Document:

Exhibit

Exhibit 4.1

Abercrombie & Fitch Co.
6301 Fitch Path
New Albany, Ohio 43054
(614) 283-6500

March 28, 2016 

United States Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549

Re:     Abercrombie & Fitch Co.
Commission File Number: 001-12107
Annual Report on Form 10-K for the Fiscal Year Ended January 30, 2016

Ladies and Gentlemen:

Abercrombie & Fitch Co., a Delaware corporation (“A&F”), is today filing with the Securities and Exchange Commission (the “SEC”) the Annual Report on Form 10-K of A&F for the fiscal year ended January 30, 2016 (“A&F’s Fiscal 2015 Form 10-K”).

Neither (i) A&F nor (ii) any of A&F’s consolidated subsidiaries has outstanding any instrument or agreement with respect to its long-term debt, other than those filed or incorporated by reference as an exhibit to A&F’s Fiscal 2015 Form 10-K, under which the total amount of long-term debt authorized exceeds 10% of the total assets of A&F and A&F’s subsidiaries on a consolidated basis. In accordance with the provisions of Item 601(b)(4)(iii) of SEC Regulation S-K, A&F hereby agrees to furnish to the SEC, upon request, a copy of each instrument or agreement defining (i) the rights of holders of long-term debt of A&F or (ii) the rights of holders of long-term debt of a consolidated subsidiary of A&F, in each case which is not being filed or incorporated by reference as an exhibit to A&F’s Fiscal 2015 Form 10-K.

	
			
	 
	 
	Very truly yours,

	 
	 
	 

	 
	 
	 

	 
	 
	ABERCROMBIE & FITCH CO.

	 
	 
	 

	 
	 
	/s/ JOANNE C. CREVOISERAT

	 
	 
	Joanne C. Crevoiserat
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)Exhibit

Exhibit 10.15

Summary of Terms of the Annual Restricted Stock Unit Grants
to Non-Associate Directors of Abercrombie & Fitch Co. under the 2005 Long-Term Incentive Plan in Fiscal 2015

Non-Associate Directors

For the fiscal year ended January 30, 2016 (“Fiscal 2015”), directors of Abercrombie & Fitch Co. (the “Company”) who are not associates of the Company or its subsidiaries (“non-associate directors”) were to receive an annual grant of restricted stock units as part of their compensation. Each restricted stock unit represents the right to receive one share of Class A Common Stock, $0.01 par value, of the Company (the “Common Stock”), upon vesting.

The restricted stock units were granted on the date of the 2015 Annual Meeting of Stockholders of the Company pursuant to the Abercrombie & Fitch Co. 2005 Long-Term Incentive Plan, and will vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next regularly scheduled annual meeting of stockholders, subject to earlier vesting in the event of a non-associate director’s death or total disability or upon a change of control of the Company.  

The annual grant of restricted stock units for Fiscal 2015 was to be 3,000 restricted stock units, subject to the following conditions, the application of which resulted in the grant being for 5,391 restricted stock units since the market price of the Company’s Common Stock on the grant date was $ 22.26 per share:

		
	•
	the maximum market value of the underlying shares of Common Stock on the date of grant was to be $300,000 (i.e., should the price of the Company's Common Stock on the grant date exceed $100 per share, the number of restricted stock units granted was to be automatically reduced to provide a maximum grant date market value of $300,000); and

		
	•
	the minimum market value of the underlying shares of Common Stock on the date of grant was to be $120,000 (i.e., should the price of the Company's Common Stock on the grant date be lower than $40 per share, the number of restricted stock units granted was to be automatically increased to provide a minimum grant date market value of $120,000). 

