Document:

Form of Option Agreement

 Exhibit 10.2 
 NEW GRANTS 
 ORCHARD SUPPLY HARDWARE STORES CORPORATION 

STOCK OPTION GRANT NOTICE 
 2011 EQUITY INCENTIVE PLAN 
 Orchard Supply Hardware Stores Corporation
(the “Company”), pursuant to the Orchard Supply Hardware Stores Corporation 2011 Equity Incentive Plan, as amended (the “Plan”), hereby grants to the Optionholder identified below a Nonstatutory Stock
Option to purchase the number of shares of the Company’s Common Stock (the “Shares”) set forth below. This Option is subject to all of the terms and conditions as set forth herein and in the Option Agreement and the
Plan, both of which are attached hereto and incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Plan. 

 

					
	Optionholder:	 	  
	 	
	Date of Grant:	 	  
	 	
	Vesting Commencement Date:	 	  
	 	
	Shares Subject to Option:	 	  
	 	
	Exercise Price (Per Share):	 	  
	 	
	Total Exercise Price:	 	  
	 	
	Expiration Date:	 	  
	 	

  

			
	Exercise Schedule:	  	Same as Vesting Schedule.
		
	Vesting Schedule:	  	[TBD]
		
	Payment Methods:	  	Cash or check and, unless otherwise prohibited by the Company, any other method as set forth in Section 3 of the Option Agreement.

 Additional Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt of, and understands and
agrees to, this Grant Notice, the Option Agreement, and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Grant Notice, the Option Agreement, and the Plan set forth the entire understanding between Optionholder and the
Company regarding the acquisition of Shares and supersede all prior oral and written agreements on that subject with the exception of (i) options previously granted and delivered to Optionholder under the Plan, and (ii) the agreements, if
any, listed below: 
  

									
	Other Agreements:	 		 		 	
			
	ORCHARD SUPPLY HARDWARE STORES CORPORATION	 		 	OPTIONHOLDER
				
	By:	 	  
	 		 	  

		 	Signature	 		 	Signature	 	
					
	Title:	 	  
	 		 		 	

 Attachments: Option Agreement and 2011 Equity Incentive Plan 

 ORCHARD SUPPLY HARDWARE STORES CORPORATION 

2011 EQUITY INCENTIVE PLAN 
 OPTION AGREEMENT 
 (TIME-BASED STOCK OPTION) 

Pursuant to your Stock Option Grant Notice (“Grant Notice”) and this Option Agreement, Orchard Supply Hardware
Stores Corporation (the “Company”) has granted you a stock option under the Orchard Supply Hardware Stores Corporation 2011 Equity Incentive Plan, as amended (the “Plan”) to purchase the number of
shares of the Company’s Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. Capitalized terms not defined in this Option Agreement but defined in the Plan shall have the same definitions as in the
Plan. For the avoidance of doubt, the terms and conditions of the Grant Notice are a part of the Option Agreement, unless otherwise specified. This Agreement shall automatically apply to any number of additional Grant Notices as may be subsequently
entered into with respect to Nonstatutory Stock Options granted to you under the Plan except as may be specifically set forth in such future Grant Notice. 
 The details and terms and conditions of this Option Agreement shall govern your Nonstatutory Stock Option: 
 1. Vesting. Subject to the limitations contained herein, your Option will vest as set forth in your Grant Notice, provided that vesting will cease upon the termination of your service with
the Company as an employee, director or consultant. For the purposes of this Option Agreement, in the event of an involuntary termination of your service with the Company, the termination shall be effective, and vesting shall cease, as of the date
stated in the relevant notice of termination and, unless otherwise required by law, will not be extended by any notice period or other period of leave. Subject to Applicable Law, the Company shall determine the date of termination in its sole
discretion. 
 2. Number of Shares and Exercise Price. The number of shares of Common Stock subject to your Option and
your exercise price per share referenced in your Grant Notice may be adjusted from time to time for various adjustments in the Company’s equity capital structure, as provided in the Plan. 

