Document:

ex10_1.htm

    
      
Exhibit
      10.1

    

     

    TRIMBLE
      NAVIGATION LIMITED

     

    2002
      STOCK PLAN

    (as
      amended and restated October 19, 2007)

    

     

    1.      Purposes
      of the Plan.  The purposes of this 2002 Stock Plan
      are:

     

    
      	
            	
              ·

            	
              to
                attract and retain the best available personnel for positions of
                substantial responsibility,

            

    

     

    
      	
            	
              ·

            	
              to
                provide additional incentive to Employees, Directors and Consultants,
                and

            

    

     

    
      	
            	
              ·

            	
              to
                promote the success of the Company's
                business.

            

    

     

    Grants
      under the Plan may be Awards, Incentive Stock Options or Nonstatutory Stock
      Options, as determined by the Administrator at the time of grant.

     

    2.  Definitions.  As
      used herein, the following definitions shall apply:

     

    (a)
      “Administrator”
      means the Board or any of its Committees as shall be administering the Plan,
      in
      accordance with Section 4 of the Plan.

     

    (b)
      “Applicable
      Laws” means the requirements relating to the administration of stock
      incentive plans under U.S. state corporate laws, U.S. federal and state
      securities laws, the Code, any stock exchange or quotation system on which
      the
      Common Stock is listed or quoted and the applicable laws of any foreign country
      or jurisdiction where Options are, or will be, granted under the
      Plan.

     

    (c)
      “Award” means a grant of Shares, Restricted Stock or Restricted Stock
      Units or of any other right to receive Shares or cash pursuant to Section 7
      of
      the Plan.

     

    (d)
      “Award Agreement” means a written or electronic form of notice or
      agreement between the Company and an Awardee evidencing the terms and conditions
      of an individual Award.  The Award Agreement is subject to the terms
      and conditions of the Plan.

     

    (e)
      “Awarded Stock” means the Common Stock subject to an Award.

     

    (f)
      “Awardee” means the holder of an outstanding Award.

     

    (g)
      “Board” means the board of directors of the Company.

     

    (h)
      “Change in Control” means the occurrence of any of the following
      events:

     

    (i)    Any
      “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act)
      becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act),
      directly or indirectly, of securities of the Company representing fifty percent
      (50%) or more of the total voting power represented by the Company’s then
      outstanding voting securities; or

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (ii)   The
      consummation of the sale or disposition by the Company of all or substantially
      all of the Company’s assets;

     

    (iii)  A
      change
      in the composition of the Board occurring within a two-year period, as a result
      of which fewer than a majority of the directors are Incumbent
      Directors.  "Incumbent Directors" means directors who either
      (A) are Directors as of the effective date of the Plan, or (B) are
      elected, or nominated for election, to the Board with the affirmative votes
      of
      at least a majority of the Incumbent Directors at the time of such election
      or
      nomination (but will not include an individual whose election or nomination
      is
      in connection with an actual or threatened proxy contest relating to the
      election of directors to the Company); or

     

    (iv)  The
      consummation of a merger or consolidation of the Company with any other
      corporation, other than a merger or consolidation which would result in the
      voting securities of the Company outstanding immediately prior thereto
      continuing to represent (either by remaining outstanding or by being converted
      into voting securities of the surviving entity or its parent) at least fifty
      percent (50%) of the total voting power represented by the voting securities
      of
      the Company or such surviving entity or its parent outstanding immediately
      after
      such merger or consolidation.

     

    (i)
      "Code"
      means the Internal Revenue Code of 1986, as amended.

     

    (j)
      "Committee"
      means a committee of Directors appointed by the Board in accordance with
      Section 4 of the Plan.

     

    (k)
      "Common
      Stock" means the common stock of the Company.

     

    (l) 
      "Company"
      means Trimble Navigation Limited, a California corporation.

     

    (m)
      "Consultant"
      means any natural person, including an advisor, engaged by the Company or a
      Parent or Subsidiary to render services to such entity.

     

    (n)
      "Director"
      means a member of the Board.

     

    (o)
      "Disability"
      means total and permanent disability as defined in Section 22(e)(3) of the
      Code.

     

    (p)
      "Employee"
      means any person, including Officers and Directors, employed by the Company
      or
      any Parent or Subsidiary of the Company.  A Service Provider shall not
      cease to be an Employee in the case of (i) any leave of absence approved by
      the Company or (ii) transfers between locations of the Company or between
      the Company, its Parent, any Subsidiary, or any successor.  For
      purposes of Incentive Stock Options, no such leave may exceed ninety days,
      unless reemployment upon expiration of such leave is guaranteed by statute
      or
      contract.  If reemployment upon expiration of a leave of absence
      approved by the Company is not so guaranteed, then three (3) months
      following the 91st day of
      such leave
      any Incentive Stock Option held by the Optionee shall cease to be treated as
      an
      Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory
      Stock Option.  Neither service as a Director nor payment of a
      director's fee by the Company shall be sufficient to constitute “employment” by
      the Company.

    
      
        
        

      

      
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    (q) "Exchange
      Act" means the Securities Exchange Act of 1934, as amended.

     

    (r) "Fair
      Market Value" means, as of any date, the value of Common Stock determined as
      follows:

     

    (i)    If
      the
      Common Stock is listed on any estab­lished stock exchange or a national
      market system, including without limitation the Nasdaq National Market or The
      Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall
      be the closing sales price for such stock (or the closing bid, if no sales
      were
      reported) as quoted on such exchange or system on the day of determination,
      as
      reported in The Wall Street Journal or such other source as the
      Administrator deems reliable;

     

    (ii)   If
      the
      Common Stock is regularly quoted by a recognized securities dealer but selling
      prices are not reported, the Fair Market Value of a Share of Common Stock shall
      be the mean between the high bid and low asked prices for the Common Stock
      on
      the day of determination, as reported in The Wall Street Journal or
      such other source as the Administrator deems reliable; or

     

    (iii)  In
      the
      absence of an established market for the Common Stock, the Fair Market Value
      shall be determined in good faith by the Board.

     

    (s)
      "Incentive
      Stock Option" means an Option intended to qualify as an incentive stock
      option within the meaning of Section 422 of the Code and the regulations
      promulgated thereunder.

     

    (t)
      "Nonstatutory
      Stock Option" means an Option not intended to qualify as an Incentive Stock
      Option.

     

    (u)
      "Officer"
      means a person who is an officer of the Company within the meaning of
      Section 16 of the Exchange Act and the rules and regulations promulgated
      thereunder.

     

    (v)
      "Option"
      means a stock option granted pursuant to the Plan.

     

    (w)
      "Option
      Agreement" means a written or electronic form of notice or agreement between
      the Company and an Optionee evidencing the terms and conditions of an individual
      Option grant.  The Option Agreement is subject to the terms and
      conditions of the Plan.

     

    (x)
      "Optioned
      Stock" means the Common Stock subject to an Option.

     

    (y)
      "Optionee"
      means the holder of an outstanding Option.

     

    (z)
      “Outside Director” means a Director who is not an Employee.

     

    (aa) 
      "Parent"
      means a "parent corporation," whether now or hereafter existing, as defined
      in
      Section 424(e) of the Code.

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    (bb) 
      "Plan"
      means this 2002 Stock Plan, as amended.

     

    (cc) 
      "Restricted
      Stock" means Shares subject to certain restrictions, granted pursuant to Section
      7 hereof.

     

    (dd) 
      "Restricted
      Stock Unit" means the right to receive a Share, or the Fair Market Value of
      a
      Share in cash, granted pursuant to Section 7 hereof.

     

    (ee) 
      "Rule
      16b-3" means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3,
      as in effect when discretion is being exercised with respect to the
      Plan.

     

    (ff)  
      "Section 16(b)
      " means Section 16(b) of the Exchange Act.

     

    (gg) 
      "Service
      Provider" means an Employee, Director or Consultant.

     

    (hh) 
      "Share"
      means a share of the Common Stock, as adjusted in accordance with
      Section 13 of the Plan.

     

    (gg) 
      "Subsidiary" means a "subsidiary corporation", whether now or hereafter
      existing, as defined in Section 424(f) of the Code.

     

    3.  Stock Subject to the Plan.  Subject
      to the provisions of Section 13 of the Plan, the maximum aggregate number
      of Shares that may be awarded or optioned and delivered under the Plan is
      12,000,000 Shares plus (a) any Shares which have been previously reserved
      but not issued under the Company’s 1993 Stock Option Plan (the “1993 Plan”) as
      of the date of shareholder approval of this Plan, and (b) any Shares returned
      to
      the 1993 Plan as a result of termination of options granted under the 1993
      Plan.  The Shares may be authorized, but unissued, or reacquired
      Common Stock, all of which Shares may be granted as Incentive Stock Options
      and
      5% of which may be granted as Awards.

     

    If
      an
      Award or Option expires, is cancelled, forfeited or becomes unexercisable
      without having been exercised in full or otherwise settled in full, the
      undelivered Shares which were subject thereto shall, unless the Plan has
      terminated, become available for future Awards or Options under the
      Plan.

     

    4.  Administration
      of the Plan.

     

    (a)
      Procedure.

     

    (i)    Multiple
      Administrative Bodies.  Different Committees with respect to
      different groups of Service Providers may administer the Plan.

     

    (ii)   Section 162(m).  To
      the extent that the Administrator determines it to be desirable to qualify
      Awards or Options granted hereunder as "performance-based compensation" within
      the meaning of Section 162(m) of the Code, the Plan shall be administered
      by a Committee of two or more "outside directors" within the meaning of
      Section 162(m) of the Code.

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    (iii)  Rule
      16b-3.  To the extent desirable to qualify transactions hereunder
      as exempt under Rule 16b-3, the transactions contemplated hereunder shall be
      structured to satisfy the requirements for exemption under Rule
      16b-3.

     

    (iv)  Other
      Administration.  Other than as provided above, the Plan shall be
      administered by (A) the Board or (B) a Committee, which committee shall be
      constituted to satisfy Applicable Laws.

     

    (b)
      Powers
      of the Administrator.  Subject to the provisions of the Plan, and
      in the case of a Committee, subject to the specific duties delegated by the
      Board to such Committee, the Administrator shall have the authority, in its
      discre­tion:

     

    (i)    to
      select
      the Service Providers to whom Awards or Options may be granted
      hereunder;

     

    (ii)   to
      determine the number of shares of Common Stock, units of Restricted Stock Units
      or other amounts to be covered by each Award or Option granted hereunder, and
      in
      the case of Restricted Stock Units, to determine the amount, if any, of cash
      payment to be made to the Awardee;

     

    (iii)  to
      approve forms of agreement for use under the Plan;

     

    (iv)  to
      determine the terms and conditions, not inconsistent with the terms of the
      Plan,
      of any Award or Option granted hereunder.  Such terms and conditions
      include, but are not limited to, the exercise price, the time or times when
      Options may be exercised (which may be based on performance criteria), the
      time
      or times when Awards vest (which may be based on performance criteria), any
      vesting acceleration or waiver of forfeiture restrictions, and any restriction
      or limitation regarding any Award or Option or the shares of Common Stock
      relating thereto, based in each case on such factors as the Administrator,
      in
      its sole discretion, shall determine;

     

    (v)   to
      construe and interpret the terms of the Plan and Awards granted pursuant to
      the
      Plan;

     

    (vi)  to
      prescribe, amend and rescind rules and regulations relating to the Plan,
      including rules and regulations relating to sub-plans established for the
      purpose of satisfying applicable foreign laws;

     

    (vii)    
      to
      modify
      or amend each Award or Option (subject to Section 15(c) of the Plan),
      including the discretionary authority to extend the post-termination
      exercisability period of Options longer than is otherwise provided for in the
      Plan; provided, however, that the Administrator shall not reduce the exercise
      price of Options or cancel any outstanding Option and replace it with a new
      Option with a lower exercise price, where the economic effect would be the
      same
      as reducing the exercise price of the cancelled Option, without the approval
      of
      the Company’s shareholders;

    
      
        
        

      

      
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    (viii)   
      to
      allow
      Awardees or Optionees to satisfy withholding tax obligations by electing to
      have
      the Company withhold from the Shares to be issued upon exercise of an Option
      or
      vesting of an Award that number of Shares having a Fair Market Value equal
      to
      the minimum amount required to be withheld.  The Fair Market Value of
      the Shares to be withheld shall be determined on the date that the amount of
      tax
      to be withheld is to be determined.  All elections by an Awardee or
      Optionee to have Shares withheld for this purpose shall be made in such form
      and
      under such conditions as the Administrator may deem necessary or
      advisable;

     

    (ix)   to
      authorize any person to execute on behalf of the Company any instrument required
      to effect the grant of an Award or Option previously granted by the
      Administrator; and

     

    (x)    to
      make
      all other determinations deemed necessary or advisable for administering the
      Plan.

     

    (c)  Effect
      of Administrator's Decision.  The Administrator's decisions,
      determinations and interpretations shall be final and binding on all Awardees
      and Optionees and any other holders of Awards or Options.

     

    5.  Eligibility.  Nonstatutory
      Stock Options and Awards may be granted to Service
      Providers.  Incentive Stock Options may be granted only to
      Employees.

     

    6.  Limitations.

     

    (a)
      Each
      Option shall be designated in the Option Agreement as either an Incentive Stock
      Option or a Nonstatutory Stock Option.  However, notwithstanding such
      designation, to the extent that the aggregate Fair Market Value of the Shares
      with respect to which Incentive Stock Options are exercisable for the first
      time
      by the Optionee during any calendar year (under all plans of the Company and
      any
      Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
      Nonstatutory Stock Options.  For purposes of this Section 6(a),
      Incentive Stock Options shall be taken into account in the order in which they
      were granted.  The Fair Market Value of the Shares shall be determined
      as of the time the Option with respect to such Shares is granted.

     

    (b)
      Neither
      the Plan nor any Award or Option shall confer upon an Awardee or Optionee any
      right with respect to continuing that individual’s relationship as a Service
      Provider with the Company, nor shall they interfere in any way with the
      Awardee’s or Optionee's right or the Company's right to terminate such
      relationship at any time, with or without cause.

     

    (c)
      The
      following limitations shall apply to grants of Awards and Options:

     

    (i)    No
      Service Provider shall be granted, in any fiscal year of the Company, Options
      and Awards covering more than 600,000 Shares.

     

    (ii)   In
      connection with his or her initial service, a Service Provider may be granted
      Options and Awards covering an additional 900,000 Shares, which shall not count
      against the limit set forth in subsection (i) above.

       

      (iii)  The
        foregoing limitations shall be adjusted proportionately in connection with
        any
        change in the Company's capitalization as described in
        Section 13.

       

    

    
      (iv)  If
        an
        Award or Option is cancelled in the same fiscal year of the Company in which
        it
        was granted (other than in connection with a transaction described in Section
        13), the cancelled Option or Award will be counted against the limits set
        forth
        in subsections (i) and (ii) above.

       

    

    
      
        
        

      

      
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    7. 
      Awards.  All Awards shall be subject to the terms and
      conditions of the applicable Award Agreement, to the extent consistent with
      the
      terms of the Plan.  Awards may be granted either alone or in addition
      to Options granted under the Plan.  Upon each vesting date of a
      Restricted Stock Award, provided that the Awardee is then a Service Provider,
      the Awardee shall be entitled to receive the number of Shares vested without
      payment of any consideration to the Company, unless otherwise required by
      applicable law or determined by the Administrator.  Unless otherwise
      provided in the Award Agreement, Awardees of Restricted Stock will have full
      voting rights and be entitled to regular cash dividends with respect to the
      Shares subject to their Awards.  A Restricted Stock Award Agreement
      may provide that certain restrictions will apply to any such
      dividends.  Unless otherwise provided in the Award Agreement, upon
      each vesting date of a Restricted Stock Unit Award, provided the Awardee is
      then
      a Service Provider, the Awardee shall be entitled to receive, in the sole and
      absolute discretion of the Administrator, and without consideration to the
      Company (unless otherwise required by applicable law or determined by the
      Administrator), (a) a number of Shares equal to the number of Restricted Stock
      Units vesting on such vesting date, (b) a cash payment equal to the product
      of
      the number of Restricted Stock Units vesting on such vesting date and the Fair
      Market Value of one Share on such vesting date or (c) a combination of the
      foregoing.

     

    8. 
      Term
      of Plan.  Subject to Section 19 of the
      Plan, the Plan shall become effective upon its adoption by the
      Board.  It shall continue in effect for a term of ten (10) years
      unless terminated earlier under Section 15 of the Plan.

     

    9. 
      Term
      of Award or Option.  The term of each Option (and, to the extent
      applicable, the term of each Award) shall be ten (10) years from the date of
      grant or such shorter term as may be provided in the Award Agreement or Option
      Agreement.  However, in the case of an Incentive Stock Option granted
      to an Optionee who, at the time the Incentive Stock Option is granted, owns
      stock representing more than ten percent (10%) of the total combined voting
      power of all classes of stock of the Company or any Parent or Subsidiary, the
      term of the Incentive Stock Option shall be five (5) years from the date of
      grant or such shorter term as may be provided in the Option
      Agreement.

     

    
      10.
        Option
        Exercise Price and Consideration.

       

      (a)
        Exercise
        Price.  The per share exercise price for the Shares to be issued
        pursuant to exercise of an Option shall be determined by the Administrator,
        subject to the following:

       

      (i)    In
        the
        case of an Incentive Stock Option

       

      (A)
        granted
        to an Employee who, at the time the Incentive Stock Option is granted, owns
        stock representing more than ten percent (10%) of the voting power of all
        classes of stock of the Company or any Parent or Subsidiary, the per Share
        exercise price shall be no less than 110% of the Fair Market Value per Share
        on
        the date of grant.

