Document:

Exhibit 10.3

 Exhibit 10.3 
 ROCKWELL AUTOMATION, INC. 
 2008 LONG-TERM INCENTIVES PLAN

 PERFORMANCE SHARE AGREEMENT 
 (December 1, 2011) 
 To: 
 In accordance with Section 4(f) of the 2008 Long-Term Incentives Plan (the “Plan”) of Rockwell Automation, Inc. (“Rockwell Automation”),
             Performance Shares (as defined in the Plan) have been granted to you today upon the terms and conditions of this Performance Share Agreement (this
“Agreement”), subject in all respects to the provisions of the Plan, as it may be amended. Capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings ascribed to them in the Plan.

 1. Terms of Performance Shares. 
 (a) Subject to the provisions of this Section 1, you shall be eligible to receive shares of Stock or cash as determined in accordance with Section 1(f) of this Agreement in respect of the
Performance Shares subject to this Agreement (the “Performance Share Payout”) if you shall continue as an Employee from the date hereof until December 1, 2014 (the “Performance Share Period”). Except as
otherwise provided in Section 1(c) of this Agreement, payment of such shares of Stock or cash shall be paid in the calendar year in which the Performance Share Period ends. 

(b) If (i) you shall die or suffer a disability (as determined by Rockwell Automation in its sole discretion) that shall continue
for a continuous period of at least six months during the period of your continuous service as an Employee and prior to the end of the Performance Share Period; or (ii) your employment by Rockwell Automation terminates on or after the first
anniversary of the date hereof and prior to the end of the Performance Share Period by reason of your retirement (defined as termination of employment with Rockwell Automation after attaining age 65 and five (5) years of service or age 55 and
ten (10) years of service, except as otherwise determined by the Committee or the Chief Executive Officer of Rockwell Automation); then you shall be eligible to receive at the time such Performance Shares would otherwise be payable pursuant to
Section 1(a) of this Agreement a prorated portion of the Performance Share Payout in accordance with Section 1(f) of this Agreement equal to such Performance Share Payout, multiplied by the percentage of days in the Performance Share
Period during which you were an Employee. 
 (c) To the extent permitted by Section 409A and except as is necessary to
satisfy the requirements of Section 409A, the following provisions shall apply in the event of a Change of Control during the Performance Share Period: 
 (i) If during the period of your continuous service as an Employee and prior to the end of the Performance Share Period (A) a Change of Control occurs that 

 qualifies as a “409A Change of Control Event” (as defined below), (B) all Performance Shares
that are outstanding are either assumed or substituted with comparable awards with the same payment triggers by the successor corporation in such Change of Control or its parent corporation, and (C) within two years of such Change of Control
your employment is terminated (1) by reason of death or disability, (2) by you for a Change of Control Good Reason, or (3) by Rockwell Automation other than for Cause, all performance goals applicable to the Performance Shares (and to
any substituted awards) will be deemed achieved at levels in accordance with Section 1(f) of this Agreement and all other terms and conditions met; and you shall be entitled to receive promptly and in any event within ninety days following your
Separation from Service the Performance Share Payout in accordance with Section 1(f) of this Agreement. For purposes of this Agreement, a “409A Change of Control Event” means a “Change of Control Event” as defined in
Treasury Regulation Section 1.409A-3(i)(5)(i) and set forth in Treasury Regulation Section 1.409A-3(i)(5)(v)-(vii), applying the default rules and percentages set forth in such Treasury Regulation. 

