Document:

Non-Employee Director Restricted Stock Plan

 Exhibit 10.2.2 
 CONN’S, INC. 
 NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN

  

	1.	 Purpose of Plan. 

 The purpose of the Conn’s, Inc. Non-Employee Director Restricted Stock Plan (the “Plan”) is to aid in the attracting and retaining of persons of outstanding competence to serve on the Board
of Directors of Conn’s, Inc. (the “Company”) who are not employed by the Company. This Plan is intended to enable such persons to acquire or increase ownership interests in the Company on a basis that will encourage them to use their
best efforts to contribute to the Company’s achievement of its objectives. Consistent with these objectives, the Plan provides for the award of shares of Restricted Stock and Restricted Stock Units to Non-Employee Directors on the terms and
subject to the conditions set forth below. 
  

	2.	 Definitions. 

 The following terms will have the meanings set forth below, unless the context clearly otherwise requires: 
 2.1. “Annual Grant” has the meaning set forth in Section 5.2. 
 2.2. “Award” means an award of shares of Restricted Stock or RSUs to a Non-Employee Director. 
 2.3. “Board” means the Company’s board of directors. 
 2.4. “Change in Control” means an event described in Section 8.2 of the Plan. 
 2.5. “Code” means the Internal Revenue Code of 1986, as amended. 
 2.6. “Committee” means the group of individuals administering the Plan, as provided in Section 3 of the Plan. 

2.7. “Common Stock” means the common stock of the Company, par value $0.01 per share. The number and kind
of shares of stock or other securities into which such Common Stock may be changed in accordance with Section 4.3 of the Plan. 
 2.8. “Disability” means the permanent and total disability of the Participant within the meaning of Section 22(e)(3) of the Code. 

2.9. “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

2.10. “Fair Market Value” means, with respect to the Common Stock, as of any date: (i) the closing
sale price of the Common Stock at the end of the regular trading session if the Common Stock is listed, admitted to unlisted trading privileges, or reported on the primary national securities exchange (including The NASDAQ Global Select Market and
NASDAQ Global Market) on which the Common Stock is traded on such date (or, if no shares were traded on such day, as of the next preceding day on which there was such a trade); or (ii) if the Common Stock is not so listed, admitted to unlisted
trading privileges, or reported on any national securities exchange, the closing bid price as of such date at the end of the regular trading session, as reported by The NASDAQ Capital Market, OTC Bulletin Board,

  
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Pink Sheets LLC, or other comparable service; or (iii) if the Common Stock is not so listed or reported, such price as the Committee determines in good faith in the exercise of its
reasonable discretion. 
 2.11. “Non-Employee Director” means a member of the Board who, as of
the date of grant of an Award, is not an officer or employee of the Company or any Subsidiary. 
 2.12.
“Participant” means a Non-Employee Director who receives one or more Awards under the Plan. 

2.13. “Performance Criteria” means the performance criteria that may be used by the Committee in granting
Awards where vesting of the Award is contingent upon achievement of such performance goals as the Committee may determine in its sole discretion. The Committee may select one criterion or multiple criteria for measuring performance, and the
measurement may be based upon Company, segment, Subsidiary, division, business unit or subunit or asset group performance, either absolute or by relative comparison to other companies, or any other external measure of the selected criteria.

 (a) The Committee may determine that any Award granted pursuant to the Plan to a Participant will be
conditioned on any of the following performance goals: 
 (i) Net income measures (including but not limited to
earnings, net earnings, operating earnings, earnings before taxes, EBIT (earnings before interest and taxes), EBITA (earnings before interest, taxes, and amortization) EBITDA (earnings before interest, taxes, depreciation, and amortization), EBITDAR
(earnings before interest, taxes, depreciation, amortization and rent) and earnings per share); 
 (ii) Stock
price measures (including but not limited to growth measures and total stockholder return (stock price plus reinvested dividends) relative to a defined comparison group or target and price-earnings multiples); 

(iii) Cash flow measures (including but not limited to net cash flow, net cash flow before financing activities, economic
value added (or equivalent metric), debt reduction, debt to equity ratio, or establishment or material modification of a credit facility); 
 (iv) Return measures (including but not limited to return on equity, return on average assets, return on capital, risk-adjusted return on capital, return on investors’ capital and return on average
equity); 
 (v) Operating measures (including operating income, cash from operations, after-tax operating
income, sales volumes, same store sales, production volumes, credit portfolio delinquency rate, credit portfolio net charge-off rate, gross margins and production efficiency); 

