Document:

Exhibit

PERSONAL AND CONFIDENTIAL

November 6, 2019

Rosalind Buick
619 Arapahoe Avenue
Boulder, CO 80302

Dear Roz:

This is a Severance Agreement and Release of All Claims (the “Agreement”) between Rosalind Buick (hereinafter, “Employee,” “you” or “your”) and Trimble Inc. (“Company”, and together with all entities which directly or indirectly own or control, are owned or controlled by, or are under common ownership or common control with Trimble Inc., the “Company Entities”). 

This Agreement confirms that your employment with Company will terminate on January 6, 2020 (the “Separation Date”).  You and Company wish to conclude your employment relationship on an amicable basis, and desire to compromise, settle, discharge and release in full any and all rights, claims and actions whatsoever that you have or may have against Company, any of the Company Entities, or any of their respective past, present, or future owners, officers, directors, employees, shareholders, agents, predecessors, successors, assigns, representatives, suppliers, subsidiaries, and/or affiliated and related companies (hereinafter referred to collectively as “Releasees”), including without limitation those arising out of your employment by Company and/or the termination of your employment.  

Accordingly, in consideration of the covenants set forth below and other good and valuable consideration, receipt of which is hereby acknowledged, and to avoid unnecessary litigation, and incorporating by reference the preceding terms and definitions, the parties agree to settle any disputes between them as follows:

		
	1.
	Severance Payment; Transition Period; Post-Employment Consulting. 

a. As consideration for your entering into this Agreement, Company agrees to pay you the amount of One Million Nine Hundred Seven Thousand and Two Hundred and Eighty-Five Dollars ($1,907,285.00), reduced by all required payroll deductions and withholdings (the “Severance Payment”). Company will pay you Ten Thousand Dollars ($10,000.00) of the Severance Payment in accordance with its standard biweekly payroll policy and cycle, on or about the first payroll cycle following the expiration of the Revocation Period set forth in Section 18 of this Agreement, provided that you have signed the Agreement and do not provide a revocation notice during the Revocation Period. 

b. Company will pay you the remaining Severance Payment, One Million Eight Hundred Ninety-Seven Thousand Two Hundred Eighty-Five Dollars ($1,897,285.00), in accordance with its standard biweekly payroll policy and cycle, on or about the first payroll cycle following the expiration of the Revocation Period set forth in Section 7 of the General Release of Claims in the form attached to this Agreement as Exhibit A (the “Second Release”) provided that (i) you have executed and delivered to Company the Second Release; (ii) Company must not receive a Revocation Notice prior to the expiration of the Revocation Period set forth in Section 7 of the Second Release; (iii) you must remain continuously employed by Company in good standing through the entire period from the date of this letter through the Separation Date (the “Transition Period”); (iv) throughout the Transition Period you must continue to comply with all Company policies and work in good faith to perform your duties as assigned to you (including satisfactory completion of all transition projects assigned by Company and any other open tasks as reasonably requested); and (v) you have complied with the terms of this Agreement.  

c. During the Transition Period, you will remain a full-time employee of Company, compensated based on your current annual salary.

d. Provided you have signed this Agreement and Second Release, and further provided that the revocation periods of both this Agreement and the Second Release have elapsed without you exercising your right to revoke either this Agreement or the Second Release, you and the Company will enter into a consulting relationship pursuant to the terms of a consulting letter agreement in the form attached hereto as Exhibit B.  You understand and agree that any breach of Exhibit B by Company shall not constitute a breach of or provide grounds for you to rescind this Agreement or the Second Release.

2.    Benefits. Your medical, vision and dental benefits provided to you as a Company employee will end on the last day of the calendar month in which the Separation Date occurs.  Under separate cover, a COBRA letter will be mailed to you from Company or its COBRA vendor.  Should you make a timely election to continue health care coverage pursuant to COBRA, your coverage for the plans elected will retroactively take effect from the date that your Company medical benefits ended.  Further 

instructions and costs will be outlined in your COBRA materials.  All other benefits provided to you as a Company employee will terminate as of the Separation Date.

3.    Return of Company Property. You agree to return promptly to Company all Company Entity property that is in your possession or otherwise under your control, including without limitation, any of Company’s and its customers’ documentation and records (including all copies thereof), any personal computing devices, mobile devices, technical resource and accompanying data (including any and all copies thereof), and any other equipment and office keys and badges. If you have used your personal accounts or devices for company business, you will promptly forward to your manager any work-related communications through your personal accounts or devices prior to the Separation Date, and irretrievably delete such communications from your personal accounts and devices once Company has confirmed receipt. You also agree to provide to Company a list of your passwords and access information used for Company business, including copies, and to irretrievably delete such passwords and access information from your personal accounts and devices, and destroy any physical copies, once Company has confirmed receipt.  Notwithstanding the foregoing, you are entitled to retain as your personal property the lap top computer and cellular telephone, including the telephone number, issued to you by Company, provided you permit Company to delete all Company-related data from both devices prior to them becoming your personal property. 

4.    Outplacement Services. As further consideration for this Agreement, you shall also be entitled to a twelve month (12) month outplacement service session through a vendor selected by Company, at Company’s expense.  The outplacement services vendor will contact you after both (a) you have complied with Section 3 above and (b) the expiration of the Revocation Periods in both Agreements without revocation by you. 

