First Amendment to Cooper Industries Amended and Restated Management Annual Incentive Plan (August 1, 2006)

Summary

This amendment, effective August 1, 2006, modifies the Cooper Industries Amended and Restated Management Annual Incentive Plan. It updates Article XVII to clarify how adjustments will be made to the number of shares available under the plan and to participants' deferred share accounts in the event of corporate changes such as stock splits, mergers, or recapitalizations. The amendment is executed by Cooper US, Inc. and signed by a senior company officer.

EX-10.20 3 h43741exv10w20.htm FIRST AMENDMENT TO AMENDED MANAGEMENT ANNUAL INCENTIVE PLAN exv10w20

Exhibit 10.20

FIRST AMENDMENT TO
COOPER INDUSTRIES
AMENDED AND RESTATED
MANAGEMENT ANNUAL INCENTIVE PLAN

(Amended and Restated February 13, 2006)

WHEREAS, Cooper US, Inc. (the “Company”) maintains the Cooper Industries Amended and Restated Management Annual Incentive Plan (the “Plan”); and

WHEREAS, the Company desires to amend the Plan in certain respects;

NOW, THEREFORE, the Plan is hereby amended, effective as of August 1, 2006 as follows:

1. Article XVII of the Plan is hereby amended in its entirety to read as follows:

If there is a change in the number of outstanding Shares of Common Stock by reason of any stock dividend, stock split or reverse stock split, recapitalization, reclassification, reorganization, merger, consolidation, combination or exchange of Shares, or similar corporate change, an equitable substitution or proportionate adjustment shall be made to:

	(i)		the aggregate number of Shares available for issuance under the Plan; and

	(ii)		number of deferred Shares credited to a Participant’s account pursuant to Section 7.2.

Executed as of this 1^st day of August 2006.

COOPER US, INC.


By:	/s/ David R. Sheil
	David R. Sheil
	Senior Vice President Human Resources and Chief Administration Officer