Document:

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                                                                    Exhibit 4.07

Grant No.
          -------

                                   INTUIT INC.

                        1996 DIRECTORS STOCK OPTION PLAN

                 DIRECTORS NONQUALIFIED SUCCEEDING STOCK OPTION GRANT

       This Stock Option Grant (this "GRANT") is made and entered into as of the
date of grant set forth below (the "DATE OF GRANT") by and between Intuit Inc.,
a Delaware corporation (the "COMPANY"), and the Optionee named below
("OPTIONEE").

Optionee:
                                    ------------------------------------------

Optionee's Address:
                                    ------------------------------------------

Total Shares Subject to Option:                       15,000
                                    ------------------------------------------

Exercise Price Per Share:
                                    ------------------------------------------

Date of Grant:
                                    ------------------------------------------

Expiration Date:
                                    ------------------------------------------

      1. GRANT OF OPTION. The Company hereby grants to Optionee an option (this
"OPTION") to purchase up to the total number of shares of Common Stock of the
Company set forth above (collectively, the "SHARES") at the exercise price per
share set forth above (the "EXERCISE PRICE"), subject to all of the terms and
conditions of this Grant and the Company's 1996 Directors Stock Option Plan, as
amended by the Board on October 9, 2002 and approved by stockholders on December
12, 2002 (the "PLAN"). Unless otherwise defined herein, capitalized terms used
herein shall have the meanings ascribed to them in the Plan.

      2. EXERCISE AND VESTING OF OPTION. This Option shall vest as to 50% of the
Shares upon the first anniversary of the Date of Grant and an additional 4.1666%
of the Shares each month thereafter, so long as the Optionee continuously
remains a director or a consultant of the Company, subject to the other terms
and conditions of the Plan and this Grant.

      3. RESTRICTION ON EXERCISE. This Option may not be exercised unless such
exercise is in compliance with the Securities Act, and all applicable state
securities laws, as they are in effect on the date of exercise, and the
requirements of any stock exchange or national market system on which the
Company's Common Stock may be listed at the time of exercise. Optionee
understands that the

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Company is under no obligation to register, qualify or list the Shares with the
SEC, any state securities commission or any stock exchange or national market
system to effect such compliance.

      4. TERMINATION OF OPTION. Except as provided below in this Section, this
Option shall terminate and may not be exercised if Optionee ceases to be a Board
member or consultant of the Company. The date on which Optionee ceases to be a
Board member or consultant of the Company shall be referred to as the
"TERMINATION DATE."

           4.1 Termination Generally. If Optionee ceases to be a Board member or
consultant of the Company for any reason except death or disability within the
meaning of Section 22(e)(3) of the Code, then this Option, to the extent (and
only to the extent) that it would have been exercisable by Optionee on the
Termination Date, may be exercised by Optionee within seven months after the
Termination Date, but in no event later than the Expiration Date.

           4.2 Death or Disability. If Optionee ceases to be a Board member or
consultant of the Company because of the death of Optionee or the disability of
Optionee within the meaning of Section 22(e)(3) of the Code, then this Option,
to the extent (and only to the extent) that it would have been exercisable by
Optionee on the Termination Date, may be exercised by Optionee (or Optionee's
legal representative) within 12 months after the Termination Date, but in no
event later than the Expiration Date.

      5.   MANNER OF EXERCISE.

           5.1 Exercise Agreement. This Option shall be exercisable by delivery
to the Company of an executed written Directors Stock Option Exercise Agreement
in the form attached hereto as Exhibit A, or in such other form as may be
approved by the Committee, which shall set forth Optionee's election to exercise
some or all of this Option, the number of shares being purchased, any
restrictions imposed on the Shares and such other representations and agreements
as may be required by the Company to comply with applicable securities laws.

           5.2 Payment. Payment for the Shares purchased upon exercise of this
Option may be made (a) in cash or by check; (b) by surrender of shares of Common
Stock of the Company that have been owned by Optionee for more than six months
(and which have been paid for within the meaning of SEC Rule 144 and, if such
shares were purchased from the Company by use of a promissory note, such note
has been fully paid with respect to such shares) or were obtained by the
Optionee in the open public market, having a Fair Market Value equal to the
Exercise Price of the Option; (c) by waiver of compensation due or accrued to
Optionee for services rendered; (d) provided that a public market for the
Company's stock exists, through a "same day sale" commitment from the Optionee
and a broker-dealer that is a member of the National Association of Securities
Dealers (an "NASD DEALER") whereby the Optionee irrevocably elects to exercise
the Option and to sell a portion of the Shares so purchased to pay for the
Exercise Price and whereby the NASD Dealer irrevocably commits upon receipt of
such Shares to forward the Exercise Price directly to the Company; (e) provided
that a public market for the Company's stock exists, through a "margin"
commitment from the Optionee and a NASD Dealer whereby the Optionee irrevocably
elects to exercise the Option and to pledge the Shares so purchased to the NASD
Dealer in a margin account as security for a loan from the NASD Dealer in the
amount of the Exercise Price, and

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whereby the NASD Dealer irrevocably commits upon receipt of such Shares to
forward the Exercise Price directly to the Company; or (f) by any combination of
the foregoing.

