Document:

H.B. Fuller Company 2009 Director Stock Incentive Plan

 Exhibit 10.2 
 H.B. FULLER COMPANY 
 2009 DIRECTOR STOCK INCENTIVE PLAN 
 Section 1. Purpose. 
 The purpose of the Plan is
to aid in attracting and retaining directors capable of assuring the future success of the Company, to offer the directors incentives to put forth maximum efforts for the success of the Company’s business and to afford the directors an
opportunity to acquire a proprietary interest in the Company. 
 Section 2. Definitions. 
 As used in the Plan, the following terms shall have the meanings set forth below: 
 (a) “Affiliate” shall mean (i) any entity that, directly or indirectly through one or more intermediaries, is controlled by the Company
and (ii) any entity in which the Company has a significant equity interest, as determined by the Committee. 
 (b) “Award”
shall mean any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Award, Dividend Equivalent, Stock Award or Other Stock-Based Award granted under the Plan. 
 (c) “Award Agreement” shall mean any written agreement, contract or other instrument or document evidencing an Award granted under the Plan. An
Award Agreement may be in an electronic medium and need not be signed by a representative of the Company or the Participant. Each Award Agreement shall be subject to the applicable terms and conditions of the Plan and any other terms and conditions
(not inconsistent with the Plan) determined by the Committee. 
 (d) “Board” shall mean the Board of Directors of the Company.

 (e) “Change in Control” shall have the meaning ascribed to such term in an Award Agreement or any other applicable agreement
between the Participant and the Company. 
 (f) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time,
and any regulations promulgated thereunder. 
 (g) “Committee” shall mean the Compensation Committee of the Board or such other
committee of directors as may be designated by the Board to administer the Plan. The Committee shall be comprised of not less than such number of directors as shall be required to permit Awards granted under the Plan to qualify under Rule 16b-3, and
each member of the Committee shall be a “Non-Employee Director” within the meaning of Rule 16b-3. 
  

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 (h) “Company” shall mean H.B. Fuller Company, a Minnesota corporation, or any successor
corporation. 
 (i) “Dividend Equivalent” shall mean any right granted under Section 5(e) of the Plan. 
 (j) “Eligible Person” shall mean any director of the Company who is not an employee of the Company or any Affiliate of the Company. 

(k) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 (l) “Fair Market Value” shall mean, with respect to any property (including, without limitation, any Shares or other securities), the fair
market value of such property determined by such methods or procedures as shall be established from time to time by the Committee. Notwithstanding the foregoing, unless otherwise determined by the Committee, the Fair Market Value of Shares on a
given date for purposes of the Plan shall be the closing sale price of the Shares on the New York Stock Exchange as reported in the consolidated transaction reporting system on such date or, if the New York Stock Exchange is not open for trading on
such date, on the most recent preceding date when the New York Stock Exchange is open for trading. 
 (m) “Option” shall mean an
option granted under Section 5(a) of the Plan that is not intended to qualify as an incentive stock option under Section 422 of the Code or any successor provision. 
 (n) “Other Stock-Based Award” shall mean any right granted under Section 5(g) of the Plan. 
 (o) “Participant” shall mean an Eligible Person designated to be granted an Award under the Plan. 
 (p) “Performance Award” shall mean any right granted under Section 5(d) of the Plan. 
 (q) “Person” shall mean any individual or entity, including a corporation, partnership, limited liability company, association, joint venture
or trust. 
 (r) “Plan” shall mean this H.B. Fuller 2009 Director Stock Incentive Plan, as amended from time to time. 

(s) “Restricted Stock” shall mean any Share granted under Section 5(c) of the Plan. 
 (t) “Restricted Stock Unit” shall mean any unit granted under Section 5(c) of the Plan evidencing the right to receive a Share (or a cash
payment equal to the Fair Market Value of a Share) at some future date. 
 (u) “Rule 16b-3” shall mean Rule 16b-3 promulgated by
the Securities and Exchange Commission under the Exchange Act or any successor rule or regulation. 
  

