Document:

Form Of Option Agreement Issued To Directors

 Exhibit 10.2 
  
 BOARD FORM 
  
 GSI COMMERCE, INC. 
 1075 First Avenue

 King of Prussia, PA 19406 
  
 1996 EQUITY INCENTIVE PLAN 
 NON-INCENTIVE STOCK OPTION 
  

			
	NAME:	  	«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»
		
	ADDRESS:	  	«ADDRESS_LINE_1», «ADDRESS_LINE_2»
	 	  	«CITY», «STATE» «ZIP_CODE»
		
	DATE:	  	«VEST_BASE_DATE»
		
	OPTION NO.:	  	«NUM»

  
 1. Option
Grant. You are hereby granted an option, effective as of the date hereof, to purchase «SHARES_GRANTED» shares of Common Stock, par value $.01 per share (“Common Stock”), of GSI COMMERCE, INC. (the “Company”), at
an exercise price of $«OPTION_PRICE» per share pursuant to the Company’s 1996 Equity Incentive Plan (the “Plan”). 
  
 2. Type of Option. It is the intention of the Company and you that this option will not be an “incentive stock option” as that term is
used in Section 422A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations thereunder. 
  
 3. Option Vesting and Exercise. On and after the date of grant and prior to ten years from the date of its grant, this option may be exercised for
all of the shares covered by this options, less, in the case of any exercise, the number of shares previously purchased by exercise of this option. No fractional shares shall be issued or delivered. This option will terminate and is not exercisable
after the expiration of ten years from the date of its grant, except if terminated earlier as hereafter provided. 
  
 4. Notice of Exercise and Payment. You may exercise this option by giving written notice to the Company on forms supplied by the Company at its
then principal executive office, accompanied by payment of the exercise price for the total number of shares that you specify you wish to purchase. Common Stock purchased on exercise of this option must be paid for as follows: (i) in cash or by
check (acceptable to the Company in accordance with guidelines established for this purpose), bank draft or money order payable to the order of the Company, (ii) through the delivery of shares of Common Stock which have been outstanding for at least
six months and which have a “fair market value” (as defined in the Plan) on the last business day preceding the date of exercise equal to the aggregate exercise price, (iii) by delivery of an unconditional and irrevocable undertaking by a
broker to deliver promptly to the Company sufficient funds to pay the aggregate exercise price, or (iv) by any combination of the 

 
permissible forms of payment. Any assignment of stock must be in a form and substance satisfactory to the Company, including guarantees of signature(s) any
payment of all transfer taxes if the Company deems such guarantees necessary or desirable. 
  
 5. Termination of Option. 
  
 (a) If you suffer a Status Change due to death or Disability (as defined in the Plan), you or your heirs, executors, administrators or other legal or personal representatives, as the case may be, may, at any time within one year after the
date of such Status Change (but in no event later than ten years from the date this option is granted), exercise this option for the number of shares subject to this option that you had the vested right to purchase immediately prior to the date of
such Status Change. This option will terminate as of the date of such Status Change with respect to all shares subject to this option that you did not have the vested right to purchase immediately prior to the date of such Status Change. After one
year after the date you suffer such Status Change, this option will, to the extent not previously exercised, terminate and be of no further force or effect. 
  
 (b) If you suffer a Status Change due to the termination of your service to the Company for any reason other than those set forth in subsections (a) or
(c) of this Section 5, you may, at any time within ninety (90) days after the date of such Status Change (but in no event later than ten years from the date this option is granted), exercise this option for the number of shares subject to this
option that you had the vested right to purchase immediately prior to the date of such Status Change. This option will terminate as of the date of such Status Change with respect to all shares subject to this option that you did not have the vested
right to purchase immediately prior to the date of such Status Change. After ninety (90) days after the date of such Status Change, this option will, to the extent not previously exercised, terminate and be of no further force or effect. 

 
 (c) If you suffer a Status Change due to the termination of your service
to the Company for Cause, this option will, to the extent not previously exercised, immediately terminate and be of no further force or effect as of the date you suffer such Status Change. 
  
 6. Certain Adjustments. If there is a change in the capitalization of
the Company, such as by stock dividend, stock split, combination of shares, exchange of securities, recapitalization or other event which the Board of Directors of the Company (the “Board”) deems, in its sole discretion, to be similar
circumstances, the Board will make such adjustments to the number and/or kind of shares of Common Stock or other securities subject to this option, the exercise price and any other provision of this option affected by such change, as the Board may
determine in its sole discretion. 
  