3. Method of Payment. 
 (a) Payment of the exercise price is due in full upon exercise of all or any part of your Option. You may elect to make payment of the exercise price in cash or by check. Alternatively, unless otherwise
specified by the Committee, provided that at the time of exercise there is a public market for the shares of Common Stock, you may elect that your exercise be implemented pursuant to a program developed under Regulation T as promulgated by the
Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds
to the extent provided for by the Company and pursuant to such procedures as the Company may specify from time to time. Notwithstanding the terms of the previous sentence, you may not be permitted to exercise your Option pursuant to a program
developed under Regulation T as promulgated by the Federal Reserve Board if such exercise would violate the provisions of Section 402 of the Sarbanes-Oxley Act of 2002 or other Applicable Law. 

  
 1 

 (b) Notwithstanding the foregoing, unless otherwise specified by the Committee, you may
make payment of the exercise price and/or taxes relating to such exercise, in whole or in part, in shares of Common Stock having a Fair Market Value equal to the amount of the aggregate exercise price or taxes, or such portion thereof, as
applicable, to the extent provided for by the Company and pursuant to such procedures as the Company may specify from time to time; provided, however, that you must satisfy all such requirements as may be imposed by the Company, including without
limitation that you have held such shares for such period as may be established from time to time by the Company in order to avoid a supplemental charge to earnings for financial accounting purposes, if any, and that any withholding for tax purposes
does not exceed the statutory minimum rate of withholding. 
 (c) Where you are permitted to pay the exercise price of an
Option and/or taxes relating to the exercise of an Option by delivering shares of Common Stock, you may, subject to procedures satisfactory to the Company, satisfy such delivery requirement by presenting proof that you are the Beneficial Owner of
such shares of Common Stock, in which case the Company shall treat the Option as exercised and/or the taxes paid, as applicable, without further payment and shall withhold such number of shares from the Shares acquired by the exercise of the Option.

 (d) Notwithstanding the foregoing, the Company may permit you to make payment of the exercise price in any other form of
legal consideration that may be acceptable to the Company in its sole discretion, including an exercise effected on a “net exercise” basis. Additionally, you shall have the right to exercise your Option by way of a “cashless” or
“net” exercise pursuant to which the Company shall retain that number of shares of Common Stock having a Fair Market Value equal to the amount of the aggregate exercise price of the Option and/or withholding or taxes associated with such
exercise, or such portion thereof, as applicable; provided that such “cashless” or “net” exercise: (i) does not result in adverse accounting treatment to the Company, (ii) in respect of any withholding for tax purposes,
does not exceed the statutory minimum rate of withholding, and (iii) is not prohibited by the terms of the Company’s and its Subsidiaries’ financing arrangements as in effect from time to time. 

4. Whole Shares. You may exercise your Option only for whole shares of Common Stock. 

5. Compliance. 
 (a) Securities Law Compliance. Notwithstanding anything to the contrary contained herein, you may not exercise your Option unless the shares of Common Stock issuable upon such exercise are then
registered under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of
your Option must also comply with other Applicable Law governing your Option, and you may not exercise your Option if the Company determines that such exercise would not be in compliance with Applicable Law. 

(b) Plan Compliance. Notwithstanding anything to the contrary contained herein, you may not exercise your Option if the terms of
the Plan do not permit the exercise of Options, or if the Company exercises its rights under the Plan to suspend, delay or restrict the exercise of Options. 

  
 2 

 6. Term. You may not exercise your Option before the commencement of its term on the
Date of Grant or after its term expires. Subject to the provisions of the Plan and this Option Agreement, you may exercise all or any part of the vested portion of the Option at any time prior to the earliest to occur of: 

(a) the date on which your service with the Company is terminated for Cause; 

(b) ninety (90) days after your service with the Company terminates for any reason other than Cause, death or Disability;

 (c) twelve (12) months after the termination of your service with the Company due to your Disability; 

(d) twelve (12) months after the termination of your service with the Company due to your death; or 

(e) the Expiration Date indicated in the Grant Notice. 
 Notwithstanding the foregoing, if the exercise of your Option is prevented within the applicable time periods set forth in Section 6(b) as a result of the operation of any provision of the Plan, your
Option shall not expire before the date that is forty-five (45) days after the date that you are notified by the Company that the Option is again exercisable, but in any event no later than the Expiration Date indicated in your Grant Notice.

