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                                                                   EXHIBIT 10.8

                          SCOTSMAN INDUSTRIES, INC.
               LONG-TERM EXECUTIVE INCENTIVE COMPENSATION PLAN
                       (As Amended February 13, 1997)

1.      Purpose

        The purpose of the Long-Term Executive Incentive Compensation Plan (the
"Plan") is to further the long-term growth of Scotsman Industries, Inc. (the
"Company") and its divisions and subsidiaries by strengthening the ability of
the Company to attract and retain key employees and to provide additional
motivation and incentives for the performance of key employees.

2.      Administration

        The Plan shall be administered by the Compensation Committee of the
Company's Board of Directors (the "Committee").  The Committee shall consist of
at least two such Directors as the Board may from time to time designate.
Membership on the Committee shall be limited to members of the Board of
Directors who meet the definitions of a "non-employee director" under Rule
16b-3 under Section 16 of the Securities Exchange Act of 1934, as amended, and
an "outside director" under Section 162(m) of the Internal Revenue Code of
1986, as amended, and the regulations thereunder.  The Committee shall have
such powers to administer the Plan as are delegated to it by the Plan or the
Board of Directors, including the power to interpret the Plan and any
agreements executed thereunder, to prescribe rules and regulations relating to
the Plan, and to make all other determinations necessary or advisable for
administering the Plan.

3.      Grant of Awards; Shares Subject to Plan

        (a)     The Committee may grant any type of award permitted under the
terms of the Plan (all such awards in the aggregate being hereinafter referred
to as "Awards").  Only employees of the Company and its divisions and
subsidiaries may be selected by the Committee for Awards under the Plan.

        (b)     The maximum number of shares of Common Stock of the Company
that may be issued under the Plan is 1,000,000, all of which shares may be made
subject to Options. The Common Stock issued pursuant to the Plan may consist of
authorized and unissued shares of the Company's Common Stock or Common Stock
held in the Company's treasury.  If any Award granted under the Plan shall
terminate or lapse for any reason, any shares of Common Stock subject to such
Award shall again be available for the grant of an Award.

        (c)     In the event of corporate changes affecting the Company's
Common Stock or this Plan or Awards granted thereunder (including without
limiting the generality of the foregoing, stock dividends, stock splits,
recapitalizations, reorganizations, mergers, consolidations, or other relevant
changes in capitalization), the Board of Directors or the Committee shall make
appropriate adjustments in price, number and kind of shares of Common Stock or
other consideration subject to such Awards or in the terms of such Awards,
which it deems equitable to prevent dilution or enlargement of rights under the
Awards.  In addition, the Board of Directors or the Committee may from time to
time equitably change the aggregate number or remaining number or kind of
shares which may be issued under the Plan to reflect any such corporate
changes.

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4.      Options

        (a)     The Committee may grant any type of statutory or non-statutory
Option to purchase shares of the Company's Common Stock as is permitted by law
at the time the Option is granted.  The term of each Option shall not be more
than ten years and one day from the date of grant and may be exercised at the
rate set by the Committee.

        (b)     The per share purchase price of the Company's Common Stock
which may be acquired pursuant to an Option shall be at least 100% of the fair
market value of one share of Common Stock of the Company on the date on which
the Option is granted.  Within this limitation such price shall be determined
by the Committee.

        (c)     Notwithstanding sub-section (b) above, the Compensation
Committee in its discretion and for Options granted on or prior to April 20,
1989 may grant Options with a per share purchase price less than 100% of the
fair market value of one share of the Company's Common stock on the date on
which the Option is granted; however, the Compensation Committee may only grant
Options pursuant to this sub-section (c) to former employees of Household
Manufacturing, Inc. or its subsidiaries who have forfeited or will be
forfeiting employee stock options previously granted by Household
International, Inc. as a result of termination of employment.  The exercise
price for Options granted pursuant to this sub-section (c) at less than fair
market value on the date of grant will be determined by the Compensation
Committee based on the appreciation in value of Household International, Inc.
employee stock options being forfeited.  No Option shall be granted to an
employee pursuant to this sub-section (c) unless such employee has agreed to
forfeit any remaining rights such employee may have in options granted by
Household International, Inc.

