Form of Performance-Based Restricted Stock Unit Agreement

        The parties to this Global Performance-Based Restricted Stock Unit Agreement, including any additional terms and conditions for the jurisdictions in the appendix hereto (the “Appendix” and collectively with this Global Performance-Based Restricted Stock Unit Agreement, the “Agreement”) are Teledyne Technologies Incorporated, a Delaware corporation (the “Company”) and the Executive named at the top of the Agreement (the “Executive”). Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to them in the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan (the “Plan”).

        WHEREAS, the Company has adopted the Plan, which is administered by the Personnel and Compensation Committee (the “Committee”) of the Board of Directors of the Company;

        WHEREAS, the Executive is employed by the Company or a Subsidiary (the "Employer"); and

        WHEREAS, pursuant to Article 9 of the Plan, the Committee has determined to grant to the Executive an Award of Restricted Stock Units as provided herein (the “Award”) to encourage the Executive’s efforts toward the continuing long-term success of the Employer, the Company and its Subsidiaries;

        NOW, THEREFORE, the parties, by their electronic acceptance or authentication in a form authorized by the Company, intending to be legally bound, agree as follows:

        (a)    Effective as of the Date of Grant set forth at the top of this Agreement, the Company hereby grants to the Executive, an Award of Restricted Stock Units in an amount as set forth at the top of this Agreement. The Restricted Stock Units granted pursuant to the Award shall be subject to the Executive providing evidence of the Executive’s acceptance of this Agreement (or the Executive’s estate, if applicable) to the Company. Subject to Section 1.4 of this Agreement, each Restricted Stock Unit represents the right to receive one (1) share of Common Stock at the time and in the manner set forth in Section 1.5 hereof.

        (b)    This Agreement shall be construed in accordance and consistent with, and is subject to, the provisions of the Plan (the provisions of which are hereby incorporated by

reference), as well as any and all determinations, policies, instructions, interpretations, rules, etc., of the Committee in connection with the Plan, including the Administrative Rules adopted with respect to the restricted stock and restricted stock unit program (the “Rules”). The Company reserves the right to amend the Plan and any Rules at any time in its sole discretion, subject to the approval of the Committee. The Executive hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. The Restricted Stock Units will be subject to the terms and conditions of this Agreement and the Plan, whether or not such provisions are agreed to in writing or acknowledged electronically by the Executive or the Company. Notwithstanding anything herein to the contrary, Executive will be deemed to accept such terms unless the Executive affirmatively rejects the grant of Restricted Stock Units, in which case the Award will be cancelled.

        The Restricted Stock Units granted pursuant to this Agreement may not be sold, transferred or otherwise disposed of and may not be pledged or otherwise hypothecated except as specifically provided hereunder or pursuant to the Plan. Any attempt to dispose of Restricted Stock Units or any interest therein in a manner contrary to the restrictions set forth in this Agreement or the Plan shall be null, void and ineffective.

        (a)    Except as otherwise provided in this Agreement, 100% of the Restricted Stock Units granted pursuant to the Award shall vest on [insert vesting date].

        (b)    Notwithstanding Section 1.3(a) above, vesting shall be subject to the performance criteria as set forth on Annex A.

        

        (c)    Notwithstanding Section 1.3(a) or (b) above, if during the applicable Performance Cycle, (i) the Executive’s employment with the Employer terminates for any reason, whether the Executive’s employment is terminated by the Executive or the Employer, with or without just cause, except as otherwise provided in Paragraph 1.3(d), (ii) there occurs a material breach of this Agreement by the Executive or (iii) the Executive fails to meet the tax withholding obligations described in Paragraph 1.6, none of the unvested Restricted Stock Units granted under this Agreement shall vest. For clarity, for purposes of this Agreement, the date of such termination or cessation of the Executive’s employment with the Employer will be determined in accordance with Section 10(k) hereof.

        (d)    If, during the applicable Performance Cycle, the Executive’s employment with the Employer terminates due to the Executive’s death, disability (as determined in the sole discretion of the Committee) or retirement pursuant to the applicable retirement policy (if any) of the Employer or the Company (as applicable) prior to the expiration of the Performance Cycle, the Executive (or the Executive’s beneficiaries) shall continue to hold the Restricted Stock Units through the expiration of the Performance Cycle. At that time, a portion of the Restricted Stock Units shall vest equal to (i) the number of Restricted Stock Units that would have otherwise vested under Section 1.3 had the Executive remained employed by the Employer through the end of the Performance Cycle multiplied by (ii) a fraction, the numerator of which is the number of full months during which the Executive was employed by the Employer from the beginning of the Performance Cycle until the date of the Executive’s termination of employment and the denominator of which is the total number of months in the Performance Cycle (any fractional share of Common Stock resulting from this calculation shall be rounded up to the next whole share).

