Document:

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                         SPLIT DOLLAR INSURANCE AGREEMENT

THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into the
_________ day of ____________________, 2000, by Kimball International, Inc., an
Indiana corporation (the "Company") and _________________________, Trustee of
the _____________________ __________________________________________ Irrevocable
Trust dated ________________ (the "Trust").

                                      Recitals

   A.   The Trust has acquired a policy of life insurance in the face amount of
________________ (the "Policy"), issued by the _________________________ (the
"Insurer"), insuring the lives of ______________________________, an employee of
the Company, and __________________________________ (the "Insureds"), which
Policy is described in Exhibit A attached hereto and make a part hereof.

   B.   The Trust is the Trustee of an irrevocable trust for the benefit of
certain family members of the Insureds.  The Trust desires to maintain life
insurance on the lives of the Insureds for the beneficiaries of such trust and
desires that such life insurance have an equity or cash value feature.  In
connection with the Company's payment of the life insurance premiums the insured
employee of the Company will be assessed for tax reporting purposes with an
amount equal to the annual cost of current life insurance protection on the
lives of the Insureds as measured by the lowest amount of imputed income
attributable to the payment of the death benefit under the Policy by the then
applicable federal income tax law, regulations or rulings applicable to split
dollar arrangements.  The Company, in the interest of _________________________
as a valuable employee of the Company and his family, and as an investment of
Company assets, desires to pay the annual premium.  The only interest of the
Company with respect to the Policy is the Company's investment in the Policy as
hereinafter described.

   C.   The Trust is the owner of the Policy and possesses all incidents of
ownership in and to the Policy.

   D.   In order to secure the recovery of the investment by the Company in the
Policy in the event of the termination of this Agreement, the Company wishes to
have the Policy collaterally assigned to it by the Trust.

   E.   The parties intend that by such collateral assignment the Company shall
have only the right to receive recovery of the investment by the Company under
this Agreement, with the Trust retaining all other ownership rights in the
Policy, as specified in this Agreement.

                                     Agreement

   NOW, THEREFORE, in consideration of the mutual promises contained herein, the
parties agree as follows:

   1.   Ownership.   The Trust shall be the sole and absolute owner of the
Policy and shall have the right to designate beneficiaries and settlement
options, subject to the terms of this Agreement.  All other ownership rights

                                                            Exhibit 10(e)
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granted by the terms of the Policy, including, but not limited to, the rights to
select dividend options, borrow on the security of the Policy and to surrender
or cancel the Policy may be exercised by the Trust only with the prior written
consent of the Company.  With respect to the exercise of the right to borrow on
the security of the Policy, the Trust agrees that the Trust will not borrow on
the security of the Policy in any manner so as to impair the security of the
Company under any collateral assignment executed in favor of the Company
pursuant to the terms of this Agreement to secure the recovery of the Company
Investment under paragraph 6 and other applicable provisions of this Agreement.
If requested by the Company, the Trust will produce information verified by the
Insurer showing the amount of indebtedness on the Policy at the time of such
request.

   2.   Trust's Premium Payment Obligation.   Under the terms of this Agreement
the Trust's share of the premium shall be that amount of the premiums due on the
Policy equal to the lowest amount of imputed income attributable to the payment
of the death benefit under the Policy by the then applicable federal income tax
law, regulations or rulings applicable to split dollar arrangements.  Until the
termination of this Split Dollar Agreement, the Company shall pay the Trust's
share of the premium and shall charge such amount as income to the Insured
employee of the Company.

   3.   Company's Payment Premiums as Investment.   The Company for its own
account and as an investment of general Company assets shall pay all Policy
premium amounts not paid by the Trust pursuant to paragraph 2 of this Agreement
until such time as the Company, at its discretion, cancels this Split Dollar
Agreement and discontinues the payment of any premium amount with respect to the
Policy.  Such payments shall be referred to as the "Company Investment."

   4.   Premium Payment Period. The Company agrees that subject to its rights to
cancel this Agreement and discontinue the payment of any premium amount with
respect to the Policy, the premium payment period for purposes of this Agreement
shall be based upon the fifteen (15) year period as projected by the parties to
this Agreement and such premium payment period shall continue notwithstanding
the death of _______________________________ prior to the expiration of such
projected premium payment period with __________________________  surviving.

