Exhibit 10.1 (am)
SAUER–DANFOSS RACINE EMPLOYEES' SAVINGS PLAN
ADOPTION AGREEMENT # 005
NONSTANDARDIZED CODE §401(k) PROFIT SHARING PLAN
The undersigned, Sauer-Danfoss ("Employer") by executing this Adoption Agreement, elects to
become a participating Employer in the INVESCO Trust Company Defined Contribution Master Plan (basic
plan document # 01 ) by adopting the accompanying Plan and Trust in full as if the Employer were a signatory to
that Agreement. The Employer makes the following elections granted under the provisions of the Master Plan.
ARTICLE I
DEFINITIONS
1.02 TRUSTEE . The Trustee executing this Adoption Agreement is: (Choose (a) or (b))
o (a) A discretionary Trustee. See Section 10.03 [A] of the Plan.
ý (b) A nondiscretionary Trustee. See Section 10.03 [B] of the Plan. [ Note: The Employer
may not elect Option (b) if a Custodian executes the Adoption Agreement. ]
1.03 PLAN . The name of the Plan as adopted by the Employer is Sauer-Danfoss Racine Employees'
Savings Plan.
1.07 EMPLOYEE . The following Employees are not eligible to participate in the Plan. (Choose (a)
or at least one of (b) through (g))
o (a) No exclusions.
o (b) Collective bargaining employees (as defined in Section 1.07 of the Plan). [ Note: If the
Employer excludes union employees from the Plan, the Employer must be able to provide
evidence that retirement benefits were the subject of good faith bargaining. ]
o (c) Nonresident aliens who do not receive any earned income (as defined in Code §911(d)
(2)) from the Employer which constitutes United States source income (as defined in Code §861(a)(3)).
o (d) Commission Salesmen.
ý (e) Any Employee compensated on a salaried basis.
o (f)