<SEC-DOCUMENT>0001104659-22-058721.txt : 20220511
<SEC-HEADER>0001104659-22-058721.hdr.sgml : 20220511
<ACCEPTANCE-DATETIME>20220511143353
ACCESSION NUMBER:		0001104659-22-058721
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20220511
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20220511
DATE AS OF CHANGE:		20220511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WATTS WATER TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000795403
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				042916536
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11499
		FILM NUMBER:		22913215

	BUSINESS ADDRESS:	
		STREET 1:		815 CHESTNUT ST
		CITY:			NORTH ANDOVER
		STATE:			MA
		ZIP:			01845
		BUSINESS PHONE:		9786881811

	MAIL ADDRESS:	
		STREET 1:		815 CHESTNUT STREET
		CITY:			NORTH ANDOVER
		STATE:			MA
		ZIP:			01845

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WATTS INDUSTRIES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm2214626d1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:us-roles="http://fasb.org/us-roles/2021-01-31" xmlns:country="http://xbrl.sec.gov/country/2021" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:wts="http://wattswater.com/20220511">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02A_US%2DGAAP%2D2021 -->
<!-- Field: Set; Name: xdx; ID: xdx_036_wts_wattswater.com_20220511 -->
<!-- Field: Set; Name: xdx; ID: xdx_04D_20220511_20220511 -->
<!-- Field: Set; Name: xdx; ID: xdx_05D_edei%2D%2DEntityCentralIndexKey_0000795403 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityCentralIndexKey">0000795403</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:booleanfalse" name="dei:AmendmentFlag">false</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="wts-20220511.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="From2022-05-11to2022-05-11">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000795403</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-05-11</xbrli:startDate>
        <xbrli:endDate>2022-05-11</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="margin: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>WASHINGTON, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="margin: 0pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM&#160;<span id="xdx_907_edei--DocumentType_c20220511__20220511_zLzj1yLBkDYf"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section&#160;13 or 15(d)&#160;of
the Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<b><span id="xdx_909_edei--DocumentPeriodEndDate_c20220511__20220511_z7m9uVn7waQ3"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">May 11, 2022</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 0pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin: 0pt 0; text-align: center"></p>

<p style="margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_901_edei--EntityRegistrantName_c20220511__20220511_z1mtjMmWGBrk"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityRegistrantName">WATTS WATER TECHNOLOGIES, INC.</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="text-transform: uppercase; vertical-align: top; width: 32%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><b><span id="xdx_906_edei--EntityIncorporationStateCountryCode_c20220511__20220511_zfUGk4Vjwpb7"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">Delaware</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 2%">&#160;</td>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90E_edei--EntityFileNumber_c20220511__20220511_zNNfIZPKS7T9"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityFileNumber">001-11499</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 2%">&#160;</td>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90B_edei--EntityTaxIdentificationNumber_c20220511__20220511_ziZ1wxFNgmbl"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityTaxIdentificationNumber">04-2916536</ix:nonNumeric></span></b></span></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(State or Other Jurisdiction</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(Commission File Number)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(IRS Employer</span></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">of Incorporation)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Identification No.)</span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_90E_edei--EntityAddressAddressLine1_c20220511__20220511_zCfKxYZXzHgf"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityAddressAddressLine1">815 Chestnut Street</ix:nonNumeric></span>, <span id="xdx_90F_edei--EntityAddressCityOrTown_c20220511__20220511_zoyllqSPkrfk"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityAddressCityOrTown">North Andover</ix:nonNumeric></span>, <span id="xdx_90B_edei--EntityAddressStateOrProvince_c20220511__20220511_zFQLrdQgy2Dl"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">Massachusetts</ix:nonNumeric></span>
<span id="xdx_907_edei--EntityAddressPostalZipCode_c20220511__20220511_zDE1tEJNjjG8"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:EntityAddressPostalZipCode">01845</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)
(Zip Code)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(<span id="xdx_903_edei--CityAreaCode_c20220511__20220511_zLMpIUswqvY3"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:CityAreaCode">978</ix:nonNumeric></span>) <span id="xdx_90D_edei--LocalPhoneNumber_c20220511__20220511_z7fdo8waqR0a"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:LocalPhoneNumber">688-1811</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&#8217;s telephone number, including
area code)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 0pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin: 0pt 0; text-align: center"></p>

<p style="margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&#160;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see</i>
General Instruction A.2. below):</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in"><span style="font-family: Wingdings"><span id="xdx_90F_edei--WrittenCommunications_c20220511__20220511_zDhnhKZhJShb"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></span>&#160; Written communications pursuant to Rule&#160;425 under the
Securities Act (17 CFR 230.425)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in"><span style="font: 10pt Wingdings"><span style="font-family: Wingdings"><span id="xdx_909_edei--SolicitingMaterial_c20220511__20220511_zLpbNrRjkDT"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></span></span>&#160;
Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in"><span style="font: 10pt Wingdings"><span style="font-family: Wingdings"><span id="xdx_908_edei--PreCommencementTenderOffer_c20220511__20220511_zto3k7JECGy5"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></span></span>&#160;
Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in"><span style="font: 10pt Wingdings"><span style="font-family: Wingdings"><span id="xdx_907_edei--PreCommencementIssuerTenderOffer_c20220511__20220511_zNH9WGCmnU5c"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></span></span>&#160;
Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section&#160;12(b)&#160;of
the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-left: Black 1pt solid; border-bottom-width: 1pt; border-bottom-style: solid; border-image: none; width: 36%; text-align: center"><span style="font: normal 10pt Times New Roman, Times, Serif">Title&#160;of&#160;each&#160;class</span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; border-bottom-width: 1pt; border-bottom-style: solid; border-image: none; width: 32%; text-align: center"><span style="font: normal 10pt Times New Roman, Times, Serif">Trading&#160;Symbol(s)</span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom-width: 1pt; border-bottom-style: solid; border-image: none; width: 32%; text-align: center"><span style="font: normal 10pt Times New Roman, Times, Serif">Name&#160;of&#160;each&#160;exchange&#160;on&#160;which<br />
    registered</span></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: middle; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_edei--Security12bTitle_c20220511__20220511_z2cf2OxciAG"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:Security12bTitle">Class&#160;A
    Common Stock, par value $0.10 per share</ix:nonNumeric></span></span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: middle; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_edei--TradingSymbol_c20220511__20220511_zkUNaWliRtp7"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" name="dei:TradingSymbol">WTS</ix:nonNumeric></span></span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: middle; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_edei--SecurityExchangeName_c20220511__20220511_zqpVrqUyTVNf"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2 of
the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Emerging
growth company <span style="font-family: Wingdings"><span id="xdx_90F_edei--EntityEmergingGrowthCompany_c20220511__20220511_zekxVipe5GB1"><ix:nonNumeric contextRef="From2022-05-11to2022-05-11" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif">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&#160;13(a)&#160;of the Exchange Act. <span style="font-family: Wingdings">&#168;</span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Rule-Page --><div style="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 5.02</b></td><td><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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration: underline">Third Amended and Restated 2004 Stock Incentive Plan</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At the 2022 Annual Meeting of Stockholders (the &#8220;2022 Annual
Meeting&#8221;) of Watts Water Technologies, Inc. (the &#8220;Company&#8221;) held on Wednesday, May 11, 2022, the Company&#8217;s stockholders
approved the Watts Water Technologies, Inc. Third Amended and Restated 2004 Stock Incentive Plan (the &#8220;Stock Incentive Plan&#8221;).
The Stock Incentive Plan became effective upon approval by the Company&#8217;s stockholders. The provisions of the Stock Incentive Plan
are described in the proxy statement for the 2022 Annual Meeting and related supplement under &#8220;Proposal 3 - Approval of the Watts
Water Technologies, Inc. Third Amended and Restated 2004 Stock Incentive Plan,&#8221; which description is attached hereto as Exhibit
99.1 and incorporated herein by reference. The description of the Stock Incentive Plan is qualified in its entirety by reference to the
complete text of the Stock Incentive Plan, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 5.07</b></td><td><b>Submission of Matters to a Vote of Security Holders</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(a)</td><td style="text-align: justify">The 2022 Annual Meeting was held on Wednesday, May 11, 2022.</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(b)</td><td style="text-align: justify">The results of the voting on the proposals considered at the
2022 Annual Meeting were as follows:</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Proposal 1: Election of Directors</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each of the following nine persons was elected as a Director of the
Company for a term expiring at the Company's 2023 Annual Meeting of Stockholders and until such Director's successor is duly elected and
qualified.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The voting results were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; font-weight: normal"><span style="text-decoration: underline">Nominee</span></td><td style="font-size: 10pt; font-weight: normal">&#160;</td>
    <td style="text-align: left; font-size: 10pt; font-weight: normal"><span style="text-decoration: underline">Votes For</span></td><td style="font-size: 10pt; font-weight: normal">&#160;</td>
    <td style="text-align: left; font-size: 10pt; font-weight: normal"><span style="text-decoration: underline">Votes Withheld</span></td><td style="font-size: 10pt; font-weight: normal"></td>
    <td style="text-align: left; font-size: 10pt; font-weight: normal"><span style="text-decoration: underline">Broker Non-Votes</span></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 25%; font-size: 10pt; text-align: left">Christopher L. Conway</td><td style="width: 1%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: left">80,146,305</td><td style="width: 1%; font-size: 10pt; text-align: left">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: left">3,425,971</td><td style="width: 1%; font-size: 10pt; text-align: left">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left">Michael J. Dubose</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">80,406,526</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">3,165,750</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left">David A. Dunbar</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">80,402,515</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">3,169,761</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left">Louise K. Goeser</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">80,509,963</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">3,062,313</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left">W. Craig Kissel</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">78,650,019</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">4,922,257</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left">Joseph T. Noonan</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">83,066,627</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">&#160;505,649&#160;&#160;</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left">Robert J. Pagano, Jr.</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">82,288,553</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">1,283,823</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left">Merilee Raines</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">80,086,644</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">3,485,632</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left">Joseph W. Reitmeier</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">80,453,769</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">3,118,507</td><td style="font-size: 10pt; text-align: left">&#160;</td>
    <td style="font-size: 10pt; text-align: left">963,347</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Proposal 2: Advisory Vote on Named Executive Officer Compensation</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The results of the non-binding advisory vote on the compensation paid
to the Company&#8217;s named executive officers were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="background-color: White; width: 6%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 34%; text-align: left"><span style="font-size: 10pt">Number of votes
    cast for the proposal:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 6%">82,179,261</td>
    <td style="text-align: right; width: 1%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="background-color: White; text-align: right; width: 53%"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-size: 10pt">Number of votes cast against
    the proposal:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,348,241&#9;</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="background-color: White"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">Number of abstentions:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">44,774</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="background-color: White; text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-size: 10pt">Number of broker non-votes:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">963,347</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Proposal 2, having received the affirmative vote of the holders
of 97.2% of the votes present or represented by proxy and entitled to vote at the 2022 Annual Meeting, was approved on an advisory
basis.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Proposal 3: Approval of Third Amended and Restated 2004 Stock
Incentive Plan</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The results of the vote on the approval of our Third Amended and Restated
2004 Stock Incentive Plan were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="background-color: White; width: 6%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 34%; text-align: left"><span style="font-size: 10pt">Number of votes
    cast for the proposal:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 6%">82,164,089&#9;</td>
    <td style="text-align: right; width: 1%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="background-color: White; text-align: right; width: 53%"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-size: 10pt">Number of votes cast against
    the proposal:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,365,141&#9;</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="background-color: White"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">Number of abstentions:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">43,046</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="background-color: White; text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-size: 10pt">Number of broker non-votes:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">963,347</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Proposal 3, having received the affirmative vote of the holders
of 97.2% of the votes present or represented by proxy and entitled to vote at the 2022 Annual Meeting, was approved.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Proposal 4: Ratification of Independent Registered Public Accounting
Firm</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><span style="font-style: normal">The votes
regarding the ratification of the appointment of KPMG LLP as the Company&#8217;s independent registered public accounting firm for the
fiscal year ending December 31, 2022 were as follows:</span></p>

<p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><span style="font-style: normal">&#160;</span>&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="background-color: White"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">Number of votes cast for the proposal:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">82,856,845</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="background-color: White; text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">Number of votes cast against the proposal:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,656,126</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="background-color: White"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: normal 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">Number of abstentions:</span></td>
    <td style="font: normal 10pt Times New Roman, Times, Serif; text-align: right">22,652</td>
    <td style="text-align: right"><span style="font-size: 10pt">&#160;</span></td>
