Document:

EX-10.1

Exhibit 10.1

[LETTERHEAD]

March 29, 2011

Re: 2011 Performance Share Grant

Dear       :

Exide Technologies (the “Company”) is pleased to inform you that, pursuant to the Company’s 2009
Stock Incentive Plan (the “Plan”), you have been granted [INSERT Number] Performance Shares
(“Performance Shares”) by the Compensation Committee of the Board of Directors (“Committee”) as of
the date hereof. You will receive separate award agreements for any restricted stock, restricted
stock unit or performance unit awards that you have also been granted as of the same date.

This award letter (this “Agreement”) sets forth the terms of the Performance Shares. However,
please note that the Performance Shares are also subject to the terms of the Plan, as interpreted
by the Committee in its full discretion. Furthermore, this Agreement in no way guarantees that you
will receive any payment of shares of Common Stock pursuant to the Performance Shares under the
Plan. Any terms not defined in this Agreement will have the meaning ascribed to them in the Plan.
The Performance Shares are intended to constitute qualified performance-based compensation under
Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”).

General Terms

Your right to receive payment pursuant to the Performance Shares is contingent upon the achievement
of a single Management Objective, which is described in detail below. The achievement of the
Management Objective will be measured during the period from April 1, 2011 through March 31, 2014
(the “Performance Period”).

Management Objective

The Management Objective for the Performance Period is based on the achievement of performance
goals relating to relative total shareholder return of the Company (“Relative TSR”) for the
Performance Period (the “Relative TSR Performance Metric”). As further described below, if a
minimum threshold is met with respect to the Relative TSR Performance Metric, you will receive a
payment of shares of Common Stock pursuant to at least a portion of the Performance Shares.

If the Committee determines that a change in the business, operations, corporate structure or
capital structure of the Company, the manner in which it conducts business, or other events or
circumstances render the Management Objective to be unsuitable, the Committee may modify the
Management Objective or the related levels of achievement, in whole or in part, as the Committee
deems appropriate; provided, however, that no such action will be made in the case
of a Covered Employee where such action may result in the loss of the otherwise available exemption
of the award under Section 162(m) of the Code.

Payment of Performance Shares

You will receive a payment of shares of Common Stock pursuant to the Performance Shares for the
Performance Period only if payment is otherwise permitted under the terms of the Plan and the Board
(or Committee, in the case of Covered Employees) has certified that the Management Objective has
been satisfied. You will receive any shares of Common Stock pursuant to the Performance Shares
that you have earned under this Agreement within 90 days after March 31, 2014 (the “Payment Date”),
unless your Continuous Service with the Company or one of its subsidiaries terminates on account of
your death or disability or in connection with a Change in Control prior to the end of the
Performance Period, in which such case you will receive payment, if any, in accordance with the
terms set forth below under the heading “Effect of Early Termination on the Performance Shares.”

Earning of Performance Shares

Provided that you remain in Continuous Service through the end of the Performance Period, the
actual number of shares of Common Stock, if any, that you will earn pursuant to the Performance
Shares at the end of the Performance Period will be determined in accordance with the performance
matrix set forth on Exhibit A to this Agreement. Pursuant to the matrix, you will receive
up to 150% of your Performance Shares at the end of the Performance Period if the Relative TSR at
the end of the Performance Period equals or exceeds the threshold amount (25th
percentile) (the “Relative TSR Threshold Amount”) as set forth on Exhibit A. If the
Relative TSR at the end of the Performance Period is greater than the Relative TSR Threshold
Amount, but less than the target amount (50th percentile) (the “Relative TSR Target
Amount”) and is not expressly stated on Exhibit A, then each whole 1% improvement in
performance will result in approximately a 3% increase in the number of Performance Shares earned
above the Relative TSR Threshold Amount until the Relative TSR Target Amount is reached. If the
Relative TSR at the end of the Performance Period is greater than the Relative TSR Target Amount,
but less than the maximum amount (75th percentile) (the “Relative TSR Maximum Amount”)
and is not expressly stated on Exhibit A, then each whole 1% improvement in performance
will result in approximately a 2% increase in the number of Performance Shares earned above the
Relative TSR Target Amount until the Relative TSR Maximum Amount is reached. No additional
Performance Shares will be earned if performance exceeds the Relative TSR Maximum Amount.

