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                                                                 Exhibit 10.8
                            GARDNER DENVER, INC.
                      INCENTIVE STOCK OPTION AGREEMENT

This Agreement is made between Gardner Denver, Inc., a Delaware corporation,
having its principal executive office in Quincy, Illinois (the "Company"),
and the undersigned, an employee of the Company or a subsidiary of the
Company (the "Employee").

The parties have agreed as follows:

     1. Pursuant to the Gardner Denver, Inc. Long-Term Incentive Plan, as
     amended, (the "Plan"), the Company grants to the Employee an incentive
     option to purchase the number of shares of the Company's common stock,
     par value $0.01 per share (the "Shares"), specified above, at the price
     specified above, subject to the following conditions:

     (a) Subject to Sections 2 and 3, the option rights shall be exercisable
         only if and after the Employee shall have remained in the employ of
         the Company for one year from the date of grant of this option (the
         "Grant Date"), at which time such rights shall become exercisable
         to the extent of 33 1/3% of the aggregate number of Shares
         specified above, which percentage shall increase to 66 2/3% of such
         number after two years from the Grant Date and 100% of such number
         after three years from the Grant Date.

     (b) Subject to Sections 2 and 3, the option rights shall be exercisable
         only by the Employee and only if the Employee has remained
         continuously in the employ of the Company from the Grant Date.

     (c) The option rights shall expire at the Expiration Date specified
         above, or at such earlier time as may be provided by Section 2, 3
         or 13, or by cash payments made in complete or partial cancellation
         pursuant to Section 8, and such option rights shall not be
         exercisable after such expiration.

     2. Option rights shall terminate if the Employee shall cease to be
     employed by the Company, as follows:

     (a) If such cessation of employment is occasioned by any reason other
         than retirement, disability or death, the option rights shall
         terminate immediately;

     (b) If such cessation of employment is occasioned by retirement in
         accordance with any retirement plan of the Company then in effect,
         then the Employee at any time within five years following such
         retirement (but not after the Expiration Date) may exercise the
         option rights to the extent of 100% of the Shares covered by this
         option (notwithstanding the extent to which the Employee otherwise
         was entitled to exercise the same immediately prior to such
         retirement), and

     (c) If such cessation of employment is occasioned by the Employee's
         disability, then the Employee at any time within five years
         following such cessation of employment (but not after the
         Expiration Date) may exercise the option rights to the extent of
         100% of the Shares covered by this option (notwithstanding the
         extent to which the Employee otherwise was entitled to exercise the
         same immediately prior to such cessation of employment).

     3. If the Employee shall die while in the employ of the Company or
     shall die within the five-year period during which the option rights
     may be exercised following retirement or disability, then within the
     year next succeeding the Employee's death (but not after the Expiration
     Date), the person entitled by will or the applicable laws of descent
     and distribution may exercise the option rights to the extent of 100%
     of the Shares covered by this option (notwithstanding the extent to
     which the Employee otherwise was entitled to exercise the same
     immediately prior to death).

     4. This option may be exercised by delivering to the Company at its
     principal executive office (directed to the attention of the Corporate
     Secretary, or if the Corporate Secretary is the employee concerned,
     then to the attention of the President or a Vice President) a written
     notice, signed by the Employee or a person entitled to exercise the
     option, as the case may be, of the election to exercise the option and
     stating the number of Shares in respect of which it is then being
     exercised. The option shall be deemed exercised as of the date the
     Company receives such notice. As an essential part of such notice, it
     shall be accompanied by payment of the full purchase price of the
     Shares then being purchased. In the event the option shall be exercised
     by any person other than the Employee, such notice shall be accompanied
     by appropriate evidence of the right of such person to exercise the
     option. Payment of the full purchase price may be made in (a) cash, (b)
     Shares, or (c) any combination of cash and Shares, provided that any
     Shares used by the Employee in payment of the

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     purchase price must have been held by the Employee for a period of more
     than six months, and provided further that the Company reserves the
     right to prohibit the use of Shares as payment of the purchase price.
     Shares used in payment of the purchase price shall be valued at the
     average of the high and low trading prices of such Shares on the
     composite tape of the New York Stock Exchange or as reported in the
     consolidated transaction reporting system for the date of exercise.
     Upon the proper exercise of the option, the Company shall issue in the
     name of the person exercising the option, and deliver to such person, a
     certificate or certificates for the Shares purchased, or shall
     otherwise properly evidence the purchase of such Shares in the
     Company's stock records. The Employee shall have no rights as a
     stockholder in respect of any Shares as to which the option shall not
     have been effectively exercised as provided in this Agreement.

