Document:

Exhibit
10.8

 

Tyco Electronics Ltd.

2007 Stock and Incentive Plan

TERMS AND CONDITIONS

OF

RESTRICTED UNIT AWARD

RESTRICTED UNIT AWARD
made as of July 2, 2007.

1.             Grant of
Award.  Tyco Electronics Ltd.
(“the Company”) has granted you Restricted Units, the amount of which is set
forth in a separate grant notification letter (“Grant Letter”), subject to the
provisions of this Award Agreement.  The
Company will hold the Restricted Units in a bookkeeping account on your behalf
until they become payable or are forfeited or cancelled.

2.             Payment
Amount.  Each Restricted Unit
represents one (1) Share of Common Stock.

3.             Form of
Payment.  Vested Restricted
Units will be redeemed solely for Shares, subject to Section 15.

4.             Time of
Delivery.  Except as otherwise
provided for in this Award Agreement, all vested Restricted Units and Dividend
Equivalent Units shall be delivered to participants as soon as is
administratively feasible following the Normal Vesting of the award.

5.             Dividends.  Restricted Units are a promise to deliver
Common Stock upon vesting.  For each
Restricted Unit that is unvested, you will be credited with a Dividend
Equivalent Unit (DEU) for any cash or stock dividends distributed by the
Company on Company Common Stock.  DEUs
will be calculated at the same dividend rate paid to other holders of Common
Stock.  DEUs will vest and be delivered
in accordance with the vesting and payment schedules applicable to the
underlying Units.

6.             Normal
Vesting.  Except in the event of your Normal Retirement
(Termination of Employment on or after age 60 if the sum of your age and years
of service is at least 70), Retirement (Termination of Employment on or after
age 55 if the sum of your age and years of service is at least 60), Termination
of Employment, Death or Disability or a Change in Control, all restrictions on
the Restricted Units will lapse in installments as follows: one half (1/2) of
the Shares specified in your Grant Letter, three (3) years from the Grant Date;
and the remaining one half (1/2), four (4) years from the Grant Date.  Your vested right will be calculated on the
anniversary of the Grant Date.  No credit
will be given for periods following Termination of Employment, except as
specifically provided herein.

7.             Termination of Employment. 
Any Restricted Units that have not vested as of your Termination of
Employment, other than as set forth in paragraphs 8, 9, 10 and
11 will immediately be forfeited, and your rights with respect to
those Restricted Units will end.

 

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8.             Death or
Disability.  If your Termination
of Employment is as a result of your Death or Disability, your Award will
immediately become fully vested.  Such
vested Restricted Units will be delivered as soon as is administratively
possible upon your Termination of Employment. 
If you are deceased, the Company will make a payment to your estate
immediately after the Committee or its designee has determined that the payee
is the duly appointed executor or administrator of your estate.

9.             Retirement.  If upon grant of the Restricted Units, you
are, or will become within the Normal Vesting period, eligible for Retirement
or Normal Retirement, then different vesting and delivery rules may apply to
your Restricted Units.  Termination of
Employment as a result of your Retirement (as defined in paragraph 6) or Normal
Retirement (as defined in paragraph 6) within 24
months of the Grant Date will result in the forfeiture of your Restricted
Units, except as otherwise provided for in paragraphs 8, 10, and 11.  If you remain employed with the Company for a
period of 24 months after the grant of the Restricted Units then the vesting of
your Restricted Units shall accelerate on the following terms:

(a) Retirement:  Once you have satisfied the 24 month
employment requirement following the date of grant of the Restricted Units,
upon becoming Retirement eligible, your Restricted Units will vest pro rata
rounded down to the nearest Unit (in full-month increments) each month based
on (i) the number of whole months that you have completed from Grant Date through the end of the
current month, over the original number of months of the vesting period, times
(ii) the total number of Units awarded under the Grant minus (iii) the number
of Units previously vested under the Normal Vesting terms;

(b)  Normal Retirement:  Once
you have satisfied the 24 month employment requirement following the date of
grant of the Restricted Units, upon becoming normal retirement eligible, your
Restricted Units will immediately be fully vested.

In the case of
Retirement and Normal Retirement eligible participants, the Restricted Units
will be delivered upon the earlier of: (1) termination from service, which
qualifies as a Retirement or Normal Retirement, or (2) the normal delivery
schedule in paragraph 4.

10.           Change in Control.  If your employment is terminated following a
Change in Control, as defined in the Plan, your Restricted Units will
immediately become fully vested and delivered, provided that:

(a) your employment is
terminated by the Company or a Subsidiary for any reason other than Cause,
Disability or Death in the twelve-month period following the Change in Control;
or

(b) you terminate your
employment with the Company or your employing Subsidiary within the
twelve-month period following the Change in Control as a result of, and within
180 days following, the occurrence of one of the following events:

i.      the Company or your employing Subsidiary (1) assigns or causes to be
assigned to you duties inconsistent in any material respect with your position
as in effect immediately prior to the Change in Control; (2) makes or causes to
be

 

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made any material adverse
change in your position, authority, duties or responsibilities; or (3) takes or
causes to be taken any other action which, in your reasonable judgment, would
cause you to violate your ethical or professional obligations (after written
notice of such judgment has been provided by you to the Company and the Company
has been given a 15-day period within which to cure such action), or which
results in a significant diminution in such position, authority, duties or
responsibilities; or

ii.   the Company or your employing subsidiary, without your consent, (1)
requires you to relocate to a principal place of employment more than fifty
(50) miles from your existing place of employment; or (2) reduces your base
salary, annual bonus, or retirement, welfare, stock incentive, perquisite (if
any) and other benefits taken as a whole.

11.           Termination of Employment
as a Result of Divestiture or Outsourcing. If your Termination of
Employment is as a result of a Disposition of Assets, Disposition of a
Subsidiary or Outsourcing Agreement, your Restricted Unit Award will vest pro
rata (in full-month increments) and will be delivered immediately.  The pro rated vesting will be based on
(i) the number of whole months that you have completed from Grant Date through the closing date
of the applicable transaction over the original number of months of the vesting
period, times (ii) the total number of shares awarded under the Grant minus
(iii) the number of shares previously vested under the Normal Vesting terms.

