Document:

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Exhibit 10(a)

LINDSAY MANUFACTURING CO.

2006 LONG-TERM INCENTIVE PLAN

(Effective February 6, 2006)

     1. Purpose. The purpose of Lindsay Manufacturing Co. 2006 Long-Term Incentive Plan (the
“Plan”) is to attract and retain employees and directors for Lindsay Manufacturing Co. and its
subsidiaries and to provide such persons with incentives and rewards for superior performance.

     2. Definitions. As used in this Plan, the following terms shall be defined as set forth
below:

     2.1 “Award” means any Options, Stock Appreciation Rights, Restricted Shares,
Deferred Shares (Restricted Stock Units), Performance Shares or Performance Units granted
under the Plan.

     2.2 “Award Agreement” means an agreement, certificate, resolution or other form of
writing or other evidence approved by the Committee which sets forth the terms and
conditions of an Award. An Award Agreement may be in an electronic medium, may be
limited to a notation on the Company’s books and records and, if approved by the
Committee, need not be signed by a representative of the Company or a Participant.

     2.3 “Base Price” means the price to be used as the basis for determining the Spread
upon the exercise of a Freestanding Stock Appreciation Right.

     2.4 “Board” means the Board of Directors of the Company.

     2.5 “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     2.6 “Committee” means the committee of the Board described in Section 4.

     2.7 “Company” means Lindsay Manufacturing Co., a Delaware corporation, or any
successor corporation.

     2.8 “Deferral Period” means the period of time during which Deferred Shares
(Restricted Stock Units) are subject to deferral limitations under Section 8.

     2.9 “Deferred Shares” or “Restricted Stock Units” means an Award pursuant to Section
8 of the right to receive Shares at the end of a specified Deferral Period.

     2.10 “Employee” means any person, including an officer, employed by the Company or a
Subsidiary.

     2.11 “Fair Market Value” means the fair market value of the Shares as determined by
the Committee from time to time. Unless otherwise determined by the Committee, the fair
market value shall be the closing price for the Shares reported on a consolidated basis
on the New York Stock Exchange on the relevant date or, if there were no sales on such
date, the closing price on the nearest preceding date on which sales occurred.

     2.12 “Freestanding Stock Appreciation Right” means a Stock Appreciation Right
granted pursuant to Section 6 that is not granted in tandem with an Option or similar
right.

     2.13 “Grant Date” means the date specified by the Committee on which a grant of an
Award shall become effective, which shall not be earlier than the date on which the
Committee takes action with respect thereto.

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     2.14 “Incentive Stock Option” means any Option that is intended to qualify as an
“incentive stock option” under Code Section 422 or any successor provision.

     2.15 “Nonemployee Director” means a member of the Board who is not an Employee.

     2.16 “Nonqualified Stock Option” means an Option that is not intended to qualify as
an Incentive Stock Option.

     2.17 “Option” means any option to purchase Shares granted under Section 5.

     2.18 “Optionee” means the person so designated in an agreement evidencing an
outstanding Option.

     2.19 “Option Price” means the purchase price payable upon the exercise of an Option.

     2.20 “Participant” means an Employee or Nonemployee Director who is selected by the
Committee to receive benefits under this Plan, provided that only Employees shall be
eligible to receive grants of Incentive Stock Options.

     2.21 “Performance Objectives” means the performance objectives established pursuant
to this Plan for Participants who have received Awards. Performance Objectives may be
described in terms of Company-wide objectives or objectives that are related to the
performance of the individual Participant or the Subsidiary, division, department or
function within the Company or Subsidiary in which the Participant is employed.
Performance Objectives may be measured on an absolute or relative basis. Relative
performance may be measured by a group of peer companies or by a financial market index.
Any Performance Objectives applicable to a Qualified Performance–Based Award shall be
limited to specified levels of or increases in the Company’s or Subsidiary’s return on
equity, diluted earnings per share, total earnings, earnings growth, return on capital,
return on assets, earnings before interest and taxes, sales, sales growth, gross margin
return on investment, increase in the fair market value of the Shares, share price
(including but not limited to, growth measures and total stockholder return), operating
income or profit, net earnings, cash flow (including, but not limited to, operating cash
flow and free cash flow), cash flow return on investment (which equals net cash flow
divided by total capital), inventory turns, financial return ratios, total return to
shareholders, market share, earnings measures/ratios, economic value added (EVA), balance
sheet measurements such as receivable turnover, internal rate of return, increase in net
present value or expense targets, working capital measurements (such as average working
capital divided by sales), customer or dealer satisfaction surveys and productivity. Any
Performance Objectives may provide for adjustments to exclude the impact of any
significant acquisitions or dispositions of businesses by the Company, one-time
non-operating charges, or accounting changes (including the early adoption of any
accounting change mandated by any governing body, organization or authority). Except in
the case of a Qualified Performance–Based Award, if the Committee determines that a
change in the business, operations, corporate structure or capital structure of the
Company, or the manner in which it conducts its business, or other events or
circumstances render the Performance Objectives unsuitable, the Committee may modify such
Performance Objectives or the related minimum acceptable level of achievement, in whole
or in part, as the Committee deems appropriate and equitable.

     2.22 “Performance Period” means a period of time established under Section 9 within
which the Performance Objectives relating to Performance Shares, Performance Units,
Deferred Shares (Restricted Stock Units) or Restricted Shares are to be achieved.

     2.23 “Performance Share” means a bookkeeping entry that records the equivalent of
one Share awarded pursuant to Section 9.

     2.24 “Performance Unit” means a bookkeeping entry that records a unit equivalent to
$1.00 awarded pursuant to Section 9.

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     2.25 “Predecessor Plan” means the Lindsay Manufacturing Co. 2001 Long-Term Incentive
Plan.

     2.26 “Qualified Performance–Based Award” means an Award or portion of an Award that
is intended to satisfy the requirements for “qualified performance–based compensation”
under Code Section 162(m). The Committee shall designate any Qualified Performance–Based
Award as such at the time of grant.

     2.27 “Restricted Shares” means Shares granted under Section 7 subject to a
substantial risk of forfeiture.

     2.28 “Shares” means shares of the Common Stock of the Company, $1.00 par value, or
any security into which Shares may be converted by reason of any transaction or event of
the type referred to in Section 11.

     2.29 “Spread” means, in the case of a Freestanding Stock Appreciation Right, the
amount by which the Fair Market Value on the date when any such right is exercised
exceeds the Base Price specified in such right or, in the case of a Tandem Stock
Appreciation Right, the amount by which the Fair Market Value on the date when any such
right is exercised exceeds the Option Price specified in the related Option.

     2.30 “Stock Appreciation Right” means a right granted under Section 6, including a
Freestanding Stock Appreciation Right or a Tandem Stock Appreciation Right.

     2.31 “Subsidiary” means a corporation or other entity in which the Company has a
direct or indirect ownership or other equity interest, provided that for purposes of
determining whether any person may be a Participant for purposes of any grant of
Incentive Stock Options, “Subsidiary” means any corporation (within the meaning of the
Code) in which the Company owns or controls directly or indirectly more than 50 percent
of the total combined voting power represented by all classes of stock issued by such
corporation at the time of such grant.

     2.32 “Tandem Stock Appreciation Right” means a Stock Appreciation Right granted
pursuant to Section 6 that is granted in tandem with an Option or any similar right
granted under any other plan of the Company.

     3. Shares Available Under the Plan.

     3.1 Reserved Shares. Subject to adjustments as provided in Sections 3.5 and 11, the
maximum number of Shares that may be (i) issued or transferred upon the exercise of
Options or Stock Appreciation Rights, (ii) awarded as Restricted Shares and released from
substantial risk of forfeiture, (iii) issued or transferred in payment of Deferred Shares
(Restricted Stock Units) or Performance Shares, or (iv) issued or transferred in payment
of dividend equivalents paid with respect to Awards, shall not in the aggregate exceed
750,000 Shares. Such Shares may be Shares of original issuance, Shares held in Treasury,
or Shares that have been reacquired by the Company.

     3.2 Reduction Ratio. For purposes of Section 3.1, the number of Shares available
for issuance under the Plan shall be reduced by two (2) Shares for each Share issued and
transferred in settlement of an Award other than an Option and one (1) Share for each
Share issued and transferred upon exercise of an Option. For purposes of Section 3.1,
shares which are withheld from Awards to satisfy withholding taxes shall be treated as
having been issued or transferred, and Shares which are tendered as payment of the Option
Price shall not be added back as additional Shares available for issuance under the Plan.

     3.3 ISO Maximum. In no event shall the number of Shares issued upon the exercise of
Incentive Stock Options exceed 750,000 Shares, subject to adjustment as provided in
Section 11.

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     3.4 Maximum Awards. No Participant may receive Awards representing more than
350,000 Shares in any rolling 36-month period, subject to adjustment as provided in
Section 11. In addition, the maximum number of Performance Units that may be granted to
a Participant in any rolling 36-month period is 5,000,000.

     3.5 Expired, Forfeited and Unexercised Awards. If any Option granted under this
Plan expires, is forfeited or becomes unexercisable for any reason without having been
exercised or paid in full, the Shares subject thereto which were not exercised shall be
available for future Awards under the Plan. Likewise, if any stock option that was
outstanding on December 12, 2005 under the Company’s Predecessor Plan or Amended and
Restated 1991 Long-Term Incentive Plan or the stock options for 350,000 shares granted to
Richard W. Parod on March 8, 2000 expires, is forfeited or becomes unexercisable for any
reason, the shares subject thereto which were not exercised shall be added to the number
of Shares which are available for Awards under Section 3.1. If any Restricted Shares or
other Awards made in Shares under this Plan that reduce the number of Shares available
for future Awards using a 2 for 1 share reduction ratio under Section 3.2 are forfeited,
such shares shall be restored for future Awards under this Plan on a 2 for 1 share
increase basis. Likewise, if any restricted stock units granted under the Predecessor
Plan are forfeited, the Shares which are forfeited shall be added to the number of shares
which are available for Awards under Section 3.1 using a 2 for 1 share increase basis.

