AMENDMENT NO. 1 TO THE 2002 STOCK INCENTIVE PLAN OF AMETEK, INC. (as Amended and Restated Effective April 24, 2007)

Exhibit 10.23

AMENDMENT NO. 1 TO THE

2002 STOCK INCENTIVE PLAN OF

AMETEK, INC.

(as Amended and Restated Effective April 24, 2007)

WHEREAS, AMETEK, Inc. (the “Corporation”) adopted the 2002 Stock Incentive Plan of AMETEK, Inc., which Plan was amended and restated effective April 24, 2007 (the “Plan”); and

WHEREAS, Section 18 of the Plan permits the Board of Directors of the Corporation or the Compensation Committee of the Board of Directors to amend the Plan; and

WHEREAS, the Board of Directors of the Corporation now desires to amend the Plan in certain respects;

NOW, THEREFORE, the Plan is hereby amended as follows:

“Furthermore, except in connection with a corporate transaction involving the Corporation (including, without limitation, any stock dividend, distribution (whether in the form of cash, Shares, other securities or other property), stock split, extraordinary cash dividend, recapitalization, Change in Control, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities, or similar transaction(s)), the Corporation may not, without obtaining stockholder approval, cancel outstanding Options or Rights with an exercise price above the current stock price in exchange for cash or other securities”

IN WITNESS WHEREOF, this Amendment has been executed by a duly authorized officer of the Corporation as of the 6^th day of February, 2013.