Document:

EX-10.3

 

Exhibit 10.3

DICK’S SPORTING GOODS, INC.

STOCK OPTION AGREEMENT

Granted Under the

2002 STOCK PLAN

     Unless otherwise defined herein, each capitalized term used in this Stock Option Agreement
shall have the meaning given such term in the Dick’s Sporting Goods, Inc. 2002 Stock Plan (the
“Plan”).

I. NOTICE OF STOCK OPTION GRANT 

Optionee’s Name: Randall K. Zanatta

     The undersigned Optionee has been granted an Option to purchase Common Stock of the Company,
subject to the terms and conditions of the Plan and this Agreement, as follows:

	 	 	 
	Date of Grant:

	 	November 16, 2006
	 
	 	 
	Exercise Price Per Share:

	 	$54.59
	 
	 	 
	Number of Shares of Common Stock (the
“Shares”) Granted:

	 	165,000
	 
	 	 
	Type of Shares:

	 	Common Stock
	 
	 	 
	Type of Option:

	 	o Incentive Stock Option
	 
	 	 
	 

	 	þ Nonstatutory Stock Option (i.e., Non-Qualified Stock Options)
	 
	 	 
	Term/Expiration Date:

	 	10 years

	 	 	 
	Vesting Schedule:

	 	This Option shall become exercisable in the following
installments prior to the Expiration Date:
	 
	 

	 	• 55,000 Shares on February 13, 2008;
	 
	 

	 	• 55,000 Shares on February 13, 2009; and
	 
	 

	 	• 55,000 Shares on February 13, 2010.
	 
	 

	 	The vested portion of this Option shall remain
exercisable for at least five (5) years from February 13,
2007. Whether or not Optionee is employed with the Company.
Should Optionee remain employed with the Company
following the expiration of such five-year period, the
vested portion of this Option shall be exercisable in
accordance with the terms set forth below.
	 
	 	 
	Termination Period:

	 	If Optionee ceases to be an Employee, the portion of
this Option that has not vested as of the date of
termination shall:
	 
	 

	 	(i)   vest immediately, if Optionee’s employment with the
Company is terminated for a reason other than Cause or
by Optionee for Good Reason (each as defined in
Optionee’s employment agreement with the Company and
Golf Galaxy, Inc., dated February 13, 2007), or

	 
	 

	 	(ii)  expire immediately, if Optionee’s employment is
terminated for any reason other than as set forth in
clause (i), including the death or disability of
Optionee.

	 
	 

	 	Subject to the five-year period described above, the
portion of this Option that has vested but has not yet
been exercised shall be exercisable for a period of (x)
90 days following the date of termination, as set forth
in Section 6(b) of the Plan, in the event of termination
of Optionee’s status in accordance with the Plan, or (y)
12 months in event of termination as a result of total
and permanent disability or death as set forth in
Section 6(b) of the Plan.

 

 

II. AGREEMENT 

     1. Grant of Option. The Administrator of the Company hereby grants to the Optionee
named in the Notice of Stock Option Grant (the “Optionee”), an option (the
“Option”) to purchase the number of Shares set forth in the Notice of Stock Option Grant,
at the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise
Price”), and subject to the terms and conditions of the Plan, which is incorporated herein by
reference. In the event of a conflict between the terms and conditions of the Plan and this Option
Agreement, the terms and conditions of the Plan shall prevail.

     If designated in the Notice of Stock Option Grant as an Incentive Stock Option
(“ISO”), this Option is intended to qualify as an Incentive Stock Option as defined in
Section 422 of the Code. Nevertheless, to the extent that the Option fails to meet the requirements
of an ISO under Code Section 422, this Option shall be treated as a Nonstatutory Stock Option
(“NSO”).

     2 Exercise of Option.

     (a) Right to Exercise. This Option shall be exercisable during its term in
accordance with the Vesting Schedule set out in Section I. Notice of Stock Option Grant and
with the applicable provisions of the Plan and this Option Agreement.

     3. Method of Exercise. This Option shall be exercisable by utilizing the instructions
attached as Exhibit A (the “Exercise Information”).

     No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such
exercise complies with the Code and any other applicable law or regulation, including the
requirements of the NYSE. Assuming such compliance, for income tax purposes the Shares shall be
considered transferred to the Optionee on the date on which the Option is exercised with respect to
such Shares.

