Document:

ex10_2.htm

    
      

    

    
      TRIMBLE
        NAVIGATION

       

      1988
        EMPLOYEE STOCK PURCHASE PLAN

      (as
        amended January 17, 2007)

       

      The
        following constitute the provisions of the Employee Stock Purchase Plan of
        Trimble Navigation.

       

      1.           Purpose.  The
        purpose of the Plan is to provide employees of the Company and its Designated
        Subsidiaries with an opportunity to purchase Common Stock of the Company
        through
        accumulated payroll deductions.  It is the intention of the Company to
        have the Plan qualify as an “Employee Stock Purchase Plan” under
        Section 423 of the Internal Revenue Code of 1986, as amended, although the
        Company makes no undertaking nor representation to maintain such
        qualification.  In addition, this Plan document authorizes the grant
        of options under a Non-423(b) Plan which do not qualify under Section 423(b)
        of
        the Code pursuant to rules, procedures or sub-plans adopted by the Board
        (or a
        committee authorized by the Board) designed to achieve tax, securities law
        compliance or other Company objectives.

       

      2.           Definitions.

       

      (a)           "Board"
        shall mean the Board of Directors of the Company.

       

      (b)           "Code"
        shall mean the Internal Revenue Code of 1986, as amended.

       

      (c)           "Common
        Stock" shall mean the Common Stock of the Company.

       

      (d)           “Code
        Section 423(b) Plan” means an employee stock purchase plan which is designed to
        meet the requirements set forth in Section 423(b) of the Code, as
        amended.  The provisions of the Code Section 423(b) Plan shall be
        construed, administered and enforced in accordance with Section
        423(b).

       

      (e)           "Company"
        shall mean Trimble Navigation.

       

      (f)           "Compensation"
        shall mean all regular straight time gross earnings,  commissions,
        incentive bonuses, overtime, shift premium, lead pay and other similar
        compensation, but excluding automobile allowances, relocation and other non-cash
        compensation.  Notwithstanding the foregoing, the Employee may elect
        to exclude bonuses from the calculation of compensation.

       

      (g)           "Continuous
        Status as an Employee" shall mean the absence of any interruption or
        termination of service as an Employee.  Continuous Status as an
        Employee shall not be considered interrupted in the case of a leave of absence
        agreed to in writing by the Company, provided that such leave is for a period
        of
        not more than 90 days or reemployment upon the expiration of such leave is
        guaranteed by contract or statute.

       

      (h)           "Designated
        Subsidiaries" shall mean the Subsidi­aries which have been designated by
        the Board from time to time in its sole discretion as eligible to participate
        in
        the Plan.  The Board (or a committee authorized by the Board) may
        determine that employees of any Designated Subsidiary shall participate in
        the
        Non-Section 423(b) Plan.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      (i)           "Employee"
        shall mean any person, including an officer, whose customary employment with
        the
        Company is at least twenty (20) hours per week by the Company or one of its
        Designated Subsidiaries and more than five (5) months in any calendar
        year.

       

      (j)           "Enrollment
        Date" shall mean the first day of each Offering Period.

       

      (k)           "Exercise
        Date" shall mean the last day of each Offering Period.

       

      “(l)           “Maximum
        Offering” shall mean, with respect to some or all participants in the Non-423(b)
        Plan, a maximum number or value of shares of the Company stock made available
        for purchase in a specified period (e.g., a 12-month period) in specified
        countries, locations or to employees of specified Designated Subsidiaries.
        Such
        maximum shall be determined by the Board (or a committee authorized by the
        Board) to avoid securities filings, to achieve certain tax results or to
        meet
        other Company objectives.

       

      (m)           “Non-423(b)
        Plan” means an employee stock purchase plan which does not meet the requirements
        set forth in Section 423(b) of the Code, as amended.

       

      (n)           "Offering
        Period" shall mean a period of six (6) months during which an option granted
        pursuant to the Plan may be exercised.  Notwithstanding the foregoing,
        the first Offering Period shall commence August 15, 1988 and end December
        31,
        1988 and the Offering Period commencing July 1, 2006 shall end February 28,
        2007.

       

      (o)           "Plan"
        shall mean this Employee Stock Purchase Plan, as set forth in this document
        and
        as hereafter amended from time to time, which includes a Code Section 423(b)
        Plan and a Non-Code Section 423(b) Plan component.

