Hubbell Policies

ADMINISTRATION

Roles and Responsibilities. The Finance function (Group or Corporate as applicable) is responsible for preparing the Special Charges AFE template. The Group controller is responsible for the completeness and accuracy of the supplemental schedules; Roll forward of Restructuring Liabilities and Forecast for Restructuring Costs.

Monitoring, Evaluation and Review. Internal Audit Reviews are performed on a discretionary basis.

Exceptions. In order to obtain an exception to this procedure a written request must be submitted to the VP, Corporate Controller.

ACCOUNTING AND DISCLOSURE

Refer to 3# Accounting and Reporting.

REPORTING

Refer to #3 Accounting and Reporting.

DEFINITIONS

Restructuring activities shall mean activities controlled by mgmt. that materially changes the scope of business or the manner in which business is conducted, including the consolidation and | or relocation of operations or back office activities, or the disposition or abandonment of operations or productive assets.

RELATED DOCUMENTS (Policies, Guidelines, Standards): • Special Charges AFE template • Restructuring and related Costs – Exhibit A

VERSION

Version

Approval

Effective 2014.08.01 2019.08.15

Changes

1 2

J. Capozzoli, A. Hsieh, S. Mais J. Capozzoli, K. Lane, S. Mais

Original Issue

Conformed to new template

152