           5.3 Withholding Taxes. Prior to the issuance of the Shares upon
exercise of this Option, Optionee shall pay or make adequate provision for any
applicable federal or state withholding obligations of the Company.

           5.4 Issuance of Shares. Provided that such notice and payment are in
form and substance satisfactory to counsel for the Company, the Company shall
cause the Shares to be issued in the name of Optionee or Optionee's legal
representative.

      6. NONTRANSFERABILITY OF OPTION. During the lifetime of the Optionee, this
Option shall be exercisable only by Optionee or by Optionee's guardian or legal
representative, unless otherwise permitted by the Committee. This Option may not
be sold, pledged, assigned, hypothecated, transferred or disposed of in any
manner other than by will or by the laws of descent and distribution.

      7. INTERPRETATION. Any dispute regarding the interpretation of this Grant
shall be submitted by Optionee or the Company to the Committee that administers
the Plan, which shall review such dispute at its next regular meeting. The
resolution of such a dispute by the Committee shall be final and binding on the
Company and on Optionee. Nothing in the Plan or this Grant shall confer on
Optionee any right to continue as a Board member.

      8. ENTIRE AGREEMENT. The Plan and the Directors Stock Option Exercise
Agreement in the form attached hereto as Exhibit A, and the terms and conditions
thereof, are incorporated herein by reference. This Grant, the Plan and the
Directors Stock Option Exercise Agreement constitute the entire agreement and
understanding of the parties hereto with respect to the subject matter hereof
and supersede all prior understandings and agreements with respect to such
subject matter.

                             INTUIT INC.

                             By:  ____________________________________________

                             Name (Typed or Printed): ________________________

                             Title:  _________________________________________

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                        ACCEPTANCE OF STOCK OPTION GRANT

      Optionee hereby acknowledges receipt of a copy of the Plan, represents
that Optionee has read and understands the terms and provisions thereof, and
accepts this Option subject to all the terms and conditions of the Plan and this
Grant. Optionee acknowledges that there may be adverse tax consequences upon
exercise of this Option or disposition of the Shares and that Optionee has been
advised by the Company that Optionee should consult a qualified tax advisor
prior to such exercise or disposition.

                                          _____________________________________
                                                      ,  Optionee

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                                    Exhibit A

                                   INTUIT INC.
                        1996 DIRECTORS STOCK OPTION PLAN
                    DIRECTORS STOCK OPTION EXERCISE AGREEMENT

I hereby elect to purchase the number of shares of Common Stock of INTUIT INC.
(the "COMPANY") as set forth below:

Optionee:                                     Number of Shares Purchased:
Social Security Number:                       Purchase Price per Share:
Address:                                      Aggregate Purchase Price:
                                              Date of Stock Option Grant:

Type of Stock Option:  Nonqualified Stock
Option

1. DELIVERY OF PURCHASE PRICE. Optionee hereby delivers to the Company the
Aggregate Purchase Price, to the extent permitted in the Directors Nonqualified
Stock Option Grant referred to above (the "GRANT") as follows (check as
applicable and complete):

[ ]   in cash or by check in the amount of $___________________________, receipt
      of which is acknowledged by the Company;

[ ]   by delivery of _______________________ fully-paid, nonassessable and
      vested shares of the Common Stock of the Company owned by Optionee for at
      least six (6) months prior to the date hereof (and which have been paid
      for within the meaning of SEC Rule 144), or obtained by Optionee in the
      open public market, and owned free and clear of all liens, claims,
      encumbrances or security interests, valued at the current Fair Market
      Value of $___________________ per share;

[ ]   by the waiver hereby of compensation due or accrued to Optionee for
      services rendered in the amount of $________;

[ ]   through a "same-day-sale" commitment, delivered herewith, from Optionee
      and the NASD Dealer named therein, in the amount of $____________; or

[ ]   through a "margin" commitment, delivered herewith from Optionee and the
      NASD Dealer named therein, in the amount of $ __________ .

