HUMAN RESOURCES COMMITTEE
2003 Committee Charter : JOYG
The Human Resources Committee of the board of directors of Joy Global Inc. (the
ACorporation@) shall consist of four or more members of the board who each (i) qualify as
ANon-Employee Directors@ as defined in Rule 16b-3(b)(3), as promulgated by the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as amended from time to time,
or any successor definition adopted by the Commission, and as Aoutside directors@ for
purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended from time to time,
and any successor thereto, (ii) are appointed by the board from time to time, and (iii) shall serve
at the pleasure of the board. Unless a Chair is designated by the board, the members of the
Committee may designate a Chair by majority vote of the full Committee membership.
The Committee shall:
1. Periodically audit the executive manpower of the Corporation to insure that the
Corporation has an adequate pool of competent, experienced executives to fill executive
vacancies as they occur, and make recommendations to the board as appropriate. The
Committee shall formulate, as and when appropriate, a program to insure an orderly
transition in the position of Chief Executive Officer, and present such program to the
board for its consideration.
2. Periodically review and approve the compensation structure for the Chief Executive
Officer and the Corporation=s other key executives including salary rates, participation in
incentive compensation plans, the relationship of corporate performance and executive
compensation, and other material forms of compensation including fringe benefits and
non-cash perquisites, to insure that the Corporation is compensating such executives in a
manner which is internally fair and equitable and is externally consistent with sound
3. Administer the Corporation=s stock based incentive compensation plans and
supplemental retirement plans in accordance with their terms.
4. Review and present to the board for its consideration recommendations for nominations
to fill expiring terms, vacancies or additions to the board.