Notwithstanding the
foregoing, you shall not be eligible for such pro-rata vesting if, (i) your
Termination of Employment occurs on or prior to the closing date of such
Disposition of Assets or Disposition of a Subsidiary, as applicable, or on such
later date as is specifically provided in the applicable transaction agreement
or related agreements, or on the effective date of such Outsourcing Agreement
applicable to you (the “Applicable Employment Date”), and (ii) you are offered
Comparable Employment with the buyer, successor company or outsourcing agent,
as applicable, but do not commence such employment on the Applicable Employment
Date.

For the purposes of this Section 11, (a) “Comparable
Employment” shall mean employment at a base salary rate and bonus target that
is at least equal to the base salary rate and bonus target in effect
immediately prior to your termination of employment and at a location that is
no more than 50 miles from your job location in effect immediately prior to
your termination of employment; (b) “Disposition of Assets” shall mean the
disposition by the Company or a Subsidiary of all or a portion of the assets
used by the Company or Subsidiary in a trade or business to an unrelated
corporation or entity;  (c) “Disposition
of a Subsidiary” shall mean the disposition by the Company or a Subsidiary of
its interest in a subsidiary or controlled entity to an unrelated individual or
entity, provided that such subsidiary or entity ceases to be an affiliated

 

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company as a result of such disposition; and (d) “Outsourcing
Agreement” shall mean a written agreement between the Company or a Subsidiary
and an unrelated third party (“Outsourcing Agent”) pursuant to which the
Company transfers the performance of services previously performed by employees
of the Company or Subsidiary to the Outsourcing Agent, and the Outsourcing
Agreement includes an obligation of the Outsourcing Agent to offer employment
to any employee whose employment is being terminated as a result of or in
connection with said Outsourcing Agreement.

12.           Withholdings.  The Company will have the right, prior to any
issuance or delivery of Shares on your Restricted Units, to withhold or require
from you the amount necessary to satisfy applicable tax requirements, as
determined by the Committee.  If you have
not satisfied your tax withholding requirements in a timely manner, the Company
will have the right to sell the number of shares necessary to satisfy such
requirements.

13.           Transfer of Award.  You may not transfer any interest in
Restricted Units except by will or the laws of descent and distribution.  Any other attempt to dispose of your interest
in Restricted Units will be null and void.

14.           Covenant; Forfeiture of
Award; Agreement to Reimburse Company.

(a)           If you have been
terminated for Cause, any unvested restricted units shall be immediately
rescinded and, in addition, you hereby agree and promise immediately to deliver
to the Company the number of Shares (or, in the discretion of the Committee,
the cash value of said shares) you received for Restricted Units that vested
during the period six (6) months prior to your Termination of Employment
through the date of Termination of Employment.

(b)           If, after your
Termination of Employment, the Committee determines in its sole discretion that
while you were a Company or Subsidiary employee you engaged in activity that
would have constituted grounds for the Company or Subsidiary to terminate your
employment for Cause, then you hereby agree and promise immediately to deliver
to the Company the number of Shares (or, in the discretion of the Committee,
the cash value of said shares) you received for Restricted Units that vested
during the period six (6) months prior to your Termination of Employment
through the date of Termination of Employment.

(c)           If the Committee
determines, in its sole discretion, that at any time after your Termination of
Employment and prior to the second anniversary of your Termination of
Employment you (i) disclosed business confidential or proprietary information
related to any business of the Company or Subsidiary or (ii) have entered into
an employment or consultation arrangement (including any arrangement for
employment or service as an agent, partner, stockholder, consultant, officer or
director) with any entity or person engaged in a business and (A) such
employment or consultation arrangement would likely (in the Committee’s sole
discretion) result in the disclosure of business confidential or proprietary
information related to any business of the Company or a Subsidiary to a
business that is competitive with any Company or Subsidiary business as to
which you have had access to business strategic or confidential information,
and  (B) the Committee has not approved
the arrangement in writing, then you hereby agree and promise immediately to
deliver to the Company the number of Shares (or, in the discretion of the
Committee, the cash value of said shares) you received for Restricted Units

 

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that vested during the period
six (6) months prior to your Termination of Employment through the date of
Termination of Employment.

15.           Adjustments.  In the event of any stock split, reverse
stock split, dividend or other distribution (whether in the form of cash,
Shares, other securities or other property), extraordinary cash dividend,
recapitalization, merger, consolidation, split-up, spin-off, reorganization,
combination, repurchase or exchange of Shares or other securities, the issuance
of warrants or other rights to purchase Shares or other securities, or other
similar corporate transaction or event, the Committee shall adjust the number
and kind of Shares covered by the Restricted Units and other relevant
provisions to the extent necessary to prevent dilution or enlargement of the
benefits or potential benefits intended to be provided by the Restricted Units.

16.           Restrictions on Payment of
Shares.  Payment of Shares for
your Restricted Units is subject to the conditions that, to the extent required
at the time of delivery, (a) the Shares underlying the Restricted Units will be
duly listed, upon official notice of redemption, upon the NYSE, and (b) a
Registration Statement under the Securities Act of 1933 with respect to the
Shares will be effective.  The Company
will not be required to deliver any Common Stock until all applicable federal
and state laws and regulations have been complied with and all legal matters in
connection with the issuance and delivery of the Shares have been approved by
counsel of the Company.

17.           Disposition of Securities.  By accepting the Award, you acknowledge that
you have read and understand the Company’s insider trading policy, and are
aware of and understand your obligations under federal securities laws in
respect of trading in the Company’s securities. 
The Company will have the right to recover, or receive reimbursement
for, any compensation or profit realized on the disposition of Shares received
for Restricted Units to the extent that the Company has a right of recovery or
reimbursement under applicable securities laws.