   5.   Manner of Payment.   On or before the due date of each Policy premium,
or within the grace period provided therein, the Company shall pay the premium
to the Insurer and shall promptly furnish the Trust with evidence of timely
payment.  The Trust, in its sole discretion, may elect to pay the Trust's
portion of the premium payment by notifying the Company of its intention to do
so and providing the amount of the Trust's share to the Company for payment to
the Insurer prior to the due date for the payment of such premium.

   6.   Recovery of Company Interest.   For the purposes of this Agreement, the
Company Interest to be recovered shall be defined and determined as follows:

     (a)   Death of Survivor of Insureds.   Upon the death of the survivor of
the Insureds, the Company Interest shall be and the Company shall have the right
to receive an amount of the death benefit payable under the Policy equal to the
Company Investment.  The Company and the Trust shall take all action necessary

                                                Exhibit 10(e)
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 to obtain the death benefit provided under the Policy.

     (b)   Other Termination.   Upon any other termination of this Agreement,
the Company Interest shall be and the Company shall have the right to receive
from the Trust or the assignee of the Trust an amount equal to the Company
Investment.

   7.   Collateral Assignment.   To secure the recovery by the Company of the
Company Interest the Trust shall assign the Policy to the Company as collateral
(the "Collateral Assignment").

   8.   Company Rights as Assignee.   The Company, during the lifetime of the
Insureds and prior to the termination of this Agreement, may exercise any of its
rights as Assignee of the Policy without the consent of the Trust.  If a policy
loan is taken by the Company, it shall be responsible for the interest thereon
and shall pay such interest as it becomes due.
   The Trust agrees not to withdraw, surrender, borrow against, or pledge as
security for a loan any portion of the Policy cash value while this agreement is
in effect.

   9.   Payment of Benefits.   The Insurer may pay benefits under the Policy
either by separate checks to the parties or agent assignees entitled thereto, or
by a joint check.  If the Insurer pays by joint check, the Trust and the Company
shall divide the benefit as provided herein.

   10.   Obligations of Insurer.   The Insurer shall be fully discharged from
its obligations under the Policy by payment of the Policy death benefit to the
beneficiary or beneficiaries named in the Policy, subject to the terms and
conditions of the Policy.  In no event shall the Insurer be considered a part of
this Agreement, or any modification or amendment to this Agreement.  No
provision of this Agreement, nor of any modification or amendment hereof, shall
in any way be construed as enlarging, changing, varying, or in any way affecting
the obligations of the Insurer as expressly provided in the Policy, except
insofar as the provisions hereof are made a part of the Policy by the Collateral
Assignment executed by the Trust and filed with the Insurer.

   11.   Appointment of Fiduciary.   The Company is hereby designated as the
named fiduciary under this Agreement.  The fiduciary shall have authority to
control and manage the operation and administration of this Agreement.

   12.   Amendment.   This Agreement may not be amended, altered or modified,
except by a written instrument signed by the parties hereto, or their respective
successors or assigns, and may not be otherwise terminated except as provided
herein.

   13.   Successors and Assigns.   This Agreement shall be binding upon and
inure to the benefit of the Company and the Trust and their respective
successors, assigns, heirs, executors, administrators and beneficiaries.

   14.   Notices.   All notices consents or demands required or permitted to be
given under the provisions of this Agreement shall be sent by certified mail to:

                                                Exhibit 10(e)
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     Trust: ________________________________ Trustee
            ________________________________ Irrevocable Trust
            dated __________________________
            ________________________________
            ________________________________

   Company: Kimball International, Inc.
            1600 Royal Street
            Jasper, Indiana 47549

Notice shall be effective when received by the recipient.

   15.   Termination of Agreement.   This Agreement shall terminate if any of
the following takes place:

     (a)   upon the election of the Company after resolution passed by the Board
of Directors;

     (b)   the bankruptcy of the Company;

     (c)   the failure of the Company to pay the premium under Section 2 of this
Agreement;

     (d)   payment to the Company by the Trust of the aggregate amount of the
advances made by the Company pursuant to this agreement; or

     (e)   the death of the survivor of Insureds, after payment of the
Company Investment.

