Document:

Form of Performance Share Award Agreement

 Exhibit 10.6 

STEIN MART, INC. 
 2001
OMNIBUS PLAN 
 PERFORMANCE SHARE AWARD AGREEMENT 

THIS AGREEMENT is made and entered into as of the date set forth on the signature page hereof (the “Grant Date) by and
between STEIN MART, INC., a Florida corporation (“Company), and the Participant whose signature is set forth on the signature page hereof (the “Participant”). 

WITNESSETH 
 WHEREAS, the
Company has adopted the Stein Mart, Inc. 2001 Omnibus Plan (“Omnibus Plan”) and the Stein Mart [insert performance period] Long Term Incentive Compensation Plans (the “Incentive Plans” and together with the Omnibus,
the “Plans”), the terms of both of which, to the extent not stated herein, are specifically incorporated by reference in this Agreement; 

WHEREAS, the purpose of the Plans is to permit Awards under the Incentive Plans to be granted to certain Participants of the Company
and its Affiliates and to further specify the terms and conditions under which such individuals may receive such Awards; 
 WHEREAS,
the Participant is now employed in an officer, management or advisory capacity and the Company desires him or her to remain in such capacity, to secure or increase his or her ownership of shares of the Company s common stock in order to increase his
or her incentive and personal interest In the success and growth of the Company; and 
 WHEREAS, defined terms used herein and not
otherwise defined herein shall have the meanings set forth in the Plans. 
 NOW, THEREFORE, in consideration of the premises and of
the covenants and agreements herein set forth, the parties hereby mutually covenant and agree as follows: 
 1. Performance Share
Grant. Subject to the terms and conditions set forth herein, the Company hereby grants to the Participant the number of performance shares (the “Performance Shares”) of the Company’s common stock set forth on the
signature page hereof, at the value per Share set forth on the signature page hereof. 
 2. Nontransferability of Shares. The
Performance Shares are not transferable other than by will or by the laws of descent and distribution. 
 3. Grant and
Vesting. 
 (a) The Performance Shares will be earned by the Participant (subject to Vesting), as provided below only as, when and
to the extent the Performance Goals (defined in the Incentive Plans) are met as of the end of the three year period of [insert performance period] Plan Years (the Award Date). If the Performance Goals are not met, than the Performance Shares granted
herein shall lapse and be of no further force or effect. 

 (b) In addition, the Performance Shares subject to this Grant shall Vest as follows (the
“Service Condition”): [insert vesting percentages] of such Performance Shares shall vest upon the Award Date if the Participant receiving such award remains employed by the Company on the Award Date. Notwithstanding the foregoing,
if a Participants employment with the Company is terminated because of [insert exceptions to forfeiture provisions, if any], then the Service Condition shall be deemed to have been met as to a portion of the unvested Performance Shares as equals the
percent of the Service Condition which has been met as of the Termination Event. [Include as example if exceptions to forfeiture provisions are approved by Committee - By way of example, if a Participant dies 12 months following the Award Date of
the Participation Award, then the Participant (or the Participants estate) will receive 1/3rd of the Performance Shares which would otherwise have Vested upon satisfaction of the Service Condition (12 months as a percent of 36 months).] 

4. Certificate Issued. The certificate(s) evidencing the Performance Shares that are the subject of this Grant will be issued
only upon satisfaction of the appropriate Performance Goals and shall not be treated as outstanding until the satisfaction of such condition. 

5. Rights As Stockholder. The Participant shall have no rights as a holder of the Performance Shares until and unless and to the
extent the Performance Shares are deemed to have been issued on the Award Date based on the Performance Goals achieved, subject, however to forfeiture to the extent such Performance Shares do not Vest. 

6. Tax Withholding. 

(a) It shall be a condition of the Grant of the Performance Shares provided herein that the Participant, and the Participant agrees, that the
Participant shall pay to the Company upon its demand, such amount as may be requested by the Company for the purpose of satisfying its liability to withhold federal, state, or local income, employment or other taxes incurred by reason of the Grant
provided herein or the Vesting thereof. The amount that will be due from the Participant, if any, will be determined at the time the risk of forfeiture is removed and Vesting occurs. 

