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FORM OF RESTRICTED STOCK AGREEMENT FOR NON-EMPLOYEE DIRECTORS

Shareholder Agreement

FORM OF RESTRICTED STOCK AGREEMENT FOR NON-EMPLOYEE DIRECTORS | Document Parties: Roper Industries, Inc You are currently viewing:
This Shareholder Agreement involves

Roper Industries, Inc

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Title: FORM OF RESTRICTED STOCK AGREEMENT FOR NON-EMPLOYEE DIRECTORS
Date: 12/6/2006
Industry: Scientific and Technical Instr.     Sector: Technology

FORM OF RESTRICTED STOCK AGREEMENT FOR NON-EMPLOYEE DIRECTORS, Parties: roper industries  inc
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Exhibit 10.2

Form for Non-Employee Directors

R E S T R I C T E D S T O C K A W A R D C E R T I F I C A T E

Non-transferable

G R A N T T O

 

("Grantee")

by Roper Industries, Inc. (the "Company") of

             shares of its common stock, $0.01 par value (the "Shares")

pursuant to and subject to the provisions of the Roper Industries, Inc. Director Compensation Plan (the "Director Compensation Plan"), which is operated as a subplan of the Roper Industries, Inc. 2006 Incentive Plan (the "Incentive Plan" and, together with the Director Compensation Plan, the "Plans"), and to the terms and conditions set forth on the following page.

Unless vesting is accelerated in accordance with the Plans or in the discretion of the Committee, the Shares will vest (become non-forfeitable) in accordance with the following schedule, provided that Grantee is still providing services as a director of the Company on such date:

 

 

             

Vesting Date

  

 

  

 

  

Percent of Shares Vested

  • 6 month anniversary of the Grant Date

  

 

  

 

  

50%

  • Day prior to first Annual Meeting of Shareholders after the Grant Date

  

 

  

 

  

100%



IN WITNESS WHEREOF, Roper Industries, Inc., acting by and through its duly authorized officers, has caused this Certificate to be duly executed.

 

                 

ROPER INDUSTRIES, INC.

 

 

 

 

By:

 

  

 

 

 

Grant Date:

 

  

 

 

Brian D. Jellison

 

 

 

 

 

 
 

 

President and Chief Executive Officer

 

 

 

 

 

 

TERMS AND CONDITIONS

1. Restrictions . The Shares are subject to each of the following restrictions. "Restricted Shares" mean those Shares that are subject to the restrictions imposed hereunder which restrictions have not then expired or terminated. Restricted Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered. If Grantee’s service as a director of the Company terminates for any reason other than as set forth in paragraph (b) of Section 2 hereof, then Grantee shall forfeit all of Grantee’s right, title and interest in and to the Restricted Shares as of the date of termination of service, and such Restricted Shares shall revert to the Company immediately following the event of forfeiture. The restrictions imposed under this Section shall apply to all shares of the Company’s Stock or other securities issued with respect to Restricted Shares hereunder in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the Stock of the Company.

2. Expiration and Termination of Restrictions . The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the "Restricted Period"):

(a) as to the percentages of the Shares specified on the cov


 
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