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 (v) “Section 409A” shall mean Section 409A of the Code, or any successor provision, and
applicable Treasury Regulations and other applicable guidance thereunder. 
 (w) “Shares” shall mean shares of Common Stock, par
value $1.00 per share, of the Company or such other securities or property as may become subject to Awards pursuant to an adjustment made under Section 4(c) of the Plan. 
 (x) “Stock Appreciation Right” shall mean any right granted under Section 5(b) of the Plan. 
 (y) “Stock Award” shall mean any Share granted under Section 5(f) of the Plan. 
 Section 3. Administration. 
 The Plan shall be
administered by the Committee. Subject to the terms of the Plan and applicable law, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to each
Participant under the Plan; (iii) determine the number of Shares to be covered by (or the method by which payments or other rights are to be calculated in connection with) each Award; (iv) determine the terms and conditions of any Award or
Award Agreement; (v) amend the terms and conditions of any Award or Award Agreement, provided, however, that, except as otherwise provided in Section 4(c) hereof, the Committee shall not reprice, adjust or amend the exercise price of
Options or the grant price of Stock Appreciation Rights previously awarded to any Participant, whether through amendment, cancellation and replacement grant, or any other means; (vi) accelerate the exercisability of any Award or the lapse of
restrictions relating to any Award; (vii) determine whether, to what extent and under what circumstances Awards may be exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited or suspended;
(viii) determine whether, to what extent and under what circumstances cash, Shares, other securities, other Awards, other property and other amounts payable with respect to an Award under the Plan shall be deferred either automatically or at
the election of the holder of the Award or the Committee; (ix) interpret and administer the Plan and any instrument or agreement, including any Award Agreement, relating to the Plan; (x) establish, amend, suspend or waive such rules and
regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (xi) make any other determination and take any other action that the Committee deems necessary or desirable for the administration
of the Plan. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations and other decisions under or with respect to the Plan or any Award or Award Agreement shall be within the sole discretion of the
Committee, may be made at any time and shall be final, conclusive and binding upon any Participant and any holder or beneficiary of any Award or Award Agreement. 
 Section 4. Shares Available for Awards. 
 (a) Shares Available. Subject to adjustment as provided in
Section 4(c), the number of Shares available for granting Awards under the Plan shall be 300,000. Shares issued pursuant to the Plan may be either from the authorized but unissued Shares or from Shares reacquired by the Company, including
Shares purchased in the open market. If any Shares covered by an Award or to which an Award relates are not purchased by the Participant or are forfeited, or if an 

  

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Award otherwise terminates without delivery of any Shares, then the number of Shares counted against the aggregate number of Shares available under the Plan
with respect to such Award, to the extent of any such forfeiture or termination, shall again be available for granting Awards under the Plan. Shares that are used by a Participant as full or partial payment to the Company of the purchase price of
Shares acquired upon exercise of an Option or Other Stock-Based Award involving a purchase right granted pursuant to the Plan shall not be available for granting Awards. 
 (b) Accounting for Awards. For purposes of this Section 4, if an Award entitles the holder thereof to receive or purchase Shares, the number of Shares covered by such Award or to which such Award relates
shall be counted on the date of grant of such Award against the aggregate number of Shares available for granting Awards under the Plan. For Stock Appreciation Rights settled in Shares upon exercise, the aggregate number of Shares with respect to
which the Stock Appreciation Right is exercised, rather than the number of Shares actually issued upon exercise, shall be counted against the number of Shares available for Awards under the Plan. Awards that do not entitle the holder thereof to
receive or purchase Shares and Awards that are settled in cash shall not be counted against the aggregate number of Shares available for Awards under the Plan. 
 (c) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar
corporate transaction or event affects the Shares such that an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such
manner as it may deem equitable, adjust any or all of (i) the number and type of Shares (or other securities or other property) which thereafter may be made the subject of Awards, (ii) the number and type of Shares (or other securities or
other property) subject to outstanding Awards and (iii) the purchase or exercise price with respect to any Award; provided, however, that the number of Shares covered by any Award or to which such Award relates shall always be a whole number.

 Section 5. Awards. 
 (a)
Options. The Committee is hereby authorized to grant Options to Eligible Persons with the following terms and conditions and with such additional terms and conditions not inconsistent with the provisions of the Plan as the Committee shall
determine: 
 (i) Exercise Price. The purchase price per Share purchasable under an Option shall be determined by the
Committee; provided, however, that such purchase price shall not be less than 100% of the Fair Market Value of a Share on the date of grant of such Option. 
 (ii) Option Term. The term of each Option shall be fixed by the Committee. 
  

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 (iii) Time and Method of Exercise. The Committee shall determine the time or times
at which an Option may be exercised in whole or in part and the method or methods by which, and the form or forms (including, without limitation, cash, Shares, other securities, other Awards or other property, or any combination thereof, having a
Fair Market Value on the exercise date equal to the applicable exercise price) in which, payment of the exercise price with respect thereto may be made or deemed to have been made. 
 (b) Stock Appreciation Rights. The Committee is hereby authorized to grant Stock Appreciation Rights to Eligible Persons subject to the terms of
the Plan and any applicable Award Agreement. A Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right to receive upon exercise thereof the excess of (i) the Fair Market Value of one Share on the date of
exercise (or, if the Committee shall so determine, at any time during a specified period before or after the date of exercise) over (ii) the grant price of the Stock Appreciation Right as specified by the Committee, which price shall not be
less than 100% of the Fair Market Value of one Share on the date of grant of the Stock Appreciation Right. Subject to the terms of the Plan and any applicable Award Agreement, the grant price, term, methods of exercise, dates of exercise, methods of
settlement and any other terms and conditions of any Stock Appreciation Right shall be as determined by the Committee. The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right as it may deem
appropriate. 
 (c) Restricted Stock and Restricted Stock Units. The Committee is hereby authorized to grant Awards of Restricted
Stock and Restricted Stock Units to Eligible Persons with the following terms and conditions and with such additional terms and conditions not inconsistent with the provisions of the Plan as the Committee shall determine: 
 (i) Restrictions. Shares of Restricted Stock and Restricted Stock Units shall be subject to such restrictions as the Committee may
impose (including, without limitation, any limitation on the right to vote a Share of Restricted Stock or the right to receive any dividend or other right or property with respect thereto), which restrictions may lapse separately or in combination
at such time or times, in such installments or otherwise as the Committee may deem appropriate. 
 (ii) Issuance and
Delivery of Shares. Any Restricted Stock granted under the Plan shall be issued at the time such Awards are granted and may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of a
stock certificate or certificates, which certificate or certificates shall be held by the Company. Such certificate or certificates shall be registered in the name of the Participant and shall bear an appropriate legend referring to the restrictions
applicable to such Restricted Stock. Shares representing Restricted Stock that is no longer subject to restrictions shall be delivered to the Participant promptly after the applicable restrictions lapse or are waived. In the case of Restricted Stock
Units, no Shares shall be issued at the time such Awards are granted. Upon the lapse or waiver of restrictions and the restricted period relating to Restricted Stock Units evidencing the right to receive Shares, such Shares shall be issued and
delivered to the holder of the Restricted Stock Units. 
  

