EXECUTIVE DEFERRAL PLAN
WHEREAS, the Parker-Hannifin Corporation Executive Deferral Plan (the "Plan") was originally established as
of October 1, 1994, for the purpose of attracting high quality executives and promoting in its executives increased
efficiency and an interest in the successful operation of the Company by offering a deferral opportunity to
accumulate capital on favorable economic terms; and
WHEREAS, pursuant to the authority granted in Article 14 of the Plan, Parker-Hannifin Corporation (the
"Company"), has the authority to amend the Plan; and
WHEREAS, the Plan has been amended from time to time; and
WHEREAS, the Company now desires to further amend the Plan;
NOW, THEREFORE, the Plan is hereby amended and restated as of January 1, 2002 except as may be
otherwise specifically set forth hereinafter.
1.1 Account shall mean the sum of the Annual Deferral Account and all LTI Deferral Accounts (vested and
1.2 Administrator shall mean the Company or, if applicable, the committee appointed by the Board of Directors
of the Company to administer the Plan pursuant to Article 12 of the Plan.
1.3 Annual Deferral shall mean the amount of Compensation which the Participant elects to defer for a Plan Year
pursuant to Articles 2 and 3 of the Plan.
1.4 Annual Deferral Account shall mean the notional account established with respect to a Participant's Annual
Deferrals and Automatic Deferrals for recordkeeping purposes pursuant to Article 4 of the Plan.
1.5 Automatic Deferral shall mean any amount automatically deferred to this Plan pursuant to Section 3.4 of this
1.6 Beneficiary shall mean the person or persons or entity designated as such in accordance with Article 13 of the
1.7 Board shall mean the Board of Directors of the Company.
1.8 Bonuses shall mean amounts paid in cash to the Participant by the Company in the form of annual and other
regular periodic bonuses before reductions fo