Document:

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                                                                   Exhibit 10.25

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                                 SPX CORPORATION

                          SUPPLEMENTAL RETIREMENT PLAN

                               FOR TOP MANAGEMENT

                    (As Amended and Restated January 1, 2002)

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                                TABLE OF CONTENTS
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ARTICLE I   DEFINITIONS .................................................... 2
         1.1      Actuarial Equivalent ..................................... 2
         1.2      Affiliated Company or Affiliate .......................... 2
         1.3      Beneficiary .............................................. 2
         1.4      Board .................................................... 3
         1.5      Code ..................................................... 3
         1.6      Company .................................................. 3
         1.7      Committee or Compensation Committee ...................... 3
         1.8      Continuous Service ....................................... 3
         1.9      Early Retirement Date .................................... 4
         1.10     Employee ................................................. 4
         1.11     Final Average Pay ........................................ 4
         1.12     Normal Retirement Age .................................... 4
         1.13     Normal Retirement Date ................................... 4
         1.14     Participant .............................................. 4
         1.15     Plan ..................................................... 5
         1.16     SPX Qualified Plan ....................................... 5
         1.17     SPX Qualified Plan Benefit ............................... 5
         1.18     Supplemental IARP ........................................ 5
         1.19     Surviving Spouse ......................................... 5
         1.20     Top Management Retirement Benefit ........................ 5
         1.21     Vested ................................................... 5

ARTICLE II  ELIGIBILITY .................................................... 6
         2.1      Participation ............................................ 6
         2.2      Top Hat Requirements and Reduction in Status ............. 6
         2.3      Removal From Participation ............................... 6

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ARTICLE III  TOP MANAGEMENT RETIREMENT BENEFITS ............................  7
         3.1      Normal Retirement ........................................  7
         3.2      Early Retirement .........................................  7
         3.3      Alternate Benefit ........................................  8
         3.4      Form of Benefit ..........................................  8
         3.5      Commencement of Benefit ..................................  8
         3.6      Actuarial Equivalent .....................................  8
         3.7      Source of Benefit Payments ...............................  8

ARTICLE IV  TOP MANAGEMENT PRE RETIREMENT
            DEATH BENEFIT ..................................................  9
         4.1      Survivor Benefits ........................................  9

ARTICLE V  ADMINISTRATION OF THE PLAN ...................................... 11
         5.1      Administration by the Company ............................ 11
         5.2      General Power of Administration .......................... 11

ARTICLE VI  AMENDMENT OR TERMINATION ....................................... 12
         6.1      Amendment or Termination ................................. 12
         6.2      Effect of Amendment or Termination ....................... 12

ARTICLE VII  GENERAL PROVISIONS ............................................ 13
         7.1      Funding .................................................. 13
         7.2      General Conditions ....................................... 13
         7.3      No Guaranty of Benefits .................................. 13
         7.4      No Enlargement of Employee Rights ........................ 13
         7.5      Spendthrift Provision .................................... 13
         7.6      Applicable Law ........................................... 13
         7.7      Automatic Cashout ........................................ 14
         7.8      Incapacity of Recipient .................................. 14
         7.9      Corporate Successor ...................................... 14
         7.10     Unclaimed Benefit ........................................ 14
         7.11     Limitations on Liability ................................. 14

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                                                                           page

         7.12     Duties of Participants, Spouses of Participants,
                     Beneficiaries, and Surviving Spouses .................. 14

ARTICLE VIII  CHANGE-OF-CONTROL ............................................ 15
         8.1      Benefit Rights Under Change-of-Control ................... 15
         8.2      Definition of Change-of-Control .......................... 15
         8.3      Excess Parachute Payments by the Company ................. 15

ARTICLE IX  SPECIAL PROVISIONS ............................................. 19

APPENDIX A  Special Provisions for Peter M. Turner, Donald H. Johnson,
               and A. David Joseph (Group "A" Participants) ................ 21
APPENDIX B  Special Provisions for Budd Werner and Curt Atkisson
               ("Group B Participants") .................................... 22
APPENDIX C  Special Provisions for Dale Johnson ............................ 23
APPENDIX D  Special Provisions for David Reynolds .......................... 24
APPENDIX E  Special Provisions for John Tyson .............................. 25
APPENDIX F  Special Provisions for Fred Florjancic ......................... 26

TABLE A     Actuarial Factors .............................................. 27

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                                 SPX CORPORATION

                          SUPPLEMENTAL RETIREMENT PLAN
                               FOR TOP MANAGEMENT

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The SPX Corporation Supplemental Retirement Plan For Top Management (the "Plan")
was adopted effective October 22, 1985, amended from time to time thereafter and
is now amended and restated, effective as of January 1, 2002. The Plan is
established and maintained by SPX Corporation for the purpose of providing
supplemental retirement income benefits to a limited number of top management
employees largely responsible for enhancing the earnings and growth of SPX
Corporation. Accordingly, SPX Corporation hereby adopts the Plan pursuant to the
terms and provisions set forth below.

The provisions set forth in this Plan are applicable only to Employees in the
employ of SPX Corporation on or after the effective date of such provisions.
Employees who retired with benefits commencing prior to such date, or who became
disabled or separated from the employ of SPX Corporation prior to that date, or
an eligible beneficiary of such Employees, shall be eligible for the benefits,
if any, under the Plan as it existed at the time of retirement, disability or
separation; or as subsequently amended to specifically apply to such prior
occurrences.

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                                    ARTICLE I
                                   DEFINITIONS
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     Wherever used herein the following terms shall have the meanings
hereinafter set forth. Words in the masculine gender shall include the feminine
and the singular shall include the plural, and vice versa, unless qualified by
the context. Any headings used herein are included for ease of reference only,
and are not to be construed so as to alter the terms hereof.

     1.1 "Actuarial Equivalent" means a benefit having the same value as the
benefit it replaces. Actuarial equivalency shall be determined on the basis of
the following assumptions:

     (a)  For purposes of converting a 100% joint and survivor annuity at Normal
          Retirement Age to a lump sum or a lump sum at any age to a 100% joint
          and survivor annuity at Normal Retirement Age or at any other time,
          (i) mortality shall be based upon the table prescribed in Code Section
          417(e)(3)(A)(ii)(I), (ii) the ages of the Participant and the
          Participant's spouse shall be their actual ages and (iii) the assumed
          interest rate shall be the annual interest on 30-year Treasury
          securities, as published by the Board of Governors of the Federal
          Reserve System, for the November prior to the Plan Year during the
          which the distribution is made.

     (b)  For purposes of converting a 100% joint and survivor annuity into a
          single life annuity, the factors set forth in Table A (attached
          hereto) shall be applied. If a Participant is not married, such
          application shall be based on the assumption that the Participant is
          married and that he and his spouse are the same age. If a Participant
          is married, such application shall be based on the actual ages of the
          Participant and the his spouse. For purposes of converting into any
          other optional annuity form of benefit available under the Plan, the
          100% joint and survivor annuity shall first be converted into a single
          life annuity, as describe above, after which the actuarial factors set
          forth in Appendix A of the SPX Qualified Plan (as amended) shall be
          applied.

     1.2 "Affiliated Company" or "Affiliate" means any corporation, trade or
business entity which is a member of a controlled group of corporations, trades
or businesses, or an affiliated service group, of which the Company is also a
member, as provided in Code Sections 414(b),(c),(m) or (o).

     1.3 "Beneficiary" means a Participant's Beneficiary under the SPX Qualified
Plan, or any person or persons designated by a Participant to receive benefits
payable in the event of the Participant's death before benefits under the Plan
begin, or to receive the survivor benefits under any joint and survivor benefit
option after benefits under the Plan begin. Any separate designation of a
Beneficiary under this Plan shall not be effective for any purpose unless and
until it has been filed by the Participant with the Committee on a form approved
by the

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Committee. In the event that a Participant shall not have a Beneficiary, or if
for any reason a Beneficiary designation shall be legally ineffective, or if
such Beneficiary predeceases the Participant, then, for purposes of the Plan,
payments shall be made to the first surviving class, and in equal shares if
there are more than one in each class, of the following classes of preference
beneficiaries: Participant's widow or widower, surviving children, surviving
parents, surviving brothers or sisters, legal representative, provided that if
no legal representative is duly appointed and qualified within six months of the
date of death of a deceased Participant, then payment shall be made to such
persons as, at the date of the Participant's death, would be entitled to share
in the distribution of such deceased Participant's estate under the provisions
of the statute governing the descent of intestate property, then in force and
effect in the state of Participant's residence. A Participant may, from time to
time, on a form approved by and filed with the Committee, change the
Beneficiary, provided that once benefit payments have commenced to be paid to a
Participant, his designation of a Beneficiary may only be changed for the period
certain and life benefit as described at Section 6.8, Option 5 of the SPX
Qualified Plan. If payments under a period certain and life benefit have
commenced to a Participant's designated Beneficiary and the Beneficiary dies
before all payments under such form of payment have been made, any remaining
payments shall be made to the Beneficiary's estate.

     A Participant's spouse shall no longer be eligible for the Top Management
Retirement Benefit provided in Section 4.1(a) on the date of entry of a judgment
of divorce from that spouse, provided that a Participant may designate a former
spouse as his Beneficiary in a written designation filed with the Committee
after the date of entry of the judgment of divorce and before his death.

     1.4 "Board" means the Board of Directors of the Company.

     1.5 "Code" means the Internal Revenue Code of 1986, as amended from time to
time, and any regulations relating thereto.

     1.6 "Committee" or "Compensation Committee" means the Compensation
Committee of the Board of Directors of SPX Corporation.

     1.7 "Company" means (a) SPX Corporation, a Delaware corporation, (b) any
Affiliated Company or Affiliate provided that such Affiliated Company or
Affiliate shall, subsequent to December 31, 1999, have been included in the
definition of Company only to the extent so designated by the officer of SPX
Corporation responsible for compensation and benefits, or (c), to the extent
provided in Section 7.9 below, any successor corporation or other entity
resulting from a reorganization, merger or consolidation into or with the
Company, or a transfer or sale of substantially all of the assets of the
Company.

     1.8 "Continuous Service" for purposes of this Plan and effective as of
January 1, 2002, shall be equal to a Participant's Continuous Service as shown
on the records of the SPX Qualified Plan. For purposes of this Plan only, in the
event a Participant was employed by a

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business entity acquired by the Company, his Continuous Service Commencement
Date (as that term is defined in the SPX Qualified Plan) shall be the closing
date of such acquisition.

For the application and calculation of Continuous Service or Credited Service
(as that term is defined in the SPX Qualified Plan) for the period prior to
January, 1, 2002, the definitions of Continuous Service and Credited Service in
effect immediately prior to January 1, 2002, shall be used.

     1.9 "Early Retirement Date" means the first day of the month coinciding
with or next following the date on which a Participant or former Participant
meets all of the following requirements:

     o    terminated employment with the Company, prior to attaining Normal
          Retirement Age;

     o    after such Participant is Vested under this Plan; and

     o    when the Participant has attained at least age 55, regardless of
          whether he or she attained such age prior to his termination of
          employment.

     1.10 "Employee" means an employee of the Company or of an Affiliated
Company who is a participant under the SPX Qualified Plan (or any successor or
replacement to the SPX Qualified Plan).

     1.11 "Final Average Pay" shall mean the average monthly pay in the
Participant's highest paid three calendar years out of his last ten calendar
years of Company employment, but with the following modifications:

     (a)  In a Participant's last calendar year of Company employment, Final
          Average Pay will be based on the full year, by annualizing the
          Participant's last rate of pay for that year, and including the bonus
          paid to the Participant during that year.

     (b)  Those items excluded from Compensation under the SPX Qualified Plan
          (including the payment of the "bank" portion of a Participant's SPX
          Corporation Executive EVA Incentive Compensation Plan account as a
          result of termination of employment or Change of Control) shall also
          be excluded from Final Average Pay.

     (c)  For purposes of this Plan, Final Average Pay shall be determined,
          regardless of the limit (if any) provided by Code Section 401(a)(17)
          or any other statutorily imposed limit.

     1.12 "Normal Retirement Age" shall mean the Participant's age sixty-five
(65).

