Document:

Exhibit 10(a)

THE TORO COMPANY

2000 STOCK OPTION PLAN

1.      Purpose. The purpose of The Toro Company 2000 Stock Option
Plan (the “Plan”) is to enhance stockholder value of The Toro Company (the “Company”)
by providing an incentive to key employees and other key individuals who
perform services for the Company to contribute significantly to the long-term
performance and growth of the Company; to link a significant portion of a
participant’s compensation to the value of the Company’s Common Stock, par
value $1.00 per share, and related Preferred Share Purchase Rights (“Common
Stock”); and to attract and retain experienced and knowledgeable employees on a
competitive basis. These purposes are expected to be achieved by granting
options to acquire the Common Stock (“options”).

2.      Eligibility. Any employee of the Company who is regularly
employed in an executive, managerial, professional or technical position and
any other individual who performs services for the Company and who contributes
significantly to the strategic and long-term performance objectives of the
Company is eligible to participate in the Plan. Options may be granted to
directors of the Company who are also employees of the Company. More than one
option may be granted to the same individual.

a.      Limitations. No option may be granted to an individual who
owns, directly or indirectly, Common Stock or other capital stock of the
Company possessing more than 5% of the total combined voting power or value of
any class of capital stock of the Company or a subsidiary immediately after
such option is granted, and the maximum number of shares that may be covered by
options granted to any individual during any calendar year shall be 100,000
shares. Except for the foregoing limitations, there is no minimum or maximum
number of shares of Common Stock with respect to which options may be granted
to any individual under the Plan. Individuals to whom options are granted are
referred to as “option holders”.

3.      Stock Options.

a.      ISOs and Nonqualified Options. Options granted under the Plan
may be either nonqualified stock options (“nonqualified options”) or incentive
stock options (“Incentive Stock Options”) as defined in Section 422 of the
Internal Revenue Code of 1986, as amended (the “Code”).

i. Incentive Stock Options. Incentive Stock Options shall
meet the applicable requirements of, and contain or be deemed to contain all
provisions required by, the Code or corresponding provisions of subsequent
revenue laws and regulations in effect at the time such options are granted.
Any ambiguities in construction shall be interpreted in order to effectuate
such intent. To the extent that the aggregate fair market value of Common Stock
(determined at the time of grant of the Incentive Stock Option) with respect to
which Incentive Stock Options are exercisable for the first time by an option
holder during any calendar year (under all such plans of the Company and its
parent and subsidiary corporations) exceeds $100,000 or such other limit as may
be imposed by the Code, such options to the extent they exceed such limit shall
be treated as options which are not Incentive Stock Options. In applying the
foregoing limitation, options shall be taken into account in the order in which
they were granted.

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b.      Agreements. Options shall be evidenced by stock option
agreements in such form and not inconsistent with the Plan as the Compensation
and Human Resources Committee (the “Committee”) of the Board of Directors shall
approve from time to time.

c.      Number of Shares, Date of Grant and Term. An option agreement
shall specify the number of shares of Common Stock to which it pertains; the
date of grant, which shall be the date on which the Committee grants an option
or any later date which the Committee specifically designates, and the term of
the option, which shall not exceed ten years.

d.      Exercise Price. The exercise price of an option shall be not
less than 100% of fair market value of the Common Stock on the date of grant.
Fair market value is the 4 p.m. Eastern Time closing price for the Common
Stock as reported by the New York Stock Exchange. After an option is granted,
the exercise price shall not be reduced.

e.      Vesting, Transferability and Exercisability.

(i) Vesting. An option granted to an officer or
general manager of the Company shall vest and become exercisable in three
approximately equal installments on each of the first, second and third
anniversaries after the date of grant. An option granted to an employee or
other service provider who is not an officer or general manager of the Company
shall vest and become exercisable in full on the second anniversary after the
date of grant. Notwithstanding the foregoing, the Committee shall have the
authority to provide in any option agreement for any one or more of the
following:  (a) longer periods after the date of grant during which
an option or any portion thereof may not yet be exercisable, (b) acceleration
of vesting in the event of an option holder’s disability or death and (c) continued
vesting after an option holder’s retirement, subject to Section 3.e(iii)(c).

(ii) No Transfer.
Options shall not be transferable by the option holder except by
will or applicable laws of descent and distribution.

