EMPLOYMENT AND SEVERANCE AGREEMENT
This Employment and Severance Agreement (the "Agreement") entered into this 5th day of September, 1993, by
and between AGCO CORPORATION, a Delaware corporation (the "Company"), and Edward R. Swingle (the
In consideration of the mutual covenants and agreements hereinafter set forth, the Company and the Executive do
hereby agree as follows:
(a) The Company hereby employs the Executive and the Executive hereby agrees to serve the Company on the
terms and conditions set forth herein.
(b) The employment term shall commence on September 5, 1993, and shall be for a term of three (3) years,
unless extended in writing by both parties at least 180 days prior to the expiration of such term or unless
otherwise terminated earlier in accordance with Section 6 or any other provision of this Agreement. If the
employment term is not extended pursuant to a mutually acceptable written agreement at least 180 days prior to
the expiration of such employment term, then at such expiration the Company shall be obligated to continue to
pay to the Executive his Base Salary (as defined in section 3(a) herein) then in effect, and will continue the
Executive's group health and life insurance, for a period of six (6) months following such expiration.
2. POSITION AND DUTIES.
The Executive shall serve as Vice President, Marketing, of the Company and shall perform such duties and
responsibilities as may from time to time be prescribed by the Company's board of directors (the "Board"),
provided that such duties and responsibilities are
consistent with the Executive's position. The Executive shall perform and discharge faithfully, diligently and to the
best of his ability such duties and responsibilities and shall devote all of his working time and efforts to the
business and affairs of the Company and its affiliates.
(a) BASE SALARY. The Company shall pay to the Executive an annual base salary ("Base