Five Year Post-Retirement Consulting and Noncompetition Agreement January 1, 2006 to December 31, 2010Toro Co • January 3rd, 2006 • Lawn & garden tractors & home lawn & gardens equip • Minnesota
This Agreement is entered into as of December 31, 2005, by and between The Toro Company (“we” or “us”), a Delaware corporation, and Kendrick B. Melrose (“you”), our retired Chief Executive Officer, to set forth the terms and conditions of a consulting and noncompetition arrangement between us in accordance with provisions of the Chief Executive Officer Succession Incentive Award Agreement (“CEO Incentive Agreement”) dated as of July 31, 1995, as amended.