(iii) Exercise. During the lifetime of an option
holder, an option may be exercised only by the option holder and only while an
employee of the Company or a parent or subsidiary of the Company or otherwise
performing services for the Company or a parent or subsidiary and only if the
option holder has been continuously so employed or engaged since the date such
options were granted, except as the Committee may otherwise determine and
provide for in an option agreement at the time of grant or, if the Committee
does not so provide, as follows:

(a) Disability. In the event of disability of
an option holder, options may be exercised by such individual or his or her
guardian or legal representative, not later than the earlier of the date the
option expires or one year after the date employment or performance of services
ceases by reason of such disability, but only with respect to an option
exercisable at the time employment or performance of services ceases.

(b) Death. An option may be exercised after
the death of an option holder only by such individual’s legal representatives,
heirs or legatees, not later than the earlier of the date the option expires or
one year after the date of death of such individual, and only with respect to
an option exercisable at the time of death.

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(c) Retirement. An option may be exercised by
an option holder after such individual ceases to be an employee by reason of
retirement for up to four years after the date of retirement but not later than
the date the option expires, provided that the option holder has remained an
employee of the Company through the last day of the fiscal year in which the
option is granted. “Retirement” shall have the meaning established by the
Committee from time to time or, if no such meaning is established, shall mean
termination of employment with the Company at or after age 55 and with a number
of years of service that, when added together with the option holder’s age,
equals at least 65.

(d) Other Termination of Employment. An option
may be exercised by an option holder after such individual ceases to be an
employee (for reasons other than disability, death or retirement) for up to
three months after the date of termination of employment but not later than the
date the option expires.

(iv) Non-compete. Notwithstanding any other
provision of paragraph 3.e., if within one year after the termination of employment
with or performance of services for the Company, an option holder is (a) employed
or retained by or renders service to any organization that, directly or
indirectly, competes with or becomes competitive with the Company, or if the
rendering of such services is prejudicial or in conflict with the interests of
the Company, or (b) violates any confidentiality agreement or agreement
governing the ownership or assignment of intellectual property rights with the
Company, or (c) engages in any other conduct or act determined to be
injurious, detrimental or prejudicial to any interest of the Company, the
Company may cancel or rescind or restrict all options held by such individual
and shall have the right to the return of the economic value of any option which
was realized or obtained (measured at the date of exercise) by such individual
at any time during the period beginning on the date that is twelve months prior
to the date of termination to the date of the last exercise, provided however,
that this provision shall not be applicable in the event of a Change of
Control.

(v) Interruption in Service. Absence on leave
from the Company, or other interruption in the performance of services, by an
option holder shall, if approved by the Committee, not be deemed a cessation or
interruption of employment or services for the purposes of the Plan.

f.      Methods of Exercise and Payment of Exercise Price. Subject to
the terms and conditions of the Plan and the terms and conditions of the option
agreement, an option may be exercised in whole at any time or in part from time
to time, by delivery to the Company at its principal office of a written notice
of exercise specifying the number of shares with respect to which the option is
being exercised, accompanied by payment in full of the exercise price for
shares to be purchased at that time. Payment may be made (i) in cash, (ii) by
tendering (either actually or by attestation) shares of Common Stock already
owned for at least six months (or other period necessary to avoid a charge to
the Company’s earnings for financial statement purposes) valued at the fair
market value of the Common Stock on the date of exercise or (iii) in a
combination of cash and Common Stock; or the Committee may also, in its sole
discretion exercised either at the time the option is granted or at any time
before an option is exercised, (iv) permit option holders to

 3
 

 

             deliver a notice of
exercise of options, together with irrevocable instructions, approved in
advance by proper officers of the Company, (A) to a brokerage firm
designated by the Company, to deliver promptly to the Company the aggregate
amount of sale or loan proceeds to pay the exercise price and any related tax
withholding obligations and (B) to the Company, to deliver certificates
for such purchased shares directly to such brokerage firm, all in accordance
with regulations of the Federal Reserve Board; or (v) authorize such other
methods as it deems appropriate and as comply with requirements of the Code,
the Securities Exchange Act of 1934 (the “Exchange Act”) and other applicable
laws and regulations. No shares of Common Stock shall be issued until full
payment has been made.

g.   Rights as a Stockholder. An option holder shall have no rights
as a stockholder with respect to any Common Stock covered by an option until
the option is exercised and shares of Common Stock are issued. Except as
otherwise expressly provided in the Plan, no adjustments shall be made for
dividends or other rights for which the record date is prior to issuance of the
Common Stock.

