Document:

EX-10.5

 

Exhibit 10.5

GUARANTY

     THIS GUARANTY (this “Guaranty”) is given by DSW Inc., an Ohio corporation, whose principal office
is located at 810 DSW Drive, Columbus, OH 43219 (the “Guarantor”), to 4300 Venture 34910 LLC, a
Delaware limited liability company (“Landlord”) whose principal office is located at 1798 Frebis
Avenue, Columbus, Ohio 43206-0410.

     In accordance with the certain Lease Agreement (the “Lease”) dated as of October 1, 2007 between
eTailDirect LLC, an Ohio limited liability company, (“Tenant”) and Landlord, Guarantor executes
this Guaranty and agrees as follows:

     1. Guaranty.

          (A) Subject to the conditions contained herein, the Guarantor, for itself, and its successors
and assigns guarantees (i) the prompt payment when due of all payments of rent, additional rent,
and all other charges, expenses and costs of every kind and nature, required to be paid by Tenant
under the Lease which are or may be due now or in the future under the terms of the Lease; and (ii)
the complete and timely performance, satisfaction and observance of the terms and conditions of the
Lease to be performed by Tenant thereunder.

          (B) In the event Tenant fails to make prompt payment when due of any of the sums required to
be paid by it under the Lease or fails to perform, satisfy or observe the terms and conditions of
the Lease required to be performed, satisfied or observed by the Tenant and such failure shall
continue beyond the applicable grace period therefor provided in the Lease following the giving of
requisite notice to Tenant required by the Lease (the “Default Notice”), Guarantor will, within the
time periods hereinafter provided, pay to Landlord the amount due or will fully perform, satisfy
and observe the obligation or obligations in the place of the Tenant and will pay, reimburse and
indemnify Landlord for any and all damages, costs, expenses, losses and other liabilities including
reasonable counsel fees which arise in consequence of any such failure by Tenant. Landlord agrees
to give to Guarantor a copy of each Default Notice at the same time such Default Notice is given to
Tenant. Guarantor shall be accorded one of the following periods of time in which to cure such
defaults, whichever period shall expire later: (i) a period of time which is equal the applicable
grace period provided by the Lease for the failure of performance in question following Guarantor’s
receipt of the Guarantor’s Notice (if applicable), or (ii) the expiration of the actual grace
period still available to Tenant under the Lease following the receipt by Tenant of the Default
Notice. If, in the case of a non-monetary default, the cure of the same cannot be reasonably
achieved within the grace period applicable thereto, then Guarantor shall have such further time to
cure as shall be reasonable under the circumstances so long as Guarantor commences the same within
the initial cure period allowed and thereafter prosecutes such cure to completion with diligence
and continuity. Upon such performance by Guarantor within the time periods herein provided, the
failure of performance by Tenant shall be deemed cured and Tenant’s rights under the Lease
reinstated.

     2. Scope of Guarantor’s Liability. This Guaranty is given by Guarantor and accepted
by Landlord under the express condition that the obligations of Guarantor hereunder shall never be
greater than they would have been were it the tenant originally named in the Lease.

     3. Waiver of Notices/Remedies Against Tenant. Landlord may (i) waive the performance
or observance by Tenant of any of the terms, covenants or conditions of the Lease; or (ii)
compromise, settle or extend the time of payment of any amount due from the Tenant or the time of
performance of any obligation of the Tenant ; or (iii) amend any provisions of the Lease by
agreement between Tenant and Landlord; or (iv) extend or renew the Lease and/or effect any release,
compromise, or settlement in connection with the Lease; or (v) assign or otherwise transfer all or
part of its interest in the Lease, Premises, or this Guaranty or any interest therein or herein; or
(vi) consent to an assignment, subletting, conveyance, or other transfer of all or any part of the
interest of Tenant in the Lease. These actions may be taken by the Landlord without discharging or
otherwise affecting the obligations of the Guarantor. This Guaranty is irrevocable. Subject to
compliance by Landlord with the provisions of this Guaranty, the liability of the Guarantor is
direct and immediate. The Landlord shall not be required to pursue any remedies it may

