Document:

Form of Deferred Stock Unit Agreement

 Exhibit 10.2 
 DEFERRED STOCK UNIT AGREEMENT 
 UNDER THE 
 THIRD AMENDED AND RESTATED 
 ANSYS,
INC. 
 1996 STOCK OPTION AND GRANT PLAN 
  

			
	Name of Grantee:	 	[                                      
  ]
	No. of Deferred Stock Units Granted:	 	[                                      
  ]
	Grant Date:	 	[                                      
  ]

 Pursuant to the Third Amended and Restated ANSYS, Inc. 1996 Stock Option and Grant Plan (the
“Plan”) as amended through the date hereof, ANSYS, Inc. (the “Company”) hereby grants the number of Deferred Stock Units listed above (the “Award”) to the Grantee named above. Each “Deferred Stock Unit” shall
relate to one share of Common Stock par value $.01 per share (the “Stock”) of the Company, subject to the restrictions and conditions set forth herein and in the Plan. 
 1. Restrictions on Transfer of Award. The Award shall not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of by the
Grantee, until shares of Stock have been issued pursuant to Section 3 hereof. 
 2. Vesting of Deferred Stock Units. The Deferred
Stock Units shall be fully vested upon the Grant Date specified above. 
 3. Issuance of Shares of Stock. 
 (a) Subject to the terms of the Plan and this Award, each Deferred Stock Unit entitles the Grantee to receive one share of Stock as soon as reasonably
practicable following the Settlement Date. The “Settlement Date” shall be the date of the cessation of the Grantee’s service as a director of the Company. 
 (b) As soon as reasonably practicable following the Settlement Date, but in no event later than two and one-half months after the end of the year in which the Settlement Date occurs, the Company shall direct its
transfer agent to issue to the Grantee in book entry form the number of shares of Stock equal to the number of Deferred Stock Units credited to the Grantee in satisfaction of the Award. 
 (c) Shares of Stock shall be issued and delivered to the Grantee in accordance with Section 3(b) upon compliance to the satisfaction of the
Committee with all requirements under applicable laws or regulations in connection with such issuance and with the requirements hereof and of the Plan. The determination of the Committee as to such compliance shall be final and binding on the
Grantee. 

 (d) Until such time as shares of Stock are issued to the Grantee pursuant to Section 3(b), the
Grantee shall have no rights as a stockholder with respect to any shares of Stock underlying the Deferred Stock Units, including but not limited to any voting rights, provided, however, that any dividends or other distributions paid with respect to
the shares of Stock underlying the Deferred Stock Units shall accrue and shall be converted into additional Deferred Stock Units based on the closing price of the Stock on any such distribution date and any such additional Deferred Stock Units shall
be subject to the same conditions and restrictions as are the Deferred Stock Units with respect to which they were paid. 
 (e)
Notwithstanding anything to the contrary herein or in the Plan, if the Grantee is a “key employee” (as defined in Section 416(i) of the Code, without regard to paragraph 5 thereof), any issuance of shares of Stock on account of such
Grantee’s cessation of service shall be delayed until at least six months after such cessation of service to the extent necessary to avoid any penalty taxes under Section 409A of the Code. 
 4. Incorporation of Plan. Notwithstanding anything herein to the contrary, this Award shall be subject to and governed by all the terms and
conditions of the Plan, including the powers of the Committee set forth in Section 2(b) of the Plan. Capitalized terms in this Award shall have the meaning specified in the Plan, unless a different meaning is specified herein. 
 5. Transferability of this Award. This Award is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of
law or otherwise, other than by will or the laws of descent and distribution. 
 6. Miscellaneous. 
 (a) Notice hereunder shall be given to the Company at its principal place of business, and shall be given to the Grantee at the address set forth below,
or in either case at such other address as one party may subsequently furnish to the other party in writing. 
 (b) This Award does not
confer upon the Grantee any rights with respect to continuation of service as a director of the Company. 
  

					
		 	ANSYS, INC.
			
	Dated:                         	 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

 2 

 The foregoing Award is hereby accepted and the terms and conditions thereof hereby
agreed to by the undersigned. 
  