(vi) Expense measures (including but not limited to overhead cost and general and administrative expense); 

(vii) Asset measures (including but not limited to a specified target, or target growth in sales, stores or credit
portfolio, market capitalization or market value, proceeds from dispositions, strategic acquisitions, or raising capital); 

  
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 (viii) Relative performance measures (including but not limited to relative
performance to a comparison group or index designated by the Committee and market share); 
 (ix) Corporate
values measures (including but not limited to ethics, customer satisfaction, legal, enterprise risk management, regulatory, and safety); and 
 (x) Any combination of the above. 
 If an Award is made on this
basis, the Committee will establish goals prior to the beginning of the period for which the Performance Criteria relate (but not later than 90 days after the commencement of the period of services to which the Performance Criteria relate). The
Committee has the right for any reason to reduce (but not increase) the Award, notwithstanding the achievement of a specified goal. Any settlement of an Award granted with Performance Criteria under this subparagraph (a) will be conditioned on
the written certification of the Committee in each case that the Performance Criteria and any other material conditions were satisfied. 
 (b) To the extent that Section 409A is applicable, (i) performance-based compensation will also be contingent on the satisfaction of pre-established organizational or individual Performance
Criteria relating to a performance period of at least 12 consecutive months in which the Participant performs services and (ii) Performance Criteria will be established not later than 90 calendar days after the beginning of any performance
period to which the Performance Criteria relate, provided that the outcome is substantially uncertain at the time the criteria are established. 
 2.14. “Restricted Stock” means shares of Common Stock granted to an Non-Employee Director pursuant to Section 5 of the Plan that is subject to the restrictions on transferability and
the risk of forfeiture imposed by the provisions of Section 5. 
 2.15. “Restricted Stock
Unit” or “RSU” means a notional account established pursuant to an Award granted to an Eligible Recipient, as described in Section 5 of the Plan, that is (a) valued solely by reference to shares of Common Stock,
(b) subject to restrictions specified in the agreement evidencing the Award, and (c) payable in shares of Common Stock within 30 days of the lapse of such restrictions. The RSUs awarded to the Eligible Recipient will vest according to the
time-based or performance based criteria specified in the agreement evidencing the Award. 
 2.16.
“Securities Act” means the Securities Act of 1933, as amended. 
 2.17.
“Subsidiary” means any entity that is directly or indirectly controlled by the Company or any entity in which the Company has a significant equity interest, as determined by the Committee. 

 

	3.	 Plan Administration. 

 The Plan will be administered by the Board or by a committee of the Board. Such a committee, if established, will act by majority approval of the members (unanimous approval with respect to action by
written consent), and a majority of the members of such a committee will constitute a quorum. As used in the Plan, “Committee” will refer to the Board or to such a committee, if established. The Committee may exercise its duties, power and
authority under the Plan in its sole and absolute discretion without the consent of any Participant or other party, unless the Plan specifically provides otherwise. Each determination, interpretation

  
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or other action made or taken by the Committee pursuant to the provisions of the Plan will be conclusive and binding for all purposes and on all persons, and no member of the Committee will be
liable for any action or determination made in good faith with respect to the Plan or any Award granted under the Plan. 
  

	4.	 Shares Available for Issuance. 

 4.1. Maximum Number of Shares Available; Restrictions. Subject to adjustment as provided in Section 4.3 of the Plan, the maximum number of shares of Common Stock that will be available for
issuance under the Plan will be 300,000. The shares available for issuance under the Plan may, at the election of the Committee, be either treasury shares or shares authorized but unissued, and, if treasury shares are used, all references in the
Plan to the issuance of shares will, for corporate law purposes, be deemed to mean the transfer of shares from treasury. 
 4.2. Accounting for Awards. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Awards will be applied to reduce the maximum number of shares of Common Stock
remaining available for issuance under the Plan; provided, however, that shares forfeited under an Award will automatically again become available for issuance under the Plan. 

4.3. Adjustments to Awards. In the event of any reorganization, merger, consolidation, recapitalization,
liquidation, reclassification, stock dividend, stock split, combination of shares, rights offering, extraordinary dividend, or divestiture (including a spin-off) or any other change in the corporate structure or shares of the Company, the Committee
shall make such adjustment to outstanding Awards to prevent dilution or enlargement of the rights of Participants. 
  