5.    Release of Claims. In exchange for the consideration provided in this Agreement, you, on behalf of yourself and any of your past, present and future spouses, heirs, executors, administrators, successors, attorneys, and assigns, agree to and hereby do irrevocably waive and release the Releasees from any and all claims, charges, demands, obligations, damages, liabilities or causes of action of any kind whatsoever (hereinafter “claims”), whether known or unknown, suspected or unsuspected, that you have or may have against Releasees by reason of any act, omission, transaction or event occurring up to and including the date you sign this Agreement, including, without limitation, any claim related to or arising out of your employment with Company, or termination of that employment, without regard to whether such claims are based on alleged breach of an obligation or duty arising in contract, tort, statute or otherwise. It is expressly understood and agreed by you that this waiver and release includes, but is not limited to, any and all claims for breach of contract, fraud, defamation, infliction of emotional distress, wrongful termination, discrimination, harassment, retaliation, whistleblower, and/or any statutory rights that you may have under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Older Workers’ Benefit Protection Act (“OWBPA”), the Family Medical Leave Act, the Americans with Disabilities Act, the Rehabilitation Act, the Equal Pay Act, the Genetic Information and Discrimination Act, the Worker Adjustment and Retraining Notification Act, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, and any other federal, state, local, or foreign law, rule, regulation, code or ordinance (statutory, regulatory, or otherwise) that may be legally waived and released.  This release is not intended to apply to claims which you cannot legally waive, such as for unemployment or workers’ compensation benefits.

This Agreement is a full, final, and unconditional release of all claims by you, known or unknown, asserted or unasserted, arising out of the matters released above. You waive all rights or benefits that you may now or in the future have under any state, federal or local law limiting the effect of a general release. This release and waiver is not a mere recital, but is a known waiver of rights and benefits. You acknowledge and agree that the release and waiver in this Section 5 is a bargained-for provision of this Agreement and is further consideration for the covenants and conditions contained herein, and Company is entering into this Agreement in reliance on such release. You acknowledge that you intend that this Agreement shall be effective as a bar to each and every one of the claims hereinabove mentioned or implied.  You expressly consent that this Agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown, unsuspected or unanticipated claims (notwithstanding any statute that expressly limits the effectiveness of a general release of unknown, unsuspected or unanticipated claims), if any, as well as those relating to any other claims hereinabove mentioned or implied that may exist up to and including the date you sign this Agreement.  You further agree that if you bring a claim seeking damages or relief against any of the Releasees, or if you seek to recover against any of the Releasees in any claim brought by a governmental agency on your behalf, the release set forth in this Agreement shall serve as a complete defense to such claims, and you shall reimburse the Releasees for any attorneys’ fees or expenses or other fees and expenses incurred in defending any such claim.

Without in any way limiting the generality of the foregoing release of claims, you agree that, other than (i) the Severance Payment set forth in Section 1 above, (ii) any compensation you earn during the Transition Period, (iii) the Pro-Rated Performance Based Restricted Stock Units to which you are entitled pursuant to section 4(a)(iii) of Trimble’s January 31, 2017 Age and Service Equity Vesting Program and section 2(b)(v) of your May 4, 2017 Executive Severance Agreement (the Age and Service Equity Vesting Program and Executive Severance Agreement refer to the same pro-rated performance based restricted stock units and do not give you the right to duplicative restricted stock units), and (iv) any reimbursement of outstanding business related expenses 

to which you are entitled under Company’s business expense reimbursement policy, you are not entitled to, and shall not receive, any other compensation, remuneration, bonus, incentive plan payout, severance, benefit, consideration, payment or incentive (including any capital stock, stock option, stock appreciation right or any other equity-based incentive) or any reimbursement of any expenses of any kind or nature or expectation of remuneration from any of the Releasees, whether pursuant to any pre-existing or contemporaneous oral or written agreement or otherwise. You further agree and acknowledge that you will not be entitled to receive any unvested portion of any equity awards granted to you by the Company prior to the Separation Date. You shall be solely responsible for payment of your own costs and attorneys’ fees related to this Agreement.

You fully understand that, if any fact with respect to any matter covered by this Agreement is found hereafter to be other than or different from the facts now believed by you to be true, you expressly accept and assume that this Agreement shall be and remain effective, notwithstanding such difference in the facts.

6.    No Pending, New or Continued Claims; No Unlawful Conduct. You expressly and specifically represent, warrant, confirm and agree (i) that you have not filed, and have not assisted any third party in filing, any claims, complaints, or actions of any kind (including but not limited to civil and administrative claims and actions) against Releasees; (ii) that you will not bring any new or further proceedings against Releasees before any court, administrative agency, or any other forum based upon any liability, claims, demands, actions, or cause of action, which are the subject of this Agreement; and (iii) that you have not engaged in any unlawful conduct relating to the business of Company.

