Document:

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                                                                    EXHIBIT 10.7

                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

                               (EFFECTIVE 1/1/04)

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                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

     This instrument sets forth the terms of The Timberland Company 2004
Executive Long Term Incentive Program. The Program is established under The
Timberland Company 1997 Incentive Plan, and amounts paid under the Program are
intended to qualify as performance-based compensation under Section 162(m) of
the Internal Revenue Code.

     1. PURPOSE. The purpose of the Program is (a) to attract, retain and
motivate key employees of outstanding ability; and (b) to provide competitive
incentive pay and capital accumulation opportunities to certain key employees in
exchange for their attainment of specified Performance Goals.

     2. DEFINITIONS. The following terms shall have the following meanings
unless the context indicates otherwise.

          (a) "Affiliate" shall mean any corporation or other entity owning,
     directly or indirectly, 50% or more of the outstanding Stock of the
     Company, or in which the Company or any such corporation or other entity
     owns, directly or indirectly, 50% or more of the outstanding capital stock
     (determined by aggregate voting rights) or other voting interests.

          (b) "Award" shall mean an opportunity to earn incentive pay, in the
     form of Restricted Stock or cash, based on performance, as described in
     Section 5.

          (c) "Award Period" shall mean the one, two or three calendar year
     periods commencing January 1, 2004, and shall be the measurement period
     during which Goal attainment shall be determined.

          (d) "Board" shall mean the Board of Directors of The Timberland
     Company.

          (e) "Code" shall mean the Internal Revenue Code of 1986, as from time
     to time amended.

          (f) "Committee" shall mean the Management Development and Compensation
     Committee of the Board.

          (g) "Company" shall mean The Timberland Company.

          (h) "Participant" shall mean an employee of the Company or an
     Affiliate in salary grade twelve (12) or above who is designated by the
     Committee to receive an Award.

          (i) "Performance Goal" or "Goal" shall mean the threshold, target or
     maximum financial objective that must be met to earn a specified level of
     incentive pay.

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          (j) "Performance Measure" shall mean compound annual growth in
     earnings per share ("EPS") or compound annual growth in revenue.

          (k) "Plan" shall mean The Timberland Company 1997 Incentive Plan, as
     amended.

          (l) "Program" shall mean The Timberland Company 2004 Executive Long
     Term Incentive Program.

          (m) "Restricted Stock" shall mean Stock subject to the restrictions
     described in Section 8.

          (n) "Section 162(m) Participant" shall mean the chief executive
     officer (CEO) or one of the four highest paid officers of the Company
     (other than the CEO) on the last day of the taxable year, for purposes of
     the executive compensation disclosure rules under the Securities Exchange
     Act of 1934.

          (o) "Stock" shall mean Class A Common Stock of the Company, par value
     $.01 per share.

     3. ADMINISTRATION. The Program shall be administered by the Committee, in
accordance with the terms of the Plan. The Committee shall have sole and
complete discretion with respect to the exercise of all permissive powers and
authority granted to the administrator under the Plan; provided, however, the
Committee may not exercise its discretion to increase the amount of incentive
pay that would be otherwise due a Section 162(m) Participant upon attainment of
a Performance Goal. All actions, determinations, and decisions of the Committee
shall be final, conclusive, and binding on all parties.

     4. PARTICIPATION. The Committee shall designate in writing the employees
who shall participate during each Award Period as soon as practicable and not
later than 90 days after the start of the Award Period. The Participants
(SCHEDULE A attached) were designated by the Committee at its meeting on March
2, 2004.

     5. AWARDS. An Award shall be established in writing by the Committee for
each Participant as soon as practicable and not later than 90 days after the
beginning of each Award Period. Each Award will be expressed in dollars as a
target value at the time of grant, and then converted to a number of shares of
Restricted Stock having an equivalent value; may vary according to a
Participant's salary grade or position; and will be based on the attainment of
specific Performance Goals described in Section 6. Each Award shall have three
levels: threshold, target, and maximum, corresponding to the three different
levels of Goal attainment. Plan Awards for a Section 162(m) Participant shall
not be changed or modified during an Award Period to increase the amount of
incentive pay that would otherwise become payable. The Award levels for each
Participant were established by the Committee at its meeting on March 2, 2004.
(SCHEDULE B attached shows the target Award level for each Award Period.)

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     6. PERFORMANCE MEASURES AND GOALS. The Committee shall establish in writing
Performance Measures and Goals as soon as practicable and not later than 90 days
after the beginning of each Award Period. Performance Goals shall be established
at three levels (threshold, target, and maximum). Performance Goals for a
Section 162(m) Participant shall not be changed or modified during an Award
Period to increase the amount of incentive pay that would otherwise become
payable. The Performance Measures and Goals (SCHEDULE C) were established by the
Committee at its meeting on March 2, 2004.

     7. AWARD PAYOUT CALCULATION.

          (a) Award payouts shall be based on the degree to which Performance
     Goals are attained, with fifty percent (50%) of the target Award payable
     upon attainment of the threshold Goal, one hundred percent (100%) upon
     attainment of the target Goal, and one-hundred fifty percent (150%) upon
     attainment of the maximum Goal. No payouts shall be made unless the
     threshold Goal is attained, and payouts shall be increased proportionately
     to the extent the threshold or target Goals are surpassed. In no event,
     however, shall an Award payout exceed one-hundred fifty percent (150%) of
     the target Award.

          (b) The Company's independent public accountants shall audit the
     Company's Award calculations following the close of each Award Period.