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     1.13 "Normal Retirement Date" means the first day of the month coinciding
with or next following the date on which a Participant terminates employment
with the Company on or after attainment of his Normal Retirement Age.

     1.14 "Participant" means an Employee who is eligible to participate in this
Plan pursuant to Article II hereof.

     1.15 "Plan" means this SPX Corporation Supplemental Retirement Plan For Top
Management.

     1.16 "SPX Qualified Plan" means the SPX Corporation Individual Account
Retirement Plan (formerly known as Pension Plan No. 3) and each predecessor,
successor or replacement to the said SPX Qualified Plan.

     1.17 "SPX Qualified Plan Benefit" means the aggregate benefit payable to
and in respect of a Participant pursuant to the SPX Qualified Plan and any other
tax-qualified (within the meaning of Code Section 401(a)) defined benefit
pension plans (within the meaning of Code Section 414(j)) maintained by the
Company and its Affiliates by reason of his termination of employment with the
Company and all Affiliates. If benefits are paid under this Plan in a different
form than the SPX Qualified Plan Benefit, the SPX Qualified Plan Benefit shall
be determined as an Actuarial Equivalent benefit in the same form. SPX Qualified
Plan Benefits paid prior to payment under this Plan shall (i) in the event of
lump sum payments, be increased by the actual interest credits provided to SPX
Qualified Plan participants between the date of payment under the SPX Qualified
Plan and the date of payment under this Plan, and (ii) in the event of monthly
annuity payments, such payments shall be redetermined as if paid by the SPX
Qualified Plan on Normal Retirement Date or Early Retirement Date under this
Plan. This redetermination shall include actual interest credits provided to SPX
Qualified Plan participants between the date of payment under the SPX Qualified
Plan and the date of payment under this Plan.

     1.18 "Supplemental IARP" shall mean the SPX Corporation Supplemental
Individual Account Retirement Plan.

     1.19 "Surviving Spouse" means the person who is married to a Participant at
the date of his death.

     1.20 "Top Management Retirement Benefit" means the benefit payable to a
Participant, a Surviving Spouse or a Beneficiary pursuant to the terms of this
Plan.

     1.21 "Vested" A Participant shall be Vested in his benefits under this Plan
if he has 5 years of Continuous Service under the SPX Qualified Plan.

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                                   ARTICLE II
                                   ELIGIBILITY
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     2.1 Participation. An Employee shall become a Participant hereunder upon
designation as such by the Compensation Committee. Such designation shall be
made in writing and filed with the records of the Plan. The Compensation
Committee shall promptly notify those employees selected as Participants
hereunder of their participation and anticipated benefits. If a Participant
described in the preceding sentence dies prior to commencement of payment of a
Normal or Early Retirement Benefit hereunder, a Top Management Retirement
Benefit shall be paid, as provided in Article IV.

     2.2 Top Hat Requirements and Reduction in Status. No Employee shall be
designated as a Participant hereunder unless the employee qualifies for
inclusion in a "select group of management or highly compensated employees" as
defined in Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of Employee
Retirement Income Security Act of 1974, as amended ("ERISA"). In the event a
Participant's compensation or level of responsibility is reduced so that such
Participant no longer qualifies for inclusion in a "select group of management
or highly compensated employees," the individual shall cease to be a
Participant. A Vested Participant shall not forfeit benefits accrued to the date
he ceases to be a Participant, while a non-Vested Participant shall forfeit all
rights to benefits under the Plan.

     2.3 Removal From Participation. Except in the event of a Change-of-Control
(as defined in Article VIII), the Compensation Committee may reexamine a
non-Vested Participant's eligibility and make a new determination as to whether
he shall be entitled to continue as a Participant hereunder. If an Employee is
removed from Participation pursuant to this Section 2.3, he and his Surviving
Spouse or Beneficiary shall forfeit all rights to benefits under this Plan, and
shall again be eligible for a benefit (if any) under the Supplemental IARP. The
Compensation Committee shall not be entitled to remove any Vested Participant
from Participation, except as described in Section 2.2 above or in the event of
the termination of the Plan as to all Participants, in which case the
Participant's Vested accrued benefits shall not be forfeitable.

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                                   ARTICLE III
                       TOP MANAGEMENT RETIREMENT BENEFITS
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     3.1 Normal Retirement. The Top Management Retirement Benefit payable to an
eligible Participant on his Normal Retirement Date, shall be a monthly amount in
the form of a 100% joint and survivor annuity equal to the remainder of (a)
minus (b), as described below:

     (a)  60% of Final Average Pay multiplied by a ratio, the numerator of which
          is the Participant's Continuous Service (not to exceed 15) and the
          denominator of which is 15; minus

     (b)  the Participant's SPX Qualified Plan Benefit determined as of the
          Participant's Normal Retirement Date without regard to when such
          benefit is actually paid.

     3.2 Early Retirement. The Top Management Retirement Benefit payable to an
eligible Participant on his Early Retirement Date, shall be a monthly amount
equal to the Top Management Retirement Benefit to which he would be entitled at
his Normal Retirement Date pursuant to Section 3.1 above, with the following
adjustments:

     (a)  Amount If Early Retirement Is Within Five Years of Normal Retirement
          Age. The monthly amount of Early Retirement Benefit payable hereunder
          to a Participant whose Early Retirement Date is within five (5) years
          of his Normal Retirement Age shall be an amount computed in the same
          manner as a benefit under Section 3.1 (without regard to Section
          3.1(b) above) based on his Final Average Pay and Continuous Service as
          of his Early Retirement Date.

     (b)  Amount If Early Retirement Is More Than Five Years From Normal
          Retirement Age. The monthly amount of the Early Retirement Benefit
          payable hereunder to a Participant whose Early Retirement Date is more
          than five years prior to his Normal Retirement Age shall be computed
          in the same manner as a benefit under Section 3.1 above (without
          regard to Section 3.1(b)), based on his Final Average Pay and
          Continuous Service as of his Early Retirement Date, but such amount
          shall be reduced by one-twelfth (1/12) of 3% for each complete
          calendar month by which his first Early Retirement Benefit payment
          precedes his age 60.

     (c)  Reductions for Other Plans. The benefit so determined shall be reduced
          by the SPX Qualified Plan Benefit, or the Actuarial Equivalent
          thereof, if such benefit could not have been paid at such date.

     3.3 Participation in Supplemental IARP. In addition to reducing a
Participant's benefit under the Plan by his SPX Qualified Plan Benefit, such
Plan benefit shall also be reduced by his benefit under the Supplemental IARP,
if any. In the event

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his benefit under the Supplemental IARP is higher than his benefit under the
Plan, he shall receive no benefits from this Plan.

     3.4 Form of Benefit. A Participant may elect to have his Top Management
Retirement Benefit payable in any optional form in which the benefit from the
SPX Qualified Plan is payable to the Participant (including a lump sum payment).
A Participant must make a separate election for this Plan, which need not be the
same as the Participant's election under the SPX Qualified Plan. However, any
option other than the automatic form of benefit under the SPX Qualified Plan
must have been elected at least one year prior to a Participant's Normal or
Early Retirement Date. Failure to elect a different option will result in
payment in the automatic form of benefit under the SPX Qualified Plan.

     3.5 Commencement of Benefit. Payment of the Top Management Retirement
Benefit to a Participant will commence no sooner than a date chosen by a
Participant when the Participant has both terminated employment and attained at
least age 55, even if the Participant has chosen to begin his SPX Qualified Plan
Benefit at an earlier date.

     3.6 Actuarial Equivalent. A Top Management Retirement Benefit which is
payable in any other form or which commences at any time other than the
Participant's Normal Retirement Date, shall be the Actuarial Equivalent of the
Top Management Retirement Benefit set forth in Section 3.1 above.

     3.7 Source of Benefit Payments. Any Top Management Retirement Benefit
payable to a Participant, a Surviving Spouse or a Beneficiary shall be paid by
the Company or from any trust created to provide such benefits.

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                                   ARTICLE IV
                   TOP MANAGEMENT PRE-RETIREMENT DEATH BENEFIT
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     4.1 Survivor Benefits. If a Vested Participant dies before his Top
Management Retirement Benefit has commenced to be paid to him, the Surviving
Spouse or Beneficiary, as shall be applicable, shall receive a Top Management
Retirement Benefit as described below:

     (a)  Surviving Spouse. If the Participant was married at the time of death,
          the Surviving Spouse may elect (unless the Surviving Spouse has
          elected to waive this benefit and receive a payment made from the
          Supplemental IARP instead) (i) a single life annuity for the Surviving
          Spouse's life which is 100% of the Actuarial Equivalent of the
          Participant's Top Management Retirement Benefit, payable as of the
          first day of the month following the date the Participant would have
          attained age 55, or (ii) an Actuarial Equivalent lump sum of the
          Participant's Top Management Retirement Benefit payable to the
          Surviving Spouse as of the first day of the month following the date
          of the Participant's death If the Surviving Spouse dies after the
          Participant but before the Top Management Retirement Benefit is paid
          or commenced to be paid to the Surviving Spouse, the Actuarial
          Equivalent shall be paid in a lump sum to the legal representative of
          such deceased Surviving Spouse; or if there shall be no such legal
          representative duly appointed and qualified within six months of the
          date of death of such deceased Surviving Spouse, then to such person
          as, at the date of the Surviving Spouse's death, would be entitled to
          share in the distribution of such deceased Surviving Spouse's personal
          estate under the provisions of the statute governing the descent of
          intestate property then in force and effect in the state of the
          deceased Surviving Spouse's residence.

     (b)  Other Beneficiary. If the Participant dies before his Top Management
          Retirement Benefit becomes payable and (1) the Participant was not
          married at the date of death or (2) the Participant is married but his
          spouse has consented to the Beneficiary designation under paragraph
          (c) below, an amount equal to the Actuarial Equivalent of the
          Participant's Top Management Retirement Benefit shall be paid to the
          Participant's designated Beneficiary as of the first day of the month
          following the date of the Participant's death.

     (c)  Consent to Designation of Beneficiary. A married Participant may elect
          at any time to designate a non-spouse Beneficiary or to revoke any
          such election at any time. An election by a Participant to designate a
          non-spouse Beneficiary shall not take effect unless the Participant's
          spouse consents in writing to such election, such consent acknowledges
          the effect of such an election and the consent is witnessed by a
          representative of the Plan or a notary public, unless the Participant
          establishes to the satisfaction of the Committee that such consent may
          not be

                                       -9-

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          obtained because there is no spouse, the spouse cannot be located or
          due to other circumstances. The consent by a spouse shall be
          irrevocable and shall be effective only with respect to that spouse.

     (d)  Supplemental Individual Account Retirement Plan Benefit. A spouse (or
          other Beneficiary, if one has been designated by the Participant)
          eligible for a Top Management Retirement Benefit shall receive instead
          a benefit under the Supplemental IARP, in accordance with the terms of
          that plan if that benefit is higher.

                                       -10-

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                                    ARTICLE V
                           ADMINISTRATION OF THE PLAN
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     5.1 Administration by the Company. The Company, acting under the
supervision of the Compensation Committee of its Board of Directors, shall be
responsible for the general operation and administration of the Plan and for
carrying out the provisions thereof.

     5.2 General Powers of Administration. All provisions set forth in the SPX
Qualified Plan with respect to the administrative powers and duties of the
Company and procedures for filing claims shall also be applicable with respect
to the Plan. The Company shall be entitled to rely conclusively upon all tables,
valuations, certificates, opinions and reports furnished by any actuary,
accountant, controller, counsel or other person employed or engaged by the
Company with respect to the Plan.

                                       -11-

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                                   ARTICLE VI
                            AMENDMENT OR TERMINATION
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     6.1 Amendment or Termination. The Company reserves the right, subject to
Article VIII, to amend or terminate the Plan at any time. Any such amendment or
termination shall be made pursuant to a resolution of the Board and shall be
effective as of the date of such resolution or as specified therein.

     6.2 Effect of Amendment or Termination. No amendment or termination of the
Plan shall directly or indirectly deprive any current or former Participant,
Surviving Spouse, or Beneficiary of all or any portion of any Top Management
Retirement Benefit or amount due to a Beneficiary, the payment of which has
commenced prior to the effective date of such amendment or termination, or which
is Vested at the time of such amendment or termination of the Plan. The
Compensation Committee may remove an Employee from Participation as provided in
Section 2.2 and Section 2.3.

