EXHIBIT 10.19

PERSONAL AND CONFIDENTIAL
VIA OVERNIGHT MAIL

                                November 13, 2002

Ms. Kimberly Bors
728 Westgate Road
Deerfield, Illinois 60015

Dear Kim:

         We are pleased to offer you the position of Vice President - Human
Resources for IDEX. The position is situated at the Executive Office in
Northbrook, Illinois. In this position you will report directly to Dennis
Williams, IDEX Chief Executive Officer, Chairman, and President.

         The following terms apply to this offer:

     -   Your annual base salary will be $220,000, payable on a monthly basis at
         the rate of $18,333 per month. You will be eligible for a review of
         your salary with consideration for an increase on January 1, 2004.
         While we hope that you have a long and mutually beneficial relationship
         with IDEX, your employment will not be for any fixed term or definite
         period and may be terminated at any time.

     -   You will be eligible for participation in our Management Incentive
         Compensation Plan (MICP), which provides annual incentive earnings
         opportunity based on group and personal performance. You will be placed
         in Salary Range 24, which means your target level of extra compensation
         will be 57% of your annual base pay in effect at the beginning of the
         plan year. The actual payout under the plan could be more or less than
         the target level and will depend on the performance of your operations
         and your performance. Enclosed is a copy of the IDEX MICP plan
         document.

         For the 2003 MICP plan year, we will guarantee a minimum pay-out of
         $95,000, provided your employment with IDEX begins on or before January
         2, 2003 and you remain employed with IDEX on December 31, 2003. If
         actual unit and personal performance earn a higher bonus (prorated for
         the number of months of participation rounded to full months), the
         higher amount will be



LETTER TO MS. KIM BORS
November 13, 2002
Page Two

         payable. The 2003 bonus is payable in late January or early February
         2004.

         For the 2004 MICP plan year, your bonus will be based on actual unit
         and personal performance.

     -   You will be eligible for the full range of ChoiceComp benefits for IDEX
         employees at the Executive Office, including defined benefit pension,
         401(k) IDEX Savings Plan, medical and dental coverage, short-term and
         long-term disability coverage, and life insurance. A ChoiceComp folder
         describing our flexible benefit plan is enclosed. You will be eligible
         for medical coverage on the first of the month following your
         employment date.

     -   As an IDEX officer, you are eligible to use a company-provided car
         under the IDEX Car Policy. Currently, you would be eligible for a Buick
         Park Avenue, Chrysler 300 LX, BMW 325i, Lexus ES 300, or several other
         specified similar-valued cars. You will be subject to taxable income
         for the personal use of this car under current IRS regulations. Please
         work with Doug Lennox, Treasurer, to place the order through Wheels,
         Inc., which supplies our company cars.

     -   Subject to approval of our Board of Directors, we expect to award you
         an appropriate number of stock options under the IDEX Corporation Stock
         Option Plan. This plan is designed to provide an incentive and reward
         to key employees who are in a position to make substantial
         contributions to the success of the company. Stock options are normally
         awarded to MICP participants at the Annual Shareholders' Meeting in
         March.

         The initial price at which the options are granted will be the fair
         market value on the day prior to the meeting at which the shares are
         approved (or the day before the date if issue, if they are issued at a
         later date). If and when the options are granted, we will notify you,
         provide you with a Stock Option Agreement, and ask that you sign the
         agreement and complete a beneficiary designation form.

         A special stock option grant of 15,000 shares will be awarded to you
         immediately following your starting employment with IDEX



LETTER TO MS. KIM BORS
November 13, 2002
Page Three

         The initial price at which the options are granted will be the fair
         market value on the day immediately prior to the effective date of the
         grant.

     -   Effective January 1, 2004, you will be eligible to participate in the
         IDEX Deferred Compensation Plan for Officers, which provides an
         alternative to defer income and subsequent earnings on that income
         until after retirement.

     -   You will be eligible for three (3) weeks of vacation during the
         vacation year from June 1 through May 31, and in each succeeding
         vacation year. We will work with you to schedule vacation you may
         require between now and May 31, 2003.

     -   As discussed with you, we expect that IDEX will continue to grow and
         prosper as an independent publicly-owned company. However, in the event
         of a "Change in Control," as defined in the Amended and Restated IDEX
         Corporation Supplemental Executive Retirement Plan, that results in
         your termination from service within 24 months of the Change of
         Control, the Company would be obligated to pay your salary at the rate
         then in effect and your then current target MICP bonus for a minimum of
         36 months following the date of termination. This payment would not be
         applicable in the event of your resignation.

     -   We are agreeable to delaying the start date for your employment until
         January 2, 2003 to enable you to complete your long-term project and to
         enhance the possibility of your access to earned annual and longer-term
         incentive payments. In order to reflect equity that may be jeopardized
         in making the transition between companies, a signing bonus of $25,000,
         less appropriate deductions for taxes, will be payable on February 1,
         2003.

         This offer of employment is subject to your satisfactory completion of
a drug and alcohol abuse-screening test. The test may be scheduled at a
qualified laboratory. The results should be communicated to me.

         At IDEX we have a strong standard of conduct and ethics policy, a copy
of which is enclosed. Immediately upon accepting employment, we



LETTER TO MS. KIM BORS
November 13, 2002
Page Four

ask that you sign a statement indicating that you have read the policy and will
abide by it.

         The company does require that all salaried employees agree to and sign
a Confidentiality and Invention Agreement. A copy is enclosed.

         Two copies of this offer letter are enclosed. Please indicate your
acceptance of this offer by signing on the line provided below and return a
signed copy to me by Wednesday, November 20, 2002.

         Kim, we have discussed some of the critical challenges that our team
faces. We are confident that your leadership skills and experience can make a
significant contribution to the success of the IDEX Corporation, and that this
position can be a positive professional step for you.

                                          Sincerely,
                                          /s/ Jerry N. Derck
                                          Jerry N. Derck

      _________________________________      __________________
        Acceptance of Employment Offer              Date
                 Kim Bors

c: D. K. Williams

Enclosures:

-        MICP Plan Document

-        ChoiceComp benefit folder

-        Ethics policy

-        Ethics acknowledgement form

-        Confidentiality Agreement - Exhibit A