 7. Exercise Procedures. 
 (a) Subject to Section 5 above and other relevant terms and conditions of the Plan and this Option Agreement, you may exercise the vested portion of your Option during its term by either
(i) delivering a notice of exercise (in a form designated by the Company) together with the exercise price to the Chief Financial Officer, or to such other person as the Company may designate, during regular business hours, together with such
additional documents as the Company may then require or (ii) confirming your exercise through such other process or procedures that the Company may establish from time to time with a broker or otherwise, including, but not limited to, the
confirmation of exercise through your electronic brokerage account if applicable. 
 (b) By exercising your Option you agree
that, as a condition to any exercise of your Option, the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company (including any Affiliate) arising by
reason of (1) the exercise of your Option, or (2) other applicable events that trigger or may trigger the imposition of income, employment or other taxes. 
 (c) By exercising your Option you agree that, as a condition to any exercise of your Option, you and your spouse, if requested by the Company, contemporaneously with the exercise of your Option and prior
to the issuance of any certificate representing the 

  
 3 

 
Shares of Common Stock purchased upon the exercise of your Option, shall execute any agreements by and among the Company and any of the Company’s stockholders which shall then be applicable
to the shares of Common Stock to be issued to you, including any and all amendments to such agreements in effect at the time of such exercise, and agree to comply with any and all restrictions which then apply to holders of Common Stock (or the
securities which at that time are to be issued upon the exercise of your Option). 
 (d) As a condition of any exercise of your
Option, you and your spouse, if any, agree that prior to the effectiveness of the first underwritten registration of the Company or its Affiliate’s equity securities under the Securities Act, you shall not transfer any or all of the shares of
Common Stock purchased upon exercise of your Option unless permitted to do so under the terms of the Plan. 
 8. Documents
Governing Issued Common Stock. Shares of Common Stock that you acquire upon exercise of your Option are subject to the terms of the Plan, the Company’s bylaws, the Company’s certificate of incorporation, any agreement relating to such
shares of Common Stock to which you become a party, or any other similar document. You should ensure that you understand your rights and obligations as a stockholder of the Company prior to the time that you exercise your Option. 

9. Limitations on Transfer of Options. Your Option is not transferable, except by will or by the laws of descent and distribution,
and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be
entitled to exercise your Option. 
 10. Rights Upon Exercise. You will not have any rights to dividends or other rights
of a stockholder with respect to the Shares subject to the Option until you have given written notice of the exercise of the Option, paid in full for such Shares and, if applicable, satisfied any other conditions imposed by the Committee pursuant to
the Plan. 
 11. Option Not a Service Contract. Your Option is not an employment contract, and nothing in your Option
shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ or service of the Company or any of its Affiliates, or of the Company or any of its Affiliates to continue your employment. In addition, nothing in
your Option shall obligate the Company or any of its Affiliates, their respective stockholders, Boards of Directors, officers or employees to continue any relationship that you might have as a Director or Consultant or otherwise for the Company or
any of its Affiliates. 
 12. Withholding Obligations and Notice Requirement. 

(a) At the time you exercise your Option, in whole or in part, or at any time thereafter as requested by the Company or its Affiliates,
you hereby authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means of a “same day sale” program developed under Regulation T as promulgated by the
Federal Reserve Board to the extent permitted by the Company and Applicable Law, including, but not limited to, Section 402 of the Sarbanes-Oxley Act of 2002) any sums required to satisfy any federal, state, local and foreign tax withholding
obligations of the Company or any of its Affiliates, which arise in connection with your Option. 

  
 4 

 (b) You may not exercise your Option unless the tax withholding obligations of the Company
and/or any Affiliate are satisfied or appropriate arrangements (acceptable to the Company) are made therefor. 
 13.
Notices. Any notices provided for in your Option or the Plan shall be given in writing and shall be deemed effectively given upon receipt, or in the case of notices delivered by mail to you, five (5) days after deposit in the United
States mail (or with another delivery service), certified or registered mail, return receipt requested, postage prepaid, addressed to you at the last address you provided to the Company. 

