Document:

EX-10.18

 Exhibit 10.18 

THE TJX COMPANIES, INC. 

PERFORMANCE-BASED RESTRICTED STOCK AWARD 

GRANTED UNDER STOCK INCENTIVE PLAN 

January 29, 2016 
 This certificate
evidences an award of performance-based restricted shares (“Restricted Stock”) of Common Stock, $1.00 par value, of The TJX Companies, Inc. (the “Company”) granted to the grantee named below
(“Grantee”) under the Company’s Stock Incentive Plan (the “Plan”). This award is subject to the terms and conditions of the Plan, the provisions of which, as from time to time amended, are incorporated by
reference in this certificate. Terms defined in the Plan are used in this certificate as so defined. 
  

					
	1.	  	 Grantee:	  	Carol Meyrowitz
			
	2.	  	 Number of Shares of Restricted Stock:	  	140,371, subject to the adjustment provisions of Section 3 of the Plan
			
	3.	  	 Date of Award:	  	January 29, 2016
			
	4.	  	 Performance and Service Vesting Criteria: 	  	

  

	 	(i)	Subject to the satisfaction by Grantee of the service condition specified in Section 4(ii) below and further subject to Sections 5 and 6 below: the total Number of Shares in each of the FY2017 Tranche and the FY2018
Tranche subject to this award shall be eligible to vest only if the Committee certifies that performance under the Company’s Management Incentive Plan (“MIP”) for the 2017 Fiscal Year has been achieved at or above the
PBRS Target Level for the 2017 Fiscal Year; provided that, if for the 2017 Fiscal Year the Committee certifies that MIP performance has been achieved at or above the PBRS Minimum Level but below the PBRS Target Level, the Number of Shares in each of
the FY2017 Tranche and the FY2018 Tranche that shall be eligible to vest shall be prorated on a straight line basis (with zero shares eligible to vest if the PBRS Minimum Level is not attained for the 2017 Fiscal Year). Except as the Committee may
otherwise determine, (A) “PBRS Target Level” means the MIP performance level for the 2017 Fiscal Year that results in a MIP payout of 67% of the corporate MIP target payout amount for such year and “PBRS Minimum
Level” means the lowest MIP performance level for the 2017 Fiscal Year that results in any corporate MIP payout amount for such year, and (B) this Restricted Stock award shall be treated as a Qualifying Award and references to MIP for
purposes of this Section 4 shall refer to MIP awards intended to qualify for exemption from the deductibility limits imposed by Section 162(m) of the Internal Revenue Code. If the Committee certifies that MIP performance for the 2017 Fiscal Year has
been achieved at a level below the PBRS Target Level, the portion of this Restricted Stock award that is no longer eligible to vest pursuant to the foregoing (including, for the avoidance of doubt, if MIP performance for the 2017 Fiscal Year is
below the PBRS Minimum Level, both the FY2017 Tranche and the FY2018 Tranche) will be immediately and automatically forfeited on the Determination Date. 

 

					
	 	  	 FY2017 Tranche
	  	 FY2018 Tranche

	Number of Shares1	  	70,186	  	70,185
	Determination Date	  	the date in calendar 2017 when the Committee certifies MIP performance results for FYE 2017
			
	Scheduled Vesting Date	  	Determination Date	  	February 3, 2018 (the last day of FYE 2018)

  

	 	(ii)	Subject to Sections 5 and 6 below, no shares in the FY2017 Tranche shall vest unless Grantee remains employed through January 28, 2017 (the last day of FYE 2017) and no shares in the FY2018 Tranche shall vest
unless Grantee remains employed through February 3, 2018 (the last day of FYE 2018) (the “Final Vesting Date”). Subject to the provisions of this award, the applicable Number of Shares for each of the FY2017 Tranche and the
FY2018 Tranche shall vest on the applicable Scheduled Vesting Date. 

  

	1 	Number of Shares is subject to adjustment pursuant to Section 3 of the Plan and/or proration pursuant to Section 4(i) above. 

	5.	Change of Control. Upon the occurrence of a Change of Control occurring while any portion of this award is outstanding, the provisions of this Section 5 shall apply to all shares of Restricted Stock not then
vested and not previously forfeited, notwithstanding any other provision of this award to the contrary (but subject, for the avoidance of doubt, to Section 11 below): 

 

	 	(i)	Upon consummation of the Change of Control occurring prior to the Determination Date, the performance vesting condition described in Section 4(i) above shall be deemed fully satisfied at the PBRS Target Level with
respect to any portion of this award that was outstanding immediately prior to consummation of the Change of Control. 

