UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

_________________

Date of Report  
(Date of earliest
event reported): September 14, 2009

OSHKOSH CORPORATION
(Exact name of registrant as specified in its charter)

Wisconsin
1-31371
39-0520270
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)

P.O. Box 2566, Oshkosh, Wisconsin 54903
(Address of principal executive offices, including zip code)

(920) 235-9151
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02 . Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers .

             (e)        On September 14, 2009, the Human Resources Committee (the “Committee”) of the Board of Directors of Oshkosh Corporation (the “Company”) approved a framework for awards of performance shares under the Company’s 2009 Incentive Stock and Awards Plan (the “2009 Plan”) and approved awards to the Company’s executive officers, including its named executive officers, of performance shares under the 2009 Plan for which such framework will serve as the award agreement. The framework for awards of performance shares is filed herewith as Exhibit 10.1 and is incorporated by reference herein.

                         On September 14, 2009, the Committee also approved a form of stock option award agreement under the 2009 Plan and approved awards to the Company’s executive officers, including its named executive officers, of options to purchase shares of common stock of the Company under the 2009 Plan for which such form of stock option award agreement will serve as the award agreement. The form of stock option award agreement is filed herewith as Exhibit 10.2 and is incorporated by reference herein.

                         Also on September 14, 2009, the Committee approved a form of stock appreciation rights award agreement under the 2009 Plan and approved awards to the Company’s executive officers of stock appreciation rights under the 2009 Plan for which such form of stock appreciation rights award agreement will serve as the award agreement. The form of stock appreciation rights award agreement is filed herewith as Exhibit 10.3 and is incorporated by reference herein.

Item 9.01 . Financial Statements and Exhibits .

  (a) Not applicable.

  (b) Not applicable.

  (c) Not applicable.

  (d) Exhibits . The following exhibits are being furnished herewith:

  (10.1) Framework for Awards of Performance Shares under the Oshkosh Corporation 2009 Incentive Stock and Awards Plan.

  (10.2) Form of Oshkosh Corporation 2009 Incentive Stock and Awards Plan Stock Option Award Agreement.

  (10.3) Form of Oshkosh Corporation 2009 Incentive Stock and Awards Plan Stock Appreciation Rights Award Agreement.


SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  OSHKOSH CORPORATION

Date: September 18, 2009 By: /s/ Bryan J. Blankfield
Bryan J. Blankfield
Executive Vice President, General Counsel
and Secretary











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OSHKOSH CORPORATION

Exhibit Index to Current Report on Form 8-K

Dated September 14, 2009

Exhibit
Number

(10.1) Framework for Awards of Performance Shares under the Oshkosh Corporation 2009 Incentive Stock and Awards Plan.

(10.2) Form of Oshkosh Corporation 2009 Incentive Stock and Awards Plan Stock Option Award Agreement.

(10.3) Form of Oshkosh Corporation 2009 Incentive Stock and Awards Plan Stock Appreciation Rights Award Agreement.











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Framework for Awards of Performance Shares

                   The following is the framework adopted by the Human Resources Committee (the “Committee”) of the Board of Directors of Oshkosh Corporation (the “Company”) for approving Awards of Performance Shares under the Oshkosh Corporation 2009 Incentive Stock and Awards Plan (the “Plan”) (capitalized terms used but not defined herein are used as defined in the Plan):

           1.      Participants; Performance Shares . As to each specific Award of Performance Shares, the Committee shall approve a list of Participants who will receive the number of Performance Shares listed opposite their names on such list.

           2.      Award Calculation Schedule . The Committee will approve a schedule as to each specific Award of Performance Shares that will set forth different percentiles representing the extent to which the Performance Goal applicable to the Award is achieved and a corresponding percentage of Award shares earned at each percentile. Each Performance Share represents the right to receive a number of Shares equal to the decimal equivalent of the percentage of Award shares earned as reflected on such schedule based upon to the extent to which the Performance Goal is achieved as reflected on such schedule, except that cash will be paid in lieu of any fractional Share.

           3.      Performance Goal . The Performance Goal applicable to the Awards is total shareholder return, which is the annualized rate of return reflecting stock price appreciation plus cash equivalent distributions and reinvestment of dividends as and when paid and the compounded effect of dividends paid on reinvested dividends (“TSR”), for Shares, on the one hand, and for the group of comparator companies reflected on a schedule to be approved by the Committee as to each specific Award of Performance Shares (the “Benchmark Companies”), on the other hand, for a performance period of approximately three years to be designated by the Committee as to each specific Award of Performance Shares (the “Performance Period”), assuming that $100 was invested in Shares and in the stock of each of the Benchmark Companies at the beginning of the Performance Period.

        a.      To determine TSR, the average of the closing market prices for the Shares and the Benchmark Companies, respectively, for the first ten trading days of the Performance Period and the average of the closing market prices for the Shares and the Benchmark Companies, respectively, for the last ten trading days of the Performance Period will be used.

