Document:

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                                                                    EXHIBIT 10.8

                                TECHNITROL, INC.
                          SUPPLEMENTAL RETIREMENT PLAN
                              AMENDED AND RESTATED
                            EFFECTIVE JANUARY 1, 2002
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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                             PAGE
                                                                             ----
<S>                                                                          <C>
ARTICLE I
      PURPOSE CLAUSE ......................................................    1

ARTICLE II
      DEFINITIONS .........................................................    1

ARTICLE III
      BENEFITS ............................................................    3

ARTICLE IV
      ADMINISTRATION ......................................................    6

ARTICLE V
      AMENDMENT AND TERMINATION ...........................................    8

ARTICLE VI
      CHANGE IN CONTROL ...................................................    9

ARTICLE VII
      MISCELLANEOUS .......................................................   11
</TABLE>

                                     - i -
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                                TECHNITROL, INC.
                          SUPPLEMENTAL RETIREMENT PLAN
                              AMENDED AND RESTATED
                            EFFECTIVE JANUARY 1, 2002

                                    ARTICLE I

                                 PURPOSE CLAUSE

      This Plan was originally established solely for the purpose of providing
benefits to certain employees of Technitrol, Inc. and its affiliated companies
that would have been payable to them under the Technitrol, Inc. Retirement Plan
but for the limitation placed on the amount of their Compensation that can be
taken into account under Section 401(a)(17) of the Internal Revenue Code. This
Plan is amended and restated to provide for enhanced supplemental retirement
benefits for eligible employees offset by their accrued benefits under the
Technitrol, Inc. Retirement Plan. The Plan is intended to constitute an unfunded
plan primarily for the purpose of providing deferred compensation for a select
group of management or highly compensated employees.

                                   ARTICLE II

                                   DEFINITIONS

      2.1 "Actuarially Equivalent" shall mean equality in value of the aggregate
amounts expected to be received under different benefit forms (other than lump
sums pursuant to Article VI) or the same form commencing at different points of
time as determined using the actuarial equivalent assumptions set forth in the
Retirement Plan.

      2.2 "Administrator" shall mean Technitrol, Inc.

      2.3 "Code" shall mean the Internal Revenue Code of 1986, as from time to
time amended.
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      2.4 "Company" shall mean Technitrol, Inc. and any affiliated company which
participates in the Technitrol, Inc. Retirement Plan.

      2.5 "Compensation" shall mean the amount of base salary and cash bonus
(not in excess of 75% of base salary in the calendar year in which it is paid)
paid during the calendar year by the Company to a Participant.

      2.6 "Effective Date" shall mean January 1, 1994. The Effective Date of
this amended and restated Plan shall mean January 1, 2002.

      2.7 "Early Retirement Date" of a Participant shall mean the first day of
the calendar month coincident with or the next month following the date such a
Participant attains age 55 and completes five (5) Years of Vesting Service.

      2.8 "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as from time to time amended.

      2.9 "Final Average Compensation" shall mean the average of the
Participant's Compensation during the highest three (3) consecutive calendar
years out of the last ten (10) calendar years prior to the Participant's
termination of employment or retirement.

      2.10 "Normal Retirement Age" shall mean the later of the attainment of age
65 or the fifth anniversary of participation in the Retirement Plan.

      2.11 "Participant" shall mean any employee of the Company who participates
in Technitrol's Executive Short-Term Cash Incentive Plan and any other employee
of the Company designated by the Board of Directors of Technitrol, Inc. as
eligible to participate in the Plan.

      2.12 "Plan" means the Technitrol, Inc. Supplemental Retirement Plan, as
from time to time amended.

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      2.13 "Retirement Plan" shall mean the Technitrol, Inc. Retirement Plan, as
from time to time amended.

      2.14 "Years of Service" shall mean the number of years of credited service
that the Participant has earned under the Retirement Plan plus such additional
years of service that the Participant is entitled to pursuant to the Plan
(pursuant to Section 3.5).

