BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

 

2004 Annual Report on Form 10-K

 

EXHIBIT 10.5(c)

 

AMENDMENT TO THE

BRIGGS & STRATTON CORPORATION

AMENDED AND RESTATED

STOCK INCENTIVE PLAN

 

WHEREAS, the Company executed Stock Option Agreements as of August 4, 1999 (the
“1999 Agreements”) that grant optionees stock options to purchase from the
Company shares of its common stock at $74.53 per share during the period
commencing on August 4, 2002 and ending on August 4, 2004,

 

WHEREAS, the Company intends to publicly release its fiscal 2004 year-end
financial information on or about August 5, 2004, and immediately prior to that
date certain individuals will be prohibited from engaging in cashless exercises
with respect to these options under the Company’s policy on insider trading, and

 

WHEREAS, the Company desires to provide all optionees the opportunity to
exercise options under the 1999 Agreements for a limited period of time
following the public release of its year-end financial information,

 

RESOLVED, the officers of the Company are authorized to amend the 1999
Agreements effective August 4, 2004 so that (a) the unexercised portion of any
incentive stock option granted under the 1999 Agreements shall be converted to a
non-qualified stock option, and (b) such option and any other unexercised option
granted under the 1999 Agreements shall expire on August 31, 2004.