       

      (B)
        granted
        to any Employee other than an Employee described in paragraph (A) immediately
        above, the per Share exercise price shall be no less than 100% of the Fair
        Market Value per Share on the date of grant.

       

    

    
      
        
        

      

      
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    (ii)  In
      the
      case of a Nonstatutory Stock Option, the per Share exercise price shall be
      no
      less than 100% of the Fair Market Value per Share on the date of
      grant.

     

    (iii)  Notwithstanding
      the foregoing, Options may be granted with a per Share exercise price of less
      than 100% of the Fair Market Value per Share on the date of grant pursuant
      to a
      merger or consolidation of or by the Company with or into another corporation,
      the purchase or acquisition of property or stock by the Company of another
      corporation, any spin-off or other distribution of stock or property by the
      Company or another corporation, any reorganization of the Company, or any
      partial or complete liquidation of the Company, if such action by the Company
      or
      other corporation results in a significant number of Employees or employees
      being transferred to a new employer or discharged, or in the creation or
      severance of the Parent-Subsidiary relationship.

     

    (b)
      Waiting
      Period and Exercise Dates.  At the time an Option is granted, the
      Administrator shall fix the period within which the Option may be exercised
      and
      shall determine any con­ditions that must be satisfied before the Option may
      be exercised.

     

    (c)
      Form
      of Consideration.  The Administrator shall determine the
      acceptable form of consideration for exercising an Option, including the method
      of payment.  In the case of an Incentive Stock Option, the
      Administrator shall determine the acceptable form of consideration at the time
      of grant.  Such consideration may consist entirely of:

     

    (i)    cash;

     

    (ii)  check;

     

    (iii)  promissory
      note;

     

    (iv)  other
      Shares which, in the case of Shares acquired directly or indirectly from the
      Company, (A) have been owned by the Optionee for more than six (6)
      months on the date of surrender, and (B) have a Fair Market Value on the
      date of surrender equal to the aggregate exercise price of the Shares as to
      which said Option shall be exercised;

     

    
      (v)      
        consideration
        received by the Company under a cashless exercise program approved by the
        Company;

       

      (vi)    
        a
        reduction in the amount of any Company liability to the Optionee, including
        any
        liability attributable to the Optionee's participation in any Company-sponsored
        deferred compensation program or arrangement;

       

      (vii)   
        any
        combination of the foregoing methods of payment; or

       

      (viii)   
        such
        other consideration and method of payment for the issuance of Shares to the
        extent permitted by Applicable Laws.

    

     

    11.  Exercise
      of Option; Termination as Service Provider.

    
      
        
        

      

      
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    (a)
      Procedure
      for Exercise; Rights as a Shareholder.  Any Option granted
      hereunder shall be exercisable according to the terms of the Plan and at such
      times and under such conditions as determined by the Administrator and set
      forth
      in the Option Agreement.  Unless the Administrator provides otherwise,
      vesting of Awards and Options granted hereunder shall be suspended during any
      unpaid leave of absence.  An Option may not be exercised for a
      fraction of a Share.

     

    An
      Option
      shall be deemed exercised when the Company receives: (i) written or
      electronic notice of exercise (in accordance with the Option Agreement) from
      the
      person entitled to exercise the Option or such person’s authorized agent, and
      (ii) full payment for the Shares with respect to which the Option is
      exercised.  Full payment may consist of any consideration and method
      of payment authorized by the Administrator and permitted by the Option Agreement
      and the Plan.  Shares issued upon exercise of an Option shall be
      issued in the name of the Optionee.  Until the Shares are issued (as
      evidenced by the appropriate entry on the books of the Company or of a duly
      authorized transfer agent of the Company), no right to vote or receive dividends
      or any other rights as a shareholder shall exist with respect to the Optioned
      Stock, notwithstanding the exercise of the Option.  The Company shall
      issue (or cause to be issued) such Shares promptly after the Option is
      exercised.  No adjustment will be made for a dividend or other right
      for which the record date is prior to the date the Shares are issued, except
      as
      provided in Sections 7 and 13 of the
      Plan.

     

    Exercising
      an Option in any manner shall decrease the number of Shares thereafter
      available, both for purposes of the Plan and for delivery under the Award or
      Option, by the number of Shares as to which the Option is
      exercised.

     

    (b)
      Termination
      of Relationship as a Service Provider.  If an Optionee ceases to
      be a Service Provider, other than upon the Optionee's death or Disability,
      the
      Optionee may exercise his or her Option within such period of time as is
      specified in the Option Agreement to the extent that the Option is vested on
      the
      date of termination (but in no event later than the expiration of the term
      of
      such Option as set forth in the Option Agreement).  In the absence of
      a specified time in the Option Agreement, the Option shall remain exercisable
      for three (3) months following the Optionee's termination.  If an
      Awardee ceases to be a Service Provider, for any reason, all unvested Shares
      covered by his or her Award, and all unvested Restricted Stock Units, shall
      be
      forfeited.  If, on the date of termination, the Optionee or Awardee is
      not vested as to his or her entire Option or Award, the Shares covered by the
      unvested portion of the Option or Award shall revert to the Plan.  If,
      after termination, the Optionee does not exercise his or her Option within
      the
      time specified by the Administrator, the Option shall terminate, and the Shares
      covered by such Option shall revert to the Plan.

     

    
      (c)
        Disability
        of Optionee.  If an Optionee ceases to be a Service Provider as a
        result of the Optionee's Disability, the Optionee may exercise his or her
        Option
        within such period of time as is specified in the Option Agreement to the
        extent
        the Option is vested on the date of termination (but in no event later than
        the
        expiration of the term of such Option as set forth in the Option
        Agreement).  In the absence of a specified time in the Option
        Agreement, the Option shall remain exercisable for twelve (12) months following
        the Optionee's termination.  If, on the date of termination, the
        Optionee is not vested as to his or her entire Option, the Shares covered
        by the
        unvested portion of the Option shall revert to the Plan.  If, after
        termination, the Optionee does not exercise his or her Option within the
        time
        specified herein, the Option shall terminate, and the Shares covered by such
        Option shall revert to the Plan.

    
      
        
        

      

      
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    (d)
      Death
      of Optionee.  If an Optionee dies while a Service Provider or
      within thirty (30) days (or such longer period of time not exceeding three
      (3)
      months as is determined by the Administrator), the Option may be exercised
      following the Optionee's death within such period of time as is specified in
      the
      Option Agreement to the extent that the Option is vested on the date of death
      (but in no event may the option be exercised later than the expiration of the
      term of such Option as set forth in the Option Agreement), by the personal
      representative of the Optionee's estate or by the person(s) to whom the Option
      is transferred pursuant to the Optionee's will or in accordance with the laws
      of
      descent and distribution.  In the absence of a specified time in the
      Option Agreement, the Option shall remain exercisable for twelve (12) months
      following Optionee's death.  If, at the time of death, Optionee is not
      vested as to his or her entire Option, the Shares covered by the unvested
      portion of the Option shall immediately revert to the Plan.  If the
      Option is not so exercised within the time specified herein, the Option shall
      terminate, and the Shares covered by such Option shall revert to the
      Plan.

     

    12.
      Transferability
      of Awards and Options.  Unless determined otherwise by the
      Administrator, an Award or Option may not be sold, pledged, assigned,
      hypothecated, transferred, or disposed of in any manner other 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.  If the Administrator makes an
      Award or Option transferable, such Award or Option shall contain such additional
      terms and conditions as the Administrator deems appropriate.

     

    13.
      Adjustments;
      Dissolution; Merger or Change in Control.

     

    (a)
      Adjustments.  In
      the event that any dividend or other distribution (whether in the form of cash,
      Shares, other securities, or other property), recapitalization, stock split,
      reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
      combination, repurchase, or exchange of Shares or other securities of the
      Company, or other change in the corporate structure of the Company affecting
      the
      Shares occurs, the Administrator, in order to prevent diminution or enlargement
      of the benefits or potential benefits intended to be made available under the
      Plan, may (in its sole discretion) adjust the number and class of Shares that
      may be delivered under the Plan and/or the number, class, and price of Shares
      covered by each outstanding Award and Option and the numerical limits of Section
      6.

     

    (b)
Dissolution
      or Liquidation.  In the event of the proposed dissolution or
      liquidation of the Company, the Administrator shall notify each Awardee and
      Optionee as soon as practicable prior to the effective date of such proposed
      transaction.  The Administrator in its discretion may provide for an
      Optionee to have the right to exercise his or her Option until ten (10) days
      prior to such transaction as to all of the Optioned Stock covered thereby,
      including Shares as to which the Option would not otherwise be
      exercisable.  The Administrator in its discretion may provide that the
      vesting of an Award accelerate at any time prior to such
      transaction.  To the extent it has not been previously exercised, an
      Option will terminate immediately prior to the consummation of such proposed
      action, and unvested Shares and Restricted Stock Units subject to an Award
      will
      be forfeited immediately prior to the consummation of such proposed
      action.

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    (c)
      Merger
      or Change in Control.  In the event of a merger of the Company
      with or into another corporation, or a Change in Control, each outstanding
      Award
      and Option shall be assumed or an equivalent award, option or right substituted
      by the successor corporation or a Parent or Subsidiary of the successor
      corporation.  In the event the successor corporation does not agree to
      assume the Award or Option, or substitute an equivalent option or right, the
      Administrator shall, in lieu of such assumption or substitution, provide for
      the
      Awardee or Optionee to have the right to vest in and exercise the Option as
      to
      all of the Optioned Stock, including Shares as to which the Option would not
      otherwise be vested or exercisable, and in the case of an Award, to vest in
      the
      entire Award.  If the Administrator makes an Option fully vested and
      exercisable in lieu of assumption or substitution in the event of a merger
      or
      Change in Control, the Administrator shall notify the Optionee that the Option
      shall be fully vested and exercisable for a period of fifteen (15) days from
      the
      date of such notice, and the Option will terminate upon the expiration of such
      period.  If, in such a merger or Change in Control, the Award or
      Option is assumed or an equivalent award or option or right is substituted
      by
      such successor corporation or a Parent or Subsidiary of such successor
      corporation, and if during a one-year period after the effective date of such
      merger or Change in Control, the Awardee’s or Optionee's status as a Service
      Provider is terminated for any reason other than the Awardee’s or Optionee's
      voluntary termination of such relationship, then (i) in the case of an Option,
      the Optionee shall have the right within three (3) months thereafter to exercise
      the Option as to all of the Optioned Stock, including Shares as to which the
      Option would not be otherwise exercisable, effective as of the date of such
      termination and (ii) in the case of an Award, the Award shall be fully vested
      on
      the date of such termination.

     

    For
      the
      purposes of this subsection (c), the Award or Option shall be considered assumed
      if, following the merger or Change in Control, the option or right confers
      the
      right to purchase or receive, for each Share of Awarded Stock and each
      Restricted Stock Unit subject to the Award, or each Share of Optioned Stock
      subject to the Option, in each case immediately prior to the merger or Change
      in
      Control, the consideration (whether stock, cash, or other securities or
      property) received in the merger or Change in Control by holders of Common
      Stock
      for each Share held on the effective date of the transaction (and if holders
      were offered a choice of consideration, the type of consideration chosen by
      the
      holders of a majority of the outstanding Shares); provided, however, that if
      such consideration received in the merger or Change in Control is not solely
      common stock of the successor corporation or its Parent, the Administrator
      may,
      with the consent of the successor corporation, provide for the consideration
      to
      be received upon the exercise of the Option, for each Share of Optioned Stock
      subject to the Option, and upon the vesting of an Award, for each Share of
      Awarded Stock and each Restricted Stock Unit to be solely common stock of the
      successor corporation or its Parent equal in fair market value to the per share
      consideration received by holders of Common Stock in the merger or Change in
      Control.

     

    14.
      Date
      of Grant.  Except for Options granted to Outside Directors under
      Section 15 hereof, the date of grant of an Award or Option shall be, for all
      purposes, the date on which the Administrator makes the determination granting
      such Award or Option, or such other later date as is determined by the
      Administrator.  Notice of the determination shall be provided to each
      Awardee and Optionee within a reasonable time after the date of such
      grant.

     

    15.
      Option
      Grants to Outside Directors.  All grants of Options to Outside
      Directors shall be automatic and non-discretionary and shall be made strictly
      in
      accordance with the following provisions:

     

    
      
        
          
          

        

        
          -11-

          
            

          

        

        
          
          

        

      

    

     

    (i)
         No
      person
      shall have any discretion to select which Outside Directors shall be granted
      Options or to determine the number of Shares to be covered by Options granted
      to
      Outside Directors.

     

    (ii)
        Each
      Outside Director shall be automatically granted an Option to purchase 15,000
      Shares (the "First Option") upon the date on which such person first
      becomes a Director, whether through election by the shareholders of the Company
      or appointment by the Board of Directors to fill a vacancy.

     

    (iii)  After
      a
      First Option has been granted to any Outside Director, each Outside Director
      shall thereafter be automatically granted an Option to purchase 10,000 Shares
      (a
      "Subsequent Option") on the day of each subsequent annual shareholders
      meeting at which such Outside Director is reelected to an additional term;
      provided, however, that no Subsequent Option shall be granted for the first
      annual shareholders meeting following the grant of a First Option to any
      director.

     

    (iv)  In
      the
      event that the number of Shares remaining available for grant under the Plan
      is
      less than the number of Shares required for an automatic grant pursuant to
      either subsection (ii) or (iii) hereof, then each such automatic grant shall
      be
      for that number of Shares determined by dividing the total number of Shares
      remaining available for grant by the number of Outside Directors on the
      automatic grant date.  Any further automatic grants shall then be
      deferred until such time, if any, as additional Shares become available for
      grant under the Plan through action to increase the number of Shares which
      may
      be issued under the Plan or through cancellation or expiration of Options
      previously granted under the Plan.

     

    (v)  The
      terms
      of an Option granted hereunder shall be consistent with the requirements set
      forth elsewhere in this plan, except that the Option shall become exercisable
      in
      installments cumulatively with respect to 1/36 of the Shares for each complete
      calendar month after the date of grant of such Option.

     

    (vi)  The
      number of Shares granted pursuant to subsections (ii) and (iii) hereof shall
      be
      adjusted proportionately in connection with any change in the Company's
      capitalization as described in Section 13.

     

    16.
      Amendment
      and Termination of the Plan.

     

    (a)
      Amendment
      and Termination.  The Board may at any time amend, alter, suspend
      or terminate the Plan.  The Board may not materially alter the Plan
      without shareholder approval, including by increasing the benefits accrued
      to
      participants under the Plan; increasing the number of securities which may
      be
      issued under the Plan; modifying the requirements for participation in the
      Plan;
      or including a provision allowing the Board to lapse or waive restrictions
      at
      its discretion.

     

    (b)
      Shareholder
      Approval.  The Company shall obtain shareholder approval of this
      Plan amendment to the extent necessary and desirable to comply with Applicable
      Laws and paragraph (c) below.

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

     

    (c)
      Effect
      of Amendment or Termination.  No amendment, alteration, suspension
      or termination of the Plan or any Award or Option shall (i) impair the rights
      of
      any Awardee or Optionee, unless mutually agreed otherwise between the Awardee
      or
      Optionee and the Administrator, which agreement must be in writing and signed
      by
      the Awardee or Optionee and the Company or (ii) permit the reduction of the
      exercise price of an Option after it has been granted (except for adjustments
      made pursuant to Section 13), unless approved by the Company’s
      shareholders.  Neither may the Administrator, without the approval of
      the Company’s shareholders, cancel any outstanding Option and replace it with a
      new Option with a lower exercise price, where the economic effect would be
      the
      same as reducing the exercise price of the cancelled
      Option.  Termination of the Plan shall not affect the Administrator's
      ability to exercise the powers granted to it hereunder with respect to Awards
      and Options granted under the Plan prior to the date of such termination. Any
      increase in the number of shares subject to the Plan, other than pursuant to
      Section 13 hereof, shall be approved by the Company’s shareholders.

     

    17.
      Conditions
      Upon Issuance of Shares; Deferred Compensation Legislation.

     

    (a)
      Legal
      Compliance.  Shares shall not be issued pursuant to the exercise
      of an Option or the vesting of an Award unless the exercise of such Option
      and
      the issuance and delivery of such Shares shall comply with Applicable Laws
      and
      shall be further subject to the approval of counsel for the Company with respect
      to such compliance.  The Plan is intended to comply with the
      requirements of Section 409A of the Code and Awards and Options granted under
      the Plan may be amended for purposes of such compliance.

     

    (b)
      Investment
      Representations.  As a condition to the exercise of an Option, the
      Company may require the person exercising such Option to represent and warrant
      at the time of any such exercise that the Shares are being purchased only for
      investment and without any present intention to sell or distribute such Shares
      if, in the opinion of counsel for the Company, such a representation is
      required.

     

    18.
      Inability
      to Obtain Authority.  The inability of the Company to obtain
      authority from any regulatory body having jurisdiction, which authority is
      deemed by the Company's counsel to be necessary to the lawful issuance and
      sale
      of any Shares hereunder, shall relieve the Company of any liability in respect
      of the failure to issue or sell such Shares as to which such requisite authority
      shall not have been obtained.

     

    19.
      Reservation
      of Shares.  The Company, during the term of this Plan, will at all
      times reserve and keep available such number of Shares as shall be sufficient
      to
      satisfy the requirements of the Plan.

     

    20.
      Shareholder
      Approval.  The Plan shall be subject to approval by the
      shareholders of the Company within twelve (12) months after the date the Plan
      is
      adopted.  Such shareholder approval shall be obtained in the manner
      and to the degree required under Applicable Laws.

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

     

    TRIMBLE
      NAVIGATION LIMITED

     

    2002 STOCK
      PLAN – STOCK OPTION AGREEMENT

     

    Unless
      otherwise defined herein, the capitalized terms used in this Stock Option
      Agreement shall have the same defined meanings as set forth in the Company’s
      2002 Stock Plan.