      2.15 "Years of Vesting Service" shall mean the number of years of vesting
service that the Participant has earned under the Retirement Plan plus such
additional years of vesting service that the Participant is entitled to pursuant
to the Plan (pursuant to Section 3.5).

                                  ARTICLE III

                                    BENEFITS

      3.1 Normal Retirement.

            (a) A Participant who retires on or after the Normal Retirement Age
with 20 or more Years of Service shall be entitled to receive annually,
commencing as of the first day of the month following the date of retirement, a
single life annuity (payable in equal monthly installments) equal to the
difference between (i) and (ii) below:

                  (i)   45% of Final Average Compensation

                  (ii)  The amount of the Participant's accrued benefits (in the
                        form of a straight life annuity) under the Retirement
                        Plan as of the date of retirement.

            (b) For a Participant with less than 20 Years of Service, the annual
amount of retirement benefit determined in Section 3.1(a)(i) above shall be
multiplied

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by a fraction, the numerator of which is equal to his Years of Service and the
denominator of which is 20.

            (c) As an alternative to receiving benefits in the form of a single
life annuity, the Participant may elect in writing, at least one year prior to
retirement, to receive benefits in one of the optional forms as set in Section
3.3. If the Participant elects to receive benefits in one of the optional forms,
such benefits shall be adjusted using the same assumptions that are used to
calculate optional forms of benefits (other than lump sums) under the Retirement
Plan.

      3.2 Early Retirement. Upon retirement on or after his/her Early Retirement
Date and prior to Normal Retirement Age, a Participant shall be entitled to
receive, commencing as of the first day of the month following the date of
retirement, one of the following:

            (a) If a Participant has 20 or more Years of Service at termination,
a single life annuity determined in accordance with Section 3.1(a), based on
Years of Service at termination. The benefit determined under the formula in
Section 3.1(a)(i) is reduced by 5% per year (prorated based on months) by which
payments commence prior to the attainment of age 62 and the offset benefit
determined under the formula in Section 3.1(a)(ii) is reduced according to
Section 5.2(b) under the Retirement Plan. If payments commence on or after the
attainment of age 62, the benefit under the formula in Section 3.1(a)(i) is
unreduced, but the offset benefit determined under the formula in Section
3.1(a)(ii) shall be reduced according to Section 5.2(b) under the Retirement
Plan if payments commence prior to age 65.

                                     - 4 -
<PAGE>
            (b) If a Participant has less than 20 Years of Service at
termination, a single life annuity determined in accordance with Section 3.1(b),
based on Years of Service at termination and reduced by 1/15 for each of the
first five (5) years and 1/30 for each of the next five (5) years (prorated
based on months) by which payments commence prior to Normal Retirement Age.

            (c) A Participant may elect in writing, at least one year prior to
retirement, to receive benefits commending at any time on or before his/her
Normal Retirement Age in the form of a single life annuity or an annuity in one
of the optional forms described in Section 3.3, as determined in accordance with
the provisions of Section 3.1 and 3.2. A Participant who terminates prior to
his/her Early Retirement Date with five or more Years of Vesting Service shall
be entitled to receive, commencing as of the first day of the month following
the attainment of Normal Retirement Age, a single life annuity as determined in
accordance with Section 3.1. Alternatively, such a Participant may elect in
writing, at least one year prior to his/her Early Retirement Date, to receive
benefits, commencing at any time on or after his Early Retirement Date and
before his/her Normal Retirement Age, in the form of a single life annuity or an
annuity in one of the optional forms described in Section 3.3, as determined in
accordance with the provisions of Section 3.1 and 3.2.

      3.3 Forms of Benefit. Subject to the provisions of Section 3.1 and 3.2, a
Participant may elect to receive his benefits in one of the following
Actuarially Equivalent forms:

            (a) a life annuity in level monthly payments, with either 60, 120 or
180 months certain. Such payments shall be made to the Participant for life and
shall

                                     - 5 -
<PAGE>
continue to be paid to the designated beneficiary of the Participant for the
period after the Participant's death and before expiration of the months
certain.