    (e)    For purposes of this Section 1.3 only, “Employer” shall mean, in addition to the Company or Subsidiary which employs Executive on the date hereof, the Company and any Subsidiary.

        Except as otherwise provided in this Agreement, any and all Restricted Stock Units that do not vest in accordance with Section 1.3 shall be forfeited and shall revert to the Company.

        (a)    In order to satisfy Restricted Stock Units upon the vesting of any portion of the Award pursuant to this Agreement, the Company shall deliver to the Executive the number of shares of Common Stock to which the Executive is entitled pursuant to this Agreement, subject to any applicable withholding of Tax-Related Items.

        (b)    The aggregate number of shares of Common Stock issued by the Company at any particular time pursuant to this Agreement shall correspond to the number of Restricted Stock Units that become vested on the vesting date, with one (1) Restricted Stock Unit corresponding to one (1) share of Common Stock, subject to any withholding of Tax-Related Items as may be required under this Agreement, notwithstanding any delay between the vesting date and the settlement date. Fractional shares of Common Stock will not be issued and will be rounded up to the nearest whole share of Common Stock. The number and kind of shares to be issued pursuant to this Agreement shall be appropriately adjusted to prevent dilution or enlargement of rights by reason of any stock dividend, stock split, combination or exchange of shares, recapitalization, merger, consolidation or other change in capitalization with a similar substantive effect upon each Restricted Stock Unit or the shares issuable in satisfaction of each Restricted Stock Unit. Until such time as shares of Common Stock are issued in satisfaction of a Restricted Stock Unit, as provided hereunder, the Executive shall not be deemed for any purpose to be a stockholder of the Company in respect of any shares as to which the Restricted Stock Unit relates.

        (c)    The Company will satisfy its obligations to deliver Common Stock under this Agreement on the applicable vesting date hereunder or as soon as administratively practicable but no later than thirty (30) days after such vesting date. Notwithstanding the foregoing, with respect to Restricted Stock Units that become vested (other than as a result of the Executive’s death), if the Executive is a “specified employee” within the meaning of Section 409A of the Code as of the date upon which the Executive’s employment with the Employer terminates and settlement of such Restricted Stock Units is required to be delayed pursuant to Section 409A(a)(2)(B)(i) of the Code, then the Company shall satisfy its obligations to deliver Common Stock under this Agreement by the later of (i) the date otherwise required by this Agreement or (ii) the first business day of the calendar month following the date which is six (6) months after the date upon which the Executive incurs a ”separation from service” within the meaning of Section 409A of the Code.

(a)Regardless of any action taken by the Company or the Employer, the ultimate liability for all income tax (including, without limitation, foreign, federal, state and local taxes), social insurance, payroll tax, fringe benefits tax, payment on account or any other tax-related items related to the Executive’s participation in the Plan and legally applicable to him or her (“Tax-Related Items”) is and remains Executive’s responsibility and may exceed the amount, if any, actually withheld by the Company and/or the Employer. The Executive further

acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including, without limitation, the grant of the Restricted Stock Units, the vesting of the Restricted Stock Units, the conversion of the Restricted Stock Units into shares of Common Stock or the receipt of a cash payment, the subsequent sale of any shares of Common Stock acquired at vesting and the receipt of any dividends or dividend equivalents; and (ii) do not commit to structure the terms of the grant or any aspect of the Restricted Stock Units to reduce or eliminate the Executive’s liability for the Tax-Related Items or achieve any particular tax result. Further, if the Executive is subject to Tax-Related Items in more than one jurisdiction, the Executive acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

(b)In connection with any relevant taxable or tax withholding event, as applicable, the Executive agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy any withholding obligations the Company or the Employer may have for Tax-Related Items. To satisfy any withholding obligations of the Company and/or the Employer with respect to Tax-Related Items, the Company or the Employer will generally withhold whole shares of Common Stock which would otherwise be delivered to the Executive having an aggregate Fair Market Value sufficient to cover the withholding obligation for Tax Related Items. Alternatively, or in addition, the Executive authorizes the Company and/or the Employer, as applicable, and their respective agents, at their discretion, to satisfy any withholding obligation for Tax-Related Items by one or a combination of the following:

(i)withholding from the Executive’s wages or other cash compensation payable to the Executive by the Company and/or the Employer, including from any equivalent cash payment received upon vesting of the Restricted Stock Units;

(ii)withholding from proceeds of the sale of shares of Common Stock acquired upon vesting, either through a voluntary sale or a mandatory sale arranged by the Company on the Executive’s behalf and without further consent;

(iii)requiring the Executive to tender a cash payment to the Company or the Employer; or

(iv)any other method acceptable to the Company and permitted under the Plan and applicable law;

provided, however, that if the Executive is subject to Section 16 of the Exchange Act, the Company will withhold shares of Common Stock which would otherwise be delivered to the Executive as provided above in this Section 1.6(b), unless otherwise determined by the Board or the Committee.