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have against the Tenant or against any security deposit or other collateral as a condition to
enforcement of this guaranty (beyond the giving of notices as required by the Lease and this
Guaranty and the expiration of any grace period provided therein or herein). This Guaranty is a
guaranty of payment and not of collection, and shall remain in full force and effect until payment
in full to Landlord of all sums payable under the Lease. Except as otherwise set forth in this
Guaranty, Guarantor does not require and hereby waives all notices of Tenant’s nonpayment,
nonperformance, or nonobservance of the provisions of the Lease. Guarantor hereby expressly waives
all notices and demands otherwise required by law which Guarantor may lawfully waive. Guarantor
hereby waives trial by jury in any action brought on or with respect to this Guaranty.

     4. Termination of Guarantor’s Liability/Bankruptcy Proceeding. Except in the case of
a Bankruptcy Proceeding (as hereinafter defined), a written release of eTailDirect LLC, an Ohio
limited liability company, (the “Original Tenant”) from the performance of its obligations under
the Lease, whether as a primary obligor or as an assignor-guarantor in its own right shall likewise
operate to release Guarantor hereunder. However, in the event of a release or discharge of the
Original Tenant, under a Bankruptcy Proceeding, then the obligations of the undersigned shall
nevertheless continue for what would have constituted the balance of the Initial Term of the Lease
but which obligations shall not be greater in extent than those that would have existed if a
Bankruptcy Proceeding had not been commenced. The term “Bankruptcy Proceeding” shall mean and
include the institution by or against said Original Tenant of bankruptcy, reorganization,
receivership or insolvency proceedings of any nature pursuant to Federal, State or local law.

     5. Binding Effect. Subject to the limitations set forth herein this Guaranty is
binding upon the Guarantor, its successors and assigns, and, by its acceptance hereof by Landlord,
shall become binding upon and shall inure to the benefit of Landlord, its successors and assigns.
The term “Tenant” as used in this Guaranty shall mean the tenant in possession of the Premises for
the time being, whether such party shall be the Original Tenant or successive assignees of the
Original Tenant.

     6. Modifications. This Guaranty may not be modified orally, but only by a writing
signed by both the Guarantor and Landlord. Modifications include any waiver, change, discharge,
modification, or termination.

     In witness whereof the Guarantor has duly executed this Guaranty by its proper officer as of
the date written below.

	 	 	 	 	 	 
	 	 	DSW Inc., an Ohio corporation
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	/s/William L. Jordan 
	 

	 	 	 	 
	 

	 	Its:	 	VP/General Counsel 
	 

	 	 	 	 
	 

	 	Date:	 	November 16, 2007 
	 

	 	 	 	 

2EX-10.1

 

Exhibit 10.1

RESTRICTED STOCK UNIT AWARD AGREEMENT

(2005 Long-Term Incentive Plan)

     This RESTRICTED STOCK UNIT AWARD AGREEMENT (this “AGREEMENT”) is made to be effective as of
_________, 200___(the “GRANT DATE”), by and between Abercrombie & Fitch Co., a Delaware
corporation (the “COMPANY”), and ___________, an employee of the COMPANY (the
“PARTICIPANT”).

WITNESSETH:

     WHEREAS, pursuant to the provisions of the 2005 Long-Term Incentive Plan of the COMPANY (the
“PLAN”), the Compensation Committee (the “COMMITTEE”) of the Board of Directors of the COMPANY (the
“BOARD”) administers the PLAN; and

     WHEREAS,
the COMMITTEE has determined that the PARTICIPANT should be granted
rights to receive ________
(______) shares of Class A Common Stock, $0.01 par value, of the COMPANY (such rights, the “RESTRICTED
STOCK UNITS”), subject to the restrictions, conditions and other terms set forth in this AGREEMENT;

