Terex Corporation 200 Nyala Farm Road Westport, CT 06880 USA TEL ###-###-#### FAX ###-###-#### www.terex.com

Your employment with Terex Corporation will start on a date to be arranged but it is expected to start on or before November 2, 2015. During the term of your employment, you may engage in outside activities provided (i) those activities do not conflict with his duties and responsibilities hereunder, (ii) that you give written notice to the Board of Directors of any significant outside business activity in which you plan to become involved, whether or not such activity is pursued for profit, and (iii) you receive the prior consent of the Board prior to joining the board of another for profit entity.

You will be compensated at the rate of $900,000 per annum payable bi-weekly (“Base Salary”). Your Base Salary will be reviewed annually and adjusted as determined by the Board; provided, however, that your Base Salary will not decreased during the term of your employment except to the extent that the base salary of other senior executives are decreased as well.

You will be eligible to participate in the Terex Management Incentive Bonus Plan effective January 1, 2016, with a target set at 120% of your base salary (the “2016 Bonus”). The eligibility for and elements of the Plan are adjusted each year by the Company and typically include formulas based on both Terex financial performance as well as individual performance. You can earn more or less than your target amount based on Terex’s financial performance and your individual performance and achievements of goals. Each year, you will be issued a copy of the Plan for that year setting forth the details, including conditions for payout, for that year. The details will be presented to you shortly after you begin employment.

In consideration of the 2015 bonus that you will likely forfeit, you will receive a sign-on cash bonus of $ 500,000, less applicable taxes, payable after sixty (60) days of employment.

Subject to compliance with all applicable laws, and conditioned on the formal ratification by the Compensation Committee of the Board of Directors, you will be a participant in the Terex Corporation 2009 Omnibus Incentive Plan, or any successor plan. Under this Plan, you will receive an initial grant of shares of Restricted Stock. In determining the number of shares the company will use a one-time valuation number of $2,500,000 whereby $2,500,000 will be

In addition, subject to compliance of all applicable laws, and conditioned on the formal ratification of the Compensation Committee of the Board of Directors, you will be eligible for a 2016 long term incentive award in the amount of $5,000,000, 65% which will be performance-based and 35% which will be time-based. The timing of this award will be consistent with the timing of similar 2016 long term incentive awards granted to other Terex executives.

Notwithstanding the foregoing two Sections, the merger of Terex with Konecranes Plc (or any affiliate) will not be considered a Change-in-Control for any vesting purposes in the Terex long term incentive program.

You will be eligible to participate in either the Terex Deferred Compensation Plan (“DCP”) or the ERISA Excess Plan (“EEP”) offered to senior level executives. Both the DCP and EEP Plan provide alternatives for use in deferring income taxes. You can defer up to 20% of your salary as well as 100% of your bonus to the DCP. We currently have two investment options - Terex stock (with a 25% company match) or a Moody’s Bond Index Fund. You can also defer Restricted Stock into the DCP as the shares vest (without a company match). There is also a matching contribution of up to 5% for eligible deferrals to the EEP. Additional details of these plans will be provided to you separately.

You will be eligible to participate in the Terex Corporation Defined Contribution Supplemental Executive Retirement Plan which provides for an annual contribution of 10% of your annual salary and bonus earned to be deposited to the Moody’s Bond Index Fund of the DCP. Additional details of this plan will be provided to you separately.

You will receive relocation reimbursement as outlined on the attachment “Relocation Expense Reimbursement for Executives.” Should you resign or be released for cause, as determined by the Company in its sole discretion, within one (1) year of relocation, you would be required to repay the Company a prorated amount of the relocation expenses based on the number of full months of employment.

You will be eligible for 20 working days of paid vacation annually, exclusive of Company holidays. This will be pro-rated for your first year, based on your date of hire.

Terex Corporation currently offers a comprehensive benefits program including medical, dental, vision, life insurance, and disability benefits, a 401 (k) plan with a Company match, and an employee stock purchase plan with a Company match. Benefits for eligible team members become effective 1st of the month coinciding with or following 30 days of employment unless otherwise noted. Additional details will be mailed to you under separate cover. During the term of your employment, you will be indemnified to the extent provided for in the Terex Corporation

The Company will provide change in control and severance protection upon commencement of your employment, which will be for twenty-four (24) months of salary, bonus and benefits, in accordance with the provisions of the Change in Control and Severance Agreement provided to you simultaneously herewith (the “Severance Agreement” and such severance as defined therein, “Severance”). The completion of the recently announced merger with Konecranes Plc will not be considered a change in control for the purposes of your Severance Agreement.

You agree that you will not at any time, either during your employment with Terex or thereafter, divulge to any person, firm or corporation outside of Terex Corporation, any confidential or privileged information or trade secrets received by you during the course of your employment, with regard to the financial, business operations, manufacturing methods, processes, know-how, or procedures of Terex Corporation, or any of its affiliated companies, parent or subsidiaries, all as provided in the Severance Agreement. All such information shall be kept confidential and shall not, in any manner, be revealed to anyone, provided, however, that the foregoing provision shall not apply to any information which is or generally becomes available to the public through no breach by yourself of this paragraph, as provided in the Severance Agreement.

You agree that you will not at any time during the period of your employment hereunder engage in any business or own or control any interest in, or act as a director, officer, team member, agent or consultant of, any firm, corporation, partnership or other entity, directly or indirectly engaged in the business being conducted by Terex Corporation, or its affiliated companies, parent or subsidiaries, or which manufactures or sells products which are in direct competition with the products sold by Terex Corporation, or its affiliated companies, parent or subsidiaries, as provided in the Severance Agreement.

You agree that you have not disclosed any trade secrets or confidential information of your prior employer(s) to the Company during the course of these negotiations and that you have not been asked to do so by the Company. You further agree that you will not disclose any trade secrets or confidential information of your prior employer(s) to the Company at any time during your employment with the Company. By way of illustration but not limitation, “confidential information” means non-public proprietary company information including: information and materials related to proprietary products, services, experimental work, research, pricing

You agree that you will comply with the non-competition and related covenants contained in your Severance Agreement.