18.           Plan Terms Govern.  The redemption of Restricted Units, the
disposition of any Shares received for Restricted Units, and the treatment of
any gain on the disposition of these Shares are subject to the terms of the
Plan and any rules that the Committee may prescribe.  The Plan document, as may be amended from
time to time, is incorporated into this Award Agreement.  Capitalized terms used in this Award
Agreement have the meaning set forth in the Plan, unless otherwise stated in
this Award Agreement.  In the event of
any conflict between the terms of the Plan and the terms of this Award
Agreement, the Plan will control.  By
accepting the Award, you acknowledge receipt of the Plan and the prospectus, as
in effect on the date of this Award Agreement.

19.           Personal Data.  To comply with applicable law and to
administer the Plan and this Award Agreement properly, the Company and its
agents may hold and process your personal data and/or sensitive personal data.  Such data includes, but is not limited to,
the information provided in this grant package and any changes thereto, other
appropriate personal and financial data about you, and information about your
participation in the Plan and Shares obtained under the Plan from time to time.
 By accepting the Award, you hereby give
your explicit consent to the Company’s processing any such personal data and/or
sensitive personal data.  You also hereby
give your explicit consent to the Company’s transfer of any such personal data
and/or sensitive personal data outside the country in which you work or reside
and to the United States.

 

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The legal persons for
whom your personal data are intended include the Company and any of its
Subsidiaries (or former Subsidiaries as are deemed necessary), the outside Plan
administrator as selected by the Company from time to time, and any other
person that the Company may find in its administration of the Plan to be
appropriate.  You have the right to
review and correct your personal data by contacting your local Human Resources
Representative.  You understand that the
transfer of the information outlined here is important to the administration of
the Plan, and that failure to consent to the transmission of such information
may limit or prohibit your participation in the Plan.

20.           No Contract of Employment
or Promise of Future Grants. 
By accepting the Award, you agree to be bound by the terms and
conditions of this Award Agreement and acknowledge that the Award is granted at
the sole discretion of the Company and is not considered part of any contract
of employment with the Company or of your ordinary or expected salary or other
compensation and will not be considered as part of such salary or compensation
for purposes of any pension benefits or in the event of severance, redundancy
or resignation.  If your employment with
the Company or a Subsidiary is terminated for any reason, whether lawfully or
unlawfully, you agree that you will not be entitled by way of damages for breach
of contract, dismissal or compensation for loss of office or otherwise to any
sum, shares or other benefits to compensate you for the loss or diminution in
value of any actual or prospective rights, benefits or expectation under or in
relation to the Plan.

21.           Limitations.  Nothing in this Award Agreement or the Plan
gives you any right to continue in the employ of the Company or any of its
Subsidiaries or to interfere in any way with the right of the Company or any
Subsidiary to terminate your employment at any time.  Payment of your Restricted Units is not
secured by a trust, insurance contract or other funding medium, and you do not
have any interest in any fund or specific asset of the Company by reason of
this Award or the account established on your behalf.  You have no rights as a stockholder of the
Company pursuant to the Restricted Units until Shares are actually delivered to
you.

22.           Incorporation of Other
Agreements.  This Award
Agreement and the Plan constitute the entire understanding between you and the
Company regarding the Restricted Units. 
This Award Agreement supercedes any prior agreements, commitments or
negotiations concerning the Restricted Units.

23.           Severability.  The invalidity or unenforceability of any
provision of this award Agreement will not affect the validity or enforceability
of the other provisions of the Agreement, which will remain in full force and
effect.  Moreover, if any provision is
found to be excessively broad in duration, scope or covered activity, the
provision will be construed so as to be enforceable to the maximum extent
compatible with applicable law.

24.           Delayed Payment.  Notwithstanding anything in this Award
Agreement to the contrary, if the Employee (i) is subject to US Federal income
tax on any part of the payment of the Restricted Units, (ii) is a “specified
employee” within the meaning of section 409A(a)(2)(B) of the Internal Revenue
Code and the regulations thereunder, and (iii) is or will become eligible for
Retirement or Normal Retirement prior to the Normal Vesting of some or all of
the Restricted Units, then any payment of Restricted Units that is made on
account of his separation from

 

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service within the meaning of section 409A(a)(2)(A)(i)
of the Internal Revenue Code and the regulations thereunder shall be delayed
until six months following such separation from service.

By accepting this
Award, you agree to the following:

(i)            you have carefully read, fully
understand and agree to all of the terms and conditions described in this Award
Agreement and the Plan; and

(ii)           you understand and agree that this
Award Agreement and the Plan constitute the entire understanding between you
and the Company regarding the Award, and that any prior agreements, commitments
or negotiations concerning the Restricted Units are replaced and superseded.

You will be deemed to
consent to the application of the terms and conditions set forth in this Award
Agreement and the Plan unless you contact Tyco Electronics, Ltd., c/o Equity
Plan Administration, 1050 Westlakes Drive, Berwyn, PA 19312 in writing within
thirty (30) days of the date of this Award Agreement.  Notification of your non-consent will nullify
this grant unless otherwise agreed to in writing by you and the Company.

Thomas J. Lynch

Chief Executive Officer,

Tyco Electronics, Ltd.

 

 7Exhibit 10.9

INDEMNIFICATION AGREEMENT

THIS AGREEMENT is entered into, effective as of June 29, 2007, by and
between Tyco Electronics Limited, a Bermuda Company (the “Company”), and                              
(“Indemnitee”).