    <td style="background-color: White; text-align: right"><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 6%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: normal 10pt Times New Roman, Times, Serif; width: 34%; text-align: left"><span style="font-size: 10pt">Number of
    broker non-votes:</span></td>
    <td style="font: normal 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">0</td>
    <td style="text-align: right; width: 1%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="text-align: right; width: 53%"><span style="font-size: 10pt">&#160;</span></td></tr>
  </table>


<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Proposal 4, having received the affirmative vote of the holders
of 98.0% of the votes present or represented by proxy and entitled to vote at the 2022 Annual Meeting, was approved.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 3 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>




<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item&#160;9.01.</b></td><td><b>Financial Statements and Exhibits.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">(d) Exhibits</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap">
    <p style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Exhibit<br />
    No.</b></p></td>
    <td style="width: 3%">&#160;</td>
    <td style="width: 90%"><span style="font-size: 10pt"><b>Description</b></span></td></tr>
  <tr>
    <td>&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr>
    <td style="white-space: nowrap; vertical-align: top"><a href="tm2214626d1_ex10-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">10.1</span></a></td>
    <td style="vertical-align: bottom; text-align: justify">&#160;</td>
    <td style="vertical-align: top; padding-bottom: 6pt; text-align: justify"><a href="tm2214626d1_ex10-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Watts Water Technologies, Inc. Third Amended and Restated 2004 Stock Incentive Plan. </span></a></td></tr>
  <tr>
    <td style="white-space: nowrap; vertical-align: top"><a href="tm2214626d1_ex99-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">99.1</span></a></td>
    <td style="vertical-align: bottom; text-align: justify">&#160;</td>
    <td style="vertical-align: top; padding-bottom: 6pt; text-align: justify"><a href="tm2214626d1_ex99-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Text of &#8220;Proposal 3 - Approval of the Watts Water Technologies, Inc. Third Amended and Restated 2004 Stock Incentive Plan.&#8221; </span></a></td></tr>
  <tr>
    <td style="white-space: nowrap; vertical-align: top"><span style="font-size: 10pt">104</span></td>
    <td style="vertical-align: bottom; text-align: justify">&#160;</td>
    <td style="vertical-align: top; padding-bottom: 6pt; text-align: justify"><span style="font-size: 10pt">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b>&#160;</p>

<!-- Field: Page; Sequence: 4 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">Date: May 11, 2022</span></td>
    <td colspan="2"><span style="font-size: 10pt"><b>WATTS WATER TECHNOLOGIES,&#160;INC.</b></span></td></tr>
  <tr style="vertical-align: top">
    <td style="width: 50%">&#160;</td>
    <td style="width: 3%">&#160;</td>
    <td style="width: 47%">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td><span style="font-size: 10pt">By:</span></td>
    <td style="border-bottom: black 1pt solid"><span style="font-size: 10pt">/s/ Kenneth R. Lepage</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td><span style="font-size: 10pt">Kenneth R. Lepage</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>General Counsel, Chief Sustainability Officer &amp;
    Secretary</i></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>


</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJxFjV0KwjAQhE/QOyx5Fk2KgvZNi4pYRYqIr7FdJdhmyyb+HclbGlvEZWFZZr4ZIXpiSQtTIcNxlmewx7qptEfI8YyMtsDgSFfrBMLN8WKcZ219+/7AlAKDgRn15akIQmu9G4dlAnI8kGqgJiDjZKhguhHRV0/Jnk2J1htdgbYl7JgaNug1v7qEvX6SpfrVVh2QnSGbgOrLTn5DLFUMW7rrB/HVQZalIuq1E4kl06351tycpxrmFdahy3Xof6MPMNlJaw== -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2214626d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<FONT STYLE="font-variant: normal"><B>Exhibit
10.1</B></FONT></FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">WATTS
WATER TECHNOLOGIES, INC.</FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">THIRD
AMENDED AND RESTATED</FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">2004
STOCK INCENTIVE PLAN</FONT></P>

<P STYLE="font: small-caps bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 1.</FONT></TD><TD STYLE="width: 90%"><FONT STYLE="text-transform: none"></FONT><U>GENERAL
PURPOSE OF THE PLAN; DEFINITIONS</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The name of the plan is the Watts Water Technologies,
Inc. 2004 Stock Incentive Plan, as may be further amended and restated from time to time (the &ldquo;Plan&rdquo;). The purpose of the
Plan is to encourage and enable the officers, employees, Non-Employee Directors and other key persons (including consultants and prospective
employees) of Watts Water Technologies, Inc. (the &ldquo;Company&rdquo;) and its Subsidiaries upon whose judgment, initiative and efforts
the Company largely depends for the successful conduct of its business to acquire a proprietary interest in the Company. It is anticipated
that providing such persons with a direct stake in the Company&rsquo;s welfare will assure a closer identification of their interests
with those of the Company, thereby stimulating their efforts on the Company&rsquo;s behalf and strengthening their desire to remain with
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following terms shall be defined as set forth
below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Act&rdquo;</I> means the Securities Act
of 1933, as amended, and the rules and regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Administrator&rdquo;</I> is defined in
Section&nbsp;2(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Award&rdquo;</I> or <I>&ldquo;Awards,&rdquo;</I>
except where referring to a particular category of grant under the Plan, shall include Incentive Stock Options, Non-Qualified Stock Options,
Stock Appreciation Rights, Deferred Stock Awards, Restricted Stock Awards, Unrestricted Stock Awards and Dividend Equivalent Rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Board&rdquo;</I> means the Board of Directors
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Code&rdquo;</I> means the Internal Revenue
Code of 1986, as amended, and any successor Code, and related rules, regulations and interpretations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Committee&rdquo;</I> means the Committee
of the Board referred to in Section&nbsp;2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Deferred Stock Award&rdquo;</I> means
Awards granted pursuant to Section&nbsp;8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Dividend Equivalent Right&rdquo;</I>
means Awards granted pursuant to Section&nbsp;11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Effective Date&rdquo;</I> means the date
on which this Third Amended and Restated 2004 Stock Plan is approved by stockholders as set forth in Section&nbsp;17.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Exchange Act&rdquo;</I> means the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Fair Market Value&rdquo;</I> of the Stock
on any given date means the fair market value of the Stock determined in good faith by the Administrator; provided, however, that if the
Stock is admitted to quotation on the National Association of Securities Dealers Automated Quotation System (&ldquo;NASDAQ&rdquo;), NASDAQ
National System or a national securities exchange, the determination shall be made by reference to market quotations. If there are no
market quotations for such date, the determination shall be made by reference to the last date preceding such date for which there are
market quotations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<I>409A Award</I>&rdquo; is an Award that
constitutes a deferral of compensation as provided in Treasury Regulation Section 1.409A-1(b)(1), including, but not limited to, (a) any
Nonqualified Stock Option or Stock Appreciation Right that permits the deferral of compensation other than the deferral of recognition
of income until the exercise of the Award; or (b) any other Award that either (i)&nbsp;provides by its terms for settlement of all or
any portion of the Award on one or more dates following the Short-Term Deferral Period (as defined below), or (ii) permits or requires
the grantee to elect one or more dates on which the Award will be settled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&quot;<I>Grant Instrument</I>&quot; has the meaning
set forth in Section 2(b)(v).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Incentive Stock Option&rdquo;</I> means
any Stock Option designated and qualified as an &ldquo;incentive stock option&rdquo; as defined in Section&nbsp;422 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Non-Employee Director&rdquo;</I> means
a member of the Board who is not also an employee of the Company or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Non-Qualified Stock Option&rdquo;</I>
means any Stock Option that is not an Incentive Stock Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Option&rdquo;</I> or <I>&ldquo;Stock
Option&rdquo;</I> means any option to purchase shares of Stock granted pursuant to Section&nbsp;5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Restricted Stock Award&rdquo;</I> means
Awards granted pursuant to Section&nbsp;7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<I>Short-Term Deferral Period</I>&rdquo;
means, subject to any applicable Treasury Regulations promulgated pursuant to Section&nbsp;409A of the Code or other applicable guidance,
the period ending on the later of (i)&nbsp;the date that is two and one-half months from the end of the Company&rsquo;s fiscal year in
which the applicable portion of the Award is no longer subject to a Substantial Risk of Forfeiture, or (ii) the date that is two and one-half
months from the end of the grantee&rsquo;s taxable year in which the applicable portion of the Award is no longer subject to a Substantial
Risk of Forfeiture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<I>Specified Employee</I>&rdquo; has the
meaning set forth in Treasury Regulation Section 1.409A-1(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Stock&rdquo;</I> means the Class A Common
Stock, par value $.10 per share, of the Company, subject to adjustments pursuant to Section&nbsp;3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Stock Appreciation Right&rdquo;</I> means
any Award granted pursuant to Section&nbsp;6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Subsidiary&rdquo;</I> means any corporation
or other entity (other than the Company) in which the Company has a controlling interest, either directly or indirectly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Substantial Risk of Forfeiture,&rdquo;</I>
shall have the meaning set forth in any applicable Treasury Regulations promulgated pursuant to Section 409A of the Code or other applicable
guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;Unrestricted Stock Award&rdquo;</I> means
any Award granted pursuant to Section&nbsp;9.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 2. </FONT></TD>
  <TD STYLE="width: 90%"><U>ADMINISTRATION OF PLAN; ADMINISTRATOR AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committee</U>. The Plan shall be administered by either the Board or a committee of not less than two Non-Employee Directors
(in either case, the &ldquo;Administrator&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Powers of Administrator</U>. The Administrator shall have the power and authority to grant Awards consistent with the terms
of the Plan, including the power and authority:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>to
select the individuals to whom Awards may from time to time be granted;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to determine the time or times of grant, and the extent, if any, of Incentive Stock Options, Non-Qualified Stock Options, Stock
Appreciation Rights, Restricted Stock Awards, Deferred Stock Awards, Unrestricted Stock Awards and Dividend Equivalent Rights, or any
combination of the foregoing, granted to any one or more grantees;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;to determine the number of shares of Stock to be covered by any
Award;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>to
determine and modify from time to time the terms and conditions, including restrictions, of any Award, not inconsistent with the terms
of the Plan or the requirements of Section 409A of the Code, which modified terms and conditions may differ among individual Awards and
grantees, provided, however, that no such modification can reduce the exercise price of outstanding Stock Options or Stock Appreciation
Rights or effect a repricing through cancellation and re-grants of such Awards;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to approve the form of written instruments evidencing the Awards (each a &ldquo;Grant Instrument&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp;</FONT>to accelerate at any time the exercisability or vesting of all or any portion of any Award;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>subject to the provisions of Section&nbsp;5(a)(ii), to extend at any time the period in which Stock Options may be exercised;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;to
determine at any time whether, to what extent, and under what circumstances distribution or the receipt of Stock and other amounts
payable with respect to an Award shall be deferred either automatically or at the election of the grantee and whether and to what
extent the Company shall pay or credit amounts constituting interest (at rates determined by the Administrator) or dividends or
deemed dividends on such deferrals; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>at any time to adopt, alter and repeal such rules, guidelines and practices for administration of the Plan and for its own acts
and proceedings as it shall deem advisable; to interpret the terms and provisions of the Plan and any Award or Grant Instrument; to make
all determinations it deems advisable for the administration of the Plan; to decide all disputes arising in connection with the Plan;
and to otherwise supervise the administration of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All decisions and interpretations of the Administrator
shall be binding on all persons, including the Company and Plan grantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delegation of Authority to Grant Awards</U>. The Administrator, in its discretion, may delegate to the Chief Executive Officer
of the Company all or part of the Administrator&rsquo;s authority and duties with respect to the granting of Awards at Fair Market Value,
to individuals who are not subject to the reporting and other provisions of Section&nbsp;16 of the Exchange Act. Any such delegation by
the Administrator shall include a limitation as to the amount of Awards that may be granted during the period of the delegation and shall
contain guidelines as to the determination of the exercise price of any Stock Option or Stock Appreciation Right, the conversion ratio
or price of other Awards and the vesting criteria. The Administrator may revoke or amend the terms of a delegation at any time but such
action shall not invalidate any prior actions of the Administrator&rsquo;s delegate or delegates that were consistent with the terms of
the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification</U>. Neither the Board nor the Committee, nor any member of either or any delegatee thereof, shall be liable
for any act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and the members of
the Board and the Committee (and any delegatee thereof) shall be entitled in all cases to indemnification and reimbursement by the Company
in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys&rsquo; fees) arising or resulting
therefrom to the fullest extent permitted by law and/or under any directors&rsquo; and officers&rsquo; liability insurance coverage which
may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 3.</FONT></TD>
  <TD STYLE="width: 90%"><U>STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Stock Issuable</U>. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be 4,500,000
shares, subject to adjustment as provided in Section&nbsp;3(b). For purposes of these limitations, the shares of Stock underlying any
Awards which are forfeited, canceled, held back upon exercise of an Option or settlement of an Award to cover the tax withholding, reacquired
by the Company prior to vesting, satisfied without the issuance of Stock or otherwise terminated (other than by exercise) shall be added
back to the shares of Stock available for issuance under the Plan. Notwithstanding any other provision of the Plan to the contrary, the
maximum aggregate number of shares of Stock with respect to one or more Awards that may be granted to a Non-Employee Director during any
one calendar year is 100,000. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares
of Stock reacquired by the Company and held in its treasury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <U>Changes in Stock</U>. Subject to Section&nbsp;3(c) hereof, if, as a result of any reorganization, recapitalization, reclassification,
stock dividend, stock split, reverse stock split or other similar change in the Company&rsquo;s capital stock, the outstanding shares
of Stock are increased or decreased or are exchanged for a different number or kind of shares or other securities of the Company, or additional
shares or new or different shares or other securities of the Company or other non-cash assets are distributed with respect to such shares
of Stock or other securities, or, if, as a result of any merger or consolidation, sale of all or substantially all of the assets of the
Company, the outstanding shares of Stock are converted into or exchanged for a different number or kind of securities of the Company or
any successor entity (or a parent or subsidiary thereof), the Administrator shall make an appropriate or proportionate adjustment in (i)
the maximum number of shares reserved for issuance under the Plan, including the maximum number of shares that may be issued in the form
of Unrestricted Stock Awards, Restricted Stock Awards or Deferred Stock Awards, (ii) the number of Stock Options or Stock Appreciation
Rights that can be granted to any one individual grantee, (iii) the number and kind of shares or other securities subject to any then
outstanding Awards under the Plan, (iv) the repurchase price per share subject to each outstanding Restricted Stock Award, and (v) the
price for each share subject to any then outstanding Stock Options and Stock Appreciation Rights under the Plan, as to which such Stock
Options and Stock Appreciation Rights remain exercisable. The adjustment by the Administrator shall be final, binding and conclusive.