                                       -12-

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                                   ARTICLE VII
                               GENERAL PROVISIONS
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     7.1 Funding. The Plan at all times shall be entirely unfunded within the
meaning of ERISA and the Code and the Company shall not be required at any time
to segregate any assets of the Company for payment of any benefits hereunder. No
Participant, Surviving Spouse, Beneficiary, or any other person shall have any
interest in any particular assets of the Company by reason of the right to
receive a benefit under the Plan and any such Participant, Surviving Spouse,
Beneficiary, or other person shall have only the rights of a general unsecured
creditor of the Company with respect to any rights under the Plan.

     7.2 General Conditions. Except as otherwise expressly provided herein, all
terms and conditions of the SPX Qualified Plan or such other plan applicable to
a SPX Qualified Plan Benefit shall also be applicable to a Top Management
Retirement Benefit. Any SPX Qualified Plan Benefit shall be paid solely in
accordance with the terms and conditions of the SPX Qualified Plan or such other
plan and nothing in this Plan shall operate or be construed in any way to
modify, amend or affect the terms and provisions of the SPX Qualified Plan or
such other plan.

     7.3 No Guaranty of Benefits. Nothing contained in the Plan shall constitute
a guaranty by the Company or any other entity or person that the assets of the
Company will be sufficient to pay any benefit hereunder.

     7.4 No Enlargement of Employee Rights. No Participant, Surviving Spouse, or
Beneficiary shall have any right to a benefit under the Plan except in
accordance with the terms of the Plan. Establishment of the Plan shall not be
construed to give any Participant the right to be retained in the service of the
Company.

     7.5 Spendthrift Provision. No interest of any person or entity in, or right
to receive a benefit under, the Plan shall be subject in any manner to sale,
transfer, assignment, pledge, attachment, garnishment, or other alienation or
encumbrance of any kind; nor may such interest or right to receive a benefit be
taken, either voluntarily or involuntarily, for the satisfaction of the debts
of, or other obligations or claims against, such person or entity, including
claims for alimony, support, separate maintenance and claims in bankruptcy
proceedings.

     7.6 Applicable Law. The Plan shall be construed and administered under the
laws of the State of North Carolina, except as preempted by ERISA.

     7.7 Automatic Cashout. Notwithstanding anything in the Plan to the
contrary, if at the time any Top Management Retirement Benefit begins the
Actuarial Equivalent lump sum is less than $100,000, the Company shall pay the
actuarial value of such benefit to the Participant,

                                       -13-

<PAGE>

Surviving Spouse or Beneficiary in a single lump sum in lieu of any further
benefit payments hereunder.

     7.8 Incapacity of Recipient. If any person entitled to a benefit payment
under the Plan is deemed by the Company to be incapable of personally receiving
and giving a valid receipt for such payment, then, unless and until claim
therefor shall have been made by a duly appointed guardian or other legal
representative of such person, the Company may provide for such payment or any
part thereof to be made to any other person or institution then contributing
toward or providing for the care and maintenance of such person. Any such
payment shall be deemed to be a payment for the account of such person and a
complete discharge of any liability of the Company and the Plan therefor.

     7.9 Corporate Successor. The Plan shall not be automatically terminated by
a transfer or sale of assets of the Company or by the reorganization, merger or
consolidation of the Company into or with any other corporation or other entity,
but the Plan shall be continued after such transfer, sale, reorganization,
merger or consolidation only if and to the extent that the transferee, purchaser
or successor entity agrees to continue the Plan, except as set forth in Article
VIII. In the event that the Plan is not continued by the transferee, purchaser
or successor entity, then the Plan shall terminate subject to the provisions of
Section 6.2.

     7.10 Unclaimed Benefit. Each Participant shall keep the Company informed of
his current address and the current address of his spouse. The Company shall not
be obligated to search for the whereabouts of any person. If the location of a
Participant is not made known to the Company within three (3) years after the
date on which payment of the Participant's Top Management Retirement Benefit may
first be made, payment may be made as though the Participant had died at the end
of the three-year period. If, within one additional year after such three-year
period has elapsed, or, within three years after the actual death of a
Participant, the Company is unable to locate any Surviving Spouse or Beneficiary
of the Participant, then the Company shall have no further obligation to pay any
benefit hereunder to such Participant, Surviving Spouse, Beneficiary or any
other person and such benefit shall be irrevocably forfeited.

     7.11 Limitations on Liability. Notwithstanding any of the preceding
provisions of the Plan, neither the Company nor any individual acting as an
employee or agent of the Company shall be liable to any Participant, former
Participant, Surviving Spouse, Beneficiary or any other person for any claim,
loss, liability or expense incurred in connection with the Plan.

     7.12 Duties of Participants, Spouses of Participants, Beneficiaries, and
Surviving Spouses. The Participant and the spouse or Surviving Spouse of a
Participant or Beneficiary shall, as a condition of receiving benefits under
this Plan, be obligated to provide the Compensation Committee with such
information as the Compensation Committee shall require in order to calculate
benefits under this Plan.

                                       -14-

<PAGE>

--------------------------------------------------------------------------------
                                  ARTICLE VIII
                                CHANGE-OF-CONTROL
--------------------------------------------------------------------------------

     8.1 Benefit Rights Upon Change-of-Control.

     (a) Notwithstanding any other provision of the Plan to the contrary, in the
event of a Change-of-Control, all Participants shall immediately become Vested
in their accrued benefits under this Plan, and the Company or any successor
shall be prohibited from amending or terminating the Plan in any manner so as to
deprive, directly or indirectly, any current or former Participant, Surviving
Spouse, or Beneficiary of all or any portion of any Top Management Retirement
Benefit which has commenced prior to the effective date of such amendment or
termination, or which would be payable if the Participant's employment
terminated for any reason, including death, on such effective date.

     (b) (i) Each Participant whose employment terminates, or (ii) in the event
that the Plan is terminated following a Change-of-Control, each current or
former Participant, Surviving Spouse, or Beneficiary shall be paid immediately a
lump sum amount. This amount shall be the Actuarial Equivalent of any benefit
the payment of which has commenced prior to the effective date of any such
termination, or which would be payable upon any termination pursuant to a
severance agreement or which would be payable if the Participant's employment
terminated on the effective date of any Plan termination. Provided, however,
that upon termination of employment with the Company, such Participant's benefit
rights under the Plan shall be determined only after taking into account the
effect of any severance agreement between the Company and the Participant (as
such severance agreement may provide additional terms and conditions with
respect to such benefit rights under the Plan).

     8.2 Definition of Change-of-Control. For purposes of this Plan, a "Change
of Control" shall have the same meaning as set forth in the SPX Corporation
Executive EVA Incentive Compensation Plan.

     8.3 Excess Parachute Payments by the Company.

     (a) Anything in this Plan to the contrary notwithstanding, in the event it
shall be determined that any payment or distribution by the Company to or for
the benefit of a Participant (whether paid or payable or distributed or
distributable pursuant to the terms of this Plan or otherwise, but determined
without regard to any additional payments required under this Section 8.3 (a
"Payment") would be subject to the excise tax imposed by Section 4999 of the
Code or if any interest or penalties are incurred by the Participant with
respect to such excise tax (such excise tax, together with any such interest and
penalties, being hereinafter collectively referred to as the "Excise Tax"), then
the Participant shall be entitled to receive an additional payment (a "Gross-Up
Payment") in an amount such that, after payment by the Participant of all taxes
(including any interest or penalties imposed with respect to such taxes),
including, without

                                       -15-

<PAGE>

limitation, any income taxes (and any interest and penalties imposed with
respect thereto) and 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 Payment.

     (b) Subject to the provisions of paragraph (c) below, all determinations
required to be made under this Section 8.3, including whether and when a
Gross-Up Payment is required and the amount of such Gross-Up Payment and the
assumptions to be utilized in arriving at such determination, shall be made by
the accounting firm which is then serving as the auditors for the Company (the
"Accounting Firm"), which shall provide detailed supporting calculations to both
the Company and the Participant within fifteen (15) business days of the receipt
of notice from the Participant that there has been a Payment, or such earlier
time as is required by the Company. In the event that the Accounting Firm is
serving as accountant or auditor for the individual, entity or group effecting
the Change of Control, the Participant shall appoint another nationally
recognized accounting firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All
fees and expenses of the Accounting Firm shall be borne solely by the Company.
Any Gross-Up Payments, as determined pursuant to this Section 8.3 shall be paid
by the Company to the Participant within five (5) days of the receipt of the
Accounting Firm's determination. If the Accounting Firm determines that no
Excise Tax is payable by the Participant, it shall furnish the Participant with
a written opinion that failure to report the Excise Tax on the Participant's
applicable federal income tax return would not result in the imposition of a
negligence or similar penalty. Any good faith determination by the Accounting
Firm shall be binding upon the Company and the Participant. As a result of the
uncertainty in the application of Section 4999 of the Code at the time of the
initial determination by the Accounting Firm hereunder, it is possible that
Gross-Up Payments which will not have been made by the Company should have been
made ("Underpayment"), consistent with the calculations required to be made
hereunder. In the event that the Company exhausts its remedies pursuant to
paragraph (c) below, and the Participant thereafter is required to make a
payment of any Excise Tax, the Accounting Firm shall determine the amount of the
Underpayment that has occurred and any such Underpayment shall be promptly paid
by the Company to or for the benefit of the Participant. Further, such
Underpayment shall include all interest and penalties assessed to the
Participant for the failure to report and pay the Excise Tax on Participant's
income tax return and shall place Participant in a position as if such
Underpayment and associated Excise Tax were properly reported and paid.

     (c) The Participant shall notify the Company in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Company of a Gross-Up Payment. Such notification shall be given as soon as
practicable but no later than fifteen (15) business days after the Participant
is informed in writing of such claim and shall apprise the Company of the nature
of such claim and the date on which such claim is requested to be paid. The
Participant shall not pay such claim prior to the expiration of the thirty
(30)-day period following the date on which Participant gives such notice to the
Company (or such shorter period ending on the date that any payment of taxes
with respect to such claim is due). If the Company notifies the Participant in
writing prior to the expiration of such period that it desires to contest such
claim, the Participant shall:

                                       -16-

<PAGE>

           (i) Give the Company any information reasonably requested by the
               Company relating to such claim,

          (ii) Take such action in connection with contesting such claim as the
               Company shall reasonably request in writing from time to time,
               including, without limitation, accepting legal representation
               with respect to such claim by an attorney reasonably selected by
               the Company,

         (iii) Cooperate with the Company in good faith in order to effectively
               contest such claim, and

          (iv) Permit the Company to participate in any proceedings relating to
               such claim;

provided, however, that the Company shall bear and pay directly all costs and
expenses (including additional interest and penalties) incurred in connection
with such contest and shall indemnify and hold the Participant harmless, on an
after-tax basis, for any Excise Tax or income tax (including interest and
penalties with respect thereto) imposed as a result of such representation and
payment of costs and expenses. Without limiting the foregoing provision of this
paragraph (c), the Company shall control all proceedings taken in connection
with such contest and, at its sole option, may pursue or forego any and all
administrative appeals, proceedings, hearings, and conferences with the taxing
authority in respect of such claim and may, at its sole option, either direct
the Participant to pay the tax claimed and sue for a refund or contest the claim
in any permissible manner; and the Participant agrees to prosecute such contest
to a determination before any administrative tribunal, in a court of initial
jurisdiction and in one or more appellate courts, as the Company shall
determine; provided, however, that if the Company directs the Participant to pay
such claim and sue for a refund, the Company shall advance the amount of such
payment to the Participant on an interest-free basis and shall indemnify and
hold the Participant harmless, on an after-tax basis, from any Excise Tax or
income tax (including interest or penalties with respect thereto) imposed with
respect to such advance or with respect to any imputed income with respect to
such advance; and further provided that any extension of the statute of
limitations relating to payment of taxes for the taxable year of the Participant
with respect to which such contested amount is claimed to be due is limited
solely to such contested amount. Furthermore, the Company's control of the
contest shall be limited to issues with respect to which a Gross-Up Payment
would be payable hereunder and the Participant shall be entitled to settle or
contest, as the case may be, any other issue raised by the Internal Revenue
Service or any other taxing authority.

