ITT Industries, Inc. 2003 Equity Incentive Plan Restricted Stock Award Agreement for Employees

Summary

This agreement is between ITT Industries, Inc. and an employee who is granted a restricted stock award under the company's 2003 Equity Incentive Plan. The employee will receive a specified number of ITT Industries common shares, which will vest in installments over a set period, provided the employee remains continuously employed. During the restriction period, the employee has dividend and voting rights, but the shares are held by the company. Unrestricted shares are issued after the vesting period and payment of applicable taxes.

EX-10.29 3 y08831exv10w29.txt FORM OF RESTRICTED STOCK AWARD FOR EMPLOYEES [ITT INDUSTRIES LOGO] ITT INDUSTRIES, INC. 2003 EQUITY INCENTIVE PLAN NOTICE OF AWARD DATE OF AWARD - -------------------------------------------------------------------------------- NAME ITT ORGANIZATION ITT INDUSTRIES, INC. RESTRICTED STOCK AWARD (Under the ITT Industries, Inc. 2003 Equity Incentive Plan) You have been granted an ITT Industries restricted stock award as follows: # SHARES shares of ITT Industries common stock This award of restricted stock will vest in installments of xxxx shares after xxxx years from the date of grant or [DATE]; and xxxx shares after xxxx years from date of grant or [DATE]. During the restriction period, you will enjoy the benefits of share ownership including dividend payments and voting rights. A legended certificate evidencing your award will be held by the Company during the period of restriction. Provided that you have been continuously and actively employed by the Company during the entire period of restriction, you will be issued an unrestricted share certificate upon the satisfactory payment to the Company of applicable taxes. Please refer to the attached copy of the Plan for the additional information pertaining to your award. Please indicate your acceptance of the above award, the terms and conditions as described herein the attachments by executing both copies of this Notice and returning one copy to John O. Alfheim, ITT Industries, Inc., 4 West Red Oak Lane, White Plains, NY 10604. I hereby accept the terms and conditions (signed by Scott A. Crum) of this Notice of Award: ITT INDUSTRIES, INC. - ------------------------------------------- Signature of Awardee Date Mailing Address: Social Security #: xxx-xx-xxxx Citizenship: country 2005rsawardform