(b) The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and foreign tax consequences of the
transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands that the Participant (and not the Company)
shall be responsible for the Participant’s own tax liability that may arise as a result of the transactions contemplated by this Agreement under the Internal Revenue Code of 1986, as amended (the “Code”) which taxes as ordinary income
the fair market value of the Performance Shares as of the Award Date. 
 7. Powers of Company Not Affected. The existence of
the Performance Shares shall not affect in any way the right or power of the Company or its stockholders to make or authorize any combinations, subdivision or reclassification of the Shares or any reorganization, merger, consolidation, business
combination, exchange of Shares, or other change in the Company s capital structure or its business, or any issue of bonds, debentures or stock having rights or preferences equal, superior or affecting the Option Stock or the rights thereof or

  
 2 

 
dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or
otherwise. Nothing in this Agreement shall confer upon the Participant any right to continue in the employment of the Company or any Affiliate, or Interfere with or limit in any way the right of the Company or any Affiliate to terminate the
Participant’s employment at any time. 
 8. Interpretation by Committee. The Participant agrees that any dispute or
disagreement which may arise in connection with this Agreement shall be resolved by the Committee, in its sole discretion, and that any interpretation by the Committee of the terms of this Agreement or the Plan and any determination made by
the Committee under this Agreement or the Plan may be made in the sole discretion of the Committee and shall be final, binding, and conclusive. Any such determination need not be uniform and may be made differently among Participants awarded Option
Stock, 
 9. Miscellaneous. (a)This Agreement shall be governed and construed in accordance with the laws of the State of
Florida applicable to contracts made and to be performed therein between residents thereof. 
 (b) This Agreement may not be amended or
modified except by the written consent of the parties hereto. 
 (c) The captions of this Agreement are inserted for convenience of
reference only and shall not be taken into account in construing this Agreement. 
 (d) Any notice, filing or delivery hereunder or with
respect to Performance Shares shall be given to the Participant at either his usual work location or his home address as indicated in the records of the Company, and shall be given to the Committee or the Company at 1200 Riverplace Boulevard,
Jacksonville, Florida 32202, Attention Corporate Secretary. All such notices shall be given by first class mail, postage prepaid, or by personal delivery. 

(e) This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns and shall be binding upon and
inure to the personal benefit of the Participant, the Beneficiary and the personal representative(s) and heirs of the Participant. 

  
 3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly
authorized officer, and the Participant has hereunto affixed his hand, all on the day and year set forth below. 
  

			
	STEIN MART, INC.
		
	By:	 	  

		 	D. Hunt Hawkins,
		 	Chief Operating Officer

  

			
	No. of Performance Shares:	 	  

  

			
	Grant Date:	 	  

  

			
	Per Share Value:	 	  

  
 4Form of Restricted Share Award

 Exhibit 10.7 

STEIN MART, INC. 
 2001
OMNIBUS PLAN 
 RESTRICTED SHARE AWARD AGREEMENT FOR 

NON-EMPLOYEE DIRECTOR 

THIS AGREEMENT is made and entered into as of the date set forth on the signature page hereof by and between STEIN MART, INC., a
Florida corporation (“Company”), and the Non-Employee Director of the Company whose signature is set forth on the signature page hereof (the “Non-Employee Director”). 

W I T N E S S E T H 

WHEREAS, the Company has adopted the Stein Mart, Inc. 2001 Omnibus Plan (“Plan”), the terms of which, to the extent
not stated herein, are specifically incorporated by reference in this Agreement; 
 WHEREAS, one of the purposes of the Plan is to
permit Awards under the Plan to be granted to certain Non-Employee Directors of the Company and its Affiliates and to further specify the terms and conditions under which such individuals may receive such Awards; 

WHEREAS, the Non-Employee Director is now employed or engaged by the Company or an Affiliate in a Non-Employee Director capacity and
the Company desires him or her to remain in such capacity, and to secure or increase his or her ownership of Shares in order to increase his or her incentive and personal interest in the success and growth of the Company; and 

WHEREAS, defined terms used herein and not otherwise defined herein shall have the meanings set forth in the Plan. 

NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereby mutually
covenant and agree as follows: 
 1. Restricted Share Grant. Subject to the terms and conditions set forth herein, the
Company hereby grants to the Non-Employee Director the number of restricted shares (the “Restricted Shares”) of the Company’s common stock set forth on the signature page hereof, at the value per Share set forth on the
signature page hereof. 
 2. Nontransferability of Shares. The Restricted Shares are not transferable other than by
will or by the laws of descent and distribution. 
 3. Risk of Forfeiture; Vesting. 

The Restricted Shares are subject to a substantial risk of forfeiture and the risk of forfeiture is removed and the Restricted Shares become vested (the
“Vesting”) in the Non-Employee Director only if he or she remains a Director [insert vesting dates and percentages]. Notwithstanding the foregoing, if the Non-Employee Director’s service as a Non-Employee Director with the
Company is terminated because of [insert exceptions to termination provision, if any] or after the date hereof, the Restricted Shares will fully vest on the occurrence of such event and the risk of forfeiture with respect thereto will thereupon be
removed. 

 4. Certificate Retained. The certificate evidencing the Restricted Shares that are
the subject of this Grant will be held by the Company in safekeeping and delivered to the Non-Employee Director upon vesting as described above. If the Restricted Shares are forfeited, then the Company retains the right to cause the certificate to
be cancelled of record and the Restricted Shares shall thereupon be cancelled and no longer outstanding. 
 5. Rights As
Stockholder. The Non-Employee Director shall have all rights as a holder of the Restricted Shares until and unless the Restricted Shares are forfeited and cancelled as provided above. [insert any restrictions on receipt of dividends] 

6. Tax Withholding. (a) It shall be a condition of the Grant of the Restrictive Shares provided herein that the
Non-Employee Director, and the Non-Employee Director agrees, that the Non-Employee Director shall pay to the Company if the Company believes in good faith that it may have responsibility for such tax and upon the Company’s demand, such amount
as may be requested by the Company for the purpose of satisfying the Company’s liability to withhold federal, state, or local income, employment or other taxes incurred by reason of the Grant provided herein or the Vesting thereof. The amount
that will be due from the Non-Employee Director, if any, will be determined at the time the risk of forfeiture is removed and Vesting occurs, or if a Section 83(b) election (defined below) is made, as of the date of this Grant. 

(b) In the event that a Section 83(b) election is not made, the Non-Employee Director may elect to have the Company withhold that number
of Restricted Shares otherwise deliverable to the Non-Employee Director upon the Vesting of the Restricted Shares or to deliver to the Company a number of Shares, in each case, having a Fair Market Value on the date of Vesting equal to the
minimum amount required to be withheld as a result of such exercise. The election must be made in writing and must be delivered to the Company prior to the date of Vesting. If the number of shares so determined shall include a fractional share, the
Non-Employee Director shall deliver cash in lieu of such fractional share. All elections shall be made in a form approved by the committee and shall be subject to disapproval, in whole or in part by the Committee. 