 7. Shareholder
Status. You will not become a stockholder of the Company until (i) you make any required payments in respect of the Common Stock issuable pursuant to this option, (ii) you furnish the Company with any required agreements, certificates, letters
or other instruments, and (iii) you actually receive the shares of Common Stock. Subject to any terms and conditions imposed by the Plan, upon the occurrence of all of the conditions set forth in the immediately preceding sentence, you will have all
rights of a stockholder with respect to shares of Common Stock, including, but not limited to, the right to vote such shares and to receive dividends and other distributions paid with respect to such shares. 

 8. Conditions to Delivery of Common Stock. Notwithstanding any other provision of the Plan, the
Company will not be obligated to deliver any shares of Common Stock pursuant to the Plan (i) until all conditions to this option have been satisfied, (ii) until, in the opinion of counsel to the Company, all applicable Federal and state laws and
regulations have been complied with, (iii) if the outstanding Common Stock is at the time listed on any stock exchange or included for quotation on an inter-dealer system, until the shares to be delivered have been listed or included or authorized
to be listed or included on such exchange or system upon official notice of notice of issuance, (iv) if it might cause the Company to issue or sell more shares of Common Stock than the Company is then legally entitled to issue or sell, and (v) until
other legal matters in connection with the issuance and delivery of such shares have been approved by counsel to the Company. If the sale of Common Stock has not been registered under the Securities Act of 1933, as amended, the Company may require,
as a condition to exercise of this option, such representations or agreements as counsel to the Company may consider appropriate to avoid violation of such Act and may require that the certificates evidencing such Common Stock bear an appropriate
legend restricting transfer. If this option is exercised by your legal or personal representative, the Company will be under no obligation to deliver Common Stock pursuant to such exercise until the Company is satisfied as to the authority of such
representative. 
  
 9. Transferability of Option. Neither
this option nor any of your rights under this option or under the Plan may be assigned or transferred in any manner other than by will or under the laws of descent and distribution. This option may be exercised only by you (or by your heirs, estate,
beneficiary or personal or legal representative under Section 5(a)). The foregoing will not, however, restrict the ability of your heirs, estate, beneficiaries, or personal or legal representatives to enforce the terms of the Plan with respect to
this option. 
  
 10. Miscellaneous. This option is subject
to the terms of the Plan in effect on the date this option is granted, which terms are hereby incorporated herein by reference and made a part hereof. In the event of any conflict between the terms of this option and the terms of the Plan in effect
on the date of this option, the terms of the Plan will govern. Capitalized terms used in this option without definition will have the meanings given to those terms in the Plan. This option constitutes the entire understanding between the Company and
you with respect to the subject matter hereof, and no amendment, modification or waiver of this option, in whole or in part, will be binding upon the Company unless in writing and signed by the Company. This option and the performances of the
parties hereunder will be construed in accordance with and governed by the laws of the State of Delaware. 
  
 Please sign the copy of this option and return it to the Company, thereby indicating your understanding of and agreement with its terms and conditions.

  

			
	GSI COMMERCE, INC.
		
	BY:	 	  

  
 I hereby
acknowledge receipt of a copy of the foregoing stock option and, having read it hereby signify my understanding of, and my agreement with, its terms and conditions. 
  

	
	  

 «FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»Form Of Restricted Stock Award

 Exhibit 10.3 
  
 GSI COMMERCE, INC. 
  
 1996 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AWARD 
  
 Name: 
  
 Address: 
  
 Date: 
  
 1. Grant of Award. You are hereby granted a restricted stock award,
effective as of the date hereof, to purchase                      shares (the “Restricted Stock”) of Common Stock, par value $.01
per share (“Common Stock”), of GSI COMMERCE, INC. (the “Company”) at a purchase price of $.01 per share pursuant to the Company’s 1996 Equity Incentive Plan (the “Plan”). 
  
 2. Shareholder Status. You shall have no rights with respect to this
Award unless you accept this Award by written instrument delivered or mailed to the Company accompanied by payment in full of the specified purchase price of the shares covered by this Award. Payment may be by certified or bank check or other
instrument acceptable to the Board. Subject to any terms and conditions imposed by the Plan, upon the occurrence of all of the conditions set forth in the immediately preceding sentence, you will have all the rights of a stockholder with respect to
such stock, including voting and dividend rights, subject to the restrictions described in Section 3 below. Unless the Board otherwise determines, certificates evidencing shares of Restricted Stock will remain in the possession of the Company until
such shares are free of all restrictions under the Plan. 
  
