Document:

GEHL
COMPANY/_____________________ 
2007 
SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT  

        THIS
AGREEMENT, made this 23rd day of February, 2007, by and between
GEHL COMPANY, West Bend, Wisconsin (hereinafter referred to as the
“Company”), and  , of West Bend, Wisconsin (hereinafter referred to as
the “Employee”): 

W I T N E S S E T H:  

        WHEREAS,
the Employee is currently employed by the Company in the capacity of Vice President
and in such position can contribute materially to its continued growth and development and
to its future financial success; and 

        WHEREAS,
the Company desires to insure insofar as possible that the Company will have the benefit
of the Employee’s full services and executive capacities for future years; 

        NOW,
THEREFORE, in consideration of services rendered by the Employee to the Company, it is
agreed as follows: 

        Section
1.    Definitions. 

        (a)              “Average
Monthly Compensation” means one-sixtieth (1/60th) of the           Employee’s
base salary and cash bonus from the Company for the highest five           (5) calendar
years within the last ten (10) completed calendar years           preceding the date
of the Employee’s termination of employment with the           Company. In the event
the Employee does not have five (5) calendar years of           employment, only the
number of full months from the date of hire through the           December preceding
termination of employment shall be used to determine Average           Monthly
Compensation. Cash bonus means the cash distributed to the Employee           during a
calendar year pursuant to the Company “SVA” Shareholder Value           Added
or similar incentive/bonus compensation program. Base salary and cash           bonus for
this purpose include any salary reduction deferrals pursuant to a cash           or
deferred arrangement or a cafeteria plan pursuant to Internal Revenue Code           (“Code”)
Sections 401(k) or 125.  

        (b)              “Beneficiary” means
the person, trust and/or other entity designated           by the Employee on the form
most recently filed with the Secretary of the           Company prior to the Employee’s
death. In the absence of a valid           designation, the Beneficiary shall be the
Employee’s estate.  

        (c)              “Disability
means a physical or mental condition which totally and           presumably permanently
prevents the Employee from engaging in any substantially           gainful activity as
determined in accordance with Section 4.03 of the Gehl           Company Retirement
Income Plan “B”.  

        (d)              “Vested
Percentage” means the percentage of the supplemental           retirement benefit in
Section 2 earned by the Employee, subject in any event to           the forfeiture
provision of Section 4 and the change in control provision of           Section 5. The
Vested Percentage is one hundred percent (100%) in any of the           following
circumstances:  

	 	(i) 	after
the Employee completes five (5) years of Vesting Service; 

	 	(ii) 	if
the Employee suffers a Disability; or 

	 	(iii) 	if
the Employee retires from the Company after attainment of age           sixty-two (62). 

In the event the Employee does not
have a Vested Percentage of one hundred percent (100%), he shall receive ten percent (10%)
vesting for each complete year of Vesting Service. 

        (e)              “Vesting
Service” means the period of the Employee’s consecutive           employment
with the Company from January 1, 1986, through the date of           termination of
employment.  

        Section
2.    Supplemental Retirement Benefits. 

        (a)              The
amount of the monthly supplemental retirement benefit shall be the           Employee’s
Vested Percentage times an amount equal to [thirty] [forty]           percent [30%] [40%]
of the Employee’s Average Monthly Compensation.  

        (b)              The
monthly supplement shall be payable to the Employee commencing as of the           first
day of the month following the earlier to occur of:  

	 	(i) 	age
sixty-five (65); or 

	 	(ii) 	the
later of termination of employment from the Company or age           sixty two (62). 

The supplement shall continue to be
paid to the Employee for a period of fifteen (15) years. 

        (c)              In
the event the Employee commences receiving the supplement but dies prior to           the
end of the payment period, the remaining monthly payments in the fifteen
          (15)-year period shall be made to the Beneficiary.  

        (d)              In
the event the Employee dies after termination of employment from the Company
          but prior to the commencement of benefits pursuant to (b) above, the monthly
          supplement calculated pursuant to subsection (a) above shall be paid to the
          Beneficiary for the fifteen (15)-year period commencing as of the first day of
          the month following the later to occur of the Employee’s death or the date
          the Employee would have attained (or if applicable, did attain) age sixty-two
          (62).  

2 

        Section
3.    Pre-Retirement Death Benefit. 

        (a)              In
the event the Employee dies prior to commencement of the supplemental
          retirement benefit under Section 2(b) above and while employed by the Company,
a           pre-retirement death benefit shall be paid to the Beneficiary in lieu of any
          payment pursuant to Section 2 above.  The amount and form of such
          pre-retirement death benefit shall be pursuant to either (b) or (c) below,
          depending upon which subsection is determined by the Company to provide the
          larger benefit.  Such determination shall be made by the Company by
          comparing the present values of the benefits as of the date of the
          Employee’s death, using as the applicable discount rate the interest rate
          that would be used under the Gehl Company Retirement Income Plan “B”          to
calculate the amount of a lump sum distribution to be made on such date of
          death.  