14. Signature in Counterparts. This Option Agreement may be signed in counterparts, each of which shall be an original, with the
same effect as if the signatures thereto and hereto were upon the same instrument. 
 15. Option Subject to Plan
Document. By entering into this Option Agreement, you agree and acknowledge that you have received and read a copy of the Plan. The Option is subject to the terms and provisions of the Plan and such terms and provisions are hereby incorporated
herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

16. Miscellaneous. 
 (a) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of this Option. 

(b) You acknowledge and agree that you have reviewed your Option in its entirety, have had an opportunity to obtain the advice of
counsel and your personal tax advisor prior to executing and accepting your Option and fully understand all provisions of your Option. 
 (c) You acknowledge that the grant and terms of this Option are confidential and may not be disclosed by you to any other person, including other employees of the Company and its Affiliates and other
participants in the Plan, without the express written consent of the Company. Notwithstanding the foregoing, you may disclose the grant and terms of this Option to your family member, financial advisor, and attorney and as may be required by law or
regulation. 
 (d) The waiver by either party of compliance with any provision of the Option Agreement by the other party shall
not operate or be construed as a waiver of any other provision of the Option Agreement, or of any subsequent breach by such party of a provision of the Option Agreement. 
 (e) This Option Agreement shall inure to the benefit of and be binding upon the parties hereto and their legal representatives, heirs, and permitted transferees, successors and assigns. 

  
 5 

 (f) This Option Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware, without giving effect to any conflict of laws provision or rule. 
 (g) This Option Agreement, including
those documents and agreements explicitly referenced herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements or understandings, whether written or oral. This Option
Agreement may not be amended, modified or revoked, in whole or in part, except by an agreement in writing signed by each of the parties hereto. 

  
 6Form of Restricted Stock Agreement

 Exhibit 10.3 
 ORCHARD SUPPLY HARDWARE STORES CORPORATION 
 RESTRICTED
STOCK GRANT NOTICE 
 2011 EQUITY INCENTIVE
PLAN 
 Orchard Supply Hardware Stores Corporation (the “Company”), pursuant to the Orchard Supply Hardware
Stores Corporation 2011 Equity Incentive Plan (the “Plan”), hereby grants to the Participant identified below an award (the “Award”) of that number of shares of the Company’s Common Stock set forth below (the
“Shares”). This Award is subject to all of the terms and conditions set forth herein and in the Restricted Stock Agreement attached hereto, the Plan and the form of Assignment Separate from Certificate (collectively, the
“Award Documents”), all of which are attached hereto and incorporated herein in their entirety. All capitalized terms not defined in this grant notice shall have the meanings ascribed thereto in the Restricted Stock Agreement or the
Plan, as the case may be. 
  

			
	Participant:	 	  

	Grant Date:	 	  

	Number of Shares:	 	  

	Fair Market Value on Grant Date (Per Share):	 	  

	Fair Market Value on Grant Date (In Aggregate):	 	  

			
		
	Vesting Schedule:	  	[insert vesting schedule]
		
	Consideration:	  	No payment is required for the Shares, although payment may be required for the amount of any withholding taxes due as a result of the award of, or vesting of, the Shares, as
described in the Restricted Stock Agreement.

 Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of the Award Documents, and
understands and agrees to the terms set forth in the Award Documents. Participant further acknowledges that as of the Grant Date, the Award Documents set forth the entire understanding between Participant and the Company regarding the acquisition of
shares of the Company’s Common Stock and supersede all prior oral and written agreements on that subject. 
  

									
	ORCHARD SUPPLY HARDWARE STORES CORPORATION	 		 	PARTICIPANT
				
	By:	 	  
	 		 	  

		 	Signature	 		 	Signature
				
	Title:	 	  
	 		 	
					
	Name:	 	  
	 		 	Name:	 	  

 ATTACHMENTS: 
  

	I.	Restricted Stock Agreement 

  

	II.	2011 Equity Incentive Plan 

  

