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                                                                   EXHIBIT 10.23

                                IDEX CORPORATION
                             STOCK OPTION AGREEMENT

NAME:                               PLAN:  IDEX CORPORATION INCENTIVE AWARD PLAN
ADDRESS:                            GRANT: OPTION TO PURCHASE ________ SHARES OF
                                            COMMON STOCK

                                    EXERCISE PRICE: $

TAXPAYER
IDENTIFICATION NUMBER:              GRANT DATE:

SIGNATURE:

Effective on the Grant Date you have been granted an the option to purchase the
number of shares of Common Stock of the Company at the exercise price designated
above, in accordance with the provisions of the IDEX Corporation Incentive Award
Plan (the "Plan"). This option may be exercised for whole shares only.

This option will vest and may be exercised in accordance with the following
schedule:

            25% of the shares subject to the option will be vested on the first
            anniversary of the Grant Date, and 25% shall vest on the date of
            each anniversary thereafter, with full vesting on the fourth
            anniversary of the Grant Date.

In the event of the termination of your employment or service for any reason,
whether such termination is occasioned by you, by the Company or any of its
Subsidiaries, with or without cause or by mutual agreement ("Termination of
Service"), your right to vest in your option under the Plan, if any, will
terminate effective as of the earlier of: (i) the date that you give or are
provided with written notice of Termination of Service, or (ii) if you are an
employee of the Company or any of its Subsidiaries, the date that you are no
longer actively employed and physically present on the premises of the Company
or any of its Subsidiaries, regardless of any notice period or period of pay in
lieu of such notice required under any applicable statute or the common law
(each, the "Notice Period"). For greater clarity, you have no rights to vest in
your option during the Notice Period.

Notwithstanding the foregoing, this option shall be fully vested and be
exercisable upon your Termination of Service by reason of death, Disability, or
Retirement, or upon a Change in Control of the Company. "Retirement" means your
voluntary Termination of Service on or after accruing at least five Years of
Service with the Company and attaining an age of at least 50, if the sum of your
age and Years of Service is at least 70. "Years of Service" means the number of
full years that you have been employed by or providing service to the Company or
any of its Subsidiaries.

The option may not be exercised until vested. Once vested, the option may be
exercised in whole or any part, at any time. However, a vested option must be
exercised, if at all, prior to the earlier of:

      (a)   one year following your Termination of Service with the Company or
            any of its Subsidiaries by reason of death, Retirement or
            Disability;

      (b)   90 days following your last day of active employment or service with
            or for the Company or any Subsidiary for any reason other than
            death, Disability or Retirement; for this purpose your last day of
            active employment or service will be deemed to occur on the date of
            the closing of the sale of all or substantially all of the stock or
            assets of a Subsidiary for which you are employed at the time of the
            transaction;

      (c)   one year following the effective date of a Change in Control, unless
            waived by the Committee;

      (d)   the tenth anniversary of the Grant Date;

and if not exercised prior thereto shall terminate and no longer be exercisable.

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The option will be deemed exercised upon your completing the exercise procedures
established by the Company and your payment of the option exercise price per
share and any applicable tax withholding to the Company. Payment may be made in
cash or such other method as the Company may permit from time to time as set
forth in the Plan.

Notwithstanding anything in the Plan to the contrary and in accordance with
Section 4.1(b) of the Plan, if you are a resident for tax purposes in Brazil or
China (PRC), you may exercise your option only by placing a market sell order
with a broker with respect to shares of Common Stock then issuable upon exercise
of the option as described in Section 5.1(c) of the Plan.

The Company has the authority to deduct or withhold, or require you to remit to
the Company, an amount sufficient to satisfy applicable federal, state, local
and foreign taxes arising from this option. You may satisfy your tax obligation,
in whole or in part, by either: (i) electing to have the Company withhold shares
otherwise to be delivered with a fair market value equal to the minimum amount
of the tax withholding obligation; or (ii) surrendering to the Company
previously owned Common Stock with a fair market value equal to the minimum
amount of the tax withholding obligation. If you are subject to United Kingdom
income tax and/or national insurance contributions, the Company or any
Subsidiary may withhold or collect any income tax and national insurance
contributions: (i) by deduction from salary or any other payment payable to you
at any time on or after the day an income tax charge arises in respect of an
option; (ii) directly from you by payment of cleared funds; or (iii) by
arranging for the sale of some of the shares of Common Stock to which you are
entitled following the exercise of your option.

This option is not transferable except by will or the laws of descent and
distribution.

