Document:

exv10w43

 

EXHIBIT 10.43

THIRD AMENDMENT TO ESCO TECHNOLOGIES INC.

DIRECTORS’ EXTENDED COMPENSATION PLAN

     WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. Director’s
Extended Compensation Plan (“Plan”); and

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

     WHEREAS, the Company desires to amend the Plan effective as of December 31, 2007;

     NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended by adding the following
sentence at the end Paragraph 3 of Section III:

Any election to receive the actuarial equivalent of the entire benefit in a lump
sum, or revocation of such election, that is made by a Director whose annual benefit
under Paragraph 1 of Section III has increased since December 31, 2004 (i) shall, if
made before January 1, 2008, apply only to amounts that would not otherwise be
payable in 2007 and may not cause an amount to be paid in 2007 that would not
otherwise be payable in 2007, or (ii) shall, if made after December 31, 2007, be
made at least one year prior to the date payment of a lump sum or quarterly
installments would otherwise be made or commence, and payment or commencement of
such annual benefit shall (except in the case of the death of the director) be
deferred for a period of five years from the date such payment would otherwise have
been made or commenced.

     IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.exv10w44

 

EXHIBIT 10.44

SECOND AMENDMENT TO THE ESCO TECHNOLOGIES INC.

2004 INCENTIVE COMPENSATION PLAN

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. 2004 Incentive
Compensation Plan (“Plan”); and

WHEREAS, the Company retained the right to amend the Plan pursuant to Section 15 thereof; and

WHEREAS, the Company desires to amend the Plan in accordance with Section 409A of the Internal
Revenue Code of 1986, as amended;

NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:

1. The last sentence of Section 8(a) is deleted.

2. The second sentence in Section 10(b) is deleted and replaced with the following:

Any such dividend equivalents shall be paid to the participants awarded the Restricted Stock Award
at the time the shares to which the dividend equivalents apply are delivered to the participant.

IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.exv10w45

 

EXHIBIT 10.45

THIRD AMENDMENT TO THE ESCO TECHNOLOGIES INC.

2001 STOCK INCENTIVE PLAN

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. 2001 Stock Incentive
Plan (“Plan”); and

WHEREAS, the Company retained the right to amend the Plan pursuant to Section 13 thereof; and

WHEREAS, the Company desires to amend the Plan in accordance with Section 409A of the Internal
Revenue Code of 1986, as amended;

NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:

1. The last sentence of Section 8(a) is deleted.

IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.exv10w46

 

EXHIBIT 10.46

FIRST AMENDMENT TO THE ESCO TECHNOLOGIES INC.

INCENTIVE COMPENSATION PLAN FOR EXECUTIVE OFFICERS

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. Incentive
Compensation Plan for Executive Officers (“Plan”); and

WHEREAS, pursuant to Section IX, the Plan may be amended by action of the Human Resources and
Compensation Committee (“Committee”) of the Board of Directors of the Company; and

WHEREAS, the Committee desires to amend the Plan to reflect the actual administration thereof;

NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:

1. The third and fourth sentences in Section V is deleted and replaced with the following:

Such election must be made no later than the December 31st of the Fiscal Year with respect to which
the Incentive Compensation Award is granted by filing with the Executive Compensation Executive an
executed form supplied by the Company. Except in the case of hardship described below, such
election may only be revoked prior to the December 31st of the Fiscal Year with respect to which
the Incentive Compensation Award is granted.

IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October,
2007.exv10w47

 

EXHIBIT 10.47

AMENDMENT TO THE ESCO TECHNOLOGIES INC.

1999 STOCK OPTION PLAN

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. 1999 Stock Option
Plan (“Plan”); and

WHEREAS, the Company retained the right to amend the Plan pursuant to Section 16 thereof; and

WHEREAS, the Company desires to amend the Plan in accordance with Section 409A of the Internal
Revenue Code of 1986, as amended;

NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:

1. The last sentence of Section 14(a) is deleted.

IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.exv10w48

 

EXHIBIT 10.48

AMENDMENT TO THE ESCO TECHNOLOGIES INC.

