Board of Directors Compensation Policy

Executive Compensation Plan Agreement

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Trimble Navigation Limited

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Title: Board of Directors Compensation Policy
Date: 8/10/2009
Industry: Scientific and Technical Instr. Sector: Technology

EXHIBIT 10.3

Trimble Navigation Limited

Board of Directors Compensation Policy

The following is a schedule of the elements of compensation and expense reimbursement for nonemployee members of the board of directors. This policy is effective April 24, 2009.

·	A stock option grant of 15,000 shares under the Trimble 2002 Stock Option Plan upon the initial appointment or election to the board.

·	An additional annual grant of 15,000 shares to be granted to each director upon re-election by the shareholders at Trimble's Annual Shareholders’ Meeting.

·	Options granted to directors are at fair market value on the date of grant and will have a term of ten years, vesting monthly, on a pro-rated basis, over three years. The options will terminate 90 days after the individual ceases to be a member of the board.

·	An annual retainer running from July1 through June 30 of each year in t

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