Document:

EX-10.2

 Exhibit 10.2 
 WILLIAMS–SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 
 RESTRICTED
STOCK UNIT AWARD AGREEMENT 
 FOR GRANTS TO EMPLOYEES (“AGREEMENT”) 

Name:
                                         
                             Number of RSUs:
                                        

 Grant Date:
                                         
                    Grant Date FMV:
                                        

  

	1.	 Award. Williams-Sonoma, Inc. (the “Company”), has awarded you the number of Restricted Stock Units indicated above
(“Award”). Each Restricted Stock Unit entitles you to receive one share of Common Stock of the Company upon the terms and subject to the conditions set forth in the Company’s 2001 Long-Term Incentive Plan (the “Plan”) and
this Award. Prior to the distribution of any shares, this Award represents an unsecured obligation, payable only from the general assets of the Company. 

Except as specified herein, shares of Common Stock will be issued to you or, in case of your death, your beneficiary
designated in accordance with the procedures specified by the Administrator on or shortly following the Vesting Date. If at the time of your death, there is not an effective beneficiary designation on file or you are not survived by your designated
beneficiary, the shares will be issued to the legal representative of your estate or other beneficiary as determined under applicable law. 
  

	2.	 Vesting. Subject to any acceleration provisions contained in the Plan or this Agreement, the Restricted Stock Units subject to this Award
will vest as follows: 

 [FOR NON-SECTION 16 OFFICERS/EVPS INSERT: 25% on each
anniversary of the Grant Date over four years (“Vesting Dates”), subject to your continued employment with the Company or one of its affiliates through each relevant Vesting Date.] 

[FOR SECTION 16 OFFICERS AND EVPS INSERT: Vesting of this Award is conditioned upon the Company achieving
positive net cash provided by operating activities (excluding any non-recurring charges) for fiscal 2013 as provided on the Company’s final audited consolidated statements of cash flows for fiscal 2013 (the “Performance Goal”) and as
certified by the Compensation Committee of the Board. The Compensation Committee of the Board shall appropriately adjust any evaluation of performance under the Performance Goal to exclude (i) any extraordinary non-recurring items as detailed
in the press release describing the results of operations for the applicable year, or (ii) the effect of any changes in accounting principles affecting the Company’s or a business unit’s reported results. If the Performance Goal has
been achieved, 25% of this Award will vest on each anniversary of the Grant Date over four years (“Vesting Dates”), subject to your continued employment with the Company or one of its affiliates through each relevant Vesting Date.]

 [ALTERNATIVE VESTING SCHEDULES AVAILABLE TO THE COMPENSATION COMMITTEE AND INCENTIVE AWARD COMMITTEE
(CHOOSE ONE OF THE FOLLOWING): 
  

	 	•	 	 50% on the two year anniversary of the Grant Date and 50% on four year anniversary of the Grant Date (“Vesting Dates”), subject to your
continued employment with the Company or one of its affiliates through each relevant Vesting Date. 

  

	 	•	 	 50% on the three year anniversary of the Grant Date and 50% on four year anniversary of the Grant Date (“Vesting Dates”), subject to your
continued employment with the Company or one of its affiliates through each relevant Vesting Date. 

  

	 	•	 	 100% on the four year anniversary of the Grant Date (“Vesting Date”), subject to your continued employment with the Company or one of its
affiliates through the Vesting Date.] 

  
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 Subject to the provisions of Sections 6, 13 and 14, shares of Common Stock
will be issued in payment of the Award as soon as practicable upon or after each Vesting Date (but in each such case no later than sixty (60) days following the Vesting Date), net of shares of Common Stock withheld by the Company to satisfy the
minimum statutorily required federal, state, foreign and local tax withholding obligations, as provided in Section 10. You will have no right to receive shares under this Award unless and until the Restricted Stock Units vest. 

 

	3.	 Termination Of Employment. 

  

	 	(a)	 If you cease to be employed due to your death or Disability (as defined below), then as of the first business day of the month following the date of
termination of your employment, you will vest in the number of unvested Restricted Stock Units equal to the Pro Rata Number (as defined below). In such event, the Pro Rata Number of shares underlying the remaining Restricted Stock Units shall be
delivered as of the first business day of the month following the date of termination of your employment, subject to the provisions of Sections 6, 13 and 14 below. The “Pro Rata Number” is defined as: 

25% of the number of Restricted Stock Units subject to this Award multiplied by a fraction, the numerator of which is
the number of full calendar months you continued employment with the Company from the most recently completed Vesting Date (or from the Grant Date for ceases of employment within twelve months of the Grant Date) through and including your
termination date, and the denominator of which is 12. [NOTE: ADJUST, AS NECESSARY FOR ALTERNATIVE VESTING SCHEDULES.] 
 “Disability” is defined as any one or more of the following: (i) your being unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to last for a continuous period of not less than twelve (12) months; (ii) you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under the Company’s accident and health plan covering the
Company’s employees; or (iii) you have been determined to be totally disabled by the Social Security Administration. 
  