     

    
      	
              I.

            	
              NOTICE
                OF STOCK OPTION GRANT

            

    

     

    Name:

     

    Address:

     

    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 Stock Option Agreement,
      as follows:

     

    
      	
              Grant
                Number

            	 	 
	 	 	 
	
              Date
                of Grant

            	 	 
	 	 	 
	
              Vesting
                Commencement Date

            	 	 
	 	 	 
	
              Exercise
                Price per Share

            	
              $

            	 	 
	 	 	 
	
              Total
                Number of Shares Granted

            	 	 
	 	 	 
	
              Total
                Exercise Price

            	
              $

            	 	 
	 	 	 
	
              Type
                of Option:

            	
              ___
                Incentive Stock Option

            	 
	 	 	 
	 	
              ___
                Nonstatutory Stock Option

            	 
	 	 	 
	
              Term/Expiration
                Date:

            	 	 
	 	 	 
	
              Vesting
                Schedule:

            	 	 

    

     

    This
      Option shall be exercisable, in whole or in part, in accordance with the
      following schedule:

     

    20%
      of
      the Shares subject to this Option shall vest twelve months after the Vesting
      Commencement Date, and 1/60th of the
      Shares
      subject to this Option shall vest each month thereafter on the same day of
      the
      month as the Vesting Commencement Date, such that 100% of the Shares subject
      to
      this Option shall vest five (5) years from the Vesting Commencement Date
      subject to the Optionee continuing to be a Service Provider on such
      dates.

    

      
        
          
          

        

        
          -14-

          
            

          

        

        
          
          

        

      

    

     

    Termination
      Period:

     

     

    This
      Option may be exercised for three (3) months after Optionee ceases to be a
      Service Provider.  Upon the death or Disability of the Optionee, this
      Option may be exercised for twelve months after Optionee ceases to be a Service
      Provider.  In no event shall this Option be exercised later than the
      Term/Expiration Date as provided above.

     

     

    
      	
            	
              II.

            	
              AGREEMENT

            

    

     

    
      	
            	
              A.

            	
              Grant
                of Option.

            

    

     

    The
      Plan
      Administrator of the Company hereby grants to the Optionee named in the Notice
      of Grant attached as Part I of this Agreement (the “Optionee”) an option
      (the “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.  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.

     

    If
      designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this
      Option is intended to qualify as an Incentive Stock Option under
      Section 422 of the Code.  However, if this Option is intended to
      be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule
      of
      Code Section 422(d) it shall be treated as a Nonstatutory Stock Option
      (“NSO”).

     

    
      	
            	
              B.

            	
              Exercise
                of Option.

            

    

     

    (a)  Right
      to Exercise.  This Option is exercisable during its term in
      accordance with the Vesting Schedule set out in the Notice of Grant and the
      applicable provisions of the Plan and this Option Agreement.

     

    (b)  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 attached as Exhibit A (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.

     

     No
      Shares shall be issued pursuant to the exercise of this Option unless such
      issuance and exercise complies with Applicable Laws.  Assuming such
      compliance, for income tax purposes the Exercised Shares shall be considered
      transferred to the Optionee on the date the Option is exercised with respect
      to
      such Exercised Shares.

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              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:

     

    1.  cash;
      or

     

    2.  check;
      or

     

    3.  consideration
      received by the Company under a cashless exercise program implemented by the
      Company in connection with the Plan; or

     

    4.  surrender
      of other Shares which (i) in the case of Shares acquired either directly or
      indirectly from the Company, have been owned by the Optionee for more than
      six (6) months on the date of surrender, and (ii) 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
      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.

            

    

     

    (a)  Withholding
      Taxes.  Optionee agrees to make appropriate arrangements with the
      Company (or the Parent or Subsidiary employing or retaining Optionee) for the
      satisfaction of all Federal, state, local and foreign income and employment
      tax
      withholding requirements applicable to the Option exercise.  Optionee
      acknowledges and agrees that the Company may refuse to honor the exercise and
      refuse to deliver Shares if such withholding amounts are not delivered at the
      time of exercise.

     

    (b)  Notice
      of Disqualifying Disposition of ISO Shares.  If the Option granted
      to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of
      any
      of the Shares acquired pursuant to the ISO on or before the later of
      (1) the date two years after the Date of Grant, or (2) the date one
      year after the date of exercise, the Optionee shall immediately notify the
      Company in writing of such disposition.  Optionee agrees that Optionee
      may be subject to income tax withholding by the Company on the compensation
      income recognized by the Optionee.

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              G.

            	
              Entire
                Agreement; Governing Law.

            

    

     

    The
      Plan
      is incorporated herein by reference.  The Plan and this Option
      Agreement 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 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
      Optionee.  This agreement is governed by the internal substantive
      laws, but not the choice of law rules, of the state of California.

     

    
      	
            	
              H.

            	
              NO
                GUARANTEE OF CONTINUED SERVICE.

            

    

     

    OPTIONEE
      ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
      SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL
      OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION
      OR PURCHASING SHARES HEREUNDER).  OPTIONEE FURTHER ACKNOWLEDGES AND
      AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE
      VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED
      PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD,
      FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH OPTIONEE'S RIGHT OR
      THE
      COMPANY'S RIGHT TO TERMINATE OPTIONEE'S RELATIONSHIP AS A SERVICE PROVIDER
      AT
      ANY TIME, WITH OR WITHOUT CAUSE.

     

    By
      Optionee’s signature and the signature of the Company's representative below,
      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.  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.  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.  Optionee further agrees to notify the Company upon any
      change in the residence address indicated below.

     

    

    
      	
              OPTIONEE:

            	 	
              TRIMBLE
                NAVIGATION LIMITED

            	 
	 	 	 	 
	
               

            	 	
               

            	 
	
              Signature

            	 	
              By

            	 
	 	 	 	 
	 	 	 	
               

            
	
              Print
                Name

            	 	
              Print
                Name

            	 
	 	 	 	 
	 	 	 	 
	
              Residence
                Address

            	 	
              Title

            	 

    

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    

     

    TRIMBLE
      NAVIGATION LIMITED

     

    2002 STOCK
      PLAN – STOCK OPTION AGREEMENT

     

    (Outside
      Director Option)

     

    Unless
      otherwise defined herein, the capitalized terms used in this Stock Option
      Agreement shall have the same defined meanings as set forth in the Company’s
      2002 Stock Plan.

     

    
      	
              I.

            	
              NOTICE
                OF STOCK OPTION GRANT

            

    

     

    Name:

     

    Address:

     

    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 Stock Option Agreement,
      as follows:

     

    
      	
              Grant
                Number

            	 	 
	 	 	 
	
              Date
                of Grant

            	 	 
	 	 	 
	
              Vesting
                Commencement Date

            	 	 
	 	 	 
	
              Exercise
                Price per Share

            	
              $

            	 	 
	 	 	 
	
              Total
                Number of Shares Granted

            	 	 
	 	 	 
	
              Total
                Exercise Price

            	
              $

            	 	 
	 	 	 
	
              Type
                of Option:

            	
              Nonstatutory
                Stock Option

            	 
	 	 	 
	
              Term/Expiration
                Date:

            	 	 
	 	 	 
	
              Vesting
                Schedule:

            	 	 

    

     

    This
      Option shall be exercisable, in whole or in part, in accordance with the
      following schedule:

     

    This
      option shall vest and become exercisable cumulatively, to the extent of
      1/36th of the
      Shares subject to the Option for each complete calendar month after the date
      of
      grant of the Option.

    

      
        
          
          

        

        
          -18-

          
            

          

        

        
          
          

        

      

    

     

    Termination
      Period:

     

    This
      Option may be exercised for three (3) months after Optionee ceases to be a
      Service Provider.  Upon the death or Disability of the Optionee, this
      Option may be exercised for twelve months after Optionee ceases to be a Service
      Provider.  In no event shall this Option be exercised later than the
      Term/Expiration Date as provided above.

     

     

    
      	
              II.

            	
              AGREEMENT

            

    

     

    A.    Grant
      of Option.

     

    The
      Plan
      Administrator of the Company hereby grants to the Optionee named in the Notice
      of Grant attached as Part I of this Agreement (the “Optionee”) an option
      (the “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.  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.

     

    (a)    Right
      to Exercise.  This Option is exercisable during its term in
      accordance with the Vesting Schedule set out in the Notice of Grant and the
      applicable provisions of the Plan and this Option Agreement.

     

    (b)    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 attached as Exhibit A (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.

     

    No
      Shares
      shall be issued pursuant to the exercise of this Option unless such issuance
      and
      exercise complies with Applicable Laws.  Assuming such compliance, for
      income tax purposes the Exercised Shares shall be considered transferred to
      the
      Optionee on the date the Option is exercised with respect to such Exercised
      Shares.

     

    
      	
            	
              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:

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

     

    1.      cash;
      or

     

    2.        check;
      or

     

    3.      consideration
      received by the Company under a cashless exercise program implemented by the
      Company in connection with the Plan; or

     

    4.      surrender
      of other Shares which (i) in the case of Shares acquired either directly or
      indirectly from the Company, have been owned by the Optionee for more than
      six (6) months on the date of surrender, and (ii) 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
      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.

            

    

     

    Withholding
      Taxes.  Optionee agrees to make appropriate arrangements with the
      Company (or the Parent or Subsidiary employing or retaining Optionee) for the
      satisfaction of all Federal, state, local and foreign income and employment
      tax
      withholding requirements applicable to the Option exercise.  Optionee
      acknowledges and agrees that the Company may refuse to honor the exercise and
      refuse to deliver Shares if such withholding amounts are not delivered at the
      time of exercise.

     

    
      	
            	
              G.

            	
              Entire
                Agreement; Governing Law.

            

    

     

    The
      Plan
      is incorporated herein by reference.  The Plan and this Option
      Agreement 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 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
      Optionee.  This agreement is governed by the internal substantive
      laws, but not the choice of law rules, of the state of
      California.

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

     

    By
      Optionee’s signature and the signature of the Company's representative below,
      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.  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.  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.  Optionee further agrees to notify the Company upon any
      change in the residence address indicated below.

     

    
      	
              OPTIONEE:

            	 	
              TRIMBLE
                NAVIGATION LIMITED

            	 
	 	 	 	 
	
               

            	 	
               

            	 
	
              Signature

            	 	
              By

            	 
	 	 	 	 
	 	 	 	
               

            
	
              Print
                Name

            	 	
              Print
                Name

            	 
	 	 	 	 
	 	 	 	 
	
              Residence
                Address

            	 	
              Title

            	 
	 	 	 	 
	
               

            	 	 	 

    

    

      
        
          
          

        

        
          -21-

          
            

          

        

        
          
          

        

      

    

     

    TRIMBLE
      NAVIGATION LIMITED

     

    2002 STOCK
      PLAN – RESTRICTED STOCK UNIT AWARD AGREEMENT

     

    Unless
      otherwise defined herein, the capitalized terms used in this Award Agreement
      shall have the same defined meanings as set forth in the Company’s 2002 Stock
      Plan (the “Plan”).

     

    Name:

     

    Address:

     

    You
      have
      been awarded the right to receive shares of  Common Stock of the
      Company (“Shares”) or a cash equivalent, subject to the terms and conditions of
      the Plan and this Award Agreement, as follows:

     

    
      	
              Award
                Number

            	 	 
	 	 	 
	
              Award
                Date

            	
               

            	 
	 	 	 
	
              Total
                Number of Restricted Stock Units Awarded

            	 	 
	 	 	 
	
              Term/Expiration
                Date:

            	
               

            	 

    

     

    Vesting
      Schedule

     

    One
      hundred percent (100%) of the Restricted Stock Units subject to this Award
      shall
      vest thirty-six (36) months after the Award Date.  Vesting of
      Restricted Stock Units shall at all times be subject to your continuing to
      be a
      Service Provider of the Company on the applicable date of vesting.

     

    Settlement

     

    For
      each
      vested Restricted Stock Unit, you shall be entitled to receive (a) a number
      of
      Shares equal to the number of Restricted Stock Units vesting on such vesting
      date, (b) a cash payment equal to the product of the number of Restricted Stock
      Units vesting on such vesting date and the Fair Market Value of one Share on
      such vesting date or (c) a combination of the foregoing.  Such payment
      of Shares and/or cash shall be made at the Company’s discretion under the terms
      of the Plan.

     

    Forfeiture

     

    Upon
      the
      date that you cease to be a Service Provider, for any reason, all unvested
      Restricted Stock Units shall be forfeited and revert to the Plan.

     

    Tax
      Obligations

     

    You
      agree
      that the Company (or the Parent or Subsidiary employing you) may deduct from
      any
      other compensation due to you by such party (including, without limitation,
      your
      salary, wages, bonuses, and/or commissions) in order to satisfy any Federal,
      state, local and foreign income and employment tax withholding requirements
      applicable to (a) this Award or (b) your receipt of Stock or cash in connection
      with any vested Restricted Stock Units awarded hereunder.

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

     

    NO
      GUARANTEE OF CONTINUED SERVICE

     

    YOU
      ACKNOWLEDGE AND AGREE THAT THE VESTING OF RESTRICTED STOCK UNITS PURSUANT TO
      THE
      VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER
      AT
      THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING AWARDED
      RESTRICTED STOCK UNITS, OR RECEIVING CASH OR SHARES HEREUNDER).  YOU
      FURTHER ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED
      HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS
      OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING
      PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH YOUR RIGHT
      OR
      THE COMPANY'S RIGHT TO TERMINATE YOUR RELATIONSHIP AS A SERVICE PROVIDER AT
      ANY
      TIME, WITH OR WITHOUT CAUSE.

     

    Entire
      Agreement; Governing Law

     

    The
      Plan
      is incorporated herein by reference.  The Plan and this Award
      Agreement 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 you and the Company with respect to the subject
      matter hereof, and may not be modified adversely to the your interest except
      by
      means of a writing signed by you and the Company.  This agreement is
      governed by the internal substantive laws, but not the choice of law rules,
      of
      the state of California.

     

    By
      your
      signature and the signature of the Company's representative below, you and
      the
      Company agree that this Award is governed by the terms and conditions of the
      Plan and this Award Agreement.  You have reviewed the Plan and this
      Award Agreement in their entirety, have had an opportunity to obtain the advice
      of counsel prior to executing this Award Agreement, and fully understand all
      provisions of the Plan and Award Agreement.  You hereby agree to
      accept as binding, conclusive and final all decisions or interpretations of
      the
      Administrator upon any questions relating to the Plan and Award
      Agreement.  You further agree to notify the Company upon any change in
      the residence address indicated below.

     

    
      
        	
                SERVICE
                  PROVIDER:

              	 	
                TRIMBLE
                  NAVIGATION LIMITED:

              	 
	 	 	 	 
	
                 

              	 	
                 

              	 
	
                Signature

              	 	
                By

              	 
	 	 	 	 
	 	 	
                 

              	 
	
                Print
                  Name

              	 	
                Print
                  Name

              	 
	 	 	 	 
	 	 	 	 
	
                Residence
                  Address

              	 	
                Title

              	 

      

    

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    TRIMBLE
      NAVIGATION LIMITED

     

    2002
      STOCK PLAN

     

    EXERCISE
      NOTICE

    
 

    Trimble
      Navigation Limited

    935
      Stewart Drive

    Sunnyvale,
      CA 94085

    

     

    Attention:  Stock
      Administrator

     

    1.  Exercise
      of Option.  Effective as of today, ________________, _____, the
      undersigned (“Purchaser”) hereby elects to purchase ______________ shares (the
“Shares”) of the Common Stock of Trimble Navigation Limited (the “Company”)
      under and pursuant to the 2002 Stock Plan (the “Plan”) and the Stock Option
      Agreement dated, ______________ (the “Option Agreement”).  Subject to
      adjustment in accordance with Section 12 of the Plan, the purchase price
      for the Shares shall be $_____, as required by the Option
      Agreement.

     

    2.  Delivery
      of Payment.  Purchaser herewith delivers to the Company the full
      purchase price for the Shares together with any required withholding taxes
      to be
      paid in connection with the exercise of the Option.

     

    3.  Representations
      of Purchaser.  Purchaser acknowledges that Purchaser has received,
      read and understood the Plan and the Option Agreement and agrees to abide by
      and
      be bound by their terms and conditions.

     

    4.  Rights
      as Shareholder.  Until the issuance (as evidenced by the
      appropriate entry on the books of the Company or of a duly authorized transfer
      agent of the Company) of the Shares, no right to vote or receive dividends
      or
      any other rights as a shareholder shall exist with respect to the Optioned
      Stock, notwithstanding the exer­cise of the Option.  The Shares so
      acquired shall be issued to the Optionee as soon as practicable after exercise
      of the Option.  No adjustment will be made for a divi­dend or
      other right for which the record date is prior to the date of issuance, except
      as pro­vided in Sec­tion 12 of the Plan.

     

    5.  Tax
      Consultation.  Purchaser understands that Purchaser may suffer
      adverse tax consequences as a result of Purchaser's purchase or disposition
      of
      the Shares.  Purchaser represents that Purchaser has consulted with
      any tax consultants Purchaser deems advisable in connection with the purchase
      or
      dis­position of the Shares and that Purchaser is not relying on the Company
      for any tax advice.

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

     

    6.  Entire
      Agreement; Governing Law.  The Plan and Option Agreement are
      incorporated herein by reference.  This Agreement, the Plan and the
      Option Agreement 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 Purchaser with respect to the
      subject matter hereof, and may not be modified adversely to the Purchaser's
      interest except by means of a writing signed by the Company and
      Purchaser.  This agreement is governed by the internal substantive
      laws, but not the choice of law rules, of the state of California.

