Managing Director Service Contract
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 Shareholders of the Company intend to appoint Mr. Maske as Managing Director of the Company as of
August 1, 2003. On this basis, the Parties agree on the following Service Contract:
As of August 1, 2003 Mr. Maske shall be employed by the Company as Managing Director
(Gesch’ftsführer). In addition, he shall have the title “President Franklin Electric Europa”.
1. Position and Scope of Duties
The Managing Director shall represent the Company.
The 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 within
the management including the Managing Director’s authority to represent the Company singly or jointly.
1.4 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 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.
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1.5 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.
3. Transactions subject to consent
The restrictions set out in section 181 German Civil Code ( Bürgerliches Gesetzbuch )
(prohibition of self-contracting) shall apply unless explicitly stipulated otherwise in t