       

      (p)           "Subsidiary"
        shall mean a corporation, domestic or foreign, of which not less than 50%
        of the
        voting shares are held by the Company or a Subsidiary, whether or not such
        corporation now exists or is hereafter organized or acquired by the Company
        or a
        Subsidiary.

       

      3.           Eligibility.

       

      (a)           Any
        Employee as defined in paragraph 2 who has been continuously employed by
        the
        Company or a Designated Subsidiary for at least one (1) month and who shall
        be
        employed by the Company on a given Enrollment Date shall be eligible to
        participate in the Plan.  However, notwithstanding the foregoing, for
        purposes of the first Offering Period only, any Employee defined in
        paragraph 2 who was employed by the Company as of August 9, 1988 shall be
        eligible to participate in the Plan.

       

      (b)           Any
        provisions of the Plan to the contrary notwith­standing, no Employee shall
        be granted an option under the Plan (i) if, immediately after the grant,
        such Employee (or any other person whose stock would be attributed to such
        Employee pursuant to Section 425(d) of the Code) would own stock and/or hold
        outstanding options to purchase stock possessing five percent (5%) or more
        of
        the total combined voting power or value of all classes of stock of the Company
        or of any subsidiary of the Company, or (ii) which permits his or her rights
        to
        purchase stock under all employee stock purchase plans of the Company and
        its
        subsidiaries to accrue at a rate which exceeds Twenty-Five Thousand Dollars
        ($25,000) worth of stock (determined at the fair market value of the shares
        at
        the time such option is granted) for each calendar year in which such option
        is
        outstanding at any time.

      
        
              

           

        

        
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      4.           Offering
        Periods.  The Plan shall be implemented by consecutive Offering
        Periods with a new Offering Period commencing on or about January 1 and July
        1
        of each year; provided, however, that the first Offering Period shall commence
        on or about August 15, 1988.  Effective in 2007 and thereafter
        new Offering Periods shall commence on or about March 1 and September 1 of
        each
        year. The Plan shall continue thereafter until termi­nated in accordance
        with paragraph 19 hereof.  Subject to the shareholder approval
        requirements of paragraph 19, the Board of Directors of the Company shall
        have the power to change the dura­tion of Offering Periods with respect to
        future offerings without shareholder approval if such change is announced
        at
        least fifteen (15) days prior to the scheduled beginning of the first Offering
        Period to be affected.

       

      5.           Participation.

       

      (a)           An
        eligible Employee may become a participant in the Plan by completing a
        subscription agreement authorizing payroll deductions in the form of
        Exhibit A to this Plan and filing it with the Company's payroll office at
        least five (5) business days prior to the applicable Enrollment Date,
        unless a later time for filing the subscription agreement is set by the Board
        for all eligible Employees with respect to a given Offering Period.

       

      (b)           Payroll
        deductions for a participant shall commence on the first payroll following
        the
        Enrollment Date and shall end on the last payroll in the Offering Period
        to
        which such authorization is applicable, unless sooner terminated by the
        participant as provided in paragraph 10.

       

      6.           Payroll
        Deductions.

       

      (a)           At
        the time a participant files his or her subscrip­tion agreement, he or she
        shall elect to have payroll deductions made on each payday during the Offering
        Period in an amount not exceeding ten percent (10%) of the Compensation which
        he
        receives on each payday during the Offering Period, and the aggregate of
        such
        payroll deductions during the Offering Period shall not exceed ten percent
        (10%)
        of the participant's aggregate Compensation during said Offering
        Period.

       

      (b)           All
        payroll deductions made for a participant shall be credited to his or her
        account under the Plan.  A participant may not make any additional
        payments into such account.

       

      (c)           A
        participant may discontinue his or her participa­tion in the Plan as
        provided in paragraph 10, or may decrease, but not increase, the rate of
        his or
        her payroll deductions during the Offering Period (within the limitations
        of
        Section 6(a)) by com­pleting or filing with the Company a new
        subscription agreement authorizing a change in payroll deduction
        rate.  The change in rate shall be effective with the first full
        payroll period following five (5) business days after the Company's receipt
        of the new subscription agreement.  A participant's subscription
        agreement shall remain in effect for successive Offering Periods unless revised
        as provided herein or terminated as provided in
        paragraph 10.

