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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:
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Vesting Date
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Percent of Shares Vested
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50%
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100%
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IN WITNESS WHEREOF, Roper Industries, Inc.,
acting by and through its duly authorized officers, has caused this
Certificate to be duly executed.
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ROPER INDUSTRIES, INC.
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By:
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Grant Date:
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Brian D. Jellison
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President and Chief Executive Officer
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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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