Document:

Form of Award Agreement for 2010 Long Term Discretionary Cash Award Agreement

 Exhibit 10.3 
 DISCRETIONARY CASH AWARD AGREEMENT 
 This AGREEMENT is made
as of March 25, 2010 (“the Effective Date”), by and between COLLECTIVE BRANDS, INC., a Delaware corporation, and its parent, subsidiaries, affiliates and related companies (“the Company”), and
                    (“Executive”). 
 NOW, THEREFORE, for good and valuable consideration, the parties agree as follows: 

1. Discretionary Cash Award. (a) If Executive remains employed by the Company until the third anniversary of the
Effective Date (“the Payment Date”), the Company shall pay Executive a lump sum equal to
                        , less applicable taxes and withholding, on the next regularly scheduled pay period thereafter. If
Executive is not employed by the Company (for any reason) on the Payment Date, the Company shall have no obligation to make the referenced payment and Executive shall have no right to it. 

(b) If Executive leaves the Company (for any reason), and violates the post-termination confidentiality, non-competition or
non-solicitation obligations under Executive’s Employment Agreement, Noncompetition and Company Work Product Agreement, Invention, or Non-Competition and Non-Disclosure Agreement, as applicable, the Company shall have the right to recover the
referenced payment, along with reasonable expenses and attorney fees incurred by the Company to protect or enforce its rights under this Agreement, and any other remedies provided by law. 

2. Non-Benefit Bearing Payment. The amount paid (or to be paid) under Paragraph 1 of this Agreement shall not be treated as
compensation for purposes of computing or determining any additional benefit payable under any bonus or incentive plan, retirement plan, insurance plan, or other Executive benefit plan maintained by the Company. 

3. Amendment. This Agreement may not be changed, amended, or modified in any manner except by an instrument in writing
signed by both of the parties hereto. 
 4. Applicability of Other Agreements. All other terms, conditions or
privileges of Executive’s employment, including the post-termination obligations under Executive’s Employment Agreement, Noncompetition and Company Work Product Agreement, or Invention, Non-Competition and Non-Disclosure Agreement, as
applicable, shall remain in full force and effect, and are incorporated herein by reference. 
 5. Entire
Agreement. This Agreement contains the entire understanding of the parties regarding the payment of a discretionary cash award and supersedes in all respects all agreements, arrangements or understandings, whether oral or written, between
Executive and the Company regarding the payment of a discretionary cash award. 
 6. Choice of Law; Venue. This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Kansas. This Agreement is to be performed at least in part in Shawnee County, Kansas, and venue for any action to enforce this Agreement shall be in the
Kansas District Court, Shawnee County, Kansas. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written. 
  

							
	EXECUTIVE	 		 	COLLECTIVE BRANDS, INC.
				
		 		 	By:	 	 
	SIGNATURE	 		 		 	
		 		 	Title:	 	
		 		 		 	
	PRINT NAMEForm of Award Agreement for 2011 Long Term Discretionary Cash Award Agreement

 Exhibit 10.4 
 COLLECTIVE BRANDS, INC. 
 2011 DISCRETIONARY CASH AWARD AGREEMENT

 Pursuant to the terms and conditions of the Collective Brands, Inc. Incentive Compensation Plan (the “Plan”),
you have been granted the cash award outlined below: 
  

			
		
	 Granted to:
	 	 name

SSN

		
	 Grant Date:
	 	date
		
	 Amount Granted:
	 	$$
		
	 Vesting Schedule:
	 	Cliff vest on the third anniversary of the grant date.

  
 Page 1 of 2
(Discretionary Cash Award 2011) 

 TERMS AND CONDITIONS 

The Committee under the Collective Brands, Inc. Incentive Compensation Plan (the “Plan”) of Collective Brands, Inc., a Delaware
corporation, has approved granting Executive a discretionary cash award on the terms and subject to the conditions set forth in this Agreement. 
 NOW, THEREFORE, for good and valuable consideration, the parties agree as follows: 
  

	 	1.	Discretionary Cash Award. 

  

	 	(a)	If Executive remains employed by the Company until the third anniversary of the Effective Date (“the Payment Date”), the Company shall pay Executive a lump
sum equal to the amount specified on the previous page, less applicable taxes and withholding, on the next regularly scheduled pay period thereafter. If Executive is not employed by the Company (for any reason) on the Payment Date, the Company shall
have no obligation to make the referenced payment and Executive shall have no right to it. 

  

	 	(b)	If Executive leaves the Company (for any reason), and violates the post-termination confidentiality, non-competition or non-solicitation obligations under
Executive’s Employment Agreement, Noncompetition and Company Work Product Agreement, Invention, or Non-Competition and Non-Disclosure Agreement, as applicable, the Company shall have the right to recover the referenced payment, along with
reasonable expenses and attorney fees incurred by the Company to protect or enforce its rights under this Agreement, and any other remedies provided by law. 

