Document:

Exhibit 10.2

 Exhibit 10.2 
 AMENDMENT ONE TO 
 TERRITORIAL SAVINGS BANK 

SUPPLEMENTAL EMPLOYEE RETIREMENT AGREEMENT 
 FOR RALPH NAKATSUKA 
 WHEREAS, Territorial Savings Bank (the
“Bank”), and Ralph Nakatsuka, Vice Chairman and Co-Chief Operating Officer of the Bank (the “Executive”) entered into the Territorial Savings Bank Supplemental Employee Retirement Agreement for Ralph Nakatsuka (the
“SERP”), effective as of October 29, 2008; and 
 WHEREAS, Clark Consulting, the compensation consulting
firm which designed the benefits under the Agreement, recently informed the Bank and the Executive that there was a drafting error in the Agreement, whereby the offsets that should have applied to the early retirement benefit were inadvertently not
included in the relevant section of the Agreement; and 
 WHEREAS, all of the required financial statement reporting and
accruals, tax reporting and payments and benefit statement reporting have correctly been handled as if the offsets to the early retirement benefit had been included in the Agreement, which was the original intent of the Bank and the Executive.

 NOW THEREFORE, solely in order to correct the inadvertent drafting error, such that the Agreement correctly reflects
the intent of the Bank and the Executive, the Agreement is hereby amended as follows, effective as of October 29, 2008. 
  

	 	1.	Section 2.2.1 of the Agreement is hereby amended to read as follows: 

2.2.1 Amount of Benefit. The Early Termination Benefit under this Section 2.2 is the present value equivalent
(determined using a 5% discount rate) to the following annual amount payable for a term certain of 15 years: 65% of the Executive’s Final Average Compensation multiplied by a fraction not exceeding one, the numerator of which is the
Executive’s completed Years of Service and the denominator of which is the Executive’s potential Years of Service determined as if the Executive remained employed by the Bank until the Executive’s Normal Retirement Date, minus Social
Security Benefit minus Pension Offset. 
 IN WITNESS WHEREOF, the Executive and the Bank have signed this Amendment on
the dates set forth below. 
  

							
		 		 	TERRITORIAL SAVINGS BANK
				
	March 30, 2011	 		 	By:	 	 /s/ Harold Ohama

	Date	 		 	Chairman, Compensation Committee of the Board
			
	March 30,2011	 		 	 /s/ Ralph Nakatsuka

	Date	 		 	Ralph NakatsukaExhibit 10.3

 Exhibit 10.3 
 AMENDMENT ONE TO 
 TERRITORIAL SAVINGS BANK 

AMENDED AND RESTATED 
 SUPPLEMENTAL EMPLOYEE RETIREMENT AGREEMENT 
 FOR KAREN J.
COX 
 WHEREAS, Territorial Savings Bank (the “Bank”), and Karen J. Cox, Senior Vice President of the
Bank (the “Executive”) entered into the Territorial Savings Bank Amended and Restated Supplemental Employee Retirement Agreement for Karen J. Cox (the “SERP”), effective as of October 29, 2008; and 

WHEREAS, the Agreement was a restatement of the Supplemental Employee Retirement Agreement entered into by the Bank and the
Executive as of January 1, 2002 (the “Predecessor Agreement”); and 
 WHEREAS, Clark Consulting, the
compensation consulting firm which drafted the Predecessor Agreement, recently informed the Bank and the Executive that there was a drafting error in the Predecessor Agreement, whereby the offsets that should have applied to the early retirement
benefit were inadvertently not included in the relevant section of the Predecessor Agreement; and 
 WHEREAS, all of the
required financial statement reporting and accruals, tax reporting and payments and benefit statement reporting have correctly been handled as if the offsets to the early retirement benefit had been included in the Predecessor Agreement, which was
the original intent of the Bank and the Executive. 
 NOW THEREFORE, solely in order to correct the inadvertent drafting
error, such that the Agreement correctly reflects the intent of the Bank and the Executive, the Agreement is hereby amended as follows, effective as of January 1, 2002. 

