Document:

EX-10.9

 Exhibit 10.9 

BRIGGS & STRATTON CORPORATION 

CEO RESTRICTED STOCK UNIT AWARD AGREEMENT 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, dated as of this          day of
                     20    , is made by BRIGGS & STRATTON CORPORATION (the “Company”) to
«Name» (the “Employee”). 
 WHEREAS, the Company believes it to be in the best interests of the Company and its
shareholders to provide an incentive for certain of its key employees to work for and manage the affairs of the Company in such a way that its shares become more valuable; and 

WHEREAS, the Employee is a key employee of the Company or one of its subsidiaries or affiliates. 

NOW, THEREFORE, in consideration of the premises, the Company hereby awards Restricted Stock Units to the Employee on the terms,
conditions and restrictions hereinafter set forth. 
 1. AWARD. The Company hereby awards to the Employee «Number»
Restricted Stock Units on the date hereof (the “Award Date”). Restricted Stock Units are the right to receive in the future common stock of the Company in accordance with this Agreement and Article 9 of the Company’s 2017 Omnibus
Incentive Plan (as the same may be amended from time to time, the “Plan”). 
 2. PERIOD OF RESTRICTION. The
Restricted Stock Units shall be forfeitable as described below until they become vested upon the first to occur, if any, of the following events: 

(a) The termination of the Employee’s employment with the Company or a subsidiary by reason of Disability or death. 

(b) Three (3) years from the Award Date. 

(c) A Change in Control of the Company as defined in Article 2.8 of the Plan. 

The period of time during which the Restricted Stock Units are forfeitable is referred to as the “Period of Restriction.” If the
Employee’s employment with the Company or one of its subsidiaries or affiliates terminates during the Period of Restriction for any reason other than Retirement, Disability, death or termination by the Company without Cause, the Restricted
Stock Units shall be forfeited to the Company on the date of such termination, without any further obligations of the Company to the Employee and all rights of the Employee with respect to the Restricted Stock Units shall terminate. If the
Employee’s employment with the Company or one of its subsidiaries or affiliates is terminated during the Period of Restriction without Cause, then the Restricted Stock Units shall be forfeited to the Company, without any further obligations of
the 

  
 1 

 
Company to the Employee and all rights of the Employee with respect to the Restricted Stock Units shall terminate, on the date on which the Employee’s employment agreement with the Company
would have expired had the Employee been provided a notice of nonrenewal of such employment agreement on the date of notice to Employee of termination of his or her employment without Cause, unless the Restricted Stock Units vested as described
above prior to such expiration date. If the Compensation Committee of the Company’s Board of Directors determines that (i) the Employee has breached any of the obligations contained in the agreements referenced in Section 3 of this
Agreement during the Period of Restriction or (ii) the Restricted Stock Units were awarded with respect to (A) a plan year for which there has been a material restatement of the Company’s annual report to the SEC due to negligence or
misconduct by one or more persons or (B) any subsequent plan year having awards materially affected by the restatement, the Company shall be entitled to declare all or any portion of any unvested Restricted Stock Units awarded under this
Agreement to be forfeited. 
 Notwithstanding any provisions to the contrary, the Employee may not extend the Period of Restriction. 

As used in this Section of this Agreement, “Cause” shall have the meaning stated in Article 2.7 of the Plan, a
“Disability” shall have the meaning stated in Article 2.15 of the Plan, and “Retirement” shall mean any termination of employment by the Employee or the Company for reason other than death after the Employee has achieved 30 years
of service, age 62 with at least 10 years of service or age 65. 
 3. RESTRICTIVE COVENANTS. It shall be a condition to the
effectiveness of this Agreement that the Employee shall have signed an employment or other agreement containing customary provisions relating to noncompetition during employment, nonsolicitation of employees and customers following employment,
confidentiality and assignment of inventions to the Company, in the form proposed by the Company. 
 4. RIGHTS DURING PERIOD OF
RESTRICTION. During the Period of Restriction, the Employee shall not receive any certificate with respect to Restricted Stock Units and shall have no right to vote the Restricted Stock Units or to receive cash dividends, stock dividends and
other distributions made with respect to the Restricted Stock Units; however, amounts equal to any dividends or other distributions declared during the Period of Restriction with respect to the Restricted Stock Units will be awarded, automatically
deferred and deemed to be reinvested in additional Restricted Stock Units. The Restricted Stock Units may not be sold, assigned, transferred, pledged or otherwise encumbered during the Period of Restriction, except by will or the laws of descent and
distribution. 
 5. BOOK ACCOUNT. The Restricted Stock Units, including the original award and any additional units
attributable to cash dividends, stock dividends or distributions relating to the Restricted Stock Units, shall be credited to a book account for the Employee. Upon expiration of the Period of Restriction, the Company shall issue and deliver to the
Employee certificates for shares of the Company’s common stock, par value $0.01 per share, equal to the total number of Restricted Stock Units then credited to the Employee until the Employee provides other instructions, subject to
Section 6 below. 

