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                                                                   EXHIBIT 10.15

This Agreement is made between Cooper Industries, Inc., an Ohio corporation,
having its principal office in Houston, Texas (the "Company"), and the
undersigned, an employee of the Company or a subsidiary of the Company (the
"Employee"). The parties hereto have agreed as follows:

1.       Pursuant to the Cooper Industries, Inc. Stock Incentive Plan (the
"Plan"), the Company grants to the Employee a Nonqualified Stock Option
("Option") to purchase the above stated number of shares of Cooper Industries,
Ltd. Class A common stock, $.01 per share (the "Shares"), at the price stated
above, subject to the following conditions:

(a)      The Option rights are exercisable only if and after the Employee shall
         have remained in the employ of the Company for one year from the date
         of grant of this Option (the "Grant Date"). The Option shall become
         exercisable to the extent of only 33 1/3% of the aggregate number of
         Shares above specified, after one year, 66 2/3% after two years, and
         100% after three years from the Grant Date.

(b)      Except as otherwise provided in Sections 2, 3 and 4 below, the Employee
         or any permitted transferee of the Option under Section 8 ("Permitted
         Transferee"), may exercise the Option rights only if the Employee has
         remained continuously in the employ of the Company from the Grant Date.

(c)      The Option rights shall expire at the end of the period of 7 years
         commencing with the Grant Date, or upon such earlier expiration or
         termination date as may be provided by Sections 2, 3, 4 or 9 hereof and
         such Option rights shall not be exercisable thereafter.

2.       If, after the expiration of one year from the Grant Date, the Employee
shall cease to be employed by the Company for any reason other than death,
disability or Retirement, the Option rights shall terminate immediately. For
purposes of this Agreement, the term "Retirement," "Retires" or "Retired" means
cessation of employment with the Company at a time when the Employee would be
eligible to retire in accordance with any retirement plan of the Company then in
effect. If the Employee Retires after the expiration of one year from the Grant
Date, then the Employee or any Permitted Transferee may exercise the Option
rights following such Retirement for a period of five years after Retirement or
until the Expiration Date, whichever is lesser. However, if an Employee Retires
and accepts employment with any competitor of, or otherwise engages in
competition with, the Company, the Committee, in its sole discretion, may
require such Employee to forfeit any unexercised Options under this Agreement.

3.       If, after the expiration of one year from the Grant Date, the Employee
shall cease employment as the direct result of disability (as defined in the
Company's qualified Salaried Pension Plan), all outstanding options granted to
the Employee become exercisable immediately and the Employee or any Permitted
Transferee may exercise such outstanding options for a period of one year after
the cessation of employment resulting from disability or until the Expiration
Date, whichever is lesser, irrespective of any restrictions to the contrary
contained in Section 1(a) above.

4.       If, after the expiration of one year from the Grant Date, the Employee
shall die while in the employ of the Company, or while Retired with exercisable
Options under Section 2, all outstanding options granted to the Employee become
exercisable immediately and the person entitled to exercise such Options under
Section 8 may exercise such outstanding Options for a period of one year after
the date of death or until the Expiration Date, whichever is lesser,
irrespective of any restrictions to the contrary contained in Section 1(a)
above.

5.       The Option may be exercised by delivering to the Company at its
principal executive office (directed to the attention of the Secretary or
Assistant Secretary) a written notice, signed by the Employee or a Permitted
Transferee, as the case may be, of the election to exercise the Option and
stating the number of Shares in respect of which it is then being exercised. The
Option shall be deemed exercised as of the date the Company receives such
notice, accompanied by the payment of the full purchase price of the Shares then
to be purchased plus any applicable federal and state taxes. In the event the
Option shall be exercised, as provided herein, by any person other than the
Employee, such notice shall be accompanied by appropriate evidence of the right
of such person to exercise the Option. Payment of the full purchase price may be
made in (a) cash, (b) shares of Cooper Industries, Ltd. Class A common stock,
$.01 per share ("Stock"), or (c) any combination of cash and Stock, provided
that any Stock used by the Employee in payment of the purchase price must have
been acquired (whether by purchase,

