JLG Industries, Inc.
Executive
Severance Plan  
Participation Agreement  



        THIS
AGREEMENT is by and between JLG Industries, Inc., a Pennsylvania corporation having
its principal office at McConnellsburg, Pennsylvania (the “Company”), and Craig
E. Paylor, an individual residing at 422 West Dutch Corner Road, McConnellsburg, PA 17233
(the “Executive”). 



W I T N E S S E T H: 



        WHEREAS,
the Executive currently participates in the JLG Industries, Inc. Executive Severance
Plan (the “Plan”), as effective June 1, 1995, November 17, 1997, or February 16,
2000; and 



        WHEREAS,
the Company has determined that the Executive is eligible to participate in the Plan, as
amended and restated effective October 15, 2006, and the Executive desires to waive his
right to any benefits under the earlier versions of the Plan and to become a Participant
in the Plan subject to the terms of this Participation Agreement and the October 15, 2006,
restatement of the Plan; and 



        NOW,
THEREFORE, in consideration of the mutual covenants contained in the Plan document and
in this Participation Agreement, the Company and the Executive agree as follows: 



    1.       The
Executive will be a Participant in the Plan as amended and restated           effective
October 15, 2006.  



    2.       The
Executive’s Applicable Percentage will be 100% and his Applicable CIC
          Percentage will be 200%.  



    3.       The
Executive’s Covered Compensation will be the sum of the           Executive’s
base salary and annual cash bonus determined as follows:  



		    (a)       The
Executive’s base salary will equal the greater of (i) the           Executive’s
base salary for the twelve-month period ending immediately           before he is
Dismissed or (ii) the Executive’s base salary for the           twelve-month period
ending immediately before a Change in Control. For this           purpose, base salary
will include salary that is (i) contributed, at the           election of the Executive,
to a cafeteria plan or a cash or deferred arrangement           and not included in the
Executive’s gross income for federal income tax           purposes by reason of
section 125 or 402(e)(3) of the Code and           (ii) deferred under the JLG
Industries, Inc. Executive Deferred           Compensation Plan (or any successor
thereto).  







		    (b)       The
Executive’s annual cash bonus will equal the greater of (i) the
          Executive’s annual cash bonus for the fiscal year most recently completed
          before the date he is Dismissed or (ii) the Executive’s annual cash bonus
          for the fiscal year most recently completed before a Change in Control. For
this           purpose, annual cash bonus will include any portion of an annual bonus
deferred           under the JLG Industries, Inc. Executive Deferred Compensation Plan
(or any           successor thereto).  
















    4.       The
Executive agrees to waive all rights he might have had under any Plan           document
or restatement in effect prior to October 15, 2006, and agrees that           this
Participation Agreement terminates any such rights in accordance with the           terms
of the prior Plan document or restatement or any previous participation
          agreement.  



    5.       The
Executive acknowledges receipt of a copy of the 2006 Plan restatement, a           copy
of which is attached hereto and incorporated herein. The Executive           represents
that he is familiar with the Plan’s terms and provisions, and           agrees to be
subject to all terms and provisions of the Plan as amended and           restated
effective October 15, 2006. The Executive also agrees to accept as           binding,
conclusive, and final all interpretations of the Administrative           Committee
appointed to administer the Plan, with respect to any questions           arising under
the Plan.  



    6.       The
Executive agrees to the Covenants described in Section 5 of the Plan and
          understands that he will not be entitled to any of the benefits under the Plan
          unless, at the time he terminates employment the Company, the Executive
executes           a release satisfactory to the Company as described in Section 6 of the
Plan.  



    7.       To
the extent that the terms and provisions or the Plan or this Participation
          Agreement amend the JLG Industries, Inc. Supplemental Executive Retirement
Plan,           the Executive hereby provides his express written consent to the
application of           such amendment to him.  



    8.       The
Executive agrees to take such actions and to execute such other documents           and
instruments as are deemed necessary by the Company to effectuate the intent           of
this Agreement.  



    9.       This
Participation Agreement will be binding upon and inure to the benefit of           (a)
the Company and its successors, assigns, and any purchaser of either the
          Company or its assets, and (b) the Executive, his heirs, executors,
          administrators, successors and assigns.  



    10.       This
Participation Agreement will be governed by the laws of the Commonwealth of
          Pennsylvania (without regard to its conflict of laws provisions), except to the
          extent federal law governs.  



    11.       This
Participation Agreement, and the Plan attached hereto, represent the entire
          understanding between the Executive and the Company with respect to the subject
          matter hereof. No other evidence, written or oral, will be taken into account
in           interpreting the provisions of this Participation Agreement or the Plan. The
          Plan may not be amended or modified except in accordance with its terms, and
          this Participation Agreement may not be amended or modified except by written
          agreement signed by the parties hereto.  










        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date specified
below. 



JLG Industries, Inc. 




DATE: _____________BY: ______________ 



TITLE: ______________________________ 




_____________________________________
         
        Craig E. Paylor 



DATE: _______________