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TERMINATION AGREEMENT

Termination Agreement

TERMINATION AGREEMENT | Document Parties: PARKER HANNIFIN CORP You are currently viewing:
This Termination Agreement involves

PARKER HANNIFIN CORP

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Title: TERMINATION AGREEMENT
Date: 9/2/2005
Industry: Misc. Fabricated Products     Sector: Basic Materials

TERMINATION AGREEMENT, Parties: parker hannifin corp
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Exhibit 10(g)

 

TERMINATION AGREEMENT

 

This Termination Agreement (“Termination”) is made as of              , 200    by and between Parker-Hannifin Corporation, an Ohio corporation (“Parker”) and                      (the “Executive”).

 

RECITALS

 

A. Parker and the Executive are parties to an Executive Life Insurance Agreement dated as of                      (the “Agreement”).

 

B. Parker and the Executive mutually desire to terminate this Agreement on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing, and the mutual agreements and covenants set forth below, Parker and the Executive agree as follows:

 

1. Definitions . All initially capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Agreement.

 

2. Termination . Effective on the Termination Date (as hereinafter defined), the Agreement, and all rights and obligations of Parker and the Executive under the A


 
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