THE TIMBERLAND COMPANY PERFORMANCE VESTED STOCK OPTION AGREEMENTPerformance Vested Stock Option Agreement • May 8th, 2009 • Timberland Co • Footwear, (no rubber)
The Timberland Company, a Delaware corporation (the “Company”), hereby grants, effective as of <<Date of Grant>>, to (“Optionee”) a performance vested stock option (the “PVSO”), which PVSO if earned will allow the Optionee to purchase up to an aggregate of shares of Class A Common Stock of the Company (the “Class A Common Stock”), at a price of $ per share (“Option Price”) (which Option Price was not less than the per share fair market value of Class A Common Stock on the date of grant). Such PVSO is subject to the terms and conditions of the 2007 Incentive Plan, the 2009 Executive Long Term Incentive Program (the “2009 LTIP”) and the additional terms and conditions delivered herewith. Such additional terms and conditions are incorporated by reference herein and made a part hereof.