	 	(b)	 If you cease to be employed due to your Retirement (as defined below), then as of the first business day of the month following the date of
termination of your employment, you will become immediately vested in any Restricted Stock Units that have not previously vested. In such event, all shares underlying any remaining Restricted Stock Units shall be delivered as of the first business
day of the month following the date of termination of your employment, subject to the provisions of Sections 6, 13 and 14 below. 

 “Retirement” is defined as your termination of employment for a reason other than Disability or death subsequent to your having attained age 70 and having been employed by the Company or one of
its affiliate for at least 15 years. Notwithstanding the preceding sentence, a termination will not be considered a Retirement if you are terminated for “Cause” by the Company or one of its affiliates. For this purpose, “Cause”
shall be defined as (i) embezzlement, theft or misappropriation by you of any property of any of the Company or its affiliates; (ii) your breach of any fiduciary duty to the Company or its affiliates; (iii) your failure or refusal to
comply with laws or regulations applicable to the Company or its affiliates and their businesses or the policies of the Company and its affiliates governing the conduct of its employees or directors; (iv) your gross incompetence in the
performance of your job duties; (v) commission by you of a felony or of any crime involving moral turpitude, fraud or misrepresentation; (vi) your failure to perform duties consistent with a commercially reasonable standard of care;
(vii) your failure or refusal to perform your job duties or to perform specific directives of your supervisor or designee, or the senior officers or Board of Directors of the Company; or (viii) any gross negligence or willful misconduct by
you resulting in loss to the Company or its affiliates, or damage to the reputation of the Company or its affiliates. 

  
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	 	(c)	 If you cease to be employed other than due to a termination described in (a) or (b) above, all then unvested Restricted Stock Units
(including dividend equivalents, if any) awarded hereby shall immediately terminate without notice to you and shall be forfeited. For the purposes of this Agreement, termination of employment shall be considered to be the last day of your active
service for the Company and its affiliates and such termination of employment date shall not be extended by any notice of termination period (or garden leave) required under applicable local law. 

 

	4.	 No Employment Agreement. Neither the Award nor the delivery to you of this Agreement or any other document relating to the Restricted Stock
Units will confer on you the right to continued employment with or other service to the Company or any Parent or Subsidiary. You agree that this Agreement, the transactions contemplated hereunder and the vesting schedule set forth herein do not
constitute an express or implied promise of continued employment or service for the vesting period, for any period, or at all, and will not interfere in any way with your right or the right of the Company (or the Parent or Subsidiary employing or
retaining you) to terminate your employment or other service relationship at any time, with or without cause or notice provided compliant with applicable local law. 

 

	5.	 [OPTIONAL (ADJUST SECTION REFERENCES IF DELETED)]: Dividend Equivalents. During the period beginning on the Grant Date as indicated above and
ending on the date that the Restricted Stock Unit is settled or terminates, whichever occurs first, you will accrue cash payments based on the cash dividend that would have been paid on the Restricted Stock Unit had the Restricted Stock Unit been an
issued and outstanding share of Common Stock on the record date for the dividend. Such accrued dividends will vest and become payable upon the same terms and at the same time as the Restricted Stock Units to which they relate, including any delay in
payment to which the related Restricted Stock Units may be subject pursuant to Sections 6 and 13 and will be paid in cash. Dividend equivalent payments will be net of federal, state, foreign and local withholding taxes to the extent such
withholding is required.] 

  

	6.	 Deferral. If permitted by the Administrator, the issuance of the Common Stock issuable with respect to this Award may be deferred upon such
terms and conditions as determined by the Administrator, subject to the Administrator’s determination that any such right of deferral or any term thereof complies with applicable laws or regulations in effect from time to time. If you are
located outside the U.S., you will not be permitted to elect to defer the settlement of your Restricted Stock Units. 

  

	7.	 Nontransferable. You may not sell, assign, pledge, encumber or otherwise transfer any interest in the Restricted Stock Units or the right to
receive dividend equivalents thereon. 

  

	8.	 Other Restrictions. The issuance of Common Stock under this Award is subject to compliance by the Company and you with all applicable legal
requirements applicable thereto and with all applicable regulations of any stock exchange on which the Common Stock may be listed at the time of issuance. The Company may delay the issuance of shares of Common Stock under this Award to ensure at the
time of issuance there is a registration statement for the shares in effect under the Securities Act of 1933. 

  

	9.	 Additional Provisions. This Award is subject to the provisions of the Plan. Capitalized terms not defined in this Award are used as defined
in the Plan. If the Plan and this Award are inconsistent, the provisions of the Plan will govern, except as specifically provided herein. Interpretations of the Plan and this Award by the Committee are binding on you and the Company.

  

	10.	 Tax Withholding. You acknowledge that, regardless of any action taken by the Company or, if different, your employer, the ultimate liability
for any or all income tax, social insurance contributions, payroll tax or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”) is and remains your responsibility and may
exceed the amount withheld by the Company or your employer. You further acknowledge that the Company and/or your employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect
of the Award and (2) do not commit to structure the terms of the grant or any aspect of the Award to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you are subject to Tax-Related Items
in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, you acknowledge that the Company and/or your employer (or former employer, as applicable) may be required to withhold
or account for Tax-Related Items in more than one jurisdiction. 

