Document:

exv10wd

Exhibit 10D

VF CORPORATION

AWARD CERTIFICATE

Performance-Based Restricted Stock Units (“PRSUs”) for

Three-Year Performance Cycle ___-___ under the

Mid-Term Incentive Plan

Target PRSUs Awarded:                     

To:                      (“Participant”)

I am pleased to advise you that you have been awarded the opportunity to earn from 0% to 200% of
the number of Performance-Based Restricted Stock Units set forth above under VF Corporation’s
Mid-Term Incentive Plan for the Performance Cycle commencing at the beginning of fiscal ______ and
ending on the final day of VF Corporation’s ______ fiscal year under the terms and conditions set
forth in the attached Appendix. The actual number of shares of VF Common Stock that you may
receive at the end of the Performance Cycle will depend, among other things as described in the
Appendix, on the level of achievement over the Performance Cycle of specified performance goals set
by the Compensation Committee of the VF Board of Directors.

	 	 	 	 	 
	 	VF CORPORATION

 	 
	 	By:  	
 	 
	 	 	Eric C. Wiseman 	 
	 	 	Chairman, President and Chief Executive Officer 	 
	 

Dated:                     

1

 

VF CORPORATION

APPENDIX TO

PRSUs AWARD CERTIFICATE

Terms and Conditions Relating to

Performance-Based Restricted Stock Units (“PRSUs”)

	1.	 	Opportunity to Earn PRSUs.

          Participant has been designated as having the opportunity to earn Performance-Based Restricted
Stock Units (“PRSUs”) under VF Corporation’s (the “Company’s”) Mid-Term Incentive Plan, as amended
(the “Mid-Term Plan”) for the three-year Performance Cycle specified in the Award Certificate (the
“Performance Cycle”). Subject to the terms and conditions of the Mid-Term Plan and this Agreement,
Participant will have the opportunity to earn from 0% to 200% of the targeted number of PRSUs (the
“Target PRSUs”) for the Performance Cycle. The number of Target PRSUs shall be number set forth on
the Award Certificate plus additional PRSUs resulting from Dividend Equivalents and adjustments, as
specified in Section 3(c).

	2.	 	Incorporation of Plans by Reference; Certain Restrictions.

          (a) PRSUs which may be earned by the Participant represent Stock Units under the Company’s
Mid-Term Plan and 1996 Stock Compensation Plan, as amended (the “1996 Plan”), copies of which have
been made available to Participant. All of the terms, conditions, and other provisions of the
Mid-Term Plan and the 1996 Plan (together, the “Plans”) are hereby incorporated by reference into
this document. Capitalized terms used in this document but not defined herein shall have the same
meanings as in the Mid-Term Plan. If there is any conflict between the provisions of this document
and the provisions of the Plans, the provisions of the Plans shall govern.

          (b) Until PRSUs have become earned in accordance with Section 4, PRSUs shall be subject to a
risk of forfeiture as provided in the Plans and this document. Until such time as the PRSUs have
become settled by delivery of shares in accordance with Section 6, PRSUs will be nontransferable,
as provided in the Plans and Section 3(d). Participant is subject to the VF Code of Business
Conduct and related policies on insider trading restricting Participant’s ability to sell shares of
the Company’s Common Stock received in settlement of PRSUs, which may include “blackout” periods
during which Participant may not engage in such sales.

	3.	 	General Terms of PRSUs.

          (a) Each PRSU represents a conditional right of the Participant to receive, and a conditional
obligation of the Company to deliver, one share of the Company’s Common Stock, at the times
specified hereunder and subject to the terms and conditions of the Mid-Term Plan and this document.

          (b) Not later than March 15 following the end of a given Performance Cycle, the Committee will
make a final determination of the extent to which the performance goals for that Performance Cycle
were achieved and the number of PRSUs earned for that Performance Cycle. The date at which the
Committee makes such final determination will be the “Determination Date” for such Performance
Cycle.