 3.
Forfeiture of Restricted Stock. Except as otherwise specifically provided by the Plan, none of the shares of the Restricted Stock subject to this Award may be transferred, sold, assigned, exchanged, pledged, gifted or otherwise disposed of.
These restrictions on transfer will lapse on the dates and with respect to the number of shares of Common Stock set forth below, unless you suffer a Status Change (as defined in the Plan) for any reason prior to the date on which the restrictions
are scheduled to lapse. If you suffer a Status Change (as defined in the Plan) for any reason, all shares of Restricted Stock then held by you must be offered for sale to the Company at the price you paid for such shares. Upon the lapse of the
restrictions with respect to a specified number of shares, those shares will become unrestricted (“Unrestricted Stock”). 
  

			
	 Date on Which Restrictions Lapse

	 	 Cumulative Percentage of Aggregate
 Number of Shares Covered by Award
 as to Which Restrictions
Lapse

	 	 	%
	 	 	%
	 	 	%
	 	 	%

  
  

 The Board may at any time accelerate the time at which the restrictions on all or any part of the Restricted Stock will
lapse. 
  
 4. Tax Matters. If you make an election under
Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), with respect to Restricted Stock, you must deliver to the Company, within 10 days of the filing of such election with the Internal Revenue Service, a copy of such
election. You hereby acknowledge that you fully recognize and understand the Federal, state and local income tax consequences of the receipt of the Restricted Stock by you, and forfeiture of the Restricted Stock as provided in Section 3 above, and
any subsequent sale by you of the Restricted Stock, including the consequences of making (or not making) a timely election under Section 83(b) of the Code with respect to the Restricted Stock. In addition, you fully understand that, at the time that
you realize any gross income taxable as compensation in respect of the Restricted Stock, the Company will be required to withhold Federal, state and local taxes on the full amount of the compensation income realized by you. Accordingly, at or prior
to the time that you realize any compensation income in respect to the Restricted Stock, you hereby agree to provide the Company with cash funds equal to the total Federal, state and local taxes required to be withheld by the Company in respect of
such compensation income, or make other arrangements satisfactory to the Company regarding such payment. It is understood that all matters with respect to the total amount of taxes to be withheld in respect of such compensation income shall be
determined by the Company in its sole discretion. 
  
 5.
Conditions to Delivery of Unrestricted Stock. Notwithstanding any other provision of the Plan or this Award, the Company will not be obligated to deliver any shares of Common Stock pursuant to this Award (i) until all conditions to this award
have been satisfied, (ii) until, in the opinion of counsel to the Company, all applicable Federal and state laws and regulations have been complied with, (iii) if the outstanding Common Stock is at the time listed on any stock exchange or included
for quotation on an inter-dealer system, until the shares to be delivered have been listed or included or authorized to be listed or included on such exchange or system upon official notice of notice of issuance, (iv) if it might cause the Company
to issue or sell more shares of Common Stock than the Company is then legally entitled to issue or sell, and (v) until all other legal matters in connection with the issuance and delivery of such shares have been approved by counsel to the Company.
If the sale of Common Stock has not been registered under the Securities Act of 1933, as amended (the “Act”), the Company may require, as a condition to exercise of this Award, such representations or agreements as counsel to the Company
may consider appropriate to avoid violation of such Act and may require that the certificates evidencing such Common Stock bear an appropriate legend restricting transfer. If this Award is exercised by your legal or personal representative, the
Company will be under no obligation to deliver Common Stock pursuant to such exercise until the Company is satisfied as to the authority of such representative. 

 6. Transferability of Award. Neither this Award nor any of your rights under this Award or under
the Plan may be assigned or transferred in any manner other than by will or under the laws of descent and distribution, except that this provision will not prohibit you from transferring shares of Unrestricted Stock. This Award may be exercised only
by you. The foregoing will not, however, restrict the ability of your heirs, estate, beneficiaries, or personal or legal representatives to enforce the terms of the Plan with respect to this Award. 
  
  
 7. Miscellaneous. This Award is subject to the terms of the Plan in effect on the date this award is granted, which terms are hereby incorporated herein by reference and made a part hereof. In the event of any conflict between the
terms of this Award and the terms of the plan in effect on the date of this Award, the terms of the Plan will govern. This Award constitutes the entire understanding between the Company and you with respect to the subject matter hereof, and no
amendment, modification or waiver of this Award, in whole or in part, will be binding upon the Company unless in writing and signed by the Company. This Award and the performances of the parties hereunder will be construed in accordance with and
governed by the laws of the State of Delaware. 
  
 Please sign the
copy of this Award and return it to the Company, thereby indicating your understanding of and agreement with its terms and conditions. 
  

			
	 GSI COMMERCE, INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 I hereby
acknowledge receipt of a copy of the foregoing Award and having read it hereby signify my understanding of, and my agreement with, its terms and condition. 
  

			
	  

 (Signature)
	 	  

 (Print Name)

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