  
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 You agree that the Company may satisfy such withholding by any or a
combination of the following methods: (i) by requiring you to pay such amount in cash or check; (ii) by deducting such amount out of any other compensation otherwise payable to you; (iii) by the Company withholding a number of shares
issuable in respect of the Award having a fair market value equal to the amount of Tax-Related Items that the Company determines it or your employer is required to withhold; and/or (iv) arranging for the Company’s designated broker (if
any, or any broker acceptable to the Company) to sell shares on the Vesting Date having a fair market value equal to the amount of Tax-Related Items that the Company determines it is required to withhold (and, in the case of using the Company’s
designated broker, you authorize such sale by accepting the terms of this Award). If the obligation for Tax-Related Items is satisfied by withholding in shares, for tax purposes, you are deemed to have been issued the full number of shares subject
to the vested Award, notwithstanding that a number of the shares are held back solely for the purpose of paying the Tax-Related Items. 
 If the Tax-Related Items are not satisfied for any reason or if you otherwise fail to comply with your obligations in connection with the Tax-Related Items as described in this section, the Company may
refuse to deliver the shares pursuant to this Award. 
  

	11.	 Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of its
Stock Plan Administrator, at 3250 Van Ness Avenue, San Francisco, CA 94109 USA, or at such other address as the Company may hereafter designate in writing. 

 

	12.	 Non-accrual of Rights. In accepting your Award, you acknowledge that: 

 

	 	•	 	 the Plan is established voluntarily by the Company; it is discretionary in nature and it may be modified, amended, suspended or terminated by the
Company at any time, unless otherwise provided in the Plan and this Award Agreement; 

  

	 	•	 	 the grant of your Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or
benefits in lieu of awards, even if awards have been granted in the past; 

  

	 	•	 	 all decisions with respect to future Awards under the Plan, if any, will be at the sole discretion of the Company; 

 

	 	•	 	 you are voluntarily participating in the Plan; 

  

	 	•	 	 the Award and the shares of Common Stock subject to the Award are not intended to replace any pension rights or compensation;

  

	 	•	 	 the Award and the shares of Common Stock subject to the Award, and the income and value of same, are not part of normal or expected compensation or
salary for any purpose, including, but not limited to, for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments; 

  

	 	•	 	 the future value of the shares of Common Stock subject to your Award is unknown, indeterminable and cannot be predicted with certainty;

  

	 	•	 	 no claim or entitlement to compensation or damages shall arise from forfeiture of the Award resulting from the termination of your employment or
other service relationship (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment or service agreement, if any), and in
consideration of the grant of the Award to which you are otherwise not entitled, you irrevocably agree never to institute any such claim against the Company or any Subsidiary, waive your ability, if any, to bring any such claim, and release the
Company and all Subsidiaries from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you shall be deemed irrevocably to have agreed not to pursue
such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claim; 

  

	 	•	 	 unless otherwise provided in the Plan or determined by the Company in its discretion, the Award and the benefits evidenced by this Award Agreement
do not create any entitlement to have the Award or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the shares of the Company;
and 

  
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	 	•	 	 you acknowledge and agree that neither the Company nor any Subsidiary shall be liable for any foreign exchange rate fluctuation between your local
currency and the United States Dollar that may affect the value of the Award or of any amounts due to you pursuant to the settlement of the Award, the payment of dividend equivalents or the subsequent sale of any shares of Common Stock acquired upon
settlement. 

  

	13.	 409A Settlement Provisions. Please note Sections 13 and 14 are applicable only to U.S. taxpayers. Notwithstanding anything in
the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units is accelerated in connection with your Retirement or other termination of employment (provided that such
termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to death, and if (x) you are a “specified employee” within the meaning of Section 409A at
the time of such termination and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to you on or within the six (6) month period following your
termination of employment, then the payment of such accelerated Restricted Stock Units otherwise payable to you during such six (6) month period will accrue and will be paid to you on the date six (6) months and one (1) day following
the date of your termination of employment, unless you die following your termination of employment, in which case, the Restricted Stock Units will be paid in shares of Common Stock to your estate as soon as practicable following your death. It is
the intent of this Agreement to comply with, or be exempt from, the requirements of Section 409A so that none of the Restricted Stock Units provided under this Agreement or shares of Common Stock issuable thereunder will be subject to the
additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply or be exempt. For purposes of this Agreement, “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as
amended, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

 

	14.	 Transactions. 

  

	 	(a)	 Section 409A Change of Control. In the event of a Transaction that qualifies as a change in the ownership or effective
control of the Company or a change in the ownership of a substantial portion of the Company’s assets, each within the meaning of Section 409A (each, a “409A Change of Control”): 

 

	 	(i)	 Following Share Deferral. If you have elected to defer receipt of your shares of Common Stock such that this Award is subject to
Section 409A: 

  

	 	(x)	 Vested Deferred Shares. With respect to the then-vested but deferred shares of Common Stock subject to this Award, regardless of whether such
portion of the Award is or is not assumed or substituted for as provided in Section 17 of the Plan, your deferral of such shares shall cease immediately upon the Transaction and the shares of Common Stock (or the per share consideration
received by a majority of the holders of such Common Stock in such Transaction) payable to you in connection with this portion of the Award will be delivered to you as soon as practicable following the date on which such Transaction is consummated
(and, subject to the provisions of Section 13, within sixty (60) days of the consummation of the Transaction). 

