Exhibit 10.2

OTTER TAIL CORPORATION
1999 STOCK INCENTIVE PLAN
2012 RESTRICTED STOCK AWARD AGREEMENT
FOR EXECUTIVE OFFICERS

This Restricted Stock Award Agreement for Executive Officers is between Otter
Tail Corporation, a Minnesota corporation (the “Corporation”), and the person
named in the attached Restricted Stock Award Certificate who is an Executive
Officer of the Corporation effective as of the date of grant (the “Grant Date”)
set forth in the attached Restricted Stock Award Certificate.

WHEREAS, the Corporation, pursuant to the Otter Tail Corporation 1999 Stock
Incentive Plan (the “Plan”), wishes to award to the Executive Officer a number
of the Corporation’s Common Shares, par value $5.00 per share (the “Common
Shares”), subject to certain restrictions and on the terms and conditions
contained in this Agreement and in the attached Restricted Stock Award
Certificate, which is made a part hereof.

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the Corporation and the Executive Officer hereby
agree as follows:

1.           Award of Restricted Stock.  The Corporation hereby grants to the
Executive Officer, effective as of the Grant Date, an award of restricted stock
for that number of Common Shares set forth in the attached Restricted Stock
Award Certificate (the “Shares”), on the terms and conditions set forth in this
Agreement, the Restricted Stock Award Certificate and the Plan.

2.           Rights of the Executive Officer with Respect to the Shares.  With
respect to the Shares, the Executive Officer shall be entitled at all times on
and after the date of issuance of the Shares to exercise the rights of a
shareholder of Common Shares of the Corporation, including the right to vote the
Shares and the right to receive dividends thereon as provided in Section 8
hereof, unless and until the Shares are forfeited pursuant to Section 5(b)
hereof.  The rights of the Executive Officer with respect to the Shares shall
remain forfeitable at all times prior to the date or dates on which such rights
become vested, and the restrictions with respect to the Shares lapse, in
accordance with Section 3, 4 or 5(a) hereof.

3.           Vesting.  Subject to the terms and conditions of this Agreement,
the Shares shall vest, and the restrictions with respect to the Shares shall
lapse, in installments on the dates and in the amounts set forth in the attached
Restricted Stock Award Certificate if the Executive Officer remains continuously
employed by the Corporation until the respective vesting dates.

4.           Change of Control.  Notwithstanding the vesting provision contained
in Section 3 above, but subject to the other terms and conditions set forth
herein, upon the occurrence of a Change of Control (as defined below) prior to
any termination of the Executive Officer’s employment, the Executive Officer
shall become immediately and unconditionally vested in all of the Shares, and
the restrictions with respect to all of the Shares shall lapse. As used herein,
“Change of Control” shall mean any of the following events:
 
 
 

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(a)           The acquisition by any person, entity or “group,” within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), other than the Corporation or any of its
Affiliates, or any employee benefit plan of the Corporation and/or one or more
of its Affiliates, of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 15% or more of either the then
outstanding Common Shares or the combined voting power of the Corporation’s then
outstanding voting securities in a transaction or series of transactions not
approved in advance by a vote of at least three-quarters of the Continuing
Directors (as hereinafter defined); or

(b)           Individuals who, as of the Grant Date, constitute the Board of
Directors of the Corporation (generally the “Directors” and as of the Grant Date
the “Continuing Directors”) cease for any reason to constitute at least a
majority thereof, provided that any person becoming a Director subsequent to the
Grant Date whose nomination for election was approved in advance by a vote of at
least three-quarters of the Continuing Directors (other than a nomination of an
individual whose initial assumption of office is in connection with an actual or
threatened solicitation with respect to the election or removal of the Directors
of the Corporation, as such terms are used in Rule 14a-11 of Regulation 14A
under the Exchange Act) shall be deemed to be a Continuing Director; or

(c)           The approval by the shareholders of the Corporation of a
reorganization, merger, consolidation, liquidation or dissolution of the
Corporation or of the sale (in one transaction or a series of related
transactions) of all or substantially all of the assets of the Corporation other
than a reorganization, merger, consolidation, liquidation, dissolution or sale
approved in advance by a vote of at least three-quarters of the Continuing
Directors;

(d)           The first purchase under any tender offer or exchange offer (other
than an offer by the Corporation or any of its Affiliates) pursuant to which
Common Shares are purchased; or

(e)           At least a majority of the Continuing Directors determines in
their sole discretion that there has been a change in control of the
Corporation.

