Document:

2006 Performance Share Grant Terms & Conditions

    
      
        

         

                                                                Exhibit
          10.1

         

        2006
          Performance Share Grant Terms and Conditions

        Pursuant
          to the Brunswick Corporation 2003 Stock Incentive Plan (the
“Plan”)

        
           

          
            	
                    Performance
                      Shares

                  	
                    Shares
                      of Brunswick Corporation common stock where the number of shares
                      distributed is based on attainment of certain corporate performance
                      criteria.

                     

                  
	
                    Grant
                      Date

                     

                  	February
                    14, 2006
	
                    Performance
                      Period

                  	
                    Three
                      year period including 2006, 2007 and 2008.

                     

                  
	
                    Target
                      Award

                  	
                    20,000
                      Shares is the target against which payout criteria will
                      apply.

                     

                  
	
                    Payout
                      Criteria

                  	
                    Number
                      of performance shares earned is to be based on average Brunswick
                      Performance Plan (BPP) payout percent for Corporate Headquarters
                      employees
                      for each of 2006, 2007 and 2008 multiplied by 20,000 (the target
                      award
                      level) to a maximum of 130% of target. 

                    For
                      example, if BPP payout percent is 110% in 2006, 0% in 2007
                      and 100% in
                      2008 that average payout percent is 70% and 14,000 performance
                      shares will
                      be earned. 

                     

                  
	
                    Termination
                      of Employment

                  	
                    If
                      terminating before the end of the performance period shares
                      will be
                      forfeited, except prorata distribution at end of performance
                      period in the
                      event of death or disability.

                     

                  
	
                    Timing
                      of Distribution

                  	
                    All
                      earned shares to be distributed as soon as administratively
                      practical
                      after performance certification and resulting distribution
                      percent by the
                      Human Resources and Compensation Committee. 

                     

                  
	
                    Tax
                      Withholding

                  	
                    Tax
                      withholding liability must be paid via share reduction upon
                      distribution.

                     

                  
	
                    Additional
                      Terms and Conditions 

                  	
                    Grant
                      is subject to terms of the Plan. To the extent any provision
                      herein
                      conflicts with the Plan, the Plan shall govern. The Human Resources
                      and
                      Compensation Committee of the Board administers the Plan. The
                      Committee
                      may interpret the Plan and adopt, amend and rescind administrative
                      guidelines and other rules as deemed appropriate. Committee
                      determinations
                      are binding. 

                     

                    Permanent
                      disability means the inability, by reason of a medically determinable
                      physical or mental impairment, to engage in any substantial
                      gainful
                      activity, which condition, in the opinion of a physician selected
                      by the
                      Committee, is expected to have a duration of not less than
                      120
                      days.

                     

                    The
                      Plan may be amended, suspended or terminated at any time. The
                      Plan will be
                      governed by the laws of the State of Illinois, without
                      regard to the conflict of law provisions of any jurisdiction.

                  

          

           

          Nothing
            contained in these Terms and Conditions or the Plan constitutes or is
            intended
            to create a contract of continued employment. Employment is at-will and
            may

          be
            terminated by either the employee or Brunswick (including affiliates)
            for any
            reason at any time.

           

          
            Questions
              should be directed to

            Shareholder
              Services

            Brunswick
              Corporation

            1
              N.
              Field Court

            Lake
              Forest, Illinois
              60045-48112006 Restricted Stock Unit Terms & Conditions

       

                                                                                  Exhibit
      10.2

     

    2006
      Restricted Stock Unit Grant Terms and Conditions

    Pursuant
      to the Brunswick Corporation 2003 Stock Incentive Plan (the
“Plan”)

    

    
      	
              Purpose

            	
              To
                encourage retention of key managers so as to support the execution
                of
                business strategies and achieve future goals.

               

            
	
              Restricted
                Stock Unit Grant

            	
              Restricted
                Stock Units valued on the same basis as Brunswick Corporation common
                stock
                where one unit equals one share. Dividend equivalents will be reinvested
                in additional restricted stock units. There are no voting rights
                attached
                to restricted stock units.

               

            
	
              Grant
                Date

               

            	February
              14, 2006
	
              Vesting

            	
              Restricted
                stock units will vest three years from date of grant, subject to
                continued
                employment or on a Change in Control (as defined in the Plan).
                

               

            
	
              Termination
                of Employment 

            	
              Forfeiture
                of restricted stock units in the event employment terminates prior
                to
                vesting, except:

                 
                ·    Prorata
                vesting if age and years of service equals 70 or more.

               · Full
                vesting in the event of death or permanent and total disability (as
                defined below).

               

            
	
              Timing
                of Distribution

            	
              Distributions
                will occur as soon as practical after the vesting date. 

               

            
	
              Tax
                Withholding

            	
              Tax
                withholding liability (to meet required FICA, federal, state, and
                local
                withholding) must be paid via share reduction upon distribution.
                

               

            
	
              Form
                of Distribution

            	
              Shares
                will be deposited to your existing Dividend Reinvestment Plan account
                or,
                if one is not currently on record, deposited into a newly created
                account.
                Stock certificates will be issued on request.

               

            
	
              Additional
                Terms and Conditions

            	
              Grants
                are subject to the terms of the Plan. To the extent any provision
                herein
                conflicts with the Plan, the Plan shall govern. The Human Resources
                and
                Compensation Committee of the Board administers the Plan. The Committee
                may interpret the Plan and adopt, amend and rescind administrative
                guidelines and other rules as deemed appropriate. Committee determinations
                are binding. 

               

              Permanent
                disability means the inability, by reason of a medically determinable
                physical or mental impairment, to engage in any substantial gainful
                activity, which condition, in the opinion of a physician selected
                by the
                Committee, is expected to have a duration of not less than 120
                days.

               

              The
                Plan may be amended, suspended or terminated at any time. The Plan
                will be
                governed by the laws of the State of Illinois, without
                regard to the conflict of law provisions of any jurisdiction.

            

    

    

    Nothing
      contained in these Terms and Conditions or the Plan constitutes or is intended
      to create a contract of continued employment. Employment is at-will and
      may

    be
      terminated by either the employee or Brunswick (including affiliates) for any
      reason at any time.

    

      Questions
        should be directed to

      Shareholder
        Services

      Brunswick
        Corporation

      1
        N.
        Field Court

      Lake
        Forest, Illinois 60045-4811

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