Document:

giii_Exhibit_10.1

		
			Exhibit 10.1
		

		
			 
		

		
			G-III Apparel Group, Ltd.
2015 long-term INCENTIVE PLAN
restricted stock unit agreement
		

		
			 
		

		
			AGREEMENT, made as of the 27th day of April,  2020, between G-III APPAREL GROUP, LTD. (the “Company”) and                                   (the “Participant”), pursuant to the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan (the “Plan”). Capitalized terms that are used but not defined in this Agreement shall have the meanings given to them by the Plan.
		

		
			 
		

			
	
			
				 1.
			Restricted Stock Unit Award. In accordance with the Plan, the Company hereby grants to the Participant            restricted stock units (“RSUs”). Each RSU represents the right to receive one share of the Company’s common stock (a “Share”), subject to the terms and conditions of this Agreement and the Plan. 

		
			 
		

			
	
			
				 2.
			Vesting Conditions.  Participant’s right to receive the Shares covered by this Agreement shall become vested with respect to all of the Shares on June 15, 2023,  subject to the Participant’s continuous employment or other service with the Company through the applicable vesting date.  

		
			 
		

			
	
			
				 3.
			Settlement of RSUs If and when RSUs become vested, the Participant will have the right to receive a corresponding number of whole Shares from the Company in full settlement of such vested RSUs. Such Shares will be issued and delivered in certificated or electronic form as soon as practicable (but not more than 90 days) after the applicable RSU vesting date, subject to any applicable tax withholding and other conditions set forth in the Plan, this Agreement and/or applicable law. 

		
			 
		

			
	
			
				 4.
			Termination of Employment or Service. Upon the termination of the Participant’s employment or other service with the Company,  any unvested RSUs then covered by this Agreement shall be canceled and the Participant shall have no further rights with respect thereto.

		
			 
		

			
	
			
				 5.
			No Rights as a Shareholder. The Participant shall have no ownership or other rights of a stockholder with respect to Shares underlying the RSUs (including any right to receive dividends or to vote such Shares) unless and until such Shares are issued to the Participant in settlement of vested RSUs. 

		
			 
		

			
	
			
				 6.
			Tax Withholding. Prior to any settlement of vested RSUs, the Participant shall be required to pay or make adequate arrangements satisfactory to the Company for the payment of all applicable tax withholding obligations. The Participant hereby authorizes the Company to satisfy all or part of the amount of such tax withholding obligations by deducting such amount from cash compensation or other payments that would otherwise be owed to the Participant. The Committee, acting in its sole discretion and pursuant to applicable law, may permit the Participant to satisfy any such tax withholding obligations with Shares that would otherwise be issued to the Participant in settlement of vested RSUs, and/or with previously-owned Shares held by the Participant. The 

		 

		

			-  1  -

		

	amount of the Participant’s tax withholding obligation that is satisfied in Shares, if any, shall be based upon the Fair Market Value of the Shares on the date such Shares are delivered or withheld.

		
			 
		

			
	
			
				 7.
			Restrictions on Transfer. Except as otherwise permitted by the Committee acting in its discretion under the Plan, the RSUs and the Participant’s right to receive Shares in settlement of vested RSUs may not be sold, assigned, transferred, pledged or otherwise alienated or disposed of (except by will or the laws of descent and distribution), and may not become subject to attachment, garnishment, execution or other legal or equitable process, and any attempt to do so shall be null and void.

		
			 
		

			
	
			
				 8.
			No Other Rights Conferred.  Nothing contained herein shall be deemed to give the Participant a right to be retained in the employ or other service of the Company or any affiliate or affect the right of the Company and its affiliates to terminate or amend the terms and conditions of the Participant’s employment or other service.

		
			 
		

			
	
			
				 9.
			Provisions of the Plan Control. The provisions of the Plan, the terms of which are incorporated in this Agreement, shall govern if and to the extent that there are inconsistencies between those provisions and the provisions hereof. 

		
			 
		

			
	
			
				 10.
			Successors. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

		
			 
		

			
	
			
				 11.
			Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified except by written instrument executed by the parties.

		
			 
		

			
	
			
				 12.
			Governing Law. This Agreement shall be governed by the laws of the State of Delaware, without regard to its principles of conflict of laws.

		
			 
		

			
	
			
				 13.
			Counterparts. This Agreement may be executed in separate counterparts, each of which will be an original and all of which taken together shall constitute one and the same agreement. 

		
			 
		

		
			 
		

		
			G-III APPAREL GROUP, LTD.

