Exhibit 10.1
                                                                                
           Executive Staff F'99 Bonus Plan Measurements and Criteria
 
Executive Staff Measurements:
- ---------------------------- 
The fiscal 1999 bonus plan for executive staff will consist of the following:
a) 50% APW Shareholder Value Generated (SVG)
b) 50% APW Earnings Per Share (EPS)

Supporting Definitions:
- ---------------------- 
Diluted Earnings Per Share = Net Income / Average Number of Common and Common
Equivalent Shares Outstanding during the period.
Shareholder Value Generated = Operating Profit (before amortization) less 8% of
Assets Deployed.
Assets Deployed = Adjusted Assets less Operating Liabilities

Bonus Measurement:

<TABLE>
<CAPTION> 
                                                      0%                  100%                 200%
                                                                        (Target)
                                              -------------------------------------------------------------
<S>                                           <C>                  <C>                  <C>
50% APW Shareholder Value Generated                $100.0 MM            $118.0 MM            $130.0 MM
50% APW Earnings Per Share                           $2.00                $2.25                $2.40
</TABLE>

<TABLE>
<CAPTION>
             Name                        Functional Area           Proposed Bonus Payout @ 100%
- -------------------------------------------------------------------------------------------------
<S>                            <C>                                 <C>
  Sim                          CEO                                           $600,000
  Arzbaecher                   CFO                                           $150,000
</TABLE>

 

       Engineered Solutions Multi-Business Unit Leaders F'99 Bonus Plan 
                           Measurements and Criteria
                                        

Multi-Business Unit Leader Measurements:
- ----------------------------------------

The fiscal 1999 bonus plan for Engineered Solutions multi-business unit leader
will consist of the following:

a) 80% Engineered Solutions CMM (1)
b) 20% APW Financial Results (SVG and EPS - same as Executive Staff Targets)

Albrecht

                      0%                100%               200%
                                      (Target)
                 --------------------------------------------------
ES CMM (2)         $51.8 MM           $60.8 MM           $66.8 MM
 
Bonus Payout @ 100%                   $150,000

The business unit financial targets for fiscal 1999 have been established based
upon the business plans submitted by each business unit, current year Corporate
contribution requirements for profitability, and agreed upon long-term
investments.

(1) CMM = Internal Operating Profit - (20% x Monthly Net Assets)
(2) Targeted bonus plan levels for CMM may be modified during the plan year due
    to mergers and acquisitions.

                                       2
 

        Tools and Supplies Multi-Business Unit Leaders F'99 Bonus Plan 
                           Measurements and Criteria
                                        

Multi-Business Unit Leader Measurements:
- ----------------------------------------

The fiscal 1999 bonus plan for Tools and Supplies multi-business unit leader
will consist of the following:

a) 80% Tools and Supplies CMM (1)
b) 20% APW Financial Results (SVG and EPS - same as Executive Staff Targets)

Boel

                           0%                 100%                200%
                                            (Target)
                      ----------------------------------------------------   
T&S CMM (2)             $23.0 MM            $29.0 MM            $35.0 MM
 

Bonus Payout @ 100%                         $125,000

The business unit financial targets for fiscal 1999 have been established based
upon the business plans submitted by each business unit, current year Corporate
contribution requirements for profitability, and agreed upon long-term
investments.

(1) CMM = Internal Operating Profit - (20% x Monthly Net Assets)
(2) Targeted bonus plan levels for CMM may be modified during the plan year due
    to mergers and acquisitions.

                                       3
 

  Enclosure Products and Systems Multi-Business Units Leaders F'99 Bonus Plan
                           Measurements and Criteria
                                        

Multi-Business Unit Leader Measurements:
- ----------------------------------------

The fiscal 1999 bonus plan for Enclosure Products and Systems multi-business
unit leaders will consist of the following:

a) 80% respective Enclosure Products and Systems business unit's CMM (1)
b) 20% APW Financial Results (SVG and EPS - same as Executive Staff Targets)

Burkart

                         0%                100%              200%
                                         (Target)
                    -------------------------------------------------    
EPS CMM (2)           $30.0 MM           $36.0 MM          $42.0 MM
 
Bonus Payout @ 100%                      $145,000


Wightman

                         0%                100%              200%
                                         (Target)
                    -------------------------------------------------    
EPS CMM (2)            $6.0 MM           $12.0 MM          $16.0 MM
 
 
Bonus Payout @ 100%                      $170,000

The business unit financial targets for fiscal 1999 have been established based
upon the business plans submitted by each business unit, current year Corporate
contribution requirements for profitability, and agreed upon long-term
investments.

(1) CMM = Internal Operating Profit - (20% x Monthly Net Assets)
(2) Targeted bonus plan levels for CMM may be modified during the plan year due
    to mergers and acquisitions.

                                       4