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8-K - FORM 8-K - NAVISTAR INTERNATIONAL CORPd270473d8k.htm
EX-10.1 - ANNUAL INCENTIVE AWARD PLAN CRITERIA FOR FISCAL YEAR 2012 - NAVISTAR INTERNATIONAL CORPd270473dex101.htm

EXHIBIT 10.2

Non-Employee Director Stock Option Grants

On December 12, 2011, the Nominating and Governance Committee of the Board of Directors recommended, and on December 13, 2011 the Board of Directors approved, the fiscal year 2012 non-employee director stock option grants in the amount and upon the terms and conditions set forth below.

General Terms of Grant:

 

   

Form of grant: Non-qualified stock options.

 

   

Term and vesting of stock options: The stock option grants vest equally over a 3 year period and have a 7 year term.

 

   

Grant date: December 13, 2011.

 

   

Exercise Price for Stock Options: $37.40

 

   

Number of stock options: 5,000