No fractional shares of Stock shall be issued under the Plan resulting from any such adjustment, but the Administrator in its discretion
may make a cash payment in lieu of fractional shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Administrator may also adjust the number of
shares subject to outstanding Awards and the exercise price and the terms of outstanding Awards to take into consideration material changes
in accounting practices or principles, extraordinary dividends, acquisitions or dispositions of stock or property or any other event if
it is determined by the Administrator that such adjustment is appropriate to avoid distortion in the operation of the Plan, provided that
no such adjustment shall be made in the case of an Incentive Stock Option, without the consent of the grantee, if it would constitute
a modification, extension or renewal of the Option within the meaning of Section&nbsp;424(h) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Mergers
and Other Transactions</U>. In the case of and subject to the consummation of (i) the dissolution or liquidation of the Company,
(ii)&nbsp;the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or
entity, (iii) a merger, reorganization or consolidation in which the outstanding shares of Stock are converted into or exchanged for
a different kind of securities of the successor entity and the holders of the Company&rsquo;s outstanding voting power immediately
prior to such transaction do not own a majority of the outstanding voting power of the successor entity immediately upon completion
of such transaction, or (iv) the sale of all of the Stock of the Company to an unrelated person or entity (in each case, a
 &ldquo;Sale Event&rdquo;), all Options and Stock Appreciation Rights that are not exercisable immediately prior to the effective
time of the Sale Event shall become fully exercisable as of the effective time of the Sale Event and all other Awards shall become
fully vested and nonforfeitable as of the effective time of the Sale Event, except as the Administrator may otherwise specify with
respect to particular Awards. Upon the effective time of the Sale Event, the Plan and all outstanding Awards granted hereunder shall
terminate, unless provision is made in connection with the Sale Event in the sole discretion of the parties thereto for the
assumption or continuation of Awards theretofore granted by the successor entity, or the substitution of such Awards with new Awards
of the Successor Entity or parent thereof, with appropriate adjustment as to the number and kind of shares and, if appropriate, the
per share exercise prices, as such parties shall agree (after taking into account any acceleration hereunder). In the event of such
termination, each grantee shall be permitted, within a specified period of time prior to the consummation of the Sale Event as
determined by the Administrator, to exercise all outstanding Options and Stock Appreciation Rights held by such grantee, including
those that will become exercisable upon the consummation of the Sale Event; provided, however, that the exercise of Options and
Stock Appreciation Rights not exercisable prior to the Sale Event shall be subject to the consummation of the Sale Event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notwithstanding anything to the contrary in this
Section&nbsp;3(c), in the event of a Sale Event pursuant to which holders of the Stock of the Company will receive upon consummation thereof
a cash payment for each share surrendered in the Sale Event, the Company shall have the right, but not the obligation, to make or provide
for a cash payment to the grantees holding Options and Stock Appreciation Rights, in exchange for the cancellation thereof, in an amount
equal to the difference between (A) the value as determined by the Administrator of the consideration payable per share of Stock pursuant
to the Sale Event (the &ldquo;Sale Price&rdquo;) times the number of shares of Stock subject to outstanding Options and Stock Appreciation
Rights (to the extent then exercisable at prices not in excess of the Sale Price) and (B) the aggregate exercise price of all such outstanding
Options and Stock Appreciation Rights; provided, however, that if the amount to which a grantee would be entitled upon the exercise of
such Options and Stock Appreciation Rights at the time of the Sale Event is equal to or less than zero, then such Options and Stock Appreciation
Rights may be terminated without payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Substitute Awards</U>. The Administrator may grant Awards under the Plan in substitution for stock and stock based awards held
by employees, directors or other key persons of another corporation in connection with the merger or consolidation of the employing corporation
with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the employing corporation.
The Administrator may direct that the substitute awards be granted on such terms and conditions as the Administrator considers appropriate
in the circumstances. Any substitute Awards granted under the Plan shall not count against the share limitation set forth in Section&nbsp;3(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 4. </FONT></TD>
  <TD STYLE="width: 90%"><U>ELIGIBILITY</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Grantees under the Plan will be such full or part-time
officers and other employees, Non-Employee Directors and key persons (including consultants and prospective employees) of the Company
and its Subsidiaries as are selected from time to time by the Administrator in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 5. </FONT></TD>
  <TD STYLE="width: 90%"><U>STOCK OPTIONS</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any Stock Option granted under the Plan shall be
in such form as the Administrator may from time to time approve.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Stock Options granted under the Plan may be
either Incentive Stock Options or Non-Qualified Stock Options. Incentive Stock Options may be granted only to employees of the
Company or any Subsidiary that is a &ldquo;subsidiary corporation&rdquo; within the meaning of Section&nbsp;424(f) of the Code. To
the extent that any Option does not qualify as an Incentive Stock Option, it shall be deemed a Non-Qualified Stock Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Stock Options</U>. Stock Options granted pursuant to this Section&nbsp;5(a) shall be subject to the following terms and conditions
and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable.
If the Administrator so determines, Stock Options may be granted in lieu of cash compensation at the optionee&rsquo;s election, subject
to such terms and conditions as the Administrator may establish.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exercise Price</U>. The exercise price per share for the Stock covered by a Stock Option granted pursuant to this Section&nbsp;5(a)
shall be determined by the Administrator at the time of grant but shall not be less than 100 percent of the Fair Market Value on the date
of grant. If an employee owns or is deemed to own (by reason of the attribution rules of Section&nbsp;424(d) of the Code) more than 10
percent of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation and an Incentive Stock
Option is granted to such employee, the option price of such Incentive Stock Option shall be not less than 110 percent of the Fair Market
Value on the grant date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Option Term</U>. The term of each Stock Option shall be fixed by the Administrator, but no Stock Option shall be exercisable
more than 10 years after the date the Stock Option is granted. If an employee owns or is deemed to own (by reason of the attribution rules
of Section&nbsp;424(d) of the Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent
or subsidiary corporation and an Incentive Stock Option is granted to such employee, the term of such Stock Option shall be no more than
five years from the date of grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exercisability; Rights of a Stockholder.</U> Stock Options shall become exercisable at such time or times, whether or not in
installments, as shall be determined by the Administrator at or after the grant date. The Administrator may at any time accelerate the
exercisability of all or any portion of any Stock Option. An optionee shall have the rights of a stockholder only as to shares acquired
upon the exercise of a Stock Option and not as to unexercised Stock Options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Method of Exercise</U>. Stock Options may be exercised in whole or in part, by giving written notice of exercise to the Company,
specifying the number of shares to be purchased. Payment of the purchase price may be made by one or more of the following methods to
the extent provided in the Option Grant Instrument :</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In cash, by certified or bank check or other instrument acceptable to the Administrator;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Through
the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the optionee on the open market or
that have been beneficially owned by the optionee for such length of time as required under applicable accounting rules not to
result in any accounting consequences to the Company and are not then subject to restrictions under any Company plan. Such
surrendered shares shall be valued at Fair Market Value on the exercise date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By the optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker
to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price; provided that in the
event the optionee chooses to pay the purchase price as so provided, the optionee and the broker shall comply with such procedures and
enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(D)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Through the delivery (or attestation to the ownership) of shares of Stock issuable to the optionee upon the exercise of an Award,
with a Fair Market Value on the exercise date equal to the aggregate exercise price of the shares of Stock with respect to which such
Award is exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment instruments will be received subject to collection. The delivery
of certificates representing the shares of Stock to be purchased pursuant to the exercise of a Stock Option will be contingent upon receipt
from the optionee (or a purchaser acting in his stead in accordance with the provisions of the Stock Option) by the Company of the full
purchase price for such shares and the fulfillment of any other requirements contained in the Option Grant Instrument or applicable provisions
of laws. In the event an optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method,
the number of shares of Stock transferred to the optionee upon the exercise of the Stock Option shall be net of the number of shares attested
to.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Annual Limit on Incentive Stock Options</U>. To the extent required for &ldquo;incentive stock option&rdquo; treatment under
Section&nbsp;422 of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the shares of Stock with respect
to which Incentive Stock Options granted under this Plan and any other plan of the Company or its parent and subsidiary corporations become
exercisable for the first time by an optionee during any calendar year shall not exceed $100,000. To the extent that any Stock Option
exceeds this limit, it shall constitute a Non-Qualified Stock Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Non-transferability of Options</U>. No Stock Option shall be transferable by the optionee otherwise than by will or by the laws
of descent and distribution and all Stock Options shall be exercisable, during the optionee&rsquo;s lifetime, only by the optionee, or
by the optionee&rsquo;s legal representative or guardian in the event of the optionee&rsquo;s incapacity. Notwithstanding the foregoing,
the Administrator, in its sole discretion, may provide in the Grant Instrument regarding a given Option that the optionee may transfer
his Non&#45;Qualified Stock Options to members of his immediate family, to trusts for the benefit of such family members, or to partnerships
in which such family members are the only partners, provided that the transferee agrees in writing with the Company to be bound by all
of the terms and conditions of this Plan and the applicable Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 6. </FONT></TD>
  <TD STYLE="width: 90%"><U>STOCK APPRECIATION RIGHTS</U></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Nature of Stock Appreciation Rights</U>. A Stock Appreciation Right is an Award entitling the recipient to receive an amount
in cash or shares of Stock or a combination thereof having a value equal to the excess of the Fair Market Value of the Stock on the date
of exercise over the exercise price of the Stock Appreciation Right, which price shall not be less than 100 percent of the Fair Market
Value of the Stock on the date of grant, multiplied by the number of shares of Stock with respect to which the Stock Appreciation Right
shall have been exercised, with the Administrator having the right to determine the form of payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grant and Exercise of Stock Appreciation Rights</U>. Stock Appreciation Rights may be granted by the Administrator in tandem
with, or independently of, any Stock Option granted pursuant to Section&nbsp;5 of the Plan. In the case of a Stock Appreciation Right
granted in tandem with a Non-Qualified Stock Option, such Stock Appreciation Right may be granted either at or after the time of the grant
of such Option. In the case of a Stock Appreciation Right granted in tandem with an Incentive Stock Option, such Stock Appreciation Right
may be granted only at the time of the grant of the Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A Stock Appreciation Right or applicable portion
thereof granted in tandem with a Stock Option shall terminate and no longer be exercisable upon the termination or exercise of the related
Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Terms and Conditions of Stock Appreciation Rights</U>. Stock Appreciation Rights shall be subject to such terms and conditions
as shall be determined from time to time by the Administrator, subject to the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stock Appreciation Rights granted in tandem with Options shall be exercisable at such time or times and to the extent that the
related Stock Options shall be exercisable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon exercise of a Stock Appreciation Right, the applicable portion of any related Option shall be surrendered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All Stock Appreciation Rights shall be exercisable during the grantee&rsquo;s lifetime only by the grantee or the grantee&rsquo;s
legal representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 7. </FONT></TD>
  <TD STYLE="width: 90%"><U>RESTRICTED STOCK AWARDS</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Nature of Restricted Stock Awards</U>. A Restricted Stock Award is an Award entitling the recipient to acquire, at such purchase
price as determined by the Administrator, shares of Stock subject to such restrictions and conditions as the Administrator may determine
at the time of grant (&ldquo;Restricted Stock&rdquo;). Conditions may be based on continuing employment (or other service relationship)
and/or achievement of pre-established performance goals and objectives. The grant of a Restricted Stock Award is contingent on the grantee
executing the Grant Instrument. The terms and conditions of each such agreement shall be determined by the Administrator, and such terms
and conditions may differ among individual Awards and grantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <U>Rights as a Stockholder</U>. Upon execution of a Grant Instrument setting forth the Restricted Stock Award and payment of any
applicable purchase price, a grantee shall have the rights of a stockholder with respect to the voting of the Restricted Stock, subject
to such conditions contained in the Grant Instrument evidencing the Restricted Stock Award. Unless the Administrator shall otherwise determine,
certificates evidencing the Restricted Stock shall remain in the possession of the Company until such Restricted Stock is vested as provided
