POLARIS INDUSTRIES INC/MN
EARLY RETIREMENT PERQUISITE POLICY (CEO)
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<TYPE>EX-10.Y
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<DESCRIPTION>EARLY RETIREMENT PERQUISITE POLICY (CEO)
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    <TD align="right" valign="top"><B>Exhibit&nbsp;10.y</B></TD>
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    <TD align="left" valign="top">PERQUISITES &#151; CEO Early Retirement
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    <TD align="left" valign="top">Revised: 10/2007</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Eligibility:</B>
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    <TD align="left" valign="top">Position of Chief Executive Officer at age 55 with10&nbsp;years of service.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Medical Insurance</B>
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    <TD align="left" valign="top">Polaris will provide a fully insured medical insurance plan through the same provider as an active Polaris
employee for eligible retirees and spouses. Full coverage is provided from age 55 to 64 then coverage
coincides with Medicare B for age 65&#043;. Details are outlined in the summary plan documents.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Dental Insurance</B>
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    <TD align="left" valign="top">Dental insurance will be continued for the retiree and spouse under a fully insured plan at the same coverage
level and with the same provider as an active Polaris employee.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Company Products</B>
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    <TD align="left" valign="top">Continued use of company products in accordance with the active
officer product program. This includes up to 12 products accompanied by
clothing and accessories, subject to the rules of the active officer
product program. The Company will also arrange for the use of a demo
motorcycle from one of our dealers when requested anywhere that Polaris
has a Victory dealer.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Travel Arrangements/<BR>
Company Airplane</B>
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    <TD align="left" valign="top">Continued use of the company&#146;s travel agent for travel
arrangements and use of the company airplane in accordance
with the active officer benefit.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Physical Exams</B>
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    <TD align="left" valign="top">Continued annual physicals at the Mayo Clinic for retired officer and spouse in accordance with the active officer benefit. This is a
taxable benefit and the individual will receive a1099 form for tax
filing purposes.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Secretarial Services</B>
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    <TD align="left" valign="top">Secretarial services and reasonable office facilities
will be provided at company&#146;s expense. Any taxes
incurred as a result of this perk will be grossed up
to ensure no net loss to the individual.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Restricted Stock/</B>
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    <TD align="left" valign="top">In accordance with employment agreement.</TD>
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