First Amendment to the Dover Corporation Executive Officer Annual Incentive Plan, as amended November 14, 2019

EX-10.3 3 a2019123110-kexhibit103.htm EX-10.3 Document

Exhibit 10.3

FIRST AMENDMENT

to the

Dover Corporation

Executive Officer Annual Incentive Plan

(As Amended and Restated Effective January 1, 2009)

WHEREAS, Dover Corporation has heretofore adopted the Dover Corporation Executive Officer Annual Incentive Plan, as amended and restated effective January 1, 2009 (the "Plan"); and

WHEREAS, the Compensation Committee of the Board of Directors of Dover Corporation deems it advisable to amend the Plan in the manner set forth herein.

NOW, THEREFORE, by virtue and in exercise of the power granted to the Compensation Committee under Section 9(a) of the Plan, the Plan is hereby amended by adding the following new Section 10 of the Plan effective as of the date below written:

"10. Clawback Policy. All Awards shall be subject to such clawback requirements and policies as may be required by applicable laws or Company policies as in effect from time to time."

IN WITNESS WHEREOF, the Board has caused this amendment to be executed by a duly authorized officer of Dover Corporation, this 7^th day of November, 2019.

Dover Corporation

By: /s/ Ivonne M. Cabrera

Its: Senior Vice President, General Counsel

and Secretary