            (b) a joint and survivor annuity continuing for life in level
monthly payments to the Participant and thereafter for life in level monthly
payments to his designated beneficiary, at either 50% or 100% (as stated in the
election) of the payments to the Participant.

      3.4 Death. In the event of the death of a married Participant prior to the
commencement of benefits under the Retirement Plan, and if the Participant was
married to his spouse throughout the one-year period preceding the date of his
death, his surviving spouse shall be entitled to receive benefits from this Plan
equal to the survivor portion of a joint and 50% survivor annuity that would be
payable to the Participant under the Plan had the Participant retired and
elected an immediate joint and 50% survivor annuity on the day before his death,
offset by the Actuarially Equivalent value of the survivor's benefits actually
payable to his surviving spouse under the Retirement Plan.

      3.5 Prior Service Credit. For purposes of determining benefits under this
Plan, James M. Papada, III and Grace Greco shall be entitled to 15 Years of
Service and 15 Years of Vesting Service of prior service credit, effective as of
June 30, 1999.

                                   ARTICLE IV

                                 ADMINISTRATION

      4.1 The Plan shall be administered by the Administrator, who shall have
the discretionary authority to interpret the Plan, to determine eligibility for
benefits hereunder, and to determine the nature and amount of benefits. Any
construction or

                                     - 6 -
<PAGE>
interpretation of the Plan and any determination of fact in administering the
Plan made in good faith by the Administrator shall be final and conclusive for
all Plan purposes.

      4.2 (a) The Administrator shall prescribe a form for the presentation of
claims under the terms of this Plan.

            (b) Upon presentation to the Administrator of a claim on the
prescribed form, the Administrator shall make a determination of the validity
thereof. If the determination is adverse to the claimant, the Administrator
shall furnish to the claimant within 90 days after the receipt of the claim a
written notice setting forth the following:

                  (i)   the specific reason or reasons for the denial;

                  (ii)  specific responses to pertinent provisions of the Plan
                        on which the denial is based;

                  (iii) a description of any additional materials or information
                        necessary for the claimant to perfect the claim and an
                        explanation of why such material or information is
                        necessary; and

                  (iv)  appropriate information as to the steps to be taken if
                        the claimant wishes to submit his or her claim for
                        review.

            (c) In the event of a denial of a claim, the claimant or his duly
authorized representative may appeal such denial to the Administrator for a full
and fair review of the adverse determination. Claimant's request for review must
be in writing and made to the Administrator within 60 days after receipt by
claimant of the written notification required under Section 4.2(b); provided,
however, such 60-day period shall

                                     - 7 -
<PAGE>
be extended if circumstances so warrant. Claimant or his duly authorized
representative may submit issues and comments in writing which shall be given
full consideration by the Administrator in its review.

            (d) The Administrator may, in its sole discretion, conduct a
hearing. A request for a hearing made by claimant will be given full
consideration. At such hearing, the claimant shall be entitled to appear and
present evidence and be represented by counsel.

            (e) A decision on a request for review shall be made by the
Administrator not later than 60 days after receipt of the request; provided,
however, in the event of a hearing or other special circumstances, such decision
shall be made not later than 120 days after receipt of such request. If it is
necessary to extend the period of time for making a decision beyond 60 days
after the receipt of the request, the claimant shall be notified in writing of
the extension of time prior to the beginning of such extension.

            (f) The Administrator's decision on review shall state in writing
the specific reasons and references to the Plan provisions on which it is based.
Such decision shall be promptly provided to the claimant. If the decision on
review is not furnished in accordance with the foregoing, the claim shall be
deemed denied on review.

                                   ARTICLE V

                            AMENDMENT AND TERMINATION

      5.1 Technitrol, Inc. may amend the Plan in any manner and at any time by
action of the Board of Directors; provided, however, that no amendment shall
deprive any Participant or his surviving spouse of any benefit accrued hereunder
as of the date of adoption of such amendment as determined under Section 5.3,
below.

