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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
2001 Annual Report on Form 10-K
EXHIBIT 10.2(c)
AMENDMENT TO AMENDED AND RESTATED
ECONOMIC VALUE ADDED INCENTIVE COMPENSATION PLAN
WHEREAS, Briggs & Stratton Corporation desires to amend the Briggs &
Stratton Corporation Economic Value Added Incentive Compensation Plan in certain
respects;
NOW THEREFORE, the Plan is amended as follows, effective July 1, 2001:
1. Section II is deleted and replaced with the following
Section II:
"II. Plan Administration
The Compensation Committee of the Board of Directors
(the `Committee') shall be responsible for the
design, administration, and interpretation of the
Plan."
2. Section IV is deleted and replaced with the following
Section IV:
"IV. Eligibility
A. Eligible Positions. In general, all Company
Officers, Division General Managers, and
members of the corporate operations group,
and certain direct reports of such
individuals may be eligible for participation
in the Plan. However, actual participation
will depend upon the contribution and impact
each eligible employee may have on the
Company's value to its shareholders, as
determined by the Chief Executive Officer of
the Company, and approved by the Committee.
B. Nomination and Approval. Each Plan year, the
Chief Executive Officer of the Company will
nominate eligible employees to participate
in the Plan for the next Plan Year. The
Committee will have the final authority to
select Plan participants (the
"Participants") among the eligible employees
nominated by the Chief Executive Officer of
the Company. Continued participation in the
Plan is contingent on approval of the
Committee. Selection normally will take
place, and will be communicated to each
Participant, prior to the beginning of the
pertinent Plan Year."
3. Section V is amended by deleting paragraph B and
replacing it with the following paragraph B.
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"B. Target Incentive Awards. The Target
Incentive Awards will be determined
according to the following schedule:
Target Incentive Award
Executive Position (% of Base Salary)
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Chairman 100%
Chief Executive Officer 100%
Executive Vice President
& Senior Vice President 60%
Other Elected Officers 40%
Division General Managers 40%
Designated Key Contributors 25%
All Others 20%"