WHEREAS, it is essential to the Company to retain and attract as
directors and officers the most capable persons available;

WHEREAS, Indemnitee is a director and/or officer of the Company;

WHEREAS, both the Company and Indemnitee recognize the increased risk
of litigation and other claims currently being asserted against directors and
officers of corporations;

WHEREAS, the Bye-laws of the Company require the Company to indemnify
its directors and officers to the fullest extent permitted by law, and permit
the Company to advance expenses relating to the defense of indemnification
matters, and the Indemnitee has been serving and continues to serve as a
director and/or officer of the Company in part in reliance on the Company’s Bye-laws;

WHEREAS, the Companies Act 1981 (Bermuda) also contemplates that
contracts or other arrangements may be entered into between the Company and
members of the board of directors or others with respect to indemnification;

WHEREAS, the recognition of Indemnitee’s need for (i) substantial
protection against personal liability based on Indemnitee’s reliance upon aforesaid
Bye-laws, (ii) specific contractual assurance that the protection promised by
the Bye-laws will be available to Indemnitee (regardless of, among other
things, any amendment to or revocation of the Bye-laws or any change in the
composition of the Company’s Board of Directors or acquisition transaction
relating to the Company), the Company wishes to provide in this Agreement for
the indemnification of and the advancing of expenses to Indemnitee to the
fullest extent (whether partial or complete) permitted under law and as set
forth in this Agreement, and, to the extent insurance is maintained, to provide
for the continued coverage of Indemnitee under the Company’s directors’ and
officers’ liability insurance policies;

NOW, THEREFORE, in consideration of the above premises and of
Indemnitee continuing to serve the Company directly or, at its request, with
another Enterprise, and intending to be legally bound hereby, the parties agree
as follows:

1.             Certain
Definitions:

(a)           Affiliate:  any corporation or other person or entity
that directly, or indirectly through one or more intermediaries, controls or is
controlled by, or is under common control with, the person specified.

(b)           Board:  the Board of Directors of the Company.

(c)           Change in Control:  shall be deemed to have occurred if:

(i)            any “person,” as
such term is used in Sections 3(a)(9) and 13(d) of the Exchange Act, becomes a “beneficial
owner,” as such term is used in Rule 13d-3 promulgated under the Exchange Act,
of 50% or more of the Voting Stock (as defined below) of the Company;

(ii)           the majority of the
Board consists of individuals other than Incumbent Directors, which term means
the members of the Board on the effective date of the separation of the Company
from Tyco International Ltd., provided that any person becoming a director
subsequent to such date whose election or nomination for election was supported
by three-quarters of the directors who then comprised the Incumbent Directors
shall be considered to be an Incumbent Director;

(iii)          the Company adopts
any plan of liquidation providing for the distribution of all or substantially
all of its assets;

(iv)          all or substantially
all of the assets or business of the Company is disposed of pursuant to a
merger, consolidation or other transaction (unless the shareholders of the
Company immediately prior to such a merger, consolidation or other transaction
beneficially own, directly or indirectly, in substantially the same proportion
as they owned the Voting Stock of the Company, all of the Voting Stock or other
ownership interests of the entity or entities, if any, that succeed to the
business of the Company); or

(v)           the Company combines
with another company and is the surviving corporation but, immediately after
the combination, the shareholders of the Company immediately prior to the
combination hold, directly or indirectly, 50% or less of the Voting Stock of
the combined company (there being excluded from the number of shares held by
such shareholders, but not from the Voting Stock of the combined company, any
shares received by Affiliates of such other company in exchange for stock of
such other company).

(d)           Enterprise:  the Company and any other corporation, limited
liability company, partnership, joint venture, trust, employee benefit plan or
other enterprise of which Indemnitee is or was serving at the request of the
Company as a director, officer, trustee, general partner, managing member,
fiduciary, board of directors’ committee member, employee or agent.

(e)           Exchange Act:
 the Securities Exchange Act of 1934, as
amended.

(f)            Expenses:  any expense, liability, or loss, including
attorneys’ fees, judgments, fines, ERISA excise taxes and penalties, amounts
paid or to be paid in settlement, any interest, assessments, or other charges
imposed thereon, any federal, state, local, or foreign taxes imposed as a
result of the actual or deemed receipt of any payments under this Agreement,
and all other costs and obligations, paid or incurred in connection with
investigating, defending, prosecuting (subject to Section 2(b)), being a
witness in, participating in (including on appeal), or preparing for any of the
foregoing in, any Proceeding relating to any Indemnifiable Event.  Expenses also shall include Expenses incurred
in connection with any appeal resulting from any Proceeding,

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including without limitation the premium, security
for, and other costs relating to any cost bond, supersedeas bond, or other
appeal bond or its equivalent.

(g)           Indemnifiable Event:
 (i) any event or occurrence that takes
place either prior to or after the execution of this Agreement, related to the
fact that Indemnitee is or was a director or officer of the Company, or while a
director or officer is or was serving at the request of the Company as a
director, officer, employee, trustee, agent, or fiduciary of another foreign or
domestic corporation, partnership, limited liability company, joint venture,
employee benefit plan, trust, or other Enterprise, or was a director, officer,
employee, or agent of a foreign or domestic corporation that was a predecessor
corporation of the Company or another Enterprise at the request of such
predecessor corporation, or related to anything done or not done by Indemnitee
in any such capacity, whether or not the basis of the Proceeding is alleged
action in an official capacity as a director, officer, employee or agent or in
any other capacity while serving as a director, officer, employee, or agent of
the Company, as described above or (ii) any event or fact related to the fact
that Indemnitee is or was a director, officer, employee, trustee, agent, or
fiduciary of another foreign or domestic corporation, partnership, limited
liability company, joint venture, employee benefit plan, trust, or other
Enterprise and that related to the subject matter of the investigations
referred to in the Company’s Form 10 as filed on June 8, 2007 or any other
investigation (whether or not the Company is a target of such investigation) by
any government entity covering subject matter that is substantially similar to
the subject matter of, or arises out of, the foregoing investigations.

(h)           Independent
Counsel:  the person or body
appointed in connection with Section 3.

(i)            Proceeding:  any threatened, pending, or completed action,
suit, or proceeding or any alternative dispute resolution mechanism (including
an action by or in the right of the Company), or any inquiry, hearing, or
investigation, whether conducted by the Company or any other party, that
Indemnitee in good faith believes might lead to the institution of any such
action, suit, or proceeding, whether civil, criminal, administrative,
investigative, or other.

(j)            Reviewing Party:
 the person or body appointed in
accordance with Section 3.