     (d) If, after the receipt by the Participant of an amount advanced by the
Company pursuant to paragraph (c) above, the Participant becomes entitled to
receive any refund with respect to such claim, the Participant shall (subject to
the Company's complying with the requirements of said paragraph (c)) promptly
pay to the Company the amount of such refund (together with any interest paid or
credited thereon, after taxes applicable thereto). If, after the

                                       -17-

<PAGE>

receipt by the Participant of an amount advanced by the Company pursuant to said
paragraph (c), a determination is made that the Participant shall not be
entitled to any refund with respect to such claim and the Company does not
notify the Participant in writing of its intent to contest such denial of refund
prior to the expiration of thirty (30) days after such determination, then such
advance shall be forgiven and shall not be required to be repaid; and the amount
of such advance shall offset, to the extent thereof, the amount of the Gross-Up
Payment required to be paid.

                                       -18-

<PAGE>

--------------------------------------------------------------------------------
                                   ARTICLE IX
                               SPECIAL PROVISIONS
--------------------------------------------------------------------------------

     The Company may determine to provide special benefits for any Participant
as set forth in separate documents which may be appended hereto. To the extent
that the Company has so determined, the Participant shall be entitled to the
benefits provided in such documents, and to the extent that there is any
inconsistency between this Plan and such document, such other document will
govern.

                                       -19-

<PAGE>

     IN WITNESS WHEREOF, the Company has adopted this amended and restated SPX
Corporation Supplemental Retirement Plan for Top Management effective as of
January 1, 2002.

                                        SPX CORPORATION

                                        By: __________________________________

                                        Its: _________________________________

                                       -20-

<PAGE>

                                     TABLE A

                                Actuarial Factors
                                -----------------

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             20          21          22          23          24          25         26          27          28          29
<S>               <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>         <C>         <C>
    20            1.0486      1.0469      1.0451      1.0434      1.0417      1.0400     1.0383      1.0367      1.0351      1.0336
    21            1.0524      1.0506      1.0487      1.0469      1.0451      1.0433     1.0415      1.0398      1.0381      1.0364
    22            1.0565      1.0546      1.0526      1.0507      1.0487      1.0468     1.0450      1.0431      1.0413      1.0395
    23            1.0609      1.0589      1.0568      1.0547      1.0527      1.0507     1.0487      1.0467      1.0448      1.0429
    24            1.0656      1.0635      1.0613      1.0591      1.0570      1.0548     1.0527      1.0506      1.0486      1.0465
    25            1.0707      1.0684      1.0661      1.0639      1.0616      1.0593     1.0571      1.0549      1.0527      1.0505
    26            1.0761      1.0737      1.0713      1.0689      1.0665      1.0642     1.0618      1.0594      1.0571      1.0548
    27            1.0819      1.0794      1.0769      1.0744      1.0719      1.0694     1.0668      1.0644      1.0619      1.0594
    28            1.0880      1.0855      1.0828      1.0802      1.0776      1.0749     1.0723      1.0697      1.0670      1.0644
    29            1.0946      1.0919      1.0892      1.0865      1.0837      1.0809     1.0782      1.0754      1.0726      1.0699
    30            1.1017      1.0989      1.0960      1.0932      1.0903      1.0874     1.0845      1.0816      1.0786      1.0757
    31            1.1092      1.1063      1.1033      1.1003      1.0973      1.0943     1.0912      1.0882      1.0851      1.0820
    32            1.1172      1.1142      1.1111      1.1080      1.1049      1.1017     1.0985      1.0953      1.0921      1.0888
    33            1.1257      1.1226      1.1194      1.1162      1.1129      1.1096     1.1063      1.1029      1.0995      1.0961
    34            1.1347      1.1315      1.1283      1.1249      1.1215      1.1181     1.1146      1.1111      1.1076      1.1040
    35            1.1444      1.1411      1.1377      1.1342      1.1307      1.1272     1.1235      1.1199      1.1162      1.1125
    36            1.1547      1.1513      1.1478      1.1442      1.1406      1.1369     1.1331      1.1293      1.1254      1.1215
    37            1.1656      1.1621      1.1585      1.1548      1.1510      1.1472     1.1433      1.1393      1.1353      1.1312
    38            1.1773      1.1737      1.1699      1.1661      1.1622      1.1583     1.1542      1.1501      1.1459      1.1417
    39            1.1897      1.1860      1.1821      1.1782      1.1742      1.1701     1.1659      1.1616      1.1572      1.1528
    40            1.2029      1.1991      1.1951      1.1911      1.1869      1.1827     1.1783      1.1739      1.1694      1.1648
    41            1.2170      1.2130      1.2090      1.2048      1.2005      1.1961     1.1916      1.1871      1.1824      1.1776
    42            1.2320      1.2279      1.2237      1.2194      1.2150      1.2105     1.2059      1.2011      1.1963      1.1913
    43            1.2478      1.2437      1.2394      1.2350      1.2304      1.2257     1.2210      1.2161      1.2110      1.2059
    44            1.2647      1.2604      1.2560      1.2514      1.2467      1.2419     1.2370      1.2319      1.2267      1.2214
    45            1.2825      1.2781      1.2735      1.2689      1.2640      1.2591     1.2540      1.2488      1.2434      1.2379
    46            1.3012      1.2967      1.2921      1.2873      1.2823      1.2772     1.2720      1.2666      1.2611      1.2554
    47            1.3211      1.3165      1.3117      1.3067      1.3016      1.2964     1.2910      1.2854      1.2797      1.2739
    48            1.3420      1.3373      1.3324      1.3273      1.3221      1.3167     1.3111      1.3054      1.2995      1.2934
    49            1.3641      1.3593      1.3542      1.3490      1.3436      1.3381     1.3324      1.3265      1.3204      1.3141
    50            1.3875      1.3825      1.3773      1.3720      1.3664      1.3607     1.3548      1.3488      1.3425      1.3360
    51            1.4122      1.4070      1.4017      1.3962      1.3905      1.3847     1.3786      1.3724      1.3659      1.3593
    52            1.4383      1.4330      1.4276      1.4219      1.4161      1.4100     1.4038      1.3974      1.3907      1.3838
    53            1.4659      1.4605      1.4549      1.4491      1.4431      1.4369     1.4305      1.4239      1.4170      1.4099
    54            1.4953      1.4897      1.4840      1.4780      1.4718      1.4654     1.4588      1.4520      1.4450      1.4377
    55            1.5264      1.5207      1.5148      1.5087      1.5023      1.4958     1.4890      1.4819      1.4747      1.4672
    56            1.5596      1.5538      1.5477      1.5414      1.5349      1.5281     1.5211      1.5138      1.5063      1.4986
    57            1.5950      1.5890      1.5828      1.5763      1.5695      1.5626     1.5554      1.5479      1.5402      1.5322
    58            1.6329      1.6267      1.6203      1.6136      1.6067      1.5995     1.5920      1.5843      1.5764      1.5681
    59            1.6735      1.6671      1.6605      1.6536      1.6464      1.6390     1.6314      1.6234      1.6152      1.6067
    60            1.7171      1.7105      1.7036      1.6965      1.6892      1.6815     1.6736      1.6654      1.6569      1.6481
    61            1.7639      1.7571      1.7501      1.7427      1.7351      1.7273     1.7191      1.7106      1.7018      1.6927
    62            1.8144      1.8073      1.8001      1.7925      1.7846      1.7765     1.7680      1.7593      1.7502      1.7407
    63            1.8687      1.8614      1.8539      1.8461      1.8379      1.8295     1.8208      1.8117      1.8023      1.7925
    64            1.9271      1.9196      1.9118      1.9037      1.8953      1.8866     1.8775      1.8681      1.8584      1.8482
    65            1.9900      1.9822      1.9741      1.9657      1.9570      1.9480     1.9386      1.9288      1.9187      1.9082
    66            2.0574      2.0493      2.0409      2.0322      2.0232      2.0138     2.0040      1.9939      1.9834      1.9725
    67            2.1294      2.1210      2.1123      2.1033      2.0939      2.0841     2.0740      2.0635      2.0525      2.0412
    68            2.2066      2.1979      2.1888      2.1794      2.1697      2.1595     2.1490      2.1381      2.1267      2.1149
    69            2.2900      2.2809      2.2715      2.2617      2.2516      2.2410     2.2301      2.2187      2.2068      2.1946
    70            2.3806      2.3711      2.3613      2.3511      2.3406      2.3296     2.3181      2.3062      2.2939      2.2811
</TABLE>

                                       -21-

<PAGE>

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             30          31          32          33          34          35          36          37          38          39
<S>               <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>
    20            1.0321      1.0306      1.0292      1.0278      1.0264      1.0251      1.0238      1.0226      1.0214      1.0203
    21            1.0348      1.0332      1.0317      1.0302      1.0287      1.0273      1.0259      1.0246      1.0233      1.0221
    22            1.0378      1.0361      1.0344      1.0328      1.0312      1.0297      1.0282      1.0267      1.0254      1.0240
    23            1.0410      1.0392      1.0374      1.0356      1.0339      1.0323      1.0307      1.0291      1.0276      1.0262
    24            1.0445      1.0426      1.0406      1.0388      1.0369      1.0351      1.0334      1.0317      1.0301      1.0285
    25            1.0483      1.0462      1.0442      1.0422      1.0402      1.0383      1.0364      1.0346      1.0328      1.0311
    26            1.0525      1.0502      1.0480      1.0459      1.0438      1.0417      1.0397      1.0377      1.0358      1.0340
    27            1.0570      1.0546      1.0522      1.0499      1.0476      1.0454      1.0433      1.0411      1.0391      1.0371
    28            1.0619      1.0593      1.0568      1.0543      1.0519      1.0495      1.0472      1.0449      1.0427      1.0405
    29            1.0671      1.0644      1.0617      1.0591      1.0565      1.0539      1.0514      1.0490      1.0466      1.0443
    30            1.0728      1.0700      1.0671      1.0643      1.0615      1.0588      1.0561      1.0534      1.0509      1.0484
    31            1.0790      1.0759      1.0729      1.0699      1.0669      1.0640      1.0611      1.0583      1.0556      1.0528
    32            1.0856      1.0824      1.0792      1.0760      1.0728      1.0697      1.0667      1.0636      1.0607      1.0578
    33            1.0927      1.0893      1.0860      1.0826      1.0792      1.0759      1.0726      1.0694      1.0662      1.0631
    34            1.1004      1.0969      1.0933      1.0897      1.0862      1.0826      1.0791      1.0757      1.0723      1.0689
    35            1.1087      1.1049      1.1012      1.0974      1.0936      1.0899      1.0862      1.0825      1.0789      1.0753
    36            1.1176      1.1136      1.1097      1.1057      1.1017      1.0978      1.0938      1.0899      1.0860      1.0822
    37            1.1271      1.1230      1.1188      1.1146      1.1104      1.1063      1.1021      1.0979      1.0938      1.0897
    38            1.1374      1.1330      1.1287      1.1243      1.1199      1.1154      1.1110      1.1066      1.1023      1.0979
    39            1.1484      1.1438      1.1392      1.1346      1.1300      1.1253      1.1207      1.1160      1.1114      1.1068
    40            1.1601      1.1554      1.1506      1.1458      1.1409      1.1360      1.1311      1.1262      1.1213      1.1164
    41            1.1728      1.1678      1.1628      1.1578      1.1527      1.1475      1.1424      1.1372      1.1320      1.1268
    42            1.1863      1.1811      1.1759      1.1707      1.1653      1.1599      1.1545      1.1490      1.1436      1.1381
    43            1.2007      1.1953      1.1899      1.1844      1.1788      1.1732      1.1675      1.1618      1.1560      1.1502
    44            1.2160      1.2105      1.2048      1.1991      1.1933      1.1874      1.1814      1.1754      1.1693      1.1632
    45            1.2323      1.2265      1.2207      1.2147      1.2086      1.2025      1.1962      1.1899      1.1836      1.1772
    46            1.2496      1.2436      1.2375      1.2313      1.2250      1.2186      1.2121      1.2054      1.1988      1.1920
    47            1.2678      1.2617      1.2554      1.2489      1.2424      1.2357      1.2289      1.2220      1.2150      1.2079
    48            1.2872      1.2808      1.2743      1.2676      1.2608      1.2538      1.2467      1.2395      1.2322      1.2248
    49            1.3077      1.3011      1.2944      1.2874      1.2803      1.2731      1.2657      1.2582      1.2506      1.2428
    50            1.3294      1.3226      1.3156      1.3084      1.3011      1.2936      1.2859      1.2781      1.2701      1.2620
    51            1.3524      1.3454      1.3381      1.3307      1.3231      1.3153      1.3073      1.2992      1.2909      1.2824
    52            1.3768      1.3695      1.3620      1.3543      1.3465      1.3384      1.3301      1.3216      1.3130      1.3042
    53            1.4027      1.3951      1.3874      1.3795      1.3713      1.3629      1.3543      1.3455      1.3365      1.3274
    54            1.4301      1.4224      1.4144      1.4062      1.3977      1.3890      1.3801      1.3710      1.3617      1.3521
    55            1.4594      1.4514      1.4431      1.4346      1.4259      1.4169      1.4077      1.3982      1.3885      1.3785
    56            1.4906      1.4823      1.4738      1.4650      1.4560      1.4466      1.4371      1.4272      1.4172      1.4068
    57            1.5239      1.5154      1.5066      1.4975      1.4881      1.4785      1.4685      1.4583      1.4479      1.4371
    58            1.5596      1.5508      1.5417      1.5323      1.5226      1.5126      1.5023      1.4917      1.4808      1.4697
    59            1.5979      1.5887      1.5793      1.5696      1.5596      1.5492      1.5385      1.5276      1.5163      1.5047
    60            1.6390      1.6296      1.6198      1.6098      1.5994      1.5886      1.5776      1.5662      1.5544      1.5424
    61            1.6833      1.6735      1.6634      1.6530      1.6422      1.6311      1.6196      1.6078      1.5956      1.5830
    62            1.7310      1.7209      1.7104      1.6996      1.6884      1.6769      1.6650      1.6527      1.6400      1.6270
    63            1.7824      1.7719      1.7611      1.7499      1.7383      1.7263      1.7139      1.7011      1.6879      1.6743
    64            1.8378      1.8269      1.8156      1.8040      1.7919      1.7795      1.7666      1.7533      1.7396      1.7255
    65            1.8973      1.8860      1.8743      1.8622      1.8497      1.8368      1.8234      1.8095      1.7952      1.7805
    66            1.9612      1.9495      1.9373      1.9247      1.9117      1.8982      1.8843      1.8699      1.8550      1.8396
    67            2.0295      2.0173      2.0046      1.9915      1.9780      1.9640      1.9494      1.9344      1.9189      1.9029
    68            2.1027      2.0900      2.0768      2.0632      2.0491      2.0345      2.0193      2.0037      1.9875      1.9708
    69            2.1818      2.1686      2.1549      2.1407      2.1260      2.1107      2.0949      2.0786      2.0617      2.0442
    70            2.2678      2.2540      2.2397      2.2249      2.2095      2.1936      2.1771      2.1600      2.1423      2.1241
</TABLE>