5.           Additional Vesting Rules; Forfeiture.
 
(a)           If the Executive Officer ceases to be employed by the Corporation
by reason of disability (as determined under any long-term disability program
then maintained by the Corporation that is applicable to the Executive Officer),
retirement (normal or early retirement under any retirement plan of the
Corporation that is applicable to the Executive Officer) or death prior to the
vesting of the Shares pursuant to Section 3 or 4 hereof, the Executive Officer
or the Executive Officer’s legal representatives, beneficiaries or heirs, as the
case may be, shall become immediately vested, as of the date of such disability,
retirement or death, in all of the unvested Shares, and the restrictions with
respect to all of such Shares shall lapse.  No transfer by will or the
applicable laws of descent and distribution of any Shares which vest by reason
of the Executive Officer’s death shall be effective to bind the Corporation
unless the Compensation Committee shall have been furnished with written notice
of such transfer and a copy of the will or such other evidence as the
Compensation Committee may deem necessary to establish the validity of the
transfer.
 
 
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(b) If the Executive Officer’s employment relationship with the Corporation
ceases for reasons other than disability, retirement or death prior to the
vesting of the Shares pursuant to Section 3 or 4 hereof, the Executive Officer’s
rights to all of the unvested Shares shall be immediately and irrevocably
forfeited, including the right to vote such Shares and the right to receive cash
dividends.

6.           Restriction on Transfer.  Until the Shares vest pursuant to Section
3, 4 or 5(a) hereof, none of the Shares may be sold, assigned, transferred,
pledged, hypothecated or otherwise disposed of or encumbered, and no attempt to
transfer the Shares, whether voluntary or involuntary, by operation of law or
otherwise, shall vest the transferee with any interest or right in or with
respect to the Shares.

7.           Issuance and Custody of Certificates.

(a) The Corporation shall cause to be issued uncertificated book-entry shares,
registered in the Executive Officer’s name, representing the Shares.  These
Shares shall be held as restricted Shares until the vesting dates, be subject to
an appropriate stop-transfer order and shall bear the following restrictive
legend:

“The Common Shares represented by book-entry are subject to forfeiture and are
subject to the restrictions against transfer as contained in the Otter Tail
Corporation 1999 Stock Incentive Plan and a Restricted Stock Award Agreement
between Otter Tail Corporation and the registered owner of such shares.  Release
from such restrictions, terms and conditions shall be made only in accordance
with the provisions of the Plan and the Agreement, copies of which are on file
in the office of the Secretary of Otter Tail Corporation.”

(b)           Upon execution of this Agreement, the Executive Officer shall
execute and deliver to the Corporation a stock power or stock powers relating to
the Shares.

(c)           After any Shares vest pursuant to Section 3, 4 or 5(a) hereof, and
following payment of the applicable withholding taxes pursuant to Section 9
hereof, the Corporation shall promptly cause to be issued a certificate or
certificates, registered in the Executive Officer’s name or in the name of the
Executive Officer’s legal representatives, beneficiaries or heirs, as the case
may be, representing such vested Shares (less any shares withheld to pay
withholding taxes), free of the legend provided in Section 7(a) hereof and any
stop-transfer order with respect to such Shares, and shall cause such
certificate or certificates to be delivered to the Executive Officer or the
Executive Officer’s legal representatives, beneficiaries or heirs, as the case
may be.

8.           Distributions and Adjustments.

(a)           If any Shares vest in the Executive Officer subsequent to any
change in the number or character of the Common Shares of the Corporation
(through recapitalization, stock split, stock dividend, reorganization, merger,
consolidation or otherwise), the Executive Officer shall then receive upon such
vesting the number and type of securities or other consideration which the
Executive Officer would have received if such Shares had vested prior to the
event changing the number or character of the outstanding Common Shares.
 
 
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(b)           Any additional Common Shares of the Corporation, any other
securities of the Corporation and any other property (except for cash dividends
or other cash distributions) distributed with respect to the Shares prior to the
date or dates the Shares vest shall be subject to the same restrictions, terms
and conditions as the Shares to which they relate and shall be promptly
deposited with the Secretary of the Corporation or a custodian designated by the
Secretary.

(c)           Any cash dividends or other cash distributions payable with
respect to the Shares shall be distributed to the Executive Officer at the same
time cash dividends or other cash distributions are distributed to shareholders
of the Corporation generally.

