Document:

EX-4.11

 Exhibit 4.11 
 EATON INCENTIVE COMPENSATION DEFERRAL PLAN II 
 EFFECTIVE JANUARY 1, 2005

 2008 RESTATEMENT 

 EATON INCENTIVE COMPENSATION DEFERRAL PLAN II 
 I. PURPOSE 
 The Incentive Compensation Deferral Plan II (the “Plan”) enables employees
who contribute significantly to the success of Eaton Corporation (“Eaton” or the “Company”) to defer receipt of awards earned under incentive compensation plans and certain other compensation. The purpose of the Plan is to help
attract and retain highly qualified individuals, to provide an incentive to those individuals to improve the profitability, competitiveness and growth of the Company, and to help align their interests with those of the shareholders. 

II. ELIGIBILITY 
 All elected officers of the
Company are eligible to participate in the Plan with respect to amounts earned under the Executive Strategic Incentive Plan or any other Eaton incentive plan made available for deferral hereunder by the Committee. Such other executives as determined
by the Committee shall also be eligible to participate in the Plan with respect to any amounts earned under any Eaton incentive compensation plan made available for deferral hereunder by the Committee. 

III. DEFINITIONS 
 The terms used herein shall
have the following meanings: 
 Account—A bookkeeping account established by Eaton for a Participant to which may be credited Deferred
Incentive Compensation and earnings or losses thereon. 
 Agreement—A written agreement between Eaton and a Participant deferring the
receipt of Incentive Compensation and indicating the term of the deferral. 
 Beneficiary—The person or entity designated in writing by the
Participant and delivered to the Committee. If that person or entity is not living or in existence at the time any unpaid balance of Deferred Incentive Compensation becomes due after the death of a Participant, the term “Beneficiary” shall
mean the Participant’s estate or legal representative or any person, trust or organization designated in such Participant’s will. 

Board—The Board of Directors of Eaton. 

Change in Control—Shall be deemed to occur upon the occurrence of (i) a change in the ownership of Eaton, (ii) a change in effective
control of Eaton, or (iii) a change in the ownership of a substantial portion of the assets of Eaton. For purposes of this definition, except as provided below, a change in the ownership of a Eaton occurs on the date that any one
(1) person, or more than one (1) person acting as a group (as defined in Treasury Regulation Section 1.409A-3(i)(5)(v)(B)), acquires ownership of stock of Eaton that, together with stock held by such person or group, constitutes more
than fifty (50) percent of the total fair market value or total voting power of the shares of Eaton. However, if any one (1) person, or more than one (1) person acting as a group,

 
is considered to own more than fifty (50) percent of the total fair market value or total voting power of the shares of Eaton, the acquisition of additional shares by the same person or
persons is not considered to cause a change in the ownership of Eaton (or to cause a change in the effective control of Eaton). An increase in the percentage of stock owned by any one (1) person, or persons acting as a group, as a result of a
transaction in which the corporation acquires its stock in exchange for property will be treated as an acquisition of stock for purposes hereof. This shall apply only when there is a transfer of shares of Eaton (or issuance of shares of Eaton) and
shares in Eaton remain outstanding after the transaction. A change in the effective control of Eaton occurs only on either of the following dates: (1) The date any one (1) person, or more than one (1) person acting as a group,
acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of shares of Eaton possessing thirty (30) percent or more of the total voting power of the shares of the
corporation; or (2) the date a majority of members of the 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 Board before the date of the appointment or
election. A change in the ownership of a substantial portion of the assets of Eaton occurs on the date any one (1) person, or more than one (1) person acting as a group, acquires (or has acquired during the 12- month period ending on the
date of the most recent acquisition by such person or persons) assets from the corporation that have a total gross fair market value equal to or more than forty (40) percent of the total gross fair market value of all of the assets of the
corporation immediately before such acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of the corporation, or the value of the assets being disposed of, determined without regard to any liabilities
associated with such assets. Application of this definition shall be further subject to rules set forth in Treasury Regulation Section 1.409A-3(i) relating to persons acting as a group, transfers to related persons, and certain back-to-back
arrangements. 
 Code—Internal Revenue Code of 1986, as it may be amended from time to time. 

Committee—The Compensation and Organization Committee of the Board. 
 Common Share Retirement Compensation—Retirement Compensation which is converted into share units in accordance with Article VI. 
 Deferred Incentive Compensation—That portion of Incentive Compensation deferred pursuant to the Plan. 
 Eaton—Eaton Corporation, an Ohio corporation, and its corporate successors. 
 Eaton Common
Shares—The common shares of Eaton. 
 Incentive Compensation—Any payment awarded to a Participant under any Incentive Compensation
Plan. 
 Incentive Compensation Plan—Any incentive compensation plan approved by either the Board or its Compensation and Organization
Committee. 

  
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 Interest Rate Retirement Compensation—Retirement Compensation which is credited with Treasury Note
Based Interest in accordance with Article VI. 
 Participant—An employee of Eaton who elects to defer receiving benefits under an Incentive
Compensation Plan designated by the Committee as eligible for deferral hereunder. 
 Periodic Installments—Annual payments, over a period
not to exceed fifteen (15) years, as elected by the Participant in accordance with the terms of the Plan, which are substantially equal in amount, or, in the case of Common Share Retirement Compensation, substantially equal in the number of
share units being valued and paid or the number of Eaton Common Shares being distributed, except that earnings attributable to periods following Retirement or Termination of Employment shall be included with each payment. Periodic Installments are
paid on or about March 15 of each year, except as otherwise provided herein. 
 Plan—This Incentive Compensation Deferral Plan II
pursuant to which Incentive Compensation may be deferred for later payment. 
 Retirement—The Termination of Employment of a Participant
who is age fifty (50) or older and has at least ten (10) years of service with Eaton. For this purpose, service shall be measured in the same manner as Service under the Pension Plan for Eaton Corporation Employees. 

Retirement Compensation—That portion of Incentive Compensation deferred for payment at Retirement or in Periodic Installments commencing at
Retirement. 
 Short-Term Compensation—That portion of Incentive Compensation deferred for payment in accordance with Article V.

 Termination of Employment—The time when a Participant shall no longer be employed by Eaton whether by reason of Retirement, death,
voluntary resignation (with or without good reason), divestiture or closing of a business unit, plant or facility, discharge (with or without cause), or such disability that, under the then current employment practices of Eaton, the employment of
the Participant is terminated. Termination of Employment shall include “separation from service” within the meaning of Section 409A of the Code, meaning that a Participant whose level of bona fide services is permanently decreased to
no more than twenty (20) percent of the average level of bona fide services performed over the preceding 36-month period shall incur a separation from service for purposes of the Plan. Notwithstanding the foregoing, upon a sale or other
disposition of assets of Eaton or any of its subsidiaries to an unrelated purchaser, Eaton reserves the right, to the extent permitted by Section 409A of the Code, to determine whether Participants providing services to the purchaser after and
in connection with the purchase transaction have experienced a separation from service. 
 Treasury Bill Interest Equivalent—A rate of
interest equal to the quarterly average yield of 13-week U.S. Government Treasury Bills. 
 Treasury Note Based Interest—A rate of interest
equal to the average yield of 10-year U.S. Government Treasury Notes plus 300 basis points. 

