Document:

exv10w1

Exhibit 10.1

	 	 	 

	Notice of Grant of Stock

	 	American Eagle Outfitters, Inc.
	Options and Option Award

	 	77 Hot Metal Street
	Agreement

	 	Pittsburgh, PA 15203

 

	 	 	 	 	 	 	 

	Participant Id

	 	Plan:
	 	 	2005A	 
	Participant Name

	 	Product ID:	 	 	 	 

 

Effective <insert grant date>, you have been granted a non-qualified stock option to buy
<insert shares granted>shares of American Eagle Outfitters, Inc. stock at $<insert grant
price> per share. This option is subject to all of the terms and conditions contained in this
Notice and Agreement, the attached Terms and Conditions of Non-Qualified Stock Option, and the
terms and conditions set forth in the Company’s 2005 Stock Award and Incentive Plan, as amended and
restated on June 16, 2009 (the “Plan”).

Options for shares will vest evenly as to one third of the shares over three years on the
anniversary of the grant date and become fully exercisable on the third anniversary of the grant
date and shall remain exercisable for the period ending on the expiration date of <insert
expiration date>.

By signing below or by electronic acceptance, you agree that this option is governed by this Notice
and Agreement, and by the terms and conditions contained in the Plan, as amended from time to time,
and incorporated into this Notice and Agreement by reference.

American Eagle Outfitters, Inc.

	 	 	 	 	 

	By:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 	 	 
	Electronic Signature	 	 

 

 

TERMS AND CONDITIONS OF NON-QUALIFIED STOCK OPTION

1. Grant of Option. The Company hereby grants to Employee under the Company’s 2005 Stock
Award and Incentive Plan, as amended and restated on June 16, 2009 (the “Plan”), as a separate
incentive in connection with his or her employment and not in lieu of any salary or other
compensation for his or her services, a non-qualified stock option to purchase, on the terms and
conditions of the Plan and of this Notice and Agreement, all or any part of the number of shares
set forth on page 1 of this Notice and Agreement. The option granted hereby is not intended to be
an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986,
as amended.

2. Exercise Price. The purchase price per share shall be payable: (1) in cash or its
equivalent; or (2) at the discretion of the Committee with previously acquired shares of the
Company’s common stock, or (3) by any other means the Committee shall permit.

3. Termination of Option. Each option granted under the Plan shall terminate upon the
first to occur of the following events: (a) the date for expiration set forth on page 1 of this
Notice and Agreement; (b) immediately upon the date and time of the employee’s Termination of
Service (as defined in the Plan) for a reason other than the employee’s Death, Disability or
Retirement, unless the Committee in its sole discretion decides to extend the exercisability of the
option to not more than three (3) months from the Termination of Service; (c) the vesting of
options shall accelerate on the date of the employee’s Termination of Service by reason of Death or
Disability and shall remain exercisable for one year; or (d) on the date of the Employee’s
Termination of Service by reason of Retirement (i) for options that are exercisable upon the
termination of Employee’s employment, they shall remain exercisable for one year after the
termination of employment, and (ii) for options that are not exercisable upon the termination of
Employee’s employment, the options shall continue to vest and shall be exercisable for one year
after the vesting date when such options first become exercisable.

4. Death of Employee. To the extent exercisable after Employee’s death, the option shall
be exercised only by Employee’s designated beneficiary or beneficiaries. If Employee fails to make
an effective beneficiary designation, or if no beneficiary survives Employee, then the option shall
be exercised by the administrator or executor of the Employee’s estate.

5. Exercise of Option. The option may be exercised by the person then entitled to do so as
to any shares which may then be purchased by giving written notice of exercise to the Secretary of
the Company, specifying the number of shares to be purchased and accompanied by full payment for
the shares (including the amount of any income tax the Company determines is required to be
withheld by reason of such exercise), or by such other administrative exercise and payment
procedures as may be established by the Company from time to time.

6. Forfeiture of Award. Notwithstanding anything in this Notice and Agreement to the
contrary, the Shares represented by this Award may be forfeited in accordance with the provisions
of Section 10 of the Plan.