      
        
                

           

        

        
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      (d)           Notwithstanding
        the foregoing, to the extent neces­sary to comply with Section 423(b)(8) of
        the Code and para­graph 3(b) herein, a participant's payroll deductions
        may be decreased to 0% at such time during any Offering Period which is
        scheduled to end during the current calendar year (the "Current Offering
        Period") that the aggregate of all payroll deductions which were previously
        used
        to purchase stock under the Plan in a prior Offering Period which ended during
        that calendar year plus all payroll deductions accumulated with respect to
        the
        Current Offering Period equal $21,250.  Payroll deductions shall
        recommence at the rate provided in such participant's subscription agreement
        at
        the beginning of the first Offering Period which is scheduled to end in the
        following calendar year, unless terminated by the participant as provided
        in
        paragraph 10.

       

      7.           Grant
        of Option.

       

      (a)           On
        the Enrollment Date of each Offering Period, each eligible Employee
        participating in such Offering Period shall be granted an option to purchase
        on
        each Exercise Date during such Offering Period up to a number of shares of
        the
        Company's Common Stock determined by dividing such Employee's payroll deductions
        accumulated prior to such Exercise Date and retained in the Partic­ipant's
        account as of the Exercise Date by the lower of (i) eighty-five percent
        (85%) of the fair market value of a share of the Company's Common Stock on
        the
        Enrollment Date or (ii) eighty-five percent (85%) of the fair market value
        of a share of the Company's Common Stock on the Exercise Date; provided that
        in
        no event shall an Employee be permitted to purchase during each Offering
        Period
        more than a number of shares determined by dividing $12,500 by the fair market
        value of a share of the Company's Common Stock on the Enrollment Date, and
        provided further that such purchase shall be subject to the limitations set
        forth in Section 3(b) and 12 hereof. Exercise of the option shall occur as
        provided in Section 8, unless the participant has withdrawn pursuant to
        Section 10, and shall expire on the last day of the Offering
        Period.  Fair market value of a share of the Company's Common Stock
        shall be determined as provided in Section 7(b) herein.

       

      (b)           The
        option price per share of the shares offered in a given Offering Period shall
        be
        the lower of:  (i) 85% of the fair market value of a share of the
        Common Stock of the Company on the Enrollment Date; or (ii) 85% of the fair
        market value of a share of the Common Stock of the Company on the Exercise
        Date.  The fair market value of the Company's Common Stock on a given
        date shall be determined by the Board in its discretion; provided, however,
        that
        where there is a public market for the Common Stock, the fair market value
        per
        share shall be the closing price of the Common Stock for such date, as reported
        by the NASDAQ National Market System, or, in the event the Common Stock is
        listed on a stock exchange, the fair market value per share shall be the
        closing
        price on such exchange on such date, as reported in the Wall Street
        Journal.

       

      8.           Exercise
        of Option.  Unless a participant withdraws from the Plan as
        provided in paragraph 10 below, his or her option for the purchase of
        shares will be exercised automatically on the Exercise Date, and the maximum
        number of full shares subject to option shall be purchased for such participant
        at the applicable option price with the accumulated payroll deductions in
        his or
        her account.  No fractional shares will be purchased and any payroll
        deductions accumulated in a participant's account which are not used to purchase
        shares shall remain in the participant's account for the subsequent Offering
        Period, subject to an earlier with­drawal as provided in
        paragraph 10.  During a participant's life­time, a
        participant's option to purchase shares hereunder is exercisable only by
        him or
        her.

      
        
                

           

        

        
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      9.           Delivery.  Unless
        a participant makes an election to delay the issuance of Certificate
        representing purchased shares, as promptly as practicable after each Exercise
        Date on which a pur­chase of shares occurs, the Company shall arrange the
        delivery to each participant, as appropriate, of a certificate representing
        the
        shares purchased upon exercise of his or her option.  A
        partic­ipant may make an election to delay the issuance of stock
        certifi­cates representing shares purchased under the Plan by giving written
        notice to the Company the form of Exhibit D to this Plan.  Any
        such election shall remain in effect until it is revoked by the participant
        or,
        if earlier, upon the termination of the partic­ipant's Continuous Status as
        an Employee.  The Company may limit the time or times during which
        participants may revoke such elec­tions, except that a participant shall
        automatically receive a certificate as soon as practicable following termination
        of his or her Continuous Status as an Employee and that participants shall
        be
        given the opportunity to revoke such elections at least once each calendar
        year.