Chairman of the Board

In connection with Arthur C. Martinez’s appointment to the position of Non-Executive Chairman of the Board of Directors on January 27, 2014, he has received and will continue to receive an additional annual grant of restricted stock units, with the market value of the underlying shares of Common Stock on the grant date to be $100,000 (the “Non-Executive Chairman RSU Retainer”). The Non-Executive Chairman RSU Retainer was deferred by Mr. Martinez pursuant to the Company’s Directors’ Deferred Compensation Plan in Fiscal 2015.  The annual Non-Executive Chairman RSU Retainer has been and will continue to be subject to the following provisions: 

		
	•
	restricted stock units are to be granted annually on the date of the annual meeting of stockholders of the Company pursuant to the Abercrombie & Fitch Co. 2005 Long-Term Incentive Plan or a successor plan approved by the Company’s stockholders; and

		
	•
	restricted stock units will vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next regularly scheduled annual meeting of stockholders, subject to earlier vesting in the event of Mr. Martinez’s death or total disability or upon a change of control of the Company. 

In connection with Mr. Martinez’s appointment to the position of Executive Chairman of the Board, effective December 8, 2014, he has received and will continue to receive (in addition to the Non‐Executive Chairman RSU Retainer) an additional annual grant of restricted stock units for serving in such capacity, with the market value of the underlying shares of Common Stock on the grant date to be $1,875,000 (the “Executive Chairman RSU Retainer”).  The Executive Chairman RSU Retainer was deferred by Mr. Martinez pursuant to the Company’s Directors’ Deferred Compensation Plan in Fiscal 2015.  The annual Executive Chairman RSU Retainer has been and will continue to be subject to the following provisions: 

		
	•
	restricted stock units are to be granted annually on the date of the annual meeting of stockholders of the Company pursuant to the Abercrombie & Fitch Co. 2005 Long-Term Incentive Plan or a successor plan approved by the Company’s stockholders; 

		
	•
	restricted stock units will vest on the earliest of (i) the date on which the Board of Directors of the Company appoints a Chief Executive Officer of the Company, unless the Board of Directors determines otherwise, (ii) the first anniversary 

of the grant date or (iii) the date of the next regularly scheduled annual meeting of stockholders, subject to earlier vesting in the event of Mr. Martinez’s death or total disability or upon a change of control of the Company; 

		
	•
	restricted stock units that vest due to the appointment of a Chief Executive Officer of the Company will be pro-rated for the portion of the year that has elapsed between the grant date and the date of appointment of a Chief Executive Officer, unless the Board of Directors determines otherwise; and 

		
	•
	if Mr. Martinez’s service as Executive Chairman of the Board ends for any reason other than his death or total disability or appointment of a Chief Executive Officer of the Company, a pro-rata portion of unvested restricted stock units will vest to reflect the portion of the year that has elapsed between the grant date and the date on which his service as Executive Chairman of the Board of Directors ends.Exhibit

Exhibit 10.16

Summary of Compensation Structure for
Non-Associate Directors of Abercrombie & Fitch Co. for Fiscal 2015

Non-Associate Directors
Any officer of Abercrombie & Fitch Co. (the “Company”) who is also a director of the Company receives no additional compensation for services rendered as a director. Directors of the Company who are not employees, or as referred to by the Company, “associates”, of the Company or its subsidiaries (“non-associate directors”) are to receive:

		
	•
	an annual cash retainer of $65,000 (to be paid quarterly in arrears);

		
	•
	an additional annual cash retainer for each standing committee Chair and member of $25,000 and $12,500, respectively, other than (i) the Chair and the members of the Audit and Finance Committee who are to receive an additional annual cash retainer of $40,000 and $25,000, respectively, and (ii) the Chair of the Compensation and Organization Committee who is to receive an additional annual cash retainer of $30,000, in each case for serving in the stated capacity. In each case, the retainers are to be paid quarterly in arrears; and 

		
	•
	an annual grant of restricted stock units, to be granted annually on the date of the annual meeting of stockholders of the Company pursuant to the Abercrombie & Fitch Co. 2005 Long-Term Incentive Plan (or any successor plan approved by the Company’s stockholders), and which will vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next regularly scheduled annual meeting of stockholders, subject to earlier vesting in the event of a non‐associate director’s death or total disability or upon a change of control of the Company.

