Exhibit 10.2
PERFORMANCE RESTRICTED STOCK UNIT AWARD
under the Fossil Group, Inc. 2016 Long-Term Incentive Plan
This PERFORMANCE RESTRICTED STOCK UNIT AWARD (the “Award”), is entered into
effect as of the date of the grant set forth in the Notice of Grant (the “Date
of Grant”).
W I T N E S S E T H:
WHEREAS, Fossil Group, Inc., a Delaware corporation (the “Company”) has adopted
the Fossil Group, Inc. 2016 Long-Term Incentive Plan (the “Long-Term Incentive
Plan”), effective as of the Effective Date (as defined in the Long-Term
Incentive Plan), with the objective of advancing the best interests of the
Company, its Subsidiaries and its stockholders in order to attract, retain and
motivate key employees with additional incentives through the award of
Restricted Stock Units; and
WHEREAS, the Long-Term Incentive Plan provides that eligible Employees of the
Company or its Subsidiaries, as determined in the judgment of the Committee, may
be granted an Award which may consist of grants of restricted units of common
stock, par value $.01 per share (“Common Stock”), of the Company;
NOW, THEREFORE, the Participant identified in the Notice of Grant is hereby
awarded Restricted Stock Units in accordance with the following terms:
1.    Grant of Award; Restricted Stock Units. Subject to the terms and
conditions set forth in the Long-Term Incentive Plan, this Award and in the
Notice of Grant, the Company hereby grants to the Participant an award of those
Restricted Stock Units specified in the Notice of Grant, subject to adjustment
from time to time as provided in Articles 12, 13 and 14 of the Long-Term
Incentive Plan. Each Restricted Stock Unit shall be a notional share of Common
Stock, with the value of each Restricted Stock Unit being equal to the Fair
Market Value of a share of Common Stock at any time.
2.    Vesting; Conversion. If the Participant remains continuously employed by
the Company or a Subsidiary through each Vesting Date set forth in the Notice of
Grant, the Restricted Stock Units shall vest (it being understood that the
Restricted Stock Units shall vest cumulatively) based upon the achievement of
the performance goals and vesting terms and conditions as set forth in the
Notice of Grant. Any Restricted Stock Unit that does not vest on the applicable
Vesting Date shall be forfeited.
Notwithstanding the vesting conditions set forth in the Notice of Grant or
otherwise in this Award, in the event the Participant incurs a Termination of
Service (as such term is defined in that certain Executive Severance Agreement
by and between the Company and the Participant (the “Severance Agreement”))
without Cause (as defined in the Severance Agreement) or for Good Reason (as
defined in the Severance Agreement) prior to a Change in Control, then the
then-outstanding Restricted Stock Units shall vest pro-rata on the date such
award would vest on its terms, in an amount equal to (1) the ratio derived by
dividing the sum of eighteen (18) months plus the number of whole calendar
months from the respective Date of Grant through the Termination Date, by the
total number of months from the Date of Grant through the date such award would
vest on its terms, provided the ratio is no greater than one, multiplied by (2)
the number of Restricted Stock Units that would have vested based upon the
achievement of the performance goals and vesting schedule set forth in the
Notice of Grant, to the same extent such Restricted Stock Units would have
otherwise vested had the Participant remained employed during such period;
provided, however, if such

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Termination of Service occurs in connection with or within the twenty-four (24)
months following a Change in Control, the Restricted Stock Units shall become
vested as of the Termination Date (as defined in the Severance Agreement) (and
such Termination Date shall be a Vesting Date for purposes of this Award) as
follows: (A) if the Termination of Service occurs within the first half of the
applicable performance period, then full acceleration of vesting at target
performance, and (B) if the Termination of Service occurs within the second half
of the applicable performance period, then accelerated vesting based on the
actual level of achievement of the performance goals if measurable, or at target
performance if the performance is not measurable.
