Document:

Non-Qualified Stock Option Award Agreement

 Exhibit 10.2 

DESTINATION MATERNITY CORPORATION 

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT 

Destination Maternity Corporation, a Delaware corporation (the “Company”), hereby grants to Emilia Fabricant (the
“Optionee”) an option to purchase a total of 70,000 shares of Common Stock of the Company, at the price and on the terms set forth herein (the “Option”). 

1. Nature of the Option. 

(a) This Option is intended to be a non-statutory stock option and is not intended to be an Incentive Stock Option within the
meaning of Section 422 of the Code, or to otherwise qualify for any special tax benefits to the Optionee. 
 (b) The
Company maintains the Mothers Work, Inc. 2005 Equity Incentive Plan (the “Plan”), which provides the general terms and restrictions for certain equity incentive awards to the Company’s employees, directors, consultants, and
other individuals who provide services to the Company. This Option is not awarded pursuant to the Plan, but rather is intended to constitute a non-plan based “inducement grant,” as described in Nasdaq Listing Rule 5635(c)(4). Nonetheless,
the terms and provisions of the Plan relating to stock options (including, without limitation, Sections 3(c) and 3(d) of the Plan) are hereby incorporated into this Award Agreement by this reference, as though fully set forth herein, as if the
Option was granted pursuant to the Plan. Unless the context herein otherwise requires, the terms defined in the Plan shall have the same meanings herein. 

2. Date of Grant; Term of Option. This Option was granted on May 24, 2010 (the “Grant Date”) and will
terminate 10 years after the Grant Date or such earlier date as provided in the Plan. 
 3. Option Exercise Price.
The Option exercise price is $26.88 per Share. 
 4. Exercise of Option. 

(a) Vesting Based on Continued Service. The Option will become exercisable with respect to 20% of the total Shares subject hereto
on each of the first, second, third, fourth and fifth anniversaries of the Grant Date, provided in each case that the Optionee remains in continuous service with the Company through the applicable anniversary date. For purposes of this Award
Agreement, service with an Affiliate of the Company will be deemed to constitute service with the Company, for so long as such entity remains an Affiliate of the Company. 

(b) Cessation of Service. Upon any cessation of the Optionee’s service with the Company (whether initiated by the Company,
Optionee or otherwise): (i) any portion of the Option that is not then exercisable will immediately and automatically, without any action on the part of the Company, be forfeited, and (ii) the Optionee will have no further rights with
respect to such forfeited portion of the Option. Any portion of the Option that is exercisable upon cessation of the Optionee’s service with the Company will expire or remain exercisable, as applicable, to the extent provided in Section 7
of the Plan. 

 (c) Method of Exercise. This Option shall be exercisable by written notice which
shall state the election to exercise this Option, the number of Shares in respect to which the Option is being exercised and such other representations of agreements as to the Optionee’s investment intent with respect to such Shares as may be
required by the Company hereunder or pursuant to the provisions of the Plan. Such written notice shall be signed by the Optionee and shall be delivered in person or by certified mail to the Secretary of the Company or such other person as may be
designated by the Company. The written notice shall be accompanied by payment of the purchase price and the amount of any tax withholding arising in connection with the exercise of the Option. Payment of such amounts shall be by check or such other
method of payment authorized by the Board or the Committee. The certificate or certificates for the Shares as to which the Option shall be exercised shall be registered in the name of the Optionee and shall be legended as required under the Plan
and/or applicable law. 
 (d) Restrictions on Exercise. This Option may not be exercised if the issuance of Shares upon
such exercise would constitute a violation of any applicable federal or state securities laws or other laws or regulations. As a condition to the exercise of this Option, the Company may require the Optionee to make a representation and warranty to
the Company or otherwise enter into any stock purchase or other agreement as may be required by any applicable law or regulation or as may otherwise be reasonably requested by the Board or Committee. 

5. Investment Representations. Unless the Shares have been registered under the Securities Act of 1933, in connection with
acquisition of this Option, the Optionee represents and warrants as follows: 
 (a) The Optionee is acquiring this Option, and
upon exercise of this Option, she will be acquiring the Shares subject hereto for investment in her own account, not as nominee or agent, and not with a view to, or for resale in connection with any distribution thereof. 

(b) The Optionee has a preexisting business or personal relationship with the Company or one of its directors, officers or controlling
persons and by reason of her business or financial experience, has, and could be reasonably assumed to have, the capacity to protect her interest in connection with the acquisition of this Option and the Shares subject hereto. 

6. Nontransferability of Option. This Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or
disposed or in any manner either voluntarily or involuntarily by the operation of law, other than by the will or by the laws of descent or distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the
foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 

7. Continuation of Service. This Option shall confer upon any Optionee any right to continue in the service of the Company
or any of its subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice. 

