THE TIMKEN COMPANY Nonqualified Stock Option AgreementNonqualified Stock Option Agreement • February 25th, 2010 • Timken Co • Ball & roller bearings • Ohio
WHEREAS, the grant of stock options evidenced hereby was authorized by a resolution of the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company that was duly adopted on [DATE] (the “Date of Grant”), and the execution of a stock option agreement in the form hereof (this “Agreement”) was authorized by a resolution of the Committee duly adopted on [DATE]; and
DIRECTOR DEFERRED COMPENSATION PLAN THE TIMKEN COMPANY ELECTION AGREEMENTElection Agreement • February 25th, 2010 • Timken Co • Ball & roller bearings
I, , hereby elect to participate in the Director Deferred Compensation Plan for The Timken Company (the “Plan”) with respect to the Compensation that I may receive for the year beginning January 1, 2008.
WAIVER AND OMNIBUS AMENDMENTReceivables Purchase Agreement • February 25th, 2010 • Timken Co • Ball & roller bearings • Illinois
This WAIVER AND OMNIBUS AMENDMENT (this “Amendment”), dated as of December 29, 2006, is entered into among Timken Receivables Corporation, a Delaware corporation (the “Seller”), The Timken Corporation (“Timken”), an Ohio corporation, as Servicer (in such capacity, the “Servicer”) and as Originator (in such capacity, the “Originator”), the funding sources party hereto as the financial institutions (the “Financial Institutions”), Jupiter Securitization Company LLC (together with the Financial Institutions, the “Purchasers”) and JPMorgan Chase Bank, N.A., as letter of credit issuer (in such capacity, the “L/C Issuer”) and as agent (the “Agent”) for the Purchasers and the L/C Issuer.
ContractElection Agreement • February 25th, 2010 • Timken Co • Ball & roller bearings
I, , hereby elect to participate in the 1996 Deferred Compensation Plan for The Timken Company (the “Plan”) adopted with respect to the compensation that I may receive for the year beginning January 1, 2008.