4.      Common Stock Subject to the Plan. Subject to adjustment to
reflect corporate transactions provided for in paragraph 4.a. and subject to
increase by amendment of the Plan, the total number of shares of Common Stock
that is reserved and available for issuance pursuant to options granted under
the Plan shall be 6,400,000. Any shares issued by the Company in connection
with the assumption or substitution of outstanding grants from any acquired
corporation shall not reduce the shares available for option grants under the
Plan. Shares of Common Stock that may be issued under the Plan may be
authorized but unissued shares, reacquired or treasury shares, or outstanding
shares acquired in the market or from private sources, or a combination
thereof.

a.    Adjustments for Corporate Transactions. In the event of a
corporate transaction involving the Company (including, without limitation, any
merger, consolidation, recapitalization, reorganization, split off, spin off,
reclassification, combination, stock dividend, stock split, reverse stock
split, repurchase, exchange, extraordinary cash dividend, issuance of warrants
or other rights to purchase Common Stock or other securities of the Company, or
other similar corporate transaction or change in the corporate structure of the
Company affecting the Common Stock, or a sale by the Company of all or part of
its assets or any distribution to stockholders other than a normal cash
dividend), the Committee shall make such proportional adjustments as are
necessary to preserve the benefits or potential benefits of the options. Action
by the Committee may include appropriate adjustments in all or any of (i) the
number of shares of the Common Stock or other new or different securities that
may be available for option grants under the Plan; (ii) the number of
shares of Common Stock or other new or different securities subject to
outstanding options; (iii) the option price per share of outstanding
options and, if deemed appropriate, cash payments; (iv) the maximum number
and kind of securities that may be made subject to options for any individual
as set forth in paragraph 2.a.; or (v) any other adjustment the Committee
determines to be equitable. The Committee may also, in its sole discretion,
make provisions in any option agreement for the protection of outstanding
options in the event of such a corporate transaction.

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5.      Administration of the Plan. The Plan shall be administered by
the Committee, provided that members of the Committee shall be “non-employee
directors” as contemplated by Rule 16b-3 under the Exchange Act or
any successor rule and shall qualify to administer the Plan as “outside
directors” as contemplated by Section 162(m) of the Internal Revenue
Code and the regulations thereunder (“Section 162(m)”). The Committee may
delegate administrative duties and all decisions not required to be exercised
by it under Section 162(m), Section 16 of the Exchange Act or the rules of
the New York Stock Exchange to an officer of the Company. The decision of the
Committee on any matter affecting the Plan and obligations arising under the
Plan or any option granted thereunder shall be deemed final and binding upon
all persons, including the Company, its stockholders and option holders. No
member of the Board or of the Committee shall be liable for any action taken or
determination made in good faith with respect to the Plan or any option granted
under the Plan.

Subject to the express provisions of the Plan, the
Committee shall have authority, in its discretion, to grant options; to
interpret the Plan; to prescribe, amend and rescind rules and regulations
relating to the Plan; to determine the exercise price of each option to
purchase Common Stock, the individuals to whom and the time or times at which
options shall be granted, the number of shares to be subject to each option,
when an option may be exercisable and the other terms and provisions (and
amendments thereto) of the respective option agreements (which need not be
identical); to determine whether a particular option is to be an Incentive
Stock Option; and to make all other determinations deemed necessary or
advisable for the administration of the Plan.

6.      Foreign Nationals and Residents of California.

a. Foreign Nationals.
Without amending the Plan, options may be granted to individuals who are
foreign nationals or are employed or otherwise performing services for the
Company or any subsidiary outside the United States or both, on such terms and
conditions different from those specified in the Plan as may, in the judgment of
the Committee, be necessary or desirable to further the purposes of the Plan.

b. California
Residents. Without amending the Plan, and notwithstanding any
provision of the Plan to the contrary, options granted to individuals who are
residents of the State of California may contain such terms and conditions as
may be required by applicable California statutes governing stock options.

7.      Change of Control. In the event of a Change of Control of the
Company as hereinafter defined, whether or not approved by the Board, all
options shall fully vest, unless otherwise limited by the Committee at the time
of the option grant, and be exercisable in their entirety immediately, and
notwithstanding any other provisions of the Plan, shall continue to be
exercisable for three years following the Change of Control, but not later than
ten years after the date of grant.

a. Definition.
For the purpose of this paragraph 7, a “Change of Control” shall mean:

(i) The acquisition by any individual, entity or
group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3
under the Exchange Act) of 15% or more of either (A) the then-outstanding
shares of Common Stock of the Company (the “Outstanding Company Common Stock”)
or (B) the combined voting power of the then-outstanding