          (c) An account will be maintained for Participant for purposes of the Mid-Term Plan, to which
the initial number of Target PRSUs for each Performance Cycle shall be credited. Dividend
Equivalents will be credited on the Target PRSUs in accordance with Section 7(b) of the Mid-Term Plan. The Committee
may vary the manner and terms of crediting Dividend Equivalents during the Performance Cycle, for
administrative convenience or any other reason, provided that the Committee determines that any
alternative manner and terms

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result in equitable treatment of Participant. The number of Target
PRSUs and the terms of PRSUs will be subject to adjustment upon the occurrence of certain
extraordinary corporate events specified in Section 7(b) of the Mid-Term Plan and otherwise in
accordance with Section 6(b) of the Mid-Term Plan, such adjustments to be made by the Committee in
order to prevent dilution or enlargement of Participant’s opportunity to earn incentive
compensation under this Agreement. Thus, the percentage of Target PRSUs earned under Section 4
will include the additional PRSUs resulting from the crediting of Dividend Equivalents.

          (d) PRSUs are non-transferable to the extent specified in Section 9(h) of the Mid-Term Plan.

	4.	 	Earning of PRSUs.

          (a) PRSUs for the Performance Cycle will be earned in accordance with Sections 6(a) and 6(c)
of the Mid-Term Plan as follows:

               (i) If Participant has been designated a “Covered Employee” for the Performance Cycle, a
required condition in order for Participant to earn PRSUs for the Performance Cycle will be that
the “Pre-Set Goal” has been achieved (in addition to achievement of the Challenge Goal, as
specified below). The Pre-Set Goal will be achieved if the Company’s aggregate earnings per share
(diluted) for the three fiscal years in the Performance Cycle, excluding the effects of
extraordinary and non-recurring items and changes in accounting principles, shall be positive. For
purposes of compliance with requirements of Code Section 162(m), so that PRSUs earned by
Participant shall qualify as performance-based compensation, the achievement of the Pre-Set Goal
shall be a condition that qualifies Participant to earn the maximum number of PRSUs, with any
reduction from such maximum based on the level of achievement of the Challenge Goal or as a result
of any exercise of the discretion of the Committee to constitute an exercise of negative discretion
for purposes of Section 162(m).

               (ii) If Participant has not been designated a “Covered Employee” for the Performance Cycle,
the applicable performance goal for Participant shall be the Challenge Goal specified below.

               (iii) The Challenge Goal set forth herein must be achieved at the levels specified herein in
order for PRSUs to be earned for the Performance Cycle. The Challenge Goal shall be the average,
over the three fiscal years in the Performance Cycle, of the levels of achievement of the Executive
Incentive Compensation Plan (the “EIC Plan”) goal set by the Committee for each of the fiscal years
in the Performance Cycle. For this purpose, the designation of target performance, which shall
result in the earning of the Target PRSUs, and threshold and maximum performance, shall be the
average of the target, threshold and maximum levels, respectively, specified by the Committee under
the EIC Plan for the three fiscal years in the Performance Cycle. Performance and the percentage
of Target PRSUs earned will be interpolated, if the performance achieved is between threshold and
target or between target and maximum. The Committee retains complete discretion in setting the EIC
Plan goals and related terms which are incorporated into this Challenge Goal; the setting of such
EIC Plan goals and related terms may occur at any time during the Performance Cycle (subject to
applicable provisions of the EIC Plan). In addition, if in the second or third year of the
Performance Cycle the EIC Plan performance objective is based on business criteria different from
those used in the prior year, or otherwise departs from the format that corresponds to the Plans
and this Agreement, the Committee may specify a different Challenge Goal.

          (b) At the Determination Date, at which time the Committee will have determined whether and
the extent to which the Performance Goals specified in this Section 4 have been achieved and made
other determinations authorized hereunder, any PRSUs that are determined to have not been earned
shall cease to be earnable and shall be cancelled.

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	5.	 	Effect of Termination of Employment.

          Upon Participant’s Termination of Employment prior to the end of a given Performance Cycle,
the Participant’s unearned PRSUs relating to that Performance Cycle shall cease to be earnable and
shall be cancelled, except to the extent provided in Section 8 of the Mid-Term Plan (which provides
for settlement of a specified portion of the PRSUs in certain cases of death, disability,
Retirement, termination by the Company not for Cause, and certain other circumstances, including
certain terminations following a Change in Control).

	6.	 	Settlement of PRSUs.

          (a) PRSUs that are earned will be settled by delivery of one share of Common Stock for each
PRSU. Such settlement will occur as of the Determination Date, with delivery of shares to take
place as promptly as practicable thereafter (and in no event more than 60 days thereafter), in
accordance with Section 9 of the Mid-Term Plan. Participant may not elect to defer receipt of
Common Stock issuable in settlement of PRSUs.