	III.	Form of Assignment Separate from Certificate 

 Attachment I 
 Restricted Stock Agreement 

 ORCHARD SUPPLY HARDWARE STORES
CORPORATION 
 2011 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 

Pursuant to the provisions of the Orchard Supply Hardware Stores Corporation 2011 Equity Incentive Plan (“Plan”), the
terms of the Grant Notice (“Grant Notice”) to which this Restricted Stock Agreement (hereinafter “Restricted Stock Agreement” or “Agreement”) is attached and this Restricted Stock Agreement, Orchard
Supply Hardware Stores Corporation (the “Company”) grants you that number of shares of Common Stock indicated in the Grant Notice. Capitalized terms not defined in this Agreement or Grant Notice but defined in the Plan shall have
the same definitions as in the Plan. This Agreement shall automatically apply to any number of additional Grant Notices as may also be subsequently entered into with respect to Shares issued to you under the Company’s Director Compensation
Policy except as may be specifically set forth in such future Grant Notice. 
 The details of your Award are as follows:

 1. THE AWARD. The Company hereby awards to you the aggregate number of
Shares of Common Stock specified in your Grant Notices. The Shares are awarded to you in consideration for your service to the Company as a director of the Company. 
 2. DOCUMENTATION. As a condition to the award of the Shares, and prior to the recordation of the Shares in your name in the books and records of the Company’s
transfer agent, you agree to execute the Grant Notice and the Assignment Separate From Certificate (with date and number of shares blank) substantially in the form attached to the Grant Notice as Attachment III, and to deliver the same to the
Company, along with such additional documents as the Company may require. Neither this Agreement nor any additional Assignment Separate From Certificate shall be required for any additional Shares issued to you through subsequent Grant Notices under
the Company’s Director Compensation Policy, with this Agreement and Assignment Separate From Certificate automatically applying to any number of such additional Grant Notices except as may be specifically set forth in such future Grant Notice.

 3. CONSIDERATION FOR THE AWARD. No cash
payment is required for the Shares, although you may be required to tender payment in cash or other acceptable form of consideration for the amount of any withholding taxes due as a result of the award of, or vesting of, the Shares. 

4. VESTING. Subject to the limitations contained in this Agreement and the Plan, the Shares will
vest as provided in the Grant Notice. Vesting is contingent upon your continuous service with the Company as a director. If your continuous service with the Company terminates prior to the vesting of all or any number of Shares for any reason, then
(i) you shall automatically forfeit any unvested Shares to the Company as of the date of termination without any further action by the Company, and (ii) if dividends have been credited with respect to any unvested Shares and such Shares
are forfeited, all dividends credited in connection with such forfeited Shares shall also be forfeited to the Company. In the event of such a forfeiture, you hereby irrevocably authorize and direct the Company to date any stock assignments necessary
for the cancellation and to fill in the number of Shares being cancelled, and hereby irrevocably authorize 

 
and direct the Company and its transfer agent to cancel the appropriate number of unvested Shares, together with any dividends declared subsequent to the date hereof and which relate to such
Shares. 
 5. NUMBER OF SHARES. The number of Shares subject
to your Award may be adjusted from time to time pursuant to the provisions of Section 12 of the Plan and any and all new, substituted or additional securities to which you may be entitled under the terms of the Award shall likewise be subject
to the terms of the Plan and this Agreement. 
 6. UNCERTIFICATED SHARES.
The Company will issue the Shares in uncertificated form, with such Shares to be recorded in your name in the books and records of the Company’s transfer agent. 
 7. TRANSFER RESTRICTIONS. Shares that are received under your Award are subject to the transfer restrictions set forth in the Plan. No Share may, at any
time prior to becoming vested, be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by you (including, without limitation, by operation of law) and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the Company; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 

8. RIGHTS AS A STOCKHOLDER. You shall be the record
owner of the Shares until or unless such Shares are reacquired by the Company pursuant to Section 4 hereof, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights
with respect to the Shares and you shall receive, when paid, any dividends on all of the Shares granted hereunder as to which you are the record holder on the applicable record date; provided that (i) any cash or in-kind dividends paid with
respect to the Shares which have not previously vested shall be withheld by the Company without interest and shall be paid to you only when, and if, such Shares shall become fully vested pursuant to Section 4, and (ii) the Shares shall be
subject to the limitations on transfer and encumbrance set forth herein. As soon as practicable following the vesting of any Shares pursuant to Section 4, certificates for the Shares which shall have vested shall be delivered to you or your
legal guardian or representative unless the Company elects to issue the Shares in uncertificated form. 
 9.
SECURITIES LAWS. The issuance and delivery of Shares shall comply with all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated
thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. If the Company deems it necessary to ensure that the issuance of
securities under the Plan is not required to be registered under any applicable securities laws, each Participant to whom such security would be issued shall deliver to the Company an agreement or certificate containing such representations,
warranties and covenants as the Company which satisfies such requirements. The certificates representing the Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Company
may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