2. MARKET STANDOFF AGREEMENT. Optionee, if requested by the Company and an
underwriter of Common Stock (or other securities) of the Company, agrees not to
sell or otherwise transfer or dispose of any Common Stock (or other securities)
of the Company held by Optionee during the period requested by the managing
underwriter following the effective date of a registration statement of the
Company filed under the Securities Act, provided that all officers and directors
of the Company are required to enter into similar agreements. Such agreement
shall be in writing in a form satisfactory to the Company and such underwriter.
The

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Company may impose stop-transfer instructions with respect to the shares (or
other securities) subject to the foregoing restriction until the end of such
period.

3. TAX CONSEQUENCES. OPTIONEE UNDERSTANDS THAT OPTIONEE MAY SUFFER ADVERSE TAX
CONSEQUENCES AS A RESULT OF OPTIONEE'S PURCHASE OR DISPOSITION OF THE SHARES.
OPTIONEE REPRESENTS THAT OPTIONEE HAS CONSULTED WITH ANY TAX CONSULTANT(S)
OPTIONEE DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE
SHARES AND THAT OPTIONEE IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE.

4. ENTIRE AGREEMENT. The Plan and the Grant are incorporated herein by
reference. This Agreement, the Plan and the Grant constitute the entire
agreement of the parties and supersede in their entirety all prior
understandings and agreements of the Company and Optionee with respect to the
subject matter hereof, and are governed by California law except for that body
of law pertaining to conflict of laws.

Date:____________________________         _____________________________________
                                          SIGNATURE OF OPTIONEE

The Company hereby verifies receipt and acceptance of this Agreement and its
agreement to issue the Shares referred to above, subject to its receipt of the
Aggregate Purchase Price, and taxes due, if any.

INTUIT INC.

Date:______________________________         By:________________________________

                                               ________________________________
                                               Name (Typed or Printed)

                                               ________________________________
                                               TitleJOHNSON OUTDOORS INC.
                           555 Main Street, Suite 023
                             Racine, Wisconsin 53403

                              CONSENT AND AMENDMENT

                          Dated as of September 6, 2002

                 Re: Note Agreements dated as of October 1, 1995
                                       and
                    $30,000,000 7.77% Senior Notes, Series A,
                              Due October 15, 2005
                                       and
                    $15,000,000 6.98% Senior Notes, Series B,
                              Due October 15, 2005

To the Purchasers Named
  on Schedule I hereto

Ladies and Gentlemen:

         Reference is made to the separate Note Agreements dated as of October
1, 1995, as amended by that certain First Amendment to Note Agreements dated as
of October 31, 1996, and that Second Amendment to Note Agreements dated as of
September 30, 1997, and that Third Amendment to Note Agreements dated as of
October 3, 1997, and that Fourth Amendment to Note Agreements dated as of
January 10, 2000, and that Fifth Amendment and Waiver to Note Agreements dated
as of December 13, 2001 (the Note Agreements as amended the "Note Agreements")
between Johnson Outdoors Inc., a Wisconsin corporation (the "Company"), and each
of you, under and pursuant to which $30,000,000 7.77% Senior Notes, Series A,
due October 15, 2005 and $15,000,000 6.98% Senior Notes, Series B, due October
15, 2005, of the Company were originally issued. Terms used but not otherwise
defined herein shall have the meanings set forth in the Note Agreements.

         The Company hereby requests that each of you consent to the Sale
Transaction (defined below) and agree to the amendment of the Note Agreement
relating thereto set forth below in the manner herein provided:

                                    ARTICLE 1
                              CONSENT AND AMENDMENT

         Section 1.1. Consent to Sale Transaction. The Company has advised each
of you of its plans to sell all of the stock of its Jack Wolfskin subsidiary for
net cash proceeds of approximately $61,000,000, which sale is expected to be
consummated on or prior to

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September 30, 2002 (the "Sale Transaction"). Consummation of the Sale
Transaction would exceed the limitations on sales of assets set forth in Section
5.8 of the Note Agreements. Subject to all of the terms and conditions hereof,
the Noteholders hereby consent to the Sale Transaction provided, that (a) the
Sale Transaction shall occur on or before September 30, 2002, (b) the Sale
Transaction is for consideration consisting of at least eighty-five percent
(85%) cash, (c) the sale price is for not less than fair market value (as
determined in good faith by the Company's board of directors), and (d) after
giving effect to such sale, no Default or Event of Default shall exist.