	5.	 Awards. 

 5.1. Annual Grant. Each year, on the first day following the Company’s annual stockholders meeting, each individual elected, re-elected or continuing as a Non-Employee Director automatically
will receive, in consideration for service as a director, an Award having the number of shares of Restricted Stock as determined by the Company’s Committee (the “Annual Grant”). 

5.2. Discretionary Grants. A Non-Employee Director may be granted one or more Awards under the Plan (the
“Discretionary Grants”) in addition to the Annual Grant(s), including, but not limited to, a pro rata Annual Grant in connection with such Non-Employee Director’s initial election or appointment to the Board. Discretionary
Grants will be subject to such terms and conditions, consistent with the other provisions of the Plan, as may be determined by the Committee in its sole discretion. 

5.3. Vesting of Awards. The Committee may impose such restrictions or conditions, not inconsistent with the
provisions of the Plan, to the vesting of such Awards as it deems appropriate, including, without limitation, that the Participant remain in the continuous service of the Company for a certain period or achievement of one or more of the Performance
Criteria. Unless otherwise stated in an agreement evidencing an Award, an Award shall vest, subject to the other terms of the Plan, in four equal annual installments beginning on the first anniversary of the date of grant. 

5.4. Rights as a Stockholder. Except as provided in Sections 5.5, 5.6 and 9.1 of the Plan, or in the award
agreement evidencing an Award of Restricted Stock, a Participant will have all voting, dividend, liquidation and other rights with respect to shares of Restricted Stock upon the Participant becoming the holder of record of such shares as if such
Participant were a holder of record of shares of unrestricted Common Stock. A Participant will have no voting, dividend, liquidation and other rights 

  
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with respect to shares of Common Stock subject to the Participant’s RSUs until the Participant becomes the holder of record of such shares. 

5.5. Dividends and Distributions. Unless the Committee determines otherwise in its sole discretion (either in the
agreement evidencing the Award of Restricted Stock at the time of grant or at any time after the grant of the Award of Restricted Stock), any dividends or distributions (other than regular quarterly cash dividends) paid with respect to shares of
Restricted Stock subject to the unvested portion of an Award will be subject to the same restrictions as the shares of Restricted Stock to which such dividends or distributions relate. The Committee will determine in its sole discretion whether any
interest will be paid on such dividends or distributions. 
 5.6. Enforcement of Restrictions. To enforce
the restrictions referred to in this Section 5, the Committee may place a legend on the stock certificates referring to such restrictions and may require the Participant, until the restrictions have lapsed, to keep the stock certificates,
together with duly endorsed stock powers, in the custody of the Company or its transfer agent, or to maintain evidence of stock ownership, together with duly endorsed stock powers, in a certificateless book-entry stock account with the
Company’s transfer agent. 
 5.7. Settlement of Awards. If and when the restriction period expires
with respect to a share of Restricted Stock or a RSU, the Company will, subject to Section 8, deliver a share of Common Stock free of restriction to or for the account of the Participant, the Participant’s estate, or beneficiary, as
applicable. 
  

	6.	 Effect of Termination of Service. 

 6.1. Termination Due to Death or Disability. Subject to Section 6.3 of the Plan, in the event a Participant’s ceases to be a member of the Board by reason of his or her death or
Disability, all shares of Restricted Stock and RSUs then held by or credited to the Participant that have not vested as of such date will be forfeited. 
 6.2. Termination for Reasons Other than Death or Disability. Subject to Sections 6.3 of the Plan, in the event a Participant ceases to be a member of the Board for any reason other than death or
Disability, all shares of Restricted Stock and RSUs then held by or credited to the Participant that have not vested as of such termination will be forfeited. 
 6.3. Modification of Rights Upon Termination. Notwithstanding the other provisions of this Section 6, upon a Participant’s ceasing to be a member of the Board, the Committee may, in its
sole discretion (which may be exercised at any time on or after the date of grant, including following such cessation), cause one or more shares of Restricted Stock or RSUs then held by or credited to such Participant to vest and/or continue to vest
following such cessation of membership on the Board, in each case in the manner determined by the Committee. 

  
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	7.	 Payment of Withholding and Employment-Related Tax Obligations. 

