EX-10.21





 Exhibit 10.21 

CLAIRE’S INC. 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(For Non-Employee Directors) 

This Restricted Stock Unit Award Agreement (this “Agreement”) is entered into by and between Claire’s Inc. (the
“Company”) and the participant whose name appears below (the “Participant”) in order to set forth the terms and conditions of Restricted Stock Units (the “RSUs”) granted to the Participant under the
Claire’s Inc. 2022 Long-Term Incentive Plan (the “Plan”). 
 Participant’s Name: 

 

							
	Award Type	  	Date of Grant	  	Number of RSUs	  	Vesting Schedule
	  
	  	  
	  	  
	  	  

	RSUs	  	[•]	  	[•]	  	[•]

 Subject to the attached Terms and Conditions and the terms of the Plan, which are incorporated herein by reference, the
Company hereby grants to the Participant, effective as of the Date of Grant, the number of RSUs, with the Vesting Schedule as set forth above. Capitalized terms used but not otherwise defined herein or in the attached Terms and Conditions shall have
the meanings ascribed to such terms in the Plan. 
 IN WITNESS WHEREOF, the Company has duly executed and delivered this Agreement as of the Date of Grant.

  

									
	 CLAIRE’S INC.
	 		 	 PARTICIPANT

					
	 By:
	 	 	 		 		 	 
		 	 Name: [•]
	 		 		 	 Name: [•]

		 	 Title: [•]
	 		 		 	

 PLEASE RETURN ONE SIGNED COPY OF THIS AGREEMENT TO: 

Claire’s Inc. 
 2400 West
Central Road 
 Hoffman Estates, IL 60192 

Attn: [•] 












 CLAIRE’S INC. 

CLAIRE’S INC. 2022 LONG-TERM INCENTIVE PLAN 

Terms and Conditions of RSU Grant 
  

	1.	 GRANT OF RSUs. The RSUs have been granted to the Participant as an incentive for the Participant to
continue to provide services to the Company and its Subsidiaries and to align the Participant’s interests with those of the Company. Each RSU corresponds to one Common Share. Each RSU constitutes a contingent and unsecured promise by the
Company to deliver one Common Share on the settlement date, as set forth in Section 3. 


  

	2.	 VESTING; FORFEITURE. The RSUs shall vest in accordance with the Vesting Schedule, subject to the
Participant not having a Separation from Service prior to the applicable vesting date. All unvested RSUs shall be immediately forfeited upon the Participant’s Separation from Service for any reason. 



 

	3.	 SETTLEMENT. Except as otherwise set forth in the Plan, the RSUs will be settled in Common Shares, and
the Participant shall receive the number of Common Shares that corresponds to the number of RSUs that have become vested as of the vesting date, which Common Shares shall be delivered on the date that is no later than forty-five (45) days
following the vesting date, as determined in the Committee’s sole discretion. 


  

	4.	 DIVIDEND EQUIVALENT PAYMENTS. Until the RSUs settle in Common Shares, if the Company pays a dividend on
Common Shares, the Participant will be entitled to a payment in the same amount as the dividend the Participant would have received if he or she held Common Shares in respect of his or her vested and unvested RSUs held but not previously forfeited
immediately prior to the record date of the dividend (a “Dividend Equivalent”). No such Dividend Equivalents will be paid to the Participant with respect to any RSU that is thereafter cancelled or forfeited prior to the applicable
vesting date. The Committee will determine the form of payment in its sole discretion and may pay Dividend Equivalents in Common Shares, cash or a combination thereof. The Company will pay the Dividend Equivalents within forty-five (45) days of
the vesting date of the RSUs to which such Dividend Equivalents relate. 


  

	5.	 NONTRANSFERABILITY. No portion of the RSUs may be sold, assigned, transferred, encumbered, hypothecated,
or pledged by the Participant, other than to the Company as a result of forfeiture of the RSUs as provided herein, unless and until payment is made in respect of vested RSUs in accordance with the provisions hereof and the Participant has become the
holder of record of the vested Common Shares issuable hereunder, unless otherwise provided by the Committee. 


  

	6.	 TAXES. The Participant shall be solely responsible for any applicable taxes (including, without
limitation, income and excise taxes) and penalties, and any interest that accrues thereon, that the Participant incurs in connection with the receipt, vesting or settlement of any RSUs granted hereunder. 



  
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	7.	 RIGHTS AS STOCKHOLDER. The Participant will not have any rights, including voting rights, as a
stockholder in the Common Shares corresponding to the RSUs prior to settlement of the RSUs. 


  

	8.	 SECURITIES LAW COMPLIANCE. The Company may, if it determines it is appropriate, affix any legend to the
stock certificates representing Common Shares issued upon settlement of the RSUs and any stock certificates that may subsequently be issued in substitution for the original certificates. The Company may advise the transfer agent to place a stop
order against such Common Shares if it determines that such an order is necessary or advisable. 


