Document:

2008 Form of Nonstatutory Stock Option Agreement.

 Exhibit 10.17(a) 
 MANPOWER INC. 
 NONSTATUTORY STOCK OPTION AGREEMENT 
 This Nonstatutory Stock Option Agreement (this “Agreement”) is executed as of
                    , by and between MANPOWER INC., a Wisconsin corporation (the “Corporation”), and
                     (the “Employee”). 
 W I T N E S S E T H: 
 WHEREAS the Board of Directors of the Corporation has established the 2003 Equity
Incentive Plan (the “Plan”) for employees and directors of the Corporation and its Subsidiaries; 
 WHEREAS, the Corporation
anticipates that the Plan will promote the best interests of the Corporation and its shareholders (i) by providing participants who have acquired a proprietary interest in the Corporation with a stronger incentive to put forth maximum effort
for the continued success and growth of the Corporation and its Subsidiaries, and (ii) by enabling the Corporation to attract and retain superior employees; and 
 WHEREAS, the Corporation has granted to the Employee the right to participate in the Plan in the manner and subject to the terms provided in this Agreement and the Plan. 
 NOW, THEREFORE, in consideration of the benefits that the Corporation will derive in connection with the services to be rendered by the Employee, the
Corporation and the Employee hereby agree as follows: 
 1. Provisions of Plan Control. This Agreement shall be governed by the
provisions of the Plan, the terms and conditions of which are incorporated herein by reference. The Plan empowers the Committee to make interpretations, rules and regulations thereunder, and, in general, provides that determinations of
such Committee with respect to the Plan shall be binding upon the Employee. Unless otherwise provided herein, all capitalized words in this Agreement shall have the meaning ascribed to them in the Plan. A copy of the Plan will be delivered to the
Employee upon reasonable request. 
 2. Option; Number of Shares; Option Price. The Employee shall have the right and option to
purchase all or any part of an aggregate              Shares (the “Option”) at the purchase price of
$-             per Share. 
 3. Time Limitations on Exercise of Option. The Option will become exercisable as to 25% of the Shares on the first annual anniversary date hereof and an additional 25% will become exercisable on each of the three (3) subsequent
annual anniversaries of such date, provided that the Employee is still in the employ of the Corporation on each such date. To the extent that the number of Shares relating to the Option becoming exercisable on any anniversary date is a fractional
number, the cumulative number shall be rounded to the closest whole number, provided however, that to the extent necessary, the cumulative number of Shares relating to the Option becoming exercisable on the 4th annual anniversary date shall be adjusted so that the total Shares that have become exercisable on or before the 4th annual anniversary date equals the total number of Shares indicated in Paragraph 2 above. Notwithstanding any limitation established by the Committee on the exercise of the Option
or anything else to the contrary contained in this Agreement, the Option shall be immediately exercisable as to all Shares covered by the Option if it has not previously lapsed upon the death of the Employee or upon the Employee’s termination
of employment due to the Disability of the Employee. To the extent not previously exercised according to the terms hereof, the Option shall expire on the tenth anniversary of the date hereof. 

 4. Termination of Employment and/or Triggering Event. The Option shall be exercisable upon the
termination of the Employee’s employment relationship with the Corporation and its Subsidiaries only in the manner and to the extent provided in Paragraph 7 of the Plan. Notwithstanding the foregoing, the second sentence of Subsection 7(e) of
the Plan, regarding acceleration of vesting upon a Triggering Event, shall not apply to this Agreement. Instead, in connection with a Triggering Event, the Option shall be immediately exercisable as to all Shares covered by the Option it has not
previously lapsed upon any of the following: 
  

	 	(i)	If the Corporation’s shares do remain publicly traded on a national securities exchange after the Triggering Event, upon termination of Employee’s employment by the
Corporation other than for “Cause”, as defined below, during a Protected Period or within two (2) years following a Triggering Event; 

  

	 	(ii)	If the Corporation’s shares do remain publicly traded on a national securities exchange after the Triggering Event, upon the Employee’s voluntary termination of his
employment for “Good Reason” as defined below, during a Protected Period or within two (2) years following a Triggering Event; or 

  

	 	(iii)	Upon a Triggering Event where the Corporation’s shares do not remain publicly traded on a national securities exchange after the Triggering Event, unless the Options granted
hereunder are converted, on a tax-free basis, into options over shares of an acquiring corporation that is publicly traded on a national securities exchange. 

