JLG INDUSTRIES, INC.
EXECUTIVE
SEVERANCE PLAN 



     _________________ 



As Amended and Restated
Effective October 15, 2006 




     



















TABLE OF CONTENTS 


	Section 1. 	Introduction 	1  
	
         1.1.	Establishment and History	1 
	         1.2.	Effective Date 	1 
	         1.3.	Purpose 	1 
	
Section 2. 	Definitions and Construction 	2 
	
         2.1.	Definitions 	2 
	         2.2.	Gender and Number 	7 
	
Section 3. 	Participation by Eligible Executives 	8 
	
         3.1.	Generally 	8 
	         3.2.	Participation Agreement Required 	8 
	
Section 4. 	Severance Benefits 	9 
	
         4.1.	Basic Benefit	9 
	         4.2.	Gross-Up Payment	9 
	         4.3.	Medical and Life Insurance Benefits	12 
	         4.4.	SERP Benefit	12 
	         4.5.	SERP Rabbi Trust	14 
	         4.6.	Cash Bonus Award	14 
	         4.7.	Legal Expenses After a Change in Control	15 
	         4.8.	Dismissal	15 
	         4.9.	Application of Section 409A of the Code	17 
	
Section 5.	Covenants	18 
	
         5.1.	Generally	18 
	         5.2.	Noncompetition	18 
	         5.3.	Interference with Business Relations	19 
	         5.4.	Return of Property; Intellectual Property Rights	19 
	         5.5.	Proprietary and Confidential Information	20 
	
Section 6.	Release	21 
	
         6.1.	Generally	21 
	         6.2.	Time Limit for Providing Release	21 
	
Section 7.	Nature of Participant’s Interest in the Plan	22 
	
         7.1.	No Right to Assets	22 
	         7.2.	No Right to Transfer Interest	22 
	         7.3.	No Employment Rights	22 
	         7.4.	Withholding and Tax Liabilities	22 







	

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Section 8.	Administration, Interpretation, and Modification of Plan	23 
	
         8.1.	Plan Administrator	23 
	         8.2.	Powers of the Administrator	23 
	         8.3.	Finality of Committee Determinations	23 
	         8.4.	Incapacity	23 
	         8.5.	Amendment, Suspension, and Termination	23 
	         8.6.	Power to Delegate Authority	23 
	         8.7.	Headings	23 
	         8.8.	Severability	24 
	         8.9.	Governing Law	24 
	         8.10.	Complete Statement of Plan	24 
	
Exhibit A-- 	Draft Release 	A-1 

















	

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SECTION 1.
INTRODUCTION  



	1.1.  	Establishment
and History. 






	 	
The
Company first established the Plan for eligible executives on June 1, 1995. The Plan was
originally intended to replace the severance benefits that participants had under certain
individual agreements (customarily denominated a “Deferred Compensation Benefit
Agreement”) with the Company that provided for unfunded deferred compensation
benefits and certain other benefits. Since the Plan was first adopted on June 1, 1995, it
has been amended and restated several times. 






	1.2.  	Effective
Date. 






	 	(a) 	This
restatement of the Plan is effective October 15, 2006; provided, however,
               that any provision in this restatement intended to satisfy the
requirements of                Section 409A of the Code is effective January 1, 2005. Any
individual who first                becomes eligible to participate in the Plan on or
after October 15, 2006, will                participate in the Plan subject to the terms
set forth in this restatement and                the individual’s Participation
Agreement. 






	 	(b) 	Any
individual who participated in the Plan before October 15, 2006, will
               participate in the Plan subject to the terms set forth in this restatement
and                the individual’s Participation Agreement (and not subject to the
terms of                any earlier restatement or participation agreement) if the
individual executes a                new Participation Agreement in accordance with
Section 3.2. 






	 	(c) 	Any
individual who participated in the Plan before October 15, 2006, and who
               fails to execute a new Participation Agreement in accordance with Section
3.2                will continue to participate in the Plan subject to the terms set
forth in the                applicable earlier restatement of the Plan and his
Participation Agreement (and                not subject to the terms of this restatement
other than the terms of this                restatement that bring the earlier
restatement of the Plan into compliance with                Section 409A of the Code). 






	1.3.  	Purpose. 






	 	
The
Plan is an unfunded welfare plan maintained primarily for the purpose of providing
severance pay benefits to a select group of management and highly compensated employees.
The Plan is intended to avoid the adverse tax consequences of Section 409A of the Code. 






	

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SECTION 2. DEFINITIONS
AND CONSTRUCTION  



	2.1.  	Definitions. 






	 	
When
used in capitalized form in the Plan, the following words and phrases have the following
meanings, unless the context clearly indicates that a different meaning is intended: 






	 	(a) 	“Accounting
Firm” has the meaning provided in                Section 4.2(c)(1). 






	 	(b) 	“Administrative
Committee” means the                Administrative Committee
appointed to administer the JLG Industries, Inc.                Employees’ Retirement
Savings Plan. However, following a Change in Control,                “Administrative
Committee” means the trustee under the grantor trust                maintained by
the Company in connection with the Plan. 






	 	(c) 	“Applicable
Percentage” and                “Applicable CIC Percentage”are
the percentages                specified by the Compensation Committee with respect to
the Participant that are                reflected in the Participant’s Participation
Agreement. 






	 	(d) 	“Associate” has
the meaning assigned to that term                for purposes of Rule 12b-2 of the
General Rules and Regulations under the                Securities Exchange Act. 






	 	(e) 	“Beneficial
Owner” means the following: a Person                is deemed to be
the “Beneficial Owner” of, to “Beneficially                Own,” and
to have “Beneficial Ownership” of, any securities that: 






	 	(1) 	such
Person or any of such Person’s Securities Law Affiliates or Associates
               beneficially owns, directly or indirectly;  






	 	(2) 	such
Person or any of such Person’s Securities Law Affiliates or Associates
               has (A) the right or obligation to acquire (whether such right or
obligation is                exercisable or effective immediately or only after the
passage of time) pursuant                to any agreement, arrangement, or understanding
(whether or not in writing) or                upon the exercise of conversion rights,
exchange rights, rights, warrants or                options, or otherwise; provided that
a Person will not be deemed the                “Beneficial Owner” of, or to
“Beneficially Own,” or to have                “Beneficial Ownership” of,
securities tendered pursuant to a tender or                exchange offer made by such
Person or any of such Person’s Securities Law                Affiliates or
Associates until such tendered securities are accepted for                purchase or
exchange; or (B) the right to vote pursuant to any agreement,                arrangement,
or understanding (whether or not in writing); provided that a                Person will
not be deemed the “Beneficial Owner” of, or to                “Beneficially
Own,” or to have “Beneficial Ownership” of,                any security
under this clause (B) if the agreement, arrangement, or                understanding to
vote such security (i) arises solely from a revocable proxy                given in
response to a public proxy or consent solicitation made pursuant to,                and
in accordance with, the applicable rules and regulations of the Securities
               Exchange Act, and (ii) is not also then reported by such Person on
Schedule 13D                under the Securities Exchange Act (or any comparable or
successor report); or  







	

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	 	(3) 	are
beneficially owned, directly or indirectly, by any other Person (or any
               Securities Law Affiliate or Associate thereof) with which such Person or
any of                such Person’s Securities Law Affiliates or Associates has any
agreement,                arrangement, or understanding (whether or not in writing) or
with which such                Person or any of such Person’s Securities Law
Affiliates or Associates have                otherwise formed a group for the purpose of
acquiring, holding, voting (except                pursuant to a revocable proxy as
described in clause (B)(i) of paragraph (2),                above), or disposing of any
securities of the Company.  






