INDEMNIFICATION AGREEMENTIndemnification Agreement • February 24th, 2017 • Watts Water Technologies Inc • Miscellaneous fabricated metal products • Delaware
This Agreement made and entered into this ___ day of ________ ____, (the “Agreement”), by and between Watts Water Technologies, Inc., a Delaware corporation (the “Company,” which term shall include, where appropriate, any Entity (as hereinafter defined) controlled directly or indirectly by the Company) and ____________ (the “Indemnitee”):
August 10, 2016 Debra Ogston Andover, MA Dear Debra:Watts Water Technologies Inc • February 24th, 2017 • Miscellaneous fabricated metal products • Massachusetts
In connection with the termination of your employment with Watts Water Technologies, Inc. (“Watts” or the “Company”) on August 10, 2016, the Company is offering to provide you a severance benefit if you satisfy the eligibility requirements described in the “Description of Severance Benefit” attached to this letter agreement as Attachment A. In order to receive the severance benefits, you must sign and return this letter agreement within the specified deadline and you must not revoke the letter agreement. Please return the signed agreement to Brian Davis (by hand at 815 Chestnut Street, North Andover, MA 01845, or by email at brian.davis@wattswater.com by August 31, 2016. By signing and returning this letter agreement, and not revoking your acceptance, you will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in Paragraph 3. Therefore, you are advised to consult with an attorney before signing this letter agree
SECOND AMENDED AND RESTATED 2004 STOCK INCENTIVE PLAN2016 Performance Stock Unit Award Agreement • February 24th, 2017 • Watts Water Technologies Inc • Miscellaneous fabricated metal products
This award of performance stock units (“Performance Stock Units”) of Watts Water Technologies, Inc. (the “Company”) made to the grantee (the “Grantee”), as set forth in the Performance Stock Unit award notification provided through the Grantee’s stock plan account on the E*TRADE website, is subject to the provisions of the Company’s Second Amended and Restated 2004 Stock Incentive Plan (the “Plan”) and the terms and conditions contained in this 2016 Performance Stock Unit Award Agreement (the “Agreement”) and shall constitute Deferred Stock (as defined in the Plan) which is earned based on performance as provided herein. By accepting the award of Performance Stock Units on the E*TRADE website, the Grantee agrees to the terms and conditions of this Agreement.