  

	 	(ii)	Upon consummation of the Change of Control whenever occurring, if the Committee does not provide for rollover shares as described in Section 5(iii) below, any unvested portion of this award (determined after giving
effect to the provisions of Section 5(i) above) that was outstanding immediately prior to consummation of the Change of Control shall automatically and immediately vest in full. 

 

	 	(iii)	The Committee in its discretion may, but shall not be required to, provide in connection with the Change of Control that, in lieu of the acceleration described in Section 5(ii) above, any unsatisfied service vesting
conditions described in Section 4(ii) above applicable to a share of Restricted Stock that was outstanding immediately prior to consummation of the Change of Control shall continue to apply (with such appropriate adjustments as the Committee may
determine) from and after the Change of Control to such share or to any stock, cash or other property into which such share is converted or for which it is exchanged in connection with the Change of Control (any such share or other stock, cash or
other property, a “rollover share”) on such terms and conditions as the Committee considers appropriate in the circumstances to reflect the transaction; provided that, in lieu of the provisions of Section 6(i), (ii) and (iii) below,
such continuing vesting conditions shall provide for accelerated vesting of each outstanding but unvested rollover share in the event Grantee’s employment is terminated in a “Change of Control Termination” (as defined in the
Employment Agreement). In any case where this Section 5(iii) applies, all references in this award to “Restricted Stock” shall be deemed to include, where appropriate, rollover shares as defined above. 

 

	 	(iv)	Subject to the continuing vesting condition provisions of Section 5(iii) above, the provisions of this Section 5 shall be applied on a basis that to the satisfaction of the Committee enables the Grantee to participate,
as applicable, as a shareholder (with respect to any portion of this award held by the Grantee immediately prior to the Change of Control) on the same basis as other holders of Stock. 

All references to the Committee in this Section 5 shall be construed to refer to the Committee as constituted and acting prior to consummation
of the Change of Control. For the avoidance of doubt, no Committee action permitted by this Section 5 will be treated as an action requiring the Grantee’s consent under Section 10 of the Plan. 

 

	6.	Termination of Employment: In the event of the termination of the employment of the Grantee with the Company and its subsidiaries for any reason prior to the Final Vesting Date, all shares of Restricted Stock not
then vested and not previously forfeited (“Outstanding Shares”) shall immediately and automatically be forfeited, except as follows: 

  

	 	(i)	In the event of Grantee’s death or termination by reason of Disability, subject to Section 8 of the Employment Agreement, all Outstanding Shares shall immediately and automatically vest, notwithstanding the service
and performance conditions specified in Section 4 above. 

	 	(ii)	In the event that Grantee’s employment is terminated (A) by the Company other than for Cause or (B) in a Constructive Termination, subject to Section 8 of the Employment Agreement, then (I) if such termination
occurs on or prior to the Determination Date, all Outstanding Shares shall remain outstanding following such termination, and the unsatisfied service condition set forth in Section 4(ii) above with respect to such Outstanding Shares shall be deemed
to be satisfied, and such shares shall vest, if at all, in accordance with Section 4 or Section 5 above, provided that, to the extent any Outstanding Shares do not so vest, the shares shall be forfeited as of the Determination Date; and (II) if such
termination occurs following the Determination Date, all Outstanding Shares shall immediately and automatically vest, notwithstanding the service condition specified in Section 4(ii) above. For the avoidance of doubt, no termination under Section
6(a) of the Employment Agreement shall be treated as a termination described in this Section 6(ii). 

  

	 	(iii)	If Grantee’s employment with the Company and its subsidiaries terminates for any other reason (except termination by the Company for Cause) prior to the Determination Date and at that time the service condition set
forth in Section 4(ii) above has been satisfied with respect to any Outstanding Shares, subject to Section 8 of the Employment Agreement, such Outstanding Shares shall remain outstanding following such termination and shall vest, if at all, in
accordance with Section 4 or Section 5 above, provided that, to the extent any Outstanding Shares do not so vest, the shares shall be forfeited as of the Determination Date. 

For purposes of this award, “Employment Agreement” means the employment agreement between Grantee and the Company dated
October 5, 2015, as the same may be amended and in effect from time to time. “Cause” and “Constructive Termination” have the same meanings as are set forth in the Employment Agreement. 