 

	 	1.	Section 2.2.1 of the Agreement is hereby amended to read as follows: 

2.2.1 Amount of Benefit. The Early Termination Benefit under this Section 2.2 is the present value equivalent
(determined using a 5% discount rate) to the following annual amount payable for a term certain of 15 years: 55% of the Executive’s Final Average Compensation multiplied by a fraction not exceeding one, the numerator of which is the
Executive’s completed Years of Service and the denominator of which is the Executive’s potential Years of Service determined as if the Executive remained employed by the Bank until the Executive’s Normal Retirement Date, minus Social
Security Benefit minus Pension Offset. 
 IN WITNESS WHEREOF, the Executive and the Bank have signed this Amendment on
the dates set forth below. 
  

							
		 		 	TERRITORIAL SAVINGS BANK
				
	March 30, 2011	 		 	By:	 	 /s/ Harold Ohama

	Date	 		 	Chairman, Compensation Committee of the Board
			
	March 30, 2011	 		 	 /s/ Karen J. Cox

	Date	 		 	Karen J. CoxForm of Restricted Stock Agreement

 Exhibit 10.1 

 

			
	

	  	 3000 John Deere Road, Toano, VA 23168
 Phone: (757) 259-4280.• Fax
(757) 259-7293
 www.lumberliquidators.com

                    ,
         
 [Name] 
 [Street] 
 [City, State] 
 Dear [Name]: 
 Lumber Liquidators Holdings, Inc. (the “Company”) has
designated you to be a recipient of restricted shares of the common stock of the Company, par value $.001 per share (“Stock”), subject to the employment-based vesting restrictions and other terms set forth in this Award Agreement and in
the Lumber Liquidators Holdings, Inc. 2011 Equity Compensation Plan (the “Plan”). 
 The grant of these restricted
shares of Stock is made pursuant to the Plan. The Plan is administered by the Compensation Committee (the “Committee”) of the Company’s Board of Directors (the “Board”). The terms of the Plan are incorporated into this Award
Agreement and in the case of any conflict between the Plan and this Award Agreement, the terms of the Plan shall control. A copy of the Plan will be provided to you upon request. 

1. Grant. In consideration of your agreements contained in this Award Agreement, the Company hereby grants to you
             shares of Company Stock (the “Restricted Stock”) as of
                     (the “Grant Date”). The Restricted Stock is subject to the vesting restrictions set forth in Section 2
below. Until the vesting restrictions have lapsed, the Restricted Stock is forfeitable and nontransferable. 
 2.
Vesting. The grant of the Restricted Stock is subject to the following terms and conditions: 
 (a) The shares of
Restricted Stock shall vest, and shall no longer be subject to restriction, upon your continued employment with the Company (or any Related Company) through the following Vesting Dates: 

 

			
	 Vesting Date
	  	 Number of Shares

		  	

 (b) The Restricted Stock granted hereunder shall also 100% vest upon a Change in Control of
the Company (as defined in the Plan) to the extent not already exercisable. 
 (c) Notwithstanding the foregoing, you must be
employed by the Company (or any Related Company) on the relevant date for any Restricted Stock to vest. If your employment with the Company (or any Related Company) terminates for any reason, any rights you may have under this Award Agreement with
regard to unvested Restricted Stock shall be null and void. 
 3. Dividends. During the period beginning with the Grant
Date and ending with the Vesting Date or the earlier forfeiture of your Restricted Stock, (a) dividends or other distributions paid in shares of Stock shall be subject to the same restrictions as set forth in Section 2 above, and
(b) dividends paid or other distributions paid in cash shall be paid at the same time as such dividends are paid by the Company with respect to authorized and issued shares held by its other shareholders of record. 

4. Forfeiture and Repayment Provision. If the Committee determines, in its sole discretion, that you have, at any time, willfully
engaged in conduct that is harmful to the Company (or any Related Company), the Committee may declare that all or a portion of this Restricted Stock award is immediately forfeited. If the Committee determines, in its sole discretion, that you have
willfully engaged in conduct that is harmful to the Company (or any Related Company), you shall repay to the Company all or any vested shares of Company Stock owned by you as a result of this Award Agreement or all or any of the amount realized as a
result of the sale of Company Stock awarded to you under this Award Agreement, to the extent required by the Committee. Repayment or forfeiture required under this Section shall be enforced by the Board or its delegate, in the manner the Board or
its delegate determines to be appropriate. Your acceptance of the award reflected in this Award Agreement constitutes acceptance of the forfeiture and repayment provisions of this Section. 