  

	 	(y)	 Unvested Restricted Stock Units. With respect to then-unvested Restricted Stock Units subject to this Award: 

 

	 	(1)	 If such portion of the Award is not assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award will vest 100%
immediately prior to its termination pursuant to Section 17 of the Plan, your deferral of such shares shall cease immediately upon the Transaction and the shares of Common Stock (or the per share consideration received by a majority of the
holders of such Common Stock in such Transaction) payable to you in connection with this portion of the Award will be delivered to you as soon as practicable following the date on which such Transaction is consummated (and, subject to the provisions
of Section 13, within sixty (60) days of the consummation of the Transaction). 

  
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	 	(2)	 If such portion of the Award is assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award shall continue to
vest in accordance with the terms of this Agreement and the Plan and be delivered to you in accordance with the applicable deferral election (subject to Section 13 hereof). 

 

	 	(ii)	 Following Retirement Eligibility. If you are eligible for Retirement on the date of consummation of the 409A Change of Control such
that this Award is subject to Section 409A, and have not elected to defer receipt of your shares of Common Stock, then with respect to then-unvested Restricted Stock Units subject to this Award: 

 

	 	(x)	 If such portion of the Award is not assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award will vest 100%
immediately prior to its termination pursuant to Section 17 of the Plan, and all the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) payable to you in
connection with this portion of the Award will be delivered to you as soon as practicable following the date on which such Transaction is consummated (and, subject to the provisions of Section 13, within sixty (60) days of the consummation
of the Transaction). 

  

	 	(y)	 If such portion of the Award is assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award shall continue to
vest in accordance with the terms of this Agreement and the Plan and be delivered to you on the same dates specified under the terms of this Agreement (including, but not limited to Sections 2, 3 and 13 hereof). 

 

	 	(iii)	 Following Both Share Deferral and Retirement Eligibility. If you are both eligible for Retirement on the date of consummation
of the 409A Change of Control and have elected to defer receipt of your shares of Common Stock, such that this Award is subject to Section 409A, the provisions of Section 14(a)(i) (“Section 409A Change of Control – Following
Share Deferral”) shall apply. 

  

	 	(iv)	 No Deferral or Retirement Eligibility. If you are not eligible for Retirement on the date of consummation of the 409A Change of
Control and have not elected to defer receipt of your shares of Common Stock, such that this Award is exempt from Section 409A, the then-unvested Restricted Stock Units subject to this Award will be treated pursuant to Section 17 of the
Plan, subject to the provisions of Section 13 hereof. 

  

	 	(b)	 Non-Section 409A Change of Control. In the event of a Transaction that does not qualify as a 409A Change of Control:

  

	 	(i)	 Following Share Deferral. If you have elected to defer receipt of your shares of Common Stock such that this Award is subject to
Section 409A: 

  

	 	(x)	 Vested Deferred Shares. With respect to the then-vested but deferred shares of Common Stock subject to this Award, regardless of
whether such portion of the Award is or is not assumed or substituted for as provided in Section 17 of the Plan, the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such
Transaction) payable to you in connection with this portion of the Award will be delivered to you on the same dates specified in your deferral election (subject to Section 13 hereof). 

 

	 	(y)	 Unvested Restricted Stock Units. With respect to then-unvested Restricted Stock Units subject to this Award:

  
 6 

	 	(1)	 If such portion of the Award is not assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award will vest 100%
immediately prior to its termination pursuant to Section 17 of the Plan, but the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) payable to you in connection
with this portion of the Award will be delivered to you on the same dates specified in your deferral election (subject to Section 13 hereof), in each case regardless of any acceleration of the vesting of such Restricted Stock Units which may
occur in connection with the Transaction. 

  

	 	(2)	 If such portion of the Award is assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award shall continue to
vest in accordance with the terms of this Agreement and the Plan and be delivered to you in accordance with the applicable deferral election (subject to Section 13 hereof). 

 

	 	(ii)	 Following Retirement Eligibility. If you are eligible for Retirement on the date of consummation of the non-409A Change of Control
such that this Award is subject to Section 409A, and have not elected to defer receipt of your shares of Common Stock, then with respect to then-unvested Restricted Stock Units subject to this Award: 

 

	 	(x)	 If such portion of the Award is not assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award will vest 100%
immediately prior to its termination pursuant to Section 17 of the Plan, but the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) payable to you in connection
with this portion of the Award will be delivered to you on the same dates specified under the terms of this Agreement (including, but not limited to Sections 2, 3 and 13 hereof), regardless of any acceleration of the vesting of such Restricted Stock
Units which may occur in connection with the Transaction. 