7. No Right to Continued Employment. Employee understands and agrees that this Notice
and Agreement does not impact in any way the right of the Company, or any Affiliate of the Company
employing Employee, to terminate or change the terms of the employment of Employee at any time for
any reason whatsoever, with or without cause. Employee understands and agrees that his or her
employment with the Company or an Affiliate is on an “at-will” basis only.

8. Addresses for Notices. Any notice to be given to the Company under the terms of this
Notice and Agreement shall be addressed to the Company, Stock Option Administrator, c/o Human
Resources, at American Eagle Outfitters, Inc., 77 Hot Metal Street, Pittsburgh, PA 15203, or at
such other address as the Company may

 

 

hereafter designate in writing. Any notice to be given to Employee shall be addressed to Employee
at the address set forth on page 1 of this Notice and Agreement, or at such other address for
Employee maintained on the books and records of the Company.

9. Non-Transferability of Option. Except as provided below, the option granted and the
rights and privileges conferred by this Notice and Agreement shall not be transferred, assigned,
pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be
subject to sale under execution, attachment or similar process, other than: (a) by will; (b) by the
laws of descent and distribution; or (c) as provided in Section 11(b) of the Plan.

10. Plan Governs. This Notice and Agreement is subject to all terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Notice and Agreement and
one or more provisions of the Plan, the provisions of the Plan shall govern. Undefined capitalized
terms used in this Notice and Agreement shall have the meanings set forth in the Plan.

11. Captions. Captions provided herein are for convenience only and are not to serve as a
basis for interpretation or construction of this Notice and Agreement.

12. Agreement Severable. In the event that any provision in this Notice and Agreement
shall be held invalid or unenforceable for any reason, such provision shall be severable from, and
such invalidity or unenforceability shall not be construed to have any effect on, the remaining
provisions of this Notice and Agreement.exv10w2

Exhibit 10.2

	 	 	 

	Notice of Grant of Restricted

	 	American Eagle Outfitters, Inc.
	Stock Units and Restricted Stock

	 	77 Hot Metal Street
	Units Award Agreement

	 	Pittsburgh, PA 15203

 

	 	 	 	 	 

	Participant ID

	 	Plan:
	 	2005A
	Participant Name

	 	Product ID:	 	 

 

Effective <insert grant date> (the “Grant Date”), you have been granted an award of
<insert shares granted> units of restricted stock (the “RSU’s”) under the American Eagle
Outfitters, Inc. 2005 Stock Award and Incentive Plan, as amended on June 16, 2009 (the “Plan”).
Each RSU represents the right to receive one share of American Eagle Outfitters, Inc. (the
“Company”) Common Stock, $0.01 par value per share, at a future point in time. This award is
subject to the terms and conditions contained in this Notice and Agreement, as well as the terms
and conditions of the Plan.

The RSU’s shall vest over three years in equal annual increments unless a performance goal for the
performance period of service consisting of the Company’s fiscal year ending <insert period
ending date> is achieved. The performance goal shall be based on the Company’s <insert
performance goal>. The performance goal for <insert fiscal period> for this RSU Awards is
set at one level of <insert target level performance goal>.

If the <insert performance goal> is equal to or better than the Target level, then 100% of
the RSU’s shall vest. The Compensation Committee of the Company’s Board of Directors (the
“Committee”), shall determine and certify in writing the achievement of the aforementioned
performance goal after the end of the performance period based on the financial statements of the
Company for the year ending <insert period ending date>. On the date of certification such
restrictions will lapse. If the <insert performance goal> is worse than the Target level,
then the RSU’s vest over three years in equal annual increments with the first third vesting on the
date of the Compensation Committee certification and with the second two thirds vesting on the
second and third anniversary of the grant date, if not previously vested.

As provided in the Plan and this Notice and Agreement, this award may terminate before the
restrictions lapse. For example, if your employment with the Company ends before the date the
restrictions lapse, this award will terminate and the RSU’s awarded shall revert to the Company.
You should refer to paragraph 4 of this Notice and Agreement for further information concerning how
changes in employment affect termination of this award.

By signing below, you agree that this award is governed by this Notice and Agreement, and by the
terms and conditions contained in the Plan, as amended from time to time, and incorporated into
this Notice and Agreement by reference.

