Document:

Executive Officer Compensation Program

 Exhibit 10.4 
 CHARLOTTE RUSSE HOLDING, INC. 
 EXECUTIVE OFFICER COMPENSATION PROGRAM 
 PURPOSE

 The purpose of this Charlotte Russe Holding, Inc. (the “Company”) Executive Officer Compensation Program (the
“Program”) is to align the interests of the Company’s executive officers with the interests of the Company’s stockholders and to attract, motivate and retain talented executive officers to continually maximize
stockholder value. 
 The Program is focused on “pay for performance” and accountability and targets annual base salaries for the
Company’s executive officers at the median of the Company’s peer group of companies (the “Peer Group”) while providing for above-market incentive payments for above-market performance. 
 The Peer Group for each fiscal year shall be approved by the Company’s board of directors (the “Board”) or the Compensation
Committee of the Board (the “Compensation Committee”) on an annual basis, following the completion of the previous fiscal year and with assistance from the Company’s management and outside consultants, in each case as
the Board or the Compensation Committee deems necessary or appropriate. 
 ELIGIBLE EMPLOYEES 
 The following Company employees shall be eligible to participate in the Program: 
  

	 	•	 	 Chief Executive Officer (“CEO”); 

  

	 	•	 	 President or Chief Merchandising Officer (“President/CMO”); 

  

	 	•	 	 Executive Vice President, Chief Financial Officer (“CFO”); 

  

	 	•	 	 Executive Vice President, Chief Operating Officer (“COO”); 

  

	 	•	 	 Executive Vice President, Store Operations (“EVPSO”); and 

  

	 	•	 	 Any other persons named as “executive officers” within the meaning of the Securities Exchange Act of 1934, as amended. 

 ELEMENTS OF COMPENSATION 
 To accomplish the aforementioned objectives, compensation for the Company’s executive officers generally consists of the following components: cash compensation, consisting of base salary and an annual
incentive bonus; and equity compensation, consisting of stock options and restricted stock grants. 
 Cash Compensation

 Base salaries for each fiscal year shall be approved by the Board or Compensation Committee on an annual basis at or near the
beginning of such fiscal year, and shall be effective as of the first day of the applicable fiscal year. 
  

 1 

 Annual incentive bonuses for each fiscal year shall be approved by the Board or Compensation Committee on
an annual basis following the completion of such fiscal year and shall be calculated as a percentage of each executive officer’s base salary for such fiscal year. 
 Financial Component 
 70% of the annual incentive bonus shall be based upon the Company’s
achievement of operating income goals for the subject fiscal year (the “Financial Component”) that (i) are approved by the Board or the Compensation Committee, in their sole discretion, at the beginning of such fiscal
year and (ii) correspond to the minimum, midpoint and maximum percentages of each executive officer’s base salary as set forth below (the “Bonus Percentages”). 
  

										
	 	  	Percentage of Base Salary	 
	 Title
	  	Minimum	 	 	Midpoint	 	 	Maximum	 
	 CEO
	  	50	%	 	100	%	 	150	%
	 President/CMO
	  	50	%	 	75	%	 	100	%
	 CFO/COO
	  	35	%	 	60	%	 	100	%
	 EVPSO
	  	25	%	 	50	%	 	80	%

 The actual Bonus Percentages for each fiscal year shall be determined by the Board or the
Compensation Committee, in their sole discretion, and may vary from the percentages set forth above. The Financial Component shall be determined by multiplying 70% of the executive officer’s base salary by the Bonus Percentage that corresponds
to the operating income goal achieved. Notwithstanding the foregoing, no Financial Component shall be paid if the operating income goal for the minimum Bonus Percentage is not achieved. 
 Non-Financial Component 
 30% of each
annual incentive bonus shall be based upon the achievement of non-financial corporate and individual performance goals for the subject fiscal year (the “Non-Financial Component”) approved by the Board or the Compensation
Committee, in their sole discretion, at the beginning of such fiscal year. The Board or the Compensation Committee shall also approve a floor operating income goal for such fiscal year that must be achieved as a condition to any Non-Financial
Component being paid (the “Floor Operating Income Target”). The Non-Financial Component shall be determined by multiplying 30% of the executive officer’s base salary by (i) the Bonus Percentage that corresponds to
the operating income goal achieved (provided that the minimum Bonus Percentage shall be used in the event the operating income goal achieved is equal to or greater than the Floor Operating Income Target and equal to or less than the minimum Bonus
Percentage operating income goal) and (ii) the percentage of the non-financial corporate and individual performance goals actually achieved, as determined by the Board or the Compensation Committee, in their sole discretion. For purposes of
clarity, no Non-Financial Component shall be paid if the Floor Operating Income Target is not achieved. 
  