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 (iii) Forfeiture. Except as otherwise determined by the Committee, upon a
Participant’s resignation or removal as a director (in either case, as determined under criteria established by the Committee) during the applicable restriction period, all Shares of Restricted Stock and all Restricted Stock Units held by the
Participant at such time shall be forfeited and reacquired by the Company; provided, however, that the Committee may, when it finds that a waiver would be in the best interest of the Company, waive in whole or in part any or all remaining
restrictions with respect to Shares of Restricted Stock or Restricted Stock Units. 
 (d) Performance Awards. The Committee is hereby
authorized to grant Performance Awards to Eligible Persons subject to the terms of the Plan and any applicable Award Agreement. A Performance Award granted under the Plan (i) may be denominated or payable in cash, Shares (including, without
limitation, Restricted Stock and Restricted Stock Units), other securities, other Awards or other property and (ii) shall confer on the holder thereof the right to receive payments, in whole or in part, upon the achievement of such performance
goals during such performance periods as the Committee shall establish. Subject to the terms of the Plan and any applicable Award Agreement, the performance goals to be achieved during any performance period, the length of any performance period,
the amount of any Performance Award granted, the amount of any payment or transfer to be made pursuant to any Performance Award and any other terms and conditions of any Performance Award shall be determined by the Committee. 
 (e) Dividend Equivalents. The Committee is hereby authorized to grant to Eligible Persons Dividend Equivalents under which the Participant shall
be entitled to receive payments (in cash, Shares, other securities, other Awards or other property as determined in the discretion of the Committee) equivalent to the amount of cash dividends paid by the Company to holders of Shares with respect to
a number of Shares determined by the Committee. Subject to the terms of the Plan and any applicable Award Agreement, such Dividend Equivalents may have such terms and conditions as the Committee shall determine. Notwithstanding the foregoing, the
Committee may not grant Dividend Equivalents to Eligible Persons in connection with grants of Options or Stock Appreciation Rights to such Eligible Persons. 
 (f) Stock Awards. The Committee is hereby authorized to grant to Eligible Persons Shares without restrictions thereon, as deemed by the Committee to be consistent with the purpose of the Plan. Subject to the
terms of the Plan and any applicable Award Agreement, such Stock Awards may have such terms and conditions as the Committee shall determine. 
 (g) Other Stock-Based Awards. The Committee is hereby authorized to grant to Eligible Persons such other Awards that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to,
Shares (including, without limitation, securities convertible into Shares), as are deemed by the Committee to be consistent with the purpose of the Plan. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall
determine the terms and conditions of such Awards. Shares or other securities delivered pursuant to a purchase right granted under this Section 5(g) shall be purchased for such consideration, which may be paid by such method or methods and in
such form or forms (including, without limitation, cash, Shares, other securities, other Awards or other property, or any combination thereof), as the Committee shall determine. 
  

