Document:

Form of Option Award Agreement

 Exhibit 10.9 

STEIN MART, INC. 
 2001
OMNIBUS PLAN 
 OPTION AWARD AGREEMENT FOR NON-EMPLOYEE DIRECTORS 

THIS AGREEMENT is made and entered into as of the date set forth on the signature page hereof by and between STEIN MART, INC., a
Florida corporation (“Company”), and the non-employee director of the Company whose signature is set forth on the signature page hereof (the “Non-Employee
Director”). 
 W I T N E S S E T H 

WHEREAS, the Company has adopted the Stein Mart, Inc. 2001 Omnibus Plan (“Plan”), the terms of which, to the extent not
stated herein, are specifically incorporated by reference in this Agreement; 
 WHEREAS, the purpose of the Plan is to permit Awards
under the Plan to be granted to certain Non-Employee Directors of the Company and its Affiliates and to further specify the terms and conditions under which such individuals may receive such Awards; 

WHEREAS, the Non-Employee Director is now acting for the Company in a non-employee director capacity and the Company desires him or her to remain in such capacity, and to secure or increase his or her ownership of Shares in order to increase his or her incentive and personal interest
in the success and growth of the Company; and 
 WHEREAS, defined terms used herein and not otherwise defined herein shall have the
meanings set forth in the Plan. 
 NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set
forth, the parties hereby mutually covenant and agree as follows: 
 1.    Option Grant. The Company
hereby grants to the Non-Employee Director an initial Option to purchase from the Company all or any part of Shares Granted Shares in accordance with Section 10.1(a) of the Company’s 2001 Omnibus Plan at
the purchase price set forth on the signature page of this Agreement. 
 2.    Nontransferability of
Option. Options granted the Non-Employee Director under the Plan are not transferable other than by will or by the laws of descent and distribution. The Option may be exercised during the life of the Non-Employee Director only by the Non-Employee Director (or his/her legal representative). 

3.    Exercise of Option. The exercise of Options granted to
Non-Employee Directors is governed in all respects by the terms of the Plan, Particularly Section 10.1(b) and Section 10.1(c). 

 
Except as provided herein, the Option shall be exercisable only prior to the Expiration Date, and then only as set forth in the following table: 

 

			
	 Years From Grant Date
	  	Cumulative Fraction
of Shares Optioned
Which Is Exercisable
	 After 3 Years
	  	33%
	 After 4 Years
	  	66%
	 After 5 Years
	  	100%

 4.    Beneficiary. 

(b)    (a) The person whose name appears on the signature page hereof after the caption “Beneficiary” or any
successor designated by the Non-Employee Director in accordance herewith (the person who is the Non-Employee Director’s Beneficiary at the time of his death herein
referred to as the “Beneficiary”) shall be entitled to exercise any Option which has been granted, to the extent it is exercisable, after the death of the Non-Employee Director. The Non-Employee Director may from time to time revoke or change his Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Committee. The last such designation received by the
Committee shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Committee prior to the Non-Employee Director’s death, and
in no event shall any designation be effective as of a date prior to such receipt. 
 (c)    If no such Beneficiary
designation is in effect at the time of a Non-Employee Director’s death, or if no designated Beneficiary survives the Non-Employee Director or if such designation
conflicts with law, the Non-Employee Director’s estate shall be entitled to exercise any Option granted prior to death of the Non-Employee Director, to the extent
it is exercisable, after the death of the Non-Employee Director. If the Committee is in doubt as to the right of any person to exercise the Option, the Company may refuse to recognize such exercise, without
liability for any interest or dividends on the Option Stock, until the Committee determines the person entitled to exercise the Option, or the Company may apply to any court of appropriate jurisdiction and such application shall be a complete
discharge of the liability of the Company therefor. 
 5.    No Rights As Stockholder. The Non-Employee Director shall have no rights as a holder of the Option Stock until the issuance of a certificate for the Option Stock. 

6.    Adjustments in Event of Change in Shares. Section 4.3 of the Plan shall govern adjustments in the
event of a change in Shares. 

  
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 7.    Miscellaneous. (a) This Agreement shall be governed
and construed in accordance with the laws of the State of Florida applicable to contracts made and to be performed therein between residents thereof. 

(b)    This Agreement may not be amended or modified except by the written consent of the parties hereto. 