     

    
      	
              Submitted
                by:

            	 	
              Accepted
                by:

            	 
	 	 	 	 
	
              PURCHASER:

            	 	
              TRIMBLE
                NAVIGATION LIMITED

            	 
	 	 	 	 
	
               

            	 	
              ­­­­­

            	 
	
              Signature

            	 	
              By

            	 
	 	 	 	 
	
              ­

            	 	
               

            	 
	
              Print
                Name

            	 	
              Print
                Name

            	 
	 	 	 	 
	 	 	 	 
	
              Address:

            	 	
               

            	 
	
               

            	 	 Title	 
	 	 	 	 
	
               

            	 	 	 
	 	 	 	 
	 	 	
               

            	 
	 	 	
              Date
                Received

            	 

    

     

     

     -25-ex10_2.htm

    
      

    

    Trimble
      Navigation Limited

    Deferred
      Compensation Plan

    
      Master
        Plan Document 
        
          

        

      

    

     

     

     

     

    Effective
      December 30, 2004

     

    (as
      amended and restated October 19, 2007)

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Trimble
        Navigation Limited

      Deferred
        Compensation Plan

      
        Master
          Plan Document 
          
            

          

           

        

      

    

    TABLE
      OF CONTENTS

     

    
      	 	 	
                Page

            
	
              ARTICLE 1

            	
              Definitions

            	
              1

            
	 	 	 
	
              ARTICLE 2

            	
              Selection,
                Enrollment, Eligibility

            	
              7

            
	 	 	 
	
              2.1

            	
              Selection
                by Committee

            	
              7

            
	
              2.2

            	
              Enrollment
                and Eligibility Requirements; Commencement of
                Participation

            	
              7

            
	 	 	 
	
              ARTICLE 3

            	
              Deferral
                Commitments/Company Contribution Amounts/Company Restoration Matching
                Amounts /Vesting/Crediting/Taxes

            	
              8

            
	 	 	 
	
              3.1

            	
              Minimum
                Deferrals

            	
              8

            
	
              3.2

            	
              Maximum
                Deferral

            	
              8

            
	
              3.3

            	
              Timing
                of DeferralElections; Effect of Election
                Form

            	
              9

            
	
              3.4

            	
              Withholding
                and Crediting of Annual Deferral Amounts

            	
              10

            
	
              3.5

            	
              Company
                Contribution Amount

            	
              10

            
	
              3.6

            	
              Vesting

            	
              11

            
	
              3.6

            	
              Crediting/Debiting
                of Account Balances

            	
              11

            
	
              3.8

            	
              FICA
                and Other Taxes

            	
              12

            
	 	 	 
	
              ARTICLE 4

            	
              Scheduled
                Distributions

            	
              13

            
	 	 	 
	
              4.1

            	
              Scheduled
                Distributions

            	
              13

            
	
              4.2

            	
              Postponing
                Scheduled Distributions

            	
              13

            
	
              4.3

            	
              Other
                Benefits Take Precedence Over Scheduled
                Distributions

            	
              13

            
	
              4.4

            	
              Unforeseeable
                Emergencies

            	
              14

            
	 	 	 
	
              ARTICLE 5

            	
              Change
                In Control Benefit

            	
              14

            
	 	 	 
	
              5.1

            	
              Change
                in Control Benefit

            	
              14

            
	
              5.2

            	
              Payment
                of Change in Control Benefit

            	
              14

            
	 	 	 
	
              ARTICLE 6

            	
              Retirement
                Benefit

            	
              15

            
	 	 	 
	
              6.1

            	
              Retirement
                Benefit

            	
              15

            
	
              6.2

            	
              Payment
                of Retirement Benefit

            	
              15

            
	 	 	 
	
              ARTICLE 7

            	
              Termination
                Benefit

            	
              16

            
	 	 	 
	
              7.1

            	
              Termination
                Benefit

            	
              16

            
	
              7.2

            	
              Payment
                of Termination Benefit

            	
              16

            
	 	 	 
	
              ARTICLE 8

            	
              Disability
                Benefit

            	
              16

            
	 	 	 
	
              8.1

            	
              Disability
                Benefit

            	
              16

            

    

     

    
      
        
        

      

      
        -i-

        
          

        

      

      
        
        

      

    

     

    
      Trimble
        Navigation Limited

      Deferred
        Compensation Plan

      
        Master
          Plan Document 

        
          

        

         

      

    

    
      	
              8.2

            	
              Payment
                of Disability Benefit

            	
              16

            
	 	 	 
	
              ARTICLE 9

            	
              Death
                Benefit

            	
              16

            
	 	 	 
	
              9.1

            	
              Death
                Benefit

            	
              16

            
	
              9.2

            	
              Payment
                of Death Benefit

            	
              16

            
	 	 	 
	
              ARTICLE 10

            	
              Beneficiary
                Designation

            	
              16

            
	 	 	 
	
              10.1

            	
              Beneficiary

            	
              16

            
	
              10.2

            	
              Beneficiary
                Designation; Change; Spousal Consent

            	
              17

            
	
              10.3

            	
              Acknowledgement

            	
              17

            
	
              10.4

            	
              No
                Beneficiary Designation

            	
              17

            
	
              10.5

            	
              Doubt
                as to Beneficiary

            	
              17

            
	
              10.6

            	
              Discharge
                of Obligations

            	
              17

            
	 	 	 
	
              ARTICLE 11

            	
              Leave
                of Absence

            	
              17

            
	 	 	 
	
              11.1

            	
              Paid
                Leave of Absence

            	
              17

            
	
              11.2

            	
              Unpaid
                Leave of Absence

            	
              18

            
	 	 	 
	
              ARTICLE 12

            	
              Termination
                of Plan, Amendment or Modification

            	
              18

            
	 	 	 
	
              12.1

            	
              Termination
                of Plan

            	
              18

            
	
              12.2

            	
              Amendment

            	
              18

            
	
              12.3

            	
              Plan
                Agreement

            	
              18

            
	
              12.4

            	
              Effect
                of Payment

            	
              18

            
	 	 	 
	
              ARTICLE 13

            	
              Administration

            	
              19

            
	 	 	 
	
              13.1

            	
              Committee
                Duties

            	
              19

            
	
              13.2

            	
              Administration
                Upon Change In Control

            	
              19

            
	
              13.3

            	
              Agents

            	
              20

            
	
              13.4

            	
              Binding
                Effect of Decisions

            	
              20

            
	
              13.5

            	
              Indemnity
                of Committee

            	
              20

            
	
              13.6

            	
              Employer
                Information

            	
              20

            
	 	 	 
	
              ARTICLE 14

            	
              Other
                Benefits and Agreements

            	
              20

            
	 	 	 
	
              14.1

            	
              Coordination
                with Other Benefits

            	
              20

            
	 	 	 
	
              ARTICLE 15

            	
              Claims
                Procedures

            	
              20

            
	 	 	 
	
              15.1

            	
              Presentation
                of Claim

            	
              20

            
	
              15.2

            	
              Notification
                of Decision

            	
              20

            
	
              15.3

            	
              Review
                of a Denied Claim

            	
              21

            

    

     

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

     

    
      Trimble
        Navigation Limited

      Deferred
        Compensation Plan

      
        Master
          Plan Document 
          
            

          

        

      

    

     

    
      	
              15.4

            	
              Decision
                on Review

            	
              21

            
	
              15.5

            	
              Legal
                Action

            	
              22

            
	 	 	 
	
              ARTICLE 16

            	
              Trust

            	
              22

            
	 	 	 
	
              16.1

            	
              Establishment
                of the Trust

            	
              22

            
	
              16.2

            	
              Interrelationship
                of the Plan and the Trust

            	
              22

            
	
              16.3

            	
              Distributions
                From the Trust

            	
              22

            
	 	 	 
	
              ARTICLE 17

            	
              Miscellaneous

            	
              22

            
	 	 	 
	
              17.1

            	
              Status
                of Plan

            	
              22

            
	
              17.2

            	
              Unsecured
                General Creditor

            	
              22

            
	
              17.3

            	
              Employer’s
                Liability

            	
              23

            
	
              17.4

            	
              Nonassignability

            	
              23

            
	
              17.5

            	
              Not
                a Contract of Employment

            	
              23

            
	
              17.6

            	
              Furnishing
                Information

            	
              23

            
	
              17.7

            	
              Terms

            	
              23

            
	
              17.8

            	
              Captions

            	
              23

            
	
              17.9

            	
              Governing
                Law

            	
              23

            
	
              17.10

            	
              Notice

            	
              23

            
	
              17.11

            	
              Successors

            	
              24

            
	
              17.12

            	
              Spouse’s
                Interest

            	
              24

            
	
              17.13

            	
              Validity

            	
              24

            
	
              17.14

            	
              Incompetent

            	
              24

            
	
              17.15

            	
              Domestic
                Relations Orders

            	
              24

            
	
              17.15

            	
              Insurance

            	
              24

            
	
              17.17

            	
              Distribution
                in the Event of Income Inclusion Under Code Section
                409A

            	
              24

            
	
              17.18

            	
              Deduction
                Limitation on Benefit Payments

            	
              25

            

    

     

     

    Copyright
      © 2004-2007

    By
      Clark Consulting, Inc.

    Executive
      Benefits Practice

    All
      Rights Reserved

     

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

    TRIMBLE
      NAVIGATION LIMITED

    DEFERRED
      COMPENSATION PLAN

    Effective
      December 30, 2004

    

     

    Purpose

     

    The
      purpose of this Plan is to provide specified benefits to Directors and a select
      group of management or highly compensated Employees who contribute materially
      to
      the continued growth, development and future business success of Trimble
      Navigation Limited, a California corporation, and its subsidiaries, if any,
      that
      sponsor this Plan.  This Plan shall be unfunded for tax purposes and
      for purposes of Title I of ERISA.

     

    Except
      as
      otherwise provided below, effective December 30, 2004 (the “Restatement Date”)
      the provisions of this Plan shall amend and restate the plan provisions of
      the
      Trimble Navigation Limited Nonqualified Deferred Compensation Plan effective
      February 10, 1994 (“Nonqualified Deferred Compensation Plan”) with respect to
      all account balances credited to the Nonqualified Deferred Compensation Plan;
      provided, however, the provisions of this Plan are not intended to modify
      or affect the trust provisions that relate to such account
      balances.

     

    The
      Plan
      is intended to comply with all applicable law, including Code Section 409A
      and
      related Treasury guidance and Regulations, and shall be operated and interpreted
      in accordance with this intention.  In order to transition to the
      requirements of Code Section 409A and related Treasury Regulations, the
      Committee may make available to Participants certain transition relief provided
      under Notice 2006-79, as described more fully in Appendix A of this
      Plan.

     

    ARTICLE
      1

    Definitions

     

    For
      the
      purposes of this Plan, unless otherwise clearly apparent from the context,
      the
      following phrases or terms shall have the following indicated
      meanings:

     

    
      	
              1.1

            	
              “Account
                Balance” shall mean, with respect to a Participant, an entry on the
                records of the Employer equal to the sum of the Participant’s Annual
                Accounts.  The Account Balance shall be a bookkeeping entry only
                and shall be utilized solely as a device for the measurement and
                determination of the amounts to be paid to a Participant, or his
                or her
                designated Beneficiary, pursuant to this
                Plan.

            

    

     

    If
      a
      Participant is both an Employee and a Director and participates in the Plan
      in
      each capacity, then separate Account Balances (and separate Annual Accounts,
      if
      applicable) shall be established for such Participant as a device for the
      measurement and determination of the (a) amounts deferred under the Plan that
      are attributable to the Participant’s status as an Employee, and (b)
      amounts deferred under the Plan that are attributable to the
      Participant’s status as a Director.

     

    
      	
              1.2

            	
              “Annual
                Account” shall mean, with respect to a Participant, an entry on the
                records of the Employer equal to (a) the sum of the Participant’s
                Annual Deferral Amount and Company Contribution Amount for any one
                Plan
                Year, plus (b) amounts credited or debited to such amounts pursuant
                to
                this Plan, less (c) all distributions made to the Participant or
                his or
                her Beneficiary pursuant to this Plan that relate to the Annual Account
                for such Plan Year.  The Annual Account shall be a bookkeeping
                entry only and shall be utilized solely as a device for the measurement
                and determination of the amounts to be paid to a Participant, or
                his or
                her designated Beneficiary, pursuant to this
                Plan.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
      	
              1.3

            	
              “Annual
                Deferral Amount” shall mean that portion of a Participant's Base Salary,
                Bonus, Commissions, Director Fees and LTIP Amounts that a Participant
                defers in accordance with Article 3 for any one Plan Year, without
                regard to whether such amounts are withheld and credited during such
                Plan
                Year.

            

    

     

    
      	
              1.4

            	
              “Annual
                Installment Method” shall mean the method used to determine the amount of
                each payment due to a Participant who has elected to receive a benefit
                over a period of years in accordance with the applicable provisions
                of the
                Plan.  The amount of each annual payment due to the Participant
                shall be calculated by multiplying the balance of the Participant’s
                benefit by a fraction, the numerator of which is one and the denominator
                of which is the remaining number of annual payments due to the
                Participant.  The amount of the first annual payment shall be
                calculated as of the close of business on or around the
                Participant’s Benefit Distribution Date, and the
                amount of each subsequent annual payment shall be calculated on or
                around
                each anniversary of such Benefit Distribution Date.  For
                purposes of this Plan, the right to receive a benefit payment in
                annual
                installments shall be treated as the entitlement to a single
                payment.

            

    

     

    
      	
              1.5

            	
              “Base
                Salary” shall mean the cash compensation relating to services performed
                during any calendar year, excluding distributions from nonqualified
                deferred compensation plans, bonuses, commissions, overtime, fringe
                benefits, stock options, relocation expenses, incentive payments,
                non-monetary awards, director fees and other fees, and automobile
                and
                other allowances paid to a Participant for employment services rendered
                (whether or not such allowances are included in the Employee’s gross
                income).  Base Salary shall be calculated before reduction for
                compensation voluntarily deferred or contributed by the Participant
                pursuant to all qualified or nonqualified plans of any Employer and
                shall
                be calculated to include amounts not otherwise included in the
                Participant's gross income under Code Sections 125, 402(e)(3), 402(h),
                or
                403(b) pursuant to plans established by any Employer; provided, however,
                that all such amounts will be included in compensation only to the
                extent
                that had there been no such plan, the amount would have been payable
                in
                cash to the Employee.

            

    

     

    
      	
              1.6

            	
              “Beneficiary”
                shall mean one or more persons, trusts, estates or other entities,
                designated in accordance with Article 10, that are entitled to
                receive benefits under this Plan upon the death of a
                Participant.

            

    

     

    
      	
              1.7

            	
              “Beneficiary
                Designation Form” shall mean the form established from time to time by the
                Committee that a Participant completes, signs and returns to the
                Committee
                to designate one or more
                Beneficiaries.

            

    

     

    
      	
              1.8

            	
              “Benefit
                Distribution Date” shall mean the date upon which all or an objectively
                determinable portion of a Participant’s vested benefits will become
                eligible for distribution.  Except as otherwise provided in the
                Plan, a Participant’s Benefit Distribution Date shall be determined based
                on the earliest to occur of an event or scheduled date set forth
                in
                Articles 4 through 9, as
                applicable.

            

    

     

    
      	
              1.9

            	
              “Board”
                shall mean the board of directors of the
                Company.

            

    

     

    
      	
              1.10

            	
              “Bonus”
                shall mean any compensation, in addition to Base Salary, Commissions
                and
                LTIP Amounts, earned by a Participant under any Employer's bonus
                and cash
                incentive plans.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
              1.11

            	
              “Change
                in Control” shall mean
                the occurrence of a “change in the ownership,” a “change in the effective
                control” or a “change in the ownership of a substantial portion of the
                assets” of a corporation, as determined in accordance with this
                Section.

            

    

     

    In
      order
      for an event described below to constitute a Change in Control  with
      respect to a Participant, except as otherwise provided in part (b)(ii) of this
      Section, the applicable event must relate to the corporation for which the
      Participant is providing services, the corporation that is liable for payment
      of
      the Participant’s Account Balance (or all corporations liable for payment if
      more than one), as identified by the Committee in accordance with Treas. Reg.
      §1.409A-3(i)(5)(ii)(A)(2), or such other corporation identified by the Committee
      in accordance with Treas. Reg. §1.409A-3(i)(5)(ii)(A)(3).

     

    In
      determining whether an event shall be considered a “change in the ownership,” a
“change in the effective control” or a “change in the ownership of a substantial
      portion of the assets” of a corporation, the following provisions shall
      apply:

     

    
      	
               

            	
              (a)

            	
              A
“change
                in the ownership” of
                the applicable corporation shall occur on the date on which any one
                person, or more than one person acting as a group, acquires ownership
                of
                stock of such corporation that, together with stock held by such
                person or
                group, constitutes more than 50% of the total fair market value or
                total
                voting power of the stock of such corporation, as determined in accordance
                with Treas. Reg. §1.409A-3(i)(5)(v).  If a person or group is
                considered either to own more than 50% of the total fair market value
                or
                total voting power of the stock of such corporation, or to have effective
                control of such corporation within the meaning of part (b) of this
                Section, and such person or group acquires additional stock of such
                corporation, the acquisition of additional stock by such person or
                group
                shall not be considered to cause a “change in the ownership” of such
                corporation.