     4. Plan Administration.

     4.1 Board Committee Administration. This Plan shall be administered by the
Compensation Committee appointed by the Board from among its members, provided that the
full Board may at any time act as the Committee. The interpretation and construction by
the Committee of any provision of this Plan or of any Award Agreement and any
determination by the Committee pursuant to any provision of this Plan or any such
agreement, notification or document shall be final and conclusive. No member of the
Committee shall be liable to any person for any such action taken or determination made
in good faith. It is intended that the Compensation Committee will consist solely of
persons who, at the time of their appointment, each qualified as a “Non-Employee
Director” under Rule 16b-3(b)(3)(i) promulgated under the Securities Exchange Act of 1934
and, to the extent that relief from the limitation of Code Section 162(m) is sought, as
an “Outside Director” under Section 1.162-27(e)(3)(i) of the Treasury Regulations issued
under Code Section 162(m).

     4.2 Committee Delegation. The Committee may delegate to one or more officers of the
Company the authority to grant Awards to Participants who arc not directors or executive
officers of the Company, provided that the Committee shall have fixed the total number of
Shares or Performance Units subject to such grants. Any such delegation shall be subject
to the limitations of Section 157(c) of the Delaware General Corporation Law.

     4.3 Awards to Non-Employee Directors. Notwithstanding any other provision of this
Plan to the contrary, all Awards to Non-Employee Directors must be authorized by the full
Board pursuant to recommendations made by the Compensation Committee.

     5. Options. The Committee may from time to time authorize grants to Participants of Options
to purchase Shares upon such terms and conditions as the Committee may determine in accordance with
the following provisions:

     5.1 Number of Shares. Each grant shall specify the number of Shares to which it
pertains.

     5.2 Option Price. Each grant shall specify an Option Price per Share, which shall
be equal to or greater than the Fair Market Value per Share on the Grant Date.

     5.3 Consideration. Each grant shall specify the form of consideration to be paid in
satisfaction of the Option Price and the manner of payment of such consideration, which
may include (i)

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cash in the form of currency or check or other cash equivalent acceptable to the
Company, (ii) nonforfeitable, unrestricted Shares owned by the Optionee which have a
value at the time of exercise that is equal to the Option Price, (iii) any other legal
consideration that the Committee may deem appropriate, including without limitation any
form of consideration authorized under Section 5.4, on such basis as the Committee may
determine in accordance with this Plan, or (iv) any combination of the foregoing.

     5.4 Payment of Option Price in Shares. On or after the Grant Date of any Option
other than an Incentive Stock Option, the Committee may determine that payment of the
Option Price may also be made in whole or in part in the form of Restricted Shares or
other Shares that are subject to risk of forfeiture or restrictions on transfer. Unless
otherwise determined by the Committee, whenever any Option Price is paid in whole or in
part by means of any of the forms of consideration specified in this Section 5.4, the
Shares received by the Optionee upon the exercise of the Options shall be subject to the
same risks of forfeiture or restrictions on transfer as those that applied to the
consideration surrendered by the Optionee, provided that such risks of forfeiture and
restrictions on transfer shall apply only to the same number of Shares received by the
Optionee as applied to the forfeitable or restricted Shares surrendered by the Optionee.

     5.5 Cashless Exercise. To the extent permitted by applicable law, the Option Price
and any applicable statutory minimum withholding taxes may be paid from the proceeds of
sale through a bank or broker on the date of exercise of some or all of the Shares to
which the exercise relates.

     5.6 Performance–Based Options. Any grant of an Option may specify Performance
Objectives that must be achieved as a condition to exercise of the Option.

     5.7 Vesting. Each Option grant may specify a period of continuous employment of the
Optionee by the Company or any Subsidiary (or, in the case of a Nonemployee Director,
service on the Board) that is necessary before the Options or installments thereof shall
become exercisable, and any grant may provide for the earlier exercise of such rights in
the event of a change in control of the Company or other similar transaction or event.

     5.8 ISO Dollar Limitation. Options granted under this Plan may be Incentive Stock
Options, Nonqualified Stock Options or a combination of the foregoing, provided that only
Nonqualified Stock Options may be granted to Nonemployee Directors. Each grant shall
specify whether (or the extent to which) the Option is an Incentive Stock Option or a
Nonqualified Stock Option. Notwithstanding any such designation, to the extent that the
aggregate Fair Market Value of the Shares with respect to which Options designated as
Incentive Stock Options are exercisable for the first time by an Optionee during any
calendar year (under all plans of the Company) exceeds $100,000, such Options shall be
treated as Nonqualified Stock Options.

     5.9 Exercise Period. No Option granted under this Plan may be exercised more than
ten years from the Grant Date.

     5.10 Award Agreement. Each grant shall be evidenced by an Award Agreement
containing such terms and provisions as the Committee may determine consistent with this
Plan.

     6. Stock Appreciation Rights. The Committee may also authorize grants to Participants of
Stock Appreciation Rights. A Stock Appreciation Right is the right of the Participant to receive
from the Company an amount, which shall be determined by the Committee and shall be expressed as a
percentage (not exceeding 100 percent) of the Spread at the time of the exercise of such right.
Any grant of Stock Appreciation Rights under this Plan shall be upon such terms and conditions as
the Committee may determine in accordance with the following provisions:

     6.1 Payment in Cash or Shares. Any grant may specify that the amount payable upon
the exercise of a Stock Appreciation Right will be paid by the Company in cash, Shares or
any

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combination thereof or may grant to the Participant or reserve to the Committee the
right to elect among those alternatives.

     6.2 Maximum SAR Payment. Any grant may specify that the amount payable upon the
exercise of a Stock Appreciation Right shall not exceed a maximum specified by the
Committee on the Grant Date.

     6.3 Exercise Period. Any grant may specify (i) a waiting period or periods before
Stock Appreciation Rights shall become exercisable and (ii) permissible dates or periods
on or during which Stock Appreciation Rights shall be exercisable.

     6.4 Change in Control. Any grant may specify that a Stock Appreciation Right may be
exercised only in the event of a change in control of the Company or other similar
transaction or event.

     6.5 Dividend Equivalents. On or after the Grant Date of any Stock Appreciation
Rights, the Committee may provide for the payment to the Participant of dividend
equivalents thereon in cash or Shares on a current, deferred or contingent basis with
respect to any or all dividends or other distributions paid by the Company.

     6.6 Award Agreement. Each grant shall be evidenced by an Award Agreement which
shall describe the subject Stock Appreciation Rights, identify any related Options, state
that the Stock Appreciation Rights are subject to all of the terms and conditions of this
Plan and contain such other terms and provisions as the Committee may determine
consistent with this Plan.

     6.7 Tandem Stock Appreciation Rights. Each grant of a Tandem Stock Appreciation
Right shall provide that such Tandem Stock Appreciation Right may be exercised only (i)
at a time when the related Option (or any similar right granted under any other plan of
the Company) is also exercisable and the Spread is positive and (ii) by surrender of the
related Option (or such other right) for cancellation.

     6.8 Exercise Period. No Stock Appreciation Right granted under this Plan may be
exercised more than ten years from the Grant Date.

     6.9 Freestanding Stock Appreciation Rights. Regarding Freestanding Stock
Appreciation Rights only:

              (a) Each grant shall specify in respect of each Freestanding Stock Appreciation
Right a Base Price per Share, which shall be equal to or greater than the Fair
Market Value on the Grant Date;

              (b) Successive grants may be made to the same Participant regardless of whether
any Freestanding Stock Appreciation Rights previously granted to such Participant
remain unexercised; and

              (c) Each grant shall specify the period or periods of continuous employment of
the Participant by the Company or any Subsidiary (or, in the case of a Nonemployee
Director, service on the Board) that are necessary before the Freestanding Stock
Appreciation Rights or installments thereof shall become exercisable, and any grant
may provide for the earlier exercise of such rights in the event of a change in
control of the Company or other similar transaction or event.

     7. Restricted Shares. The Committee may also authorize grants to Participants of Restricted
Shares upon such terms and conditions as the Committee may determine in accordance with the
following provisions:

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     7.1 Transfer of Shares. Each grant shall constitute an immediate transfer of the
ownership of Shares to the Participant in consideration of the performance of services,
subject to the substantial risk of forfeiture and restrictions on transfer hereinafter
referred to.

     7.2 Consideration. Each grant may be made without additional consideration from the
Participant or in consideration of a payment by the Participant that is less than the
Fair Market Value on the Grant Date.

     7.3 Substantial Risk of Forfeiture. Each grant shall provide that the Restricted
Shares covered thereby shall be subject to a “substantial risk of forfeiture” within the
meaning of Code Section 83 for a period to be determined by the Committee on the Grant
Date, and any grant or sale may provide for the earlier termination of such risk of
forfeiture in the event of a change in control of the Company or other similar
transaction or event.

     7.4 Dividend, Voting and Other Ownership Rights. Unless otherwise determined by the
Committee, an award of Restricted Shares shall entitle the Participant to dividend,
voting and other ownership rights during the period for which such substantial risk of
forfeiture is to continue.

     7.5 Restrictions on Transfer. Each grant shall provide that, during the period for
which such substantial risk of forfeiture is to continue, the transferability of the
Restricted Shares shall be prohibited or restricted in the manner and to the extent
prescribed by the Committee on the Grant Date. Such restrictions may include, without
limitation, rights of repurchase or first refusal in the Company or provisions subjecting
the Restricted Shares to a continuing substantial risk of forfeiture in the hands of any
transferee.

     7.6 Performance–Based Restricted Shares. Any grant or the vesting thereof may be
further conditioned upon the attainment of Performance Objectives established by the
Committee in accordance with the applicable provisions of Section 9 regarding Performance
Shares and Performance Units.

     7.7 Dividends. Any grant may require that any or all dividends or other
distributions paid on the Restricted Shares during the period of such restrictions be
automatically sequestered and paid on a deferred basis when the restrictions lapse or
reinvested on an immediate or deferred basis in additional Shares, which may be subject
to the same restrictions as the underlying Award or such other restrictions as the
Committee may determine.

     7.8 Award Agreements. Each grant shall be evidenced by an Award Agreement
containing such terms and provisions as the Committee may determine consistent with this
Plan. Unless otherwise directed by the Committee, all certificates representing
Restricted Shares, together with a stock power that shall be endorsed in blank by the
Participant with respect to such Shares, shall be held in custody by the Company until
all restrictions thereon lapse.