       

      10.           Withdrawal;
        Termination of Employment.

       

      (a)           A
        participant may withdraw all but not less than all the payroll deductions
        credited to his or her account and not yet used to exercise his or her option
        under the Plan at any time by giving written notice to the Company in the
        form
        of Exhibit B to this Plan.  All of the participant's payroll
        deductions credited to his or her account will be paid to such participant
        promptly after receipt of notice of withdrawal and such participant's option
        for
        the Offering Period will be automatically terminated, and no further payroll
        deductions for the purchase of shares will be made during the Offering
        Period.  If a participant withdraws from an Offering Period, payroll
        deductions will not resume at the begin­ning of the succeeding Offering
        Period unless the participant delivers to the Company a new subscription
        agreement.

       

      (b)           Upon
        termination of the participant's Continuous Status as an Employee prior to
        the
        Exercise Date for any reason, including retirement or death, the payroll
        deductions credited to such participant's account during the Offering Period
        but
        not yet used to exercise the option will be returned to such participant
        or, in
        the case of his or her death, to the person or persons entitled thereto under
        paragraph 14, and such participant's option will be automatically
        terminated.

       

      (c)           In
        the event an Employee fails to remain in Contin­uous Status as an Employee
        of the Company for at least twenty (20) hours per week during an Offering
        Period
        in which the Employee is a participant, he or she will be deemed to have
        elected
        to withdraw from the Plan and the payroll deductions credited to his or her
        account will be returned to such participant and such participant's option
        terminated.

       

      (d)           A
        participant's withdrawal from an Offering Period will not have any effect
        upon
        his or her eligibility to participate in any similar plan which may hereafter
        be
        adopted by the Company or in succeeding Offering Periods which commence after
        the termination of the Offering Period from which the participant
        withdraws.

      
        
                

           

        

        
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      11.           Interest.  No
        interest shall accrue on the payroll deductions of a participant in the
        Plan.

       

      12.           Stock.

       

      (a)           The
        maximum number of shares of the Company's Common Stock which shall be made
        available for sale under the Plan shall be 5,775,000 shares, subject to
        adjustment upon changes in capitali­zation of the Company as provided in
        paragraph 18.  If on a given Exercise Date the number of shares
        with respect to which options are to be exercised exceeds the number of shares
        then available under the Plan or the Maximum Offering, if any, the Company
        shall
        make a pro rata allocation of the shares remaining available for purchase
        in as
        uniform a manner as shall be practicable and as it shall determine to be
        equitable.  The pro rata allocation shall be limited, in the case of
        exceeding the Maximum Offering, to those participants in the countries,
        locations or Designated Subsidiaries in the specified Maximum
        Offering.

       

      (b)           The
        participant will have no interest or voting right in shares covered by his
        option until such option has been exercised.

       

      (c)           Shares
        to be delivered to a participant under the Plan will be registered in the
        name
        of the participant or in the name of the participant and his or her
        spouse.

       

      13.           Administration.  The
        Plan shall be administered by the Board of the Company or a committee of
        members
        of the Board appointed by the Board.  The administration,
        interpretation or application of the Plan by the Board or its committee shall
        be
        final, conclusive and binding upon all participants.  Members of the
        Board who are eligible Employees are permitted to participate in the
        Plan.

       

      14.           Designation
        of Beneficiary.

       

      (a)           A
        participant may file a written designation of a beneficiary who is to receive
        any shares and cash, if any, from the participant's account under the Plan
        in
        the event of such partici­pant's death subsequent to an Exercise Date on
        which the option is exercised but prior to delivery to such participant of
        such
        shares and cash.  In addition, a participant may file a written
        designa­tion of a beneficiary who is to receive any cash from the
        partici­pant's account under the Plan in the event of such participant's
        death prior to exercise of the option.