            

    

     

    
      	
               

            	
              (b)

            	
              A
                “change in the effective control” of the applicable corporation shall
                occur on either of the following
                dates:

            

    

     

    
      	
               

            	
              (i)

            	
              The
                date on which any one person, or more than one person acting as a
                group,
                acquires (or has acquired during the 12-month period ending on the
                date of
                the most recent acquisition by such person or persons) ownership
                of stock
                of such corporation possessing 30% or more of the total voting power
                of
                the stock of such corporation, as determined in accordance with Treas.
                Reg. §1.409A-3(i)(5)(vi).  If a person or group is considered to
                possess 30% or more of the total voting power of the stock of a
                corporation, and such person or group acquires additional stock of
                such
                corporation, the acquisition of additional stock by such person or
                group
                shall not be considered to cause a “change in the effective control” of
                such corporation; or

            

    

     

    
      	
               

            	
              (ii)

            	
              The
                date on which a majority of the members of the applicable corporation’s
                board of directors is replaced during any 12-month period by directors
                whose appointment or election is not endorsed by a majority of the
                members
                of such corporation’s board of directors before the date of the
                appointment or election, as determined in accordance with Treas.
                Reg.
                §1.409A-3(i)(5)(vi).  In determining whether the event described
                in the preceding sentence has occurred, the applicable corporation
                to
                which the event must relate shall only include a corporation identified
                in
                accordance with Treas. Reg. §1.409A-3(i)(5)(ii) for which no other
                corporation is a majority
                shareholder.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (c)

            	
              A
                “change in the ownership of a substantial portion of the assets” of the
                applicable corporation shall occur on the date on which any one person,
                or
                more than one person acting as a group, acquires (or has acquired
                during
                the 12-month period ending on the date of the most recent acquisition
                by
                such person or persons) assets from the corporation that have a total
                gross fair market value equal to or more than 40% of the total gross
                fair
                market value of all of the assets of the corporation immediately
                before
                such acquisition or acquisitions, as determined in accordance with
                Treas.
                Reg. §1.409A-3(i)(5)(vii).  A transfer of assets shall not be
                treated as a “change in the ownership of a substantial portion of the
                assets” when such transfer is made to an entity that is controlled by the
                shareholders of the transferor corporation, as determined in accordance
                with Treas. Reg.
§1.409A-3(i)(5)(vii)(B).

            

    

     

    
      	
              1.12

            	
              “Code”
                shall mean the Internal Revenue Code of 1986, as it may be amended
                from
                time to time.

            

    

     

    
      	
              1.13

            	
              “Commissions”
                shall mean the cash commissions earned by a Participant during a
                Plan
                Year, as determined in accordance with Code Section 409A and related
                Treasury Regulations.

            

    

     

    
      	
              1.14

            	
              “Committee”
                shall mean the committee described in
                Article 13.

            

    

     

    
      	
              1.15

            	
              “Company”
                shall mean Trimble Navigation Limited, a California corporation,
                and any
                successor to all or substantially all of the Company’s assets or
                business.

            

    

     

    
      	
              1.16

            	
              “Company
                Contribution Amount” shall mean, for any one Plan Year, the amount
                determined in accordance with Section
                3.5.

            

    

     

    
      	
              1.17

            	
              “Director
                Fees” shall mean the annual fees earned by a Director from any Employer,
                including retainer fees and meetings fees, as compensation for serving
                on
                the board of directors.

            

    

     

    
      	
              1.18

            	
              “Disability”
                or “Disabled” shall mean that a Participant is either (a) unable to engage
                in any substantial gainful activity by reason of any medically
                determinable physical or mental impairment that can be expected to
                result
                in death or can be expected to last for a continuous period of not
                less
                than 12 months, or (b) by reason of any medically determinable physical
                or
                mental impairment that can be expected to result in death or can
                be
                expected to last for a continuous period of not less than 12 months,
                receiving income replacement benefits for a period of not less than
                3
                months under an accident and health plan covering employees of the
                Participant’s Employer.  For purposes of this Plan, a
                Participant shall be deemed Disabled if determined to be totally
                disabled
                by the Social Security Administration.  A Participant shall also
                be deemed Disabled if determined to be disabled in accordance with
                the
                applicable disability insurance program of such Participant’s Employer,
                provided that the definition of “disability” applied under such disability
                insurance program complies with the requirements of this
                Section.

            

    

     

    
      	
              1.19

            	
              “Election
                Form” shall mean the form, which may be in electronic format, established
                from time to time by the Committee that a Participant completes,
                signs and
                returns to the Committee to make an election under the
                Plan.

            

    

     

    
      	
              1.20

            	
              “Employee”
                shall mean a person who is an employee of an
                Employer.

            

    

     

    
      	
              1.21

            	
              “Employer(s)”
                shall be defined as follows:

            

    

     

    
      	
               

            	
              (a)

            	
              Except
                as otherwise provided in part (b) of this Section, the term “Employer”
                shall mean the Company and/or any of its subsidiaries (now in existence
                or
                hereafter formed or acquired) that have been selected by the Board
                to
                participate in the Plan and have adopted the Plan as a
                sponsor.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
              1.22

            	
              “ERISA”
                shall mean the Employee Retirement Income Security Act of 1974, as
                it may
                be amended from time to time.

            

    

     

    
      	
              1.23

            	
              “401(k)
                Plan” shall mean, with respect to an Employer, a plan qualified under Code
                Section 401(a) that contains a cash or deferral arrangement described
                in
                Code Section 401(k), adopted by the Employer, as it may be amended
                from
                time to time, or any successor
                thereto.

            

    

     

    
      	
              1.24

            	
              “LTIP
                Amounts” shall mean any portion of the compensation attributable to a Plan
                Year that is earned by a Participant under any Employer's long-term
                incentive plan or any other long-term incentive arrangement designated
                by
                the Committee.

            

    

     

    
      	
              1.25

            	
              “Participant”
                shall mean any Employee or Director (a) who is selected to
                participate in the Plan, (b) whose executed Plan Agreement, Election
                Form and Beneficiary Designation Form are accepted by the Committee,
                and
                (c) whose Plan Agreement has not
                terminated.

            

    

     

    
      	
              1.26

            	
              “Performance-Based
                Compensation” shall mean compensation the entitlement to or amount of
                which is contingent on the satisfaction of pre-established organizational
                or individual performance criteria relating to a performance period
                of at
                least 12 consecutive months, as determined by the Committee in accordance
                with Treas. Reg. §1.409A-1(e).

            

    

     

    
      	
              1.27

            	
              “Plan”
                shall mean the Trimble Navigation Limited Deferred Compensation Plan,
                which shall be evidenced by this instrument, as it may be amended
                from
                time to time, and by any other documents that together with this
                instrument define a Participant’s rights to amounts credited to his or her
                Account Balance.

            

    

     

    
      	
              1.28

            	
              “Plan
                Agreement” shall mean a written agreement in the form prescribed by or
                acceptable to the Committee that evidences a Participant’s agreement to
                the terms of the Plan and which may establish additional terms or
                conditions of Plan participation for a Participant.  Unless
                otherwise determined by the Committee, the most recent Plan Agreement
                accepted with respect to a Participant shall supersede any prior
                Plan
                Agreements for such Participant.  Plan Agreements may vary among
                Participants and may provide additional benefits not set forth in
                the Plan
                or limit the benefits otherwise provided under the
                Plan.

            

    

     

    
      	
              1.29

            	
              “Plan
                Year” shall mean a period beginning on January 1 of each
                calendar year and continuing through December 31 of such calendar
                year.

            

    

     

    
      	
              1.30

            	
              “Retirement,”
                “Retire(s)” or “Retired” shall mean with respect to a Participant who is
                an Employee, a Separation from Service on or after the attainment
                of (a)
                age sixty-five (65) with five (5) Years of Service, or (b) age fifty-five
                (55) with ten (10) Years of Service; and shall mean with respect
                to a
                Participant who is a Director, a Separation from Service as a Director
                with the Company on or after the attainment of age seventy
                (70).  If a Participant is both an Employee and a Director and
                participates in the Plan in each capacity, (a) the determination
                of
                whether the Participant qualifies for Retirement as an Employee shall
                be
                made when the Participant experiences a Separation from Service as
                an
                Employee and such determination shall only apply to the applicable
                Account
                Balance established in accordance with Section 1.1 for amounts deferred
                under the Plan as an Employee, and (b) the determination of whether
                the
                Participant qualifies for Retirement as a Director shall be made
                at the
                time the Participant experiences a Separation from Service as a Director
                and such determination shall only apply to the applicable Account
                Balance
                established in accordance with Section 1.1 for amounts deferred under
                the
                Plan as a Director.

            

    

     

    
      	
              1.31

            	
              “Separation
                from Service” shall mean a termination of services provided by a
                Participant to his or her Employer, whether voluntarily or involuntarily,
                other than by reason of death or Disability, as determined by the
                Committee in accordance with Treas. Reg. §1.409A-1(h).  In
                determining whether a Participant has experienced a Separation from
                Service, the following provisions shall apply:

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (a)

            	
              For
                a Participant who provides services to an Employer as an Employee,
                except
                as otherwise provided in part (c) of this Section, a Separation from
                Service shall occur when such Participant has experienced a termination
                of
                employment with such Employer.  A Participant shall be
                considered to have experienced a termination of employment when the
                facts
                and circumstances indicate that the Participant and his or her Employer
                reasonably anticipate that either (i) no further services will be
                performed for the Employer after a certain date, or (ii) that the
                level of
                bona fide services the Participant will perform for the Employer
                after
                such date (whether as an Employee or as an independent contractor)
                will
                permanently decrease to no more than 20% of the average level of
                bona fide
                services performed by such Participant (whether as an Employee or
                an
                independent contractor) over the immediately preceding 36-month period
                (or
                the full period of services to the Employer if the Participant has
                been
                providing services to the Employer less than 36
                months).

            

    

     

    If
      a
      Participant is on military leave, sick leave, or other bona fide leave of
      absence, the employment relationship between the Participant and the Employer
      shall be treated as continuing intact, provided that the period of such leave
      does not exceed 6 months, or if longer, so long as the Participant retains
      a
      right to reemployment with the Employer under an applicable statute or by
      contract.  If the period of a military leave, sick leave, or other
      bona fide leave of absence exceeds 6 months and the Participant does not retain
      a right to reemployment under an applicable statute or by contract, the
      employment relationship shall be considered to be terminated for purposes of
      this Plan as of the first day immediately following the end of such 6-month
      period.  In applying the provisions of this paragraph, a leave of
      absence shall be considered a bona fide leave of absence only if there is a
      reasonable expectation that the Participant will return to perform services
      for
      the Employer. 

     

    
      	
               

            	
              (b)

            	
              For
                a Participant who provides services to an Employer as an independent
                contractor, except as otherwise provided in part (c) of this Section,
                a
                Separation from Service shall occur upon the expiration of the contract
                (or in the case of more than one contract, all contracts) under which
                services are performed for such Employer, provided that the expiration
                of
                such contract(s) is determined by the Committee to constitute a good-faith
                and complete termination of the contractual relationship between
                the
                Participant and such Employer. 

            

    

     

    
      	
               

            	
              (c)

            	
              For
                a Participant who provides services to an Employer as both an Employee
                and
                an independent contractor, a Separation from Service generally
                shall not occur until the Participant has ceased providing services
                for
                such Employer as both as an Employee and as an independent contractor,
                as
                determined in accordance with the provisions set forth in parts (a)
                and
                (b) of this Section, respectively.  Similarly, if a Participant
                either (i) ceases providing services for an Employer as an independent
                contractor and begins providing services for such Employer as an
                Employee,
                or (ii) ceases providing services for an Employer as an Employee
                and
                begins providing services for such Employer as an independent contractor,
                the Participant will not be considered to have experienced a Separation
                from Service until the Participant has ceased providing services
                for such
                Employer in both capacities, as determined in accordance with the
                applicable provisions set forth in parts (a) and (b) of this
                Section. 

            

    

     

    Notwithstanding
      the foregoing provisions in this part (c), if a Participant provides services
      for an Employer as both an Employee and as a Director, to the extent permitted
      by Treas. Reg. §1.409A-1(h)(5) the services provided by such Participant as a
      Director shall not be taken into account in determining whether the Participant
      has experienced a Separation from Service as an Employee, and the services
      provided by such Participant as an Employee shall not be taken into account
      in
      determining whether the Participant has experienced a Separation from Service
      as
      a Director.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      	
              1.32

            	
              “Trust”
                shall mean one or more trusts established by the Company in accordance
                with Article 16.

            

    

     

    
      	
              1.33

            	
              “Unforeseeable
                Emergency” shall mean a severe financial hardship of the Participant
                resulting from (a) an illness or accident of the Participant, the
                Participant’s spouse, the Participant’s Beneficiary or the Participant’s
                dependent (as defined in Code Section 152 without regard to paragraphs
                (b)(1), (b)(2) and (d)(1)(b) thereof), (b) a loss of the Participant’s
                property due to casualty, or (c) such other similar extraordinary
                and
                unforeseeable circumstances arising as a result of events beyond
                the
                control of the Participant, all as determined by the Committee based
                on
                the relevant facts and
                circumstances.

            

    

     

    
      	
              1.34

            	
              “Years
                of Service” shall mean the total number of full years in which a
                Participant has been employed by one or more Employers.  For
                purposes of this definition, a year of employment shall be a 365
                day
                period (or 366 day period in the case of a leap year) that, for the
                first
                year of employment, commences on the Employee's date of hiring and
                that,
                for any subsequent year, commences on an anniversary of that hiring
                date.  A partial year of employment shall not be treated as a
                Year of Service.

            

    

     

    ARTICLE
      2

    Selection,
      Enrollment, Eligibility

     

    
      	
              2.1

            	
              Selection
                by Committee.  Participation in the Plan shall be
                limited to Directors and, as determined by the Committee in its sole
                discretion, a select group of management or highly compensated
                Employees.  From that group, the Committee shall select, in its
                sole discretion, those individuals who may actually participate in
                this
                Plan.

            

    

     

    
      	
              2.2

            	
              Enrollment
                and Eligibility Requirements; Commencement of
                Participation.

            

    

     

    
      	
               

            	
              (a)

            	
              As
                a condition to participation, each Director or selected Employee
                shall
                complete, execute and return to the Committee a Plan Agreement, an
                Election Form and a Beneficiary Designation Form by the deadline(s)
                established by the Committee in accordance with the applicable provisions
                of this Plan.  In addition, the Committee shall establish from
                time to time such other enrollment requirements as it determines,
                in its
                sole discretion, are necessary.

            

    

     

    
      	
               

            	
              (b)

            	
              Each
                Director or selected Employee who is eligible to participate in the
                Plan
                shall commence participation in the Plan on the date that the Committee
                determines that the Director or Employee has met all enrollment
                requirements set forth in this Plan and required by the Committee,
                including returning all required documents to the Committee within
                the
                specified time period.  

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (c)

            	
              If
                a Director or an Employee fails to meet all requirements established
                by
                the Committee within the period required, that Director or Employee
                shall
                not be eligible to participate in the Plan during such Plan
                Year.

            

    

     

     

    ARTICLE
      3

    Deferral
      Commitments/Company Contribution Amounts/

    Vesting/Crediting/Taxes

     

    
      	
              3.1

            	
              Minimum
                Annual Deferral
                Amount.

            

    

     

    For
      each
      Plan Year, a Participant may elect to defer, as his or her Annual Deferral
      Amount, Base Salary, Bonus, Commissions, LTIP Amounts and/or Director Fees
      in
      the following minimum amounts for each deferral elected:

     

    
      	
              Deferral

            	
              Minimum
                Amount

            
	
              Base
                Salary, Bonus, Commissions and/or LTIP Amounts

            	
              5%
                aggregate

            
	
              Director
                Fees

            	
              5%

            

    

     

    
      	
              3.2

            	
              Maximum
                Deferral. 

            

    

     

    
      	
               

            	
              (a)

            	
              Annual
                Deferral Amount.  For each Plan Year, a Participant
                may elect to defer, as his or her Annual Deferral Amount, Base Salary,
                Bonus, Commissions, LTIP Amounts and/or Director Fees up to the following
                maximum percentages for each deferral
                elected:

            

    

     

    
      	
              Deferral

            	
              Maximum
                Percentage

            
	
              Base
                Salary

            	
              90%

            
	
              Bonus

            	
              100%

            
	
              Commissions

            	
              100%

            
	
              LTIP
                Amounts

            	
              100%

            
	
              Director
                Fees

            	
              100%

            

    

    

     

    
      	
               

            	
              (b)

            	
              Short
                Plan Year.  Notwithstanding the foregoing, if a
                Participant first becomes a Participant after the first day of a
                Plan
                Year, then to the extent required by Section 3.3 and Code Section
                409A and
                related Treasury Regulations, the maximum amount of the Participant’s Base
                Salary, Bonus, Commissions, LTIP Amounts or Director Fees that may
                be
                deferred by the Participant for the Plan Year shall be determined
                by
                applying the percentages set forth in Section 3.2(a) to the portion
                of
                such compensation attributable to services performed after the date
                that
                the Participant’s deferral election is
                made.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
      	
              3.3

            	
              Timing
                of Deferral Elections; Effect of Election
                Form.  

            

    

     

    
      	
               

            	
              (a)

            	
              General
                Timing Rule for Deferral Elections.  Except as
                otherwise provided in this Section 3.3, in order for a Participant
                to make
                a valid election to defer Base Salary, Bonus, Commissions, Director
                Fees
                and/or LTIP Amounts, the Participant must submit an Election Form
                on or
                before the deadline established by the Committee, which in no event
                shall
                be later than the December 31st
                preceding
                the Plan Year in which such compensation will be
                earned.

            

    

     

    Any
      deferral election made in accordance with this Section 3.3(a) shall be
      irrevocable; provided, however, that if the Committee permits or requires
      Participants to make a deferral election by the deadline described above for
      an
      amount that qualifies as Performance-Based Compensation, the Committee may
      permit a Participant to subsequently change his or her deferral election for
      such compensation by submitting a new Election Form in accordance with
      Section  3.3(d) below.

