0000038725-25-000162 Sample Contracts

EMPLOYMENT SECURITY AGREEMENT
Employment Security Agreement • July 31st, 2025 • Franklin Electric Co Inc • Motors & generators • Indiana

This Employment Security Agreement ("Agreement"), is entered into as of July 7, 2025, by and between Franklin Electric Co., Inc., an Indiana corporation ("Franklin"), and Jennifer Wolfenbarger ("Executive").

CONFIDENTIALITY AND NON-COMPETE AGREEMENT
Confidentiality and Non-Compete Agreement • July 31st, 2025 • Franklin Electric Co Inc • Motors & generators

In consideration of my employment or continued employment with Franklin Electric Co., Inc. ("Employer"), my access to Employer's customer relationships and confidential information, and other good and valuable consideration, the receipt and sufficiency of which consideration are hereby acknowledged, I agree on this 7 day of July, in the year 2025 as follows:

Re: Retirement and Consulting Agreement
Retirement and Consulting Agreement • July 31st, 2025 • Franklin Electric Co Inc • Motors & generators • Indiana

This letter when signed by you, will constitute the full agreement between you and Franklin Electric Co., Inc. (“the Company” or “Franklin Electric”) on the terms of your retirement from employment and provision of transition services as a consultant to the Company (this “Agreement”).

SHARE REPURCHASE AGREEMENT
Share Repurchase Agreement • July 31st, 2025 • Franklin Electric Co Inc • Motors & generators • Indiana

This Share Repurchase Agreement (this “Agreement”), dated as of June 9, 2025, is entered into between Franklin Electric Co., Inc., an Indiana corporation (the “Company”), and Michael T. Flood, Louise Kellison Marsh, and Old National Bank dba Old National Wealth Management, in their capacity as the Co-Trustees of the Patricia Schaefer Amended and Restated Revocable Trust dated March 1, 2022 (said trust now being known as the Patricia Schaefer Settlement Trust) (the “Seller”) (each, a “Party” and, collectively, the “Parties”).