         Section 1.2. Amendment of Note Agreement. You hereby consent to the
amendments of the Note Agreement hereinafter set forth for the purpose of
permitting the Sale Transaction:

         (a) Section 5.8(b)(1) of the Note Agreement shall be amended to read as
follows:

                   (1) either (i) the net book value of such assets, when added
         to the net book value of all other assets sold, leased, transferred or
         otherwise disposed of by the Company and its Restricted Subsidiaries
         pursuant to this ss.5.8(b)(1) during the immediately preceding
         twelve-month period do not constitute (x) 10% of Consolidated Total
         Assets prior to the consummation of the sale of all of the stock of its
         Jack Wolfskin Subsidiary (the "Sale Transaction"), (y) 15% of
         Consolidated Total Assets during the 12 month period beginning with the
         date upon which the Sale Transaction is consummated, and (z) 10% of
         Consolidated Total Assets at all times thereafter (in each case
         determined as of the end of the immediately preceding fiscal quarter)
         or (ii) the sum of the portions of Consolidated Net Income contributed
         for the immediately preceding twelve-month period (each as determined
         in good faith by the chief financial officer of the Company) by (A)
         such assets, (B) each Restricted Subsidiary (or portion thereof)
         disposed of during such period and (C) other assets of the Company and
         its Restricted Subsidiaries disposed of during such period pursuant to
         this ss.5.8(b)(1) do not constitute (x) 10% of Consolidated Net Income
         prior to the consummation of the Sale Transaction, (y) the portion of
         Consolidated Net Income attributable to the assets which were sold in
         the Sale Transaction, plus 3% of Consolidated Net Income during the 12
         month period beginning with the date upon which the Sale Transaction is
         consummated, and (z) 10% of Consolidated Net Income for such period at
         all times thereafter; and

         (b) the proviso to Section 5.8 shall be amended to read as follows:

         provided, however, that notwithstanding the foregoing, any sale,
         transfer, issuance or other disposition of shares pursuant to
         ss.ss.5.8(c)(3) or 5.8(c)(4) may not be consummated if either (i) the
         net book value of the assets of such Restricted Subsidiary attributable
         to such sale, transfer, issuance or other disposition of shares when
         added to the net book value of all other assets sold, leased,
         transferred or otherwise disposed of by the Company and its Restricted
         Subsidiaries during the immediately preceding twelve-month period would
         constitute (x) 10% of Consolidated Total Assets prior to the
         consummation of the Sale Transaction, (y) 15% of Consolidated Total
         Assets during the 12 month period beginning with the date upon which
         the Sale Transaction is consummated, and (z) 10% of Consolidated Total
         Assets at all times thereafter (in each case determined as of the end
         of the immediately preceding fiscal quarter), or (ii) the portions of
         Consolidated Net Income for the immediately preceding twelve-month
         period contributed (each as determined in good faith by the chief
         financial officer of the Company) by (1) such assets, (2) each
         Restricted Subsidiary (or portion thereof) disposed of during such
         period and (3) other assets of the Company and its Restricted
         Subsidiaries sold, leased, transferred or otherwise disposed of by the
         Company and its Restricted Subsidiaries during such period would exceed
         (x) 10% of Consolidated Net Income prior to the consummation of the
         Sale Transaction, (y) the portion of Consolidated Net Income

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         attributable to the assets which were sold in the Sale Transaction,
         plus 3% of Consolidated Net Income during the 12 month period beginning
         with the date upon which the Sale Transaction is consummated, and (z)
         10% of Consolidated Net Income for such period at all times thereafter.

                                    ARTICLE 2
                         WARRANTIES AND REPRESENTATIONS

         The Company represents and warrants that as of the date hereof:

         Section 2.1. Consent and Amendment is Legal and Authorized. (a) The
execution and delivery of this Consent and Amendment by the Company and
compliance by the Company with all of the provisions of the Note Agreements --

                   (i) is within the corporate powers of the Company; and

                  (ii) will not violate any provisions of any law or any order
         of any court or governmental authority or agency and will not conflict
         with or result in any breach of any of the terms, conditions or
         provisions of, or constitute a default under the Articles of
         Incorporation or By-laws of the Company or any indenture or other
         agreement or instrument to which the Company is a party or by which it
         may be bound or result in the imposition of any Liens or encumbrances
         on any property of the Company.

         (b) The execution and delivery of this Consent and Amendment has been
duly authorized by proper corporate action on the part of the Company (no action
by the stockholders of the Company being required by law, by the Articles of
Incorporation or By-laws of the Company or otherwise); and this Consent and
Amendment has been executed and delivered by the Company and the Note Agreements
constitute the legal, valid and binding obligation, contract and agreement of
the Company enforceable in accordance with their terms.

          Section 2.2. No Defaults. Upon effectiveness of this Consent and
Amendment no Default or Event of Default will exist or be continuing.

