Document:

Form of Executive Severance Protection and Restrictive Covenant Agreement

 Exhibit 10.25 
  
 Alliance Laundry Systems LLC 
 P.O. Box 990 
 Ripon, Wisconsin 54971 
  
 Form of Executive Severance Protection and Restrictive Covenant Agreement

  
                          , 2005 
  

«Name» 
 «Address» 
  
 Dear «First_Name»: 
  
 Reference is made to (i) the Unit Purchase Agreement (the “UPA”) dated as of December 7, 2004, by
and among Alliance Laundry Holdings LLC, its Securityholders and ALH Holding Inc. (“ALH”) and (ii) the term sheet letter agreement dated as of December 7, 2004, between ALH and Messrs. L’Esperance, Brothers, Rounds,
Przybysz, Gaster, Wallace and Spiller (the “Term Sheet”). 
  
 Pursuant to Annex A-2 of the Term Sheet, the Board of Directors of ALH has authorized and approved that terms of this severance protection and restrictive covenant agreement and has caused Alliance Laundry Systems LLC
(the “Company”) to enter into this agreement with you. 
  
 If your employment with the Company is terminated by the Company without Cause (as defined in Appendix A hereto), you will receive (a) monthly salary continuation (subject to withholding) for a period of twelve (12) months from the
date of your termination, (b) continuation of your then current medical, dental and health benefits for a period of twelve (12) months at the Company’s expense from the date of termination, and (c) a pro-rata portion of the annual
bonus that you otherwise would have earned for the year of termination pursuant to the Company’s annual bonus plan (prorated based on the portion of the calendar year for which you were employed), plus any unpaid annual bonus payment arising
from the prior year of service. The severance amounts and other termination benefits you receive hereunder shall be in lieu of any other severance and termination benefits that you otherwise may have been entitled to receive from the Company and its
affiliates pursuant to any severance plan or any prior agreements or similar arrangements between you and the Company and its affiliates (other than any retention bonus you may be entitled to receive pursuant to your retention bonus agreement with
the Company dated as of the date hereof). Furthermore, this letter agreement shall supercede the terms of any prior agreements, arrangements or understandings between you and the Company and its affiliates regarding the matters described herein.
None of the above shall be dimished, waived or revoked should you 

  

 
subsequently become reemployed elsewhere. Your equity interests (including stock options) in ALH will be governed by separate agreements, and are beyond the
scope of this letter. 
  
 If you are terminated by the Company for
Cause, you will receive only the monthly salary accrued and owing to you as of the date termination, which you hereby understand does not include any interests for your then accrued, or yet unpaid annual bonus(es), to which you forfeit any and all
rights. As earlier stated, your equity interests in ALH will be governed by separate agreement, and are beyond the scope of this letter. 
  
 In consideration of the enhanced severance benefit protection afforded to you hereunder, you hereby acknowledge that in the course of your employment with
the Company you have and shall become familiar with the Company’s trade secrets and with other confidential information concerning the Company and its predecessors and its subsidiaries and that your services have been and shall be of special,
unique and extraordinary value to the Company and its subsidiaries. Therefore, you agree that, during your period of employment with the Company and for 12 months thereafter (the “Noncompete Period”), you shall not directly or
indirectly own any interest in, manage, control, participate in, consult with, render services for, or in any manner engage in any business competing with the businesses of the Company or its subsidiaries, as such businesses exist or are in process
on the date of the termination of your employment, within any geographical area in which the Company or its subsidiaries engage or plan to engage in such businesses. Nothing herein shall prohibit you from being a passive owner of not more than 2% of
the outstanding stock of any class of a corporation which is publicly traded, so long as you have no active participation in the business of such corporation. 
  

During the Noncompete Period, you shall not directly or indirectly through another entity (i) induce or attempt to induce any employee of the
Company or any subsidiary to leave the employ of the Company or such subsidiary, or in any way interfere with the relationship between the Company or any subsidiary and any employee thereof, (ii) hire any person who was an employee of the
Company or any subsidiary at any time during your employment with the Company or (iii) induce or attempt to induce any customer, supplier, licensee, licensor, franchisee or other business relation of the Company or any subsidiary to cease
doing business with the Company or such subsidiary, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any subsidiary (including, 

  

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without limitation, making any negative statements or communications about the Company or its subsidiaries). 
  

			
	Yours sincerely,
	
	ALLIANCE LAUNDRY SYSTEMS LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

	
	 Acknowledged and Agreed:

	
	  
	 «Name»

  

 3 

  
 APPENDIX A

  
 As used herein, the following terms shall have the meanings
set forth below: 
  
 “Cause” shall mean
(i) the commission of a felony or the commission of any act or omission involving moral turpitude, dishonesty, disloyalty or fraud, (ii) conduct tending to bring the Company or any of its affiliates into public disgrace or disrepute,
(iii) gross negligence or willful misconduct with respect to the Company or any of its affiliates, (iv) failure to accept and cooperate with actions and initiatives assigned to you by the Board of Directors of the Company, the Chief
Executive Officer, or your direct supervisor, or (v) you or any member of your family shall engage in any Restricted Activity with any customer, supplier or other person having a business relation with the Company, without the prior written
approval of the Board of Directors of the Company. 
  