Notwithstanding the vesting conditions set forth in the Notice of Grant or
otherwise in this Award, in the event the Participant incurs a Termination of
Service for Retirement (as defined below), the then-outstanding Restricted Stock
Units shall continue to vest on the Vesting Date to the extent such Restricted
Stock Units would have otherwise vested had the Participant remained employed
during such period subject to the achievement of the performance goals and
vesting terms and conditions as set forth in the Notice of Grant; provided,
however, if such Retirement occurs in connection with or within the twenty-four
(24) months following a Change in Control, the Restricted Stock Units shall
become vested as of the date of the Participant’s Termination of Service for
Retirement (and such Retirement shall be a Vesting Date for purposes of this
Award) as follows: (A) if the Termination of Service occurs within the first
half of the applicable performance period, then full acceleration of vesting at
target performance, and (B) if the Termination of Service occurs within the
second half of the applicable performance period, then accelerated vesting based
on the actual level of achievement of the performance goals if measurable, or at
target performance if the performance is not measurable. For purposes of this
Award, the term “Retirement” means the Participant’s Termination of Service
(other than by the Company or due to the Participant’s death or Total and
Permanent Disability) on or after the one year anniversary of the Date of Grant,
provided that the Participant provided the Company with reasonable notice of his
or her intent to retire and at the time of the Participant’s Termination of
Service (i) the Participant is at least age fifty-five (55), and (ii) the
Participant has at least ten (10) full years of continuous employment with the
Company and its Subsidiaries.
Notwithstanding the vesting conditions set forth in the Notice of Grant and this
Section 2, all of the Restricted Stock Units shall vest upon the death of the
Participant, and such date shall be a Vesting Date for purposes of this Award.
Upon the Vesting Date, the Company shall convert each vested Restricted Stock
Unit, in its sole discretion, into either (i) a share of Common Stock for each
vested Restricted Stock Unit, which shall be electronically registered by the
Company in the name of the Participant as promptly as practicable following the
Vesting Date; (ii) a cash payment, having a value equal to the Fair Market Value
of a share of Common Stock for each vested Restricted Stock Unit, paid as
promptly as practicable following the Vesting Date; or (iii) a combination of
(i) and (ii) above.
3.    Termination in Event of Nonemployment. Except as provided in Section 2 of
the Award, in the event that the Participant ceases to be employed by the
Company or any of its Subsidiaries before a Vesting Date for any reason other
than death, the unvested Restricted Stock Units granted pursuant to this Award
shall be forfeited.
4.    Stock Issuance. Except as provided in Section 2 of this Award, any shares
of Common Stock issued upon conversion of Restricted Stock Units shall be
electronically registered in the Participant’s name as of (or as promptly as
practicable after) each Vesting Date. No stock certificate or certificates shall
be issued with respect to such shares of Common Stock, unless, the Participant
requests delivery of the certificate or certificates by submitting a written
request to the General Counsel requesting deliver of the

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certificates. Subject to Section 5 of this Award, the Company shall deliver the
certificates requested by the Participant to the Participant as soon as
administratively practicable following the Company’s receipt of such request.
Upon registration (or issuance) of any shares hereunder, the Participant may be
required to enter into such written representations, warranties and agreements
as the Company may reasonably request in order to comply with applicable
securities laws, the Long-Term Incentive Plan or with the Notice of Grant.
Notwithstanding the foregoing, to the extent (i) the Participant is deemed as of
his or her Termination of Service to be a “specified employee” under Section
409A of the Internal Revenue Code of 1986, as amended (“Section 409A”); and (ii)
on the Termination of Service the Company is publicly traded (as defined in
Section 409A of the Code), then, to the extent required by Section 409A of the
Code, no Restricted Stock Unit shall vest, or be converted into shares of Common
Stock, until the earlier of (x) the first day of the seventh month following the
Participant’s Termination of Service or (y) the date of the Participant’s death
following such Termination of Service. Upon the expiration of the applicable
deferral period, any Restricted Stock Units which would have otherwise been
converted during that period (whether in a single sum or in installments) shall
be converted in accordance with Section 2 above and issued to the Participant or
the Participant’s beneficiary in one lump sum.
5.    Tax Withholding Obligations. The Participant shall be required to deposit
with the Company an amount of cash equal to the amount determined by the Company
to be required with respect to any withholding taxes, FICA contributions, or the
like under any federal, state, or local statute, ordinance, rule, or regulation
in connection with the award or settlement of the Restricted Stock Units.
Alternatively, the Company may, at its sole election, (i) withhold the required
amounts from the Participant’s pay during the pay periods next following the
date on which any such applicable tax liability otherwise arises, or (ii)
withhold a number of shares of Common Stock (or equivalent cash value) otherwise
deliverable having a Fair Market Value sufficient to satisfy the statutory
minimum of all or part of the Participant’s estimated total federal, state, and
local tax obligations associated with vesting or settlement of the Restricted
Stock Units. The Company shall not deliver any of the shares of Common Stock
until and unless the Participant has made the deposit required herein or proper
provision for required withholding has been made.
6.    Assignability. Until the Restricted Stock Units are vested as provided
above, they may not be sold, transferred, pledged, assigned, or otherwise
alienated other than by will or the laws of descent and distribution or pursuant
to a qualified domestic relations order as defined by Code or Title I of the
Employee Retirement Income Security Act of 1974, as amended. Any attempt to do
so contrary to the provisions hereof shall be null and void. No assignment of
the Restricted Stock Units herein granted shall be effective to bind the Company
unless the Company shall have been furnished with written notice thereof and a
copy of such documents and evidence as the Company may deem necessary to
establish the validity of the assignment and the acceptance by the assignee or
assignees of the terms and conditions hereof.
7.    No Stockholder Rights. The Participant shall have no rights as a
stockholder of the Company with respect to the Restricted Stock Units unless and
until shares of Common Stock shall have been issued by the Company to the
Participant. Until such time, the Participant shall not be entitled to dividends
or distributions in respect of any shares or to vote such shares on any matter
submitted to the stockholders of the Company. In addition, except as to
adjustments that may from time to time be made by the Committee in accordance
with the Long-Term Incentive Plan, no adjustment shall be made or required to be
made in respect of dividends (ordinary or extraordinary, whether in cash,
securities or any other property) or distributions paid or made by the Company
or any other rights granted in respect of any shares for which the record date
for such payment, distribution or grant is prior to the date upon which such
shares shall have been issued by the Company.

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8.    Administration. The Committee shall have the power to interpret the
Long-Term Incentive Plan, the Notice of Grant and this Award, and to adopt such
rules for the administration, interpretation, and application of the Long-Term
Incentive Plan as are consistent therewith and to interpret or revoke any such
rules. All actions taken and all interpretations and determinations made by the
Committee shall be final and binding upon the Participant, the Company, and all
other interested persons. No member of the Committee shall be personally liable
for any action, determination, or interpretation made in good faith with respect
to the Long-Term Incentive Plan or this Award.
9.    Restrictions and Related Representations. Upon the acquisition of any
shares of Common Stock pursuant to the vesting of the Restricted Stock Units
granted pursuant hereto, the Participant may be required to enter into such
written representations, warranties and agreements as the Company may reasonably
request in order to comply with applicable securities laws, the Long-Term
Incentive Plan or with this Award. In addition, to the extent a certificate or
certificates are issued representing any shares, the certificate or certificates
will be stamped or otherwise imprinted with a legend in such form as the Company
may require with respect to any applicable restrictions on sale or transfer, and
the stock transfer records of the Company will reflect stop-transfer
instructions, as appropriate, with respect to such shares.
10.    Notices and Electronic Delivery. Unless otherwise provided herein, any
notice or other communication hereunder shall be in writing and shall be given
by registered or certified mail unless the Company, in its sole discretion,
decides to deliver any documents relating to the Award or future awards that may
be granted under the Long-Term Incentive Plan by electronic means or to request
the Participant’s consent to participate in the Long-Term Incentive Plan by
electronic means. The Participant hereby consents to receive such documents by
electronic delivery and, if requested, to agree to participate in the Long-Term
Incentive Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company. All
notices by the Participant hereunder shall be directed to Fossil Group, Inc.,
Attention: Secretary, at the Company’s then current address unless the Company,
in writing or electronically, directs the Participant otherwise. Any notice
given by the Company to the Participant directed to the Participant at his or
her address on file with the Company shall be effective to bind any other person
who shall acquire rights hereunder. The Participant shall be deemed to have
familiarized himself with all matters contained herein and in the Long-Term
Incentive Plan which may affect any of the Participant’s rights or privileges
hereunder.
11.    Scope of Certain Terms. Whenever the term “Participant” is used herein
under circumstances applicable to any other person or persons to whom this Award
may be assigned in accordance with the provisions of Paragraph 6 (Assignability)
of this Agreement, it shall be deemed to include such person or persons. The
term “Long-Term Incentive Plan” as used herein shall be deemed to include the
Long-Term Incentive Plan and any subsequent amendments thereto, together with
any administrative interpretations which have been adopted thereunder by the
Committee pursuant to Section 3.3 of the Long-Term Incentive Plan. Unless
otherwise indicated, defined terms herein shall have the meaning ascribed to
them in the Long-Term Incentive Plan.