in Section&nbsp;7(d) below, and the grantee shall be required, as a condition of the grant, to deliver to the Company a stock power endorsed
in blank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restrictions</U>. Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except
as specifically provided herein or in the Grant Instrument. If a grantee&rsquo;s employment (or other service relationship) with the Company
and its Subsidiaries terminates for any reason, the Company shall have the right to repurchase Restricted Stock that has not vested at
the time of termination at its original purchase price, from the grantee or the grantee&rsquo;s legal representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Vesting of Restricted Stock</U>. The Administrator at the time of grant shall specify the date or dates and/or the attainment
of pre-established performance goals, objectives and other conditions on which the non-transferability of the Restricted Stock and the
Company&rsquo;s right of repurchase or forfeiture shall lapse. Notwithstanding the foregoing, in the event that any such Restricted Stock
shall have a performance based goal, the restriction period with respect to such shares shall not be less than one year. Subsequent to
such date or dates and/or the attainment of such pre-established performance goals, objectives and other conditions, the shares on which
all restrictions have lapsed shall no longer be Restricted Stock and shall be deemed &ldquo;vested.&rdquo; Except as may otherwise be
provided by the Administrator either in the Grant Instrument or, subject to Section&nbsp;14 below, in writing after the Grant Instrument
is issued, a grantee&rsquo;s rights in any shares of Restricted Stock that have not vested shall automatically terminate upon the grantee&rsquo;s
termination of employment (or other service relationship) with the Company and its Subsidiaries and such shares shall be subject to the
Company&rsquo;s right of repurchase as provided in Section&nbsp;7(c) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 8. </FONT></TD>
  <TD STYLE="width: 90%"><U>DEFERRED STOCK AWARDS</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Nature of Deferred Stock Awards</U>. A Deferred Stock Award is an Award of phantom stock units to a grantee, subject to restrictions
and conditions as the Administrator may determine at the time of grant. Conditions may be based on continuing employment (or other service
relationship) and/or achievement of pre-established performance goals and objectives. The grant of a Deferred Stock Award is contingent
on the grantee executing the Deferred Stock Grant Instrument. The terms and conditions of each such agreement shall be determined by the
Administrator, and such terms and conditions may differ among individual Awards and grantees. At the end of the deferral period, the Deferred
Stock Award, to the extent vested, shall be paid to the grantee in the form of shares of Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Election
to Receive Deferred Stock Awards in Lieu of Compensation</U>. The Administrator may, in its sole discretion, permit a grantee to
elect to receive a portion of the cash compensation or Restricted Stock Award otherwise due to such grantee in the form of a
Deferred Stock Award. Any such election shall be made in writing and shall be delivered to the Company no later than the date
specified by the Administrator and in accordance with rules and procedures established by the Administrator. The Administrator shall
have the sole right to determine whether and under what circumstances to permit such elections and to impose such limitations and
other terms and conditions thereon as the Administrator deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Rights as a Stockholder</U>. During the deferral period, a grantee shall have no rights as a stockholder; provided, however,
that the grantee may be credited with Dividend Equivalent Rights with respect to the phantom stock units underlying his Deferred Stock
Award, subject to such terms and conditions as the Administrator may determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restrictions</U>. A Deferred Stock Award may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed
of during the deferral period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination</U>. Except as may otherwise be provided by the Administrator either in the Award agreement or, subject to Section&nbsp;14
below, in writing after the Grant Instrument is issued, a grantee&rsquo;s right in all Deferred Stock Awards that have not vested shall
automatically terminate upon the grantee&rsquo;s termination of employment (or cessation of service relationship) with the Company and
its Subsidiaries for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 9.</FONT></TD>
  <TD STYLE="width: 90%"><U>UNRESTRICTED STOCK AWARDS</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Grant or Sale of Unrestricted Stock</U>. The
Administrator may, in its sole discretion, grant (or sell at par value or such higher purchase price determined by the Administrator)
an Unrestricted Stock Award to any grantee pursuant to which such grantee may receive shares of Stock free of any restrictions (&ldquo;Unrestricted
Stock&rdquo;) under the Plan. Unrestricted Stock Awards may be granted in respect of past services or other valid consideration, or in
lieu of cash compensation due to such grantee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 10.</FONT></TD>
  <TD STYLE="width: 90%"><U>PERFORMANCE-BASED AWARDS TO COVERED EMPLOYEES</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notwithstanding anything to the contrary contained
herein, if any Restricted Stock Award or Deferred Stock Award granted to a &quot;covered employee&quot; (within the meaning of Section
162(m) of the Code) on or prior to November 2, 2017 is intended to be &quot;qualified performance based compensation&quot; within the
meaning of Section&nbsp;162(m) of the Code prior to its amendment by the Tax Cuts and Jobs Act (a &ldquo;Performance-based Award&rdquo;),
then such Award shall be administered and paid as provided in Section 10 of the Second Amended and Restated 2004 Stock Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 11.</FONT></TD>
  <TD STYLE="width: 90%"><U>DIVIDEND EQUIVALENT RIGHTS</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Dividend
Equivalent Rights</U>. A Dividend Equivalent Right is an Award entitling the grantee to receive credits based on cash dividends that
would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such
shares had been issued to and held by the grantee. A Dividend Equivalent Right may be granted hereunder to any grantee as a
component of another Award or as a freestanding award. The terms and conditions of Dividend Equivalent Rights shall be specified in
the Grant Instrument . Dividend equivalents credited to the holder of a Dividend Equivalent Right may be paid currently or may be
deemed to be reinvested in additional shares of Stock, which may thereafter accrue additional equivalents. Any such reinvestment
shall be at Fair Market Value on the date of reinvestment or such other price as may then apply under a dividend reinvestment plan
sponsored by the Company, if any. Dividend Equivalent Rights may be settled in cash or shares of Stock or a combination thereof, in
a single installment or installments. A Dividend Equivalent Right granted as a component of another Award may provide that such
Dividend Equivalent Right shall be settled upon exercise, settlement, or payment of, or lapse of restrictions on, such other award,
and that such Dividend Equivalent Right shall expire or be forfeited or annulled under the same conditions as such other award. A
Dividend Equivalent Right granted as a component of another Award may also contain terms and conditions different from such other
award. Notwithstanding any of the foregoing, Dividend Equivalent Rights granted with respect to another Award (including performance
vesting Awards) shall be held in escrow and will only be paid to the grantee upon and to the extent that the vesting conditions of
the other Awards (including any performance conditions) are subsequently satisfied and the Award vests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interest Equivalents</U>. Any Award under this Plan that is settled in whole or in part in cash on a deferred basis may provide
in the grant for interest equivalents to be credited with respect to such cash payment. Interest equivalents may be compounded and shall
be paid upon such terms and conditions as may be specified by the grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination</U>. Except as may otherwise be provided by the Administrator either in the Award agreement or, subject to Section&nbsp;14
below, in writing after the Grant Instrument is issued, a grantee&rsquo;s rights in all Dividend Equivalent Rights or interest equivalents
shall automatically terminate upon the grantee&rsquo;s termination of employment (or cessation of service relationship) with the Company
and its Subsidiaries for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 12.</FONT></TD>
  <TD STYLE="width: 90%"><U>TAX WITHHOLDING</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment by Grantee</U>. Each grantee shall, no later than the date as of which the value of an Award or of any Stock or other
amounts received thereunder first becomes includable in the gross income of the grantee for Federal income tax purposes, pay to the Company,
or make arrangements satisfactory to the Administrator regarding payment of, any Federal, state, or local taxes of any kind required by
law to be withheld with respect to such income. The Company and its Subsidiaries shall, to the extent permitted by law, have the right
to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company&rsquo;s obligation to deliver stock certificates
to any grantee is subject to and conditioned on tax obligations being satisfied by the grantee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Payment
in Stock</U>. Subject to approval by the Administrator, a grantee may elect to have up to the maximum required tax withholding
obligation satisfied, in whole or in part, by (i) authorizing the Company to withhold from shares of Stock to be issued pursuant to
any Award a number of shares with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the
withholding amount due, or (ii) transferring to the Company shares of Stock owned by the grantee with an aggregate Fair Market Value
(as of the date the withholding is effected) that would satisfy the withholding amount due. Notwithstanding the preceding provisions
of this Section 12, in the case of Restricted Stock Awards the Company shall have the right to satisfy the minimum required tax
withholding obligation by withholding from shares of Stock no longer subject to repurchase or forfeiture a number of shares with an
aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 11%"><FONT STYLE="text-transform: none">SECTION 12A.</FONT></TD>
  <TD STYLE="width: 89%"><U>Deferred Compensation.</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Anything in the Plan to the contrary notwithstanding, the following rules shall apply to 409A Awards and shall constitute further
restrictions on terms of Awards set forth elsewhere in the Plan<FONT STYLE="text-transform: uppercase">:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrator may permit a grantee to elect to defer an Award or to defer any payment under an Award (each, an &ldquo;<I>Election</I>&rdquo;),
only if such Election is in writing and specifies the amount of the distribution in settlement of the Award being deferred, as well as
the time and form of the distribution as permitted by the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All Elections shall be made by the end of the grantee&rsquo;s taxable year prior to the year in which services commence for which
an Award may be granted to such grantee; provided, however, that if the Award qualifies as &ldquo;performance-based compensation&rdquo;
for purposes of Section 409A of the Code, and is based on services performed over a period of at least twelve (12) months, the Election
may be made no later than six (6) months prior to the end of such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Elections shall continue in effect until a written election to revoke or change such Election is received by the Company, except
that a written election to revoke or change such Election must be made prior to the last day for making an Election determined in accordance
with Section 12A(a)(ii) of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any 409A Award which permits a subsequent Election to delay the distribution or change the form of a distribution in settlement
of such Award shall comply with the following requirements:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No subsequent Election may take effect until at least twelve (12) months after the date on which the subsequent Election is made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each subsequent Election related to a distribution in settlement of an Award not described in Section&nbsp;12A(c)(ii), (c)(iii),
or (c)(vi) must result in a delay of the distribution for a period of not less than five (5)&nbsp;years from the date such distribution
would otherwise have been made; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No subsequent Election related to a distribution pursuant to Section&nbsp;12A(c)(iv) shall be made less than twelve (12)&nbsp;months
prior to the date of the first scheduled payment under such distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No distribution in settlement of a 409A Award may commence earlier than:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Separation from service (as determined pursuant to Treasury Regulations or other applicable guidance);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The date the grantee becomes Disabled (as defined below in Section 12A(f));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Death;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A specified time (or pursuant to a fixed schedule) that is either (i)&nbsp;specified by the Administrator upon the grant of an
Award and set forth in the Grant Instrument, or (ii) specified by the grantee in an Election complying with the requirements of Section&nbsp;12A(a)
and/or 12A(b), as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>To the extent provided by Treasury Regulations promulgated pursuant to Section&nbsp;409A of the Code or other applicable guidance,
a change in the ownership or effective control or the Company or in the ownership of a substantial portion of the assets of the Company;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The occurrence of an Unforeseeable Emergency (as defined below in Section 12A(e)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything else herein to the contrary, to the extent that a grantee is a &ldquo;<I>Specified Employee,</I>&rdquo;
no distribution pursuant to Section&nbsp;12A(c)(i) in settlement of a 409A Award may be made before the date which is six (6)&nbsp;months
after such grantee&rsquo;s date of separation from service, or, if earlier, the date of the grantee&rsquo;s death. In the event any distribution
is delayed pursuant to the immediately previous sentence, the 409A Award will be paid at the beginning of the seventh month following
the grantee&rsquo;s termination, or, in the event of the grantee&rsquo;s death during such six-month period, payment will be made to the
grantee&rsquo;s beneficiary as soon as administratively possible following receipt by the Administrator of satisfactory notice and confirmation
of the grantee&rsquo;s death.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If a grantee establishes the occurrence of an Unforeseeable Emergency (as defined in Section&nbsp;409A of the Code) to the satisfaction
of the Administrator, the Administrator shall have the authority to provide for distribution in settlement of all or a portion of such
Award. In such event, the amount(s) distributed with respect to such Unforeseeable Emergency cannot exceed the amounts necessary to satisfy
such Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of such distribution(s), after taking
into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or
by liquidation of the grantee&rsquo;s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship).