 In the event of accelerated vesting due to the termination of Employee’s employment during a Protected Period, the accelerated vesting will occur as of the date of the Triggering Event. 
 For purposes of this paragraph: 
  

	 	a.	Termination for “Cause” will mean termination of the Employee’s employment upon: 

  

	 	(i)	Employee’s repeated failure to perform his duties with the Corporation in a competent, diligent and satisfactory manner as determined by the Committee,

  

	 	(ii)	Employee’s failure or refusal to follow the reasonable instructions or direction of the Corporation’s Board of Directors, which failure or refusal remains uncured, if
subject to cure, to the reasonable satisfaction of the Board of Directors for five (5) business days after receiving notice thereof from the Board of Directors, or repeated failure or refusal to follow the reasonable instructions or directions
of the Board of Directors, 

  

	 	(iii)	any act by Employee of fraud, material dishonesty or material disloyalty involving the Corporation, 

  

	 	(iv)	any violation by Employee of a Corporation policy of material import, 

  

 2 

	 	(v)	any act by Employee of moral turpitude which is likely to result in discredit to or loss of business, reputation or goodwill of the Corporation, 

  

	 	(vi)	Employee’s chronic absence from work other than by reason of a serious health condition, 

  

	 	(vii)	Employee’s commissions of a crime the circumstances of which substantially relate to Employee’s employment duties with the Corporation, or 

  

	 	(viii)	the willful engaging by Employee in conduct which is demonstrably and materially injurious to the Corporation. For purposes of this Agreement, no act, or failure to act, on
Employee’s part will be deemed “willful” unless done, or omitted to be done, by Employee not in good faith. 

  

	 	b.	“Good Reason” will mean, without the Employee’s consent, the occurrence of any one or more of the following: 

  

	 	(i)	a material dimunition in Employee’s authority, duties or responsibilities; 

  

	 	(ii)	any material breach of any material obligation of the Corporation for the payment or provision of compensation or other benefits to Employee; 

  

	 	(iii)	a material dimunition in Employee’s base salary or a failure by the Corporation to provide an arrangement for Employee for any fiscal year of the Corporation giving Employee
the opportunity to earn an incentive bonus for such year; 

  

	 	(iv)	Employee’s being required by the Corporation to materially change the location of his principal office; provided such new location is one in excess of fifty miles from the
location of Employee’s principal office before such change; 

  

	 	(v)	a material dimunition in Employee’s annual target bonus opportunity for a given fiscal year within two years after the occurrence of a Triggering Event, as compared to the
annual target bonus opportunity for the fiscal year immediately preceding the fiscal year in which a Triggering Event occurred. 

 Notwithstanding the provisions above, Good Reason does not exist unless (i) Employee objects to any material dimunition or breach described above by written notice to the Corporation within twenty (20) business days after such
dimunition or breach occurs, (ii) the Corporation fails to cure such dimunition or breach within thirty (30) days after such notice is given and (iii) Employee’s employment with the Corporation is terminated by Employee within
ninety (90) days after such dimunition or breach occurs. 
 5. Method of Exercising Option. The Option may be exercised in whole
or in part in accordance with the manner prescribed by the Corporation in effect on the date of exercise. The Employee may contact the Plan Administrator at the Corporation by calling (414) 961-1000 to receive details regarding the manner of
exercise prescribed by the Corporation and in effect on the date of exercise. The Corporation shall have the right to delay the issue or delivery of any Shares to be delivered hereunder until (a) the completion of such registration or
qualification of such Shares under federal, state, or foreign law, ruling, 

  

 3 

 
or regulation as the Corporation shall deem to be necessary or advisable, and (b) receipt from the Employee of such documents and information as the
Committee may deem necessary or appropriate in connection with such registration or qualification or the issuance of Shares hereunder. 
 6.
Prohibition Against Transfer. Unless otherwise provided by the Committee and except as provided in Paragraph 7 of the Plan, the Option, and the rights and privileges conferred hereby, may not be transferred by the Employee, and shall be
exercisable during the lifetime of the Employee only by the Employee. 
 7. Notices. Any notice to be given to the Corporation under
the terms of this Agreement shall be given in writing either to the management of the Subsidiary employing the Employee, or to the Corporation in care of its Secretary at 5301 North Ironwood Road, Milwaukee, Wisconsin 53217. Any notice to be given
to the Employee may be addressed to him at his address as it appears on the payroll records of the Corporation or any Subsidiary thereof. Any such notice shall be deemed to have been duly given if and when actually received by the party to whom it
is addressed, as evidenced by a written receipt to that effect. 
 8. Taxes. The Corporation may require payment or reimbursement of
or may withhold any tax that it believes is required as a result of the grant or exercise of the Option, and the Corporation may defer making delivery with respect to Shares or cash payable hereunder or otherwise until arrangements satisfactory to
the Corporation have been made with respect to such withholding obligations. 
 9. Rights of Employee. The Option, and any payments or
other benefits received by the Employee under the Option, is discretionary and shall not be deemed a part of the Employee’s regular, recurring compensation for any purpose, including without limitation for purposes of termination, indemnity, or
severance pay law of any country and shall not be included in, nor have any effect on, the determination of benefits under any other employee benefit plan, contract or similar arrangement provided to the Employee unless expressly so provided by such
other plan, contract or arrangement, or unless the Committee expressly determines otherwise. 
 IN WITNESS WHEREOF, the Corporation has
caused these presents to be executed as of the date and year first above written, which is the date of the granting of the Option evidenced hereby. 
  