  
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 IV. ELECTION TO DEFER 
 Section 4.01 Deferral Options 
 For each award period ending during or after 2005 (an
“Award Period”) with respect to any plan eligible for the deferral of Incentive Compensation hereunder, the Participant may elect to defer the receipt of all or part of his or her Incentive Compensation as Short-Term Compensation or
Retirement Compensation. Once a Participant has made an effective election, he or she may not thereafter change that election or change any allocation between Short-Term Compensation or Retirement Compensation. 

Section 4.02 Amount Deferred 
 Not less
than ten (10) percent of Incentive Compensation awarded for any Award Period may be deferred under the Plan. If a Participant elects to allocate a portion of Incentive Compensation to both Short-Term Compensation and Retirement Compensation,
the amount allocated to each shall be not less than ten (10) percent of the Incentive Compensation awarded for any Award Period. 

Section 4.03 Election Deadline 
 To be in
effect for an Award Period, a Participant’s election must be completed, signed and filed with the Committee on or before December 31 of the taxable year immediately preceding the taxable year in which the services are performed, except
that in the case of any performance-based compensation within the meaning of Treasury Regulation Section 1.409A-1(e) based on services performed over a period of at least 12 months, such election must be made no later than six (6) months
before the end of the Award Period and otherwise in accordance with rules and procedures established by the Committee. Moreover, in the case of the first year in which a Participant becomes eligible to participate in the Plan, such election may be
made with respect to services performed subsequent to the election within thirty (30) days after the date the Participant becomes eligible to participate in the Plan. In the event that an election is made hereunder in the Participant’s
first year of eligibility with respect to compensation that is earned based on a specific performance period and after the beginning of that performance period (but subject to the first sentence of this Section 4.03), the election shall apply
only to the compensation paid for services performed after the election. An election will be deemed to apply to compensation paid for services performed after the election if the election applies to no more than an amount equal to the total amount
of the compensation for the performance period multiplied by the ratio of the number of days remaining in the performance period after the election over the total number of dates in the performance period. 

  
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 V. SHORT-TERM COMPENSATION 
 Section 5.01 Amount 
 If elected by a Participant, payment of the amount of Incentive
Compensation allocated to Short-Term Compensation will be deferred. Short-Term Compensation shall be credited to the Participant on the date such amount would have been distributed to him or her if there had been no valid deferral election by
establishing an Account in the Participant’s name. Treasury Bill Interest Equivalents shall be credited quarterly to the Participant’s Short-Term Compensation Account until such compensation is paid to the Participant. 

Section 5.02 Election and Payment 

Short-Term Compensation, together with credited Treasury Bill Interest Equivalents, shall be paid to the Participant in a lump sum or in not more than
five (5) annual installments, as elected by the Participant. At the time a Participant elects to defer receipt of Incentive Compensation as Short-Term Compensation pursuant to Section 4.01, the Participant shall also elect with respect to
the deferral for such Award Period the time at which payment of such amount shall be made or begin and which of the methods of payment described in this Section 5.02 shall be used, provided that such payment may not be made prior to
March 15 of the second year following the Award Period for which the Short-Term Compensation was credited to the Participant. Upon the death of a Participant who has a Short-Term Compensation Account, the entire amount of his or her Short-Term
Compensation then remaining shall be distributed to the Participant’s Beneficiary in a lump sum within ninety (90) days following the death. 
 VI. RETIREMENT COMPENSATION 
 Section 6.01 Duration 

If elected by a Participant, payment of the amount of Incentive Compensation allocated to Retirement Compensation will be deferred to Retirement, but
subject to the limitations of Section 9.02. Retirement Compensation shall be credited to the Participant on the date such amount would have been distributed to him or her if there had been no valid deferral election by establishing an Account
in the Participant’s name. At the time a Participant elects to defer receipt of Incentive Compensation as Retirement Compensation pursuant to Section 4.01, the Participant shall also elect with respect to the deferral for such Award
Period, whether such amount is to be distributed in a lump sum or in the form of Periodic Installments over a period of five (5), ten (10), or fifteen (15) years, subject, however, to the provisions of Section 6.07. Following a
Participant’s Retirement, payment to the Participant shall be made or commence on or about March 15 of the year following the date of such Retirement, subject to the provisions of Sections 6.07 and 9.02. 

  
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 Section 6.02 Common Share Retirement Compensation 

Between fifty (50) percent and one hundred (100) percent, as elected by the Participant, of the amount allocated to Retirement Compensation
shall be credited to Common Share Retirement Compensation, and the balance shall be credited to Interest Rate Retirement Compensation. 
 Common
Share Retirement Compensation shall be converted into a number of share units based upon the average of the mean prices for Eaton Common Shares for the twenty (20) trading days of the New York Stock Exchange during which Eaton Common Shares
were traded immediately following the end of the incentive period in which the Incentive Compensation to be deferred was earned. Until the Participant’s Common Share Retirement Compensation is paid, on each Eaton Common Share dividend payment
date, dividend equivalents equal to the actual Eaton Common Share dividends paid shall be credited to the share units in the Participant’s Account, and shall in turn be converted into share units utilizing the mean Eaton Common Share price on
the dividend payment date. 
 Upon payment of Common Share Retirement Compensation, the share units standing to the Participant’s credit
shall be converted to the same number of Eaton Common Shares for distribution to the Participant in the form of Eaton Common Shares. 

Section 6.03 Interest Rate Retirement Compensation 
 Retirement Compensation not credited to Common Share Retirement Compensation shall be credited to Interest Rate Retirement Compensation. Interest Rate Retirement Compensation shall be credited to the
Interest Rate Retirement Compensation Account, which shall earn Treasury Note Based Interest, compounded quarterly, until paid. 

Section 6.04 Periodic Installments Following Death 
 Upon the death of a Participant who has commenced receiving Periodic Installments, the entire remaining amount of his or her Retirement Compensation shall be distributed to the Participant’s
Beneficiary. Such distribution shall be made in a lump sum within ninety (90) days following the death. 
 Section 6.05 Termination of
Employment 
 The Retirement Compensation Account of a Participant who has a Termination of Employment for reasons other than Retirement shall be
distributed in a lump sum. The lump sum payment shall be made within sixty (60) days following such Termination of Employment, subject to the provisions of Section 9.02. 
 Section 6.06 Limited Redeferral 
 A Participant who has made an effective election under
Section 6.01 with respect to deferral of Retirement Compensation for payment in a lump sum following Retirement may make a subsequent election to delay payment or commencement of payment of such amount for a period

  
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of five (5) years from the date such payment would otherwise have been made, which election may include a change in the form of payment in accordance with the following provisions, subject
to such administrative rules and procedures as may be established by the Committee: 
  

	 	(a)	the subsequent election shall not take effect until 12 months after the date on which it is made; and 

 

	 	(b)	payment in the form of Periodic Installments over a period of five (5) years may be elected. 

