AMENDMENT NO. 4 TO RIGHTS AGREEMENTRights Agreement • December 17th, 2007 • Trane Inc. • Air-cond & warm air heatg equip & comm & indl refrig equip • Delaware
AMENDMENT NO. 4 (this “Amendment”), dated as of December 15, 2007, to the Rights Agreement, dated as of January 5, 1995 and amended as of January 13, 2003, February 6, 2003 and August 20, 2003 (the “Rights Agreement”), between Trane Inc. (formerly known as American Standard Companies Inc.), a Delaware corporation (the “Company”), and The Bank of New York, as Rights Agent (the “Rights Agent”). Capitalized terms used herein without definition shall have the meanings given to them in the Rights Agreement.
December 15, 2007 Frederic M. Poses Trane Inc. One Centennial Avenue Piscataway, NJ 08855-6820 Dear Fred:Trane Inc. • December 17th, 2007 • Air-cond & warm air heatg equip & comm & indl refrig equip
This will confirm our agreement to extend your term of service as Chief Executive Officer of Trane Inc., on the terms and conditions set forth below, beyond the expiration of the term of your current employment agreement with the Company, which will expire in accordance with its terms on December 31, 2007.