     

    
      	
               

            	
              (b)

            	
              Timing
                of Deferral Elections for Newly Eligible Plan
                Participants.  A Director or selected Employee who
                first becomes eligible to participate in the Plan on or after the
                beginning of a Plan Year, as determined in accordance with Treas.
                Reg.
                §1.409A-2(a)(7)(ii) and the “plan aggregation” rules provided in Treas.
                Reg. §1.409A-1(c)(2), may be permitted to make an election to defer the
                portion of Base Salary, Bonus, Commissions, Director Fees and/or
                LTIP
                Amounts attributable to services to be performed after such election,
                provided that the Participant submits an Election Form on or before
                the
                deadline established by the Committee, which in no event shall be
                later
                than 30 days after the Participant first becomes eligible to participate
                in the Plan.

            

    

     

    If
      a
      deferral election made in accordance with this Section 3.3(b) relates to
      compensation earned based upon a specified performance period, the amount
      eligible for deferral shall be equal to (i) the total amount of compensation
      for
      the performance period, multiplied by (ii) a fraction, the numerator of which
      is
      the number of days remaining in the service period after the Participant’s
      deferral election is made, and the denominator of which is the total number
      of
      days in the performance period. 

     

    Any
      deferral election made in accordance with this Section 3.3(b) shall become
      irrevocable no later than the 30th day after
      the date
      the Director or selected Employee becomes eligible to participate in the
      Plan.

     

    
      	
               

            	
              (d)

            	
              Timing
                of Deferral Elections for Performance-Based
                Compensation.  Subject to the
                limitations described below, the Committee may determine that an
                irrevocable deferral election for an amount that qualifies as
                Performance-Based Compensation may be made by submitting an Election
                Form
                on or before the deadline established by the Committee, which in
                no event
                shall be later than 6 months before the end of the performance
                period.  

            

    

     

    In
      order
      for a Participant to be eligible to make a deferral election for
      Performance-Based Compensation in accordance with the deadline established
      pursuant to this Section 3.3(d), the Participant must have performed services
      continuously from the later of (i) the beginning of the performance period
      for
      such compensation, or (ii) the date upon which the performance criteria for
      such
      compensation are established, through the date upon which the Participant makes
      the deferral election for such compensation.  In no event shall a
      deferral election submitted under this Section 3.3(d) be permitted to apply
      to
      any amount of Performance-Based Compensation that has become readily
      ascertainable.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (e)

            	
              Timing
                Rule for Deferral of Compensation Subject to Risk of
                Forfeiture.  With respect to
                compensation (i) to which a Participant has a legally binding right
                to
                payment in a subsequent year, and (ii) that is subject to a forfeiture
                condition requiring the Participant’s continued services for a period of
                at least 12 months from the date the Participant obtains the legally
                binding right, the Committee may determine that an irrevocable deferral
                election for such compensation may be made by timely delivering an
                Election Form to the Committee in accordance with its rules and
                procedures, no later than the 30th
                day after
                the Participant obtains the legally binding right to the compensation,
                provided that the election is made at least 12 months in advance
                of the
                earliest date at which the forfeiture condition could lapse, as determined
                in accordance with Treas. Reg.
§1.409A-2(a)(5).

            

    

     

    Any
      deferral election(s) made in accordance with this Section 3.3(e) shall become
      irrevocable no later than the 30th day after
      the
      Participant obtains the legally binding right to the compensation subject to
      such deferral election(s).

     

    
      	
              3.4

            	
              Withholding
                and Crediting of Annual Deferral Amounts.  For each
                Plan Year, the Base Salary portion of the Annual Deferral Amount
                shall be
                withheld from each regularly scheduled Base Salary payroll in equal
                amounts, as adjusted from time to time for increases and decreases
                in Base
                Salary.  The Bonus, Commissions, LTIP Amounts and/or Director
                Fees portion of the Annual Deferral Amount shall be withheld at the
                time
                the Bonus, Commissions, LTIP Amounts or Director Fees are or otherwise
                would be paid to the Participant, whether or not this occurs during
                the
                Plan Year itself.  Annual Deferral Amounts shall be credited to
                the Participant’s Annual Account for such Plan Year at the time such
                amounts would otherwise have been paid to the
                Participant.

            

    

     

    
      	
              3.5

            	
              Company
                Contribution Amount.

            

    

     

    
      	
               

            	
              (a)

            	
              For
                each Plan Year, an Employer may be required to credit amounts to
                a
                Participant’s Annual Account in accordance with employment or other
                agreements entered into between the Participant and the Employer,
                which
                amounts shall be part of the Participant’s Company Contribution Amount for
                that Plan Year.  Such amounts shall be credited to the
                Participant’s Annual Account for the applicable Plan Year on the date or
                dates prescribed by such
                agreements.

            

    

     

    
      	
               

            	
              (b)

            	
              For
                each Plan Year, an Employer, in its sole discretion, may, but is
                not
                required to, credit any amount it desires to any Participant’s Annual
                Account under this Plan, which amount shall be part of the Participant’s
                Company Contribution Amount for that Plan Year.  The amount so
                credited to a Participant may be smaller or larger than the amount
                credited to any other Participant, and the amount credited to any
                Participant for a Plan Year may be zero, even though one or more
                other
                Participants receive a Company Contribution Amount for that Plan
                Year.  The Company Contribution Amount described in this Section
                3.5(b), if any, shall be credited to the Participant’s Annual Account for
                the applicable Plan Year on a date or dates to be determined by the
                Committee.

            

    

     

    
      	
               

            	
              (c)

            	
              If
                not otherwise specified in the Participant’s employment or other agreement
                entered into between the Participant and the Employer, the amount
                (or the
                method or formula for determining the amount) of a Participant’s Company
                Contribution Amount shall be set forth in writing in one or more
                documents, which shall be deemed to be incorporated into this Plan
                in
                accordance with Section 1.27, no later than the date on which such
                Company
                Contribution Amount is credited to the applicable Annual Account
                of the
                Participant.

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      	
              3.6

            	
              Vesting.

            

    

     

    
      	
               

            	
              (a)

            	
              A
                Participant shall at all times be 100% vested in the portion of his
                or her
                Account Balance attributable to Annual Deferral Amounts, plus amounts
                credited or debited on such amounts pursuant to Section
                3.7.

            

    

     

    
      	
               

            	
              (b)

            	
              A
                Participant shall be vested in his or her Company Contribution Account
                in
                accordance with the vesting schedule(s) set forth in his or her Plan
                Agreement, employment agreement or any other agreement entered into
                between the Participant and his or her Employer.  If not
                addressed in such agreements, the Company shall determine the vesting
                schedule for Company Contribution Amounts at the time such contribution
                is
                made to the Participant’s Company Contribution
                Account.

            

    

     

    
      	
              3.7

            	
              Crediting/Debiting
                of Account Balances.  In accordance with, and
                subject to, the rules and procedures that are established from time
                to
                time by the Committee, in its sole discretion, amounts shall be credited
                or debited to a Participant's Account Balance in accordance with
                the
                following rules:

            

    

     

    
      	
               

            	
              (a)

            	
              Measurement
                Funds.  The Participant may elect one or more of
                the measurement funds selected by the Committee, in its sole discretion,
                which are based on certain mutual funds (the “Measurement Funds”), for the
                purpose of crediting or debiting additional amounts to his or her
                Account
                Balance.  As necessary, the Committee may, in its sole
                discretion, discontinue, substitute or add a Measurement
                Fund.  Each such action will take effect as of the first day of
                the first calendar quarter that begins at least 30 days after the
                day on
                which the Committee gives Participants advance written notice of
                such
                change.

            

    

     

    
      	
               

            	
              (b)

            	
              Election
                of Measurement Funds.  A Participant, in connection
                with his or her initial deferral election in accordance with Section
                3.3
                above, shall elect, on the Election Form, one or more Measurement
                Fund(s)
                (as described in Section 3.7(a) above) to be used to determine the
                amounts
                to be credited or debited to his or her Account Balance.  If a
                Participant does not elect any of the Measurement Funds as described
                in
                the previous sentence, the Participant’s Account Balance shall
                automatically be allocated into the lowest-risk Measurement Fund,
                as
                determined by the Committee, in its sole discretion.  The
                Participant may (but is not required to) elect, by submitting an
                Election
                Form to the Committee that is accepted by the Committee, to add or
                delete
                one or more Measurement Fund(s) to be used to determine the amounts
                to be
                credited or debited to his or her Account Balance, or to change the
                portion of his or her Account Balance allocated to each previously
                or
                newly elected Measurement Fund.  If an election is made in
                accordance with the previous sentence, it shall apply as of the first
                business day deemed reasonably practicable by the Committee, in its
                sole
                discretion, and shall continue thereafter for each subsequent day
                in which
                the Participant participates in the Plan, unless changed in accordance
                with the previous sentence.  Notwithstanding the foregoing, the
                Committee, in its sole discretion, may impose limitations on the
                frequency
                with which one or more of the Measurement Funds elected in accordance
                with
                this Section 3.7(b) may be added or deleted by such Participant;
                furthermore, the Committee, in its sole discretion, may impose limitations
                on the frequency with which the Participant may change the portion
                of his
                or her Account Balance allocated to each previously or newly elected
                Measurement Fund.

            

    

     

    
      	
               

            	
              (c)

            	
              Proportionate
                Allocation.  In making any election described in
                Section 3.7(b) above, the Participant shall specify on the Election
                Form,
                in increments of one percent (1%), the percentage of his or her Account
                Balance or Measurement Fund, as applicable, to be
                allocated/reallocated.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (d)

            	
              Crediting
                or Debiting Method.  The performance of each
                Measurement Fund (either positive or negative) will be determined
                on a
                daily basis based on the manner in which such Participant’s Account
                Balance has been hypothetically allocated among the Measurement Funds
                by
                the Participant.

            

    

     

    
      	
               

            	
              (e)

            	
              No
                Actual Investment.  Notwithstanding any other
                provision of this Plan that may be interpreted to the contrary, the
                Measurement Funds are to be used for measurement purposes only, and
                a
                Participant's election of any such Measurement Fund, the allocation
                of his
                or her Account Balance thereto, the calculation of additional amounts
                and
                the crediting or debiting of such amounts to a Participant's Account
                Balance shall not be considered or construed in any manner as an
                actual
                investment of his or her Account Balance in any such Measurement
                Fund.  In the event that the Company or the Trustee (as that
                term is defined in the Trust), in its own discretion, decides to
                invest
                funds in any or all of the investments on which the Measurement Funds
                are
                based, no Participant shall have any rights in or to such investments
                themselves.  Without limiting the foregoing, a Participant's
                Account Balance shall at all times be a bookkeeping entry only and
                shall
                not represent any investment made on his or her behalf by the Company
                or
                the Trust; the Participant shall at all times remain an unsecured
                creditor
                of the Company.

            

    

     

    
      	
              3.8

            	
              FICA
                and Other Taxes.

            

    

     

    
      	
               

            	
              (a)

            	
              Annual
                Deferral Amounts.  For each Plan Year in which an
                Annual Deferral Amount is being withheld from a Participant, the
                Participant’s Employer(s) shall withhold from that portion of the
                Participant’s Base Salary, Bonus, Commissions and/or LTIP Amounts that is
                not being deferred, in a manner determined by the Employer(s), the
                Participant’s share of FICA and other employment taxes on such Annual
                Deferral Amount.  If necessary, the Committee may reduce the
                Annual Deferral Amount in order to comply with this Section
                3.8.

            

    

     

    
      	
               

            	
              (b)

            	
              Company
                Contribution Amounts.  When a Participant becomes
                vested in a portion of his or her Account Balance attributable to
                any
                Company Contribution Amounts, the Participant’s Employer(s) shall withhold
                from that portion of the Participant’s Base Salary, Bonus, Commissions
                and/or LTIP Amounts that is not deferred, in a manner determined
                by the
                Employer(s), the Participant’s share of FICA and other employment taxes on
                such amounts.  If necessary, the Committee may reduce the vested
                portion of the Participant’s Company Contribution Amount, as applicable,
                in order to comply with this Section
                3.8.

            

    

     

    
      	
               

            	
              (c)

            	
              Distributions.  The
                Participant’s Employer(s), or the trustee of the Trust, shall withhold
                from any payments made to a Participant under this Plan all federal,
                state
                and local income, employment and other taxes required to be withheld
                by
                the Employer(s), or the trustee of the Trust, in connection with
                such
                payments, in amounts and in a manner to be determined in the sole
                discretion of the Employer(s) and the trustee of the
                Trust.

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      4

    Scheduled
      Distribution; Unforeseeable Emergencies

     

    
      	
              4.1

            	
              Scheduled
                Distributions.  In connection with each election to
                defer an Annual Deferral Amount, a Participant may elect to receive
                all or
                a portion of such Annual Deferral Amount, plus amounts credited or
                debited
                on that amount pursuant to Section 3.7, in the form of a lump sum
                payment, calculated as of the close of business on or around the
                Benefit
                Distribution Date designated by the Participant in accordance with
                this
                Section (a “Scheduled Distribution”).  The Benefit Distribution
                Date for the amount subject to a Scheduled Distribution election
                shall be
                the first day of any Plan Year designated by the Participant, which
                may be
                no sooner than 3 Plan Years after the end of the Plan Year to which
                the
                Participant’s deferral election relates, unless otherwise provided on an
                Election Form approved by the
                Committee.

            

    

     

    Subject
      to the other terms and conditions of this Plan, each Scheduled Distribution
      elected shall be paid out during a 30 day period commencing immediately after
      the Benefit Distribution Date.  By way of example, if a Scheduled
      Distribution is elected for Annual Deferral Amounts that are earned in the
      Plan
      Year commencing January 1, 2008, the earliest Benefit Distribution Date
      that may be designated by a Participant would be January 1, 2012, and the
      Scheduled Distribution would be paid out during the 30 day period commencing
      immediately after such Benefit Distribution Date. 

     

    
      	
              4.2

            	
              Postponing
                Scheduled Distributions.  A Participant may elect
                to postpone a Scheduled Distribution described in Section 4.1 above,
                and
                have such amount paid out during a 30 day period commencing immediately
                after an allowable alternative Benefit Distribution Date designated
                in
                accordance with this Section 4.2.  In order to make such an
                election, the Participant must submit an Election Form to the Committee
                in
                accordance with the following
                criteria:

            

    

     

    
      	
               

            	
              (a)

            	
              The
                election of the new Benefit Distribution Date shall have no effect
                until
                at least 12 months after the date on which the election is
                made;

            

    

     

    
      	
               

            	
              (b)

            	
              The
                new Benefit Distribution Date selected by the Participant for such
                Scheduled Distribution must be the first day of a Plan Year that
                is no
                sooner than 5 years after the previously designated Benefit Distribution
                Date; and

            

    

     

    
      	
               

            	
              (c)

            	
              The
                election must be made at least 12 months prior to
                the Participant's previously designated Benefit Distribution Date
                for such
                Scheduled Distribution.

            

    

     

    For
      purposes of applying the provisions of this Section 4.2, a Participant’s
      election to postpone a Scheduled Distribution shall not be considered to be
      made
      until the date on which the election becomes irrevocable.  Such an
      election shall become irrevocable no later than the date that is 12 months
      prior
      to the Participant’s previously designated Benefit Distribution Date for such
      Scheduled Distribution.

     

    
      	
              4.3

            	
              Other
                Benefits Take Precedence Over Scheduled
                Distributions.  Should an event occur prior to any
                Benefit Distribution Date designated for a Scheduled Distribution
                that
                would trigger a benefit under Articles 5 through 9, as applicable,
                all
                amounts subject to a Scheduled Distribution election shall be paid
                in
                accordance with the other applicable provisions of the Plan and not
                in
                accordance with this Article 4.

            

    

     

    
      	
              4.4

            	
              Unforeseeable
                Emergencies.

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (a)

            	
              If
                a Participant experiences an Unforeseeable Emergency prior to the
                occurrence of a distribution event described in Articles 5 through
                9, as
                applicable, the Participant may petition the Committee to receive
                a
                partial or full payout from the Plan.  The payout, if any, from
                the Plan shall not exceed the lesser of (i) the Participant's vested
                Account Balance, calculated as of the close of business on or around
                the
                Benefit Distribution Date for such payout, as determined by the Committee
                in accordance with provisions set forth below, or (ii) the amount
                necessary to satisfy the Unforeseeable Emergency, plus amounts necessary
                to pay Federal, state, or local income taxes or penalties reasonably
                anticipated as a result of the distribution.  A Participant
                shall not be eligible to receive a payout from the Plan to the extent
                that
                the Unforeseeable Emergency is or may be relieved (A) through
                reimbursement or compensation by insurance or otherwise, (B) by
                liquidation of the Participant’s assets, to the extent the liquidation of
                such assets would not itself cause severe financial hardship or (C)
                by
                cessation of deferrals under this
                Plan.

            

    

     

    If
      the
      Committee, in its sole discretion, approves a Participant’s petition for payout
      from the Plan, the Participant’s Benefit Distribution Date for such payout shall
      be the date on which such Committee approval occurs and such payout shall be
      distributed to the Participant in a lump sum no later than 30 days after such
      Benefit Distribution Date.  In addition, in the event of such approval
      the Participant’s outstanding deferral elections under the Plan shall be
      cancelled.

     

    
      	
               

            	
              (b)

            	
              A
                Participant’s deferral elections under this Plan shall also be cancelled
                to the extent the Committee determines that such action is required
                for
                the Participant to obtain a hardship distribution from an Employer’s
                401(k) Plan pursuant to Treas. Reg.
                §1.401(k)-1(d)(3).

            

    

     

    ARTICLE
      5

    Change
      in Control Benefit

     

    
      	
              5.1

            	
              Change
                in Control Benefit.  A Participant, in connection
                with his or her commencement of participation in the Plan, shall
                have an
                opportunity to irrevocably elect to receive his or her vested Account
                Balance in the form of a lump sum payment in the event that a Change
                in
                Control occurs prior to the Participant’s Separation from Service,
                Disability or death (the “Change in Control Benefit”).  The
                Benefit Distribution Date for the Change in Control Benefit, if any,
                shall
                be the date on which the Change in Control
                occurs.

