Document:

Form of non-U.S. director stock option agrmt under the Company's 2002 Stock Plan

 Exhibit 10.4 
 TRIMBLE NAVIGATION LIMITED 
 AMENDED AND RESTATED 2002 STOCK PLAN

 STOCK OPTION AGREEMENT 
 (Outside Director Option – Non-U.S. Version) 
 Unless otherwise
defined herein, the capitalized terms used in this Stock Option Agreement shall have the same defined meanings as set forth in the Trimble Navigation Limited Amended and Restated 2002 Stock Plan (the “Plan”). 

 

	I.	NOTICE OF STOCK OPTION GRANT 

 Name: 
 Address: 

You have been granted an option to purchase shares of the Common Stock of the Company, subject to the terms and conditions of the Plan
and this Stock Option Agreement (the “Option Agreement”), as follows: 
  

			
	 Grant Number
	  	                             
                                         
                
		
	 Date of Grant
	  	                             
                                         
                
		
	 Vesting Commencement Date
	  	                             
                                         
                
		
	 Exercise Price per Share
	  	$                             
                                         
             
		
	 Total Number of Shares Granted
	  	                             
                                         
                
		
	 Total Exercise Price
	  	$                             
                                         
             
		
	 Type of Option:
	  	Nonstatutory Stock Option
		
	 Term/Expiration Date:
	  	Seventh (7th) Anniversary of the Date of Grant

 Vesting Schedule:

 This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 

This Option shall vest and become exercisable cumulatively, to the extent of
1/12th of the Shares subject to the Option for each
complete calendar month after the Date of Grant of the Option. 

 Termination Period: 

The vested portion of this Option may be exercised for twelve (12) months after the Optionee ceases to be a Service Provider
(including the death or Disability of the Optionee). In no event shall any portion of this Option be exercised later than the Term/Expiration Date as provided above. 
  

	II.	AGREEMENT 

  

	 	A.	Grant of Option. 

 The
Administrator hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the “Optionee”) an option (the “Option”) to purchase the number of Shares, as set forth in the Notice of Grant,
at the exercise price per share set forth in the Notice of Grant (the “Exercise Price”), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of
a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. 
  

	 	B.	Exercise of Option. 

(a) Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice
of Grant and the applicable provisions of the Plan and this Option Agreement. 
 (b) Method of Exercise. This Option is
exercisable by (i) electronic exercise in accordance with an approved automated exercise program or (ii) delivery of an exercise notice, in the form designated by the Company from time to time, which shall state the election to exercise
the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The
Exercise Notice shall be completed by the Optionee and delivered to the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt
by the Company of the Exercise Price. 
 No Shares shall be issued pursuant to the exercise of this Option unless such issuance
and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares. 

 

	 	C.	Method of Payment. 

Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  
 -2-

 1. cash; or 
 2. check; or 
 3. consideration received by the Company under a cashless exercise
program implemented by the Company in connection with the Plan. 
  

	 	D.	Non-Transferability of Option. 

 This Option may not be transferred in any manner otherwise than by will, by the laws of descent or distribution, or by contribution to a personal corporation wholly owned by the Optionee, and may be
exercised during the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 

 

	 	E.	Term of Option. 

 This
Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement. 

 

