Exhibit 10.2

Notice of Grant of Award
and Award Agreement
Shoe Carnival, Inc.
ID: 35-1736614
7500 E. Columbia Street
Evansville, IN 47715

[Name]
[Address]
 
Award Number:
Plan:  2000 Stock Option and Incentive Plan, as amended (the “2000 Plan”)
ID:
   

Effective [Grant Date] (the “Grant Date”), you have been granted a restricted
stock award of [Number of Shares] shares (the “Shares”) of Shoe Carnival, Inc.
(the “Company”) common stock. The value of the award on the date of grant
is $[            ].
 
The Shares are subject to the performance-based and time-based restrictions and
conditions set forth herein during the period from the Grant Date until such
Shares become vested and nonforfeitable (the “Restricted Period”).  While the
Shares will be registered in your name and you will have the right to vote the
Shares, they will be held by the Company until the Restricted Period has
expired. Any dividends declared during the Restricted Period will be deferred
and paid upon vesting. The Shares may not be sold, assigned, transferred,
pledged, or otherwise encumbered until the Restricted Period has expired.
 
Except as otherwise set forth herein or in the 2000 Plan, if the performance
target with respect to such Shares, as set forth below, is met in [any
of][insert description of performance period(s)] (the “Performance Period[s]”),
then such Shares shall become vested and nonforfeitable, meaning that the
Restricted Period shall expire with respect to such Shares, on
[                         ] (the “Vesting Date”). If the performance target with
respect to such Shares is not met in [any of] the Performance Period[s], such
Shares and any deferred dividends on such Shares will be forfeited and returned
to the Company on the Vesting Date.
 
Shares
[             ]
Performance Target
[                      ]

 
If you cease to maintain Continuous Service (as defined in the 2000 Plan) by
reason of death or total or partial disability prior to the Vesting Date, the
Restricted Period with respect to the Ratable Portion of the Shares, as
determined in accordance with the 2000 Plan, shall expire and the Ratable
Portion of the Shares shall vest and shall not be forfeited. If you cease to
maintain Continuous Service by reason of retirement on or after age 60, or at an
earlier age with a minimum of 20 years of service with the Company, prior to the
Vesting Date, (a) any Shares for which the performance target has been met prior
to the date of your retirement shall become fully vested along with any deferred
dividends, and the Restricted Period on such Shares shall expire on the date of
your retirement; provided, however, that the amount of such Shares distributed
to you shall be discounted to reasonably reflect the time value of money in
connection with such early vesting; and (b) any Shares for which the performance
target has not been met prior to the date of your retirement will automatically
be forfeited and returned to the Company along with any deferred dividends on
such Shares.  If you cease to maintain Continuous Service prior to the Vesting
Date for any other reason, all Shares (whether or not the performance target has
been met), and any deferred dividends on all Shares will automatically be
forfeited and returned to the Company. In the event of a Change in Control, all
Shares (whether or not the performance target has been met) shall become fully
vested along with any deferred dividends, and the Restricted Period on all
Shares shall expire.
 
 
 

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

 

By your signature and the Company’s signature below, you and the Company agree
that this award is granted under and governed by the terms and conditions of the
2000 Plan and the Award Agreement, all of which are attached and made a part of
this document.
 

 

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

Shoe Carnival, Inc.
 
 

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

[Name of Award Recipient]
 
 

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

Date
 
 

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

Date

 

 

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