                                     - 8 -
<PAGE>
      5.2 Technitrol, Inc. reserves the right to terminate this Plan at any
time, in which case the benefits payable to any Participant shall be limited to
those accrued hereunder as of the effective date of termination, as determined
under Section 5.3, below.

      5.3 For purposes of Section 5.1 and 5.2, above, the benefit accrued by a
Participant as of the date of adoption of an amendment to the Plan or the
effective date of termination of the Plan shall be computed under Sections 3.1
or 3.2, whichever is applicable, as if the Participant has terminated employment
on such date.

                                   ARTICLE VI

                                CHANGE IN CONTROL

      6.1 Notwithstanding anything to the contrary in the Plan, in the event
there is a "change in control" of Technitrol, Inc., each Participant who is
employed by the Company immediately prior to the change in control shall be
entitled to receive benefits under this Plan (whether or not they are so
employed by the Company or any successor to it after the change in control)
equal to the excess of (i) the benefits that the Participant would have accrued
under the Plan if his or her total Years of Service credited under the Plan
included an additional five years (and, in the case of James M. Papada, III and
Grace Greco, included, in addition to such additional five years, such
additional years of credited service as provided in Section 3.5), as of the date
of change in control over (ii) the vested benefits that the Participant has
actually accrued under the Retirement Plan as of the date of change in control.

      6.2 In the event of a change in control, a Participant shall be treated as
fully vested in his right to receive benefits under this Plan regardless of
whether the

                                     - 9 -
<PAGE>
Participant is fully vested in his accrued benefits under the Retirement Plan or
whether the Participant terminates employment on or after the change in control.

      6.3 In the event of a change in control, a Participant shall be entitled
to receive a lump sum payment of the present value of the benefits that he has
accrued under the Plan (calculated taking into account the provisions of Section
6.1 above) within ten days of the date on which the change in control occurs.
The present value of the lump sum payment shall be determined by using the
RP-2000 Mortality Table for Males and an interest rate (rounded to the nearest
2/10 of 1 percent) equal to 120 percent of the applicable Federal mid-term rate
in effect under Section 1274(d)(1) of the Code for the month in which the change
in control occurs.

      6.4 In addition to the lump sum payment described in Section 6.3, above, a
Participant shall be entitled to receive an additional payment, within ten days
following the change in control, of an amount that is sufficient to reimburse
the Participant for any federal, state or local taxes (including, but not
limited to, excise tax penalties) as a result of the payment of such lump sum
and as a result of the additional payment to him pursuant to this Section 6.4,
regardless of whether such payments, or any portion of them, are considered
"excess parachute payments" under Section 280G of the Code. Such additional
payment shall be calculated by assuming the Participant is subject to the
highest marginal federal, state and local tax rates then in effect.

      6.5 In the event a Participant receives a lump sum payment of benefits
pursuant to this Article VI, but continues employment with the Company
subsequent to the change in control, the Participant shall be eligible to
continue to accrue benefits under this Plan but shall not be entitled to receive
a duplication of benefits previously

                                     - 10 -
<PAGE>
paid to him pursuant to this Article. The Company has the sole authority and
discretion to determine the factors used to make the adjustment under this
Section 6.5 and to determine the accruals already paid.

      6.6 For purposes of this Article, the term "change in control" means the
occurrence of either of the following events: (a) any "Person" or "Persons" as
defined in Sections 13(d) and 14(b) of the Securities Exchange Act of 1934, as
amended (the "Act"), is or becomes the "beneficial owner" (as defined in Rule
13(d)-3 of the Act), directly or indirectly, of securities of Technitrol, Inc.
representing more than twenty-five percent (25%) of the combined voting power of
Technitrol, Inc.'s then outstanding securities or (b) more than fifty percent
(50%) of the assets of Technitrol, Inc. and its subsidiaries, which are used to
generate more than 50% of the earnings of Technitrol, Inc. and its subsidiaries
in any one of the last three fiscal years, are disposed of, directly or
indirectly, by Technitrol, Inc. (including stock or assets of a subsidiary(ies))
in a sale, exchange, merger, reorganization or similar transaction.