                                      -22-

<PAGE>

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             40          41          42          43          44          45          46         47          48          49
<S>               <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>         <C>
    20            1.0192      1.0182      1.0172      1.0162      1.0153      1.0144      1.0136     1.0128      1.0120      1.0113
    21            1.0209      1.0198      1.0187      1.0176      1.0166      1.0156      1.0147     1.0139      1.0130      1.0122
    22            1.0227      1.0215      1.0203      1.0192      1.0181      1.0170      1.0160     1.0151      1.0141      1.0133
    23            1.0248      1.0234      1.0221      1.0209      1.0197      1.0185      1.0174     1.0164      1.0154      1.0144
    24            1.0270      1.0255      1.0241      1.0228      1.0215      1.0202      1.0190     1.0179      1.0168      1.0157
    25            1.0295      1.0279      1.0263      1.0249      1.0234      1.0221      1.0208     1.0195      1.0183      1.0172
    26            1.0322      1.0304      1.0288      1.0272      1.0256      1.0241      1.0227     1.0213      1.0200      1.0188
    27            1.0351      1.0333      1.0315      1.0297      1.0280      1.0264      1.0248     1.0233      1.0219      1.0206
    28            1.0384      1.0364      1.0344      1.0325      1.0307      1.0289      1.0272     1.0256      1.0240      1.0225
    29            1.0420      1.0398      1.0377      1.0356      1.0336      1.0317      1.0298     1.0280      1.0263      1.0247
    30            1.0459      1.0435      1.0412      1.0390      1.0368      1.0347      1.0327     1.0308      1.0289      1.0271
    31            1.0502      1.0476      1.0451      1.0427      1.0404      1.0381      1.0359     1.0338      1.0318      1.0298
    32            1.0549      1.0521      1.0494      1.0468      1.0443      1.0418      1.0394     1.0371      1.0349      1.0328
    33            1.0600      1.0571      1.0541      1.0513      1.0486      1.0459      1.0433     1.0408      1.0384      1.0361
    34            1.0657      1.0624      1.0593      1.0562      1.0533      1.0504      1.0476     1.0448      1.0422      1.0397
    35            1.0718      1.0683      1.0649      1.0616      1.0584      1.0553      1.0523     1.0493      1.0465      1.0437
    36            1.0785      1.0748      1.0711      1.0676      1.0641      1.0607      1.0574     1.0542      1.0511      1.0481
    37            1.0857      1.0818      1.0779      1.0740      1.0703      1.0666      1.0631     1.0596      1.0563      1.0530
    38            1.0936      1.0894      1.0852      1.0811      1.0771      1.0731      1.0693     1.0655      1.0619      1.0584
    39            1.1022      1.0977      1.0932      1.0888      1.0845      1.0803      1.0761     1.0721      1.0681      1.0643
    40            1.1115      1.1067      1.1019      1.0972      1.0926      1.0880      1.0836     1.0792      1.0750      1.0708
    41            1.1217      1.1165      1.1114      1.1064      1.1014      1.0966      1.0918     1.0871      1.0825      1.0780
    42            1.1326      1.1272      1.1218      1.1164      1.1111      1.1058      1.1007     1.0956      1.0907      1.0858
    43            1.1444      1.1386      1.1329      1.1272      1.1215      1.1159      1.1104     1.1050      1.0996      1.0944
    44            1.1571      1.1510      1.1449      1.1388      1.1328      1.1268      1.1209     1.1151      1.1093      1.1037
    45            1.1707      1.1642      1.1578      1.1513      1.1449      1.1385      1.1322     1.1260      1.1198      1.1138
    46            1.1852      1.1784      1.1716      1.1648      1.1580      1.1512      1.1444     1.1378      1.1312      1.1247
    47            1.2008      1.1936      1.1864      1.1792      1.1719      1.1647      1.1576     1.1505      1.1434      1.1365
    48            1.2173      1.2098      1.2022      1.1946      1.1869      1.1793      1.1717     1.1641      1.1566      1.1492
    49            1.2350      1.2271      1.2191      1.2110      1.2030      1.1949      1.1868     1.1788      1.1708      1.1628
    50            1.2538      1.2455      1.2371      1.2286      1.2201      1.2116      1.2030     1.1945      1.1860      1.1775
    51            1.2739      1.2651      1.2563      1.2474      1.2385      1.2295      1.2204     1.2114      1.2023      1.1933
    52            1.2952      1.2861      1.2769      1.2676      1.2581      1.2486      1.2391     1.2295      1.2199      1.2104
    53            1.3180      1.3085      1.2989      1.2891      1.2792      1.2692      1.2591     1.2490      1.2389      1.2287
    54            1.3424      1.3324      1.3223      1.3121      1.3017      1.2912      1.2806     1.2699      1.2592      1.2485
    55            1.3684      1.3580      1.3475      1.3368      1.3259      1.3148      1.3037     1.2925      1.2811      1.2698
    56            1.3963      1.3855      1.3744      1.3632      1.3518      1.3403      1.3285     1.3167      1.3048      1.2928
    57            1.4261      1.4149      1.4034      1.3917      1.3797      1.3676      1.3553     1.3429      1.3303      1.3176
    58            1.4582      1.4465      1.4345      1.4223      1.4098      1.3971      1.3842     1.3711      1.3579      1.3445
    59            1.4928      1.4805      1.4680      1.4553      1.4422      1.4289      1.4154     1.4017      1.3878      1.3737
    60            1.5300      1.5173      1.5042      1.4909      1.4773      1.4634      1.4492     1.4348      1.4202      1.4053
    61            1.5701      1.5569      1.5433      1.5294      1.5151      1.5006      1.4857     1.4706      1.4553      1.4397
    62            1.6135      1.5997      1.5855      1.5710      1.5561      1.5409      1.5254     1.5095      1.4934      1.4770
    63            1.6604      1.6460      1.6312      1.6160      1.6004      1.5845      1.5682     1.5516      1.5347      1.5174
    64            1.7109      1.6959      1.6804      1.6646      1.6483      1.6317      1.6146     1.5972      1.5794      1.5613
    65            1.7653      1.7496      1.7335      1.7170      1.7000      1.6825      1.6647     1.6464      1.6277      1.6087
    66            1.8238      1.8074      1.7906      1.7733      1.7555      1.7373      1.7185     1.6994      1.6798      1.6598
    67            1.8863      1.8693      1.8517      1.8336      1.8150      1.7959      1.7763     1.7562      1.7356      1.7146
    68            1.9535      1.9357      1.9173      1.8984      1.8790      1.8589      1.8384     1.8173      1.7957      1.7736
    69            2.0262      2.0076      1.9883      1.9685      1.9482      1.9272      1.9057     1.8836      1.8609      1.8377
    70            2.1052      2.0857      2.0656      2.0449      2.0235      2.0015      1.9789     1.9557      1.9319      1.9074
</TABLE>