 

	7.	Additional Forfeiture Conditions: For the avoidance of doubt, this award shall be subject to Section 8 of the Employment Agreement. 

 

	8.	Dividends and Distributions: Grantee’s rights to any cash, including without limitation any regular cash dividends, distributable to Grantee with respect to a share of unvested Restricted Stock, and any
stock or other property, including without limitation any stock dividend, distributable to Grantee with respect to a share of unvested Restricted Stock, (i) shall be treated as unvested so long as such Restricted Stock remains unvested (the
“Restricted Period”), and (ii) shall be forfeited if and when such Restricted Stock is forfeited. Any cash amounts that would otherwise have been paid with respect to a share of unvested Restricted Stock during the Restricted Period
shall instead be accumulated and paid to Grantee, without interest, only upon, or within thirty (30) days following, the date on which such Restricted Stock is determined by the Company to have vested (the “Vesting Date”), and any
other property distributable with respect to a share of unvested Restricted Stock during the Restricted Period shall vest on the Vesting Date. The Committee may require that any cash or property described in this Section 8 be placed in escrow or
otherwise made subject to such restrictions as the Committee deems appropriate until the payment or Vesting Date. References in this certificate to Restricted Stock shall, as appropriate, include any restricted rights to cash or restricted property
described in this Section 8. 

  

	9.	No Transfers; Restrictive Legend: Grantee shall not sell, assign, pledge, margin, give, transfer, hypothecate or otherwise dispose of any shares of Restricted Stock or any interest therein. Any certificates
representing shares of Restricted Stock will bear a restrictive legend to such effect, and stop orders will be entered with the Company’s transfer agent, and the Company may include similar restrictions in any other evidence of record ownership
as it may deem appropriate. 

  

	10.	Transfer Upon Forfeiture: By acceptance of this award, Grantee appoints the Company as attorney-in-fact of Grantee to take such actions as the Company determines to be necessary or appropriate to effectuate a
transfer to the Company of the record ownership of any shares that are forfeited and agrees to sign such stock powers and take such other actions as the Company may reasonably request to accomplish the transfer or forfeiture of any forfeited shares.

	

	11.	Withholding: Grantee shall, no later than the date as of which any shares of Restricted Stock or other amounts provided hereunder first become includable in the gross income of Grantee for Federal income tax
purposes, pay to the Company, or make arrangements satisfactory to the Committee regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld with respect to such income. Grantee shall be entitled to tender
shares in satisfaction of minimum required tax withholding with respect to vesting under this award. 

  

	12.	Section 83(b): Grantee should confer promptly with a professional tax advisor to consider whether or not to make a so-called “83(b) election” with respect to the Restricted Stock. Any such election, to
be effective, must be made in accordance with applicable regulations and no later than thirty (30) days following the date of this award. The Company makes no recommendation with respect to the advisability of making such an election.

  

			
	THE TJX COMPANIES, INC.
		
	BY:	 	 /s/ Scott Goldenberg

  

			
	Agreed:	 	 /s/ Carol Meyrowitz

		
	Date:	 	January 29, 2016EX-10.19

 Exhibit 10.19 

THE TJX COMPANIES, INC. 

RESTRICTED STOCK UNIT AWARD 

GRANTED UNDER STOCK INCENTIVE PLAN 

January 29, 2016 
 This certificate
evidences an award (the “Award”) of restricted stock units granted to the grantee named below (“Grantee”) under the Stock Incentive Plan (the “Plan”) of The TJX Companies, Inc. (the
“Company”). The Award is subject to the terms and conditions of the Plan, the provisions of which, as from time to time amended, are incorporated by reference in this certificate. Terms defined in the Plan are used in this
certificate as so defined. 
 The Award consists of the right to receive, on the terms provided herein and in the Plan, one share of Stock with respect to
each restricted stock unit forming part of the Award. 
  