(a)The Company may withhold or account for Tax-Related Items by considering statutory or other withholding rates, including minimum or maximum rates applicable in the Executive’s jurisdiction(s). In the event of over-withholding, the Executive may receive a refund of any over-withheld amount in cash (with no entitlement to the equivalent in shares of Common Stock), or if not refunded, the Executive may seek a refund from the local tax authorities. In the event of under-withholding, the Executive may be required to pay any additional Tax-Related Items directly to the applicable tax authority or to the Company and/or the Employer. If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, the Executive will be deemed to have been issued the full number of shares of Common Stock subject to the vested Award, notwithstanding that a number of the shares of Common Stock is held back solely for the purpose of paying the Tax-Related Items.

The Company may refuse to deliver the shares of Common Stock or the proceeds of the sale of shares of Common Stock to the Executive if the Executive fails to comply with Executive’s obligations for Tax-Related Items.

    1.7    Change in Control. Notwithstanding any provision of this Agreement to the contrary, in the event of a Change in Control of the Company during the Performance Cycle, all of the Restricted Stock Units (not otherwise forfeited prior to the Change in Control) shall immediately vest.

    1.8    Committee’s Discretion. Notwithstanding any provision of this Agreement to the contrary, the Committee shall have discretion to adjust the Performance Cycle or waive any restrictions or conditions with respect to all or a portion of the Restricted Stock Units at any time.

    1.9    Defined Terms. Except as expressly elsewhere in this Agreement, for purposes of this Agreement, the capitalized terms set forth below shall have the following meanings:

        (a)    “Fair Market Value” means, on any date, the closing sales price of a share of Common Stock, as reported on the Composite Tape for the New York Stock Exchange Listed Companies on such date or, if there were no sales on such date, on the last date preceding such date on which a sale was reported.

        (b)    “Performance Cycle” shall specifically refer to the period commencing [insert start date] through [insert end date], including any adjustments to such Cycle made by the Committee.

    

    The Executive hereby represents to the Employer and the Company that the Executive has read and fully understands the provisions of this Agreement and the Plan and his or her decision to receive the Award is completely voluntary.

        All notices or communications under this Agreement shall be in writing, addressed as follows:

Any such notice or communication shall be (a) delivered by hand (with written confirmation of receipt) or sent by a nationally recognized overnight delivery service (receipt requested) or (b) be sent certified or registered mail, return receipt requested, postage prepaid, addressed as above (or

to such other address as such party may designate in writing from time to time), and the actual date of receipt shall determine the time at which notice was given.

        The Company may assign any of its rights and obligations under this Agreement without the consent of the Executive. This Agreement shall inure to the benefit of and be binding upon any successors and assigns of the Company. This Agreement shall inure to the benefit of the Executive’s legal representatives. All obligations imposed upon the Executive and all rights granted to the Company under this Agreement shall be binding upon the Executive’s heirs, executors, administrators and successors.

        This Agreement represents the entire agreement of the parties with respect to the subject matter hereof. The provisions of the Plan and any Rules, and as they may be amended from time to time, are incorporated in this Agreement in their entirety. In the event of any conflict between the provisions of this Agreement and the Plan or any Rules, the provisions of the Plan or the Rules, as the case may be, shall control. The Agreement may be amended at any time by written agreement of the parties hereto; provided, however, that the Committee shall have the authority to amend this Agreement in any respect that it deems appropriate in its sole discretion.

        The Plan and the Agreement hereunder shall be administered, interpreted and enforced under the internal laws of the State of Delaware without regard to conflicts of laws thereof. For purposes of litigating any dispute concerning this Agreement or the Plan, the Executive consents to the jurisdiction of the State of California and agrees that such litigation shall be conducted in the courts of Ventura County, California, or the federal courts for the United States for the Central District of California, and no other courts, where this grant is made and/or to be performed.

