Document:

EXHIBIT
4(c)

NUMBER

MM

	
  

  	
   

  	
   

  	
   

  	
   

  	 

	
  [FAMILY

  GRAPHIC]

  	
   

  	
   

  	
  COMMON STOCK

  	
   

  	
  THIS CERTIFICATE IS TRANSFERABLE

  	 

	
   

  	
   

  	
   

  	
   

  	
  IN NEW YORK, NY
  or

  	 

	
   

  	
   

  	
   

  	
   

  	
  in South Saint
  Paul, MN

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
  INCORPORATED
  UNDER THE LAWS

  	
   

  	
  SHARES

  	 

	
   

  	
   

  	
  OF THE STATE OF
  DELAWARE

  	
   

  	
   

  	 

	
   

  	 

	
   

  	
   

  	
  [SEASONS
  GRAPHIC]

  	 

	
   

  	
   

  	
   

  	 

	
  The Toro Company

  	
  CUSIP 891092 10 8

  	 

	
   

  	
   

  	 

	
  THIS CERTIFIES THAT

  	
  SEE REVERSE FOR

  
	
   

  	
  CERTAIN DEFINITIONS

  
	
   

  
	
  IS THE

  REGISTERED

  HOLDER OF

  	
   

  
										

 

FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK PAR VALUE $1.00
EACH, OF

Certificate of
Stock

The Toro Company transferable on the books of the
Corporation by the holder hereof, in person or by duly authorized attorney,
upon surrender of this Certificate properly endorsed. This Certificate and the
shares represented hereby, are issued and shall be held subject to all of the
provisions of the Certificate of Incorporation and By-Laws of the Corporation,
and all amendments thereto, to all of which the holder, by accepting this
Certificate, assents. This Certificate is not valid unless countersigned and
registered by the Transfer Agent and Registrar.

In Witness Whereof, the Corporation
has caused this Certificate to be signed in facsimile by its duly authorized
officers, and a facsimile of its corporate seal to be hereunto affixed.

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  COUNTERSIGNED AND REGISTERED:

  	
   

  	
   

  	
   

  	
  /s/ Michael J. Hoffman

  
	
  WELLS
  FARGO BANK, N.A.

  	
   

  	
  SEAL

  	
   

  	
  PRESIDENT AND 

  
	
   

  	
   

  	
   

  	
   

  	
  CHIEF EXECUTIVE OFFICER

  
	
   

  	
  TRANSFER AGENT

  	
   

  	
   

  	
   

  
	
   

  	
  AND REGISTRAR

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BY

  	
  /s/ L.M. Kaufman

  	
   

  	
   

  	
   

  	
   

  	
  /s/ J. Lawrence
  McIntyre

  
	
   

  	
  AUTHORIZED SIGNATURE

  	
   

  	
  VICE PRESIDENT AND

  
	
   

  	
   

  	
   

  	
   

  	
  SECRETARY

  
									

 

 

THE TORO
COMPANY

THE SHARES ARE SUBJECT TO RIGHTS,
PREFERENCES AND RESTRICTIONS. A FULL STATEMENT OF THE RIGHTS, PREFERENCES AND
RESTRICTIONS GRANTED TO OR IMPOSED UPON THE SHARES OF ALL CLASSES OF SERIES,
AND A STATEMENT OF THE AUTHORITY VESTED BY THE CERTIFICATE OF INCORPORATION IN
THE BOARD OF DIRECTORS UNDER SUBCHAPTER V, SECTION 151, OF THE DELAWARE GENERAL
CORPORATION LAW, TO FIX THE RIGHTS OF SERIES OF SHARES THEN UNALLOTTED WILL BE
FURNISHED TO ANY SHAREHOLDER WITHOUT CHARGE AND UPON REQUEST MADE TO THE OFFICE
OF THE SECRETARY OF THE COMPANY.

THE FOLLOWING ABBREVIATIONS, WHEN USED IN THE
INSCRIPTION ON THE FACE OF THIS CERTIFICATE, SHALL BE CONSTRUED AS THOUGH THEY
WERE WRITTEN OUT IN FULL ACCORDING TO APPLICABLE LAWS OR REGULATIONS: 

	
  

  	
   

  	
   

  
	
  TEN COM

  	
  —

  	
  as tenants in common

  
	
  TEN ENT

  	
  —

  	
  as tenants by the entireties

  
	
  JT TEN

  	
  —

  	
  as joint tenants with right of survivorship and not
  as tenants in common

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  UNIF GIFT MIN ACT —

  	
   

  	
  Custodian

  	
   

  
	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  
	
   

  	
  under Uniform
  Gifts to Minors Act

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (State)

  
									

 

Additional
abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED                                                 
hereby sell, assign and transfer unto

	
  (PLEASE INSERT SOCIAL
  SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

(PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS OF ASSIGNEE)

Common Shares represented by the within Certificate,
and do hereby irrevocably constitute and appoint

Attorney to transfer the said shares on the books of the within-named
Corporation.

Dated

	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NOTICE:

  	
  THE SIGNATURE TO THIS
  ASSIGNMENT MUST 

  

 

 

 

	
  

  	
  CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF
  THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY
  CHANGE WHATEVER.

