Exhibit 10(d)(2)

INDEMNIFICATION AGREEMENT

This Agreement is entered into and effective this ______ day of ____________,
20__ (the “Effective Date”), by and between Snap-on Incorporated, a Delaware
corporation (the “Company”), and [Director’s Name] (“Indemnitee”).

WHEREAS, highly competent persons are becoming more reluctant to serve
publicly-held corporations as directors or officers unless they are provided
with adequate protection through insurance and adequate indemnification against
inordinate risks of claims and actions against them arising out of their service
to and activities on behalf of the corporation;

WHEREAS, Indemnitee is a director or officer of the Company;

WHEREAS, both the Company and Indemnitee recognize the increased risk of
litigation and other claims being asserted against directors and officers of
public companies in today’s environment;

WHEREAS, the current impracticability of obtaining adequate insurance and the
uncertainties relating to indemnification have increased the difficulty of
attracting and retaining such persons;

WHEREAS, the Board of Directors of the Company has determined that the inability
to attract and retain such persons would be detrimental to the best interests of
the Company and its stockholders and that the Company should act to assure such
persons that there will be increased certainty of such protection in the future;

WHEREAS, the By-laws of the Company require the Company to indemnify and advance
expenses to its directors and officers to the fullest extent permitted by law
and the Indemnitee has been serving and continues to serve as a director or
officer of the Company in part in reliance on such By-laws; and

WHEREAS, in recognition of Indemnitee’s need for substantial protection against
personal liability so that Indemnitee may continue to serve the Company free
from undue concern for litigation claims for damages arising out of or related
to the performance of such service, the increasing difficulty in obtaining
satisfactory director and officer liability insurance coverage, and Indemnitee’s
reliance on the aforesaid By-laws, and in part to provide Indemnitee with
specific contractual assurance that the protection promised by such By-laws will
be available to Indemnitee (regardless of, among other things, any amendment to
or revocation of such By-laws, or any change in the composition of the Company’s
Board of Directors, or any acquisition transaction relating to the Company), it
is reasonable, prudent and necessary for the Company to provide in this
Agreement for the indemnification of and the advancing of expenses to Indemnitee
to the fullest extent (whether partial or complete) permitted by law and as set
forth in this Agreement, and, to the extent insurance is maintained, for the
continued coverage of Indemnitee under the Company’s directors’ and officers’
liability insurance policies.

 

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NOW, THEREFORE, in consideration of the foregoing premises and of Indemnitee
continuing to serve the Company directly or, at its request, another enterprise,
and intending to be legally bound hereby, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS

For the purposes of this Agreement, the following terms shall have the meaning
given here:

1.1.         “Board” shall mean the Board of Directors of the Company.

1.2.         “Change of Control” shall be deemed to have occurred on the first
to occur of any one of the events set forth in the following paragraphs:

(i)         any person is or becomes the Beneficial Owner (as defined in
Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), directly or indirectly, of securities of the Company (not including in
the securities Beneficially Owned by such person any securities acquired
directly from the Company or its Affiliates (as defined in Rule 12b-2
promulgated under Section 12 of the Exchange Act)) representing 25% or more of
either the then outstanding shares of common stock of the Company or the
combined voting power of the Company’s then outstanding voting securities,
excluding any person who becomes such a Beneficial Owner in connection with a
transaction described in clause (A) of paragraph (iii) below; or

(ii)         the following individuals cease for any reason to constitute a
majority of the number of directors then serving: individuals who, on the
Effective Date, constitute the Board and any new director (other than a director
whose initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating
to the election of directors of the Company as such terms are used in Regulation
14A under the Exchange Act) whose appointment or election by the Board or
nomination for election by the Company’s stockholders was approved or
recommended by a vote of at least two-thirds (2/3) of the directors then still
in office who either were directors on the Effective Date or whose appointment,
election or nomination for election was previously so approved or recommended;
or