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exchange or otherwise) by the Employee and held for a period of more than six
months, and provided further that the Company reserves the right to prohibit the
use of Stock as payment of the purchase price. Stock used in payment of the
purchase price shall be valued at the average of the high and low trading prices
of such Stock on the New York Stock Exchange or as reported in the consolidated
transaction reporting system for the date of exercise. Payment of any applicable
state and federal taxes must be made by the Employee upon exercise of the
Option, even if the Option is exercised by a Permitted Transferee. Upon the
proper exercise of the Option, the Company shall issue in the name of the person
exercising the Option, and deliver to such person, a certificate for the Shares
purchased. The Employee agrees that as holder of the Option he or she shall have
no rights as shareholder in respect of any of the Shares as to which the Option
shall not have been effectively exercised as herein provided and that no rights
as a shareholder shall arise in respect of any Shares as to which the Option
shall have been duly exercised until and unless a certificate for such Shares
shall have been issued.

6.       This Option shall not be exercisable if such exercise would violate:

(a)      Any applicable state securities law;

(b)      Any applicable registration or other requirements under the Securities
Act of 1933, as amended (the "Act"), the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or the listing requirements of any stock exchange;
or

(c)      Any applicable legal requirement of any other governmental authority.

Furthermore, if a registration statement with respect to the Shares to be issued
upon the exercise of this Option is not in effect or if counsel for the Company
deems it necessary or desirable in order to avoid possible violation of the Act,
the Company may require, as a condition to its issuance and delivery of
certificates for the Shares, the delivery to the Company of a written statement
that the Employee or Permitted Transferee is acquiring such Shares for
investment only and not with a view to, or for resale in connection with, the
distribution thereof; that such person understands that the Shares may be
"restricted securities" as defined in Rule 144 issued under the Act; and that
any resale, transfer or other disposition of said Shares will be accomplished
only in compliance with Rule 144, the Act, or other or subsequent applicable
rules and regulations thereunder. The Company may place on the certificates
evidencing such Shares an appropriate legend reflecting the aforesaid statement
and the Company may refuse to permit transfer of such certificates until it has
been furnished evidence satisfactory to it that no violation of the Act or the
rules and regulations thereunder would be involved in such transfer.

7.       In consideration of the granting of this Option by the Company, the
Employee agrees that he or she will remain in the employ of the Company for a
period of not less than one year from the Grant Date unless during said period
his or her employment shall be terminated on account of incapacity or with the
consent of the Company. Nothing herein contained shall limit or restrict any
right which the Company would otherwise have to terminate the employment of the
Employee.

8.       This Option and the Option rights granted hereunder are not assignable
or transferable or subject to any disposition by the Employee otherwise than:

(a)      by will or the laws of descent and distribution;

(b)      by gift to any trust or estate in which the Employee or the Employee's
spouse or other immediate relative of the employee has more than a 50%
beneficial interest, or to the Employee's spouse or other immediate relative of
the Employee, provided that any such transfer is permitted subject to Rule 16b-3
issued pursuant to the Exchange Act as in effect when such transfer occurs; or

(c)      pursuant to a qualified domestic relations order (as defined by the
Internal Revenue Code).

In this Agreement, "immediate relative" shall mean any child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daugher-in-law,
sister-in-law, brother-in-law, any adoptive relationship or any person sharing
the Employee's household other than as a tenant or employee. The transfer of any
Option rights under this Section 8 shall not be effective until the Employee has
provided the Company with a written request for the transfer in a form
acceptable to the Company and the Company has approved the transfer in writing.
All Option rights transferred under this Section 8 shall continue to be subject
to the terms and conditions of this Agreement and any Permitted Transferee has
only the rights of the Employee contained herein, except that Option rights may
not be transfered by a Permitted

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Transferee otherwise than by will or the laws of descent and distribution.

