Document:

Amendment to Stock Incentive Plan

 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES 
  
 2004 Annual Report on Form 10-K 
  
 EXHIBIT 10.5(c) 
  
 AMENDMENT TO THE 
 BRIGGS & STRATTON CORPORATION 
 AMENDED AND RESTATED 
 STOCK INCENTIVE PLAN 
  
 WHEREAS,
the Company executed Stock Option Agreements as of August 4, 1999 (the “1999 Agreements”) that grant optionees stock options to purchase from the Company shares of its common stock at $74.53 per share during the period commencing on August
4, 2002 and ending on August 4, 2004, 
  
 WHEREAS, the Company
intends to publicly release its fiscal 2004 year-end financial information on or about August 5, 2004, and immediately prior to that date certain individuals will be prohibited from engaging in cashless exercises with respect to these options under
the Company’s policy on insider trading, and 
  
 WHEREAS, the
Company desires to provide all optionees the opportunity to exercise options under the 1999 Agreements for a limited period of time following the public release of its year-end financial information, 
  
 RESOLVED, the officers of the Company are authorized to amend the 1999
Agreements effective August 4, 2004 so that (a) the unexercised portion of any incentive stock option granted under the 1999 Agreements shall be converted to a non-qualified stock option, and (b) such option and any other unexercised option granted
under the 1999 Agreements shall expire on August 31, 2004.Amended & Restated Premium Option and Restricted Stock Program

 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES 
  
 2004 Annual Report on Form 10-K 
  
 EXHIBIT 10.6 
  
 AMENDED AND RESTATED PREMIUM OPTION AND 
 RESTRICTED STOCK PROGRAM 
  
 Effective July 1, 2004 
  

 As Amended and Restated 
 Effective 7-1-04 
  
 BRIGGS
& STRATTON CORPORATION 
  
 PREMIUM OPTION AND
RESTRICTED STOCK PROGRAM 
  
 As adopted by the Compensation
Committee on April 20, 2004 

 BRIGGS & STRATTON CORPORATION 
 PREMIUM OPTION AND RESTRICTED STOCK PROGRAM 
  

	1.0	Objectives 

  
 The Premium Option and Restricted Stock Program (“PORS Program”) is designed to build upon the Company’s Economic Value Added Incentive Compensation Plan (“EVA Plan”) by tying the interests of
all Senior Executives to the long term consolidated results of the Company. In this way, the objectives of Senior Executives throughout the Company will be more closely aligned with the Company’s Shareholders. Whereas the EVA Plan provides for
near and intermediate term rewards, the PORS Program provides a longer term focus by allowing Senior Executives to participate in the long-term appreciation in the equity value of the Company. In general, the PORS Program is structured such that
each year an amount equivalent to the Total Bonus Payout under the EVA Plan is invested on behalf of Senior Executives in restricted shares of the Company’s Stock (“Restricted Shares”) and an amount equivalent to the Senior
Executive’s Target Incentive Award is invested in premium options on the Company’s Stock (“PSOs”). The Restricted Shares vest five years after their date of grant. The PSOs vest and become exercisable after they have been held
for three years, and they expire at the end of five years. The PSOs are structured so that a fair return must be provided to the Company’s Shareholders before they become valuable. 
  

	2.0	Restricted Share Grants 

  
 For fiscal 2005 and subsequent years, the dollar amount to be invested in Restricted Shares for each Senior Executive shall be equal to the amount of each
Participant’s Total Bonus Payout determined under the EVA Plan. The number of Restricted Shares awarded shall be determined by dividing (a) the dollar amount of such Restricted Shares award by (b) the Fair Market Value of Company Stock on the
date of grant as determined by the Committee, rounded (up or down) to the nearest 10 shares. Fair Market Value is defined in the Company’s Stock Incentive Plan (“SIP Plan”). 
  
 All Restricted Shares shall vest on the fifth anniversary of the date of grant regardless of
whether such vesting date occurs before or after retirement and shall have such other terms and conditions as the Committee shall determine. 
  

	3.0	Premium Stock Option Grants 

  
 For fiscal 2005 and subsequent years, the dollar amount to be invested in PSOs for each Senior Executive shall be equal to the amount of each Participant’s Target
Incentive Award determined under the EVA Plan. The number of PSOs awarded shall be determined by dividing (a) the dollar amount of such PSO award by (b) the Black-Scholes value of a share of Company stock based on its Fair Market Value on the date
of the grant as determined by the Committee, rounded (up or down) to the nearest 10 shares. Fair Market Value is defined in the SIP Plan. 
  

