Document:

Stock Option Agreement dated on or about November 2, 1999 with Filippo Recami

 Exhibit 4.45 
 

 
 STOCK OPTION AGREEMENT 
  

			
	BETWEEN	  	 HENRY BIRKS & SONS INC.
 a
company duly incorporated according to the laws of Canada, having its head office at 1240 Phillips Square, Montreal, (Quebec); hereinafter referred to as “Birks”;

		
	AND	  	FILIPPO RECAMI

 Whereas Filippo Recami is employed by a related corporation of Birks; 
 Whereas Filippo Recami is a member of the Board of Directors, of the Development Committee and other ad hoc Committees of Birks hereinafter
collectively referred to as the “Board”. 
 Whereas it is in the best interests of Birks to encourage a sense of
proprietorship on the part of Filippo Recami and to induce Filippo Recami to continue in the service of a corporation related to Birks. 
 Now
therefore the parties have agreed as follows: 
 Grant of options: Birks hereby grants to Filippo Recami an option to acquire
126,672 non-voting common shares (“Shares”), representing 2% of the issued and outstanding Shares in the capital stock of Birks on June 1st, 1999, upon the following terms and conditions: 
 Exercise Price: The exercise price
shall be an amount equal to CDN$6.25 per Share, which the parties together with the auditors of Birks have determined to be the fair market value for such Share as of the date of this agreement (the “Exercise Price”). It is agreed that the
Exercise Price has been determined on the basis of the current number of issued and outstanding Shares, being 6,313,618. 
 Reorganization
of share capital: In the event of a reorganization of the capital stock of Birks or if its Shares are subdivided, consolidated, converted, reclassified or split or that any other action of a similar nature affecting the Shares is taken by Birks,
then the option and the Exercise Price shall be adjusted accordingly. 
 Henry Birks et Fils Inc. • Henry Birks & Sons Inc.

  

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 Option period: Unless otherwise provided in this agreement, the option shall be exercisable in
whole or in part at any time prior to November 1st, 2009 (“the Option Period”). 
 Cessation of function: If Filippo Recami ceases to serve on the Board prior to the end of the Option Period, other than by reason of Death,
Disability or Retirement, the option shall remain exercisable for a period of 3 months from the date of such cessation but no later than the end of the Option Period, and thereafter the option shall expire. Notwithstanding the provisions of this
section, if Filippo Recami resigns from his position or if his employment with any corporation related to Birks is terminated for cause the option shall expire immediately. 
 Disability: If Filippo Recami ceases to serve on the Board prior the end of the Option Period by reason of Disability, the option shall remain
exercisable, for a period of 6 months from the date of Disability, but no later than the end of the Option Period, and thereafter the option shall expire. For the purpose of this agreement Disability means a physical or mental impairment sufficient
to make the individual eligible for benefits under a long-term disability program. 
 Retirement: If Filippo Recami ceases to serve on
the Board prior the end of the Option Period by reason of Retirement, the option shall remain exercisable, for a period of 6 months from the date of Retirement, but no later than the end of the Option Period, and thereafter the option shall expire.
For the purpose of this agreement Retirement means cessation of function at or after the age of 60 years, except in the case of termination for cause or Disability 
 Death: If Filippo Recami ceases to serve on the Board prior the end of the Option Period by reason of Death, the option shall remain exercisable by his estate, for a period of 12 months from the date of Death,
but no later than the end of the Option Period, and thereafter the option shall expire. 
 Brokerage fees upon transfer: Filippo
Recami shall be responsible for the payment of any brokerage fees in respect of the sale or transfer of Share acquired as a result of exercising the option hereby granted. 
 Rights not transferable: Except as provided herein, the rights of Filippo Recami pursuant to this agreement are non-assignable and
non-transferable in whole or in part, either directly or indirectly. No attempted assignment or transfer thereof otherwise than in accordance with the provisions hereof shall be effective. 
 Responsibility for tax: Birks shall not be responsible for any tax which may be payable by Filippo Recami as a consequence of this agreement,
exercise of option or sale or transfer of Shares. 
 Applicable law: This agreement shall be governed by the laws of the Province of
Quebec and the laws of Canada applicable therein. 
  

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 No further rights: This agreement shall not entitle Filippo Recami to be re-elected to the Board
or to continue in the employment of any related corporation of Birks. 
 Source of option: The option described in this agreement and
any Shares acquired pursuant to its exercise shall not be governed by Birks Employee Stock Option Plan established effective May 1, 1997. 
 Language: Les parties aux présentes ont exigé que cette convention soit redigée en anglais. The parties hereto have required that this agreement be written in English. 
  

