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Exhibit 10.61

SPX Corporation

2002 STOCK COMPENSATION PLAN

RESTRICTED STOCK AGREEMENT
                  AWARD

        THIS AGREEMENT is made between SPX CORPORATION, a Delaware corporation
(the "Company"), and the Recipient pursuant to the SPX Corporation 2002 Stock
Compensation Plan and related plan documents (the "Plan") in combination with an
SPX Restricted Stock Summary (the "Award Summary") to be displayed at the
Fidelity website. The Award Summary, which identifies the person to whom the
Restricted Stock (as defined in Section 1 below) is granted (the "Recipient")
and specifies the date (the "Award Date") and other details of the award, and
the electronic acceptance of this Agreement (which also is to be displayed at
the Fidelity website), are incorporated herein by reference. The parties hereto
agree as follows:

        1.    Grant of Restricted Stock.    The Company hereby grants to the
Recipient, pursuant to Section 9 of the Plan, the number of shares of Company
common stock (the "Common Stock") specified above (the "Restricted Stock"),
subject to the terms and conditions of the Plan and this Agreement. The
Restricted Stock is divided into three separate tranches, for purposes of
determining when the Period of Restriction ends with respect to the restricted
shares. The Recipient must accept the Restricted Stock award within 90 days
after notification that the award is available for acceptance and in accordance
with the instructions provided by the Company. The award automatically will be
rescinded upon the action of the Company, in its discretion, if the award is not
accepted within 90 days after notification is sent to the Recipient indicating
availability for acceptance.

        2.    Restrictions.    The Restricted Stock may not be sold,
transferred, pledged, assigned or otherwise alienated or hypothecated, whether
voluntarily or involuntarily or by operation of law, until the termination of
the applicable Period of Restriction (as defined in Section 4 below) or as
otherwise provided in the Plan or this Agreement. Except for such restrictions,
the Recipient will be treated as the owner of the shares of Restricted Stock and
shall have all of the rights of a shareholder, including, but not limited to,
the right to vote such shares and the right to receive all dividends, if any,
paid on such shares. If any dividends are paid in shares of Common Stock, the
dividend shares shall be subject to the same restrictions as the shares of
Restricted Stock with respect to which they were paid.

        3.    Restricted Stock Certificates.    The stock certificate(s)
representing the Restricted Stock shall be issued or held in book entry form
promptly following the acceptance of this Agreement. If a stock certificate is
issued, it shall be delivered to the Secretary of the Company or such other
custodian as may be designated by the Company, to be held until the end of the
Period of Restriction or until the Restricted Stock is forfeited. The
certificates representing shares of Restricted Stock granted pursuant to this
Agreement shall bear a legend in substantially the form set forth below:

The sale or other transfer of the shares of stock represented by this
certificate, whether voluntary, involuntary or by operation of law, is subject
to certain restrictions on transfer set forth in the SPX Corporation 2002 Stock
Compensation Plan, rules and administration adopted pursuant to such Plan, and a
Restricted Stock award agreement with an Award Date of                      ,
        . A copy of the Plan, such rules and such Restricted Stock award
agreement may be obtained from the Secretary of SPX Corporation.

        4.    Period of Restriction.    Subject to the provisions of the Plan
and this Agreement, unless vested or forfeited earlier as described in
Section 6, 7, or 8 of this Agreement, as applicable, each tranche of Restricted
Stock awarded hereunder shall become vested and freely transferable if, as of
any Measurement Date for such tranche, Total Shareholder Return (defined below)
for the Measurement Period associated with such Measurement Date is greater than
the S&P Return (defined below) for such Measurement Period. Such vesting shall
occur upon certification by the Board of Directors (or

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appropriate Board committee) that the applicable performance criteria have been
met. The following schedule sets forth the Measurement Date(s) and associated
Measurement Periods for each tranche.

Measurement Date

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  Measurement Period

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Tranche 1:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Tranche 2:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Tranche 3:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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"Total Shareholder Return" shall mean the percentage change in the Fair Market
Value of a share of Common Stock (using total shareholder return of the Common
Stock as reported by Interactive Data Corporation) during the applicable
Measurement Period. "S&P Return" shall mean the percentage return of the S&P 500
Composite Index (using total shareholder return of the S&P 500 Composite Index
as reported by Interactive Data Corporation) during the applicable Measurement
Period.

        Any tranche which has not vested as of                      ,         
shall be permanently forfeited. Upon vesting, all vested shares shall cease to
be considered Restricted Stock, subject to the terms and conditions of the Plan
and this Agreement, and the Recipient shall be entitled to have the legend
removed from his or her Common Stock certificate(s). The period prior to the
vesting date with respect to a share of Restricted Stock is referred to as the
"Period of Restriction."

