Exhibit 10(b)
PARKER-HANNIFIN CORPORATION
SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE MEMBERS
OF THE BOARD OF DIRECTORS
Adopted August 16, 2007, effective October 1, 2007
| Annual retainer for Audit Committee Chair: |
$ | 102,500 | |
| Annual retainer for Human Resources and Compensation Committee Chair: |
$ | 97,500 | |
| Annual retainer for each of the Chairs of the Corporate Governance and Nominating Committee and the Finance Committee: |
$ | 92,500 | |
| Annual retainer for Non-Chair Committee members: |
$ | 87,500 | |
Meeting fees of $1,500 for attending any Board or Committee meeting during any fiscal year in excess of the number of regularly scheduled Board or Committee meetings by more than two.
Annual restricted stock grant