     5. This option shall not be exercisable if such exercise would violate
     (a) any applicable requirement under the Securities Act of 1933, as
     amended (the "Act"), the Securities Exchange Act of 1934, as amended,
     or the listing requirements of any stock exchange; (b) any applicable
     state securities law; or (c) any other applicable legal requirement.

     Furthermore, if a registration statement with respect to the Shares to
     be issued upon the exercise of this option is not in effect or if
     counsel for the Company deems it necessary or desirable in order to
     avoid possible violation of the Act, the Company may require, as a
     condition to its issuance of the Shares, the delivery to the Company of
     a commitment in writing by the person exercising the option that at the
     time of such exercise it is the person's intention to acquire such
     Shares for the person's own account for investment only and not with a
     view to, or for resale in connection with, the distribution of such
     Shares, that such person understands that the Shares may be "restricted
     securities" as defined in Rule 144 issued under the Act, and that any
     resale, transfer or other disposition of the Shares will be
     accomplished only in compliance with Rule 144, the Act, or other or
     subsequent applicable rules and regulations under the Act. The Company
     may place on the certificates evidencing such Shares an appropriate
     legend reflecting such commitment and the Company may refuse to permit
     transfer of such Shares until it has been furnished evidence
     satisfactory to it that no violation of the Act or the applicable rules
     and regulations would be involved in such transfer.

     6. The Employee acknowledges that this option has been granted in
     anticipation of future services being rendered by the Employee to the
     Company. In consideration of the granting of this option by the
     Company, the Employee agrees to remain in the employ of the Company for
     a period of not less than one year from the Grant Date unless during
     that period the Employee's employment ceases on account of disability,
     retirement in accordance with a retirement plan of the Company, or with
     the consent of the Company. Nothing contained in this Agreement shall
     limit or restrict any right the Company would otherwise have to
     terminate the employment of the Employee.

     7. This option and the related option rights are not assignable or
     transferable or subject to any disposition of the Employee otherwise
     than by will or by the laws of descent and distribution.

     8. If (i) the Company is to be merged into or consolidated with one or
     more corporations and the Company is not to be the surviving
     corporation, (ii) the Company is to be dissolved and liquidated, (iii)
     substantially all the assets and business of the Company are to be
     sold, or (iv) there occurs a "change of control" of the Company, then
     the committee of the Board of Directors that administers the Plan (the
     "Committee") may, in its sole discretion, with respect to any or all
     options then outstanding under this Agreement, both (a) on or at any
     time prior to the effective date of such merger, consolidation,
     dissolution and liquidation, or sale, and upon or at any time after a
     change of control, cause the option or any portion of the option to
     become exercisable in full immediately regardless of any provisions in
     this Agreement concerning exercisability and (b) at any time during the
     20-day period ending on the effective date of such merger,
     consolidation, dissolution or sale or during the 20-day period
     beginning on the date of a change of control or, if later, the date the
     Company has notice of a change of control, cancel any option in whole
     or in part by payment in cash to the Employee of an amount equal to the
     excess, but only if the amount is positive, of the fair market value of
     the Company's Shares on the date of the cancellation over the option
     price per Share times the number of Shares covered by the option or
     portion of the option so canceled. For purposes of this Agreement, a
     "change of control" of the Company shall be as defined in Section 2 of
     the Plan.

     9. For purposes of this Agreement, employment by a parent or subsidiary
     of or a successor to the Company shall be considered employment by the
     Company.

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     10. The Committee shall have authority, subject to the express
     provisions of the Plan, to construe this Agreement and the Plan, to
     establish, amend and rescind rules and regulations relating to the
     Plan, and to make all other determinations in the judgment of the
     Committee necessary or desirable for the administration of the Plan.
     The Committee may correct any defect or supply any omission or
     reconcile any inconsistency in the Plan or in this Agreement in the
     manner and to the extent it shall deem expedient to carry the Plan into
     effect. All action by the Committee under the provisions of this
     paragraph shall be conclusive for all purposes.