	 	F.	Tax Obligations. 

Regardless of any action the Company and/or any Affiliate (collectively, the “Company”) takes with respect to any or all
income tax, social security, payroll tax, payment on account or other tax-related items related to the Optionee’s participation in the Plan and legally applicable to him or her (“Tax-Related Items”), the Optionee acknowledges that the
ultimate liability for all Tax-Related Items is and remains the Optionee’s responsibility and may exceed the amount actually withheld by the Company. The Optionee further acknowledges that the Company (i) makes no representations or
undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Option, including, without limitation, the grant, vesting or exercise of this Option, the issuance of Shares upon exercise of this Option, the
subsequent sale of Shares acquired pursuant to such issuance and the receipt of any dividends; and (ii) does not commit to and is under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate the
Optionee’s liability for Tax-Related Items or achieve any particular tax result. Furthermore, if the Optionee has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable event, the
Optionee acknowledges that the Company may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, the Optionee will pay or make adequate arrangements satisfactory to the Company to satisfy all Tax-Related Items. In this regard, the
Optionee authorizes the Company, or its agents, at its discretion, to satisfy the obligations with regard to all Tax-Related Items by either or both of the following: 
 1. withholding from proceeds of the sale of Exercised Shares acquired upon exercise, either through a voluntary sale or through a mandatory sale arranged by the Company (on the Optionee’s behalf
pursuant to this authorization); or 

  
 -3-

 2. withholding in the Exercised Shares to be issued upon exercise of this Option.

 To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable
minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, the Optionee is deemed, for tax purposes, to have been issued the full number of Exercised
Shares, notwithstanding that some Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Optionee’s participation in the Plan. 

Finally, the Optionee shall pay to the Company any amount of Tax-Related Items that the Company may be required to withhold or account
for as a result of the Optionee’s participation in the Plan, which amount cannot be satisfied by the means previously described. The Company may refuse to issue or deliver Shares or the proceeds of the sale of Shares if the Optionee fails to
comply with his or her obligations in connection with the Tax-Related Items. 
  

	 	G.	 Nature of Option Grant. 

 In accepting this Option, the Optionee acknowledges the following: 
 1. the Plan
is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time; 
 2. the grant of this Option is voluntary and occasional and does not create any contractual or other right to receive future stock options, or benefits in lieu of stock options, even if stock options have
been granted repeatedly in the past; 
 3. all decisions with respect to future stock option grants, if any, will be at the
sole discretion of the Company; 
 4. the Optionee’s participation in the Plan shall not interfere with the ability of the
Company to terminate the Optionee’s Service Provider relationship at any time; 
 5. the Optionee’s participation in
the Plan is voluntary; 
 6. this Option and the Optioned Stock are an extraordinary item that does not constitute compensation
of any kind for services of any kind rendered to the Company; 
 7. this Option and the Optioned Stock are not intended to
replace any pension rights or compensation; 
 8. this Option and the Optioned Stock are not part of normal or expected
compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or an Affiliate; 

  
 -4-

 9. this Option and the Optionee’s participation in the Plan will not be interpreted to
form an employment contract or relationship with the Company or an Affiliate; 
 10. the future value of the underlying Shares
is unknown and cannot be predicted with any certainty; 
 11. if the Optioned Stock does not increase in value, this Option
will have no value; 
 12. if the Optionee exercises this Option and obtains Shares, the value of the Shares acquired upon
exercise may increase or decrease in value, even below the Exercise Price; 
 13. no claim or entitlement to compensation or
damages shall arise from forfeiture of this Option if the Optionee ceases to be a Service Provider (for any reason whatsoever and whether or not in breach of local labor laws), and in consideration of the grant, to which the Optionee is not
otherwise entitled, the Optionee irrevocably agrees never to institute any claim against the Company or an Affiliate, waives his or her ability, if any, to bring any such claim, and releases the Company and any Affiliate from any such claim; if,
notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, the Optionee shall be deemed irrevocably to have agreed not to pursue such claim; and 

14. in the event that the Optionee ceases to be a Service Provider (whether or not in breach of local labor laws), the Optionee’s
right, if any, to vest in this Option will terminate effective as of the date on which the Optionee is no longer an active Service Provider and will not be extended by any notice period mandated under Applicable Laws (e.g., Optionee would not
be an active Service Provider for a period of “garden leave” or similar period pursuant to Applicable Laws); the Administrator shall have the exclusive discretion to determine when the Optionee is no longer an active Service Provider for
purposes of this Option. 
  