        (d)     Payment for shares purchased upon the exercise of an Option
shall be made in cash or, in the discretion of the Committee and subject to
such rules as it may adopt, in shares of Common Stock of the Company valued at
the then fair market of such shares or by a combination of cash and shares of
Common Stock.

        (e)     The Committee may, in its discretion and subject to such rules
as it may adopt, permit an optionee to satisfy, in whole or in part,
withholding tax obligations incurred in connection with the exercise of an
Option: (1) by electing to have the Company withhold shares of the Company's
Common Stock (otherwise deliverable to the optionee) in payment for such
withholding tax obligation or (2) by delivering shares of the Company's Common
stock owned by such holder in payment for such withholding tax obligation.

5.      Stock Appreciation Rights

        (a)     The Committee may grant stock appreciation rights ("SARs") in
tandem with the grant of an Option under the Plan or with respect to a
previously granted Option under the Plan.  In either case the number of shares
in respect of which SARs are granted by the Committee shall not be greater than
the number of shares subject to the related Option.  In exchange for the
surrender in whole or in part of the right to exercise the related Option, such
SAR shall entitle the employee to payment of an amount equal to the
appreciation in value of the surrendered Options (the excess of the fair market
value of such Stock subject to Options at the time of surrender over their
aggregate option price).  An SAR granted pursuant to this subsection (a) shall
be

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exercisable to the extent and only to the extent that the related Option is
exercisable, but if an SAR is granted with respect to a previously-granted
Option, the SAR will not be exercisable for a period of twelve months from the
date of grant of such SAR.  No such SAR shall be exercisable except upon
surrender of the related Option, and to the extent such Option is surrendered,
the shares covered by such Option shall again be available for purposes of the
Plan to the extent that payment of such SAR is not made in shares of Common
Stock of the Company.  The exercise of any Option shall result in the
cancellation of any related SAR.

        (b)     The Committee may also grant units of SARs on a stand-alone
basis which are not issued in tandem with Options.  The term of each such SAR
shall not be more than ten years from the date of grant and may be exercised at
the rate set by the Committee; provided, however, that no such SAR shall be
exercised less than one year from the date of grant.  The "base price" of each
unit of a "stand-alone" SAR shall be at least 100% of the fair market value of
one share of Common Stock of the Company on the date on which such SAR is
granted.  Within this limitation the base price shall be determined by the
Committee.  Each unit of a "stand-alone" SAR entitles the holder, upon
exercise, to payment of an amount equal to the difference between the base
price of such SAR unit and the fair market value on the date of exercise of a
share of Common Stock of the Company.

        (c)     At the discretion of the Committee, payment upon exercise of
SARs may be made in cash, in shares of Common Stock of the Company valued at
their fair market value as of the date of exercise of the SAR, or partly in
cash and partly in shares of Common Stock of the Company.

        (d)     The Committee may establish a maximum appreciation value
payable under an SAR.

6.      Transfer of Options and Stock Appreciation Rights; Exercise of Options
        and Stock Appreciation Rights Following Termination of Employment

        (a)     Options and SARs may not be transferred except by will or the
laws of descent and distribution, and during the lifetime of the holder may be
exercised only by him.  If the holder of an Option or SAR shall cease to be an
employee of the Company, a division, or a subsidiary, and unless otherwise
provided by the Committee or as provided for in Section 8, all rights under
such Option or SAR shall, subject to sub-section (b), terminate, as set forth
below:

              (i)       in the event of termination of a holder who is
              retirement-eligible under the terms of a pension plan of the
              Company   or a subsidiary, the Option or SAR may be exercised
              within three years of the date of termination of employment

              (ii)      in the event of termination of employment due to
              permanent and total disability of a holder who is not
              retirement-eligible under the terms of a pension plan of the
              Company or a subsidiary, the Option or SAR may be exercised
              within twelve months following the date of such termination of
              employment.