									
			
	

	 		 	

	Henry Birks & Sons Inc.	 		 	Filippo Recami
	Per:	 	 Dr. Lorenzo Rossi di Montelera,
 Chairman
	 		 		 	

  

 3Stock Option Agreement dated on or about November 2, 1999 with Gerald Berclaz

 Exhibit 4.46 
 

 
 STOCK OPTION AGREEMENT 
  

			
	BETWEEN	  	 HENRY BIRKS & SONS INC.
 a company duly
incorporated according to the laws of Canada, having its head office at 1240 Phillips Square, Montreal, (Quebec) (hereinafter referred to as “Birks”);

		
	AND	  	GÉRALD BERCLAZ

 Whereas Gérald Berclaz is a director of Iniziativa SA Luxembourg, a related company
of Birks; 
 Whereas Gérald Berclaz is member of the Development Committee of Birks; 
 Whereas it is in the best interest of Birks to encourage a sense of proprietorship on the part of Gérald Berclaz and to induce him to
continue in the service of a corporation related to Birks; 
 Now therefore the parties have agreed as follows: 
 Grant of Options: Birks hereby grants to Gérald Berclaz an option to acquire 16,667 non-voting common Shares (“Shares”) in the
capital stock of Birks upon the following terms and conditions 
 These options shall vest over a period of time as follows: 
 8,334 are vested immediately, 
 4,167 will vest on June 30, 2000, and 
 4,166 will vest on June 30, 2001

 Exercise Price: The exercise price shall be an amount equal to CDN$6.25 per Share, which the parties together with the auditors of
Birks have determined to be the fair market value for such Shares on the date of the award (the “Exercise Price”) It is agreed that the Exercise Price has been determined on the basis of the current number of issued and outstanding shares
being 6,313,618 common shares. 
 Reorganization of share capital of Birks: In the event of a reorganization of the capital stock of
Birks or if its Shares are subdivided, consolidated, converted, reclassified or split or any other action of a similar nature affecting the Shares is taken by Birks, then the option and the Exercise Price shall be adjusted accordingly. 

Henry Birks et Fils Inc. • Henry Birks & Sons Inc. 

 Option period: Unless otherwise provided in this agreement, the option shall be exercisable in
whole or in part at any time prior to June 30, 2008 (the “Option Period”). 
 Cessation of Employment: If Gérald
Berclaz ceases to act as a member of Birks’s Committee(s) prior to the end of the Option Period other than by reason of Death, Disability or Retirement, the option then held by Gérald Berclaz shall remain exercisable, to the extent that
it was exercisable at the time of such cessation, for a period of 6 months from the date of such cessation but no later than the end of the Option Period, and thereafter the option shall expire. 
 Disability: If Gérald Berclaz ceases to act as a member of Birks’s Committee(s) prior the end of the Option Period by reason of
Disability, the option then held by Gérald Berclaz shall remain exercisable, to the extent that it was exercisable at the time of Disability, for a period of 6 months from the date of Disability, but no later than the end of the Option
Period, and thereafter the option shall expire. For the purpose of this agreement Disability means a physical or mental impairment sufficient to make the individual eligible for benefits under a long-term disability program. 
 Retirement: If Gérald Berclaz ceases to act as a member of Birks’s Committee(s) prior the end of the Option Period by reason of
Retirement, the option then held by Gérald Berclaz shall remain exercisable, to the extent that it was exercisable at the time of Retirement, for a period of 6 months from the date of Retirement, but no later than the end of the Option
Period, and thereafter the option shall expire. For the purpose of this agreement Retirement means termination after the age of 60 years if Gérald Berclaz is then entitled to a pension fund or a retirement program. 
 Death: If Gérald Berclaz ceases to act as a member of Birks’s Committee(s) prior the end of the Option Period by reason of Death, the
option then held by Gérald Berclaz shall remain exercisable by his estate, to the extent that it was exercisable at the time of his Death, for a period of 6 months from the date of Death, but no later than the end of the Option Period, and
thereafter the option shall expire. 
 Brokerage fees upon transfer: Gérald Berclaz shall be responsible for the payment of any
brokerage fees in respect of the sale or transfer of Share acquired as a result of exercising the option hereby granted. 
 Responsibility
for tax: Birks shall not be responsible for any tax which may be payable by Gérald Berclaz as a consequence of this agreement, exercise of option, or sale or transfer of Shares. 
 Applicable law: This agreement shall be governed by the laws of the Province of Quebec and the laws of Canada applicable therein. 
 No further rights: This agreement shall not entitle Gérald Berclaz to be re-elected to the Birks Committee or to continue in the employment
of any related corporation of Birks. 
  

 2 

 Source of option: The option described in this agreement and any Shares acquired pursuant to its
exercise shall not be governed by Birks Employee Stock Option Plan established effective May 1, 1997. 
 Language: Les parties
aux présentes ont exigé que cette convention soit redigée en anglais. The parties hereto have required that this agreement be written in English 
  

					
			
	

	 		 	

	 Henry Birks & Sons Inc.
 Per: Dr. Lorenzo Rossi di
Montelera, Chairman
	 		 	Gérald Berclaz

  

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