(ii) If during the period of your continuous service as an Employee and prior to the end of the Performance Share Period (A) a
Change of Control occurs that qualifies as a “409A Change of Control Event” (as defined above) and (B) all Performance Shares that are outstanding are not either assumed or substituted with comparable awards with the same payment
triggers by the successor corporation in such Change of Control or its parent corporation, all performance goals applicable to the Performance Shares (and to any substituted awards) will be deemed achieved at levels in accordance with
Section 1(f) of this Agreement and all other terms and conditions met; and you shall be entitled to receive promptly and in any event within ninety days following such Change in Control the Performance Share Payout in accordance with
Section 1(e) of this Agreement. 
 (d) If you cease to be an Employee prior to satisfaction of any of the conditions set
forth in Section 1(a), 1(b) or 1(c) of this Agreement, you shall not be entitled to receive any Performance Share Payout in respect of the Performance Shares subject to this Agreement and shall have no further rights with respect to the
Performance Shares subject to this Agreement. 
 (e) For purposes of this Section 1, other than Section 1(c), if you
receive severance payments in connection with your separation from Rockwell Automation, you will be treated as not having terminated your employment with Rockwell Automation until the last date on which you are entitled to receive severance payments
from Rockwell Automation, at which time your employment by Rockwell Automation will be deemed terminated. In no event shall this Section 1(e) accelerate, extend or otherwise change the payment date in respect of the performance shares pursuant
to this Section 1. 
 (f) Subject to the provisions of this Section 1 (including, if Section 1(b) of this
Agreement is applicable, the proration requirements thereof), promptly following the end of the Performance Share Period (or promptly following a 409A Change in Control Event or Separation from Service, as the case may be, in the event
Section 1(c) of this Agreement is applicable), and in any event within the time periods set forth in Sections 1(a), 1(b), and 1(c) of this Agreement, the number of shares of Stock (or the amount of cash) payable to you in respect of the
Performance Shares subject to this Agreement shall be determined by 

  
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multiplying (i) the number of Performance Shares subject to this Agreement by (ii) the applicable percentage determined by the Committee in accordance with Attachment 1 hereto based on
the total shareowner return of Rockwell Automation Common Stock, assuming reinvestment of all dividends, for the period from October 1, 2011 to September 30, 2014; provided, however, that if Section 1(c) of this Agreement is
applicable, the percentage under this Section 1(f)(ii) shall be deemed to be 100%. In determining such total shareowner return, the price of the Stock on each of the first and last dates of such three-year period will be determined by using the
average of the daily closing prices per share of the Stock as reported on the New York Stock Exchange Composite Transactions Reporting System for the 20 trading days immediately preceding such date. Any payout in respect of Performance Shares
subject to this Agreement may be in Stock, in cash or partly in Stock and partly in cash, as the Committee may determine. Any cash amounts payable pursuant to this Section 1(f) will be calculated based upon the Fair Market Value of the Stock on
the trading day immediately preceding the payout date (or such other date as the Committee shall determine in its sole discretion). 
 2.
Delivery of Shares or Cash. 
 As promptly as practicable after (i) shares of Stock or cash have been determined by
the Committee to be payable in accordance with Section 1 of this Agreement in respect of the Performance Shares subject to this Agreement and (ii) Rockwell Automation has been reimbursed for all required withholding taxes in respect of the
Stock and/or cash payable in respect of such Performance Shares, and in accordance with the time periods set forth in Section 1 of this Agreement, Rockwell Automation shall deliver to you (or in the event of your death, to your estate or any
person who acquires your interest in such Performance Shares by bequest or inheritance) shares of Stock, cash or a combination thereof, as shall be determined by the Committee, in respect of such Performance Shares. 

3. Forfeiture of Performance Shares. 
 Notwithstanding any other provision of this Agreement, if at any time it shall become impossible for you to receive any Performance Share Payout in respect of the Performance Shares subject to this
Agreement, all such Performance Shares shall be forfeited, and you shall have no further rights of any kind or nature with respect thereto. 

4. Adjustments. 
 If
there shall be any change in or affecting shares of Stock on account of any stock dividend or split, merger or consolidation, reorganization (whether or not Rockwell Automation is a surviving corporation), recapitalization, reorganization,
combination or exchange of shares or other similar corporate changes or an extraordinary dividend in cash, securities or other property, there shall be made or taken such amendments to this Agreement or the Performance Shares subject to this
Agreement as the Board of Directors may deem appropriate under the circumstances. 

  
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 5. Transferability. 
 This grant is not transferable by you otherwise than by will or by the laws of descent and distribution, and the Stock and/or cash payable in respect of the Performance Shares subject to this Agreement
shall be deliverable, during your lifetime, only to you. 
 6. Withholding. 

