December 7, 2009
LONG TERM INCENTIVE PLAN
2010 Form of Restricted Stock Award Agreement
This Restricted Stock Award Agreement (the “Agreement”), is entered into as of this day of (the “Award Date”)
between PACCAR Inc, a Delaware corporation (the “Company”), and ( Key Employee) (the “Recipient”).
WHEREAS, The Company has established the PACCAR Inc Long Term Incentive Plan (the “LTIP”) in order to provide
key employees of the Company and its subsidiaries with an opportunity to acquire shares of the Company’s common stock, par
value $1 per share (the “Common Shares”); and
WHEREAS, the Compensation Committee of the Board of Directors charged with administering the LTIP (the “Committee”)
has determined that it would be in the best interests of the Company and its stockholders to grant the Restricted Shares
described in this Agreement to the Recipient as an inducement to enter into or remain in the service of the Company and as an
incentive for extraordinary efforts during such service;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, it is agreed as follows:
One-fourth shall vest on the first day of the month following certification of the performance goal, and an additional
one-fourth on each succeeding first of January, so as to be 100% vested on January 1, (Insert Award Year + 3).
1. Award . The Company hereby grants the Recipient (Insert Number Of Shares Awarded) Common Shares (the “Restricted
Shares”), subject to the terms and conditions of the LTIP and this Agreement (the “Award”). The provisions of the LTIP
are incorporated into this Agreement by this reference.
Rights as Stockholder . On and after the Award Date, and except to the extent provided in the LTIP and this Agreement,
the Recipient will be entitled to all of the rights of a stockholder with respect to the Restricted Shares, including the right to
vote the Restricted Shares and to receive dividends and other distributions payable