     4. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the
following, or a combination thereof, at the election of the Optionee:

     (a) cash or check;

     (b) consideration received by the Company under a formal “brokerage cashless exercise”
program adopted by the Company acceptable to the Board of Directors in its sole discretion
in connection with the Plan or the delivery of a properly executed exercise notice together
with irrevocable instructions to a broker registered under the Securities Exchange Act of
1934, as amended, to promptly deliver to the Company the amount of proceeds required to pay
the Exercise Price; or

     (c) surrender of other Shares which, (i) in the case of Shares acquired upon exercise
of a stock option, have either been owned by the Optionee for more than six (6) months on
the date of surrender or were not acquired, directly or indirectly, from the Company, and
(ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price
of the Exercised Shares.

     5. Withholding. Notwithstanding any provisions of the Plan or this Agreement to the
contrary, whenever shares of Common Stock are to be issued to the Optionee, the Optionee shall also
remit to the Company (or, in the case of a “brokerage cashless exercise,” or other exercise the
Company shall have the right to withhold) an amount sufficient to satisfy federal, state and local
withholding requirements prior to delivery of any certificate for shares. If an Optionee makes a
disposition of shares acquired upon the exercise of an Incentive Stock Option within either two
years after the Option was granted or one year after its exercise by the Optionee, the Optionee
shall promptly notify the Company in accordance with Section 8(d) of this Agreement and the Company
shall have the right to require the Optionee to pay the Company an amount sufficient to satisfy
federal, state and local tax withholding requirements, if any.

     6. Non-Transferability of Option. This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be exercised during the
lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be
binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

     7. Term of Option. This Option may be exercised only within the term set out in
Section I. Notice of Stock Option Grant, and may be exercised during such term only in accordance
with the Plan and the terms of this Option.

2

 

     8. Tax Consequences. Set forth below is a brief summary as of the date of this Option
of some of the federal tax consequences of exercise of this Option and disposition of the Shares.
THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE
OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

     (a) Exercise of ISO. If this Option qualifies as an ISO, there will be no
regular federal income tax liability upon the exercise of the Option, although the excess,
if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise
Price will be treated as an adjustment to the alternative minimum tax for federal tax
purposes and may subject the Optionee to the alternative minimum tax in the year of
exercise.

     (b) Exercise of Nonstatutory Stock Option. There may be a regular federal
income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee will be
treated as having received compensation income (taxable at ordinary income tax rates) equal
to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over
the Exercise Price. If Optionee is an Employee or a former Employee, the Company will be
required to withhold from Optionee’s compensation or collect from Optionee and pay to the
applicable taxing authorities an amount in cash equal to a percentage of this compensation
income at the time of exercise, and may refuse to honor the exercise and refuse to deliver
Shares if such withholding amounts are not delivered at the time of exercise.

     (c) Disposition of Shares. In the case of an NSO, if Shares are held for at
least one year, any gain realized on disposition of the Shares will be treated as long-term
capital gain for federal income tax purposes. In the case of an ISO, if Shares transferred
pursuant to the Option are held for at least one year after exercise and at least two years
after the Date of Grant, any gain realized on disposition of the Shares will also be treated
as long-term capital gain for federal income tax purposes. If Shares purchased under an ISO
are disposed of within one year after exercise or two years after the Date of Grant, any
gain realized on such disposition will be treated as compensation income (taxable at
ordinary income rates) to the extent of the difference between the Exercise Price and the
lesser of (1) the Fair Market Value of the Shares on the date of exercise, or (2) the sale
price of the Shares. Any additional gain will be taxed as capital gain, short-term or
long-term depending on the period that the ISO Shares were held.

     (d) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to
Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares
acquired pursuant to the ISO on or before the later of (1) the date two years after the Date
of Grant, or (2) the date one year after the date of exercise, the Optionee shall
immediately notify the Company in writing of such disposition. Optionee agrees that Optionee
may be subject to income tax withholding by the Company on the compensation income
recognized by the Optionee.

     9. Entire Agreement, Governing Law. The Plan is incorporated herein by reference. The
Plan and this Option Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and agreements of the
Company and Optionee with respect to the subject matter hereof, and may not be modified adversely
to the Optionee’s interest except by means of a writing signed by the Company and Optionee. This
agreement is governed by the internal substantive laws but not the choice of law rules of the
State of Delaware.