                                      -23-

<PAGE>

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             50          51          52          53          54          55          56         57          58          59
<S>               <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>         <C>
    20            1.0106      1.0099      1.0093      1.0087      1.0081      1.0076      1.0071     1.0066      1.0062      1.0057
    21            1.0115      1.0107      1.0100      1.0094      1.0088      1.0082      1.0076     1.0071      1.0066      1.0061
    22            1.0124      1.0116      1.0109      1.0102      1.0095      1.0089      1.0083     1.0077      1.0071      1.0066
    23            1.0135      1.0127      1.0118      1.0111      1.0103      1.0096      1.0089     1.0083      1.0077      1.0072
    24            1.0147      1.0138      1.0129      1.0120      1.0112      1.0104      1.0097     1.0090      1.0084      1.0078
    25            1.0161      1.0150      1.0141      1.0131      1.0122      1.0114      1.0106     1.0098      1.0091      1.0084
    26            1.0176      1.0164      1.0154      1.0143      1.0133      1.0124      1.0115     1.0107      1.0099      1.0092
    27            1.0192      1.0180      1.0168      1.0157      1.0146      1.0136      1.0126     1.0117      1.0108      1.0100
    28            1.0211      1.0197      1.0184      1.0172      1.0160      1.0149      1.0138     1.0128      1.0119      1.0110
    29            1.0231      1.0217      1.0202      1.0189      1.0176      1.0163      1.0152     1.0141      1.0130      1.0120
    30            1.0254      1.0238      1.0222      1.0207      1.0193      1.0180      1.0167     1.0155      1.0143      1.0132
    31            1.0279      1.0262      1.0244      1.0228      1.0213      1.0198      1.0184     1.0170      1.0158      1.0146
    32            1.0307      1.0288      1.0269      1.0251      1.0234      1.0218      1.0202     1.0188      1.0174      1.0160
    33            1.0338      1.0317      1.0296      1.0277      1.0258      1.0240      1.0223     1.0207      1.0192      1.0177
    34            1.0373      1.0349      1.0327      1.0305      1.0285      1.0265      1.0247     1.0229      1.0212      1.0196
    35            1.0411      1.0385      1.0361      1.0337      1.0315      1.0293      1.0273     1.0253      1.0234      1.0217
    36            1.0452      1.0425      1.0398      1.0372      1.0347      1.0324      1.0301     1.0280      1.0260      1.0240
    37            1.0499      1.0468      1.0439      1.0411      1.0384      1.0358      1.0334     1.0310      1.0288      1.0266
    38            1.0550      1.0517      1.0485      1.0454      1.0425      1.0396      1.0369     1.0344      1.0319      1.0295
    39            1.0606      1.0570      1.0535      1.0502      1.0470      1.0439      1.0409     1.0381      1.0354      1.0328
    40            1.0668      1.0629      1.0591      1.0555      1.0520      1.0486      1.0453     1.0422      1.0393      1.0364
    41            1.0736      1.0694      1.0653      1.0613      1.0575      1.0538      1.0502     1.0468      1.0436      1.0405
    42            1.0811      1.0765      1.0721      1.0677      1.0636      1.0595      1.0557     1.0519      1.0484      1.0450
    43            1.0893      1.0843      1.0795      1.0748      1.0703      1.0659      1.0616     1.0576      1.0536      1.0499
    44            1.0982      1.0928      1.0876      1.0825      1.0776      1.0728      1.0682     1.0637      1.0594      1.0553
    45            1.1079      1.1021      1.0964      1.0909      1.0855      1.0803      1.0753     1.0704      1.0658      1.0613
    46            1.1183      1.1121      1.1060      1.1000      1.0942      1.0885      1.0831     1.0778      1.0727      1.0678
    47            1.1296      1.1229      1.1163      1.1099      1.1036      1.0975      1.0915     1.0858      1.0802      1.0749
    48            1.1418      1.1346      1.1275      1.1206      1.1138      1.1071      1.1007     1.0944      1.0884      1.0826
    49            1.1550      1.1472      1.1396      1.1321      1.1248      1.1176      1.1107     1.1039      1.0973      1.0910
    50            1.1691      1.1609      1.1527      1.1446      1.1367      1.1290      1.1215     1.1141      1.1070      1.1001
    51            1.1844      1.1756      1.1668      1.1582      1.1497      1.1413      1.1332     1.1252      1.1175      1.1100
    52            1.2009      1.1914      1.1821      1.1728      1.1637      1.1547      1.1459     1.1374      1.1290      1.1209
    53            1.2186      1.2085      1.1985      1.1886      1.1789      1.1692      1.1598     1.1505      1.1415      1.1327
    54            1.2377      1.2270      1.2164      1.2058      1.1953      1.1850      1.1748     1.1649      1.1551      1.1456
    55            1.2584      1.2470      1.2357      1.2244      1.2132      1.2021      1.1912     1.1805      1.1700      1.1597
    56            1.2807      1.2687      1.2566      1.2446      1.2326      1.2208      1.2091     1.1976      1.1862      1.1751
    57            1.3049      1.2921      1.2793      1.2665      1.2538      1.2411      1.2286     1.2162      1.2040      1.1921
    58            1.3311      1.3175      1.3040      1.2904      1.2768      1.2633      1.2499     1.2366      1.2235      1.2107
    59            1.3595      1.3452      1.3308      1.3164      1.3019      1.2875      1.2732     1.2590      1.2449      1.2311
    60            1.3903      1.3752      1.3600      1.3447      1.3294      1.3140      1.2987     1.2835      1.2684      1.2536
    61            1.4239      1.4079      1.3918      1.3756      1.3593      1.3430      1.3267     1.3104      1.2943      1.2783
    62            1.4603      1.4435      1.4264      1.4093      1.3920      1.3746      1.3572     1.3399      1.3226      1.3055
    63            1.4999      1.4821      1.4641      1.4460      1.4276      1.4092      1.3907     1.3722      1.3537      1.3354
    64            1.5428      1.5241      1.5051      1.4859      1.4664      1.4468      1.4272     1.4074      1.3877      1.3681
    65            1.5892      1.5695      1.5495      1.5291      1.5086      1.4878      1.4669     1.4459      1.4249      1.4039
    66            1.6393      1.6185      1.5974      1.5759      1.5541      1.5321      1.5099     1.4876      1.4652      1.4428
    67            1.6931      1.6712      1.6489      1.6262      1.6032      1.5799      1.5564     1.5326      1.5088      1.4849
    68            1.7510      1.7280      1.7045      1.6806      1.6562      1.6316      1.6066     1.5814      1.5560      1.5305
    69            1.8139      1.7896      1.7649      1.7396      1.7139      1.6878      1.6613     1.6345      1.6075      1.5804
    70            1.8824      1.8569      1.8307      1.8041      1.7769      1.7493      1.7212     1.6928      1.6641      1.6352
</TABLE>

                                      -24-

<PAGE>

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             60          61          62          63          64          65          66         67          68          69
<S>               <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>         <C>
    20            1.0053      1.0049      1.0046      1.0042      1.0039      1.0036      1.0033     1.0031      1.0028      1.0026
    21            1.0057      1.0053      1.0049      1.0045      1.0042      1.0039      1.0036     1.0033      1.0030      1.0027
    22            1.0061      1.0057      1.0053      1.0049      1.0045      1.0041      1.0038     1.0035      1.0032      1.0029
    23            1.0066      1.0061      1.0057      1.0052      1.0048      1.0044      1.0041     1.0037      1.0034      1.0031
    24            1.0072      1.0066      1.0061      1.0056      1.0052      1.0048      1.0044     1.0040      1.0037      1.0033
    25            1.0078      1.0072      1.0066      1.0061      1.0056      1.0052      1.0047     1.0043      1.0040      1.0036
    26            1.0085      1.0078      1.0072      1.0066      1.0061      1.0056      1.0051     1.0047      1.0043      1.0039
    27            1.0093      1.0085      1.0079      1.0072      1.0066      1.0061      1.0056     1.0051      1.0046      1.0042
    28            1.0101      1.0093      1.0086      1.0079      1.0072      1.0066      1.0061     1.0055      1.0050      1.0046
    29            1.0111      1.0102      1.0094      1.0086      1.0079      1.0072      1.0066     1.0060      1.0055      1.0050
    30            1.0122      1.0112      1.0103      1.0095      1.0087      1.0079      1.0072     1.0066      1.0060      1.0054
    31            1.0134      1.0124      1.0114      1.0104      1.0095      1.0087      1.0080     1.0073      1.0066      1.0060
    32            1.0148      1.0136      1.0125      1.0115      1.0105      1.0096      1.0088     1.0080      1.0073      1.0066
    33            1.0163      1.0151      1.0138      1.0127      1.0116      1.0106      1.0097     1.0088      1.0080      1.0072
    34            1.0181      1.0166      1.0153      1.0140      1.0129      1.0118      1.0107     1.0097      1.0088      1.0080
    35            1.0200      1.0184      1.0170      1.0156      1.0143      1.0130      1.0119     1.0108      1.0098      1.0089
    36            1.0222      1.0204      1.0188      1.0173      1.0158      1.0145      1.0132     1.0120      1.0109      1.0099
    37            1.0246      1.0227      1.0209      1.0192      1.0176      1.0161      1.0147     1.0134      1.0121      1.0110
    38            1.0273      1.0252      1.0232      1.0213      1.0196      1.0179      1.0164     1.0149      1.0135      1.0123
    39            1.0303      1.0280      1.0258      1.0238      1.0218      1.0200      1.0182     1.0166      1.0151      1.0137
    40            1.0337      1.0312      1.0288      1.0265      1.0243      1.0223      1.0204     1.0186      1.0169      1.0153
    41            1.0375      1.0347      1.0320      1.0295      1.0271      1.0249      1.0228     1.0208      1.0189      1.0172
    42            1.0417      1.0386      1.0357      1.0329      1.0303      1.0278      1.0254     1.0232      1.0212      1.0193
    43            1.0463      1.0429      1.0397      1.0366      1.0337      1.0310      1.0284     1.0260      1.0237      1.0216
    44            1.0514      1.0477      1.0441      1.0408      1.0376      1.0346      1.0317     1.0290      1.0265      1.0241
    45            1.0570      1.0529      1.0490      1.0453      1.0418      1.0385      1.0353     1.0324      1.0296      1.0269
    46            1.0631      1.0586      1.0543      1.0503      1.0464      1.0427      1.0393     1.0360      1.0329      1.0300
    47            1.0697      1.0648      1.0602      1.0557      1.0514      1.0474      1.0436     1.0400      1.0366      1.0334
    48            1.0770      1.0716      1.0665      1.0616      1.0569      1.0525      1.0483     1.0444      1.0406      1.0371
    49            1.0849      1.0790      1.0734      1.0680      1.0629      1.0581      1.0535     1.0491      1.0450      1.0411
    50            1.0935      1.0871      1.0809      1.0751      1.0695      1.0642      1.0591     1.0543      1.0498      1.0455
    51            1.1028      1.0959      1.0892      1.0828      1.0766      1.0708      1.0653     1.0600      1.0550      1.0503
    52            1.1130      1.1054      1.0982      1.0912      1.0845      1.0781      1.0720     1.0663      1.0608      1.0556
    53            1.1242      1.1159      1.1080      1.1004      1.0931      1.0861      1.0794     1.0731      1.0671      1.0614
    54            1.1364      1.1274      1.1188      1.1105      1.1025      1.0949      1.0876     1.0807      1.0741      1.0678
    55            1.1497      1.1400      1.1306      1.1216      1.1129      1.1046      1.0966     1.0890      1.0818      1.0749
    56            1.1643      1.1538      1.1436      1.1338      1.1243      1.1152      1.1065     1.0982      1.0903      1.0828
    57            1.1804      1.1690      1.1580      1.1473      1.1370      1.1271      1.1175     1.1084      1.0997      1.0915
    58            1.1981      1.1858      1.1738      1.1622      1.1510      1.1402      1.1298     1.1198      1.1103      1.1012
    59            1.2175      1.2042      1.1913      1.1787      1.1665      1.1547      1.1434     1.1325      1.1221      1.1121
    60            1.2390      1.2246      1.2106      1.1970      1.1837      1.1709      1.1585     1.1466      1.1352      1.1243
    61            1.2626      1.2471      1.2320      1.2172      1.2028      1.1889      1.1754     1.1624      1.1499      1.1380
    62            1.2886      1.2720      1.2556      1.2396      1.2241      1.2089      1.1942     1.1800      1.1664      1.1533
    63            1.3172      1.2993      1.2817      1.2644      1.2475      1.2311      1.2151     1.1997      1.1847      1.1704
    64            1.3487      1.3294      1.3104      1.2918      1.2735      1.2557      1.2383     1.2215      1.2051      1.1894
    65            1.3830      1.3623      1.3419      1.3218      1.3021      1.2827      1.2639     1.2456      1.2278      1.2106
    66            1.4204      1.3983      1.3763      1.3547      1.3334      1.3125      1.2920     1.2721      1.2527      1.2340
    67            1.4610      1.4373      1.4137      1.3904      1.3674      1.3449      1.3227     1.3011      1.2801      1.2596
    68            1.5050      1.4796      1.4544      1.4294      1.4046      1.3803      1.3564     1.3329      1.3101      1.2878
    69            1.5532      1.5261      1.4990      1.4722      1.4456      1.4193      1.3935     1.3681      1.3433      1.3191
    70            1.6062      1.5772      1.5482      1.5194      1.4908      1.4625      1.4346     1.4072      1.3803      1.3540
</TABLE>