For purposes of this award, Relative TSR will be based on the difference between the Beginning
Stock Price (as defined below) and the Ending Stock Price (as defined below) relative to the
performance of the Russell 2000®, plus the amount per share of any cash dividends paid
by the Company during the Performance Period. The term “Beginning Stock Price” means the average
closing price of a share of the Company’s Common Stock for the 20 consecutive trading days
immediately preceding, but not including, April 1, 2011 as reported by the online edition of The
Wall Street Journal on the NASDAQ Global Market, or as reported by such other source as the
Committee may approve. The term “Ending Stock Price” means the average closing price of a share of
the Company’s Common Stock for the 20 consecutive trading days immediately preceding, but not
including, the last day of the Performance Period as reported by the online edition of The Wall
Street Journal on the NASDAQ Global Market, or as reported by such other source as the Committee
may approve.

Effect of Early Termination on the Performance Shares

Death

If your Continuous Service terminates early on account of your death prior to the end of the
Performance Period, the number of shares of Common Stock that your beneficiary will receive
pursuant to the Performance Shares, if any, will be determined in accordance with Exhibit A
attached hereto and will be paid to your designated beneficiary on the Payment Date. However,
the number of shares of Common Stock will be pro-rated for the period starting on the date hereof
and ending on the last day of the month in which your Continuous Service is terminated on account
of your death.

Disability

If your Continuous Service terminates early on account of your disability prior to the end of the
Performance Period, the number of shares of Common Stock that you will receive pursuant to the
Performance Shares, if any, will be determined in accordance with Exhibit A attached hereto
and will be paid on the Payment Date. However, the number of shares of Common Stock will be
pro-rated for the period starting on the date hereof and ending on the last day of the month in
which your Continuous Service is terminated on account of your disability.

Change in Control

In the event your Continuous Service is terminated by the Company for any reason other than Cause
or by you for Good Reason (as defined below) on or within twelve (12) months after a Change in
Control, the number of shares of Common Stock that you will receive pursuant to the Performance
Shares, if any, will be determined in accordance with Exhibit A attached hereto. However,
in order to determine the number of Performance Shares earned, the Relative TSR Performance Metric
will be measured as of the last day of the month in which your Continuous Service is terminated in
connection with the Change in Control instead of the last day of the Performance Period. Any
Performance Shares earned on the date your Continuous Service is terminated in connection with a
Change in Control will be delivered as soon as practicable, and in all events within 30 days,
following the date your Continuous Service is terminated in connection with a Change in Control;
provided, however, that if the termination of Continuous Service is not a
“separation of service” as defined under Section 409A of the Code, payment will be made to you
within 30 days following the earlier of (i) the Payment Date or (ii) the date of your “separation
of service” with the Company (determined in accordance with Section 409A of the Code);
further, provided, that if the date of payment is determined by reference to the
date of your “separation of service” with the Company (determined in accordance with Section 409A
of the Code) or the Change in Control does not constitute a change in ownership or effective
control of the Company or a change in the ownership of a substantial portion of the Company, within
the meaning of Section 409A of the Code, and you are considered a “specified employee” for the
purposes of Section 409A of the Code, payment will be made within 30 days of the first business day
of the seventh month after the date of your “separation of service” with the Company (determined in
accordance with Section 409A of the Code).

For purposes of this Agreement, the term “Good Reason” shall mean (i) a material diminution in your
authority, duties or responsibilities, (ii) a relocation of the office at which you provide
services to the Company or a Subsidiary to a location more than fifty (50) miles from its current
location; or (iii) any material breach of an employment agreement, if any, that is in effect at any
time between you and the Company.

Before a termination will constitute a termination for Good Reason, you must give the Company a
Notice of Good Reason within ninety (90) calendar days following the occurrence of the event that
constitutes Good Reason. Failure to provide such Notice of Good Reason within such 90-day period
shall be conclusive proof that you shall not have Good Reason to terminate employment.