In the event of the termination of this Agreement, the aggregate of the advances
made by the Company pursuant to this Agreement less any outstanding Policy loans
received by the Company prior to such termination shall become due and payable
to the Company.  Upon payment of such amount, whether from the Policy, the
Trust, or whatever other source, the Company shall execute a release of the
Collateral Assignment Agreement and deliver such release and the Policy to the
Trust.

   16.   Governing Law.   This Agreement shall be governed by and construed in
accordance with the laws of the State of Indiana.

   IN WITNESS WHEREOF the parties have signed this Agreement effective this
_________ day of ____________________________, 2000.

                           KIMBALL INTERNATIONAL, INC.

                           By Gary P. Critser
                           COMPANY

                                                Exhibit 10(e)

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                           ____________________________ Trustee
                           ____________________________ Irrevocable Trust
                           dated ______________________

                           by _________________________
                           ____________________________

                                                Exhibit 10(e)
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   The following life insurance policy is subject to the attached Split-Dollar
Insurance Agreement:

Trust:   ____________________________________ Trustee
         ____________________________________ Irrevocable Trust
         dated ______________________________

Insurer:   ___________________________________

Insureds: ____________________________________

Policy Number: _______________________________

Face Amount: _________________________________

Date of Issue: _______________________________

The following exhibit has been omitted from this filing.

EXHIBIT A - Policy of Life Insurance

                                             Exhibit 10(e)<PAGE>
                            KIMBALL INTERNATIONAL, INC.

                      SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                                      (SERP)
                                 (1995 Revision)

Article 1 -- Name and Purpose of Plan

The name of this Plan is the Kimball International, Inc. Supplemental Executive
Retirement Plan (the "Plan" or the "SERP").  Its purpose is to provide a select
group of United States officers and senior managers employed by Kimball
International, Inc. (the Company) with the opportunity to defer cash
compensation otherwise payable to them as employees of the Company.  The Plan
shall be administered by the SERP Committee as provided in Article 10.

Article 2 -- Effective Date of Plan; Plan Year

The Plan shall be effective as of July 1, 1994--the first day of the Company's
1994-95 fiscal year.  Beginning January 1, 1996 the Plan Year shall be the
calendar year.

Article 3 -- Participants

Each person who is a United States officer or senior manager of the Company on
or after the Effective Date (an "Eligible Employee") shall be eligible to
participate in the Plan, but only during the period of time that he is and
remains a member of the Company's Executive Committee; provided, however, that a
member of the Executive Committee may only be an "Eligible Employee" if that
person is one of the highest 4% paid employees of the Company.  Any Eligible
Employee who elects to participate in the Plan shall hereinafter be called a
"Participant."  The Company shall establish for each Participant a deferred
compensation account, as specified in Article 5.

Article 4 -- Deferral Election

Each Participant shall be entitled to make an advance written irrevocable
election to defer receipt of up to 50% of the cash compensation otherwise
payable by the Company to him for the 1994-95 fiscal year of the Company, and up
to 10% of the cash compensation otherwise payable by the Company to him for any
later year.  Such election may be expressed in terms of a percentage or
percentages of compensation, or if permitted by the SERP Committee, a specified
dollar amount.  This written election shall include elections as to the period
of deferral, the form of payment, and a beneficiary.  The written irrevocable
election must be received by the Company by May 31, 1994 for the 1994-95 fiscal
year, and by the December 31 preceding the beginning of any later year (the
period from July 1, 1995 through December 31, 1995 being treated as a year for
this purpose, due to the change of the Plan Year to a calendar year).

A Participant may elect:
                                                           Exhibit 10 (f)

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a.   Before December 31, to change the amount of cash compensation to be
deferred for the following year, and, subject to the provisions of Article 6,
the period of deferral and/or the form of payment thereof; and/or

b.   At any time, to change his beneficiary designation.

Notwithstanding the foregoing, to the extent the SERP Committee deems it
possible and reasonably feasible, any deferral (or portion thereof) under this
Plan by a Participant under the age of 71 may be recharacterized, no later than
2-1/2 months after the end of the Company's fiscal year during which the
deferral was made, as an Elective Tax-Deferred Participant Contribution under,
and subject to the terms of, the Company's Retirement Plan.  In such event, the
Company shall contribute the recharacterized portion of the deferral to the
Retirement Plan in accordance with the terms thereof.