9.       In the event of a reorganization, recapitalization or other change in
the capital stock, corporate structure or business of the Company, the Board of
Directors shall make appropriate adjustments to the number of Shares subject to
the Option and the exercise price so as to maintain the proportionate interest
of the Employee and preserve the value of the Option. In the event of a Change
in Control of the Company, outstanding Options shall be settled in accordance
with Section 18.2 of the Plan.

10.      For purposes of this Agreement, employment by a parent or subsidiary of
or a successor to the Company shall be considered employment by the Company.

11.      The Committee shall have authority, subject to the express provisions
of the Plan, to construe this Agreement and the Plan, to establish, amend and
rescind rules and regulations relating to the Plan, and to make all other
determinations in the judgment of said Committee necessary or desirable for the
administration of the Plan. The Committee may correct any defect or supply any
omission or reconcile any inconsistency in the Plan or in this Agreement in the
manner and to the extent it shall deem expedient to carry the Plan into effect.
All action by the Committee under the provisions of this paragraph shall be
conclusive for all purposes.

12.      Notwithstanding any provisions hereof, this Agreement and the Option
granted hereunder shall be subject to all of the provisions of the Plan as are
in effect from time to time, which provisions are incorporated herein by
reference.

13.      This Agreement shall be governed and construed in accordance with the
laws of the State of Texas, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of the
Agreement to the substantive law of another jurisdiction.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement in duplicate
as of the Grant Date first above written.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement in duplicate
as of the Grant Date first above written

Cooper Industries, Inc.

By:

Employee Signature

Social Security No.

Home Address<PAGE>

                                                                   EXHIBIT 10.16

                             COOPER INDUSTRIES, INC.
                       EXECUTIVE STOCK INCENTIVE AGREEMENT

This Agreement is made of the 11th day of February 2003 between Cooper
Industries, Inc., an Ohio Corporation, having its principal place of business in
Houston, Texas (the "Company") and _________, an Executive of the Company
("Executive"). All capitalized terms used in this Agreement are as defined in
the Cooper Industries, Inc. Amended and Restated Stock Incentive Plan (the
"Plan"), unless otherwise defined in this Agreement.

         1.       Restricted Stock Award. Pursuant to Section VIII of the Plan,
the Company hereby grants to the Executive, as of the date hereof, _______
restricted stock units ("Restricted Stock Units"), subject to the restrictions
set forth in this Agreement ("Restricted Stock Award"). Upon termination of the
restrictions related thereto, each Restricted Stock Unit shall be converted into
one Class A Common Share of Cooper Industries, Ltd., par value $.01 per share
("Common Shares"). Except as provided in Paragraphs 4(b) and 7 of this
Agreement, restrictions shall lapse on the Restricted Stock Units on February
11, 2006, provided the Executive is actively employed by the Company on that
date. Except for Restricted Stock Units payable in cash pursuant to Paragraph 6,
the Company shall cause its parent, Cooper Industries, Ltd., to issue a stock
certificate or book entry shares in the Executive's name for the designated
number of Common Shares effective on the date the restrictions lapse on the
Restricted Stock Units as provided herein.

         2.       Performance Shares

                  (a) Performance Period. For purposes of this Agreement, the
"Performance Period" shall be January 1, 2003 to December 31, 2004.

                  (b) Performance Share Grant. Pursuant to Section IX of the
Plan, the Company hereby grants to the Executive, as of the date hereof, an
Award of Performance Shares that may be earned based on the financial
performance of the Company during the Performance Period, subject to the
restrictions and conditions set forth in this Agreement ("Performance Share
Grant"). The Committee has established Performance Goals such that if the
Company achieves a cumulative annual growth rate of earnings per share ("EPS")
for the Performance Period of nine percent or greater over operating EPS for
2002 of $2.60, then the Executive will be issued Performance Shares in
accordance with the following chart:
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<TABLE>
<CAPTION>
             Cumulative     Fully Diluted EPS     Performance
Performance  Annual EPS   Cumulative Total Over   Shares That
   Level     Growth Rate   Performance Period    May Be Earned
-----------  -----------  ---------------------  -------------
<S>          <C>          <C>                    <C>
Goal             9%              $5.92              _______
Target          12%              $6.17              _______
Maximum         15%              $6.43              _______
</TABLE>

