AN AGREEMENT made as of the 31st day of August, 1995, by and between OSHKOSH TRUCK
CORPORATION, a Wisconsin corporation (the "Company"), and PAUL C. HOLLOWELL (the "Executive").
W I T N E S S E T H :
WHEREAS, the Executive has been serving as Executive Vice President of the Company and as President of
Oshkosh Truck International Inc., a subsidiary of the Company ("Oshkosh International");
WHEREAS, the Company desires to continue to retain the services of the Executive, and the Executive desires
to continue to be employed by the Company, on the terms and conditions set forth in this Agreement; and
WHEREAS, in consideration of the Company's commitment to employ the Executive during the term of this
Agreement, the Executive is willing to agree to the provisions respecting noncompetition and protection of
Confidential Information (as defined below) set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth
herein, the parties hereto, intending to be legally bound, hereby agree as follows:
1. Employment and Duties. The Company hereby agrees to continue to employ the Executive, and the Executive
hereby agrees to continue to be employed by the Company. The Executive's current responsibilities include
leadership of the Company's defense business strategy; marketing and planning for both domestic and foreign
sales of military products; and responsibility for all international strategy, marketing and sales. The Executive also
serves as a member of the Chairman's Council, the primary executive advisory council to the Company's
Chairman and Chief Executive Officer.
2. Term. The employment of the Executive will continue until the occurrence of the first of the following events:
(a) The last day of the Company's 1997 fiscal year, subject to extension as described below; or
(b) The Executive's death; or
(c) The Executive shall have become totally disabled within the meaning of the Oshkosh Truck Corporation Long