 Any such subsequent election shall become irrevocable on the later of the date when made or the date which is 12 months before the date the Participant could first be eligible for Retirement.
Notwithstanding the foregoing provisions of this Section 6.06, no such subsequent election shall be given effect unless the Participant has a Termination of Employment by reason of Retirement. 

VII. AMENDMENT AND TERMINATION 

Section 7.01 Right to Amend or Terminate 

Eaton fully expects to continue the Plan but it reserves the right, except as otherwise provided herein, at any time by action of the Committee, to
modify, amend or terminate the Plan for any reason, including adverse changes in the federal tax laws. Notwithstanding the foregoing and subject to the provisions of Section 9.01, upon the occurrence of a Change in Control, no amendment,
modification or termination of the Plan shall, without the consent of the Participant, alter or impair any rights or obligations under the Plan with respect to such Participant. 
 Section 7.02 American Jobs Creation Act of 2004 
 The Plan is intended to provide for the
deferral of compensation in accordance with the provisions of Section 409A of the Code and Treasury Regulations and published guidance issued pursuant thereto. Accordingly, the Plan shall be construed in a manner consistent with those
provisions and may at any time be amended in the manner and to the extent determined necessary or desirable by Eaton to reflect or otherwise facilitate compliance with such provisions with respect to amounts deferred on and after January 1,
2005, including as contemplated by Section 885 (f) of the American Jobs Creation Act of 2004. Moreover, after January 1, 2007, and on or before December 31, 2007, and to the extent permitted by the Committee in accordance with
terms set forth on an election form provided by Eaton, a Participant may make a change in a payment election as described in IRS Notice 2006-79, provided that with respect to an election to change a time and form of payment made after
January 1, 2007 and on or before December 31, 2007, the election may apply only to amounts that would not otherwise be payable in 2007 and may not cause an amount to be paid in 2007 that would not otherwise be payable in 2007. 

  
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 VIII. ADMINISTRATION 
 The Plan shall be administered by the Committee. The Committee shall interpret the provisions of the Plan where necessary and may adopt procedures for the administration of the Plan which are consistent
with the provisions of the Plan and any rules adopted by the Committee. 
 Each Participant or Beneficiary must claim any benefit to which such
Beneficiary may be entitled under the Plan by a written notification to the Committee. If a claim is denied, it must be denied within a reasonable period of time in a written notice stating the specific reasons for the denial. The claimant may have
a review of the denial by the Committee by filing a written notice with the Committee within sixty (60) days after the notice of the denial of his or her claim. The written decision by the Committee with respect to the review must be given
within one hundred twenty (120) days after receipt of the written request. 
 The determinations of the Committee shall be final and
conclusive. 
 IX. PAYMENTS 

Section 9.01 Termination upon Change in Control. The Board shall have the authority, in its sole discretion, to terminate the Plan and pay each
Participant’s entire benefit to the Participant or, if applicable, his Beneficiary, pursuant to an irrevocable action taken by the Board within the thirty (30) days preceding or the 12 months following a Change in Control, provided that
this Section 9.01 will only apply to a payment under the Plan if all agreements, methods, programs, and other arrangements sponsored by the service recipient immediately after the time of the change in control event with respect to which
deferrals of compensation are treated as having been deferred under a single plan within the meaning of Treasury Regulation Section 1.409A-1(c)(2) are terminated and liquidated with respect to each Participant that experienced the change in
control event, so that under the terms of the termination and liquidation all such Participants are required to receive all amounts of compensation deferred under the terminated agreements, methods, programs, and other arrangements within 12 months
of the date the service recipient irrevocably takes all necessary action to terminate and liquidate the agreements, methods, programs and other arrangements. Solely for purposes of this Section 9.01, where the change in control event results
from an asset purchase transaction, the applicable service recipient with the discretion to liquidate and terminate the agreements, methods, programs, and other arrangements is the service recipient that is primarily liable immediately after the
transaction for the payment of the deferred compensation. 
 Section 9.02 Time of Payment 

Notwithstanding any provision of the Plan to the contrary, compensation deferred under the Plan shall not be distributed earlier than 

 

	 	(a)	separation from service as determined by the Secretary of the Treasury (except as provided below with respect to a “specified employee” of Eaton);

  
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	 	(b)	the date the Participant becomes disabled (within the meaning of Section 409A(a)(2)(C) of the Code); 

 

	 	(c)	death of the Participant; 

  

	 	(d)	a specified time (or pursuant to a fixed schedule) specified under the Plan at the date of the deferral of such compensation; 

 

	 	(e)	to the extent provided by the Secretary of the Treasury, a change in the ownership or effective control of Eaton, or in the ownership of a substantial portion of the
assets of Eaton; 

  

	 	(f)	the occurrence of an unforeseeable emergency as defined in Section 409A(a)(2)(B)(ii) of the Code; or 

 

	 	(g)	termination of the Plan as described in Section 7.01 or 9.01. 

 In the case of any Participant who is determined by the Company to be a “specified employee” within the meaning of Section 409A of the Code and applicable Treasury regulations,
distributions shall not in any event be made or begin until the first business day of the month which is six (6) months after the date of his separation from service (or, if earlier, the date of death of the Participant) (the “permitted
payment date”). In the event any payment to a specified employee is delayed by reason of this provision, such payment (including interest or earnings otherwise credited through the permitted payment date) shall be made on such permitted payment
date. 
 X. MISCELLANEOUS 

Section 10.01 Adjustments 
 In the event of
a reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares, stock split, stock dividend, rights offering or similar event affecting shares of the Company, the Committee shall equitably adjust the
limitation on the number and class of share units which may be allocated to Participants as Common Share Retirement Compensation, and the number of share units previously allocated to their Accounts. 

Section 10.02 Designation of Beneficiaries 

Each Participant shall have the right, by written instruction to the Committee, on a form supplied by the Committee, to designate one (1) or more
primary and contingent Beneficiaries (and the proportion to be paid to each, if more than one is designated) to receive his or her Account balance upon his or her death. Any such designation shall be revocable by the Participant. 

  
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 Section 10.03 Committee Actions 
 All actions of the Committee hereunder may be taken with or without a meeting. If taken without a meeting, the action shall be in writing and signed by a majority of the members of the Committee and if
taken with a meeting, a majority of the Committee shall constitute a quorum for any such action. The determination by the Committee as to the withholding of taxes shall be binding upon the Participants and their Beneficiaries. 