        (b)              The
alternative pre-retirement death benefit payable pursuant to this subsection           is
comprised of five (5) annual payments, the first being due as of the last day
          of the month following the month of the Employee’s death and the remaining
          payments being due on successive anniversaries of the first payment due
          date.  The amount of each of the five (5) payments shall be forty percent
          (40%) of the Employee’s Average Monthly Compensation, annualized, as of
the           Employee’s date of death.  

        (c)              The
alternative pre-retirement death benefit payable pursuant to this subsection           is
the benefit that would have been paid to the Beneficiary pursuant to Section
          2(d) if the Employee had terminated employment immediately prior to the
          Employee’s death.  

        Section
4.    Non-Competition Requirement. Employee agrees that for a period of two (2) years
after termination of active employment hereunder, the Employee shall not, except as
permitted by the Company’s prior written consent, engage in, be employed by, or in
any way advise or act for, or have any financial interest in any business which is a
competitor of the Company. The ownership of minority and non-controlling shares of any
corporation whose shares are listed on a recognized stock exchange or traded in an
over-the-counter market shall not be deemed as constituting a financial interest in such
corporation. If the Employee shall fail to comply with any of the foregoing conditions, he
shall forfeit all right to any payments pursuant to Section 2 hereof which would otherwise
be payable to him thereafter. 

        Section
5.    Change of Control. Notwithstanding the definition of Vested Percentage in
Section 1 hereof, an Employee shall be one hundred percent (100%) vested, subject to
Section 4, in the event there is a change of control of the Company. For purposes of this
Agreement, a “change in control of the Company” occurs when: 

	 	(i) 	securities
of GEHL representing 25% or more of the combined voting power of                GEHL’s
then outstanding voting securities are acquired pursuant to a tender                offer
or an exchange offer; or 

3 

	 	(ii) 	the
shareholders of GEHL approve a merger or consolidation of GEHL with any
               other corporation as a result of which less than fifty percent (50%) of
the                outstanding voting securities of the surviving or resulting entity are
owned by                the former shareholders of GEHL (other than a shareholder who is
an                “affiliate,” as defined under rules promulgated under the
Securities                Act of 1933, as amended, of any party to such consolidation or
merger); or 

	 	(iii) 	the
shareholders of GEHL approve the sale of substantially all of GEHL’s
               assets to a corporation which is not a wholly-owned subsidiary of GEHL; or 

	 	(iv) 	any
person becomes the “beneficial owner,” as defined under rules
               promulgated under the Securities Exchange Act of 1934, as amended,
directly or                indirectly, of securities of GEHL representing twenty-five
percent (25%) or more                of the combined voting power of GEHL’s then
outstanding securities the                effect of which (as determined by the Board) is
to take over control of GEHL; or 

	 	(v) 	during
any period of two consecutive years, individuals who, at the beginning of
               such period, constituted the Board of Directors of GEHL cease, for any
reason,                to constitute at least a majority thereof, unless the election or
nomination for                election of each new director was approved by the vote of
at least two-thirds of                the directors then still in office who were
directors at the beginning of the                period. 

        Section
6.    No Rights of Employment. Nothing herein contained shall be deemed to confer upon
the Employee any right to continue in the employ of the Company nor to interfere with the
right of the Company to terminate his employment at any time. 

        Section
7.    Employee’s Rights Non-Assignable. Neither the Employee nor the Beneficiary
shall have the power to transfer, assign, anticipate, mortgage, or otherwise encumber in
advance any of the payments provided in this Agreement; nor shall any of said payments nor
any assets of the Company, including any insurance policies owned by the Company, be
subject to seizure for the payment of any of the recipient’s debts, judgments or
other obligations arising by operation of law or in the event of bankruptcy, insolvency or
otherwise. 

        Section
8.    Company Not Required to Fund This Agreement. The Company is not obligated to set
aside or credit the Employee or the Beneficiary with funds to provide for the payment of
the amounts due under this Agreement, and nothing in this Agreement shall be construed as
creating a trust fund of any kind for the benefit of the Employee or the Beneficiary. 

        Section
9.    Administration. This Agreement shall be administered by the Gehl Company
Compensation and Benefits Committee (herein referred to as the “Committee”). If
the Employee is also a Committee member, he shall abstain from any deliberations or vote
on any matter in connection with this Agreement. 

4 

        Section
10.    Successors and Assigns. This Agreement shall inure to and be binding upon the
successors and assigns of the Company. 

