Proprietary AgreementNon-Compete Agreement

Your base salary will be set at an annual rate of $290,628 (Two Hundred Ninety Thousand Six Hundred and Twenty Eight U.S. dollars) which will be paid bi-weekly. You will be eligible for merit increase consideration during the annual merit increase cycle. You will continue to earn a base salary at your current rate through the Transaction Date.

This position is “incentive eligible,” which means you will participate in the Allegion Annual Incentive Plan (“AIP”) which will be designed and approved prior to the Transaction Date. Your annual opportunity is targeted at 60% of your base salary or $174,377. The actual award that you may receive can range from 0% to 200% of the targeted amount depending upon your performance and the performance of Allegion.

You will be eligible to receive annual equity awards under the Allegion Incentive Stock Plan (“ISP”) as administered by the Allegion Compensation Committee of the Board (“Committee”). The ISP will be developed and approved for implementation prior to the Transaction Date. Your annual opportunity has a targeted value of $150,000 and the number of stock options, Restricted Stock Units (“RSUs”), and/or Performance Share Units (“PSUs”) granted will be based on the Fair Market Value (“FMV”) of Allegion’s ordinary shares on the date the Committee approves the award. The mix of equity awards, the terms, and the design of the Performance Share Program (“PSP”) is intended to be similar in nature as provided to Ingersoll Rand plan participants, however, the final design will be determined by the Committee. The PSP will measure performance over a three-year period, therefore, the award granted to you in 2014 would be settled in early 2017 (based on performance during the 2014 to 2016 measurement period). Your first grant of stock options, RSUs, and/or PSUs is expected to occur within 90 days of the Transaction Date. Annual equity grants are contingent on and variable with your sustained performance and demonstrated leadership potential.

When you consider each of the above items, your Total Annual Direct Compensation (“TDC”) target is $615,005.

You will be eligible for continued participation in the Transition Bonus program with a $280,000 opportunity. This cash bonus will be paid to you in two installments (50% on the Transaction Date and 50% one year later). To be eligible for a payment, you must be actively employed by Allegion on each of the payment dates. This bonus is contingent on the transaction actually taking place. If the transaction is not finalized, the bonus will not be paid.

You will be eligible to participate in all applicable benefit programs offered to Allegion salaried employees in accordance with the terms and conditions of those programs including qualified and non-qualified 401k and pension plans. Please note that your medical, dental and life insurance coverage with Allegion will commence on January 1, 2014, however, you will continue to be covered under the Ingersoll Rand plans through December 31, 2013.

You will be eligible to participate in the following programs offered to Officers of Allegion:

Deferred Compensation Plan:     You will be eligible to participate in a deferred compensation plan that will be established by Allegion. The value of accrued benefits under the IR deferred compensation plan will be transferred to the Allegion plan.

Financial Counseling:     You will be eligible for a tax, estate, and financial planning services allowance up to $11,000 in your first (and last) year and $9,000 per year thereafter. The cost for these services is imputed to your annual income.

Executive Health Program: You will be eligible to participate in an executive physical examination program that will be established for Allegion in an amount not to exceed $1,500 annually.

You will be eligible for paid vacation, which in your case is four (4) weeks. Vacation days will be earned and accrued on a monthly basis each calendar year.

You will participate in the Allegion Change in Control Plan (“CIC Plan”), which provides economic security in the form of cash payments to the participant and enhanced coverage under certain benefit plans in the event of a loss of job caused by the sale of all or a substantial part of Allegion (in accordance with the CIC Plan). Your severance payment under the CIC Plan will be equal to 1.5 times your base salary plus your annual incentive target. No excise tax gross-ups will be provided, however, your CIC related cash severance benefit will be adjusted to provide you with the greater after-tax benefit between:

Cash severance payments paid in full, with you being responsible for all taxes incurred,

Cash severance payments reduced to avoid triggering excise taxes.

Based on your role in Allegion, you are restricted from transactions involving ordinary shares of Company stock (exercising options, moving in or out of ordinary shares held in company plans, or buying or selling ordinary shares on the open market) except during designated window periods. Furthermore, you will be required to comply with the Allegion stock ownership requirements, which is $500,000 for your role. You will have 5 years to reach this ownership level (at a rate of 20% per year).

Understanding and agreement that your employment is to be “at will”. This means that you or Allegion, for any reason or no reason, may terminate employment and that nothing in this offer is intended to create a contract of employment for any period of time.

Understanding, agreeing, signing and returning the Non-Compete and Proprietary Information agreements.