     10. No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE
VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN
EMPLOYEE, NON-EMPLOYEE DIRECTOR OR CONSULTANT, AS THE CASE MAY BE, AT THE WILL OF THE COMPANY (NOT
THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE
FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND
THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
ENGAGEMENT FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY
WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S RELATIONSHIP WITH THE COMPANY
AT ANY TIME, WITH OR WITHOUT CAUSE.

     11. Incorporation of Plan. Optionee acknowledges receipt of a copy of one of the
following: (i) the Company’s annual report for its last fiscal year, (ii) the Company’s Form 10-K
for its last fiscal year, or (iii) the last prospectus filed by the Company, and represents that he
or she is familiar with the terms and provisions thereof, and hereby accepts this Option subject to
all of the terms and provisions thereof. Optionee has reviewed the Plan and this

3

 

Option in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Option and fully understands all provisions of the Option. Optionee hereby agrees to
accept as binding, conclusive and final all decisions or interpretations of the Administrator upon
any questions arising under the Plan or this Option.

	 	 	 	 	 	 	 	 	 
	OPTIONEE:	 	 	 	DICK’S SPORTING GOODS, INC.:	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Randall K. Zanatta

	 	 	 	By:
	 	William R. Newlin	 	 
	 

Signature

	 	 	 	 	 	 

Authorized Officer
	 	 
	 
	 	 	 	 	 	 	 	 
	Randall K. Zanatta
	 	 	 	 	 	 	 	 
	 

Print Name

	 	 	 	 	 	 	 	 

4

 

Exhibit A

Smith Barney is the service provider that we use to manage our stock option program.

Please take a minute to review the steps necessary to view your options:

	 	•	 	If this is the first time that you have been granted stock options: you will need to
activate your account. To do so, you’ll need an Internet User Name and Password. Smith
Barney will mail two (2) letters to you at the home address we have on file. The first
letter will contain your temporary Internet User Name and Trading PIN (required it you wish
to sell shares of Dick’s Sporting Goods on-line). The second letter will contain your
temporary Password.
	 
	 	•	 	Once you have received your temporary User Name and temporary Password, you will need to
log onto the Smith Barney website at http://www.benefitaccess.com. Once you log onto the
site, you will need to create your own unique User Name and Password. Once this is done
please view your options. If everything is correct, click the ‘accept’ button. The
buttons are located to the right of the grant on the grant summary page. If for some
reason you choose not to accept the grant, you may click on the ‘reject’ button. Grants
must be in ‘accepted’ status in order to be exercised.
	 
	 	•	 	You may also access your account information by phone. You can utilize Smith Barney’s
Voice Response System by calling 1-800-367-4777. When prompted for the stock number, enter
315274. Customer Service Representatives are available from 8:00 AM and 6:00 PM Eastern
Time.

If you have any questions you may contact:

	 	•	 	Chris Grebenc (for Corporate Associates) at (724) 273-3107
	 
	 	•	 	Debbie Victorelli (for Field Associates) at (724) 273-3818

5EX-10.4

 

Exhibit 10.4

DICK’S SPORTING GOODS, INC.

RESTRICTED STOCK AWARD AGREEMENT

Granted Under the

2002 STOCK PLAN

Unless otherwise defined herein, each capitalized term used in this Restricted Stock Award
Agreement shall have the meaning given such term in the Dick’s Sporting Goods, Inc. 2002 Stock Plan
(the “Plan”).

Employee’s Name: Randall K. Zanatta

The undersigned Employee has been granted a Restricted Stock Award, subject to the terms and
conditions of the Plan and this Restricted Stock Award Agreement (the “Agreement”), as
follows:

	 	 	 
	Date of Grant:

	 	February 13, 2007
	 
	 	 
	Number of Shares of Common Stock (the
“Shares”) Granted:

	 	75,000, consisting of: (a) 37,500 shares with
time-based vesting (“Time Vested Shares”),
and (b) 37,500 shares to vest upon the
attainment of certain performance criteria
(the “Performance Target for the Vested
Restricted Stock”), as set forth on Schedule
I of Employee’s Second Amended and Restated
Employment Agreement (the “Employment
Agreement”) with the Company and Golf Galaxy,
Inc., dated as of February 13, 2007
(“Performance Vested Shares”).
	 