Section 10.04 Assignment 
 No benefit under
the Plan shall be subject to anticipation, alienation, sale, transfer or encumbrance, and any attempt to do so shall be void. No benefit hereunder shall in any manner be liable for the debts, contracts, or liabilities of the person entitled to such
benefits. During a Participant’s lifetime, rights hereunder are exercisable only by the Participant or that person’s guardian or legal representative. Notwithstanding the foregoing, nothing in this Section shall prohibit the transfer of
any benefit by will or by the laws of descent and distribution or (if permitted by applicable regulations under Section 16(b) of the Securities Exchange Act of 1934) pursuant to a qualified domestic relations order, as defined under the Code
and the Employee Retirement Income Security Act of 1974, as amended. 
 Section 10.05 No Funding Required 

The obligations of Eaton to make payments shall be a liability of Eaton to the Participant. Eaton shall not be required to maintain any separate fund or
reserve, or purchase or acquire life insurance on a Participant’s life, or otherwise segregate assets to assure that any particular asset of Eaton is available to make such payments by reason of Eaton’s obligations hereunder. Nothing
contained in the Plan shall be construed as creating a trust or other fiduciary relationship between Eaton and a Participant or any other person. 
 Section 10.06 Certain Adjustments to Accounts 
 In the event that it shall be determined in
accordance with any policy, program or standard adopted by Eaton that any Incentive Compensation payable to a Participant which has been deferred under the terms of the Plan is to be restored to Eaton, the Account of such Participant shall be
appropriately adjusted to eliminate such deferral, and no substitution shall be provided. 
 Section 10.07 No Employment Contract

 The Plan shall not be deemed to constitute a contract of employment between Eaton and a Participant. Neither shall the execution of the Plan
nor any action taken by Eaton or the Committee pursuant to the Plan confer on a Participant any legal right to be continued in any other capacity with Eaton whatsoever. 

  
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 Section 10.08 Governing Law 
 The Plan shall be construed and governed in accordance with the law of the State of Ohio to the extent not covered by Federal law. 
 Section 10.09 Effective Date 
 The Plan was adopted by the Board on December 8, 2004,
effective January 1, 2005, and is amended and restated effective January 1, 2008, as set forth herein. 
 APPROVAL AND
ADOPTION 
 The Eaton Corporation Deferred Incentive Compensation Plan II, as amended and restated in the form attached hereto, is hereby
approved and adopted. 
  

							
		 		 		 	Date: October 27, 2007
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 EXECUTION COPY 
 FIRST AMENDMENT 
 TO 

EATON INCENTIVE COMPENSATION DEFERRAL PLAN II 
 (January 1, 2008 Restatement) 
 WHEREAS, the Company maintains in
effect the Eaton Incentive Compensation Deferral Plan II under a January 1, 2008 Restatement, as amended (the “Plan”); and 
 WHEREAS, the Company reserves the right to amend the Plan; and 

WHEREAS, the Company wishes to amend the Plan in order to reflect the corporate restructuring of Eaton Corporation pursuant to
which common shares of Eaton Corporation will be converted into ordinary shares of Eaton Corporation plc. 
 NOW
THEREFORE, the Plan is amended, effective as of the Merger Effective Time described in the Transaction Agreement dated May 21, 2012, as amended by Amendment No. 1 to the Transaction Agreement, dated June 22, 2012, and Amendment
No. 2 to the Transaction Agreement, dated October 19, 2012, between Cooper Industries plc, Eaton Corporation, Abeiron Limited, Comdell Limited, Turlock B.V., and Turlock Corporation, to provide as follows: 

1. Article II is hereby amended by replacing “Company” with “Eaton Corporation plc” in the one place that
“Company” appears. 
 2. The definition of “Board” is hereby amended in its entirety to read as follows:

 Board – The Board of Directors of Eaton Corporation plc. 

3. The definition of “Change in Control” is hereby amended by (x) replacing “stock” with “shares” in
each place “stock” appears and (y) replacing “Eaton” with “Eaton Corporation plc” in each place “Eaton” appears. 

 4. The definition of “Eaton Common Shares” in Article III of the Plan is hereby
amended in its entirety to read as follows: 
 Eaton Common Shares – Ordinary shares, nominal value of $0.01 per
share in Eaton Corporation plc. 
 5. Section 10.01 of the Plan is hereby amended by (x) replacing “stock”
with “shares” in the two places “stock” appears and (y) replacing “Company” with “Eaton Corporation plc” in the one place “Company” appears. 

6. Article X of the Plan is hereby amended by the addition of a new Section 10.10 to read as follows: 

Section 10.10. Notwithstanding any other provision of this Plan, (a) Eaton Corporation plc shall not be obliged to issue
any shares pursuant to an award unless at least the par value or nominal value of such newly issued share has been fully paid in advance in accordance with applicable law (which requirement may mean the holder of an award is obliged to make such
payment) and (b) Eaton Corporation plc shall not be obliged to issue or deliver any shares in satisfaction of awards until all legal and regulatory requirements associated with such issue or delivery have been complied with to the satisfaction
of the Committee. 
 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed
through duly authorized persons on this 29th day of
November, 2012. 
  

			
	 EATON CORPORATION

		
	 By:
	 	 /s/ Thomas E. Moran

		
	 Title:
	 	 Senior Vice President and Secretary

  
 2EX-4.12

 Exhibit 4.12 
 EATON CORPORATION DEFERRED INCENTIVE COMPENSATION PLAN II 
 EFFECTIVE JANUARY 1,
2005 
 2008 RESTATEMENT 

 EATON CORPORATION 
 DEFERRED INCENTIVE COMPENSATION PLAN II 
  

	I.	PURPOSE 

  

	    	The purpose of the Deferred Incentive Compensation Plan II is to promote the greater success of Eaton Corporation and its subsidiaries by providing a means to defer
Incentive Compensation for key employees whose level and nature of position enable them to affect significantly the profitability, competitiveness and growth of Eaton. 

 

	II.	CONCEPT 

  

	    	The Plan is based on the concept that the deferral of Incentive Compensation for later payment to a Participant, including the later payment during Retirement, will
provide a benefit to each Participant and an incentive to improve the profitability, competitiveness and growth of Eaton. 

  

	III.	DEFINITIONS 

  

	    	Unless otherwise required by the context, the terms used herein shall have the meanings as set forth below: 

 

	    	ACCOUNT: The account established by Eaton for each Participant to which may be credited his or her Deferred Incentive Compensation, Dividend Equivalents, Treasury Bill
Interest Equivalents, and Treasury Note Based Interest. 

  

	    	BENEFICIARY: The person or entity (including a trust or the estate of the Participant) designated in a written document executed by the Participant and delivered to the
Committee. If at the time when any unpaid balance of Deferred Incentive Compensation shall be or become due at or after the death of a Participant, there shall not be any living person or any entity in existence so designated, the term
“Beneficiary” shall mean the Participant’s estate. 

  

	    	BOARD: The Board of Directors of Eaton. 

  

	    	BOARD COMMITTEE: The Compensation and Organization Committee of the Board. 

