BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

EX-10.5(C) 4 dex105c.htm AMENDMENT TO STOCK INCENTIVE PLAN Amendment to Stock Incentive Plan

2004 Annual Report on Form 10-K

EXHIBIT 10.5(c)

AMENDMENT TO THE

BRIGGS & STRATTON CORPORATION

AMENDED AND RESTATED

STOCK INCENTIVE PLAN

WHEREAS, the Company executed Stock Option Agreements as of August 4, 1999 (the “1999 Agreements”) that grant optionees stock options to purchase from the Company shares of its common stock at $74.53 per share during the period commencing on August 4, 2002 and ending on August 4, 2004,

WHEREAS, the Company intends to publicly release its fiscal 2004 year-end financial information on or about August 5, 2004, and immediately prior to that date certain individuals will be prohibited from engaging in cashless exercises with respect to these options under the Company’s policy on insider trading, and

WHEREAS, the Company desires to provide all optionees the opportunity to exercise options under the 1999 Agreements for a limited period of time following the public release of its year-end financial information,

RESOLVED, the officers of the Company are authorized to amend the 1999 Agreements effective August 4, 2004 so that (a) the unexercised portion of any incentive stock option granted under the 1999 Agreements shall be converted to a non-qualified stock option, and (b) such option and any other unexercised option granted under the 1999 Agreements shall expire on August 31, 2004.