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 All PSOs shall vest and be exercisable beginning on the third anniversary of the date of grant and shall terminate on the
fifth anniversary of the date of grant unless sooner exercised, unless the Committee determines other dates. 
  
 The exercise price for PSOs shall be 110% of the Fair Market Value per share of the Company’s Stock on the date of grant. 
  

	4.0	Limitations on Grants and Carryover 

  
 Notwithstanding Sections 2 and 3, the maximum number of Restricted Shares that may be granted to all Senior Executives for any Plan Year shall be 250,000, and the maximum
number of PSOs that may be granted to all Senior Executives for any Plan Year shall be 365,000. In the event that the limitations shall be in effect for any Plan Year, the dollar amount to be invested for each Senior Executive shall be reduced by
proration based on the aggregate Total Bonus Payouts or Target Incentive Awards of all Senior Executives so that the limitations are not exceeded. The amount of any such reduction shall be carried forward to subsequent years and invested in
Restricted Shares or PSOs to the extent the annual limitation is not exceeded in such years. 
  

	5.0	The Stock Incentive Plan 

  
 Except as modified herein, PSOs are Incentive Stock Options under the Company’s SIP Plan as amended from time to time to the extent they are eligible for treatment
as such under Section 422 of the Internal Revenue Code. If not eligible for ISO treatment, the PSOs shall constitute nonqualified stock options. Except as specifically modified herein, PSOs shall be governed by the terms of the Company’s SIP
Plan, and shall be granted as described in this Program annually unless the Committee modifies or terminates either the EVA Plan or the SIP Plan. As provided in the SIP Plan, all grants of PSOs to Participants who are subject to Sec. 16(b) of the
Securities Exchange Act of 1934 are subject to approval of the Company Shareholders. In the event such approval is not obtained, this Program shall terminate. 
  

	6.0	Definitions 

  
 All capitalized terms used herein that are not otherwise defined shall have the same meaning given to them in the Company’s Economic Value Added Incentive Compensation Plan. 
  

 2Form of Stock Option Agreement Under the Premium Option and Res Stock Program

 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES 
  
 2004 Annual Report on Form 10-K 
  
 EXHIBIT 10.6(a) 
  
 FORM OF STOCK OPTION AGREEMENT UNDER THE 
 PREMIUM OPTION AND RESTRICTED STOCK PROGRAM 
  
 Effective July 1, 2004 
  

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 THE BRIGGS & STRATTON CORPORATION STOCK INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
  

			
	Optionee:	  	[Name]
	No. of Shares:	  	[Number]
	Date of Grant:	  	[Date]
	Expiration Date:	  	[Date]
	Exercise Price:	  	$ [110% of Fair Market Value on grant date]

  
 BRIGGS & STRATTON
CORPORATION (the “Company”), a Wisconsin corporation, hereby grants to the above-named employee (the “Optionee”) under The Briggs & Stratton Corporation Stock Incentive Plan as amended and restated in the Incentive
Compensation Plan (the “Plan”) a stock option to purchase from the Company during the period commencing (except as otherwise provided herein) on [Date] and ending (except as otherwise provided herein) on the expiration date set forth above
(the “option term”) up to but not exceeding in the aggregate the number of shares set forth above of the Common Stock, $0.01 par value, of the Company (“Common Stock”) at the price per share set forth above, all in accordance
with and subject to the following terms and conditions: 
  
 1. No
shares subject to this option may be purchased before [Date]. On such date and from time to time thereafter, the shares subject to this option may be purchased during the option term. If the Optionee’s employment is terminated for any reason
prior to [Date], then, unless otherwise determined by (or pursuant to authority granted by) the Compensation Committee (the “Committee”) of the Board of Directors of the Company, this option shall not be exercisable. 
  
 2. If the effective date of retirement of the Optionee is before [Date], the
Optionee may make application (at least one month prior to retirement) to the Committee for this option to become exercisable on such effective date. Such application may be denied or granted in whole or in part. 
  