 

	    	 CHANGE IN CONTROL: For purposes of the Plan, a “Change in Control” shall be deemed to have occurred upon the occurrence of (i) a change
in the ownership of Eaton, (ii) a change in effective control of Eaton, or (iii) a change in the ownership of a substantial portion of the assets of Eaton. For purposes of this definition, except as provided below, a change in the
ownership of a Eaton occurs on the date that any one (1) person, or more than one (1) person acting as a group (as defined in Treasury Regulation Section 1.409A-3(i)(5)(v)(B)), acquires ownership of shares of Eaton that, together with
shares held by such person or group, constitutes more than fifty (50) percent of the total fair market value or total voting power of the shares of Eaton. However, if any one (1) person, or more than one (1) person acting as a group,
is considered to own more than fifty (50) percent of the total fair market value or total voting power of the shares of 

  
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Eaton, the acquisition of additional shares by the same person or persons is not considered to cause a change in the ownership of Eaton (or to cause a change in the effective control of Eaton).
An increase in the percentage of shares owned by any one (1) person, or persons acting as a group, as a result of a transaction in which Eaton acquires its shares in exchange for property will be treated as an acquisition of shares for purposes
hereof. This shall apply only when there is a transfer of shares of Eaton (or issuance of shares of Eaton) and shares in Eaton remain outstanding after the transaction. A change in the effective control of Eaton occurs only on either of the
following dates: (1) the date any one (1) person, or more than one (1) person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons)
ownership of shares of Eaton possessing thirty (30) percent or more of the total voting power of the shares of the corporation; or (2) the date a majority of members of the 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 Board before the date of the appointment or election. A change in the ownership of a substantial portion of the assets of Eaton occurs on the date any one (1) person,
or more than one (1) person acting as a group, acquired (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the corporation that have a total gross fair market
value equal to or more than forty (40) percent of the total gross fair market value of all of the assets of the corporation immediately before such acquisition or acquisitions. For this purpose, gross fair market value means the value of the
assets of the corporation, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. Application of this definition shall be further subject to rules set forth in Treasury Regulation
Section 1.409A-3(i) relating to persons acting as a group, transfers to related persons, and certain back-to-back arrangements. 

 CODE: Internal Revenue Code of 1986, as it may be amended from time to time. 

COMMITTEE: The Management Compensation Committee of Eaton. 
 COMMON SHARE RETIREMENT COMPENSATION: Retirement Compensation which is converted into Contingent Share Units in accordance with Article VI. 

CONTINGENT SHARE UNITS: Units credited to a Participant's Account which are equivalent in value to the market value of Eaton Common
Shares. 
 DEFERRED INCENTIVE COMPENSATION: That portion of Incentive Compensation which has been deferred pursuant to the Plan
and any Dividend Equivalents, Treasury Bill Interest Equivalents, Contingent Share Units, and Treasury Note Based Interest which are attributable thereto. 
 DEFERRED INCENTIVE COMPENSATION AGREEMENT: The written agreement between Eaton and a Participant pursuant to which Incentive Compensation is deferred under the Plan. 

DIVIDEND EQUIVALENT: An amount equal to the per share dividends paid on Eaton Common Shares. 

EATON: Eaton Corporation, an Ohio corporation, and its corporate successors. 

EATON COMMON SHARES: The common shares of Eaton. 

  
 3 

 EXECUTIVE INCENTIVE COMPENSATION PLAN: Any incentive compensation plan approved (a) by
the Board for participation in the Plan and whose participants are designated by the Board Committee or (b) by the Committee. 
 INCENTIVE COMPENSATION: The full amount of the annual Incentive Compensation awarded to a Participant under any Executive Incentive Compensation Plan. 

INCENTIVE YEAR: An incentive year as defined under the provisions of the applicable Executive Incentive Compensation Plan. 

INTEREST RATE RETIREMENT COMPENSATION: Retirement Compensation which is credited with Treasury Note Based Interest in accordance with
Article VI. 
 MEAN PRICE: The mean between the highest and lowest quoted selling price of an Eaton Common Share on the New York
Stock Exchange. 
 PARTICIPANT: An employee of Eaton in a key position receiving benefits under the Executive Incentive
Compensation Plan and participating under the Plan. 
 PERIODIC COMPENSATION: That portion of a Participant's Incentive
Compensation which is deferred under the Plan for payment over a period not in excess of five (5) years. 
 PERIODIC
INSTALLMENTS: Equal annual payments over a period not to exceed fifteen (15) years, as elected by the Participant in accordance with the terms of the Plan. Periodic Installments are paid on or about March 15 of each year, except as
otherwise provided herein. 
 PLAN: The Deferred Incentive Compensation Plan pursuant to which all or a portion of Incentive
Compensation may be deferred for later payment to a Participant effective January 1, 2005, and adopted December 8, 2004. 
 RETIREMENT: The Termination of Employment of a Participant who is age fifty (50) or older and has at least ten (10) years of service with Eaton. For this purpose, service shall be measured in
the same manner as Service under the Pension Plan for Eaton Corporation Employees. 
 RETIREMENT COMPENSATION: That portion of
Incentive Compensation deferred under the Plan for payment to a Participant upon his or her Retirement. 
 TERMINATION AND CHANGE
IN CONTROL: Shall mean the termination of the employment of a Participant for any reason whatsoever prior to a Change in Control, upon a subsequent Change in Control or termination of the employment of a Participant for any reason whatsoever during
the two (2)-year period immediately following a Change in Control. 
 TERMINATION OF EMPLOYMENT: The time when a Participant
shall no longer be employed by Eaton whether by reason of Retirement, death, voluntary resignation (with or without good reason), divestiture or closing of a business unit, plant or facility, discharge (with or without cause), or such disability
that, under the then current employment practices of Eaton, the employment of the Participant is terminated. 

  
 4 

 Termination of Employment shall include "separation from service" within the meaning of
Section 409A of the Code, meaning that a Participant whose level of bona fide services is permanently decreased to no more than twenty (20) percent of the average level of bona fide services performed over the preceding 36-month period
shall incur a separation from service for purposes of the Plan. Notwithstanding the foregoing, upon a sale or other disposition of assets of Eaton or any of its subsidiaries to an unrelated purchaser, Eaton reserves the right, to the extent
permitted by Section 409A of the Code, to determine whether Participants providing services to the purchaser after and in connection with the purchase transaction have experienced a separation from service. 

TREASURY BILL INTEREST EQUIVALENT: A rate of interest equal to the quarterly average yield of 13-week U.S. Government Treasury Bills.

 TREASURY NOTE BASED INTEREST: A rate of interest equal to the average yield of 10-year U.S. Government Treasury Notes plus 300
basis points. 
  