     NOW, THEREFORE, in consideration of the premises, the parties hereto make the following
agreement, intending to be legally bound thereby:

     1. Grant of RESTRICTED STOCK UNITS. The COMPANY hereby grants to the PARTICIPANT
________ (______) RESTRICTED STOCK UNITS of the COMPANY (subject to adjustment as
provided in Section 11(c) of the PLAN and Section 5(E) of this Agreement, if applicable). Each
RESTRICTED STOCK UNIT shall represent the right to receive one issued and outstanding share of
Class A Common Stock, $0.01 par value (the “COMMON SHARES”), of the COMPANY, but shall be subject
to the restrictions, conditions and other terms set forth in this AGREEMENT.

     2. Terms and Conditions of the RESTRICTED STOCK UNITS.

          (A) RESTRICTED PERIOD. Except as provided under Sections 3 and 4 of this AGREEMENT,
the period of restriction (the “RESTRICTED PERIOD”), after which the RESTRICTED STOCK UNITS shall
become vested and no longer be subject to forfeiture to the COMPANY shall lapse according to the
following schedule (each of the dates described in this Section 2(A) a “VESTING DATE”), in each
case, subject to the achievement of the performance-based vesting criteria set forth in Section
2(B) below:

                (i) the RESTRICTED PERIOD shall lapse as to ____% of the RESTRICTED STOCK UNITS
(subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS
shall become vested, on the ________ anniversary of the GRANT DATE, provided the PARTICIPANT is
employed by the COMPANY or a subsidiary of the COMPANY on such date;

                (ii) the RESTRICTED PERIOD shall lapse as to an additional ____% of the
RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the

 

 

PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the ________anniversary of the
GRANT DATE, provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on
such date;

                (iii) the RESTRICTED PERIOD shall lapse as to an additional ____% of the
RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such
RESTRICTED STOCK UNITS shall become vested, on the ________anniversary of the GRANT DATE, provided
the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date; and

                (iv) the RESTRICTED PERIOD shall lapse as to an additional ____% of the
RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such
RESTRICTED STOCK UNITS shall become vested, on the ________anniversary of the GRANT DATE, provided
the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date.

          (B) Performance-Based Vesting Criteria.

                (i) In addition to continued employment through each applicable VESTING DATE, the lapse of the
RESTRICTED PERIOD and the vesting of the RESTRICTED STOCK UNITS (or any portion thereof) pursuant
to Section 2(A) above is contingent upon the achievement by the Company for the fiscal year
preceding the fiscal year in which the applicable VESTING DATE occurs of an increase in “NET
INCOME” (as defined in Section 2(B)(iv) below) of at least [2]% from the immediately preceding
fiscal year.

                (ii) In the event that on any VESTING DATE other than the final VESTING DATE a portion of the
RESTRICTED STOCK UNITS fails to vest as a result of the Company’s failure to achieve the
performance objective set forth in Section 2(B)(i) for such VESTING DATE, such unvested RESTRICTED
STOCK UNITS (the “CARRYOVER UNITS”) shall remain outstanding and eligible to vest pursuant to this
Section 2(B)(ii). The RESTRICTED PERIOD for the CARRYOVER UNITS shall lapse and the CARRYOVER
UNITS shall vest in full upon a subsequent VESTING DATE if (I) the PARTICIPANT is employed by the
COMPANY or a subsidiary of the COMPANY on such date and (II) the COMPANY achieves a compound annual
increase in NET INCOME of at least [2]% from the fiscal year preceding the fiscal year in which the
GRANT DATE occurs through the fiscal year preceding the fiscal year in which the applicable VESTING
DATE occurs.

                (iii) Any RESTRICTED STOCK UNITS that remain unvested following the FINAL VESTING DATE shall
be forfeited and cancelled as of that date. The achievement of the performance objective(s) set
forth in this Section 2(B) for any fiscal year (or lack thereof) shall be evidenced by the
COMMITTEE’S written certification. No RESTRICTED STOCK UNITS shall vest until such certification
has been made.

