Document:

Exhibit 10.2

 Exhibit 10.2 
 [Company Letter Head] 
 May 4, 2011 
 Patrick Christmas 
 One Corporate Woods Drive 

Bridgeton, MO 63044 
 Dear Patrick: 

Congratulations! We are excited to have you join KV Pharmaceutical Company, and look forward to your arrival on or before 06/1/2011. This letter provides
you with details of your position and benefits, as well as instructions for beginning your new position at KV. 
  

	 	1.	Title: Vice President, General Counsel 

  

	 	2.	A bi-weekly salary of $11,538.46 which amounts to $300,000.00, annually. 

  

	 	3.	Participation in a Performance Bonus with a target of 40% of your annual salary with terms to be developed at a later date. 

 

	 	4.	Stock Options: Pending Board of Director approval, 40,000 Shares of KV Common Stock in accordance with the terms of the Employee Stock Option Plan.

  

	 	5.	In accordance with the Company’s vacation policy, for calendar year 2011 you will be eligible for 20 days of vacation, pro-rated based upon date of
hire. In the calendar year after hire you will be eligible for 20 days of vacation. 

  

	 	6.	Participation in company Fleet Program. 

  

	 	7.	Executive relocation package to be provided per Company Relocation Policy. 

 

	 	8.	Participation in KV’s medical, dental, disability, and life insurance plans in accordance with the terms of those Plans. 

 

	 	9.	Participation in KV’s Profit Sharing Plan and 401(k) Plan in accordance with the terms of those Plans. 

 

	 	10.	In the event that employment is terminated by the Company without Cause the Company shall pay an amount equal to one (1) times the sum of the then current Base
Salary payable over a period of twelve (12) months in equal bi-weekly installments, less deductions as required by law. The company will also provide continued participation in the Company’s plans providing medical, dental, and vision
insurance benefits, as applicable for the twelve (12) month period following the Termination Date. 

Definition of “Cause” . “ Cause ” shall mean, during the Term, the occurrence of any of the
following: 
 (1) commission of a criminal act in respect of the Executive’s employment or conviction of, or plea of guilty
or no contest to, a felony; 

 Patrick Christmas 
 Page 2 
  

 (2) willful misconduct, significant dishonesty, gross negligence or breach of fiduciary
duty in respect of the Executive’s employment; 
 (3) continuing neglect or failure of the Executive to perform the
duties reasonably assigned to the Executive by the Company and after notice from the Company of such neglect or failure, the Executive’s failure to cure such neglect or failure within thirty (30) days of such notice, provided that the
Executive shall be provided only one thirty (30) day cure period for the same neglect or failure. 
 A sample of our standard Employment
and Confidential Information Agreement is enclosed for you to read prior to your start date. Your employment is contingent upon the successful completion of a Company-paid drug screen and background verification which you authorized by signing the
“Disclosure to Applicant and Consent to Request Consumer Report Information” form. If you have not yet received information to schedule your physical exam, please contact Traci Shatzer immediately at (314) 645-6600, so that this can
be arranged. 
 During your orientation as a new employee you will be required to sign your Employment and Confidential Information Agreement
and complete various forms, including the federal government I-9 Form. Presentation of appropriate identification documents is required in order for you to begin employment. Please refer to the enclosed list of official documents which are
acceptable by the government as evidence of your identity and eligibility to work in the United States, and bring them with you on your start date. 
 If you have any questions on the enclosures please feel free to give me a call at: 314-645-6600. We look forward to working with you! 
 Sincerely, 
 /s/ Traci Shatzer 
 Traci Shatzer 
 Manager, Human Resources 
 Enclosures2008 Plan-Form of Performance/Restricted Stock Unit Agreement

 Exhibit 10.2 
 URBAN OUTFITTERS 
 2008 STOCK INCENTIVE PLAN 

[PERFORMANCE] [RESTRICTED] STOCK UNIT AGREEMENT 
 This [Performance] [Restricted] Stock Unit Agreement (the “Agreement”) is dated as of
                     (the “Grant Date”) between Urban Outfitters, Inc., a Pennsylvania corporation (the “Company”), and
                                         (the
“Grantee”). Capitalized terms not defined herein shall have the meaning given such terms in the Urban Outfitters 2008 Stock Incentive Plan, as amended from time to time (the “Plan”), a copy of which has been provided to the
Grantee. 
 WITNESSETH 
 WHEREAS, the Company wishes to award to the Grantee performance-based restricted stock units ([“PSUs”] [“RSUs”]), as hereinafter provided; 