	 	(f) 	“Beneficiary” means
the person designated in                writing by a Participant to receive all or a
portion of his Severance Benefits                under the Plan after he dies. If a
Participant fails to designate a Beneficiary                or his designated Beneficiary
fails to survive him, his Beneficiary will be the                person to whom he is
married at the time of his death, or if he is not married                at that time,
his Beneficiary will be his estate. A Participant may revoke in                writing a
prior designation of a Beneficiary at any time before the Participant
               dies. 






	 	(g) 	“Board
of Directors” means the Board of Directors                of the
Company. 






	 	(h) 	“Cause”means,
as determined by the Administrative Committee,                disloyalty, mismanagement,
abdication of job responsibility, or commission of a                felony, any one of
which results in significant injury to the business of the                Company. 






	 	(i) 	“Change
in Control”means the first to                occur of the
following events—






	 	(1) 	an
acquisition (other than directly from the Company) of securities of the
               Company by any Person, immediately after which such Person, together with
all                Securities Law Affiliates and Associates of such Person, becomes the
Beneficial                Owner of securities of the Company representing 25 percent or
more of the Voting                Power; provided that, in determining whether a Change
in Control has occurred,                the acquisition of securities of the Company in a
Non-Control Acquisition will                not constitute an acquisition that would
cause a Change in Control; or  






	 	(2) 	three
or more directors, whose election or nomination for election is not
               approved by a majority of the members of the Incumbent Board then serving
as                members of the Board of Directors, are elected within any single
12-month period                to serve on the Board of Directors; provided that an
individual whose election                or nomination for election is approved as a
result of either an actual or                threatened Election Contest or Proxy
Contest, including by reason of any                agreement intended to avoid or settle
any Election Contest or Proxy Contest,                will be deemed not to have been
approved by a majority of the Incumbent Board                for purposes of this
definition; or  






	

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	 	(3) 	members
of the Incumbent Board cease for any reason to constitute at least a
               majority of the Board of Directors; or  






	 	(4) 	approval
by shareholders of the Company of:  






	 	(A) 	a
merger, consolidation, or reorganization involving the Company, unless  






	 	(i) 	the
shareholders of the Company, immediately before the merger, consolidation,
               or reorganization, own, directly or indirectly immediately following such
               merger, consolidation, or reorganization, at least 75 percent of the
combined                voting power of the outstanding voting securities of the
corporation resulting                from such merger, consolidation, or reorganization
in substantially the same                proportion as their ownership of the voting
securities immediately before such                merger, consolidation, or
reorganization;  






	 	(ii) 	individuals
who were members of the Incumbent Board immediately prior to the                execution
of the agreement providing for such merger, consolidation, or
               reorganization constitute at least a majority of the board of the
directors of                the Surviving Corporation; and  






	 	(iii) 	no
Person (other than (1) the Company or any Subsidiary thereof, (2) any
               employee benefit plan (or any trust forming a part thereof) maintained by
the                Company, any Subsidiary thereof, or the Surviving Corporation, or (3)
any person                who, immediately prior to such merger, consolidation, or
reorganization, had                Beneficial Ownership of securities representing 25
percent or more of the Voting                Power) has Beneficial Ownership of
securities representing 25 percent or more of                the combined voting power of
the Surviving Corporation’s then outstanding                voting securities;  






	 	(B) 	a
complete liquidation or dissolution of the Company; or  






	 	(C) 	an
agreement for the sale or other disposition of all or substantially all of
               the assets of the Company to any Person (other than a transfer to a
Subsidiary                of the Company).  






	 	(j) 	“Code” means
the Internal Revenue Code of 1986,                as amended and in effect from time to
time. 






	 	(k) 	“Company” means
JLG Industries, Inc., and any                successor to JLG Industries, Inc. Employment
with the Company includes                employment with any corporation, partnership, or
other organization required to                be aggregated with the Company under
sections 414(b) and (c) of the Code. 






	

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	 	(l) 	“Company
Payments”has the meaning provided in                Section 4.2(a). 






	 	(m) 	“Compensation
Committee” means the Compensation                Committee of the
Board of Directors. 






	 	(n)	“Covered
Compensation” is the compensation                specified by the
Compensation Committee with respect to the Participant that is                reflected
in the Participant’s Participation Agreement. 






	 	(o) 	“Dismissed” has
the meaning provided in Section                4.8. 






	 	(p) 	“Effective
Date” means October 15, 2006 except                that the Effective
Date for any provision in this restatement intended to                satisfy the
requirements of Section 409A of the Code is January 1, 2005. 






	 	(q) 	“Election
Contest” means an election contest                described in Rule
14a-11 promulgated under the Securities Exchange Act. 






	 	(r) 	“Eligible
Executive” means an employee of the                Company who (1)
was covered by an agreement under a restatement of the Plan that                was in
effect prior to the Effective Date or (2) is an officer of the Company or
               holds any other key position designated by the Compensation Committee in
its                sole discretion as eligible to participate in the Plan. 






	 	(s) 	“ERISA” means
the Employee Retirement Income                Security Act of 1974, as amended and in
effect from time to time. 






	 	(t) 	“Excise
Tax” means the excise tax imposed under                section 4999
of the Code as described in Section 4.2(a). 






	 	(u) 	“Executive
Trust” means the JLG Industries, Inc.                Executive Trust. 






	 	(v) 	“Good
Reason” has the meaning provided in Section                4.8(c). 






	 	(w) 	“Gross-Up
Payment” has the meaning provided in                Section 4.2. 






	 	(x) 	“Incumbent
Board” means individuals who, as of                the close of
business on the Effective Date, are members of the Board of                Directors;
provided that, if the election, or nomination for election by the                Company’s
shareholders, of any new director was approved by a vote of at                least 75
percent of the Incumbent Board, such new director will, for purposes of
               the Plan, be considered as a member of the Incumbent Board; provided
further                that no individual will be considered a member of the Incumbent
Board if such                individual initially assumed office as a result of either an
actual or                threatened Election Contest or other actual or threatened Proxy
Contest,                including by reason of any agreement intended to avoid or settle
any Election                Contest or Proxy Contest. 