        Section
11.    Acceleration. In the event that payment of the benefits provided by Section 2
hereunder is accelerated in a present value payment pursuant to the Employee’s Change
in Control and Severance Agreement, all other benefits and provisions hereof shall be
deemed terminated. 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
above written. 

	Attest:	GEHL COMPANY
	

__________________________________	__________________________________
		Its:  Chairman of the Board and
		        Chief Executive Officer
	

 	EMPLOYEE
	

__________________________________	__________________________________
	Witness as to
	__________________________________

5Exhibit 10.9 to Lenox Group Inc. Form 10-Q for period ended March 31, 2007

Exhibit 10.9

AMENDMENT NO. 2 TO CONSULTING AGREEMENT

AMENDMENT NO. 2 to CONSULTING AGREEMENT, dated as
of April 5, 2007, to be effective as of March 16, 2007 (“Amendment No. 2
”), by and between Lenox Group Inc., with principal offices at One Village Place, 6436 City West Parkway, Eden
Prairie, MN 55344 (“LGI” or the “Company”) and Carl Marks
Advisory Group LLC, with principal offices at 900 Third Avenue, New York, NY 10022 (“CMAG” or “
Consultant”).  

WHEREAS, LGI and CMAG have heretofore entered
into a Consulting Agreement dated January 4, 2007, as amended by Amendment No. 1 dated January 12, 2007, pursuant to which CMAG
has been rendering management consulting services (as so amended, the “Consulting Agreement”); 

WHEREAS, CMAG has substantially completed the tasks set forth in the Consulting Agreement described as “Phase 1” therein;

WHEREAS, LGI now desires to engage the financial and management consulting services of CMAG under “Phase II” to assist LGI in the implementation of the restructuring business plan and recommendations produced during Phase I; and

WHEREAS, CMAG has agreed to provide such financial and management consulting services subject to the terms and conditions set forth in the Consulting Agreement, as modified by the terms and conditions of this Amendment No. 2.

NOW, THEREFORE, in consideration of the above premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

	
            1.
 	
            Scope
 

Section 2 (captioned “Scope”) of the Consulting Agreement is hereby amended to replace the last two paragraphs pertaining to Phase 2 thereof to read as follows:

“Phase 2: CMAG will lead, and assist LGI and its personnel in, the implementation of the restructuring business plan and other Phase 1 recommendations, as approved by the Board of Directors on March 13, 2007 (collectively, as may be amended from time to time by the Board of Directors with the input of CMAG, the “Approved Plan”), with Marc L. Pfefferle continuing on a substantially full-time basis as the interim Chief Executive Officer. CMAG will provide the necessary manpower as follows, and as approved by the Board of Directors, to successfully implement the Approved Plan. Each CMAG associates’ individual tenure may be adjusted by mutual agreement of CMAG and LGI upon 30 days’ written advance notice, as improvement projects are completed and as associated overall workload is reduced.

“Managing Director Bret Rattray will act initially as interim manager and subsequently will assist LGI management to implement the business plan and process improvements at Lenox Brands;

“Managing Director Walt Denekas will assist LGI management to implement financial and business process improvements and departmental consolidations;

“Managing Director Ed
Spinelli will serve as interim manager for manufacturing and assist LGI management to implement supply chain improvements,
including the consolidation of the Company’s Rogers, MD distribution center into its Hagerstown, MD) facility;

“Managing Director John Given will assist LGI management to implement product sourcing improvements;

“Managing Director Don Stires will assist LGI management to implement operational and financial improvements at Department 56; and

“Managing Director Tyler Montague will assist LGI management to implement the management information systems consolidations and upgrades.

“CMAG will provide update reports to the Board of Directors as reasonably requested.”

	
            2.
 	
            Compensation
 

Section 4 (captioned “Compensation”) of the Consulting Agreement is hereby amended as follows:

(a)       To replace the paragraph with respect to compensation to be paid during Phase 2 to read as follows:

“Phase 2: LGI shall pay CMAG
for its consulting services a fixed fee of (i) $90,000 per monthly period for Marc L. Pfefferle as interim Chief Executive Officer
and (ii) $50,000 per monthly period for each CMAG associate as required to perform the services as outlined in Section 2, or pro
rata amount for any agreed adjusted service in accordance with Section 2 (as amended by Amendment No. 2 to this Agreement). LGI
shall pay the fixed monthly fee to CMAG in advance, one half on each of the first and fifteenth day of each monthly period in
which consulting services are to be provided.”

