SPX Corporation 700 Terrace Point Drive EXECUTIVE CHANGE OF CONTROL AGREEMENT P.O. Box 3301 Muskegon, M1 49443-3301 USA Phone 616-724-5000 February 15, 1999 Fax 616-724-5720 Mr. Thomas J. Riordan 4135 Carillon Drive Bloomfield Hills, MI 48302 Dear Tom:SPX Corp • March 16th, 2005 • Metalworkg machinery & equipment • Michigan
SPX Corporation (the "Company") recognizes that your contribution to its growth and success will be substantial and desires to assure your continued employment. In this regard, the Board of Directors of the Company (the "Board") recognizes that, as is the case with many publicly held corporations, the possibility of a Change of Control (as defined in Section 2, below) may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its shareholders.
