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EXHIBIT 10.12

 
REGAL-BELOIT CORPORATION

TARGET SUPPLEMENTAL RETIREMENT PLAN

PARTICIPATION AGREEMENT
 

Participant Name:            ___________________________

Participant Social Security Number:      ___________________________

Eligibility Date:                 ___________________________

I have received and read the material describing the REGAL-BELOIT CORPORATION
Target Supplemental Retirement Plan (the “Plan”) and my rights under the Plan. I
acknowledge that I have been designated eligible to participate in the Plan, and
I agree to be bound by its terms and provisions.

This Participation Agreement shall inure to the benefit of, and be binding upon
the Company and upon me and my surviving spouse entitled to receive payments
under the Plan. I further understand that the Company may terminate or amend the
Plan at any time, and that participation in the Plan does not create a contract
or guarantee of employment.

___________________________     ____________________________________
Date                    Signature of Participant
 
 
                        REGAL-BELOIT CORPORATION

___________________________  By: ________________________________
Date      

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