					
	1.	  	 Grantee:	  	Ernie Herrman
			
	2.	  	 Number of Restricted Stock Units Subject to the Award:	  	70,186, subject to the adjustment provisions of Section 3 of the Plan
			
	3.	  	 Date of Award:	  	January 29, 2016
			
	4.	  	 Performance and Service Vesting Criteria:	  	

  

	 	(i)	Subject to the satisfaction by Grantee of the service condition specified in Section 4(ii) below and further subject to Sections 5 and 6 below: the Award shall be eligible to vest only if the Committee
certifies that performance under the Company’s Management Incentive Plan (“MIP”) for the 2017 Fiscal Year has been achieved at or above the Award Target Level for the 2017 Fiscal Year; provided that, if for the 2017 Fiscal Year
the Committee certifies that MIP performance has been achieved at or above the Award Minimum Level but below the Award Target Level, the portion of the Award that shall be eligible to vest shall be prorated on a straight line basis (with no portion
of the Award being eligible to vest if the Award Minimum Level is not attained for the 2017 Fiscal Year). Except as the Committee may otherwise determine, (A) “Award Target Level” means the MIP performance level for the 2017
Fiscal Year that results in a MIP payout of 67% of the corporate MIP target payout amount for such year and “Award Minimum Level” means the lowest MIP performance level for the 2017 Fiscal Year that results in any corporate MIP
payout amount for such year, and (B) the Award shall be treated as a Qualifying Award and references to MIP for purposes of this Section 4 shall refer to MIP awards intended to qualify for exemption from the deductibility limits imposed by
Section 162(m) of the Internal Revenue Code. If the Committee certifies that MIP performance for the 2017 Fiscal Year has been achieved at a level below the Award Target Level, the portion of the Award that is no longer eligible to vest
pursuant to the foregoing (including, for the avoidance of doubt, if MIP performance for the 2017 Fiscal Year is below the Award Minimum Level, the entire Award) will be immediately and automatically forfeited on the day of such certification.

  

	 	(ii)	Subject to the provisions of the Award including, without limitation, Sections 5 and 6 below, so much of the entire Award as is determined pursuant to Section 4(i) above to be eligible to vest shall vest on a
prorated annual basis (one-seventh per fiscal year) over the seven (7)-fiscal-year period beginning with the 2020 Fiscal Year, provided that the Grantee has remained in continuous employment with the Company and its subsidiaries from the Date of
Award through the last day of the applicable fiscal year. 

  

					
	 Number of Shares1
	  	 Scheduled Vesting Date
	 
	 10,027
	  	 	Last day of FYE 2020	  
	 10,027
	  	 	Last day of FYE 2021	  
	 10,027
	  	 	Last day of FYE 2022	  
	 10,027
	  	 	Last day of FYE 2023	  
	 10,026
	  	 	Last day of FYE 2024	  
	 10,026
	  	 	Last day of FYE 2025	  
	 10,026
	  	 	Last day of FYE 2026	  

  

	1 	Number of Shares is subject to adjustment pursuant to Section 3 of the Plan and/or proration pursuant to Section 4(i) above. 

	5.	Change of Control: Upon the occurrence of a Change of Control occurring while any portion of the Award is outstanding, the provisions of this Section 5 shall apply to the Award, to the extent not then vested
and not previously forfeited, notwithstanding any other provision of the Award to the contrary (but subject, for the avoidance of doubt, to Section 12 below): 

 

	 	(i)	Upon consummation of the Change of Control occurring prior to the determination of MIP performance for the 2017 Fiscal Year, the performance vesting condition described in Section 4(i) above shall be deemed fully
satisfied at the Award Target Level with respect to any portion of the Award that was outstanding immediately prior to consummation of the Change of Control. 

  

	 	(ii)	Upon consummation of the Change of Control whenever occurring, if the Committee does not provide for rollover awards as described in Section 5(iii) below, any unvested portion of the Award (determined after giving
effect to the provisions of Section 5(i) above) that was outstanding immediately prior to consummation of the Change of Control shall automatically and immediately vest in full. 

 

	 	(iii)	The Committee in its discretion may, but shall not be required to, provide in connection with the Change of Control that, in lieu of the acceleration described in Section 5(ii) above, any unsatisfied service
vesting conditions described in Section 4(ii) above applicable to any portion of the Award that was outstanding immediately prior to consummation of the Change of Control shall continue to apply (with such appropriate adjustments as the
Committee may determine) from and after the Change of Control to such award or to any stock, cash or other property into which such award is converted or for which it is exchanged in connection with the Change of Control (any such award or other
stock, cash or other property, a “rollover award”) on such terms and conditions as the Committee considers appropriate in the circumstances to reflect the transaction; provided, that such continuing vesting conditions shall provide
for accelerated vesting of each outstanding but unvested rollover award in the event Grantee’s employment is terminated in a “Change of Control Termination” (as defined in the Employment Agreement) occurring upon or within the
“Standstill Period” (as defined in the Employment Agreement). In any case where this Section 5(iii) applies, all references to this “Award” shall be deemed to include, where appropriate, a rollover award as defined
above. 

