1 EXHIBIT 10(g) BEARINGS, INC. FORM 10-K for FISCAL YEAR ENDED JUNE 30, 1994 LONG-TERM DISABILITY INSURANCE The Company's long-term disability insurance plan provides for long-term disability coverage to all employees of the Company who become eligible after a one-year waiting period based on plan requirements. Under the plan, eligible employees who become totally disabled as defined in the plan would receive 60% of monthly earnings, subject to a maximum schedule amount of $5,000 per month without evidence of insurability. The Corporation's executive officers, including its five most highly compensated officers, are covered under the plan, subject to a maximum schedule amount of $18,000 per month, with evidence of insurability required for amounts in excess of $15,000 per month.