SEC Contract Filing

Filing Date: 2017-02-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.25
<SEQUENCE>4
<FILENAME>mtd_exhibit1025performance.htm
<DESCRIPTION>EXHIBIT 10.25 PERFORMANCE STOCK OPTION AGREEMENT
<TEXT>
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<div><a name="sD3C65B722A35F47B736EFA5BD6EB0F22"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.25</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mettler-Toledo International Inc.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2013 Equity Incentive Plan</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nonqualified Performance Stock Option Agreement</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This agreement is dated as of </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">November 3, 2016</font><font style="font-family:inherit;font-size:10pt;">&#32;(the "grant date") between Mettler-Toledo International Inc., a Delaware corporation (&#8220;MTII&#8221;), and the undersigned employee or director of MTII or a subsidiary or affiliate thereof (collectively, the &#8220;Company&#8221;). Capitalized terms used and not defined in this agreement shall have the meanings given to them in the 2013 Equity Incentive Plan (the&#160;&#8220;Plan&#8221;).</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In consideration of the mutual undertakings set forth in this agreement, you and MTII agree as follows:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1. </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Grant of Performance Option.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1. MTII hereby grants to you an option to purchase </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">12,678 shares</font><font style="font-family:inherit;font-size:10pt;">&#32;of common stock of MTII, at a purchase price of </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">USD 397.95 per share</font><font style="font-family:inherit;font-size:10pt;">&#32;(the "Performance Option").</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2. The Performance Option is intended to be a &#8220;nonqualified&#8221; stock option and is not intended to qualify as an &#8220;incentive stock option&#8221;.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2. </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Vesting Generally</font><font style="font-family:inherit;font-size:10pt;">. Except as provided in Section 3, the Performance Option shall vest as follows:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.1 The Performance Option will only vest if the following performance condition is satisfied: MTII has achieved at least 12% compound annual growth in its fully diluted earnings per share (EPS) adjusted as described below, over the five-year period </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">January 1, 2017 through December 31, 2021</font><font style="font-family:inherit;font-size:10pt;">&#32;(the "Performance Cycle").</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.2 To be eligible for any vesting, you must remain employed by MTII or serve as a director of MTII through at least </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">November 3, 2019</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></