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Exhibit 10(b)
PARKER-HANNIFIN CORPORATION
SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE MEMBERS OF THE BOARD OF DIRECTORS
Adopted August 15, 2012, effective October 24, 2012
Annual retainer for Corporate Governance and Nominating
Committee Chair: $145,000
Annual retainer for Audit Committee Chair: $135,000
Annual retainer for Human Resources and Compensation
Committee Chair: $130,000
Annual retainer for Finance Committee Chair: $127,500
Annual retainer for non-chair committee members: $120,000
Meeting fees of $2,000 for attending each Board of Directors or Committee meeting that exceeds the number of regularly-scheduled meetings of the Board or the relevant Committee in a fiscal year by more than two.
Annual restricted stock grant