        5.    Vesting upon Termination due to Retirement, Disability or
Death.    If, while the Restricted Stock is subject to a Period of Restriction,
the Recipient terminates employment with the Company (or a Subsidiary of the
Company if the Recipient is then in the employ of such Subsidiary) by reason of
retirement, disability (as determined by the Company) or death, then the portion
of the Restricted Stock subject to a Period of Restriction shall become fully
vested as of the date of employment termination without regard to the Period of
Restriction set forth in Section 4 of this Agreement. A Recipient will be
eligible for "retirement" treatment for purposes of this Agreement if, at the
time of employment termination, he/she is age 55 or older, he/she has completed
five years of service with the Company or a Subsidiary (provided that the
Subsidiary has been directly or indirectly owned by the Company for at least
three years), and he/she voluntarily elects to retire. The term "Subsidiary" is
defined in the Plan and means a corporation with respect to which the Company
directly or indirectly owns 50% or more of the voting power.

        6.    Forfeiture upon Termination due to Reason other than Retirement,
Disability or Death.    If, prior to the end of the applicable Measurement
Period(s) for any unvested tranche, the Recipient's employment with the Company
(or a Subsidiary of the Company if the Recipient is then in the employ of such
Subsidiary) terminates for a reason other than the Recipient's retirement,
disability or death, then the Recipient shall forfeit any such unvested tranche
on the date of such employment termination.

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        7.    Vesting upon Change of Control.    In the event of a "Change of
Control" of the Company as defined in this Section, the Restricted Stock shall
cease to be subject to the Period of Restriction set forth in Section 4 of this
Agreement. A "Change of Control" shall be deemed to have occurred if:

        (a)   Any "Person" (as defined below), excluding for this purpose
(i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan
of the Company or any Subsidiary of the Company, and (iii) any entity organized,
appointed or established for or pursuant to the terms of any such plan that
acquires beneficial ownership of common shares of the Company, is or becomes the
"Beneficial Owner" (as defined below) of twenty percent (20%) or more of the
common shares of the Company then outstanding; provided, however, that no Change
of Control shall be deemed to have occurred as the result of an acquisition of
common shares of the Company by the Company which, by reducing the number of
shares outstanding, increases the proportionate beneficial ownership interest of
any Person to twenty percent (20%) or more of the common shares of the Company
then outstanding, but any subsequent increase in the beneficial ownership
interest of such a Person in common shares of the Company shall be deemed a
Change of Control; and provided further that if the Board of Directors of the
Company determines in good faith that a Person who has become the Beneficial
Owner of common shares of the Company representing twenty percent (20%) or more
of the common shares of the Company then outstanding has inadvertently reached
that level of ownership interest, and if such Person divests as promptly as
practicable a sufficient number of shares of the Company so that the Person no
longer has a beneficial ownership interest in twenty percent (20%) or more of
the common shares of the Company then outstanding, then no Change of Control
shall be deemed to have occurred. For purposes of this paragraph (a), the
following terms shall have the meanings set forth below:

          (i)  "Person" shall mean any individual, firm, limited liability
company, corporation or other entity, and shall include any successor (by merger
or otherwise) of any such entity.

         (ii)  "Affiliate" and "Associate" shall have the respective meanings
ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under
the Securities Exchange Act of 1934, as amended (the "Exchange Act").

       (iii)  A Person shall be deemed the "Beneficial Owner" of and shall be
deemed to "beneficially own" any securities:

        (A)  which such Person or any of such Person's Affiliates or Associates
beneficially owns, directly or indirectly (determined as provided in Rule 13d-3
under the Exchange Act);

        (B)  which such Person or any of such Person's Affiliates or Associates
has (1) the right to acquire (whether such right is exercisable immediately or
only after the passage of time) pursuant to any agreement, arrangement or
understanding (other than customary agreements with and between underwriters and
selling group members with respect to a bona fide public offering of
securities), or upon the exercise of conversion rights, exchange rights, rights,
warrants or options, or otherwise; provided, however, that a Person shall not be
deemed the Beneficial Owner of, or to beneficially own, securities tendered
pursuant to a tender or exchange offer made by or on behalf of such Person or
any of such Person's Affiliates or Associates until such tendered securities are
accepted for purchase or exchange; or (2) the right to vote pursuant to any
agreement, arrangement or understanding; provided, however, that a Person shall
not be deemed the Beneficial Owner of, or to beneficially own, any security if
the agreement, arrangement or understanding to vote such security (a) arises
solely from a revocable proxy or consent given to such Person in response to a
public proxy or consent solicitation made pursuant to, and in accordance with,
the applicable rules and regulations promulgated under the

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Exchange Act and (b) is not also then reportable on Schedule 13D under the
Exchange Act (or any comparable or successor report); or

        (C)  which are beneficially owned, directly or indirectly, by any other
Person with which such Person or any of such Person's Affiliates or Associates
has any agreement, arrangement or understanding (other than customary agreements
with and between underwriters and selling group members with respect to a bona
fide public offering of securities) for the purpose of acquiring, holding,
voting (except to the extent contemplated by the proviso to
subparagraph (a)(iii)(B)(2), above) or disposing of any securities of the
Company.

