WATTS WATER TECHNOLOGIES, INC. EXECUTIVE INCENTIVE BONUS PLAN

                                                                    Exhibit 10.2

                         WATTS WATER TECHNOLOGIES, INC.

                         EXECUTIVE INCENTIVE BONUS PLAN

                   Amended and Restated as of February 8, 2005

I.    Purpose

      The Executive Incentive Bonus Plan, as amended and restated effective as

of January 1, 2005 (the "Plan"), is intended to promote the interests of Watts

Water Technologies, Inc. by offering an incentive opportunity to those officers

and key executives who are employed thereby in positions which can affect

overall corporate operating results and provide the greatest opportunity to

contribute to current earnings and the future success of the corporation.

II.   Definitions

      As used in this Plan, the terms below shall have the following meanings

ascribed to them:

      A. "Base Pay" shall mean base salary as of December 31 of the Fiscal Year

before taxes, Social Security and other deductions.

      B. "Committee" shall mean the Compensation Committee of the Board of

Directors of the Company.

      C. "Company" shall mean Watts Water Technologies, Inc., including its

subsidiaries and affiliates.

      D. "Disability" shall mean a permanent disability which would entitle the

employee to benefits under the Company's long-term disability plan.

      E. "Eligible Employee" shall mean any person, including any officer

employed by the Company on a full time, salaried basis in a position which is

primarily responsible for achieving the Company's current fiscal year financial

objectives.

      F. "Fiscal Year" shall mean the Company's then current fiscal year

commencing on January 1 and ending December 31.

      G. "Participant" shall mean an Eligible Employee who has been selected to

participate in the Plan for the Fiscal Year.

III.  Administration

      The Plan shall be administered by the Committee, no member of which

serving shall be eligible to receive an award under the Plan. The Committee

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shall have the authority to amend, modify and interpret the Plan and to make all

determinations relating to the Plan as it may deem necessary or advisable for

the administration of the Plan. Decisions of the Committee on all matters

relating to the Plan shall be binding and conclusive on all parties, including

the Company and the Participants.

IV.   Participation

      Participants for the Fiscal Year shall include the Chief Executive

Officer, the President, any