  

	 	(y)	 If such portion of the Award is assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award shall continue to
vest in accordance with the terms of this Agreement and the Plan and, regardless of any acceleration of the vesting of such Restricted Stock Units which may occur in connection with the Transaction, be delivered to you on the same dates specified
under the terms of this Agreement (including, but not limited to Sections 2, 3 and 13 hereof). 

  

	 	(iii)	 Following Both Share Deferral and Retirement Eligibility. If you are both eligible for Retirement on the date of consummation of the
non-409A Change of Control and have elected to defer receipt of your shares of Common Stock, such that this Award is subject to Section 409A, the provisions of Section 14(b)(i) (“Non-Section 409A Change of Control –
Following Share Deferral”) shall apply. 

 No Deferral or Retirement
Eligibility. If you are not eligible for Retirement on the date of consummation of the non-409A Change of Control and have not elected to defer receipt of your shares of Common Stock, such that this Award is exempt from Section 409A,
the then-unvested Restricted Stock Units subject to this Award will be treated pursuant to Section 17 of the Plan, subject to the provisions of Section 13 hereof. 

 

	15.	 Governing Law and Venue. The Award and the provisions of this Agreement are governed by, and subject to, the laws of the State of California
without regard to the conflict of law provisions, as provided in the Plan. Further, for purposes of any action, lawsuit or other proceedings brought to enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and
consent to the sole and exclusive jurisdiction of the courts of San Francisco County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is made and/or to be
performed. 

  
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	16.	 Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents related to current or future
participation in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third
party designated by the Company. 

  

	17.	 Severability and Waiver. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. Further, you acknowledge that a waiver by the Company of breach of any provision of this Agreement shall not operate or be
construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other Plan participant. 

  

	18.	 Imposition of Other Requirements. The Company reserves the right to impose other requirements on your participation in the Plan, on the Award
and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing. 

  

	19.	 No Advice. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your
participation in the Plan or your acquisition or sale of Common Shares. You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.

  

	20.	 Language. If Employee has received this Agreement or any other document related to the Plan translated into a language other than English and
if the translated version is different than the English version, the English version will control. 

  

	21.	 Country-Specific Appendix. Notwithstanding any provisions in this Agreement or the Plan, the grant of Restricted Stock Units shall be subject
to any special terms and conditions as set forth in the Appendix to this Agreement for your country of residence. In addition, for U.S. taxpayers, the U.S. provisions in the Appendix will apply and may modify the timing of settlement of Restricted
Stock Units for you. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will apply to you to the extent the Company determines that the application of such terms and
conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 

 [INSERT SIGNATURE LINE FOR INDIVIDUALS OUTSIDE OF U.S.] 

  
 8EX-10.3

 Exhibit 10.3 
 Separation Agreement & General Release 
 This Separation
Agreement and General Release (the “Agreement”) is entered into by and between Richard Harvey (“Executive”) and Williams-Sonoma Inc. (“WSI”), in final resolution of all existing and potential claims and disputes between
them, as provided below. 
 1.          Executive terminates from his
employment effective as of, and his employment will cease on, May 3, 2013 (the “Separation Date”). This Agreement operates as a full and final settlement and resolution of all past and present claims, potential claims and disputes
that Executive has or may have against WSI and/or WSI’s predecessors, affiliates, parents, subsidiaries, officers, directors, employees or agents, including all claims related in any way to Executive’s employment with WSI and/or separation
from employment with WSI. 
 2.          In consideration of the releases and
agreements set forth below, the parties agree to the following: 

A.         Salary, Benefits and Stock: In consideration of the Executive’s additional
promises and releases set forth below, WSI shall pay Executive the following benefits: 

(i)         On the Separation Date, Executive shall be paid all wages and accrued vacation
owed him. 
 (ii)        For the twenty-four months following his Separation Date (the
“Payment Period”), Executive shall be entitled to receive ongoing payments of his salary, less applicable withholding, at the rate effective on the Separation Date (specifically, $675,000 per year), on the existing payroll schedule
applicable to officers of the Company. Such payments will commence on the first such scheduled payroll date following the Separation Date. 
 (iii)       In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive
payments of three thousand five hundred dollars ($3,500) per month for twenty-four months from the Separation Date, on the existing payroll schedule applicable to officers of the Company. Such payments will commence on the first such scheduled
payroll date following the Separation Date. 
 (iv)       Executive’s 25,000 restricted
stock units that are otherwise scheduled to vest on March 25, 2014, including any related dividend equivalent, shall vest immediately; and 
 (v)        Executive shall be entitled to receive a lump-sum payment of $50,000, less applicable withholding, for outplacement and other transition-related
expenses, at Executive’s discretion. 
 Notwithstanding the foregoing, in the event that Executive materially violates any
of the covenants set forth in Section 14 or Section 16, all payments and benefits described in this Section 2.A. (other than in Section 2.A.(i)) shall cease and Executive shall forfeit any and all rights to receive them.

  
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 B.          All payments shall be treated
as wages and will be subject to withholding of applicable taxes, employee social security contributions and other amounts under applicable law. 
 C.          Executive agrees and acknowledges that after May 3, 2013 he will no longer be an employee of WSI which means, without limitation, that:
(a) he will not earn or accrue any paid personal leave or vacation; (b) he shall not be eligible for active employee coverage under WSI’s medical, dental and/or vision plans provided that his current health coverage will extend
through May 31, 2013; and (c) he shall not participate in or contribute to any WSI-sponsored employee benefit plan or program or any compensatory arrangement of any kind (except under COBRA, if timely elected by Executive and his covered
dependents). Executive further agrees that for purposes of determining any employee benefits owed to him and other for compensatory purposes, his employment shall be treated as having been terminated effective on the Separation Date. Executive
acknowledges and agrees that he shall not receive or be entitled to additional grants of stock or other equity based awards after the Separation Date, nor shall his previously granted stock options or other equity awards vest after the Separation
Date except as set forth in Section 2.A.(iv) hereof. Executive shall have such period of time from the Separation Date to exercise his stock options as set forth in the applicable option grant agreements. 

3.          Executive will be entitled to receive his vested benefits under the
Williams-Sonoma, Inc. 401(k) Plan. 
 The provisions of Section 2 and Section 3 are intended to be and are exclusive
and in lieu of any other rights or remedies to which Executive may otherwise be entitled, whether at law, tort or contract, in equity, or under any agreement, plan or arrangement (other than the payment of accrued but unpaid wages, as required by
law, and any unreimbursed reimbursable expenses). Executive will be entitled to no other severance, benefits, compensation or other payments or rights upon a termination of employment, including, without limitation, any severance payments and/or
benefits provided in any employment-related agreement or management retention agreement, other than those benefits expressly set forth in Sections 2 and 3 of this Agreement or pursuant to written equity award agreements with WSI. 

4.          In addition to retiring from his officer position with WSI, Executive
further agrees to resign, effective upon the Separation Date, from any position as an officer or director of any subsidiary or related company of WSI. At WSI’s request, Executive will complete all necessary paperwork and provide such necessary
information to effectuate those resignations. Executive waives any rights to give or receive notice with respect to such resignations. 
 5.          Executive agrees that he shall cooperate with WSI to transition his duties and responsibilities in a mutually respectful manner. 

6.          Executive agrees to return any laptop, mobile devices, iPad, cell phone and
other WSI property he received through employment at WSI by no later than May 3, 2013. 

7.          In consideration of the payments and other benefits made to Executive in
accordance with paragraph 2 above, which are in addition to anything Executive is otherwise 

  
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entitled to receive from WSI, Executive fully and forever discharges WSI, all affiliated and related companies and their predecessors, successors and assigns, as well as each of their officers,
directors, employees, agents, representatives and shareholders (collectively, the “Released Parties”) from all liability upon claims and causes of action of any nature whatsoever, known and unknown, suspected and unsuspected, which
Executive may have against the Released Parties as of the effective date of this Agreement. This release includes any claims under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the California Fair Employment
and Housing Act, the California Labor Code, including but not limited to Section 132a, and any other claims arising from his employment, including under the laws of contracts, torts, otherwise. This release does not include claims that cannot
be released as a matter of law, such as those for indemnity under Labor Code § 2802 or Executive’s Indemnity Agreement. 
 WSI, on behalf of itself and all of its subsidiaries, affiliates, directors and officers, voluntarily, knowingly and willingly releases and forever discharges Executive from any and all charges,
complaints, claims, promises, agreements, controversies, causes of action and demands of any nature whatsoever which WSI or its subsidiaries, affiliates, directors, administrators, successors or assigns ever had, now have or hereafter can, shall or
may have by reason of any matter, cause or thing whatsoever arising through and including the Separation Date. 

8.          Executive represents that he has carefully read and fully understands all
of the terms of the Agreement, and that he has had the opportunity to and in fact has sought legal advice and assistance. Executive further represents that he knowingly and voluntarily agrees to all of the terms set forth in this Agreement and that
he was not coerced to enter into this Agreement. 
 9.          Both parties
agree and acknowledge that this release extends to unknown and unsuspected claims and causes of action. Accordingly, Executive and WSI each agree to waive their rights under Section 1542 of the California Civil Code, which provides that:

 A general release does not extend to claims which the creditor does not know or suspect
to exist in his/her favor at the time of executing the release, which if known by her/him, must have materially affected her/his settlement with the debtor. 
 10.        Executive acknowledges that WSI is not entering into this Agreement because it believes that Executive has any cognizable legal claim against the
Released Parties as defined above. Executive acknowledges that the purpose of this Agreement is to provide for a mutually acceptable transition of his employment upon his retirement and to settle all potential disputes between the parties, while at
the same time protecting the Released Parties and Executive from the expense and disruption that is so often incurred in a lawsuit. If Executive elects not to sign this Agreement, the fact that this Agreement was offered in the first place will not
be understood as an indication that the Released Parties believed Executive was discriminated against or treated unlawfully in any respect and/or was entitled to the consideration offered pursuant to this Agreement. 

  
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 11.       Executive warrants and represents that he has
not filed and has not assigned any claims or causes of action covered by the release in this Agreement which have not been dismissed, closed, withdrawn or otherwise terminated either prior to or as part of this Agreement. 