              (iii)     in the event of death during employment, the Option or
              SAR may be exercised by the executor, administrator, or other
              personal representative of the holder within three years
              succeeding death if such holder was retirement-eligible under the
              terms of a pension plan of the Company or a subsidiary, or twelve
              months if such holder was not retirement-eligible under the terms
              of a pension plan of the Company or a subsidiary.

              (iv)      in the event of termination of employment other than as
              set forth in subsections (i), (ii) or (iii) above, the Option or
              SAR may be exercised within three months following the date of
              termination.

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              (v)       in the event of death of a holder of an Option or SAR
              following termination of employment, the Option or SAR may be
              exercised by the executor, administrator, or other personal
              representative of the holder, notwithstanding the time period
              specified in (i), (ii), (iii) or (iv) above, within (a) twelve
              months following death or (b) the remainder of the period in
              which the holder was entitled to exercise the Option or SAR,
              whichever period is longer.

                If the Committee determines that the termination is for cause,
the Option or SAR will not under any circumstances be exercisable following
termination of employment.

        (b)     Notwithstanding the provisions of sub-section (a), an Option or
SAR may not be exercised pursuant to this Section after the expiration of the
term of such Option or SAR and may be exercised only to the extent that the
holder is entitled to exercise such Option or SAR on the date of termination of
employment.

7.      Restricted Stock and Restricted Stock Rights

        (a)     The Committee from time to time may grant shares of Common
Stock of the Company to any employee selected by the Committee, subject to the
forfeiture of such stock to the Company if such employee fails to remain an
employee of the Company or a division, or any subsidiary for the period of time
established by the Committee ("Restricted Stock").  The Committee may also
grant Restricted Stock Rights ("RSRs") to any employee selected by the
Committee, which would entitle such employee to receive a stated number of
shares of Common Stock of the Company, subject to forfeiture of such RSRs if
such employee fails to remain continuously an employee of the Company, a
division, or any subsidiary for the period of time established by the
Committee.

        (b)     Restricted Stock and RSRs shall be subject to the following
restrictions and limitations:

              (i)       Restricted Stock and RSRs may not be transferred
              except by will or the laws of descent and distribution;

              (ii)      Except as otherwise provided in Paragraphs (d) and (e)
              of this Section 7, or as provided in Section 8, Restricted Stock
              and RSRs and      the shares subject to such RSRs shall be
              forfeited and all rights of a grantee of such Restricted Stock
              and RSRs and shares subject to RSRs shall terminate without any
              payment of consideration by the Company if the employee fails to
              remain continuously as an employee of the Company, a division, or
              any subsidiary for the period of time established by the
              Committee (the "Restricted Period").  A grantee shall not be
              deemed to have terminated his period of continuous employment
              with the Company, a division, or any subsidiary if he leaves the
              employ of the Company or any subsidiary for immediate
              reemployment with the Company, a division, or any subsidiary.

        (c)     A holder of RSRs shall not be entitled to any of the rights of
a holder of the Common Stock with respect to the shares subject to such RSRs
prior to the issuance of such shares pursuant to the Plan.  At the Committee's
discretion, during the Restricted Period, for each share subject to RSRs, the
Company may pay the holder an amount in cash equal to the cash dividend
declared on a share of Common Stock of the Company during the Restricted Period
on or about the date the Company pays such dividend to its stockholders of
record.

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        (d)     The Committee in its sole discretion may accelerate the
termination of the Restricted Period with respect to any Restricted Stock and
RSRs.