Good Reason shall exist only if (A) the Company fails to remedy the event or events constituting
Good Reason within thirty (30) calendar days after receipt of the Notice of Good Reason from you
and (B) you terminate you employment within sixty (60) days after the end of the period set forth
in clause (A) above. If you determine that Good Reason for termination exists and timely file a
Notice of Good Reason, such determination shall be presumed to be true and the Company will have
the burden of proving that Good Reason does not exist.

For purposes of this Agreement, “Notice of Good Reason” means a written notice by you to the
Company which sets forth in reasonable detail the specific reason for a termination of employment
for Good Reason and the facts and circumstances claimed to provide a basis for such termination and
is provided to the Company in accordance with the terms set forth above.

Other Terminations

If your Continuous Service with the Company or any subsidiary is voluntarily or involuntarily
terminated during the Performance Period for any reason other than your death or disability, or in
connection with a Change in Control, you will forfeit your entire Performance Share Award.

If there is a conflict between these termination provisions and the termination provisions of the
Plan, the terms of the Plan shall govern.

Taxes and Withholding

To the extent that the Company is required to withhold any federal, state, local or foreign taxes
in connection with the payment of any shares of Common Stock made pursuant to the Performance
Shares and the amounts available to the Company for such withholding are insufficient, you shall
pay such taxes or make provisions that are satisfactory to the Company for the payment thereof.
Unless otherwise determined by the Committee, you may elect to satisfy all or any part of any such
withholding obligation by (i) paying cash, (ii) surrendering to the Company a portion of the shares
of Common Stock that are issued or transferred to you or that become nontransferable by you
hereunder, and the shares of Common Stock so surrendered by you shall be credited against any such
withholding obligation at the Market Value per Share of such shares of Common Stock on the date of
such surrender, or (iii) a combination of such methods.

Please contact        at extension        if you have any questions about the Plan or the
Program.

Very truly yours,

     

By:

The undersigned hereby accepts the terms of this Award Agreement

and the Plan.

Address:

1

Exhibit A

Performance Shares Earned – Relative TSR

	 	 	 	 	 
	Percentile Rank Relative to Russell 2000®
	 	% of Award Earned
	 
	 	 	 	 
	Less than 25
	 	 	0	%
	 
	 	 	 	 
	25
	 	 	25	%
	 
	 	 	 	 
	30
	 	 	40	%
	 
	 	 	 	 
	35
	 	 	55	%
	 
	 	 	 	 
	40
	 	 	70	%
	 
	 	 	 	 
	45
	 	 	85	%
	 
	 	 	 	 
	50
	 	 	100	%
	 
	 	 	 	 
	55
	 	 	110	%
	 
	 	 	 	 
	60
	 	 	120	%
	 
	 	 	 	 
	65
	 	 	130	%
	 
	 	 	 	 
	70
	 	 	140	%
	 
	 	 	 	 
	75 or greater
	 	 	150	%
	 
	 	 	 	 

2EX-10.2

Exhibit 10.2

[LETTERHEAD]

March 29, 2011

Re: 2011 Performance Unit Grant

Dear       :

Exide Technologies (the “Company”) is pleased to inform you that, pursuant to the Company’s 2009
Stock Incentive Plan (the “Plan”), you have been granted        Performance Units (“Performance
Units”) by [the Compensation Committee (“Committee”) of]1 the Board of Directors (the
“Board”) as of the date hereof, with each such Performance Unit being equal in value to $1.00. You
will receive separate award agreements for any restricted stock, restricted stock unit or
performance share awards that you have also been granted as of the same date.

This award letter (this “Agreement”) sets forth the terms of the Performance Units. However,
please note that the Performance Units are also subject to the terms of the Plan, as interpreted by
the Committee in its full discretion. Furthermore, this Agreement in no way guarantees that you
will receive any payment pursuant to the Performance Units under the Plan. Any terms not defined
in this Agreement will have the meaning ascribed to them in the Plan. The Performance Units are
intended to constitute qualified performance-based compensation under Section 162(m) of the
Internal Revenue Code of 1986, as amended (the “Code”).

General Terms

Your right to receive a cash payment pursuant to the Performance Units is contingent upon the
achievement of a single Management Objective, which is described in detail below. The achievement
of the Management Objective will be measured during the period from April 1, 2011 through March 31,
2014 (the “Performance Period”).

