EX-10.2
GORMAN RUPP CO
CHANGE OF CONTROL SEVERANCE AGREEMENT
This CHANGE OF CONTROL SEVERANCE AGREEMENT (the “Agreement”), is made as of the 1stday of October, 2026 (the “Effective Date”), by and between THE GORMAN-RUPP COMPANY, an Ohio corporation (the “Company”), and Scott A. King (the “Executive”).
WHEREAS, the Company desires to enter into an agreement with the Executivein recognition of the importance of the Executive’s services to the continuity of management of the Company and based upon its determination that it will be in the best interests of the Company to encourage the Executive’s continued attention and dedication to the Executive’s duties in the potentially disruptive circumstances of a possible Change of Control of the Company. As used in this Agreement, the term “Change of Control” and certain other capitalized terms have the meanings ascribed to them in Section 8 hereof.
NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein, the parties agree as follows:
1.
…