 “Restricted Activity” means directly or indirectly owning any interest in, managing, controlling, participating in, consulting with, rendering services for, or in any manner engaging in any business with any customer,
supplier or other person having a business relation with the Company; provided however that the term Restricted Activity shall not include passive ownership of less than 2% of the outstanding stock of any class of a corporation which is publicly
traded, so long as the you have no active participation in the business of that corporation. 
  

 4Form of Closing Bonus Letter Agreement of Alliance Laundry Holdings

  
 Exhibit 10.26

 Alliance Laundry Holdings LLC 
 P.O. Box 990 
 Ripon, Wisconsin 54971 
  
 December     , 2004 
  
  
 Dear [Executive]: 
  
 To recognize your dedication and commitment to Alliance Laundry Holdings LLC (the “Company”), the Company
is pleased to inform you of your participation in a special bonus program, as set out in this letter. 
  
 Your bonus amount is $                    
(your “Closing Bonus”). Your Closing Bonus will be paid to you on the day on which the transactions contemplated by the Unit Purchase Agreement are consummated. 
  
 In the event that your employment with the Company and its subsidiaries terminates for any reason other than as a result of
(a) a termination by the Company and its subsidiaries without Cause or (b) death, Disability, or Retirement, all amounts due to be paid to you herein but not yet paid shall be permanently and irrevocably forfeited by you to the Company as of the
date you cease to be an employee. In the event your employment terminates because of (a) a termination by the Company without Cause or (b) death, Disability, or Retirement, you will continue to receive all amounts in the manner set forth herein.

  
 Any rights that you may have in this arrangement shall be the
rights of an unsecured creditor of the Company. 
  
 The terms
Cause, Disability, Retirement, and Unit Purchase Agreement have the meanings set forth in Appendix A to this letter. The amounts payable to you pursuant to this letter will be subject to all applicable withholding obligations, and the amounts
will not be taken into account for the purposes of calculating your compensation pursuant to any of the Company’s or its subsidiaries’ other benefit programs. Nothing in this letter will be deemed to confer on you any right to continued
employment by the Company or any of its subsidiaries. The terms and conditions of this letter, and any similar letter between the Company and its other employees, are strictly confidential and you agree not to disclose this letter or any of its
contents to any other person (other than members of your immediate family, and those of your personal financial advisors who need to know the information contained herein). This letter agreement shall not be modified or amended in any respect
without your prior written consent and the prior written consent of the Company. 
  

 This letter agreement will be void and of no further force or effect in the event the transactions
contemplated by the Unit Purchase Agreement are not consummated or if the Unit Purchase Agreement is terminated. 
  
 *    *    *    *    * 
  

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 I look forward to working with you as we progress together. 
  

			
	 Very Truly Yours,

	
	 ALLIANCE LAUNDRY HOLDINGS LLC

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	 Agreed and Acknowledged:

	
	 
	 [Executive]

  

  
 APPENDIX A 
  
 As used herein, the following terms shall have the meanings set forth in your
employment agreement with the Company or any of its Subsidiaries or, in the absence of an employment agreement, shall have the meaning indicated below: 
  
 “Cause” shall mean (i) the commission of a felony or the commission of any act or omission involving moral turpitude, dishonesty,
disloyalty or fraud, (ii) conduct tending to bring the Company or any of its subsidiaries into public disgrace or disrepute, (iii) gross negligence or willful misconduct with respect to the Company or any of its subsidiaries, (iv) failure to accept
and cooperate with actions and initiatives assigned to you by the Board of Directors of the Company, the Chief Executive Officer, or your direct supervisor, or (v) you or any member of your family shall engage in any Restricted Activity with any
customer, supplier or other person having a business relation with the Company, without the prior written approval of the Board. 
  
 “Disability” shall mean a physical or mental impairment that renders you unable to perform the essential functions of your position even
with reasonable accommodation (that does not impose an undue hardship on the Company), and which has lasted at least sixty (60) consecutive days. A physician selected by the Company or its insurers, and consented to by you or your personal
representative shall make the determination of the existence of a Disability. Consent by you or your personal representative shall not be unreasonably withheld. 
  

“Restricted Activity” means directly or indirectly owning any interest in, managing, controlling, participating in, consulting with,
rendering services for, or in any manner engaging in any business with any customer, supplier or other person having a business relation with the Company; provided however that the term Restricted Activity shall not include passive ownership of not
more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as the you have no active participation in the business of that corporation. 
  
 “Retirement” means resignation as a manager, director, officer or senior management employee of the Company
or its Subsidiaries at or after age sixty (60) with 5 or more years of prior service with the Company or its subsidiaries. 
  
 “Unit Purchase Agreement” means the Unit Purchase Agreement, dated on or about December 6, 2004, by and among ALH Holding Inc., a
Delaware corporation, the Company, and the other persons party thereto, as in effect on the date hereof.

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