12.    General Restrictions. This Award is subject to the requirement that, if
at any time the Committee shall determine that (a) the listing, registration or
qualification of the shares of Common Stock subject or related thereto upon any
securities exchange or under any state or federal law; (b) the consent or
approval of any government regulatory body; or (c) an agreement by the recipient
of an Award with respect to the disposition of shares of Common Stock, is
necessary or desirable (in connection with any requirement or interpretation of
any federal or state securities law, rule or regulation) as a condition of, or
in connection with, the granting of such Award or the issuance, purchase or
delivery of shares of Common Stock thereunder, such Award may not be consummated
in whole or in part unless such listing, registration, qualification,

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consent, approval or agreement shall have been effected or obtained free of any
conditions not acceptable to the Committee.
13.    Adjustments for Changes in Capitalization. The number of Restricted Stock
Units covered by this Award shall be subject to adjustment in accordance with
Articles 12-14 of the Long-Term Incentive Plan.
14.    No Right of Employment. Neither the granting of the Restricted Stock
Units, the conversion of any part hereof, nor any provision of the Long-Term
Incentive Plan or this Award shall constitute or be evidence of any
understanding, express or implied, on the part of the Company or any Subsidiary
to employ the Participant for any specified period.
15.    Amendment. This Award may be amended only by a writing executed by the
Company and the Participant which specifically states that it is amending this
Award. Notwithstanding the foregoing, this Award may be amended solely by the
Committee by a writing which specifically states that it is amending this Award,
so long as a copy of such amendment is delivered to the Participant, and
provided that no such amendment adversely affecting the rights of the
Participant hereunder may be made without the Participant’s written consent.
Without limiting the foregoing, the Committee reserves the right to change, by
written notice to the Participant, the provisions of the Restricted Stock Units
or this Award in any way it may deem necessary or advisable to carry out the
purpose of the grant as a result of any change in Applicable Laws or regulations
or any future law, regulation, ruling, or judicial decision, provided that any
such change shall be applicable only to Restricted Stock Units which are then
subject to restrictions as provided herein.
16.    Precondition of Legality. Notwithstanding anything to the contrary
contained herein, the Participant agrees that the Company will not be obligated
to issue any shares pursuant to this Award, if the issuance of such shares would
constitute a violation by the Participant or by the Company of any provision of
any law or regulation of any governmental authority or any national securities
exchange or transaction quotation system.
17.    Incorporation of the Long-Term Incentive Plan. This Award is subject to
the Long-Term Incentive Plan, a copy of which has been furnished to the
Participant and for which the Participant acknowledges receipt. The terms and
provisions of the Long-Term Incentive Plan are incorporated by reference herein.
In the event of a conflict between any term or provision contained herein and a
term or provision of the Long-Term Incentive Plan, the applicable terms and
provisions of the Long-Term Incentive Plan shall govern and prevail.
18.    Section 409A. This Award is intended to be exempt from or compliant with
the requirements of Section 409A and the parties agree to interpret this Award
at all times in accordance with such intent. Without limiting the generality of
the foregoing, the term “termination of employment” or any similar term under
the Award will be interpreted to mean a “separation from service” within the
meaning of Section 409A to the extent necessary to comply with Section 409A.
Notwithstanding the foregoing, the Company makes no representations, warranties,
or guarantees regarding the tax treatment of this Award under Section 409A or
otherwise, and has advised the Participant to obtain his or her own tax advisor
regarding this Award.
19.    Severability. If one or more of the provisions of this Award shall be
held invalid, illegal or unenforceable in any respect, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby and the invalid, illegal or unenforceable provisions shall
be deemed null and void; however, to the extent permissible by law, any
provisions which could be deemed null and void shall first be construed,
interpreted or revised retroactively to permit this Award to be construed so as
to first the intent of this Award and the Long-Term Incentive Plan.

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20.    Construction. The Restricted Stock Units are being issued pursuant to
Section 6.6 of the Long-Term Incentive Plan and are subject to the terms of the
Long-Term Incentive Plan. A copy of the Long-Term Incentive Plan has been given
to the Participant, and additional copies of the Long-Term Incentive Plan are
available upon request during normal business hours at the principal executive
offices of the Company. To the extent that any provision of this Award violates
or is inconsistent with an express provision of the Long-Term Incentive Plan,
the Long-Term Incentive Plan provision shall govern and any inconsistent
provision in this Award shall be of no force or effect.
21.    Governing Law. The Restricted Stock Unit grant and the provisions of this
Award are governed by, and subject to, the laws of the State of Delaware, as
provided in the Long-Term Incentive Plan.
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