 2 

 Equity Compensation 
 The Black-Scholes value of each executive officer’s total equity compensation for each fiscal year shall be approximately equal to a percentage of
such executive officer’s base salary for such fiscal year (the “Target Value”) and shall be approved by the Board or the Compensation Committee on an annual basis prior to the beginning of such fiscal year. 

The table below sets forth guidelines for determining the Target Value for each executive officer’s total equity compensation. 
  

										
	 	  	Percentage of Base Salary	 
	 Title
	  	Minimum	 	 	Midpoint	 	 	Maximum	 
	 CEO
	  	100	%	 	150	%	 	200	%
	 President/CMO
	  	75	%	 	125	%	 	200	%
	 CFO/COO
	  	65	%	 	100	%	 	150	%
	 EVPSO
	  	50	%	 	75	%	 	125	%

 The actual Target Value for each executive officer shall be determined by the Board or the
Compensation Committee, in their sole discretion, and may vary from the percentages set forth above based on prior years’ corporate and individual performance. 
 For each fiscal year: 30% of the Target Value shall be in the form of a stock option granted pursuant to the Company’s 1999 Equity Incentive Plan, as may be amended from time to time, or any successor plan
thereto (the “Plan”), approved prior to, and effective as of, the first business day of such fiscal year and subject to vesting in equal annual installments over a three-year period from the date of grant (the
“Stock Option”); 30% of the Target Value shall be in the form of restricted stock granted pursuant to the Plan, approved prior to, and effective as of, the first business day of such fiscal year and subject to vesting in
equal annual installments over a three-year period from the date of grant (the “Time-Based Restricted Stock Grant”); and 40% of the Target Value shall be in the form of restricted stock granted pursuant to the Plan, approved
prior to, and effective as of, the first business day of such fiscal year and subject to performance-based vesting over a three-year period from the date of grant as set forth in the table below (the “Performance-Based Restricted Stock
Grant”); provided, however, that the percentage of the Target Value allocated to the Stock Option, Time-Based Restricted Stock Option Grant and Performance-Based Stock Option Grant shall be subject to adjustment by the Board or
Compensation Committee for each fiscal year. 
  

			
	 Three-Year Total Stockholder Return,
Company v. Peer
Group
	  	Percentage Vested at Third Anniversary of
the Date of Grant(1)
	 Less than the 25th Percentile
	  	0%
	 25th
Percentile
	  	33 1/3%
	 50th
Percentile
	  	66 2/3%
	 75th
Percentile or Greater
	  	100%

  

	 (1)
	 Percentage vested for Three-Year Total Stockholder Returns between the 25th and 75th percentile shall be calculated on a linear scale from 33 1/3% to 100%. 

  

 3 

 “Three-Year Total Stockholder Return” for any three consecutive Company fiscal
years shall be defined as the change in market valuation from the first day of the first such fiscal year through the last day of the third such fiscal year, as determined in good faith by the Board or Compensation Committee. For example, for fiscal
2008, the Three-Year Total Stockholder Return shall be measured from the first day of the Company’s fiscal year 2008 through the last day of the Company’s fiscal year 2010. For each fiscal year, Three-Year Total Stockholder Returns shall
be calculated for each member of the applicable Peer Group and the Company shall be given a percentile ranking. 
 The number of shares
subject to the Stock Option, Time-Based Restricted Stock Grant and Performance-Based Restricted Stock Grant shall be rounded to the nearest 500 shares and determined following the close of business on the first business day of the applicable fiscal
year (the effective date of grant) such that the Black-Scholes value of the Stock Option, Time-Based Restricted Stock Grant and Performance-Based Restricted Stock Grant, based upon the closing price of the Company’s common stock on such day,
shall be equal to 30%, 30% and 40% (or such other percentages as may be determined by the Board or Compensation Committee for each fiscal year), respectively, of the Target Value. Such determination shall be made on a basis consistent with the
Company’s methodologies for financial reporting purposes. 
  

 4Form of Common Share Certificate

 Exhibit 4.3 
 

 
 3494769 
 INCORPORATED UNDER THE BUSINESS CORPORATIONS ACT OF THE PROVINCE OF ALBERTA 
 Number 
 ***SPECIMEN*** 
 Shares 
 ***SPECIMEN*** 
 TESCO 
 TESCO
CORPORATION 
 THIS CERTIFIES THAT 
 ***SPECIMEN*** 
 CUSIP 88157K 10 1 
 ISIN CA 88157K1012 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 is the registered holder of 
 fully paid and non-assessable Common Shares without nominal or par value of the Capital Stock of 
 TESCO CORPORATION 
 transferable only on the books of the Corporation by the holder hereof in person or by attorney upon surrender of this Certificate properly endorsed. 
 This Certificate is not valid until countersigned and registered by the Transfer Agent and Registrar of the Corporation. 
 In Witness Whereof the said Corporation has caused this Certificate to be signed by the facsimile signatures of its duly authorized 
 officers. 
 Dated: 
 ***SPECIMEN*** 
 COUNTERSIGNED AND REGISTERED 
 COMPUTERSHARE TRUST COMPANY OF CANADA

