<SEC-DOCUMENT>0001193125-18-084003.txt : 20180315
<SEC-HEADER>0001193125-18-084003.hdr.sgml : 20180315
<ACCEPTANCE-DATETIME>20180315160155
ACCESSION NUMBER:		0001193125-18-084003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180314
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180315
DATE AS OF CHANGE:		20180315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENTAIR plc
		CENTRAL INDEX KEY:			0000077360
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
		IRS NUMBER:				981050812
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11625
		FILM NUMBER:		18692352

	BUSINESS ADDRESS:	
		STREET 1:		43 LONDON WALL
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC2M 5TF
		BUSINESS PHONE:		763-545-1730

	MAIL ADDRESS:	
		STREET 1:		C/O PENTAIR MANAGEMENT COMPANY
		STREET 2:		5500 WAYZATA BLVD
		CITY:			GOLDEN VALLEY
		STATE:			MN
		ZIP:			55416

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PENTAIR LTD
		DATE OF NAME CHANGE:	20121003

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PENTAIR INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PENTAIR INDUSTRIES INC
		DATE OF NAME CHANGE:	19790327
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d541788d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): March&nbsp;14, 2018 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission file number <FONT STYLE="white-space:nowrap">001-11625</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Pentair plc </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name
of Registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Ireland</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">98-1141328</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification number)</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>43 London Wall, London, EC2M 5TF United Kingdom</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices, including Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">44-207-347-8925</FONT></FONT></FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Pentair plc (the &#147;Company&#148;) previously announced its intention to separate into two independent,
publicly-traded companies (the &#147;Separation&#148;) and disclosed that Randall J. Hogan will retire as Chairman and Chief Executive Officer of the Company and join the Board of Directors of nVent Electric plc serving as Chairman upon completion
of the Separation. On March&nbsp;14, 2018, the Company entered into a Retirement Agreement with Mr.&nbsp;Hogan that was approved by the Compensation Committee of the Board of Directors of the Company (the &#147;Retirement Agreement&#148;). Pursuant
to the Retirement Agreement, Mr.&nbsp;Hogan will: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">retire as Chairman and Chief Executive Officer of the Company at the effective time of the Separation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provide consulting services to the Company from the date of the Separation through August&nbsp;31, 2020, for up to 40 hours per calendar year, prorated for any partial year; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">not accept a position with another entity with a start date prior to the date of the Separation, unless he has incurred an involuntary termination of employment not for cause or a voluntary termination of employment for
good reason, or the Compensation Committee of the Board of Directors of the Company has otherwise given consent; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">comply with the terms of the noncompetition, <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> <FONT STYLE="white-space:nowrap">non-disparagement,</FONT> confidentiality and intellectual property covenants
applicable to him under other agreements. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In exchange, and provided Mr.&nbsp;Hogan is not terminated for cause prior to the
date of the Separation, the Company will: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provide Mr.&nbsp;Hogan with office space, secretarial support, office services and IT services from the date of the Separation through August&nbsp;31, 2020; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">continue to cover Mr.&nbsp;Hogan and his dependents under the Company&#146;s active employee medical and dental plans at the Company&#146;s expense through August&nbsp;31, 2020; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reimburse Mr.&nbsp;Hogan for expenses incurred in connection with his consulting services. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Retirement Agreement is qualified in its entirety by reference to the full copy of the Retirement Agreement,
a copy of which is filed as Exhibit 10.1 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated by reference herein. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements of
Business Acquired </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not applicable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Pro Forma Financial Information </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not applicable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Shell Company Transactions </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not applicable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The exhibit listed in the accompanying Exhibit Index is being filed herewith: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Exhibit Index </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d541788dex101.htm">Retirement Agreement, dated as of March&nbsp;14, 2018, between Pentair plc and Randall J. Hogan. </A></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized, on March&nbsp;14, 2018. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PENTAIR PLC</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Registrant</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Angela D. Jilek</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Angela D. Jilek</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, General Counsel and Secretary</TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d541788dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ROWSPAN="6"> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g541788g10t81.