Rockwell Automation shall have the right, in connection with the delivery of any shares of Stock or cash in respect of the Performance
Shares subject to this Agreement, (i) to deduct from any payment otherwise due by Rockwell Automation to you or any other person receiving delivery of such shares or cash an amount equal to any taxes required to be withheld by law with respect
to such delivery, (ii) to require you or any other person receiving such delivery to pay to it an amount sufficient to provide for any such taxes so required to be withheld, or (iii) to sell such number of shares of Stock as may be
necessary so that the net proceeds of such sale shall be an amount sufficient to provide for any such taxes so required to be withheld. 
 7.
No Acquired Rights. 
 You acknowledge, agree and consent that: (a) subject to Section 409A, the Plan is
discretionary and Rockwell Automation may amend, cancel or terminate the Plan at any time; (b) the grant of the Performance Shares subject to this Agreement is a one-time benefit offered to you and does not create any contractual or other right
for you to receive any grant of performance shares or benefits under the Plan in the future; (c) future grants, if any, shall be at the sole discretion of Rockwell Automation, including, but not limited to, the timing of any grant, the number
of shares and forfeiture provisions; and (d) your participation in the Plan is voluntary. 
 8. Applicable Law. 

This Agreement and Rockwell Automation’s obligation to deliver the Stock and/or cash payable in respect of the Performance Shares
subject to this Agreement shall be governed by and construed and enforced in accordance with the laws of Delaware and the Federal law of the United States. 
 9. 409A 
 This Agreement is intended to comply with Section 409A and,
to the maximum extent permitted, this Agreement will be interpreted in accordance with such intention. Notwithstanding any other provision of this Agreement to the contrary, the Company makes no representation that this Plan or any amounts payable
under this Agreement will be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to this Agreement. For purposes of this Agreement, any reference to “termination of employment”,
“termination” or similar reference, shall be deemed to refer to “separation from service” within the meaning of Section 409A. 

  
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 To the extent that any amount payable under this Agreement constitutes an amount payable or
benefit to be provided under a “nonqualified deferred compensation plan” (as defined in Section 409A) that is not exempt from Section 409A, and such amount is payable as a result of a Separation from Service and you are a
“specified employee” (as defined and determined under Section 409A and any relevant procedures that Rockwell Automation may establish) at the time of your Separation from Service, then, notwithstanding any other provision in this
Agreement to the contrary, such payment will not be made to you until the day after the date that is six (6) months following your Separation from Service, at which time all payments that otherwise would have been paid to you under this
Agreement during that six-month period, but were not paid because of this paragraph, will be paid in a single lump sum. This six-month delay will cease to be applicable in the event of your death. 

10. Entire Agreement. 

This Agreement and the Plan embody the entire agreement and understanding between Rockwell Automation and you with respect to the
Performance Shares subject to this Agreement, and there are no representations, promises, covenants, agreements or understandings with respect to such Performance Shares other than those expressly set forth in this Agreement and the Plan. In the
event of any conflict between this Agreement and the Plan, the terms of the Plan shall govern, except with respect to terms required to achieve compliance with Section 409A. 

 

			
	ROCKWELL AUTOMATION, INC.
		
	By:	 	
		 	Douglas M. Hagerman
		 	Senior Vice President,
		 	General Counsel and Secretary

  

	
	Attachment 1 — Matrix
	
	Dated:            
	  
 Agreed to this
             day of             ,
20            

	
	  

	Name:

  
 5Form for Restricted Stock Award Notice

 Exhibit 10.1 
 PLANAR SYSTEMS, INC. 
 RESTRICTED STOCK UNIT AWARD NOTICE 

2009 INCENTIVE PLAN 
 Planar Systems, Inc. (the “Company”) hereby grants to you a Restricted Stock Unit Award (the “Award”). The Award is subject to all the terms and conditions
set forth in (i) this Restricted Stock Unit Award Notice (the “Award Notice”), (ii) the Restricted Stock Unit Award Agreement and (iii) the Company’s 2009 Incentive Plan (the
“Plan”), which are available as provided below and incorporated into the Award Notice in their entirety. 
  

					
	Participant:	 	  
	 	 
			
	Grant Date:	 	October 1, 2011	 	
			
	Number of Restricted Stock Units:	 		 	
		 	  
	 	

 Vesting Commencement Date and Vesting Schedule: 
 The number of Restricted Stock Units that vest and become payable and the timing of the vesting will depend on achievement of certain performance goals attached to this Award Notice as Exhibit A.
Unless the Committee determines otherwise, any Restricted Stock Units that do not vest by the date that is five years after the grant date shall be forfeited on that date, and that portion of the Award will terminate. 