	 	(y) 	“MIP” means
the JLG Industries, Inc. Annual                Management Incentive Plan. 





	

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	 	(z) 	“Non-Control
Acquisition” means an acquisition by                (1) an employee
benefit plan (or a trust forming a part thereof) maintained by                (A) the
Company or (B) any of its Subsidiaries, (2) the Company or any of its
               Subsidiaries, or (3) any Person in connection with a Non-Control
Transaction. 






	 	(aa) 	“Non-Control
Transaction” means any transaction                described in
clauses 4(A)(i) through (iii) of the definition of Change in                Control.”






	 	(bb) 	“Participant” means
a member of a select group of                management or highly compensated employees
of the Company who has become a                participant in the Plan under Section 2. 






	 	(cc) 	“Participation
Agreement” has the meaning                provided in Section 3.2. 






	 	(dd) 	“Person” means
any individual, firm, corporation,                partnership, joint venture,
association, trust, or other entity. 






	 	(ee) 	“Plan” means
the JLG Industries, Inc. Executive                Severance Plan as amended and restated
effective October 15, 2006, and set forth                in this document. 






	 	(ff) 	“Proxy
Contest” means a solicitation of proxies                or consents
by or on behalf of a Person other than the Board of Directors. 






	 	(gg) 	“Section” means
a section of this Plan and any                subsections of that section. 






	 	(hh) 	“Securities
Exchange Act” means the Securities                Exchange Act of
1934, as amended and in effect from time to time. 






	 	(ii) 	“Securities
Law Affiliate” means an                “affiliate” as
defined for purposes of Rule 12b-2 of the General Rules                and Regulations
under the Securities Exchange Act. 






	 	(jj) 	“SERP” means
JLG Industries, Inc. Supplemental                Executive Retirement Plan. 






	 	(kk) 	“Severance
Benefit” has the meaning provided in                Section 4.1. 






	 	(ll) 	“Subsidiary” of
any Person means any corporation                or other entity of which at least 80
percent (or such lesser percentage as the                Administrative Committee may
determine) of the voting power of the voting equity                securities or voting
interest therein is owned, directly or indirectly, by such                Person. 






	 	(mm) 	“Surviving
Corporation” means a corporation                resulting from a
merger, consolidation, or reorganization described in paragraph                (4)(A)(i)
of the definition of “Change in Control.”






	 	(nn) 	“Voting
Power” means the voting power of all                securities of the
Company then outstanding generally entitled to vote for the                election of
directors of the Company. 






	

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	2.2.  	Gender
and Number. 






	 	
Words
used in the masculine gender in the Plan are intended to include the feminine and neuter
genders, where appropriate. Words used in the singular form in the Plan are intended to
include the plural form, where appropriate, and vice versa. 



















	

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SECTION 3.
PARTICIPATION BY ELIGIBLE EXECUTIVES  



	3.1.  	Generally. 






	 	(a) 	An
Eligible Executive who has an agreement in effect on the Effective Date under
               a prior restatement of the Plan is eligible to receive a benefit subject
to the                terms of this October 15, 2006 restatement if he properly executes
a                Participation Agreement in accordance with Section 3.2. 






	 	(b) 	If
an Eligible Executive is not covered by an agreement under a prior
               restatement of the Plan on the Effective Date, the Eligible Executive will
not                become a Participant in the Plan unless the Compensation Committee
designates                him as eligible to participate in the Plan and he properly
executes a                Participation Agreement in accordance with Section 3.2. 






	3.2.  	Participation
Agreement Required. 






	 	(a) 	No
employee will be eligible to receive a benefit under this restatement of the
               Plan unless he and the Company execute a Participation Agreement
evidencing his                participation in the October 15, 2006 Plan restatement. The
executed                Participation Agreement will constitute an agreement between the
Company and the                employee that binds both of them to the terms of the Plan
and will bind their                heirs, executors, administrators, successors, and
assigns, both present and                future. 






	 	(b) 	In
the case of an employee who is eligible to participate in this restatement of
               the Plan pursuant to Section 3.1(a), the executed Participation Agreement
will                constitute the employee’s written agreement to waive all rights
he may have                under any earlier restatement of the Plan. 














	

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SECTION 4. SEVERANCE
BENEFITS  



	4.1.  	Basic
Benefit. 






	 	(a) 	Amount.
Subject to the timely execution of a release as provided in                     Section
6, a Participant who is Dismissed is entitled to a Severance Benefit,
                    determined as follows—






	 	(1)	Before
a Change in Control. If a Participant is Dismissed before a Change
                    in Control occurs, the Participant’s Severance Benefit will equal— 






	 	(A) 	the
Participant’s Applicable Percentage, times  






	 	(B) 	the
Participant’s Covered Compensation.  






	 	(2) 	On
or Following a Change in Control. Subject to Section 4.2(b), if the
                    Participant is Dismissed six months before or two years after a
Change in                     Control, the Participant’s Severance Benefit will equal— 






	 	(A) 	the
Participant’s Applicable CIC Percentage, times  






	 	(B) 	the
Participant’s Covered Compensation.  






	 	(b) 	Time
and Form of Payment. Except as provided in Section 4.9, the
                    Severance Benefit will be paid in the form of a lump sum on the 60th
day                     following the date the Participant is Dismissed, provided that
the requirements                     of Section 6 are satisfied. 






	 	(c) 	Death
Benefit. If the Participant dies after being Dismissed but before
                    receiving his Severance Benefit, his Severance Benefit will be paid
to his                     Beneficiary. 






	4.2.  	Gross-Up
Payment. 






	 	(a) 	Eligibility.
Except as provided in Section 4.2(b) and subject to the                     timely
execution of a release as provided in Section 6, a Participant is
                    eligible to receive a Gross-Up Payment if the Participant—






	 	(1) 	is
Dismissed in connection with a Change in Control; and  






	 	(2) 	receives
payments or benefits contingent on the Change in Control from any
                    Company-sponsored plan, program or arrangement (“Company Payments”)
                    that are “excess parachute payments” within the meaning of
section                     280G(b)(1) of the Code and are subject to the excise tax
imposed by section 4999                     of the Code (the “Excise Tax”).  






	 	(b) 	Notwithstanding
anything to the contrary in Section 4.2(a), a Participant will                     not
receive a Gross-Up Payment if the Participant’s excess parachute
                    payment is less than or equal to 310% of his “base amount” (within
the                     meaning of section 280G(b)(3) of the Code). In such an event, the
                    Participant’s Company Payments will be reduced by the smallest
amount                     necessary to ensure that the Company Payments do not exceed
three times the                     Participant’s base amount. 





	

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	 	(c) 	Amount. 