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the legal
sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereunder, agree as follows: 

1. Grant. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to the Grantee an award of
                     [PSUs] [RSUs]. Such number of [PSUs] [RSUs] shall be subject to adjustment as provided in Section 12 of the Plan. Each
[PSU] [RSU] covered by this Agreement represents the right to receive one share of Common Stock on the applicable Registration Date (as defined in Paragraph 8), subject to the vesting requirements set forth in Paragraph 2, and the limit set forth in
Paragraph 4. The Grantee shall be bound by all of the terms, provisions, conditions and limitations of the Plan (which are incorporated herein by reference) and this Agreement. To the extent any conflict may exist between any term or provision of
this Agreement and any term or provision of the Plan, the term or provision of the Plan shall control. 
 2. Vesting.

 [CLIFF ALTERNATIVE: 

Subject to the limit set forth in Paragraph 4, the Grantee shall vest in all [PSUs] [RSUs] covered by this Agreement on
                     (the “Scheduled Vesting Date”*) if (a) the Grantee’s Termination of Service does not occur on or before the
Scheduled Vesting Date and (b) the average closing price of one share of Common Stock for each trading day during the [    -month] period immediately preceding the Scheduled Vesting Date as reported by the principal exchange
on which Common Stock is traded, is [at least a dollar amount] [[equal to] [in excess of] the Fair Market Value of a share of Common Stock on the Grant Date] (such amount to be adjusted in accordance with Section 12 of the Plan as if it were an
option price). 
  

	*	If the Scheduled Vesting Date stated above is not a trading day for the principal exchange on which Common Stock is traded, the Scheduled Vesting Date shall be the
trading day immediately following the date stated above.] 

 [INSTALLMENT ALTERNATIVE: 
 Subject to the limit set forth in Paragraph 4, the Grantee shall vest in [PSUs] [RSUs] covered by this Agreement as follows: 

 

											
	 Tranche
	  	 Number of [PSUs] [RSUs] Vesting
	  	 Scheduled
Vesting
Date*
	  	 Conditions Required for
Vesting

	 [No.]
	  	[    ]% of the number stated in Paragraph 1, [plus [PSUs] [RSUs] credited under Paragraph 3 (dividend equivalent rights) associated with such %]	  	[Date]	  	 1. Termination of Service does not occur on or before the applicable Vesting Date; and

 
 2.

						
		  		  		  		  	a.	  	[The Fair Market Value of a share of Common Stock on the Scheduled Vesting Date (or at any later date within [    ] calendar days immediately following the
Scheduled Vesting Date) is [at or above a dollar amount] [[equal to] [a dollar amount in excess of] the Fair Market Value of a share of Common Stock on the Grant Date]]***; or
						
		  		  		  		  	b.	  	[Average Closing Price** is [at least a dollar amount] [[equal to] [a dollar amount in excess of] the Fair Market Value of a share of Common Stock on the Grant
Date]]***

  

	*	If the Scheduled Vesting Date stated above is not a trading day for the principal exchange on which Common Stock is traded, the Scheduled Vesting Date shall be the
trading day immediately following the date stated above. 

	**	“Average Closing Price” shall mean the average closing price of one share of Common Stock for each trading day during the     -month
period immediately preceding the applicable Scheduled Vesting Date, as reported by the principal exchange on which Common Stock is traded. 

	***	Such amount or Average Closing Price to be adjusted in accordance with Section 12 of the Plan as if it were an option price.] 

The Grantee [shall] [shall not] vest in the [PSUs] [RSUs] subject to this Agreement upon a Change in Control. 

3. Dividend Equivalent Rights. On each date that the Company pays an ordinary cash dividend to holders of Common Stock after the
Grant Date and prior to a Registration Date (defined in Paragraph 8), the applicable number of [PSUs] [RSUs] shall be increased by an amount equal to (i) the applicable number of [PSUs] [RSUs] on the dividend record date, multiplied by
(ii) the dollar amount of the per share cash dividend, and divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date. [PSUs] [RSUs] credited pursuant to this Paragraph 3 shall be subject to the same
terms and conditions (including vesting, forfeiture and Registration Date) as the [PSUs] [RSUs] to which such dividend equivalent rights relate. 
 4. Limit on Common Stock Registered. [In no event shall the number of shares of Common Stock registered under Paragraph 8 upon vesting of [PSUs] [RSUs] on the applicable Vesting Date exceed
(A) divided by (B), where (A) is the number of [PSUs] [RSUs] vesting on such applicable Vesting Date (determined without regard to this Paragraph 4) times the Fair Market Value of a share of Common Stock on the Grant Date (such Fair
Market Value to be adjusted in accordance with Section 12 of the Plan as if it were an option price) times [            ], and (B) is the Fair Market Value of a share of
Common Stock on the day before the applicable Vesting Date.] [Upon vesting, the Grantee shall be entitled to receive a value equal to the Fair Market Value of a share of Common Stock on the applicable Vesting Date up to a maximum of
$             per share of Common Stock times the number of [PSUs] [RSUs] that have vested as of the applicable Vesting Date.] 