        b.      The extent to which the Performance Goal is achieved will be determined by computing TSR for each of the Benchmark Companies, ordering the Benchmark Companies from lowest to highest based upon their respective TSR and determining how TSR for the Shares compares on a percentile basis. For this purpose, TSR for the Shares will equal or exceed a percentile only if it equals or exceeds the lowest TSR for a Benchmark Company that falls at or above the percentile. How TSR for the Shares compares on a percentile basis will then be applied to the award calculation schedule that the Committee approved to determine the number of Shares earned. Determinations will be made in a manner acceptable to the Committee and certified in writing in a manner that complies with Code Section 162(m). The Company will deliver the Shares earned to the Participant promptly after the determination of the number of Shares earned.

           4.      Termination of Employment; Change in Control .

        a.      If the employment of a Participant terminates due to Retirement, death or Disability after the tenth trading day of the Performance Period and prior to the end of the Performance Period and such termination occurs prior to a Change in Control, then the Participant will receive a number of Shares in respect of the Award equal to the product of (i) the number of Shares the Participant would have received had the Performance Period ended on the date of termination multiplied by (ii) a fraction the numerator of which is the number of days elapsed in the Performance Period prior to such termination and the denominator of which is the number of days in the full Performance Period. Such amount will be calculated and paid promptly following the date of termination.

        b.       The Participant will forfeit any rights under the Award in each of the following cases: (i) if the employment of a Participant terminates at any time prior to the commencement of the Performance Period; (ii) if the employment of a Participant terminates for reasons other than Retirement, death or Disability prior to the end of the Performance Period and such termination occurs prior to a Change in Control; or (iii) if the employment of a Participant terminates due to Retirement, death or Disability during the first ten trading days of the Performance Period and such termination occurs prior to a Change in Control.

        c.      In the event of a Change in Control after the commencement and prior to the end of the Performance Period (and prior to a termination to which 4.a or 4.b applies), a Participant will receive a number of Shares in respect of the Award calculated as if the Performance Period ended on the date of the Change in Control. Further, to determine TSR, (i) if the first public announcement of the event giving rise to the Change in Control occurs on or prior to the tenth trading day of the Performance Period, then the average of the closing market prices for the Shares and the Benchmark Companies, respectively, for the ten trading days preceding the first public announcement of the event giving rise to the Change in Control will be used in lieu of the average of the closing market prices for the Shares and the Benchmark Companies, respectively, for the first ten trading days of the Performance Period, but in no event will trading days prior to the date the Award is approved be used and (ii) the Change in Control Price will be used in lieu of the average of the closing market prices for the Shares for the last ten trading days of the Performance Period. The amount earned will be calculated and paid promptly following the date of the Change in Control.

        d.       In the event of a Change in Control after the end of the Performance Period and prior to the delivery of any Shares earned in respect of the Award, a Participant shall have the right to receive an amount of cash equal to the product of the number of Shares earned and the Change in Control Price.

           5.      No Dividends . Performance Shares as such will not entitle a Participant to receive dividend payments or dividend equivalent payments with respect to any Shares. However, at such time as the Company delivers Shares earned to a Participant, the Company will also deliver a number of Shares equal to the quotient obtained by dividing (a) the aggregate amount of cash dividends that the Company would have paid on the Shares earned over the course of the period commencing at the start of the Performance Period and ending on the date of delivery of the Shares earned had the Shares earned been outstanding on record dates for dividends during such period by (b) the Fair Market Value of the Shares on the date five business days prior to the date the Company delivers Shares earned to a Participant.

           6.      Tax Matters .

        a.       A Participant may defer the delivery of Shares that are issuable in respect of an Award pursuant to the Oshkosh Corporation Deferred Compensation Plan for Directors and Officers by delivering an election prior to the date the Award is approved.

        b.      To satisfy the federal, state and local withholding tax obligations of a Participant arising in connection with an Award, the Company will withhold Shares otherwise issuable under the Award having a Fair Market Value equal to the amount to be withheld. However, the amount to be withheld will not exceed the total minimum federal, state and local tax withholding obligations associated with the transaction. If the number of Shares to be withheld shall include a fractional share, then the number of Shares withheld shall be increased to the next higher whole number, and the Company shall deliver to the Participant cash in lieu of such fractional share representing such increase.

        c.      The Awards are intended to qualify as “performance-based compensation” under Code Section 162(m).

           7.      Beneficiary . A Participant may from time to time designate in writing, in a manner acceptable to the Company, a beneficiary to receive payment under the Award after the Participant’s death.