        Notwithstanding anything in this "Beneficial Ownership" definition to
the contrary, the phrase "then outstanding," when used with reference to a
Person's beneficial ownership of securities of the Company, shall mean the
number of such securities then issued and outstanding together with the number
of such securities not then actually issued and outstanding which such Person
would be deemed to own beneficially hereunder.

        (b)   During any period of two (2) consecutive years (not including any
period prior to the acceptance of this Agreement), individuals who at the
beginning of such two-year period constitute the Board of Directors of the
Company and any new director or directors (except for any director designated by
a person who has entered into an agreement with the Company to effect a
transaction described in paragraph (a), above, or paragraph (c), below) whose
election by the Board or nomination for election by the Company's shareholders
was approved by a vote of at least two-thirds of the directors then still in
office who either were directors at the beginning of the period or whose
election or nomination for election was previously so approved, cease for any
reason to constitute at least a majority of the Board; or

        (c)   Approval by the shareholders of (or if such approval is not
required, the consummation of) (i) a plan of complete liquidation of the
Company, (ii) an agreement for the sale or disposition of the Company or all or
substantially all of the Company's assets, (iii) a plan of merger or
consolidation of the Company with any other corporation, or (iv) a similar
transaction or series of transactions involving the Company (any transaction
described in parts (i) through (iv) of this paragraph (c) being referred to as a
"Business Combination"), in each case unless after such a Business Combination
the shareholders of the Company immediately prior to the Business Combination
continue to own at least eighty percent (80%) of the voting securities of the
new (or continued) entity immediately after such Business Combination, in
substantially the same proportion as their ownership of the Company immediately
prior to such Business Combination.

        Notwithstanding any provision of this Agreement to the contrary, a
"Change of Control" shall not include any transaction described in paragraph (a)
or (c), above, where, in connection with such transaction, the Recipient and/or
any party acting in concert with the Recipient substantially increases his or
its, as the case may be, ownership interest in the Company or a successor to the
Company (other than through conversion of prior ownership interests in the
Company and/or through equity awards received entirely as compensation for past
or future personal services).

        8.    Settlement Following Change of Control.    Notwithstanding any
provision of this Agreement to the contrary, in connection with or after the
occurrence of a Change of Control as defined in Section 8 of this Agreement, the
Company may, in its sole discretion, fulfill its obligation with respect to all
or any portion of the Restricted Stock that ceases to be subject to a Period of
Restriction in conjunction with the Change of Control by:

        (a)   delivery of (i) the number of shares of Common Stock that have
ceased to be subject to a Period of Restriction or (ii) such other ownership
interest as such shares of Common Stock may be converted into by virtue of the
Change of Control transaction;

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        (b)   payment of cash in an amount equal to the fair market value of the
Common Stock at that time; or

        (c)   delivery of any combination of shares of Common Stock (or other
converted ownership interest) and cash having an aggregate fair market value
equal to the fair market value of the Common Stock at that time.

        9.    Adjustment in Capitalization.    In the event of any change in the
Common Stock of the Company through stock dividends or stock splits, a corporate
split-off or split-up, or recapitalization, merger, consolidation, exchange of
shares, or a similar event, the number of shares of Restricted Stock subject to
this Agreement shall be equitably adjusted by the Committee.

        10.    Delivery of Stock Certificates.    Subject to the requirements of
Sections 12 and 13 below, as promptly as practicable after shares of Restricted
Stock cease to be subject to a Period of Restriction in accordance with
Section 4, 6, or 8 of this Agreement, the Company shall cause to be issued and
delivered to the Recipient, the Recipient's legal representative, or a brokerage
account for the benefit of the Recipient, as the case may be, certificates for
the vested shares of Common Stock.

        11.    Tax Withholding.    Whenever a Period of Restriction applicable
to the Recipient's rights to some or all of the Restricted Stock lapses as
provided in Section 4, 6, or 8 of this Agreement, the Company or its agent shall
notify the Recipient of the related amount of tax that must be withheld under
applicable tax laws. Regardless of any action the Company, any Subsidiary of the
Company, or the Recipient's employer takes with respect to any or all income
tax, social security, payroll tax, payment on account or other tax-related
withholding ("Tax") that the Recipient is required to bear pursuant to all
applicable laws, the Recipient hereby acknowledges and agrees that the ultimate
liability for all Tax is and remains the responsibility of the Recipient.