			
	MANPOWER INC.
		
	By:	 	  

		 	Michael J. Van Handel
		 	 Executive Vice President,
 Chief Financial Officer
& Secretary

 The undersigned Employee hereby accepts the foregoing Option and agrees to the several terms
and conditions hereof and of the Plan. 
  

	
	  

	Employee

  

 42008 Form of Performance Share Unit Agreement

 EXHIBIT 10.17(b) 
 MANPOWER INC. 
 PERFORMANCE SHARE UNIT AGREEMENT 
 This Performance Share Unit Agreement (this “Agreement”) is executed as of
                             by and between MANPOWER INC., a Wisconsin corporation (the
“Corporation”), and                              (the “Employee”). 
 W I T N E S S E T H: 
 WHEREAS the Board of
Directors of the Corporation has established the 2003 Equity Incentive Plan (the “Plan”) with the approval of the shareholders of the Corporation; and 
 WHEREAS, the Employee has been granted Performance Share Units under the Plan subject to the terms provided in this Agreement and the Plan. 
 NOW, THEREFORE, the Corporation and the Employee hereby agree as follows: 
 1. Provisions of Plan Control. This Agreement shall be governed by the provisions of the Plan, the terms and conditions of which are incorporated herein by reference. The Plan empowers
the Administrator to make interpretations, rules and regulations thereunder, and, in general, provides that determinations of the Administrator with respect to the Plan shall be binding upon the Employee. Unless otherwise provided herein, all
capitalized terms in this Agreement shall have the meanings ascribed to them in the Plan. A copy of the Plan will be delivered to the Employee upon reasonable request. 
 2. Terms of Award and Performance Goal. The Employee has been granted a Target Grant of              Performance Share Units under the Plan.
The actual number of Performance Share Units earned by Employee will be determined as described below, based upon the actual achievement of the Performance Goal during the Performance Period. The Performance Goal shall be based upon [insert
Performance Goal as defined in Section 2(u) of the Plan]. Threshold [Performance Goal] is the minimum [Performance Goal] for the Performance Period that must be achieved by the Corporation in order for the Employee to qualify
for any Award, Target [Performance Goal] is the expected achievement of [Performance Goal] for the Performance Period, and Maximum [Performance Goal] is the maximum [Performance Goal] for the Performance Period that could
be achieved that would result in an increase in the number of Performance Share Units earned under this Award. 
  
  

			
	 Average [Performance Goal] During the Performance Period
	  	 Resulting Performance Share Units Earned

	 Threshold [Performance Goal]         
	  	    % of Target Grant
	 Target [Performance Goal]         
	  	    % of Target Grant
	 Maximum [Performance Goal]         
	  	    % of Target Grant

 Actual [Performance Goal] for the Performance Period between Threshold [Performance
Goal] and Target [Performance Goal], or between Target [Performance Goal] and Maximum [Performance Goal], shall result in an Award of Performance Share Units determined on a linear basis. In the event that the actual
[Performance Goal] is less than Threshold [Performance Goal] for the Performance Period, no Performance Share Units shall be earned under this Award. In the event that the Corporation’s actual [Performance Goal] exceeds the
Maximum [Performance Goal] for the Performance Period, Performance Share Units in the amount of     % of the Target Grant shall be earned. Notwithstanding the foregoing, the Committee retains the discretion to
decrease the number of Performance Share Units earned under this Award. 
 3. Award Payment. The number of Performance Share Units
earned shall be paid in Shares after the Performance Period as soon as administratively practicable after the Committee has approved and certified the number of Performance Share Units that have been earned hereunder. Notwithstanding the foregoing,
Awards of Performance Share Units that become earned and vested upon the Employee’s death, Disability or a Triggering Event as provided 

