GARDNER DENVER INC
FORM OF LONG-TERM CASH BONUS AGREEMENT
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<TYPE>EX-10.19
<SEQUENCE>3
<FILENAME>c23180exv10w19.htm
<DESCRIPTION>FORM OF LONG-TERM CASH BONUS AGREEMENT
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.19
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>GARDNER DENVER, INC.</B>
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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">LONG-TERM CASH BONUS AWARD AGREEMENT<BR>
LONG-TERM INCENTIVE PLAN

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS LONG-TERM CASH BONUS AWARD AGREEMENT (&#147;Agreement&#148;), made effective as of the Grant Date
(as defined in <font style="white-space: nowrap"> paragraph 1),</font> by and between &#171;FirstName&#187; &#171;LastName&#187; (hereinafter the &#147;Participant&#148;)
and Gardner Denver, Inc. (hereinafter the &#147;Company&#148;);
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WITNESSETH THAT:</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Company maintains the Long-Term Incentive Plan (the &#147;Plan&#148;) and the Participant
has been selected by the committee administering the Plan (the &#147;Committee&#148;) to receive a Long-Term
Cash Bonus Award (&#147;Award&#148;) under the Plan:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, IT IS AGREED, by and between the Company and the Participant, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Benefits</U>. Participant shall be eligible to receive any and all benefits to which he
is entitled to receive for the Long Term Cash Bonus Award under the terms and subject to the
conditions of the Plan, as amended from time to time, which terms and conditions are hereby made a
part hereof and are incorporated herein by reference. In the event of any inconsistency or conflict
between the terms of the Plan and those of this Award Agreement, the terms of the Plan shall
prevail. Terms which are not specifically defined herein shall have the meanings ascribed to them
in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Terms of Award</U>. The following terms used in this Agreement shall have the meanings
set forth below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Grant Date</U>. The &#147;Grant Date&#148; is January&nbsp;1, 20_.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Performance Period</U>. The &#147;Performance Period&#148; is the period beginning on the Grant
Date and ending on the third anniversary of the Grant Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Base Salary Factor</U>. The &#147;Base Salary Factor&#148; to be used in calculating the
Participant&#146;s Award granted hereunder by application to the Participant&#146;s Base Salary in effect as
of the end of the Performance Period, is &#171;BonusTarget&#187;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Performance Targets</U>. The &#147;Performance Targets&#148; which must be met by the end of the
Performance Period in order for the Participant to receive an Award hereunder are the following
percentage increases in the compound growth rate of earnings before taxes for the Company&#146;s
industrial businesses (i.e., excluding petroleum products) (the &#147;Earnings Growth Rate&#148;):
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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
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    <TD align="center" valign="top">Threshold Performance <BR>
4%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Target Performance<BR>
8%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Maximum Performance<BR>
12%</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Payment Opportunity</U>. The Participant&#146;s &#147;Payment Opportunity&#148; is determined by the
extent to which the Performance Targets set forth in this paragraph 1(d) are met by the end of the
Performance Period in accordance with the following table:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Performance Target Achieved</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Payment Opportunity</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">Threshold Performance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Target Performance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Maximum Performance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">200</TD>
    <TD nowrap>%</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Payment Opportunity for an Earnings Growth Rate occurring between stated Performance Targets at
the end of any Performance Period shall be determined through simple interpolation. An Earnings
Growth Rate below the Threshold Performance in any Performance Period will result in no Award
payment for that Performance Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Date of Termination</U>. The Participant&#146;s &#147;Date of Termination&#148; shall be the first
day occurring on or after the Grant Date on which the Participant is no longer employed by the
Company or any Subsidiary or Affiliate of the Company, regardless of the reason for the termination
of employment; provided that a termination of employment shall not be deemed to occur by reason of
a transfer of the Participant between the Company and a Subsidiary or between two Subsidiaries. All
determinations regarding employment shall be made by the Committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Target Performance</U>. Target Performance means the Earnings Growth Rate Performance
Target for the Performance Period, the attainment of which is necessary for the payment of a 100%
Payment Opportunity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Threshold Performance</U>. Threshold Performance means the Earnings Growth Rate
Performance Target for the Performance Period, the attainment of which is necessary for the payment
of a 50% Payment Opportunity and for the payment of any Award at the conclusion of a Performance
Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Maximum Performance</U>. Maximum Performance means the Earnings Growth Rate
Performance Target for the Performance Period, the attainment of which is necessary for the payment
of a 200% Payment Opportunity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)
<U>Earnings Before Taxes.</U> 20&#95;&#95;&#95; Long-Term Cash Bonus
Award based on 20&#95;&#95;&#95; EBT for the
Company&#146;s industrial businesses (i.e., excluding petroleum
products) of $&#95;&#95;&#95; (excluding
amortization of goodwill).