          (b) Whenever Common Stock is to be delivered hereunder, the Company shall deliver to the
Participant or the Participant’s Beneficiary one or more certificates representing the shares of
Common Stock, registered in the name of the Participant, the Beneficiary, or in such other form of
registration as instructed by the Participant, except that the Committee may provide for
alternative methods of delivery for administrative convenience. The obligation of the Company to
deliver Common Stock hereunder is conditioned upon compliance by the Participant and by the Company
with all applicable federal and state securities and other laws and regulations.

	7.	 	Tax Withholding.

          In furtherance of the tax withholding obligations imposed under Section 9(g) of the Mid-Term
Plan, the Company shall withhold from the shares deliverable in settlement of PRSUs the number of
shares having an aggregate Fair Market Value equal to the mandatory Federal and state withholding
requirements, including FICA, but rounded down to the nearest whole share, unless Participant has
made other arrangements approved by the Human Resources Department in advance of settlement to make
payment of such withholding amounts.

	8.	 	Binding Effect; Integration.

          The terms and conditions set forth in this document shall be binding upon the heirs,
executors, administrators and successors of the parties. The Award Certificate, this document, and
the Mid-Term Plan constitutes the entire agreement between the parties with respect to the PRSUs
and supersedes any prior agreements or documents with respect thereto. No amendment, alteration,
suspension, discontinuation or termination of this document which may impose any additional
obligation upon the Company or materially impair the rights of the Participant with respect to the
PRSUs shall be valid unless in each instance such amendment, alteration, suspension,
discontinuation or termination is expressed in a written instrument duly executed in the name and
on behalf of the Company and, if Participant’s rights are materially impaired thereby, by
Participant.

	9.	 	PRSUs subject to Forfeiture Policy for Equity and Incentive Awards in the Event of
Restatement of Financial Results.

          The PRSUs subject to this Award Certificate are subject to the Company’s Forfeiture Policy for
Equity and Incentive Awards in the Event of Restatement of Financial Results as in effect at the
date of this Award Certificate. Such Policy imposes conditions that may result in forfeiture of
such PRSUs or the proceeds to you resulting from such PRSUs (a so-called “clawback”) in certain
circumstances if the Company’s financial statements are required to be restated as a result of
misconduct.

4exv10we

Exhibit 10E

VF CORPORATION

DIRECTOR AWARD CERTIFICATE

Restricted Stock Units

Number of RSUs Awarded:                     

To:                                          (“Participant”)

I am pleased to advise you that you have been awarded the number of Restricted Stock Units (“RSUs”)
set forth above under VF Corporation’s 1996 Stock Compensation Plan, as amended (the “1996 Plan”),
subject to the terms and conditions set forth in the 1996 Plan and the attached Appendix.

	 	 	 	 	 
	 	VF CORPORATION

 	 
	 	By:  	 	 
	 	 	Eric C. Wiseman 	 
	 	 	Chairman, President
and Chief Executive
Officer 	 
	 

Dated:           (“Grant Date”)

1

 

VF CORPORATION

APPENDIX TO

DIRECTOR AWARD CERTIFICATE

Terms and Conditions Relating to

Restricted Stock Units

1. Grant of RSUs.

     (a) Grant of RSUs Under 1996 Plan. Participant has been granted the Restricted Stock Units
(“RSUs”) specified in the Award Certificate under VF Corporation’s (the “Company’s”) 1996 Plan,
copies of which have been provided to Participant. All of the terms, conditions, and other
provisions of the 1996 Plan are hereby incorporated by reference into this document. Capitalized
terms used in this document but not defined herein shall have the same meanings as in the 1996
Plan. If there is any conflict between the provisions of this document and the mandatory
provisions of the 1996 Plan, the provisions of the 1996 Plan shall govern. By accepting the grant
of the RSUs, Participant agrees to be bound by all of the terms and provisions of the 1996 Plan (as
presently in effect or later amended), the rules and regulations under the 1996 Plan adopted from
time to time, and the decisions and determinations of the Committee made from time to time.

     (b) Certain Restrictions. RSU granted to Participant hereunder are fully vested on the Grant
Date. Until such time as each RSU has become settled by delivery of a share in accordance with
Section 3, such RSU will be nontransferable, as provided in the 1996 Plan and Section 2(d).
Participant is subject to the VF Code of Business Conduct and related policies on insider trading
restricting Participant’s ability to sell shares of the Company’s Common Stock received in
settlement of RSUs, which may include “blackout” periods during which Participant may not engage in
such sales.