 

	 	2.	Non-Benefit Bearing Payment. The amount paid (or to be paid) under Paragraph 1 of this Agreement shall not be treated as compensation for purposes of
computing or determining any additional benefit payable under any bonus or incentive plan, retirement plan, insurance plan, or other Executive benefit plan maintained by the Company. 

 

	 	3.	Amendment. This Agreement may not be changed, amended, or modified in any manner except by an instrument in writing signed by both of the parties hereto.

  

	 	4.	Applicability of Other Agreements. All other terms, conditions or privileges of Executive’s employment, including the post-termination obligations
under Executive’s Employment Agreement, Noncompetition and Company Work Product Agreement, or Invention, Non-Competition and Non-Disclosure Agreement, as applicable, shall remain in full force and effect, and are incorporated herein by
reference. 

  

	 	5.	Entire Agreement. This Agreement contains the entire understanding of the parties regarding the payment of a discretionary cash award and supersedes in
all respects all agreements, arrangements or understandings, whether oral or written, between Executive and the Company regarding the payment of a discretionary cash award. 

 

	 	6.	Choice of Law; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Kansas. This Agreement is to be
performed at least in part in Shawnee County, Kansas, and venue for any action to enforce this Agreement shall be in the Kansas District Court, Shawnee County, Kansas. 

  
 Page 2 of 2
(Discretionary Cash Award 2011)Form of Award Agreement for Long Term Discretionary Cash Award Agreement Amend.

 Exhibit 10.5 

 
 

 
 Date: May 7, 2012 
 To: Executive Name 
 Re: Discretionary Cash Award Agreement 

As part of our ongoing review of company plans and agreements, we have reviewed the Discretionary Cash Award Agreements for the following awards
(collectively, your “Award”) granted by Collective Brands, Inc., a Delaware corporation and its affiliates and subsidiaries (the “Company”): 
  

	 	•	 	 2011 Discretionary Cash Award of $XXXX 

  

	 	•	 	 2010 Discretionary Cash Award of $XXXX 

 Paragraph 1(a) of your Award previously provided that you would forfeit the Award if you are not employed (for any reason) on the three year anniversary of the effective date of your Award, which is
defined as the “Payment Date” in your Award. The terms of the original Award are identified in your Fidelity Account under the CBI Cash Award heading as “CASHSLT”. 
 We are pleased to share with you some recent modifications to the terms of your Award which relate to your eligibility to receive a prorated or full payment of your Award as a result of certain events as
well as to provide some additional clarifications: 
  

	 	•	 	 Involuntary Termination Prior to a Change of Control: If, prior to the Payment Date and prior to a Change of Control (as defined below), you are
(i) terminated by the Company without cause or for good reason (as defined in your employment, change of control, or other similar agreement) or (ii) terminated due to your death or “permanent disability” (as defined below) you
will receive a prorated portion of your award within 30 days of such termination. The proration will be calculated as the number of days you are actively employed during the award period, divided by the total number of days in the award period.

  

	 	•	 	 Involuntary Termination Following a Change of Control: If, following a Change of Control, but prior to the Payment Date, you are
(i) terminated by the Company without cause or for good reason (as defined in your employment, change of control, or other similar agreement) or (ii) terminated due to your death or “permanent disability”, you will receive the
full (i.e., non-prorated) award within 30 days of such termination. 

 For the purposes of your Award, a “Change of
Control” is as defined in the 2006 Stock Incentive Plan, as amended and restated, and as may be further amended and restated from time to time. “Permanent Disability” is defined as a permanent and total disability which enables you to
be eligible for and receive a disability benefit under the Federal Social Security Act. 

 In addition to the above modifications, please note that notwithstanding anything to the contrary in your
Award, your Award was not granted under any Company plan, including, without limitation, the 2006 Stock Incentive Plan or the Company’s Incentive Compensation Plan. 
 Further, for the avoidance of doubt, pursuant to Section 2 of your Award, amounts paid or payable pursuant to your Award will not be treated as compensation for purposes of computing or determining
any additional benefit or payment under any plan of or agreement with the Company or any of its affiliates or subsidiaries. 
 The subject
matter and contents of this letter are confidential and should be maintained in strict confidence at all times. Except as required by law, you will not disclose the terms of this letter, other than to your spouse or financial advisor, provided that
such individual(s) similarly agree to maintain this letter confidential. 
 This Agreement and/or the rights hereunder shall be freely
assignable by the Company. This Agreement shall inure to the benefit of the Company, its successors and assigns, including any corporation in which the Company may be merged or which may succeed to its assets or business. In the event of your death
or permanent disability, this Agreement shall inure to the benefit of and be enforceable by your heirs, executors, administrators and legal representatives. 
 Please indicate your acceptance of the terms and conditions of this letter by signing where indicated below and return this letter to Sally Burk, Collective Brands Human Resources, by May 25, 2012.
Also, please retain a copy of this letter for future reference to ensure you have complete details regarding the terms of your Award. 

Sincerely, 
  
 

 
 Betty Click 

Senior Vice President, Human Resources 
 AGREED
AND ACKNOWLEDGED: 
  

					
	  	  	  	 	  
	Signature	  		 	  
 Date

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