Exhibit (10)(u)* to Report on Form 10-K for Fiscal Year Ended June 30, 1996 by Parker-Hannifin Corporation
Parker-Hannifin Corporation Deferred Compensation Plan for Directors, as amended as of August 15, 1996
*Numbered in accordance with Item 601 of Regulation S-K.
DEFERRED COMPENSATION PLAN
FOR DIRECTORS OF PARKER-HANNIFIN CORPORATION
Parker-Hannifin Corporation has established the Deferred Compensation Plan for Directors of Parker-Hannifin
Corporation to provide Directors with the opportunity to defer payment of their directors' fees in accordance
with the provisions of this Plan.
For the purposes hereof, the following words and phrases shall have the meaning indicated.
1. "Account" shall mean the aggregate of a Participant's Deferral Account and his or her Parker Stock Account, if
2. "Beneficiary" shall mean the person designated by a Participant in accordance with the Plan to receive payment
of the remaining balance of a Participant's Account in the event of the death of the Participant prior to receipt of
the entire amount credited to the Participant's Account.
3. "Change in Control" shall mean the occurrence of one of the following events:
(i) any "person" (as such term is defined in Section 3(a)(9) of the Securities Exchange Act of 1934 (the
"Exchange Act") and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a "beneficial
owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation
representing 20% or more of the combined voting power of the Corporation's then outstanding securities eligible
to vote for the election of the Board of Directors of the Corporation the "Board") (the "Corporation Voting
Securities"); provided, however, that the event described in this paragraph shall not be deemed to be a Change in
Control by virtue of any of the following situations: (A) an acquisition by the Corporation or any corporation or
entity in which the Corporation has a dir