                                  ARTICLE VII

                                  MISCELLANEOUS

      7.1 Nothing contained herein shall be construed as providing for assets to
be held in trust or escrow or any other form of asset segregation for the
Participant or the Participant's surviving spouse, the Participant's only
interest being the right to receive benefits set forth herein. To the extent
that the Participant or any other person acquires a right to receive benefits
under this Plan, such right shall be no greater than the right of any unsecured
general creditor of the Company.

      7.2 Nothing contained in this Plan shall be construed as a contract of
employment between the Company and any Participant, or as a right of any
Participant

                                     - 11 -
<PAGE>
to be continued in employment of the Company, or as a limitation on the right of
the Company to discharge any of its employees, with or without cause.

      7.3 The benefits payable hereunder or the right to receive future benefits
under the Plan may not be anticipated, alienated, pledged, encumbered, or
subject to any charge or legal process.

      7.4 This Plan shall be interpreted in accordance with the laws of the
Commonwealth of Pennsylvania, except to the extent superseded by ERISA.

            IN WITNESS WHEREOF, Technitrol, Inc. has caused this Plan to be
executed by its authorized officers and its corporate seal to be impressed
hereon this 2nd day of February, 2002.

ATTEST:                                 TECHNITROL, INC.

/s/ Drew A. Moyer                       By: /s/ David W. Lacey
----------------------------------         -------------------------------------
                            [Seal]

                                     - 12 -<PAGE>
                                                                    Exhibit 10.9

                                    AGREEMENT

         THIS AGREEMENT made this 1st day of July, 1999, by and between
TECHNITROL, INC. (the "Company") and JAMES M. PAPADA, III (the "Employee").

         WHEREAS, the Company has adopted a nonqualified deferred compensation
plan known as the Technitrol, Inc. Supplemental Retirement Plan (the "Plan");

         WHEREAS, the Company has incurred or expects to incur liability under
the terms of such Plan with respect to the Employee and his beneficiary;

         WHEREAS, the Company desires to ensure that the Employee shall receive
the benefits due him under the terms of such Plan as a result of a "change of
control" of the Company.

         NOW, THEREFORE, intending to be legally bound, the Company and the
Employee agree as follows:

         1. Notwithstanding the provisions of the Plan to the contrary, in the
event of a "change of control," as defined below, the Company shall, as soon as
possible, but in no event later than ten (10) days following the change of
control, make a payment to the Employee in cash or property (whichever is
satisfactory in the absolute discretion of the Employee) of the amount that is
sufficient to pay the Employee and his beneficiary the benefits that he has
accrued under the Plan as of the date on which the change of control occurs. An
independent actuary selected by the Company and agreed to by the Employee shall
determine the amount of benefits that the Employee has accrued under the Plan.

         2. For purposes of this Agreement, the term "change of control" shall
mean the occurrence of either of the following:

                  a. any "Person" or "Persons," as defined in Sections 13(d) and
         14(d) of the Securities Exchange Act of 1934, as amended (the "Act"),
         is or becomes the

<PAGE>

         "Beneficial Owner" (as defined in Rule 13(d)-3 of the Act), directly or
         indirectly, of securities of the Company representing more than fifty
         percent (50%) of the combined voting power of the Company's then
         outstanding securities; or

                  b. more than fifty percent (50%) of the assets of the Company
         are disposed of, directly or indirectly, by the Company (including
         stock or assets of a subsidiary(ies) in a sale, exchange, merger,
         reorganization or similar transaction).

         3. In the event the Employee elects to receive payment in the form of a
lump sum in cash, the present value of the lump sum amount shall be calculated
by an independent actuary selected by the Company and agreed to by the Employee.
For purposes of determining the present value of the Employee's benefits to be
paid in a lump sum, the independent actuary shall use 1983 Group Annuity
Mortality Table and an interest rate (rounded to the nearest 2/10 of one
percent) equal to 120% of the applicable federal mid-term rate in effect under
Section 1274(d)(1) of the Internal Revenue Code of 1986, as amended (the
"Code"), for the month in which the "change of control," as defined above,
occurs.

