0001193125-06-165199 Sample Contracts

BALDOR ELECTRIC COMPANY NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • August 8th, 2006 • Baldor Electric Co • Motors & generators

This Agreement is entered into as of «DATE» (the “Agreement Date”), by and between BALDOR ELECTRIC COMPANY (the “Company”) and «OPTIONEE» (ID # «SS») (the “Employee”). The Plan under which this Agreement is made is the Baldor Electric Company 1994 Stock Option Plan and the Administrator of the Plan is the Stock Option Committee of the Board of Directors of the Company. This Agreement is based upon non-qualified stock options originally granted to the Employee on «ORIG DATE».

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BALDOR ELECTRIC COMPANY STOCK UNIT AGREEMENT
Stock Unit Agreement • August 8th, 2006 • Baldor Electric Co • Motors & generators • Missouri

This Agreement is entered into as of «DATE» (the “Agreement Date”), by and between BALDOR ELECTRIC COMPANY (the “Company”), and «OPTIONEE» (ID# «SS») (the “Employee”). Together they agree to the following.

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BALDOR ELECTRIC COMPANY STOCK UNIT AGREEMENT For Non-Employee Directors
Stock Unit Agreement • August 8th, 2006 • Baldor Electric Co • Motors & generators • Missouri

This Agreement is entered into as of «DATE» (the “Agreement Date”), by and between BALDOR ELECTRIC COMPANY (the “Company”), and «OPTIONEE» (ID# «SS») (the “Director”). Together they agree to the following.

Sample 1
BALDOR ELECTRIC COMPANY INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • August 8th, 2006 • Baldor Electric Co • Motors & generators

This Agreement is entered into as of «DATE» (the “Agreement Date”), by and between BALDOR ELECTRIC COMPANY (the “Company”) and «OPTIONEE» (ID # «SS» ) (the “Employee”). The Plan under which this Agreement is made is the Baldor Electric Company 2006 Equity Incentive Plan and the Administrator of the Plan is the Stock Option Committee of the Board of Directors of the Company.

Sample 1
BALDOR ELECTRIC COMPANY NON-QUALIFIED STOCK OPTION AGREEMENT For Non-Employee Directors
Non-Qualified Stock Option Agreement • August 8th, 2006 • Baldor Electric Co • Motors & generators

This Agreement is entered into as of «DATE» (the “Agreement Date”), by and between BALDOR ELECTRIC COMPANY (the “Company”) and «OPTIONEE» (ID # «SS» ) (the “Director”). The Plan under which this Agreement is made is the Baldor Electric Company 2006 Equity Incentive Plan and the Administrator of the Plan is the Stock Option Committee of the Board of Directors of the Company.

Sample 1
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