			
	Dated:                             	  	GRANTEE
		
		  	  

		  	[                                       
 ]
		
		  	Grantee’s Address:
		
		  	  

		  	  

		  	  

  

 3Management Incentive Plan

 Exhibit 10.1 
 ENERSYS MANAGEMENT INCENTIVE PLAN (“Plan”) 
 Fiscal Year 2007 
 1. Plan Objectives 
  

	 	•	 	Provide an incentive program that encourages executives, senior managers and operating managers to embrace our corporate vision. 

  

	 	•	 	Provide an incentive program to drive all participants to achieve corporate goals by all working together as one company team. 

  

	 	•	 	Provide participants with an opportunity to earn bonus compensation for outstanding corporate financial performance. 

  

	 	•	 	Provide focused attention on the most important measures of business success. 

 2. Plan Term 
 The Plan will commence on the first day of the 2007 Fiscal Year (April 1, 2006) and end on the last day of the Fiscal Year
(March 31, 2007). 
 3. Plan Eligibility 
 It is intended
that those who participate are executives, senior managers and operating managers whose decisions and performance directly impact the overall corporate success of EnerSys. 
 4. Performance Measures 
 The Plan is based on two corporate performance measures, one of which is related to
corporate profitability and one of which is related to our indebtedness. These measures are the same for all participants in the Plan. 

 5. Payout Ranges 
 The
payout ranges from 15% to 100% of base salary for our Chief Executive Officer, and from 9% to 60% of base salary for our other executive officers (the “NEOs”) if the minimum and maximum targets, respectively, are achieved. Our CEO and NEOs
can earn an additional 70% and 42%, respectively, of their respective base salaries if our corporate profitability exceeds the base target and meets “stretch” targets set by our Compensation Committee. The payout range for other
participants is dependent upon such participant’s level of responsibility in the Company. 

 Plan Rules and Administration 
 1. Payment Qualifications 
 a. Eligibility 
 To be eligible for any payment due under the Plan, a participant must be employed by the company on the payment date (normally during June of the
following fiscal year, except as otherwise provided below). 
 b. Partial Year Participants 
 Existing and new employees who join the Plan after the start of the fiscal year will be eligible for any payment due under the Plan based on a pro rata
amount. This will be based on the participant’s base salary for the portion of the year employed. 
 If a participant leaves after the
year-end but before the payment date as a result of retirement at normal retirement age, early retirement, ill health/disability retirement or redundancy, they will be eligible for any payment under the Plan on the normal payment date. 

If a participant leaves for any other reason after the year-end but before the payment date, any payment under the Plan will be at the sole discretion
of the Chairman, President and CEO. 
 Participants who terminate employment during the Plan year will not be eligible for payments unless
termination was caused by: retirement at normal retirement age, early retirement with company consent, ill health/disability retirement or redundancy. In such cases, pro rata awards will be at the sole discretion of the Chairman, President and CEO
and will be made based on the number of complete months worked during the Plan year. 
 2. Payment Terms and Timing 
 Any bonus earned will be paid as soon as practical after the fully audited annual results of the Company have become available (normally during June). The actual bonus
paid to a participant is based upon the participant’s base earnings during the Plan year. The participant will be liable for any personal tax due or other statutory payments due on any part of the incentive. 
 3. Plan Framework 
 Any “windfall” impacts, either adverse
or positive, will be excluded from the calculations. The decision of the Compensation Committee, in the case of the CEO and other executive officers, and at the sole discretion of the CEO, in the case of all other Plan participants as to
“windfall” will be final. 

 4. Plan Interpretation 
 Any questions or disputes concerning the Plan rules, interpretation of the rules, or any other issues pertaining to the Plan, will be determined by the Compensation Committee in the case of our CEO and other executive officers, and the
Chairman, President and CEO in the case of other Plan Participants, whose decision will be final and binding. All awards under the Plan are solely at the discretion of the Compensation Committee in the case of our CEO and other executive officers,
and our Chairman, President and CEO in the case of the other Plan Participants. 
 5. Participation 
 Notwithstanding the terms of the Plan and the information contained herein, an employee’s participation in the Plan, and the award of bonus thereunder is completely
within the discretion of our Compensation Committee in the case of our CEO and other executive officers, and our Chairman, President and CEO in the case of the other Plan Participants. The Plan is not contractual and does not constitute an
employment contract, and the terms of the Plan are subject to change at any time at the sole discretion of the Compensation Committee of the Board of Directors.

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