                (iv) For purposes of this Section 2(B), the term “NET INCOME” means the net income of the
COMPANY under generally accepted accounting principles as certified by the COMMITTEE.

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          (C) Non-Transferability of RESTRICTED STOCK UNITS. RESTRICTED STOCK UNITS may not be
transferred, assigned, pledged or hypothecated (whether by operation of law or otherwise) by the
PARTICIPANT, except as provided by will or by the applicable laws of descent and distribution, and
the RESTRICTED STOCK UNITS shall not be subject to execution, attachment or similar process.

          (D) Lapse of RESTRICTED PERIOD. Upon the lapse of the RESTRICTED PERIOD applicable to
any RESTRICTED STOCK UNITS, as promptly as is reasonably practicable, and in no case later than
March 15th of the year after the year the RESTRICTED PERIOD lapses, COMMON SHARES shall be issued
to the PARTICIPANT and the COMPANY shall deliver a stock certificate or other appropriate
documentation evidencing the number of COMMON SHARES of the COMPANY issued in settlement of such
vested RESTRICTED STOCK UNITS to the PARTICIPANT.

          (E) Tax Withholding. The COMPANY shall have the right to require the PARTICIPANT to
remit to the COMPANY an amount sufficient to satisfy any applicable federal, state and local tax
withholding requirements in respect of the settlement of the RESTRICTED STOCK UNITS. These tax
withholding requirements may be satisfied in one of several ways, including:

                (i) The PARTICIPANT may give the COMPANY cash equal to the amount required to be withheld or
tender COMMON SHARES of the COMPANY already owned by the PARTICIPANT by actual delivery of the
already-owned COMMON SHARES and having a fair market value (based on the opening sale price of the
COMMON SHARES as reported on the New York Stock Exchange or, if the COMMON SHARES are not traded on
the New York Stock Exchange, “fair market value” as defined in the PLAN) on the date of settlement
equal to the amount required to be withheld; or

                (ii) The COMPANY may withhold COMMON SHARES otherwise deliverable upon settlement of the
RESTRICTED STOCK UNITS having a fair market value (based on the opening sale price of the COMMON
SHARES as reported on the New York Stock Exchange or, if the COMMON SHARES are not traded on the
New York Stock Exchange, “fair market value” as defined in the PLAN) on the date of settlement
equal to the amount required to be withheld (but only to the extent of the minimum amount that must
be withheld to comply with applicable state, federal and local income, employment and wage tax
laws).

          (E) Rights as Holder of RESTRICTED STOCK UNITS. With respect to this RESTRICTED STOCK
UNIT AWARD, the PARTICIPANT shall have no rights as a stockholder of the COMPANY (including the
right to vote or receive dividends) with respect to any COMMON SHARES of the COMPANY until the date
of issuance to the PARTICIPANT of a certificate or other evidence of ownership representing such
COMMON SHARES in settlement thereof. In addition, dividend equivalents will not be paid or payable
with respect to the RESTRICTED STOCK UNITS subject to this AGREEMENT.

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     3. Change of Control. Unless the BOARD or COMMITTEE provides otherwise prior to a
“Change of Control” (as such term is defined in the PLAN), upon a Change of Control, Section 9 of
the PLAN shall govern the treatment of the RESTRICTED STOCK UNITS.

     4. Effect of Termination of Employment.

          (A) The grant of the RESTRICTED STOCK UNITS shall not confer upon the PARTICIPANT any right to
continue in the employment of the COMPANY or any of its subsidiaries or interfere with or limit in
any way the right of the COMPANY or any of its subsidiaries to modify the terms of or terminate the
employment of the PARTICIPANT at any time in accordance with applicable law and the COMPANY’s or
the subsidiary’s governing corporate documents.