 

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 8. Withholding. The Company may withhold from any consideration payable to
Optionee any taxes required to be withheld by federal, state or local law as a result of the grant or exercise of this Option or the sale or other disposition of the Shares issued upon exercise of this Option. If the amount of any consideration
payable to the Optionee is insufficient to pay such taxes or if no consideration is then payable to the Optionee, upon request of the Company, the Optionee (or such other person entitled to exercise the Option pursuant to Section 7 of the Plan)
shall pay to the Company an amount sufficient for the Company to satisfy any federal, state or local tax withholding requirements applicable as a result of the grant or exercise of this Option or the sale of or other disposition of the Shares issued
upon exercise of this Option. 
 9. The Plan. Although this Option is not granted under the Plan, the terms of the
Plan have been incorporated herein by reference. Accordingly, the Optionee agrees to be bound by all of the terms and conditions of the Plan, as such Plan may be amended from time to time in accordance with the terms thereof. This Option will be
administered by the Board or its designated Committee, who will have the same authority with respect to this Option as described in Section 2 of the Plan. A copy of the Plan in its present form is available for inspection during business hours
by the Optionee or the persons entitled to exercise this Option at the Company’s principal office. All questions regarding the interpretation of the terms of this Option, including all questions regarding the application and interpretation of
Plan provisions incorporated herein, will be determined by the Board or its designated Committee, whose determination will be final, binding and conclusive. 

10. Entire Agreement. This Award Agreement represents the entire agreement between the parties hereto relating to the
subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature. 

11. Governing Law. This Award Agreement will be construed in accordance with the laws of the Commonwealth of Pennsylvania,
without regard to the application of the principles of conflicts of laws. 
 12. Amendment. This Award Agreement
may only be amended by a writing signed by each of the parties hereto. 
 13. Execution. This Award Agreement may
be executed, including execution by facsimile signature, in one or more counterparts, each of which will be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

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 IN WITNESS WHEREOF, this Award Agreement has been executed by the
parties on the 24th day of May, 2010. 

 

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	 /s/ Edward M. Krell

			
		
	Name:	 	 Edward M. Krell

			
		
	Title:	 	 Chief Executive Officer

			
		
	Date:	 	 May 24, 2010

	
	EMILIA FABRICANT
		
	Signature:	 	 /s/ Emilia Fabricant

			
		
	Date:	 	 May 24, 2010

 

 -4-Restricted Stock Award Agreement

 Exhibit 10.3 

RESTRICTED STOCK AWARD AGREEMENT 

UNDER THE 

DESTINATION MATERNITY CORPORATION 

2005 EQUITY INCENTIVE PLAN 

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is made by and between Destination Maternity Corporation, a
Delaware corporation, (the “Company”) and Emilia Fabricant (the “Grantee”). 

WHEREAS, the Company maintains the Mothers Work, Inc. 2005 Equity Incentive Plan (the “Plan”) for the benefit of its
employees, directors, consultants, and other individuals who provide services to the Company; and 
 WHEREAS, the Plan permits
the grant of Restricted Stock; and 
 WHEREAS, to compensate the Grantee for his or her service to the Company and to further
align the Grantee’s financial interests with those of the Company’s other stockholders, the Board approved this Award of Restricted Stock on May 24, 2010 (the “Effective Date”), subject to the restrictions and on the
terms and conditions contained in the Plan and this Agreement. 
 NOW, THEREFORE, in consideration of these premises and the
agreements set forth herein, the parties, intending to be legally bound hereby, agree as follows: 
 1. Award of
Restricted Shares. The Company hereby awards the Grantee 7,500 Shares of Restricted Stock, subject to the restrictions and on the terms and conditions set forth in this Agreement (the “Restricted Shares”). The
terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein. Except as otherwise provided herein, capitalized terms herein will have the same meaning as defined in the Plan. 

2. Vesting of Restricted Shares. The Restricted Shares are subject to forfeiture to the Company until they become
nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of
law. 
 (a) Vesting Based on Continued Service. 20% of the Restricted Shares will become nonforfeitable on each of the
first, second, third, fourth and fifth anniversaries of the Effective Date, provided in each case that the Grantee remains continuously employed or engaged by the Company through the applicable anniversary. 

(b) Unvested Shares Forfeited Upon Cessation of Service. Upon any cessation of the Grantee’s service with the Company
(whether initiated by the Company, Grantee or otherwise): (i) any Restricted Shares that are not then nonforfeitable will immediately and automatically, without any action on the part of the Company, be forfeited, and (ii) the Grantee will
have no further rights with respect to those shares. 