7.    Confidentiality. 

a.  You expressly agree to keep the terms of this Agreement, including but not limited to the Severance Payment, completely confidential and agree that you will not disclose any information concerning this Agreement to anyone, including, but not limited to, any past, present or prospective clients, employees, shareholders, agents, suppliers or competitors of the Company. The only exceptions shall be disclosure to your spouse, legal, tax, and financial advisers, or as may be legally required by law or as necessary to implement this Agreement.  You may also disclose the terms of Sections 8.d and 8.f below to prospective or future employers.  You agree to condition any disclosure concerning the terms of this Agreement that is permitted under this Section upon an agreement by the recipient not to disclose the information to anyone else.

b.  In the event that you are served with a subpoena, court order, or similar legal process requiring the disclosure of information protected by this Section 7, you agree to give Company written notice to the person listed in Section 18 below within a reasonable time, but not less than two business days before the date of production or testimony.

c.   You further acknowledge and agree that any breach of this Confidentiality Provision or disclosure of the terms of this Agreement would result in irreparable harm and damage to Company and that actual damages caused by a breach of this Confidentiality Provision would be difficult to establish or fix, and that it is therefore reasonable under these circumstances to establish and limit the damages for any such breach or violation in advance.  Accordingly, you agree that you will be liable to Company for liquidated damages in the amount of One Hundred Thousand Dollars ($100,000.00) for each and every breach of this Confidentiality Provision by you or anyone you disclose the terms of this Agreement to.  In addition to its liquidated damage remedies, Company may seek injunctive and other equitable relief to enforce this Confidentiality Provision.

8.    Company Confidential Information. You acknowledge and agree that in the course of your employment with the Company, you have had access to and/or made use of certain confidential information relating to the business activities of the Company. Such confidential information includes, but is not limited to, the Company’s practices and processes in managing its human resources such as recruiting, retention, compensation and training; the Company’s business strategies including marketing and distribution; financial results; pricing data; key persons to contact with regard to customer accounts and customer needs; market surveys and research data; contractual agreements between the Company and customers, distributors and other persons or entities; compilations of information and records that are owned by the Company and are regularly used in the operation of the Company’s business; and other information that is kept confidential by the Company. 

a. You agree that you will continue to abide by and comply with your obligations in, restrictions in and the terms of any written agreements between you and the Company concerning the use and protection of confidential and proprietary information and/or containing restrictive covenants such as non-solicitation obligations, and that this Agreement does not extinguish any such written agreements which continue in full force and effect. You have a continuing obligation of confidence and non-disclosure with respect to any and all confidential information and trade secrets that you acquired during the course of your employment with Company.  Notwithstanding the foregoing, in the event you signed any agreement with the Company that includes any non-solicitation and/or non-competition obligation that is inconsistent with the non-solicitation and non-competition covenants contained in this Section 8, the non-solicitation and non-competition covenants contained in this Section 8 shall control.

b. You further represent and agree that all files, computer programs, records, documents, lists, specifications, and similar items relating to the business activities of the Company, including any and all copies, whether prepared by you or otherwise coming into your possession, custody or control, are property of the Company and have been or will be returned immediately by you to the Company in accordance with Section 3, and that you will not remove from the premises of the Company any such property or information.

c. Neither this Section 8, nor the provisions any other written agreement between you and Company is intended to violate the federal Defend Trade Secrets Act.  Under that Act, you may not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that:  (A) is made either: (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if the filing is made under seal.

d. You agree that for a period of one (1) year following your Separation Date, you will not, directly or indirectly, whether as an employee, officer, consultant, owner, advisor, investor, or otherwise, in any location in which the Company conducts business or has customers:  (i) render advice or services to, or otherwise assist, any person or entity who is engaged, directly or indirectly, in a Competing Business; (ii) hold a 2.5% or greater equity, voting or profit participation interest in any person or entity who is engaged, directly or indirectly in a Competing Business; or (iii) carry on or be in any way engaged in or have business dealings with a Competing Business.  For purposes of this Section, “Competing Business” is defined as Procore, Bentley, Autodesk, and Hexagon, including all of their respective subsidiaries and affiliated entities.  Notwithstanding the foregoing, with the prior written consent from the Company, you may accept employment with or otherwise be engaged by or involved with a Competing Business.

e. While Section 8.d is in effect and no later than the first day after the date you accept employment, or enter into any other professional or business engagement with any other person or entity, you agree to provide the Company with the name and address of the person or entity you accepted employment with, or entered into any other professional or business engagement.

f.  You agree that for a period of two (2) years following your Separation Date, you will not, directly or indirectly, hire, attempt to hire, recruit, offer employment to, or in any other manner solicit anyone who is an employee or consultant of the Company to terminate employment or consultancy with the Company, or to accept employment with or otherwise provide services to you or any third party.

g. You understand and agree that, in the event of a breach or threatened breach of this Section 8 and/or Section 10 below by you, the Company will suffer immediate and irreparable harm for which money alone cannot fully compensate the Company and, therefore, the Company shall be entitled to obtain injunctive relief from a court of competent jurisdiction to enforce this Agreement without the necessity of proof of actual damage and without posting of any bond or other security.  This Subsection shall not be construed as an election of any remedy, or as a waiver of any right available to the Company under this Agreement or the law, including the right to seek damages from you for breach of this Agreement, nor shall this Subsection be construed to limit the Company’s rights and remedies available under applicable law for violation of Sections 8 or 10.

9.    Protected Activity. You understand and agree that, if legally permissible, nothing in this Agreement is intended to or shall prohibit you from engaging in any activities protected under whistleblower statutes, filing a complaint with or participating in any investigation or proceeding conducted by a federal, state or local government agency, such as the Equal Employment Opportunity Commission (“EEOC”), National Labor Relations Board, or Securities and Exchange Commission, or from receiving and fully retaining a monetary award from a government-administered whistleblower award program for providing information directly to a government agency. However, to the extent legally permissible, you agree to waive your right to recover damages or other monetary compensation in connection with any such government agency proceeding or lawsuit filed by or on your behalf.  You further understand and agree that nothing in this Agreement is intended to interfere with your right under the National Labor Relations Act or applicable state law to discuss the terms and conditions of your employment.