  
 2 

 6. TAX WITHHOLDING. The Employee may satisfy any tax withholding obligations
arising with respect to the Restricted Stock Units in whole or in part by tendering a check to the Company for any required amount, by election to have a portion of the shares withheld to defray all or a portion of any applicable taxes as provided
in Section 22.2(b) of the Plan, or by election to have the Company or its subsidiaries withhold the required amounts from other compensation payable to the Employee. 

7. IMPACT ON OTHER BENEFITS. The value of the Restricted Stock Units shall not be includable as compensation or earnings for
purposes of any other benefit plan or program offered by the Company or its subsidiaries or affiliates. 
 IN WITNESS WHEREOF, this
Restricted Stock Unit Award Agreement is executed by the parties as of the date set forth above. 
  

			
	BRIGGS & STRATTON CORPORATION
		
	By:	 	
                     

		 	Brian C. Walker
		 	Compensation Committee Chair
	
	  

	«Name»

  
 3EX-10.10

 Exhibit 10.10 
  

 
 October 25, 2017 
 Todd
J. Teske 
 Briggs & Stratton Corporation 
 12301 West
Wirth Street 
 Wauwatosa WI 53222     

Re: Modification of Termination Provisions of Existing Long Term Incentive Award Agreements 

Dear Todd: 
 This letter agreement relates to outstanding award
agreements previously granted to you pursuant to the Company’s 2014 Omnibus Incentive Plan, as amended (together with prior plans referenced therein, the “2014 Plan”), which award agreements are identified on Exhibit A hereto
(collectively, the “Existing Award Agreements”). In order to align the treatment of awards under the Existing Award Agreements in the event of a termination without cause with the treatment thereof under the forms of award agreements
adopted by the Compensation Committee for use under the Company’s 2017 Omnibus Incentive Plan (the “New Award Agreement Forms”), the Committee has deemed it advisable and in the best interest of the Company and its shareholders to
modify the Existing Award Agreements as described herein. It is hereby agreed that each Existing Award Agreement is modified to provide that in the event of a termination without cause, the termination date under each Existing Award Agreement shall
be the date upon which your employment agreement with the Company would have expired had you been provided a notice of nonrenewal of such employment agreement by the Company on the date of notice to you of termination of your employment without
cause. 
  

	
	 On Behalf of the Briggs & Stratton

Corporation Compensation Committee

	
	/s/ Brian C. Walker
	
	Brian C. Walker
	Committee Chair

 Acknowledged and Agreed: 

	
	
	 /s/ Todd J. Teske

	Todd J. Teske

 Post Office Box 702, Milwaukee, WI 53201-0702, USA◾ 414.259.5333 ◾ basco.com 

 EXHIBIT A 

EXISTING AWARD AGREEMENTS 
  

			
	 Type of Award
	  	Grant Date
	 Nonqualified Stock Option
	  	08/21/2017
	 Incentive Stock Option
	  	08/21/2017
	 Performance Units
	  	08/21/2017
	 Restricted Stock
	  	08/21/2017
	 Incentive Stock Option
	  	08/22/2016
	 Nonqualified Stock Option
	  	08/22/2016
	 Performance Units
	  	08/22/2016
	 Restricted Stock
	  	08/22/2016
	 Performance Share Units
	  	08/18/2015
	 Restricted Stock
	  	08/18/2015
	 Nonqualified Stock Option
	  	08/18/2015
	 Incentive Stock Option
	  	08/18/2015
	 Nonqualified Stock Option
	  	10/21/2014
	 Incentive Stock Option
	  	10/21/2014
	 Restricted Stock
	  	08/19/2014
	 Restricted Stock
	  	08/20/2013
	 Incentive Stock Option
	  	08/20/2013
	 Nonqualified Stock Option
	  	08/20/2013

 Post Office Box 702, Milwaukee, WI 53201-0702, USA◾ 414.259.5333 ◾ basco.comsens_Ex10_1