                                      -25-

<PAGE>

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             70          71          72          73          74          75          76         77          78          79
<S>               <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>         <C>
    20            1.0024      1.0022      1.0020      1.0018      1.0016      1.0015      1.0013     1.0012      1.0011      1.0010
    21            1.0025      1.0023      1.0021      1.0019      1.0017      1.0016      1.0014     1.0013      1.0012      1.0011
    22            1.0027      1.0024      1.0022      1.0020      1.0018      1.0017      1.0015     1.0014      1.0012      1.0011
    23            1.0028      1.0026      1.0024      1.0021      1.0019      1.0018      1.0016     1.0014      1.0013      1.0012
    24            1.0030      1.0028      1.0025      1.0023      1.0021      1.0019      1.0017     1.0015      1.0014      1.0013
    25            1.0033      1.0030      1.0027      1.0024      1.0022      1.0020      1.0018     1.0016      1.0015      1.0013
    26            1.0035      1.0032      1.0029      1.0026      1.0024      1.0022      1.0019     1.0018      1.0016      1.0014
    27            1.0038      1.0035      1.0031      1.0028      1.0026      1.0023      1.0021     1.0019      1.0017      1.0015
    28            1.0041      1.0038      1.0034      1.0031      1.0028      1.0025      1.0023     1.0020      1.0018      1.0016
    29            1.0045      1.0041      1.0037      1.0033      1.0030      1.0027      1.0024     1.0022      1.0020      1.0018
    30            1.0049      1.0045      1.0040      1.0036      1.0033      1.0029      1.0027     1.0024      1.0021      1.0019
    31            1.0054      1.0049      1.0044      1.0040      1.0036      1.0032      1.0029     1.0026      1.0023      1.0021
    32            1.0059      1.0054      1.0048      1.0044      1.0039      1.0035      1.0032     1.0028      1.0025      1.0023
    33            1.0065      1.0059      1.0053      1.0048      1.0043      1.0039      1.0035     1.0031      1.0028      1.0025
    34            1.0072      1.0065      1.0059      1.0053      1.0047      1.0043      1.0038     1.0034      1.0031      1.0027
    35            1.0080      1.0072      1.0065      1.0059      1.0053      1.0047      1.0042     1.0038      1.0034      1.0030
    36            1.0089      1.0080      1.0072      1.0065      1.0058      1.0052      1.0047     1.0042      1.0037      1.0033
    37            1.0099      1.0090      1.0081      1.0072      1.0065      1.0058      1.0052     1.0047      1.0042      1.0037
    38            1.0111      1.0100      1.0090      1.0081      1.0073      1.0065      1.0058     1.0052      1.0047      1.0041
    39            1.0124      1.0112      1.0101      1.0091      1.0081      1.0073      1.0065     1.0058      1.0052      1.0046
    40            1.0139      1.0125      1.0113      1.0102      1.0091      1.0082      1.0073     1.0066      1.0059      1.0052
    41            1.0156      1.0141      1.0127      1.0114      1.0103      1.0092      1.0083     1.0074      1.0066      1.0059
    42            1.0175      1.0158      1.0143      1.0128      1.0116      1.0104      1.0093     1.0084      1.0075      1.0067
    43            1.0196      1.0177      1.0160      1.0144      1.0130      1.0117      1.0105     1.0094      1.0085      1.0076
    44            1.0219      1.0199      1.0180      1.0162      1.0146      1.0132      1.0118     1.0106      1.0095      1.0085
    45            1.0245      1.0222      1.0201      1.0182      1.0164      1.0148      1.0133     1.0120      1.0107      1.0096
    46            1.0273      1.0248      1.0225      1.0203      1.0184      1.0166      1.0149     1.0134      1.0121      1.0108
    47            1.0304      1.0276      1.0250      1.0227      1.0205      1.0185      1.0167     1.0150      1.0135      1.0121
    48            1.0338      1.0307      1.0279      1.0252      1.0228      1.0206      1.0186     1.0168      1.0151      1.0136
    49            1.0375      1.0341      1.0309      1.0280      1.0254      1.0229      1.0207     1.0187      1.0168      1.0151
    50            1.0415      1.0378      1.0343      1.0311      1.0282      1.0255      1.0230     1.0207      1.0187      1.0168
    51            1.0459      1.0418      1.0380      1.0345      1.0312      1.0282      1.0255     1.0230      1.0207      1.0187
    52            1.0508      1.0462      1.0420      1.0381      1.0346      1.0313      1.0283     1.0255      1.0230      1.0207
    53            1.0561      1.0511      1.0465      1.0422      1.0382      1.0346      1.0313     1.0282      1.0254      1.0229
    54            1.0620      1.0565      1.0514      1.0466      1.0423      1.0383      1.0346     1.0312      1.0282      1.0254
    55            1.0685      1.0624      1.0568      1.0516      1.0468      1.0424      1.0383     1.0346      1.0312      1.0281
    56            1.0757      1.0690      1.0628      1.0571      1.0518      1.0469      1.0424     1.0383      1.0345      1.0311
    57            1.0837      1.0763      1.0695      1.0632      1.0574      1.0520      1.0470     1.0425      1.0383      1.0345
    58            1.0926      1.0846      1.0771      1.0701      1.0636      1.0577      1.0522     1.0471      1.0425      1.0383
    59            1.1027      1.0938      1.0855      1.0778      1.0707      1.0641      1.0580     1.0524      1.0473      1.0426
    60            1.1139      1.1042      1.0950      1.0865      1.0786      1.0714      1.0646     1.0584      1.0528      1.0476
    61            1.1266      1.1158      1.1058      1.0964      1.0877      1.0796      1.0721     1.0653      1.0589      1.0532
    62            1.1408      1.1289      1.1178      1.1075      1.0978      1.0889      1.0806     1.0730      1.0660      1.0596
    63            1.1567      1.1436      1.1314      1.1200      1.1093      1.0994      1.0903     1.0818      1.0740      1.0668
    64            1.1744      1.1601      1.1466      1.1340      1.1223      1.1113      1.1011     1.0917      1.0831      1.0751
    65            1.1941      1.1784      1.1636      1.1497      1.1367      1.1246      1.1134     1.1029      1.0933      1.0844
    66            1.2160      1.1987      1.1825      1.1672      1.1529      1.1395      1.1270     1.1154      1.1047      1.0949
    67            1.2399      1.2211      1.2032      1.1864      1.1707      1.1559      1.1421     1.1293      1.1174      1.1065
    68            1.2663      1.2457      1.2262      1.2077      1.1904      1.1741      1.1589     1.1448      1.1316      1.1194
    69            1.2957      1.2732      1.2518      1.2316      1.2125      1.1946      1.1778     1.1621      1.1476      1.1341
    70            1.3285      1.3039      1.2805      1.2583      1.2374      1.2177      1.1992     1.1819      1.1657      1.1507
</TABLE>

                                      -26-

<PAGE>

        SPX Corporation Supplemental Retirement Plan for Top Management

           Equivalent Benefit Payabe Under Single Life Annuity Option
                for Each $1.00 of Life Annuity Otherwise Payable
<TABLE>
<CAPTION>
EMPLOYEE'S                                                        BENEFICIARY'S AGE
    AGE             80          81          82          83          84          85          86         87          88          89
<S>               <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>         <C>
    20            1.0009      1.0008      1.0007      1.0007      1.0006      1.0005      1.0005     1.0004      1.0004      1.0003
    21            1.0009      1.0009      1.0008      1.0007      1.0006      1.0006      1.0005     1.0004      1.0004      1.0004
    22            1.0010      1.0009      1.0008      1.0007      1.0007      1.0006      1.0005     1.0005      1.0004      1.0004
    23            1.0011      1.0010      1.0009      1.0008      1.0007      1.0006      1.0006     1.0005      1.0004      1.0004
    24            1.0011      1.0010      1.0009      1.0008      1.0007      1.0007      1.0006     1.0005      1.0005      1.0004
    25            1.0012      1.0011      1.0010      1.0009      1.0008      1.0007      1.0006     1.0006      1.0005      1.0004
    26            1.0013      1.0012      1.0010      1.0009      1.0008      1.0007      1.0007     1.0006      1.0005      1.0005
    27            1.0014      1.0012      1.0011      1.0010      1.0009      1.0008      1.0007     1.0006      1.0006      1.0005
    28            1.0015      1.0013      1.0012      1.0011      1.0010      1.0009      1.0008     1.0007      1.0006      1.0005
    29            1.0016      1.0014      1.0013      1.0011      1.0010      1.0009      1.0008     1.0007      1.0006      1.0006
    30            1.0017      1.0015      1.0014      1.0012      1.0011      1.0010      1.0009     1.0008      1.0007      1.0006
    31            1.0019      1.0017      1.0015      1.0013      1.0012      1.0011      1.0009     1.0008      1.0007      1.0007
    32            1.0020      1.0018      1.0016      1.0015      1.0013      1.0012      1.0010     1.0009      1.0008      1.0007
    33            1.0022      1.0020      1.0018      1.0016      1.0014      1.0013      1.0011     1.0010      1.0009      1.0008
    34            1.0024      1.0022      1.0019      1.0017      1.0015      1.0014      1.0012     1.0011      1.0010      1.0008
    35            1.0027      1.0024      1.0021      1.0019      1.0017      1.0015      1.0013     1.0012      1.0010      1.0009
    36            1.0030      1.0027      1.0024      1.0021      1.0019      1.0017      1.0015     1.0013      1.0011      1.0010
    37            1.0033      1.0029      1.0026      1.0023      1.0021      1.0018      1.0016     1.0014      1.0013      1.0011
    38            1.0037      1.0033      1.0029      1.0026      1.0023      1.0020      1.0018     1.0016      1.0014      1.0012
    39            1.0041      1.0037      1.0033      1.0029      1.0026      1.0023      1.0020     1.0018      1.0016      1.0014
    40            1.0047      1.0041      1.0037      1.0033      1.0029      1.0026      1.0023     1.0020      1.0018      1.0015
    41            1.0053      1.0047      1.0042      1.0037      1.0033      1.0029      1.0026     1.0023      1.0020      1.0017
    42            1.0060      1.0053      1.0047      1.0042      1.0037      1.0033      1.0029     1.0026      1.0023      1.0020
    43            1.0068      1.0060      1.0054      1.0048      1.0042      1.0038      1.0033     1.0029      1.0026      1.0023
    44            1.0076      1.0068      1.0061      1.0054      1.0048      1.0043      1.0038     1.0033      1.0029      1.0026
    45            1.0086      1.0077      1.0069      1.0061      1.0054      1.0048      1.0043     1.0038      1.0033      1.0029
    46            1.0097      1.0087      1.0077      1.0069      1.0062      1.0055      1.0049     1.0043      1.0038      1.0033
    47            1.0109      1.0097      1.0087      1.0078      1.0069      1.0062      1.0055     1.0048      1.0043      1.0038
    48            1.0122      1.0109      1.0098      1.0087      1.0078      1.0069      1.0061     1.0054      1.0048      1.0043
    49            1.0136      1.0122      1.0109      1.0097      1.0087      1.0077      1.0069     1.0061      1.0054      1.0048
    50            1.0151      1.0135      1.0121      1.0109      1.0097      1.0086      1.0077     1.0068      1.0060      1.0053
    51            1.0168      1.0151      1.0135      1.0121      1.0108      1.0096      1.0086     1.0076      1.0067      1.0060
    52            1.0186      1.0167      1.0150      1.0134      1.0120      1.0107      1.0095     1.0085      1.0075      1.0066
    53            1.0206      1.0185      1.0166      1.0149      1.0133      1.0119      1.0106     1.0094      1.0083      1.0074
    54            1.0228      1.0205      1.0184      1.0165      1.0147      1.0131      1.0117     1.0104      1.0092      1.0082
    55            1.0253      1.0227      1.0204      1.0182      1.0163      1.0146      1.0130     1.0115      1.0102      1.0090
    56            1.0280      1.0251      1.0226      1.0202      1.0181      1.0161      1.0144     1.0128      1.0113      1.0100
    57            1.0310      1.0279      1.0250      1.0224      1.0200      1.0179      1.0159     1.0142      1.0126      1.0111
    58            1.0345      1.0310      1.0278      1.0249      1.0223      1.0199      1.0177     1.0157      1.0139      1.0123
    59            1.0384      1.0345      1.0309      1.0277      1.0248      1.0221      1.0197     1.0175      1.0155      1.0137
    60            1.0428      1.0385      1.0345      1.0310      1.0277      1.0247      1.0220     1.0196      1.0173      1.0153
    61            1.0479      1.0431      1.0387      1.0347      1.0310      1.0277      1.0247     1.0219      1.0194      1.0172
    62            1.0537      1.0483      1.0434      1.0389      1.0348      1.0311      1.0277     1.0246      1.0219      1.0193
    63            1.0603      1.0543      1.0488      1.0438      1.0392      1.0350      1.0312     1.0278      1.0247      1.0218
    64            1.0678      1.0611      1.0549      1.0493      1.0442      1.0395      1.0353     1.0314      1.0279      1.0247
    65            1.0763      1.0688      1.0619      1.0556      1.0499      1.0447      1.0399     1.0355      1.0316      1.0280
    66            1.0858      1.0774      1.0698      1.0628      1.0563      1.0504      1.0451     1.0402      1.0357      1.0317
    67            1.0964      1.0871      1.0785      1.0707      1.0635      1.0569      1.0509     1.0454      1.0404      1.0358
    68            1.1082      1.0978      1.0883      1.0796      1.0715      1.0641      1.0574     1.0512      1.0456      1.0405
    69            1.1216      1.1101      1.0994      1.0897      1.0807      1.0724      1.0648     1.0579      1.0516      1.0458
    70            1.1369      1.1240      1.1122      1.1013      1.0912      1.0819      1.0734     1.0657      1.0585      1.0521
</TABLE>

                                      -27-<PAGE>

                                                                   Exhibit 10.26

                                    LOAN NOTE
                               (Primary Residence)

THIS LOAN IS PAYABLE IN FULL AT MATURITY, YOU MUST REPAY THE ENTIRE PRINCIPAL
BALANCE OF THE LOAN. THE LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT
THAT TIME. YOU WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS
THAT YOU MAY OWN, OR YOU WILL HAVE TO FIND A NEW LENDER WILLING TO LEND YOU THE
MONEY. IF YOU REFINANCE THIS LOAN AT MATURITY, YOU MAY HAVE TO PAY SOME OR ALL
OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN.