 5
 

 

voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that for purposes of this subsection (i),
the following acquisitions shall not constitute a Change of Control: (A) any
acquisition directly from the Company, (B) any acquisition by the Company,
(C) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the
Company, or (D) any acquisition by any corporation pursuant to a
transaction that complies with clauses (A), (B) and (C) of
subsection (iii) of this paragraph 7; or

(ii) Individuals who, as of the date hereof,
constitute the Board of Directors of the Company (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the date hereof
whose election, or nomination for election by the Company’s stockholders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of
the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; or

(iii) Consummation of a reorganization, merger or
consolidation of the Company or sale or other disposition of all or
substantially all of the assets of the Company or the acquisition by the Company
of assets or stock of another entity (a “Business Combination”), in each case,
unless, following such Business Combination, (A) all or substantially all
of the individuals and entities who were the beneficial owners, respectively,
of the Outstanding Company Common Stock and Outstanding Company Voting
Securities immediately prior to such Business Combination beneficially own,
directly or indirectly, more than 50% of, respectively, the then-outstanding
shares of common stock and the combined voting power of the then-outstanding
voting securities entitled to vote generally in the election of directors, as
the case may be, of the corporation resulting from such Business Combination
(including, without limitation, a corporation which as a result of such transaction
owns the Company or all or substantially all of the Company’s assets either
directly or through one or more subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Business Combination
of the Outstanding Company Common Stock and

Outstanding Company Voting Securities, as the case may
be, (B) no Person (excluding any corporation resulting from such Business
Combination or any employee benefit plan (or related trust) of the Company or
such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 15% or more of, respectively, the then-outstanding
shares of common stock of the corporation resulting from such Business
Combination, or the combined voting power of the then-outstanding voting
securities of such corporation except to the extent that such ownership existed
prior to the Business Combination and (C) at least a majority of the
members of the board of directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board, providing
for such Business Combination; or

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(iv) Approval by the stockholders of the Company
of a complete liquidation or dissolution of the Company.

8.             Tax Withholding. The Company shall have the
right to deduct from any settlement made under the Plan, including the exercise
of an option or the sale of shares of Common Stock, any federal, state or local
taxes of any kind required by law to be withheld with respect to such payments
or to require the option holder to pay the amount of any such taxes or to take
such other action as may be necessary in the opinion of the Company to satisfy
all obligations for the payment of such taxes. If Common Stock is withheld or
surrendered to satisfy tax withholding, such stock shall be valued at its fair
market value as of the date such Common Stock is withheld or surrendered. The
Company may also deduct from any such settlement any other amounts due the
Company by the option holder.

9.             Governing Law. The Plan, options granted
under the Plan and agreements entered into under the Plan shall be construed,
administered and governed in all respects under and by the applicable laws of
the State of Delaware, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of the Plan
or an agreement to the substantive law of another jurisdiction.

10.       Plan Amendment and Termination. The Board may amend, suspend
or terminate the Plan at any time, with or without advance notice to option
holders, including an amendment to increase in an immaterial amount the number
of shares of Common Stock with respect to which options may be granted;
provided however that no amendment that would (a) increase the maximum
number of shares that may be subjected to options or (b) increase the
number of shares that may be covered by an option grant to any person referred
to in Section 162(m) or (c) modify requirements as to eligibility
for participation in the Plan or (d) constitute a material revision to the
terms of the Plan within the meaning of the rules and regulations of the
New York Stock Exchange or the Securities and Exchange Commission or (e) than
is required by any applicable law, rule or regulation to be approved by
the stockholders of the Company shall be effective unless the stockholders of
the Company shall have approved such amendment in accordance with applicable
provisions of the Code, other law, rule or regulation. No amendment,
modification or termination of the Plan may adversely affect in a material
manner any right of any option holder with respect to any option theretofore
granted without such option holder’s written consent.

11.       Effective Date and Duration of the Plan. The Plan first became
effective on March 29, 2000. Any amendment to the Plan shall be effective
on the date established by the Committee, subject to stockholder approval, if
required. The Plan shall remain in effect until all shares reserved for issuance
pursuant to the Plan have been purchased pursuant to options granted under the
Plan, provided that options under the Plan must be granted not later than ten
years after the effective date of the Plan or any future amendment approved by
stockholders.

 7Exhibit 10.1

AGREEMENT

THIS AGREEMENT,
made and entered into this 11th day of April, 2006, by and between RENEWABLE
PRODUCTS MARKETING GROUP, LLC, hereinafter referred to as “RPMG”; and Golden
Grain Energy, LLC, hereinafter referred to as “Golden Grain”.