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 (h) General. 
 (i) Consideration for Awards. Awards may be granted for no cash consideration or for any cash or other consideration as may be
determined by the Committee or required by applicable law. 
 (ii) Awards May Be Granted Separately or Together. Awards
may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with or in substitution for any other Award or any award granted under any plan of the Company or any Affiliate other than the Plan. Awards granted in
addition to or in tandem with other Awards or in addition to or in tandem with awards granted under any such other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other
Awards or awards. 
 (iii) Forms of Payment under Awards. Subject to the terms of the Plan and any applicable Award
Agreement, payments or transfers to be made by the Company or an Affiliate upon the grant, exercise or payment of an Award may be made in such form or forms as the Committee shall determine (including, without limitation, cash, Shares, other
securities, other Awards or other property, or any combination thereof) and may be made in a single payment or transfer, in installments or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such
rules and procedures may include, without limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents with respect to installment or deferred
payments. 
 (iv) Limits on Transfer of Awards. No Award (other than a Stock Award) and no right under any such Award
shall be transferable by a Participant other than by will or by the laws of descent and distribution; provided, however, that, if so determined by the Committee, a Participant may, in the manner established by the Committee, designate a beneficiary
or beneficiaries to exercise the rights of the Participant and receive any property distributable with respect to any Award upon the death of the Participant. Each Award or right under any Award shall be exercisable during the Participant’s
lifetime only by the Participant or, if permissible under applicable law, by the Participant’s guardian or legal representative. No Award (other than a Stock Award) or right under any such Award may be pledged, alienated, attached or otherwise
encumbered, and any purported sale, transfer, pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable against the Company or any Affiliate. 
 (v) Term of Awards. The term of each Award shall be for such period as may be determined by the Committee. 
 (vi) Restrictions; Securities Exchange Listing. All Shares or other securities delivered under the Plan pursuant to any Award or
the exercise thereof shall be subject to such restrictions as the Committee may deem advisable under the Plan, applicable federal or state securities laws and regulatory requirements, and the Committee may cause appropriate entries to be made or
legends to be placed on the certificates for such Shares or other securities to reflect such restrictions. If the Shares or other securities are traded 

  

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on a securities exchange, the Company shall not be required to deliver any Shares or other securities covered by an Award unless and until such Shares or
other securities have been admitted for trading on such securities exchange. 
 (vii) Section 409A Provisions.
Notwithstanding anything in the Plan or any Award Agreement to the contrary, to the extent that any amount or benefit that constitutes “deferred compensation” to a Participant under Section 409A of the Code and applicable guidance
thereunder is otherwise payable or distributable to a Participant under the Plan or any Award Agreement solely by reason of the occurrence of a Change in Control or due to the Participant’s disability or “separation from service” (as
such term is defined under Section 409A), such amount or benefit will not be payable or distributable to the Participant by reason of such circumstance unless the Committee determines in good faith that (i) the circumstances giving rise to
such Change in Control, disability or separation from service meet the definition of a change in ownership or control, disability, or separation from service, as the case may be, in Section 409A(a)(2)(A) of the Code and applicable proposed or
final regulations, or (ii) the payment or distribution of such amount or benefit would be exempt from the application of Section 409A by reason of the short-term deferral exemption or otherwise. 
 Section 6. Amendment and Termination; Corrections. 
 (a) Amendments to the Plan. The Board may amend, alter, suspend, discontinue or terminate the Plan at any time; provided, however, that, notwithstanding any other provision of the Plan or any Award Agreement, prior approval of the
shareholders of the Company shall be required for any amendment to the Plan that: 
 (i) requires shareholder approval under
the rules or regulations of the Securities and Exchange Commission, the New York Stock Exchange, the National Association of Securities Dealers, Inc. or any other securities exchange that are applicable to the Company; 
 (ii) increases the number of shares authorized under the Plan as specified in Section 4(a) of the Plan; 
 (iii) permits repricing of Options or Stock Appreciation Rights which is prohibited by Section 3(a)(v) of the Plan; and 

(iv) permits the award of Options or Stock Appreciation Rights at a price less than 100% of the Fair Market Value of a Share on the
date of grant of such Option or Stock Appreciation Right, contrary to the provisions of Sections 5(a)(i) and 5(b)(ii) of the Plan. 
 (b)
Amendments to Awards. Subject to the provisions of the Plan, the Committee may waive any conditions of or rights of the Company under any outstanding Award, prospectively or retroactively. Except as otherwise provided in the Plan, the
Committee may amend, alter, suspend, discontinue or terminate any outstanding Award, prospectively or retroactively, but no such action may adversely affect the rights of the holder of such Award without the consent of the Participant or holder or
beneficiary thereof. The Company intends 

  

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that Awards under the Plan shall satisfy the requirements of Section 409A to avoid any adverse tax results thereunder, and the Committee shall
administer and interpret the Plan and all Award Agreements in a manner consistent with that intent. If any provision of the Plan or an Award Agreement would result in adverse tax consequences under Section 409A, the Committee may amend that
provision (or take any other action reasonably necessary) to avoid any adverse tax results and no action taken to comply with Section 409A shall be deemed to impair or otherwise adversely affect the rights of any holder of an Award or
beneficiary thereof. 
 (c) Correction of Defects, Omissions and Inconsistencies. The Committee may correct any defect, supply any
omission or reconcile any inconsistency in the Plan or in any Award or Award Agreement in the manner and to the extent it shall deem desirable to implement or maintain the effectiveness of the Plan. 
 Section 7. General Provisions. 
 (a) No Rights
to Awards. No Eligible Person, Participant or other Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Eligible Persons, Participants or holders or beneficiaries of
Awards under the Plan. The terms and conditions of Awards need not be the same with respect to any Participant or with respect to different Participants. 
 (b) Award Agreements. No Participant shall have rights under an Award granted to such Participant unless and until an Award Agreement shall have been duly executed on behalf of the Company and, if requested by
the Company, signed by the Participant, or until such Award Agreement is delivered and accepted through any electronic medium in accordance with procedures established by the Company. 
 (c) No Rights of Shareholders. Except with respect to Restricted Stock and Stock Awards, neither a Participant nor the Participant’s legal
representative shall be, or have any of the rights and privileges of, a shareholder of the Company with respect to any Shares issuable upon the exercise or payment of any Award, in whole or in part, unless and until the Shares have been issued.