	 	H.	No Advice Regarding Grant. 

 The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendation regarding the Optionee’s participation in the Plan, or the Optionee’s acquisition or
sale of the underlying Shares. The Optionee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 

 

	 	I.	Data Privacy. 

 The
Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Option Agreement and any other Option materials by and between, as applicable,
the Company and any Affiliate for the exclusive purpose of implementing, administering and managing the Optionee’s participation in the Plan. 
 The Optionee understands that the Company and any Affiliate may hold certain personal information about him or her, including, without limitation, the Optionee’s name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, 

  
 -5-

 
nationality, job title, any Shares or directorships held in the Company, details of all stock options or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or
outstanding in the Optionee’s favor, for the exclusive purposes of implementing, administering and managing the Plan (“Data”). 
 The Optionee understands that Data will be transferred to the Company’s broker, or such other stock plan service provider as may be selected by the Company in the future, which is assisting the
Company with the implementation, administration and management of the Plan. The Optionee understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United
States) may have different data privacy laws and protections than the Optionee’s country. The Optionee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her
local human resources representative. The Optionee authorizes the Company, the Company’s broker and any other third parties which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing the Optionee’s participation in the Plan. The Optionee understands that Data will be held only
as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan. The Optionee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data,
require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Company. The Optionee understands, however, that refusing or withdrawing his or her consent may affect his or
her ability to participate in the Plan. For more information on the consequences of his or her refusal to consent or withdrawal of consent, the Optionee understands that he or she may contact the Company. 

 

	 	J.	Language. 

 If the
Optionee has received this Option Agreement or any other documents related to the Plan translated into a language other than English and if the meaning of the translated version differs from the English version, the English version shall control.

  

	 	K.	Electronic Delivery. 

The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by
electronic means. The Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the
Company. 
  

	 	L.	Severability. 

 The
provisions of this Option Agreement are severable, and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

  
 -6-

	 	M.	Appendix. 

Notwithstanding any provisions in this Option Agreement, this Option shall be subject to any special terms and conditions for the
Optionee’s country set forth in the Appendix. Moreover, if the Optionee relocates to one of the countries included in the Appendix, the special terms and conditions for such country shall apply to the Optionee, to the extent the Company
determines that the application of such terms and conditions is necessary or advisable in order to comply with Applicable Laws or facilitate the administration of the Plan. The Appendix constitutes part of this Option Agreement. 

 

	 	N.	Imposition of Other Requirements. 

 The Company reserves the right to impose other requirements on the Optionee’s participation in the Plan, on this Option and on any Shares acquired under the Plan, to the extent the Company determines
it is necessary or advisable in order to comply with Applicable Laws or facilitate the administration of the Plan, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

  

	 	O.	Securities Law Compliance. 

 Notwithstanding anything to the contrary contained herein, no Shares will be issued to the Optionee upon the exercise of this Option unless the Shares subject to the Option are then registered under the
Securities Act of 1933, as amended (the “Securities Act’), or, if such Shares are not so registered, the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. By accepting this
Option, the Optionee agrees not to sell any of the Shares received under this Option at a time when Applicable Laws or Company policies prohibit a sale. 
  

	 	P.	Code Section 409A. 

The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or
modify the Plan, this Option Agreement or the Notice of Grant or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Administrator determines are necessary or
appropriate to ensure that this Option qualifies for exemption from, or complies with the requirements of, Section 409A of the Code; provided, however, that the Company makes no representation that the Option will be exempt from, or will comply
with, Section 409A of the Code, and makes no undertakings to preclude Section 409A of the Code from applying to the Option or to ensure that it complies with Section 409A of the Code. 

  
 -7-

	 	Q.	Entire Agreement; Governing Law. 

 The Plan is incorporated herein by reference. The Plan and this Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety
all prior undertakings and agreements of the Company and the Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and the Optionee.
This agreement is governed by the internal substantive laws, but not the choice of law rules, of the state of California. 
 By
the Optionee’s signature and the signature of the Company’s representative below, the Optionee and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan and this Option Agreement. The
Optionee has reviewed the Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Plan and Option Agreement. The
Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Option Agreement. The Optionee further agrees to notify the Company upon any change
in the residence address indicated below. 
  

