Exhibit 10.3

Vice President of Sales Bonus Arrangement

Fastenal Company's Vice President of Sales is paid a bonus under an individual
bonus arrangement. Under this arrangement, the bonus paid to the Vice President
of Sales for any quarter is calculated based on the amounts by which the
Company's net sales and consolidated pre-tax income for such quarter exceed,
respectively, the Company's net sales and consolidated pre-tax income for the
same quarter in the prior year.