          (B) Except as the COMMITTEE may at any time provide, and subject to Section 4(E) below, if the
employment of the PARTICIPANT with the COMPANY and its subsidiaries is terminated for any reason
other than death or “total disability” (as defined below) prior to the lapsing of the RESTRICTED
PERIOD applicable to any RESTRICTED STOCK UNITS, such RESTRICTED STOCK UNITS shall be forfeited to
the COMPANY.

          (C) If the PARTICIPANT becomes totally disabled prior to the lapsing of the RESTRICTED PERIOD
applicable to any RESTRICTED STOCK UNITS, such RESTRICTED PERIOD shall immediately lapse and the
RESTRICTED STOCK UNITS shall become fully vested.

          (D) If the PARTICIPANT dies while employed by the COMPANY or one of its subsidiaries prior to
the lapsing of the RESTRICTED PERIOD applicable to any RESTRICTED STOCK UNITS, such RESTRICTED
PERIOD shall immediately lapse and the RESTRICTED STOCK UNITS shall become fully vested.

          (E) Upon the retirement of the PARTICIPANT, the COMMITTEE may, but shall not be required to,
shorten or terminate the RESTRICTED PERIOD applicable to the RESTRICTED STOCK UNITS.

          (F) For purposes of this AGREEMENT, “total disability” shall have the definition set forth in
the Abercrombie & Fitch Co. Long-Term Disability Program, which definition is incorporated herein
by reference.

     5. Forfeiture of RESTRICTED STOCK UNITS.

          (A) The RESTRICTED STOCK UNITS shall be subject to the following additional forfeiture
conditions, to which the PARTICIPANT, by accepting the RESTRICTED STOCK UNITS, agrees. If any of
the events specified in Section 5(B)(i), (ii), or (iii) occurs (a “FORFEITURE EVENT”), the
following forfeiture will result:

                (i) any RESTRICTED STOCK UNITS held by the PARTICIPANT and not then settled will be
immediately forfeited and canceled upon the occurrence of the Forfeiture Event; and

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                (ii) The PARTICIPANT will be obligated to repay to the Company, in cash, within five business
days after demand is made therefor by the Company, the total amount of “AWARD GAIN” (as defined
below) realized by the PARTICIPANT upon each settlement of RESTRICTED STOCK UNITS that occurred on
or after (x) the date that is six months prior to the occurrence of the FORFEITURE EVENT, if the
FORFEITURE EVENT occurred while the PARTICIPANT was employed by the COMPANY or a subsidiary or
affiliate, or (y) the date that is six months prior to the date the PARTICIPANT’s employment by the
COMPANY or a subsidiary or affiliate terminated, if the FORFEITURE EVENT occurred after the
PARTICIPANT ceased to be so employed. For purposes of this Section, the term “AWARD GAIN” shall
mean, in respect of any settlement of RESTRICTED STOCK UNITS granted to the Participant, the Fair
Market Value of the cash or COMMON SHARES paid or payable to the Participant (regardless of any
elective deferrals).

          (B) The forfeitures specified in Section 5(A) will be triggered upon the occurrence of any one
of the following FORFEITURE EVENTS at any time during PARTICIPANT’ employment by the COMPANY or a
subsidiary or affiliate, or during the one-year period following termination of such employment:

                (i) PARTICIPANT, acting alone or with others, directly or indirectly, (I) engages, either as
employee, employer, consultant, advisor, or director, or as an owner, investor, partner, or
stockholder unless PARTICIPANT’s interest is insubstantial, in any business in an area or region in
which the COMPANY conducts business at the date the event occurs, which is directly in competition
with a business then conducted by the COMPANY or a subsidiary or affiliate; (II) induces any
customer or supplier of the COMPANY or a subsidiary or affiliate, with which the COMPANY or a
subsidiary or affiliate has a business relationship, to curtail, cancel, not renew, or not continue
his or her or its business with the COMPANY or any subsidiary or affiliate; or (III) induces, or
attempts to influence, any employee of or service provider to the COMPANY or a subsidiary or
affiliate to terminate such employment or service. The COMMITTEE shall, in its discretion,
determine which lines of business the COMPANY conducts on any particular date and which third
parties may reasonably be deemed to be in competition with the COMPANY. For purposes of this
Section 5(B)(i), an PARTICIPANT’s interest as a stockholder is insubstantial if it represents
beneficial ownership of less than five percent of the outstanding class of stock, and a
PARTICIPANT’s interest as an owner, investor, or partner is insubstantial if it represents
ownership, as determined by the COMMITTEE in its discretion, of less than five percent of the
outstanding equity of the entity;