 
in Sections 4 or 5 below shall be paid in Shares as soon as administratively practicable after such death, Disability or Triggering Event. Further, to the
extent that Performance Share Units granted hereunder are earned and vested upon the Employee’s Retirement and are nonqualified deferred compensation subject to Section 409A of the Code, such Award shall be paid to the Employee in Shares
on the date that is the later of (i) six (6) months after the date of the Employee’s “separation of service” as such term is defined under Section 409A of the Code, or (ii) as soon as administratively practicable
after the date the Committee has certified and approved the number of Performance Share Units that have been earned hereunder. 
 4.
Termination of Employment. Except as otherwise provided in the Plan and except as otherwise provided in this Agreement, Employee must be an employee of the Corporation or its direct and indirect subsidiaries (collectively, the “Manpower
Group”) continuously from the date of this Award until the last day of the Performance Period in order for Employee to receive any Shares with respect to any Performance Share Units he or she may earn hereunder. Notwithstanding the foregoing,
Section 10(d)(2) of the Plan, regarding the earning and accelerated vesting of Awards upon a death, Disability or Retirement, shall not apply to this Agreement. Instead, if the Performance Share Units have not previously been earned or
forfeited, the Employee shall immediately earn and become vested in a prorated number of Performance Share Units upon the Employee’s death or Disability or Retirement. The number of Performance Share Units earned upon a death or Disability
shall be the number of Performance Share Units determined by multiplying the Target Grant by the quotient of: (x) the number of days between and including the date of this Agreement and the date of the Employee’s death or Disability
divided by (y) the number of days in the Performance Period. The number of Performance Share Units earned in connection with a Retirement shall be number of Performance Share Units determined by multiplying the number of Performance Share Units
that would have been earned at the end of the Performance Period, determined in accordance with the actual [Performance Goal] achieved at the end of the Performance Period, by the quotient of (x) the number of days between and including
the date of this Agreement and the date of the Employee’s Retirement divided by (y) the number of days in the Performance Period. 
 5. Triggering Event. Section 10(e) of the Plan, regarding the earning and accelerated vesting of Awards after a Triggering Event or during a Protected Period, shall not apply to this Agreement. Instead, upon a Triggering Event
while the Employee is employed by the Corporation, the Employee shall earn and become vested in a prorated number of Performance Share Units. The number of Performance Share Units earned upon such Triggering Event shall be the number of Performance
Share Units determined by multiplying (i) the resulting number of Performance Share Units that would have been earned at the end of the Performance Period, determined by adjusting the [Performance Goal] targets on a pro rata basis for
less than the entire Performance Period and then applying the actual [Performance Goal] achieved as of the date immediately prior to the date of the Triggering Event, by (ii) the quotient of: (x) the number of days between and
including the date of this Agreement and the date of the Employee’s Triggering Event divided by (y) the number of days in the Performance Period. 
 6. Dividends and Voting Rights. The Employee shall not be entitled to receive any dividends for his or her Performance Share Units and shall not be entitled to voting rights with respect to such Performance
Share Units. 
 7. Taxes. The Corporation may require payment or reimbursement of or may withhold any tax that it believes is required
as a result of the grant or vesting of such Performance Share Units or payments of Shares in connection with the Performance Share Units, and the Corporation may defer making delivery of any Shares in respect of Performance Share Units until
arrangements satisfactory to the Corporation have been made with regard to any such payment, reimbursement, or withholding obligation. 
 8.
Definitions. 
  

	 	a.	“[Performance Goal]” means [insert definition]. 

  

	 	b.	“Performance Period” means the     -month period beginning on
                     and ending on
                    . 

  

 2 

	 	c.	“Service” means the period beginning on the date the Employee’s employment with the Manpower Group commences and ending on the date the Employee’s employment
with the Manpower Group terminates. 

  

	 	d.	“Retirement” will mean termination of the Employee’s employment on or after the Employee has attained age 55 and has completed 10 years of Service.

 9. Multiple Executed Copies. This Agreement may be executed in multiple copies, each of which will constitute an
original, and which together will constitute one and the same agreement providing for a single grant of Performance Share Units. 
 IN
WITNESS WHEREOF, the Corporation has caused this Agreement to be executed as of the date and year first above written. 
  

			
	MANPOWER INC.
		
	By:	 	  

 The undersigned Employee hereby accepts the foregoing grant of Performance Share Units and
agrees to the several terms and conditions hereof and of the Plan. 
  

	
	  

	Employee

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]