10.    No Disparagement and No Admission.  You agree that at all times you will not provide any negative commentary or make any disparaging statements about Company (except to the extent required to give truthful testimony under oath), and will not make any false statements about Company.  The Company agrees that at all times its officers who have knowledge of this Agreement will not provide any negative commentary or make any disparaging statements about you (except to the extent required to give truthful testimony under oath), and will not make any false statements about you.  Neither Company’s agreement to pay to you the amounts provided for in this Agreement nor any other covenant or agreement of Company under this Agreement constitutes, and will not be deemed, construed or interpreted in whole or in part to constitute, an admission of guilt, culpability, wrongdoing or liability on the part of Company or Releasees in connection with any claims against Company or with respect to 

any other matter involving Releasees. You acknowledge and understand that Releasees expressly deny that they have any liability to you or in any way violated any obligation owed to you.

11.    Social Media Platforms. From and after the Separation Date, you agree to remove from your accounts on any social media platform or networking site (including, but not limited to, Twitter, Facebook, and LinkedIn) any statement or inference that you are currently employed by Company or any of the Releasees.  

12.    Your Availability and Cooperation.  You agree to make yourself reasonably available from time to time upon request by Company for your assistance in connection with any matter related, directly or indirectly, to your former employment, without additional consideration for any such assistance except as expressly set forth below in this Section 12.  You further agree and understand that you will make yourself available, cooperate in any reasonable manner, and provide assistance in connection with any investigation, litigation or other legal proceeding which relates to your previous employment.  Company will work to ensure that the cooperation or assistance requested from you will not unreasonably interfere with any subsequent employment you obtain.  If Company requests such cooperation, Company will reimburse you for your reasonably incurred out-of-pocket expenses in connection therewith.

13.    Entire Agreement. This Agreement constitutes the entire agreement between the parties and no statement or representation by any agent of Releasees has been relied on by you or has induced you to enter into this Agreement. The parties agree that this Agreement constitutes the entire agreement between you and Company and, except as provided in this Agreement, supersedes any and all prior agreements or understandings, written or oral, between the parties.  This includes but is not limited to Trimble’s January 31, 2017 Age and Service Equity Vesting Program and your May 4, 2017 Executive Severance Agreement, except as set forth in section 5 above.  This Agreement may only be amended or modified by the mutual written agreement of the parties.

14.    Severability; Waiver. Should any part of this Agreement be declared or determined by a court of competent jurisdiction to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining parts shall not be affected thereby, and said illegal, invalid or unenforceable part shall be deemed not to be a part of this Agreement. Any waiver by either party of any right to receive the benefit of or enforce any term or condition of this Agreement will not be deemed a continuing waiver of such right.

15.    Choice of Law. This Agreement will be governed exclusively by, and will be interpreted, construed and enforced exclusively in accordance with, the laws of the State of Colorado. Any legal proceeding arising out or relating to this Agreement will be subject to the exclusive jurisdiction of the federal and state courts located in the state of Colorado, and each party irrevocably consents to the jurisdiction and venue of said courts and waives any right to object thereto. You and Company agree that the prevailing party in any such proceeding shall be entitled to an award of her or its costs and expenses incurred in any such proceeding, including her or its reasonable attorneys’ fees, in addition to any other relief to which the party may be entitled.  Regardless of which party may have drafted this Agreement, no rule of strict construction shall be applied against either party.

16.    Inurement. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, administrators, representatives, executors, successors, and assigns. You expressly warrant that you have not transferred to any person or entity any rights, causes of action, or claims released by this Agreement.

17.    Consideration Period. This Agreement is offered by the Company on December 6, 2019.  You agree and acknowledge that this offer shall remain available, unless otherwise rejected by you or revoked by the Company, until no later than end of day on December27, 2019, which is not less than twenty-one (21) days following the date this Agreement is offered (such period, the “Consideration Period”). You may use the full Consideration Period to consider this offer before accepting and executing it. You may accept the offer only by returning an executed copy of this Agreement to the Company. If the Agreement is not accepted by you before the end of the Consideration Period, the offer shall be deemed rejected and this Agreement shall be automatically revoked by the Company. If you waive the full Consideration Period and sign the Agreement without waiting the full Consideration Period, you agree and acknowledge that the waiver was your own decision, knowing and voluntary, and not induced through fraud, misrepresentation, or threat to withdraw or alter the offer. You and the Company agree that any later agreed-upon changes to this Agreement, whether material or immaterial, do not restart the running of the Consideration Period.  

18.    Revocation Period. You agree and acknowledge that you have a full seven (7) days after the date on which you sign this Agreement (as evidenced by the date of your signature on the Agreement) in which to revoke it (the “Revocation Period”). You have been and are hereby advised in writing that this Agreement shall not become effective or enforceable, and Company shall have no payment obligations to you, until the Revocation Period has expired. Any such revocation must be made in writing and sent via express courier or US mail, return receipt requested, to E. Michael Scarpa, Trimble Inc., 10368 Westmoor Drive, Westminster, CO 80021, and shall only be effective if delivered to Company (for personal delivery or express courier) or postmarked 

(for delivery by mail) prior to the expiration of the Revocation Period (as evidenced by the delivery receipt or supporting records).  If revocation is sent via mail, please also send a contemporaneous email to mike_scarpa@trimble.com notifying us of such election.