	IV.	ELECTION TO DEFER 

Section 4.01. With respect to Incentive Compensation for each Incentive Year commencing in or after 2005, the Participant shall be
given the opportunity to elect, by signing and delivering to the Committee a Deferred Incentive Compensation Agreement, the manner and extent to which the Participant's Incentive Compensation awarded in respect to such Incentive Year shall be
deferred under the Plan and the allocation between Periodic Compensation and Retirement Compensation. At the time such election is made the Participant shall specify with respect to the deferral for such Incentive Year the time and form of payment
for such amount as follows: 
  

	 	(a)	With respect to any amount allocated to Periodic Compensation, the Participant shall specify the year (subject to the provisions of Section 5.02) in which payment
of such amount shall be made or commence in the form of Periodic Installments and the number of years, not to exceed five (5) over which payment shall be made. 

 

	 	(b)	With respect to any amount allocated to Retirement Compensation, the Participant shall specify whether such amount is to be distributed as a lump sum or in the form of
Periodic Installments over a period of five (5), ten (10), or fifteen (15) years, subject, however, to the provisions of Section 4.06. 

 Section 4.02. Not less than ten (10) percent of Incentive Compensation awarded for any Incentive Year may be deferred under the Plan. 

Section 4.03. If a Participant elects to allocate a portion of Incentive Compensation to both Periodic Compensation and Retirement
Compensation, the amount allocated to each form of Compensation shall be not less than ten (10) percent of the Incentive Compensation awarded for any Incentive Year. 
 Section 4.04. To be in effect for an Incentive Year, a Participant's election pursuant to Section 4.01 must be completed on or before December 31 of the year immediately preceding the
Incentive Year. Moreover, in the case of the first year in which a Participant becomes eligible to participate in the Plan, such election shall be made with respect to services performed subsequent to the election within thirty (30) days after
the 

  
 5 

 
date the Participant becomes eligible to participate in the Plan. In the event that an election is made hereunder in the Participant's first year of eligibility with respect to compensation that
is earned based on a specific performance period and after the beginning of that performance period, the election shall apply only to the compensation paid for services performed after the election. An election will be deemed to apply to
compensation paid for services performed after the election if the election applies to no more than an amount equal to the total amount of the compensation for the performance period multiplied by the ratio of the number of days remaining in the
performance period after the election over the total number of dates in the performance period. 
 Section 4.05. Once a
Participant has made an effective election under Section 4.01 with respect to the deferral and allocation of his or her Incentive Compensation, he or she may not thereafter change that election other than as provided in Section 4.06 or
change the allocation between Periodic Compensation and Retirement Compensation. 
 Section 4.06. A Participant who has made
an effective election under Section 4.01 with respect to deferral of Retirement Compensation for payment in a lump sum following Retirement may make a subsequent election to delay payment or commencement of payment of such amount for a period
of five (5) years from the date such payment would otherwise have been made, which election may include a change in the form of payment in accordance with the following provisions, subject to such administrative rules and procedures as may be
established by the Committee: 
  

	 	(a)	the subsequent election shall not take effect until 12 months after the date on which it is made; and 

 

	 	(b)	payment in the form of Periodic Installments over a period of five (5) years may be elected. 

Any such subsequent election shall become irrevocable on the later of the date when made or the date which is 12 months before the date
the Participant could first be eligible for Retirement. Notwithstanding the foregoing provisions of this Section 4.06, no such subsequent election shall be given effect unless the Participant has a Termination of Employment by reason of
Retirement. 
  

	V.	PERIODIC COMPENSATION 

Section 5.01. There shall be computed and credited quarterly to the Participant's Account Treasury Bill Interest Equivalents on all
unpaid Periodic Compensation. 
 Section 5.02. Commencing on or about March 15 of the year elected by the Participant
(but not earlier than the second year following the Incentive Year for which the Periodic Compensation was credited to the Participant), the Periodic Compensation shall be paid to the Participant in not more than five (5) equal annual
installments, as earlier elected by the Participant; and, with each such installment, there shall be paid to the Participant all Treasury Bill Interest Equivalents credited to the Participant and then unpaid. 

Section 5.03. Upon Termination of Employment, any unpaid Periodic Compensation and any unpaid Treasury Bill Interest Equivalents
credited thereon shall be paid to the 

  
 6 

 
Participant, or his or her Beneficiary, as the case may be, in a lump sum payment within sixty (60) days following such Termination of Employment, subject to the provisions of
Section 9.03. 
  

	VI.	RETIREMENT COMPENSATION 

Section 6.01. The amount of Deferred Incentive Compensation allocated to Retirement Compensation shall correspond with the portion of
the Incentive Compensation award elected by the Participant pursuant to Section 4.01. Retirement Compensation shall be credited to the Participant on the date such amount would have been distributed to him or her if there had been no valid
deferral election by establishing an Account in the Participant's name. For each award period ending after December 31, 2007, the Participant may elect in ten (10) percent increments, the amount, if any, of Retirement Compensation to be
credited to Common Share Retirement Compensation, and the balance shall be credited to Interest Rate Retirement Compensation. 

Section 6.02. Common Share Retirement Compensation shall be converted into a number of Contingent Share Units based upon the average
of the Mean Prices for Eaton Common Shares for the twenty (20) trading days of the New York Stock Exchange during which Eaton Common Shares were traded immediately following the end of the incentive period in which the Incentive Compensation to
be deferred was earned. On each Eaton Common Share dividend payment date, Dividend Equivalents equal to the actual Eaton Common Share dividends paid shall be credited with respect to the Contingent Share Units in the Participant's Account, and shall
in turn be converted into Contingent Share Units utilizing the Mean Price for Eaton Common Shares on the dividend payment date. 

In determining the number of Contingent Share Units to be credited to a Participant, whether by reason of the conversion of Retirement
Compensation to Contingent Share Units or by reason of the conversion of Dividend Equivalents to Contingent Share Units, such number may be expressed in fractions of a Contingent Share Unit computed to the nearest tenth. The number of Contingent
Share Units credited to a Participant shall be appropriately adjusted to reflect any change in the capitalization of Eaton resulting from a stock dividend, stock split, reorganization, merger, consolidation, recapitalization, combination, exchange
of shares or any other similar events. 
 Upon any distribution of Common Share Retirement Compensation, all Contingent Share
Units standing to his or her credit which are to be distributed shall be converted to an equal number of Eaton Common Shares for distribution to the Participant in the form of Eaton Common Shares. 

Section 6.03. Upon Retirement or other Termination of Employment of a Participant or upon any other distribution of Common Share
Retirement Compensation, and after the conversion of Contingent Share Units to Eaton Common Shares as set forth in Section 6.02, distribution of such Eaton Common Shares for each Incentive Year shall be made or commence. Upon Retirement
distribution shall be made in accordance with the election made by the Participant under the terms of the Plan with respect to method of payment, with distribution made or commencing on or about March 15 of the year following the date of such
Retirement, subject to the provisions of Sections 4.06 and 9.03 to the extent applicable, provided that in the event the Participant has made no election for an Incentive Year, such amount relating to such Incentive Year shall be payable in a

  
 7 

 
single sum payment, and provided, further, that in the event of the Participant's death prior to distribution of his or her entire Account, the remaining amount shall be distributed to the
Participant's beneficiary in a single sum payment within ninety (90) days following the date of death. In the event of a Participant's Termination of Employment other than Retirement, such amount shall be paid in a single sum payment within
sixty (60) days following the date of such Termination of Employment, subject to the provisions of Section 9.03. 