          (c) The Committee shall promptly approve or disapprove Award payouts
     for all Participants following completion of the independent audit.

     8. AWARD PAYMENT.

          (a) Each Award payout shall be made in the form of Restricted Stock as
     soon as practicable and not later than March 31 following the close of the
     Award Period, subject to the independent audit. To be eligible to receive a
     payout, a Participant must be employed by the Company or an Affiliate on
     the payment date.

          (b) Each grant of Restricted Stock shall be evidenced by an agreement,
     specifying restrictions on the transfer and vesting of such shares and
     including a change-in-control provision and such other terms, conditions
     and restrictions as the Committee shall determine.

          (c) Shares of Restricted Stock granted for the one-year Award Period
     shall vest in thirds: the first third on the first anniversary, the second
     third on the second anniversary and the last third on the third anniversary
     of the grant date. Shares of Restricted Stock granted for the two and
     three-year Award Periods shall vest, in full, on the third anniversary of
     the grant date.

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     9. EMPLOYMENT

     Receiving an Award or Award payout shall not give any Participant the right
to be retained in the employment of the Company or an Affiliate, or affect the
right of the Company or an Affiliate to discharge or discipline a Participant.

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                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

                            SCHEDULE A - PARTICIPANTS

                      PARTICIPANTS RECEIVING STANDARD AWARDS

            Jeffrey B. Swartz: President and Chief Executive Officer
            --------------------------------------------------------------------

            Brian P. McKeon:  Chief Financial Officer and Executive Vice
            President, Finance and Administration
            --------------------------------------------------------------------

            Michael J. Harrison:  Senior Vice President, International
            --------------------------------------------------------------------

            Gary S. Smith:  Senior Vice President, Supply Chain
            --------------------------------------------------------------------

            Joseph B. Dzialo:  Senior Vice President, U.S.
            --------------------------------------------------------------------

            Marc Schneider:  Senior Vice President, Global Product Management
            --------------------------------------------------------------------

            Bruce A. Johnson:  Senior Vice President, Human Resources
            --------------------------------------------------------------------

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                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

                               SCHEDULE B - AWARDS

<TABLE>
<CAPTION>
------------------------------ ---------------------------- -------------------------- ------------------------------
GRANT YEAR                                2005                        2006                         2007
------------------------------ ---------------------------- -------------------------- ------------------------------
PROPOSED RESTRICTED STOCK       TARGET GRANT VALUE (000)    TARGET GRANT VALUE (000)     TARGET GRANT VALUE (000)
GRANTS
------------------------------ ---------------------------- -------------------------- ------------------------------
<S>                            <C>                          <C>                        <C>
Jeffrey B. Swartz                        $ 3,750                     $ 3,881                      $ 4,017

Brian P. McKeon                          $ 1,075                     $ 1,113                      $ 1,152

Michael J. Harrison                      $ 1,075                     $ 1,113                      $ 1,152

Gary S. Smith                            $   800                     $   828                      $   857

Joseph B. Dzialo                         $   725                     $   750                      $   777

Marc Schneider                           $   725                     $   750                      $   777

Bruce A. Johnson                         $   725                     $   750                      $   777
</TABLE>

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                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

                   SCHEDULE C - PERFORMANCE MEASURES AND GOALS

<TABLE>
<CAPTION>
---------------------  -------------  -----  --------------------------------------------------------------------------------------
                                                                        FINANCIAL PERFORMANCE RANGE (GOALS)
      AWARD PERIOD      PERFORMANCE    WTG    -------------------------------------------------------------------------------------
                          MEASURE                   THRESHOLD                   TARGET                           MAXIMUM
                                              --------------------------  -------------------------- -------------------------------
                                             # SHARES      PERFORMANCE    # SHARES    PERFORMANCE    # SHARES        PERFORMANCE
---------------------  -------------  -----  ------------  ------------  -----------  -------------  -----------  ------------------
<S>                    <C>            <C>    <C>           <C>           <C>          <C>            <C>          <C>

   1/1/04 - 12/31/04        EPS       75%        50% of        ___          100% of       ___           150% of          ___
                                                 Target                     Target                      Target

                          Revenue     25%                      ___                        ___                            ___

   1/1/04 - 12/31/05        EPS       75%        50% of        ___          100% of       ___           150% of          ___
                                                 Target                     Target                      Target

                          Revenue     25%                      ___                        ___                            ___

   1/1/04 - 12/31/06        EPS       75%        50% of        ___          100% of       ___           150% of          ___
                                                 Target                     Target                      Target

                          Revenue     25%                      ___                        ___                            ___

</TABLE><PAGE>

                                                                    EXHIBIT 10.8

                                  AMENDMENT TO

                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

                               (EFFECTIVE 12/1/04)

<PAGE>

                                  AMENDMENT TO
                             THE TIMBERLAND COMPANY
                   2004 EXECUTIVE LONG TERM INCENTIVE PROGRAM

     This instrument amends certain terms of The Timberland Company 2004
Executive Long Term Incentive Program. The Program is established under The
Timberland Company 1997 Incentive Plan, and amounts paid under the Program are
intended to qualify as performance-based compensation under Section 162(m) of
the Internal Revenue Code.

     1. Subsection (a) of Section 8. AWARD PAYMENT is hereby amended by adding
the following sentence after the first sentence:

          "Notwithstanding anything in this Program document to the contrary,
          the Award payout for the one-year Award Period (1/1/04-12/31/04) shall
          be made on July 5, 2005."

     2. With the exception of the amendment specified above, all other terms and
conditions of this Program document remain in full force and effect.

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