All distributions with respect to an Unforeseeable Emergency shall be made in a lump sum as soon as practicable following the Administrator&rsquo;s
determination that an Unforeseeable Emergency has occurred. The occurrence of an Unforeseeable Emergency shall be judged and determined
by the Administrator. The Administrator&rsquo;s decision with respect to whether an Unforeseeable Emergency has occurred and the manner
in which, if at all, the distribution in settlement of an Award shall be altered or modified, shall be final, conclusive, and not subject
to approval or appeal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
Administrator shall have the authority to provide in the Grant Instrument evidencing any Award subject to Section 409A of the Code
for distribution in settlement of such Award in the event that the grantee becomes Disabled. A grantee shall be considered
 &ldquo;Disabled&rdquo; if either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The grantee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months,
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The grantee is, by reason of any medically determinable physical or mental impairment which can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12)&nbsp;months, receiving income replacement benefits for
a period of not less than three (3)&nbsp;months under an accident and health plan covering employees of the grantee&rsquo;s employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All distributions payable by reason of a grantee becoming Disabled
shall be paid in a lump sum or in periodic installments as established by the grantee&rsquo;s Election, commencing as soon as practicable
following the date the grantee becomes Disabled. If the grantee has made no Election with respect to distributions upon becoming Disabled,
all such distributions shall be paid in a lump sum as soon as practicable following the date the grantee becomes Disabled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If a grantee dies before complete distribution of amounts payable upon settlement of a 409A Award, such undistributed amounts shall
be distributed to his or her beneficiary under the distribution method for death established by the grantee&rsquo;s Election as soon as
administratively possible following receipt by the Administrator of satisfactory notice and confirmation of the grantee&rsquo;s death.
If the grantee has made no Election with respect to distributions upon death, all such distributions shall be paid in a lump sum as soon
as practicable following the date of the grantee&rsquo;s death.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary herein, the Administrator shall have no authority to accelerate distributions relating
to <FONT STYLE="text-transform: uppercase">409a</FONT> Awards in excess of the authority permitted under Treasury Regulation Section 1.409A-3(j)<FONT STYLE="text-transform: uppercase">.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="text-transform: uppercase">T</FONT>he Administrator shall not amend or terminate and no amendment or termination of
the Plan or a Grant Instrument pursuant to Section 14 of the Plan shall be effective with respect to 409A Awards except insofar as it
complies with the requirements of Section 409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any substitution of a new stock right, as defined in Treasury Regulation Section 1.409A-1(l), or assumption of an outstanding stock
right pursuant to any changes in stock described in Section 3(b) of the Plan or pursuant to any merger and other transaction described
in Section 3(d) of the Plan and any adjustment of a stock right to reflect a stock split or a stock dividend shall comply with the requirements
of Treasury Regulation Sections 1.409A-1(b)(5)(v)(D) and (H), as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>In
the case of any Award providing for a distribution upon the lapse of a Substantial Risk of Forfeiture, if the timing of such
distribution is not otherwise specified in the Plan or the Grant Instrument, the distribution shall be made on or after January 1
and on or before March 15 of the year following the year in which the risk of forfeiture lapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 13. </FONT></TD>
  <TD STYLE="width: 90%"><U>TRANSFER, LEAVE OF ABSENCE, ETC.</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of the Plan, the following events
shall not be deemed a termination of employment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a transfer to the employment of the Company from a Subsidiary or from the Company to a Subsidiary, or from one Subsidiary to another;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>an approved leave of absence for military service or sickness, or for any other purpose approved by the Company, if the employee&rsquo;s
right to re-employment is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was
granted or if the Administrator otherwise so provides in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 14.</FONT></TD>
  <TD STYLE="width: 90%"><U>AMENDMENTS AND TERMINATION</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to Section 12A(i) of the Plan, the Board
may, at any time, amend or discontinue the Plan and the Administrator may, at any time, amend or cancel any outstanding Award for the
purpose of satisfying changes in law or for any other lawful purpose, but no such action shall adversely affect rights under any outstanding
Award without the holder&rsquo;s consent. Except as provided in Section 3(b) or 3(c), in no event may the Administrator exercise its discretion
to reduce the exercise price of outstanding Options or the base measurement price of a Stock Appreciation Right or effect a similar repricing
through cancellation and re-grants. Any material Plan amendments (other than amendments that curtail the scope of the Plan), including
any Plan amendments that (i) increase the number of shares reserved for issuance under the Plan, (ii) reduce the price per share of any
outstanding Option or Stock Appreciation Right granted under the Plan, or (iii) cancel any Option or Stock Appreciation Right in exchange
for cash or another Award shall be subject to approval by the Company stockholders entitled to vote at a meeting of stockholders. In addition,
to the extent determined by the Administrator to be required by the Code to ensure that Incentive Stock Options granted under the Plan
are qualified under Section&nbsp;422 of the Code, Plan amendments shall be subject to approval by the Company stockholders entitled to
vote at a meeting of stockholders. Nothing in this Section&nbsp;14 shall limit the Administrator&rsquo;s authority to take any action
permitted pursuant to Section&nbsp;3(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 15.</FONT></TD>
  <TD STYLE="width: 90%"><U>STATUS OF PLAN</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">With respect to the portion of any Award that has
not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights greater
than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine in connection with any Award
or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other arrangements to meet the Company&rsquo;s
obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts or other arrangements
is consistent with the foregoing sentence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 16. </FONT></TD>
  <TD STYLE="width: 90%"><U>GENERAL PROVISIONS</U></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Distribution; Compliance with Legal Requirements</U>. The Administrator may require each person acquiring Stock pursuant
to an Award to represent to and agree with the Company in writing that such person is acquiring the shares without a view to distribution
thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No shares of Stock shall be issued pursuant to
an Award until all applicable securities law and other legal and stock exchange or similar requirements have been satisfied. The Administrator
may require the placing of such stop-orders and restrictive legends on certificates for Stock and Awards as it deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Stock Certificates</U>. Notwithstanding any other provision of the Plan, unless otherwise determined by the Administrator or
required by any applicable laws, the Company shall not be required to deliver to any grantee certificates evidencing shares of Stock issued
in connection with any Award and instead such shares of Stock may be recorded in the books of the Company (or, as applicable, its transfer
agent or stock plan administrator). However, if Stock certificates are delivered to grantees under the Plan, such certificates shall be
deemed delivered for all purposes when the Company or a stock transfer agent of the Company shall have mailed such certificates in the
United States mail, addressed to the grantee, at the grantee&rsquo;s last known address on file with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Compensation Arrangements; No Employment Rights</U>. Nothing contained in this Plan shall prevent the Board from adopting
other or additional compensation arrangements, including trusts, and such arrangements may be either generally applicable or applicable
only in specific cases. The adoption of this Plan and the grant of Awards do not confer upon any employee any right to continued employment
with the Company or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Trading Policy Restrictions</U>. Option exercises and other Awards under the Plan shall be subject to such Company&rsquo;s insider
trading policy and procedures, as in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Designation of Beneficiary</U>. Each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries
to exercise any Award or receive any payment under any Award payable on or after the grantee&rsquo;s death. Any such designation shall
be on a form provided for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary
has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the
grantee&rsquo;s estate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 17.</FONT></TD>
  <TD STYLE="width: 90%"><U>EFFECTIVE DATE OF PLAN</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Third Amended and Restated 2004 Stock
Incentive Plan shall become effective upon approval by the holders of a majority of the votes cast at a meeting of stockholders at
which a quorum is present. Subject to such approval by the stockholders and to the requirement that no Stock may be issued hereunder
prior to such approval, Stock Options and other Awards may be granted hereunder on and after adoption of this Plan by the Board. No
grants of Stock Options and other Awards may be made hereunder after February 7, 2032.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 10%"><FONT STYLE="text-transform: none">SECTION 18.</FONT></TD>
  <TD STYLE="width: 90%"><U>GOVERNING LAW</U></TD></TR>
</TABLE>




<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Plan and all Awards and actions taken thereunder
shall be governed by, and construed in accordance with, the laws of the State of Delaware, applied without regard to conflict of law principles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE APPROVED BY BOARD OF DIRECTORS: February 10, 2004</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE APPROVED BY STOCKHOLDERS: May 5, 2004</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE AMENDMENT TO SECTION 12 APPROVED BY BOARD OF DIRECTORS: July 31,
2007</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE ON WHICH AMENDED AND RESTATED PLAN APPROVED BY BOARD OF DIRECTORS:
November 1, 2010</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE ON WHICH SECOND AMENDED AND RESTATED PLAN APPROVED BY BOARD OF
DIRECTORS: February 19, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE ON WHICH SECOND AMENDED AND RESTATED PLAN APPROVED BY STOCKHOLDERS:
May 15, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE ON WHICH THIRD AMENDED AND RESTATED PLAN APPROVED BY BOARD OF
DIRECTORS: February 7, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE ON WHICH THIRD AMENDED AND RESTATED PLAN APPROVED BY STOCKHOLDERS:
May 11, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 18; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></FONT></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>tm2214626d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center"><B>PROPOSAL 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center"><B>APPROVAL OF THE WATTS WATER TECHNOLOGIES,
INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center"><B>THIRD AMENDED AND RESTATED 2004 STOCK
INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In 2013, we adopted the Second Amended and Restated 2004 Stock Incentive
Plan to encourage and enable the non-employee directors, officers, employees and other key persons (including consultants and prospective
employees) of the Company and its subsidiaries to acquire a proprietary interest in the Company. It is anticipated that providing such
persons with a direct stake in the Company&rsquo;s welfare will assure a closer identification of their interests with those of the Company,
thereby stimulating their efforts on the Company&rsquo;s behalf and strengthening their desire to remain with the Company. The primary
purpose of the third amendment and restatement is to allow the Company to continue to use the 2004 Stock Incentive Plan beyond February
2023 when, pursuant to its present terms, the plan will otherwise expire. Upon the approval of the Third Amended and Restated 2004 Stock
Incentive Plan, the &ldquo;Expiration Date&rdquo; of the plan will be February 7, 2032, the tenth anniversary of the approval of the Third
Amended and Restated 2004 Stock Incentive Plan by our Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition to extending the Expiration Date, the amendments to the
2004 Stock Incentive Plan reflected in the Third Amended and Restated 2004 Stock Incentive Plan would effect the following material changes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">remove certain provisions of the 2004 Stock Incentive Plan that were otherwise
required for future awards to qualify as performance-based compensation under an exception to Section 162(m) of the Code prior to its
repeal;</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                        </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">remove the 2,000,000 shares maximum limit that may be awarded under the plan
in the form of unrestricted stock, restricted stock and deferred stock Awards (as defined below);</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">remove the requirement that restricted stock and deferred stock Awards with
time-based vesting have a minimum vesting period of three years;</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                 </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">provide that payments of dividend equivalent rights associated with another
Award will not be made until the other Award becomes vested;</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                             </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">remove the 300,000 shares maximum annual limit on stock options and stock
appreciation rights Awards granted to any one individual; and</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                              </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">remove
the requirement for stockholder approval of material changes to the method of determining fair market value under the plan.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As of February 1, 2022, the 2004 Stock Incentive Plan had 1,038,783
shares (plus any shares returned due to forfeitures or withheld to satisfy tax withholding obligations) available for future Awards. We
believe this is a sufficient number of shares for at least three additional years of Awards assuming we continue to grant Awards consistent
with our historical usage and current practices, and noting that future circumstances may require us to make changes to our current practices.