     8. Deferred Shares (Restricted Stock Units). The Committee may authorize grants of Deferred
Shares (Restricted Stock Units) to Participants upon such terms and conditions as the Committee may
determine in accordance with the following provisions:

     8.1 Deferred Compensation. Each grant shall constitute the agreement by the Company
to issue or transfer Shares to the Participant in the future in consideration of the
performance of services, subject to the fulfillment during the Deferral Period of such
conditions as the Committee may specify.

     8.2 Consideration. Each grant may be made without additional consideration from the
Participant or in consideration of a payment by the Participant that is less than the
Fair Market Value on the Grant Date.

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     8.3 Deferral Period. Each grant shall provide that the Deferred Shares (Restricted
Stock Units) covered thereby shall be subject to a Deferral Period, which shall be fixed
by the Committee on the Grant Date, and any grant or sale may provide for the earlier
termination of such period in the event of a change in control of the Company or other
similar transaction or event.

     8.4 Dividend Equivalents and Other Ownership Rights. During the Deferral Period,
the Participant shall not have any right to transfer any rights under the subject Award,
shall not have any rights of ownership in the Deferred Shares and shall not have any
right to vote such shares, but the Committee may on or after the Grant Date authorize the
payment of dividend equivalents on such shares in cash or additional Shares on a current,
deferred or contingent basis with respect to any or all dividends or other distributions
paid by the Company.

     8.5 Performance Objectives. Any grant or the vesting thereof may be further
conditioned upon the attainment of Performance Objectives established by the Committee in
accordance with the applicable provisions of Section 9 regarding Performance Shares and
Performance Units.

     8.6 Award Agreement. Each grant shall be evidenced by an Award Agreement containing
such terms and provisions as the Committee may determine consistent with this Plan.

     9. Performance Shares and Performance Units. The Committee may also authorize grants of
Performance Shares and Performance Units, which shall become payable to the Participant upon the
achievement of specified Performance Objectives, upon such terms and conditions as the Committee
may determine in accordance with the following provisions:

     9.1 Number of Performance Shares or Units. Each grant shall specify the number of
Performance Shares or Performance Units to which it pertains, which may be subject to
adjustment to reflect changes in compensation or other factors.

     9.2 Performance Period. The Performance Period with respect to each Performance
Share or Performance Unit shall be determined by the Committee and set forth in the Award
Agreement and may be subject to earlier termination in the event of a change in control
of the Company or other similar transaction or event.

     9.3 Performance Objectives. Each grant shall specify the Performance Objectives
that are to be achieved by the Participant.

     9.4 Threshold Performance Objectives. Each grant may specify in respect of the
specified Performance Objectives a minimum acceptable level of achievement below which no
payment will be made and may set forth a formula for determining the amount of any
payment to be made if performance is at or above such minimum acceptable level but falls
short of the maximum achievement of the specified Performance Objectives.

     9.5 Payment of Performance Shares and Units. Each grant shall specify the time and
manner of payment of Performance Shares or Performance Units that shall have been earned,
and any grant may specify that any such amount will be paid by the Company in cash,
Shares or any combination thereof or may grant to the Participant or reserve to the
Committee the right to elect among those alternatives.

     9.6 Maximum Payment. Any grant of Performance Shares may specify that the amount
payable with respect thereto may not exceed a maximum specified by the Committee on the
Grant Date. Any grant of Performance Units may specify that the amount payable, or the
number of Shares issued, with respect thereto may not exceed maximums specified by the
Committee on the Grant Date.

     9.7 Dividend Equivalents. Any grant of Performance Shares may provide for the
payment to the Participant of dividend equivalents thereon in cash or additional Shares
on a current,

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deferred or contingent basis with respect to any or all dividends or other
distributions paid by the Company.

     9.8 Adjustment of Performance Objectives. If provided in the terms of the grant,
the Committee may adjust Performance Objectives and the related minimum acceptable level
of achievement if, in the sole judgment of the Committee, events or transactions have
occurred after the Grant Date that are unrelated to the performance of the Participant
and result in distortion of the Performance Objectives or the related minimum acceptable
level of achievement.

     9.9 Award Agreement. Each grant shall be evidenced by an Award Agreement which
shall state that the Performance Shares or Performance Units are subject to all of the
terms and conditions of this Plan and such other terms and provisions as the Committee
may determine consistent with this Plan.

     10. Transferability.

     10.1 Transfer Restrictions. Except as provided in Sections 10.2 and 10.4, no Award
granted under this Plan shall be transferable by a Participant other than upon death by
will or the laws of descent and distribution or designation of a beneficiary in a form
acceptable to the Committee, and Options and Stock Appreciation Rights shall be
exercisable during a Participant’s lifetime only by the Participant or, in the event of
the Participant’s legal incapacity, by his guardian or legal representative acting in a
fiduciary capacity on behalf of the Participant under state law. Any attempt to transfer
an Award in violation of this Plan shall render such Award null and void.

     10.2 Limited Transfer Rights. The Committee may expressly provide in an Award
Agreement (or an amendment to an Award Agreement) that a Participant may transfer such
Award (other than an Incentive Stock Option), in whole or in part, to a spouse or lineal
descendant (a “Family Member”), a trust for the exclusive benefit of Family Members, a
partnership or other entity in which all the beneficial owners are Family Members, or any
other entity affiliated with the Participant that may be approved by the Committee.
Subsequent transfers of Awards shall be prohibited except in accordance with this Section
10.2. All terms and conditions of the Award, including provisions relating to the
termination of the Participant’s employment or service with the Company or a Subsidiary,
shall continue to apply following a transfer made in accordance with this Section 10.2.

     10.3 Restrictions on Transfer. Any Award made under this Plan may provide that all
or any part of the Shares that are (i) to be issued or transferred by the Company upon
the exercise of Options or Stock Appreciation Rights, upon the termination of the
Deferral Period applicable to Deferred Shares (Restricted Stock Units) or upon payment
under any grant of Performance Shares or Performance Units, or (ii) no longer subject to
the substantial risk of forfeiture and restrictions on transfer referred to in Section 7,
shall be subject to further restrictions upon transfer.

     10.4 Domestic Relations Orders. Notwithstanding the foregoing provisions of this
Section 10, any Award made under this Plan may be transferred as necessary to fulfill any
domestic relations order as defined in Code Section 414(p)(1)(B).

     11. Adjustments. The Committee may make or provide for such adjustments in the (a) number of
Shares covered by outstanding Options, Stock Appreciation Rights, Deferred Shares (Restricted Stock
Units), Restricted Shares and Performance Shares granted hereunder, (b) prices per share applicable
to such Options and Stock Appreciation Rights, and (c) kind of shares covered thereby (including
shares of another issuer), as the Committee in its sole discretion may in good faith determine to
be equitably required in order to prevent dilution or enlargement of the rights of Participants
that otherwise would result from (x) any stock dividend, stock split, combination or exchange of
Shares, recapitalization or other change in the capital structure of the Company, (y) any merger,
consolidation, spin–off, spin–out, split–off, split–up, reorganization, partial or complete
liquidation or other distribution of assets (other than a normal cash dividend), issuance of rights
or warrants to purchase securities or (z) any other corporate transaction or event having an effect
similar to any of the foregoing. Moreover, in the event of any such transaction or event, the
Committee may provide in substitution for any or all outstanding Awards under

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this Plan such alternative consideration as it may in good faith determine to be equitable
under the circumstances and may require in connection therewith the cancellation or surrender of
all Awards so replaced. The Committee may also make or provide for such adjustments in each of the
limitations specified in Section 3 as the Committee in its sole discretion may in good faith
determine to be appropriate in order to reflect any transaction or event described in this Section
11.

     11.1 Change in Control. The Committee shall also be authorized to determine and
specify in any Award Agreement provisions which shall apply upon a change in control of
the Company and for such purposes to define a change in control of the Company. Unless
otherwise defined in an Award Agreement, a “Change in Control” of the Company for
purposes of Awards made under this Plan shall mean any of the following events: (a) a
dissolution or liquidation of the Company, (b) a sale of substantially all of the assets
of the Company, (c) a merger or combination involving the Company after which the owners
of Common Stock of the Company immediately prior to the merger or combination own less
than 50% of the outstanding shares of common stock of the surviving corporation, or (d)
the acquisition of more than 50% of the outstanding shares of Common Stock of the
Company, whether by tender offer or otherwise, by any “person” (as such term is used in
Section 13(d) and 14(d) of the Securities Exchange Act of 1934) other than a trustee or
other fiduciary holding securities under an employee benefit plan of the Company. The
decision of the Committee as to whether a Change in Control has occurred shall be
conclusive and binding.

     11.2 Cash-Out. In connection with any change in control, the Committee, without the
consent of Participants, may determine that (i) any or all outstanding Options or Stock
Appreciation Rights shall be automatically exercised and cashed out in exchange for a
cash payment for such Options and Stock Appreciation Rights which may not exceed the
Spread between the Option Price or Base Price and Fair Market Value on the date of
exercise, and (ii) any or all other outstanding Awards shall be cashed out in exchange
for such consideration as the Committee may in good faith determine to be equitable under
the circumstances.

     12. Fractional Shares. The Company shall not be required to issue any fractional Shares
pursuant to this Plan. The Committee may provide for the elimination of fractions or for the
settlement thereof in cash.

     13. Withholding Taxes. To the extent that the Company is required to withhold federal, state,
local or foreign taxes in connection with any payment made or benefit realized by a Participant or
other person under this Plan, it shall be a condition to the receipt of such payment or the
realization of such benefit that the Participant or such other person make arrangements
satisfactory to the Company for payment of all such taxes required to be withheld. At the
discretion of the Committee, such arrangements may include relinquishment of a portion of such
benefit. The Fair Market Value of any Shares withheld or tendered to satisfy any such tax
withholding obligations shall not exceed the amount determined by the applicable minimum statutory
tax withholding rates.

