Black & Decker 2012 Annual Report Download - page 140

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126
(II) the Company or any Person publicly announces an intention to take or to consider taking
actions which, if consummated, would constitute a Change in Control;
(III) any Person becomes the Beneficial Owner, directly or indirectly, of securities of the
Company representing 15% or more of either the then outstanding shares of common stock of the Company
or the combined voting power of the Company's then outstanding securities (not including in the securities
beneficially owned by such Person any securities acquired directly from the Company or its affiliates); or
(IV) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential
Change in Control has occurred.
(BB) “Retirement” shall be deemed the reason for the termination by the Executive of the Executive's
employment if such employment is terminated in accordance with the Company's retirement policy, including early
retirement, generally applicable to its salaried employees.
(CC) “section 409A” shall mean section 409A of the Code and any proposed, temporary or final
regulation, or any other guidance, promulgated with respect to section 409A by the U.S. Department of Treasury or
the Internal Revenue Service.
(DD) “Severance Payments” shall have the meaning set forth in Section 6.1 hereof.
(EE) “Solicit” means any direct or indirect communication of any kind whatsoever (other than non-
targeted general advertisements), regardless of by whom initiated, inviting, advising, encouraging or requesting any
person or entity, in any manner, with respect to any action.
(FF) “Subsidiary” means any corporation or other business organization of which the securities having a
majority of the normal voting power in electing the board of directors or similar governing body of such entity are, at
the time of determination, owned by the Company directly or indirectly through one or more Subsidiaries.
(GG) “Tax Counsel” shall have the meaning set forth in Section 6.2 hereof.
(HH) “Term” shall mean the period of time described in Section 2 hereof (including any extension,
continuation or termination described therein).
(II) “Total Payments” shall mean those payments so described in Section 6.2 hereof.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
STANLEY BLACK & DECKER, INC.
By: ________________________________
Name:
Title:
____________________________________
EXECUTIVE
Address: