DEERE & CO
EX-10.11
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT 10.11</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of</font></b></h2>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">John Deere Nonqualified Stock Option Grant</font></b></h2>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Date]</font></b></h2>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 align="left" style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman"><img width="242" height="52" src="g149421kgimage002.gif"></font></b></h2>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Name]</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Title]</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unit [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]
- Department [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Number of shares:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grant Date:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Strike Price: $</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The number of shares was
based on your annualized salary on [Date] multiplied by the market percent for
your grade and divided by a governor price of [$&#160;&#160;&#160;&#160;&#160;&#160;&#160; ].&#160;
As communicated in Total Rewards Strategy rollout, the intent of the
governor price is to insure the shares granted will not exceed the shares
authorized by the shareholders.&#160; The
future value of your grant will depend on the stock price on the date of
exercise exceeding the strike price established on the grant date.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This grant will vest over
the next three years, with 34% of the shares becoming exercisable in [Date]],
33% in [Date], and 33% in [Date].</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You will be notified via
email in [Date] when the details regarding your stock option can be viewed on
the UBS Financial Services website.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form
of</font></b></h2>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">John
Deere Stock Option Grant</font></b></h2>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terms
and Conditions</font></b></h2>

<h2 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Granted
[Date]</font></b></h2>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">(Nonqualified)</font></i></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vesting</font></b></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This stock option will
become exercisable over a three-year period with 34% becoming exercisable one
year after the grant date, and 33% becoming exercisable on each of the second
and third years after the grant date. Vesting is accelerated upon retirement or
disability (each as defined under the John Deere Omnibus Equity and Incentive
Plan (Plan)) allowing you to exercise this option six months after the grant
date. If you die while actively employed, the entire option amount will be exercisable
immediately by your beneficiaries or heirs.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Expiration</font></b></h4>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This option will expire
ten years after the grant date. If you retire or
become disabled (as defined under the Plan), you or your heirs can exercise
this stock option within five years of separation or ten years from date of
grant, whichever comes first. If you die after retirement, the exercise period
may be extended to one year from date of death. If you die while
actively employed, your beneficiaries or heirs can exercise this stock option
within one year after the date of death or ten years from the date of grant,
whichever comes first. Options will be cancelled upon date of termination of
employment for reasons other than death, disability or retirement. Regardless
of the circumstance, all unexercised options will expire ten years from the
date of grant.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Calculation</font></b></h3>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
option price of your grant is the average of high and low market prices at
which Deere &amp; Company stock traded on the date of grant.</font></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Expenses</font></b></h4>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Commissions,
fees, and other expenses connected with the exercise and sale of this option
grant are payable by you as part of the option price. No commissions or fees
are charged if you purchase and hold the shares.</font></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Procedures</font></b></h4>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock options are
currently exercised through UBS Financial Services (Formerly UBS PaineWebber). Information regarding the exercise process is
available via the Internet at [web <u>address]</u> or by calling [phone
nember]. When calling from outside the U.S. and Canada, use the AT&amp;T Direct
service access number before dialing the above number so the call will be toll
free. The toll number is [phone number].</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">NOTE: If this is your first stock option grant, information
about accessing your options via telephone or Internet will be mailed to your
home address, as shown in the Company&#146;s personnel records.</font></i></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h5 align="left" style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-align:left;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plan Information</font></b></h5>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">This
option was granted under and is subject to the terms of the Plan, for which a
prospectus is available at [web <u>address]</u>.
Any inconsistencies between this letter and the Plan shall be resolved in accordance
with the terms of the Plan.</font></b> A paper copy of the prospectus is
also available upon request from the Deere &amp; Company Compensation
Department, One John Deere Place, Moline, Illinois, 61265-8098 or by calling
(309) 765-4770<b><font style="font-weight:bold;">.</font></b> The latest Deere &amp; Company
Annual Report and Proxy Statement are available electronically at
http://www.deere.com/stock or in hard copy upon request from the Deere &amp;
Company Stockholder Relations Department.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Beneficiary
Form</font></b></h4>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">If you have not already done so, please complete a Beneficiary
Designation Form and return it to Deere Direct.</font></i> Your designation will remain in effect until changed
by you and will apply to this and all future grants under the Plan. Forms are
available at the UBS Financial Services Internet site referenced above.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 style="line-height:normal;margin:0in 0in .0001pt 63.35pt;page-break-after:auto;text-indent:-63.35pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement</font></b></h4>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You
will be considered to have agreed to the terms and conditions of this grant,
including the non-compete and consulting obligations described in Section&nbsp;8.2
of the Plan, if you have not notified Deere &amp; Company of any issues or
problems within thirty days of the date of this notification.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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