		
			Exhibit 10.1
		

		
			SECOND AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
		

		
			THIS SECOND AMENDMENT to the Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into as of July 13, 2017 (the “Amendment Date”), by and among OXFORD FINANCE LLC, a Delaware limited liability company with an office located at 133 North Fairfax Street, Alexandria, Virginia 22314 (in its individual capacity, “Oxford”; and in its capacity as Collateral Agent, “Collateral Agent”), the Lenders listed on Schedule 1.1 thereof or otherwise a party thereto from time to time including Oxford in its capacity as a Lender and SILICON VALLEY BANK, a California corporation with an office located at 3003 Tasman Drive, Santa Clara, CA 95054 (each a “Lender” and collectively, the “Lenders”), and SENSEONICS, INCORPORATED with an office located at 20451 Seneca Meadows Parkway, Germantown, Maryland 20876 and SENSEONICS HOLDINGS, INC., a Delaware corporation (formerly ASN TECHNOLOGIES, INC., a Nevada corporation) with offices located at 20451 Seneca Meadows Parkway, Germantown, Maryland 20876 (individually and collectively, jointly and severally, “Borrower”).
		

		
			WHEREAS, Collateral Agent, Borrower and the Lenders have entered into that certain Amended and Restated Loan and Security Agreement, dated as of June 30, 2016 (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which the Lenders have provided to Borrower certain loans in accordance with the terms and conditions thereof; and
		

		
			WHEREAS, Borrower, Lenders and Collateral Agent desire to amend certain provisions of the Loan Agreement as provided herein and subject to the terms and conditions set forth herein;
		

		
			NOW, THEREFORE, in consideration of the promises, covenants and agreements contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Borrower, Lenders and Collateral Agent hereby agree as follows:
		

		
			1. Definitions. Capitalized terms used herein but not otherwise defined shall have the respective meanings given to them in the Loan Agreement.
		

		
			2. Section 13.1 of the Loan Agreement is hereby amended by amending and restating clause (g) of the definition of “Permitted Indebtedness” therein as follows:
		

		
			(g) business credit card Indebtedness for credit cards issued by Silicon Valley Bank, in an aggregate principal amount not in excess of $400,000 at any time outstanding;
		

		
			3. Limitation of Amendment.
		

		
			a. The amendment set forth in Section 2 above is effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right, remedy or obligation which Lenders or Borrower may now have or may have in the future under or in connection with any Loan Document, as amended hereby.
		

		
			b. This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. For the avoidance of doubt, this Amendment shall be considered part of the Loan Documents.
		

		
			4. To induce Collateral Agent and Lenders to enter into this Amendment, Borrower hereby represents and warrants to Collateral Agent and Lenders as follows:
		

		
			a. Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing;
		

		
			

		 

 

		

		
			b. Borrower has the power and due authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;
		

		
			c. The organizational documents of Borrower delivered to Collateral Agent on the Effective Date, and updated pursuant to subsequent deliveries by the Borrower to the Collateral Agent, remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;
		

		
			d. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;
		

		
			e. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (i) any law or regulation binding on or affecting Borrower, (ii) any contractual restriction with a Person binding on Borrower, (iii) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (iv) the organizational documents of Borrower;
		

		
			f. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and
		

		
			g. This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.
		

		
			5. Except as expressly set forth herein, the Loan Agreement shall continue in full force and effect without alteration or amendment. This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements.
		

		
			6. This Amendment shall be deemed effective as of the Amendment Date upon (a) the due execution and delivery to Collateral Agent of this Amendment by each party hereto, and (b) Borrower’s payment of all Lenders’ Expenses incurred through the date hereof, which may be debited (or ACH’d) from any of Borrower’s accounts.
		

		
			7. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which, taken together, shall constitute one and the same instrument.
		

		
			8. This Amendment and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of New York.
		

		
			[Balance of Page Intentionally Left Blank]
		

		
			 
		

		
			

		 

		

			2

		

 

		

		
			IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to the Amended and Restated Loan and Security Agreement to be executed as of the Amendment Date.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						BORROWER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						SENSEONICS, INCORPORATED

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ R. Don Elsey

					
					
						 

				
	
					
						Name:

					
					
						R. Don Elsey

					
					
						 

				
	
					
						Title:

					
					
						Chief Financial Officer

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						BORROWER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						SENSEONICS HOLDINGS, INC.

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ R. Don Elsey

					
					
						 

				
	
					
						Name:

					
					
						R. Don Elsey

					
					
						 

				
	
					
						Title:

					
					
						Chief Financial Officer

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						COLLATERAL AGENT AND LENDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						OXFORD FINANCE LLC

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ Colette H. Featherly

					
					
						 

				
	
					
						Name:

					
					
						Colette H. Featherly

					
					
						 

				
	
					
						Title:

					
					
						Senior Vice President

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						LENDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						SILICON VALLEY BANK

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ L. James Caccavaro

					
					
						 

				
	
					
						Name:

					
					
						L. James Caccavaro

					
					
						 

				
	
					
						Title:

					
					
						Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00276-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00276-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00276-of-00352.parquet"}]]