The Company is entitled to withhold and deduct from future compensation of the Participant (or from other amounts that may
be due and owing to the Participant from the Company), or make other arrangements for the collection of, all legally required amounts necessary to satisfy any and all federal, foreign, state and local withholding and employment-related tax
requirements attributable to an Award, including, without limitation, the grant, vesting, or payment of dividends with respect to, an Award. 
  

	8.	 Change in Control. 

 8.1. Change in Control Definitions. For purposes of this Section: 
 (a) “Bona Fide Underwriter” means an entity engaged in business as an underwriter of securities that acquires securities of the Company through such entity’s participation in good
faith in a firm commitment underwriting until the expiration of 40 days after the date of such acquisition. 

(b) “Continuity Directors” mean any individuals who are members of the Board on February 1, 2011,
and any individual who subsequently becomes a member of the Board whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the Continuity Directors (either by specific vote or by
approval of the Company’s proxy statement in which such individual is named as a nominee for director without objection to such nomination); provided, however, that any individual whose initial assumption of office occurs as a result of
either an actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board, a default on any financial instrument, or a default on any dividends will not be
considered a Continuity Director. 
 (c) “Outstanding Securities” are those outstanding
securities ordinarily having the right to vote at elections of directors. 
 (d) “Successor”
means any individual, entity, group, or other person (as such term is used in Section 13(d) or Section 14(d) of the Exchange Act), other than the Company, any “affiliate” (as defined below) or any benefit plan(s) sponsored by the
Company or any affiliate, that succeeds to, or has the practical ability to control (either immediately or solely with the passage of time), the Company’s business directly, by merger, consolidation or other form of business combination, or
indirectly, by purchase of the Company’s Outstanding Securities or all or substantially all of its assets or otherwise. For this purpose, an “affiliate” is (i) any corporation at least a majority of whose Outstanding Securities
are owned directly or indirectly by the Company or (ii) any other form of business entity in which the Company, by virtue of a direct or indirect ownership interest, has the right to elect a majority of the members of such entity’s
governing body. 
 8.2. A “Change in Control” shall be deemed to have occurred if an event described in
any one of the following paragraphs has occurred: 
 (a) the sale, lease, exchange or other transfer, directly or
indirectly, of all or substantially all of the assets of the Company (in one transaction or in a series of related transactions) to any Successor; 

  
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 (b) any Successor other than a Bona Fide Underwriter becomes the beneficial
owner, directly or indirectly, of (i) 20% or more, but less than 50%, of the combined voting power of the Company’s Outstanding Securities, unless the transaction resulting in such ownership has been approved in advance by the Continuity
Directors, or (ii) 50% or more of the combined voting power of the Company’s Outstanding Securities (regardless of any approval by the Continuity Directors); 

(c) a merger or consolidation to which the Company is a party (a “Transaction”) if the Company’s
stockholders immediately prior to the effective date of the Transaction have beneficial ownership of securities of the surviving corporation immediately following the effective date of the Transaction representing (i) 50% or more, but not more
than 80%, of the combined voting power of the surviving corporation’s then Outstanding Securities, unless the Transaction has been approved in advance by the Continuity Directors, or (ii) less than 50% of the combined voting power of the
surviving corporation’s then Outstanding Securities (regardless of any approval by the Continuity Directors); or 
 (d) the Continuity Directors cease for any reason to constitute at least 50% or more of the Board. 
 8.3. Acceleration of Vesting. Without limiting the authority of the Committee under Section 4.3 of the Plan, if a Change in Control occurs, then, if approved by the Committee in its sole
discretion either in an agreement evidencing an Award at the time of grant or at any time after the grant of an Award, all Awards that have been outstanding for at least six months will become immediately fully vested and non-forfeitable. All other
Awards will terminate and be forfeited upon the Change in Control. 
  

	9.	 Transferability. 

 9.1. Restrictions on Transfer. 
 (a) Except pursuant to
testamentary will or the laws of descent and distribution or as otherwise expressly permitted by subsection (b) below, no right or interest of any Participant in shares of Restricted Stock or RSUs prior to vesting of such Restricted Stock or
RSUs will be assignable or transferable, or subjected to any lien, during the lifetime of the Participant, either voluntarily or involuntarily, directly or indirectly, by operation of law or otherwise. 