 (d) No Limit on Other Compensation Plans or Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate
from adopting or continuing in effect other or additional compensation plans or arrangements, and such plans or arrangements may be either generally applicable or applicable only in specific cases. 
 (e) No Right to Directorship. The grant of an Award shall not be construed as giving a Participant the right to be retained as a director.

 (f) Governing Law. The internal law, and not the law of conflicts, of the State of Minnesota will govern all questions concerning
the validity, construction and effect of the Plan or any Award and any rules and regulations relating to the Plan or any Award. 
 (g)
Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such
provision shall be 

  

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construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee,
materially altering the purpose or intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction or Award, and the remainder of the Plan or any such Award shall remain in full force and effect. 
 (h) No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a
fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any Affiliate. 
 (i) No Fractional Shares. No fractional
Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash shall be paid in lieu of any fractional Share or whether such fractional Share and any rights thereto shall be canceled, terminated
or otherwise eliminated. 
 (j) Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to
facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 
 Section 8. Effective Date of the Plan. 
 The Plan shall be effective as of the date of its approval by the shareholders
of the Company. 
 Section 9. Term of the Plan. 
 Awards shall only be granted under the Plan during a 10-year period beginning on the effective date of the Plan. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award
theretofore granted may extend beyond the end of such 10-year period, and the authority of the Committee provided for hereunder with respect to the Plan and any Awards, and the authority of the Board of the Company to amend the Plan, shall extend
beyond the end of such period. 
 Adopted by the Board on December 4, 2008, subject to and effective upon shareholder approval. 
  

 10Employment Agreement

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement (the “Agreement”) is
entered into by and between Perry Ellis International, Inc. (“Perry Ellis” or “the Company”) and Stephen Harriman (“Harriman”). 
 WHEREAS, Perry Ellis desires to retain the services of Harriman in an executive capacity with such duties and responsibilities as may be assigned from time to time by Perry Ellis; and 
 WHEREAS, Perry Ellis and Harriman mutually desire to set forth the terms and conditions associated with Harriman’s employment and the terms that
will apply in the event the employment relationship between Perry Ellis and Harriman is terminated for any reason; 
 NOW, THEREFORE, Perry
Ellis and Harriman have agreed to the following: 
 1. Term of Employment. This Agreement is effective as of May 1, 2009 (the “Effective
Date”). This Agreement is for a term of two (2) years and will terminate without further notice at 5:00 p.m. on the day preceding the second anniversary of this Agreement, unless terminated earlier in accordance with the provisions set
forth herein. The parties may renew this Agreement, in writing, for additional one-year periods at their discretion. 
 2. Duties and
Responsibilities. The Company agrees to employ Harriman as President of the Company’s Bottoms Division with such powers and duties in this capacity as may be established from time to time by the Company and/or its Board of Directors in its
discretion. Harriman shall diligently perform all services as may be assigned to him by the Company and shall exercise such power and authority as may from time to time be delegated to him. During his employment, Harriman will not engage in any
other business activities without the consent of Perry Ellis and such consent will not be unreasonably withheld. In connection with his employment by the Company, Harriman shall be based at the Company’s principal executive offices in Miami,
Florida except for required travel on the Company’s business. 
 3. Compensation. 
 (a) Base Salary. Perry Ellis promises to continue to pay Harriman’s base salary in effect on the Effective Date hereof up to and
including May 31, 2009. Effective June 1, 2009, Perry Ellis will pay Harriman a Base Salary at an annualized rate of Five Hundred Thousand Dollars ($500,000.00). Perry Ellis may, at its sole discretion, increase Harriman’s Base Salary
on or after the first anniversary of this Agreement. Any such increase shall be based upon Perry Ellis’ subjective evaluation of Harriman’s job performance during the first year of this Agreement. The Base Salary payable under this
Paragraph 3.a shall be subject to applicable tax and other deductions, and shall be payable in installments according to the Company’s normal payroll practices. 

 (b) Incentive Compensation. Harriman shall be eligible to participate in the Company’s
Management Incentive Program (hereinafter, “MIP”). The amount and method of payment of any compensation paid to Harriman shall be determined in accordance with the applicable terms of the MIP. 
 (c) Other Benefits. Harriman will be entitled to participate in any group leave of absence, health, dental, life or disability plan and is
entitled to any other benefits that the Company may maintain from time to time for all employees, provided that Harriman meets the respective eligibility requirements. Vacation, personal leave and sick leave are based on Company policies.