(iii)         there is consummated a merger or consolidation of the Company or
any direct or indirect subsidiary of the Company with any other corporation,
other than (A) a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior to such merger or
consolidation continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity or any parent
thereof) more than 50% of the combined voting power of the voting securities of
the Company or such surviving entity or any parent thereof outstanding
immediately after such merger or consolidation, or (B) a merger or

 

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consolidation effected to implement a recapitalization of the Company (or
similar transaction) in which no person is or becomes the Beneficial Owner,
directly or indirectly, of securities of the Company (not including in the
securities beneficially owned by such person any securities acquired directly
from the Company or its Affiliates) representing 25% or more of either the then
outstanding shares of common stock of the Company or the combined voting power
of the Company’s then outstanding voting securities; or

(iv)         the stockholders of the Company approve a plan of complete
liquidation or dissolution of the Company or there is consummated an agreement
for the sale or disposition by the Company of all or substantially all of the
Company’s assets (in one transaction or a series of related transactions within
any period of 24 consecutive months), other than a sale or disposition by the
Company of all or substantially all of the Company’s assets to an entity, more
than 50% of the combined voting power of the voting securities of which are
owned by stockholders of the Company in substantially the same proportions as
their ownership of the Company immediately prior to such sale.

Notwithstanding the foregoing, no “Change of Control” shall be deemed to have
occurred if there is consummated any transaction or series of integrated
transactions immediately following which the record holders of the common stock
of the Company immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity
which owns all or substantially all of the assets of the Company immediately
following such transaction or series of transactions.

1.3.         “Corporate Status” describes the status of a person who is or was a
director, officer, employee, trustee, agent or fiduciary of the Company or of
any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise which such person is or was serving at the express written
request of the Company.

1.4.         “Disinterested Director” means a director of the Company who is not
and was not a party to the Proceeding in respect of which indemnification is
sought by Indemnitee.

1.5.         “Enterprise” shall mean the Company and any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise of
which Indemnitee is or was serving at the express written request of the Company
as a director, officer, employee, agent or fiduciary.

1.6.         “Expenses” shall include all attorneys’ fees, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses,
duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, and all other disbursements, costs, expenses and
obligations paid or incurred in connection with investigating, prosecuting,
defending, being a witness in, or participating in (including on appeal), or
preparing to prosecute, defend, be a witness in, or participate in, any
Proceeding relating to any Indemnifiable Event.

1.7.         “Good Faith” shall mean Indemnitee having acted in good faith and
in a manner Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company,

 

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and, with respect to any criminal Proceeding, having had no reasonable cause to
believe Indemnitee’s conduct was unlawful.

1.8.         “Indemnifiable Event” shall mean any event or occurrence (including
events or occurrences prior to the date hereof) related to the fact that
Indemnitee is or was a director, officer, employee, agent or fiduciary of the
Company or another Enterprise, or by reason of anything done or not done by
Indemnitee in any such capacity.

1.9.         “Independent Legal Counsel” shall mean an attorney or firm of
attorneys, selected in accordance with the provisions of Section 7.1, who shall
not have otherwise performed services for the Company or Indemnitee within the
last five years (other than with respect to matters concerning the rights of
Indemnitee under this Agreement, or of other indemnitees under similar indemnity
agreements).

1.10.         “Potential Change of Control” shall be deemed to have occurred if
(i) the Company enters into an agreement, the consummation of which would result
in the occurrence of a Change of Control; (ii) any person (including the
Company) publicly announces an intention to take or to consider taking actions
which if consummated would constitute a Change of Control; or (iii) the Board
adopts a resolution to the effect that, for purposes of this Agreement, a
Potential Change of Control has occurred.

1.11.         “Proceeding” includes any action, suit, arbitration, alternate
dispute resolution mechanism, investigation, administrative hearing or any other
actual, threatened or completed proceeding whether civil, criminal,
administrative or investigative.