                (ii) PARTICIPANT discloses, uses, sells, or otherwise transfers, except in the course of
employment with or other service to the COMPANY or any subsidiary or affiliate, any confidential or
proprietary information of the COMPANY or any subsidiary or affiliate, including but not limited to
information regarding the COMPANY’s current and potential customers, organization, employees,
finances, and methods of operations and investments, so long as such information has not otherwise
been disclosed to the public or is not otherwise in the public domain (other than by PARTICIPANT’s
breach of this provision), except as required by law or pursuant to legal process, or PARTICIPANT
makes statements or representations, or otherwise communicates, directly or indirectly, in writing,
orally, or otherwise, or takes any other action which may, directly or indirectly, disparage or be
damaging to the COMPANY or any of its subsidiaries or

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affiliates or their respective officers, directors, employees, advisors, businesses or
reputations, except as required by law or pursuant to legal process; or

                (iii) PARTICIPANT fails to cooperate with the COMPANY or any subsidiary or affiliate in any
way, including, without limitation, by making himself or herself available to testify on behalf of
the COMPANY or such subsidiary or affiliate in any action, suit, or proceeding, whether civil,
criminal, administrative, or investigative, or otherwise fails to assist the COMPANY or any
subsidiary or affiliate in any way, including, without limitation, in connection with any such
action, suit, or proceeding by providing information and meeting and consulting with members of
management of, other representatives of, or counsel to, the COMPANY or such subsidiary or
affiliate, as reasonably requested.

          (C) Despite the conditions set forth in this Section 5, a PARTICIPANT is not hereby prohibited
from engaging in any activity, including but not limited to competition with the COMPANY and its
subsidiaries and affiliates. Rather, the non-occurrence of the FORFEITURE EVENTS set forth in
Section 5(B) is a condition to the PARTICIPANT’s right to realize and retain value from the
RESTRICTED STOCK UNITS, and the consequence under the PLAN and this AGREEMENT if the PARTICIPANT
engages in an activity giving rise to any such FORFEITURE EVENTS are the forfeitures specified
therein and herein. The COMPANY and PARTICIPANT shall not be precluded by this provision or
otherwise from entering into other agreements concerning the subject matter of Sections 5(A) and
5(B).

          (D) The COMMITTEE may, in its discretion, waive in whole or in part the COMPANY’s right to
forfeiture under this Section 5, but no such waiver shall be effective unless evidenced by a
writing signed by a duly authorized officer of the COMPANY.

          (E) This Section 5(E) shall apply only if the PARTICIPANT was granted the RESTRICTED STOCK
UNITS under this AGREEMENT pursuant to the achievement of a performance goal under Section 7(c) of
the PLAN. If the Committee determines that the earlier determination as to the achievement of the
performance goal was based on incorrect data and that in fact the performance goal had not been
achieved or had been achieved to a lesser extent than originally determined and a number of the
RESTRICTED STOCK UNITS would not have been granted, given the correct data, then (i) the aggregate
number of RESTRICTED STOCK UNITS set forth in Section 1 above shall be reduced by such number of
RESTRICTED STOCK UNITS that would not have been granted (such RESTRICTED STOCK UNITS, the “EXCESS
RSUs”), (ii) any EXCESS RSUs that have not yet vested in accordance with the terms of this
AGREEMENT shall be forfeited and (iii) any COMMON SHARES received upon settlement of vested EXCESS
RSUs (or if such COMMON SHARES were disposed of the cash equivalent) shall be returned to the
COMPANY as provided by the COMMITTEE.