By: ____________________________________

_______________________________________
Participant
		

		
			 
		

		 

		

			-  2  -Ex 10.1_CIC Side Letter

Exhibit 10.1

EXICURE, INC.
June __, 2020

[Name]
[Address]

Re:  Exicure, Inc. (the “Company”)
Dear [Name]:
Reference is hereby made to that [Employment Agreement/Amended and Restated Employment Agreement], dated as of [_______], by and between you and the Company related to your employment as [title] (the “Original Employment Agreement”).  Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Original Employment Agreement.
This side letter (“Side Letter”) will serve to confirm certain amendments and supplementary provisions that we have agreed to with respect to the Original Employment Agreement.  Accordingly, the parties have agreed as follows:
		
	1.
	Amendment to Section 4(d).  Section 4(d) of the Original Employment Agreement is hereby replaced in its entirety as follows:

Termination without Cause or for Good Reason in Connection with a Change in Control. If Executive’s employment hereunder shall be terminated by the Company without Cause, or by Executive for Good Reason, in either case within 12 months following a Change in Control then, in addition to the payments and benefits described in Section 4(b) and subject to Executive’s execution and non-revocation of the release contemplated in Section 4(f) of this Agreement and Executive’s continuing compliance with the [CEO, CFO: Non-Competition Agreement/ COO:  the Confidentiality and Work Product Assignment Agreement] (as defined below):
(i)The Company shall pay Executive continuation of [_______] ([_______])1 months (“Benefit Period”) of Executive’s annual Base Salary, as in effect immediately prior to Executive’s termination of employment hereunder, payable during the 6-month period following Executive’s termination of employment in the form of salary continuation in accordance with the Company’s normal payroll practices;
(ii)    The Company shall pay Executive an annual cash bonus equal to Executive’s annual target bonus as set forth in Section 3(b) of the Original Employment Agreement for the year in which the termination of employment occurs, payable at the same time as annual cash bonuses are paid to senior management; 
(iii)    All equity awards, to the extent outstanding as of immediately prior to such termination, will be (or will be deemed to have been) fully vested and exercisable as of immediately prior to the latter of: (1) the date of termination and (2) the date of the Change in Control; 
(iv)    If the Executive timely elects to receive continued coverage under the Company’s group health care plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall pay the employer portion of applicable COBRA 

___________________________
1 NTD: CEO: 18 months, COO and CFO: 15 months

premium payments for the Executive’s and, as applicable, Executive’s dependents’, continued health coverage under such plan (as in effect or amended from time to time) (the “COBRA Subsidy”) until the earlier of: (1) [_______] ([_______])2 months following the Executive’s termination of employment, or (2) the date upon which the Executive obtains or becomes eligible for other health care coverage from a new employer or otherwise (such period referred to as the “COBRA Subsidy Period”). The Executive shall promptly inform the Company in writing when Executive obtains or becomes eligible for any such other health care coverage. The Executive shall be responsible for paying a share of such COBRA premiums during the COBRA Subsidy Period at active employee rates as in effect from time to time, and shall be responsible for the full unsubsidized costs of such COBRA coverage thereafter.
2.    [For CEO and  CFO]:  Amendment to Section 4(e).  Section 4(e) of the Original Employment Agreement is hereby deleted in its entirety.  COO: This paragraph intentionally left blank.] 
3.    The Company and the Executive further agree that this Side Letter does not constitute grounds for “Good Reason” pursuant Section [For CEO and CFO]:  4(h)/ for COO:  4(g)] of the Original Employment Agreement, or otherwise constitute any trigger for the Company’s payment of any severance or other benefits to Executive pursuant to Sections 4(c) or 4(d) of the Original Employment Agreement.
4.    The Executive will continue to abide by Company rules and policies. Executive acknowledges and agrees to continue to comply with the [CEO, CFO: Non-Competition Agreement/ COO:  the Confidentiality and Work Product Assignment Agreement], which Executive signed on [date] and which prohibits unauthorized use or disclosure of the Company’s proprietary information, among other obligations.  
5.    Except as modified or amended in this Side Letter, no other term or provision of the Original Employment Agreement is amended or modified in any respect.  The Original Employment Agreement, and its exhibits, along with this Side Letter, set forth the entire understanding between the parties with regard to the subject matter hereof and supersedes any prior oral discussions or written communications and agreements.  This Side Letter cannot be modified or amended except in writing signed by the Executive and an authorized officer of the Company.
Please sign below to indicate your agreement with the foregoing.
[Signature page follows]
                            

___________________________
2 NTD: CEO: 18 months, COO and CFO: 15 months

Very truly yours,            
EXICURE, INC.

By:    ____________________________________
          Name: Timothy P. Walbert    
          Title:   Chairman of the Board of Directors

ACCEPTED AND AGREED 
AS OF THE DATE 
FIRST WRITTEN ABOVE:

________________________________ 
[Name]

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