AGCO Corporation Director Compensation Agreement (Effective January 1, 2006)

Summary

This agreement outlines the compensation structure for directors of AGCO Corporation, effective January 1, 2006. Directors receive an annual base retainer, stock grants restricted for three years, and additional fees for attending board and committee meetings. Committee chairmen and members receive extra annual retainers and meeting fees, with higher compensation for the Audit Committee chairman. The Chairman of the Board receives a separate annual compensation. Directors are also reimbursed for reasonable out-of-pocket expenses related to meeting attendance.

EX-10.19 3 g99944exv10w19.txt EX-10.19 DIRECTOR COMPENSATION AGREEMENT Exhibit 10.19 AGCO CORPORATION DIRECTOR COMPENSATION (Effective January 1, 2006) Annual Base Retainer: $40,000 Annual AGCO Stock Grant: Equivalent to $25,000 (based on closing price on day of Annual Meeting) restricted for three years from date of grant Board Meeting: $2,000 per meeting Telephone Board Meeting Fee: $1,000 per meeting Committees: Chairman Annual Retainer: $10,000 (but $15,000 for Audit) Member Annual Retainer: $5,000 per committee Committee Meeting Fee: Chairman: $1,500 per meeting Phone Meeting: $1,000 per meeting Member: $1,000 per meeting Phone Meeting: $500 per meeting Chairman Compensation $100,000 per annum In addition, the Company will reimburse directors for the reasonable out-of-pocket expenses that they incur in attending meetings.