     14. Certain Terminations of Employment, Hardship and Approved Leaves of Absence.
Notwithstanding any other provision of this Plan to the contrary, in the event of termination of
employment by reason of death, disability, normal retirement, early retirement with the consent of
the Company or leave of absence approved by the Company, or in the event of hardship or other
special circumstances, of a Participant who holds an Option or Stock Appreciation Right that is not
immediately and fully exercisable, any Restricted Shares as to which the substantial risk of
forfeiture or the prohibition or restriction on transfer has not lapsed, any Deferred Shares
(Restricted Stock Units) as to which the Deferral Period is not complete, any Performance Shares or
Performance Units that have not been fully earned, or any Shares that are subject to any transfer
restriction pursuant to Section 10.3, the Committee may in its sole discretion take any action that
it deems to be equitable under the circumstances or in the best interests of the Company,
including, without limitation, waiving or modifying any limitation or requirement with respect to
any Award under this Plan. However, any such actions taken by the Committee must comply with the
provisions of Section 21 and the requirements of Code Section 409A.

     15. Foreign Participants. In order to facilitate the making of any grant or combination of
grants under this Plan, the Committee may provide for such special terms for Awards to Participants
who are foreign nationals, or who are employed by or perform services for the Company or any
Subsidiary outside of the United States of America, as the Committee may consider necessary or
appropriate to accommodate differences in local

69

 

law, tax policy or custom. Moreover, the Committee may approve such supplements to, or
amendments, restatements or alternative versions of, this Plan as it may consider necessary or
appropriate for such purposes without thereby affecting the terms of this Plan as in effect for any
other purpose, provided that no such supplements, amendments, restatements or alternative versions
shall include any provisions that are inconsistent with the terms of this Plan, as then in effect,
unless this Plan could have been amended to eliminate such inconsistency without further approval
by the stockholders of the Company.

     16. Amendments and Other Matters.

     16.1 Plan Amendments. This Plan may be amended from time to time by the Board, but
no such amendment shall increase any of the limitations specified in Section 3, other
than to reflect an adjustment made in accordance with Section 11, without the further
approval of the stockholders of the Company. The Board may condition any amendment on
the approval of the stockholders of the Company if such approval is necessary or deemed
advisable with respect to the applicable listing or other requirements of a national
securities exchange or other applicable laws, policies or regulations.

     16.2 Award Deferrals. The Committee may permit Participants to elect to defer the
issuance of Shares or the settlement of Awards in cash under the Plan pursuant to such
rules, procedures or programs as it may establish for purposes of this Plan. In the case
of an award of Restricted Shares, the deferral may be effected by the Participant’s
agreement to forego or exchange his of her award of Restricted Shares and receive an
award of Deferred Shares (Restricted Stock Units). The Committee also may provide that
deferred settlements include the payment or crediting of interest on the deferral
amounts, or the payment or crediting of dividend equivalents where the deferral amounts
are denominated in Shares. However, any Award deferrals which the Committee permits must
comply with the provisions of Section 21 and the requirements of Code Section 409A.

     16.3 Conditional Awards. The Committee may condition the grant of any award or
combination of Awards under the Plan on the surrender or deferral by the Participant of
his or her right to receive a cash bonus or other compensation otherwise payable by the
Company or any Subsidiary to the Participant, provided that any such grant must comply
with the provisions of Section 21 and the requirements of Code Section 409A.

     16.4 Repricing Prohibited. The Committee shall not reprice any outstanding Option,
directly or indirectly, without the approval of the stockholders of the Company, provided
that nothing herein shall prevent the Committee from taking any action provided for in
Section 11. For this purpose, repricing of an Option shall include (i) reducing the
exercise price of an Option or (ii) cancelling or settling for cash or other
consideration an outstanding Option and granting a replacement Option at a lower exercise
price, within six months before or after the cancellation.

     16.5 No Employment Right. This Plan shall not confer upon any Participant any right
with respect to continuance of employment or other service with the Company or any
Subsidiary and shall not interfere in any way with any right that the Company or any
Subsidiary would otherwise have to terminate any Participant’s employment or other
service at any time.

     16.6 Tax Qualification. To the extent that any provision of this Plan would prevent
any Option that was intended to qualify under particular provisions of the Code from so
qualifying, such provision of this Plan shall be null and void with respect to such
Option, provided that such provision shall remain in effect with respect to other
Options, and there shall be no further effect on any provision of this Plan.

     16.7 Amendments to Comply with Laws, Regulations or Rules. Notwithstanding any
other provision of the Plan or any Award Agreement to the contrary, in its sole and
absolute discretion and without the consent of any Participant, the Board may amend the
Plan, and the Committee may amend any Award Agreement, to take effect retroactively or
otherwise as it deems necessary or advisable for the purpose of conforming the Plan or
such Award Agreement to any present or future law, regulation or rule applicable to the
Plan, including, but not limited to, Code Section 409A.

70

 

     17. Effective Date. This Plan shall become effective upon its approval by the stockholders of
the Company.

     18. Termination. This Plan shall terminate on the tenth anniversary of the date upon which it
is approved by the stockholders of the Company, and no Award shall be granted after that date.

     19. Limitations Period. Any person who believes he or she is being denied any benefit or
right under the Plan may file a written claim with the Committee. Any claim must be delivered to
the Committee within forty-five (45) days of the specific event giving rise to the claim. Untimely
claims will not be processed and shall be deemed denied. The Committee, or its designated agent,
will notify the Participant of its decision in writing as soon as administratively practicable.
Claims not responded to by the Committee in writing within ninety (90) days of the date the written
claim is delivered to the Committee shall be deemed denied. The Committee’s decision shall be
final, conclusive and binding on all persons. No lawsuit relating to the Plan may be filed before
a written claim is filed with the Committee and is denied or deemed denied, and any lawsuit must be
filed within one year of such denial or deemed denial or be forever barred.

     20. Governing Law. The validity, construction and effect of this Plan and any Award hereunder
will be determined in accordance with the Delaware General Corporation Law, except to the extent
governed by applicable federal law.

     21. Compliance with Code Section 409A.

     21.1 Awards Subject to Section 409A. The provisions of this Section 21 shall apply
to any Award or portion thereof that is or becomes subject to Code Section 409A (“Section
409A”), notwithstanding any provision to the contrary contained in the Plan or the Award
Agreement applicable to such Award. Awards subject to Section 409A include, without
limitation:

     (a) Any Nonstatutory Stock Option or Stock Appreciation Right that permits the
deferral of compensation other than the deferral of recognition of income until the
exercise of the Award.

     (b) Any other Award that either (i) provides by its terms for settlement of all
or any portion of the Award on one or more dates following the Short-Term Deferral
Period (as defined below) or (ii) permits or requires the Participant to elect one
or more dates on which the Award will be settled.

Subject to any applicable U.S. Treasury Regulations promulgated pursuant to Section 409A
or other applicable guidance, the term “Short-Term Deferral Period” means the period
ending on the later of (i) the date that is two and one-half months from the end of the
Company’s fiscal year in which the applicable portion of the Award is no longer subject
to a substantial risk of forfeiture or (ii) the date that is two and one-half months from
the end of the Participant’s taxable year in which the applicable portion of the Award is
no longer subject to a substantial risk of forfeiture. For this purpose, the term
“substantial risk of forfeiture” shall have the meaning set forth in any applicable U.S.
Treasury Regulations promulgated pursuant to Section 409A or other applicable guidance.

     21.2 Deferral and/or Distribution Elections. Except as otherwise permitted or
required by Section 409A or any applicable U.S. Treasury Regulations promulgated pursuant
to Section 409A or other applicable guidance, the following rules shall apply to any
deferral and/or distribution elections (each, an “Election”) that may be permitted or
required by the Committee pursuant to an Award subject to Section 409A:

     (a) All Elections must be in writing and specify the amount of the distribution
in settlement of an Award being deferred, as well as the time and form of
distribution as permitted by this Plan.

71

 

     (b) All Elections shall be made by the end of the Participant’s taxable year
prior to the year in which services commence for which an Award may be granted to
such Participant; provided, however, that if the Award qualifies as
“performance-based compensation” for purposes of Section 409A and is based on
services performed over a period of at least twelve (12) months, then the Election
may be made no later than six (6) months prior to the end of such period.

     (c) Elections shall continue in effect until a written election to revoke or
change such Election is received by the Company, except that a written election to
revoke or change such Election must be made prior to the last day for making an
Election determined in accordance with paragraph (b) above or as permitted by
Section 21.3.

     21.3 Subsequent Elections. Any Award subject to Section 409A which permits a
subsequent Election to delay the distribution or change the form of distribution in
settlement of such Award shall comply with the following requirements:

     (a) No subsequent Election may take effect until at least twelve (12) months
after the date on which the subsequent Election is made;

     (b) Each subsequent Election related to a distribution in settlement of an
Award not described in Section 21.4(b), 21.4(c) or 21.4(f) must result in a delay of
the distribution for a period of not less than five (5) years from the date such
distribution would otherwise have been made; and

     (c) No subsequent Election related to a distribution pursuant to Section
21.4(d) shall be made less than twelve (12) months prior to the date of the first
scheduled payment under such distribution.

     21.4 Distributions Pursuant to Deferral Elections. No distribution in settlement of
an Award subject to Section 409A may commence earlier than:

     (a) Separation from service (as determined pursuant to U.S. Treasury
Regulations or other applicable guidance);

     (b) The date the Participant becomes Disabled (as defined below);

     (c) Death;

     (d) A specified time (or pursuant to a fixed schedule) that is either (i)
specified by the Committee upon the grant of an Award and set forth in the Award
Agreement evidencing such Award or (ii) specified by the Participant in an Election
complying with the requirements of Section 21.2 and/or 21.3, as applicable;

     (e) To the extent provided by U.S. Treasury Regulations promulgated pursuant
to Section 409A or other applicable guidance, a change in the ownership or effective
control or the Company or in the ownership of a substantial portion of the assets of
the Company; or

     (f) The occurrence of an Unforeseeable Emergency (as defined below).

Notwithstanding anything else herein to the contrary, to the extent that a Participant is
a “Specified Employee” (as defined in Code Section 409A(a)(2)(B)(i)), no distribution
pursuant to Section 21.4(a) in settlement of an Award subject to Section 409A may be made
before the date which is six (6) months after such Participant’s date of separation from
service, or, if earlier, the date of the Participant’s death.

