Exhibit 10.1(l)
SAUER-DANFOSS INC.
EXECUTIVE EMPLOYMENT AGREEMENT
Niels Erik Hansen
CONTENTS
Section 1. Employment 1
Section 2. Employment Period 1
Section 3. Compensation 2
Section 4. Expenses 3
Section 5. Employment Terminations 3
Section 6. Change in Control 6
Section 7. Covenant Not to Compete 9
Section 8. Disclosure of Confidential Information 10
Section 9. Nonsolicitation 11
Section 10. Injunctive Relief and Additional Remedy; Essential and Independent Covenants 11
Section 11. Arbitration 12
Section 12. Notices 12
Section 13. Successors 12
Section 14. Entire Agreement; Modification, Waiver, and Interpretation 12
Section 15. Severability 13
Section 16. Counterparts 13
Section 17. Headings 13
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT has been entered into this _______ day of _____________, 2000,
between Sauer-Danfoss Inc., a Delaware corporation (the "Company"), and Niels Erik Hansen (the "Executive").
The Executive is employed as Executive Vice President and Chief Operating Officer, the Company desires to
assure the benefit of the Executive's future services, and the Executive is willing to commit to render such
services, upon the terms and conditions set forth below.
It is therefore mutually agreed as follows:
CONTENTS
Section 1. Employment 1
Section 2. Employment Period 1
Section 3. Compensation 2
Section 4. Expenses 3
Section 5. Employment Terminations 3
Section 6. Change in Control 6
Section 7. Covenant Not to Compete 9
Section 8. Disclosure of Confidential Information 10
Section 9. Nonsolicitation 11
Section 10. Injunctive Relief and Additional Remedy; Essential and Independent Covenants 11
Section 11. Arbitration 12
Section 12. Notices 12
Section 13. Successors 12
Section 14. Entire Agreement; Modification, Waiver, and Interpretation 12
Section 15. Severability 13
Section 16. Counterparts 13
Section 17. Headings 13
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT has been entered into this _______ day of ___