RESTRICTED STOCK AGREEMENT
This Restricted Stock Agreement (" Agreement ") is made as of , 200__
between SPARTAN MOTORS, INC., a Michigan corporation (" Spartan Motors "), and
(" Grantee ").
The Spartan Motors, Inc. Stock Incentive Plan of 200__ (the " Plan ") is administered by the
Compensation Committee of Spartan Motors'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.
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 Motors hereby awards to Grantee, as of the Date of Award, ______ shares of
Spartan Motors' common stock, $.01 par value, subject to conditions and restrictions imposed under this
Agreement and the Plan (the " Restricted Stock ").
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 Motors 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 res