THE BLACK & DECKER 1986 STOCK OPTION PLAN
The proper execution of the duties and responsibilities of the executive and other key employees of The Black &
Decker Corporation and its subsidiaries is a vital factor in the continued growth and success of the Corporation.
Toward this end, it is necessary to attract and retain effective and capable employees to assume positions which
contribute materially to the successful operation of the business of the Corporation. It will benefit the
Corporation, therefore, to bind the interests of these persons more closely to its own interests by offering them an
attractive opportunity to acquire a proprietary interest in the business enterprise and thereby provide them with
added incentive to remain in its employ and to increase the prosperity, growth and earnings of the Corporation.
This stock option plan will serve these purposes.
The following terms wherever used herein shall have the following meanings respectively:
1:03 The term "Incentive Stock Option" shall mean any option granted pursuant to the Plan clearly designated as
an Incentive Stock Option and which satisfies the requirements of Code Section 422(b).
1:04 The term "Plan" shall mean The Black & Decker 1986 Stock Option Plan as approved and recommended
by the Board of Directors on October 17, 1985 and as adopted by the
Effective Date of the Plan
1:01 The term "Corporation" shall mean The Black & Decker
1:02 The term "Code" shall mean the Internal Revenue Code of 1986,
as amended, and any regulation thereto.
shareholders of the Corporation on January 27, 1986, as the
same may be further amended from time to time.
1:05 The term "Board of Directors" shall mean the Board of
Directors of the Corporation.
1:06 The term "Committee" shall mean a committee to be