       

      (b)           Such
        designation of beneficiary may be changed by the participant at any time
        by
        written notice.  In the event of the death of a participant and in the
        absence of a beneficiary validly designated under the Plan who is living
        at the
        time of such partic­ipant's death, the Company shall deliver such shares
        and/or cash to the executor or administrator of the estate of the participant,
        or if no such executor or administrator has been appointed (to the knowledge
        of
        the Company), the Company, in its discretion, may deliver such shares and/or
        cash to the spouse or to any one or more dependents or relatives of the
        participant, or if no spouse, dependent or relative is known to the Company,
        then to such other person as the Company may designate.

       

      15.           Transferability.  Neither
        payroll deductions credited to a participant's account nor any rights with
        regard to the exercise of an option or to receive shares under the Plan may
        be
        assigned, transferred, pledged or otherwise disposed of in any way (other
        than
        by will, the laws of descent and distribution or as provided in paragraph
        14
        hereof) by the participant.  Any such attempt at assignment, transfer,
        pledge or other disposition shall be without effect, except that the Company
        may
        treat such act as an election to withdraw funds from an Offering Period in
        accordance with paragraph 10.

      
        
                

           

        

        
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      16.           Use
        of Funds.  All payroll deductions received or held by the Company
        under the Plan may be used by the Company for any corporate purpose, and
        the
        Company shall not be obligated to segregate such payroll
        deductions.

       

      17.           Reports.  Individual
        accounts will be maintained for each participant in the
        Plan.  Statements of account will be given to participating Employees
        semi-annually promptly following the Exercise Date, which statements will
        set
        forth the amounts of payroll deductions, the per share purchase price, the
        number of shares purchased and the remaining cash balance, if any.

       

      18.           Adjustments Upon Changes in Capitalization.  Subject
        to any required action by the shareholders of the Company, the number of
        shares
        of Common Stock covered by each option under the Plan which has not yet been
        exercised and the number of shares of Common Stock which have been authorized
        for issuance under the Plan but have not yet been placed under option
        (collectively, the "Reserves"), as well as the price per share of Common
        Stock
        covered by each option under the Plan which has not yet been exercised, shall
        be
        proportionately adjusted for any increase or decrease in the number of issued
        shares of Common Stock resulting from a stock split, reverse stock split,
        stock
        dividend, combination or reclas­sification of the Common Stock, or any other
        increase or decrease in the number of shares of Common Stock effected without
        receipt of consideration by the Company; provided, however, that conversion
        of
        any convertible securities of the Company shall not be deemed to have been
        "effected without receipt of consideration".  Such adjustment shall be
        made by the Board, whose determination in that respect shall be final, binding
        and conclusive.  Except as expressly provided herein, no issue by the
        Company of shares of stock of any class, or securities convertible into shares
        of stock of any class, shall affect, and no adjustment by reason thereof
        shall
        be made with respect to, the number or price of shares of Common Stock subject
        to an option.

       

      In
        the
        event of the proposed dissolution or liquidation of the Company, the Offering
        Period will terminate immediately prior to the consummation of such proposed
        action, unless otherwise provided by the Board.   In the event of
        a proposed sale of all or substan­tially all of the assets of the Company,
        or the merger of the Com­pany with or into another corporation, any Purchase
        Periods then in progress shall be shortened by setting a new Exercise Date
        (the
        "New Exercise Date") and any Offering Periods then in progress shall end
        on the
        New Exercise Date.  The New Exercise Date shall be before the date of
        the Company's proposed sale or merger.  The Board shall notify each
        participant in writing, at least ten (10) business days prior to the New
        Exercise Date, that the Exercise Date for the participant's option has been
        changed to the New Exercise Date and that the participant's option shall
        be
        exercised automatically on the New Exercise Date, unless prior to such date
        the
        participant has with­drawn from the Offering Period as provided in Section
        10 hereof.

       

      19.           Amendment
        or Termination.  The Board of Directors of the Company may at any
        time and for any reason terminate or amend the Plan.  Except as
        provided in paragraph 18, no such termination can affect options previously
        granted, provided that an Offering Period may be terminated by the Board
        of
        Directors on any Exercise Date if the Board determines that the termination
        of
        the Plan is in the best interests of the Company and its
        shareholders.  Except as provided in paragraph 18, no amendment
        may make any change in any option theretofore granted which adversely affects
        the rights of any participant.  In addition, to the extent necessary
        to comply with Section 423 of the Code (or any successor rule or provision
        or any other applicable law or regula­tion), the Company shall obtain
        shareholder approval in such a manner and to such a degree as so
        required.

