Amendment Changing
Compensation to Base Pay
Plus Bonus
AMENDMENT TO EMPLOYMENT AGREEMENT
PURSUANT to Section 14(b) of the EMPLOYMENT AGREEMENT (the
"Agreement") dated October 15, 1998 by and between OSHKOSH TRUCK CORPORATION, a
Wisconsin corporation (the "Company"), and XXXXXX X. XXXX (the "Executive"),
Section 11(a)(iii)(A) of the Agreement is hereby amended, effective as of July
1, 2000, to read in its entirety as follows:
(A) Final average monthly Compensation for this purpose is the
average of the Executive's Compensation for the three (3) most recent
Compensation Years ending after December 31, 1997, but prior to the
date of the Executive's termination of employment with the Company,
divided by thirty-six (36). If three (3) such Compensation Years have
not been completed at the time of the Executive's termination of
employment, then the total number of completed calendar months that
have elapsed between December 31, 1997, and the month in which
termination of employment occurs shall be used to determine his final
average monthly Compensation. "Compensation," as used herein, means
that term as defined in the Funded Plan on October 1, 1998, plus bonus
received by the Executive during a Compensation Year pursuant to the
Company's performance bonus plan(s) covering the Executive; provided,
however, that the dollar limitations of Internal Revenue Code Section
401(a)(17) are not applicable when measuring Compensation for purposes
of determining the amount of the Supplemental Retirement Benefit.
Dated this 20th day of July, 2000.
OSHKOSH TRUCK CORPORATION EXECUTIVE
By: /s/ Xxxxxxxx X. Xxxxxx /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
Title: Director - Chair HR Committee
------------------------------------- /s/ Xxxxxx X. Xxxxxxxxxxx
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Attest: /s/ Xxxxxxx Xxxxxxxxx Assistant Secretary
----------------------------------- Oshkosh Truck Corporation
Title: Executive Vice President
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