NONQUALIFIED STOCK OPTION AGREEMENT THE TORO COMPANY 2010 EQUITY AND INCENTIVE PLAN (GRANTS OUTSIDE THE UNITED STATES OF AMERICA)Nonqualified Stock Option Agreement • December 20th, 2013 • Toro Co • Lawn & garden tractors & home lawn & gardens equip • Delaware
This Agreement (this “Agreement”) dated [grant date] (the “Grant Date”), between The Toro Company, a Delaware corporation (“Toro”), and [name] (“you”) sets forth the terms and conditions of the grant to you of a nonqualified option (this “Option”) to purchase [shares granted] shares of common stock, par value $1.00 per share, of Toro (“Shares”), at an exercise price of $[grant price] per Share, under The Toro Company 2010 Equity and Incentive Plan, as amended (the “Plan”). This Option is subject to all of the terms and conditions set forth in the Plan, this Agreement and the Nonqualified Stock Option Acceptance Agreement should you decide to accept this Option. All of the terms in this Agreement and the Nonqualified Stock Option Acceptance Agreement that begin with a capital letter are either defined in this Agreement or in the Plan. For purposes of this Agreement and the Nonqualified Stock Option Acceptance Agreement, any reference to “Toro” shall include any Affiliate or Subsidiary t