12.       The parties hereto represent and acknowledge that in executing this Agreement, they have not
relied upon any representation or statement made by any of the parties or by any of the parties’ agents, attorneys or representatives with regard to the subject matter, basis or effect of this Agreement, other than those specifically stated in
this written Agreement. 
 13.       Executive agrees that except as otherwise expressly
provided in this Agreement, prior to the Company’s public disclosure of this Agreement, the terms of this Agreement may not be disclosed in whole or in part to any individual or any other entity, except (i) Executive’s spouse,
(ii) tax adviser, (iii) legal counsel, and (iv) on WSI’s side, employees, agents or representatives of WSI who have a need to know in order to perform their job duties, including the successful implementation of the terms of this
Agreement, or as may be required by law or reasonable business necessity. Executive specifically agrees that his spouse, lawyer, and tax advisor have been fully briefed on, and will comply with, this confidentiality provision, and that any breach by
his spouse, lawyer, and/or tax advisor of this confidentiality provision will be a breach by Executive and will subject his to claims by WSI for damages. 
 14.       Executive shall, at all times, hold in a fiduciary capacity for the benefit of WSI or any subsidiary or affiliate companies (the “Control Group”) all
secret or confidential information, knowledge, or data relating to the Control Group or its business (which shall be defined as all such information, knowledge, and data coming to the Executive’s attention by virtue of his employment at WSI
except that which is otherwise public knowledge or generally known within WSI’s industry). Executive shall not at any time, without prior written consent of WSI, unless compelled pursuant to the order of a court or other body having
jurisdiction over such matter or unless required by lawful process or subpoena, communicate or divulge any such information, knowledge or data to anyone other than the Control Group and those designated by it, or use any such information, knowledge
or data, other than for the benefit of the Control Group. 
 Executive shall not, at any time, make any statements or comments
(i) to any form of media or likely to come to the attention of any form of media of a negative nature that reasonably could be considered to have an adverse impact on the business or reputation of the Control Group, WSI’s Board of
Directors (the “Board”) or any senior officer of the Control Group, or (ii) to any employee of the Control Group or to any supplier or customer of the Control Group of a negative nature that reasonably could be considered to have an
adverse impact on the business or reputation of the Control Group or the Board or any senior officer of the Control Group. WSI’s CEO, the CEO’s direct reports and WSI’s Board of Directors shall not disparage Executive in any manner
likely to be harmful to Executive or his business, business reputation or personal reputation; provided that both parties may respond accurately and fully (i) where required in compliance with legal process or subpoena, (ii) in response to
inquiry from a court or regulatory body, or (iii) in response to inquiry from the Board. 

  
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 While Executive is receiving any amounts pursuant to Section 2 hereof, Executive will
not directly or indirectly recruit, solicit or induce, or attempt to induce, any employee, consultant or vendor of the Control Group to terminate employment or any other relationship with the Control Group. Executive acknowledges that the
restrictions contained in this paragraph are necessary for the protection of the business and goodwill of the Control Group and are considered by Executive to be reasonable for such purpose. 

Executive acknowledges and agrees that all intellectual property created, made or conceived by Executive (solely or jointly), at any
time while he was employed by WSI, shall be owned exclusively by WSI. In addition, Executive agrees that this Agreement shall constitute an assignment to WSI of Executive’s residual intellectual property rights, if any, in all such work, and
agrees to assist WSI with securing patents, registering copyrights and trademarks, and obtaining any other forms of intellectual property protection in the United States and in other countries. For purposes of this Agreement,
‘“intellectual property” includes business ideas and methods, confidential information, inventions, product designs, artwork, graphic designs (including, for example, catalog designs, in-store signage and posters), web page designs,
audio/visual works, package designs, store interior and exterior designs, trademarks, and any other works of authorship, any of which relates to the actual or anticipated business of the Control Group or results from or is suggested by any work
performed by employees for or on behalf of the Control Group. 
 Notwithstanding any other provision of this Agreement, in the
event of a breach or threatened breach by Executive of any provision of this Section 14, Executive and WSI agree that WSI shall be entitled to injunctive and declaratory relief from a court of competent jurisdiction to restrain Executive from
committing such breach of this Agreement. 
 The provisions of this Section 14 shall survive the termination of
Executive’s employment with WSI; provided, however, that the provisions shall cease to apply after WSI’s uncured failure to fulfill its obligations to Executive under Section 2 of this Agreement after WSI is provided with written
notice by Executive thereof and a thirty day period in which to cure such alleged failure. 