19.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Signatures delivered via facsimile or electronic transmission shall have the same force, validity, and effect as the originals.

20.    Re-Employment. In the event that you seek re-employment with Company or any affiliated company, or Company or any affiliated company seek to re-hire you, you agree to advise those persons involved in the hiring process of the receipt of the Severance Payment so that Company may determine if re-employment should be conditioned on repayment, in whole or in part. You agree and acknowledge that Company shall be under no obligation to re-hire you.
21.    Upon Signing. By signing this Agreement, you agree, acknowledge and certify: 
a.  that you have carefully read the terms of this Agreement, that you have been advised by Company to consult an attorney of your own choice prior to executing this Agreement, that you have had an opportunity to do so and that you understand this Agreement’s terms, conditions and effects, including the waiver and release; 
b.  that you are receiving consideration from Company that you would not otherwise be entitled to receive; 
c.   that you knowingly and voluntarily enter into this Agreement without fraud, duress, or any undue influence; 
d.  that you are not waiving any rights or claims that may arise after the date you sign this Agreement; 
e.  that you are, through this Agreement, releasing the Releasees from any and all claims you have or may have against them, including without limitation any and all claims under the Age Discrimination in Employment Act (“ADEA”), as amended by the OWBPA; and 
f.  that you knowingly and voluntarily agree to all of the terms set forth in this Agreement and intend to be legally bound by the terms of this Agreement.

Trimble Inc.

Dated:     12-6-19                    /s/ E. MICHAEL SCARPA
E. Michael Scarpa
Chief Human Resources Officer

AGREED TO AND ACCEPTED BY:

Dated:     12-6-19                    /s/ ROSALIND BUICK
Rosalind Buick

[exhibits omitted]Exhibit

TRIMBLE INC.
AMENDED AND RESTATED 2002 STOCK PLAN

PERFORMANCE STOCK OPTION AGREEMENT

Unless otherwise defined herein, the capitalized terms used in this Performance Stock Option Agreement shall have the same defined meanings as set forth in the Trimble Inc. Amended and Restated 2002 Stock Plan (the “Plan”).
		
	I.
	NOTICE OF STOCK OPTION GRANT

Name (Optionee):              Robert Painter
Employee ID:
You have been granted an Option to purchase shares of the Common Stock of the Company, subject to the terms and conditions of the Plan and this Performance Stock Option Agreement (the “Option Agreement”), as follows: 
Grant Number:    
Date of Grant:    January 4, 2020
Exercise Price per Share:    US$ 41.51
Total Number of Shares Granted:    208,847
            (Total Shares)
Total Exercise Price    US$ 8,669,238.97
Type of Option:    Non-Qualified Stock Option 
Expiration Date:    January 3, 2030
		
	Vesting Terms:
	Set forth in the following page under the heading “Vesting Conditions and Schedule”

Vesting Conditions and Schedule

Except as otherwise provided below, the Option shall vest and become exercisable with respect to the number of Shares set forth in the following schedule, provided that
		
	(1)
	each Performance Goal may be met at any time on or prior to the expiration of the fifth anniversary following the Date of Grant (the “Performance Period”); and

		
	(2)
	no vesting shall occur before (and the Optionee must continue his status as a Service Provider through) the third anniversary of the Date of Grant (the “Minimum Service Vesting Date”). 

Accordingly, any Option tranche corresponding to a Performance Goal that is attained on or prior to the Minimum Service Vesting Date shall vest on the Minimum Service Vesting Date, and any Option tranche corresponding to a Performance Goal that is attained after the Minimum Service Vesting Date but before the end of the Performance Period shall vest on the date that the Performance Goal is attained. Any Option tranche that has not vested prior to the expiration of the Performance Period shall be forfeited.

	
		
	Performance Goal (1)
	Number of Shares (2)

	10% Trimble Stock Price Appreciation
	1/3 of the Total Shares

	20% Trimble Stock Price Appreciation
	2/3 of the Total Shares

	30% Trimble Stock Price Appreciation
	3/3 of the Total Shares 

		
	(1)
	Once met, each goal will be considered attained, even if the price of the Common Stock later recedes.

		
	(2)
	The number of shares subject to each Option tranche shall be rounded down to the nearest whole number, with any fractional number of shares added to the subsequent tranche.

“Trimble Stock Price Appreciation” means a fraction, where the numerator is the Stock Price Increase and the denominator is the Exercise Price Per Share (multiplied by 100 to yield a percentage).
“Stock Price Increase” means the difference of (a) the average of the per share closing price of the Common Stock on the Nasdaq Global Select market over a cumulative period of 20 trading days minus (b) the Exercise Price Per Share.
For the avoidance of doubt, in no event shall this Option vest and become exercisable for more than 100% of the Total Shares.
If, during the Performance Period, the Company terminates the Optionee’s employment other than for Cause, death or disability, or the Optionee terminates his employment for Good Reason (as those terms, “Cause” and “Good Reason,” are defined in the Executive Severance Agreement between the Company and the Optionee), then:
		
	(1)
	if such termination occurs before the Minimum Service Vesting Date, then the minimum service vesting requirement shall be waived and any Option tranche corresponding to a Performance Goal that has been attained as of or before the date of such termination shall vest;

		
	(2)
	as to any Options that have not vested as of the date of such termination (after giving effect to clause (1) above), 50% of such Options shall vest (with any fractional shares subject to the Option rounded down); and

		
	(3)
	for the avoidance of doubt, this Option shall not be considered a “Time Based Equity Award” under the Executive Severance Agreement between the Company and the Optionee.