American Eagle Outfitters, Inc.

	 	 	 	 	 	 	 	 	 

	By:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

Date
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 

     Employee
	 	 
	 	 

Date
	 	 

 

 

TERMS AND CONDITIONS OF RESTRICTED STOCK AWARD

     1. Grant of Award. The Company hereby grants to Employee as a separate
incentive in connection with his or her employment and not in lieu of any salary or other
compensation for his or her services, an award of the number of restricted stock units (“RSU’s”) of
common stock of the Company set forth on page 1 of this Notice and Agreement, which RSU’s are
granted on the Grant Date, subject to all the terms and conditions in this Notice and Agreement and
in the Company’s 2005 Stock Award and Incentive Plan, as amended on June 16, 2009 (the “Plan”).
Each RSU represents the right to receive one share of the Company’s Common Stock, $0.01 par value
per share, at a future point in time.

     2. Rights of the Employee with Respect to the Restricted Stock Units.

a) No Shareholder Rights. The RSU’s granted pursuant to this Award do not and shall not entitle
Employee to any rights of a shareholder of Common Stock. The rights of Employee with respect to the
RSU’s shall remain forfeitable at all times prior to the date on which such rights become vested
and the restrictions with respect to the RSU’s lapse, in accordance with Section 3.

b) Additional Restricted Stock Units. As long as Employee holds RSU’s granted pursuant to this
Award, the Company shall credit to Employee, on each date that the Company pays a cash dividend to
holders of Common Stock generally, an additional number of RSU’s (“Additional RSU’s” ) equal to the
total number of whole RSU’s and Additional RSU’s previously credited to Employee under this Award
multiplied by the dollar amount of the cash dividend paid per share of Common Stock by the Company
on such pay date, divided by the Fair Market Value of a share of Common Stock on such pay date.
Any fractional RSU resulting from such calculation shall be included in the Additional RSU’s. A
report showing the number of Additional RSU’s so credited shall be sent to Employee periodically,
as determined by the Company. The Additional RSU’s so credited shall be subject to the same terms
and conditions as the RSU’s to which such Additional RSU’s relate and the Additional RSU’s shall be
forfeited in the event that the RSU’s with respect to which such Additional RSU’s were credited are
forfeited.

c) Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall
be issued to Employee prior to the date on which the RSU’s vest and the restrictions with respect
to the RSU’s lapse, as set forth on page 1 of this Notice and Agreement. Neither this Section 2(c)
nor any action taken pursuant to or in accordance with this Section 2(c) shall be construed to
create a trust of any kind. After any RSU’s vest as set forth on page 1 of this Notice and
Agreement, the Company shall promptly cause to be issued one share of Common Stock for each RSU in
book-entry form, registered in Employee’s name or in the name of Employee’s legal representatives,
beneficiaries or heirs, as the case may be, in payment of such vested whole RSU’s and any
Additional RSU’s. The value of any fractional RSU shall be rounded up to the nearest whole share
at the time certificates are delivered to Employee in payment of the RSU’s and any Additional
RSU’s.

     3. Removal of Restrictions. Shares of Stock issued pursuant to RSU’s awarded under
the Plan shall be issued as soon as practicable after vesting, as set forth on page 1 of this
Notice and Agreement. The Committee, in its discretion, may accelerate the time at which any
restrictions shall lapse, and remove any restrictions; provided, however, that the Period of
Restriction on RSU’s granted to a Section 16 Person may not lapse until at least six (6) months
after the Grant Date and further subject to the restrictions in the Plan with respect to Covered
Employees. The restrictions with respect to the RSU’s shall lapse and the RSU’s shall vest in the
Employee without restriction to the extent specified in the Plan upon any “Change of Control” as
defined in the Plan.

     After the restrictions have lapsed, the Shares shall be freely transferable by the Employee,
subject to the terms of this Notice and Agreement and the Plan.

     4. Termination of Service. The RSU’s as to which restrictions have not lapsed upon
the date and time of the employee’s Termination of Service, for a reason other than the employee’s
death, Disability or Retirement, shall terminate and thereupon revert to the Company automatically
and without charge to the Company. Such RSU’s shall thereafter be available for grant under the
Plan. In the event of a Termination of Service as a result of the Employee’s death, Disability
or Retirement, all contractual restrictions shall lapse and the Shares shall be vested in full
subject to proration based on the number of days of Employee’s full time employment during the
either one year vesting period (if performance goals are achieved) or the three year vesting
period.