5. Cancellation of Restricted Stock. To facilitate the cancellation of any Restricted Stock pursuant to Section 2 above, you
hereby appoint the Corporate Secretary of the Company as your attorney in fact, with full power of substitution, and authorize him or her, upon the occurrence of a forfeiture pursuant to Section 2 above, to notify the Company’s registrar
and transfer agent of the forfeiture of such shares and, if necessary, to deliver to the registrar and transfer agent the certificate representing such shares together with instructions to cancel the shares forfeited. The registrar and transfer
agent shall be entitled to rely upon any notices and instructions delivered by your attorney in fact concerning a forfeiture under the terms of this Award Agreement. 
 6. Custody of Certificates. At the option of the Company, custody of stock certificates evidencing the Restricted Stock shall be retained by the Company or held in uncertificated form. 

7. Rights as a Shareholder. Subject to the provisions of this Award Agreement, you generally will have all of the rights of a
holder of Company Stock with respect to all of the 

  
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Restricted Stock awarded to you under this Award Agreement from and after the Grant Date until the shares either vest or are forfeited, including the right to vote such shares and to receive
dividends paid thereon in accordance with the provisions of Section 3. 
 8. Transfer Restrictions. You may not
sell, assign, transfer, pledge, hypothecate or encumber the Restricted Stock awarded to you under this Award Agreement prior to the time such Restricted Stock become fully vested in accordance with this Award Agreement. 

9. Fractional Shares. A fractional share of Company Stock will not be issued and any fractional shares may be disregarded by the
Company. 
 10. Adjustments. If the number of outstanding shares of Company Stock is increased or decreased as a result
of a stock dividend, stock split or combination of shares, recapitalization, merger in which the Company is the surviving corporation, or other change in the Company’s capitalization without the receipt of consideration by the Company, the
number and kind of your unvested Restricted Stock shall be proportionately adjusted by the Committee, whose determination shall be binding. 
 11. Notices. Any notice to be given to the Company under the terms of this Award Agreement shall be addressed to the Corporate Secretary at Lumber Liquidators Holdings, Inc., 3000 John Deere Road,
Toano, Virginia 23168. Any notice to be given to you shall be addressed to you at the address set forth above or your last known address at the time notice is sent. Notices shall be deemed to have been duly given if mailed first class, postage
prepaid, addressed as above. 
 12. Applicable Withholding Taxes. No Restricted Stock shall be delivered to you until you
have paid to the Company the amount that must be withheld under federal, state and local income and employment tax laws or you and the Company have made satisfactory arrangements for the payment of such taxes. 

13. Applicable Securities Laws. You may be required to execute a customary written indication of your investment intent and such
other agreements the Company deems necessary or appropriate to comply with applicable securities laws. The Company may delay delivery of the Restricted Stock until you have executed such indication or agreements. 

14. Acceptance of Restricted Stock. By signing this Award Agreement, you indicate your acceptance of the Restricted Stock and your
agreement to the terms and conditions set forth in this Award Agreement which, together with the terms of the Plan, shall become the Company’s Restricted Stock Award Agreement with you. You also hereby acknowledge that a copy of the Plan has
been made available and agree to all of the terms and conditions of the Plan, as it may be amended from time to time. Unless the Company otherwise agrees in writing, the Restricted Stock granted under this Award Agreement will not become vested if
you do not accept this Award Agreement within thirty days of the Grant Date. 

  
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 IN WITNESS WHEREOF, the Company has caused this Restricted Stock Award Agreement to be
signed, as of this      date of                     ,
        . 
  

			
	LUMBER LIQUIDATORS HOLDINGS, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Its:
	 	  

 

	
	Agreed and Accepted:
	
	  

	[Name of Grant Recipient]
	
	  

	[Date]

  
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