     11. The Employee agrees to notify the Company promptly of the
     disposition, whether by sale, exchange or otherwise, of any Shares
     acquired pursuant to the exercise of this option if such disposition
     occurs within one year from the acquisition of the Shares. Such notice
     shall state the date and manner of disposition and the proceeds, if
     any, received by the Employee.

     12. This Agreement and the option granted under this Agreement shall be
     subject to all of the provisions of the Plan as are in effect from time
     to time, which provisions of the Plan shall govern if there is any
     inconsistency between this Agreement and the Plan.

     13. If the Employee, as individual or as a partner, employee, agent,
     advisor, consultant or in any other capacity of or to any person, firm,
     corporation or other entity, directly or indirectly, carries on any
     business, or becomes involved in any business activity, competitive
     with the Company or any subsidiary, the Committee in its sole
     discretion, may require the Employee to forfeit immediately, without
     consideration from the Company, any portion of the option (including
     the right to purchase the underlying shares of Common Stock relating to
     such portion) which was not exercised prior to the event in violation
     of this Section 13. In such event, such portion of the option shall
     immediately become void and of no force and effect.

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                                                                  Exhibit 10.9
                            GARDNER DENVER, INC.
                     NONSTATUTORY STOCK OPTION AGREEMENT

This Agreement is made between Gardner Denver, Inc., a Delaware corporation,
having its principal executive office in Quincy, Illinois (the "Company"),
and the undersigned, an employee of the Company or a subsidiary of the
Company (the "Employee").

The parties have agreed as follows:

     1. Pursuant to the Gardner Denver, Inc. Long-Term Incentive Plan, as
     amended, (the "Plan"), the Company grants to the Employee a
     nonstatutory option to purchase the number of shares of the Company's
     common stock, par value $0.01 per share (the "Shares"), specified
     above, at the price specified above, subject to the following
     conditions:

     (a) Subject to Sections 2 and 3, the option rights shall be exercisable
         only if and after the Employee shall have remained in the employ of
         the Company for one year from the date of grant of this option (the
         "Grant Date"), at which time such rights shall become exercisable
         to the extent of 33 1/3% of the aggregate number of Shares
         specified above, which percentage shall increase to 66 2/3% of such
         number after two years from the Grant Date and 100% of such number
         after three years from the Grant Date.

     (b) Subject to Sections 2, 3 and 7, the option rights shall be
         exercisable only by the Employee and only if the Employee has
         remained continuously in the employ of the Company from the Grant
         Date.

     (c) The option rights shall expire at the Expiration Date specified
         above, or at such earlier time as may be provided by Section 2, 3
         or 13, or by cash payments made in complete or partial cancellation
         pursuant to Section 8, and such option rights shall not be
         exercisable after such expiration.

     2. Option rights shall terminate if the Employee shall cease to be
     employed by the Company, as follows:

     (a) If such cessation of employment is occasioned by any reason other
         than retirement, disability or death, the option rights shall
         terminate immediately;

     (b) If such cessation of employment is occasioned by retirement in
         accordance with any retirement plan of the Company then in effect,
         then the Employee at any time within five years following such
         retirement (but not after the Expiration Date) may exercise the
         option rights to the extent of 100% of the Shares covered by this
         option (notwithstanding the extent to which the Employee otherwise
         was entitled to exercise the same immediately prior to such
         retirement); and

     (c) If such cessation of employment is occasioned by the Employee's
         disability, then the Employee at any time within five years
         following such cessation of employment (but not after the
         Expiration Date) may exercise the option rights to the extent of
         100% of the Shares covered by this option (notwithstanding the
         extent to which the Employee otherwise was entitled to exercise the
         same immediately prior to such cessation of employment).