Anything in the foregoing to the contrary notwithstanding, in the event that the Optionee ceases to be a Service Provider as a result of the Optionee’s death, all Options that are unvested as of such date shall automatically vest and become immediately exercisable. 
Forfeiture
Except as provided above under the heading “Vesting Conditions and Schedule,” upon the date that the Optionee ceases to be a Service Provider for any reason, all unvested Options shall be forfeited. The date that the Optionee ceases to be a Service Provider for purposes of the Option will be the date described in Part II, Paragraph H.13 below. 
Post-Termination Exercise Period:
The vested portion of this Option may be exercised for twelve (12) months after the Optionee ceases to be a Service Provider (including the death or Disability of the Optionee).  The date the Optionee ceases to be a Service Provider for purposes 

of this Option will be the date described in Part II, Paragraph H.13 below. In no event shall any portion of this Option be exercised later than the Expiration Date as provided above.
		
	II.
	OPTION AGREEMENT

A.Grant of Option.
The Administrator hereby grants to the person named in the Notice of Stock Option Grant (the “Notice of Grant”) attached as Part I of this Option Agreement (the “Optionee”) an Option to purchase the number of Shares, as set forth in the Notice of Grant, at the Exercise Price per Share set forth in the Notice of Grant (the “Exercise Price”), subject to the terms and conditions of the Plan, which is incorporated herein by reference, and this Option Agreement.  Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail.
B.Exercise of Option.
1.Right to Exercise.  This Option is exercisable during its term in accordance with the Vesting Conditions and Schedule set out in the Notice of Grant and the applicable provisions of the Plan and this Option Agreement.
2.Method of Exercise.  This Option is exercisable by (i) electronic exercise in accordance with an approved automated exercise program or (ii) delivery of an exercise notice, in the form designated by the Company from time to time (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan.  The Exercise Notice shall be completed by the Optionee and delivered to the Company.  The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares.  This Option shall be deemed to be exercised upon receipt by the Company of the Exercise Price and the Tax-Related Items (as defined in Paragraph F below).
C.Method of Payment.
Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee and to the extent permitted under Applicable Laws:
1.cash (in U.S. dollars); or
2.check (denominated in U.S. dollars); or
3.consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan; or
4.subject to the sole discretion of the Administrator, surrender of other Shares which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares.
D.Non-Transferability of Option.
This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee.  The terms of the Plan and this Option Agreement, shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
E.Term of Option.
This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.
F.Tax Obligations.
The Optionee acknowledges that, regardless of any action taken by the Company or, if different, the Optionee’s employer (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Optionee’s participation in the Plan and legally applicable to him or her (“Tax-

Related Items”) is and remains the Optionee’s responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer.  The Optionee further acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Option, including, without limitation, the grant, vesting or exercise of this Option, the issuance of Shares upon exercise of this Option, the subsequent sale of Shares acquired pursuant to such issuance and the receipt of any dividends; and (b) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate the Optionee’s liability for Tax-Related Items or achieve any particular tax result.  Furthermore, if the Optionee is subject to Tax-Related Items in more than one jurisdiction, the Optionee acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.
Prior to any relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items.  In this regard, the Optionee authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any witholding obligations with regard to Tax-Related Items by one or a combination of the following:
1.requiring the Optionee to make a payment in a form acceptable to the Company; or
2.withholding from the Optionee’s wages or other cash compensation paid to the Optionee; or
3.withholding from proceeds of the sale of Exercised Shares acquired upon exercise, either through a voluntary sale or through a mandatory sale arranged by the Company (on the Optionee’s behalf pursuant to this authorization without further consent); or
4.withholding in Exercised Shares to be issued upon exercise of this Option;
5.any other method of withholding determined by the Company.
The Company may withhold or account for Tax-Related Items by considering statutory or other withholding rates, including minimum or maximum rates applicable in the Optionee’s jurisdiction(s).  In the event of over-withholding, the Optionee may receive a refund of any over-withheld amount in cash (with no entitlement to the equivalent in Shares), or if not refunded, the Optionee may be required to pay any additional Tax-Related Items directly to the applicable tax authority or to the Company and/or Employer.  If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Optionee will be deemed to have been issued the full number of Exercised Shares, notwithstanding that some Shares are held back solely for the purpose of paying the Tax-Related Items.
The Company may refuse to issue or deliver Shares or the proceeds of the sale of Shares if the Optionee fails to comply with his or her obligations in connection with the Tax-Related Items.
G.Code Section 409A.
The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan, this Option Agreement or the Notice of Grant or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Administrator determines are necessary or appropriate to ensure that this Option qualifies for exemption from, or complies with the requirements of, Section 409A of the Code; provided, however, that the Company makes no representation that the Option will be exempt from, or will comply with, Section 409A of the Code, and makes no undertakings to preclude Section 409A of the Code from applying to the Option or to ensure that it complies with Section 409A of the Code.
H.Nature of Option Grant.
In accepting this Option, the Optionee acknowledges, understands and agrees that:
1.the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;
2.the grant of this Option is exceptional, voluntary and occasional and does not create any contractual or other right to receive future stock options, or benefits in lieu of stock options, even if stock options have been granted in the past;