  

	 	(iv)	Subject to the continuing vesting condition provisions of Section 5(iii) above, the provisions of this Section 5 shall be applied on a basis that to the satisfaction of the Committee enables the Grantee to
participate, as applicable, as a shareholder (as to any share of Stock with respect to a restricted stock unit subject to the Award held by the Grantee immediately prior to the Change of Control) on the same basis as other holders of Stock.

 All references to the Committee in this Section 5 shall be construed to refer to the Committee as constituted and
acting prior to consummation of the Change of Control. For the avoidance of doubt, no Committee action permitted by this Section 5 will be treated as an action requiring the Grantee’s consent under Section 10 of the Plan. For purposes
of the Award, “Employment Agreement” means the employment agreement between Grantee and the Company dated October 5, 2015, as the same may be amended and in effect from time to time. 

	6.	Termination of Employment: Subject to Section 5 above, in the event the Grantee’s employment with the Company and its subsidiaries terminates for any reason, the Award, to the extent not then vested and
not previously forfeited, shall immediately and automatically be forfeited. Upon a termination of the Grantee’s employment for Cause (as defined in the Employment Agreement) all portions of the Award then outstanding, whether vested or
unvested, shall immediately and automatically be forfeited and cancelled in their entirety. 

  

	7.	Additional Forfeiture Conditions: For the avoidance of doubt, the Award shall be subject to Section 8 of the Employment Agreement. 

 

	8.	Delivery of Shares: To the extent the Award has vested as to any restricted stock units subject to the Award under Sections 4 or 5 above, the Company shall effect delivery on the day (the “Settlement
Date”) that falls six months and one day following Grantee’s separation from service with the Company to Grantee (or, if Grantee has died, to such beneficiary or beneficiaries as may be designated by the Grantee in writing, any such
designation to be in such form, and delivered prior to his death to such person at the Company, as may be specified by the Company or, in the absence of such a designation, to the legal representative of Grantee’s estate) of such shares of
Stock with respect to such vested restricted stock units, evidenced either by a stock certificate or by such other evidence of record ownership as the Company deems appropriate. 

 

	9.	Rights as Shareholder: The Grantee shall have no voting or other shareholder rights in respect of any share of Stock subject to the Award solely by reason of the granting of the Award. The Grantee shall have the
rights of a shareholder, including without limitation dividend rights, only as to those shares of Stock, if any, that are actually delivered under the Award. 

  

	10.	Unsecured Obligation; No Transfers: The Award is unfunded and unsecured, and Grantee’s rights to any shares of Stock or other property (including cash) hereunder shall be no greater than those of an
unsecured general creditor of the Company. The Award may not be assigned, transferred, pledged, hypothecated or otherwise disposed of, except for disposition at death as provided above. 

 

	11.	Section 409A: The Award and the Dividend Equivalent Payment, if any, described in Section 13 below are intended to constitute arrangements that are subject to and comply with the requirements of
Section 409A of the Code, and shall be construed accordingly. 

  

	12.	Withholding: Grantee shall, no later than the date as of which any shares of Stock or other amounts provided hereunder first become includable in the gross income of Grantee for Federal income tax purposes or as
wages subject to employment taxes, pay to the Company, or make arrangements satisfactory to the Committee regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld with respect to such income. The Company in
its discretion may, but need not, satisfy any withholding obligation by accelerating payment under the Award in the amount of the tax due. Grantee shall be entitled to tender shares in satisfaction of minimum required tax withholding with respect to
vesting under the Award. 

 [Remainder of Page Intentionally Left Blank] 

	13.	Dividend Equivalent Payment: Upon the delivery of any shares of Stock pursuant to Section 8 on the Settlement Date, Grantee shall be entitled to a cash payment by the Company in an amount equal to the amount
that Grantee would have received, if any, as a regular cash dividend had he held the shares of Stock deliverable in respect of such vested restricted stock units subject to the Award from the Date of Grant to the Settlement Date, less all applicable
taxes and withholding obligations. Any such payment shall be paid, if at all, without interest on the Settlement Date. 

  

			
	THE TJX COMPANIES, INC.
		
	BY:	 	 /s/ Carol Meyrowitz

  

			
	Agreed:	 	 /s/ Ernie Herrman

		
	Date:	 	January 29, 2016

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