72

 

     21.5 Unforeseeable Emergency. The Committee shall have the authority to provide in
the Award Agreement evidencing any Award subject to Section 409A for distribution in
settlement of all or a portion of such Award in the event that a Participant establishes,
to the satisfaction of the Committee, the occurrence of an Unforeseeable Emergency (as
defined in Section 409A). In such event, the amount(s) distributed with respect to such
Unforeseeable Emergency cannot exceed the amounts necessary to satisfy such Unforeseeable
Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of such
distribution(s), after taking into account the extent to which such hardship is or may be
relieved through reimbursement or compensation by insurance or otherwise or by
liquidation of the Participant’s assets (to the extent the liquidation of such assets
would not itself cause severe financial hardship). All distributions with respect to an
Unforeseeable Emergency shall be made in a lump sum as soon as practicable following the
Committee’s determination that an Unforeseeable Emergency has occurred. The occurrence
of an Unforeseeable Emergency shall be judged and determined by the Committee. The
Committee’s decision with respect to whether an Unforeseeable Emergency has occurred and
the manner in which, if at all, the distribution in settlement of an Award shall be
altered or modified, shall be final, conclusive, and not subject to approval or appeal.

     21.6 Disabled. The Committee shall have the authority to provide in the Award
Agreement evidencing any Award subject to Section 409A for distribution in settlement of
such Award in the event that the Participant becomes Disabled. A Participant shall be
considered “Disabled” if either:

     (a) the Participant is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of
not less than twelve (12) months, or

     (b) the Participant is, by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than twelve (12) months, receiving income
replacement benefits for a period of not less than three (3) months under an
accident and health plan covering employees of the Participant’s employer.

All distributions payable by reason of a Participant becoming Disabled shall be paid in a
lump sum or in periodic installments as established by the Participant’s Election,
commencing as soon as practicable following the date the Participant becomes Disabled.
If the Participant has made no Election with respect to distributions upon becoming
Disabled, all such distributions shall be paid in a lump sum as soon as practicable
following the date the Participant becomes Disabled.

     21.7 Death. If a Participant dies before complete distribution of amounts payable
upon settlement of an Award subject to Section 409A, such undistributed amounts shall be
distributed to his or her beneficiary under the distribution method for death established
by the Participant’s Election as soon as administratively possible following receipt by
the Committee of satisfactory notice and confirmation of the Participant’s death. If the
Participant has made no Election with respect to distributions upon death, all such
distributions shall be paid in a lump sum as soon as practicable following the date of
the Participant’s death.

     21.8 No Acceleration of Distributions. Notwithstanding anything to the contrary
herein, this Plan does not permit the acceleration of the time or schedule of any
distribution under this Plan in settlement of an Award subject to Section 409A, except as
provided by Section 409A and/or U.S. Treasury Regulations promulgated pursuant to Section
409A or other applicable guidance.

     22. Predecessor Plan. Upon stockholder approval of this Plan pursuant to Section 17, no new
awards will be granted under the Predecessor Plan, and any awards for Shares granted under the
Predecessor Plan after December 12, 2005 will reduce the number of Shares available for Awards
under Section 3.1 using the share reduction ratios set forth in Section 3.2.

73

 

LINDSAY MANUFACTURING CO.

Restricted Stock Units

Granted Pursuant to the

2006 Long-Term Incentive Plan 

Agreement with U.S. Employee

Lindsay Manufacturing Co. (“Company”) grants to you, as a matter of separate inducement and not in
lieu of salary or other compensation for services, the following award of Restricted Stock Units
(“Units”) pursuant to the Lindsay Manufacturing Co. 2006 Long-Term Incentive Plan (“Plan”). Except
as otherwise specified in the attached Terms and Conditions or herein, vesting of the Units is
conditioned upon you being continuously employed by the Company or a subsidiary from the Grant Date
to each relevant vesting date.

Restricted Stock Units

You are awarded the following Restricted Stock Units. Each Unit is the equivalent of one Share of
Common Stock and will be distributed on the relevant vesting date (or as soon thereafter as
practicable) in the form of Shares of Common Stock. The Units will vest ratably (one-third each
year) on November 1 of the next three calendar years following the Grant Date.

Grantee:                                                             

Grant Date:                                                             

Units Awarded:                                                             

You acknowledge that you have received this Agreement with the attached Terms and Conditions, and
you agree to accept and be bound by the provisions of the Plan and this Agreement including the
Terms and Conditions effective as of the Grant Date.

LINDSAY MANUFACTURING CO.

By:                                                             

I have received a copy of LMC Policy No. 14 concerning “Notice of Confidentiality of
Information/Restrictions on “Trading” in Stock” and understand and agree to comply with said
Policy.

GRANTEE

By:                                                             

       Name:

74

 

GRANT DATE: _________________

LINDSAY MANUFACTURING CO.

2006 LONG-TERM INCENTIVE PLAN

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS

GRANTED TO U.S. EMPLOYEES

These terms and condition are made part of the Agreement dated as of the Grant Date indicated above
awarding Restricted Stock Units pursuant to the terms of the Lindsay Manufacturing Co. 2006
Long-Term Incentive Plan (“Plan”). All capitalized terms used herein shall have the meaning set
forth in the Plan, unless the Agreement (including these terms and conditions) specifies a
different meaning.

     Section 1. Form and Purpose of Award. Each Restricted Stock Unit (“Unit”)
represents a non-transferable right to receive one Share of the Company’s Common Stock ($1.00 par
value) on the applicable vesting date (or as soon thereafter as practicable). The purpose of this
award is to motivate your future performance and to align your interests with those of the Company
and its shareholders.

     Section 2. Special Cash Dividend Equivalents. If any special cash dividend (other
than regular quarterly dividends) is paid by the Company on its Common Stock while Restricted Stock
Units under this award are outstanding, you will be credited with additional Units, the number of
which shall be determined by first (i) multiplying the number of your outstanding Units on the
payment date of the special cash dividend (“Dividend Payment Date”) by the per share dollar amount
of the special cash dividend, and then (ii) dividing the resulting amount by the Fair Market Value
of a Share of Common Stock on the Dividend Payment Date (such additional Units being referred to
herein as “Special Cash Dividend Equivalents”). Additional Units which are credited as Special
Cash Dividend Equivalents will be treated for purposes of vesting and payment (and any other
applicable terms and conditions) as if part of the original Units in relation to which such
additional Units are credited as Special Cash Dividend Equivalents. No cash payment or dividend
equivalent shall be payable in connection with any regular quarterly dividends which are paid by
the Company on its Common Stock.

     Section 3. Vesting Dates/Vesting Periods.

     3.1 The Units will vest according to the vesting schedule in your Agreement, provided that
you are continuously employed by the Company through the relevant vesting date or you meet the
requirements for vesting described below. The period from the Grant Date to each vesting date will
be a separate vesting period.

     3.2 All outstanding Units shall become fully vested and immediately payable upon a Change
in Control (as such term is defined in the Plan) of the Company.

     3.3 All outstanding Units shall become fully vested and immediately payable if your
employment with the Company is terminated due to your death or permanent and total disability. In
the event of your death, your outstanding Units will be distributed in Shares of Common Stock to
your designated beneficiary on file with the Company, or if no beneficiary has been designated or
survives you, then to your estate.

     3.4 Except as provided in this Section 3, all of your outstanding Units shall be forfeited
if your employment with the Company terminates for any reason (including retirement) prior to the
relevant vesting date set forth in the vesting schedule in your Agreement.

     Section 4. Withholding Taxes. The Company will retain from each distribution the
number of Shares of Common Stock required to satisfy the statutory minimum required amount of
Federal and State tax withholding obligations.

75

 

     Section 5. Miscellaneous Provisions.

     5.1 Restricted Stock Units do not convey the rights of ownership of Shares of Common Stock
and do not carry voting rights. Shares of Common Stock will not be issued to you until Units have
vested, and Shares will be issued in accordance with the Company’s procedures for issuing Common
Stock. The Company’s obligation hereunder is unfunded.

     5.2 All outstanding Units shall be appropriately adjusted as determined by the Committee in
the event of any stock dividends, stock splits or reverse stock splits of Common Stock of the
Company. No fractional Shares of Common Stock will be issued. The Company may make such
adjustments as it deems appropriate to eliminate fractional Share interests.

     5.3 The Agreement may only be amended in writing with the approval of the Committee. The
Agreement will be binding upon any successor in interest to Lindsay Manufacturing Co. by merger or
otherwise.

     5.4 Nothing contained in the Agreement shall confer on the Grantee any right with respect
to continuation of employment with the Company, or interfere with the right of the Company to
terminate at any time and for any reason the employment of the Grantee.

     5.5 The Units and rights under the Agreement may not be sold, conveyed, assigned,
transferred, pledged or otherwise disposed of or encumbered at any time, except upon the Grantee’s
death by will or the laws of descent and distribution or written designation of a beneficiary by
the Grantee in a form acceptable to the Company. Any attempted action in violation of this
paragraph shall be null, void and without effect.

     5.6 The Company intends that the grant of Units under the Agreement will not be subject to
Section 409A of the Internal Revenue Code of 1986, as amended, because all payments with respect to
the Units will qualify for the exception from coverage under Section 409A for short-term deferrals.
The Agreement shall be interpreted in a manner which is consistent with the foregoing intent. The
Committee may not take any action or exercise any discretion under the Plan in a manner which will
cause the Units granted under the Agreement to be subject to Code Section 409A. Each payment which
becomes due under the Agreement shall be made as soon as practicable on or after the date when the
right to receive the payment vests. The latest date for any payment shall be the end of the
calendar year in which the Grantee’s right to receive the payment becomes vested, or if this is not
practicable, not later than the 15th day of the third month following the end of such
calendar year.

76

 

LINDSAY MANUFACTURING CO.