 (d) Expense Reimbursement. During Harriman’s term of employment, the Company, upon the submission of supporting
documentation by Harriman, and in accordance with Company policies for its executives, shall reimburse Harriman for all reasonable expenses actually paid or incurred by Harriman in the course of and pursuant to the business of the Company, including
expenses for travel and entertainment. 
 4. Harriman’s Death or Inability to Perform. In the event of Harriman’s death, this Agreement and
the Company’s obligation to pay Harriman’s salary and compensation automatically end. If Harriman becomes unable to perform his employment duties during the Term of this Agreement, and if Harriman has exhausted any accrued vacation, sick
or personal leave under the Company’s policies and procedures, then Harriman’s compensation under this Agreement shall automatically end until such time as Harriman becomes able to resume his job duties for the Company, except to the
extent Harriman is eligible for further compensation under any group benefit plan sponsored by the Company. In the event that Harriman becomes unable to perform his employment duties for a cumulative period of six months within any span of twelve
months, this Agreement and Harriman’s employment will be automatically terminated. 
 5. Termination Of Employment By Perry Ellis For Cause.
Perry Ellis may terminate this Agreement and Harriman’s employment “for Cause” at any time with or without notice. As used herein, “for Cause” shall mean any one of the following: 
  

	 	•	 	 Harriman’s habitual neglect of his job duties and responsibilities; or 

  

	 	•	 	 Commission of any crime, excluding minor traffic offenses; or 

  

	 	•	 	 Commission of an act of dishonesty or breach of a fiduciary duty; or 

  

	 	•	 	 Commission of a serious violation of any of Perry Ellis’ personnel policies, including but not limited to violations of Perry Ellis policies against any form
of harassment; or 

  

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	 	•	 	 Any material act or omission defined as grounds for termination of employees as set forth in Perry Ellis’ personnel policies in existence at the time, provided
that Harriman has failed to cure such material act or omission within thirty (30) days after written notice thereof; or 

  

	 	•	 	 A material breach of this Agreement. 

 In the event
Perry Ellis terminates Harriman’s employment and this Agreement for Cause, Harriman shall be entitled to the installment portion of his Base Salary accrued as of Harriman’s last day of employment and no other compensation or severance pay
whatsoever. 
 6. Termination Of Employment By Perry Ellis Without Cause. Perry Ellis may terminate this Agreement and Harriman’s employment
without Cause at any time and with or without notice. In such case, Perry Ellis shall pay Harriman the installment portion of his Base Salary accrued as of Harriman’s last day of employment and no other compensation. Harriman shall also be paid
a severance allowance equal to six (6) months of Harriman’s then-current annualized Base Salary, less taxes and other applicable withholding amounts. The severance payment provided in this paragraph shall be made in equal installments over
a period of six (6) months. Harriman shall not be entitled to any other compensation or employee benefits during the period of time during which he is receiving severance pay. Harriman will be required to execute a full waiver and release of
all claims in the form prescribed by Perry Ellis, including but not limited to a reaffirmation of the restrictive covenants set forth in this Agreement as a precondition to receiving the severance pay under this paragraph. 
 7. Termination Of Employment By Harriman. Harriman promises that he will not terminate his employment with Perry Ellis without Good Reason as defined herein. In
the event Harriman intends to terminate this Agreement for Good Reason, he agrees to provide sixty (60) days prior written notice to Perry Ellis’ Chief Executive Officer, during which period of time Perry Ellis may or may not, at its
discretion, cure any Good Reason for Harriman’s termination. Perry Ellis may, at its discretion, require Harriman to depart from Perry Ellis at any time during such sixty (60) day period upon receiving said sixty (60) days notice from
Harriman of the termination of the Agreement. Harriman shall be entitled to payment of his Base Salary accrued and payable up to Harriman’s last day of employment and no other compensation. 
 “Good Reason” means, without Harriman’s written consent: (i) a material diminution of Harriman’s titles, duties or
responsibilities or the assignment of duties or responsibilities that are materially inconsistent with his titles, duties and responsibilities hereunder; or (ii) a reduction in Harriman’s base salary, annual bonus or incentive
compensation opportunity (it being understood that a reduction in the dollar amount of Harriman’s annual bonus from year to year solely as the result of achievement or failure to achieve the target performance objectives provided in the annual
bonus plan shall not constitute a reduction in Harriman’s annual bonus opportunity); or (iii) “Good Reason” after a Change In Control as those terms are defined in Paragraph 8 hereof. 
  

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 8. Change In Control. In the event that, within the 12 month period following a Change in Control (as herein
defined), Harriman’s employment is terminated by Perry Ellis or its successor other than for Cause (as defined in Paragraph 5), or Harriman terminates his employment for Good Reason (as herein defined), Harriman shall be entitled to a severance
payment in the aggregate amount of twelve (12) months of his then-current base salary, plus an amount equal to a pro rata portion of any incentive compensation under Perry Ellis’ Management Incentive Plan that would have been payable to
Harriman for that fiscal year. In order to receive the benefits described in this Paragraph 8, Harriman shall be required to execute a waiver of claims and general release in the form prescribed by Perry Ellis, including but not limited to a
reaffirmation of the restrictive covenants set forth in this Agreement as a precondition to receiving the severance pay under this paragraph. 
 For purposes of this Paragraph 8, the term “Change in Control” shall mean the occurrence of any of the following events: 
  