Additional Terms/Acknowledgement: You acknowledge receipt of, and understand and agree to, the Award Notice, the Restricted Stock Unit Award
Agreement and the Plan. You further acknowledge that as of the Grant Date, the Award Notice, the Restricted Stock Award Agreement and the Plan set forth the entire understanding between Participant and the Company regarding the Award and supersede
all prior oral and written agreements on the subject, with the exception of the following: Amended and restated Executive Employment Agreement dated September 26, 2005, between you and the Company (the “Severance Agreement”).

  

			
	 PLANAR SYSTEMS, INC.

 
 By:    
[Name]
 Its:     [Title]
	  	 PARTICIPANT
  

[Name]
 Taxpayer
ID:                                        
                                        

	 Incorporated Documents:

1. Restricted Stock Unit Award Agreement

(Attachment 1)
 2. 2009 Incentive Plan (available
on Planar
 World)
 3. Plan Summary
(available on Planar World)
	  	
Address:                        
                                         
       
  

                ___________________________________

  
 Restricted Stock Unit Award
Notice & Agreement (2009 Incentive Plan) 

 ATTACHMENT 1 
 PLANAR SYSTEMS, INC. 
 2009 INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 
 Pursuant to your Restricted Stock Unit Award Notice (the “Award Notice”) and this Restricted Stock Unit Award Agreement (this “Agreement”), Planar Systems,
Inc. (the “Company”) has granted you a Restricted Stock Unit Award (the “Award”) under its 2009 Incentive Plan (the “Plan”) for the number of Restricted Stock Units
indicated in your Award Notice. Capitalized terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 The details of the Award are as follows: 
 1. Vesting 

The Award will vest and become payable according to the vesting schedule set forth in the Award Notice (the “Vesting
Schedule”). One share of the Company’s Common Stock will be issuable for each Restricted Stock Unit that vests and becomes payable. Restricted Stock Units that have vested and are no longer subject to forfeiture according to the
Vesting Schedule are referred to herein as “Vested Units.” Restricted Stock Units that have not vested and remain subject to forfeiture under the Vesting Schedule are referred to herein as “Unvested
Units.” The Unvested Units will vest (and to the extent so vested cease to be Unvested Units remaining subject to forfeiture) and become payable in accordance with the Vesting Schedule (the Unvested and Vested Units are collectively
referred to herein as the “Units”). As soon as practicable after Unvested Units become Vested Units, the Company will settle the Vested Units by issuing to you one share of the Company’s Common Stock for each Vested
Unit. The Award will terminate and the Units will be subject to forfeiture upon your Termination of Service as set forth in Section 2. 

2. Termination of Award upon Termination of Service 
 Unless the Plan Administrator determines otherwise prior to your Termination of Service, upon your Termination of Service any portion of the Award that has not vested as provided in Section 1 will
immediately terminate and all Unvested Units shall immediately be forfeited without payment of any further consideration to you. 

  

 3. Securities Law Compliance 

3.1 You represent and warrant that you (a) have been furnished with a copy of the Plan and all information which you deem
necessary to evaluate the merits and risks of receipt of the Award, (b) have had the opportunity to ask questions and receive answers concerning the information received about the Award and the Company, and (c) have been given the
opportunity to obtain any additional information you deem necessary to verify the accuracy of any information obtained concerning the Award and the Company. 
 3.2 You hereby agree that you will in no event sell or distribute all or any part of the shares of the Company’s Common Stock that you receive pursuant to settlement of this Award (the
“Shares”) unless (a) there is an effective registration statement under the Securities Act and applicable state securities laws covering any such transaction involving the Shares or (b) the Company receives an
opinion of your legal counsel (concurred in by legal counsel for the Company) stating that such transaction is exempt from registration or the Company otherwise satisfies itself that such transaction is exempt from registration. You understand that
the Company has no obligation to you to maintain any registration of the Shares with the SEC and has not represented to you that it will so maintain registration of the Shares. 

3.3 You confirm that you have been advised, prior to your receipt of the Shares, that neither the offering of the Shares nor any
offering materials have been reviewed by any administrator under the Securities Act or any other applicable securities act (the “Acts”) and that the Shares cannot be resold unless they are registered under the Acts or unless
an exemption from such registration is available. 
 3.4 You hereby agree to indemnify the Company and hold it harmless
from and against any loss, claim or liability, including attorneys’ fees or legal expenses, incurred by the Company as a result of any breach by you of, or any inaccuracy in, any representation, warranty or statement made by you in this
Agreement or the breach by you of any terms or conditions of this Agreement. 
 4. Transfer Restrictions 

Units shall not be sold, transferred, assigned, encumbered, pledged or otherwise disposed of, whether voluntarily or by operation of law.

