Document:

EX-10.6

 Exhibit 10.6 
 THIRD AMENDMENT TO THE 
 GARDNER DENVER, INC. SUPPLEMENTAL EXCESS

 DEFINED CONTRIBUTION PLAN 
 (Restated January 1, 2008) 
 WHEREAS, Gardner Denver, Inc. (the
“Company”) previously established the Gardner Denver, Inc. Supplemental Excess Defined Contribution Plan (the “Plan”); and 
 WHEREAS, the Company restated the Plan effective January 1, 2008; and 

WHEREAS, the Company reserved the right to amend the Plan pursuant to Article VIII thereof; and 

WHEREAS, the Company desires to modify the Plan to (i) eliminate installment forms of distributions; and (ii) eliminate subsequent
distribution election changes; 
 NOW, THEREFORE, effective as of January 1, 2013, the Plan is amended as follows:

  

	1.	The first paragraph of Section 5.2 of the Plan is amended to read as follows: 

 

	 	“5.2	Time and Form of Payment. On and after January 1, 2005, the vested balance credited to a Participant’s Separate Accounts shall be distributed
to such Participant or his Beneficiary (i) except as otherwise provided in (ii) hereof or Section 5.5, in a single lump sum payment within ninety (90) days following the date the Participant Terminates, or, if so elected by the Participant at such
time as designated by the Company, but in no event later than the day immediately preceding the first day of the calendar year to which such election relates (or, with respect to a new Participant who does not already participate in a deferred
compensation arrangement that would be aggregated with this Plan for purposes of Section 409A of the Code, within the first 30 days after becoming eligible but only with respect to amounts deferred after the effective date of such election), a lump
sum payment payable on the March 1 of the calendar year following the calendar year in which the Participant Terminates and (ii) in the case of such Participant’s Supplemental Pension Account, if any, that is distributed or commences
distribution on or before December 31, 2007, in the same manner and form as the payment of benefits of such Participant from the Gardner Denver Pension Plan. Any election regarding the time and form of distribution shall be made in accordance with
such form and procedures as the Company may establish from time to time, and, except as provided in Section 5.3 and 5.4 below, shall remain in effect with respect to all future deferrals hereunder.” 

 

	2.	Section 5.4 of the Plan is amended to read as follows: 

  

	 	“5.4	Subsequent Election Changes. Notwithstanding any provision contained herein to the contrary, a Participant may not elect to change his election as to the
time and form of distribution.” 

 IN WITNESS WHEREOF, the Company has caused this Amendment to be
executed this 31st day of December, 2012. 
  

	
	GARDNER DENVER, INC.
	
	 /s/ Michael M. Larsen

	Michael M. Larsen
	Title: President & Chief Executive Officer
	
	 /s/ Brent A. Walters

	Brent A. Walters
	 Title: Vice President, General Counsel &
 Chief Compliance OfficerEX-10.18

 Exhibit 10.18 

 

											
	 

	  	Gardner Denver, Inc.
 Nonemployee
Director
 Restricted Stock Unit Agreement

 

											
	RECIPIENT:	 	RS UNITS:	 	 DATE OF
 AWARD:
	 	 VEST
 DATE:
	 	 EXPIRATION
 DATE:

					
	«Name»	 	«RS_Units»	 	May 2, 2012	 	May 2, 2013	 	N/A

 This Nonemployee Director Restricted Stock Unit Agreement is made between Gardner Denver, Inc., a Delaware corporation
(the “Company”), and the undersigned, a Director of the Company or a subsidiary of the Company (the “Director”). 
 WITNESSETH: 
 WHEREAS, the Management Development and Compensation Committee of the Board of
Directors of the Company (the “Committee”) desires to benefit the Company by increasing motivation on the part of the Director by creating an incentive to remain a Director of the Company and to work to the very best of the Director’s
abilities; and 
 WHEREAS, to further this purpose, the Company desires to make an Award of restricted stock units to the Director under the
terms of the Gardner Denver, Inc. Long-Term Incentive Plan, as amended and restated (the “Plan”); and 
 WHEREAS, pursuant to official
action of the Committee on the date of award specified above (the “Date of Award”), the Company undertook to grant the Award contemplated by this Agreement to the Director. 
 NOW, THEREFORE, in consideration of the premises, and of the mutual agreements hereinafter set forth, it is covenanted and agreed as follows: 
 1. Grant of Restricted Stock Units. Pursuant to the terms of the Plan the Director is hereby awarded restricted stock units covering «RS_Units» shares of the Common Stock (the
“RS Units”). On any day, the value of an RS Unit shall equal the Fair Market Value of one share of Common Stock. All of the RS Units shall be subject to the prohibition on the transfer of the RS Units and the obligations to forfeit the RS
Units to the Company as set forth in Section 3 paragraph (c) of this Agreement. 
 2. Effect of the Plan. The RS Units awarded
to the Director are subject to all of the terms and conditions of the Plan, a copy of which has been provided to the Director, which terms and conditions are incorporated herein for all purposes, and of this Agreement together with all rules and
determinations from time to time issued by the Committee and by the Board pursuant to the Plan. In the event of any inconsistency or conflict between the terms of the Plan and those of this Award, the terms of the Plan shall prevail. The Company
hereby reserves the right to amend, modify, restate, supplement or terminate the Plan without the consent of the Director, so long as such amendment, modification, restatement or supplement shall not materially reduce the rights and benefits
available to the Director hereunder, and this Award shall be subject, without further action by the Company or the Director, to such amendment, modification, restatement or supplement unless provided otherwise therein. Capitalized terms used but not
defined in this Agreement shall have the meanings ascribed to such terms in the Plan. 

 3. Restrictions. The Director hereby accepts the Award of the RS Units and agrees with respect
thereto as follows: 
 (a) No Transfer. Unless otherwise determined by the Committee and provided in this Agreement or
the Plan, the RS Units shall not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred except by will or the laws of descent and distribution. Any attempted assignment of an RS Unit in violation of this Agreement shall be null
and void. The Company shall not be required to honor the transfer of any RS Units that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or the Plan. 

(b) Arbitration. The Company and Director agree that any claim, dispute or controversy arising under or in connection with this
Agreement (including, without limitation, any such claim, dispute or controversy arising under any federal, state or local statute, regulation or ordinance or any of the Company’s Director benefit plans, policies or programs) shall be resolved
solely and exclusively by binding arbitration. The arbitration shall be held in the city of Philadelphia (or at such other location as shall be mutually agreed by the parties). The arbitration shall be conducted in accordance with the Expedited
Employment Arbitration Rules (the “Rules”) of the American Arbitration Association (the “AAA”) in effect at the time of the arbitration, except that the arbitrator shall be selected by alternatively striking from a list of five
arbitrators supplied by the AAA. All fees and expenses of the arbitration, including a transcript if either requests, shall be borne equally by the parties. If the Director prevails as to any material issue presented to the arbitrator, the entire
cost of such proceedings (including, without limitation, Director’s reasonable attorneys’ fees) shall be borne by the Company. If the Director does not prevail as to any material issue, each party will pay for the fees and expenses of its
own attorneys, experts, witnesses, and preparation and presentation of proofs and post-hearing briefs (unless the party prevails on a claim for which attorney’s fees are recoverable under the Rules). Any action to enforce or vacate the
arbitrator’s award shall be governed by the Federal Arbitration Act, if applicable, and otherwise by applicable state law. If either the Company or the Director pursues any claim, dispute or controversy against the other in a proceeding other
than the arbitration provided for herein, the responding party shall be entitled to dismissal or injunctive relief regarding such action and recovery of all costs, losses and attorney’s fees related to such action. Notwithstanding the
provisions of this paragraph, either party may seek injunctive relief in a court of competent jurisdiction, whether or not the case is then pending before the panel of arbitrators. Following the court’s determination of the injunction issue,
the case shall continue in arbitration as provided herein. 
 (c) Forfeiture of RS Units. If (i) the Director
terminates service with the Company prior to the date on which he or she becomes vested in the RS Units pursuant to paragraph (d) of this Section 3 for any reason other than the Director’s death, Disability or Retirement, or
(ii) the Director (or the Director’s estate) shall initiate a legal proceeding against the Company in connection with this Agreement (including, without limitation, any such claim, dispute or controversy arising under any federal, state or
local statute, regulation or ordinance or any of the Company’s director benefit plans, policies or programs) other than pursuant to the terms of Arbitration Procedure described in paragraph (b) of this Section 3, then the Director (or
the Director’s estate, as applicable) shall, for no consideration, forfeit such unvested RS Units; provided, however, that the Committee or its designee may, in the Committee’s or the designee’s sole and absolute discretion, as
applicable, and to the extent consistent with Code Section 409A, provide for the acceleration of the vesting of the RS Units, in whole or in part, on a pro rata basis, or otherwise, or not at all, eliminate or make less restrictive any
restrictions contained in this Agreement, waive any restriction or other provision of the Plan or this Agreement or otherwise amend or modify this Agreement in any manner that is either (i) not adverse to the Director, or (ii) consented to
by the Director; provided, however that the Committee shall not reduce the vesting period to less than twelve months. 
 (d)
Vesting of RS Units. If the Director provides continuous service to the Company and its Subsidiaries, as determined by the Committee or its designee, in the Committee’s or the designee’s sole and absolute discretion, as applicable,
[until the [first] [third] anniversary of the Date of Award, the Director shall vest in one hundred percent (100%) of the RS Units (“Vesting Anniversary”)] [OR] [until the first anniversary of the Date of Award, the Director shall
vest in [33 1/3%] of the aggregate number of RS Units specified above, which percentage shall increase to [66 2/3%] of such number on the second anniversary of the Date of Award and [100%] of such number on the third anniversary of the Date of Award
(each such anniversary, a “Vesting Anniversary”)]. 
 (e) Vesting upon Death or Disability. Upon the
Director’s death or Disability, the Director shall vest in and have a non-forfeitable right to one hundred percent (100%) of the RS Units. 