DATE: _________________

PROPERTY ADDRESS:  _________________________

EMPLOYEE'S NAME:  _________________________

1.   BORROWER'S PROMISE TO PAY

     In return for a loan that the undersigned Borrower has received, Borrower
     promises to pay __________________ and No/100 Dollars (U.S. $
     _____________.00) (this amount is called "principal"), to the order of the
     Lender. The Lender is SPX CORPORATION, a Delaware corporation. The Borrower
     is the employee of SPX CORPORATION, named above. Borrower understands that
     the Lender may transfer this Note. The Lender or anyone who takes this Note
     by transfer and who is entitled to receive payments under this note is
     called the "Note Holder".

2.   INTEREST

     Unless a default described in Section 6 (A) of this Note has occurred, no
     interest shall be payable hereunder. After a default described in Section 6
     (A) of this Note, Borrower will pay interest on all amounts owed to Note
     Holder at the yearly rate of 10%.

3.   PAYMENTS

     If, on the earlier of _______________, or the Termination Date (as defined
     in Section 11 of this Note) Borrower still owes amounts under this Note,
     Borrower will pay those amounts in full on that date, which is called the
     "Maturity Date".

     Borrower will make payments at SPX CORPORATION's Corporate Headquarters,
     currently 700 Terrace Point Drive, P.O. Box 3301, Muskegon, Michigan
     49443-3301, or at a different place if required by the Note Holder.

4.   BORROWER'S RIGHT TO PREPAY

     Borrower has the right to make payments of principal at any time before
     they are due. A payment of principal only is known as a "prepayment". When
     Borrower makes a

Loan Note                              1            Borrower's Initials:  ______

<PAGE>

     prepayment, Borrower will tell the Note Holder in writing to Human
     Resources at the address provided in Paragraph 3 that Borrower is doing so.

     Borrower may make a full prepayment or partial prepayments without paying
     any prepayment charge. The Note Holder will use all of such prepayments to
     reduce the amount of principal that Borrower owes under this Note. If
     Borrower makes a partial prepayment, there will be no change in the
     maturity date unless the Note Holder agrees in writing to such change.

5.   LOAN CHARGES

     If a law, which applies to this loan and which sets maximum loan charges,
     is finally interpreted so that the loan charges collected or to be
     collected in connection with this loan exceed the permitted limits, then:
     (i) any such loan charges shall be reduced by the amount necessary to
     reduce the charge to the permitted limit; and (ii) any sums already
     collected from Borrower which exceeded permitted limits will be refunded to
     Borrower. The Note Holder may choose to make this refund by reducing the
     principal Borrower owes under this Note or by making a direct payment to
     Borrower. If a refund reduces principal, the reduction will be treated as a
     partial prepayment.

6.   BORROWER'S FAILURE TO PAY AS REQUIRED

     (A)  Default

          If Borrower does not pay the full amount due hereunder on the Maturity
          Date, or if Borrower defaults under any of the obligations contained
          in the Security Instrument (defined in Section 10 below), or if
          Borrower or either of the Borrowers defaults under the terms of any
          other mortgage or trust deed in favor of any other lender encumbering
          the same property as is encumbered by the Security Instrument,
          Borrower will be in default.

     (B)  Notice of Default

          If Borrower is in default, the Note Holder may send Borrower a written
          notice stating that if Borrower does not pay the overdue amount or
          otherwise cure the default by a certain date, the Note Holder may
          require Borrower to pay immediately the full amount of the principal
          which has not been paid and all the interest that Borrower owes on
          that amount. That date must be at least 30 days after the date on
          which notice is delivered to Borrower, except for the payment due on
          the Maturity Date for which the date may be a shorter period or on
          demand.

     (C)  No Waiver by Note Holder

          Even if, at a time when Borrower is in default, the Note Holder does
          not require Borrower to pay immediately in full as described above,
          the Note Holder will still have the right to do so if Borrower remains
          in default or is in default at a later time.

Loan Note                              2            Borrower's Initials:  ______

<PAGE>

     (D)  Payment of the Note Holder's Costs and Expenses

          Upon default of Borrower, the Note Holder will have the right to be
          paid back by Borrower for all of its costs and expenses in enforcing
          this Note to the extent not prohibited by applicable law. Without
          limiting the generality of the foregoing, upon default of Borrower,
          and in addition to other remedies set forth herein, in the Security
          Instrument or at law or in equity, Lender shall have the right to
          collect reasonable attorney's fees, pursuant to Section 6-21-2 of the
          North Carolina General Statutes.

7.   GIVING OF NOTICES

     Unless applicable law requires a different method, any notice that must be
     given to Borrower under this Note will be given by (i) personally
     delivering it, (ii) by mailing it by certified mail, return receipt
     requested, or (iii) by sending it by a reputable overnight courier to
     Borrower at the Property Address above or at a different address if
     Borrower gives the Note Holder a written notice of Borrower's different
     address.

     Any notice that must be given to the Note Holder under this Note will be
     given by (i) personally delivering it, (ii) by mailing it by certified
     mail, return receipt requested, or (iii) by sending it by a reputable
     overnight courier to the Note Holder Attention: Human Resources at the
     Corporate Headquarters location as stated in Section 3 above or at a
     different address if Borrower is given a written notice of that different
     address.

8.   OBLIGATION OF PERSONS UNDER THIS NOTE

     If more than one person signs this Note, each person is fully and
     personally obligated to keep all of the promises made in this Note,
     including the promise to pay the full amount owed. Any person who is a
     guarantor, surety or endorser of this Note is also obligated to do these
     things. Any person who takes over these obligations, including the
     obligations of a guarantor, surety or endorser of this Note, is also
     obligated to keep all of the promises made in this Note. The Note Holder
     may enforce its rights under this Note against each person individually or
     against both persons together. This means that either person may be
     required to pay all of the amounts owed under this Note. Notwithstanding
     anything herein to the contrary, the obligations of Borrower under this
     Note may not be transferred or assigned by Borrower.

9.   WAIVERS

     Borrower and any other person who has obligations under this Note waive the
     rights of presentment and notice of dishonor. "Presentment" means the right
     to require the Note Holder to demand payment of amounts due. "Notice of
     dishonor" means the right to require the Note Holder to give notice to
     other persons that amounts due have not been paid.

10.  RELOCATION MORTGAGE LOAN

     The loan evidenced by this Note is secured by a mortgage, deed of trust or
     security deed (the "Security Instrument") on Borrower's new principal
     residence, acquired in

Loan Note                              3             Borrower's Initials: ______

<PAGE>

     connection with the transfer to a new principal place of work (which meets
     the requirements in Internal Revenue Code Sec. 217(c) and the regulations
     thereunder) by the Borrower who is employed by SPX CORPORATION.

     The benefits of the interest arrangements of the loan evidenced by this
     Note are not transferable by Borrower and are conditioned on the future
     performance of substantial services to SPX CORPORATION by the Borrower who
     is employed by SPX CORPORATION and that for each year that the loan
     evidenced by this Note is outstanding, the Borrower will treat the
     residence to which the Security Instrument applies as a "qualified
     residence," as defined in Section 163(h)(4)(A) of the Internal Revenue
     Code, for Federal income tax purposes.

     Borrower hereby certifies to the Lender that Borrower reasonably expects to
     be entitled to and will itemize deductions for each year the loan evidenced
     by this Note is outstanding.

     This Note requires that the loan proceeds be used only to purchase the new
     principal residence of the Borrower who is employed by SPX CORPORATION.

11.  ACCELERATION AND SATISFACTION

     Borrower hereby agrees that upon the date the Borrower who is employed by
     SPX CORPORATION (a) ceases to be an employee of SPX CORPORATION or any of
     its affiliates for any reason (including, without limitation, as a result
     of the termination of such employment by either the employer or the
     employee including retirement, with or without cause), (b) is transferred
     from SPX CORPORATION headquarters to the field, (c) sells the principal
     residence purchased with the proceeds of the loan evidenced by this Note,
     (d) purchases a different residence which shall be the Borrower's principal
     residence, then in any such event, the Note Holder, at its sole option, may
     send Borrower a written notice requiring Borrower to pay, within 150 days
     following the date of such notice (such date upon which payment is due
     shall be referred to as the "Termination Date"), the full amount of
     principal of this Note which has not been paid, all the interest that
     Borrower owes on the amount, if any, and any other charges due under this
     Note or under the Security Instrument.

NOTICE: BY INITIALING IN THE SPACE BELOW, YOU ARE AGREEING THAT IF ANY OF THE
EVENTS SPECIFIED IN THIS PARAGRAPH 11 OCCUR, THE NOTE HOLDER CAN REQUIRE YOU TO
PAY THE FULL AMOUNT OF PRINCIPAL DUE ON THIS NOTE, PLUS ANY INTERST AND OTHER
CHARGES, WITHIN 150 DAYS NOTICE FROM THE NOTE HOLDER.

I/WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE THAT THE ABOVE MENTIONED
EVENTS CAN CAUSE THE FULL REPAYMENT OF MY/OUR LOAN WITHIN 150 DAYS NOTICE FROM
THE NOTE HOLDER.

                                                             -------------
                                                             Borrower's Initials

Loan Note                              4            Borrower's Initials:  ______

<PAGE>

     Notwithstanding anything to the contrary contained in this Note, the Note
     Holder agrees that in any of the following events, the obligations of
     Borrower under this Note shall be deemed forgiven and fully satisfied:

          (A)  the death of the Borrower who is employed by SPX CORPORATION;

          (B)  the permanent disability of the Borrower who is employed by SPX
               CORPORATION, as determined by SPX CORPORATION; or

          (C)  upon the "change of control" of SPX CORPORATION. For the purposes
               of this Note, "change of control" shall have the same meaning as
               defined in the SPX CORPORATION Executive EVA Incentive
               Compensation Plan.

     In the event of such forgiveness, SPX CORPORATION shall pay Borrower, or in
     the event of 11(A), his or her estate, an amount sufficient to defray his
     or her Federal and state income tax liability (the "Gross-up Amount") on
     the amount of such forgiveness and the Gross-Up Amount. In the event that
     the forgiveness is on account of 11(C) and as a result any portion of the
     forgiveness and/or the Gross-up Amount is subject to the excise tax imposed
     by Internal Revenue Code Sec. 4999, SPX CORPORATION, shall pay the Borrower
     an additional payment sufficient to defray such excise tax and the Federal
     and state income tax and excise tax on such additional payment.

     WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

                  BORROWER:

                                         _________________________________(Seal)

                                         _____________________ (name)

                                         _____________________ (address)

                                         _____________________

                                         _____________________

Loan Note                              5            Borrower's Initials:  ______

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