      
        
                

           

        

        
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      20.           Notices.  All
        notices or other communications by a participant to the Company under or
        in
        connection with the Plan shall be deemed to have been duly given when received
        in the form specified by the Company at the location, or by the person,
        designated by the Company for the receipt thereof.

       

      21.           Shareholder
        Approval.  Continuance of the Plan shall be subject to approval by
        the shareholders of the Company within twelve months before or after the
        date
        the Plan is adopted.  Such shareholder approval shall be obtained in
        the manner and degree required under the applicable state and federal tax
        and
        securities laws.

       

      22.           Conditions Upon Issuance of Shares.  Shares
        shall not be issued with respect to an option unless the exercise of such
        option
        and the issuance and delivery of such shares pursuant thereto shall comply
        with
        all applicable provisions of law, domestic or foreign, including, without
        limitation, the Securities Act of 1933, as amended, the Exchange Act, the
        rules
        and regulations promulgated thereunder, and the requirements of any stock
        exchange upon which the shares may then be listed, and shall be further subject
        to the approval of counsel for the Company with respect to such
        compliance.

       

      As
        a
        condition to the exercise of an option, the Company may require the person
        exercising such option to represent and warrant at the time of any such exercise
        that the shares are being purchased only for investment and without any present
        intention to sell or distribute such shares if, in the opinion of counsel
        for
        the Company, such a representation is required by any of the aforementioned
        applicable provisions of law.

       

      23.           Term
        of Plan.  The Plan shall become effective upon the earlier to
        occur of its adoption by the Board of Directors or its approval by the
        shareholders of the Company as described in
        para­graph 21.  It shall continue in effect for a term of
        twenty (20) years unless sooner terminated under
        paragraph 19.

      
        
                

           

        

        
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      EXHIBIT
        A

       

      TRIMBLE
        NAVIGATION

       

      EMPLOYEE
        STOCK PURCHASE PLAN

      SUBSCRIPTION
        AGREEMENT

       

      

       

      Location___________________________

       

      
        
          	
                  _____
                    Original Application

                	
                  Enrollment
                    Date: ___________

                
	
                  _____
                    Change in Payroll Deduction Rate

                	 
	
                  _____
                    Change of Beneficiary(ies)

                	 

        

      

       

      1.           _____________
        hereby elects to participate in the Trimble Navigation Employee Stock Purchase
        Plan (the "Stock Purchase Plan") and subscribes to purchase shares of the
        Company's Common Stock in accordance with this Subscription Agreement and
        the
        Stock Purchase Plan.

       

      2.           I
        hereby authorize payroll deductions from each paycheck in the amount of ____%
        of
        my Compensation on each payday (not to exceed 10%) during the Offering Period
        in
        accordance with the Stock Purchase Plan.

       

      ________
        Include bonuses as part of Compensation subject to payroll
        deduction.

      ________
        Exclude bonuses from Compensation subject to payroll deduction.

       

      3.           I
        understand that said payroll deductions shall be accumulated for the purchase
        of
        shares of Common Stock at the applicable purchase price determined in accordance
        with the Stock Pur­chase Plan.  I understand that if I do not
        withdraw from an Offering Period, any accumulated payroll deductions will
        be
        used to automatically exercise my option.

       

      4.           I
        have received a copy of the complete "Trimble Navigation Employee Stock Purchase
        Plan."  I understand that my partici­pation in the Stock Purchase
        Plan is in all respects subject to the terms of the Plan.  I
        understand that the grant of the option by the Company under this Subscription
        Agreement is subject to obtaining shareholder approval of the Stock Purchase
        Plan.

       

      5.           Shares
        purchased for me under the Stock Purchase Plan should be issued in the name(s)
        of:  _______________________________.