Management Objective

The Management Objective for the Performance Period is based on the achievement of performance
goals relating to the Company’s operating income (“OI”) (as defined below) for the Performance
Period (the “OI Performance Metric”). As further described below, if a minimum threshold is met
with respect to the OI Performance Metric, you will receive a cash payment in U.S. dollars pursuant
to at least a portion of the Performance Units.

If the Committee determines that a change in the business, operations, corporate structure or
capital structure of the Company, the manner in which it conducts business, or other events or
circumstances render the Management Objective to be unsuitable, the Committee may modify the
Management Objective or the related levels of achievement, in whole or in part, as the Committee
deems appropriate; provided, however, that no such action will be made in the case
of a Covered Employee where such action may result in the loss of the otherwise available exemption
of the award under Section 162(m) of the Code.

Payment of Performance Units

You will receive a cash payment pursuant to the Performance Units for the Performance Period only
if payment is otherwise permitted under the terms of the Plan and the Board (or Committee, in the
case of Covered Employees) has certified that the Management Objective has been satisfied. You
will receive any cash payment pursuant to the Performance Units that you have earned under this
Agreement within 90 days after March 31, 2014 (the “Payment Date”), unless your Continuous Service
with the Company or one of its subsidiaries terminates on account of your death or disability or in
connection with a Change in Control prior to the end of the Performance Period, in which such case
you will receive payment, if any, in accordance with the terms set forth below under the heading
“Effect of Early Termination on the Performance Units.”

Earning of Performance Units

Provided that you remain in Continuous Service through the end of the Performance Period, the
actual number of Performance Units that you will earn at the end of the Performance Period will be
determined in accordance with the performance matrix set forth on Exhibit A to this
Agreement. Pursuant to the matrix, you will receive up to 150% of your Performance Units at the
end of the Performance Period if the OI at the end of the Performance Period equals or exceeds the
threshold amount ($***) (the “OI Threshold Amount”) as set forth on Exhibit A. If the OI
at the end of the Performance Period is greater than the OI Threshold Amount, but less than the
target amount (the “OI Target Amount”) and is not expressly stated on Exhibit A, then each
additional $*** improvement in performance will result in approximately a 1% increase in the number
of Performance Units earned above the OI Threshold Amount until the OI Target Amount is reached.
If the OI at the end of the Performance Period is greater than the OI Target Amount, but less than
the maximum amount ($***) (the “OI Maximum Amount”) and is not expressly stated on Exhibit
A, then each additional $*** improvement in performance will result in approximately a 1%
increase in the number of Performance Units earned above the OI Target Amount until the OI Maximum
Amount is reached. No additional Performance Units will be earned if performance exceeds the OI
Maximum Amount.

For purposes of this award, OI is defined as net sales of the Company reduced by cost of sales,
restructuring and impairment charges and further reduced by the sum of all selling, administrative
and research, development and engineering expenses.

Effect of Early Termination on the Performance Units

Death

If your Continuous Service terminates early on account of your death prior to the end of the
Performance Period, the amount of the cash payment that your beneficiary will receive pursuant to
the Performance Units, if any, will be determined in accordance with Exhibit A attached
hereto and will be paid to your designated beneficiary on the Payment Date. However, the
amount of the cash payment will be pro-rated for the period starting on the date hereof and
ending on the last day of the month in which your Continuous Service is terminated on account of
your death.

Disability

If your Continuous Service terminates early on account of your disability prior to the end of the
Performance Period, the amount of the cash payment that you will receive pursuant to the
Performance Units, if any, will be determined in accordance with Exhibit A attached hereto
and will be paid on the Payment Date. However, the the amount of the cash payment will be
pro-rated for the period starting on the date hereof and ending on the last day of the month in
which your Continuous Service is terminated on account of your disability.