         4. In the event the Employee elects to receive the benefits payable to
him hereunder in the form of property, the Company shall purchase such annuity
from an insurance company which is satisfactory to the Employee, in his
discretion, and shall deliver the annuity contract to the Employee.

         5. In addition to the lump sum payment of cash or an annuity, whichever
is elected by the Employee, the Company agrees to pay the Employee an additional
bonus payment, within ten (10) days following the change of control, of an
amount that is sufficient to reimburse the Employee for any federal, state or
local taxes (including, but not limited to, excise tax penalties) that he would
otherwise be responsible to pay as a result of the payment of such lump sum or

<PAGE>

annuity or as a result of the payment of such additional bonus amount to him,
including but not limited to amounts which would be payable were such payments,
or any portion of them, be considered "excess parachute payments" under Section
280G of the Code.

         6. Employee agrees that, to the extent that he receives payment in full
of the benefits provided for in this Agreement, the Company shall have no
further liability to pay him any benefits otherwise due him pursuant to the
Plan.

         7. Neither party to this Agreement shall institute a proceeding in any
court or administrative agency to resolve a dispute between the parties
hereunder before that party has sought to resolve the dispute through direct
negotiation with the other party. If the dispute is not resolved within three
weeks after a demand for direct negotiation, the parties shall attempt to
resolve the dispute through mediation. If the parties do not promptly agree on a
mediator, then either party may notify the CPR Institute for Dispute Resolution,
366 Madison Avenue, New York, New York, to initiate selection of a mediator from
the CPR Panel of Neutrals. The fees and expenses of the mediator shall be paid
one-half each by the Company and the Employee. If the mediator is unable to
facilitate a settlement of the dispute within a reasonable period of time, as
determined by the mediator, the mediator shall issue a written statement to the
parties to that effect and the aggrieved party may then seek relief through
arbitration, which shall be binding, before a single arbitrator pursuant to the
commercial Arbitration Rules of the American Arbitration Association (the
"Association"). The place of arbitration shall be New York, New York.
Arbitration may be commenced at any time by any party hereto after giving
written notice to the other party. The arbitrator shall be selected by the joint
agreement of the Company and the Employee, but if they do not agree within
twenty (20) days after the date of the notice referred to above, the selection
shall be made pursuant to the rules from the panels of

<PAGE>

the arbitrators maintained by such Association. The arbitrator shall render his
decision within one hundred twenty (120) days of appointment. Any award rendered
by the arbitrator shall be conclusive and binding upon the parties hereto;
provided, however, that any such award shall be accompanied by a written opinion
of the arbitrator giving the reasons for the award. This provision for
arbitration shall be specifically enforceable by the parties and the decision of
the arbitrator in accordance herewith shall be final and binding and there shall
be no right of appeal therefrom. Judgment upon the award rendered by the
arbitration may be entered by a court having jurisdiction thereof. The costs and
expenses of arbitration, including attorneys' fees and expenses of the
arbitrator, shall be paid entirely by the substantially non-prevailing party and
in addition the substantially non- prevailing party shall reimburse the other
party for the fees and expenses of mediation incurred by such party, unless the
arbitrator determines that the costs, expenses and attorney's fees should be
apportioned between the parties, then as the arbitrator may assess. The
arbitrator shall not be permitted to award punitive or similar type damages
under any circumstances. This arbitrator provision shall constitute the sole an
exclusive remedy for any dispute under this Agreement.

         8. Any amounts payable under this Agreement to the Employee shall not
be deemed salary or other compensation to the Employee for the purpose of
computing benefits to which he may be entitled under any other pension plan or
other arrangement of the Company for the benefit of its employees.

         9. If any of the provisions of this Agreement shall be held invalid,
the remainder of this Agreement shall not be affected thereby.