        If, for any reason, any provision of this Agreement is held to be prohibited or invalid, such invalidity shall not affect any other provision of this Agreement not held so invalid, but such provision shall be interpreted to accomplish the objectives of such provision as originally written to the fullest extent permitted by law, and each such other provision shall to the full extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way affect the rest of such provision not held so invalid, and the rest of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect.

        This Agreement shall not confer or be deemed to confer upon the Executive employment with any of the Company or any of its Subsidiaries. Further, this Agreement shall not confer upon the Executive any right with respect to continuance of employment with the Employer or continuance of participation under the Plan, nor shall it interfere in any way with the right of the Employer to terminate the Executive’s employment at any time. Income realized by the Executive pursuant to this Agreement shall not be included in the determination of

benefits under any benefit plan of the Employer or the Company in which the Executive may be enrolled or for which the Executive may become eligible unless otherwise specifically determined by resolution of the Board. Participation in the Plan during the Performance Cycle shall not entitle the Executive to participate in the Plan during any other Performance Cycle.

In accepting the grant of this Award, Executive acknowledges the following:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

(b)The Award is non-transferrable and non-assignable;

(c)the Award is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been awarded in the past;

(d)all decisions with respect to future Restricted Stock Units or other awards, if any, will be at the sole discretion of the Company;

(e)the Executive is voluntarily participating in the Plan;

(f)the Award and the shares of Common Stock subject to the Restricted Stock Units, and the income from and value of same, are not intended to replace any pension rights or compensation;

(g)the Award and the shares of Common Stock subject to the Restricted Stock Units, and the income from and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar mandatory payments;

(h)unless otherwise agreed with the Company, the Restricted Stock Units and the underlying shares of Common Stock, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Executive may provide as a director of a subsidiary of the Company;

(i)the future value of the underlying shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty;

(j)no claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units resulting from the termination of the Executive’s employment (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Executive is employed or the terms of the Executive’s employment agreement, if any) or enforcement of any applicable recoupment or clawback of such Restricted Stock Units or any shares of Common Stock or other benefits or payments relating to such Restricted Stock Units;

(k)for purposes of participation in the Plan, the Executive’s employment will be considered terminated as of the date the Executive is no longer actively providing services to the Company, the Employer or any other Subsidiary (regardless of the reason for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where the Executive is employed or the terms of the Executive’s employment agreement, if any), and unless otherwise expressly provided in this Agreement or determined by the Committee, the Executive’s right to participate in the Plan will terminate as of such date and will not be extended by any notice period (e.g., the Executive’s period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Executive is employed or the terms of the Executive’s employment agreement, if any); the Committee shall have the exclusive discretion to determine when the Executive is no longer actively providing services for purposes of the Plan (including whether the Executive may still be considered to be providing services while on a leave of absence); and

(l)neither the Company, the Employer nor any subsidiary of the Company shall be liable for any foreign exchange rate fluctuation between the Executive’s local currency and the United States Dollar that may affect the value of the Restricted Stock Units or of any amounts due to the Executive pursuant to the settlement of the Restricted Stock Units or the subsequent sale of any shares of Common Stock acquired upon settlement.

The Company reserves the right to impose other requirements on Executive’s participation in the Plan, on the Award and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with any applicable law or facilitate the administration of the Plan. Executive agrees to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, Executive acknowledges that the laws of the country in which Executive is working at the time of grant, vesting or the sale of shares of Common Stock received pursuant to this Award (including any rules or regulations governing securities, foreign exchange, tax, labor,

or other matters) may subject Executive to additional procedural or regulatory requirements that Executive is and will be solely responsible for and must fulfill.

Notwithstanding any provisions in this Agreement, the Award shall be subject to any different or additional terms and conditions set forth in any appendix to this Agreement (the “Appendix”) for Executive’s country. Moreover, if Executive relocates to one of the countries included in the Appendix, the different or additional terms and conditions for such country will apply to Executive, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement.

    Depending on the Executive’s country or the country in which the shares of Common Stock are listed, the Executive may be subject to insider trading restrictions and/or market abuse laws in the applicable jurisdictions which may affect the Executive’s ability to accept, acquire, sell, attempt to sell or otherwise dispose of shares of Common Stock or rights to shares of Common Stock (e.g., Awards) during such times as the Executive is considered to have “inside information” regarding the Company (as defined by the laws or regulations in applicable jurisdictions). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the Executive places before possessing the inside information. Furthermore, the Executive understands and agrees that such local laws may prohibit the Executive from (a) disclosing the inside information to any third party, including fellow employees (other than on a “need to know” basis) and (b) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under the Company’s then applicable Insider Trading Policy. The Executive understands that he or she is responsible for ensuring compliance with any applicable restrictions and should consult with his or her personal legal advisor on this matter.

