Common use of Award of Performance Shares Clause in Contracts

Award of Performance Shares. 1.1. The Trust hereby grants to the Key Employee, as of February 28, 2002 (the "Award Date"), Ten Thousand (10,000) Shares (the "Performance Shares"), subject to the restrictions and other terms and conditions set forth herein and in the Amended Plan. 1.2. On or as soon as practicable after the Award Date, the Trust shall cause one or more stock certificates representing the Performance Shares to be registered in the name of the Key Employee. Such stock certificate or certificates shall be subject to a stop-transfer order and such other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are listed and any applicable federal or state securities law, and the Trust may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 1.3. The certificate or certificates representing the Performance Shares shall be held in custody by the Chief Financial Officer of the Trust until the Restriction Period (as hereinafter defined in Paragraph 4) with respect thereto shall have lapsed. Simultaneously with the execution and delivery of this Agreement, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Performance Shares. The Trust shall deliver or cause to be delivered to the Key Employee or, in the case of the Key Employee's death, to the Key Employee's Beneficiary, one or more stock certificates for the appropriate number of Shares, free of all such restrictions, as to which the restrictions herein shall have expired. Upon forfeiture, in accordance with Paragraph 4, of all or any portion of the Performance Shares, the certificate or certificates representing the forfeited Performance Shares shall be canceled.

Award of Performance Shares. 1.1. The Trust hereby grants to the Key Employee, as of February 289, 2002 2000 (the "Award Date"), Ten Thousand thirty-seven thousand five hundred (10,00037,500) Shares (the "Performance Shares"), subject to the restrictions and other terms and conditions set forth herein and in the Amended Plan. 1.2. On or as soon as practicable after the Award Date, the Trust shall cause one or more stock certificates representing the Performance Shares to be registered in the name of the Key Employee. Such stock certificate or certificates shall be subject to a stop-transfer order and such other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are listed and any applicable federal or state securities law, and the Trust may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 1.3. The certificate or certificates representing the Performance Shares shall be held in custody by the Chief Financial Officer of the Trust until the Restriction Period (as hereinafter defined in Paragraph 4) with respect thereto shall have lapsed. Simultaneously with the execution and delivery of this Agreement, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Performance Shares. The Trust shall deliver or cause to be delivered to the Key Employee or, in the case of the Key Employee's death, to the Key Employee's Beneficiary, one or more stock certificates for the appropriate number of Shares, free of all such restrictions, as to which the restrictions herein shall have expired. Upon forfeiture, in accordance with Paragraph 4, of all or any portion of the Performance Shares, the certificate or certificates representing the forfeited Performance Shares shall be canceled.

Award of Performance Shares. 1.1. The Trust hereby grants to the Key Employee, as of February 28, 2002 (the "Award Date"), Ten Three Thousand Five Hundred (10,0003,500) Shares (the "Performance Shares"), subject to the restrictions and other terms and conditions set forth herein and in the Amended Plan. 1.2. On or as soon as practicable after the Award Date, the Trust shall cause one or more stock certificates representing the Performance Shares to be registered in the name of the Key Employee. Such stock certificate or certificates shall be subject to a stop-transfer order and such other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are listed and any applicable federal or state securities law, and the Trust may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 1.3. The certificate or certificates representing the Performance Shares shall be held in custody by the Chief Financial Officer of the Trust until the Restriction Period (as hereinafter defined in Paragraph 4) with respect thereto shall have lapsed. Simultaneously with the execution and delivery of this Agreement, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Performance Shares. The Trust shall deliver or cause to be delivered to the Key Employee or, in the case of the Key Employee's death, to the Key Employee's Beneficiary, one or more stock certificates for the appropriate number of Shares, free of all such restrictions, as to which the restrictions herein shall have expired. Upon forfeiture, in accordance with Paragraph 4, of all or any portion of the Performance Shares, the certificate or certificates representing the forfeited Performance Shares shall be canceled.