       

      6.           I
        understand that if I dispose of any shares received by me pursuant to the
        Plan
        within 2 years after the Enrollment Date (the first day of the Offering Period
        during which I purchased such shares), I will be treated for federal income
        tax
        pur­poses as having received ordinary income at the time of such disposition
        in an amount equal to the excess of the fair market value of the shares at
        the
        time such shares were delivered to me over the price which I paid for the
        shares.  I hereby agree to notify the Company in writing within 30
        days after the date of any such disposition.  However, if I
        dispose of such shares at any time after the expiration of the 2-year holding
        period, I understand that I will be treated for federal income tax purposes
        as
        having received income only at the time of such disposition, and that such
        income will be taxed as ordinary income only to the extent of an amount equal
        to
        the lesser of (1) the excess of the fair market value of the shares at the
        time
        of such disposition
        over the purchase price which I paid for the shares under the option, or
        (2) the
        excess of the fair market value of the shares over the option price, measured
        as
        if the option had been exercised on the Enrollment Date.  The
        remainder of the gain, if any, recognized on such disposition will be taxed
        as
        capital gain.

       

      
        
           

        

        
          -9-

          
            

          

        

        
           

        

      

       

      7.           I
        hereby agree to be bound by the terms of the Stock Purchase Plan.  The
        effectiveness of this Subscription Agreement is dependent upon my eligibility
        to
        participate in the Stock Purchase Plan.

       

      8.           In
        the event of my death, I hereby designate the following as my beneficiary(ies)
        to receive all payments and shares due me under the Stock Purchase
        Plan:

       

      

      
        	
                NAME:  (Please
                  print)

              	 	  
                	 
	
                (First)

              	 	
                (Middle)                    (Last)

              
	 	 	 	 
	
                 

              	 	 	 
	 	 	 
	
                Relationship

              	 	 
	 	 	
                (Address)

              
	 	 	 	 
	
                NAME:  (Please
                  print)

              	 	  
                	 
	
                (First)

              	 	
                (Middle)                    (Last)

              
	 	 	 
	 	  
                	 
	 	 	 
	
                Relationship

              	 	 
	 	 	
                (Address)

              
	 	 	 
	
                Employee's
                  Social Security Number

              	 	 
	 	 	 
	
                Employee's
                  Address

              	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

      

       

      
        
           

        

        
          -10-

          
            

          

        

        
           

        

      

       

          9.          Data
        Privacy Consent.  As a condition of the grant of the option, the
        Optionee consents to the collection, use and transfer of personal data as
        described in this paragraph.  The Optionee understands that the
        Corporation and its Subsidiaries hold certain personal information about
        the
        Optionee, including the Optionee's name, home address and telephone number,
        date
        of birth, date of hire, social security number or identification number,
        salary,
        nationality, job title, grade level, job code, ranking, any shares of Stock
        or
        directorships held in the Corporation, details of all options or any other
        entitlement to shares of Stock awarded, canceled, exercised, vested, unvested
        or
        outstanding in the Optionee's favor, for the purpose of managing and
        administering the Plan ("Data").  The Optionee further understands
        that the Corporation and/or its Subsidiaries will transfer Data amongst
        themselves as necessary for the purpose of implementation, administration
        and
        management of the Optionee's participation in the Plan, and that the Corporation
        and/or any of its Subsidiaries any each further transfer Data to any third
        parties assisting Trimble Navigation Limited in the implementation,
        administration and management of the Plan.  The Optionee understands
        that these recipients may be located in the European Economic Area, or
        elsewhere, such as the United States or Canada.  The Optionee
        authorizes them to receive, possess, use, retain and transfer the Data, in
        electronic or other form, for the purposes of implementing, administering
        and
        managing the Optionee's participation in the Plan, including any requisite
        transfer to a broker or other third party with whom the Optionee may elect
        to
        deposit any shares of Stock acquired upon exercise of the option such Data
        as
        may be required for the administration of the Plan and/or the subsequent
        holding
        of shares of Stock on his or her behalf.  The Optionee understands
        that he or she may, at any time, view Data, require any necessary amendments
        to
        it or withdraw the consents herein in writing by contacting his or her local
        Human Resources representative.  Withdrawal of consent may, however,
        affect Optionee's ability to exercise or realize benefits from the option
        during
        the current offering period.

       

                 10.           I
        UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT
        SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.