3.all decisions with respect to future stock option or other grants, if any, will be at the sole discretion of the Company;
4.this Option grant and the Optionee’s participation in the Plan shall not create a right to employment or be interpreted as forming an employment or service contract with the Company, the Employer or any Subsidiary or Affiliate, and shall not interfere with the ability of the Company, the Employer or any Subsidiary or Affiliate, as applicable, to terminate the Optionee’s Service Provider relationship at any time;
5.the Optionee’s participation in the Plan is voluntary;
6.unless otherwise agreed with the Company, this Option and the Optioned Stock, and the income and value of same, are not granted as consideration for, or in connection with the service the Optionee may provide as a director of a Subsidiary or Affiliate of the Company;
7.this Option and the Optioned Stock are not intended to replace any pension rights or compensation;
8.this Option and the Optioned Stock, and the income and value of same, are not part of normal or expected compensation or salary for purposes of, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, leave-related payments, holiday pay, pension or retirement or welfare benefits or similar mandatory payments;
9.the future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with any certainty;
10.if the Optioned Stock does not increase in value, this Option will have no value;
11.if the Optionee exercises this Option and obtains Shares, the value of the Shares acquired upon exercise may increase or decrease, even below the Exercise Price;
12.no claim or entitlement to compensation or damages shall arise from forfeiture of this Option resulting from termination of the Optionee’s relationship as a Service Provider (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Optionee is engaged as a Service Provider or the terms of the Optionee's employment or service agreement, if any);
13.for purposes of this Option, the Optionee’s relationship as a Service Provider will be considered terminated as of the date the Optionee is no longer actively providing services to the Company or one of its Subsidiaries or Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Optionee is engaged as a Service Provider or the terms of the Optionee’s employment or service agreement, if any); unless otherwise expressly provided in this Option Agreement or determined by the Company, (i) the Optionee’s right to vest in this Option under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., the period during which the Optionee is considered a Service Provider would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Optionee is engaged as a Service Provider or the terms of the Optionee’s employment or service agreement, if any);  and (ii) the period (if any) during which the Optionee may exercise this Option after the Optionee ceases to be a Service Provider will commence on the date the Optionee ceases to actively provide services and will not be extended by any notice period mandated under employment laws in the jurisdiction where the Optionee is engaged as a Service Provider or the terms of the Optionee’s employment or service agreement, if any; the Administrator shall have the exclusive discretion to determine when the Optionee is no longer actively providing services for purposes of this Option (including whether the Optionee may still be considered to be actively providing services while on a leave of absence); and
14.unless otherwise provided in the Plan or by the Company in its discretion, the Option and the benefits evidenced by this Option Agreement do not create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares.
I.No Advice Regarding Grant.
The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Optionee’s participation in the Plan, or the Optionee’s acquisition or sale of the underlying Shares.  

Optionee acknowledges, understands and agrees he or she should consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.
J.Compliance with Law.
Notwithstanding anything to the contrary contained herein, no Shares will be issued to the Optionee upon the exercise of this Option unless the Shares subject to the Option are then registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or, if such Shares are not so registered, the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act.  Further, no Shares will be issued until completion of any other applicable registration or qualification of the Shares under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of any applicable governmental regulatory body, or prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval the Company shall, in its absolute discretion, deem necessary or advisable.  By accepting this Option, the Optionee agrees not to sell any of the Shares received under this Option at a time when Applicable Laws or Company policies prohibit a sale.  
K.Insider Trading Restrictions / Market Abuse Laws.
The Optionee acknowledges that, depending on the Optionee’s or the Optionee’s broker’s country or where the Shares are listed, the Optionee may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions including, but not limited to, the United States and the Optionee’s country, which may affect his or her ability to acquire, sell or otherwise disclose Shares or rights to Shares (e.g., Options) under the Plan during such time as the Optionee is considered to have “inside information” regarding the Company (as defined by the laws in applicable jurisdictions).  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable insider trading policy of the Company.  The Optionee is responsible for ensuring compliance with any applicable restrictions and the Optionee should speak to his or her personal legal advisor on this matter.
L.Data Privacy Information and Consent.
The Company is located at 935 Stewart Drive, Sunnyvale, California 94085 U.S.A. and grants Options to employees of the Company and its Subsidiaries, at the Company’s sole discretion.  If the Optionee would like to participate in the Plan, the Optionee should review the following information about the Company’s data processing practices and declare his or her consent.
(a)Data Collection and Usage.  The Company collects, processes and uses the Optionee’s personal data, including his or her name, home address and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any Shares or directorships held in the Company, and details of all Options canceled, vested, exercised or outstanding in the Optionee’s favor, which the Company receives from him or her or the Employer.  If the Company offers the Optionee an Option grant under the Plan, then the Company will collect his or her personal data for purposes of allocating stock and implementing, administering and managing the Plan.  The Company’s legal basis for the processing of the Optionee’s personal data would be his or her consent.
(b)Stock Plan Administration Service Providers.  The Company transfers participant data to Fidelity Stock Plan Services, LLC (“Fidelity”), an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan.  In the future, the Company may select a different service provider and share the Optionee’s data with another company that serves in a similar manner.  The Company’s service provider will open an account for the Optionee to receive and trade Shares.  The Optionee will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to his or her ability to participate in the Plan.
(c)International Data Transfers.  The Company and its service providers are based in the United States. The Optionee should note that his or her country may have enacted data privacy laws that are different from the United States.  For example, the European Commission has issued a limited adequacy finding with respect to the United States that applies only to the extent companies register for the EU-U.S. Privacy Shield program, which is open to companies subject to Federal Trade Commission jurisdiction and in which the Company does not participate with respect to employee data.  The Company’s legal basis for the transfer of the Optionee’s personal data is the Optionee’s consent.
(d)Data Retention.  The Company will use the Optionee’s personal data only as long as is necessary to implement, administer and manage his or her participation in the Plan or as required to comply with legal or regulatory 

