Managing Director Service Contract
Franklin Electric Co., Inc
400 East Spring Street
Bluffton, Indiana 46714
USA Franklin Electric Europa GmbH
Postfach 1280 D-54502
Rudolph Diesel Strasse 20
D-54516 Wittlich, Germany
Mr. Peter - Christian Maske
Am Jahnplatz 7
(hereinafter “Managing Director“)
The CEO Shareholders of the Company intend s to appoint Mr. Maske as Managing Director of the Company
as of August 1, 2003. On this basis, the Parties agree to on the following Service Contract:
1. Position and Scope of Duties
2. Other activities
As of August 1, 2003 Mr. Maske shall be employed by the Company as Managing Director
(Geschäftsführer). In addition, he shall have the title “President Franklin Electric Europa”. act as
The Managing Director shall represent the Company.
The CEO Shareholders may appoint additional managing directors, and may assign to the Managing
Director further or other tasks or areas of responsibility and may determine the allocation of
responsibilities with in the management including the Managing Director’s authority to represent the
Company singly or jointly .
The Managing Director will perform his duties as Managing Director by observing the diligence of a
prudent businessman in accordance with the provisions of this Service Contract, the Company’s Articles
of Association, the general and specific directions and instructions given by the CEO Shareholders , and
in accordance with the law. He will also comply with the Company’s policies, in particular with the
Franklin policy on business ethics.
The Managing Director shall report to the CEO of Franklin Electric Co., Inc., currently Mr. Scott
Trumbull (the “CEO”) . The CEO or the Shareholders may at any time change the reporting line.
The Managing Director understands that he may be asked to abandon his post of Managing Director and
transfer to the Grand Duchy