Document:

EX-10.E Eva Incentive Compensation Plan.

 

Exhibit (10)e.

GENESCO INC.

AMENDED AND RESTATED

EVA INCENTIVE COMPENSATION PLAN

1. Purpose.

The purposes of the Genesco Inc. EVA Incentive Compensation Plan (“the Plan”) are to motivate and
reward excellence and teamwork in achieving maximum improvement in shareholder value; to provide
attractive and competitive total cash compensation opportunities for exceptional corporate and
business unit performance; to reinforce the communication and achievement of the mission,
objectives and goals of the Company; to motivate managers to think strategically (long term) as
well as tactically (short term); and to enhance the Company’s ability to attract, retain and
motivate the highest caliber management team. The purposes of the Plan shall be carried out by
payment to eligible participants of annual incentive cash awards, subject to the terms and
conditions of the Plan and the discretion of the Compensation Committee of the board of directors
of the Company.

2. Authorization.

On February 24, 2004, the Compensation Committee approved the Plan. On April 26, 2005, and
February 20, 2007, the Committee amended the Plan.

3. Selection of Participants.

Participants shall be selected annually by the Chief Executive Officer from among full-time
employees of the Company who serve in operational, administrative, professional or technical
capacities. The participation and target bonus amounts of Company officers and the Management
Committee shall be approved by the Compensation Committee with the advice of the Chief Executive
Officer. The Chief Executive Officer shall not be eligible to participate in the Plan.

The Chief Executive Officer shall annually assign participants to a Business Unit. For
participants whose Business Unit consists of more than one profit center, the Chief Executive
Officer shall determine in advance the relative weight to be given to the performance of each
profit center in the calculation of awards. If a participant is transferred to a different
business unit during the Plan Year he or she shall be eligible to receive a bonus for each of the
Business Units to which the participant was assigned during the Plan Year, prorated for the amount
of time worked in each assignment, unless the Chief Executive Officer determines that a different
proration is warranted in the circumstances.

In the event of another significant change in the responsibilities and duties of a participant
during a Plan Year, the Chief Executive Officer shall have the authority, in his sole discretion,
to terminate

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the participant’s participation in the Plan, if such change results in diminished
responsibilities, or to make such changes as he deems appropriate in (i) the target award the
participant is eligible to earn, (ii) the participant’s applicable goal(s) and (iii) the period
during which the participant’s applicable award applies.

4. Participants Added During Plan Year.

A person selected for participation in the Plan after the beginning of a Plan Year will be eligible
to earn a prorated portion of the award the participant might have otherwise earned for a full
year’s service under the Plan during that Plan Year, provided the participant is actively employed
as a participant under the Plan for at least 120 days during the Plan Year. The amount of the
award, if any, earned by such participant for such Plan Year shall be based on the number of full
months of the Plan Year during which the employee participated in the Plan.

5. Disqualification for Unsatisfactory Performance.

Any participant whose performance is found to be unsatisfactory or who shall have violated in any
material respect the Company’s Policy on Legal Compliance and Ethical Business Practices shall not
be eligible to receive an award under the Plan in the current Plan Year. The participant shall be
eligible to be considered by the Chief Executive Officer for reinstatement to the Plan in
subsequent Plan Years. Any determination of unsatisfactory performance or of violation of the
Company’s Policy on Legal Compliance and Ethical Business Practices shall be made by the Chief
Executive Officer. Participants who are found ineligible for participation in a Plan Year due to
unsatisfactory performance will be so notified in writing prior to October 31 of the Plan Year.

