THIS AGREEMENT is entered into between Richard W. Parod ("PAROD") and Lindsay Manufacturing Co., a
Delaware corporation ("LINDSAY") on March 8, 2000 (the foregoing date being referred to herein as the
"Execution Date" and being the date on which LINDSAY executes this Agreement following its execution by
PAROD). PAROD will commence employment hereunder on April 5, 2000 (the "Commencement Date").
WHEREAS, LINDSAY desires to employ PAROD as its President and Chief Executive Officer, and in such
offices he will be a key employee of LINDSAY and his talents and services to LINDSAY will be of a special,
unique, unusual and extraordinary character and will be of particular and peculiar benefit and importance to
WHEREAS, LINDSAY desires to obtain assurances that PAROD will become and remain an employee of
LINDSAY and devote his best efforts to such employment; and
WHEREAS, PAROD desires to obtain assurances of continued employment and compensation; and
WHEREAS, each party is willing, in consideration of PAROD's employment with LINDSAY and LINDSAY'S
specific commitments, to provide the other with the desired assurances, and each is willing to enter into and carry
out this Agreement;
NOW, THEREFORE, the parties agree as follows:
1. Employment. Upon the terms set out in this Agreement, LINDSAY agrees to employ PAROD, and PAROD
agrees to be so employed by LINDSAY, as its President and Chief Executive Officer. PAROD shall also be
appointed to serve as a director of LINDSAY effective on the Commencement Date.
2. Term. The term ("Term") of PAROD's employment pursuant to this Agreement will commence on the
"Commencement Date" and, unless terminated at an earlier date in accordance with Paragraph 4 of this
Agreement, shall continue in effect until the third anniversary of the Commencement Date. The Term may be
extended by mutual written agreement of the parties.
3. Compensation. As compensation for the services to be rendered by PAROD, LINDSAY agrees