        (e)     In the event that the employment of a holder terminates by
reason of death or permanent and total disability, (i) a holder of Restricted
Stock shall be entitled to have the risk of forfeiture removed from the number
of shares of Restricted Stock multiplied by a fraction (x) the numerator of
which shall be the number of full months between the date of grant of such
Restricted Stock and the date of such termination of employment, and (y) the
denominator of which shall be the number of full months in the Restricted
Period; and (ii) a holder of RSRs shall be entitled to receive the number of
shares subject to such RSRs multiplied by a fraction (x) the numerator of which
shall be the number of full months between the date of such RSRs and the date
of such termination of employment, and (y) the denominator of which shall be
the number of full months in the Restricted Period; provided, however, that any
fractional share shall not be awarded.  A holder of Restricted Stock or RSRs
whose employment terminates for reasons other than those listed in this
paragraph will forfeit his rights under any outstanding shares of Restricted
Stock or RSRs.  This automatic forfeiture may be waived in whole or in part by
the Committee in its sole discretion.

        (f)     When a grantee shall be entitled to receive shares pursuant to
RSRs, the Company shall issue the appropriate number of shares registered in
the name of the grantee.

8.      Change in Control

        The following provisions shall apply in the event of a "Change in
Control":

        (a)     In the event of a Change in Control, as defined in this Section
8:

              (i)       any SARs outstanding for at least 6 months and any
              options not previously exercisable and vested shall become fully
              exercisable and vested;

              (ii)      the restrictions applicable to any Restricted Stock
              shall lapse and such Restricted Stock shall be deemed fully
              vested; and

              (iii)     each holder of RSRs shall be entitled to receive the
              number of shares subject to such RSRs.

        (b)     For purpose of this Section 8, "Change in Control" means:

                (1)     the acquisition by any individual, entity or group (a
"Person"), including any "person" within the meaning of Sections 13(d) (3) or
14(d) (2) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), of beneficial ownership within the meaning of Rule 13d-3 promulgated
under the Exchange Act, of 20% or more of either (i) the then outstanding
shares of Common Stock of the Company (the "Outstanding Company Common Stock")
or (ii) the combined voting power of the then outstanding securities of the
Company entitled to vote generally in the election of directors (the
"Outstanding Company Voting Securities"); provided, however, that the following
acquisitions shall not constitute a Change in Control: (A) any acquisition
directly from the Company (excluding any acquisition resulting from the
exercise of a conversion or exchange privilege in respect of outstanding
convertible or exchangeable securities), (B) any acquisition by the Company,
(C) any acquisition by an employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the

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Company or (D) any acquisition by any corporation pursuant to a reorganization,
merger or consolidation involving the Company, if immediately after such
reorganization, merger or consolidation, each of the conditions described in
clauses (i), (ii) and (iii) of subsection (3) of this Section 8(b) shall be
satisfied; and provided further that, for purposes of clause (B), if any Person
(other than the Company or any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the
Company shall become the beneficial owner of 20% or more of the Outstanding
Company Common Stock or 20% or more of the Outstanding Company Voting
Securities by reason of an acquisition by the Company and such person shall,
after such acquisition by the Company, become the beneficial owner of any
additional shares of the Outstanding Company Common Stock or any additional
Outstanding Company Voting Securities and such beneficial ownership is publicly
announced, such additional beneficial ownership shall constitute a Change in
Control;

                (2)     individuals who, as of October 25, 1991, constitute the
Board (the "Incumbent Board") cease for any reason to constitute at least a
majority of such Board; provided, however, that any individual who becomes a
director of the Company subsequent to the date hereof whose election, or
nomination for election by the Company's stockholders, was approved by the vote
of at least a majority of the directors then comprising the Incumbent Board
shall be deemed to have been a member of the Incumbent Board; and provided
further, that no individual who was initially elected as a director of the
Company as a result of an actual or threatened election contest, as such terms
are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act,
or any other actual or threatened solicitation of proxies or consents by or on
behalf of any Person other than the Board shall be deemed to have been a member
of the Incumbent Board;