You acknowledge and consent to the collection, use, processing and transfer of
personal data as described in this paragraph. The Company, its affiliates and
your employer hold certain personal information, including your name, home
address and telephone number, date of birth, social security number or other
employee tax identification number, salary, nationality, job title, any shares
of stock awarded, cancelled, purchased, vested, unvested or outstanding in your
favor, for the purpose of managing and administering the Plan ("Data"). The
Company and its affiliates will transfer Data to any third parties assisting the
Company in the implementation, administration and management of the Plan. These
recipients may be located in the European Economic Area, or elsewhere such as
the United States. You authorize them to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Plan,
including any requisite transfer of such Data as may be required for the
administration of the Plan and/or the subsequent holding of shares of stock on
your behalf to a broker or other third party with whom you may elect to deposit
any shares of stock acquired pursuant to the Plan. You may, at any time, review
Data, require any necessary amendments to it or withdraw the consent herein in
writing by contacting the Company; however, withdrawing the consent may affect
your ability to participate in the Plan.

Your participation in the Plan is voluntary. The value of the option is an
extraordinary item of compensation outside the scope of your employment
contract, if any. As such, the option is not part of normal or expected
compensation for purposes of calculating any severance, resignation, redundancy,
end of service payments, bonuses, long-service awards, pensions or retirement
benefits or similar payments unless specifically and otherwise provided. Rather,
the awarding of an option under the Plan represents a mere investment
opportunity.

This option is granted under and governed by the terms and conditions of the
Plan. You acknowledge and agree that the Plan is discretionary in nature and may
be amended, cancelled, or terminated by the Company, in its sole discretion, at
any time. The grant of an option under the Plan is a one-time benefit and does
not create any contractual or other right to receive a grant of options or
benefits in lieu of options in the future. Future grants of options, if any,
will be at the sole discretion of the Company, including, but not limited to,
the timing of the grant, the number of stock options, vesting provisions, and
the exercise price. The Plan has been introduced voluntarily by the Company and
in accordance with the provisions of the Plan may be terminated by the Company
at any time. By execution of this Agreement, you consent to the provisions of
the Plan and this Agreement. Defined terms used herein shall have the meaning
set forth in the Plan, unless otherwise defined herein.

COMPANY:

IDEX CORPORATION

___________________________________________________
By: Frank J. Notaro
    Vice President - General Counsel and Secretary

                                        2<PAGE>

                                                                   EXHIBIT 10.24

                                IDEX CORPORATION

                        RESTRICTED STOCK AWARD AGREEMENT

NAME:                               PLAN:  IDEX CORPORATION INCENTIVE AWARD PLAN
ADDRESS:

                                    GRANT: _______ SHARES OF COMMON STOCK (THE "
                                           RESTRICTED STOCK")
TAXPAYER
IDENTIFICATION NUMBER:
                                    GRANT DATE:

SIGNATURE:

Effective on the Grant Date you have been granted the Restricted Stock, in
accordance with the provisions of the IDEX Corporation Incentive Award Plan (the
"Plan") and subject to the restrictions, terms and conditions set forth herein.

The Restricted Stock will fully vest and no longer be subject to the restriction
of this Agreement on the fourth anniversary of the Grant Date.

In the event of the termination of your employment or service for any reason,
whether such termination is occasioned by you, by the Company or any of its
Subsidiaries, with or without cause or by mutual agreement ("Termination of
Service"), your right to receive and/or vest in Restricted Stock under the Plan,
if any, will terminate effective as of the earlier of: (i) the date that you
give or are provided with written notice of Termination of Service, or (ii) if
you are an employee of the Company or any of its Subsidiaries, the date that you
are no longer actively employed and physically present on the premises of the
Company or any of its Subsidiaries, regardless of any notice period or period of
pay in lieu of such notice required under any applicable statute or the common
law (each, the "Notice Period"). For greater clarity, you have no rights to
receive and/or vest in Restricted Stock during the Notice Period.

Notwithstanding the foregoing, this award shall be fully vested upon your
Termination of Service by reason of death, Disability, or Retirement, or upon a
Change in Control of the Company. "Retirement" means your voluntary Termination
of Service on or after accruing at least five (5) Years of Service with the
Company and attaining an age of at least 50, if the sum of your age and Years of
Service is at least 70. "Years of Service" means the number of full years that
you have been employed by or providing service to the Company or any of its
Subsidiaries.

This award is not transferable except by will or the laws of descent and
distribution.