 (CALGARY) (TORONTO) 
 TRANSFER AGENT AND REGISTRAR 
 By ***SPECIMEN*** 
 Authorized Officer 
 OR 
 COUNTERSIGNED AND REGISTERED 
 COMPUTERSHARE TRUST COMPANY, N.A. 
 (GOLDEN) 
 TRANSFER AGENT AND REGISTRAR 
 By ***SPECIMEN*** 
 Authorized Officer 
 The shares represented by this certificate are transferable at the offices of
Computershare Trust Company of Canada in Calgary AB and Toronto, ON 
 and at the offices of Computershare Trust Company, N.A.
in Golden, CO. 
 President and Chief Executive Officer 
 General Counsel and Corporate Secretary 
 SECURITY INSTRUCTIONS ON REVERSE 
 VOIR LES INSTRUCTIONS DE SECURITÉ
AU VERSO 
 Printed by DATA BUSINESS FORMS 
 00L3ZA 

 

 
 Until the earlier of Separation Time or the Expiration Time (as defined in the Rights Agreement
referred to below), this certificate also evidences and entities the holder hereof to certain Rights as set forth in a Shareholder Rights Plan Agreement, dated as of July 9, 1996, as amended and restated on March 14,
2002, May 13, 2005 and May 20, 2008, as such from time to time may be amended, restated, varied or replaced, (the “Rights Agreement”) between Tesco Corporation (the “Corporation”) and Computershare Trust Company of
Canada, as Rights Agent, the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive office of the Corporation and may be inspected by shareholders of the Corporation during normal
business hours. In certain circumstances, as set forth in the Rights Agreement, such Rights may be amended or redeemed, may expire, may become void (if, in certain cases, they are “Beneficially Owned” by an “Acquiring Person”, as
such terms are defined in the Rights Agreement, or a transferee thereof) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights
Agreement to the holder of this certificate, without charge, as soon as practicable after a receipt of a written request therefor. 
 The following abbreviations shall be construed as though the words set forth below opposite each abbreviation were written out in full where such abbreviation appears. 
 TEN COM - as tenants in common 
 TEN ENT - as tenants by the entireties 
 JT TEN - as joint tenants with rights of survivorship and
not as tenants in common 
 (Name) CUST (Name) UNIF - (Name) as Custodian for (Name) under the 
 GIFT MIN ACT (State) - (State) Uniform Gifts to Minors Act 
 Additional abbreviations may also be used though not in the above list. 
 Please insert Social Insurance, Tax Identification, or other identifying number of transferee. 
 For value
received the undersigned hereby sells, assigns and transfers unto 
 Insert name and address of transferee. 
 shares represented by this certificate and does hereby irrevocably constitute and appoint the attorney of the undersigned to transfer the
said shares on the books of the Corporation with full power of substitution in the premises. 
 DATED: Signature of
Shareholder Signature of Guarantor 
 Signature Guarantee: 
 The signature on this assignment must correspond with the name as written upon the face of the certificate(s), in every particular,
without alteration or enlargement, or any change whatsoever and must be guaranteed by a major Canadian Schedule I chartered bank or a member of an acceptable Medallion Signature Guarantee Program (STAMP, SEMP, MSP). The Guarantor must affix a stamp
bearing the actual words “Signature Guaranteed”. In the USA, signature guarantees must be done by members of a “Medallion Signature Guarantee Program” only. Signature guarantees are not accepted from Treasury Branches, Credit
Unions or Caisses Populaires unless they are members of the Stamp Medallion Program. 
 Computershare’s Privacy Notice:

 In the course of providing services to you and our corporate clients, Computershare receives non-public personal
information about you - your name, address, social insurance number, securities holdings, transactions, etc. We use this to administer your account, to better serve your and our clients’ needs and for other lawful purposes. We have prepared a
Privacy Code to tell you more about our information practices and how your privacy is protected. It is available at our website, computershare.com, or by writing us at 100 University Avenue, Toronto, Ontario, M5J 2Y1. *You are required to provide
your SIN if you will receive income on these securities. We will use this number for income reporting. Computershare may also ask for your SIN as an identification-security measure if you call or write to request service on your account; however you
may decline this usage. 
 SECURITY INSTRUCTIONS – INSTRUCTIONS DE SÉCURITÉ THIS IS WATERMARKED PAPER, DO
NOT ACCEPT WITHOUT NOTING WATERMARK. HOLD TO LIGHT TO VERIFY WATERMARK. PAPIER FILIGRANÉ, NE PAS ACCEPTER SANS VÉRIFIER LA PRÉSENCE DU FILIGRANE, POUR CE FAIRE, PLACER Á LA LUMIÉRE. 
 CAI.VI.T/000001 00L40C

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]