	 	(1)	Generally. The
amount of the Gross-Up Payment will equal an amount such                     that, after
payment by the Participant of all taxes (including any interest or
                    penalties imposed with respect to such taxes), including any Excise
Tax imposed                     upon the Gross-Up Payment, the Participant retains an
amount of the Gross-Up                     Payment equal to the Excise Tax imposed upon
the Company Payments. The                     nationally recognized firm of certified
public accountants (the “Accounting                     Firm”) used by the
Company prior to the Change in Control (or, if such                     Accounting Firm
declines to serve, a nationally recognized firm of certified                     public
accountants selected by the Company) will determine whether the Company
                    Payments will result in an excess parachute payment that is subject
to the                     Excise Tax. If the Accounting Firm determines that the Company
Payments will not                     be subject to the Excise Tax, it will, at the same
time as it makes such                     determination, furnish the Participant with an
opinion that he has substantial                     authority not to report any Excise
Tax on his/her federal, state, local income                     or other tax return. If
it is later determined pursuant to Section 4.2(c)(4)                     that the Company
Payments are subject to the Excise Tax, the Gross-Up Payment                     will
include any penalties and interest that are imposed or become due as a
                    result of the Accounting Firm’s initial determination that the
                    Company’s Payments were not subject to the Excise Tax.  






	 	(2)	Tax
Rates. For purposes of determining the amount of the Gross-Up
                    Payment, the Participant will be deemed to pay (A) federal income
taxes at the                     highest marginal rates of federal income taxation
applicable to individuals in                     the calendar year in which the Gross-Up
Payment is to be made and (B) state and                     local income taxes at the
highest marginal rates of taxation applicable to                     individuals as are
in effect in the state and locality of the Participant’s
                    residence in the calendar year in which the Gross-Up Payment is to be
made, net                     the maximum reduction in federal income taxes that can be
obtained from                     deduction of such state and local taxes, taking into
account any limitations                     applicable to individuals subject to federal
income tax at the highest marginal                     rates.  






	 	(3)	Adjustments
to Gross-Up Payments. If it is established pursuant to a                     final
determination of a court or an Internal Revenue Service proceeding or
                    written opinion of counsel that the Excise Tax is less than the
amount                     previously taken into account hereunder, the Participant will
repay the Company,                     within 30 days of his receipt of notice of such
final determination or opinion,                     the portion of the Gross-Up Payment
attributable to such reduction (plus the                     portion of the Gross-Up
Payment attributable to the Excise Tax imposed on the                     Gross-Up
Payment being repaid by the Participant if such repayment results in a
                    reduction in Excise Tax) plus any interest received by the
Participant on the                     amount of such repayment, provided that if any
such amount has been paid by the                     Participant as an Excise Tax or
other tax, he will cooperate with the Company in                     seeking a refund of
any tax overpayments, and he will not be required to make                     repayments
to the Company until the overpaid taxes and interest thereon are
                    refunded to him.  





	

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	 	(4) 	Additional
Gross-Up Payment. If it is established pursuant to a final
                    determination of a court or an Internal Revenue Service proceeding or
the                     written opinion of counsel that the Excise Tax exceeds the amount
taken into                     account hereunder (including by reason of any payment the
existence or amount of                     which cannot be determined at the time of the
Gross-Up Payment), the Company                     will make an additional Gross-Up
Payment in respect of such excess (including                     any tax penalties
imposed or interest due because of the underpayment) 30 days                     after
the Company’s receipt of notice of such final determination or
                    opinion; provided that the Participant notifies the Company of the
potential                     underpayment within 30 days of the Participant’s
initial receipt from the                     Internal Revenue Service of a dispute or
inquiry regarding the amount of the                     Excise Tax.  






	 	(d) 	Time
and Form of Payment. 






	 	(1) 	Generally.  






	 	(A) 	Except
as provided in Section 4.9, if the Company determines that an Excise Tax
                    will be imposed upon a Participant, the Gross-Up Payment will be paid
in a lump                     sum on the fifth day before the due date of the Excise Tax.  






	 	(B) 	Except
as provided in Section 4.9, if the Accounting Firm initially determines
                    that an Excise Tax will not be imposed upon the Company Payments and
an Excise                     Tax is subsequently imposed on the Company Payments
pursuant to Section                     4.2(c)(4), the Gross-Up Payment will be paid in a
lump sum on the 60th day after                     the Participant’s initial receipt
of notice of such final determination or                     opinion; provided that no
Gross-Up Payment will be paid under this Section                     4.2(d)(1)(B) if the
Participant does not notify the Company of the potential                     underpayment
within 30 days of the Participant’s initial receipt from the
                    Internal Revenue Service of a dispute or inquiry regarding the amount
of the                     Excise Tax.  






	 	(2)	Death
Benefit. If the Participant dies after being Dismissed but before
                    receiving any Gross-Up Payment that might be due under this Section
4.2, the                     Gross-Up Payment will be paid in a lump sum to his
Beneficiary at the time set                     forth in Section 4.2(d)(1), above.  





	

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	Executive Severance Plan	October 15, 2006 












	4.3.  	Medical
and Life Insurance Benefits. 






	 	
If
the Participant is Dismissed and timely executes a release as provided in Section 6, the
Company will provide the Participant with medical and life insurance benefits as
follows— 






	 	(a) 	Medical
Benefits. 






	 	(1)	Amount. The
amount of the medical benefits is equal to the amount of                     medical
benefits (if any) that the Company would have provided to the
                    Participant had the Participant continued employment with the Company
in the                     same position held by the Participant at the time of his
termination from                     employment. The Company reserves the right to
modify, amend, or terminate at any                     time, the medical benefits that
would have been provided to the Participant if                     he had continued
employment with the Company.  






	 	(2)	Time
of Payment. A Participant will continue to receive his medical
                    benefits under the Company’s medical insurance plan for a period
beginning                     on the date medical benefits otherwise would cease as a
result of the                     Participant’s having been Dismissed and continuing
for the number of months                     that bears the same proportion to twelve
months as the Participant’s                     Applicable Percentage under Section
2.1(c) of the Plan bears to 100%.  






	 	(b) 	Life
Insurance Benefits. 






	 	(1)	Amount.
The life insurance benefits provided will be the benefits (if                     any)
that the Company would have provided to the Participant had the Participant
                    continued employment with the Company in the same position held by
the                     Participant at the time of his termination from employment.  






	 	(2)	Time
of Payment. Except as provided in Section 4.9, life insurance
                    benefits will be continued under this Section 4.3(b) for a period
beginning on                     the date life insurance benefits otherwise would cease
as a result of the                     Participant’s having been Dismissed and
continuing for the number of months                     that bears the same proportion to
twelve months as the Participant’s                     Applicable Percentage under
Section 2.1(c) of the Plan bears to 100%.  






	4.4.  	SERP
Benefit






	 	
If
the Participant is Dismissed during the six month period immediately preceding or the two
year period immediately following a Change in Control, is at least age 50 as of the date
of the Change in Control, and timely executes a release as provided in Section 6, his
benefit under the Supplemental Executive Retirement Plan (the “SERP”) will be
determined and paid as follows— 






	

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	Executive Severance Plan	October 15, 2006 











	 	(a) 	Amount
of Benefit. 