(k)           Voting Stock:
 capital stock of any class or classes
having general voting power under ordinary circumstances, in the absence of
contingencies, to elect the directors (or similar function) of an Enterprise.

2.             Agreement
to Indemnify

(a)           General Agreement.
 In the event Indemnitee was, is, or
becomes a party to or witness or other participant in, or is threatened to be
made a party to or witness or other participant in, a Proceeding by reason of
(or arising in part out of) an Indemnifiable Event, the Company shall indemnify
Indemnitee from and against any and all Expenses to the fullest extent
permitted by law, as the same exists or may hereafter be amended or interpreted
(but in the case of any such amendment or interpretation, only to the extent
that such amendment or interpretation permits the Company to provide broader
indemnification rights than were permitted prior thereto).  The parties hereto intend that this Agreement
shall provide for indemnification in excess of that expressly provided by
statute, including without limitation, any

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indemnification provided by the Company’s Bye-laws,
vote of its shareholders or disinterested directors, or applicable law.

(b)           Initiation of
Proceeding.  Notwithstanding anything
in this Agreement to the contrary, Indemnitee shall not be entitled to
indemnification pursuant to this Agreement in connection with any Proceeding
initiated by Indemnitee against the Company or any director or officer of the
Company unless (i) the Company has joined in or the Board has consented to the
initiation of such Proceeding; (ii) the Proceeding is one to enforce
indemnification rights under Section 5; or (iii) the Proceeding is instituted
after a Change in Control (other than a Change in Control approved by a
majority of the directors on the Board who were directors immediately prior to
such Change in Control) and Independent Counsel has approved its initiation.

(c)           Expense Advances.
 If so requested by Indemnitee, the
Company shall advance (within five business days of such request) any and all
Expenses to Indemnitee (an “Expense Advance”); provided that, (i) such
Expense Advance shall be made only upon delivery to the Company of an
undertaking by or on behalf of the Indemnitee to repay the amount thereof if it
is ultimately determined that Indemnitee is not entitled to be indemnified by
the Company, and (ii) the Company shall not (unless a court of competent
jurisdiction shall determine otherwise) be required to make an Expense Advance
if and to the extent that the Reviewing Party has determined that Indemnitee is
not permitted to be indemnified under applicable law, and (iii) if and to
the extent that the Reviewing Party determines after payment of one or more
Expense Advances that Indemnitee would not be permitted to be so indemnified
under applicable law, the Company shall be entitled to be reimbursed by
Indemnitee (who hereby agrees to reimburse the Company) for all such amounts
theretofore paid.  If Indemnitee has
commenced or commences legal proceedings in a court of competent jurisdiction
to secure a determination that Indemnitee should be indemnified under
applicable law, as provided in Section 5, any determination made by the
Reviewing Party that Indemnitee would not be permitted to be indemnified under
applicable law shall not be binding, and Indemnitee shall not be required to
reimburse the Company for any Expense Advance until a final judicial
determination is made with respect thereto (as to which all rights of appeal
therefrom have been exhausted or have lapsed). 
Indemnitee’s obligation to reimburse the Company for Expense Advances
shall be unsecured and no interest shall be charged thereon.

(d)           Mandatory
Indemnification.  Notwithstanding any
other provision of this Agreement, to the extent that Indemnitee has been
successful on the merits or otherwise in defense of any Proceeding relating in
whole or in part to an Indemnifiable Event or in defense of any issue or matter
therein, Indemnitee shall be indemnified against all Expenses incurred in
connection therewith.

(e)           Partial
Indemnification.  if Indemnitee is
entitled under any provision of this Agreement to indemnification by the
Company for some or a portion of Expenses, but not, however, for the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the
portion thereof to which Indemnitee is entitled.

(f)            Prohibited
Indemnification.  No indemnification
pursuant to this Agreement shall be paid by the Company:

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(i)            on account of any
Proceeding in which judgment is rendered against Indemnitee for an accounting
of profits made from the purchase or sale by Indemnitee of securities of the
Company pursuant to the provision of Section 16(b) of the Exchange Act or
similar provision of any federal, state, or local laws;

(ii)           if a court of
competent jurisdiction by a final judicial determination, shall determine that
such indemnification is not permitted under applicable law;

(iii)          if the Indemnitee
has been convicted of a crime constituting a felony under the laws of the
jurisdiction where the criminal action had been brought; or

(iv)          in respect of any
fraud or dishonesty of which the Indemnitee may be guilty in relation to the
Company, provided that, notwithstanding the foregoing, the Company shall provide
Expense Advances to an Indemnitee for the costs, charges and expenses incurred
by him in defending any civil or criminal proceedings against him in respect of
an allegation of fraud or dishonesty, on condition that he shall repay the
advance if any such allegation is proved against him).

3.             Reviewing
Party.  Prior to
any Change in Control, the Reviewing Party shall be any appropriate person or
body consisting of a member or members of the Board or any other person or body
appointed by the Board who is not a party to the particular Proceeding with
respect to which Indemnitee is seeking indemnification; after a Change in
Control, the Independent Counsel referred to below shall become the Reviewing
Party.  With respect to all matters
arising after a Change in Control (other than a Change in Control approved by a
majority of the directors on the Board who were directors immediately prior to
such Change in Control) concerning the rights of Indemnitee to indemnity
payments and Expense Advances under this Agreement or any other agreement or
under applicable law or the Company’s Bye-laws now or hereafter in effect
relating to indemnification for Indemnifiable Events, the Company shall seek
legal advice only from Independent Counsel selected by Indemnitee and approved
by the Company (which approval shall not be unreasonably withheld), and who has
not otherwise performed services for the Company or the Indemnitee (other than
in connection with indemnification matters) within the last five years.  The Independent Counsel shall not include any
person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this
Agreement.  Such counsel, among other
things, shall render its written opinion to the Company and Indemnitee as to
whether and to what extent the Indemnitee should be permitted to be indemnified
under applicable law.  In doing so, the
Independent Counsel may consult with (and rely upon) counsel in any appropriate
jurisdiction (e.g., Bermuda) who would qualify as Independent Counsel (“Local
Counsel”).  The Company agrees to pay the
reasonable fees of the Independent Counsel and the Local Counsel and to
indemnify fully such counsel against any and all expenses (including attorneys’
fees), claims, liabilities, loss, and damages arising out of or relating to
this Agreement or the engagement of Independent Counsel or the Local Counsel
pursuant hereto.