obligations, including under tax and security laws.  When the Company no longer needs the Optionee’s personal data, the Company will remove it from it from its systems.  If the Company keeps data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be relevant laws or regulations.
(e)Voluntariness and Consequences of Consent Denial or Withdrawal.  The Optionee’s participation in the Plan and his or her grant of consent is purely voluntary. The Optionee may deny or withdraw his or her consent at any time.  If the Optionee does not consent, or if you withdraw his or her consent, he or she cannot participate in the Plan.  This would not affect the Optionee’s salary as an employee or his or her career; the Optionee would merely forfeit the opportunities associated with the Plan.
(f)Data Subject Rights.  The Optionee may have a number of rights under data privacy laws in his or her country.  For example, in the European Union, the Optionee’s rights include the right to (a) request access or copies of personal data the Company processes, (b) rectification of incorrect data, (c) deletion of data, (d) restrictions on processing, (e) to lodge complaints with competent authorities in the Optionee’s country, and/or (f) request a list with the names and addresses of any potential recipients of the Optionee’s personal data.  To receive clarification regarding the Optionee’s rights or to exercise his or her rights please contact the Company at stock_administration@trimble.com.
By clicking on the data privacy acceptance box in the Company’s electronic procedures, the Optionee am declaring that he or she agrees with the data processing practices described herein and consent to the collection, processing and use of the Optionee’s personal data by the Company and the transfer of personal data to the recipients mentioned above, including recipients located in countries which do not adduce an adequate level of protection from a European (or other non-U.S.) data protection law perspective, for the purposes described above.
The Optionee also understands that the Company may rely on a different legal basis for the processing or transfer of Data in the future and/or request him or her to provide another data privacy consent.  If applicable and upon request of the Company or the Employer, the Optionee agrees to provide an executed data privacy consent form (or any other agreements or consents) that the Company and/or the Employer may deem necessary to obtain from the Optionee for the purpose of administering his or her participation in the Plan in compliance with the data privacy laws in his or her country, either now or in the future.  The Optionee understands and agrees that he or she will not be able to participate in the Plan if the Optionee fails to provide any such consent or agreement requested by the Company and/or the Employer. 
M.Electronic Delivery and Participation.
The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  The Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company.
N.Severability.
The provisions of this Option Agreement are severable, and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.
O.Imposition of Other Requirements.
The Company reserves the right to impose other requirements on the Optionee’s participation in the Plan, on this Option and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
P.Entire Agreement.
The Plan is incorporated herein by reference.  The Plan, this Option Agreement, and to the extent applicable, the Change in Control Severance Agreement between the Optionee and the Company and the Executive Severance Agreement between the Optionee and the Company, constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and the Optionee.  

Q.Governing Law; Venue.
This Option and this Option Agreement are governed by the internal substantive laws, but not the choice of law rules, of the State of Delaware, U.S.A.
For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Option or this Option Agreement, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the State of California, U.S.A. and agree that such litigation shall be conducted only in the courts of Santa Clara County, California, U.S.A., or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is made and/or to be performed.
R.Waiver.  
The Optionee acknowledges that a waiver by the Company of breach of any provision of this Option Agreement shall not operate or be construed as a waiver of any other provision of this Option Agreement or of any subsequent breach by the Optionee or any other optionee.
S.No Stockholder Rights Prior to Exercise.
The Optionee shall have no rights of a stockholder (including the right to distributions or dividends or to vote) unless and until Shares are issued pursuant to the terms of this Option Agreement.
T.Clawback Provision.
The Option and any financial gain thereof will be subject to recoupment in accordance with the Company’s Incentive Compensation Recoupment Policy, effective as of May 2, 2017, and as may be amended from time to time, and any clawback policy that is required to be adopted pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other Applicable Laws.

By the Optionee’s signature and the signature of the Company’s representative below OR BY THE OPTIONEE’S ACCEPTANCE OF THIS OPTION THROUGH THE COMPANY’S ONLINE ACCEPTANCE PROCEDURES, the Optionee and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan and this Option Agreement.  The Optionee has reviewed the Plan and this Option Agreement, in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Plan and Option Agreement.  The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Option Agreement.  The Optionee further agrees to notify the Company upon any change in the OPTIONEE’S residence address indicated below.

OPTIONEE:                    TRIMBLE INC.

________________________________        ___________________________________
Signature                    By

James A. Kirkland                
Print Name                    Print Name

General Counsel                
Residence Address                 Title

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