RESTRICTED STOCK AGREEMENT

EXHIBIT 10.1

RESTRICTED STOCK AGREEMENT

                    This Restricted Stock Agreement (" Agreement ") is made as of the Grant Date set forth above between SPARTAN MOTORS, INC., a Michigan corporation (" Spartan "), and the grantee as awarded.

                    The Spartan Motors, Inc. Stock Incentive Plan of 2007 (the " Plan ") is administered by the Compensation Committee of Spartan's Board of Directors (the " Committee "). The Committee has determined that Grantee is eligible to participate in the Plan. The Committee agrees to award restricted stock to Grantee, subject to the terms and conditions contained in this Agreement and in the Plan. This Agreement is intended to comply with the provisions governing restricted stock under Internal Revenue Service Regulation 26 C.F.R. § 1.409A-1(b)(6) in order to exempt the restricted stock from application of Section 409A of the Internal Revenue Code (" Section 409A ").

                    Grantee acknowledges receipt of a copy of the Plan and the Plan Description, and accepts this restricted stock award subject to all of the terms, conditions, and provisions of this Agreement and the Plan.

          1.          Award .  Spartan hereby awards to Grantee, as of the Date of Award, shares of Spartan's common stock, $.01 par value, subject to conditions and restrictions imposed under this Agreement and the Plan (the " Restricted Stock "). Spartan may issue share certificates with respect to the Restricted Stock or may deposit the Restricted Stock into an electronic account maintained by a third party, in which case the share certificates with respect to the Restricted Stock may, in Spartan's discretion, not be issued until the restrictions imposed on the Restricted Stock have lapsed.

          2.          Transferability .  Until the restrictions lapse as set forth in paragraph 3 below, the Plan provides that Restricted Stock granted under this Agreement is generally not transferable by Grantee except by will or according to the laws of descent and distribution, and further provides that all rights with respect to the Restricted Stock are exercisable during Grantee's lifetime only by Grantee, Grantee's guardian, or legal representative. Spartan shall place an appropriate legend upon any certificate representing shares of Restricted Stock awarded under this Agreement and may also issue appropriate stop transfer instructions to its transfer agent with respect to such shares.

          3.          Lapsing of Restrictions .  Except as otherwise provided in this Agreement, the restrictions imposed on the Restricted Stock awarded pursuant to this Agreement shall lapse equally in annual increments on each anniversary of the Grant Date over three years for non-officers and over five years for Officers. The periods during which Restricted Stock is subject to restrictions imposed by the Plan and under this Agreement shall be known as " Restricted Periods ."

          4.          Acceleration .  All restrictions imposed on the Restricted Stock awarded pursuant to this Agreement shall lapse immediately in the event of any Change in Control (as defined in the Plan) of Spartan.

          5.          Securities Laws . The Restricted Stock award under this Agreement is conditional upon (i) the effective registration of the Plan and the Restricted Stock granted thereunder under the Securities Act of 1933 and the effective registration or exemption of the Plan and the Restricted Stock granted thereunder under applicable state or foreign securities laws, and (ii) the effective listing of the stock on any applicable securities exchange or quotation sy