 5. No Rights as Stockholder 
 You shall not have voting or other rights as a stockholder of the Common Stock with respect to the Units. 

  
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 8. Independent Tax Advice 
 You acknowledge that determining the actual tax consequences to you of receiving or disposing of the Units and Shares may be complicated. These tax consequences will depend, in part, on your specific
situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. You are aware that you should consult a competent and independent tax advisor for a full understanding of the
specific tax consequences to you of receiving the Units and receiving or disposing of the Shares. Prior to executing this Agreement, you either have consulted with a competent tax advisor independent of the Company to obtain tax advice concerning
the receipt of the Units and the receipt or disposition of the Shares in light of your specific situation or you have had the opportunity to consult with such a tax advisor but chose not to do so. 

9. Withholding 
 You are
ultimately responsible for all taxes owned in connection with this Award (e.g., at vesting and/or upon receipt of the Shares), including any domestic or foreign tax withholding obligation required by law, whether national, federal, state or local,
including FICA or any other social tax obligation (the “Tax Withholding Obligation”), regardless of any action the Company or any Related Company takes with respect to any such Tax Withholding Obligation that arises in connection with this
Award. As a condition to the issuance of Shares pursuant to this Award, you agree to make arrangements satisfactory to the Company for the payment of the Tax Withholding Obligation that arises upon receipt of the Shares or otherwise. The Company may
refuse to issue any Shares to you until you satisfy the Tax Withholding Obligation. At your request, the Company will withhold from the shares otherwise payable to you with respect to your Vested Units the number of whole shares of the
Company’s common stock required to satisfy the minimum applicable Tax Withholding Obligation, the number to be determined by the Company based on the Fair Market Value of the Company’s Common Stock on the date the Company is required to
withhold. Notwithstanding the forgoing, to the maximum extent permitted by law, the Company has the right to retain without notice from salary or other amounts payable to you, an amount sufficient to satisfy the Tax Withholding Obligation.

 10. Dividends 
 To the extent the Company pays any cash dividends with respect to shares of the Company’s Common Stock while this Award is outstanding, the Company will retain for your account an amount of cash
equal to any such dividends payable with respect to the shares covered by your Unvested Units, and such amount will be paid to you in a lump sum upon the vesting and payment of such Unvested Units in accordance with this agreement, subject to any
applicable Tax Withholding Obligation. You will have no right to receive any dividend payments pursuant to this Section 10 with respect to Units that do not vest or are otherwise forfeited. 

11. General Provisions 

11.1 Assignment. The Company may assign its forfeiture rights at any time, whether or not such rights are then exercisable, to any
person or entity selected by the Company’s Board of Directors. 

  
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 11.2 No Waiver. No waiver of any provision of this Agreement will be valid unless in
writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right hereunder constitute a continuing waiver of the same or a waiver of any other right hereunder. 

11.3 Undertaking. You hereby agree to take whatever additional action and execute whatever additional documents the Company may
deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either you or the Units pursuant to the express provisions of this Agreement. 

11.4 Agreement Is Entire Contract. This Agreement (together with [the Severance Agreement (as defined in the Award Notice))
constitutes the entire contract between the parties hereto with regard to the subject matter hereof. This Agreement is made pursuant to the provisions of the Plan and will in all respects be construed in conformity with the express terms and
provisions of the Plan. 
 11.5 Successors and Assigns. The provisions of this Agreement will inure to the benefit of,
and be binding on, the Company and its successors and assigns and you and your legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person will have become a party to this
Agreement and agreed in writing to join herein and be bound by the terms and conditions hereof. 
 11.6 No Employment or
Service Contract. Nothing in this Agreement will affect in any manner whatsoever the right or power of the Company, or a Related Company, to terminate your employment or services on behalf of the Company, for any reason, with or without Cause.

 11.7 Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an
original, but which, upon execution, will constitute one and the same instrument. 
 11.8 Governing Law. This Agreement
will be construed and administered in accordance with and governed by the laws of the State of Oregon. 

  
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