Employment Contract between Sauer-Danfoss GmbH & Co. OHG, Krokamp 35, 24539 Neumünster, Germany hereinafter referred to as “Employer” and Mr. Sven Ruder, Nejs Bjerg 52 DK-6310 Broager Denmark Preliminary RemarksSauer Danfoss Inc • January 21st, 2009 • Misc industrial & commercial machinery & equipment
Effective January 1, 2009, Mr. Ruder’s position will be of President and Chief Executive Officer of Sauer-Danfoss Inc. The parties have agreed that Mr. Ruder shall be based at and work out of the Neumünster site of Sauer-Danfoss GmbH & Co. OHG, an affiliate of Sauer-Danfoss Inc., also effective from January 1, 2009. For this purpose the existing executive service agreement between Mr. Ruder and Sauer-Danfoss ApS shall be cancelled and replaced by the following employment contract entered into as of January 1, 2009 between Mr. Ruder and Sauer-Danfoss GmbH & Co. OHG.