SEVERANCE PLAN

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. Severance Plan
(“Plan”); and

WHEREAS, the Company retained the right to amend the Plan pursuant to Section 10(b) thereof; and

WHEREAS, the Company desires to amend the Plan to assure that benefits thereunder are not subject
to Section 409A of the Internal Revenue Code of 1986, as amended;

NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:

1. The second sentence in Section 3(c) is deleted and replaced with the following:

For the sole and exclusive purposes of this Plan, “Good Reason” shall mean:

     (i) any material failure by the Company to comply with any of the provisions of this
Plan, including but not limited to Section 9(c), other than a failure to comply with Section
2(b)(iii) solely by reason of a reduction in benefits that applies to all salaried employees
who are exempt from the wage and hour provisions of the Fair Labor Standards Act;

     (ii) the Company’s requiring the Officer to be based at any office or location other
than as provided in Section 2(a)(i);

     (iii) a material diminution in the Officer’s authority, duties or responsibilities or
his Base Salary;

provided, however, that termination of employment shall be for “Good Reason” only if (i) the
Officer provides notice to the Company of the existence of the applicable event described in
this paragraph 3(c) no later than 90 days following the initial occurrence of such event,
(ii) the Company fails to remedy such event with 30 days after receiving such notice, and
(iii) such termination occurs within two years following the initial occurrence of such
event.

2. The portion of the first sentence of paragraph 4(a) that precedes subparagraph (i) is deleted
and replaced with the following:

If, during the Employment Period, the Company shall terminate the Officer’s employment other than
for Cause or Disability, including purported termination (i.e., the Officer is placed on a terminal
leave of absence by the Company), or the Officer shall terminate employment for Good Reason:

IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.exv10w49

 

EXHIBIT 10.49

AMENDMENT TO THE ESCO TECHNOLOGIES INC.

PERFORMANCE COMPENSATION PLAN FOR CORPORATE, SUBSIDIARY

AND DIVISION OFFICERS AND KEY MANAGERS

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. Performance
Compensation Plan for Corporate, Subsidiary and Division Officers and Key Managers (“Plan”); and

WHEREAS, pursuant to Section X, the Plan may be amended by action of the Human Resources and
Compensation Committee (“Committee”) of the Board of Directors of the Company; and

WHEREAS, the Committee desires to amend the Plan to reflect the actual administration thereof and
to clarify certain provisions under which Performance Compensation Awards, as defined therein, are
not subject to Section 409A of the Internal Revenue Code of 1986, as amended;

NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:

1. The fifth sentence in Section V is deleted and replaced with the following:

Performance Compensation Awards for Participants shall be based upon predetermined performance
criteria and/or targets which may include Corporate, Subsidiary, Division or individual performance
targets, except that Performance Compensation Awards for Participants who were hired by the Company
or a Subsidiary or Division during the Fiscal Year may be totally discretionary as determined by
the Committee.

2. The second sentence in Section VI is deleted and replaced with the following:

However, each Participant (other than a Participant who was hired by the Company or a Subsidiary or
Division during the Fiscal Year and has been granted a discretionary Award) shall have the right to
elect to defer all or part of his or her payment under the Award until the following January.

3. The first sentence of Section VII is deleted and replaced with the following:

If a Participant dies after the end of the Fiscal Year but prior to receiving the entire amounts
due under the Plan for such Fiscal Year, if any, such unpaid amounts will be paid in a lump sum to
his or her beneficiary at the time such amount would have been paid to the Participant pursuant to
Section VI.

4. The fourth sentence of Section IX is deleted and replaced with the following:

Notwithstanding any other provision hereof, and in accordance with this Section IX, in the event a
Participant terminates or is terminated by the Company, Subsidiary or Division after the end of the
Fiscal Year for retirement at or after age 60, layoff, disability or death, the Committee shall
have the sole discretion as to whether any such Award shall be granted, and, if so, the amount of
such Award, and any such amount shall be paid at the time determined pursuant to Section VI.

IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]