                (3)     approval by the stockholders of the Company of a
reorganization, merger or consolidation unless, in any such case, immediately
after such reorganization, merger or consolidation, (i) more than 60% of the
then outstanding shares of common stock of the corporation resulting from such
reorganization, merger or consolidation and more than 60% of the combined
voting power of the then outstanding securities of such corporation entitled to
vote generally in the election of directors is then beneficially owned,
directly or indirectly, by all or substantially all of the individuals or
entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and the Outstanding Company Voting Securities immediately
prior to such reorganization, merger or consolidation and in substantially the
same proportions relative to each other as their ownership, immediately prior
to such reorganization, merger or consolidation, of the Outstanding Company
Common Stock and the Outstanding Company Voting Securities, as the case may be,
(ii) no Person (other than the Company, any employee benefit plan (or related
trust) sponsored or maintained by the Company or the corporation resulting from
such reorganization, merger or consolidation (or any corporation controlled by
the Company) and any Person which beneficially owned, immediately prior to such
reorganization, merger or consolidation, directly or indirectly, 20% or more of
the Outstanding Company Common Stock or the Outstanding Company Voting
Securities, as the case may be) beneficially owns, directly or indirectly, 20%
or more of the then outstanding shares of common stock of such corporation or
20% or more of the combined voting power of the then outstanding securities of
such corporation entitled to vote generally in the election of directors and
(iii) at least a majority of the members of the board of directors of the
corporation resulting from such reorganization, merger or consolidation were
members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such reorganization, merger or
consolidation; or

                (4)     approval by the stockholders of the Company of (i) a
plan of complete liquidation or dissolution of the Company or (ii) the sale or
other disposition of all or substantially all of the assets of

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the Company other than to a corporation with respect to which, immediately
after such sale or other disposition, (A) more than 60% of the then outstanding
shares of common stock thereof and more than 60% of the combined voting
power of the then outstanding securities thereof entitled to vote generally in
the election of directors is then beneficially owned, directly or indirectly,
by all or substantially all of the individuals and entities who were the
beneficial owners, respectively, of the Outstanding Company Common Stock and
the Outstanding Company Voting Securities immediately prior to such sale or
other disposition and in substantially the same proportions relative to each
other as their ownership, immediately prior to such sale or other disposition,
of the Outstanding Company Common Stock and the Outstanding Company Voting
Securities, as the case may be, (B) no Person (other than the Company, any
employee benefit plan (or related trust) sponsored or maintained by the Company
or such corporation (or any corporation controlled by the Company) and any
Person which beneficially owned) immediately prior to such sale or other
disposition, directly or indirectly, 20% or more of the Outstanding Company
Common Stock or the Outstanding Company Voting Securities, as the case may be,
beneficially owns, directly or indirectly, 20% or more of the then outstanding
shares of common stock thereof or 20% or more of the combined voting power of
the then outstanding securities thereof entitled to vote generally in the
election of directors and (C) at least a majority of the members of the board
of directors thereof were members of the Incumbent Board at the time of the
execution of the initial agreement or action of the Board providing for such
sale or other disposition.

9.      Amendment and Termination of the Plan

        The Board of Directors or the Committee may amend the Plan or any Award
granted thereunder at any time, except that the Board of Directors or the
Committee may not, except as permitted by Section 3(c), (i) without stockholder
approval, increase the number of shares of Common Stock of the Company which
may be issued pursuant to the Plan, change the purchase price of an Option or
base price of a "stand-alone" SAR, or make any other amendment to the Plan
which is required by law to be approved by the stockholders of the Company;
(ii) amend an Award granted thereunder in a manner materially and adversely
affecting the rights of the holder thereof without such holder's consent.  The
Board of Directors may terminate the Plan at any time, but such termination
shall not affect Awards previously granted under the Plan.

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