							
	 OPTIONEE:
	  		  	TRIMBLE NAVIGATION LIMITED	  	
				
	
                        
                                         
                      
	  		  	
                        
                                         
                   
	  	
	Signature	  		  	By	  	
				
	
                        
                                         
                      
	  		  	
                        
                                         
                   
	  	
	Print Name	  		  	Print Name	  	
				
	
                        
                                         
                      
	  		  	
                        
                                         
                   
	  	
	Residence Address	  		  	Title	  	
				
	
                        
                                         
                      
	  		  		  	

  
 -8-

 EXHIBIT A 

APPENDIX TO 

TRIMBLE NAVIGATION LIMITED 
 AMENDED AND RESTATED 2002 STOCK PLAN 
 STOCK OPTION AGREEMENT

 (NON-U.S. OPTIONEES) 
 TERMS AND CONDITIONS 
 This Appendix, which is part of the Option Agreement,
includes additional terms and conditions that govern this Option and that will apply to the Optionee if he or she is in one of the countries listed below. Unless otherwise defined herein, capitalized terms set forth in this Appendix shall have the
meanings ascribed to them in the Plan or the Option Agreement. 
 NOTIFICATIONS 

This Appendix also includes information regarding securities, exchange control and certain other issues of which the Optionee should be aware with
respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of February 2010. Such laws are often complex and change frequently. As a result,
the Company strongly recommends that the Optionee not rely on the information in this Appendix as the only source of information relating to the consequences of his or her participation in the Plan because such information may be outdated when he or
she exercise this Option and/or sells any Shares acquired at exercise. 
 In addition, the information contained herein is general in nature and
may not apply to the Optionee’s particular situation. As a result, the Company is not in a position to assure the Optionee of any particular result. The Optionee therefore is advised to seek appropriate professional advice as to how the
relevant laws in his or her country may apply to his or her particular situation. 
 Finally, if the Optionee is a citizen or resident of a
country other than that in which the Optionee currently is working, or transfers his or her residence to a different country after the Date of Grant, the information contained herein may not apply to him or her. 

SWEDEN 
 There are no
country-specific terms and conditions. 

  
 -9-Letter Agreement

 EXHIBIT 10.1 
                           February 18,
2011                     
 Mark E. Watson
III 
 President and Chief Executive Officer 
 Argo Group International Holdings, Ltd. 
 110 Pitts Bay Road 

Pembroke HM 08 Bermuda 
 Dear Mr. Watson:

 As you know, pursuant to a letter agreement dated August 10, 2010 from Argo Group International Holdings, Ltd. (the
“Company”) to you (the “Agreement”), certain housing, home leave and education allowances (collectively, the “Allowances”) were granted to you, together with certain other consideration. You and the
Company hereby acknowledge and agree that the amounts payable in respect of the Allowances may be adjusted from time to time, at the discretion of the Human Resources Committee of the Company, such that the amounts payable are up to (but not in
excess of) the amounts set forth in the Agreement. 
 Please confirm your agreement to the foregoing by executing this letter in
the space provided below. 
  

			
	Sincerely yours,
	
	 ARGO GROUP INTERNATIONAL
 HOLDINGS, LTD.

		
	By:	 	 /s/ John R. Power, Jr.

	 Name:
	 	John R. Power, Jr.
	 Title:
	 	 Chairman,
 Human Resources
Committee
 Board of Directors

  

	
	Accepted and Agreed:
	
	EMPLOYEE
	
	 /s/ Mark E. Watson III

	Mark E. Watson III

  

			
	Argo House	  	T 441 296 5858
	110 Pitts Bay Road	  	F 441 296 6162
	Pembroke, Bermuda HM08	  	
	www.argolimited.com

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]