There shall be computed on a quarterly basis and credited to the Participant's Account Dividend Equivalents on the unpaid amount of Common
Share Retirement Compensation until such Common Share Retirement Compensation is paid by Eaton. All credited Dividend Equivalents shall be converted to Eaton Common Shares using the method set forth in Section 6.02. 

The Eaton Common Shares credited to the Participant's Account in accordance with Section 6.02 shall be distributed to the Participant
or his Beneficiary, as the case may be, in accordance with the schedule for distribution determined under this Section 6.03, and with each Periodic Installment, if any, there shall be paid all Dividend Equivalents credited to the Participant
and then unpaid. 
 Section 6.04. Retirement Compensation not credited to Common Share Retirement Compensation shall be
credited to Interest Rate Retirement Compensation. Interest Rate Retirement Compensation shall be credited to the Interest Rate Retirement Compensation Account, which shall earn Treasury Note Based Interest, compounded quarterly, until paid.

 Section 6.05. Upon Retirement or other Termination of Employment of a Participant or upon any other distribution of
Interest Rate Retirement Compensation, distribution for each Incentive Year shall be made or commence. Upon Retirement distribution shall be made in accordance with the election made by the Participant under the terms of the Plan with respect to
method of payment, with distribution made or commencing on or about March 15 of the year following the date of such Retirement, subject to the provisions of Sections 4.06 and 9.03 to the extent applicable, provided that in the event the
Participant has made no election for an Incentive Year, such amount relating to such Incentive Year shall be payable in a single sum payment, and provided, further, that in the event of the Participant's death prior to distribution of his or her
entire Account, the remaining amount shall be distributed to the Participant's beneficiary in a single sum payment within ninety (90) days following the date of death. In the event of a Participant's Termination of Employment other than
Retirement, such amount shall be paid in a single sum payment within sixty (60) days following the date of such Termination of Employment, subject to the provisions of Section 9.03. 

Interest Rate Retirement Compensation credited to the Participant's Account in accordance with Section 6.04 shall be distributed to
the Participant or his Beneficiary, as the case may be, in accordance with the schedule for distribution determined under this Section 6.05, and with each Periodic Installment, if applicable, there shall be paid to the Participant all Treasury
Note Based Interest credited to the Participant and then unpaid. 
  

	VII.	AMENDMENT AND TERMINATION 

  
 8 

 Section 7.01. Eaton fully expects to continue the Plan but it reserves the right, at
any time or from time to time, by action of the Board Committee, to modify or amend the Plan, in whole or in part, or to terminate the Plan, in whole or in part, at any time and for any reason, including, but not limited to, adverse changes in the
federal tax laws. 
 Section 7.02. The Plan is intended to provide for the deferral of compensation in accordance with the
provisions of Section 409A of the Code and Treasury Regulations and published guidance issued pursuant thereto. Accordingly, the Plan shall be construed in a manner consistent with those provisions and may at any time be amended in the manner
and to the extent determined necessary or desirable by Eaton to reflect or otherwise facilitate compliance with such provisions with respect to amounts deferred on and after January 1, 2005, including as contemplated by Section 855(f) of
the American Jobs Creation Act of 2004. Moreover, after January 1, 2007, and on or before December 31, 2007, and to the extent permitted by the Committee in accordance with terms set forth on an election form provided by Eaton, a
Participant may make a change in a payment election as described in IRS Notice 2006-79, provided that with respect to an election to change a time and form of payment made after January 1, 2007 and on or before December 31, 2007, the
election may apply only to amounts that would not otherwise be payable in 2007 and may not cause an amount to be paid in 2007 that would not otherwise be payable in 2007. 

 

	VIII.	ADMINISTRATION 

Section 8.01. The Plan shall be administered by the Committee in accordance with rules of general application for the administration
of the Plan as the Committee may, from time to time, adopt. The Committee shall interpret the provisions of the Plan where necessary and may adopt procedures for the administration of the Plan which are consistent with the provisions of the Plan and
the rules adopted by the Committee. 
 Section 8.02. Each Participant or Beneficiary must claim any benefit to which he or
she may be entitled under the Plan by a written notification to the Committee. If a claim is denied, it must be denied within a reasonable period of time in a written notice stating the specific reasons for the denial. 

The claimant may have a review of the denial by the Committee by filing a written notice with the Committee within sixty (60) days
after the notice of the denial of his or her claim. 
 The written decision by the Committee with respect to the review must be
given within one hundred and twenty (120) days after receipt of the written request. 
  

	IX.	PAYMENTS TO PARTICIPANTS 

Section 9.01. The Board shall have the authority, in its sole discretion, to terminate the Plan and pay each Participant's entire
benefit to the Participant or, if applicable, his Beneficiary, pursuant to an irrevocable action taken by the Board within the thirty (30) days preceding or the 12 months following a Change in Control, provided that this Section 9.01 will
only apply to a payment under the Plan if all agreements, methods, programs, and other arrangements sponsored by the service recipient immediately after the time of the change in control event with respect to which deferrals of compensation are
treated as having been deferred under a single plan within the meaning of Treasury Regulation Section 1.409A-1(c)(2) are terminated and liquidated with respect to each 

  
 9 

 
Participant that experienced the change in control event, so that under the terms of the termination and liquidation all such Participants are required to receive all amounts of compensation
deferred under the terminated agreements, methods, programs, and other arrangements within 12 months of the date the service recipient irrevocably takes all necessary action to terminate and liquidate the agreements, methods, programs and other
arrangements. Solely for purposes of this Section 9.01, where the change in control event results from an asset purchase transaction, the applicable service recipient with the discretion to liquidate and terminate the agreements, methods,
programs, and other arrangements is the service recipient that is primarily liable immediately after the transaction for the payment of the deferred compensation. 
 Section 9.02. Notwithstanding any provision of the Plan to the contrary, Compensation deferred under the Plan shall not be distributed earlier than: 

 

	 	(a)	separation from service as determined by the Secretary of the Treasury (except as provided below with respect to a “specified employee” of Eaton);

  

	 	(b)	the date the Participant becomes disabled (within the meaning of Section 409A(a)(2)(C) of the Code); 

 

	 	(c)	death of the Participant; 

  

	 	(d)	a specified time (or pursuant to a fixed schedule) specified under the Plan at the date of the deferral of such compensation; 

 

	 	(e)	to the extent provided by the Secretary of the Treasury, a change in the ownership or effective control of Eaton, or in the ownership of a substantial portion of the
assets of Eaton; 

  

	 	(f)	the occurrence of an unforeseeable emergency as defined in Section 409A(a)(2)(B)(ii) of the Code; or 

 

	 	(g)	termination of the Plan as described in Section 7.01 or 9.01. 

