Second Amendment to Cooper Industries Amended and Restated Stock Incentive Plan (February 9, 2005 Restatement)

Summary

This amendment, effective February 13, 2007, updates the Cooper Industries Amended and Restated Stock Incentive Plan, maintained by Cooper US, Inc., a subsidiary of Cooper Industries. The amendment changes how the fair market value of company stock is determined for awards under the plan, specifying it as the closing sales price on the stock exchange for the relevant date, or the most recent prior date with a sale. The amendment was approved by the company's Board of Directors and executed by a senior executive.

EX-10.2 3 h46269exv10w2.htm SECOND AMENDMENT TO AMENDED STOCK INCENTIVE PLAN exv10w2

EXHIBIT 10.2

SECOND AMENDMENT TO
COOPER INDUSTRIES
AMENDED AND RESTATED
STOCK INCENTIVE PLAN
(February 9, 2005 Restatement)

WHEREAS, the Company’s wholly-owned subsidiary, Cooper US, Inc., maintains the Cooper Industries Amended and Restated Stock Incentive Plan (the “Plan”); and

WHEREAS, the Company’s Board of Directors has approved amending the Plan provisions that define how to determine the fair market value of the Company’s stock for awards made under the Plan;

NOW, THEREFORE, effective as of February 13, 2007, Section 2.13 of the Plan is hereby amended in its entirety to read as follows:

“Fair Market Value” of a share of Common Stock, as of any date, means the closing sales price of a share of Common Stock as reported on the Stock Exchange on the applicable date, or if no sales of Common Stock were made on the Stock Exchange on that date, the closing price as reported on the Stock Exchange for the preceding day on which sales of Common Stock were made.

Executed as of this 14^th day of February 2007.

COOPER US, INC.


By:		/s/ James P. Williams
		James P. Williams
		Senior Vice President
		Human Resources