Agreement This agreement is between Branko M. Beronja and Snap-on Incorporated. Branko is currently a member of the Snap-on Incorporated Board of Directors and receives fees according to the adopted fee schedule. Branko is also an active member of the following boards: o Snap-on Credit LLC o Mitchell Repair Information Company - Chairman o Cartec - Chairman o A.S.E. on Snap-on's behalf - Past Chair Branko provides consultation to the following: o Transportation Group o Tony Pinto and the GPC Initiative o Any other activity or project as needed This agreement covers the annual periods of January 1, 2000 - December 31, 2000 and January 1, 2001 - December 31, 2001. The annual fee for each period is $75,000.00. The fees paid as a member of Snap-on's Board of Directors are to be subtracted from the $75,000.00 with the exception of the Board Committee fees earned. The fee for 2001 would be paid if the Snap-on Board responsibility were eliminated. /s/ Branko M. Beronja - -------------------------------------------- Branko M. Beronja Dated: January 19, 2001 ---------------------------- /s/Robert A. Cornog - -------------------------------------------- Robert A. Cornog Dated: January 11, 2001 ----------------------------