15.       In the event that Executive is made a party to or is threatened to be made a party to or is
involuntarily involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (hereinafter a “Proceeding”), by reason of the fact that he was an officer of the Company or was serving (during such
person’s tenure as officer) at the request of WSI, any other corporation, partnership, joint venture, trust or other enterprise in any capacity, whether the basis of a Proceeding is an alleged action in an official capacity as an officer or in
any other capacity while serving as an officer, shall be indemnified and held harmless by WSI to the fullest extent authorized by Delaware Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the
extent that such amendment permits WSI to provide broader indemnification rights than said law permitted WSI to provide prior to such amendment), against all expenses, liability and loss (including attorneys’ fees, judgments, fines, or
penalties and amounts to be paid in settlement) reasonably incurred or suffered by Executive in connection therewith. The right to indemnification conferred in this Section 15 shall be a contract right and shall include the right to be advanced
by WSI the expenses to be incurred in 

  
 5 

 
defending a Proceeding in advance of its final disposition; provided, however, that, if Delaware Law requires, the payment of such expenses in advance of the final disposition of a Proceeding
shall be made only upon receipt by the corporation of an undertaking by or on behalf of Executive to repay all amounts so advanced if it shall ultimately be determined that he is not entitled to be indemnified under this Section 15 or
otherwise. No amendment to or repeal of this Section 15 shall apply to or have any effect on any right to indemnification provided hereunder with respect to any acts or omissions occurring prior to such amendment or repeal. 

The rights conferred in this Section 15 shall not be exclusive of any other rights which Executive may have or hereafter acquire
under any statute, provision of the Articles of Incorporation, bylaw, agreement, vote of shareholders or disinterested directors or otherwise, to the extent the additional rights to indemnification are authorized in the Articles of Incorporation of
the corporation. 
 16.       In consideration of this Agreement, Executive will fully
cooperate with WSI and its counsel as it relates, in any way, to any issue or matter that may arise as the subject of litigation or administrative inquiry, which occurred during his employment with or other services to WSI. Full cooperation shall
include, but not limited to, review of documents, attendance at meetings, trial or administrative proceedings, depositions, interviews, or production of documents to WSI without the need of the subpoena process. In addition, as a condition to WSI
executing this Agreement and providing the benefits hereunder, Executive agrees to cooperate in all matters relating to the transition of his employment (including with respect to internal and external communication plans) and other matters
reasonably requested by the Board of Directors of WSI, whether before or after the Separation Date. Such cooperation shall be at mutually convenient times and places, and be subject to reasonable reimbursement of Executive’s time and expenses.

 17.       This Agreement shall be binding upon and shall inure to the benefit of the
parties and their heirs, administrators, representatives, executors, successors and assigns. 

18.       Except as otherwise specified herein, this Agreement and all rights, duties and remedies
hereunder shall be governed by and construed and enforced in accordance with the laws of the State of California, without reference to its choice of law rules. Any party alleging breach of the Agreement shall pursue claims, if any, in arbitration
under the commercial (and not the employment) rules of the Judicial Arbitration and Mediation Services (JAMS). The Arbitrator shall be empowered to award the party prevailing in any such arbitration its fees and costs; provided, however that the
Company shall advance all JAMS arbitration fees. Before the filing of such claims, the parties agree to engage in mediation, in good faith with intent to attempt to resolve their disputes, through a mutually agreed upon mediator. 

19.       This Agreement sets forth the entire agreement between the parties hereto and fully
supersedes any and all prior agreements or understandings, written or oral, between the parties hereto pertaining to the subject matter hereof. Without limiting the foregoing, if there are any conflicts between this Agreement and the Employment
Agreement, this Agreement shall control. 

  
 6 

 20.       Upon receipt of an invoice provided by
Executive, WSI shall reimburse Executive in any amount not to exceed $10,000 for payment of his fees, legal costs and related expenses, if any, incurred in connection with the matters resolved by this agreement. This amount shall be reimbursed no
later than December 31, 2013. 
 21.       Executive acknowledges and agrees that
neither WSI nor its advisors have made any representations to him regarding the tax consequences to Executive of any compensation or benefits subject to this Agreement. Such tax consequences are solely Executive’s responsibility. 

22.       This Agreement is intended to be exempt from or comply with the requirements of
Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities or ambiguous terms herein will be interpreted to be exempt or
so comply. Executive agrees to amend this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition to Executive under Section 409A, so long as
such amendment or action does not reduce Executive’s benefits hereunder. Without limiting Section 21 hereof, in no event will WSI reimburse Executive for any taxes that may be imposed on Executive as a result of Section 409A.

 23.       Executive warrants that he has been advised to review this Agreement with legal
counsel and that he has been supplied with, has read and has had an opportunity to discuss the terms of this Agreement with his attorneys. Executive further warrants that he fully understands the contents and effect of this document, approves and
accepts the terms and provisions of this Agreement, agrees to be bound thereby, and signs the same of his own free will. Executive has twenty-one days to review the Agreement, although he need not take all of that time, and shall have seven
(7) days after he signs this Agreement to reconsider and revoke this Agreement. Any revocation of this Agreement by Executive following his execution of this Agreement must be in writing and delivered to Linda Lewis, whose address is 3250 Van
Ness Avenue, San Francisco, CA 94109 no later than the close of business of the seventh (7th) day following Executive’s execution of this Agreement. Provided no revocation is delivered, the Effective Date of this Agreement shall be the day
after the expiration of the revocation period or the day of notice by WSI that the condition has been removed, whichever is later. 
 Agreed to this 3rd day of May, 2013. 
  

							
	 /s/ Richard Harvey

      Richard Harvey
	 		  	   /s/ Laura Alber

     By: Laura Alber
 Williams-Sonoma, Inc.
	  	

  
 7

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