     3. If the Employee shall die while in the employ of the Company or
     shall die within the five-year period during which the option rights
     may be exercised following retirement or disability, then within the
     year next succeeding the Employee's death (but not after the Expiration
     Date), the person entitled by will or the applicable laws of descent
     and distribution may exercise the option rights to the extent of 100%
     of the Shares covered by this option (notwithstanding the extent to
     which the Employee otherwise was entitled to exercise the same
     immediately prior to death).

     4. This option may be exercised by delivering to the Company at its
     principal executive office (directed to the attention of the Corporate
     Secretary, or if the Corporate Secretary is the employee concerned,
     then to the attention of the President or a Vice President) a written
     notice, signed by the Employee or a person entitled to exercise the
     option, as the case may be, of the election to exercise the option and
     stating the number of Shares in respect of which it is then being
     exercised. The option shall be deemed exercised as of the date the
     Company receives such notice. As an essential part of such notice, it
     shall be accompanied by (a) payment of the full purchase price of the
     Shares then being purchased and (b) satisfaction, or agreement with the
     Company as to the manner of satisfaction, of any taxes required by law
     to be withheld due to the exercise of the option, including an exercise
     by a transferee to whom the Employee has transferred the option in
     accordance with Section 7. In the event the option shall be exercised
     by any person other than the Employee, such notice shall be accompanied
     by appropriate evidence of the right of such person to exercise the
     option. Payment of the full purchase price may be made in (a) cash, (b)
     Shares, or (c) any combination of cash and Shares, provided that any
     Shares used by the Employee in payment of the purchase price must have
     been held by the Employee for a period of more than six months, and
     provided further that the Company reserves the right to prohibit the
     use of Shares as payment of the purchase price. Shares used in payment
     of the purchase price shall be valued at the average of the high and
     low trading prices of such Shares on the composite tape of the New York
     Stock Exchange or as reported in the consolidated transaction reporting
     system for the date of exercise. Upon the proper exercise of the
     option, the Company shall issue in the name of the person exercising
     the option, and deliver to such person, a certificate or certificates
     for the Shares purchased, or shall otherwise properly evidence the
     purchase of such Shares

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     in the Company's stock records. The Employee shall have no rights as a
     stockholder in respect of any Shares as to which the option shall not
     have been effectively exercised as provided in this Agreement.

     5. This option shall not be exercisable if such exercise would violate
     (a) any applicable requirement under the Securities Act of 1933, as
     amended (the "Act"), the Securities Exchange Act of 1934, as amended,
     or the listing requirements of any stock exchange; (b) any applicable
     state securities law; or (c) any other applicable legal requirement.

     Furthermore, if a registration statement with respect to the Shares to
     be issued upon the exercise of this option is not in effect or if
     counsel for the Company deems it necessary or desirable in order to
     avoid possible violation of the Act, the Company may require, as a
     condition to its issuance of the Shares, the delivery to the Company of
     a commitment in writing by the person exercising the option that at the
     time of such exercise it is the person's intention to acquire such
     Shares for the person's own account for investment only and not with a
     view to, or for resale in connection with, the distribution of such
     Shares, that such person understands that the Shares may be "restricted
     securities" as defined in Rule 144 issued under the Act, and that any
     resale, transfer or other disposition of the Shares will be
     accomplished only in compliance with Rule 144, the Act, or other or
     subsequent applicable rules and regulations under the Act. The Company
     may place on the certificates evidencing such Shares an appropriate
     legend reflecting such commitment and the Company may refuse to permit
     transfer of such Shares until it has been furnished evidence
     satisfactory to it that no violation of the Act or the applicable rules
     and regulations would be involved in such transfer.

     6. The Employee acknowledges that this option has been granted in
     anticipation of future services being rendered by the Employee to the
     Company. In consideration of the granting of this option by the
     Company, the Employee agrees to remain in the employ of the Company for
     a period of not less than one year from the Grant Date unless during
     that period the Employee's employment ceases on account of disability,
     retirement in accordance with a retirement plan of the Company, or with
     the consent of the Company. Nothing contained in this Agreement shall
     limit or restrict any right the Company would otherwise have to
     terminate the employment of the Employee.

