1 EXHIBIT 10(f) BEARINGS, INC. FORM 10-K FOR FISCAL YEAR ENDED JUNE 30, 1994 NON-CONTRIBUTORY LIFE & ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE The Company maintains ongoing Non-Contributory Life & Accidental Death & Dismemberment Insurance for its executive officers, which provides benefits equal to two and one-half (2-1/2) times annual compensation, but in no event more than $250,000. The Company also provides its executive officers with travel and accident insurance in the amount of $500,000. All such insurance has certain reductions after age 65.