9.           Income Tax Matters.

(a)           The Executive Officer acknowledges that the Executive Officer will
consult with the Executive Officer’s personal tax advisor regarding the income
tax consequences of the grant of the Shares, payment of dividends on the Shares
and the vesting of the Shares or any other matters related to this
Agreement.  In order to comply with all applicable federal or state income tax
laws or regulations, the Corporation may take such action as it deems
appropriate to ensure that all applicable federal or state payroll, withholding,
income or other taxes, which are the sole and absolute responsibility of the
Executive Officer, are withheld or collected from the Executive Officer.

(b)            In accordance with the terms of the Plan, and such rules as may
be adopted by the Compensation Committee under the Plan, you may elect to
satisfy your federal and state income tax withholding obligations arising from
the receipt of the Shares by (i) delivering cash, check (bank check, certified
check or personal check) or money order payable to the order of the Corporation,
(ii) having the Corporation withhold a portion of the Shares otherwise to be
delivered having a Fair Market Value equal to the amount of the employer’s
minimum statutory withholding requirements, or (iii) delivering to the
Corporation Common Shares having a Fair Market Value equal to the amount of such
taxes.  The Corporation will not deliver any fractional Share but will pay, in
lieu thereof, the Fair Market Value of such fractional Share.  Your election
must be made on or before the date that the amount of tax to be withheld is
determined.

10.           Miscellaneous.

(a)           Nothing contained in this Agreement or the Plan shall confer on
the Executive Officer any right to continue in the employ of the Corporation or
affect in any way the right of the Corporation to terminate the employment of
the Executive Officer at any time.

(b)           The Corporation shall not be required to deliver any Shares until
the requirements of any federal or state securities laws, rules or regulations
or other laws or rules (including the rules of any securities exchange) as may
be determined by the Corporation to be applicable are satisfied.
 
 
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(c)           This Agreement is subject to the terms of the Plan.  Terms used in
this Agreement which are not defined herein shall have the respective meanings
given to such terms in the Plan. A copy of the Plan is available to the
Executive Officer upon request.

(d)           This Agreement shall be governed by and construed in accordance
with the internal laws of the State of Minnesota, without giving effect to the
conflicts of laws principles thereof.

(e)           Headings in this Agreement are for convenience of reference only
and shall not be deemed in any way to be material or relevant to the
construction or interpretation of this Agreement or any provision hereof.

(f)           THIS RESTRICTED STOCK AWARD AGREEMENT FOR EXECUTIVE OFFICERS IS
ATTACHED TO AND MADE A PART OF A RESTRICTED STOCK AWARD CERTIFICATE FOR
EXECUTIVE OFFICERS AND SHALL HAVE NO FORCE OR EFFECT UNLESS SUCH RESTRICTED
STOCK AWARD CERTIFICATE FOR EXECUTIVE OFFICERS IS DULY EXECUTED AND DELIVERED BY
THE CORPORATION AND THE EXECUTIVE OFFICER.

* * * * * * * *
 
 
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OTTER TAIL CORPORATION
 
1999 STOCK INCENTIVE PLAN

RESTRICTED STOCK AWARD CERTIFICATE FOR EXECUTIVE OFFICERS

This certifies the award of restricted stock as specified below which has been
granted under the Otter Tail Corporation 1999 Stock Incentive Plan (the “Plan”),
the terms and conditions of which are incorporated by reference herein and made
a part hereof.  In addition, the award shown in this Certificate is
nontransferable and is subject to the terms and conditions set forth in the
attached 2012 Restricted Stock Award Agreement for Executive Officers of which
this Certificate is a part.

[Name and address of recipient]

[Social Security Number of recipient]

You have been granted the following Award:
                                                                                                                                                                                            

Grant Type:   Restricted Stock   Number of Common Shares:   _____________  
Grant Date:   April 16, 2012          
Vesting Schedule:
             
Date
 
Percentage of
Restricted Stock Vested
 
April 8, 2013
 
25%
 
April 8, 2014
 
25%
 
April 8, 2015
 
25%
 
April 8, 2016
 
25%
 

By the Corporation’s and your signature below, it is agreed that this award of
restricted stock is governed by the terms and conditions of the 2012 Restricted
Stock Award Agreement for Executive Officers, a copy of which is attached and
made a part of this document, and the Corporation’s 1999 Stock Incentive Plan.
 

  OTTER TAIL CORPORATION           By:         [Name of Authorized Officer]    
  [Title]                       [Name of recipient]  

 
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