Accordingly, we are not seeking an increase in the number of shares authorized for issuance under the Third Amended and Restated 2004
Stock Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stockholders should understand that our executive officers and non-employee
directors may be considered to have an interest in the approval of the Third Amended and Restated 2004 Stock Incentive Plan because they
may in the future receive awards under it. Nevertheless, our Board believes that it is important to provide incentives and rewards to
attract, motivate, and retain high quality talent by implementing the Third Amended and Restated 2004 Stock Incentive Plan. If the Third
Amended and Restated 2004 Stock Incentive Plan is not approved, our ability to grant Awards will be limited, and we will be limited in
our ability to use equity compensation as a tool for aligning our Board&rsquo;s and employees&rsquo; interests with those of Watts Water
and our stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Significant Historical Award Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Historically, we have granted predominantly stock options, restricted
stock awards, stock awards, deferred stock awards and performance stock unit awards under the 2004 Stock Incentive Plan. The table below
presents information about the shares of our class A common stock that were subject to the various outstanding equity awards as of February
1, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font: 10pt Times New Roman, Times, Serif; text-align: left">Number of shares underlying outstanding stock options:</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">3,756</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Weighted-average exercise price of stock options:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">$52.92</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Weighted-average remaining term (years) of stock options:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1.76</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Number of unvested restricted stock award shares:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6,657</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Number of shares underlying deferred stock awards:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">129,072</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Number of target shares underlying performance stock unit awards:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">177,029</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shares underlying Awards granted under the 2004 Stock Incentive Plan
that are forfeited, cancelled, reacquired by the Company prior to vesting, satisfied without the issuance of shares or otherwise terminated,
and shares used to satisfy tax withholdings with respect to an Award, will become available again for grant under the 2004 Stock Incentive
Plan. These shares would also be added back to the shares available for grant under the Third Amended and Restated 2004 Stock Incentive
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table shows how we have used equity compensation under
the 2004 Stock Incentive Plan for the last three years:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Key Equity Metrics</TD><TD STYLE="font-size: 10pt; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: normal; text-align: center; border-bottom: Black 1pt solid">2021</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: normal">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: normal; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: normal">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: normal; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: normal">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; font-size: 10pt; font-weight: normal; text-align: left">Percentage of equity awards granted to named executive officers (1)</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; font-weight: normal; text-align: right">43</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; font-weight: normal; text-align: right">47</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; font-weight: normal; text-align: right">45</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: normal; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">Equity burn rate (2)</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">0.4</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">0.5</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">0.5</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">Dilution (3)</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">4.0</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">4.2</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">4.4</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">Overhang (4)</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">0.9</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">1.0</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: right">1.0</TD><TD STYLE="font-size: 10pt; font-weight: normal; text-align: left">%</TD></TR>
  </TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 3%">&nbsp;</TD>
  <TD STYLE="width: 3%"><FONT STYLE="font-weight: normal">(1)</FONT></TD>
  <TD STYLE="width: 94%"><FONT STYLE="font-weight: normal">Percentage of equity awards granted to our named executive officers is calculated by dividing the number
of shares subject to equity awards that were granted to the named executive officers during the fiscal year by the total shares subject
to equity awards that were granted during the fiscal year.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 3%">&nbsp;</TD>
  <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-weight: normal">(2) </FONT></TD>
  <TD STYLE="text-align: left; width: 94%"><FONT STYLE="font-weight: normal">Equity burn rate is calculated by dividing the number of shares subject to equity awards granted during
the fiscal year by the weighted-average number of shares outstanding during the fiscal year.</FONT></TD></TR>
</TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 3%">&nbsp;</TD>
  <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-weight: normal">(3)</FONT></TD>
  <TD STYLE="text-align: left; width: 94%"><FONT STYLE="font-weight: normal">Dilution is calculated by dividing the sum of (x) the number of shares subject to equity awards outstanding
at the end of the fiscal year and (y) the number of shares available for future grants, by the number of shares outstanding at the end
of the fiscal year.</FONT></TD></TR>
</TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 3%">&nbsp;</TD>
  <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-weight: normal">(4) </FONT></TD>
  <TD STYLE="text-align: left; width: 94%"><FONT STYLE="font-weight: normal">Overhang is calculated by dividing the number of shares subject to equity awards outstanding at the
end of the fiscal year by the number of shares outstanding at the end of the fiscal year.</FONT></TD></TR>
</TABLE>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">Employees, non-employee
directors and other key persons (including consultants and prospective employees) are eligible to receive equity awards. As of February
1, 2022, approximately 130 employees and nine non-employee directors were eligible to receive awards under the 2004 Stock Incentive Plan.
If approved, approximately the same number of employees and non-employee directors would be eligible for grants under the Third Amended
and Restated 2004 Stock Incentive Plan. As of February 1, 2022, 117 employees and nine non-employee directors held awards granted under
the 2004 Stock Incentive Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Summary of the Third Amended and Restated 2004 Stock Incentive Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A summary of the principal provisions of the Third Amended and
Restated 2004 Stock Incentive Plan is set forth below. The summary is qualified by reference to the full text of the Third Amended
and Restated 2004 Stock Incentive Plan, which is attached as Appendix A to this Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Third Amended and Restated 2004 Stock Incentive Plan was approved
by our Board on February 7, 2022, subject to approval by our stockholders. The Third Amended and Restated 2004 Stock Incentive Plan provides
for the grant of options (both nonqualified and incentive stock options), SARs, restricted stock, performance awards, dividend equivalents,
unrestricted stock awards and deferred stock (collectively, &ldquo;Awards&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Shares Subject
to the Third Amended and Restated 2004 Stock Incentive Plan</I></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">Under the Third
Amended and Restated 2004 Stock Incentive Plan, the aggregate number of shares of our class A common stock that may be issued or transferred
pursuant to Awards is 4,500,000, which is the same number of shares that may be issued or transferred under the 2004 Stock Incentive Plan.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">The Third Amended
and Restated 2004 Stock Incentive Plan provides that no non-employee director may be granted an Award of more than 100,000 shares of our
class A common stock in any calendar year. The shares of our class A common stock available under the Third Amended and Restated 2004
Stock Incentive Plan may be either previously authorized and unissued shares or treasury shares. The Third Amended and Restated 2004 Stock
Incentive Plan provides for appropriate adjustments in the number and kind of shares subject to the plan and to outstanding Awards thereunder
in the event of a&nbsp;corporate event or transaction, including any stock dividend, stock split, reorganization, recapitalization, reclassification,
merger, consolidation or other similar change in the Company&rsquo;s capital stock or sale of all or substantially all of the assets of
the Company. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">If any shares subject
to an Award under the Third Amended and Restated 2004 Stock Incentive Plan are forfeited, canceled, held back upon exercise of an option
or settlement of an Award to cover the tax withholding, reacquired by the Company prior to vesting, satisfied without the issuance of
shares of our class A common stock or otherwise terminated, then such shares shall be available again for grant under the plan. To the
extent permitted by applicable law or any exchange rule, shares issued in assumption of, or in substitution for, any outstanding awards
or an entity acquired by the Company or any of its subsidiaries will not be counted against the shares available for grant under the Third
Amended and Restated 2004 Stock Incentive Plan. Shares tendered or withheld to satisfy the exercise price of an option granted under the
Third Amended and Restated 2004 Stock Incentive Plan will not again be available for grant under the plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">On March 17, 2022,
the closing price of a share of our class A common stock on the NYSE was $147.35.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Administration</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Third Amended and Restated 2004 Stock Incentive Plan is administered
by either our Board or a committee of not less than two non-employee directors (the &ldquo;Administrator&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrator is authorized to determine the individuals who will
receive Awards (the &ldquo;participants&rdquo;), the terms and conditions of such Awards, the types of Awards to be granted and the number
of shares to be subject to each Award; approve written award agreements; accelerate the vesting or exercisability of all or a portion
of any Award; and extend the period during which an option may be exercised. The Administrator is also authorized to adopt, alter and
repeal rules relating to the administration of the Third Amended and Restated 2004 Stock Incentive Plan. The Administrator may delegate
to the Company&rsquo;s Chief Executive Officer all or part of its authority to grant Awards at fair market value to participants other
than senior executive officers subject to Section 16 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Amendment and Termination</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Board may amend or discontinue the Third Amended and Restated
2004 Stock Incentive Plan at any time, and the Administrator may amend or cancel any outstanding Award for the purpose of satisfying
changes in law, but no action by the Administrator can adversely affect the rights of an outstanding Award without the
holder&rsquo;s consent. Any material plan amendments, including amendments that (i) increase the number of shares available under
the plan, (ii) reduce the price per share of any outstanding stock option or stock appreciation right granted under the Third
Amended and Restated 2004 Stock Incentive Plan, or (iii) cancel any stock option or stock appreciation right in exchange for cash or
another Award, are subject to stockholder approval. In no event may the Administrator exercise discretion to reduce the exercise
price of outstanding options or the base price of stock appreciation rights or effect repricing of such Awards through cancellations
and regrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Third Amended and Restated 2004 Stock Incentive Plan will expire
and no further Awards may be granted after February 7, 2032, the tenth anniversary of its approval by our Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Eligibility</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Awards under the Third Amended and Restated 2004 Stock Incentive Plan
may be granted to individuals who are our employees, officers, non-employee directors and other key persons (including consultants and
prospective employees). However, options which are intended to qualify as incentive stock options may only be granted to employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Awards</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following will briefly describe the principal features of the various
Awards that may be granted under the Third Amended and Restated 2004 Stock Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Stock Options</I> &ndash; Stock options provide for the right to
purchase our class A common stock at a specified price, and usually will become exercisable in the discretion of the Administrator in
one or more installments after the grant date. The option exercise price may be paid in:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">cash, </FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                                                                                                   </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">check, </FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                                                                                                    </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">shares of our class A common stock (including shares issuable pursuant to
the exercise of an Award or shares of which have been held by the participant for such period required by the Administrator), </FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                                               </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">broker assisted cashless exercise, or </FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                                                                                                                                   </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">such other instrument acceptable to the Administrator. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stock options may take two forms, non-statutory options (&ldquo;NSOs&rdquo;)
and incentive stock options (&ldquo;ISOs&rdquo;). NSOs may be granted for any term specified by the Administrator, but shall not exceed
ten years. ISOs will be designed to comply with the provision of the Code and will be subject to certain restrictions contained in the
Code in order to qualify as ISOs. Among such restrictions, ISOs must:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">have an exercise price not less than the fair market value of our class A
common stock on the date of grant, or if granted to certain individuals who own or are deemed to own at least 10% of the total combined
voting power of all of our classes of stock (&ldquo;10% stockholders&rdquo;), then such exercise price may not be less than 110% of the
fair market value of our class A common stock on the date of grant,</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                    </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">be granted only to our employees,</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                                                                                                                              </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">expire within a specified time following the option holder&rsquo;s termination
of employment,</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                               </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">be exercised within ten years after the date of grant, or with respect to
10% stockholders, no more than five years after the date of grant, and </FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                        </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">not be exercisable for the first time by any participant during any calendar
year for shares of our class A common stock with an aggregate fair market value in excess of $100,000, determined based on the exercise
price.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No ISO may be granted under the Third Amended and Restated 2004 Stock
Incentive Plan after February 7, 2032.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Restricted Stock</I> &ndash; A restricted stock award is the
grant of shares of our class A common stock at a price determined by the Administrator (which price shall be no less than the par
value of such shares) that is nontransferable and unless otherwise determined by the Administrator at the time of award, may be
repurchased by the Company upon termination of a participant&rsquo;s employment or service during a restricted period. Participants
will have all rights as a stockholder, including the right to vote the shares of restricted stock, unless otherwise provided in the
Award agreement. Restricted stock granted to participants will vest according to the terms of each individual Award agreement, as
determined by the Administrator. In the event that restricted stock has performance-based vesting, the restricted period will not be
less than one year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Stock Appreciation Rights</I> (&ldquo;SARs&rdquo;) &ndash; SARs
provide for the payment to the holder based upon increases in the price of our class A common stock over a set base price. SARs may be
granted in connection with stock options or other Awards or separately. The term and conditions of each SAR, including the period during
which a vested SAR may be exercised, is set by the Administrator; provided that (i) SARs granted in tandem with options will be exercisable
at such time and to the extent that the related options are exercisable, (ii) upon the exercise of a SAR, the applicable portion of any
related option must be surrendered and (iii) SARs are only exercisable by the holder or his or her legal representative during the holder&rsquo;s
lifetime. All SARs granted will count against the number of shares that may be issued or transferred under the Third Amended and Restated
2004 Stock Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Dividend Equivalents</I> &ndash; Dividend equivalents represent
the value of the dividends per share of our class A common stock that we pay, calculated with reference to the number of shares covered
by an Award (other than a dividend equivalent award) held by the participant. These may be paid currently or may be deemed to be reinvested
in additional shares of our class A common stock, which may thereafter accrue additional equivalents. Dividend equivalents may be settled
in cash or shares or a combination thereof. In addition, dividend equivalents granted with respect to other Awards (including performance
vesting awards) will be held in escrow and will only be paid to the grantee upon and to the extent that the vesting conditions of the
other Awards (including any performance conditions) are subsequently satisfied and the Award vests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Unrestricted Stock Awards</I> &ndash; The Administrator may, in
its sole discretion, grant (or sell at par value or such higher purchase price determined by the Administrator) an unrestricted stock
award to any participant, pursuant to which such participant will receive shares of our class A common stock free of any restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Deferred Stock</I> &ndash; Deferred stock is an award of phantom
stock units to a participant, typically without the payment of consideration and subject to vesting conditions, including satisfaction
of performance criteria. Like restricted stock, deferred stock may not be sold, or otherwise transferred, until the vesting conditions
are removed or expire. Unlike restricted stock, deferred stock is not actually issued until the deferred stock award has vested. Recipients
of deferred stock also will have no voting or dividend rights prior to the time when the vesting conditions are met and the underlying
shares of class A common stock are delivered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Performance Awards</I> &ndash; Any Award granted to a covered employee
(within the meaning of Section 162(m) of the Code) on or prior to November 2, 2017 that was intended to meet the requirements of &ldquo;qualified
performance-based compensation&rdquo; under Section 162(m) prior to its amendment by the Tax Cuts and Jobs Act, will be administered and
paid as provided in Section 10 of the Third Amended and Restated 2004 Stock Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Sale Event</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with a sale event, all options and SARs that are not
exercisable immediately prior to the sale event will become fully exercisable and all other Awards will become fully vested and nonforfeitable
as of the effective time of such event, except as the Administrator may otherwise specify with respect to particular Awards. Upon the
occurrence of a sale event, the Third Amended and Restated 2004 Stock Incentive Plan and all outstanding Awards will terminate, unless
provision is made in connection with such sale event for the assumption or continuation of Awards with new awards of the successor entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Adjustments upon Certain Events</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event of a reorganization, recapitalization,
reclassification, stock dividend, stock split, reverse stock split or other similar change in our capital stock, the outstanding
shares of class A common stock are increased or decreased or are exchanged for a different number or kind of shares or other
securities of Watts, or additional shares or new or different shares or other securities of Watts or other non-cash assets are
distributed with respect to such shares or other securities, or, if, as a result of any merger or consolidation, sale of all or
substantially all of the assets of Watts, the outstanding shares of class A common stock are converted into or exchanged for a
different number or kind of securities of Watts or any successor entity (or a parent or subsidiary thereof), the Administrator shall
make an appropriate or proportionate adjustment in (i) the maximum number of shares reserved for issuance under the Third Amended
and Restated 2004 Stock Incentive Plan, including the maximum number of shares that may be issued in the form of unrestricted stock
awards, restricted stock awards or deferred stock awards, (ii) the number of options or SARs that can be granted to any one
individual grantee and the maximum number of shares that may be granted under a performance-based Award, (iii) the number and kind
of shares or other securities subject to any then outstanding Awards under the Third Amended and Restated 2004 Stock Incentive Plan,
(iv) the repurchase price per share subject to each outstanding restricted stock award, and (v) the price for each share subject to
any then outstanding options and SARs under the Third Amended and Restated 2004 Stock Incentive Plan, without changing the aggregate
exercise price as to which such options and SARs remain exercisable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Awards Not Transferable</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Generally, the Awards may not be sold, pledged, assigned or otherwise
transferred other than by will or by the laws of descent and distribution or, subject to the consent of the Administrator, pursuant to
a domestic relations order, as defined in the Code. The Administrator may allow Awards other than ISOs to be transferred for estate or
tax planning purposes to members of the holder&rsquo;s family, charitable institutions or trusts for the benefit of family members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Prohibition on Repricing</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Third Amended and Restated 2004 Stock Incentive Plan prohibits
the Administrator from reducing the exercise price of outstanding options or repricing options and SARs, including a repricing accomplished
through the cancellation of an option or SAR in exchange for cash or another award when the exercise price of the option or the base measurement
price of the SAR exceeds the current fair market value of the class A common stock subject to such option or SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Miscellaneous</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a condition to the issuance or delivery of shares of class A common
stock or payment of other compensation pursuant to the exercise or lapse of restrictions on any Award, we have the authority to require
participants to discharge all applicable withholding tax obligations. Shares held by or to be issued to a participant may also be used
to discharge tax withholding obligations, subject to approval by the Administrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>U.S. Federal Income Tax Consequences </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The tax consequences of the Third Amended and Restated 2004 Stock Incentive
Plan under current U.S. federal law are summarized in the following discussion. This discussion is limited to the general tax principles
applicable to the Third Amended and Restated 2004 Stock Incentive Plan for U.S. taxpayers, and is intended for general information only.