6. Termination of Employment.

A participant whose employment is terminated voluntarily or involuntarily, except by reason of
death, medical disability or voluntary retirement, prior to the end of a Plan Year shall not be
eligible to receive an award under the Plan. A participant who voluntarily retires, is on medical
leave of absence or the estate of a participant who dies during the Plan Year will be eligible to
receive the sum of a prorated portion of the award (positive or negative) the participant would
have otherwise received for a full year’s service under the Plan, provided the participant is
actively employed as a participant under the Plan for at least 120 days during the Plan Year, and
the participant’s bonus bank (positive or negative). The amount of any award payable to such
disabled or retired participant or the estate of such deceased participant shall be based on the
number of full months of the Plan Year during which the disabled, retired or deceased employee was
classified in the Company’s payroll system as an active employee. A participant who has received
or is receiving severance pay at the end of the Plan Year shall be considered a terminated employee
and shall not be eligible to receive an award under the Plan.

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7. Economic Value Added (“EVA”) Calculation

EVA for a Business Unit or the entire Company, as applicable, shall be the result of a Business
Unit’s or the Company’s net operating profit after taxes less a charge for capital employed by that
Business Unit or the Company. The Company will track the change in EVA by Business Unit over each
Plan Year for the purpose of determining bonus as further described below.

8. Amount of Awards.

Participants are eligible to earn cash awards based on (i) change in EVA for a Business Unit and
(ii) achievement of individual Performance Plan Goals to be approved by the Chief Executive Officer
prior to March 31 of each Plan Year. Prior to the beginning of each Plan Year, the Chief Executive
Officer will establish for each Business Unit and for the Company as a whole target levels of
expected changes in EVA for each Business Unit and for the Company for such Plan Year and a range
of multiples to be applied to the participant’s target bonus based on actual performance for the
Plan Year. The multiple related to Business Unit performance is referred to as the “Business Unit
Multiple.” If a participant’s Business Unit is comprised of more than one profit center, the Chief
Executive Officer shall determine the relative weight to be assigned to each profit center’s
Business Unit Multiple. The Business Unit Multiple for such participant shall be the weighted
average of the Business Unit Multiples for each profit center comprising the participant’s Business
Unit. The multiple related to the performance of the Company as a whole is referred to as the
“Corporate Multiple.” The Corporate Multiple and Business Unit Multiples may be positive or
negative and may consist of whole numbers or fractions. Not later than March 31 the Plan Year, the
participant and the participant’s supervisor shall agree on a set of strategic performance
objectives for the participant for the Plan Year (the “Performance Plan Goals”).

The “Declared Bonus” shall be determined as follows:

For participants who are Business Unit Presidents, the Declared Bonus shall equal the sum of (A)
the Business Unit Multiple times one-half the participant’s target bonus plus (B) the Corporate
Multiple times one-quarter of the participant’s target bonus plus (C) the percentage of the
participant’s achievement of his or her Performance Plan Goals determined by the participant’s
supervisor (the “Performance Plan Percentage”) times one-quarter of the participant’s target bonus
times the Business Unit Multiple; provided, however that if the Business Unit Multiple is a
negative number, the Performance Plan Percentage shall be 100%.

For other Business Unit participants, the Declared Bonus shall equal the sum of (A) the Business
Unit Multiple times 75% of the participant’s target bonus plus (B) the Business Unit Multiple times
25% of the participant’s target bonus times the Performance Plan Percentage; provided, however that
if the Business Unit Multiple is a negative number, the Performance Plan Percentage shall be 100%.

3

 

For the Corporate Staff participants, the Declared Bonus shall equal the sum of (A) the Corporate
Multiple times 75% of the participant’s target bonus plus (B) the Corporate Multiple times 25% of
the participant’s target bonus times the Performance Plan Percentage; provided that, if the
Corporate Multiple is a negative number, the Performance Plan Percentage shall be 100%.

A participant’s bonus payout at the end of the Plan Year shall be equal to the sum of: (i) the
Declared Bonus, up to three times the participant’s target bonus for the Plan Year plus (ii)
one-third of the participant’s Declared Bonus in excess of three times the target bonus, provided,
however, that in years in which a positive Declared Bonus is earned but a negative bank balance
exists to be repaid, 50% of the Declared Bonus in excess of two times the target bonus will be
credited to the negative bank.