 3. Issuance of Shares. 

(a) The Company will cause the Restricted Shares to be issued in the Grantee’s name either by book-entry registration or issuance of
a stock certificate or certificates. 
 (b) While the Restricted Shares remain forfeitable, the Company will cause an
appropriate stop-transfer order to be issued and to remain in effect with respect to the Restricted Shares. As soon as practicable following the time that any Restricted Share becomes nonforfeitable (and provided that appropriate arrangements have
been made with the Company for the withholding or payment of any taxes that may be due with respect to such Share), the Company will cause that stop-transfer order to be removed. The Company may also condition delivery of certificates for Restricted
Shares upon receipt from the Grantee of any undertakings that it may determine are appropriate to facilitate compliance with federal and state securities laws. 

(c) If any certificate is issued in respect of Restricted Shares, that certificate will be legended as described in Section 8(b) of
the Plan and held in escrow by the Company’s secretary or his or her designee. In addition, the Grantee may be required to execute and deliver to the Company a stock power with respect to those Restricted Shares. At such time as those
Restricted Shares become nonforfeitable, the Company will cause a new certificate to be issued without that portion of the legend referencing the previously applicable forfeiture conditions and will cause that new certificate to be delivered to the
Grantee (again, provided that appropriate arrangements have been made with the Company for the withholding or payment of any taxes that may be due with respect to such Shares). 

4. Substitute Property. If, while any of the Restricted Shares remain subject to forfeiture, there occurs a merger,
reclassification, recapitalization, stock split, stock dividend or other similar event or transaction resulting in new, substituted or additional securities being issued or delivered to the Grantee by reason of the Grantee’s ownership of the
Restricted Shares, such securities will constitute “Restricted Shares” for all purposes of this Agreement and any certificate issued to evidence such securities will immediately be deposited with the secretary of the Company (or his
or her designee) and subject to the escrow described in Section 3(c), above. 
 5. Rights of Grantee During
Restricted Period. The Grantee will have the right to vote the Restricted Shares and to receive dividends and distributions with respect to the Restricted Shares; provided, however, that any cash dividends or distributions paid in
respect of the Restricted Shares while those Shares remain subject to forfeiture will be delivered to the Grantee only if and when the Restricted Shares giving rise to such dividends or distributions become nonforfeitable. 

6. Securities Laws. The Board may from time to time impose any conditions on the Restricted Shares as it deems
necessary or advisable to ensure that the Restricted Shares are issued and resold in compliance with the Securities Act of 1933, as amended. 

7. Tax Consequences. The Grantee acknowledges that the Company has not advised the Grantee regarding the
Grantee’s income tax liability in connection with the grant of or the lapse of forfeiture restrictions on the Restricted Shares. The Grantee has had the opportunity to review with his or her own tax advisors the federal, state and local tax

  

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consequences of the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents.
The Grantee understands that the Grantee (and not the Company) shall be responsible for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. 

8. The Plan. This Award of Restricted Shares is subject to, and the Grantee agrees to be bound by, all of the terms
and conditions of the Plan, as such Plan may be amended from time to time in accordance with the terms thereof. Pursuant to the Plan, the Board is authorized to adopt rules and regulations not inconsistent with the Plan as it shall deem appropriate
and proper. A copy of the Plan in its present form is available for inspection during business hours by the Grantee at the Company’s principal office. All questions of the interpretation and application of the Plan and the Grantee shall be
determined by the Board and any such determination shall be final, binding and conclusive. 
 9. Entire
Agreement. This Agreement, together with the Plan, represents the entire agreement between the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and
understandings of every nature. 
 10. Tax Withholding. The Company hereby agrees that, at the election of
the Grantee and except as would otherwise violate the terms of any financing agreement to which the Company is then a party, the minimum required tax withholding obligations arising in connection with this Award may be settled in nonforfeitable
Shares subject to this Award based on the Fair Market Value of those Shares. 
 11. Governing Law. This
Agreement will be construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws. 

12. Amendment. Subject to the provisions of the Plan, this Agreement may only be amended by a writing signed by each
of the parties hereto. 
 13. Execution. This Agreement may be executed, including execution by facsimile
signature, in one or more counterparts, each of which will be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

[This space left blank intentionally; signature page follows.] 

 

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 IN WITNESS WHEREOF, the Company’s duly authorized representative and the Grantee have
each executed this Restricted Stock Award Agreement on the respective date below indicated. 
  

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	 /s/ Edward M. Krell

		
	Name:	 	 Edward M. Krell

		
	Title:	 	 Chief Executive Officer

		
	Date:	 	 May 24, 2010

	
	GRANTEE
		
	Signature:	 	 /s/ Emilia Fabricant

		
	Date:	 	 May 24, 2010

 

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