State, local or foreign taxes are not discussed. Tax laws are complex and subject to change and may vary depending on individual circumstances
and from locality to locality. The tax information summarized is not tax advice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Nonqualified
Stock Options</I>. For U.S. federal income tax purposes, an optionee generally will not recognize taxable income at the time a non-qualified
stock option is granted under the Third Amended and Restated 2004 Stock Incentive Plan. The optionee will recognize ordinary income, and
we will be entitled to a deduction, upon the exercise of a non-qualified stock option. The amount of income recognized (and the amount
generally deductible by us) generally will be equal to the excess, if any, of the fair market value of the shares at the time of exercise
over the aggregate exercise price paid for the shares, regardless of whether the exercise price is paid in cash, shares or other property.
An optionee&rsquo;s basis for the stock for purposes of determining his or her gain or loss upon a subsequent disposition of the shares
generally will be the fair market value of the stock on the date of exercise of the non-qualified stock option, and any subsequent gain
or loss will generally be taxable as capital gain or loss. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Incentive
Stock Options</I>. An optionee generally will not recognize taxable income either at the time an incentive stock </FONT>option is
granted or when it is exercised. However, the amount by which the fair market value of the shares at the time of exercise exceeds
the exercise price will be an &ldquo;item of tax preference&rdquo; to the optionee for purposes of alternative minimum tax.
Generally, upon the sale or other taxable disposition of the shares acquired upon exercise of an incentive stock option, the
optionee will recognize taxable income. If shares acquired upon the exercise of an incentive stock option are held for the longer of
two years from the date of grant or one year from the date of exercise, the gain or loss (in an amount equal to the difference
between the fair market value on the date of sale and the exercise price) upon disposition will be treated as a long-term capital
gain or loss, and the Company will not be entitled to any deduction. If this holding period is not met and the stock is sold for a
gain, then the difference between the option price and the fair market value of the stock on the date of exercise will be taxed as
ordinary income and any gain over that will be eligible for long or short term capital gain treatment. If the holding period is not
met and the shares are disposed of for less than the fair market value on the date of exercise, then the amount of ordinary income
is limited to the excess, if any, of the amount realized over the exercise price paid. We generally will be entitled to a deduction
in the amount of any ordinary income recognized by the optionee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal"></FONT></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Stock Appreciation
Rights</I>. No taxable income is generally recognized upon the receipt of an SAR. Upon exercise of an SAR, the cash or the fair market
value of the shares received generally will be taxable as ordinary income in the year of such exercise. We generally will be entitled
to a compensation deduction for the same amount which the recipient recognizes as ordinary income. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 15pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Restricted Stock</I>.
A participant to whom restricted stock is issued generally will not recognize taxable income upon such issuance and we generally will
not then be entitled to a deduction, unless an election is made by the participant under Section&nbsp;83(b) of the Code. However, when
restrictions on shares of restricted stock lapse, such that the shares are no longer subject to a substantial risk of forfeiture, the
participant generally will recognize ordinary income and we generally will be entitled to a deduction for an amount equal to the excess
of the fair market value of the shares on the date such restrictions lapse over the purchase price thereof. If an election is made under
Section&nbsp;83(b) of the Code, then the participant generally will recognize ordinary income on the date of issuance equal to the excess,
if any, of the fair market value of the shares on that date over the purchase price therefor and we will be entitled to a deduction for
the same amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Deferred Stock</I>.
A participant will generally not recognize taxable income upon the grant of deferred stock. However, when the shares are delivered to
the participant, the value of such shares at that time will be taxable to the participant as ordinary income. Generally, we will be entitled
to a deduction for an amount equal to the amount of ordinary income recognized by the participant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Unrestricted
Stock Award</I>. A participant will recognize taxable ordinary income on the fair market value of the stock delivered as payment of bonuses
or other compensation under the Third Amended and Restated 2004 Stock Incentive Plan and generally we will be entitled to a corresponding
deduction.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Performance
Awards</I>. A participant who has been granted a performance award (either performance unit or stock) generally will not recognize taxable
income at the time of grant, and we will not be entitled to a deduction at that time. When an award is paid, whether in cash or shares,
the participant generally will recognize ordinary income, and we will be entitled to a corresponding deduction. </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal"><I>Code Section
409A</I>. Certain Awards under the Third Amended and Restated 2004 Stock Incentive Plan, depending in part on particular Award terms and
conditions, may be considered non-qualified deferred compensation subject to the requirements of Code Section 409A. If the terms of such
Awards do not meet the requirements of Code Section 409A, then the violation may result in an additional 20% tax obligation, plus penalties
and interest for such participant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Plan Benefits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The number of Awards that an individual participant may receive
under the Third Amended and Restated 2004 Stock Incentive Plan is in the discretion of the Administrator and therefore cannot be
determined in advance. The following shows the number of awards that were granted under the 2004 Stock Incentive Plan from its
original effective date of May 5, 2004 to February 1, 2022 to the current named executive officers and the other groups of
individuals named below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">PLAN BENEFITS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name and Position</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number of Shares<BR>
 of Restricted Stock</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number of Shares<BR>
 Underlying Stock Options</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number of Shares<BR>
 of Stock or<BR>
 Deferred Stock<BR>
 Awards</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number of Target<BR>
 Performance Stock<BR>
 Awards</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="17" STYLE="font: 10pt Times New Roman, Times, Serif">Named Executive Officers</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: left">Robert J. Pagano, Jr., Chief Executive Officer, President &amp; Chairperson of the Board</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">138,350</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">54,690</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">173,513</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Shashank Patel, Chief Financial Officer</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,667</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10,818</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">12,731</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Munish Nanda, President, Americas &amp; Europe</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">46,335</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,379</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">37,323</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Elie Melhem, President, APMEA</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">43,498</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">45,417</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10,620</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">34,627</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Kenneth R. Lepage, General Counsel, Chief Sustainability Officer &amp; Secretary</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">56,216</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">104,677</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10,374</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">33,484</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Current Executive Officers as a Group (6 persons)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">299,086</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">150,094</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">103,726</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">291,678</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Current Non-Executive Director Group (9 persons)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">87,904</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="17" STYLE="font: 10pt Times New Roman, Times, Serif">Director Nominees</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Christopher L. Conway</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10,024</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Michael J. Dubose</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,319</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">David A. Dunbar</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6,874</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Louise K. Goeser</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,262</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">W. Craig Kissel</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">17,083</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Joseph T. Noonan</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">13,418</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Merilee Raines</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">18,288</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Joseph W. Reitmeier</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,762</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Each associate of any such directors, executive officers or nominees</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Each other person who received or is to receive 5 percent of such options, warrants or rights</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-Executive Officer Employee Group</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">269,993</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">249,290</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">125,756</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">211,774</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Equity Compensation Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table provides certain information as of December 31,
2021 about our class A common stock that may be issued under our existing equity compensation plans:</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Equity Compensation Plan Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">Plan&nbsp;category</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number&nbsp;of&nbsp;securities&nbsp;to&nbsp;be issued&nbsp;upon&nbsp;exercise&nbsp;of<BR> outstanding&nbsp;options,<BR> warrants&nbsp;and&nbsp;rights</TD><TD STYLE="padding-bottom: 1pt; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: normal 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Weighted-average<BR>
    exercise&nbsp;price&nbsp;of<BR> outstanding options,<BR> warrants,&nbsp;and rights</TD><TD STYLE="padding-bottom: 1pt; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number&nbsp;of&nbsp;securities&nbsp;remaining<BR> available&nbsp;for&nbsp;future&nbsp;issuance<BR> under&nbsp;equity&nbsp;compensation&nbsp;plans<BR> (excluding&nbsp;securities&nbsp;reflected&nbsp;in<BR> column&nbsp;(a))</TD><TD STYLE="padding-bottom: 1pt; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">(a)</FONT></TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">(b)</FONT></TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">(c)</FONT></TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 61%; font: 10pt Times New Roman, Times, Serif; text-align: left">Equity compensation plans approved by security holders </TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">398,190</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">(1)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"></TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">$52.92</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">(2)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,758,892</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">(3)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif; text-align: left">Equity compensation plans not approved by security holders</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">---</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">398,190</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">$52.92</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,758,892</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"></TD><TD STYLE="width: 3%">(1)</TD><TD STYLE="width: 94%">Represents 3,756 outstanding options, 178,250 performance stock awards and 131,582 deferred stock awards under the 2004 Stock Incentive
Plan, and 84,602 outstanding restricted stock units under the Management Stock Purchase Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 3%">&nbsp;</TD>
  <TD STYLE="width: 3%">(2)</TD>
  <TD STYLE="width: 94%">Represents the weighted-average exercise price of the 3,756 outstanding options.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"></TD><TD STYLE="width: 3%">(3)</TD><TD STYLE="width: 94%">Includes 1,038,783 shares available for future issuance under the 2004 Stock Incentive Plan, and 720,109 shares available for future
issuance under the Management Stock Purchase Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Board Recommendation and Vote Required for Approval:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Approval of the Watts Water Technologies, Inc. Third Amended and Restated
2004 Stock Incentive Plan requires the affirmative vote of the holders of a majority of the votes present in person or represented by
proxy and entitled to be cast.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>The Board of Directors recommends
a vote &ldquo;FOR&rdquo; the approval of the Watts Water Technologies, Inc. Third Amended and Restated 2004 Stock Incentive Plan.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>wts-20220511.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.12c -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWaGA6bOdzZR+OYkxtmB2bVma3ycoAA7vhy6f4qCGQeoH -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:srt-types="http://fasb.org/srt-types/2021-01-31" xmlns:wts="http://wattswater.com/20220511" elementFormDefault="qualified" targetNamespace="http://wattswater.com/20220511">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://wattswater.com/role/Cover" id="Cover">
	  <link:definition>00000001 - Document - Cover</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="wts-20220511_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="wts-20220511_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2021q4" schemaLocation="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd" />
    <import namespace="http://fasb.org/us-gaap/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2021" schemaLocation="https://xbrl.sec.gov/country/2021/country-2021.xsd" />
    <import namespace="http://fasb.org/srt/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd" />
    <import namespace="http://fasb.org/srt-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>wts-20220511_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.12c -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US">Cover [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>wts-20220511_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.12c -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://wattswater.com/role/Cover" xlink:href="wts-20220511.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://wattswater.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.22.1</span><table class="report" border="0" cellspacing="2" id="idm140601977668216">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 11, 2022</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 11,  2022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-11499<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">WATTS WATER TECHNOLOGIES, INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000795403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">04-2916536<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">815 Chestnut Street<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">North Andover<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">MA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">01845<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">978<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">688-1811<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Class&#160;A
    Common Stock, par value $0.10 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">WTS<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>tm2214626d1_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2021q4"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="wts-20220511.xsd" xlink:type="simple"/>
    <context id="From2022-05-11to2022-05-11">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000795403</identifier>
        </entity>
        <period>
            <startDate>2022-05-11</startDate>
            <endDate>2022-05-11</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="From2022-05-11to2022-05-11">0000795403</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="From2022-05-11to2022-05-11">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="From2022-05-11to2022-05-11">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2022-05-11to2022-05-11">2022-05-11</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="From2022-05-11to2022-05-11">WATTS WATER TECHNOLOGIES, INC.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="From2022-05-11to2022-05-11">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2022-05-11to2022-05-11">001-11499</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="From2022-05-11to2022-05-11">04-2916536</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="From2022-05-11to2022-05-11">815 Chestnut Street</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="From2022-05-11to2022-05-11">North Andover</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="From2022-05-11to2022-05-11">MA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="From2022-05-11to2022-05-11">01845</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="From2022-05-11to2022-05-11">978</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="From2022-05-11to2022-05-11">688-1811</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="From2022-05-11to2022-05-11">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="From2022-05-11to2022-05-11">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="From2022-05-11to2022-05-11">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="From2022-05-11to2022-05-11">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2022-05-11to2022-05-11">Class&#160;A     Common Stock, par value $0.10 per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-05-11to2022-05-11">WTS</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-05-11to2022-05-11">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="From2022-05-11to2022-05-11">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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M<-CG.A\ ]U=*V;=.?OXL_SX8_@M02P,$%     @ .G2K5)^@&_"Q @  X@P
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MB^$_7G\!4$L! A0#%     @ .G2K5 =!36*!    L0   !
