Summary of Gardner Denver, Inc. Management Retention Program (February 27th, 2013)
The Gardner Denver, Inc. (the Company) Management Retention Program (the Program) is effective on November 11, 2012. The Program is administered by the Management Development and Compensation Committee of the Board of Directors of the Company (the Committee). The Committee has plenary authority, in its sole discretion, to (a) select the participants under the Program, and (b) interpret the Program, including any award, and to make all other determinations necessary or advisable for the administration of the Program. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Program in the manner and to the extent it deems desirable to carry the Program into effect. The determinations of the Committee in the administration of the Program are final and conclusive.