         The number of shares appearing under the heading "Performance Shares
That May Be Earned" shall constitute the number of the Company's Performance
Shares which may be earned by the Executive based upon achievement of the
Performance Goal levels established by the Committee during the Performance
Period (Goal, Target or Maximum). In the event the Company's actual cumulative
annual growth rate of EPS for the Performance Period exceeds the Goal level of
9% but is lower than the Maximum level of 15%, the number of Performance Shares
earned by the Executive shall be interpolated on a pro-rata basis. In the event
the Company's actual cumulative annual growth rate of EPS for the Performance
Period is below the Goal (9%) level, no Performance Shares will be earned. The
Maximum number of Performance Shares will be earned if the cumulative annual
growth rate of EPS is 15% or more during the Performance Period.

         At the end of the Performance Period, the Committee shall determine the
level of achievement of the Performance Target and the Performance Shares, if
any, earned by the Executive. The Performance Shares earned by the Executive, if
any, shall then be subject to restrictions until February 11, 2006.

         Except as provided under Paragraph 7 of this Agreement, restrictions
shall lapse on any Performance Shares earned by the Executive during the
Performance Period on February 11, 2006, provided the Executive is actively
employed by the Company on that date. Except for Performance Shares payable in
cash as provided in Paragraph 6, the Company shall cause its parent, Cooper
Industries, Ltd., to issue a stock certificate or book entry shares in the
Executive's name for the Performance Shares earned by the Executive upon the
lapse of restrictions on those shares as provided herein.

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         3.       Dividends. Upon the lapse of restrictions on Restricted Stock
Units pursuant to Paragraph 1 and on earned Performance Shares, if any, pursuant
to Paragraph 2, the Company shall pay to the Executive in cash an amount equal
to the aggregate amount of cash dividends that the Executive would have received
had the Executive been the owner of record of Common Shares representing the
Restricted Stock Units and earned Performance Shares, if any, from the effective
date of this Agreement to February 11, 2006. Upon the lapse of restrictions on
Restricted Stock Units and on the Target level of Performance Shares in the
event of a Change in Control pursuant to Section 7, the Company shall pay to the
Executive in cash an amount equal to the cash dividends that the Executive would
have received had the Executive been the owner of record of Common Shares
representing the Restricted Stock Units and the Target level of Performance
Shares from the effective date of this Agreement to the date of the Change in
Control.

         4.       Restrictions and Limitations. The Executive hereby accepts the
Restricted Stock Award and the Performance Share Grant and agrees to the
following restrictions and conditions.

                  (a) Forfeiture. Except as provided in (b) below or Paragraph
7, if the Executive's active employment with the Company terminates for any
reason prior to February 11, 2006, Restricted Stock Units granted pursuant to
Paragraph 1 and earned or unearned Performance Shares not yet vested under
Paragraph 2 shall be forfeited by the Executive.

                  (b) Termination Upon Death, Disability or Mandatory
Retirement. In the event of the Executive's death or permanent and total
disability under the Cooper Industries, Inc. Salaried Employees Retirement Plan,
the Committee may, in its sole and absolute discretion, terminate the
restrictions on all or any part of the Restricted Stock Units pursuant to
Paragraph 1 on the date of Executive's death or disability and the Company shall
cause Cooper Industries, Ltd. to issue Common Shares in the name of the
Executive (or his or her heirs or beneficiaries) for any such Restricted Stock
Units and issue a cash payment from the Company equal to the aggregate amount of
cash dividends that the Executive would have received had the Executive been the
owner of record of Common Shares representing such Restricted Stock Units from
the effective date of this Agreement until the date of Executive's death or
disability. In the event of the Executive's death, permanent and total
disability or retirement under the Cooper Industries, Inc. Salaried Employees
Retirement Plan after the Performance Period, the Executive (or his or her heirs
or beneficiaries) shall receive the Performance Shares earned by the Executive
under this Agreement on the date

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restrictions on these shares would otherwise lapse and shall receive a cash
payment for dividends as described in Paragraph 3.

