Exhibit 10.G

AGREEMENT TO DEFER COMPENSATION

          I, ___________________ am making the following elections for the
deferral of my _______________ compensation for fiscal year______________. The
designation of beneficiary made below shall continue until revoked or amended
pursuant to a written notice sent to the Human Resources Administrator.

 

 

 

 

 

o

State % or Amount: ___________________ (5% increments)

 

 

 

 

 

Elect to receive deferred compensation on:

 

 

 

 

 

o

Specified Date

_________________________

 

 

 

 

 

o

Age

_________________________

 

 

 

 

 

o

Specified Occurrence

_________________________

 

 

 

 

Elect to receive deferred compensation in the following form:

 

 

 

 

o

Lump Sum

 

 

 

 

o

Equal Quarterly Installments for ________ number of years

 

 

 

 

o

Equal Quarterly Installments for _________ dollars

 

 

 

 

o

Other Manner _____________________________________________

 

 

 

 

Beneficiary Designation:

 

 

 

 

o

Payable to my estate in a lump sum

 

 

 

 

o

Payable in installments to ____________________________ as beneficiary

 

 

 

 

o

Payable in lump sum to ________________________________ as beneficiary

          It is understood that the Company shall include interest on such
deferred income in the same manner, at the same rate and at the same time
applied in the Fixed Income Option of the Company’s Employee’s Retirement
Savings Plan. I understand that the deferral account shall not be held by the
Company in a trust, escrow or similar fiduciary capacity and that I or my
representative have no right with respect to such account except as a general
unsecured creditor of the Company.

 

 

 

DATE:  

________________________________

_________________________________________________

 

 

 

Accepted:
DONALDSON COMPANY, INC.

 

 

BY

_____________________________

 

 

ITS

_____________________________

 

 

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