3 HP and larger Franklin motors do have a screened vent plug on the side of the motor at the top. 2 HP and smaller motors do not have a vent. All of these motors have a small hole in the very bottom of the motor to allow water to enter a diaphragm chamber. This diaphragm is designed to equalize the pressure inside the motor with the pressure outside. The diaphragm separates the vent area from the motor housing so water cannot enter the motor from this bottom hole. The antifreeze solution inside the motor will eventually leak out of the motor through the seal or in the larger motors also through the vent hole. If the motor is submerged, the fluid that leaks out is replaced by the fresh water in the well. This is why you can't store a used motor in a place that will freeze. Once the motor has been used enough for the antifreeze to be replaced with fresh water, storing it in a place that will freeze will cause the motor to freeze and usually pushes out one end or the other of the motor, which ruins the motor. If the motor has been laying on the shelf long enough for the fluid to leak or evaporate, this fluid should be replaced before the motor is installed. The air in the motor will also leak out after installation and be replaced with fresh water, usually through the seal, and in the case of 2 HP and smaller this is the only place the water can enter the motor. Even if the motor is only a spoonful of fluid short, the air is always at the top, which causes the top bushing and seal to run dry for a while until the air leaks out. Running the seal dry is what causes the seal to start leaking which lets the air out and water back in. By this time you have already damaged the seal and top bushing, shorting the life of a motor that was already designed to fail in an average of 7 years. Of course Franklin is going to tell you that it is OK to leave them on the shelf a long time, they like to sell more motors. Talk to one of Franklins warranty stations, in our area it is Brandon & Clark Electric. They will tell you that nearly every motor that has been stored and then comes to them to be updated before installation, requires a small amount of fluid to top it off. I have lots of old motors of all sizes laying around my shop. I would not be afraid of installing one of these old motors as long as I top off the fluid before I install it. Some motors like Pleuger actually come with a little funnel and have a removable vent plug at the top with instructions to top off the fluid before installation. Of course that would only be one of the differences between a quality motor and one that was DESIGNED to fail.