	 	(1) 	Decreased
Early Retirement Reduction. The amount of a Participant’s           Accrued
Benefit (as defined under the SERP) will be determined in accordance           with the
terms of the SERP except Sections 3.4(a) and A.5(e) of the SERP will           not apply
to the Participant. Instead, if the Participant begins receiving his           benefit
under the SERP before age 60, his Accrued Benefit will be reduced by one           half
of one percent for each month during which benefits are scheduled to be           paid
before the first day of the month following the month in which the           Participant
reaches age 55.  






	 	(2) 	Five
Years of Service Credit. If the Participant became a participant in           the
SERP after September 5, 2000, the Participant will receive an additional           five
Years of Service for purposes of determining the Participant’s           applicable
percentage under Section 3.2 of the SERP.  






	 	(b) 	Time
and Form of Payment. Notwithstanding anything to the contrary in the           SERP,
if the Participant is Dismissed in connection with a Change in Control           that
occurs in 2006 or 2007, the Participant’s Accrued Benefit under the           SERP
will be paid at the times and in the forms specified below based on the age           of
the Participant on the date he is Dismissed: 






	 	(1) 	If
the Participant is less than age 55 as of December 31, 2006, his Vested
          Retirement Benefit (as defined under the SERP) will not be subject to Section
          409A of the Code, and he will receive his Vested Retirement Benefit in the form
          of a lump sum on the later to occur of the following dates: (1) January 1,
2007,           or (2) the 30th day after the Participant is Dismissed.  






	 	(2) 	If
the Participant is at least age 55 but less than age 60 as of December 31,
          2006, his Early Retirement Benefit (as defined under the SERP) will be divided
          into two portions, and he will be deemed to have elected to receive each
portion           in the form of a lump sum on the following dates:  






	 	(A) 	The
portion of the Participant’s Early Retirement Benefit that is           “grandfathered” within
the meaning of Section 409A of the Code is not           subject to Section 409A of the
Code and will be paid as soon as practicable but           no later than 30 days after
the Participant is Dismissed.  






	 	(B) 	The
portion of the Participant’s Early Retirement Benefit that is not grandfathered
within the meaning of Section 409A of the Code, will be           paid six months after
the Participant is Dismissed.  






	 	(3) 	If
the Participant is at least age 60 as of December 31, 2006, his Normal
          Retirement Benefit or Late Retirement Benefit (whichever is applicable) will be
          divided into two portions, and he will be deemed to have elected to receive
each           portion on the dates and in the form as follows— 





	

	JLG Industries, Inc.	Page 13 
	Executive Severance Plan	October 15, 2006 












	 	(A) 	The
portion of the Participant’s Normal Retirement Benefit or Late           Retirement
Benefit that is “grandfathered” within the meaning of           Section 409A of
the Code, is not subject to Section 409A of the Code and will be           paid in the
form of a lump sum on the 30th day after the Participant is           Dismissed.  






	 	(B) 	The
portion of the Participant’s Normal Retirement Benefit or Late           Retirement
Benefit that is not grandfathered within the meaning of           Section 409A of
the Code, will be paid six months after the date that the           Participant is
Dismissed in the form of a lump sum to the extent permitted under           Section 409A
of the Code, and if a lump sum payment is not permissible, in the           form of a
Ten-Year Certain Life Annuity.  






	4.5.  	SERP
Rabbi Trust






	 	
Notwithstanding
Section 3.2 of the JLG Industries, Inc. Executive Trust (the “Executive Trust”),
immediately preceding a Change in Control, the Company will contribute to the Executive
Trust amounts in cash or other property acceptable to the Trustee (as defined under the
Executive Trust Agreement) sufficient to fund 100% of all benefits that have accrued under
the SERP as of the Change in Control, assuming that all Participants will be Dismissed
under circumstances that entitle them to receive the maximum benefits provided under
Section 4.4, above. 






	4.6.  	Cash
Bonus Award 






	 	
If
the Participant is Dismissed, the Participant will receive a pro rated portion of the
bonus he would have been entitled to receive under the Annual Management Incentive Plan
(the “MIP”) for the fiscal year in which he is Dismissed equal to the greater of
(a) or (b), as defined below, multiplied by a fraction, the numerator of which is the
number of days in the performance year completed by the Participant as of the date he is
Dismissed and the denominator of which is 365. For this purpose, (a) and (b) will equal: 






	 	(a) 	the
amount the Participant would have received under the MIP for the fiscal year
                    in which he is Dismissed had: 






	 	(1) 	all
target objectives been achieved for the entire fiscal year,  






	 	(2) 	the
Executive otherwise satisfied all conditions for payment, and  






	 	(3) 	the
Company not exercised any negative discretion with respect to the amount of
                    any payment under the MIP.  






	 	(b) 	the
amount the Participant would have received under the MIP for the fiscal year
                    in which he is Dismissed had 






	 	(1) 	the
ratio of actual performance achieved as of the date the Participant is
                    Dismissed compared to target performance as of that date been
sustained for the                     remainder of the fiscal year,  







	

	JLG Industries, Inc.	Page 14 
	Executive Severance Plan	October 15, 2006 










	 	(2) 	the
Executive otherwise satisfied all conditions for payment, and  






	 	(3) 	the
Company not exercised any negative discretion with respect to the amount of
                    any payment under the MIP.  






	4.7.  	Legal
Expenses After a Change in Control






	 	
The
Company will pay or reimburse the Participant for reasonable legal fees (including without
limitation, any and all court costs and reasonable attorneys’ fees and expenses)
incurred by the Participant in connection with or as a result of any claim, action or
proceeding brought by the Company or the Participant following a Change in Control with
respect to or arising out of the provisions of the Plan; provided, however, that the
Company will have no obligation to pay any such legal fees, if in the case of an action
brought by the Participant, the Company is successful in establishing with the court that
the Participant’s action was frivolous or otherwise without any reasonable legal or
factual basis. The Company will also make a gross-up payment to the Participant in the
amount of any (a) excise tax imposed by section 4999 of the Code on the payment or
reimbursement for reasonable legal fees, and (b) income tax or other penalties imposed on
the gross-up payment itself. 






	4.8.  	Dismissal. 






	 	(a) 	A
Participant is Dismissed if his employment with the Company is                terminated—






	 	(1) 	for
Good Reason; or  






	 	(2) 	involuntarily
by the Company for any reason other than for Cause.  






	 	(b) 	For
purposes of this Section 4.8, if the Participant continues to be employed by
               the Company or a successor business immediately following any of the
               transactions listed below, the Participant’s employment with the
Company is                not considered terminated solely because of the occurrence of
the                transaction—






	 	(1) 	a
change in the ownership of the Company;  






	 	(2) 	all
or part of the Company is merged, consolidated, spun off, liquidated, or
               otherwise reorganized; or  






	 	(3) 	all
or part of the tangible and intangible assets of the Company are sold or
               otherwise transferred to new ownership.  






