UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report: September 27, 2010
(Date of earliest event reported)

IDEX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware (State of Incorporation)		1-10235 (Commission File Number)		36-3555336 (IRS Employer Identification No.)

1925 West Field Court, Suite 200
Lake Forest, Illinois 60045-4824

(Address of principal executive offices, including zip code)

(847) 498-7070
(Registrant’s telephone number, including area code)

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02		— Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.

(e) Severance Arrangements for Frank J. Notaro and Harold Morgan

     On September 27, 2010, the Compensation Committee of the Board of Directors of IDEX Corporation (“IDEX”) adopted a severance arrangement for Frank J. Notaro and amended the severance arrangement for Harold Morgan. In the event the employment of Mr. Notaro or Mr. Morgan is terminated without cause and other than in connection with a change in control, each executive will be eligible for severance equal to 12 months’ base salary, plus their target bonus. Mr. Morgan’s previous arrangement provided for severance equal to 12 months’ base salary only.

     The foregoing description of the severance arrangements with Messrs. Notaro and Morgan is qualified in its entirety by reference to the terms of the letter agreement with each executive, which are filed herewith as Exhibits 10.1 and 10.2 and are incorporated herein by reference.

(e) Amendment of the IDEX Corporation Supplemental Executive Retirement Plan

     On September 27, 2010, the Compensation Committee of the Board of Directors of IDEX amended the IDEX Corporation Supplemental Executive Retirement Plan to add an annual contribution of 2% of a participant’s compensation for each year to the defined contribution excess benefit component.

Item 9.01		— Financial Statements and Exhibits.

(d) Exhibits

	10.1		Letter Agreement between IDEX Corporation and Frank J. Notaro, dated September 30, 2010
	10.2		Letter Agreement between IDEX Corporation and Harold Morgan, dated September 30, 2010

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit No.				Description
	10.1			Letter Agreement between IDEX Corporation and Frank J. Notaro, dated September 30, 2010
	10.2			Letter Agreement between IDEX Corporation and Harold Morgan, dated September 30, 2010

		Lawrence D. Kingsley Chairman and Chief Executive Officer

IDEX Corporation
1925 West Field Court
Suite 200
Lake Forest, Illinois 60045-4824
United States
www.idexcorp.com

September 30, 2010

Frank Notaro
IDEX Corporation
1925 W. Field Court
Lake Forest, IL 60045

Dear Frank:

As part of our ongoing review of our executive compensation programs, IDEX Corporation seeks to ensure that executives are provided market competitive protection benefits.

Based upon the results of that review, and while we fully expect that IDEX will continue to grow and prosper as an independent publicly-traded company, we are offering the following levels of benefit based upon your role as Vice President, General Counsel and Secretary for IDEX Corporation in the case of unforeseen circumstances.

•

If, in the future, your employment with IDEX Corporation is terminated without cause (“cause” defined as willful misconduct or fraudulent behavior), IDEX will pay you twelve (12) months’ base salary at the then current monthly base rate plus your targeted annual incentive bonus (MICP or equivalent plan) in a lump sum in exchange for a signed release within 50 days of your termination. Such benefit will not be applicable in the event of your voluntary termination.

•

All other provisions of your current IDEX compensation and benefits programs remain the same.

Please indicate your acceptance of these provisions below.

Frank, we appreciate your contributions to IDEX and wish you continuing success.

Sincerely,

Lawrence D. Kingsley
Chairman and Chief Executive Officer
IDEX Corporation

						9/30/10
		Acceptance of Provisions				Date
		Frank Notaro

		Lawrence D. Kingsley Chairman and Chief Executive Office

IDEX Corporation

1925 West Field Court

Suite 200

Lake Forest, Illinois 60045-4824

United States

www.idexcorp.com

September 30, 2010

Harold Morgan
IDEX Corporation
1925 W. Field Court
Lake Forest, IL 60045

Dear Harold:

As part of our ongoing review of our executive compensation programs, IDEX Corporation seeks to ensure that executives are provided market competitive protection benefits.

Based upon the results of that review, and while we fully expect that IDEX will continue to grow and prosper as an independent publicly-traded company, we are offering the following levels of benefit based upon your role as Vice President, Human Resources for IDEX Corporation in the case of unforeseen circumstances.

	•		If, in the future, your employment with IDEX Corporation is terminated without cause (“cause” defined as willful misconduct or fraudulent behavior), IDEX will pay you twelve (12) months’ base salary at the then current monthly base rate plus your targeted annual incentive bonus (MICP or equivalent plan) in a lump sum in exchange for a signed release within 50 days of your termination. Such benefit will not be applicable in the event of your voluntary termination.
	•		All other provisions of your current IDEX compensation and benefits programs remain the same.

Please indicate your acceptance of these provisions below.

Harold, we appreciate your contributions to IDEX and wish you continuing success.

Sincerely,

 

Lawrence D. Kingsley

Chairman and Chief Executive Officer

IDEX Corporation

 

 

		9/30/10
Acceptance of Provisions		Date
Harold Morgan