     7. This option shall be assignable and transferable by will or by the
     laws of descent and distribution. In addition, the Employee shall have
     the right, subject to the provisions of this Section 7, to transfer all
     or any portion of the option granted under this Agreement, for estate
     planning purposes, to (a) the Employee's spouse, children,
     grandchildren, parents, siblings, stepchildren, stepgrandchildren or
     in-laws ("Family Members"), (b) entities that are exclusively
     family-related, including trusts for the exclusive benefit of Family
     Members and limited partnerships or limited liability companies in
     which Family Members are the only partners or members, or (c) such
     other persons or entities specifically approved by the committee of the
     Board of Directors that administers the Plan (the "Committee"). Any
     option or portion of an option transferred by the Employee in
     accordance with this Section 7 shall remain subject to the same terms
     and conditions as were applicable immediately prior to the transfer,
     including those provisions regarding exercisability of the option
     following the cessation of employment of the Employee by the Company
     and the death of the Employee, except that no transferee may further
     transfer an option or portion of an option transferred by the Employee
     in accordance with this Section 7, other than by will or the laws of
     descent and distribution. In order to effect a transfer in accordance
     with this Section 7, the Employee shall deliver to the Company (in the
     manner set forth in Section 4) a Notice of Transfer of Option
     substantially in the form attached to this Agreement.

     8. If (i) the Company is to be merged into or consolidated with one or
     more corporations and the Company is not to be the surviving
     corporation, (ii) the Company is to be dissolved and liquidated, (iii)
     substantially all the assets and business of the Company are to be
     sold, or (iv) there occurs a "change of control" of the Company, then
     the Committee may, in its sole discretion, with respect to any or all
     options then outstanding under this Agreement, both (a) on or at any
     time prior to the effective date of such merger, consolidation,
     dissolution and liquidation, or sale, and upon or at any time after a
     change of control, cause the option or any portion of the option to
     become exercisable in full immediately regardless of any provisions in
     this Agreement concerning exercisability and (b) at any time during the
     20-day period ending on the effective date of such merger,
     consolidation, dissolution or sale or during the 20-day period
     beginning on the date of a change of control or, if later, the date the
     Company has notice of a change of control, cancel any option in whole
     or in part by payment in cash to the Employee of an amount equal to the
     excess, but only if the amount is positive, of the fair market value of
     the Company's Shares on the date of the cancellation over the option
     price per Share times the number of Shares covered by the option or
     portion of the option so canceled. For purposes of this Agreement, a
     "change of control" of the Company shall be as defined in Section 2 of
     the Plan.

     9. For purposes of this Agreement, employment by a parent or subsidiary
     of or a successor to the Company shall be considered to be employment
     by the Company.

     10. The Committee shall have authority, subject to the express
     provisions of the Plan, to construe this Agreement and the Plan, to
     establish, amend and rescind rules and regulations relating to the
     Plan, and to make all other determinations in the judgment of the
     Committee necessary or desirable for the administration of the Plan.
     The Committee may correct any defect or supply any omission or
     reconcile any inconsistency in the Plan or in this Agreement in the
     manner and to the extent it shall deem expedient to carry the Plan into
     effect. All action by the Committee under the provisions of this
     paragraph shall be conclusive for all purposes.

     11. The Employee agrees to notify the Company promptly of the
     disposition, whether by sale, exchange or otherwise, of any Shares
     acquired pursuant to the exercise of this option if such disposition
     occurs within one year from the acquisition of the Shares. Such notice
     shall state the date and manner of disposition and the proceeds, if
     any, received by the Employee.

     12. This Agreement and the option granted under this Agreement shall be
     subject to all of the provisions of the Plan as are in effect from time
     to time, which provisions of the Plan shall govern if there is any
     inconsistency between this Agreement and the Plan.

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     13. If the Employee, as individual or as a partner, employee, agent,
     advisor, consultant or in any other capacity of or to any person, firm,
     corporation or other entity, directly or indirectly, carries on any
     business, or becomes involved in any business activity, competitive
     with the Company or any subsidiary, the Committee in its sole
     discretion, may require the Employee to forfeit immediately, without
     consideration from the Company, any portion of the option (including
     the right to purchase the underlying shares of Common Stock relating to
     such portion) which was not exercised prior to the event in violation
     of this Section 13. In such event, such portion of the option shall
     immediately become void and of no force and effect.

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