         Section 2.3. Compensation. The Company has paid no fee or other
remuneration to any Person (other than legal fees) in connection with the
solicitation of (i) this Consent and Amendment, or (ii) any other waiver,
consent or amendment which relates to the Sale Transaction under any agreement
pursuant to which indebtedness of the Company is outstanding.

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                                    ARTICLE 3
                              CONDITIONS PRECEDENT

         This Consent and Amendment shall be effective as of September 6, 2002
upon the fulfillment by the Company of the conditions precedent set forth below.
The closing date for this Consent and Amendment (the "Closing Date") shall be
subject to the fulfillment by the Company of the following conditions precedent:

         Section 3.1. Execution and Delivery. This Consent and Amendment shall
have been executed and delivered by the Company and the holders of at least 70%
in aggregate principal amount of the Notes.

         Section 3.2. Consent of Subsidiary Guarantors. The Subsidiary
Guarantors shall have executed and delivered the Consent attached hereto as
Exhibit A.

         Section 3.3. Other Consents. The Company shall have obtained consents
and waivers under each of the other agreements pursuant to which indebtedness of
the Company is outstanding and such other consents and waivers shall be in
substantially the same form as this Consent and Amendment or shall have such
changes as shall be reasonably acceptable to you.

         Section 3.4. Payment of Special Counsel Fees. The Company shall have
paid the reasonable fees and disbursements of your special counsel for which the
Company shall have received an invoice at least one business day prior to the
Closing Date.

                                    ARTICLE 4
                                  MISCELLANEOUS

         Section 4.1. Ratification of Note Agreements. Except as herein
expressly provided, each of the Note Agreements is in all respects ratified and
confirmed. If and to the extent that any of the terms or provisions of the Note
Agreements is in conflict or inconsistent with any of the terms or provisions of
this Consent and Amendment, this Consent and Amendment shall govern.

         Section 4.2. Counterparts. This Consent and Amendment may be
simultaneously executed in any number of counterparts, and all such counterparts
together, each as an original, shall constitute but one and the same instrument.

         Section 4.3. Reference to the Note Agreements. Any and all notices,
requests, certificates and any other instruments, including the Notes, may refer
to the Note Agreements or the Note Agreements dated as of October 15, 1995,
without making specific reference to this Consent and Amendment, but all such
references shall be deemed to include this Consent and Amendment.

         Section 4.4. Governing Law. The Note Agreements and the Notes shall be
governed by and construed in accordance with Wisconsin law, including all
matters of construction, validity and performance.

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<PAGE>

         Section 4.5. Successors and Assigns. This Consent and Amendment shall
be binding upon the Company and its successors and assigns and shall inure to
the benefit of each of you and to the benefit of your successors and assigns,
including each successive holder or holders of any Notes.

                                      -5-
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         IN WITNESS WHEREOF, the Company has executed this Consent and Amendment
as of the day and year first above written.

                                          JOHNSON OUTDOORS INC.

                                          By:  /s/ Wade T. Neuharth
                                               Name:  Wade T. Neuharth
                                               Title: Treasurer

                                      -6-
<PAGE>

                                          NATIONWIDE LIFE INSURANCE COMPANY

                                          By: /s/ Mark W. Poeppelman
                                              Name:  Mark W. Poeppelman
                                              Title: Associate Vice President

                                          GREAT-WEST LIFE & ANNUITY
                                             INSURANCE COMPANY

                                          By: /s/ James G. Lowery
                                              Name:  James G. Lowery
                                              Title: Assistant Vice President
                                                      Investments

                                          By: /s/ Wayne T. Hoffman
                                              Name:  Wayne T. Hoffman
                                              Title: Senior Vice President
                                                      Investments

                                      -7-
<PAGE>

                        CONSENT OF SUBSIDIARY GUARANTORS

         The undersigned Subsidiary Guarantors, as party to the Guaranty
Agreement dated as of December 13, 2001 (the "Guaranty Agreement"), hereby (i)
consent to the Consent and Amendment dated as of even date herewith to which
this consent is attached, (ii) confirm that the Guaranty Agreement remains in
full force and effect after giving effect to the Consent and Amendment, and
(iii) represent and warrant that no defense, counterclaim or offset of any type
or nature exists under the Guaranty Agreement.

Dated as of September 6, 2002

                                          SUBSIDIARY GUARANTORS:

                                          LEISURE LIFE LIMITED
                                          EXTRASPORT, INC.
                                          OLD TOWN CANOE COMPANY
                                          UNDER SEA INDUSTRIES, INC.

                                          By:/s/ Wade T. Neuharth
                                              Name:  Wade T. Neuharth
                                              Its:   Secretary

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