Restricted Stock Units

Granted Pursuant to the

2006 Long-Term Incentive Plan 

Agreement with Director

Lindsay Manufacturing Co. (“Company”) grants to you, as a matter of separate inducement and not in
lieu of other compensation for services, the following award of Restricted Stock Units (“Units”)
pursuant to the Lindsay Manufacturing Co. 2006 Long-Term Incentive Plan (“Plan”). Except as
otherwise specified in the attached Terms and Conditions or herein, vesting of the Units is
conditioned upon you continuing to serve as a Director of the Company from the Grant Date to the
vesting date.

Restricted Stock Units

You are awarded the following Restricted Stock Units. Each Unit is the equivalent of one Share of
Common Stock and will be distributed on the vesting date (or as soon thereafter as practicable) in
the form of Shares of Common Stock. The Units will vest on November 1 next following the Grant
Date.

Grantee:                                                             

Grant Date:                                                             

Units Awarded:                                                             

You acknowledge that you have received this Agreement with the attached Terms and Conditions, and
you agree to accept and be bound by the provisions of the Plan and this Agreement including the
Terms and Conditions effective as of the Grant Date.

LINDSAY MANUFACTURING CO.

By:                                                             

I have received a copy of LMC Policy No. 14 concerning “Notice of Confidentiality of
Information/Restrictions on “Trading” in Stock” and understand and agree to comply with said
Policy.

GRANTEE

By:                                                             

       Name:

77

 

GRANT DATE: _________________

LINDSAY MANUFACTURING CO.

2006 LONG-TERM INCENTIVE PLAN

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS

GRANTED TO DIRECTORS

These terms and condition are made part of the Agreement dated as of the Grant Date indicated above
awarding Restricted Stock Units pursuant to the terms of the Lindsay Manufacturing Co. 2006
Long-Term Incentive Plan (“Plan”). All capitalized terms used herein shall have the meaning set
forth in the Plan, unless the Agreement (including these terms and conditions) specifies a
different meaning.

     Section 1. Form and Purpose of Award. Each Restricted Stock Unit (“Unit”)
represents a non-transferable right to receive one Share of the Company’s Common Stock ($1.00 par
value) on the vesting date (or as soon thereafter as practicable). The purpose of this award is to
motivate your future performance and to align your interests with those of the Company and its
shareholders.

     Section 2. Special Cash Dividend Equivalents. If any special cash dividend (other
than regular quarterly dividends) is paid by the Company on its Common Stock while Restricted Stock
Units under this award are outstanding, you will be credited with additional Units, the number of
which shall be determined by first (i) multiplying the number of your outstanding Units on the
payment date of the special cash dividend (“Dividend Payment Date”) by the per share dollar amount
of the special cash dividend, and then (ii) dividing the resulting amount by the Fair Market Value
of a Share of Common Stock on the Dividend Payment Date (such additional Units being referred to
herein as “Special Cash Dividend Equivalents”). Additional Units which are credited as Special
Cash Dividend Equivalents will be treated for purposes of vesting and payment (and any other
applicable terms and conditions) as if part of the original Units in relation to which such
additional Units are credited as Special Cash Dividend Equivalents. No cash payment or dividend
equivalent shall be payable in connection with any regular quarterly dividends which are paid by
the Company on its Common Stock.

     Section 3. Vesting Dates/Vesting Periods.

     3.1 The Units will vest on November 1 next following the Grant Date, provided that you are
continuing to serve as a Director of the Company through the vesting date or you meet the
requirements for vesting described below.

     3.2 All outstanding Units shall become fully vested and immediately payable upon a Change
in Control (as such term is defined in the Plan) of the Company.

     3.3 All outstanding Units shall become fully vested and immediately payable if your service
as a Director of the Company is terminated due to your death or permanent and total disability. In
the event of your death, your outstanding Units will be distributed in Shares of Common Stock to
your designated beneficiary on file with the Company, or if no beneficiary has been designated or
survives you, then to your estate.

     3.4 Except as provided in this Section 3, all of your outstanding Units shall be forfeited
if your service as a Director of the Company terminates for any reason (including retirement) prior
to the vesting date set forth in Section 3.1 above.

     Section 4. No Withholding Taxes. There are no withholding taxes applicable to this
award.

     Section 5. Miscellaneous Provisions.

     5.1 Restricted Stock Units do not convey the rights of ownership of Shares of Common Stock
and do not carry voting rights. Shares of Common Stock will not be issued to you until Units have
vested, and

78

 

Shares will be issued in accordance with the Company’s procedures for issuing Common Stock.
The Company’s obligation hereunder is unfunded.

     5.2 All outstanding Units shall be appropriately adjusted as determined by the Committee in
the event of any stock dividends, stock splits or reverse stock splits of Common Stock of the
Company. No fractional Shares of Common Stock will be issued. The Company may make such
adjustments as it deems appropriate to eliminate fractional Share interests.

     5.3 The Agreement may only be amended in writing with the approval of the Board upon
recommendation of the Committee. The Agreement will be binding upon any successor in interest to
Lindsay Manufacturing Co. by merger or otherwise.

     5.4 Nothing contained in the Agreement shall confer on the Grantee any right with respect
to continuation of service as a Director of the Company.

     5.5 The Units and rights under the Agreement may not be sold, conveyed, assigned,
transferred, pledged or otherwise disposed of or encumbered at any time, except upon the Grantee’s
death by will or the laws of descent and distribution or written designation of a beneficiary by
the Grantee in a form acceptable to the Company. Any attempted action in violation of this
paragraph shall be null, void and without effect.

     5.6 The Company intends that the grant of Units under the Agreement will not be subject to
Section 409A of the Internal Revenue Code of 1986, as amended, because all payments with respect to
the Units will qualify for the exception from coverage under Section 409A for short-term deferrals.
The Agreement shall be interpreted in a manner which is consistent with the foregoing intent. The
Committee and Board may not take any action or exercise any discretion under the Plan in a manner
which will cause the Units granted under the Agreement to be subject to Code Section 409A. Each
payment which becomes due under the Agreement shall be made as soon as practicable on or after the
date when the right to receive the payment vests. The latest date for any payment shall be the end
of the calendar year in which the Grantee’s right to receive the payment becomes vested, or if this
is not practicable, not later than the 15th day of the third month following the end of
such calendar year.

79

 

LINDSAY MANUFACTURING CO.

Performance Stock Units

Granted Pursuant to the

2006 Long-Term Incentive Plan 

Agreement with U.S. Employee

Lindsay Manufacturing Co. (“Company”) grants to you, as a matter of separate inducement and not in
lieu of salary or other compensation for services, the following award of Performance Stock Units
(“Units”) pursuant to the Lindsay Manufacturing Co. 2006 Long-Term Incentive Plan (“Plan”). Except
as otherwise specified in the attached Appendix A or Terms and Conditions or herein, vesting of the
Units is conditioned upon you being continuously employed by the Company or a subsidiary from the
Grant Date to the vesting date.

Performance Stock Units

You are awarded the target number of Performance Stock Units set forth below. Each Unit is the
equivalent of one Share of Common Stock. You can earn up to a maximum of [ ] of the target number
of Units awarded based on the performance goals and the payout schedule for the Performance Period
which are set forth in Appendix A and Chart A to this Agreement. As soon as practicable after the
end of the Performance Period, the Compensation Committee of the Board of Directors of the Company
(the “Committee”) will determine and certify in writing the extent to which Units have been earned
based on the Company’s actual performance in relation to the established performance goals and the
payout schedule set forth in Appendix A and Chart A. All Units which the Committee determines have
been earned will be distributed on the vesting date (or as soon thereafter as practicable) in the
form of Shares of Common Stock. The Units will vest on November 1 following the end of the
Performance Period.

Grantee:                                                             

Grant Date:                                                             

Target Number of Units Awarded:                                                             

Performance Period:

You acknowledge that you have received this Agreement with the attached Terms and Conditions, and
you agree to accept and be bound by the provisions of the Plan and this Agreement including the
Terms and Conditions effective as of the Grant Date.

LINDSAY MANUFACTURING CO.

By:                                                             

I have received a copy of LMC Policy No. 14 concerning “Notice of Confidentiality of
Information/Restrictions on “Trading” in Stock” and understand and agree to comply with said
Policy.

I acknowledge and agree that if any of the Company’s financial statements are restated, as a result
of errors, omissions or fraud, the Company may recover from me the portion of any annual or
long-term incentive payment that was made to me within three years preceding the restatement which
exceeded the amount that would have been payable had the financial results been initially filed as
restated. The Company may recover any such amount (i) by seeking repayment from me, (ii) by
reducing the amount that would otherwise be payable to me under any

80

 

compensation plan, program or arrangement of the Company, (iii) by withholding payment of future
increases in compensation or grants of compensatory awards, or (iv) by any combination of the
foregoing or otherwise.

	 	 	 	 	 
	 	GRANTEE

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	 	 
	 

81

 

LINDSAY MANUFACTURING CO.

2006 LONG-TERM INCENTIVE PLAN

TERMS AND CONDITIONS OF PERFORMANCE STOCK UNITS

GRANTED TO U.S. EMPLOYEES

These terms and condition are made part of the Agreement for the Performance Period indicated above
awarding Performance Stock Units pursuant to the terms of the Lindsay Manufacturing Co. 2006
Long-Term Incentive Plan (“Plan”). All capitalized terms used herein shall have the meaning set
forth in the Plan, unless the Agreement (including these terms and conditions) specifies a
different meaning.

     Section 1. Form and Purpose of Award. Each Performance Stock Unit (“Unit”)
represents a non-transferable right to receive one Share of the Company’s Common Stock ($1.00 par
value) on the vesting date (or as soon thereafter as practicable). The number of Units which
become payable to you will be determined pursuant to the provisions of the Agreement. The purpose
of this award is to motivate your future performance and to align your interests with those of the
Company and its shareholders.

     Section 2. Special Cash Dividend Equivalents. If any special cash dividend (other
than regular quarterly dividends) is paid by the Company on its Common Stock while Performance
Stock Units under this award are outstanding, you will be credited with additional Units, the
number of which shall be determined by first (i) multiplying the number of your outstanding Units
on the payment date of the special cash dividend (“Dividend Payment Date”) which become payable to
you under the provisions of the Agreement by the per share dollar amount of the special cash
dividend, and then (ii) dividing the resulting amount by the Fair Market Value of a Share of Common
Stock on the Dividend Payment Date (such additional Units being referred to herein as “Special Cash
Dividend Equivalents”). Additional Units which are credited as Special Cash Dividend Equivalents
will be treated for purposes of vesting and payment (and any other applicable terms and conditions)
as if part of the original Units in relation to which such additional Units are credited as Special
Cash Dividend Equivalents. No cash payment or dividend equivalent shall be payable in connection
with any regular quarterly dividends which are paid by the Company on its Common Stock.