                  (c) Limitations on Transferability. The Executive shall not
sell, exchange, transfer, pledge, hypothecate or otherwise dispose of the
Restricted Stock Units or the Performance Share Grant prior to the lapse of
restrictions in accordance with Paragraphs 1 and 2 of this Agreement.

         5.       Tax. Upon the issuance of Common Shares to the Executive for
Restricted Stock Units or Performance Shares earned under this Agreement, the
Executive shall pay the Company any taxes required to be withheld by reason of
the receipt of compensation resulting from the issuance of such Common Shares.
In lieu thereof, the Company shall have the right to retain, or the Executive
may direct the Company to retain, a sufficient number of Common Shares to
satisfy the Company's withholding obligations, provided the value of the Common
Shares used to satisfy the withholding obligations does not exceed the minimum
required tax withholding for the transaction. The value of any Common Shares
used to satisfy the tax withholding requirement shall be determined by the
average of the high and the low trading prices of the Common Shares on the New
York Stock Exchange on the date the restrictions lapse (or if shares are not
traded on the Exchange on such date, then on the immediately preceding trading
date).

         6.       Election to Receive Cash for Shares. Subject to the conditions
set forth in this Paragraph 6, the Executive may request that up to 50% of the
value of the Restricted Stock Units or Performance Shares earned under this
Agreement, when and if restrictions lapse, be paid in cash in an amount equal to
the fair market value of such portion of the Restricted Stock Award or earned
Performance Shares. Such request shall be made by delivering to the Company at
the office of its Secretary, no later than thirty days before the date that the
restrictions lapse, a written notice setting forth that portion (expressed as a
percentage) of the Award of Grant on which restrictions shall lapse for which
the Executive desires to receive cash. For the purposes of this Paragraph 6, the
fair market value of the Restricted Stock Award and Performance Shares shall be
the average of the high and low trading prices of the Common Shares on the New
York Stock Exchange on the date on which the restrictions lapse (or if shares
are not traded on the Exchange on such date, then on the immediately preceding
trading date). The Committee shall consider the Executive's request and have
sole and absolute discretion to determine if and to what extent the request
shall be approved, giving consideration to the Executive's compliance with
applicable stock ownership guidelines and other factors as appropriate. To the
extent the Executive's request

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is not approved, the Executive shall receive the Restricted Stock Award and
Performance Shares in Common Shares.

         7.       Change in Control. In the event of a Change in Control, a)
restrictions on Restricted Stock Units shall immediately lapse and payment or
distribution of the Restricted Stock Units shall be governed by the terms of the
Plan; and b) the Performance Share Award shall be deemed earned at the Target
level, all restrictions on those Performance Shares shall immediately lapse and
distribution of the Target level of Performance Shares shall be governed by the
terms of the Plan.

         8.       Consideration. The parties agree that the consideration for
any issuance of Common Shares for Restricted Stock Units and Performance Share
Awards hereunder shall be past services by the Executive having a value not less
than the par value of such Common Shares.

         9.       Plan Incorporated. The Executive acknowledges receipt of a
copy of the Plan, which is incorporated by reference into this Agreement. The
Executive agrees that this Restricted Stock Award and Performance Share Grant
shall be subject to all of the terms and provisions of the Plan.

         10.      Binding Effect. This Agreement shall be binding upon and inure
to the benefit of any successors to the Company and all persons lawfully
claiming under the Executive.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be duly
executed by an officer thereunto duly authorized, and the Executive has executed
this Agreement, all as of the date first above written.

                                          COOPER INDUSTRIES, INC.

                                          By: _________________________________
                                               (name)
                                               (title)

                                          EXECUTIVE

                                          By: _________________________________
                                               (name)
                                               (title)

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