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">+1.763.545.1730 main</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">+1.763.656.5494 fax</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">5500&nbsp;Wayzata&nbsp;Blvd,&nbsp;Suite&nbsp;600</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Minneapolis, MN 55416</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">United States</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">www.pentair.com</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;14, 2018 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Randall&nbsp;J. Hogan </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chairman and Chief Executive
Officer </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pentair plc </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Re:&nbsp;&nbsp;&nbsp;&nbsp;Retirement Agreement </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear
Randy: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am pleased to confirm in this letter (the &#147;Agreement&#148;) additional terms and conditions related to the valuable services that you
provide to Pentair plc (&#147;Pentair&#148; or the &#147;Company&#148;) and its shareholders. This Agreement shall become effective upon being signed by you and the Company. The benefits and support described herein are being provided in
consideration for your agreement to (i)&nbsp;remain as the Chairman of the Board of Directors of the Company (the &#147;Board&#148;) and the Company&#146;s Chief Executive Officer (&#147;CEO&#148;) through the effective time of the <FONT
STYLE="white-space:nowrap">spin-off</FONT> of nVent Electric plc from the Company (the &#147;Spinoff Date&#148;), (ii) provide the consulting services described in Section&nbsp;1, and (iii)&nbsp;refrain from taking certain actions as described in
Section&nbsp;2. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;Post-Retirement Consulting Services </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the period beginning with the Spinoff Date (or, if earlier, your termination of employment under Section&nbsp;5) and ending August&nbsp;31, 2020 (the
&#147;Consulting Period&#148;), you agree to make yourself reasonably available during normal working hours to consult with the CEO or Board, or their respective delegates, at their discretion and at no additional cost, for up to forty
(40)&nbsp;hours per calendar year, prorated for any partial year (the &#147;Consulting Services&#148;). You will be reimbursed for expenses incurred in connection with providing the Consulting Services in accordance with Company policy. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;Conditions Applicable to Benefits and Support Granted Under This Agreement </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The rights and benefits described in this Agreement are subject to the following terms and conditions (collectively the &#147;Conditions Precedent&#148;): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Prior to the Spinoff Date, and other than positions you currently hold, you may not accept a position with another company, organization or entity, including any governmental agency or quasi-governmental body, which has
a start date that is prior to the Spinoff Date, unless (A)&nbsp;you incur an involuntary Termination of Employment not for Cause or a voluntary Termination of Employment for Good Reason prior to the Spinoff Date, or (B)&nbsp;the Compensation
Committee has otherwise consented to your service in such position; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You have not violated the terms of the noncompetition, <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> <FONT STYLE="white-space:nowrap">non-disparagement,</FONT> confidentiality or intellectual property
covenants applicable to you under any equity grant agreement or <FONT STYLE="white-space:nowrap">non-qualified</FONT> deferred compensation plan that contains such covenants; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You must not be terminated for Cause prior to the Spinoff Date; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You must retire as Chairman of the Board and CEO on the Spinoff Date;<I> and</I> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You must provide the Consulting Services. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the Company determines, in its good faith judgment, that you
have not satisfied one or more of the Conditions Precedent, Pentair shall have the right to cease providing and/or recoup the value of any consideration you realize pursuant to Section&nbsp;4 of this Agreement and/or discontinue the provision of any
post-retirement support described in Section&nbsp;3 of this Agreement; <I>provided, however</I>, that the Company shall not have any of the rights or remedies described in this sentence unless (A)&nbsp;the Company gives you written notice of its
intention to terminate your benefits and support under this Agreement, setting forth in reasonable detail your specific conduct that the Company considers to constitute a violation of the Conditions Precedent and the specific provision of this
Section&nbsp;2 on which it relies, and stating the date, time and place of a Compensation Committee meeting relating thereto (which shall be no less than thirty (30)&nbsp;days following the date you receive such written notice), (B) you are given an
opportunity to cure such conduct within thirty (30)&nbsp;days following receipt of such notice, if cure is possible, and an opportunity to be heard at the Compensation Committee meeting, and (C)&nbsp;a resolution is duly adopted at the Compensation