ARTICLE II

INDEMNIFICATION

Section 2.1.   In General.   The Company shall indemnify and advance Expenses to
Indemnitee in connection with any Proceeding by reason of (or arising in part
out of) an Indemnifiable Event as provided in this Agreement and to the fullest
extent permitted by applicable law in effect on the date hereof and to such
greater extent as applicable law may thereafter from time to time permit. Prior
to a Change of Control, Indemnitee shall not be entitled to indemnification
(including any advancement of Expenses) pursuant to this Agreement in connection
with any Proceeding initiated by Indemnitee unless either (i) the Board of
Directors has authorized or consented to the initiation of such Proceeding or
(ii) such Proceeding seeks to enforce Indemnitee’s rights under this Agreement.

Section 2.2.   Basic Indemnification Arrangement.   If Indemnitee was or is a
party or is threatened to be made a party to any Proceeding by reason of (or
arising in part out of) an Indemnifiable Event, the Company shall indemnify
Indemnitee to the fullest extent permitted by law as soon as practicable but in
any event no later than thirty (30) days after written demand is presented to
the Company, against any and all Expenses, judgments, fines, ERISA excise taxes
or penalties,

 

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and amounts paid in settlement (including all interest, assessments, and other
charges paid or payable in connection with or in respect of such Expenses)
incurred by or for him in connection with the investigation, defense, settlement
or appeal of such Proceeding or any claim, issue or matter therein if Indemnitee
acted in Good Faith. If so requested by Indemnitee, the Company shall advance
(within two (2) business days of such request) any and all Expenses to
Indemnitee (an “Expense Advance”). The obligation of the Company to make an
Expense Advance pursuant to this Section 2.2 shall be subject to the condition
that, if, when and to the extent that it is determined by the forum selected by
Indemnitee pursuant to Section 4.3 that Indemnitee would not be permitted to be
so indemnified under applicable law, the Company shall be entitled to be
reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all
such amounts theretofore paid; provided that the Company’s obligation to make
the Expense Advances under this Section 2.2 or any advance of Expenses under
Article III shall not be qualified or conditioned in any manner by the Company
on the Indemnitee’s ability to reimburse the Company; and provided, further,
that if Indemnitee has commenced or thereafter commences legal proceedings in a
court of competent jurisdiction to secure a determination that Indemnitee should
be indemnified under applicable law, any determination made by such forum that
Indemnitee would not be permitted to be indemnified under applicable law shall
not be binding and Indemnitee shall not be required to reimburse the Company for
any Expense Advance until a final judicial determination is made with respect
thereto (as to which all rights of appeal therefrom have been exhausted or
lapsed).

Section 2.3.   Indemnification of a Party Who is Wholly or Partly Successful.
  Notwithstanding any other provision of this Agreement, to the extent that
Indemnitee is, by reason of an Indemnifiable Event, a party to and is
successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be
indemnified to the maximum extent permitted by law, against any and all Expenses
and liabilities of any type whatsoever (including, but not limited to,
judgments, fines, ERISA excise taxes or penalties, and amounts paid in
settlement) actually and reasonably incurred by or for him in connection
therewith. If Indemnitee is not wholly successful in such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee to the maximum extent permitted by law, against all Expenses and
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA taxes or penalties, and amounts paid in settlement) actually and
reasonably incurred by or for him in connection with each successfully resolved
claim, issue or matter. For purposes of this Section 2.3 and without limitation,
the termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall be deemed to be a successful result as to such
claim, issue or matter, so long as there has been no finding (either adjudicated
or pursuant to Article IV) that Indemnitee did not act in Good Faith.

ARTICLE III

INDEMNIFICATION AND ADVANCEMENT

FOR ADDITIONAL EXPENSES

Notwithstanding any other provision in this Agreement to the contrary, the
Company shall indemnify Indemnitee against any and all Expenses (including
attorney’s fees) and, if requested by Indemnitee, shall (within two (2) business
days of such request) advance such Expenses to

 

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Indemnitee, which are incurred by Indemnitee in connection with (i) any hearing
or proceeding under Article IV involving Indemnitee and against all Expenses
incurred by Indemnitee in connection with any other action between the Company
and Indemnitee involving the interpretation or enforcement of the rights of
Indemnitee under this Agreement and/or (ii) any action brought by Indemnitee for
recovery under any directors’ and officers’ liability insurance policies
maintained by the Company, regardless of whether Indemnitee ultimately is
determined to be entitled to such indemnification, advance expense payment or
insurance recovery, as the case may be. The obligation of the Company to make
the expense advance pursuant to this Article III shall be subject to the
condition that if, when and to the extent that a final judicial determination is
made that Indemnitee would not be permitted to be so indemnified under
applicable law, the Company shall be entitled to be reimbursed by Indemnitee
(who hereby agrees to reimburse the Company) for all such amounts theretofore
paid.

