Common use of SARP Clause in Contracts

SARP. As of the Distribution Date, all shares of ATI Common Stock issued and outstanding held by a Spinco Individual under the ATI SARP as Designated Stock or Purchased Stock (as those terms are defined in the ATI SARP) shall continue to be so held, and the shares of Spinco Common Stock received by Spinco Individuals in respect of their Purchased Stock and Designated Stock pursuant to the distribution terms of Article III of the Separation and Distribution Agreement and the shares of Water Pik Technologies, Inc. Common Stock received by Spinco Individuals in respect of their Purchased Stock and Designated Stock as a result of the spin-off of Water Pik Technologies, Inc. by ATI to ATI's stockholders shall also be considered Designated Stock or Purchased Stock, as the case may be, subject to the terms of the ATI SARP. Effective Immediately After the Distribution Date, Spinco shall assume all Benefit Liabilities to or relating to Spinco Individuals under the ATI SARP relating to the Restricted Stock, but ATI shall retain all promissory notes payable by participants into the ATI SARP, including Spinco Individuals, to the order of ATI, and the collateral with respect to such notes shall include all shares of ATI Common Stock that were pledged as collateral for purposes of the ATI SARP

SARP. As of the Distribution Date, all shares of ATI Common Stock issued and outstanding held by a Spinco Individual under the ATI SARP as Designated Stock or Purchased Stock (as those terms are defined in the ATI SARP) shall continue to be so held, and the shares of Spinco Common Stock received by Spinco Individuals in respect of their Purchased Stock and Designated Stock pursuant to the distribution terms of Article III of the Separation and Distribution Agreement and the shares of Water Pik Technologies, Inc. Teledyne Technologies Incorporated Common Stock received by Spinco Individuals in respect of their Purchased Stock and Designated Stock as a result of the spin-off of Water Pik Technologies, Inc. Teledyne Technologies Incorporated by ATI to ATI's stockholders shall also be considered Designated Stock or Purchased Stock, as the case may be, subject to the terms of the ATI SARP. Effective Immediately After the Distribution Date, Spinco shall assume all Benefit Liabilities to or relating to Spinco Individuals under the ATI SARP relating to the Restricted Stock, but ATI shall retain all promissory notes payable by participants into the ATI SARP, including Spinco Individuals, to the order of ATI, and the collateral with respect to such notes shall include all shares of ATI Common Stock that were pledged as collateral for purposes of the ATI SARPSARP immediately prior to the Distribution Date as well as the shares of Spinco Common Stock and Teledyne Technologies Incorporated Common Stock issued in respect of such shares of ATI Common