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2009
EXECUTIVE LONG TERM INCENTIVE PROGRAM
PERFORMANCE
STOCK UNIT AGREEMENT
The
Timberland Company, a Delaware corporation (the
“Company”), hereby grants, effective as of <<Date
of Grant>>,
(the “Participant”)
performance stock units (“PSUs”), which PSUs if earned
pursuant to the 2009 Executive Long Term Incentive Program (the
“2009 LTIP”) will be paid in the form of shares of the
Company’s Class A Common Stock on the basis of one share
for each stock unit. The PSUs are subject to the terms and
conditions of the 2007 Incentive Plan, 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.
Subject
to the terms and conditions of the 2007 Incentive Plan, the 2009
LTIP and the additional terms and conditions delivered herewith,
the PSUs shall be earned as follows:
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PSUs upon
achievement of a Performance Goal (as defined in the 2009 LTIP) as
determined
by the Committee (as defined in the 2009 LTIP)
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THE
TIMBERLAND COMPANY
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By:
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ACKNOWLEDGED
AND RECEIVED
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ADDITIONAL
TERMS AND CONDITIONS OF AGREEMENT ARE ATTACHED HERETO
PERFORMANCE
STOCK UNIT AGREEMENT
ADDITIONAL
TERMS AND CONDITIONS
The
<<Date of Grant>> Award of Performance Stock Units
(“PSUs”) is made pursuant to the 2009 Executive Long
Term Incentive Program (the “2009 LTIP”) under the
Company’s 2007 Incentive Plan (the “2007 Plan”
and together with the 2009 LTIP, the “Plan Documents”).
The Award is subject to the restrictions and conditions set forth
below and in such Plan Documents, which are incorporated herein by
reference with the s
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