 10. MARKET STANDOFF. You agree that the
Company (or a representative of the underwriters) may, in connection with the first underwritten registration of the offering of any securities of the Company under the Securities Act, require that you not sell, dispose of, transfer, make any short
sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by you under the Award, for a period of time
specified by the underwriter(s) (not to exceed approximately two hundred fourteen (214) days) following the effective date of the registration statement of the Company filed under the Securities Act. You further agree to execute and deliver
such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may
impose stop-transfer instructions with respect to the Shares until the end of such period. In addition, Shares that are received under your Award are subject to the transfer restrictions set forth in the Plan and any transfer restrictions that may
be described in the Company’s bylaws or charter in effect at the time of the contemplated transfer. 
 11.
LEGENDS ON CERTIFICATES. The certificates representing the vested Shares delivered to you or registered in your name, as the case may be, as contemplated by Section 8 above shall
be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares
are listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. All certificates representing the Award shall have affixed
thereto a legend in substantially the following form, or such other form as approved by the Committee, in addition to any other legends that may be required under federal or state securities laws: 

TRANSFER OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY IS RESTRICTED PURSUANT TO THE TERMS OF THE ORCHARD SUPPLY HARDWARE STORES
CORPORATION 2011 EQUITY INCENTIVE PLAN AND A RESTRICTED STOCK AWARD AGREEMENT, BETWEEN ORCHARD SUPPLY HARDWARE CORPORATION AND THE PARTICIPANT. A COPY OF SUCH PLAN AND AWARD AGREEMENT IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF ORCHARD SUPPLY
HARDWARE STORES CORPORATION. 
 12. AWARD NOT A SERVICE
CONTRACT. Your Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue to serve as an employee, director or
consultant to the Company or any of its Affiliates. In addition, nothing in your Award shall obligate the Company or any Affiliate, their respective stockholders, boards of directors, officers or employees to continue any relationship that you might
have as an employee, director or consultant or as any other type of service provider for the Company or any Affiliate. Neither you nor any other person shall have any claim to be granted any additional Award and there is no obligation under the Plan
for uniformity of treatment of holders or beneficiaries of Awards. The terms and conditions of the Award granted hereunder or any other Award granted under the Plan (or 

 
otherwise) and the Committee’s determinations and interpretations with respect thereto and/or with respect to you and any recipient of an Award under the Plan need not be the same (whether
or not you and any such other recipient are similarly situated). 
 13. WITHHOLDING
OBLIGATIONS. 
 (a) At the time your Award is made, or at any time thereafter as
requested by the Company, you hereby authorize the Company to satisfy its withholding obligations, if any, from payroll or any other amounts payable to you, and you further agree to make adequate provision for any sums required to satisfy the
federal, state, local and foreign tax withholding obligations of the Company, if any, which arise in connection with your Award, to the maximum extent permitted by law. Unless otherwise specified by the Committee, you may also satisfy such tax
withholding obligations, in whole or in part, pursuant to such procedures as the Company may specify from time to time by requesting that the Company withhold otherwise deliverable Shares having an aggregate Fair Market Value equal to (but not
exceeding) the minimum amount required to be withhold and/or by the sale of Shares to generate sufficient cash proceeds to satisfy any such tax withholding obligation. In the event of such election, you hereby authorize the Company to take any steps
as may be necessary to effect any such sale and agree to pay any costs associated therewith, including without limitation any applicable broker’s fees. 
 (b) Unless the tax withholding obligations of the Company, if any, are satisfied, the Company shall have no obligation to issue a certificate for such Shares or release such Shares from any escrow
provided for herein. 
 14. TAX CONSEQUENCES. You acknowledge that you have
had the opportunity to review with your own tax advisors the federal, state, local and/or foreign tax consequences of the transactions contemplated by this Agreement. You further acknowledge that you are relying solely on such advisors and not on
any statements of the Company or any of its agents. You understand that you (and not the Company) shall be responsible for your personal tax liability that may arise as a result of the transactions contemplated by this Agreement. You further
understand that it may be beneficial in certain circumstances to elect to be taxed as of the Grant Date rather than when the Shares vest by filing an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the
“Code”) with the Internal Revenue Service within 30 days from the Grant Date. YOU ACKNOWLEDGE THAT IT IS YOUR RESPONSIBILITY AND NOT THE COMPANY’S TO TIMELY FILE THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF YOU REQUEST THE
COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON YOUR BEHALF. You acknowledge that nothing in this Agreement constitutes tax advice. 
 15. LIMITATIONS APPLICABLE TO SECTION 16 PERSONS. Notwithstanding any other provision of the Plan or
this Agreement, if you are subject to Section 16 of the Exchange Act, the Plan and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any
amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent necessary to confirm to such applicable
exemptive rule. 