2. General Terms of RSUs.

     (a) Nature of RSUs. Each RSU represents a conditional right of Participant to receive, and a
conditional obligation of the Company to deliver, one share of the Company’s Common Stock at the
times specified hereunder and subject to the terms and conditions of the 1996 Plan and this
document. Each RSU constitutes an award under Article VIII of the 1996 Plan (including Section 8.6
thereof), representing a bookkeeping unit which is an arbitrary accounting measure created and used
solely for purposes of the 1996 Plan and this Agreement. RSUs do not represent ownership rights in
the Company, shares of Common Stock, or any asset of the Company.

     (b) Account. An account will be maintained for Participant for purposes of this Award, to
which the total number of RSUs granted and any RSUs resulting under Section 2(c) shall be credited.
An individual statement relating to Participant’s Account will be issued not less frequently than
annually. Such statement shall report the amount of RSUs credited to Participant’s Account (i.e.,
not yet settled), transactions in the Account during the period covered by the statement, and other
information deemed relevant by the Company. Such statement may be combined with or include
information regarding other plans and compensatory arrangements affecting Participant. A
Participant’s statements may evidence the Company’s obligations in respect of RSUs without the need
for the Company to enter into a separate agreement relating to such obligations; provided, however,
that any statement containing an error shall not represent a binding obligation to the extent of
such error.

     (c) Dividend Equivalents and Adjustments. Dividend equivalents shall be paid or credited on
RSUs as follows; provided, however, that the Committee may vary the manner and terms of crediting
dividend equivalents, for administrative convenience or any other reason, provided that the
Committee determines that any alternative manner and terms result in equitable treatment of
Participant:

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	 	(i)	 	Regular Cash Dividends. At the time of settlement of RSUs under Section 3(a),
the Company shall determine the aggregate amount of regular cash dividends that would
have been payable to Participant, based on record dates for dividends since the Grant
Date, if the vested RSUs then to be settled had been outstanding shares of Common
Stock at such record dates (without compounding of dividends but adjusted to account
for splits and other extraordinary corporate transactions). Such aggregate cash
amount will be converted to a number of shares by dividing the amount by the Fair
Market Value of a share of Common Stock at the settlement date.
	 
	 	(ii)	 	Common Stock Dividends and Splits. If the Company declares and pays a
dividend or distribution on Common Stock in the form of additional shares of Common
Stock, or there occurs a forward split of Common Stock, then the number of RSUs
credited to Participant’s Account as of the payment date for such dividend or
distribution or forward split shall be automatically adjusted by multiplying the
number of RSUs credited to the Account as of the record date for such dividend or
distribution or split by the number of additional shares of Common Stock actually paid
as a dividend or distribution or issued in such split in respect of each outstanding
share of Common Stock.
	 
	 	(iii)	 	Adjustments. If the Company declares and pays a dividend or distribution on
Common Stock that is not a regular cash dividend and not in the form of additional
shares of Common Stock, or if there occurs any other event referred to in Article XI
of the 1996 Plan, the Committee shall adjust the number of RSUs credited to
Participant’s Account in a manner that will prevent dilution or enlargement of
Participants’ rights with respect to RSUs, in an equitable manner determined by the
Committee.
	 
	 	(iv)	 	Settlement of RSUs Resulting from Dividend Equivalents and Adjustments.
RSUs which directly or indirectly result from dividend equivalents on or adjustments
to an RSU will be settled at the same time as the granted RSU.

     (d) Non-Transferability. Unless otherwise determined by the Committee, neither Participant
nor any beneficiary shall have the right to, directly or indirectly, alienate, assign, transfer,
pledge, anticipate, or encumber (except by reason of death) any RSU, Account or Account balance, or
other right hereunder, nor shall any such RSU, Account or Account balance, or other right be
subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment,
or garnishment by creditors of Participant or any beneficiary, or to the debts, contracts,
liabilities, engagements, or torts of Participant or any beneficiary or transfer by operation of
law in the event of bankruptcy or insolvency of Participant or any beneficiary, or any legal
process.

3. Settlement of RSUs.

     (a) Settlement Date. RSUs will be settled by delivery of one share of Common Stock for each
RSU, including RSUs resulting from dividend equivalents under Section 2(c). Such settlement will
occur as of the one year anniversary of the Grant Date (the “Stated Settlement Date”). Delivery
of shares in settlement of RSUs will take place within 15 days after the Stated Settlement Date.