    Depending on the Executive’s country, the Executive may be subject to foreign asset or account, exchange control and/or tax reporting requirements as a result of the Executive’s right to acquire, hold, and/or transfer of shares of Common Stock or cash resulting from participation in the Plan and/or the opening and maintaining of a brokerage or bank account in connection with the Plan. The Executive may be required to report such assets, accounts, account balances and values, and/or related transactions to applicable authorities in the Executive’s country. The Executive also may be required to repatriate sale proceeds or other funds received as a result of the Executive’s participation in the Plan to the Executive’s country through a designated bank or broker and/or within a certain time after receipt. The Executive acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset or account, exchange control and tax reporting and other requirements. The Executive further understands that he or she should consult his or her personal tax and legal advisors, as applicable, on these matters.

    The Executive acknowledges that he or she is sufficiently proficient in English or has consulted with an advisor who is sufficiently proficient in English, so as to allow the Executive to understand the terms and conditions of this Agreement. Furthermore, if the Executive has received this Agreement, the Appendix and/or any other document related to the Plan translated

into a language other than English and if the meaning of the translated version is different than the English version, the English version will control.

    The Executive acknowledges that the Company may, in its sole discretion, decide to deliver any documents related to the Executive’s current or future participation in the Plan by electronic means and/or may request the Executive’s consent to participate in the Plan by electronic means. The Executive hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company.

    The Executive acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Executive or any other participant in the Plan.

    No rule of strict construction shall be implied against the Employer, the Company, the Committee or any other person in the interpretation of any of the terms of the Plan, Rules, this Agreement or any rule or procedure established by the Committee.

    Wherever the word “Executive” is used in any provision of this Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the Restricted Stock Units may be transferred by will or the laws of descent and distribution, the word “Executive” shall be deemed to include such person or persons.

    The Executive agrees, upon demand of the Employer, the Company or the Committee, to do all acts and execute, deliver and perform all additional documents, instruments and agreements which may be reasonably required by the Employer, the Company or the Committee, as the case may be, to implement the provisions and purposes of this Agreement, the Plan and any Rules.

If the percentile ranking does not equal a ranking shown in the above table, the percentage of the Restricted Stock Units that vest will be determined by a linear interpolation between the next lowest percentile shown in the table and the next highest percentile shown on the table.

•If the percentile ranking is below the 25th percentile, none of the Restricted Stock Units will vest.

For purpose of this Agreement, “S&P 500 Index” means the comparison group consisting of each of the companies that comprise the S&P 500 as of the beginning of the Performance Cycle, excluding any companies that have been removed from the Index during the Performance Cycle.

As soon as reasonably practicable following the end of the Performance Cycle, the Committee will determine and certify the extent to which the Company has met the total shareholder return

performance criteria and the extent to which, if any, the Restricted Stock Units have then vested. Following the vesting date as set forth in Section 1.3(a) of the Agreement and the Committee’s determination and certification of the performance criteria, Executive will receive the number of shares of Common Stock equal to the number of vested Restricted Stock Units. The Restricted Stock Units (vested and unvested) will terminate once the shares of Common Stock are issued.

Certain capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan and/or the Agreement.

This Appendix includes different or additional terms and conditions that govern the Award granted to the Executive under the Plan if he or she resides and/or works in one of the countries listed below. If the Executive is a citizen or resident (or is considered as such for local law purposes) of a country other than the country in which the Executive is currently residing and/or working, or if the Executive relocates to another country after the Award is granted, the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall be applicable to the Executive.

This Appendix may also include information regarding securities, exchange controls and certain other issues of which the Executive should be aware with respect to participation in the Plan. The information is based on the securities, exchange control, and other laws in effect in the respective countries as of [insert date]. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Executive not rely on the information in this Appendix as the only source of information relating to the consequences of his or her participation in the Plan because the information may be out of date at the time the Executive vests in the Restricted Stock Units or sells shares of Common Stock acquired under the Plan.

In addition, the information contained herein is general in nature and may not apply to the Executive’s particular situation, and the Company is not in a position to assure the Executive of a particular result. Accordingly, the Executive should seek appropriate professional advice as to how the relevant laws in his or her country may apply to the Executive’s individual situation.

Finally, if the Executive is a citizen or resident (or is considered as such for local law purposes) of a country other than the country in which the Executive is currently residing and/or working, or if the Executive relocates to another country after the Award is granted, the notifications contained herein may not be applicable to the Executive in the same manner.