Retention and Incentive AwardRetention and Incentive Award • May 3rd, 2013 • Illinois Tool Works Inc • General industrial machinery & equipment
Illinois Tool Works Inc. (“ITW”) is considering strategic alternatives that may result in the separation of the Industrial Packaging Segment (the “Business”) from the rest of ITW (any such separation is referred to in this letter agreement as, the “Transaction”). In appreciation for your continued support and dedication to the Business, which includes the successful execution and closing of the Transaction (the “Closing”); ITW is offering you a Retention and Incentive Award (“Award”).