 5
 

4.             Indemnification
Process and Appeal.

(a)           Indemnification
Payment.  Indemnitee shall be
entitled to indemnification of Expenses, and shall receive payment thereof,
from the Company in accordance with this Agreement as soon as practicable after
Indemnitee has made written demand on the Company for indemnification, unless
the Reviewing Party has given a written opinion to the Company that Indemnitee
is not entitled to indemnification under applicable law.

(b)           Adjudication or
Arbitration.

(i)             Regardless of any
action by the Reviewing Party, if Indemnitee has not received full
indemnification within thirty days after making a demand in accordance with
Section 4(a) (a “Nonpayment”), Indemnitee shall have the right to enforce its
indemnification rights under this Agreement by commencing litigation in any
federal or state court located in New York County, State of New York (a “New
York Court”) having subject matter jurisdiction thereof seeking an initial
determination by the court or by challenging any determination by the Reviewing
Party or any aspect thereof.  Any
determination by the Reviewing Party not challenged by Indemnitee in any such
litigation shall be binding on the Company and Indemnitee.  The remedy provided for in this Section 4
shall be in addition to any other remedies available to Indemnitee at law or in
equity.  The Company and Indemnitee hereby
irrevocably and unconditionally (A) agree that any action or proceeding arising
out of or in connection with this Agreement shall be brought only in a New York
Court and not in any other court in the United States or in any other country,
(B) consent to submit to the exclusive jurisdiction of the New York Court for
purposes of any action or proceeding arising out of or in connection with this
Agreement, (C) waive any objection to the laying of venue or any such action or
proceeding in the New York Court, and (D) waive, and agree not to plead or to
make, any claim that any such action or proceeding brought in the New York
Court has been brought in an improper or inconvenient forum.

(ii)           Alternatively, in
the case of a Nonpayment Indemnitee, at his option, may seek an award in
arbitration to be conducted by a single arbitrator pursuant to the Commercial
Arbitration Rules of the American Arbitration Association.

(iii)          In the event that a
determination shall have been made pursuant to Section 3 of this Agreement that
Indemnitee is not entitled to indemnification, any judicial proceeding or
arbitration commenced pursuant to this Section 4(b) shall be conducted in all
respects as a de novo trial, or arbitration, on
the merits, and Indemnitee shall not be prejudiced by reason of that adverse
determination.  In any judicial
proceeding or arbitration commenced pursuant to this Section 4(b) the Company
shall have the burden of proving Indemnitee is not entitled to indemnification
or advancement of Expenses, as the case maybe. 
If Indemnitee commences a judicial proceeding or arbitration pursuant to
this Section 4(b), Indemnitee shall not be required to reimburse the Company
for any advances pursuant to Section 3(c) until a final determination is made
with respect to Indemnitee’s entitlement to indemnification (as to which all
rights of appeal have been exhausted or lapsed).

 6
 

(iv)          In the event that
Indemnitee, pursuant to this Section 4(b), seeks a judicial adjudication of or
an award in arbitration to enforce his rights under, or to recover damages for
breach of, this Agreement, Indemnitee shall be entitled to recover from the
Company, and shall be indemnified by the Company against, any and all Expenses
actually and reasonably incurred by him in such judicial adjudication or
arbitration.  If it shall be determined
in said judicial adjudication or arbitration that Indemnitee is entitled to
receive part but not all of the indemnification or advancement of Expenses
sought, the Indemnitee shall be entitled to recover from the Company, and shall
be indemnified by the Company against, any and all Expenses reasonably incurred
by Indemnitee in connection with such judicial adjudication or arbitration.

(c)           Defense to
Indemnification, Burden of Proof, and Presumptions.

(i)            It shall be a
defense to any action brought by Indemnitee against the Company to enforce this
Agreement (other than an action brought to enforce a claim for Expenses
incurred in defending a Proceeding in advance of its final disposition where
the required undertaking has been tendered to the Company) that it is not
permissible under applicable law for the Company to indemnify Indemnitee for
the amount claimed.

(ii)           In connection with
any action or any determination by the Reviewing Party or otherwise as to
whether Indemnitee is entitled to be indemnified hereunder, the burden of
proving such a defense or determination shall be on the Company.

(iii)          Neither the failure
of the Reviewing Party or the Company (including its Board, independent legal
counsel, or its stockholders) to have made a determination prior to the
commencement of such action by Indemnitee that indemnification of the Indemnitee
is proper under the circumstances because Indemnitee has met the standard of
conduct set forth in applicable law, nor an actual determination by the
Reviewing Party or Company (including its Board, independent legal counsel, or
its stockholders) that the Indemnitee had not met such applicable standard of
conduct, shall be a defense to the action or created a presumption that the
Indemnitee has not met the applicable standard of conduct.

(iv)          For purposes of this
Agreement, to the fullest extent permitted by law, the termination of any
claim, action, suit, or proceeding, by judgment, order, settlement (whether
with or without court approval), conviction, or upon a plea of nolo contendere,
or its equivalent, shall not, of itself, create a presumption that Indemnitee
did not meet any particular standard of conduct or have any particular belief
or that a court has determined that indemnification is not permitted by
applicable law.

(v)           For purposes of any
determination of good faith, Indemnitee shall be deemed to have acted in good
faith if Indemnitee’s action is based on the records or books of account of any
Enterprise, including financial statements, or on information supplied to
Indemnitee by the officers of such Enterprise in the course of their duties, or
on the advice of legal counsel for such Enterprise or on information or records
given or reports made to such Enterprise by an independent certified public
accountant or by an appraiser or other expert selected by such Enterprise.  The provisions of this Section

 7
 

4(c)(v) shall not be deemed to be exclusive or to
limit in any way the other circumstances in which Indemnitee may be deemed or
found to have met the applicable standard of conduct set forth in this
Agreement.