ARTICLE IV

DETERMINATION OF RIGHT TO INDEMNIFICATION

Section 4.1.   No Determination Necessary when Indemnitee was Successful.   To
the extent Indemnitee has been successful on the merits or otherwise in defense
of any Proceeding referred to in Section 2.2 of this Agreement or in the defense
of any claim, issue or matter described therein, the Company shall indemnify
Indemnitee against Expenses incurred by or for Indemnitee in connection with the
investigation, defense, or appeal of such Proceeding.

Section 4.2.   Determination of Good Faith.   In the event that Section 4.1 is
inapplicable, the Company shall also indemnify Indemnitee unless, and only to
the extent that, the Company shall prove by clear and convincing evidence to a
forum listed in Section 4.3 below that Indemnitee did not act in Good Faith.

Section 4.3.   Forum for Determination.   Indemnitee shall be entitled to select
the forum in which the validity of the Company’s claim under Section 4.2 hereof
that Indemnitee is not entitled to indemnification will be heard from among the
following:

(a)         A committee of the Disinterested Directors, even though the
Disinterested Directors be less than a quorum;

(b)         The stockholders of the Company;

(c)         Legal counsel selected by Indemnitee, and reasonably approved by the
Board, which counsel shall make such determination in a written opinion; or

(d)         A panel of three arbitrators, one of whom is selected by the
Company, another of whom is selected by Indemnitee and the last of whom is
selected by the first two arbitrators so selected.

 

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As soon as practicable, and in no event later than thirty (30) days after
written notice of Indemnitee’s choice of forum pursuant to this Section 4.3, the
Company shall, at its own expense, submit to the selected forum in such manner
as Indemnitee or Indemnitee’s counsel may reasonably request, its claim that
Indemnitee is not entitled to indemnification, and the Company shall act in the
utmost Good Faith to assure Indemnitee a complete opportunity to defend against
such claim.

Section 4.4.   Right to Appeal.   In the case of a determination by any forum
listed in Section 4.3 hereof that Indemnitee is not entitled to whole or partial
indemnification with respect to a specific Proceeding, or a failure by any such
forum to make any determination, Indemnitee shall have the right to apply to the
court in which that Proceeding is or was pending for the purpose of enforcing
Indemnitee’s right to indemnification pursuant to this Agreement or to commence
litigation in any court in the States of Wisconsin or Delaware having subject
matter jurisdiction thereof and in which venue is proper seeking an initial
determination by the court or challenging any such determination by such forum
or any aspect thereof, including the legal or factual bases therefor, and the
Company hereby consents to service of process and to appear in any such
proceeding. Any determination such forum otherwise shall be conclusive and
binding on the Company and Indemnitee.

ARTICLE V

PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS

Section 5.1.   Burden of Proof.   In making a determination with respect to
entitlement to indemnification hereunder, the person or persons or entity making
such determination shall presume that Indemnitee is entitled to indemnification
under this Agreement and the Company shall have the burden of proof to overcome
that presumption in connection with the making by any person, persons or entity
of any determination contrary to that presumption.