Change in Control

In the event your Continuous Service is terminated by the Company for any reason other than Cause
or by you for Good Reason (as defined below) on or within twelve (12) months after a Change in
Control, the the amount of the cash payment that you will receive pursuant to the Performance
Units, if any, will be determined in accordance with Exhibit A attached hereto. However,
in order to determine the number of Performance Units earned pursuant to the OI Performance Metric,
the OI Performance Metric will be measured as of the last day of the month in which your Continuous
Service is terminated in connection with the Change in Control instead of the last day of the
Performance Period. Any Performance Units earned on the date your Continuous Service is terminated
in connection with a Change in Control will be delivered as soon as practicable, and in all events
within 30 days, following the date your Continuous Service is terminated in connection with a
Change in Control; provided, however, that if the termination of Continuous Service
is not a “separation of service” as defined under Section 409A of the Code, payment will be made to
you within 30 days following the earlier of (i) the Payment Date or (ii) the date of your
“separation of service” with the Company (determined in accordance with Section 409A of the Code);
further, provided, that if the date of payment is determined by reference to the date of your
“separation of service” with the Company (determined in accordance with Section 409A of the Code)
or the Change in Control does not constitute a change in ownership or effective control of the
Company or a change in the ownership of a substantial portion of the Company, within the meaning of
Section 409A of the Code, and you are considered a “specified employee” for the purposes of Section
409A of the Code, payment will be made within 30 days of the first business day of the seventh
month after the date of your “separation of service” with the Company (determined in accordance
with Section 409A of the Code).

For purposes of this Agreement, the term “Good Reason” shall mean (i) a material diminution in your
authority, duties or responsibilities, (ii) a relocation of the office at which you provide
services to the Company or a Subsidiary to a location more than fifty (50) miles from its current
location; or (iii) any material breach of an employment agreement, if any, that is in effect at any
time between you and the Company.

Before a termination will constitute a termination for Good Reason, you must give the Company a
Notice of Good Reason within ninety (90) calendar days following the occurrence of the event that
constitutes Good Reason. Failure to provide such Notice of Good Reason within such 90-day period
shall be conclusive proof that you shall not have Good Reason to terminate employment.

Good Reason shall exist only if (A) the Company fails to remedy the event or events constituting
Good Reason within thirty (30) calendar days after receipt of the Notice of Good Reason from you
and (B) you terminate you employment within sixty (60) days after the end of the period set forth
in clause (A) above. If you determine that Good Reason for termination exists and timely file a
Notice of Good Reason, such determination shall be presumed to be true and the Company will have
the burden of proving that Good Reason does not exist.

For purposes of this Agreement, “Notice of Good Reason” means a written notice by you to the
Company which sets forth in reasonable detail the specific reason for a termination of employment
for Good Reason and the facts and circumstances claimed to provide a basis for such termination and
is provided to the Company in accordance with the terms set forth above.

Other Terminations

If your Continuous Service with the Company or any subsidiary is voluntarily or involuntarily
terminated during the Performance Period for any reason other than your death or disability, or in
connection with a Change in Control, you will forfeit your entire Performance Unit Award.

If there is a conflict between these termination provisions and the termination provisions of the
Plan, the terms of the Plan shall govern.

Taxes and Withholding

To the extent that the Company is required to withhold any federal, state, local or foreign taxes
in connection with any cash payment made pursuant to the Performance Units, the Company shall
withhold such amounts from such payment.

Please contact        at extension        if you have any questions about the Plan or the
Program.

Very truly yours,

     

By:

The undersigned hereby accepts the terms of this Award Agreement

and the Plan.

Address:

Exhibit A

Performance Units Earned — OI

	 	 	 	 	 
	OI	 	% of Award Earned
	Less than $***
	 	 	0	%
	 
	 	 	 	 
	$***
	 	 	50	%
	 
	 	 	 	 
	$***
	 	 	60	%
	 
	 	 	 	 
	$***
	 	 	70	%
	 
	 	 	 	 
	$***
	 	 	80	%
	 
	 	 	 	 
	$***
	 	 	90	%
	 
	 	 	 	 
	$***
	 	 	100	%
	 
	 	 	 	 
	$***
	 	 	110	%
	 
	 	 	 	 
	$***
	 	 	120	%
	 
	 	 	 	 
	$***
	 	 	130	%
	 
	 	 	 	 
	$***
	 	 	140	%
	 
	 	 	 	 
	$*** or greater
	 	 	150	%
	 
	 	 	 	 

	1	 	Bracketed language not included in agreement
with Chief Executive Officer.

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