	 	(c)	Good
Reason. 






	 	(1) 	Generally.
A Participant’s employment with the Company is terminated                for Good
Reason if his termination occurs no earlier than six months before the
               Change in Control, no later than two years after the Change in Control,
and no                later than six months after any of the triggering events included
in Section                4.8(c)(2) or (3), below. A Participant’s employment with
the Company will                not be considered terminated for Good Reason if (A) a
Change in Control has not                occurred or (B) a Change in Control has occurred
but his employment terminates                (i) more than six months before a Change in
Control, (ii) more than two years                after a Change in Control, or (iii) more
than six months after any of the                triggering events included in Section
4.8(c)(2) or (3), below.  






	

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	Executive Severance Plan	October 15, 2006 











	 	(2) 	Triggering
Events. The occurrence of any one of the following events                without the
Participant’s consent is a triggering event for purposes of                this
Section 4.8(c)— 






	 	(A) 	a
material change in the Participant’s position with the Company that
               represents a demotion from his prior position with the Company;  






	 	(B) 	the
assignment to the Participant of material duties or responsibilities that
               are inconsistent with his status or position with the Company;  






	 	(C) 	a
material reduction in the Participant’s base salary;  






	 	(D) 	a
change in the terms of the compensation arrangements applicable to the
               Participant that represents a significant reduction in the value of such
               compensation arrangements;  






	 	(E) 	a
material increase in the participant’s responsibilities or duties without
               a commensurate increase in his base salary;  






	 	(F) 	the
imposition of any requirement that the Participant be based anywhere other
               than within 50 miles of where his principal office was located on the date
of                the Change in Control;  






	 	(G) 	a
material increase in the frequency or duration of the Participant’s
               business travel; or  






	 	(H) 	the
Company’s failure to obtain the express assumption of this Plan with
               respect to the Participant by any successor to the Company.  






	 	(3)	Special
Rule. A Participant’s employment with the Company will be                deemed
terminated for Good Reason if the Participant is the Chief Executive
               Officer of the Company immediately preceding the Change in Control and his
               employment with the Company is terminated for any reason within six months
after                the Change in Control.  






	 	(4)	Non-Triggering
Event. A Participant’s employment with the Company                will not have
terminated for Good Reason if the only changes to the                Participant’s
duties, responsibilities, or titles arise as a consequence of                the Company
ceasing to be a company with publicly-traded securities or becoming                a
subsidiary, division, unit, or other affiliate of a publicly- or privately-
               owned entity.  






	

	JLG Industries, Inc.	Page 16 
	Executive Severance Plan	October 15, 2006 











	4.9.  	Application
of Section 409A of the Code.






	 	(a) 	In
General. This Section 4.9 (1) applies only to the extent Section 409A
               of the Code applies to any benefit payable under the Plan, (2) supersedes
               any provision of the Plan or a Participation Agreement to the extent that
such                provision conflicts with this Section 4.9, (3) is intended to comply
with and                avoid the adverse tax consequences of Section 409A of the Code,
and (4) will be                interpreted, operated, and administered in a manner
consistent with this intent. 






	 	(b) 	Timing
of Benefit Payments. No amount payable under the Plan that is                subject
to Section 409A of the Code will be paid before the date that is six
               months following the Participant’s “Separation from Service,”               within
the meaning of Section 409A of the Code, or on the date of the                Participant’s
death, if earlier. For purposes of this Section 4.9, a                payment that is
required to be made on a certain date may be made as soon as                practicable
following such date, provided that the payment must be made during                the
same calendar year as the required payment date or, if later, by the 15th
               day of the third calendar month following the required payment date, or
               otherwise in accordance with Section 409A of the Code. 
















	

	JLG Industries, Inc.	Page 17 
	Executive Severance Plan	October 15, 2006 













SECTION 5. COVENANTS  



	5.1.  	Generally. 






	 	
In
consideration for the benefits provided under the Plan, each Participant will agree to the
covenants set forth in this Section 5. 






	5.2.  	Noncompetition.






	 	(a) 	Prohibited
Conduct.During the period of a
                    Participant’s employment with the Company, and the period
continuing after                     the Participant’s termination of employment
(for any reason) for the number                     of months that bears the same
proportion to twelve months as the                     Participant’s Applicable
Percentage under Section 2.1(c) of the Plan bears                     to 100%, the
Participant will not, without the prior written consent of the CEO
                    (or if the Participant is the CEO, without prior written consent of
the                     Compensation Committee)—






	 	(1) 	personally
engage in Competitive Activities (as defined below); or  






	 	(2) 	work
for, own, manage, operate, control, or participate in the ownership,
                    management, operation, or control of, or provide consulting or
advisory services                     to, any individual, partnership, firm, corporation,
or institution engaged in                     Competitive Activities, or any company or
person affiliated with such person or                     entity engaged in Competitive
Activities; provided that Participant’s                     purchase or holding, for
investment purposes, of securities of a publicly-traded                     company will
not constitute “ownership” or “participation in
                    ownership” for purposes of this paragraph so long as Participant’s
                    equity interest in any such company is less than a controlling
interest;  






	 	
However,
this Section 5.2(a) will not prohibit a Participant from (1) being employed by, or
providing services to, a consulting firm, provided that he does not personally engage in
Competitive Activities or provide consulting or advisory services to any individual,
partnership, firm, corporation, or institution engaged in Competitive Activities, or any
company or person affiliated with such person or entity engaged in Competitive Activities,
or (2) engaging in the private practice of law as a sole practitioner or as a partner in
(or as an employee of or counsel to) a law firm in accordance with applicable legal and
professional standards. 






	 	(b) 	Competitive
Activities.“Competitive                Activities” means
business activities anywhere in the world relating to                products or services
of the same or similar type as the products or services                (1) which are
sold (or, pursuant to an existing business plan, will be                sold) to paying
customers of the Company, and (2) for which the Participant then                has
responsibility to plan, develop, manage, market, or oversee, or had any such
               responsibility within his most recent 24 months of employment with the
Company.                If the scope of the obligations contained in this Section 5.2 are
determined to                exceed that which may be enforceable under applicable law,
the scope of these                obligations will be reformed to provide for enforcement
to the maximum extent                permitted under applicable law. The Participant will
bear the burden of proving                the scope of the maximum enforceable
obligations under applicable law and that                the activities in which he has
engaged do not exceed such maximum enforceable                obligations. 