A “Bonus Bank” shall be established for each participant each year and shall consist of: (i) the
participant’s positive Declared Bonus not distributed because of payout limitations or (ii) the
participant’s negative Declared Bonus, as applicable. The positive Bonus Bank established for each
Plan Year shall be paid out in three equal annual installments beginning the year following the
Current Plan year except that positive bank balances that exist from prior years will be fully
netted against a negative award in the year the negative award is realized. The negative Bonus
Bank established for any Plan Year shall be eliminated to the extent not repaid pursuant to the
preceding paragraph at the end of three years following the Plan Year with respect to which it
arose.

Any positive balance in the Bonus Bank shall be payable without interest promptly upon the
Company’s termination of the participant’s employment without “Cause,” or upon the participant’s
death or retirement. “Cause” for termination for purposes of this Plan means any act of dishonesty
involving the Company, any violation of the Policy on Legal Compliance and Ethical Business
Practices as then in effect, any breach of fiduciary duty owed to the Company, persistent or
flagrant failure to follow the lawful directives of the board of directors or of the executive to
whom the participant reports or conviction of a felony.

Nothing in this Plan (including but not limited to the foregoing definition of Cause) shall in any
manner alter the participant’s status as an employee at will or limit the Company’s right or
ability to terminate the participant’s employment for any reason or for no reason at all. Upon
termination for Cause or voluntary termination at the participant’s instance, any unpaid portion of
the “Bonus Bank” will be forfeited by the participant.

9. Payment of Awards.

Any awards payable under the Plan (including awards with respect to participants who die, are
placed on medical leave of absence or voluntarily retire during the Plan Year), other than the
amount, if any, to be credited to the Bonus Bank, will be made in cash, net of applicable
withholding taxes, as soon as reasonably practicable after the end of the Plan Year, but in no
event prior to the date on which the Company’s audited financial statements for the Plan Year are
reviewed by the audit committee of the Company’s board of directors. The positive Bonus Bank
balance will be paid

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in cash, net of applicable withholding taxes, as soon as reasonably
practicable after the date on which it becomes payable.

10. Plan Administration.

The Chief Executive Officer shall have final authority to interpret the provisions of the Plan.
Interpretations by the Chief Executive Officer which are not patently inconsistent with the express
provisions of the Plan shall be conclusive and binding on all participants and their designated
beneficiaries. It is the responsibility of the Senior Vice President Human Resources &
Administration (i) to cause each person selected to participate in the Plan to be furnished with a
copy of the Plan and to be notified in writing of such selection, the applicable goals and the
range of the awards for which the participant is eligible; (ii) to cause the awards to be
calculated in accordance with the Plan; and (iii) except to the extent reserved to the Chief
Executive Officer or the Compensation Committee hereunder, to administer the Plan consistent with
its express provisions.

11. Non-assignability.

A participant may not at any time encumber, transfer, pledge or otherwise dispose of or alienate
any present or future right or expectancy that the participant may have at any time to receive any
payment under the Plan. Any present or future right or expectancy to any such payment is
non-assignable and shall not be subject to execution, attachment or similar process.

12. Miscellaneous.

Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate
any participant’s employment or to change any participant’s duties and responsibilities, nor confer
upon any participant the right to be selected to participate in any incentive compensation plans
for future years. Neither the Chief Executive Officer, the Senior Vice President Human Resources &
Administration, nor the Compensation Committee shall have any liability for any action taken or
determination made under the Plan in good faith.

13. Binding on Successors.

The obligations of the Company under the Plan shall be binding upon any organization which shall
succeed to all or substantially all of the assets of the Company, and the term Company, whenever
used in the Plan, shall mean and include any such organization after the succession. If the
subject matter of this Section 13 is covered by a change-in-control agreement or similar agreement
which is more favorable to the participant than this Section 13, such other agreement shall govern
to the extent applicable and to the extent inconsistent herewith.

