Independent Contractor Services Agreement between NMHG Oregon, LLC and Reginald R. Eklund

Summary

This agreement, effective July 1, 2006, is between NMHG Oregon, LLC and Mr. Reginald R. Eklund. Mr. Eklund will provide independent contractor services, specifically as an independent director of Sumitomo NACCO Materials Handling Co., Ltd. He will be paid $1,500 per day for travel and $3,000 per day for consulting, with reimbursement for related expenses upon submission of receipts. Either party may terminate the agreement with written notice.

EX-10.1 2 l22224aexv10w1.htm EX-10.1 EX-10.1  

Exhibit 10.1
Agreement for Services
Effective July 1, 2006
NMHG Oregon, LLC will pay Mr. Reginald R. Eklund the following fees for services provided as an independent contractor to NMHG Oregon, LLC or its affiliate NACCO Materials Handling Group, Inc.:
         
Daily travel pay
  $1,500 per day
 
       
Daily consulting services
  $3,000 per day
In addition, Mr. Eklund will be reimbursed for all related travel and entertainment expenses. Mr. Eklund agrees to provide receipts for these expenses to NMHG Oregon, LLC. This Agreement may be terminated by either party upon written notice.
The scope of this agreement is restricted to Mr. Eklund’s participation as an independent director of Sumitomo NACCO Materials Handling Co., Ltd.
         
/s/ Michael P. Brogan
 
Michael P. Brogan
President and Chief Executive Officer
NMHG Oregon, LLC
               
 
       
/s/ Reginald R. Eklund
 
Reginald R. Eklund