Article 5 -- Deferred Compensation Accounts

A separate account within the financial records of the Company shall be
established and maintained for each Participant.  This account shall reflect the
cash compensation deferred by the Participant, and any investment earnings or
losses credited thereto from time to time.

The cash compensation deferred hereunder by a Participant and any Retirement
Plan make-ups made pursuant to Article 7 shall be credited with deemed
investment earnings or losses in accordance with procedures established from
time to time by the SERP Committee.  In particular, the SERP Committee may treat
all or a portion of a Participant's account as though it were invested in the
same manner as the Participant's account in the Company's Retirement Plan.  The
Participant shall receive a statement of account at least annually.

In the event a Participant's deferral for any period is, pursuant to Article 4,
treated as an Elective Tax-Deferred Participant Contribution to the Company's
Retirement Plan, the Participant's account under this Plan shall be reduced
accordingly.

Article 6 -- Distribution of Deferred Compensation Accounts

No distribution of a Participant's deferred compensation account shall be made
except as provided in this Article 6, or, upon termination of the Plan, as
provided in Article 11.  Whenever a payment is to be made under this Plan the
SERP Committee, in its sole discretion, may cause it to be deferred and paid as
soon as administratively practical following the end of the Company's fiscal
year in which occurs the event causing such payment to be due.

Termination of Employment.  If a Participant's employment with the Company
terminates for any reason prior to the time when the Participant meets the
requirements which would entitle him to retire under the terms of Section 4.1 of
the Company's Retirement Plan, notwithstanding any election made under Article
4, the deferred compensation account of that Participant shall be payable to him
in a lump sum following such termination.

                                               Exhibit 10 (f)
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Form of Payment.  Subject to the preceding paragraphs, a Participant's deferred
compensation account shall be payable in accordance with the Participant's
elections made under Article 4 -- in a lump sum or in installment payments over
a period of either 5 or 10 years, commencing at the time elected by the
Participant under Article 4.

Death.  If the Participant dies before receiving all amounts credited to his
deferred compensation account, then the unpaid amounts in the Participant's
account shall be paid to the Participant's designated beneficiary in a single
lump sum following the Participant's death.  If the Participant has no surviving
or existing designated beneficiary, then the amounts shall be paid to the
Participant's estate.

Retirement.  If the Participant retires at a time when he meets the requirements
which would entitle him to retire under the terms of Section 4.1 of the
Company's Retirement Plan, then the balance in the Participant's account shall
be paid to the Participant, in the form of payment elected pursuant to Article
4.

Hardship.  Notwithstanding the deferral election made by a Participant pursuant
to Article 4, a Participant may request an earlier distribution for serious
financial hardship.  The SERP Committee shall, in its sole discretion, make the
determination of serious financial hardship, including the amount, if any, to be
distributed and the timing of the distribution.

Article 7 -- Retirement Plan "Makeups"

A Participant's compensation that is deferred under this Plan, as well as a
Participant's compensation in excess of the Internal Revenue Code Section
401(a)(17) limits, will not be eligible compensation for purposes of calculating
the amount of the Participant's allocations under the Company's Retirement Plan.
In addition, Internal Revenue Code Section 415 may further limit the amount of
Company contributions that can be allocated to the account of a Participant
under the Retirement Plan.

Pursuant to rules and procedures established by the SERP Committee, any loss of
Company contributions under the Company's Retirement Plan due to the deferral of
compensation under this Plan or to the application of Internal Revenue Code
Section 401(a)(17) and/or Section 415 may be compensated for by the Company
through a deposit by the Company to the Participant's deferred compensation
account in an amount equal to the lost Company contribution that would otherwise
have been allocated to the Participant's account under that Plan if there had
been no deferral of compensation made under this Plan and if the limitations of
Internal Revenue Code Sections 401(a)(17) and 415 did not exist.  Such deposit
shall be subject to the applicable vesting provisions of the Retirement Plan.

Article 8 -- Participant's Rights

The establishment of this Plan shall not be construed as giving any Participant
the right to be retained in the Company's service or employ, or the right to
receive any benefits not specifically provided by the Plan.  A Participant shall

                                               Exhibit 10 (f)

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have an immediate 100% vested interest in the portion of his deferred
compensation account attributable to his deferrals elected pursuant to Article 4
(including investment earnings or losses credited under Article 5); and a
Participant shall have the same percentage vested interest in the Company
contributions made to his account under Article 7 (including investment earnings
or losses credited under Article 5) that he has in the Company contributed
portion of his account under the Company's Retirement Plan.