Committee meeting stating that, in the good faith determination of the Compensation Committee, you are guilty of the conduct described in the written notice, such conduct has not been cured and such conduct constitutes a violation of the Conditions
Precedent. This Agreement is intended to supplement, not supersede, any other rights Pentair may have to recoup equity awards under applicable law (including the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer
Protection Act) or the terms of the applicable stock plans or grant agreements, or to pursue other rights or remedies described more fully in any other agreement between you and the Company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;Post-Retirement Support </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If you
satisfy the Conditions Precedent (as described in Section&nbsp;2), as consideration for the Consulting Services, Pentair shall provide you with (or arrange for the provision to you of) office space, secretarial support, office services (at a single
location reasonably selected by you (the &#147;Base Location&#148;)) and IT services (at the Base Location and two other locations reasonably selected by you from time to time (collectively, the &#147;IT Support Locations&#148;)), for the duration
of the Consulting Period (collectively &#147;Support Services&#148;). The Support Services shall generally be located at and supporting you from the Base Location; <I>provided, however</I>, IT services shall be provided <FONT
STYLE="white-space:nowrap">on-</FONT> site at the IT Support Locations either directly by Pentair or through a third-party licensed contractor supervised by Pentair, and remotely to the extent reasonably practicable while you are traveling away from
the IT Support Locations. While it is anticipated that our obligation to provide you with secretarial support will be satisfied by nVent providing such support to you (and other <FONT STYLE="white-space:nowrap">non-employee</FONT> directors) during
the period you serve on nVent&#146;s board of directors, you may hire one assistant (&#147;Assistant&#148;) at a compensation package comparable to the compensation package available to your executive assistant as of Spinoff Date if such support is
not provided by nVent for any reason. Your Assistant shall be assigned to the Base Location; <I>provided, however</I>, if you would like the Assistant to travel with you (whether to any other IT Support Location or otherwise), any incremental costs
thereof shall be your sole responsibility. You shall be solely responsible for all income taxes arising from the provision of the Support Services. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;Continued Medical and Dental Coverage </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the Consulting Period, as consideration for the Consulting Services, you shall continue to be covered, at the expense of the Company, under the
Company&#146;s active employee medical and dental plans at the same level of coverage (e.g., employee-only, family, etc.) that you had in place at the time of your retirement. You shall be solely responsible for all income taxes arising from the
provision of this coverage. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;Termination Other Than for Cause </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event you incur an involuntary Termination of Employment not for Cause (including a Termination of Employment due to disability) or a voluntary
Termination of Employment for Good Reason on or prior to the Spinoff Date, without limitation to any rights you have under any other plan, agreement or arrangement with Pentair, you will be deemed to have met the requirement that you remain employed
as CEO at least through the Spinoff Date and you shall therefore be entitled to the benefits and support described in Sections 3 and 4 of this Agreement on the date of such Termination of Employment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;Termination for Cause </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the
event you are terminated by the Company for Cause prior to the Spinoff Date, this Agreement shall immediately terminate and the Company shall cease to have any further obligation to provide any of the payments or benefits described in Sections 3 and
4 of this Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;Death </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt (without limitation to any rights you have under any other plan, agreement or arrangement with Pentair), upon your death, your
surviving spouse shall be entitled to the benefits described in Section&nbsp;4 of this Agreement (and you will be deemed to have complied with and satisfied all of the Conditions Precedent with respect to such benefits). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;Modification and Waiver </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
Agreement may be amended or modified only by an agreement in writing. The failure by you or the Company to declare a breach or otherwise to assert its rights under this Agreement shall not be construed as a waiver of any right that you or the
Company has under this Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;Defined Terms </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Capitalized terms used in this Agreement that are not otherwise defined will have the meaning assigned to such terms under the Key Executive Employment and
Severance Agreement dated 31<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> day of December, 2008 between you and Pentair (the &#147;KEESA&#148;), even if such KEESA is not effective. For the avoidance of doubt, this Agreement does not
amend, replace or trigger benefits under the KEESA. Rather, such agreement and this Agreement are to be read independently of each other with respect to the awards and benefits covered thereby. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;Agreement to Retire </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You agree