  
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 (f) Vesting Upon Retirement. If the Director’s cessation of service with the
Company is on account of Retirement prior to the date on which the Director becomes fully vested in his RS Units, the Director shall vest in and have, subject to the other provisions of this Agreement, a right in the RS Units at the same time and to
the same extent such RS Units would have otherwise vested if the Director had continuously performed services for the Company. For purposes of this Restricted Stock Unit Agreement, “Retirement” means cessation of service following a
Participant’s attainment of age 70.  
 (g) Vesting upon a Change in Control. If a Change in Control
occurs during the term of this Agreement, the Director shall vest in and have a non-forfeitable right to one hundred percent (100%) of the RS Units, as provided pursuant to Section 21 of the Plan. 

(h) Rights. RS Units represent an unsecured promise of the Company to issue shares of Common Stock of the Company as otherwise
provided in this Agreement. Other than the rights provided in this Agreement, the Director shall have no rights of a stockholder of the Company until such RS Units have vested and the related shares of Common Stock have been issued pursuant to the
terms of this Agreement. 
 (i) Issuance of Common Stock. The Company will issue to the Director the shares of Common
Stock underlying the vested RS Units on the earliest of (i) [the] [OR] [each applicable] Vesting Anniversary (but only with respect to such RS Units that were scheduled to vest on such Vesting Anniversary under Section 3(d)), (ii) a
Change in Control (provided such event qualifies as a change in control event within the meaning of Section 409A of the Code), or (iii) the Director’s death or Disability (provided such event qualifies as a disability within the
meaning of Section 409A of the Code). In the event of the Director’s death after vesting and before issuance of his or her shares, such shares of Common Stock shall be distributed to the Director’s beneficiary designated by the
Director on such form and in such manner as may be prescribed by the Company or, if the Director fails to designate a beneficiary in accordance with the foregoing, to the Director’s surviving spouse or, if there is no surviving spouse, in equal
shares to the Director’s surviving children or, if there are no surviving children, to the Director’s estate. Evidence of the issuance of the shares of Common Stock pursuant to this Agreement may be accomplished in such manner as the
Company or its authorized representatives shall deem appropriate including, without limitation, electronic registration, book-entry registration or issuance of a certificate or certificates in the name of the Director or in the name of such other
party or parties as the Company and its authorized representatives shall deem appropriate. 
 (j) Dividend Equivalent
Rights. If the Company declares and pays a cash dividend on shares of Common Stock, then, on the dividend payment date, the Company will credit to a bookkeeping account in the name of each person who holds RS Units, an amount equal to the
dividend the holder would have received on the dividend payment date if the shares covered by his or her RS Units (held on both the dividend record date and the dividend payment date) had been issued and outstanding. The amount of the cash dividend
equivalent credited to an individual’s account will become vested, without interest, if at all, when the corresponding RS Units become vested and the vested amount of such cash dividend equivalent will be payable to such individual at the same
time the corresponding RS Units become payable. In the event the shares of Common Stock issued pursuant to this Agreement remain subject to any additional restrictions, the Company and its authorized representatives shall ensure that the Director is
prohibited from entering into any transaction, which would violate any such restrictions, until such restrictions lapse. 
 4. Specified
Employee Delay. Notwithstanding anything herein to the contrary, in the event that the Director qualifies as a provider and is determined to be a specified employee within the meaning of Section 409A of the Code, issuance of shares of
Common Stock or other payment on account of a separation from service shall be made on the first payroll date which is more than six months following the date of the Director’s separation from service to the extent required to avoid any adverse
tax consequences under Section 409A of the Code. 
 5. Community Interest of Spouse. The community interest, if any, of any spouse
of the Director in any of the RS Units shall be subject to all of the terms, conditions and restrictions of this Agreement and the Plan, and shall be forfeited and surrendered to the Company upon the occurrence of any of the events requiring the
Director’s interest in such RS Units to be so forfeited and surrendered pursuant to this Agreement. 
 6. Binding Effect. This
Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Director. 