Section 5.2.   Effect of Other Proceedings.   The termination of any Proceeding
or of any claim, issue or matter therein, by judgment, order, settlement or
conviction, or upon a plea of nolo contendere or its equivalent, shall not of
itself adversely affect the right of Indemnitee to indemnification or create a
presumption that Indemnitee did not act in Good Faith. In addition, neither the
failure of any forum listed in Section 4.3 to have made a determination as to
whether Indemnitee has met any particular standard of conduct or had any
particular belief, nor an actual determination by any such forum that Indemnitee
has not met such standard of conduct or did not have such belief, prior to the
commencement of legal proceedings by Indemnitee to secure a judicial
determination that Indemnitee should be indemnified under applicable law shall
be a defense to Indemnitee’s claim or create a presumption that Indemnitee has
not met any particular standard of conduct or did not have any particular
belief.

Section 5.3.   Reliance as Safe Harbor.   For purposes of any determination of
Good Faith, Indemnitee shall be deemed to have acted in Good Faith if
Indemnitee’s action is based on the records or books of account of the Company,
including financial statements, or on information supplied to Indemnitee by the
officers of the Company in the course of their duties, or on the advice of legal
counsel for the Company or on information or records given or reports made to
the Company

 

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by an independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Company. The provisions of this Section 5.3
shall not be deemed to be exclusive or to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable
standard of conduct set forth in this Agreement.

Section 5.4.   Actions of Others.   The knowledge and/or actions, or failure to
act, of any director, officer, agent or employee of the Company shall not be
imputed to Indemnitee for purposes of determining the right to indemnification
under this Agreement.

ARTICLE VI

NON-EXCLUSIVITY, INSURANCE,

SUBROGATION, PERIOD OF LIMITATIONS

Section 6.1.   Non-Exclusivity.   The rights of indemnification and to receive
advances of Expenses as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under
applicable law, the Articles of Incorporation, the Bylaws, any agreement, a vote
of shareholders or a resolution of directors, or otherwise.

Section 6.2.   Insurance.   The Company may maintain an insurance policy or
policies against liability arising out of this Agreement or otherwise. To the
extent that the Company maintains such a policy or policies, Indemnitee shall be
covered by such policy or policies, in accordance with its or their terms, to
the maximum extent of the coverage available for any Company director or
officer.

Section 6.3.   Subrogation.   In the event of any payment under this Agreement,
the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and take
all action necessary to secure such rights, including execution of such
documents as are necessary to enable the Company to bring suit to enforce such
rights.

Section 6.4.   No Duplicative Payment.   The Company shall not be liable under
this Agreement to make any payment of amounts otherwise indemnifiable hereunder
if and to the extent that Indemnitee has otherwise actually received such
payment under any insurance policy, By-law, contract, agreement or otherwise.

Section 6.5.   Period of Limitations.   No legal action shall be brought and no
cause of action shall be asserted by or in the right of the Company against
Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal
representatives after the expiration of two years from the date of the facts
which gave rise to such cause of action, and any claim or cause of action of the
Company shall be extinguished and deemed released unless asserted by the timely
filing of a legal action within such two-year period; provided, however, that if
any shorter period of limitations is otherwise applicable to any such cause of
action such shorter period shall govern.

 

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ARTICLE VII

CHANGE OF CONTROL

Section 7.1.   Change of Control.   The Company agrees that if there is a Change
of Control of the Company, then with respect to all matters thereafter arising
concerning the rights of Indemnitee to indemnity payments and advances of any
Expenses under this Agreement or any other agreement or Company By-Law now or
hereafter in effect relating to Proceedings for Indemnifiable Events, the
Company shall seek legal advice only from Independent Legal Counsel selected by
Indemnitee and approved by the Company (which approval shall not be unreasonably
withheld). Such counsel, among other things, shall render its written opinion to
the Company and Indemnitee as to whether and to what extent the Indemnitee would
be permitted to be indemnified under applicable law. The Company agrees to pay
the reasonable fees of the Independent Legal Counsel referred to above and to
indemnify fully such counsel against any and all expenses (including attorney’s
fees), claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto.