     6. PLAN as Controlling; PARTICIPANT Acknowledgments. All terms and conditions of the
PLAN applicable to the RESTRICTED STOCK UNITS which are not set forth in this AGREEMENT shall be
deemed incorporated herein by reference. In the event that any term or condition of this AGREEMENT
is inconsistent with the terms and conditions of the PLAN, the PLAN shall be deemed controlling.
The PARTICIPANT acknowledges receipt of a copy of the PLAN. The PARTICIPANT also acknowledges that
all decisions, determinations and interpretations of the COMMITTEE in respect of the PLAN, this
AGREEMENT and the

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RESTRICTED STOCK UNITS shall be final, conclusive and binding on the PARTICIPANT, all other
persons interested in the PLAN and stockholders.

     7. Governing Law. To the extent not preempted by federal law, this AGREEMENT shall be
governed by and construed in accordance with the laws of the State of Delaware.

     8. Rights and Remedies Cumulative. All rights and remedies of the COMPANY and of the
PARTICIPANT enumerated in this AGREEMENT shall be cumulative and, except as expressly provided
otherwise in this AGREEMENT, none shall exclude any other rights or remedies allowed by law or in
equity, and each of said rights or remedies may be exercised and enforced concurrently.

     9. Captions. The captions contained in this AGREEMENT are included only for
convenience of reference and do not define, limit, explain or modify this AGREEMENT or its
interpretation, construction or meaning and are in no way to be construed as a part of this
AGREEMENT.

     10. Severability. If any provision of this AGREEMENT or the application of any
provision hereof to any person or any circumstance shall be determined to be invalid or
unenforceable, then such determination shall not affect any other provision of this AGREEMENT or
the application of said provision to any other person or circumstance, all of which other
provisions shall remain in full force and effect, and it is the intention of each party to this
AGREEMENT that if any provision of this AGREEMENT is susceptible of two or more constructions, one
of which would render the provision enforceable and the other or others of which would render the
provision unenforceable, then the provision shall have the meaning which renders it enforceable.

     11. Number and Gender. When used in this AGREEMENT, the number and gender of each
pronoun shall be construed to be such number and gender as the context, circumstances or its
antecedent may required.

     12. Entire Agreement. This AGREEMENT, including the PLAN incorporated herein by
reference, constitutes the entire agreement between the COMPANY and the PARTICIPANT in respect of
the subject matter of this AGREEMENT, and this AGREEMENT supersedes all prior and contemporaneous
agreements between the parties hereto in connection with the subject matter of this AGREEMENT. No
officer, employee or other servant or agent of the COMPANY, and no servant or agent of the
PARTICIPANT, is authorized to make any representation, warranty or other promise not contained in
this AGREEMENT. Other than as set forth in Section 11(e) of the Plan, no change, termination or
attempted waiver of any of the provisions of this AGREEMENT shall be binding upon either party
hereto unless contained in a writing signed by the party to be charged.

     13. Successors and Assigns of the COMPANY. The obligations of the COMPANY under this
AGREEMENT shall be binding upon any successor corporation or organization resulting from the
merger, consolidation or other reorganization of the COMPANY, or upon any successor corporation or
organization succeeding to substantially all of the assets and businesses of the COMPANY.

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     IN WITNESS WHEREOF, the COMPANY has caused this AGREEMENT to be executed by its duly
authorized officer, and the PARTICIPANT has executed this AGREEMENT, in each case effective as of
the GRANT DATE.

	 	 	 	 	 
	 	 	COMPANY:
	 
	 	 	 	 
	 	 	ABERCROMBIE & FITCH CO.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	Its:
	 	 

	 

	 	Title:
	 	 

	 

	 	 	 	 

	 
	 	 	 	 

	 	 	 	 	 
	 	 	PARTICIPANT:
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 

	 	Printed Name:	 	 
	 

	 	 	 	 

	 
	 	 	 	 
	 

	 	Address:	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 

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