         10. This Agreement shall be binding upon and inure to the benefit of
the Company, its successors and assigns, and the Employee and his heirs,
executors, administrators and legal

<PAGE>

representatives. Notwithstanding the foregoing, the right to receive payment
hereunder is hereby expressly declared to be personal, nonassignable and
nontransferable except by will or intestacy, and in the event of any attempted
assignment or transfer of such rights contrary to the provisions hereof,
Employer shall have no further liability for payments hereunder.

         11. This Agreement shall be construed in accordance with and governed
by the laws of the Commonwealth of Pennsylvania. The Agreement may only be
amended by an agreement in writing signed by each of the parties.

         IN WITNESS WHEREOF, this Company has by its appropriate officers signed
this Agreement and affixed its seal and the Employee has signed this Agreement,
on and as of the day and year first written above.

                                           TECHNITROL, INC.

                                           By: /s/ David W. Lacey
                                               --------------------------------

                                           JAMES M. PAPADA, III

                                           /s/ James M. Papada, III
                                           ------------------------------------

<PAGE>

                                                                      Technitrol

1210 Northbrook Drive, Suite 385
Trevose, PA 19053-8406 USA
Tel 215 355 2900
http://www.technitrol.com

April 23, 2001

Mr. James M. Papada, III
[ADDRESS OMITTED]

Dear Jim:

This letter will confirm the amendment of the terms of the Agreement between you
and Technitrol, Inc. (the "Company"), dated July 1, 1999 (the "Agreement"),
which relates to the benefits due to you under the terms of the Technitrol, Inc.
Supplemental Retirement Plan (the "Plan") after a "change of control" of the
Company.

The Company has amended the Plan to provide for certain additional benefits for
participants in the event of a "change in control" of the Company and has
amended the Plan to include a definition of "change in control" which, though
now consistent in all of the Company's plans, nonetheless differs from the
definition of "change of control" in the Agreement. For good and valuable
consideration, we have agreed to amend the Agreement, effective as of the date
of this letter, to provide that the term "change of control", as used in the
Agreement, shall be changed to "change in control", as defined in the Plan and
the benefit calculation is made using the same mortality table.

Therefore, we hereby amend Paragraph 2 in the Agreement to delete subsections
(a) and (b) in their entirety and insert in their place the following:

         (a)      any "Person" or "Persons," as defined in Sections 13(d) and
                  14(b) of the Securities Exchange Act of 1934, as amended (the
                  "Act"), is or becomes the "Beneficial Owner" (as defined in
                  Rule 13(d)-3 of the Act), directly or indirectly, of
                  securities of Technitrol, Inc. representing more than twenty
                  five percent (25%) of the combined voting power of Technitrol,
                  Inc.'s then outstanding securities; or

         (b)      more than fifty percent (50%) of the assets of Technitrol,
                  Inc. and its subsidiaries, which are used to generate more
                  than 50% of the earnings of Technitrol, Inc. and its
                  subsidiaries in any one of the last three fiscal years, are
                  disposed of, directly or indirectly, by Technitrol, Inc.
                  (including stock or assets of a subsidiary(ies)) in a sale,
                  exchange, merger, reorganization or similar transaction).

<PAGE>

                                                                  April 23, 2001
                                                                     Page 2 of 2

In addition, we amend Paragraph 3 of the Agreement by deleting the reference to
the "1983 Group Annuity Mortality Table" and insert in its place the "RP-2000
Mortality Table for Males."

All of the other terms and conditions of the Agreement will remain in full force
and effect and nothing contained above shall be held to alter, vary or affect
any of the terms, provisions or conditions of the Agreement other than as
expressly stated therein.

If the foregoing accurately reflects our agreement, would you please sign below
where noted.

Sincerely,

/s/ David W. Lacey
-------------------------------
David W. Lacey
Vice President, Human Resources

                                                 ACCEPTED AND AGREED:

/s/ David W. Lacey                               /s/ James M. Papada, III
-------------------------------                  -------------------------------
David W. Lacey                                   James M. Papada, III

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