Document:

exhibit10_1.htm

    
       

       

      
        	
                 

                

              	
                 

                Exhibit
    10.1

              

      

       

    

    2009
BRUNSWICK PERFORMANCE PLAN (BPP)

    SUMMARY
TERMS AND CONDITIONS

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	
                                                Purpose

                                              	
                                                Reward
      achievement of annual goals

                                                 

                                              
	
                                                Eligibility

                                              	
                                                Key
      managers and above identified on an individual basis.

                                                 

                                              
	
                                                Performance
      Period

                                              	
                                                Fiscal
      year.

                                                 

                                              
	
                                                Performance
      Measures

                                              	
                                                Funding
      based 100% on level of corporate-wide operating cash on hand as of the end
      of the performance period.

                                                 

                                              
	
                                                Funding  Review
      and 

                                                Approval

                                              	
                                                The
      following steps will be taken to review and approve funding:

                                                 

                                                § CFO
      will review actual results quarterly to evaluate established
      accruals.

                                                § CEO
      will review performance at end of performance period and recommend funding
      to Human Resource and 

                                                  
      Compensation Committee as appropriate.

                                                § Human
      Resources and Compensation Committee will review and approve funding as
      deemed appropriate.

                                                 

                                              
	
                                                Individual
      Awards

                                              	
                                                Individual
      awards will be determined on a discretionary basis using overall approved
      funding, evaluation of individual performance for the performance period,
      target incentives as a percent of salary and covered salary (actual paid
      for year).

                                                 

                                                Individuals
      must be employed at the end of the performance period to receive an award,
      except those terminating due to death or permanent and total disability
      will be eligible to receive individual awards.

                                                 

                                              
	
                                                Timing
      and Form of 

                                                Award
      Payments

                                                 

                                              	
                                                In
      2010 after financial results are confirmed and appropriate approvals are
      obtained.  Payment may be made in cash, shares of Brunswick
      common stock, or in a combination of cash or stock, as determined by the
      Committee.

                                                 

                                              
	
                                                Claw
      Back

                                              	
                                                The
      Human Resources and Compensation Committee will evaluate the facts and
      circumstances of any restatement of earnings due to fraud or intentional
      misconduct that results in material noncompliance with any financial
      reporting requirement and, in its sole discretion, may require the
      repayment of all or a portion of bonus awards from individual(s)
      responsible for the restatement and others assigned to salary grade 21 and
      above, including senior executives, as deemed appropriate by the
      Committee.

                                                 

                                              
	
                                                Additional

                                              	
                                                Nothing
      contained in these materials constitutes or is intended to create a
      promise of an individual incentive award or a contract of continued
      employment. Employment is
      at-will and may be terminated by either the employee or Corporation for
      any reason at any time.exhibit10_2.htm

    
      
        Exhibit
10.2

         

        

        February
2009 Stock-Settled Stock Appreciation Right Grant Terms and
Conditions

        Pursuant
to the Brunswick Corporation 2003 Stock Incentive Plan (the “Plan”)

        

        
          
            
              
                
                  	
                          Purpose

                        	
                          To
      promote Brunswick’s long term financial interests and growth.

                           

                        
	
                          Stock-Settled
      Stock Appreciation Right

                           

                        	
                          The
      right to receive a payment in Brunswick stock equal to the excess of the
      stock's market value at exercise over the exercise prices as established
      on the date of grant attributable to the number of underlying
      Stock-Settled Stock Appreciation Rights granted.

                           

                          By
      exercising Stock Settled SARs, you agree to the terms and conditions of
      the grant.

                           

                        
	
                          Exercise
      Price

                        	
                          $
      Closing price as reported for the New York Stock Exchange – Composite
      Transactions on date of grant.

                           

                        
	
                          Vesting

                        	
                          Stock
      Settled SARs vest and become exercisable the earlier of:

                          § One
      fourth of the SARs granted on each of the first, second, third, and fourth
      anniversaries following grant,so long 

                             
      as employment by Brunswick or its designated affiliates continues on each
      such anniversary;

                          § Termination
      due to death or disability; or,

                          § A
      Change in Control (as defined in the Plan).

                           

                        
	
                          Grant
      Term

                        	
                          Stock
      settled SARs not exercised will be cancelled the earlier of:

                          § Last
      day of employment if involuntarily terminated for cause (willful
      misconduct in the performance of duties), or

                          § Based
      on eligibility as of last day employed the more generous of the
      following:

                          · 30
      days after voluntary termination;

                          · One
      year after involuntary termination without cause (for example,
      reductions-in-force or reorganization), 

                            or
      if your employer ceases to be a subsidiary of Brunswick,
      unless the Committee provides otherwise;

                          · Two
      years after termination following a Change in Control (as defined in the
      Plan); or

                          · Five
      years after termination due to death, permanent disability (as defined
      below), or if age and years

                            of service equal 70 or
      more and age is 62 or more at the time of termination (the rule of 70 does
      not 

                              
      apply for grants made
      to residents of the European Union) (SARs continue to
      become exercisable
      

                              
      per normal vesting schedule after termination). 

                          § But,
      in no event later than ten years from date of grant.

                           

                        

                

              

            

          

        

        
          
            
              
                
                  	
                          Exercise
      Settlement-Payment / Tax Withholding

                        	
                          On
      exercise, the number of shares of Brunswick stock delivered will be
      determined as follows:

                          § The
      difference between the closing market price on date of exercise and the
      exercise price will be determined.

                          § This
      difference will be multiplied by the number of SARs being exercised to
      determine the total dollar gain.

                          § The
      total dollar gain will be divided by the closing market price on date of
      exercise.

                           

                          The
      resulting tax withholding liability (to meet required FICA, federal,
      state, and local withholding) can be paid in any combination of the
      following:

                           

                          § Cash
      or check, or by

                          § Selling
      shares to cover minimum tax withholding liability only.*

                           

                          *Involves
      a “sale” of stock.  Trading stock based on insider information
      is prohibited.  Contact the Corporate Legal Department if you
      have any questions before you exercise a SAR.

                           

                        
	
                          Additional
      Terms and Conditions

                        	
                          Grants
      are subject to the terms of the Plan.  To the extent any
      provision herein conflicts with the Plan, the Plan shall
      govern.  The Human Resources and Compensation Committee of the
      Board administers the Plan.  The Committee may interpret the
      Plan and adopt, amend and rescind administrative guidelines and other
      rules as deemed appropriate.  Committee determinations are
      binding.

                           

                          Permanent
      disability means the inability, by reason of a medically determinable
      physical or mental impairment, to engage in any substantial gainful
      activity, which condition, in the opinion of a physician selected by the
      Committee, is expected to have a duration of not less than 120
      days.

                           

                          The
      Plan may be amended, suspended or terminated at any time.  The
      Plan will be governed by the laws of the State of Illinois, without regard
      to the conflict of law provisions of any jurisdiction.

                           

                        

                

              

            

          

        

        

        Nothing
contained in these Terms and Conditions or the Plan constitutes or is intended
to create a contract of continued employment.  Employment is at-will
and 

        may be
terminated by either the employee or Brunswick (including affiliates) for any
reason at any time.

        
          
            
            

          

          
            1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]