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14. Definitions.

“EVA” means the economic value added to the Company during the Plan Year as determined by the net
operating profit in a particular Business Unit as reflected on the Company’s books for internal
reporting purposes, reduced by the cost of capital.

“Business Unit” means any of the Company’s profit centers or any combination of two or more of the
profit centers, which comprise Genesco Inc.

The “Chief Executive Officer” means the president and chief executive officer of the Company.

The “Company” means Genesco Inc. and any wholly owned subsidiary of Genesco Inc.

The “Compensation Committee” means the compensation committee of the board of directors of the
Company.

The “Plan” means this EVA Incentive Compensation Plan for the Plan Year.

“Plan Year” means the fiscal year of the Company.

The “Senior Vice President Human Resources & Administration” means the senior vice president Human
Resources & Administration of Genesco Inc. or any person fulfilling the functions of such office.

The “Management Committee” means executives of the Company with a direct reporting relationship to
the Chief Executive Officer.

6EX-10.F Amended and Restated

 

Exhibit (10)f.

GENESCO INC.

AMENDED AND RESTATED

EVA INCENTIVE COMPENSATION PLAN

(as amended effective August 22, 2007)

	1.	 	Purpose.

The purposes of the Genesco Inc. EVA Incentive Compensation Plan (“the Plan”) are to motivate and
reward excellence and teamwork in achieving maximum improvement in shareholder value; to provide
attractive and competitive total cash compensation opportunities for exceptional corporate and
business unit performance; to reinforce the communication and achievement of the mission,
objectives and goals of the Company; to motivate managers to think strategically (long term) as
well as tactically (short term); and to enhance the Company’s ability to attract, retain and
motivate the highest caliber management team. The purposes of the Plan shall be carried out by
payment to eligible participants of annual incentive cash awards, subject to the terms and
conditions of the Plan and the discretion of the Compensation Committee of the board of directors
of the Company.

	2.	 	Authorization.

On February 24, 2004, the Compensation Committee approved the Plan. On April 26, 2005, February
20, 2007, and August 22, 2007, the Committee amended the Plan.

	3.	 	Selection of Participants.

Participants shall be selected annually by the Chief Executive Officer from among full-time
employees of the Company who serve in operational, administrative, professional or technical
capacities. The participation and target bonus amounts of Company officers and the Management
Committee shall be approved by the Compensation Committee with the advice of the Chief Executive
Officer. The Chief Executive Officer shall not be eligible to participate in the Plan.

The Chief Executive Officer shall annually assign participants to a Business Unit. For
participants whose Business Unit consists of more than one profit center, the Chief Executive
Officer shall determine in advance the relative weight to be given to the performance of each
profit center in the calculation of awards. If a participant is transferred to a different
business unit during the Plan Year he or she shall be eligible to receive a bonus for each of the
Business Units to which the participant was assigned during the Plan Year, prorated for the amount
of time worked in each assignment, unless the Chief Executive Officer determines that a different
proration is warranted in the circumstances.

In the event of another significant change in the responsibilities and duties of a participant
during a Plan Year, the Chief Executive Officer shall have the authority, in his sole discretion,
to terminate the participant’s participation in the Plan, if such change results in diminished
responsibilities, or to

 

 

make such changes as he deems appropriate in (i) the target award the participant is eligible to
earn, (ii) the participant’s applicable goal(s) and (iii) the period during which the participant’s
applicable award applies.

	4.	 	Participants Added During Plan Year.

A person selected for participation in the Plan after the beginning of a Plan Year will be eligible
to earn a prorated portion of the award the participant might have otherwise earned for a full
year’s service under the Plan during that Plan Year, provided the participant is actively employed
as a participant under the Plan for at least 120 days during the Plan Year. The amount of the
award, if any, earned by such participant for such Plan Year shall be based on the number of full
months of the Plan Year during which the employee participated in the Plan.