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Award</U>. The Participant is hereby awarded a Long-Term Cash Bonus Award under the
Plan in an amount to be determined in accordance with the terms set forth in paragraph 2 above,
subject to the achievement of the Performance Targets set forth therein. The Committee shall
compute the specific amount of Long-Term Cash Bonus Award payable to the Participant hereunder by
applying the Base Salary Factor set forth above to the Participant&#146;s Base Salary in effect as of
the end of the Performance Period and multiplying that product by the applicable payment
opportunity as of the end of the Performance Period in accordance with the following formula:
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt">Payment Opportunity X (Base Salary Factor X Base Salary)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event the Award calculated in accordance with the provisions of paragraph 2 above exceeds
the maximum Award permissible under the terms of the Plan, then such Award shall automatically be
reduced to the maximum permitted under the terms of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U>Payment</U>. Unless the Participant&#146;s Date of Termination occurs during the Performance
Period, then, as soon as practicable following the end of the Performance Period, the Participant
shall be paid in a lump sum in either cash or Restricted Stock, at the sole and absolute discretion
of the Committee, an Award calculated in accordance with the terms and methodology set forth in
paragraph 2 hereof. In the event the Participant&#146;s Date of Termination occurs prior to the end of
the Performance Period for any reason other than death, Disability, or Retirement, the Award
granted hereunder, if any, shall be forfeited as of the Date of Termination, unless the Committee
determines otherwise in its sole and absolute discretion. In the event the Participant&#146;s Date of
Termination occurs prior to the end of the Performance Period due to the Participant&#146;s death,
Disability, or Retirement, then the Participant shall receive a pro-rata payment of the Award
payable hereunder, if any, at the end of the Performance Period, based on the portion of the
Performance Period elapsed as of the Date of Termination and the achievement of the Performance
Targets as of the end of the Performance Period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U>Assignment and Transfer</U>. Participant shall not sell, transfer, assign, hypothecate,
pledge, grant a security interest in, or in any other way alienate any Award granted hereunder, or
any interest or right therein, except by will or the laws of descent and distribution, and any such
attempted transfer, assignment, hypothecation, pledge or grant of a security interest shall be null
and void and of no legal force or effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Acceleration of Payment Upon Change of Control</U>. In the event of a Change of
Control, the Award granted hereunder shall be deemed to have been earned in full at the Target
Payment Opportunity set forth in paragraph 2(e) above and shall be immediately payable to the
Participant in a lump sum in cash.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>Withholding</U>. All payments and distributions under this Agreement are subject to
withholding of all applicable taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U>Miscellaneous</U>. This Agreement contains the entire agreement of the parties with
respect to its subject matter. This Agreement shall be binding upon and inure to the benefit of the
respective parties, the successors and assigns of the Company, and the heirs and personal
representatives of the Participant.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U>Governing Law</U>. 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U>Heirs and Successors</U>. This Agreement shall be binding upon, and inure to the
benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by
merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company&#146;s
assets and business. If any rights exercisable by the Participant or benefits deliverable to the
Participant under this Agreement have not been exercised or delivered, respectively, at the time of
the Participant&#146;s death, such rights shall be exercisable by the Designated Beneficiary, and such
benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of
this Agreement and the Plan. The &#147;Designated Beneficiary&#148; shall be the beneficiary or beneficiaries
designated by the Participant in a writing filed with the Committee in such form and at such time
as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if
the Designated Beneficiary does not survive the Participant, any benefits distributable to the
Participant hereunder shall be distributed to the legal representative or the estate of the
Participant. If a deceased Participant designates a beneficiary but the Designated Beneficiary dies
before the complete distribution of benefits to the Designated Beneficiary under this Agreement,
then any benefits that would have been distributed to the Designated Beneficiary shall be
distributed to the legal representative or the estate of the Designated Beneficiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;<U>Administration</U>. The authority to manage and control the operation and
administration of this Agreement shall be vested in the Committee, and the Committee shall have all
powers with respect to this Agreement as it has with respect to the Plan. Any interpretation of the
Agreement by the Committee and any decision made by it with respect to the Agreement is final and
binding on all persons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;<U>Not an Employment Contract</U>. This Agreement will not confer on the Participant any
right with respect to continuance of employment or other service with the Company or any
Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would
otherwise have to terminate or modify the terms of such Participant&#146;s employment or other service
at any time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;<U>Amendment</U>. This Agreement may be amended by written agreement of the Participant
and the Company, without the consent of any other person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;<U>Entire Agreement</U>. 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the Participant has executed this Agreement, and the Company has caused
these presents to be executed in its name and on its behalf, all as of the Grant Date.
</DIV>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gardner Denver, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Participant</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Its: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Date:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
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