 The following additional provisions shall apply with respect to the exercise
of the option following termination of employment: (i) In the event that the Optionee’s employment shall be terminated by reason of death before the option is exercisable, the 

  

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option may thereafter be exercised for a period of one year from the date of death. (ii) In the event that the Optionee’s employment shall be terminated
by reason of Disability or Retirement, no shares may be purchased after a period of three years from the date of termination of employment; provided, however, that if the Optionee’s employment is terminated by reason of Disability or Retirement
and if the Optionee dies within three years of such termination of employment, this option shall continue to be exercisable for a period of 12 months from the date of death of the Optionee. (iii) In the event that an Optionee’s employment is
terminated for any other reason, no shares may be purchased after the date of termination of employment; except that the option, to the extent then exercisable, may be exercised for the balance of the option term. However, nothing in (i), (ii) or
(iii) above shall permit the purchase of any shares after the expiration date set forth above. The Optionee’s employment shall be deemed to be terminated when he or she is no longer employed by (i) the Company, a subsidiary or an affiliate
thereof, or (ii) a corporation, or a parent or subsidiary thereof, substituting a new option for the option granted by this Agreement (or assuming the option granted by this Agreement) by reason of a merger, consolidation, acquisition of property or
stock, separation, reorganization or liquidation. Leaves of absence shall not constitute termination of employment. 
  
 Notwithstanding anything in the foregoing to the contrary, to the extent permitted under Section 422 of the Code, if the Optionee’s employment is
terminated by reason of death, Disability or Retirement and the portion of this option that is otherwise exercisable during the post-termination period as provided above and as specified under Sections 5(f), (g) or (h) of the Plan, applied without
regard to Section 5(j) of the Plan, is greater than the portion that is exercisable as an incentive stock option during such post-termination period under Section 422, such post-termination period shall automatically be extended (but not beyond the
original option term) to the extent necessary to permit the Optionee to exercise this option either as an incentive stock option or, if exercised after the expiration periods that apply for purposes of Section 422, as a non-qualified stock option.

  
 3. Exercise of this option shall occur on the date (the
“Date of Exercise”) the Company receives at its principal executive offices (i) a written notice (the “Notice of Exercise”) specifying the number of shares to be purchased, and (ii) payment by certified 

  

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check, cashier’s check or confirmation of a wire transfer for the purchase price for such shares. In lieu of such payment by certified check,
cashier’s check or wire transfer, the Optionee may tender to the Company (i) outstanding shares of Common Stock, having a Fair Market Value, determined on the Date of Exercise, equal to the purchase price for the number of shares being
purchased, or (ii) a combination of shares of outstanding Common Stock, as described above, so valued and payment as aforesaid which equals said purchase price, together, in each case, with payment of any applicable stock transfer tax. If the Fair
Market Value, as so determined, of the shares tendered to the Company shall exceed the purchase price applicable to the number of shares being purchased, an appropriate cash adjustment will be made by the Company for any fractional share remaining.
The Company will not deliver shares of Common Stock being purchased upon any exercise of this option unless it has received an acceptable form of payment for all applicable withholding taxes or arrangements satisfactory to the Company for the
payment thereof have been made. Withholding taxes may be paid with outstanding shares of Common Stock (including Common Stock delivered upon exercise of this option), such Common Stock being valued at Fair Market Value on Date of Exercise. The
Optionee shall have no rights as a stockholder with respect to any shares covered by this option until the date of the issuance of a stock certificate for such shares. 
  
 4. This option is not transferable by the Optionee otherwise than by will or the laws of descent and distribution and is
exercisable during the Optionee’s lifetime only by the Optionee or by the guardian or legal representative of the Optionee. 
  
 5. The terms and provisions of this Agreement (including, without limiting the generality of the foregoing, terms and provisions relating to the option
price and the number and class of shares subject to this option) shall be subject to appropriate adjustment in the event of any recapitalization, merger, consolidation, disposition of property or stock, separation, reorganization, stock dividend,
issuance of rights, combination or split-up or exchange of shares, or the like. 
  
 6. Whenever the word “Optionee” is used herein under circumstances such that the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom this
option may be transferred by will or 

  

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by the laws of descent and distribution, it shall be deemed to include such person or persons. 
  
 7. The terms and provisions of the Plan (a copy of which will be furnished to the Optionee upon written request to the
Briggs & Stratton Corporation, 12301 West Wirth Street, Wauwatosa, Wisconsin 53222) are incorporated herein by reference. To the extent any provision of this Agreement is inconsistent or in conflict with any term or provision of the Plan, the
Plan shall govern. Capitalized terms not otherwise defined herein have the meaning set forth in the Plan. 
  
 IN WITNESS WHEREOF, this Incentive Stock Option Agreement has been duly executed as of [Date]. 
  

			
	 BRIGGS & STRATTON CORPORATION

		
	By	 	 
	 	 	 John S. Shiely
 Chairman, President and
 Chief Executive Officer

  

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