0000038725-05-000019 Sample Contracts

Managing Director Service Contract
Managing Director Service Contract • February 14th, 2005 • Franklin Electric Co Inc • Motors & generators

The CEO Shareholders of the Company intends to appoint Mr. Maske as Managing Director of the Company as of August 1, 2003. On this basis, the Parties agree to on the following Service Contract:

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Franklin Electric Co., Inc. Stock Option Plan Non-Qualified Stock Option Agreement
Non-Qualified Stock Option Agreement • February 14th, 2005 • Franklin Electric Co Inc • Motors & generators • Indiana

This Agreement, effective as of the Date of Grant set forth above, is between Franklin Electric Co., Inc., an Indiana corporation (the “Company”), and the Participant named above. The parties hereto agree as follows:

Franklin Electric Co., Inc. Stock Option Plan Non-Qualified Stock Option Agreement
Non-Qualified Stock Option Agreement • February 14th, 2005 • Franklin Electric Co Inc • Motors & generators • Indiana

This Agreement, effective as of the Date of Grant set forth above, is between Franklin Electric Co., Inc., an Indiana corporation (the “Company”), and the Participant named above. The parties hereto agree as follows:

CONFIDENTIALITY AND NON-COMPETE AGREEMENT
Confidentiality and Non-Compete Agreement • February 14th, 2005 • Franklin Electric Co Inc • Motors & generators • Indiana

In consideration of my employment with Franklin Electric Co., Inc. (“Employer”) and other good and valuable consideration, the receipt and sufficiency of which consideration are hereby acknowledged, I agree on this ____ day of ____, in the year _______ as follows:

CONSULTING AGREEMENT
Consulting Agreement • February 14th, 2005 • Franklin Electric Co Inc • Motors & generators • Indiana

This Consulting Agreement will become effective the 1st day of January 2006 or such earlier date as determined by either party upon providing 30 days written notice, by Franklin Electric Co., Inc. (“Franklin”) and Jess Ford (“Consultant”). By executing this agreement both parties agree to waive the 90-day notice requirement under Section 2 of Mr. Ford’s employment agreement. Under no circumstances would this Consulting Agreement and Mr. Ford’s Employment Agreement be effective at the same time.

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