	

	JLG Industries, Inc.	Page 18 
	Executive Severance Plan	October 15, 2006 












	5.3.  	Interference
with Business Relations. 






	 	
During
the period of the Participant’s employment with the Company, and the period
continuing after the Participant’s termination of employment (for any reason) for the
number of months that bears the same proportion to twelve months as the Participant’s
Applicable Percentage under Section 2.1(c) of the Plan bears to 100%, Participant will
not, without the prior written consent of the CEO (or if the Participant is the CEO,
without prior written consent of the Compensation Committee)— 






	 	(a) 	recruit
or solicit any employee of the Company for employment or for retention                as
a consultant or service provider; 






	 	(b) 	hire
or participate (with another company or third party) in the process of
               hiring (other than for the Company) any person who is then an employee of
the                Company, or provide names or other information about Company employees
to any                person or business (other than the Company) under circumstances
that could lead                to the use of that information for purposes of recruiting
or hiring; 






	 	(c) 	interfere
with the relationship of the Company with any of its employees,                agents, or
representatives; 






	 	(d) 	solicit
or induce, or in any manner attempt to solicit or induce, any client,
               customer, or prospect of the Company (1) to cease being, or not to become,
a                customer of the Company or (2) to divert any business of such customer
or                prospect from the Company; or 






	 	(e) 	otherwise
interfere with, disrupt, or attempt to interfere with or disrupt, the
               relationship, contractual or otherwise, between the Company and any of its
               customers, clients, prospects, suppliers, consultants, or employees. 






	5.4.  	Return
of Property; Intellectual Property Rights. 






	 	
On
or before a Participant’s termination of employment with the Company for any reason,
the Participant will return to the Company all property owned by the Company or in which
the Company has an interest, including files, documents, data and records (whether on
paper or in tapes, disks, or other machine-readable form), office equipment, credit cards,
and employee identification cards. In addition, the Participant will acknowledge that the
Company is the rightful owner of any programs, ideas, inventions, discoveries, patented or
copyrighted material, or trademarks that the Participant may have originated or developed,
or assisted in originating or developing, during his period of employment with the
Company, where any such origination or development involved the use of Company time or
resources, or the exercise of his responsibilities for or on behalf of the Company. The
Participant will at all times, both before and after his termination, cooperate with the
Company in executing and delivering documents requested by the Company, and taking any
other actions, that are necessary or requested by the Company to assist the Company in
patenting, copyrighting, or registering any programs, ideas, inventions, discoveries,
patented or copyrighted material, or trademarks, and to vest title thereto in the Company. 






	

	JLG Industries, Inc.	Page 19 
	Executive Severance Plan	October 15, 2006 











	5.5.  	Proprietary
and Confidential Information. 






	 	
The
Participant will at all times preserve the confidentiality of all proprietary information
and trade secrets of the Company, except to the extent that disclosure of such information
is legally required. “Proprietary information” means information that has not
been disclosed to the public and that is treated as confidential within the business of
the Company, such as strategic or tactical business plans; undisclosed financial data;
ideas, processes, methods, techniques, systems, patented or copyrighted information,
models, devices, programs, computer software, or related information; documents relating
to regulatory matters and correspondence with governmental entities; undisclosed
information concerning any past, pending, or threatened legal dispute; pricing and cost
data; reports and analyses of business prospects; business transactions that are
contemplated or planned; research data; personnel information and data; identities of
users and purchasers of the Company’s products or services; and other confidential
matters pertaining to or known by the Company, including confidential information of a
third party that Participant knows or should know the Company is bound to protect. 
















	

	JLG Industries, Inc.	Page 20 
	Executive Severance Plan	October 15, 2006 












SECTION 6. RELEASE  



	6.1.  	Generally. 






	 	
A
Participant will not be entitled to any benefits under this Plan unless, at the time the
Participant is Dismissed, he executes and does not subsequently revoke a release
satisfactory to the Company releasing the Company, its affiliates, shareholders,
directors, officers, employees, representatives, and agents and their successors and
assigns from any and all employment-related claims the Participant or his successors and
beneficiaries might then have against them (excluding any claims the Participant might
then have under this Plan or any employee benefit plan sponsored by the Company). The
release will be substantially in the form that is attached as Exhibit A to the Plan. 






	6.2.  	Time
Limit for Providing Release. 






	 	
A
Participant will execute and submit the release to the Company within 30 days after the
Participant is Dismissed. However, if the Participant is Dismissed in connection with an
exit incentive or other employment termination program offered to a group or class of
employees, the Participant will have 50 days after the Participant terminates employment
to execute and submit the release to the Company. 
















	

	JLG Industries, Inc.	Page 21 
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SECTION 7. NATURE OF
PARTICIPANT’S INTEREST IN THE PLAN  



	7.1.  	No
Right to Assets. 






	 	
Participation
in the Plan does not create, in favor of any Participant or Beneficiary, any right or lien
in or against any asset of the Company. Nothing contained in the Plan, and no action taken
under its provisions, will create or be construed to create a trust of any kind, or a
fiduciary relationship, between the Company and a Participant or any other person. The
Company’s promise to pay benefits under the Plan will at all times remain unfunded as
to each Participant and Beneficiary, whose rights under the Plan are limited to those of a
general and unsecured creditor of the Company. 






	7.2.  	No
Right to Transfer Interest. 






	 	
Rights
to benefits payable under the Plan are not subject in any manner to alienation, sale,
transfer, assignment, pledge, or encumbrance. However, the Administrative Committee may
permit a Participant or Beneficiary to enter into a revocable arrangement to pay all or
part of his benefits under the Plan to a revocable grantor trust (a so-called “living
trust”). In addition, the Administrative Committee may recognize the right of an
alternate payee named in a domestic relations order to receive all or part of a
Participant’s benefits under the Plan, but only if (a) the domestic relations order
would be a “qualified domestic relations order” within the meaning of section
414(p) of the Code (if section 414 (p) applied to the Plan), (b) the domestic relations
order does not attempt to give the alternate payee any right to any asset of the Company,
(c) the domestic relations order does not attempt to give the alternate payee any right to
receive payments under the Plan at a time or in an amount that the Participant could not
receive under the Plan, and (d) the amount of the Participant’s benefits under the
Plan are reduced to reflect any payments made or due the alternate payee. 






	7.3.  	No
Employment Rights. 






	 	
No
provisions of the Plan and no action taken by the Company, the Board of Directors, the
Compensation Committee, or the Administrative Committee will give any person any right to
be retained in the employ of the Company, and the Company specifically reserves the right
and power to dismiss or discharge any Participant. 






	7.4.  	Withholding
and Tax Liabilities. 






	 	
The
amount of any withholdings required to be made by any government or government agency will
be deducted from benefits paid under the Plan to the extent deemed necessary by the
Administrative Committee. In addition, the Participant or Beneficiary (as the case may be)
will bear the cost of any taxes not withheld on benefits provided under the Plan,
regardless of whether withholding is required. 