Section 7.2.   Establishment of Trust.   In the event of a Potential Change of
Control, the Company shall, upon written request by Indemnitee, create a trust
for the benefit of Indemnitee and from time to time upon written request of
Indemnitee shall fund such trust in an amount sufficient to satisfy any and all
Expenses reasonably anticipated at the time of each such request to be incurred
in connection with investigating, preparing for and defending any Claim relating
to an Indemnifiable Event, and any and all judgments, fines, penalties and
settlement amounts of any and all Claims relating to an Indemnifiable Event from
time to time actually paid or claimed, reasonably anticipated or proposed to be
paid. The amount or amounts to be deposited in the trust pursuant to the
foregoing funding obligation shall be determined by the Independent Legal
Counsel referred to in Section 7.1. The terms of the trust shall provide that
upon a Change of Control (i) the trust shall not be revoked or the principal
thereof invaded, without the written consent of the Indemnitee, (ii) the trustee
shall advance, within two business days of a request by the Indemnitee, any and
all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse
the trust under the circumstances under which the Indemnitee would be required
to reimburse the Company under Section 2.2 of this Agreement), (iii) the trust
shall continue to be funded by the Company in accordance with the funding
obligation set forth above, (iv) the trustee shall promptly pay to Indemnitee
all amounts for which Indemnitee shall be entitled to indemnification pursuant
to this Agreement or otherwise, and (v) all unexpended funds in such trust shall
revert to the Company upon a final determination by any forum listed in
Section 4.3 or a court of competent jurisdiction, as the case may be, that
Indemnitee has been fully indemnified under the terms of this Agreement. The
trustee shall be chosen by Indemnitee. Nothing in this Section 7.2 shall relieve
the Company of any of its obligations under this Agreement.

 

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ARTICLE VIII

GENERAL PROVISIONS

Section 8.1.   Binding Effect, Etc.   This Agreement shall be binding upon and
inure to the benefit of and be enforceable by the parties hereto and their
respective successors, assigns, including any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the
business and/or assets of the Company, spouses, heirs, executors and personal
and legal representatives. This Agreement shall continue in effect regardless of
whether Indemnitee continues to serve as an officer or director of the Company
or of any other enterprise at the Company’s request.

Section 8.2.   Severability.   The provisions of this Agreement shall be
severable in the event that any of the provisions hereof (including any
provision within a single section, paragraph or sentence) are held by a court of
competent jurisdiction to be invalid, void or otherwise unenforceable in any
respect, and the validity and enforceability of any such provision in every
other respect and of the remaining provisions hereof shall not be in any way
impaired and shall remain enforceable to the fullest extent permitted by law.

Section 8.3.   No Adequate Remedy.   The parties declare that it is impossible
to measure in money the damages which will accrue to either party by reason of a
failure to perform any of the obligations under this Agreement. Therefore, if
either party shall institute any action or proceeding to enforce the provisions
hereof, such party against whom such action or proceeding is brought hereby
waives the claim or defense that such party has an adequate remedy at law, and
such party shall not urge in any such action or proceeding the claim or defense
that the other party has an adequate remedy at law.

Section 8.4.   Identical Counterparts.   This Agreement may be executed in one
or more counterparts, each of which shall for all purposes be deemed to be an
original but all of which together shall constitute one and the same Agreement.
Only one such counterpart signed by the party against whom enforceability is
sought needs to be produced to evidence the existence of this Agreement.

Section 8.5.   Headings.   The headings of the paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.

Section 8.6.   Modification and Waiver.   No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

Section 8.7.   Notices.   All notices, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been
duly given if (i) delivered by hand

 

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and receipted for by the party to whom said notice or other communication shall
have been directed, or (ii) mailed by certified or registered mail with postage
prepaid, on the third business day after the date of which it is so mailed:

If to Indemnitee, as shown with Indemnitee’s signature below,

If to the Company to:

Snap-on Incorporated

2801 80th Street

Kenosha, Wisconsin 53143

Attention:   General Counsel

or to such other address as may have been furnished to Indemnitee by the Company
or to the Company by Indemnitee, as the case may be.

Section 8.8.   Governing Law.   The parties agree that this Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the
State of Delaware without application of the conflict of laws principles
thereof.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day
and year first above written.

 

THE COMPANY: By:       [Name]   [Title]

 

INDEMNITEE:    

ADDRESS:

 

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