	 	 
	Type of Shares:

	 	Common Stock, par value $0.01 per share
	 
	 	 
	Forfeiture Restrictions:

	 	Employee shall have all of the rights and
privileges of a stockholder of the Company
with regard to the Shares, except that the
following restrictions shall apply:
	 
	 	 
	 

	 	(a) The Shares may not be sold, assigned,
pledged, exchanged, hypothecated, gifted or
otherwise transferred, encumbered or disposed
of to the extent then subject to these
Forfeiture Restrictions. Employee represents
and warrants to Company that he/she shall not
sell, assign, pledge, exchange, hypothecate,
gift or otherwise transfer, encumber or
dispose of the Shares, or subject the Shares
to any adverse right, in violation of
applicable securities laws or the provisions
of this Agreement. The Company may refuse to
register the transfer of the Shares on the
stock transfer records of the Company if such
transfer constitutes a violation of any
applicable securities law or this Agreement,
and the Company may give related instructions
to its transfer agent, if any, to stop
registration of the transfer of the Shares.
	 
	 	 
	 

	 	(b) Any certificates representing the Shares
shall bear such legend or legends as the
Company deems appropriate in order to assure
compliance with this Agreement, the Plan and
applicable securities laws. During the period
of time when the Shares are subject to the
Forfeiture Restrictions, all certificates
representing Shares shall be endorsed with
the following legend (in addition to any
other legend required by applicable
securities laws or any agreement by which the
Company is bound):
	 
	 	 
	 

	 	THE SALE OR OTHER TRANSFER OF THE SHARES
OF STOCK REPRESENTED BY THIS CERTIFICATE IS
SUBJECT TO CERTAIN RESTRICTIONS SET FORTH IN
THE RESTRICTED STOCK AWARD AGREEMENT UNDER
THE COMPANY’S 2002 STOCK PLAN, ADMINISTRATIVE
RULES ADOPTED PURSUANT TO SUCH PLAN AND
BETWEEN THE REGISTERED OWNER AND THE COMPANY.
A COPY OF THE PLAN AND THE RESTRICTED STOCK
AWARD AGREEMENT MAY BE OBTAINED FROM THE
SECRETARY OF THE COMPANY.
	 
	 	 
	 

	 	(c) The Shares, to the extent then
subject to these Forfeiture Restrictions and
otherwise than as set forth the Employment
Agreement, shall be automatically forfeited
to the Company upon Employee’s termination of
employment for (i) Cause (as defined in the
Employment Agreement), (ii) by the Employee
pursuant to termination under Section 4.4 of
the Employment Agreement, or (iii) death or
disability, in each case without any action
by the

 

 

	 	 	 
	 

	 	Company or payment therefor.
	 
	 	 
	 

	 	(d) If all or any portion of the Shares are
forfeited under this Agreement, Employee
shall take all necessary actions to transfer
the forfeited Shares to the Company,
including, but not limited to, endorsing in
blank or duly endorsing a stock power
attached to any certificate representing
forfeited Shares transferred, all in form
suitable for the transfer of such forfeited
Shares to the Company.
	 
	 	 
	 

	 	(e) If all or any portion of the Shares are
forfeited under this Agreement, all rights of
a stockholder with respect to such Shares,
including the right to vote and receive
dividends with respect thereto, shall cease
immediately on the date of the forfeiture.
	 
	 	 
	 

	 	(f) These Forfeiture Restrictions shall be
binding upon, and enforceable against, any
transferee of the Shares.
	 
	 	 
	Lapse Date:

	 	The Forfeiture Restrictions shall lapse as to
the Shares in accordance with the schedule
below:
	 
	 	 
	 

	 	§    With respect to the Time Vested
Shares, three (3) years from the Date of
Grant, if Employee is employed by the Company
as of such date.

	 
	 	 
	 

	 	§    With respect to the Performance
Vested Shares, three (3) years from the Date
of Grant, if Employee is employed by the
Company as of such date and so long as the
Performance Target for the Vested Restricted
Stock is satisfied in accordance with the
terms of the Employment Agreement.