(c)    The captions of this Agreement are inserted for convenience of reference only and shall not be taken into account
in construing this Agreement. 
 (d)    Any notice, filing or delivery hereunder or with respect to Option Stock shall
be given to the Non-Employee Director at either his usual work location or his home address as indicated in the records of the Company, and shall be given to the Committee or the Company at 1200 Riverplace
Boulevard, Jacksonville, Florida 32202, Attention Corporate Secretary. All such notices shall be given by first class mail, postage prepaid, or by personal delivery. 

This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns and shall be binding upon and
inure to the personal benefit of the Non-Employee Director, the Beneficiary and the personal representative(s) and heirs of the Non-Employee Director. 

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized officer, and the Non-Employee Director has hereunto affixed his hand, all on the day and year set forth below. 
  

					
		 	STEIN MART, INC.
			
		 	By:	 	 

  

	 	 
		
	Its:	 	D. Hunt Hawkins - Chief Operating Officer
		
		 	 Signed Electronically

		 	Participant Name
			
		 		 	No. of Shares of Option Stock: Shares Granted
			
		 		 	Purchase Price Per Share:     $Grant Price
			
		 		 	Date of Agreement: Acceptance Date
			
		 		 	Grant Date: Grant Date
			
		 		 	Expiration Date: Expiration Date

  
 3Form of Restricted Stock Award Agreement

 Exhibit 10.10 

STEIN MART, INC. 
 2001
OMNIBUS PLAN 
 RESTRICTED SHARE AWARD AGREEMENT 

THIS AGREEMENT is made and entered into as of the date set forth on the signature page hereof (the “Grant Date”) by and between STEIN MART, INC., a Florida corporation (“Company”), and the Participant whose
signature is set forth on the signature page hereof (the “Participant”). 

W I T N E S S E T H 

WHEREAS, the Company has adopted the Stein Mart, Inc. 2001 Omnibus Plan
(“Omnibus Plan”) and the Stein Mart 2016-2018 Long Term incentive Compensation Plans (the “Incentive
Plans” and together with the Omnibus, the “Plans”),
the terms of both of which, to the extent not stated herein, are specifically incorporated by reference in this Agreement; 

WHEREAS, the purpose of the Plans is to permit Awards under the Incentive Plans to be granted to certain Participants of the Company
and its Affiliates and to further specify the terms and conditions under which such individuals may receive such Awards; 
 WHEREAS,
the Participant is now employed in an officer, management or advisory capacity and the Company desires him or her to remain in such capacity, to secure or increase his or her ownership of shares of the Company’s common stock in order to increase his or her incentive and personal interest in the success and growth of the Company; and 

WHEREAS, defined terms used herein and not otherwise defined herein shall have the meanings set forth in the Plans. 

NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereby mutually
covenant and agree as follows: 
 1.     Restricted Share Grant. Subject to the terms and
conditions set forth herein, the Company hereby grants to the Participant the number of restricted shares (the “Restricted
Shares’) of the Company’s common stock set forth on the signature page hereof, at the value per Share set forth on the signature page hereof. 

2.     Nontransferability of Shares. The Restricted Shares are not transferable other than by will or
by the laws of descent and distribution. 
 3.     Grant and Vesting. 

The Restricted Shares subject to this Grant shall Vest as follows (the “Service
Condition”): One hundred percent (100%) of such Restricted Shares shall vest upon on February 2, 2019 (the “Award Date”) if the Participant receiving such award
remains employed by the Company on the Award Date. Notwithstanding the foregoing, if a Participant’s employment with the Company is terminated because of a Termination Event (as defined in
the Incentive Plan relating to death, disability, retirement at or after the Participant’s 62nd birthday, or termination within a certain
time following a Change of Control), then the Service Condition shall be deemed to have been met as 

  
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to a portion of the unvested Restricted Shares as equals the percent of the Service Condition which has been met as of the Termination Event. By way of example, if a Participant dies 12 months
following the Award Date of the Participation Award, then the Participant (or the Participant’s estate) will receive 1/3rd of the
Restricted Shares which would otherwise have Vested upon satisfaction of the Service Condition (12 months as a percent of 36 months). 

4.     Certificate Issued. The certificate(s) evidencing the Restricted Shares that are the subject
of this Grant are being currently issued, but are subject to forfeiture until they Vest as provided above and will be treated as outstanding unless and until a forfeiture occurs. 

5.     Rights As Stockholder. The Participant shall have the rights as a holder of the Restricted
Shares until and unless and to the extent the Restricted Shares are forfeited and cancelled as provided above; provided, however, that dividends otherwise payable as to such Restricted Shares shall accrue and not be paid unless and until the vesting
of the Restricted Shares with respect to which such dividends have accrued. 
 6.     Tax Withholding.