        Prior to receipt of any shares that correspond to Restricted Stock that
vests in accordance with this Agreement, the Recipient shall pay or make
adequate arrangements satisfactory to the Company and/or any Subsidiary of the
Company to satisfy all withholding and payment on account obligations of the
Company and/or any Subsidiary of the Company. In this regard, the Recipient
authorizes the Company and/or any Subsidiary of the Company to withhold all
applicable Tax legally payable by the Recipient from the Recipient's wages or
other cash compensation paid to the Recipient by the Company and/or any
Subsidiary of the Company or from the proceeds of the sale of shares.
Alternatively, or in addition, the Company may sell or arrange for the sale of
Common Stock that the Recipient is due to acquire to satisfy the withholding
obligation for Tax and/or withhold any Common Stock. Finally, the Recipient
agrees to pay the Company or any Subsidiary of the Company any amount of any Tax
that the Company or any Subsidiary of the Company may be required to withhold as
a result of the Recipient's participation in the Plan that cannot be satisfied
by the means previously described. The Company may refuse to deliver Common
Stock if the Recipient fails to comply with its obligations in connection with
the tax as described in this section.

        The Company advises the Recipient to consult his or her lawyer or
accountant with respect to the tax consequences for the Recipient under the
Plan.

        The Company and/or any Subsidiary of the Company: (a) make no
representations or undertakings regarding the tax treatment in connection with
the Plan; and (b) do not commit to structure the Plan to reduce or eliminate the
Recipient's liability for Tax.

        12.    Securities Laws.    This award is a private offer that may be
accepted only by a Recipient who is an employee or director of the Company or a
Subsidiary of the Company and who satisfies the eligibility requirements
outlined in the Plan and the Committee's administrative procedures. If a
Registration Statement under the Securities Act of 1933, as amended, is not in
effect with respect to the shares of Common Stock to be issued pursuant to this
Agreement, the Recipient hereby represents that he or she is acquiring the
shares of Common Stock for investment and with no present intention

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of selling or transferring them and that he or she will not sell or otherwise
transfer the shares except in compliance with all applicable securities laws and
requirements of any stock exchange on which the shares of Common Stock may then
be listed.

        13.    No Employment or Compensation Rights.    Participation in the
Plan is permitted only on the basis that the Recipient accepts all of the terms
and conditions of the Plan and this Agreement, as well as the administrative
rules established by the Committee. This Agreement shall not confer upon the
Recipient any right to continuation of employment by the Company or its
Subsidiaries, nor shall this Agreement interfere in any way with the Company's
or its Subsidiaries' right to terminate Recipient's employment at any time.
Neither the Plan nor this Agreement forms any part of any contract of employment
between the Company or any Subsidiary and the Recipient, and neither the Plan
nor this Agreement confers on the Recipient any legal or equitable rights (other
than those related to the Restricted Stock award) against the Company or any
Subsidiary or directly or indirectly gives rise to any cause of action in law or
in equity against the Company or any Subsidiary.

        The Restricted Stock granted pursuant to this Agreement does not
constitute part of the Recipient's wages or remuneration or count as pay or
remuneration for pension or other purposes. If the Recipient terminates
employment with the Company or any Subsidiary, in no circumstances will the
Recipient be entitled to any compensation for any loss of any right or benefit
or any prospective right or benefit under the Plan or this Agreement that he or
she might otherwise have enjoyed had such employment continued, whether such
compensation is claimed by way of damages for wrongful dismissal, breach of
contract or otherwise.

        14.    Plan Terms and Committee Authority.    This Agreement and the
rights of the Recipient hereunder are subject to all of the terms and conditions
of the Plan, as it may be amended from time to time, as well as to such rules
and regulations as the Committee (meaning the Compensation Committee of the
Board of Directors of the Company, as defined in the Plan) may adopt for
administration of the Plan. It is expressly understood that the Committee is
authorized to administer, construe and make all determinations necessary or
appropriate for the administration of the Plan and this Agreement, all of which
shall be binding upon Recipient. Any inconsistency between this Agreement and
the Plan shall be resolved in favor of the Plan. The Recipient hereby
acknowledges receipt of a copy of the Plan and this Agreement.

        15.    Governing Law and Jurisdiction.    This Agreement is governed by
the substantive and procedural laws of the state of Michigan. The Recipient and
the Company agree to submit to the exclusive jurisdiction of, and venue in, the
courts in Michigan in any dispute relating to this Agreement.

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Exhibit 10.61

SPX Corporation 2002 STOCK COMPENSATION PLAN