	 
	 	 
	 

	 	Upon termination of Employee by the Company
for any reason other than Cause or by
Employee for Good Reason (each as defined in
the Employment Agreement), then as to Shares
held by Employee on the date of termination:
	 

	 	(i) any unvested portion of the Time Vested
Shares shall immediately vest, and (ii) any
unvested portion of Employee’s Performance
Vested Shares shall vest (A) only when and to
the extent that the Performance Target for
the Vested Restricted Stock for the
three-year period has been met as set forth
in the Employment Agreement and/or (B) only,
and to the extent, that as of the date of
termination the Company is then on target to
achieve the Performance Target for the Vested
Restricted Stock (measured at such date).
	 
	 	 
	 

	 	As soon as administratively practicable
following the lapse of the Forfeiture
Restrictions without a forfeiture of the
applicable Shares, and upon the satisfaction
of all other applicable conditions as to such
Shares, including, but not limited to, the
payment by Employee of all applicable
withholding taxes, if any, the Company shall
deliver or cause to be delivered to Employee
shares of Common Stock, which may be in the
form of a certificate(s) equal in number to
the applicable Shares, which shall not be
subject to the transfer restrictions set
forth above and shall not bear the legend
described above. The Company shall have the
authority to withhold, or to require Employee
to remit to the Company, prior to issuance or
delivery of any Shares or the removal of any
stop order or transfer restrictions on the
Shares or any restrictive legends on the
certificates representing the Shares, an
amount sufficient to satisfy federal, state
and local tax withholding requirements
associated with this Award. Additionally, the
Company, in its sole discretion, shall have
the right to withhold from Employee Shares
with a Fair Market Value equal to the
federal, state and local tax withholding
requirements associated with this Award. To
the extent required for compliance with
Section 162(m) of the Code, if applicable to
Employee, the Committee shall have such
authority and make such determination over
the Award as necessary to comply with the
terms of the Plan and Section 162(m) of the
Code.
	 
	 	 
	Taxes and Section 83(b) Election:

	 	Employee shall be solely responsible for any
taxes payable on the transfer of the Shares.
Employee shall promptly pay to the Company,
or make arrangements satisfactory to the
Company regarding payment of any federal,

2

 

	 	 	 
	 

	 	state or local taxes of any kind required by
law to be withheld with respect to the
receipt of the Shares (including in cases
where he or she has made an election in
accordance with Section 83(b) of the Code
(the “Election”)), and any tax obligation of
Employee arising in connection with the
Election and the Employee shall indemnify and
hold harmless the Company and its affiliates
for any taxes payable on the transfer of the
Shares hereunder. Employee acknowledges that
(a) Employee has been informed of the
availability of making an Election; (b) that
the Election must be filed with the Internal
Revenue Service within thirty (30) days of
the Date of Grant; and (c) that Employee is
solely responsible for making such Election.
Employees who do not make the Election
acknowledge that dividends, if any, on the
Shares will be treated as compensation and
subject to tax withholding in accordance with
the Company’s practices and policies.
Employee shall send a copy of the Election to
the Chief Administrative Officer, Chief
Financial Officer and Director of Tax &
Treasury Services of the Company at the
address below.
	 
	 	 
	Notices:

	 	Every notice or other communication relating
to this Agreement shall be in writing and
shall be mailed or delivered to the party for
whom it is intended at such address as may
from time to time be designated by it in a
notice mailed or delivered to the other party
as herein provided; provided, however, that
unless and until some other address be so
designated and unless otherwise provided in
this Agreement, all notices or communications
by Employee to the Company shall be mailed or
delivered to the Secretary of the Company at
its office at 300 Industry Drive, RIDC Park
West, Pittsburgh, PA 15275 and all notices
or communications by the Company to
Participant may be given to Participant
personally or may be mailed to him.
	 
	 	 
	Entire Agreement; Amendment or Modification;
Governing Law:

	 	The Plan is incorporated herein by reference.
The Plan, the Employment Agreement and this
Agreement constitute the entire agreement of
the parties with respect to the subject
matter hereof and supersede in their entirety
all prior undertakings and agreements of the
Company and Employee with respect to the
subject matter hereof.
	 
	 	 
	 

	 	The Agreement may only be amended or
terminated at any time by written agreement
of both of the parties hereto.
Notwithstanding the foregoing or any
provision of this Agreement to the contrary,
Section 4.6 of the Employment Agreement will
control to the extent necessary to conform
the provisions of the Agreement with Section
409A of the Code.
	 
	 	 
	 

	 	This agreement is governed by the internal
substantive laws but not the choice of law
rules of the State of Delaware.
	 
