SENIOR NOTES PRICING AGREEMENT

Exhibit 1.1

SENIOR NOTES PRICING AGREEMENT

CREDIT SUISSE SECURITIES (USA) LLC

GOLDMAN, SACHS & CO.

J.P. MORGAN SECURITIES INC.,

As Representatives of the several Underwriters named in Schedule I hereto,

March 31, 2009

Dear Sirs:

Ingersoll-Rand Global Holding Company Limited (the “Company”) proposes, subject to the terms and conditions stated herein and in the Underwriting Agreement Standard Provisions dated as of March 31, 2009 (the “Underwriting Agreement”), to issue and sell to the Underwriters named in Schedule I hereto (the “Underwriters”) the Securities specified in Schedule II hereto (the “Designated Securities”). The Designated Securities will be guaranteed (the “Guarantee”) to the extent and as provided in the Indenture. Each of the provisions of the Underwriting Agreement is incorporated herein by reference in its entirety, and shall be deemed to be a part of this Agreement to the same extent as if such provisions had been set forth in full herein; and each of the representations and warranties set forth therein shall be deemed to have been made at and as of the date of this Pricing Agreement, except that each representation and warranty with respect to the Prospectus in Section 2 and Section 3 of the Underwriting Agreement shall be deemed to be a representation or warranty as of the date of the Underwriting Agreement in relation to the Prospectus (as therein defined), and also a representation and warranty as of the date of this Pricing Agreement in relation to the Prospectus as amended or supplemented relating to the Designated Securities which are the subject of this Pricing Agreement. Each reference to the Representatives herein and in the provisions of the Underwriting Agreement so incorporated by reference shall be deemed to refer to you. Unless otherwise defined herein, terms defined in the Underwriting Agreement are used herein as therein defined. The Representatives designated to act on behalf of the Representatives and on behalf of each of the Underwriters of the Designated Securities pursuant to Section 13 of the Underwriting Agreement and the address of the Representatives referred to in such Section 13 are set forth at the end of Schedule II hereto.

An amendment to the Registration Statement, or a supplement to the Prospectus, as the case may be, relating to the Designated Securities, in the form heretofore delivered to you is now proposed to be filed with the Commission. Subject to the terms and conditions set forth herein and in the Underwriting Agreement incorporated herein by reference, the Company agrees to issue and sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at the time and place and at the purchase price to the Underwriters set forth in Schedule II hereto, the principal amount of Designated Securities set forth opposite the name of such Underwriter in Schedule I hereto.

If the foregoing is in accordance with your understanding, please sign and return to us two counterparts hereof, and upon acceptance hereof by you, on behalf of each of the Underwriters, this letter and such acceptance hereof, including the provisions of the Underwriting Agreement incorporated herein by reference, shall constitute a binding agreement between each of the Underwriters, the Company and the Guarantor. It is understood that your acceptance of this letter on behalf of each of the Underwriters is or will be pursuant to the authority set forth in a form of Agreement among Underwriters, the form of which shall be submitted to the Company and the Guarantor for examination, upon request, but without warranty on the part of the Representatives as to the authority of the signers thereof.

Signature Page — Pricing Agreement

Accepted as of the date hereof

on behalf of each of the Underwriters:

Signature Page — Pricing Agreement

SCHEDULE I

TO THE SENIOR NOTES PRICING AGREEMENT

SCHEDULE II

TO THE SENIOR NOTES PRICING AGREEMENT

9.500% Senior Notes due 2014

AGGREGATE PRINCIPAL AMOUNT:

U.S. $655,000,000

PRICE TO PUBLIC:

99.992% of the principal amount of the Designated Securities, plus accrued interest, if any, from April 3, 2009

PURCHASE PRICE BY UNDERWRITERS:

99.392% of the principal amount of the Designated Securities, plus accrued interest, if any, from April 3, 2009

METHOD AND SPECIFIED FUNDS FOR PAYMENT OF PURCHASE PRICE:

Same day funds; book-entry form

GUARANTOR:

Ingersoll-Rand Company Limited, a Bermuda company

INDENTURE:

Indenture, dated as of August 12, 2008, as supplemented, between the Company, the Guarantor and Wells Fargo Bank, N.A., as Trustee

APPLICABLE TIME: 4:30 P.M. New York City time on March 31, 2009

MATURITY: April 15, 2014

INTEREST RATE:

9.500%

INTEREST PAYMENT DATES:

April 15 and October 15, beginning October 15, 2009

REDEMPTION PROVISIONS:

Make-whole call at T + 50bps

Change of control put at 101%

TIME OF DELIVERY:

April 3, 2009

CLOSING LOCATION:

Offices of Cravath, Swaine & Moore LLP

Worldwide Plaza

825 Eighth Avenue

New York, NY 10019-7475

NAME AND ADDRESSES OF REPRESENTATIVE:

Designated Representatives:

Credit Suisse Securities (USA) LLC

Attn: Helena Willner

Eleven Madison Avenue

New York, NY 10010

Goldman, Sachs & Co.

Registration Department

85 Broad Street, 11th floor

New York, NY 10004

Fax: (212)  ###-###-####

Attn: Registration Department

J.P. Morgan Securities Inc.

Attention: Maria Sramek

270 Park Avenue

New York, NY 10017