(b) A Participant will be entitled to designate a beneficiary to receive shares of Restricted Stock or RSUs upon such
Participant’s death, and in the event of such Participant’s death, settlement of any Restricted Stock or RSUs will be made to such beneficiary. If a deceased Participant has failed to designate a beneficiary, or if a beneficiary designated
by the Participant fails to survive the Participant, settlement of any Restricted Stock or RSUs will be made to the Participant’s legal representatives, heirs, devisees and legatees. If a deceased Participant has designated a beneficiary and
such beneficiary survives the Participant but dies before complete settlement of his or her Awards, then such settlement will be made to the legal representatives, heirs, devisees and legatees of the beneficiary. 

9.2. Non-Exclusivity of the Plan. Nothing contained in the Plan is intended to modify or rescind any previously
approved compensation plans or programs of the Company or create any limitations on the power or authority of the Board to adopt such additional or other compensation arrangements as the Board may deem necessary or desirable. 

  
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	10.	 Securities Laws and Other Restrictions. 

Notwithstanding any other provision of the Plan or any agreements entered into pursuant to the Plan, a Participant may not
sell, assign, transfer or otherwise dispose of shares of Common Stock issued pursuant to Awards granted under the Plan, unless (a) there is in effect with respect to such shares a registration statement under the Securities Act and any
applicable securities laws of a state or foreign jurisdiction or an exemption from such registration under the Securities Act and applicable state or foreign securities laws, and (b) there has been obtained any other consent, approval or permit
from any other U.S. or foreign regulatory body which the Committee, in its sole discretion, deems necessary or advisable. The Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the
parties involved, and the placement of any legends on certificates representing shares of Common Stock, as may be deemed necessary or advisable by the Company in order to comply with such securities laws or other restrictions. 

 

	11.	 Plan Amendment, Modification and Termination. 

The Board may suspend or terminate the Plan or any portion thereof at any time, and may amend the Plan from time to time
in such respects as the Board may deem advisable in order that Awards under the Plan will conform to any change in applicable laws or regulations or in any other respect the Board may deem to be in the best interests of the Company; provided,
however, that no such amendments to the Plan will be effective without approval of the Company’s stockholders if stockholder approval of the amendment is then required pursuant to the rules of any stock exchange, The NASDAQ Global Select
Market, or similar regulatory body. No termination, suspension or amendment of the Plan may adversely affect any outstanding Award without the consent of the affected Participant; provided, however, that this sentence will not impair the
right of the Committee to take whatever action it deems appropriate under Sections, 4.3, 7 and 8 of the Plan. 
  

	12.	 Duration of the Plan. 

 The Plan will terminate at midnight on March 29, 2021, and may be terminated prior to such time by Board action. No Award will be granted after termination of the Plan. Awards outstanding upon
termination of the Plan may continue to become free of restrictions, according to their terms. 
  

	13.	 Miscellaneous. 

 13.1. Governing Law. Except to the extent expressly provided herein or in connection with other matters of corporate governance and authority (all of which shall be governed by the laws of the
Company’s jurisdiction of incorporation), the validity, construction, interpretation, administration and effect of the Plan and any rules, regulations and actions relating to the Plan will be governed by and construed exclusively in accordance
with the laws of the State of Delaware notwithstanding the conflicts of laws principles of any jurisdictions. 

13.2. Shareholder Approval. This Plan must be approved by a majority of the votes cast at a duly held
shareholder’s meeting at which a quorum representing a majority of all outstanding voting shares of Common Stock is, either in person or by proxy, present and voting on the Plan within twelve (12) months after the date this Plan is adopted
by the Board. If the shareholders fail to approve adoption of this Plan, all Awards granted under this Plan shall terminate and be forfeited. 
 13.3. Compliance with Section 409A. Each Award issued under the Plan is intended to be exempt from Section 409A and will be interpreted accordingly. 

  
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 13.4. Successors and Assigns. The Plan will be binding upon and inure
to the benefit of the successors and permitted assigns of the Company and the Participants. 

  
 9Form of Restricted Stock Award Agreement (Non-Employee Director)

 Exhibit 10.2.3 
 RESTRICTED STOCK AWARD AGREEMENT 
 CONN’S, INC. 