Article 9 -- Nonalienability and Nontransferability

The rights of a Participant to the distribution of his deferred compensation
account shall not be assignable or transferable, or be subject in any manner to
alienation, anticipation, pledge, encumbrance or charge.  No Participant may
borrow against his account.  No account shall be subject in any manner to
garnishment, execution, or levy of any kind, whether voluntary or involuntary,
including but not limited to any liability that is for alimony or other payments
for the support of a spouse or former spouse, or for any other relative of a
Participant.

Article 10 -- Administration of Plan

This Plan shall be administered by the SERP Committee appointed by the Board of
Directors of the Company.  That Committee shall have authority to adopt rules
and regulations for administering the Plan and to interpret, construe, and
implement the provisions hereof.  Any decision or interpretation of any
provision of the Plan adopted by that Committee shall be final and conclusive.
A Participant who is a member of that Committee shall not participate in any
decision involving a request made by him or relating specifically to his rights,
duties, and obligations as a Participant.

Article 11 -- Amendment and Termination of Plan

The Plan may, at any time and from time to time, be amended, modified, or
terminated by the SERP Committee; and that Committee, in conjunction with the
termination of the Plan, may cause immediate lump-sum distributions to be made
to the Participants of their deferred compensation accounts, regardless of the
tax consequences to the Participants or the Company.  In no other case, however,
may an amendment, modification, or termination of the Plan adversely affect any
Participant's rights with respect to amounts then-accrued in his deferred
compensation account.

Article 12 -- Rabbi Trust

Any and all compensation deferred by a Participant may be held, in the
discretion of the Company, under a grantor trust (i.e., a "rabbi trust")
established for this Plan.  Plan Participants and beneficiaries shall have no
interest in the assets of the trust or in any specific assets of the Company
relative to rights and/or benefits under this Plan; and the rights to deferred
amounts in the trust shall be subject to the nonalienability and

                                               Exhibit 10 (f)

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nontransferability restrictions set forth in Article 9.  Participants shall have
rights under this Plan no greater than the rights of a general, unsecured
creditor of the Company.

Article 13 -- General Provisions

a.  Controlling Law.  Except to the extent superseded by federal law, the laws
of the State of Indiana shall be controlling in all matters relating the Plan,
including construction and performance hereof.

b.  Captions.  The captions of articles and paragraphs of this Plan are for
convenience of reference only.  They shall not control or affect the meaning or
construction of any of the Plan's provisions.

c.  Facility of Payment.  Any amounts payable hereunder to any person who is
under legal disability or who, in the judgment of the SERP Committee, is unable
to manage his financial affairs, may be paid to the legal representative of such
person or may be applied for the benefit of such person in any manner that the
SERP Committee may select.  Any such payment shall be deemed to be payment for
such person's account, and shall be a complete discharge of all liability of the
Company with respect to the amount so paid.

d.  Withholding Payroll Taxes.  To the extent required by the laws in effect at
the time when compensation is deferred, and at the time amounts are distributed
from a Participant's deferred compensation account, the Company shall withhold
from compensation, or from payments made hereunder, any taxes required to be
withheld under federal, state, or local law.

e.  Administrative Expenses.  All out-of-pocket expenses of administering the
Plan shall be borne by the Company, and no part thereof shall be charged against
any Participant's account or any amounts distributable hereunder.

f.  Survival of Nonprohibited Provisions.  Any provision of this Plan prohibited
by the law of any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition without invalidating the remaining provisions
hereof.

g.  Protection of SERP Committee, Etc.  Except as otherwise expressly provided
by law, no member of the Company's Board of Directors or SERP Committee, and no
officer, employee, or agent of the Company, shall have any liability to any
person, firm, or corporation based on or arising out of the Plan except in the
case of gross negligence or fraud.

                                    * * * * *

                                               Exhibit 10 (f)
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IN WITNESS WHEREOF, Kimball International, Inc. has caused this 1995 Revision of
the Plan to be signed this ______________ day of May, 1995.

                                 KIMBALL INTERNATIONAL, INC.

                              By _________________________

                           Title _________________________

                                               Exhibit 10 (f)

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