  
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 7. Tax Matters. The Director acknowledges that the tax consequences associated with the Award are
complex and that the Company has urged the Director to review with the Director’s own tax advisors the federal, state, and local tax consequences of this Award. The Director is relying solely on such advisors and not on any statements or
representations of the Company or any of its agents. The Director understands that the Director (and not the Company) shall be responsible for the Director’s own tax liability that may arise as a result of this Agreement. 

 8. No Right to Continued Service. Nothing in this Agreement shall be deemed to create any limitation or restriction on such rights as
the Company otherwise would have to terminate the service of the Director. For purposes of this Agreement, performance of services for a parent or subsidiary of or a successor to the Company shall be considered performance of services for the
Company. 
 9. Committee Discretion. 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. 
 10. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware without reference to its principles of conflict of laws. 
 11. Entire Agreement. This
Agreement sets forth the entire agreement, and supersedes all other agreements and understandings, whether oral or written, by and between the parties relating to the subject matter hereof. 
 12. Severability. In the event any provision of this Agreement is found to be unlawful, void or unenforceable, the remaining provisions of this Agreement shall remain in force and valid.

 THE DIRECTOR ACKNOWLEDGES AND AGREES THAT THE RS UNITS SUBJECT TO THIS AWARD SHALL VEST AND THE RESTRICTIONS RESULTING IN THE FORFEITURE OF
THE RS UNIT SHALL LAPSE, IF AT ALL, ONLY DURING THE PERIOD OF DIRECTOR’S SERVICE TO THE COMPANY OR AS OTHERWISE PROVIDED IN THIS AGREEMENT (NOT THROUGH THE ACT OF BEING GRANTED THE RS UNITS). THE DIRECTOR FURTHER ACKNOWLEDGES AND AGREES THAT
NOTHING IN THIS AGREEMENT OR THE PLAN SHALL CONFER UPON DIRECTOR ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF DIRECTOR’S SERVICE TO THE COMPANY. The Director acknowledges receipt of a copy of the Plan, represents that he or she is
familiar with the terms and provisions thereof, and hereby accepts the Restricted Stock Unit Award subject to all of the terms and provisions hereof and thereof, including the mandatory Dispute Resolution Procedure. The Director has reviewed this
Agreement and the Plan in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement, and fully understands all provisions of this Agreement and the Plan. 

THE DIRECTOR ACKNOWLEDGES AND UNDERSTANDS THAT THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION THAT MAY BE ENFORCED BY THE PARTIES. 

[Signature page follows] 

  
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 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an authorized
officer and the Director has executed this Agreement, all as of the date first above written. 
  

			
	GARDNER DENVER, INC.
		
	By:	 	/s/ Brent Walters
	Title:	 	 Vice President, General Counsel, Chief
 Chief Compliance Officer & Secretary

	
	DIRECTOR
		
	Signed:	 	 
		 	«Name»
		
	Dated:	 	 

  
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