	5.	 	Disqualification for Unsatisfactory Performance.

Any participant whose performance is found to be unsatisfactory or who shall have violated in any
material respect the Company’s Policy on Legal Compliance and Ethical Business Practices shall not
be eligible to receive an award under the Plan in the current Plan Year. The participant shall be
eligible to be considered by the Chief Executive Officer for reinstatement to the Plan in
subsequent Plan Years. Any determination of unsatisfactory performance or of violation of the
Company’s Policy on Legal Compliance and Ethical Business Practices shall be made by the Chief
Executive Officer. Participants who are found ineligible for participation in a Plan Year due to
unsatisfactory performance will be so notified in writing prior to October 31 of the Plan Year.

	6.	 	Termination of Employment.

A participant whose employment is terminated voluntarily or involuntarily, except by reason of
death, medical disability or voluntary retirement, prior to the end of a Plan Year shall not be
eligible to receive an award under the Plan. A participant who voluntarily retires, is on medical
leave of absence or the estate of a participant who dies during the Plan Year will be eligible to
receive the sum of a prorated portion of the award (positive or negative) the participant would
have otherwise received for a full year’s service under the Plan, provided the participant is
actively employed as a participant under the Plan for at least 120 days during the Plan Year, and
the participant’s bonus bank (positive or negative). The amount of any award payable to such
disabled or retired participant or the estate of such deceased participant shall be based on the
number of full months of the Plan Year during which the disabled, retired or deceased employee was
classified in the Company’s payroll system as an active employee. A participant who has received
or is receiving severance pay at the end of the Plan Year shall be considered a terminated employee
and shall not be eligible to receive an award under the Plan.

2

 

	7.	 	Economic Value Added (“EVA”) Calculation

EVA for a Business Unit or the entire Company, as applicable, shall be the result of a Business
Unit’s or the Company’s net operating profit after taxes less a charge for capital employed by that
Business Unit or the Company. The Company will track the change in EVA by Business Unit over each
Plan Year for the purpose of determining bonus as further described below.

	8.	 	Amount of Awards.

Participants are eligible to earn cash awards based on (i) change in EVA for a Business Unit and
(ii) achievement of individual Performance Plan Goals to be approved by the Chief Executive Officer
prior to March 31 of each Plan Year. Prior to the beginning of each Plan Year, the Chief Executive
Officer will establish for each Business Unit and for the Company as a whole target levels of
expected changes in EVA for each Business Unit and for the Company for such Plan Year and a range
of multiples to be applied to the participant’s target bonus based on actual performance for the
Plan Year. The multiple related to Business Unit performance is referred to as the “Business Unit
Multiple.” If a participant’s Business Unit is comprised of more than one profit center, the Chief
Executive Officer shall determine the relative weight to be assigned to each profit center’s
Business Unit Multiple. The Business Unit Multiple for such participant shall be the weighted
average of the Business Unit Multiples for each profit center comprising the participant’s Business
Unit. The multiple related to the performance of the Company as a whole is referred to as the
“Corporate Multiple.” The Corporate Multiple and Business Unit Multiples may be positive or
negative and may consist of whole numbers or fractions. Not later than March 31 the Plan Year, the
participant and the participant’s supervisor shall agree on a set of strategic performance
objectives for the participant for the Plan Year (the “Performance Plan Goals”).

The “Declared Bonus” shall be determined as follows:

For participants who are Business Unit Presidents, the Declared Bonus shall equal the sum of (A)
the Business Unit Multiple times one-half the participant’s target bonus plus (B) the Corporate
Multiple times one-quarter of the participant’s target bonus plus (C) the percentage of the
participant’s achievement of his or her Performance Plan Goals determined by the participant’s
supervisor (the “Performance Plan Percentage”) times one-quarter of the participant’s target bonus
times the Business Unit Multiple; provided, however that if the Business Unit Multiple is a
negative number, the Performance Plan Percentage shall be 100%.

