EXHIBIT 10 (iii)
STOCK OPTION GRANT DOCUMENT
1. The Human Resources Committee of the Board of Directors (the "Committee") of Whirlpool Corporation
(also referred to as the "Company"), has granted to you the option to purchase shares of common stock of the
Company under certain conditions pursuant to the 1998 Omnibus Stock and Incentive Plan (the "Omnibus
Plan"). The option granted is a non-statutory stock option for the right to purchase the number of shares at the
price indicated above. The option to purchase is granted in installments with the number of shares eligible to be
purchased and the date of first possible purchase stated below. Your option is subject to the provisions of the
Omnibus Plan and this grant document.
2. To exercise your option to purchase any vested shares, you need to make full payment to Whirlpool
Corporation, 2000 M-63, Benton Harbor, Michigan U.S.A. 49022, in cash in U.S. dollars, or in common stock
of the Company or in a combination of cash and stock. If all or part of the payment is in shares of common stock
of the Company, these shares will be valued at their fair market value on the date of exercise. You must exercise
your vested options prior to the expiration date above.
3. If you cease to be employed by the Company or any of its subsidiaries for any reason other than death,
retirement, disability, or with the consent of the Committee, your grant shall terminate on the date you cease to be
so employed and all of your then outstanding options shall terminate immediately.
4. (a) If you leave employment with the Company or any of its subsidiaries due to retirement, disability, or with
the consent of the Committee, you may at any time after the date you leave that employment (but in no event later
than the expiration date set forth above) pay for and receive all or any of the shares relating to options exercisable
on the last date of your employment. After ceasing employment as specified in the first sentence of this paragraph,
your beneficiary under the