Award of Performance Shares. 1.1. The Trust (a) Polaris hereby grants confirms the grant to the Key EmployeeParticipant, as of February 28, 2002 2008 (the "“Award Date"”), Ten Thousand (10,000) Shares the number of shares of Common Stock identified on the cover page of this Agreement (the "“Performance Based Restricted Shares"”), subject to the restrictions and other terms and conditions set forth herein and in the Amended Planherein. 1.2. On or as (b) As soon as practicable after the Award Date, the Trust Polaris shall cause one or more stock certificates representing the Performance Based Restricted Shares to be registered in the name of the Key EmployeeParticipant. Such stock certificate or certificates shall be subject to a such stop-transfer order orders and such other restrictions as the Board of Trustees or any committee thereof Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are Common Stock is listed and any applicable federal or state securities law, and the Trust may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 1.3. In addition, each certificate representing the Performance Based Restricted Shares shall bear the following legend (the “Agreement Legend”): The sale or transfer of this certificate and the shares of stock represented by this Certificate, whether voluntarily, involuntarily or by operation of law are subject to the terms and conditions (including forfeiture) set forth in the Polaris Industries Inc. 2007 Omnibus Incentive Plan and in the associated Performance Based Restricted Share Award Agreement entered into between the registered owner and Polaris Industries Inc. Copies of such Agreement are on file in the offices of Polaris Industries Inc., 0000 Xxxxxxx 00, Xxxxxx, Xxxxxxxxx 00000. Until the Period of Restriction (as hereinafter defined in Paragraph 3) with respect to the Performance Based Restricted Shares shall have lapsed (i) the certificate or certificates representing the Performance Based Restricted Shares shall be held in custody by the Chief Financial Officer Secretary of Polaris, (ii) such certificates shall be deemed not delivered to the Trust until Participant, and (iii) the Restriction Period (as hereinafter defined in Paragraph 4) Participant shall have no interest with respect thereto shall have lapsedto the Performance Based Restricted Shares except as expressly provided herein and in the Plan. Simultaneously Simultaneously, with the execution and delivery of this Agreement, the Key Employee Participant shall deliver to the Trust Polaris one or more undated stock powers endorsed in blank relating to the Performance Based Restricted Shares. The Trust Upon expiration of the restrictions applicable to all or any portion of the Performance Based Restricted Shares, subject to Xxxxxxxxx 0, Xxxxxxx shall deliver or cause to be delivered to the Key Employee or, in Participant a certificate or certificates without the case of the Key Employee's death, to the Key Employee's Beneficiary, one or more stock certificates Agreement Legend for the appropriate number of Shares, free of all such restrictions, as those shares to which the restrictions herein shall have expired. Upon forfeiture, in accordance with Paragraph 4, of all or any portion of the Performance Based Restricted Shares, the certificate or certificates representing the forfeited Performance Based Restricted Shares shall be canceled.

Award of Performance Shares. 1.1. The Trust hereby grants to the Key Employee, as of February 28January 1, 2002 1998 (the "Award Date"), Ten Thousand three hundred thousand (10,000300,000) Shares (the "Performance Shares"), subject to the restrictions and other terms and conditions set forth herein and in the Amended Plan. 1.2. On or as soon as practicable after the Award Date, the Trust shall cause one or more stock certificates representing the Performance Shares to be registered in the name of the Key Employee. Such stock certificate or certificates shall be subject to a stop-transfer order and such other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are listed and any applicable federal or state securities law, and the Trust may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 1.3. The certificate or certificates representing the Performance Shares shall be held in custody by the Chief Financial Officer of the Trust until the Restriction Period (as hereinafter defined in Paragraph 4) with respect thereto shall have lapsed. Simultaneously with the execution and delivery of this Agreement, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Performance Shares. The Trust shall deliver or cause to be delivered to the Key Employee or, in the case of the Key Employee's death, to the Key Employee's Beneficiary, one or more stock certificates for the appropriate number of Shares, free of all such restrictions, as to which the restrictions herein shall have expired. Upon forfeiture, in accordance with Paragraph 4, of all or any portion of the Performance Shares, the certificate or certificates representing the forfeited Performance Shares shall be canceled.