For other Business Unit participants, the Declared Bonus shall equal the sum of (A) the Business
Unit Multiple times 75% of the participant’s target bonus plus (B) the Business Unit Multiple times
25% of the participant’s target bonus times the Performance Plan Percentage; provided, however that
if the Business Unit Multiple is a negative number, the Performance Plan Percentage shall be 100%.

For the Corporate Staff participants, the Declared Bonus shall equal the sum of (A) the Corporate
Multiple times 75% of the participant’s target bonus plus (B) the Corporate Multiple times 25% of

3

 

the participant’s target bonus times the Performance Plan Percentage; provided that, if the
Corporate Multiple is a negative number, the Performance Plan Percentage shall be 100%.

A participant’s bonus payout at the end of the Plan Year shall be equal to the sum of: (i) the
Declared Bonus, up to three times the participant’s target bonus for the Plan Year plus (ii)
one-third of the participant’s Declared Bonus in excess of three times the target bonus, provided,
however, that in years in which a positive Declared Bonus is earned but a negative bank balance
exists to be repaid, 50% of the Declared Bonus in excess of two times the target bonus will be
credited to the negative bank.

A “Bonus Bank” shall be established for each participant each year and shall consist of: (i) the
participant’s positive Declared Bonus not distributed because of payout limitations or (ii) the
participant’s negative Declared Bonus, as applicable. The positive Bonus Bank established for each
Plan Year shall be paid out in three equal annual installments beginning the year following the
Current Plan year except that positive bank balances that exist from prior years will be fully
netted against a negative award in the year the negative award is realized. The negative Bonus
Bank established for any Plan Year shall be eliminated to the extent not repaid pursuant to the
preceding paragraph at the end of three years following the Plan Year with respect to which it
arose.

Any positive balance in the Bonus Bank shall be payable without interest promptly upon the
Company’s termination of the participant’s employment without “Cause,” or upon the participant’s
death or retirement. “Cause” for termination for purposes of this Plan means any act of dishonesty
involving the Company, any violation of the Policy on Legal Compliance and Ethical Business
Practices as then in effect, any breach of fiduciary duty owed to the Company, persistent or
flagrant failure to follow the lawful directives of the board of directors or of the executive to
whom the participant reports or conviction of a felony.

Nothing in this Plan (including but not limited to the foregoing definition of Cause) shall in any
manner alter the participant’s status as an employee at will or limit the Company’s right or
ability to terminate the participant’s employment for any reason or for no reason at all. Upon
termination for Cause or voluntary termination at the participant’s instance, any unpaid portion of
the “Bonus Bank” will be forfeited by the participant.

	9.	 	Specification of Payment Date for Performance Awards.

Any awards payable under the Plan (including awards with respect to participants who die, are
placed on medical leave of absence or voluntarily retire during the Plan Year), other than the
amount, if any, to be credited to the Bonus Bank, will be made in cash, net of applicable
withholding taxes, by the fifteenth day of the third month following the close of the Plan Year,
but in no event prior to the date on which the Company’s audited financial statements for the Plan
Year are reviewed by the audit committee of the Company’s board of directors. The positive Bonus
Bank balance will be paid in cash, net of applicable withholding taxes, on the second and third
anniversaries of the payment of the Declared Bonus to which such amounts relate, subject to
reduction as provided in Article 8 hereof.