     (b) Certain Limitations to Ensure Compliance with Code Section 409A. For purposes of this
Agreement, references to a term or event (including any authority or right of the Company or
Participant) being “permitted” under Code Section 409A mean that the term or event will not cause
Participant to be liable for payment of interest or a tax penalty under Section 409A. The
provisions of the 1996 Plan and other provisions of this Agreement notwithstanding, the terms of
the RSUs, including any authority of the Company and rights of Participant, shall be limited to
those terms permitted under Section 409A, and any terms not permitted under Section 409A shall be
automatically modified and limited to the extent necessary to conform with Section 409A. For this
purpose, the Company shall have no authority to accelerate distributions relating to RSUs in excess
of the authority permitted under Section 409A, and, if the timing of any distribution in settlement
of RSUs would result in Participant’s constructive receipt of income relating to the RSUs prior to
such distribution, the date of distribution will be the earliest date after the specified date of
distribution that distribution can be

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effected without resulting in such constructive receipt (thus, for example, any distribution
in settlement of RSUs subject to Section 409A(a)(2)(A)(i) (separation from service) shall not occur
earlier than the earliest time permitted under Section 409A(a)(2)(B)(i) and other applicable
provisions of Section 409A).

     (c) Delivery of Common Stock. Whenever Common Stock is to be delivered hereunder, the Company
shall deliver to Participant or Participant’s Beneficiary one or more certificates representing the
shares of Common Stock, registered in the name of Participant, the Beneficiary, or in such other
form of registration as instructed by Participant, except that the Company may provide for
alternative methods of delivery for administrative convenience. The obligation of the Company to
deliver Common Stock hereunder is conditioned upon compliance by Participant and by the Company
with all applicable federal and state securities and other laws and regulations. The Company may
determine the manner in which fractional shares of Common Stock shall be dealt with upon settlement
of RSUs; provided, however, that no certificate shall be issued representing a fractional share.
If there occurs any delay between the Stated Settlement Date and the date shares are issued or
delivered to Participant, a cash amount equal to any dividends or distributions the record date for
which fell between the Stated Settlement Date and the date of issuance or delivery of the shares
shall be paid to Participant together with the delivery of the shares.

4. Miscellaneous.

     (a) Binding Effect; Written Amendments. The terms and conditions set forth in this document
shall be binding upon the heirs, executors, administrators and successors of the parties. The Award
Certificate and this document constitute the entire agreement between the parties with respect to
the RSUs and supersedes any prior agreements or documents with respect thereto. No amendment,
alteration, suspension, discontinuation or termination of this document which may impose any
additional obligation upon the Company or materially impair the rights of Participant with respect
to the RSUs shall be valid unless in each instance such amendment, alteration, suspension,
discontinuation or termination is expressed in a written instrument duly executed in the name and
on behalf of the Company and, if Participant’s rights are materially impaired thereby, by
Participant.

     (b) No Promise of Continuation of Service. The RSUs and the granting thereof shall not
constitute or be evidence of any agreement or understanding, express or implied, that Participant
has a right to continue as .a director of the Company for any period of time, or at any
particular rate of compensation.

     (c) Governing Law. The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws (but not the law of conflicts of laws) of the Commonwealth
of Pennsylvania and applicable federal law.

     (d) Unfunded Obligations. The grant of the RSUs and any provision for distribution in
settlement of Participant’s Account hereunder shall be by means of bookkeeping entries on the books
of the Company and shall not create in Participant any right to, or claim against any, specific
assets of the Company, nor result in the creation of any trust or escrow account for Participant.
With respect to Participant’s entitlement to any distribution hereunder, Participant shall be a
general creditor of the Company.

     (e) Notices. Any notice to be given the Company under this Agreement shall be addressed to
the Company at its principal executive offices, in care of the Vice President —  Human Resources,
and any notice to Participant shall be addressed to Participant at Participant’s address as then
appearing in the records of the Company.

     (f) Shareholder Rights. Participant and any beneficiary shall not have any rights with
respect to shares (including voting rights) covered by this Agreement prior to the settlement and
distribution of the shares as specified herein.

     (g) Taxes. Participant shall be responsible for payment of any federal, state or local taxes
of any kind required to be paid with respect to the grant or settlement of the RSUs or otherwise in
connection with the RSUs.

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