(c) The Non-Employee Director has reviewed with the Non-Employee Director’s own tax advisors the federal, state, local and foreign tax
consequences of the transactions contemplated by this Agreement. The Non-Employee Director is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Non-Employee Director understands
that the Non-Employee Director (and not the Company) shall be responsible for the Non-Employee Director’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. The Non-Employee Director understands
that Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), taxes as ordinary income the fair market value of the Restricted Shares as of the date any restrictions on the Shares lapse. In this context,
“restriction” includes the Vesting conditions set forth in Section 3 hereof. The Non-Employee Director understands that the Non-Employee Director may elect to be taxed at the time the Restricted Shares are granted under this Agreement

  
 2 

 
rather than when they become Vested and no longer subject to a substantial risk of forfeiture by filing an election under Section 83(b) of the Code with the I.R.S. within 30 days from the
date of Grant. 
 THE NON-EMPLOYEE DIRECTOR ACKNOWLEDGES THAT IT IS THE NON-EMPLOYEE DIRECTOR’S SOLE RESPONSIBILITY AND NOT THE
COMPANY’S TO TIMELY FILE THE ELECTION UNDER SECTION 83(b) WITHIN 30 DAYS FROM THE DATE OF THIS GRANT, EVEN IF THE NON-EMPLOYEE DIRECTOR REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE NON-EMPLOYEE DIRECTOR’S BEHALF.
THE NON-EMPLOYEE DIRECTOR FURTHER ACKNOWLEDGES AND AGRESS THIS IT IS THE NON-EMPLOYEE DIRECTOR’S SOLE RESPONSIBILITY TO NOTIFY THE COMPANY OF THE NON-EMPLOYEE DIRECTOR’S DECISION SO THE COMPANY CAN ACCOUNT FOR THE SHARES APPROPRIATELY.

 7. Powers of Company Not Affected. The existence of the Restricted Shares shall not affect in any way the right or power of
the Company or its stockholders to make or authorize any combinations, subdivision or reclassification of the Shares or any reorganization, merger, consolidation, business combination, exchange of Shares, or other change in the Company’s
capital structure or its business, or any issue of bonds, debentures or stock having rights or preferences equal, superior or affecting the Option Stock or the rights thereof or dissolution or liquidation of the Company, or any sale or transfer of
all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. Nothing in this Agreement shall confer upon the Non-Employee Director any right to continue as a Director of the
Company or any Affiliate, or interfere with or limit in any way the right of the Company or any Affiliate to terminate the Non-Employee Director’s status as a Director in accordance with applicable corporate law at any time. 

8. Interpretation by Committee. The Non-Employee Director agrees that any dispute or disagreement which may arise in connection
with this Agreement shall be resolved by the Committee, in its sole discretion, and that any interpretation by the Committee of the terms of this Agreement or the Plan and any determination made by the Committee under this Agreement or the Plan may
be made in the sole discretion of the Committee and shall be final, binding, and conclusive. Any such determination need not be uniform and may be made differently among Non-Employee Directors awarded Restricted Stock. 

9. Miscellaneous. (a)This Agreement shall be governed and construed in accordance with the laws of the State of Florida applicable to
contracts made and to be performed therein between residents thereof. 
 (b) This Agreement may not be amended or modified except by the
written consent of the parties hereto. 
 (c) The captions of this Agreement are inserted for convenience of reference only and shall not be
taken into account in construing this Agreement. 
 (d) Any notice, filing or delivery hereunder or with respect to Restricted Shares shall
be given to the Non-Employee Director at either his usual work location or his home 

  
 3 

 
address as indicated in the records of the Company, and shall be given to the Committee or the Company at 1200 Riverplace Boulevard, Jacksonville, Florida 32202, Attention Corporate Secretary.
All such notices shall be given by first class mail, postage prepaid, or by personal delivery. 
 (e) This Agreement shall be binding upon
and inure to the benefit of the Company and its successors and assigns and shall be binding upon and inure to the personal benefit of the Non-Employee Director, the Beneficiary and the personal representative(s) and heirs of the Non-Employee
Director. 
 [Signature Page Follows] 

  
 4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized
officer, and the Non-Employee Director has hereunto affixed his hand, all on the day and year set forth below. 
  

			
	STEIN MART, INC.
		
	By:	 	  

		
	Its:	 	  

	
	 Signed Electronically

  

			
	No. of Restricted Shares:	 	  

  

			
	Grant Date:	 	  

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]