The Company will cause to be issued one or more stock certificates, registered
in your name, evidencing the Restricted Stock of your Restricted Stock Award.
Each such certificate will bear the following legend:

            The shares of stock represented by this certificate are subject to
            forfeiture and the transferability of this certificate and the
            shares of stock represented hereby are subject to the restrictions,
            terms and conditions (including restrictions against transfer)
            contained in the IDEX Corporation Incentive Award Plan and a
            Restricted Stock Award Agreement dated [the Grant Date], entered
            into between the registered owner of such shares and IDEX
            Corporation. A copy of the Agreement is on file in the office of the
            Secretary of IDEX Corporation, Suite 400, 630 Dundee Road,
            Northbrook, Illinois 60062.

Each such certificate, together with stock powers duly executed in blank related
to such Restricted Stock, will be deposited with the Secretary of the Company or
a custodian designated by the Secretary. The Secretary or custodian will issue a
receipt to you evidencing the certificates held that are registered in your
name. Until such certificates have been issued and registered in your name, you
will not be deemed for any purpose to be, or have rights as, a Company
shareholder by virtue of this award. After such time, you will receive all
dividends paid on and will be entitled to vote the Restricted Stock. Following
the vesting of any of your Restricted Stock, the Company will cause to be issued
and delivered to you certificates evidencing such Restricted Stock, free of the
legend provided above.

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The Company has the authority to deduct or withhold, or require you to remit to
the Company, an amount sufficient to satisfy applicable federal, state, local
and foreign taxes arising from this Restricted Stock Award. You may satisfy your
tax obligation, in whole or in part, by either: (i) electing to have the Company
withhold shares of your Restricted Stock otherwise to be delivered with a fair
market value equal to the minimum amount of the tax withholding obligation; or
(ii) surrendering to the Company previously owned Restricted Stock with a fair
market value equal to the minimum amount of the tax withholding obligation. If
you are subject to United Kingdom income tax and/or national insurance
contributions, the Company or any Subsidiary may withhold or collect any income
tax and national insurance contributions: (i) by deduction from salary or any
other payment payable to you at any time on or after the day an income tax
charge arises in respect of a Restricted Stock Award; (ii) directly from you by
payment of cleared funds; or (iii) by arranging for the sale of some of the
shares of Restricted Stock to which you are entitled.

You acknowledge and consent to the collection, use, processing and transfer of
personal data as described in this paragraph. The Company, its affiliates and
your employer hold certain personal information, including your name, home
address and telephone number, date of birth, social security number or other
employee tax identification number, salary, nationality, job title, any shares
of stock awarded, cancelled, purchased, vested, unvested or outstanding in your
favor, for the purpose of managing and administering the Plan ("Data"). The
Company and its affiliates will transfer Data to any third parties assisting the
Company in the implementation, administration and management of the Plan. These
recipients may be located in the European Economic Area, or elsewhere such as
the United States. You authorize them to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Plan,
including any requisite transfer of such Data as may be required for the
administration of the Plan and/or the subsequent holding of shares of stock on
your behalf to a broker or other third party with whom you may elect to deposit
any shares of stock acquired pursuant to the Plan. You may, at any time, review
Data, require any necessary amendments to it or withdraw the consent herein in
writing by contacting the Company; however, withdrawing the consent may affect
your ability to participate in the Plan.

Your participation in the Plan is voluntary. The value of the Restricted Stock
Award is an extraordinary item of compensation outside the scope of your
employment contract, if any. As such, the Restricted Stock Award is not part of
normal or expected compensation for purposes of calculating any severance,
resignation, redundancy, end of service payments, bonuses, long-service awards,
pensions or retirement benefits or similar payments unless specifically and
otherwise provided. Rather, the awarding of Restricted Stock under the Plan
represents a mere investment opportunity.

This Restricted Stock Award is granted under and governed by the terms and
conditions of the Plan. You acknowledge and agree that the Plan is discretionary
in nature and may be amended, cancelled, or terminated by the Company, in its
sole discretion, at any time. The grant of a Restricted Stock Award under the
Plan is a one-time benefit and does not create any contractual or other right to
receive an award of Restricted Stock or benefits in lieu of Restricted Stock in
the future. Future awards of Restricted Stock, if any, will be at the sole
discretion of the Company, including, but not limited to, the timing of the
award, the number of shares, vesting provisions, and the exercise price. The
Plan has been introduced voluntarily by the Company and in accordance with the
provisions of the Plan may be terminated by the Company at any time. By
execution of this Agreement, you consent to the provisions of the Plan and this
Agreement. Defined terms used herein shall have the meaning set forth in the
Plan, unless otherwise defined herein.

COMPANY:

IDEX CORPORATION

___________________________________________________
By: Frank J. Notaro
    Vice President - General Counsel and Secretary

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