 In the case of any Participant who is determined by Eaton to be a “specified employee” within the meaning of Section 409A of the Code and applicable Treasury regulations, distributions
shall not in any event be made or begin until the first business day of the month which is six (6) months after the date of his separation from service (or, if earlier, the date of death of the Participant) (the “permitted payment
date”). In the event any payment to a specified employee is delayed by reason of this provision, such payment (including interest or earnings otherwise credited through the permitted payment date) shall be made on such permitted payment date.

  
 10 

	X.	MISCELLANEOUS 

Section 10.01. Each Participant shall have the right, by written instruction to the Committee, on a form supplied by the Committee,
to designate one (1) or more primary and contingent beneficiaries (and the proportion to be paid to each, if more than one is designated) to receive his or her Deferred Incentive Compensation upon his or her death. Any such designation shall be
revocable by the Participant. 
 Section 10.02. All payments under the Plan shall be subject to such taxes (federal, state
or local) as may be due thereon and the determination by the Committee as to withholding with respect thereto shall be binding upon the Participant and his or her Beneficiary. 
 Section 10.03. If any Participant under the Plan is a member of the Committee, he or she shall not participate as a member of the Committee in any determination under the Plan relating to his or her
Deferred Incentive Compensation. 
 Section 10.04. All action of the Committee hereunder may be taken with or without a
meeting. If taken without a meeting, the action shall be in writing and signed by a majority of the members of the Committee and if taken with a meeting, a majority of the Committee shall constitute a quorum for any such action. 

Section 10.05. Subject to any federal statute to the contrary, no right or benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge any right or benefit under the Plan shall be void. No right or benefit hereunder shall in any manner be
liable for or subject to the debts, contracts, liabilities, or torts of the person entitled to such benefits. 

Section 10.06. The obligations of Eaton to make payments hereunder shall constitute a liability of Eaton to the Participant. Eaton
may, but shall not be required to, establish or maintain any special or separate fund, or purchase or acquire life insurance on a Participant's life, or otherwise to segregate assets to assure that such payments shall be made. 

Section 10.07. In the event that it shall be determined in accordance with any policy, program or standard adopted by Eaton that any
Incentive Compensation payable to a Participant which has been deferred under the terms of the Plan is to be restored to Eaton, the Account of such Participant shall be appropriately adjusted to eliminate such deferral, and no substitution shall be
provided. 
 Section 10.08. The Plan shall not be deemed to constitute a contract of employment between Eaton and a
Participant. Neither shall the execution of the Plan nor any action taken by Eaton pursuant to this Plan be held or construed to confer on a Participant any legal right to be continued as an employee of Eaton, in an executive position or in any
other capacity with Eaton whatsoever. 

  
 11 

 Section 10.09. Obligations incurred by Eaton pursuant to the Plan shall be binding upon
and inure to the benefit of Eaton, its successors and assigns, and the Participant or his or her Beneficiary. 

Section 10.10. The Plan shall be construed and governed in accordance with the law of the State of Ohio. 

Section 10.11. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender, and the singular
may include the plural, unless the context clearly indicates to the contrary. 
 Section 10.12. All headings used in the
Plan are for convenience of reference only and are not part of the substance of the Plan. 
 Section 10.13. The Plan was
adopted by the Board on December 8, 2004, effective January 1, 2005, and is amended and restated effective January 1, 2008, as set forth herein. 
 APPROVAL AND ADOPTION 
 The Eaton Corporation Deferred Incentive Compensation Plan II, as amended
and restated in the form attached hereto, is hereby approved and adopted. 
  

							
		 		 		 	Date: October 27, 2007
	Name	 		 		 	
				
		 		 		 	
	Title	 		 		 	
				
		 		 		 	
	Name	 		 		 	
				
		 		 		 	
	Title	 		 		 	

 EXECUTION COPY 
 FIRST AMENDMENT 
 TO 

EATON CORPORATION DEFERRED INCENTIVE COMPENSATION PLAN II 
 (January 1, 2008 Restatement) 
 WHEREAS, Eaton Corporation (the
“Company”) maintains in effect the Eaton Corporation Deferred Incentive Compensation Plan II under a January 1, 2008 Restatement, as amended (the “Plan”); and 

WHEREAS, the Company reserves the right to amend the Plan; and 

WHEREAS, the Company wishes to amend the Plan in order to reflect the corporate restructuring of Eaton Corporation pursuant to
which common shares of Eaton Corporation will be converted into ordinary shares of Eaton Corporation plc. 
 NOW THEREFORE,
the Plan is amended, effective as of the Merger Effective Time described in the Transaction Agreement dated May 21, 2012, as amended by Amendment No. 1 to the Transaction Agreement, dated June 22, 2012, and Amendment No. 2 to
the Transaction Agreement, dated October 19, 2012, between Cooper Industries plc, Eaton Corporation, Abeiron Limited, Comdell Limited, Turlock B.V., and Turlock Corporation, to provide as follows: 

1. The definition of “Board” in Article III of the Plan is hereby amended in its entirety to read as follows: 

BOARD: The Board of Directors of Eaton Corporation plc. 
 2. The definition of “Change in Control” is hereby amended by replacing “Eaton” with “Eaton Corporation plc” in each place “Eaton” appears. 

3. The definition of “Committee” in Article III of the Plan is hereby amended in its entirety to read as follows: 

COMMITTEE: The Management Compensation Committee of Eaton Corporation plc. 

 4. The definition of “Eaton Common Shares” in Article III of the Plan is hereby
amended in its entirety to read as follows: 
 EATON COMMON SHARES: Ordinary shares, nominal value of $0.01 per share in
Eaton Corporation plc. 
 5. Section 4.04 of the Plan is amended by replacing “Moreover” with “However”
in the one place “Moreover” is referenced. 
 6. The second paragraph of Section 6.02 of the Plan is hereby
amended by (x) replacing “stock” with “shares” in the two places “stock” appears and (y) replacing “Eaton” with “Eaton Corporation plc” in the one place “Eaton” appears.

 7. Article X of the Plan is hereby amended by the addition of a new Section 10.14 to read as follows: 

Section 10.14. Notwithstanding any other provision of this Plan, (a) Eaton Corporation plc shall not be obliged to issue
any shares pursuant to an award unless at least the par value or nominal value of such newly issued share has been fully paid in advance in accordance with applicable law (which requirement may mean the holder of an award is obliged to make such
payment) and (b) Eaton Corporation plc shall not be obliged to issue or deliver any shares in satisfaction of awards until all legal and regulatory requirements associated with such issue or delivery have been complied with to the satisfaction
of the Committee. 
 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed
through duly authorized persons on this 29th day of
November, 2012. 
  

			
	EATON CORPORATION
		
	By:	 	 /s/ Thomas E. Moran

		
	Title:	 	 Senior Vice President and Secretary

  
 2

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