	 	 
	No Guarantee of Continued Service:

	 	EMPLOYEE ACKNOWLEDGES AND AGREES THAT THE
VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING
AS AN EMPLOYEE OR UPON THE ATTAINMENT OF THE
PERFORMANCE TARGET FOR THE VESTED RESTRICTED
STOCK, AS THE CASE MAY BE (NOT THROUGH THE
ACT OF BEING HIRED, BEING GRANTED OR
ACQUIRING THE SHARES HEREUNDER). EMPLOYEE
FURTHER ACKNOWLEDGES AND AGREES THAT THIS
AGREEMENT, THE TRANSACTIONS CONTEMPLATED
HEREUNDER AND THE VESTING SCHEDULE SET FORTH
HEREIN DO NOT CONSTITUTE AN EXPRESS OR
IMPLIED PROMISE OF CONTINUED ENGAGEMENT FOR
THE VESTING PERIOD, FOR ANY PERIOD, OR AT
ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH
EMPLOYEE’S RIGHT OR THE COMPANY’S RIGHT TO
TERMINATE EMPLOYEE’S RELATIONSHIP AS SET
FORTH IN THE EMPLOYMENT AGREEMENT.
	 
	 	 
	Incorporation of Plan:

	 	Employee acknowledges receipt of a copy of
one of the following: (i) the Company’s
annual report for its last fiscal year, (ii)
the Company’s Form 10-K for its last fiscal
year, or (iii) the last prospectus filed by
the Company, and represents that he or she is
familiar with the terms and provisions
thereof, and

3

 

	 	 	 
	 

	 	hereby accepts this Award
subject to all of the terms and provisions
thereof. Employee has reviewed the Plan and
this Agreement in their entirety, has had an
opportunity to obtain the advice of counsel
prior to executing this Agreement and fully
understands all provisions of the Agreement.
Employee hereby agrees to accept as binding,
conclusive and final all decisions or
interpretations of the Administrator upon any
questions arising under the Plan or this
Agreement.
	 
	 	 
	Interpretation and Construction:

	 	Whenever possible, each provision in this
Agreement will be interpreted in such manner
as to be effective and valid under applicable
law, but if any provision of this Agreement
will be held to be prohibited by or invalid
under applicable law, then (a) such
provisions will be deemed amended to
accomplish the objectives of the provisions
as originally written to the fullest extent
permitted by law and (b) all other provisions
of this Agreement will remain in full force
and effect. If any benefit provided under
this Agreement is subject to the provisions
of Section 409A of the Code and the
regulations issued thereunder, the provisions
of the Agreement shall be administered,
interpreted and construed in a manner
necessary to comply with Section 409A and the
regulations issued thereunder (or disregarded
to the extent such provision cannot be so
administered, interpreted, or construed.)
	 
	 	 
	 

	 	No rule of strict construction will be
implied against the Company or any other
person in the interpretation of any of the
terms of this Agreement or any rule or
procedure established by the Administrator.
	 
	 	 
	Power of Attorney:

	 	Employee hereby grants to the Company a power
of attorney and declares that the Company
shall be the attorney-in-fact to act for and
on behalf of the Employee, to act in his/her
name, place and stead, in connection with any
and all transfers of Shares, whether or not
vested, to the Company pursuant to this
Agreement, including in the event of
Employee’s termination of employment.
	 
	 	 
	Assurances:

	 	Employee agrees, upon demand of the Company,
to do all acts and execute, deliver and
perform all additional documents, instruments
and agreements that may be required by the
Company to implement the provisions and
purposes of this Agreement.

All other terms and conditions applicable to this Award shall be as set forth in the Plan.

All terms used but not defined herein shall have the meanings ascribed to them in the Plan.

	 	 	 	 	 	 	 	 	 
	EMPLOYEE:	 	 	 	DICK’S SPORTING GOODS, INC.:
	 
	 	 	 	 	 	 	 	 
	/s/ Randall K. Zanatta

	 	 	 	 	 	By:
	 	/s/ William R. Newlin
	 

	 	 	 	 	 	 	 	 
	Signature

	 	 	 	 	 	 	 	Authorized Officer
	 
	 	 	 	 	 	 	 	 
	Randall K. Zanatta
	 	 	 	 	 	 	 	 
	 

Print Name

	 	 	 	 	 	 	 	 

4

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