  
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 5. Restrictions and Forfeiture. The Grantee may not sell, assign, transfer, pledge or
otherwise encumber or dispose of the [PSUs] [RSUs] covered by this Agreement, and any attempt to do so shall be void. The [PSUs] [RSUs] covered by this Agreement shall be forfeited as follows: 

(a) [PSUs] [RSUs] shall be forfeited on the Vesting Date applicable to such [PSUs] [RSUs] if the conditions required for vesting of such
[PSUs] [RSUs] are not met as of such applicable Vesting Date; 
 (b) On the date of Grantee’s Termination of Service (for
any reason) if such Termination occurs on or before the applicable Vesting Date. 
 (c) Any [PSUs] [RSUs] that would have
otherwise become vested under Paragraph 2 on an applicable Vesting Date but which exceed the limit set forth in Paragraph 4 with respect to such applicable Vesting Date shall be forfeited as of such applicable Vesting Date. 

6. Rights as Shareholder. The Grantee shall have no rights as a shareholder with respect to [PSUs] [RSUs] covered by this
Agreement unless and until shares of Common Stock are registered pursuant to Paragraph 8. 
 7. Withholding of Taxes. The
obligation to register shares of Common Stock on the Registration Date shall be subject to the Grantee satisfying applicable federal, state and local tax withholding requirements. The Grantee, subject to such withholding rules as shall be adopted by
the Committee, may elect to have Common Stock otherwise deliverable under this Agreement withheld to satisfy the minimum federal, state and local tax withholding requirements. 
 8. Registration of Shares. [For each [PSU] [RSU] that becomes vested under Paragraph 2 on the applicable Vesting Date, one share of Common Stock shall be registered in the Grantee’s name. Such
registration shall be made on a date in the same calendar year as such applicable Vesting Date (the “Registration Date”), as soon as reasonably practicable following such applicable Vesting Date. Any fractional [PSU] [RSU] becoming vested
under Paragraph 2 shall be payable in cash on the applicable Registration Date.] [Subject to the maximum limitation described in Paragraph 2, the [PSUs] [RSUs] covered by this Agreement shall be settled in cash or in shares of Common Stock as soon
as reasonably practicable following the applicable Vesting Date, and in each case not later than the later of the last day of the calendar year in which such applicable Vesting Date occurs, or the 15th day of the third calendar month following such
applicable Vesting Date. To the extent that the [PSUs] [RSUs] under this Agreement are settled in shares of Common Stock, the Registration Date of such shares shall occur on or before the time limits described in the preceding sentence. In no event
shall the Grantee be permitted, directly or indirectly, to designate the Registration Date.] 
 9. Employment of Grantee.
Nothing in this Agreement shall be construed as constituting an agreement or understanding of any kind or nature that the Company or a Related Corporation shall continue to employ the Grantee, nor shall this Agreement affect in any way the right of
the Company or a Related Corporation to terminate the employment of the Grantee at any time. 
 10. [Clawback or Recoupment
Policy. This [PSU] [RSU], Common Stock delivered pursuant to this [PSU] [RSU], and any gains or profits on the sale of such Common Stock shall be subject to any “clawback” or recoupment policy adopted by the Company.] 

11. No Section 83(b) Election. The Grantee may not make an election under section 83(b) of the Internal Revenue Code of 1986,
as amended, with respect to [PSUs] [RSUs]. 

  
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 12. Governing Law. This Agreement shall be governed by Pennsylvania law (without
reference to principles of conflicts of laws), to the extent not governed by Federal law. 
 IN WITNESS WHEREOF, the Company has
caused this Agreement to be duly executed by a duly authorized officer, and the Grantee has hereunto set his hand. 
  

							
	GRANTEE	 		 	URBAN OUTFITTERS, INC.
				
	  
	 		 	By:	 	  

	Grantee’s Signature	 		 		 	
			
	  
	 		 	  

	Date	 		 	Date

  
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