SEC Contract Filing

Filing Date: 2016-02-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>allegionglobalpsuagreement.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2016 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="sE1CCF59B67C1EA881ACF8F22DA6C551E"></a><div><div style="line-height:120%;text-align:left;"><img src="allegionglobalpsuagre_image1.jpg" style="height:88px;width:125px;"></div></div><br><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.3</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">ALLEGION PLC</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">INCENTIVE STOCK PLAN OF 2013</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">GLOBAL PERFORMANCE STOCK UNIT AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">FOR THE 20XX &#8211; 20XX PERFORMANCE PERIOD</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">DATED AS OF [GRANT DATE] ("GRANT DATE")</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Allegion plc (the &#8220;Company&#8221;) hereby grants to </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">[insert name]</font><font style="font-family:inherit;font-size:11pt;">&#32;(&#8220;Participant&#8221;) a performance stock unit award (the &#8220;PSUs&#8221;) pursuant to and subject to the terms and conditions set forth in the Company&#8217;s Incentive Stock Plan of 2013 (the &#8220;Plan&#8221;), including the terms and conditions for Performance-Based Awards as set forth in Section 8(b) of the Plan. Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this Performance Stock Unit Award Agreement (&#8220;the Award Agreement&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Each PSU that vests pursuant to the terms of this Award Agreement shall provide Participant with the right to receive one ordinary share of the Company (the &#8220;Share&#8221;) on the issuance date described in Section 6 below. The number of Shares subject to the PSUs, the performance and service vesting conditions applicable to such Shares, the date on which vested Shares shall become issuable and any further terms and conditions governing the PSUs shall be as set forth in this Award Agreement, including any country-specific terms set forth in the attached Appendix B for Participant&#8217;s country. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Number of Shares</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">.</font><font style="font-family:inherit;font-size:11pt;">&#32;&#32;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The number of Shares subject to the PSUs at target performance level is [</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">insert number of Shares subject to PSUs at target</font><font style="font-family:inherit;font-size:11pt;">]. The maximum number of Shares subject to the PSUs is [</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">insert maximum number of Shares subject to PSUs</font><font style="font-family:inherit;font-size:11pt;">] Shares, provided, however, that the actual number of Shares that become issuable pursuant to the PSUs shall be determined in accordance with the fulfillment of certain performance conditions set forth in the attached Appendix A. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Performance Period</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The performance period applicable to the PSUs is [</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">insert beginning date]</font><font style="font-family:inherit;font-size:11pt;">&#32;to [</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">insert ending date]</font><font style="font-family:inherit;font-size:11pt;">&#32;(the &#8