Attached files
| file | filename |
|---|---|
| EX-12 - EMERSON ELECTRIC CO | v172873_ex12.htm |
| EX-32 - EMERSON ELECTRIC CO | v172873_ex32.htm |
| EX-31 - EMERSON ELECTRIC CO | v172873_ex31.htm |
| EX-10.1 - EMERSON ELECTRIC CO | v172873_ex10-1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - EMERSON ELECTRIC CO | Financial_Report.xls |
| 10-Q - EMERSON ELECTRIC CO | v172873_10q.htm |
Exhibit
10.2
CERTIFICATE
EMERSON
ELECTRIC CO.
2010
PERFORMANCE SHARES PROGRAM
THIS
CERTIFIES that «FULL_NAME»
is entitled to be a participant in Emerson Electric Co.’s 2010
Performance Shares Program under the 2006 Incentive Shares Plan approved and
adopted by the Board of Directors on November 1, 2005 and approved by the
Stockholders on February 7, 2006, and has been awarded «AWARD_NAME» («AWARD_NUMBER»)
Units, all in accordance with the terms and provisions of said
Plan.
Dated
this __ day of ___________, 2010.
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For
the Compensation
Committee
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 |
INTRA-COMPANY
CORRESPONDENCE
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TO:
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Cynthia
G. Heath
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FROM:
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«FULL_NAME»
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DATE:
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November
2, 2009
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FILE:
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2010
PERFORMANCE SHARES PROGRAM AWARD
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SUBJECT:
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Acceptance
of Award
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This is
to advise that in consideration of the Compensation Committee's award of
Performance Units in the 2010 Performance Shares Program under the 2006
Incentive Shares Plan, (1) I accept such participation upon the terms contained
in the Award Certificate and the attached Plan document, and (2) I agree that
during my employment by Emerson or any of its divisions, subsidiaries or
affiliates (collectively, "Emerson"), and for a period of two (2) years after
termination of such employment for any reason, I will not directly or indirectly
engage in competition with, or enter the employ of or assist any person, firm,
corporation or other entity engaged in a business competitive with, any business
of Emerson in which I was employed, or solicit or hire any Emerson employees,
even though no payment has been made to me under the terms of the
Plan. I also agree Missouri law governs this agreement and consent to
resolve any disputes in the courts in the state of Missouri.
I
acknowledge I have read and understand the above, the Plan and Program
Highlights and agree to the terms of the award as set forth
therein.
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«FULL_NAME»
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Date
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||
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Signature
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2010
PERFORMANCE SHARES PROGRAM
AWARD
SUMMARY
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·
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FY10 – FY13
Performance Shares Plan
Award
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-
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The
actual payout earned will be based on Company performance during the
Performance Period beginning October 1, 2009 and ending September 30, 2013
(Performance Period).
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-
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Payout
ranges from 0 to 100%.
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-
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Quarterly
dividend equivalents on 40% of the Performance Share Units will be paid to
the Participants commencing with the next regularly scheduled quarterly
payment, after the date of the
award.
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-
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After
the end of the Performance Period, the plan payout percentage will be
determined, with 60% of the earned payout paid following the end of the
Performance Period; the remaining 40% will be paid following a one-year
restriction period, subject to your continued employment with the company
during the restriction period, up to and including the actual payout
date.
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·
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Participant’s
rights to the Award are not vested, and it is understood and agreed that
Participant may forfeit the Award and dividend equivalents if any of the
terms or conditions of the Award, including the non-competition and
non-solicitation obligations, as set out in the Plan and Acceptance of
Award are not met, if Participant engages in intentional misconduct in
connection with his or her employment or is in violation of the Company’s
Business Ethics Program, or if Participant fails to remain employed by the
Company for the periods described
above.
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