4

 

It is intended that (1) each installment of the payments provided under this Plan is a separate
“payment” for purposes of Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as
amended (the “Code”), and (2) that the payments satisfy, to the greatest extent possible, the
exemptions from the application of Section 409A provided under Treasury Regulation Sections
1.409A-1(b)(4), 1.409A-1(b)(9)(iii), and 1.409A-1(b)(9)(v). Notwithstanding anything to the
contrary in this Plan, if the Company determines (i) that on the date a participant’s employment
with the Company terminates or at such other time that the Company determines to be relevant, the
participant is a “specified employee” (as such term is defined under Section 409A) of the Company
and (ii) that any payments to be provided to the participant pursuant to this Plan are or may
become subject to the additional tax under Section 409(A)(a)(1)(B) of the Code or any other taxes
or penalties imposed under Section 409A of the Code (“Section 409A Taxes”) if provided at the time
otherwise required under this Plan then (A) such payments shall be delayed until the date that is
six months after the date of the participant’s “separation from service” (as such term is defined
under Section 409A of the Code) with the Company, or such shorter period that, as determined by the
Company, is sufficient to avoid the imposition of Section 409A Taxes (the “Payment Delay Period”)
and (B) such payments shall be increased by an amount equal to interest on such payments for the
Payment Delay Period at a rate equal to the prime rate in effect as of the date the payment was
first due (for this purpose, the prime rate will be based on the rate published from time to time
in The Wall Street Journal).

	10.	 	Plan Administration.

The Chief Executive Officer shall have final authority to interpret the provisions of the Plan.
Interpretations by the Chief Executive Officer which are not patently inconsistent with the express
provisions of the Plan shall be conclusive and binding on all participants and their designated
beneficiaries. It is the responsibility of the Senior Vice President Human Resources &
Administration (i) to cause each person selected to participate in the Plan to be furnished with a
copy of the Plan and to be notified in writing of such selection, the applicable goals and the
range of the awards for which the participant is eligible; (ii) to cause the awards to be
calculated in accordance with the Plan; and (iii) except to the extent reserved to the Chief
Executive Officer or the Compensation Committee hereunder, to administer the Plan consistent with
its express provisions.

	11.	 	Non-assignability.

A participant may not at any time encumber, transfer, pledge or otherwise dispose of or alienate
any present or future right or expectancy that the participant may have at any time to receive any
payment under the Plan. Any present or future right or expectancy to any such payment is
non-assignable and shall not be subject to execution, attachment or similar process.

	12.	 	Miscellaneous.

Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate
any participant’s employment or to change any participant’s duties and responsibilities, nor confer

5

 

upon any participant the right to be selected to participate in any incentive compensation plans
for future years. Neither the Chief Executive Officer, the Senior Vice President Human Resources &
Administration, nor the Compensation Committee shall have any liability for any action taken or
determination made under the Plan in good faith.

	13.	 	Binding on Successors.

The obligations of the Company under the Plan shall be binding upon any organization which shall
succeed to all or substantially all of the assets of the Company, and the term Company, whenever
used in the Plan, shall mean and include any such organization after the succession. If the
subject matter of this Section 13 is covered by a change-in-control agreement or similar agreement
which is more favorable to the participant than this Section 13, such other agreement shall govern
to the extent applicable and to the extent inconsistent herewith.

	14.	 	Definitions.

“EVA” means the economic value added to the Company during the Plan Year as determined by the net
operating profit in a particular Business Unit as reflected on the Company’s books for internal
reporting purposes, reduced by the cost of capital.

“Business Unit” means any of the Company’s profit centers or any combination of two or more of the
profit centers, which comprise Genesco Inc.

The “Chief Executive Officer” means the president and chief executive officer of the Company.

The “Company” means Genesco Inc. and any wholly owned subsidiary of Genesco Inc.

The “Compensation Committee” means the compensation committee of the board of directors of the
Company.

The “Plan” means this EVA Incentive Compensation Plan for the Plan Year.

“Plan Year” means the fiscal year of the Company.

The “Senior Vice President Human Resources & Administration” means the senior vice president Human
Resources & Administration of Genesco Inc. or any person fulfilling the functions of such office.

The “Management Committee” means executives of the Company with a direct reporting relationship to
the Chief Executive Officer.

6

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