	 	1.	the acquisition by any person, entity or “group” (as defined in section 13(d) of the Exchange Act)(other than (x) any subsidiary or affiliate of Perry Ellis or
(y) any entity owned, directly or indirectly, 50% or more by Perry Ellis International, Inc. or (z) any employee benefit plan of any such entity) through one transaction or a series of related transactions of 50% or more of the combined
voting power of the then outstanding voting securities of Perry Ellis; 

  

	 	2.	The liquidation or dissolution of Perry Ellis (other than a dissolution occurring upon a corporate reorganization, such as a merger or consolidation of Perry Ellis with one of its
affiliates); or 

  

	 	3.	The sale, transfer or other disposition of all or substantially all of the assets of Perry Ellis through one transaction or a series of related transactions to one or more persons
or entities that are not, immediately prior to such sale, transfer or other disposition, affiliates of Perry Ellis. 

 “Good Reason”
means, without Harriman’s written consent: (i) a reduction of at least 5% in any one, or combination of, the following: his base salary and/or incentive compensation opportunity (it being understood that a reduction in the dollar
amount of Harriman’s annual bonus from year to year solely as the result of achievement or failure to achieve the target performance objectives provided in the annual bonus plan shall not constitute a reduction in Harriman’s incentive
compensation opportunity); (ii) material failure to provide Harriman the same level of fringe benefits generally available to employees on the Effective Date of 

  

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this Agreement or anytime thereafter if the fringe benefits are enhanced; and/or (iii) requiring Harriman’s principal place of business to
be located other than Miami-Dade County, Florida. 
 The benefits provided to Harriman under this Paragraph 8 shall be in lieu of, and not in addition to,
any benefits provided under any other paragraph of this Agreement. 
 9. Cooperation. Upon the termination of this Agreement for any reason,
Harriman agrees to cooperate with Perry Ellis in effecting a smooth transition of the management of Perry Ellis with respect to the duties and responsibilities which Harriman performed for Perry Ellis. 
 10. Covenant Not To Compete. 
 (a) During the term of
his employment (whether under this Agreement or otherwise) and for a period of six (6) months following the termination of Harriman’s employment (for any reason, whether initiated by Harriman or Perry Ellis), Harriman promises and agrees
that he will not enter into any employment or other agency relationship (whether as a principal, agent, partner, employee, investor, owner, consultant, board member or otherwise) with any of the following business organizations, or their affiliated
organizations, if any: (1) Haggar Clothing Co. and any of its subsidiaries and divisions; (2) Liz Claiborne, Inc. and any of its divisions and subsidiaries.; (3) Phillips-Van Heusen Corporation and any subsidiaries and divisions;
(4) Kenneth Cole Productions, Inc. and any subsidiaries and divisions; (5) The Donna Karan Company, Donna Karan New York (DKNY) or any subsidiaries, divisions or affiliates; (6) Kellwood Company and any of its subsidiaries and
divisions; (7) Oxford Corp. and any of its subsidiaries and divisions; (8) VF Corporation and any of its divisions and subsidiaries; (9) Federated Department Stores, Inc. and any divisions and subsidiaries; (10) Kohl’s
Corporation and any subsidiaries and divisions; (11) J.C. Penney Company, Inc. and any of its divisions and subsidiaries; (12) Carson Pirie Scott and/or The Bon-Ton Stores, Inc. and any of its subsidiaries and divisions; (13) Walmart
Stores, Inc. and any of its subsidiaries and divisions; (14) Gap Inc. and any of its divisions and subsidiaries; provided, that Harriman may hold the securities and/or passively invest in shares of capital stock or other equity securities of
any such entity so long as Harriman does not acquire a controlling interest in or become a member of a group which exercises direct or indirect control of more than five percent of any class of capital stock of such entity. Harriman acknowledges
that the business entities identified in the preceding sentence are competitors of Perry Ellis and that the restrictive covenant herein is necessary to protect Perry Ellis’ legitimate business interests. 
 (b) During the term of his employment (whether under this Agreement or otherwise) and for a period of six (6) months following the termination of
Harriman’s employment (for any reason, whether initiated by Harriman or Perry Ellis), Harriman further promises and agrees that he will not, directly or indirectly, solicit or enter into any business relationship with any of Perry Ellis’
vendors, suppliers, sourcing agents, manufacturers, brokers, or any person or entity that provides Perry Ellis with goods or 

  