  

	9.	 COMPLIANCE WITH LAW. Any sale, assignment, transfer, pledge, mortgage, encumbrance or other disposition
of Common Shares issued upon settlement of the RSUs (whether directly or indirectly, whether or not for value and whether or not voluntary) must be made in compliance with any applicable constitution, rule, regulation or policy of any of the
exchanges, associations or other institutions with which the Company has membership or other privileges, and any applicable law, or applicable rule or regulation of any governmental agency, self-regulatory organization or state or federal regulatory
body. 


  

	10.	 MISCELLANEOUS. 



 

	 	(a)	 No Right To Continued Service. This Agreement shall not confer upon the Participant any right to
continue in the service of the Company or a Subsidiary or to be entitled to any remuneration or benefits not set forth in this Agreement or the Plan nor interfere with or limit the right of the Company or a Subsidiary to modify the terms of or
terminate the Participant’s service at any time to the extent permitted under applicable law and subject to the Participant’s service agreement, if any. 



 

	 	(b)	 No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the
Company making any recommendations regarding the Participant’s participation in the Plan or acquisition or sale of the underlying Common Shares. The Participant is hereby advised to consult with his or her own personal tax, legal and financial
advisors regarding his or her participation in the Plan before taking any action related to the Plan or the RSUs. 


  

	 	(c)	 Cancellation/Clawback. The Participant hereby acknowledges and agrees that the Participant and the RSUs
are subject to the terms and conditions of Section 19(o) of the Plan (regarding reduction, cancellation, forfeiture or recoupment of Awards upon the occurrence of certain specified events). 



 

	 	(d)	 Plan to Govern. This Agreement and the rights of the Participant hereunder are subject to all of the
terms and conditions of the Plan as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for the administration of the Plan. 



 

	 	(e)	 Amendment. Subject to the restrictions set forth in the Plan, the Company may from time to time suspend,
modify or amend this Agreement or the Plan. Subject to the Company’s rights pursuant to Sections 5(b), 16 and 21 of the Plan, no amendment of the Plan or this Agreement may, without the consent of the Participant, adversely affect the rights of
the Participant in a material manner with respect to the RSUs granted pursuant to this Agreement. 



  
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	 	(f)	 Severability. In the event that any provision of this Agreement shall he held illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining provisions of this Agreement, and this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 



 

	 	(g)	 Entire Agreement. This Agreement and the Plan contain all of the understandings between the Company and
the Participant concerning the RSUs granted hereunder and supersede all prior agreements and understandings. 


  

	 	(h)	 Successors. This Agreement shall be binding upon and inure to the benefit of any successor or successors
of the Company and any person or persons who shall, upon the Participant’s death, acquire any rights hereunder in accordance with this Agreement or the Plan. 



 

	 	(i)	 Governing Law. To the extent not preempted by federal law, this Agreement shall be construed in
accordance with and governed by the laws of the State of Delaware, without regard to any conflicts or choice of law, rule or principle that might otherwise refer the interpretation of the award to the substantive law of another jurisdiction.



  

	 	(j)	 [Compliance with Section 409A of the Internal Revenue Code. The RSUs are
intended to comply with Section 409A of the Code (“Section 409A”) to the extent subject thereto, and shall be interpreted in accordance with Section 409A and treasury regulations and other interpretive
guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Date of Grant. The Company reserves the right to modify the terms of this Agreement, including, without limitation, the
payment provisions applicable to the RSUs, to the extent necessary or advisable to comply with Section 409A and reserves the right to make any changes to the RSUs so that the RSUs do not become deferred compensation under Section 409A.



 For purposes of this Agreement, each amount to be paid or benefit to be provided shall be construed as a separate
identified payment for purposes of Section 409A. 
 Notwithstanding any provision in the Plan or this Agreement to the contrary, if the
Participant is a “specified employee” and a payment subject to Section 409A (and not excepted therefrom) to the Participant is due upon Separation from Service, such payment shall be delayed for a period of six (6) months after
the date the Participant Separates from Service (or, if earlier, the death of the Participant). Any payment that would otherwise have been due or owing during such six-month period will be paid immediately
following the end of the six-month period unless another compliant date is specified in the applicable agreement. If the RSUs include a “series of installment payments” (within the meaning of Treas.
Reg. § 1.409A-2(b)(2)(iii)), the Participant’s right to such series of installment payments shall be 

  
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treated as a right to a series of separate payments and not as a right to a single payment, and if the RSUs include “dividend equivalents” (within the meaning of Treas. Reg. § 1.409A-3(e)), the Participant’s right to such dividend equivalents shall be treated separately from the right to other amounts under the RSUs. 

Notwithstanding any provision of the Plan or this Agreement to the contrary, in no event shall the Company or an Affiliate be liable to the
Participant on account of failure of the RSUs to (i) qualify for favorable U.S. or foreign tax treatment or (ii) avoid adverse tax treatment under U.S. or foreign law, including, without limitation, under Section 409A.]1 
  

	1 	 Note to Draft: For non-US awardees, replace with applicable local law
provisions. 



  
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