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN 
 THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is made by and between CONN’S, INC., a Delaware corporation (the “Company”), and
                                 (“Recipient”) as of
            , 20    , pursuant to the Company’s Non-Employee Restricted Stock Plan (the “Plan”), which is incorporated by reference herein
in its entirety. 
 RECITALS 
 The Committee, acting on behalf of the Company, wishes to grant Recipient
                         shares of the Company’s $0.01 par value common stock (“Common Stock”) on the terms
and subject to the conditions set forth below and in the Plan. 
 Capitalized terms used in this Agreement and not otherwise
defined in this Agreement will have the meaning assigned to them in the Plan. 
 AGREEMENT 

It is hereby agreed as follows: 
 1. Grant of Restricted Stock. Effective as of
                         (the “Grant Date”), the Company will cause
                         shares of Common Stock (the “Restricted Stock”) to be issued in the Recipient’s
name subject to any prohibitions and restrictions set forth in this Agreement with respect to the sale or other disposition of the Restricted Stock and the obligation to forfeit and surrender the Restricted Stock to the Company in accordance with
the terms of this Agreement and the Plan (the “Forfeiture Restrictions”). 
 2. Evidence of Ownership.

 2.1 Evidence of the issuance of the Restricted Stock pursuant to this Agreement may be accomplished in any
manner that the Company or its authorized representatives deem appropriate including, without limitation, electronic registration, book-entry registration or issuance of a stock certificate or certificates in the name of the Recipient. Any stock
certificate issued for the Restricted Stock will bear an appropriate legend with respect to the Forfeiture Restrictions applicable to the Restricted Stock. The Company may retain, at its option, the physical custody of any stock certificate
representing any Restricted Stock during the restriction period or require that the certificates evidencing Restricted Stock be placed in escrow or trust, along with a stock power endorsed in blank, until all Forfeiture Restrictions are removed or
lapse. If the issuance of the Restricted Stock is documented or recorded electronically, the Company and its authorized representatives will ensure that the Recipient is prohibited from selling,

 
assigning, pledging, exchanging, hypothecating or otherwise transferring the Restricted Stock while it is still subject to the Forfeiture Restrictions. 

2.2 Upon the lapse of the Forfeiture Restrictions, the Company or, at the Company’s instruction, its authorized
representative will release the Restricted Stock with respect to which the Forfeiture Restrictions have lapsed. The lapse of the Forfeiture Restrictions and the release of the Restricted Stock shall be evidenced in any manner that the Company and
its authorized representatives deem appropriate under the circumstances. 
 2.3 At the Company’s request,
the Recipient must execute and deliver, as necessary, a blank stock power with respect to the Restricted Stock, and the Company may, as necessary, exercise that stock power in the event of forfeiture of the Restricted Stock pursuant to this
Agreement, or as may otherwise be required in order for the Company to withhold the Restricted Stock necessary to satisfy any applicable federal, state and local income and employment tax withholding obligations pursuant to Section 7 of this
Agreement. 
 3. Forfeiture Restrictions. The Restricted Stock may not be sold or otherwise transferred prior to
the lapse of the Forfeiture Restrictions set forth in this Section and the lapse of any other Forfeiture Restrictions imposed by this Agreement or the Plan.[Choose one of the following provisions.] 

[Option 1] 
 3.1 Forfeiture Restriction 1. [Determined by Committee – these can be performance criteria or a combination of time-based restrictions and performance criteria.] 

[Option 2] 
 The Restricted Stock
will be subject to forfeiture in accordance with the following schedule: 
  

			
	 Date Time-Based

Forfeiture Restriction
 Lapses
	  	Percentage of Original
Grant Becoming Non-
Forfeitable
		  	100%

 Notwithstanding the foregoing, to the
extent any Forfeiture Restrictions apply to the Restricted Stock as of a Change in Control of the Company occurring on or after the date that is six (6) months after the Grant Date, any remaining Forfeiture Restrictions will lapse upon the
Change in Control. 
 4. Effect of Termination of Employment or Other Service. If a Recipient’s employment or
other service with the Company terminates, the effect of the termination on the Recipient’s Restricted Stock under this Agreement will be as set forth in Section 6 of the Plan.