M ( !     &1O8U!R;W!S+V%P<"YX;6Q02P$"% ,4    "  Z=*M4;I"WI^\
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M<W1Y;&5S+GAM;%!+ 0(4 Q0    ( #ITJU27BKL<P    !,"   +
M      "  6L/  !?<F5L<R\N<F5L<U!+ 0(4 Q0    ( #ITJU2JQ"(6,P$
M "("   /              "  500  !X;"]W;W)K8F]O:RYX;6Q02P$"% ,4
M    "  Z=*M4)!Z;HJT   #X 0  &@              @ &T$0  >&PO7W)E
M;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4    "  Z=*M499!YDAD!  #/
M P  $P              @ &9$@  6T-O;G1E;G1?5'EP97-=+GAM;%!+!08
1    "0 ) #X"  #C$P     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.22.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm2214626d1_8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://wattswater.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="tm2214626d1_8k.htm">tm2214626d1_8k.htm</File>
    <File>tm2214626d1_ex10-1.htm</File>
    <File>tm2214626d1_ex99-1.htm</File>
    <File>wts-20220511.xsd</File>
    <File>wts-20220511_lab.xml</File>
    <File>wts-20220511_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="22">http://xbrl.sec.gov/dei/2021q4</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "tm2214626d1_8k.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "tm2214626d1_8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "wts-20220511_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "wts-20220511_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "wts-20220511.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd",
      "https://xbrl.sec.gov/country/2021/country-2021.xsd",
      "https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd"
     ]
    }
   },
   "elementCount": 59,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2021q4": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 22,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "wts",
   "nsuri": "http://wattswater.com/20220511",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm2214626d1_8k.htm",
      "contextRef": "From2022-05-11to2022-05-11",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "role": "http://wattswater.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm2214626d1_8k.htm",
      "contextRef": "From2022-05-11to2022-05-11",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r19"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "trueItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r9"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://wattswater.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r10": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r11": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310"
  },
  "r12": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a"
  },
  "r13": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f"
  },
  "r14": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f"
  },
  "r15": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r16": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  },
  "r19": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r9": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001104659-22-058721-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-22-058721-xbrl.zip
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M-@&'GM]]M 1V%+%*-HO7$8GE+ETBF(-55[AU0_4/V:QS\YMU<Z!XSZT TZZ
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M_)%#L&1+>5E@*9NM((+-<02A>4@G\](Y,&8R'2'5VMNC.\#ZR+%8(DY[ZQL
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MKV#44>K7\G$! ,?;($ !5T=A#Y.+:PAC$"^V #JIQ^MRMZ2F[H28Z2#+F*)
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M&"CR$:C)- AC;<(W,JTR"XFT6\%8MT 4B&/$44=, /.OR:3+CY!M;0RR 5O
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M%09BXL&%PF$\]P;7@=N4W_6="1-/.F9J3>&0,F/!S:GNL.3@6\KGBZ)B]O3
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ME6:ZPS% L$H?0*.+,G"R*26[TS!9QNI=R]%5_^@VHW& @YD9I2B]1$?*E))
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MT'3]TOTNWB>Z9\0_@WZ$%4R<5#JP"R3I!%.4!]PH9^9*9VP_J%+,)N=CH@D
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M4^B5V&VW.MT#Y6?B!NH@H*Z9C[7Z].*AS4Y/9JG.PIVB1@\*=_]6:%Y]*\;
MJ3#,J CM9]J(=N_HI=-96\_?[4Y)W-E4.*\-PO\XZ+:.2A&3JP)P]\D >,V(
MW'$.#UXZ+]<'Z;V=-4K7]R.=ZR&7?A#/)9G/PI-4ATS4D/N)(+<I,85;;R^#
MV'T>)49FB%0_XV58*=RJ!:6?$6SKB!^9)?YL> S$"EQT2_GA\B[\=H4+GUSU
M<^@FO(@$L2QI[OTR4YO KV;K1$?[\/6YG(8RDA@@O8<1097.!]$Y1)+<QBAK
M<JCZ ZG]S>Z-&PY!]_6'HK/7<0Y>=L50CF08@E"7>X*]T/%8BFZ[O2\NZ+M3
M'PT'ZEHV&^@,=&B<E_O.BW8WMQ!88APJM'7K01-?Q?:8GUS?O9(3C #GD;\D
MX6#L1I+\P*T,I]8;4[,QB(1KN0N5JK0NQ)@"&9J!5EH3K'ZBB%IX1#<%?UCJ
M!A/D <-P!WQL)A:V;,)@'^-/?9#KH A[<RD"W$DOP;"4CM,&2>SPY9Z(QBZ<
M9.;T@DV&@EU=PGBY[KC@(KO?A]VVTVD?S1NUV:@8=D/N^$J8T+L B*(XEQB[
M(_TAZ\4(G'\'L83/06M&"HH0Z9&.['JO5ASI5,T*'SZN6:^YT%_=&"@ _ W'
M>"D'8Q^D_2N%[P-RM,3E6 $D>@@%V#""X!R(/3P]Q("G&8@$#($@Q)3%'8T4
M1?G M]=!G)(28WO%9%!8Y7\#,B_H+_'!2&@*)91O$HTP3<@0+C),-!NPG^^W
MM#1<0NS!QW&  58#-XI;:PHJ^F\2Q6ITJS\TMIIVZT#YZSJ[A1:@I\> -D9B
M#%,S&;:8D,48'34;+A_&K][P[R1X_<?G\U]#^HG/;%58,IO:M-8>&E@1<+E8
MY.G1:_&9N=HK\1&0:',"4>^."JW:ZF_O/A__A]CRA\M/']_^/U!+ P04
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MZ]UV3;BE@*;$%1^0.<6%GAX$#X IG8-2AJ0.E4)OM:_N*M!</@@)%DF7N:7
M;K)-0EL3$ U68P 1!VWQ7*HW*N:BE>(X7="8['\BKV#9#)U;+@";;3 T44!D
MV)T!:%1B5*B1D'N#XY8G6\Q?ETG4TVV80K=X0$;;?.BJ@  !K &$5&JT7,Q]
M]RHKO%_$ MCD/BF?+^\A!=2[!:;'=IL;0!P0/MT. 8I$$&I'^89I02/&GUCC
M<8DYVXG&\'7.8GC$TA/E%JQ!16CCU1D2$&1#? *HM4(_E,^T(";G!A49()F#
M-^K.XU@<K*SZ<Y50,@6/@57KEK .NVVN+,* :(+= 0Q5R@_J Y(QZ(:&!,[L
M#<6=^0=G-A2<6=#@S-X#SNJ%!03.\1N*>^P?G..AX!P'#<[QN\ 1E>^]S9F+
MCS=\Q5YL#WR#2B_8F%:MT!QDX2%C>.L#1@;(\8T,\8U*,=BZX;></2<T@H?1
MD-P+-(!I*SF:-CQ\[ ;[&*H'R2K.-TC58+WWRZ)D?EJ;MDE[4U-JP@.E;:RW
MD2G5OK&X95F.TW\E3YTGZ7:Q%T2LAJV@M)3AX6*SUP=-&8-$D*^3[@I;>0/$
M.EU-2W<WY=ABZS#EN)$8! @V1^:4X_+J2BGR4=6254XPT#*TDYU5M,547<^-
MM#"JV31DU'+Q_18:7U]HN;),>OO */QP@2EQ5=N0.57C>GH0M0Z8TFN^D*%"
MY_'*O5SA(K,WY8TT9SV];J?NV%5"$#6LNS&Z;97NH49_X4DN]CYGV^V.5G>&
M;,\@ CI7-=UI4]6Z510$ 5W.=!HJ+6J+/:"Q9&D2)7E"-S^+DU.>8%O);")7
M4, &%1&F(@@<0%LZ"P<A4DH/(-QR(F$DHC**"8=RD2-^<W]O[?V[Q*[ Z#>L
M (&508#2:T\'1@2,HT8$*D-0$>,?G466[0A_$T"6$$\8@>8!F Q]B$A!)GO!
M*@-]\[4DT4[TEZ_3V7J5Y*GMQ-.4..N? '-U[Z2E!\$'8$KGH4A#[!Y-9W]:
M_QFI* \(7+,5QW)1V^7K=LU28"4LJ\H5"!T6%0L621 XP+YT(JX9JJ2HU/I:
M*:MEV%(D+=T5!%9;JOI;B4%4O,V1T0BTZMMC\W^QCQZ$,0),=K#+7'<#-I-Z
M5]#4!(%!AS'C9*62(J7U-=GAT(5M^@<%&V^#@DW/H& 3XJ!@,W10L/$Z*%"[
M+I<I$6W4S3I--AA8-+%3[1J,#LLZ(Q9I4+C _L"VHPY!AQ@?JVT6RZ[)5PGP
M;>'A4GRPE!30.5MOL\MFO>"F310$)UW.C"4WRX7P&F(DU3[8V,5)3N+2T&5"
M,8T2G-9+-]JNGO>'."-FH/D:GAY]&!P-,VD@58:I-1;KP,,RG#XNNY</<?Q"
MTO0GRE[HDN",41*7UUML=Y>Z]6Z?NNFQW7[P!A '@=00A\#C-S)H_"BCD JK
MKI9YH^D;2W<TQ[R8P\YM+12@<TL/8+--C28*B!:[,X"26HQ*M;])X>7J%?7
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M+FAT;5!+ 0(4 Q0    ( #ITJU39SM$;Z$4  'O% 0 6              "
M 8(9  !T;3(R,30V,C9D,5]E>#$P+3$N:'1M4$L! A0#%     @ .G2K5(/@
MIKS ,@  <J4! !8              ( !GE\  '1M,C(Q-#8R-F0Q7V5X.3DM
M,2YH=&U02P$"% ,4    "  Z=*M4/9]?_CL#  #X"P  $
M@ &2D@  =W1S+3(P,C(P-3$Q+GAS9%!+ 0(4 Q0    ( #ITJU3?O#W'_PH
M &R'   4              "  ?N5  !W=',M,C R,C U,3%?;&%B+GAM;%!+
M 0(4 Q0    ( #ITJU2QW+=(4P<  ,18   4              "  2RA  !W
I=',M,C R,C U,3%?<')E+GAM;%!+!08     !@ & (H!  "QJ      !

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