     Section 3. Vesting Dates.

     3.1 All outstanding Units that are earned under the provisions of the Agreement will vest on
the date set forth in your Agreement, provided that you are continuously employed by the Company
through the vesting date or you meet the requirements for vesting described below.

     3.2 All outstanding Units that are earned under the provisions of the Agreement shall become
fully vested and immediately payable upon a Change in Control (as such term is defined in the Plan)
of the Company.

     3.3 All outstanding Units that are earned under the provisions of the Agreement shall become
fully vested and immediately payable if your employment with the Company is terminated due to your
death or permanent and total disability. In the event of your death, your outstanding Units which
are earned will be distributed in Shares of Common Stock to your designated beneficiary on file
with the Company, or if no beneficiary has been designated or survives you, then to your estate.

     3.4 Except as provided in this Section 3, all of your outstanding Units shall be forfeited if
your employment with the Company terminates for any reason (including retirement) prior to the
vesting date set forth in your Agreement.

     Section 4. Withholding Taxes. The Company will retain from each distribution the
number of Shares of Common Stock required to satisfy the statutory minimum required amount of
Federal and State tax withholding obligations.

     Section 5. Miscellaneous Provisions.

82

 

     5.1 Performance Stock Units do not convey the rights of ownership of Shares of Common Stock
and do not carry voting rights. Shares of Common Stock will not be issued to you until Units have
vested, and Shares will be issued in accordance with the Company’s procedures for issuing Common
Stock. The Company’s obligation hereunder is unfunded.

     5.2 All outstanding Units shall be appropriately adjusted as determined by the Committee in
the event of any stock dividends, stock splits or reverse stock splits of Common Stock of the
Company. No fractional Shares of Common Stock will be issued. The Company may make such
adjustments as it deems appropriate to eliminate fractional Share interests.

     5.3 The Agreement may only be amended in writing with the approval of the Committee. The
Agreement will be binding upon any successor in interest to Lindsay Manufacturing Co. by merger or
otherwise.

     5.4 Nothing contained in the Agreement shall confer on the Grantee any right with respect to
continuation of employment with the Company, or interfere with the right of the Company to
terminate at any time and for any reason the employment of the Grantee.

     5.5 The Units and rights under the Agreement may not be sold, conveyed, assigned,
transferred, pledged or otherwise disposed of or encumbered at any time, except upon the Grantee’s
death by will or the laws of descent and distribution or written designation of a beneficiary by
the Grantee in a form acceptable to the Company. Any attempted action in violation of this
paragraph shall be null, void and without effect.

     5.6 The Company intends that the grant of Units under the Agreement will not be subject to
Section 409A of the Internal Revenue Code of 1986, as amended, because all payments with respect to
the Units will qualify for the exception from coverage under Section 409A for short-term deferrals.
The Agreement shall be interpreted in a manner which is consistent with the foregoing intent. The
Committee may not take any action or exercise any discretion under the Plan in a manner which will
cause the Units granted under the Agreement to be subject to Code Section 409A. Each payment which
becomes due under the Agreement shall be made as soon as practicable on or after the date when the
right to receive the payment vests. The latest date for any payment shall be the end of the
calendar year in which the Grantee’s right to receive the payment becomes vested, or if this is not
practicable, not later than the 15th day of the third month following the end of such
calendar year.

83exv10w1

 

Exhibit 10.1

DOMAIN NAME AND TRADEMARK PURCHASE AGREEMENT

     This Domain Name and Trademark Purchase Agreement (“Agreement”) is made effective as November
7, 2007 (“Effective Date”) by and between Innuity, Inc., a Utah Corporation, located at 8644
154th Avenue NE, Redmond, Washington 98052 (“Innuity”), its subsidiary Vista.com, Inc.,
a Washington corporation, located at 8644 154th Avenue NE, Redmond, Washington 98052
(“Subsidiary”) and VistaPrint Technologies Limited, a Bermuda company located at Canon’s Court, 22
Victoria Street, Hamilton HM12 Bermuda (“VistaPrint”).

RECITALS

     WHEREAS, Innuity is the legal owner of the World Wide Web domain name “vista.com” (the “Domain
Name”) and Subsidiary is the legal owner of trademark rights in the trademark “VISTA” (the
“Trademark”), including U.S. Trademark registration No. 2,459,636 (the “Registration”);and

     WHEREAS, Innuity and Subsidiary desire to sell the Domain Name and all rights worldwide in and
to the Trademark including, but not limited to, the Registration, to VistaPrint and VistaPrint
desires to purchase the Domain Name, the Registration, and all other rights of Innuity and
Subsidiary worldwide in and to the Trademark, all upon the terms and conditions in this Agreement.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

AGREEMENT

SECTION ONE – SALE OF DOMAIN NAME AND TRADEMARK

     1.01a. Purchase and Sale of Domain Name. Innuity hereby agrees to sell, convey,
transfer and assign to VistaPrint and VistaPrint hereby agrees to purchase from Innuity, upon the
terms and conditions of this Agreement, and effective as of the Effective Date, all of Innuity’s
right, title and interest in the Domain Name and all other rights or claims of every type and
nature and wherever situated, real, personal, tangible, intangible or contingent.

     1.01b. Purchase and Sale of Trademark. Subsidiary hereby agrees to sell, convey,
transfer and assign to VistaPrint and VistaPrint hereby agrees to purchase from Subsidiary, upon
the terms and conditions of this Agreement, and effective as of the Effective Date, all of
Subsidiary’s right, title and interest in the Trademark, including, but not limited to, all
goodwill associated therewith, the Registration and all other rights or claims of every type and
nature and wherever situated, real, personal, tangible, intangible or contingent.

     1.02. Purchase Price. As consideration for the sale herein, VistaPrint shall pay to
Innuity the amount of One Million Two Hundred Fifty Thousand dollars and no cents ($1,250,000.00)
The consideration shall be paid by wire transfer to the account of Innuity upon the completion of
the transfer of ownership of the domain name to VistaPrint and the receipt by VistaPrint of the
attached Assignment of Trademark executed by Subsidiary and notarized.

     1.03. Cooperation. Innuity and VistaPrint agree to cooperate as set forth in Schedule
A in order to allow for a transition in the use of the Domain Name.

1

 

     1.04 Surviving Affiliate Agreement. At the close of business on the Effective Date, Innuity
will cease using the current affiliate link and modify its systems such that the Domain Name
redirects to the URL that VistaPrint will specify to Innuity. Other affiliate marketing
activities by Innuity may continue to be used to drive qualified traffic to other affiliate links
previously provided by VistaPrint to Innuity.

     1.05 Temporary License of Domain Name to Innuity. The parties agree that VistaPrint will
grant to Innuity a license to continue to use the Domain Name for a period of time after the
Effective Date of this Agreement solely for the limited transitional purposes set forth in Schedule
A. The parties agree that VistaPrint can, in its sole discretion and prior to the expiration of
the transition period, request Innuity in writing to continue to host web sites using the Domain
Name for a further period of time as shall be mutually agreed between the parties. If VistaPrint
has not requested Innuity to continue to host web sites during the transition period, the parties
agree that Innuity shall have no further obligation or authority to host web sites using the Domain
Name and VistaPrint shall have no further obligation to allow Innuity or its customers to make any
further use of the Domain Name or any sub-domains and Innuity will cease using or supporting the
Domain Name and all sub-domain URLs.

SECTION TWO — OBLIGATIONS.

     2.01. Confidential Information. The parties acknowledge that in their performance of
their duties hereunder either party may communicate to the other (or its designees) certain
confidential and proprietary information, including without limitation the know-how, technology,
techniques, or business or marketing plans related thereto (collectively, the “Confidential
Information”) all of which are confidential and proprietary to, and trade secrets of, the
disclosing party. Confidential Information does not include information that: (i) is public
knowledge at the time of disclosure by the disclosing party; (ii) becomes public knowledge or known
to the receiving party after disclosure by the disclosing party other than by breach of the
receiving party’s obligations under this section or by breach of a third party’s confidentiality
obligations; (iii) was known by the receiving party prior to disclosure by the disclosing party
other than by breach of a third party’s confidentiality obligations; or (iv) is independently
developed by the receiving party. As a condition to the receipt of the Confidential Information
from the disclosing party, the receiving party shall: (i) not disclose in any manner, directly or
indirectly, to any third party any portion of the disclosing party’s Confidential Information; (ii)
not use the disclosing party’s Confidential Information in any fashion except to perform its duties
hereunder or with the disclosing party’s express prior written consent; (iii) disclose the
disclosing party’s Confidential Information, in whole or in part, only to employees and agents who
need to have access thereto for the receiving party’s internal business purposes; (iv) take all
necessary steps to ensure that its employees and agents are informed of and comply with the
confidentiality restrictions contained in this Agreement; and (v) take all necessary precautions to
protect the confidentiality of the Confidential Information received hereunder and exercise at
least the same degree of care in safeguarding the Confidential Information as it would with its own
confidential information, and in no event shall apply less than a reasonable standard of care to
prevent disclosure. The receiving party shall promptly notify the disclosing party of any
unauthorized disclosure or use of the Confidential Information. The receiving party shall
cooperate and assist the disclosing party in preventing or remedying any such unauthorized use or
disclosure.