           8.      Award Agreement . This framework constitutes an award agreement relating to the Awards for purposes of the Plan.




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OSHKOSH CORPORATION
(a Wisconsin corporation)

2009 Incentive Stock and Awards Plan
Stock Option Award

«Name»
«Street»
«City»

Oshkosh Corporation (the “Company”) and you hereby agree as follows:

You have been granted Options to purchase shares of Common Stock of the Company under the Oshkosh Corporation 2009 Incentive Stock and Awards Plan (the “Plan”) with the following terms and conditions:

Grant Date:  

Type of Options: Nonqualified

Number of Shares: «Number»

Exercise Price per Share: $

Expiration Date:   Seven years after the Grant Date, unless terminated earlier as described in the Plan or this Award Agreement.

Vesting Schedule:  


Number of Shares Vesting Date


«Vest1»


«Vest2»


«Vest3»

Your Options will become fully vested if you terminate employment or service as a result of death, Disability or Retirement.

Manner of Exercise : You may pay the exercise price and any attributable tax for an Option in one or more of the following forms: (i) a check payable to the order of the Company for the purchase price of the shares being purchased and any attributable tax; (ii) delivery of shares of Common Stock (including by attestation) that you own and that have a Fair Market Value (determined on the date of delivery) equal to the exercise price of the shares being purchased and any attributable tax; (iii) delivery (including by facsimile) to the Company of an executed irrevocable option exercise form together with irrevocable instructions, in a form acceptable to the Company, to a broker-dealer to sell a sufficient portion of the shares of Common Stock issuable upon exercise of this Option and deliver the sale proceeds directly to the Company to pay for the exercise price and any attributable tax; (iv) by irrevocable written designation to the Company electing to surrender the right to receive shares of Common Stock otherwise deliverable to the Participant upon exercise of this Option that have a Fair Market Value (determined on the date of exercise) equal to the exercise price of the shares being purchased and any attributable tax; or (v) by any combination of (i), (ii), (iii) and (iv).

This Award is granted under and governed by the terms and conditions of the Plan. Additional provisions regarding your Options and definitions of capitalized terms used and not defined in this Award Agreement can be found in the Plan, a copy of which is attached hereto.

IN WITNESS WHEREOF, the Company has caused this Award Agreement to be duly executed, and you have executed this Award Agreement, all as of the day and year first above written.

  OSHKOSH CORPORATION

 
By: ___________________________


  Accepted:

 
By: ___________________________
       «Name 1»









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OSHKOSH CORPORATION
(a Wisconsin corporation)

2009 Incentive Stock and Awards Plan
Stock Appreciation Rights Award

«Name»
«Street»
«City»
«Country»

Oshkosh Corporation (the “Company”) and you hereby agree as follows:

You have been granted Stock Appreciation Rights relating to shares of Common Stock of the Company under the Oshkosh Corporation 2009 Incentive Stock and Awards Plan (the “Plan”) with the following terms and conditions:

Grant Date:  

Number of Shares: «Number»

Grant Price per Share: $

Expiration Date:   Three years, unless terminated earlier as described in the Plan.

Vesting Schedule:   Vests in full on the third anniversary of Grant Date.

                Your Stock Appreciation Rights will become fully vested if you terminate employment as a result of death or Disability. You will forfeit Stock Appreciation Rights when you terminate employment for any other reason.

Settlement: As soon as practicable following the third anniversary of the Grant Date or, if earlier, the date on which your Stock Appreciation Rights become fully vested upon termination of employment as a result of death or Disability (the “Settlement Date”), the compensation (if any) payable with respect to the Stock Appreciation Rights that are vested will be valued and paid in cash in your local currency using the spot rate on the Settlement Date, less applicable tax withholding. The value of the Stock Appreciation Rights that are vested will be equal to the product obtained by multiplying (1) the number of Shares underlying the Stock Appreciation Rights that are vested, and (2) the amount by which the Fair Market Value of a Share on the Settlement Date exceeds the Grant Price Per Share identified above. If the Fair Market Value of a Share on the Settlement Date is less than or equal to the Grant Price Per Share identified above, then no amount is payable with respect to the Stock Appreciation Rights. Following the Settlement Date, the Stock Appreciation Rights (whether or not resulting in a payment) will be cancelled. The Stock Appreciation Rights do not include the right to receive dividends or other distributions declared and paid on the Shares underlying the Stock Appreciation Rights.

                This Award is granted under and governed by the terms and conditions of the Plan. Additional provisions regarding your Stock Appreciation Rights and definitions of capitalized terms used and not defined in this Award Agreement can be found in the Plan, a copy of which is attached hereto. This Award is not related to any grant to you of an Option, and you acknowledge that you are not receiving an Option.


                IN WITNESS WHEREOF, the Company has caused this Award Agreement to be duly executed, and you have executed this Award Agreement, all as of the day and year first above written.

  OSHKOSH CORPORATION

 
By: ___________________________


  Accepted:

 
By: ___________________________
       «Name 1»




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