  
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 5. Restrictions on Transfer of Restricted Stock. The Restricted Stock will not
be transferable, either voluntarily or by operation of law, except as provided in Section 9.1 of the Plan. 
 6.
Rights as a Stockholder. Subject to the Forfeiture Restrictions and other terms and conditions of this Agreement and the Plan, the Recipient will have all the rights of a stockholder with respect to the Restricted Stock, including the
right to vote the Restricted Stock. Regular, ordinary dividends paid with respect to the Restricted Stock in cash will be paid to the Recipient currently. All other dividends and distributions, whether paid in cash, equity securities of the Company,
rights to acquire equity securities of the Company or any other property will be subject to the same Forfeiture Restrictions as the Restricted Stock, unless the Committee, in its sole discretion, determines that those other dividends or
distributions should be paid to the Recipient currently. 
 7. Tax Matters. The lapsing of the Forfeiture
Restrictions will be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements (the “Required Withholding”), if any. By execution of this Agreement, the Recipient authorizes
the Company, to the extent permissible, to withhold sufficient Restricted Stock with respect to which the Forfeiture Restrictions have lapsed as may be necessary to satisfy the Recipient’s Required Withholding, if any. The amount of the
Required Withholding and the number of shares of Restricted Stock required to satisfy the Recipient’s Required Withholding, if any, as well as the amount reflected on tax reports filed by the Company, will be based on the Fair Market Value of
the Common Stock on the day the Forfeiture Restrictions lapse. Notwithstanding the foregoing, the Committee may require that the Recipient satisfy the Recipient’s Required Withholding, if any, by any other means the Committee, in its sole
discretion, considers reasonable. The obligations of the Company under this Agreement are conditioned on the satisfaction of the Required Withholding, if any. 
 8. No Right to Employment. Nothing contained in this Agreement obligates the Company to employ or have another relationship with Recipient for any period or interfere in any way with the
right of the Company to reduce Recipient’s compensation or to terminate the employment of or relationship with Recipient at any time. 
 9. Miscellaneous. 
 9.1 Binding Effect,
Successors. This Agreement shall bind and inure to the benefit of the successors, assigns, transferees, agents, personal representatives, heirs and legatees of the respective parties. 

9.2 Further Acts. Each party will perform any further acts and execute and deliver any documents which may be
necessary to carry out the provisions of this Agreement and to comply with applicable law. 
 9.3
Amendment. This Agreement may be amended at any time by the written agreement of the Company and the Recipient. 
 9.4 Choice of Law and Severability. This Agreement shall be construed, enforced and governed by the laws of the State of Delaware. The invalidity of any

  
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provision of this Agreement will not affect any other provision of this Agreement, which will remain in full force and effect. 

9.5 Notices. All notices and demands to Recipient or the Company may be given to them at the following addresses:

  

							
	 If to Recipient:
	 		  	  

		 		  	  

		 		  	  

		 		  	Fax:                          
                                         
                            
		 		  	Electronic Mail:	  	  

				
	 If to Company:
	 		  	Conn’s, Inc.	  	
		 		  	Attn:                          
                                         
                          
		 		  	3295 College St.
		 		  	Beaumont, TX 77701
		 		  	Fax:                          
                                         
                            
		 		  	Electronic Mail:	  	  

 The parties may designate in writing from time to time such other place or places that notices and demands may be given. 

9.6 Entire Agreement. This Agreement, as governed by and interpreted in accordance with the Plan, and the Plan
constitute the entire agreement between the parties hereto pertaining to the subject matter hereof, this Agreement supersedes all prior and contemporaneous agreements and understandings of the parties, and there are no warranties, representations or
other agreements between the parties in connection with the subject matter hereof except as set forth or referred to herein. No supplement, modification or waiver or termination of this Agreement shall be binding unless executed in writing by the
party to be bound thereby. No waiver of any of the provisions of this Agreement shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

9.7 Grant Subject to Terms of Plan and this Agreement. The Recipient acknowledges and agrees that the grant of the
Restricted Stock is made pursuant to and governed by the terms of the Plan and this Agreement. Recipient, by execution of this Agreement, acknowledges having received a copy of the Plan. The provisions of this Agreement will be interpreted as to be
consistent with the Plan, and any ambiguities in this Agreement will be interpreted by reference to the Plan. In the case of a conflict between the terms of the Plan and this Agreement, the terms of the Plan will control. 

  
 - 4 -

 IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date first set
forth above. 
  

			
	“COMPANY”
	
	CONN’S, INC.,
	a Delaware corporation
		
	By:	 	  

		 	[Name]
	
	“RECIPIENT”
	
	  

		 	[Name]

  
 - 5 -

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