that you will tender your resignation as the Company&#146;s Chairman and CEO on the Spinoff Date. Accordingly, your termination of employment as Pentair&#146;s CEO or as Chairman shall not be treated as other than a voluntary resignation under any
other agreement between you and the Company or otherwise. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;Dispute Resolution and Governing Law </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Agreement and the rights and obligations hereunder shall be governed by and construed in accordance with the laws of the State of Minnesota, without
reference to the conflict of law principles thereof. Any dispute arising out of this Agreement shall, at the Executive&#146;s election, be determined by arbitration under the rules of the American Arbitration Association then in effect (in which
case both parties shall be bound by the arbitration award) or by litigation. Whether the dispute is to be settled by arbitration or litigation, the venue for the arbitration or litigation shall be Minneapolis, Minnesota or, at the Executive&#146;s
election, if the Executive is not then residing or working in the Minneapolis, Minnesota metropolitan area, in the judicial district encompassing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the city in which the Executive resides; <I>provided, that</I>, if the Executive is not then residing in the United States, the election of the Executive with respect to such venue shall be
either Minneapolis, Minnesota or in the judicial district encompassing that city in the United States among the thirty cities having the largest population (as determined by the most recent United States Census data available at the Termination
Date) which is closest to the Executive&#146;s residence. The parties consent to personal jurisdiction in each trial court in the selected venue having subject matter jurisdiction notwithstanding their residence or situs, and each party irrevocably
consents to service of process in the manner provided hereunder for the giving of notices. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;Section 409A </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You and the Company intend that any amounts payable hereunder that could constitute &#147;deferred compensation&#148; within the meaning of Section&nbsp;409A
of the Internal Revenue Code of 1986, as amended (&#147;Section&nbsp;409A&#148;) shall comply with Section&nbsp;409A, and this Agreement shall be administered, interpreted and construed in a manner that does not result in the imposition of
additional taxes, penalties or interest under Section&nbsp;409A. If any <FONT STYLE="white-space:nowrap">in-kind</FONT> benefit or expense reimbursement made hereunder shall be determined to be &#147;deferred compensation&#148; within the meaning of
Section&nbsp;409A, then (i)&nbsp;the amount of the <FONT STYLE="white-space:nowrap">in-kind</FONT> benefit or expense reimbursement during one taxable year shall not affect the amount of the <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits
or expense reimbursement during any other taxable year, (ii)&nbsp;the expense reimbursement shall be made on or before the last day of your taxable year following the year in which the expense was incurred and (iii)&nbsp;the right to <FONT
STYLE="white-space:nowrap">in-kind</FONT> benefits or expense reimbursement hereunder shall not be subject to liquidation or exchange for another benefit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please indicate your acceptance of the terms and conditions of this letter by returning a signed copy of this letter to my attention. Thank you. We look
forward to your continued leadership. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ David A. Jones</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">David A. Jones, Chairman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Compensation Committee of the Board of Directors</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Pentair plc</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Read and Accepted: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="50%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Randall J. Hogan</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Date: <U>March&nbsp;14, 2018</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Randall J. Hogan</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g541788g10t81.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g541788g10t81.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MSI)-[&4*L9Z=3H<USFH9H ,T &: #- !F@ S0 9H ,T &: #- !F@ S0 9H
M,T &: #- !F@ S0 9H ,T +0 4 (>E #%D1I6B#J74 E<\@'I_*E=7L*ZO8^
M7;VYN;+Q3>7-G*\5S%>2M&Z?>!#FOIXI2II/:R/);:DVCV[P/\0;/Q-:QVMX
M\=OJR_*8R<";C[R?ER.U>-B<+*D[QV.^E64U9[G;5Q'0% !0 4 % !0 4 %
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MCR/1H?PT9_Q=_P"1#E_Z^(O_ $*M,!_&^3)Q/\,/A%_R(<?_ %\2_P Z,?\
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M%'!K\+[1?%P\0?VI/YGVO[5Y/EKMSNW;<]<5W?7'[+V=NECG]@N?FN=Y7"=
M4 >73?!2PFFDD;6KGYW+8\I>,G->FLQDE;E.1X5/J1_\*/T[_H,W'_?E*?\
M:4OY1?5%W.L?P3;OX"3PI]ME$* #SP@W</NZ=/:N58AJM[6QM[)>SY+EOPCX
M7B\):1)I\-U)<J\QEWNH!!( QQ]*BO6=:7,U8JG3]FK&?XM^'NF>*[B*Z>1[
M.\7AIHE!,B]@P/7'K6E#%3HJVZ(J48SU-OP[HJ>'M!M=*BF:9+<$"1P 3EB>
M@^M8U:GM9N;ZFD(\D5$@\5>'(O%.B-IDUR]NC2*^]%!/RG/>G0JNC/F2%4AS
MQL'A7PY%X5T1=,AN7N$61GWNH!Y.<<45ZKK3YFK!3AR1L<[9_"^PC\1R:SJ-
M]+J3R.\C0SQ+L9F]1W ST^E=$L;+V?)%6,UAUS<S=SI/^$3\.?\ 0"T__P !
MD_PKG]O5_F?WFOLX=CG--^&=MI/BE=<LM4FA*S-(+=8E"!6SE/I@XKHGC'.G
M[.2,HT%&7,F3ZG\.[;4_&2>(VU&:.598I/)"*5^3&!GKSBIABW"E[*PY44Y\
M]RWXR\$P>,19":]EM?LI<CRT#;MV/7Z5.'Q#H7LKW'5I*I;4U- T.'0?#UMH
MZR&YB@5EW2*/F!)/(Z=ZRJU'4FY[%PAR1Y3E=/\ A;;:1XC35].UBZMRDI<0
MJBXVD\IGT(XKJGC7.GR2B8QPZC+F3/0:X#I"@!#TH 2@#PGPWX#G\4^)]1N[
ML-#I,5Y+O<<&8AS\J_U->Y5Q*HTTEO9'GPHN<FWL>X6EG;6%LEM:0)! @PJ(
MN *\64G)W9WI)*R)JD84 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 .H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
)H * "@ H __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