(vi)          The knowledge and/or
actions, or failure to act, of any other director, trustee, partner, managing
member, fiduciary, officer, agent or employee of any Enterprise shall not be
imputed to Indemnitee for purposes of determining any right to indemnification
under this Agreement.

(vii)         The Company shall be
precluded from asserting in any judicial proceeding or arbitration commenced
pursuant to this Agreement that the procedures or presumptions of this
Agreement are not valid, binding and enforceable and shall stipulate in any
court or before any arbitrator that the Company is bound by all the provisions
of this Agreement.

5.             Indemnification
for Expenses Incurred in Enforcing Rights.  The Company shall indemnify Indemnitee
against any and all Expenses that are incurred by Indemnitee in connection with
any action brought by Indemnitee:

(a)           as provided in
Section 4(b)(iv), for indemnification or advance payment of Expenses by the
Company under this Agreement or any other agreement or under applicable law or
the Company’s Bye-laws now or hereafter in effect relating to indemnification
for Indemnifiable Events, and/or

(b)           for recovery under
directors’ and officers’ liability insurance policies maintained by the
Company, but only in the event that Indemnitee ultimately is determined to be
entitled to such indemnification or insurance recovery, as the case may be.  In addition, the Company shall, if so
requested by Indemnitee, advance the foregoing Expenses to Indemnitee, subject
to and in accordance with Section 2(c).

6.             Notification
and Defense of Proceeding.

(a)           Notice.  Promptly after receipt by Indemnitee of
notice of the commencement of any Proceeding, Indemnitee shall, if a claim in
respect thereof is to be made against the Company under this Agreement, notify
the Company of the commencement thereof; but the omission so to notify the
Company will not relieve the Company from any liability that it may have to
Indemnitee, except as provided in Section 6(c).

(b)           Defense.  With respect to any Proceeding as to which
Indemnitee notifies the Company of the commencement thereof, the Company will
be entitled to participate in the Proceeding at its own expense and except as
otherwise provided below, to the extent the Company so wishes, it may assume
the defense thereof with counsel reasonably satisfactory to Indemnitee.  After notice from the Company to Indemnitee
of its election to assume the defense of any Proceeding, the Company shall not
be liable to Indemnitee under this Agreement or otherwise for any Expenses
subsequently incurred by Indemnitee in connection with the defense of such
Proceeding other than reasonable costs of investigation or as otherwise
provided below.  Indemnitee shall have
the right to employ legal counsel in such Proceeding, but all Expenses related
thereto incurred after notice from the Company of its assumption of the defense
shall be

 8
 

at Indemnitee’s expense unless; (i) the employment of
legal counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee
has reasonably determined that there may be a conflict of interest between
Indemnitee and the Company in the defense of the Proceeding, (iii) after a
Change in Control (other than a Change in Control approved by a majority of the
directors on the Board who were directors immediately prior to such Change in
Control), the employment of counsel by Indemnitee has been approved by the
Independent Counsel, or (iv) the Company shall not in fact have employed
counsel to assume the defense of such Proceeding, in each of which cases all
Expense of the Proceeding shall be borne by the Company.  The Company shall not be entitled to assume
the defense of any Proceeding brought by or on behalf of the Company or as to
which Indemnitee shall have made the determination provided for in (ii), (iii)
and (iv) above.

(c)           Settlement of
Claims.  The Company shall not be
liable to indemnify Indemnitee under this Agreement or otherwise for any
amounts paid in settlement of any Proceeding effected without the Company’s
written consent, such consent not to be unreasonably withheld; provided,
however, that if a Change in Control has occurred (other than a Change in
Control approved by a majority of the directors on the Board who were directors
immediately prior to such Change in Control), the Company shall be liable for
indemnification of Indemnitee for amounts paid in settlement if the Independent
Counsel has approved the settlement.  The
Company shall not settle any Proceeding in any manner that would impose any
penalty or limitation on Indemnitee without Indemnitee’s written consent.  The Company shall not be liable to indemnify
the Indemnitee under this Agreement with regard to any judicial award if the
Company was not given a reasonable and timely opportunity, at its expense, to
participate in the defense of such action; the Company’s liability hereunder
shall not be excused if participation in the Proceeding by the Company was
barred by this Agreement.

7.             Establishment
of Trust.  In the
event of a Change in Control (other than a Change in Control approved by a
majority of the directors on the Board who were directors immediately prior to
such Change in Control) the Company shall, upon written request by Indemnitee,
create a trust for the benefit of the Indemnitee (the “Trust”) and from time to
time upon written request of Indemnitee shall fund the Trust in an amount
sufficient to satisfy any and all Expenses reasonably anticipated at the time
of each such request to be incurred in connection with investigating, preparing
for, participating in, and/or defending any Proceeding relating to an
Indemnifiable Event.  The amount or
amounts to be deposited in the Trust pursuant to the foregoing funding
obligation shall be determined by the Independent Counsel.  The terms of the Trust shall provide that (i)
the Trust shall not be revoked or the principal thereof invaded without the
written consent of the Indemnitee, (ii) the Trustee (as defined below) shall
advance, within five business days of a request by the Indemnitee, any and all
Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the
Trust under the same circumstances for which the Indemnitee would be required
to reimburse the Company under Section 2(c) of this Agreement), (iii) the Trust
shall continue to be funded by the Company in accordance with the funding
obligation set forth above, (iv) the Trustee shall promptly pay to the
Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification
pursuant to this Agreement or otherwise, and (v) all unexpended funds in the
Trust shall revert to the Company upon a final determination by the Independent
Counsel or a court of competent jurisdiction, as the case may be, that the
Indemnitee has been fully indemnified under the terms of this Agreement.  The trustee of the Trust (the “Trustee”)
shall be chosen by the Indemnitee.  Nothing
in this Section 7

 9
 

shall relieve the Company of any of its obligations
under this Agreement.  All income earned
on the assets held in the Trust shall be reported as income by the Company for
federal, state, local, and foreign tax purposes.  The Company shall pay all costs of
establishing and maintaining the Trust and shall indemnify the Trustee against
any and all expenses (including attorney’s fees), claims, liabilities, loss,
and damages arising out of or relating to this Agreement or the establishment
and maintenance of the Trust.