 (a)    It shall be a condition of the Grant of the Restricted Shares provided herein that the Participant, and the
Participant agrees, that the Participant shall pay to the Company upon its demand, such amount as may be requested by the Company for the purpose of satisfying its liability to withhold federal, state, or local income, employment or other taxes
incurred by reason of the Grant provided herein or the Vesting thereof. The amount that will be due from the Participant, if any, will be determined at the time the risk of forfeiture is removed and Vesting occurs, or if a Section 83(b) election
(defined below) is made, as of the date of this Grant. 
 (b)    In the event that a Section 83(b) election is not made,
the Participant may elect to have the Company withhold that number of Restricted Shares otherwise deliverable to the Participant upon the Vesting of the Restricted Shares or to deliver to the Company a number of Shares, in each case, having a
Fair Market Value on the date of Vesting equal to the minimum amount required to be withheld as a result of such exercise. The election must be made in writing and must be delivered to the Company prior to the date of Vesting. If the number
of shares so determined shall include a fractional share, the Participant shall deliver cash in lieu of such fractional share. All elections shall be made in a form approved by the committee and shall be subject to disapproval, in whole or in part
by the Committee. 
 (c)    The Participant has reviewed with the Participant’s own tax advisors the federal,
state, local and foreign tax consequences of the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant
understands that the 

  
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Participant (and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. The Participant
understands that Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), taxes as ordinary income the fair market value of the Restricted Shares as of the date any restrictions on the Shares lapse. In this
context, “restriction” includes the Vesting conditions set forth in Section 3 hereof. The Participant understands that the Participant may elect to be taxed at the time the Restricted Shares are granted under this Agreement rather
than when they become Vested and no longer subject to a substantial risk of forfeiture by filing an election under Section 83(b) of the Code with the I.R.S. within 30 days from the date of Grant. 

THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO TIMELY FILE THE ELECTION
UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF. 

7.     Powers of Company Not Affected. The existence of the Restricted Shares shall not affect in any
way the right or power of the Company or its stockholders to make or authorize any combinations, subdivision or reclassification of the Shares or any reorganization, merger, consolidation, business combination, exchange of Shares, or other change in
the Company’s capital structure or its business, or any issue of bonds, debentures or stock having rights or preferences equal, superior or affecting the Option Stock or the rights thereof or
dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. Nothing in this Agreement shall confer upon the
Participant any right to continue in the employment of the Company or any Affiliate, or interfere with or limit in any way the right of the Company or any Affiliate to terminate the Participant’s employment at any time. 

8.     Interpretation by Committee. The Participant agrees that any dispute or disagreement which may
arise in connection with this Agreement shall be resolved by the Committee, in its sole discretion, and that any interpretation by the Committee of the terms of this Agreement or the Plan and any determination made by the Committee under this
Agreement or the Plan may be made in the sole discretion of the Committee and shall be final, binding, and conclusive. Any such determination need not be uniform and may be made differently among Participants awarded Option Stock. 

9.     Miscellaneous. (a) This Agreement shall be governed and construed in accordance with the
laws of the State of Florida applicable to contracts made and to be performed therein between residents thereof. 

(a)    This Agreement may not be amended or modified except by the written consent of the parties hereto. 

(b)    The captions of this Agreement are inserted for convenience of reference only and shall not be taken into account
in construing this Agreement. 
 (c)    Any notice, filing or delivery hereunder or with respect to Restricted Shares
shall be given to the Participant at either his usual work location or his home address as indicated in the records of the Company, and shall be given to the Committee or the Company at 1200 Riverplace Boulevard, Jacksonville, Florida 32202,
Attention Corporate Secretary. All such notices shall be given by first class mail, postage prepaid, or by personal delivery. 

  
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 (d) This Agreement shall be binding upon and inure to the benefit of the Company and its
successors and assigns and shall be binding upon and inure to the personal benefit of the Participant, the Beneficiary and the personal representative(s) and heirs of the Participant. 

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized officer, and the Participant has hereunto
affixed his hand, all on the day and year set forth below. 
  

			
		 	STEIN MART, INC.
		
	By:	 	 

  

	D. Hunt Hawkins – President and Chief Operating Officer
	
	 Signed Electronically

	Name

  

	
	 No. of Restricted Shares:    #
of Shares Granted

	
	 Grant Date:        Grant
Date                                

  
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