WITNESSETH:

WHEREAS,
RPMG is a limited liability company formed for the purpose of marketing ethanol
for its members and others, and,

WHEREAS,
Golden Grain produces ethanol products and is desirous of becoming a member of
RPMG and RPMG is desirous having Golden Grain becoming one of its members.

NOW,
THEREFORE, In consideration of the mutual covenants and
promises herein contained, the parties agree that as of December 1, 2005,
Golden Grain has become a member of RPMG as follows:

1.             Governor.
The General Manager of Golden Grain, namely Walter Wendland, is a Governor
of RPMG.

2.             Consideration.
The following consideration has been or will be paid by Golden Grain for a
membership in RPMG.

a.               An equity
contribution payment of $105,000.00, which payment has been received by RPMG.

b.               A franchise fee
in the amount of $500,000.00 to be paid as follows:

i.                                         As
a monthly offset against the aggregate pooling fee expenses payable by Golden
Grain to RPMG under this agreement.

c.               Golden Grain
elects to contribute the $500,000.00 as a monthly offset. The monthly offset
shall be calculated as follows:

i.                                         The
parties shall determine the total gallons of ethanol produced by Golden Grain
for the current month within ten (10) business days of the close of such
month.

ii.                                     The
parties shall then determine the difference between:

 

(a)                                  The
per gallon pooling fee payable they currently paid under the marketing
agreement.

(b)                                 The
per gallon operating expenses of RPMG measured by the expenses incurred for the
month in which production is being measured, which shall be determined within
ten (10) business days of the close of such month.

iii.                                 The
parties shall multiply the total monthly production of Golden Grain times the
amount determined in subparagraph 2c(ii) above.

iv.                                    The
calculation set forth in this subparagraph 2 can be illustrated by the
following example:

	
  Total monthly ethanol
  production

  	
   

  	
  4,000,000 gallons

  
	
   

  	
   

  	
   

  
	
  Marketing fee

  	
   

  	
  $.01 per gallon

  
	
   

  	
   

  	
   

  
	
  Operating
  expenses

  	
   

  	
  $.0030 per gallon

  
	
   

  	
   

  	
   

  
	
  Difference to be
  multiplied times monthly production amount

  	
   

  	
  $.0070 per gallon

  
	
   

  	
   

  	
   

  
	
  Offset amount
  (4,000,000 x $.0070)

  	
   

  	
  $28,000

  

 

d.               The monthly
offset shall be applied toward the $500,000.00 capital contribution (franchise
fee) amount and shall reduce the outstanding balance of same.

e.               Golden Grain
shall be eligible, at any time, to make lump sum payments of any amount to
reduce the outstanding balance of its capital contribution.

3.             Percentage and
Voting Interests. Golden Grain will have a one-ninth (1/9th) interest and a one-ninth (1/9th) voting interest.

4.             Payment of
Franchise Fee. The franchise fee in the sum of $500,000.00 is due and
payable to RPMG irrespective of Golden Grain’s Continuation as a member of or
using the marketing services of RPMG.

 

5.             Member Control
Agreement and By-laws. Golden Grain acknowledges receipt of and agrees
to be bound by the following:

a.               Member Control
Agreement; and

b.               By-Laws and
Operating Agreement.

IN
WITNESS WHEREOF, the parties hereto have hereunto set their
hands the day and year first written above.

	
   

  	
  RENEWABLE PROCUCTS

  	
   

  	
   

  	
  GOLDEN GRAIN ENERGY, LLC

  	
   

  
	
   

  	
  MARKETING
  GROUP, LLC

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ C. Stephen
  Bleyl

  	
   

  	
  By

  	
  /s/ Walter Wendland

  	
   

  
	
   

  	
  Its CEO

  	
   

  	
   

  	
  Its President/CEO

  	
   

  

 

SCHEDULE “A”

	
  Name of Member

  	
   

  	
   

  	
   

  	
  Contribution

  	
   

  	
  Ownership Interest

  	
   

  	
  Voting Interest

  	
   

  
	
  1. Heartland
  Corn Products

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  2. Al-Corn
  Clean Fuel

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  3. Chippewa
  Valley Ethanol Co., LLLP

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  4. Diversified
  Energy Co., LLC

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  5. Corn
  Plus

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  6. Central
  Minnesota Co-Op

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  7. Minnesota
  Energy

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  8. KAAPA
  Ethanol

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

  	
   

  
	
  9. Golden
  Grain Energy, LLC

  	
   

  	
  $

  	
  105,000

  	
   

  	
  1/9th

  	
   

  	
  1/9th

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