     5. Continuous Employment Required. Subject to the provisions of paragraph 4 above,
Restrictions on RSU’s shall not lapse and the RSU’s vest in accordance with any of the provisions
of this Notice and Agreement unless Employee shall have been continuously employed by the Company
or by one of its Affiliates from the date of the award until the date such restrictions are deemed
to have lapsed.

     6. Forfeiture of Award. Notwithstanding anything in this Notice and Agreement to the
contrary, the RSU’s represented by this Award may be forfeited in accordance with the provisions of
Section 10 of the Plan.

 

 

     7. Withholding Taxes. Notwithstanding anything in this Notice and Agreement to the
contrary, no certificate representing Stock may be issued unless and until Employee shall have
delivered to the Company or its designated Affiliate, the full amount of any federal, state or
local income and other withholding taxes. Payment of withholding taxes must be made by returning
shares back to the Company.

     8. Beneficiary Designation. If permitted by the Committee, Employee may name a
beneficiary or beneficiaries to whom any vested but unpaid award shall be paid in the event of
Employee’s death. In order to be effective, a beneficiary designation must be made by the Employee
in a form and manner acceptable to the Company. If Employee fails to make an effective beneficiary
designation, or if no such beneficiary survives Employee, then the vested but unpaid benefits
remaining at the Employee’s death shall be paid to the Employee’s estate.

     9. Non-transferability of Award. Until the end of the Period of Restriction set forth
on page 1 of this Notice and Agreement, the RSU’s granted herein and the rights and privileges
conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated (by operation of law or otherwise) other than: (a) by will; (b) by the laws of descent
and distribution; or (c) as provided in Section 11(b) of the Plan.

     10. Conditions to Issuance of Shares. The shares of stock deliverable to Employee
may be either previously authorized but unissued shares or issued shares which have been reacquired
by the Company. The Company shall not be required to issue any certificate or certificates for
shares of stock hereunder prior to fulfillment of all of the following conditions: (a) The
admission of such shares to listing on all stock exchanges on which such class of stock is then
listed; (b) The completion of any registration or other qualification of such shares under any
State or Federal law or under the rulings or regulations of the Securities and Exchange Commission
or any other governmental regulatory body, which the Committee shall, in its absolute discretion,
deem necessary or advisable; (c) The obtaining of any approval or other clearance from any State or
Federal governmental agency, which the Committee shall, in its absolute discretion, determine to be
necessary or advisable; and (d) The lapse of such reasonable period of time following the date of
grant of the RSU’s as the Committee may establish from time to time for reasons of administrative
convenience.

     11. Plan Governs. This Notice and Agreement is subject to all the terms and
provisions of the Plan. In the event of a conflict between one or more provisions of this Notice
and Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern.
Undefined capitalized terms used in this Notice and Agreement shall have the meanings set forth in
the Plan.

     12. No Right to Continued Employment. Employee understands and agrees that this
Notice and Agreement does not impact in any way the right of the Company, or any Affiliate of the
Company employing Employee, to terminate the employment or change the terms of the employment of
Employee at any time for any reason whatsoever, with or without cause. Employee understands and
agrees that his or her employment with the Company or an Affiliate is on an “at-will” basis only.

     13. Addresses for Notices. Any notice to be given to the Company under the terms of
this Notice and Agreement shall be addressed to the Company, in care of General Counsel, at
American Eagle Outfitters, Inc., 77 Hot Metal Street, Pittsburgh, PA 15203, or at such other
address as the Company may hereafter designate in writing. Any notice to be given to Employee
shall be addressed to Employee at the address set forth on page 1 of this Notice and Agreement, or
at such other address for Employee maintained on the books and records of the Company.

     14. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Notice and Agreement.

     15. Agreement Severable. In the event that any provision in this Notice and
Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such
invalidity or unenforceability shall not be construed to have any effect on, the remaining
provisions of this Notice and Agreement.

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