            

    

     

    If
      a
      Participant elects not to receive a Change in Control Benefit, or fails to
      make
      an election in connection with his or her commencement of participation in
      the
      Plan, the Participant’s Account Balance shall be paid in accordance with the
      other applicable provisions of the Plan.

     

    
      	
              5.2

            	
              Payment
                of Change in Control Benefit.  The Change in
                Control Benefit, if any, shall be calculated as of the close of business
                on or around the Participant’s Benefit Distribution Date, as determined by
                the Committee, and paid to the Participant no later than 30 days
                after the Participant’s Benefit Distribution
                Date.

            

    

     

    ARTICLE
      6

    Retirement
      Benefit

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    
      	
              6.1

            	
              Retirement
                Benefit.  If a Participant experiences a Separation
                from Service that qualifies as a Retirement, the Participant shall
                be
                eligible to receive his or her vested Account Balance in either a
                lump sum
                or annual installment payments, as elected by the Participant in
                accordance with Section 6.2 (the “Retirement Benefit”).  A
                Participant’s Retirement Benefit shall be calculated as of the close of
                business on or around the applicable Benefit Distribution Date for
                such
                benefit, which shall be the first day after the end of the 6-month
                period
                immediately following the date on which the Participant experiences
                such
                Separation from Service; provided, however, if a Participant changes
                the
                form of distribution for the Retirement Benefit in accordance with
                Section
                6.2(b), the Benefit Distribution Date for the Retirement Benefit
                shall be
                determined in accordance with Section 6.2(b).
                 

            

    

     

    
      	
              6.2

            	
              Payment
                of Retirement Benefit.

            

    

     

    
      	
               

            	
              (a)

            	
              A
                Participant, in connection with his or her commencement of participation
                in the Plan, shall elect on an Election Form to receive the Retirement
                Benefit in a lump sum or pursuant to an Annual Installment Method
                of
                5, 10 or 15 years.  If a Participant does not make any
                election with respect to the payment of the Retirement Benefit, then
                such
                Participant shall be deemed to have elected to receive the Retirement
                Benefit as a lump sum.

            

    

     

    
      	
               

            	
              (b)

            	
              A
                Participant may change the form of payment for the Retirement Benefit
                by
                submitting an Election Form to the Committee in accordance with the
                following criteria:

            

    

     

    
      	
               

            	
              (i)

            	
              The
                election shall not take effect until at least 12 months after the
                date on
                which the election is made;

            

    

     

    
      	
               

            	
              (ii)

            	
              The
                new Benefit Distribution Date for the Participant’s Retirement Benefit
                shall be 5 years after the Benefit Distribution Date that would otherwise
                have been applicable to such benefit;
                and

            

    

     

    
      	
               

            	
              (iii)

            	
              The election
                must be made at least 12 months prior to the Benefit Distribution
                Date
                that would otherwise have been applicable to the Participant’s Retirement
                Benefit.

            

    

     

    For
      purposes of applying the provisions of this Section 6.2(b), a Participant’s
      election to change the form of payment for the Retirement Benefit shall not
      be
      considered to be made until the date on which the election becomes
      irrevocable.  Such an election shall become irrevocable no later than
      the date that is 12 months prior to the Benefit Distribution Date that would
      otherwise have been applicable to the Participant’s Retirement
      Benefit.  Subject to the requirements of this Section 6.2(b), the
      Election Form most recently accepted by the Committee that has become effective
      shall govern the form of payout of the Participant’s Retirement
      Benefit.

     

    
      	
               

            	
              (c)

            	
              The
                lump sum payment shall be made, or installment payments shall commence,
                no
                later than 30 days after the Participant’s Benefit Distribution
                Date.  Remaining installments, if any, shall be paid no later
                than 30 days after each anniversary of the Participant’s Benefit
                Distribution Date.

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      7

    Termination
      Benefit

     

    
      	
              7.1

            	
              Termination
                Benefit. If a Participant experiences a
                Separation from Service that does not qualify as a Retirement, the
                Participant shall receive his or her vested Account Balance in the
                form of
                a lump sum payment (the “Termination Benefit”).  A Participant’s
                Termination Benefit shall be calculated as of the close of business
                on or
                around the Benefit Distribution Date for such benefit, which shall
                be the
                first day after the end of the 6-month period immediately following
                the
                date on which the Participant experiences such Separation from
                Service

            

    

     

    
      	
              7.2

            	
              Payment
                of Termination Benefit.  The Termination Benefit
                shall be paid to the Participant no later than 30 days after the
                Participant’s Benefit Distribution Date.

            

    

     

    ARTICLE
      8

    Disability
      Benefit

     

    
      	
              8.1

            	
              Disability
                Benefit. If a Participant becomes Disabled prior to the
                occurrence of a distribution event described in Articles 5 through
                7, as
                applicable, the Participant shall receive his or her vested Account
                Balance in the form of a lump sum payment (the “Disability
                Benefit”).  The Disability Benefit shall be calculated as of the
                close of business on or around the Participant’s Benefit Distribution Date
                for such benefit, which shall be the date on which the Participant
                becomes
                Disabled.

            

    

     

    
      	
              8.2

            	
              Payment
                of Disability Benefit. The Disability
                Benefit shall be paid to the Participant no later than 30 days after
                the
                Participant’s Benefit Distribution
                Date.

            

    

     

    ARTICLE
      9

    Death
      Benefit

     

    
      	
              9.1

            	
              Death
                Benefit.  In the event of a Participant’s death
                prior to the complete distribution of his or her vested Account Balance,
                the Participant's Beneficiary(ies) shall receive the Participant's
                unpaid
                vested Account Balance in a lump sum payment (the “Death
                Benefit”).  The Death Benefit shall be calculated as of the
                close of business on or around the Benefit Distribution Date for
                such
                benefit, which shall be the date on which the Committee is provided
                with
                proof that is satisfactory to the Committee of the Participant’s
                death.

            

    

     

    
      	
              9.2

            	
              Payment
                of Death Benefit.  The Death Benefit shall be paid
                to the Participant’s Beneficiary(ies) no later than 30 days after the
                Participant’s Benefit Distribution
                Date.

            

    

     

    ARTICLE
      10

    Beneficiary
      Designation

     

    
      	
              10.1

            	
              Beneficiary.  Each
                Participant shall have the right, at any time, to designate his or
                her
                Beneficiary(ies) (both primary as well as contingent) to receive
                any
                benefits payable under the Plan to a beneficiary upon the death of
                a
                Participant.  The Beneficiary designated under this Plan may be
                the same as or different from the Beneficiary designation under any
                other
                plan of an Employer in which the Participant
                participates.

            

    

     

    
      	
              10.2

            	
              Beneficiary
                Designation; Change; Spousal Consent.  A
                Participant shall designate his or her Beneficiary by completing
                and
                signing the Beneficiary Designation Form, and returning it to the
                Committee or its designated agent.  A Participant shall have the
                right to change a Beneficiary by completing, signing and otherwise
                complying with the terms of the Beneficiary Designation Form and
                the
                Committee's rules and procedures, as in effect from time to
                time.  If the Participant names someone other than his or her
                spouse as a Beneficiary, the Committee may, in its sole discretion,
                determine that spousal consent is required to be provided in a form
                designated by the Committee, executed by such Participant's spouse
                and
                returned to the Committee.  Upon the acceptance by the Committee
                of a new Beneficiary Designation Form, all Beneficiary designations
                previously filed shall be canceled.  The Committee shall be
                entitled to rely on the last Beneficiary Designation Form filed by
                the
                Participant and accepted by the Committee prior to his or her
                death.

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    
      	
              10.3

            	
              Acknowledgment.  No
                designation or change in designation of a Beneficiary shall be effective
                until received and acknowledged in writing by the Committee or its
                designated agent.

            

    

     

    
      	
              10.4

            	
              No
                Beneficiary Designation.  If a Participant fails to
                designate a Beneficiary as provided in Sections 10.1, 10.2 and 10.3
                above or, if all designated Beneficia­ries predecease the Participant
                or die prior to complete distribution of the Participant's benefits,
                then
                the Participant's designated Beneficiary shall be deemed to be his
                or her
                surviving spouse.  If the Participant has no surviving spouse,
                the benefits remaining under the Plan to be paid to a Beneficiary
                shall be
                payable to the executor or personal representative of the Participant's
                estate.

            

    

     

    
      	
              10.5

            	
              Doubt
                as to Beneficiary.  If the Committee has any doubt
                as to the proper Beneficiary to receive payments pursuant to this
                Plan,
                the Committee shall have the right, exercisable in its discretion,
                to
                cause the Participant's Employer to withhold such payments until
                this
                matter is resolved to the Committee's
                satisfaction.

            

    

     

    
      	
              10.6

            	
              Discharge
                of Obligations.  The payment of benefits under the
                Plan to a Beneficiary shall fully and completely discharge all Employers
                and the Committee from all further obligations under this Plan with
                respect to the Participant, and that Participant's Plan Agreement
                shall
                terminate upon such full payment of
                benefits.

            

    

     

    ARTICLE
      11

    Leave
      of Absence

     

    
      	
              11.1

            	
              Paid
                Leave of Absence.  If a Participant is authorized
                by the Participant's Employer to take a paid leave of absence from
                the
                employment of the Employer, and such leave of absence does not constitute
                a Separation from Service, (a) the Partici­pant shall continue to be
                considered eligible for the benefits provided under the Plan, and
                (b) the
                Annual Deferral Amount shall continue to be withheld during
                such paid leave of absence in accordance with
                Section 3.3.

            

    

     

    
      	
              11.2

            	
              Unpaid
                Leave of Absence.  If a Participant is authorized
                by the Participant's Employer to take an unpaid leave of absence
                from the
                employ­ment of the Employer for any reason, and such leave of absence
                does not constitute a Separation from Service, such Participant shall
                continue to be eligible for the benefits provided under the
                Plan.  During the unpaid leave of absence, the Participant shall
                not be allowed to make any additional deferral
                elections.  However, if the Participant returns to employment,
                the Participant may elect to defer an Annual Deferral Amount for
                the Plan
                Year following his or her return to employment and for every Plan
                Year
                thereafter while a Participant in the Plan, provided such deferral
                elections are otherwise allowed and an Election Form is delivered
                to and
                accepted by the Committee for each such election in accordance with
                Section 3.3 above.

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      12

    Termination
      of Plan, Amendment or Modification

     

    
      	
              12.1

            	
              Termination
                of Plan.  Although each Employer anticipates that
                it will continue the Plan for an indefinite period of time, there
                is no
                guarantee that any Employer will continue the Plan or will not terminate
                the Plan at any time in the future.  Accordingly, each Employer
                reserves the right to terminate the Plan with respect to all of its
                Participants.  In the event of a Plan termination no new
                deferral elections shall be permitted for the affected Participants
                and
                such Participants shall no longer be eligible to receive new company
                contributions.  However, after the Plan termination the Account
                Balances of such Participants shall continue to be credited with
                Annual
                Deferral Amounts attributable to a deferral election that was in
                effect
                prior to the Plan termination to the extent deemed necessary to comply
                with Code Section 409A and related Treasury Regulations, and additional
                amounts shall continue to credited or debited to such Participants’
                Account Balances pursuant to Section 3.7.  The Measurement Funds
                available to Participants following the termination of the Plan shall
                be
                comparable in number and type to those Measurement Funds available
                to
                Participants in the Plan Year preceding the Plan Year in which the
                Plan
                termination is effective.  In
                addition, following a Plan termination, Participant Account
                Balances shall remain in the Plan and shall not be distributed until
                such
                amounts become eligible for distribution in accordance with the other
                applicable provisions of the Plan. Notwithstanding the
                preceding sentence, to the extent permitted by Treas. Reg.
                §1.409A-3(j)(4)(ix), the Employer may provide that upon termination
                of the
                Plan, all Account Balances of the Participants shall be distributed,
                subject to and in accordance with any rules established by such Employer
                deemed necessary to comply with the applicable requirements and
                limitations of Treas. Reg.
                §1.409A-3(j)(4)(ix). 

            

    

     

    
      	
              12.2

            	
              Amendment.  Any
                Employer may, at any time, amend or modify the Plan in whole or in
                part
                with respect to that Employer.  Notwithstanding the foregoing,
                (i) no amendment or modification shall be effective to decrease the
                value
                of a Participant's vested Account Balance in existence at the time
                the
                amendment or modification is made, and (ii) no amendment or modification
                of this Section 12.2 or Section 13.2 of the Plan shall be
                effective

            

    

     

    
      	
              12.3

            	
              Plan
                Agreement.  Despite the provisions of
                Sections 12.1, if a Participant's Plan Agreement contains benefits or
                limitations that are not in this Plan document, the Employer may
                only
                amend or terminate such provisions with the written consent of the
                Participant.

            

    

     

    
      	
              12.4

            	
              Effect
                of Payment.  The full payment of the Participant’s
                vested Account Balance in accordance with the applicable provisions
                of the
                Plan shall completely discharge all obligations to a Participant
                and his
                or her designated Beneficiaries under this Plan, and the Participant's
                Plan Agreement shall terminate.

            

    

     

    ARTICLE
      13

    Administration

     

    
      	
              13.1

            	
              Committee
                Duties.  Except as otherwise provided in this
                Article 13, this Plan shall be administered by a Committee, which
                shall
                consist of the Board, or such committee as the Board shall
                appoint.  The members of the Committee need not be members of
                the Board and may be Participants under this Plan.  The
                Committee shall also have the discretion and authority to (a) make,
                amend, interpret, and enforce all appropriate rules and regulations
                for
                the administra­tion of this Plan, and (b) decide or resolve any
                and all ques­tions, including benefit entitlement determinations and
                interpretations of this Plan, as may arise in connection with the
                Plan.  Any individual serving on the Committee who is a
                Participant shall not vote or act on any matter relating solely to
                himself
                or herself.  When making a determination or calculation, the
                Committee shall be entitled to rely on information furnished by a
                Participant or the Company.

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    
      	
              13.2

            	
              Administration
                Upon Change In Control. For purposes of this Plan, the
                Committee shall be the “Administrator” at all times prior to the
                occurrence of a Change in Control.  Within one hundred and
                twenty (120) days following a Change in Control, an independent third
                party “Administrator” may be selected by the individual who, immediately
                prior to the Change in Control, was the Company’s Chief Executive Officer
                or, if not so identified, the Company’s highest ranking officer (the
                “Ex-CEO”).  The Committee, as constituted prior to the Change in
                Control, shall continue to be the Administrator until the earlier
                of (i)
                the date on which such independent third party is selected and approved,
                or (ii) the expiration of the one hundred and twenty (120) day period
                following the Change in Control.  If an independent third party
                is not selected within one hundred and twenty (120) days of such
                Change in
                Control, the Committee, as described in Section 13.1 above, shall
                be the
                Administrator.  The Administrator shall continue to have the
                discretionary power to determine all questions arising in connection
                with
                the administration of the Plan and the interpretation of the Plan
                and
                Trust including, but not limited to benefit entitlement determinations;
                provided, however, upon and after the occurrence of a Change in Control,
                only the Trustee shall have the power to direct the investment of
                Plan or
                Trust assets or select any investment manager or custodial firm for
                the
                Plan or Trust.  Upon and after the occurrence of a Change in
                Control, the Company must: (1) pay all reasonable administrative
                expenses
                and fees of the Administrator; (2) indemnify the Administrator against
                any
                costs, expenses and liabilities including, without limitation, attorney’s
                fees and expenses arising in connection with the performance of the
                Administrator hereunder, except with respect to matters resulting
                from the
                gross negligence or willful misconduct of the Administrator or its
                employees or agents; and (3) supply full and timely information to
                the
                Administrator on all matters relating to the Plan, the Trust, the
                Participants and their Beneficiaries, the Account Balances of the
                Participants, the date and circumstances of the Retirement, Disability,
                death or Termination of Employment of the Participants, and such
                other
                pertinent information as the Administrator may reasonably
                require.  Upon and after a Change in Control, the Administrator
                may be terminated (and a replacement appointed) by the Trustee only
                with
                the approval of the Ex-CEO.  Upon and after a Change in Control,
                the Administrator may not be terminated by the
                Company.

            

    

     

    
      	
              13.3

            	
              Agents.
                In the administration of this Plan, the Committee or the Administrator,
                as
                applicable, may, from time to time, employ agents and delegate to
                them
                such administrative duties as it sees fit (including acting through
                a duly
                appointed representative) and may from time to time consult with
                counsel.

            

    

     

    
      	
              13.4

            	
              Binding
                Effect of Decisions.  The decision or action of the
                Committee or Administrator, as applicable, with respect to any question
                arising out of or in connection with the administration, interpretation
                and application of the Plan and the rules and regulations promulgated
                hereunder shall be final and conclusive and binding upon all persons
                having any interest in the Plan.

            

    

     

    
      	
              13.5

            	
              Indemnity
                of Committee.  All Employers shall indemnify and
                hold harmless the members of the Committee, any Employee to whom
                the
                duties of the Committee may be delegated, and the Administrator against
                any and all claims, losses, damages, expenses or liabilities arising
                from
                any action or failure to act with respect to this Plan, except in
                the case
                of willful misconduct by the Committee, any of its members, any such
                Employee or the Administrator.

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    
      	
              13.6

            	
              Employer
                Information.  To enable the Committee and/or
                Administrator to perform its functions, the Company and each Employer
                shall supply full and timely information to the Committee and/or
                Administrator, as the case may be, on all matters relating to the
                Plan,
                the Trust, the Participants and their Beneficiaries, the Account
                Balances
                of the Participants, the compensation of its Participants, the date
                and
                circum­stances of the Separation from Service, Disability or death of
                its Participants, and such other pertinent information as the Committee
                or
                Administrator may reasonably
                require.