 16. NOTICES. Any notices provided for in your Award or
the Plan shall be given in writing and shall be delivered by hand or sent by Federal Express, certified or registered mail, return receipt requested, postage prepaid, and shall be deemed effectively given upon receipt or, in the case of notices
delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 
 17. MISCELLANEOUS. 
 (a) You agree
upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of this Award. 
 (b) You may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time-to-time, amend or revoke such designation. If no
designated beneficiary survives you, your estate shall be deemed to be your beneficiary. 
 (c) You acknowledge and agree
that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award. 

(d) The waiver by either party of compliance with any provision of the Award by the other party shall not operate or be construed
as a waiver of any other provision of the Award, or of any subsequent breach by such party of a provision of the Award. 

(e) The terms of this Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and
shall be binding on you and your beneficiaries, executors, administrators, heirs and successors. 
 (f) The invalidity or
unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by
law. 
 (g) This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to
conflicts of laws principles thereof. 
 (h) This Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 18.
GOVERNING PLAN DOCUMENT AND ENTIRE AGREEMENT. Your Award is subject to all interpretations, amendments, rules and regulations that may from
time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of the Plan and any other document, the provisions of the Plan shall control. This Agreement and the Plan contain the entire agreement
and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations in respect thereto. No change, modification or waiver of any provision of this
Agreement shall be valid unless the same be in writing and signed by the parties hereto. 

 Attachment II 

Orchard Supply Hardware Stores Corporation 
 2011 Equity Incentive Plan 

 Attachment III 

Form of Assignment Separate from Certificate 

 ASSIGNMENT SEPARATE FROM CERTIFICATE 

[Instruction: Please do not fill in any blanks other than signing on the signature line and printing your name beneath it. The purpose
of this Assignment is to enable the Company to administer its rights set forth in the Restricted Stock Agreement and the Plan without requiring additional signatures on your part.] 

FOR VALUE RECEIVED and pursuant to that certain Grant Notice and
Restricted Stock Agreement dated                     , between Orchard Supply Hardware Stores Corporation, a Delaware corporation and the undersigned
and any subsequent Grant Notices entered into,                      hereby sells, assigns and transfers unto Orchard Supply Hardware Stores
Corporation, a Delaware corporation (“Assignee”),
                                
(            ) shares of the Common Stock of Orchard Supply Hardware Stores Corporation. (“Shares”), standing in the undersigned’s name on the books of said
corporation in uncertificated form and do hereby irrevocably constitute and appoint
                                 as attorney-in-fact to transfer the said stock on the
books of the within named issuer with full power of substitution in the premises. This Assignment may be used only in accordance with and subject to the terms and conditions of the Restricted Stock Agreement and the Plan, in connection with the
reacquisition or transfer of the Shares issued to the undersigned pursuant to the Restricted Stock Agreement, and only to the extent that such Shares remain subject to the Assignee’s rights to acquire the Shares and other restrictions
applicable under the Restricted Stock Agreement and the Plan. Capitalized terms not defined herein shall have the meanings assigned thereto pursuant to such Restricted Stock Agreement. 

 

									
	Dated:	 	  
	 		 		 	
					
		 		 		 	Signature:	 	  

					
		 		 		 	Print Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}]]