(b)      To replace the last paragraph (with respect to compensation to be paid as a “Success Fee”) to read as follows:

“In addition, CMAG shall be entitled to the following success fees (“Success Fees” as defined below) that shall be paid in cash and earned in full when each Success Fee target (the “Target”) has been achieved:

“CMAG shall earn and be paid
a Success Fee of up to $2 million in aggregate upon the achievement of the following Targets and operational objectives based upon
the Approved Plan, which Targets are independently established and the achievement of each is independent of the achievement of
the others. In the event of a “Change in Control” (as defined in the Company’s 2004 Stock Incentive Plan) of the
Company in 2007 prior to the achievement of all of the Targets, then any portion of the Success Fee not yet paid at the time of
such Change in Control will be deemed to be earned and payable immediately upon the closing of such Change in Control. The
percentage of the total dollar Success Fee earned for each Target is stated below:

2 

	
             
 	
            1.
 	
2007 Implemented
Cost Reductions (20% of Success Fee Target) – Scaleable on a straight-line basis, starting at 0% for zero cost
savings up to 20% for LGI’s implementation of 100% of the budgeted dollar value of cost savings targeted to be implemented
per the Approved Plan during 2007. Measurement of savings implemented will be on the basis determined in the Approved Plan, or for
any above-Plan savings, on a consistent and reasonable basis. This Success Fee component will be calculated and paid based on cost
savings that have been implemented, no later than two (2) weeks after the date that LGI’s audited financial statements for
2007 are issued.
 

 

	
             
 	
            2.
 	
EBITDA Performance
(35% of Success Fee Target) – EBITDA will be measured so as to exclude all restructuring and one-time costs applied
on the basis presented in the Approved Plan. For the avoidance of doubt, the parties agree that the portion of the consulting fees
and expenses paid and to be paid to CMAG for the services of Messrs. Pfefferle, Rattray, Denekas and Spinelli in their roles
as interim managers, but only to the extent of the normalized compensation (i.e., salary, bonus and benefits) and travel and
entertainment expenses for the positions filled by them, as set for the in the Approved Plan, shall be included in the calculation
of EBITDA for purposes of calculating this Target. Scaleable on a straight-line basis from 0% earned beginning at 85% of 2007
planned EBITDA up to 20% for achievement of 100% of planned 2007 EBITDA; this Success Fee component will be calculated and paid no
later than two (2) weeks after the date that LGI’s 2007 audited financial statements are issued. 
 

 

	
             
 	
            3.
 	
Improvement in
LGI’s Stock Price Over the Immediate to Mid-term (15% of Success Fee Target) – Measured as 3% of appreciation
of total market capitalization between (i) the date of CMAG’s hire (defined as the number of outstanding shares on January 4,
2007 multiplied by the midpoint between the closing stock prices on January 4, 2007 and January 5, 2007, or $5.41 per share), and
(ii) December 31, 2007 (defined as the number of outstanding shares on such date multiplied by the simple arithmetic average of
all of the closing prices per share of the Company’s common stock, as reported on the New York Stock Exchange for each
trading day in the period from December 1, 2007 through December 31, 2007); this Success Fee component will be calculated and paid
no later than January 15, 2008.
 

 

	
             
 	
            4.
 	
Completion and
Closing of any “Multi-year” Credit Agreement Refinancing (20% of Success Fee Target) – This Success Fee
component will be calculated and paid no later than two (2) weeks following the completion of any such refinancing.

 

	
             
 	
            5.
 	
Completion of
Organizational Restructuring Including the Hiring of a New Chief Marketing Officer (“CMO”) and new Chief Executive
Officer (“CEO”) (10% of Success Fee Target) – This Success Fee component will be paid on the first
business day following the six-month anniversary of the completion of the organization restructuring as set forth in the Approved
Plan, it being understood that a committee of the board of directors will be involved in approving the hiring of both the CMO and
CEO.
 

 

3 

	
             
 	
            6.
 	
Overall
Performance – At the reasonable discretion of the Board of Directors, the Board may grant CMAG an additional Success
Fee and/or make up for any shortfall between CMAG’s Success Fees earned in Targets 1 through 5 above and the $2 million
Success Fee aggregate for CMAG’s exceptional performance, as measured by LGI profit performance above plan or increases in
stock price or enterprise value. It is the intention of the parties that CMAG should be rewarded for such exceptional
performance.”
 

 

	
            3.
 	
            Continued Binding Effect of Agreement
 

Except as specifically modified in
this Amendment No. 2, the Consulting Agreement as heretofore amended shall continue in full force and effect and, as modified
herein, shall be binding in all respects on the parties hereto.

IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first written
above.

	 	LENOX GROUP INC. 
	 
	    	By:    	/s/   Stewart M. Kasen 
	 	 	Stewart M. Kasen
Non-Executive Chairman of the Board
	 
	 
	 	CARL MARKS ADVISORY GROUP LLC 
	 
	    	By:    	/s/   Marc L. Pfefferle 
	 	 	Marc L. Pfefferle
Partner
	 
	 

4

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