            

    

     

    ARTICLE
      14

    Other
      Benefits and Agreements

     

    
      	
              14.1

            	
              Coordination
                with Other Benefits.  The benefits provided for a
                Participant and Participant's Beneficiary under the Plan are in addition
                to any other benefits available to such Participant under any other
                plan
                or program for employees of the Participant's Employer.  The
                Plan shall supplement and shall not supersede, modify or amend any
                other
                such plan or program except as may otherwise be expressly
                provided.

            

    

     

    ARTICLE
      15

    Claims
      Procedures

     

    
      	
              15.1

            	
              Presentation
                of Claim.  Any Participant or Beneficiary of a
                deceased Participant (such Participant or Beneficiary being referred
                to
                below as a “Claimant”) may deliver to the Committee a written claim for a
                determination with respect to the amounts distributable to such Claimant
                from the Plan.  If such a claim relates to the contents of a
                notice received by the Claimant, the claim must be made within
                60 days after such notice was received by the
                Claimant.  All other claims must be made within 180 days of
                the date on which the event that caused the claim to arise
                occurred.  The claim must state with particularity the
                determination desired by the
                Claimant.

            

    

     

    
      	
              15.2

            	
              Notification
                of Decision.  The Committee shall consider a
                Claimant's claim within a reasonable time, but no later than 90 days
                after
                receiving the claim.  If the Committee determines that special
                circumstances require an extension of time for processing the claim,
                written notice of the extension shall be furnished to the Claimant
                prior
                to the termination of the initial 90 day period.  In no event
                shall such extension exceed a period of 90 days from the end of the
                initial period.  The extension notice shall indicate the special
                circumstances requiring an extension of time and the date by which
                the
                Committee expects to render the benefit determination.  The
                Committee shall notify the Claimant in
                writing:

            

    

     

    
      	
               

            	
              (a)

            	
              that
                the Claimant's requested determination has been made, and that the
                claim
                has been allowed in full; or

            

    

     

    
      	
               

            	
              (b)

            	
              that
                the Committee has reached a conclusion contrary, in whole or in part,
                to
                the Claimant's requested determination, and such notice must set
                forth in
                a manner calculated to be understood by the
                Claimant:

            

    

     

    
      	
               

            	
              (i)

            	
              the
                specific reason(s) for the denial of the claim, or any part of
                it;

            

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (ii)

            	
              specific
                reference(s) to pertinent provisions of the Plan upon which such
                denial
                was based;

            

    

     

    
      	
               

            	
              (iii)

            	
              a
                description of any additional material or information necessary for
                the
                Claimant to perfect the claim, and an explanation of why such material
                or
                information is necessary;

            

    

     

    
      	
               

            	
              (iv)

            	
              an
                explanation of the claim review procedure set forth in Section 15.3
                below; and

            

    

     

    
      	
               

            	
              (v)

            	
              a
                statement of the Claimant’s right to bring a civil action under ERISA
                Section 502(a) following an adverse benefit determination on
                review.

            

    

     

    
      	
              15.3

            	
              Review
                of a Denied Claim.  On or before 60 days after
                receiving a notice from the Committee that a claim has been denied,
                in
                whole or in part, a Claimant (or the Claimant's duly authorized
                representative) may file with the Committee a written request for
                a review
                of the denial of the claim.  The Claimant (or the Claimant's
                duly authorized representative):

            

    

     

    
      	
               

            	
              (a)

            	
              may,
                upon request and free of charge, have reasonable access to, and copies
                of,
                all documents, records and other information relevant (as defined
                in
                applicable ERISA regulations) to the claim for
                benefits;

            

    

     

    
      	
               

            	
              (b)

            	
              may
                submit written comments or other documents;
                and/or

            

    

     

    
      	
               

            	
              (c)

            	
              may
                request a hearing, which the Committee, in its sole discretion, may
                grant.

            

    

     

    
      	
              15.4

            	
              Decision
                on Review.  The Committee shall render its decision
                on review promptly, and no later than 60 days after the Committee
                receives the Claimant’s written request for a review of the denial of the
                claim.  If the Committee determines that special circumstances
                require an extension of time for processing the claim, written notice
                of
                the extension shall be furnished to the Claimant prior to the termination
                of the initial 60 day period.  In no event shall such extension
                exceed a period of 60 days from the end of the initial
                period.  The extension notice shall indicate the special
                circumstances requiring an extension of time and the date by which
                the
                Committee expects to render the benefit determination.  In
                rendering its decision, the Committee shall take into account all
                comments, documents, records and other information submitted by the
                Claimant relating to the claim, without regard to whether such information
                was submitted or considered in the initial benefit
                determination.  The decision must be written in a manner
                calculated to be understood by the Claimant, and it must
                contain:

            

    

     

    
      	
               

            	
              (a)

            	
              specific
                reasons for the decision;

            

    

     

    
      	
               

            	
              (b)

            	
              specific
                reference(s) to the pertinent Plan provisions upon which the decision
                was
                based;

            

    

     

    
      	
               

            	
              (c)

            	
              a
                statement that the Claimant is entitled to receive, upon request
                and free
                of charge, reasonable access to and copies of, all documents, records
                and
                other information relevant (as defined in applicable ERISA regulations)
                to
                the Claimant’s claim for benefits;
                and

            

    

     

    
      	
               

            	
              (d)

            	
              a
                statement of the Claimant’s right to bring a civil action under ERISA
                Section 502(a).

            

    

     

    
      	
              15.5

            	
              Legal
                Action.  A Claimant's compliance with the foregoing
                provisions of this Article 15 is a mandatory prerequisite to a
                Claimant's right to commence any legal action with respect to any
                claim
                for benefits under this Plan.

            

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      16

    Trust

     

    
      	
              16.1

            	
              Establishment
                of the Trust.  In order to provide assets from
                which to fulfill its obligations to the Participants and their
                Beneficiaries under the Plan, the Company may establish a trust by
                a trust
                agreement with a third party, the trustee, to which each Employer
                may, in
                its discretion, contribute cash or other property, including securities
                issued by the Company, to provide for the benefit payments under
                the Plan
                (the “Trust”).  

            

    

     

    
      	
              16.2

            	
              Interrelationship
                of the Plan and the Trust.  The provisions of the
                Plan and the Plan Agreement shall govern the rights of a Participant
                to
                receive distributions pursuant to the Plan.  The provisions of
                the Trust shall govern the rights of the Employers, Participants
                and the
                creditors of the Employers to the assets transferred to the
                Trust.  Each Employer shall at all times remain liable to carry
                out its obligations under the Plan.

            

    

     

    
      	
              16.3

            	
              Distributions
                From the Trust.  Each Employer's obligations under
                the Plan may be satisfied with Trust assets distributed pursuant
                to the
                terms of the Trust, and any such distribution shall reduce the Employer's
                obligations under this Plan.

            

    

     

    ARTICLE
      17

    Miscellaneous

     

    
      	
              17.1

            	
              Status
                of Plan.  The Plan is intended to be a plan that is
                not qualified within the meaning of Code Section 401(a) and that
“is
                unfunded and is maintained by an employer primarily for the purpose
                of
                providing deferred compensation for a select group of management
                or highly
                compensated employees” within the meaning of ERISA Sections 201(2),
                301(a)(3) and 401(a)(1).  The Plan shall be administered and
                interpreted (a) to the extent possible in a manner consistent with
                the
                intent described in the preceding sentence, and (b) in accordance
                with
                Code Section 409A and related Treasury guidance and
                Regulations.

            

    

     

    
      	
              17.2

            	
              Unsecured
                General Creditor.  Participants and their
                Bene­ficiaries, heirs, successors and assigns shall have no legal or
                equitable rights, interests or claims in any property or assets of
                an
                Employer.  For purposes of the payment of benefits under this
                Plan, any and all of an Employer's assets shall be, and remain, the
                general, unpledged unrestricted assets of the Employer.  An
                Employer's obligation under the Plan shall be merely that of an unfunded
                and unsecured promise to pay money in the
                future.

            

    

     

    
      	
              17.3

            	
              Employer's
                Liability.  An Employer's liability for the payment
                of benefits shall be defined only by the Plan and the Plan Agreement,
                as
                entered into between the Employer and a Participant.  An
                Employer shall have no obliga­tion to a Participant under the Plan
                except as expressly provided in the Plan and his or her Plan
                Agreement.

            

    

     

    
      	
              17.4

            	
              Nonassignability.  Neither
                a Participant nor any other person shall have any right to commute,
                sell,
                assign, transfer, pledge, anticipate, mortgage or otherwise encumber,
                transfer, hypothecate, alienate or convey in advance of actual receipt,
                the amounts, if any, payable hereunder, or any part thereof, which
                are,
                and all rights to which are expressly declared to be, unassignable
                and
                non-transfer­able.  No part of the amounts payable shall,
                prior to actual payment, be subject to seizure, attachment, garnishment
                or
                sequestration for the payment of any debts, judgments, alimony or
                separate
                maintenance owed by a Participant or any other person, be transferable
                by
                operation of law in the event of a Participant's or any other person's
                bankruptcy or insolvency or be transferable to a spouse as a result
                of a
                property settlement or otherwise.

            

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    
      	
              17.5

            	
              Not
                a Contract of Employment.  The terms and conditions
                of this Plan shall not be deemed to constitute a contract of employment
                between any Employer and the Participant.  Such employment is
                hereby acknowledged to be an “at will” employment relationship that can be
                terminated at any time for any reason, or no reason, with or without
                cause, and with or without notice, unless expressly provided in a
                written
                employment agreement.  Nothing in this Plan shall be deemed to
                give a Participant the right to be retained in the service of any
                Employer, either as an Employee or a Director, or to inter­fere with
                the right of any Employer to discipline or discharge the Participant
                at
                any time.

            

    

     

    
      	
              17.6

            	
              Furnishing
                Information.  A Participant or his or her
                Beneficiary will cooperate with the Committee by furnishing any and
                all
                information requested by the Committee and take such other actions
                as may
                be requested in order to facilitate the administra­tion of the Plan
                and the payments of benefits hereunder, including but not limited
                to
                taking such physical examinations as the Committee may deem
                necessary.

            

    

     

    
      	
              17.7

            	
              Terms.  Whenever
                any words are used herein in the masculine, they shall be construed
                as
                though they were in the feminine in all cases where they would so
                apply;
                and whenever any words are used herein in the singular or in the
                plural,
                they shall be construed as though they were used in the plural or
                the
                singular, as the case may be, in all cases where they would so
                apply.

            

    

     

    
      	
              17.8

            	
              Captions.  The
                captions of the articles, sections and paragraphs of this Plan are
                for
                convenience only and shall not control or affect the meaning or
                construction of any of its
                provisions.

            

    

     

    
      	
              17.9

            	
              Governing
                Law.  Subject to ERISA, the provisions of this Plan
                shall be construed and interpreted according to the internal laws
                of the
                State of California without regard to its conflicts of laws
                principles.

            

    

     

    
      	
              17.10

            	
              Notice.  Any
                notice or filing required or permitted to be given to the Committee
                under
                this Plan shall be sufficient if in writing and hand-delivered, or
                sent by
                registered or certified mail, to the address
                below:

            

    

     

    
      	
              Trimble
                Navigation Limited

            	 
	
              Attn:
                General Counsel – Urgent Notice

            	 
	
              935
                Stewart Drive

            	 
	
              Sunnyvale,
                California 94085

            	 

    

     

    Such
      notice shall be deemed given as of the date of delivery or, if delivery is
      made
      by mail, as of the date shown on the postmark on the receipt for registration
      or
      certification.

     

    Any
      notice or filing required or permitted to be given to a Participant under this
      Plan shall be sufficient if in writing and hand-delivered, or sent by mail,
      to
      the last known address of the Participant.

     

    
      	
              17.11

            	
              Successors.  The
                provisions of this Plan shall bind and inure to the benefit of the
                Participant's Employer and its successors and assigns and the Participant
                and the Participant's designated
                Beneficiaries.

            

    

     

    
      	
              17.12

            	
              Spouse's
                Interest.  The interest in the benefits hereunder
                of a spouse of a Participant who has predeceased the Participant
                shall
                automatically pass to the Participant and shall not be transferable
                by
                such spouse in any manner, including but not limited to such spouse's
                will, nor shall such interest pass under the laws of intestate
                succession.

            

    

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    
      	
              17.13

            	
              Validity.  In
                case any provision of this Plan shall be illegal or invalid for any
                reason, said illegality or invalidity shall not affect the remaining
                parts
                hereof, but this Plan shall be construed and enforced as if such
                illegal
                or invalid provision had never been inserted
                herein.

            

    

     

    
      	
              17.14

            	
              Incompetent.  If
                the Committee determines in its discretion that a benefit under this
                Plan
                is to be paid to a minor, a person declared incompetent or to a person
                incapable of handling the disposition of that person's property,
                the
                Committee may direct payment of such benefit to the guardian, legal
                representative or person having the care and custody of such minor,
                incompetent or incapable person.  The Committee may require
                proof of minority, incompetence, incapacity or guardianship, as it
                may
                deem appropriate prior to distribution of the benefit.  Any
                payment of a benefit shall be a payment for the account of the Participant
                and the Participant's Beneficiary, as the case may be, and shall
                be a
                complete discharge of any liability under the Plan for such payment
                amount.

            

    

     

    
      	
              17.15

            	
              Domestic
                Relations Orders.  If necessary to comply with a
                domestic relations order, as defined in Code Section 414(p)(1)(B),
                pursuant to which a court has determined that a spouse or former
                spouse of
                a Participant has an interest in the Participant’s benefits under the
                Plan, the Committee shall have the right to immediately distribute
                the
                spouse’s or former spouse’s interest in the Participant’s benefits under
                the Plan to such spouse or former spouse.

            

    

     

    
      	
              17.16

            	
              Insurance.  The
                Employers, on their own behalf or on behalf of the trustee of the
                Trust,
                and, in their sole discretion, may apply for and procure insurance
                on the
                life of the Participant, in such amounts and in such forms as the
                Trust
                may choose.  The Employers or the trustee of the Trust, as the
                case may be, shall be the sole owner and beneficiary of any such
                insurance.  The Participant shall have no interest whatsoever in
                any such policy or policies, and at the request of the Employers
                shall
                submit to medical examinations and supply such information and execute
                such documents as may be required by the insurance company or companies
                to
                whom the Employers have applied for
                insurance.

            

    

     

    
      	
              17.17

            	
              Distribution
                in the Event of Income Inclusion Under Code Section
                409A.  If any portion of a
                Participant’s Account Balance under this Plan is required to be included
                in income by the Participant prior to receipt due to a failure of
                this
                Plan to comply with the requirements of Code Section 409A and related
                Treasury Regulations, the Committee may determine that such Participant
                shall receive a distribution from the Plan in an amount equal to
                the
                lesser of (i) the portion of his or her Account Balance required
                to be
                included in income as a result of the failure of the Plan to comply
                with
                the requirements of Code Section 409A and related Treasury Regulations,
                or
                (ii) the unpaid vested Account
                Balance.  

            

    

     

    
      	
              17.18

            	
              Deduction
                Limitation on Benefit
                Payments.  If an Employer
                reasonably anticipates that the Employer’s deduction with respect to any
                distribution from this Plan would be limited or eliminated by application
                of Code Section 162(m), then to the extent permitted by Treas. Reg.
                §1.409A-2(b)(7)(i), payment shall be delayed as deemed necessary to
                ensure
                that the entire amount of any distribution from this Plan is
                deductible.  Any amounts for which distribution is delayed
                pursuant to this Section shall continue to be credited/debited with
                additional amounts in accordance with Section 3.7.  The delayed
                amounts (and any amounts credited thereon) shall be distributed to
                the
                Participant (or his or her Beneficiary in the event of the Participant’s
                death) at the earliest date the Employer reasonably anticipates that
                the
                deduction of the payment of the amount will not be limited or eliminated
                by application of Code Section 162(m).  In the event that such
                date is determined to be after a Participant’s Separation from Service,
                then to the extent deemed necessary to comply with Treas. Reg.
                §1.409A-3(i)(2), the delayed payment shall not made before the end
                of the
                six-month period following such Participant’s Separation from
                Service.

            

    

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has signed this Plan document as of
      ___________________, 2007.

     

    
      	 	
              “Company”  

            
	 	
              Trimble
                Navigation Limited,  

            
	 	
              a
                California corporation  

            
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
               

            	 
	 	
              Title:

            	
               

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    APPENDIX
      A

     

    LIMITED
      TRANSITION RELIEF FOR DISTRIBUTION ELECTIONS MADE AVAILABLE IN ACCORDANCE WITH
      NOTICE 2006-79

     

    The
      capitalized terms below shall have the same meaning as provided in Article
      1 of
      the Plan.

     

    Opportunity
      to Make New (or Revise Existing) Distribution
      Elections.  Notwithstanding the required
      deadline for the submission of an initial distribution election under Articles
      4, 5 and 6 of the Plan, the Committee may, to the extent permitted by Notice
      2006-79, provide a limited period in which Participants may make new
      distribution elections, or revise existing distribution elections, with respect
      to amounts subject to the terms of the Plan, by submitting an Election Form
      on
      or before the deadline established by the Committee, which in no event shall
      be
      later than December 31, 2007.  Any distribution election(s) made by a
      Participant, and accepted by the Committee, in accordance with this Appendix
      A
      shall not be treated as a change in either the form or timing of a Participant’s
      benefit payment for purposes of Code Section 409A or the Plan.  If any
      distribution election submitted by a Participant in accordance with this
      Appendix A either (a) relates to an amount that would otherwise be paid to
      the
      Participant in 2007, or (b) would cause an amount to be paid to the Participant
      in 2007, such election shall not be effective.

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