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                                                                 EXHIBIT 10(l)

                LINCOLN ELECTRIC HOLDINGS, INC. AND SUBSIDIARIES

                        SUMMARY OF EMPLOYMENT AGREEMENTS

Messrs. Elliott and Stueber entered into employment agreements in June 1993 and
February 1995, respectively. Those agreements contain many terms that are no
longer in effect. Certain terms do, however, survive. Surviving terms grant
credited service for purposes of the SERP of 32, and 22 years, respectively, as
of their respective dates of hire, assuming a normal retirement age of 60 and
service of 45 years at age 65 for both. Mr. Elliott has a participation factor
under the SERP of 100%. Mr. Elliott's agreement provides that his SERP benefits
will not be offset by his former employer's defined contribution plan (but will
be offset by his former employer's defined benefit plan). The agreement for Mr.
Elliott also provides for severance pay equal to one year's base salary if he
is terminated without cause. The agreement for Mr. Stueber provides that if he
is terminated without cause, prior to his sixth anniversary, he will be
entitled to severance pay equal to three times his total compensation (base and
bonus) for the preceding year. Thereafter, through his tenth anniversary,
severance pay equals one year's total compensation.