0000042888-03-000021 Sample Contracts

GRACO EXECUTIVE LONG TERM INCENTIVE AGREEMENT RESTRICTED STOCK AWARD
Restricted Stock Award Agreement • May 2nd, 2003 • Graco Inc • Pumps & pumping equipment

This Agreement is made as of the 6th day of January, 2003, between Graco Inc., a Minnesota corporation (the “Company”), and. Karen Park Gallivan (the “Employee”) pursuant to the Graco Inc. Stock Incentive Plan (the “Plan”). Unless otherwise defined herein, terms used herein shall have the meanings assigned to them under the Plan.

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STOCK OPTION AGREEMENT (NON-ISO)
Stock Option Agreement • May 2nd, 2003 • Graco Inc • Pumps & pumping equipment

WHEREAS, the Company pursuant to the Graco Inc. Stock Incentive Plan (the “Plan”) wishes to grant this stock option to Employee;

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