8.             Non-Exclusivity.
 The rights of Indemnitee hereunder shall
be in addition to any other rights Indemnitee may have under the Company’s Bye-laws,
applicable law, or otherwise; provided, however, that this Agreement shall
supersede any prior indemnification agreement between the Company and the
Indemnitee.  To the extent that a change
in applicable law (whether by statute or judicial decision) permits greater
indemnification than would be afforded currently under the Company’s Bye-laws,
applicable law, or this Agreement, it is the intent of the parties that
Indemnitee enjoy by this Agreement the greater benefits so afforded by such
change.

9.             Liability
Insurance.  To the
extent the Company maintains an insurance policy or policies providing general
and/or directors’ and officers’ liability insurance, Indemnitee shall be
covered by such policy or policies, in accordance with its or their terms, to
the maximum extent of the coverage available for any Company director or
officer.

10.          Continuation
of Contractual Indemnity or Period of Limitations.  All agreements and obligations of the Company
contained herein shall continue for so long as Indemnitee shall be subject to,
or involved in, any proceeding for which indemnification is provided pursuant
to this Agreement.  Notwithstanding the
foregoing, no legal action shall be brought and no cause of action shall be
asserted by or on behalf of the Company or any Affiliate of the Company against
Indemnitee, Indemnitee’s spouse, heirs, executors, or personal or legal
representatives after the expiration of two years from the date of accrual of
such cause of action, or such longer period as may be required by the law of
Bermuda under the circumstances.  Any
claim or cause of action of the Company or its Affiliate shall be extinguished
and deemed released unless asserted by the timely filing and notice of a legal
action within such period; provided, however, that if any shorter period of
limitations is otherwise applicable to any such cause of action, the shorter
period shall govern.

11           Contribution.  To the fullest extent permissible under
applicable law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of
indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee,
whether for judgments, fines, penalties, excise taxes, amounts paid or to be
paid in settlement and/or for Expenses, in connection with any claim relating
to an indemnifiable event under this Agreement, in such proportion as is deemed
fair and reasonable in light of all of the circumstances of such Proceeding in
order to reflect (i) the relative benefits received by the Company and
Indemnitee as a result of the event(s) and/or transaction(s) giving cause to
such Proceeding; and/or (ii) the relative fault of the Company (and its
directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s).

12.          Amendment
of this Agreement. 
No supplement, modification, or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto.  No

 10
 

waiver of any of the provisions of this Agreement
shall be binding unless in the form of a writing signed by the party against
whom enforcement of the waiver is sought, and no such waiver shall operate as a
continuing waiver.  Except, as
specifically provided herein, no failure to exercise or any delay in exercising
any right or remedy hereunder shall constitute a waiver thereof.

13.          Subrogation.  In the event of payment under this Agreement,
the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and
shall do everything that may be necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to
bring suit to enforce such rights.

14.          No
Duplication of Payments. 
The Company shall not be liable under this Agreement to make any payment
in connection with any claim made against Indemnitee to the extent Indemnitee
has otherwise received payment (under any insurance policy, Bye-laws, or
otherwise) of the amounts otherwise indemnifiable hereunder.

15.          Binding
Effect.  This
Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors (including any direct or
indirect successor by purchase, merger, consolidation, or otherwise to all or
substantially all of the business and/or assets of the Company), assigns,
spouses, heirs, and personal and legal representatives.  The Company shall require and cause any
successor (whether direct or indirect by purchase, merger, consolidation, or
otherwise) to all, substantially all, or a substantial part, of the business
and/or assets of the Company, by written agreement in form and substance
satisfactory to Indemnitee, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession had taken place.  The indemnification provided under this
Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an indemnified capacity pertaining to an Indemnifiable Event
even though he may have ceased to serve in such capacity at the time of any
Proceeding or is deceased and shall inure to the benefit of the heirs,
executors, administrators, legatees and assigns of such a person.

16.          Severability.  If any provision (or portion thereof) of this
Agreement shall be held by a court of competent jurisdiction to be invalid,
void, or otherwise unenforceable, the remaining provisions shall remain
enforceable to the fullest extent permitted by law.  Furthermore, to the fullest extent possible,
the provisions of this Agreement (including, without limitation, each portion
of this Agreement containing any provision held to be invalid, void, or
otherwise unenforceable, that is not itself invalid, void or unenforceable)
shall be construed so as to give effect to the intent manifested by the
provision held invalid, void or unenforceable.

17.          Governing
Law.  This Agreement
shall be governed by and construed and enforced in accordance with the laws of Bermuda
applicable to contracts made and to be performed in such jurisdiction without
giving effects to its principles of conflicts of laws.

18.          Notices.  All notices, demands, and other
communications required or permitted hereunder shall be made in writing and
shall be deemed to have been duly given if delivered by hand, against receipt,
or mailed, postage prepaid, certified or registered mail, return receipt
requested, and addressed to the Company at:

 11
 

Tyco Electronics Ltd.

96 Pitts Bay Road

Hamilton HM08 Bermuda

Attention: Corporate Secretary

	
  And to Indemnitee at:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  

  	
   

  

 

Notice of change of address shall be effective only when given in
accordance with this Section.  All
notices complying with this Section shall be deemed to have been received on
the date of hand delivery or on the third business day after mailing.

19.          Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as the day specified above.

	
  [COMPANY]

  
	
   

  
	
   

  
	
  By:

  	
  Tyco Electronics
  Limited

  	
   

  
	
  Its:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  INDEMNITEE

  
	
   

  
	
   

  
	
   

  	
   

  
	
  Name

  
				

 

 12

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