     2.02 Domain Name Warranties. Innuity and Subsidiary, as applicable, represent and
warrant that (a) it is the legal owner of the Domain Name, (b) it possesses the legal right and
authority to enter into this Agreement and to transfer the ownership and control of the Domain Name
to VistaPrint, (c) it has not been threatened with, and is not currently a party to, any legal or
administrative action challenging Innuity’s ownership or control over the Domain Name, (d) the
Domain Name is not the subject of a domain name dispute proceeding under the ICANN Uniform Domain
Name Dispute Resolution Policy or

2

 

other similar dispute proceeding and no such proceeding has been threatened, (e) the sale and
transfer of the Domain Name to VistaPrint and the related transition actions contemplated in
Schedule A will not breach any contractual obligation of Innuity to its website customers, and (f)
that neither Innuity nor any parent, subsidiary or affiliated company of Innuity has been notified
that use of the Domain Name by Innuity or any parent, subsidiary or affiliated company of Innuity
violates the rights of any third party.

     2.03 Trademark Warranties. Innuity and Subsidiary, as applicable, represent and
warrant that (a) it is the legal owner of the Registration, (b) it possesses the legal right and
authority to enter into this Agreement and to transfer the ownership of the Registration to
VistaPrint, (c) the Registration is not the subject of a cancellation proceeding in the United
States Patent and Trademark Office and no such proceeding has been threatened, (d) the Registration
is currently in full force and effect and a § 8 Affidavit or Declaration of Use and a §15 Affidavit
or Declaration of Incontestability meeting all statutory and regulatory requirements were timely
filed with the United States Patent and Trademark Office prior to the sixth anniversary of the
Registration, (e) it has not granted any licenses for the Trademark to any third parties. Except
as identified in Schedule B, Innuity and Subsidiary, as applicable, further represent and warrant
that: (a) it has not been threatened with, and is not currently a party to, any legal or
administrative action alleging that Innuity’s use of the Trademark infringes on the rights of
another party or challenging ownership or control over the Trademark or the Registration, and (b)
neither Innuity nor any parent, subsidiary or affiliated company of Innuity has been notified that
use of the Trademark by Innuity or any parent, subsidiary or affiliated company of Innuity violates
the trademark or other rights of any third party. However, VistaPrint acknowledges that the matter
identified in Schedule B has been resolved by a Trademark Consent Agreement dated June 1, 2005 (a
copy of which is attached hereto as Exhibit A).

     2.0.4 Disclaimer of Warranties. EXCEPT AS SET FORTH IN 2.02 AND 2.03 ABOVE, THE
DOMAIN NAME AND TRADEMARK ARE SOLD “AS IS” WITHOUT ANY WARRANTY WHATSOEVER AND INNUITY AND
SUBSIDIARY DISCLAIM ALL OTHER WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY, TO VISTAPRINT AS TO ANY
MATTER WHATSOEVER, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE AND NON-INFRINGEMENT OF THIRD PARTY RIGHTS. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN
BY INNUITY, SUBSIDIARY OR ITS EMPLOYEES OR REPRESENTATIVES SHALL CREATE A WARRANTY OR IN ANY WAY
INCREASE THE SCOPE OF INNUITY’S OR SUBSIDIARY’S OBLIGATIONS.

     2.05 Indemnification of VistaPrint. Innuity and Subsidiary agree to defend,
indemnify and hold harmless VistaPrint and its parent, subsidiaries, affiliates, officers,
directors, agents and employees from any loss, claim or demand arising or asserted against
VistaPrint at any time in the future, including reasonable attorney fees, caused by or arising out
of the actions of Innuity, Subsidiary or its customers including, but not limited to, (a) Innuity’s
or Subsidiary’s use and control of the Domain Name and the Trademark, (b) the performance of the
actions contemplated in Schedule A, and (c) an alleged violation by Innuity, Subsidiary, or their
customers of the CAN-SPAM Act, the Digital Millennium Copyright Act, or other statute or regulation
applying to the business activities of Innuity, Subsidiary, or their customers.

     2.06 Execution of Documents. Innuity and Subsidiary agree to assist
VistaPrint in securing and protecting its rights in the Domain Name and the Registration by
providing and executing all necessary document as may needed to complete and record the transfer of
the Domain Name and the Registration to VistaPrint.

3

 

SECTION THREE  — GENERAL PROVISIONS

     3.01. Severability. If any provision of this Agreement is held by a court of
competent jurisdiction to be invalid, void or unenforceable for any reason, the remaining
provisions not so declared shall nevertheless continue in full force and effect, but shall be
construed in a manner so as to effectuate the intent of this Agreement as a whole, notwithstanding
such stricken provision or provisions.

     3.02. Drafting. No provision of this Agreement shall be construed against any party
merely because that party or counsel drafted or revised the provision in question. All parties
have been advised and have had an opportunity to consult with legal counsel of their choosing
regarding the force and effect of the terms set forth herein. This Agreement shall be deemed to be
jointly prepared by the parties and therefore any ambiguity or uncertainty shall be interpreted
accordingly.

     3.03 Waiver. No term or provision of this Agreement shall be deemed waived and no
breach excused, unless such waiver or consent shall be in writing and signed by the party claimed
to have waived or consented. Any consent by any party to, or waiver of, a breach by the other
party, whether express or implied, shall not constitute a consent to, waiver of, or excuse for any
different or subsequent breach.

     3.04. Assignment. Neither party shall assign, delegate, subcontract, license,
franchise, or in any manner attempt to extend to any third party any right or obligation under this
Agreement except as otherwise permitted herein without the prior written consent of the other
party; provided, however, either party may assign this Agreement and its rights hereunder to a
purchaser of all or substantially all of its assets or equity and VistaPrint may assign any right
or obligation under this Agreement to its parent or a subsidiary of the parent.

     3.05. Amendments. Except as otherwise provided in this Agreement, no provision of
this Agreement may be amended, modified or waived except by a written agreement signed by both
parties.

     3.06. Notices. All notices and other communications required or permitted under this
Agreement shall be in writing and given by personal delivery, telecopy (confirmed by a mailed
copy), or first class mail, postage prepaid, sent to the addresses set forth herein.

     3.07. Section Headings. The section headings contained in this Agreement are for
convenient reference only, and shall not in any way affect the meaning or interpretation of this
Agreement.

     3.08. Counterparts/Facsimile Signatures. This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original, and such counterparts shall
together constitute one and the same instrument. The signatures to this Agreement may be evidenced
by facsimile copies reflecting the party’s signature hereto, and any such facsimile copy shall be
sufficient to evidence the signature of such party as if it were an original signature.

     3.09. Entire Agreement; Binding Effect. This Agreement, including all schedules,
exhibits and attachments thereto, sets forth the entire agreement and understanding of the parties
hereto in respect of the subject matter contained herein, and supersedes all prior agreements,
promises, covenants, arrangements, communications, representations or warranties, whether oral or
written, by any officer, partner, employee or representative of any party hereto. This Agreement
shall be binding upon and shall inure only to the benefit of the parties hereto and their
respective successors and assigns. Nothing in this

4

 

Agreement, express or implied, is intended to confer or shall be deemed to confer upon any persons
or entities not parties to this Agreement, any rights or remedies under or by reason of this
Agreement.

     3.10. Jurisdiction; Venue; Governing Law. The parties mutually acknowledge and agree
that this Agreement shall be construed and enforced in accordance with the laws of the State of
Washington, without regard to the internal law of Washington regarding conflict of laws. The
parties acknowledge that they have read and understand this clause and agree willingly to its
terms.

     3.11. Attorney’s Fees. Should suit or arbitration be brought to enforce or interpret
any part of this Agreement, the prevailing party shall be entitled to recover its reasonable
attorneys’ fees and costs, including expert witness fees and fees on any appeal.

     IN WITNESS THEREOF, this agreement has been duly executed by the parties hereto, effective as
of the date and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	Innuity, Inc.	 	 	 	VistaPrint Technologies Limited
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Vista.com, Inc.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 

5

 

SCHEDULE A

     Innuity and VistaPrint shall cooperate for a period of time after the Effective Date as
follows in order to allow for a transition of the use of the Domain name from Innuity to
VistaPrint:

     1. Innuity will be allowed to continue to manage the DNS for the Domain Name until February
15, 2008. As of February 15, 2008, VistaPrint shall have the authority to assume management of
the DNS for the Domain Name and , except as specified in paragraphs 4 and 5 below, after February
15, 2008, VistaPrint shall have no obligation to provide any DNS assistance or service to Innuity,
Subsidiary, or any third party.

     2. Innuity Customer Websites

Innuity will create a new sub-domain URL for each customer to use that leverages a different
top-level domain name that does not use or incorporate the term “VISTA” or use or incorporate any
term that is confusingly similar to “VISTA”.

     3. Secure transactions for Innuity eCommerce customers. Innuity will obtain a security
certificate for another top-level URL that does not use or incorporate the term “VISTA” or use or
incorporate any term that is confusingly similar to “VISTA” and perform the development necessary
to transition off of the Domain Name.

     4. Name Servers for Innuity Website Hosting.

          Innuity will set up a new name server that does not use a URL containing or incorporating the
term “VISTA” or any term that is confusingly similar to “VISTA”. Innuity will then point all of the
domain names where Innuity controls the ownership to the new name servers. For domains that are
held in accounts outside of Innuity’s control (by the site owner directly), Innuity will have the
obligation to identify these impacted domains and contact each site owner and assist them in the
transition to the new name server. Following the transfer of DNS management to VistaPrint,
VistaPrint agrees to perform the nameserver re-directs identified below until May 15, 2008:

          ns1.vista.com to be re-directed to 216.57.205.194

          ns2.vista.com to be re-directed to 216.57.205.195

     5. Incoming and outgoing e-mail services.

          Innuity will set up a new email server that does not use a URL containing or incorporating the
term “VISTA” or any term that is confusingly similar to “VISTA”. Innuity will then send out a
notification to all people using Innuity’s e-mail service that they need to update their computer’s
e-mail settings. Following the transfer of DNS management to VistaPrint, VistaPrint agrees to
Perform the mail server re-direct identified below until May 15, 2008:

          mail.vista.com to be re-directed to 216.57.205.203

6

 

SCHEDULE B

In December 2003, VistaComm, LLC of South Dakota notified Vista.com, Inc.’s predecessor-in-interest
of VistaComm, LLC’s pending trademark application for the mark VISTACOMM. The matter was resolved
by virtue of a Trademark Consent Agreement dated June 1, 2005 (a copy of which is attached to the
Domain Name and Trademark Purchase Agreement as Exhibit A)

7

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