For the fiscal year ended January 30, 2016 (“Fiscal 2015”), the annual restricted stock unit grant was to be 3,000 restricted stock units, subject to the following conditions the application of which resulted in the grant being for 5,391 restricted stock units since the market price of the Company’s shares of Class A Common Stock, $0.01 par value (the “Common Stock”) was $22.26 per share:
		
	•
	the maximum market value of the underlying shares of Common Stock on the date of grant was to be $300,000 (i.e., should the price of the Company's Common Stock on the grant date exceed $100 per share, the number of restricted stock units granted was to be automatically reduced to provide a maximum grant date market value of $300,000); and 

		
	•
	the minimum market value of the underlying shares of Common Stock on the date of grant was to be $120,000 (i.e., should the price of the Company's Common Stock on the grant date be lower than $40 per share, the number of restricted stock units granted was to be automatically increased to provide a minimum grant date market value of $120,000).

Chairman of the Board
In connection with Arthur C. Martinez’s appointment to the position of Non-Executive Chairman of the Board of Directors on January 27, 2014, he has received and will continue to receive:
		
	•
	an additional annual cash retainer of $200,000 (the “Non-Executive Chairman Cash Retainer”) for serving in such capacity (paid quarterly in arrears); and

		
	•
	an additional annual grant of restricted stock units for serving in such capacity, with the market value of the underlying shares of Common Stock on the grant date to be $100,000 (the “Non-Executive Chairman RSU Retainer”).  The Non-Executive Chairman RSU Retainer was deferred by Mr. Martinez pursuant to the Company’s Directors’ Deferred Compensation Plan in Fiscal 2015.

The annual Non-Executive Chairman RSU Retainer has been and will continue to be subject to the following provisions:
		
	•
	restricted stock units are to be granted annually on the date of the annual meeting of stockholders of the Company pursuant to the Abercrombie & Fitch Co. 2005 Long-Term Incentive Plan (or a successor plan approved by the Company’s stockholders); and

		
	•
	restricted stock units will vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next regularly scheduled annual meeting of stockholders, subject to earlier vesting in the event of Mr. Martinez’s death or total disability or upon a change of control of the Company.

In connection with Mr. Martinez’s appointment to the position of Executive Chairman of the Board, effective December 8, 2014, he has received and will continue to receive (in addition to the Non‐Executive Chairman Cash Retainer and the Non‐Executive Chairman RSU Retainer):
		
	•
	an additional annual cash retainer of $625,000 (the “Executive Chairman Cash Retainer”) for serving in such capacity (paid quarterly in arrears); and

		
	•
	an additional annual grant of restricted stock units, with the market value of the underlying shares of Common Stock on the grant date to be $1,875,000 (the “Executive Chairman RSU Retainer”).  The Executive Chairman RSU Retainer was deferred by Mr. Martinez pursuant to the Company’s Directors’ Deferred Compensation Plan in Fiscal 2015.

The annual Executive Chairman RSU Retainer will be subject to the following provisions:
		
	•
	restricted stock units are to be granted annually on the date of the annual meeting of stockholders of the Company pursuant to the Abercrombie & Fitch Co. 2005 Long-Term Incentive Plan (or a successor plan approved by the Company’s stockholders);

		
	•
	restricted stock units will vest on the earliest of (i) the date on which the Board of Directors of the Company appoints a Chief Executive Officer of the Company, unless the Board of Directors determines otherwise, (ii) the first anniversary of the grant date or (iii) the date of the next regularly scheduled annual meeting of stockholders, subject to earlier vesting in the event of Mr. Martinez’s death or total disability or upon a change of control of the Company;

		
	•
	restricted stock units that vest due to the appointment of a Chief Executive Officer of the Company will be pro-rated for the portion of the year that has elapsed between the grant date and the date of appointment of a Chief Executive Officer, unless the Board of Directors determines otherwise; and

		
	•
	if Mr. Martinez’s service as Executive Chairman of the Board ends for any reason other than his death or total disability or appointment of a Chief Executive Officer of the Company, a pro-rata portion of unvested restricted stock units will vest to reflect the portion of the year that has elapsed between the grant date and the date on which his service as Executive Chairman of the Board ends.

Non-associate directors are also to be reimbursed for their expenses for attending meetings of the Company’s Board of Directors and Board committee meetings and receive the discount on purchases of the Company’s merchandise extended to all Company associates.

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