0001628280-20-001541 Sample Contracts

POLARIS INC. RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • February 14th, 2020 • Polaris Inc. • Miscellaneous transportation equipment • Minnesota

In accordance with the terms of the Polaris Inc. 2007 Omnibus Incentive Plan (As Amended and Restated April 25, 2019) (the "Plan"), Polaris Inc. (the “Company”) hereby grants to you, the Participant named above, an award of Restricted Stock Units involving the number of such Units set forth in the table below. The terms and conditions of this Award are set forth in this Agreement, consisting of this cover page, the Award Terms and Conditions on the following pages, and in the Plan document, a copy of which has been made available to you. Unless the context indicates otherwise, any capitalized term that is not defined in this Agreement will have the meaning set forth in the Plan as it currently exists or as it is amended in the future.

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POLARIS INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • February 14th, 2020 • Polaris Inc. • Miscellaneous transportation equipment • Minnesota

In accordance with the terms of the Polaris Inc. 2007 Omnibus Incentive Plan (As Amended and Restated April 25, 2019) (the “Plan”), Polaris Inc. (the “Company”) hereby grants to you, the Participant named above, an Option to purchase from the Company up to the number of shares of the Company’s common stock (the “Common Stock”) set forth in the table below at the specified Option Price per share. The terms and conditions of this Option Award are set forth in this Agreement, consisting of this cover page and the Option Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Unless the context indicates otherwise, any capitalized term that is not defined in this Agreement will have the meaning set forth in the Plan as it currently exists or as it is amended in the future.

SEVERANCE AGREEMENT
Severance Agreement • February 14th, 2020 • Polaris Inc. • Miscellaneous transportation equipment • Minnesota

THIS SEVERANCE AGREEMENT (the "Agreement"), is made and entered into as of April 4, 2011 between POLARJS INDUSTRIES INC., a Minnesota corporation (the "Company"), and James Williams (the "Employee").

POLARIS INC. PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • February 14th, 2020 • Polaris Inc. • Miscellaneous transportation equipment • Minnesota

In accordance with the terms of the Polaris Inc. 2007 Omnibus Incentive Plan (As Amended and Restated April 25, 2019) (the “Plan”), Polaris Inc. (the “Company”) hereby grants to you, the Participant named above, an award of Performance Restricted Stock Units involving the number of Performance Restricted Stock Units set forth in the table below (the “Units”). The terms and conditions of this Award are set forth in this Agreement, consisting of this cover page, the Award Terms and Conditions on the following pages and the attached Exhibit A, and in the Plan document, a copy of which has been made available to you. Unless the context indicates otherwise, any capitalized term that is not defined in this Agreement will have the meaning set forth in the Plan as it currently exists or as it is amended in the future.

Polaris Highway 55 Medina, MN 55340-9770
Letter Agreement • February 14th, 2020 • Polaris Inc. • Miscellaneous transportation equipment
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