  

This
certificate also evidences and entitles the holder hereof to certain rights as
set forth in a Rights Agreement between The Toro Company and Norwest Bank of
Minnesota, N.A., as Rights Agent, dated as of May 20, 1998 (as amended from
time to time, the “Rights Agreement”), the terms of which are hereby
incorporated herein by reference and a copy of which is on file at the principal
executive offices of The Toro Company. Under certain circumstances, as set
forth in the Rights Agreement, such Rights will be evidenced by separate
certificates and will no longer be evidenced by this certificate. The Toro
Company will mail to the holder of this certificate a copy of the Rights
Agreement without charge after receipt of a written request therefor. Rights
issued to, or beneficially owned by, any Person who becomes an Acquiring Person
(as defined in the Rights Agreement) may become null and void. 

Effective July 10, 2000, Norwest Bank Minnesota,
N.A.

changed its name to Wells Fargo Bank, N.A. 

Effective February 20, 2004, Wells
Fargo Bank, N.A.

changed its name to Wells Fargo Bank, N.A.Exhibit
10.h

AMENDMENT

TO

THE TORO COMPANY

SUPPLEMENTAL BENEFIT PLAN

(FORMERLY KNOWN AS

THE TORO COMPANY

SUPPLEMENTAL
MANAGEMENT RETIREMENT PLAN)

This Amendment is
made to The Toro Company Supplemental Management Retirement Plan (herein
renamed The Toro Company Supplemental Benefit Plan), as previously amended and
restated effective July 27, 1998 (the “Plan”). 
All defined terms shall have the meanings set forth in the Plan.  This Amendment is effective October 16, 2006,
unless otherwise stated herein.  In no
event will this Amendment apply to any amounts earned and vested as of December
31, 2004.  All provisions of the Plan not
amended by this Amendment shall remain in full force and effect.

1.                                      Section
3.3 shall be amended to read as follows:

3.3          Earnings
on Amounts Credited

(a)           Amounts
credited to a Participant’s Article III account shall be credited with earnings
at a rate and in a manner authorized by the Committee from time to time;
provided that beginning January 1, 2007, and until changed by subsequent action
of the Committee, the earnings rate for all Participants (except as otherwise
provided in (b) below) shall be based on a Participant’s selection from the
following funds:

American Century Large Company Value

American Funds Growth Fund of America

Artisan Mid Cap

Fidelity Diversified International

ICM Small Company

JPMorgan Mid Cap Value

JPMorgan Prime Money Market Fund

STI Class Small Cap Growth

Vanguard Total Bond Index

Vanguard Institutional Index

Prior to a Change in Control the method for determining
the earnings rate may be changed at any time, at the discretion of the
Company.  After a Change in Control, the
Trustee shall have authority to change the method for determining the earnings
rate.

Notwithstanding the foregoing provisions, all current Participants
shall be given a one-time election, until October 31, 2006, to:

 

(i)            Allocate all funds in all accounts,
past and future, so that the earnings rate is based on

(ii)                                  The
Toro Company Stable Return Fund Measure; or

(ii)                                  Allocate
all funds in all accounts, past and future, so that the earnings is based on
the rate of return from one or more of the funds provided for in (a) above.

If such a Participant does not make an election, the earnings rate
applicable to all of such Participant’s accounts, past and future, shall be
based on the Stable Return Fund Measure.

2.                                      The
third sentence of Section 6.2, the third sentence, second paragraph, of
Section 6.4 and the third sentence of Section 6.5 shall be amended as
follows:

A Participant may change his or her election at any time up to one year
before the date of the Participant’s retirement from the Company.

3.                                      A
new Section 6.9 shall be added as follows:

6.9          Limitation
on Election of Distribution Method

Effective January 1, 2008, a Participant may change his
or her election of distribution method only one time after making an initial
election with respect to distribution of any accounts under this Plan.

4.                                      A
new Section 7.5 shall be added as follows:

7.5          Section
409A

The Plan is intended to comply with Section 409A of
the Code and any official regulations or other guidance issued thereunder, to
the extent Section 409A is applicable to the Plan.  Notwithstanding any other provision of the
Plan, the Plan shall be interpreted, operated and administered in a manner
consistent with such intention, and shall be deemed to be amended (and any
deferrals and distributions thereunder shall be deemed to be modified) to the
extent the Company deems necessary to comply with Section 409A and any official
regulations or other guidance issued thereunder and to avoid (a) the
predistribution inclusion in income of amounts deferred under the Plan and
(b) the imposition of any additional tax or interest with respect thereto.

5.                                      Effective
November 30, 2006, the name of the Plan is changed to “The Toro Company
Supplemental Benefit Plan,” and all references to the Plan shall be modified
accordingly.

 

*  *  *

The Company has caused
this Amendment to be executed on the date indicated below.

	
  

  	
  THE TORO COMPANY

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Dated:

  	
    12/19/2006

  	
   

  	
  By:

  	
   /s/ J.
  Lawrence McIntyre

  	
   

  
	
   

  	
   

  	
   

  	
    Its:
  Vice President, Secretary and General Counsel

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