Exhibit 10.2

 

 

April 16, 2003

 

 

Ms. Vivian Macdonald

 

 

Dear Vivian:

 

We are pleased to promote you to the position of Vice President, Corporate
Controller of Restoration Hardware.

 

Below are the key details of the offer.

 

Title

 

Vice President, Corporate Controller

 

 

 

Salary

 

$175,000 per year, paid bi-weekly.

 

 

 

Management Incentive Program

 

You will be eligible to participate in the Management Incentive Program. Details
of the program to be finalized at a later date.

 

 

 

Stock Option Grant

 

20,000 shares, as part of the annual stock option plan. The stock options will
vest over a 4-year period, with the terms being in accordance with the
administrative guidelines of  the company’s stock option plan.

 

--------------------------------------------------------------------------------

 

Vivian, you are a valuable member of the organization and we are looking forward
to your continuing contributions to Restoration Hardware.

 

Sincerely,

 

 

/s/ Kevin Shahan

 

/s/ Gary Friedman

 

 

 

Kevin Shahan

 

Gary Friedman

VICE PRESIDENT, CHIEF FINANCIAL OFFICER

 

PRESIDENT AND CHIEF EXECUTIVE OFFICER

 

 

Þ I understand and agree to the terms of this offer of employment:

 

/S/ VIVIAN MACDONALD

 

4/16/03

 

VIVIAN MACDONALD

 

DATE

 

 

cc:           Associate’s file

 

2

--------------------------------------------------------------------------------