       

      

      
        	
                Dated:

              	 	 	 
	 	 	 	
                Signature
                  of Employee

              

      

       

      
        
                

           

        

        
          -11-

          
            

          

        

        
           

        

      

       

      EXHIBIT
        B

       

      TRIMBLE
        NAVIGATION

      

       

      EMPLOYEE
        STOCK PURCHASE PLAN

       

      NOTICE
        OF
        WITHDRAWAL

      

       

      The
        undersigned participant in the Offering Period of the Trimble Navigation
        Employee Stock Purchase Plan which began on ____________, ________ (the
        "Enrollment Date") hereby notifies the Company that he or she hereby withdraws
        from the Offering Period.  He or she hereby directs the Company to pay
        to the undersigned as promptly as possible all the payroll deductions credited
        to his or her account with respect to such Offering Period. The undersigned
        understands and agrees that his or her option for such Offering Period will
        be
        automatically terminated.  The undersigned under­stands further
        that no further payroll deductions will be made for the purchase of shares
        in
        the current Offering Period and the undersigned shall be eligible to participate
        in succeeding Offering Periods only by delivering to the Company a new
        Subscription Agreement.

       

      

      
        	 	
                Name
                  and Address of Participant

              
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	
                Signature

              
	 	 
	 	 
	 	 	 
	 	
                Date:

              	 

      

       

      
        
                

           

        

        
          
          

          
            

          

        

        
           

        

      

       

      EXHIBIT C

       

      TRIMBLE
        NAVIGATION

      

       

      EMPLOYEE
        STOCK PURCHASE PLAN

       

      NOTICE
        TO
        RESUME PAYROLL DEDUCTIONS

       

       

      The
        undersigned participant in the Offering Period of the Trimble Navigation
        Employee Stock Purchase Plan which began on ______________, _______ hereby
        notifies the Company to resume payroll deductions for his or her account
        at the
        beginning of the next Exercise Period within such Offering Period in accordance
        with the terms of the Subscription Agreement executed by the undersigned
        at the
        beginning of the Offering Period.  The undersigned understands that he
        or she may change the payroll deduction rate or the benefi­ciaries named in
        such Subscription Agreement by submitting a revised Subscription
        Agreement.

       

      

      
        	 	
                Name
                  and Address of Participant

              
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	
                Signature

              
	 	 
	 	 
	 	 	 
	 	
                Date:

              	 

      

       

      
        
                

           

        

        
          
          

          
            

          

        

        
           

        

      

       

      EXHIBIT
        D

       

      TRIMBLE
        NAVIGATION

      

       

      EMPLOYEE
        STOCK PURCHASE PLAN

       

      ELECTION/REVOCATION
        OF ELECTION

      DELAY
        ISSUANCE OF CERTIFICATE

      

       

      The
        undersigned participant in the 1988 Trimble Navigation Employee Stock Purchase
        Plan (the "Stock Purchase Plan"), hereby elects to allow Trimble Navigation
        (the
        "Company") or its agent to delay issuance of a certificate representing shares
        purchased under the Plan in accordance with the provisions of the Stock Purchase
        Plan.  This election shall continue in effect until the termination of
        the undersigned's Continuous Status as an Employee or until revoked pursuant
        to
        such Stock Purchase Plan.  This election shall not otherwise affect
        the participant's rights as a shareholder of the Company.

       

      -OR-

       

      ____________________
        hereby revokes his or her prior election to allow the Company to delay issuance
        of a certificate pursuant to the terms of the Stock Purchase
        Plan.  The Company shall deliver to participant as promptly as
        practicable a certificate representing all shares purchased
        thereby.

       

      
        	 	
                Name
                  and Address of Participant

              
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	
                Signature

              
	 	 
	 	 
	 	 	 
	 	
                Date:Exhibit 10.1

    
      

    

    Exhibit
      10.1

    

    

    Summary
      of Non-Management Director Compensation Action

    

    

    On
      April
      5, 2007, the Board of Directors (the “Board”) of Apco Argentina Inc. (the
“Company”) modified, beginning July 1, 2007, the compensation structure awarded
      to members of the Board who are not employees of the Company or its affiliates
      (each a “Non-Management Director”) as follows: 

    

    
      	
              Quarterly
                Compensation for Board Service: 

            	 	
              $

            	
              12,500

            	 
	 	 	 	 	 
	
              Quarterly
                Compensation for Committee Chairs:

            	 	 	 	 
	 	 	 	 	 
	
              Audit
                Committee Chair - 

            	 	
              $

            	
              2,500

            	 
	
              Nominating
                Committee Chair - 

            	 	
              $

            	
              1,250

            	 

    

     

    The
      compensation set forth above is paid quarterly in arrears.

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