 5 

 
services. Harriman acknowledges that there is a competitive market for wholesale goods, raw products, and manufacturing agents and that the covenant herein
is necessary in order to protect Perry Ellis’ supply network and sourcing agents. 
 (c) These restrictive covenants may be assigned by
Perry Ellis to any successor entities. 
 11. Agreement Not To Disclose Trade Secrets Or Confidential Information. 
 (a) Trade Secrets. During the term of his employment (whether under this Agreement or otherwise) and for ten (10) years after the
termination of Harriman’s employment with Perry Ellis or any successor organization (for any reason by Harriman or Perry Ellis), Harriman promises and agrees that he will not disclose or utilize any trade secrets, confidential information, or
other proprietary information acquired during the course of his service with Perry Ellis and/or its related business entities. As used herein, “trade secret” means the whole or any portion or phase of any formula, pattern, device,
combination of devices, or compilation of information which is for use, or is used in the operation of Perry Ellis’ business and which provides Perry Ellis an advantage or an opportunity to obtain an advantage over those who do not know or use
it. “Trade Secret” also includes any scientific, technical, or commercial information, including any design, list of supplies, list of customers, or improvement thereof, as well as pricing information or methodology, contractual
arrangement with vendors or supplier, business development plans or activities, or Company financial information. 
 (b) Confidential
Information. During the term of his employment (whether under this Agreement or otherwise), and for ten (10) years after the termination of Harriman’s employment with Perry Ellis or any successor organization (for any reason,
whether initiated by Harriman or Perry Ellis), Harriman shall not divulge, communicate, use to the detriment of Perry Ellis or for the benefit of any other person or persons, or misuse in any way any Confidential Information pertaining to the
business of Perry Ellis. Any Confidential Information or Data now or hereafter acquired by Harriman with respect to the business of Perry Ellis (which shall include, but not be limited to information concerning Perry Ellis’ financial condition,
prospects, technology, customers, suppliers, methods of doing business and promotion of Perry Ellis’ products and services) shall be deemed a valuable special and unique asset of Perry Ellis that is received by Harriman in confidence and as a
fiduciary. For purposes of this Agreement, “Confidential Information” means information disclosed to Harriman as a consequence of or through his employment by Perry Ellis (including information conceived, originated, discovered or
developed by Harriman) prior to or after the date hereof and not generally known or in the public domain, about Perry Ellis or its business. 
 12.
Agreement Not To Solicit Or Hire Company Employees. If Harriman leaves the employment of Perry Ellis for any reason, Harriman promises and agrees that during the two (2) years following his departure from Perry Ellis, he will not, without
the 

  

 6 

 
express written permission of Perry Ellis, directly or indirectly employ as a consultant or employee any person who is or was employed by Perry Ellis at the
time of Harriman’s departure or any person who was an employee of Perry Ellis during the six months preceding Harriman’s departure. This restrictive covenant may be assigned to any successor entities. 
 13. Injunctive Relief. In recognition of the unique services to be performed by Harriman and the possibility that any violation by Harriman of the restrictive
covenants of this Agreement may cause irreparable or indeterminate damage or injury to Perry Ellis, Harriman expressly stipulates and agrees that Perry Ellis shall be entitled upon ten (10) days written notice to Harriman to obtain an
injunction from any court of competent jurisdiction regarding any violation or threatened violation of this Agreement. Such right to an injunction shall be in addition to, and not in limitation of, any other rights or remedies Perry Ellis may have
for actual or liquidated damages. 
 14. Judicial Modification Of Agreement. Perry Ellis and Harriman specifically agree that a court of competent
jurisdiction (or an arbitrator as appropriate) may modify or amend the restrictive covenants of this Agreement if absolutely necessary to conform with relevant law or binding judicial decisions in effect at the time Perry Ellis seeks to enforce any
or all of said provisions. 
 15. Resolution Of Disputes By Arbitration. Any claim or controversy that arises out of or relates to this Agreement, or
the breach of it, or any claim related to Harriman’s employment, will be resolved by arbitration in the City of Miami, Florida, in accordance with the rules of the American Arbitration Association. Judgment upon the award rendered may be
entered in any court possessing jurisdiction over arbitration awards. This Section shall not limit or restrict Perry Ellis’ right to obtain injunctive relief for violations of the restrictive covenants of this Agreement. 
 16. Effect Of Prior Agreements. This Agreement supersedes any prior verbal or written agreement or understanding between Perry Ellis and Harriman. 
 17. Limited Effect Of Waiver By Perry Ellis. If Perry Ellis waives a breach of any provision of this Agreement by Harriman, that waiver will not operate or be
construed as a waiver of other breaches of this Agreement by Harriman. 
 18. Severability. If any provision of this Agreement is held invalid for any
reason, said invalidity shall not affect the enforceability of any other provision of this Agreement, and all other provisions of this Agreement will remain in effect. 
 19. Assumption Of Agreement By Perry Ellis’ Successors And Assigns. At Perry Ellis’ sole option, Perry Ellis’ rights and obligations under this Agreement will inure to the benefit of and be
binding upon Perry Ellis’ successors and assigns. Harriman may not assign his rights and obligations under this Agreement. 
  

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 20. Applicable Law. Harriman and Perry Ellis agree that this Agreement shall be subject to and enforceable under
the laws of the State of Florida. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the 26th of June, 2009. 
  

							
	Agreed and Accepted	 		 		 	
				
	 /s/ Stephen Harriman
	 		 	By:	 	 /s/ Anita Britt

	Stephen Harriman	 		 	Perry Ellis International, Inc.

  

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