EXHIBIT 10.23

                                IDEX CORPORATION
                             STOCK OPTION AGREEMENT

NAME:                               PLAN:  IDEX CORPORATION INCENTIVE AWARD PLAN
ADDRESS:                            GRANT: OPTION TO PURCHASE ________ SHARES OF
                                            COMMON STOCK

                                    EXERCISE PRICE: $

TAXPAYER
IDENTIFICATION NUMBER:              GRANT DATE:

SIGNATURE:

Effective on the Grant Date you have been granted an the option to purchase the
number of shares of Common Stock of the Company at the exercise price designated
above, in accordance with the provisions of the IDEX Corporation Incentive Award
Plan (the "Plan"). This option may be exercised for whole shares only.

This option will vest and may be exercised in accordance with the following
schedule:

            25% of the shares subject to the option will be vested on the first
            anniversary of the Grant Date, and 25% shall vest on the date of
            each anniversary thereafter, with full vesting on the fourth
            anniversary of the Grant Date.

In the event of the termination of your employment or service for any reason,
whether such termination is occasioned by you, by the Company or any of its
Subsidiaries, with or without cause or by mutual agreement ("Termination of
Service"), your right to vest in your option under the Plan, if any, will
terminate effective as of the earlier of: (i) the date that you give or are
provided with written notice of Termination of Service, or (ii) if you are an
employee of the Company or any of its Subsidiaries, the date that you are no
longer actively employed and physically present on the premises of the Company
or any of its Subsidiaries, regardless of any notice period or period of pay in
lieu of such notice required under any applicable statute or the common law
(each, the "Notice Period"). For greater clarity, you have no rights to vest in
your option during the Notice Period.

Notwithstanding the foregoing, this option shall be fully vested and be
exercisable upon your Termination of Service by reason of death, Disability, or
Retirement, or upon a Change in Control of the Company. "Retirement" means your
voluntary Termination of Service on or after accruing at least five Years of
Service with the Company and attaining an age of at least 50, if the sum of your
age and Years of Service is at least 70. "Years of Service" means the number of
full years that you have been employed by or providing service to the Company or
any of its Subsidiaries.

The option may not be exercised until vested. Once vested, the option may be
exercised in whole or any part, at any time. However, a vested option must be
exercised, if at all, prior to the earlier of:

      (a)   one year following your Termination of Service with the Company or
            any of its Subsidiaries by reason of death, Retirement or
            Disability;

      (b)   90 days following your last day of active employment or service with
            or for the Company or any Subsidiary for any reason other than
            death, Disability or Retirement; for this purpose your last day of
            active employment or service will be deemed to occur on the date of
            the closing of the sale of all or substantially all of the stock or
            assets of a Subsidiary for which you are employed at the time of the
            transaction;

      (c)   one year following the effective date of a Change in Control, unless
            waived by the Committee;

      (d)   the tenth anniversary of the Grant Date;

and if not exercised prior thereto shall terminate and no longer be exercisable.

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The option will be deemed exercised upon your completing the exercise procedures
established by the Company and your payment of the option exercise price per
share and any applicable tax withholding to the Company. Payment may be made in
cash or such other method as the Company may permit from time to time as set
forth in the Plan.

Notwithstanding anything in the Plan to the contrary and in accordance with
Section 4.1(b) of the Plan, if you are a resident for tax purposes in Brazil or
China (PRC), you may exercise your option only by placing a market sell order
with a broker with respect to shares of Common Stock then issuable upon exercise
of the option as described in Section 5.1(c) of the Plan.

The Company has the authority to deduct or withhold, or require you to remit to
the Company, an amount sufficient to satisfy applicable federal, state, local
and foreign taxes arising from this option. You may satisfy your tax obligation,
in whole or in part, by either: (i) electing to have the Company withhold shares
otherwise to be delivered with a fair market value equal to the minimum amount
of the tax withholding obligation; or (ii) surrendering to the Company
previously owned Common Stock with a fair market value equal to the minimum
amount of the tax withholding obligation. If you are subject to United Kingdom
income tax and/or national insurance contributions, the Company or any
Subsidiary may withhold or collect any income tax and national insurance
contributions: (i) by deduction from salary or any other payment payable to you
at any time on or after the day an income tax charge arises in respect of an
option; (ii) directly from you by payment of cleared funds; or (iii) by
arranging for the sale of some of the shares of Common Stock to which you are
entitled following the exercise of your option.

This option is not transferable except by will or the laws of descent and
distribution.

You acknowledge and consent to the collection, use, processing and transfer of
personal data as described in this paragraph. The Company, its affiliates and
your employer hold certain personal information, including your name, home
address and telephone number, date of birth, social security number or other
employee tax identification number, salary, nationality, job title, any shares
of stock awarded, cancelled, purchased, vested, unvested or outstanding in your
favor, for the purpose of managing and administering the Plan ("Data"). The
Company and its affiliates will transfer Data to any third parties assisting the
Company in the implementation, administration and management of the Plan. These
recipients may be located in the European Economic Area, or elsewhere such as
the United States. You authorize them to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Plan,
including any requisite transfer of such Data as may be required for the
administration of the Plan and/or the subsequent holding of shares of stock on
your behalf to a broker or other third party with whom you may elect to deposit
any shares of stock acquired pursuant to the Plan. You may, at any time, review
Data, require any necessary amendments to it or withdraw the consent herein in
writing by contacting the Company; however, withdrawing the consent may affect
your ability to participate in the Plan.

Your participation in the Plan is voluntary. The value of the option is an
extraordinary item of compensation outside the scope of your employment
contract, if any. As such, the option is not part of normal or expected
compensation for purposes of calculating any severance, resignation, redundancy,
end of service payments, bonuses, long-service awards, pensions or retirement
benefits or similar payments unless specifically and otherwise provided. Rather,
the awarding of an option under the Plan represents a mere investment
opportunity.

This option is granted under and governed by the terms and conditions of the
Plan. You acknowledge and agree that the Plan is discretionary in nature and may
be amended, cancelled, or terminated by the Company, in its sole discretion, at
any time. The grant of an option under the Plan is a one-time benefit and does
not create any contractual or other right to receive a grant of options or
benefits in lieu of options in the future. Future grants of options, if any,
will be at the sole discretion of the Company, including, but not limited to,
the timing of the grant, the number of stock options, vesting provisions, and
the exercise price. The Plan has been introduced voluntarily by the Company and
in accordance with the provisions of the Plan may be terminated by the Company
at any time. By execution of this Agreement, you consent to the provisions of
the Plan and this Agreement. Defined terms used herein shall have the meaning
set forth in the Plan, unless otherwise defined herein.

COMPANY:

IDEX CORPORATION

___________________________________________________
By: Frank J. Notaro
    Vice President - General Counsel and Secretary

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