	

	JLG Industries, Inc.	Page 22 
	Executive Severance Plan	October 15, 2006 











SECTION 8.
ADMINISTRATION, INTERPRETATION, AND MODIFICATION OF PLAN  



	8.1.  	Plan
Administrator. 






	 	
The
Administrative Committee will administer the Plan.  






	8.2.  	Powers
of the Administrator. 






	 	
The
Administrative Committee’s powers include, but are not limited to, the power to adopt
rules consistent with the Plan; the power to decide all questions relating to the
interpretation of the terms and provisions of the Plan; and the power to resolve all other
questions arising under the Plan (including, without limitation, the power to remedy
possible ambiguities, inconsistencies, or omissions by a general rule or particular
decision). The Administrative Committee has full discretionary authority to exercise each
of the foregoing powers. 






	8.3.  	Finality
of Committee Determinations. 






	 	
Determinations
by the Administrative Committee and any interpretation, rule, or decision adopted by the
Administrative Committee under the Plan or in carrying out or administering the Plan will
be final and binding for all purposes and upon all interested persons, their heirs, and
their personal representatives. 






	8.4.  	Incapacity. 






	 	
If
the Administrative Committee determines that any person entitled to benefits under the
Plan is unable to care for his affairs because of illness or accident, any payment due
(unless a duly qualified guardian or other legal representative has been appointed) may be
paid for the benefit of such person to his spouse, parent, brother, sister, or other party
deemed by the Administrative Committee to have incurred expenses for such person. 






	8.5.  	Amendment,
Suspension, and Termination. 






	 	
The
Board of Directors has the right by written resolution to amend, suspend, or terminate the
Plan at any time. However, no amendment, suspension, or termination that reduces the
benefits to which a Participant is entitled under the Plan will apply to an employee who
already is a Participant in the Plan without his express written consent. 






	8.6.  	Power
to Delegate Authority. 






	 	
The
Board of Directors and the Administrative Committee may, in their sole discretion,
delegate to any person or persons all or part of its authority and responsibility under
the Plan, including, without limitation, the authority to amend the Plan. 






	8.7.  	Headings. 






	 	
The
headings used in this document are for convenience of reference only and may not be given
any weight in interpreting any provision of the Plan. 






	

	JLG Industries, Inc.	Page 23 
	Executive Severance Plan	October 15, 2006 











	8.8.  	Severability. 






	 	
If
any provision of the Plan is held illegal or invalid for any reason, the illegality or
invalidity of that provision will not affect the remaining provisions of the Plan, and the
Plan will be construed and enforced as if the illegal or invalid provision had never been
included in the Plan. 






	8.9.  	Governing
Law. 






	 	
The
Plan will be construed, administered, and regulated in accordance with the laws of the
Commonwealth of Pennsylvania, except to the extent that those laws are preempted by
federal law. 






	8.10.  	Complete
Statement of Plan. 






	 	
This
Plan contains a complete statement of its terms. The Plan may be amended, suspended, or
terminated only in writing and then only as provided in Section 8.5 or 8.6. A
Participant’s right to any benefit of a type provided under the Plan will be
determined solely in accordance with the terms of the Plan. No other evidence, whether
written or oral, will be taken into account in interpreting the provisions of the Plan.
Notwithstanding the preceding provisions of this Section 8.10, for purposes of determining
benefits with respect to a Participant, this Plan will be deemed to include (a) the
provisions of any Participation Agreement executed in accordance with Section 3.2, and (b)
the provisions of any other written agreement between the Company and the Participant to
the extent such other agreement explicitly provides for the incorporation of some or all
of its terms into this Plan. 













	

	JLG Industries, Inc.	Page 24 
	Executive Severance Plan	October 15, 2006 
















EXHIBIT A 



DRAFT RELEASE 



In consideration of the benefits I am
entitled to receive under the JLG Industries, Inc. Executive Severance Plan (the
“Plan”), I, [employee name], on behalf of myself, and on behalf of my
heirs, successors and assigns, hereby agree to release JLG Industries, Inc. (the
“Company”), all of its past, present and future subsidiaries, affiliates,
directors, officers, employees; and all of its and their respective heirs, successors, and
assigns from any and all claims, demands, actions, and liabilities that I might otherwise
have asserted arising out of my employment with the Company, including the termination of
that employment. 



I also promise not to sue the
Company; any of its past, present and future subsidiaries, affiliates, directors,
officers, employees, agents, and representatives; or any of its or their respective heirs,
successors, and assigns based, in whole or in part, on any claims relating to my
employment with the Company or the termination of that employment. However, I am not
releasing my rights, if any, under any qualified employee retirement plan nor am I
releasing any rights or claims that may arise after the date on which I sign this Release.
Those rights, and only those rights, survive unaffected by this Release. 



I understand that as a consequence of
my signing this Release I am giving up, with respect to my employment and the termination
of that employment, any and all rights I might otherwise have under (1) the Age
Discrimination in Employment Act of 1967, as amended; (2) and all other federal, state or
municipal laws prohibiting discrimination in employment on the basis of sex, race,
national origin, religion, age, handicap or other invidious factor; and (3) any and all
theories of contract or tort law, whether based on common law or otherwise. 



I acknowledge and agree that: 



     	1.	
          The benefits I am receiving under the Plan constitute consideration over and
          above any benefits that I might be entitled to receive without executing this
          Release. 


          



     	2.	
          The Company advised me in writing to consult with an attorney prior to executing
          a copy of the Plan document and the Release. 


          



     	3.	
          I was given a period of at least 21 days within which to consider the Plan and
          the Release. 


          



     	4.	
          The Company has advised me of my statutory right to revoke my acceptance of the
          terms of the Plan and this Release at any time within seven (7) days of my
          signing of this Release. 


          



     	5.	
          I warrant and represent that my decision to accept the Plan (including this
          Release) was (a) entirely voluntary on my part; (b) not made in reliance on
          any inducement, promise or representation, whether express or implied, other
          than the inducements, representations and promises expressly set forth in the
          Plan or in the Release; and (c) did not result from any threats or other
          coercive activities to induce acceptance of the Plan or Release. 


          



In the event I decide to exercise my
right to revoke within seven (7) days of my acceptance of this Release, I warrant and
represent that I will do the following: (1) notify the Company in writing of my
intent to revoke my agreement, and (2) simultaneously return in full the
consideration received from the Company under the Plan. 



	

	JLG Industries, Inc.	Page A-1 
	Executive Severance Plan	October 15, 2006 











I further warrant and represent that
I fully understand and appreciate the consequence of my signing this Release. 



IN WITNESS WHEREOF, I hereby
acknowledge receipt of consideration and execute the foregoing agreement at___, this____
day of____________, 20_. 




	 	
_______________________________
                                                                 
          [name of employee]








	 	
Witnessed
by _______________ on this _____ day of ____________, 20_. 








	 	
_______________________________
                                                                       
          WITNESS







 








	

	JLG Industries, Inc.	Page A-2 
	Executive Severance Plan	October 15, 2006