Document:

tlrd_Ex10_28

		
			Exhibit 10.28
		

		
			 
		

		
			Employee Agreement
		

		
			 
		

		
			TAILORED BRANDS, INC. 
		

		
			2016 LONG-TERM INCENTIVE PLAN
		

		
			 
		

		
			RESTRICTED STOCK AWARD AGREEMENT
		

		
			 
		

		
			Tailored Brands, Inc., a Texas corporation (the “Company”), hereby grants to the employee of the Company named herein (the “Employee”) the following Restricted Stock Award (“Restricted Stock”) pursuant to the terms and conditions of the Tailored Brands, Inc. 2016 Long-Term Incentive Plan (the “Plan”), and this Restricted Stock Award Agreement (this “Award Agreement”).  
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						1.  Name of Employee:

					
					
						    

					
					
						     [  ]     

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						2.  Grant Date:

					
					
						 

					
					
						  [  ] ,20[  ]

					
					
						(the “Grant Date”)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						3.  Number of Shares of
Restricted Stock
Granted:

					
					
						 

					
					
						    [  ]   

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						4.  Vesting:

					
					
						 

					
					
						Except as otherwise provided in this Award Agreement, the shares of Restricted Stock will vest in accordance with the following schedule; provided that the Employee’s employment with the Company or any Affiliate has not terminated prior to the applicable vesting date:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Vesting Date

					
					
						Number of Shares of
Restricted Stock as to
Which Employee is Vested

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						5.  Change in Control:  

					
					
						 

					
					
						Notwithstanding the provisions of Section 4 of this Award Agreement, in the event of a Change in Control, the terms and conditions of the Change in Control Plan, if applicable to the Employee, will apply with respect to any outstanding shares of Restricted Stock.  The term “Change in Control Plan” shall mean either (a) the Tailored Brands, Inc. Senior Executive Change in Control Severance Plan, adopted effective September 8, 2016, or (b) the Tailored Brands, Inc. Vice President Change in Control Severance Plan, amended and restated effective September 8, 2016.  For purposes of this Section 5, the terms and conditions of the Change in Control Plan are incorporated into and made a part of this Award Agreement.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						6.  Settlement:

					
					
						 

					
					
						Subject to the provisions of Section 8 of this Award Agreement, at the time that an Employee becomes vested in any shares of Restricted Stock pursuant to Section 4 or Section 5 of this

				

		 

 

	
					
						

					
					
						    

					
					
						Award Agreement, the Company shall cause to be delivered to the Employee a stock certificate representing such vested shares of Stock, and such shares of Stock shall be transferable by the Employee.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						7.    Dividend Equivalent
Payments:

					
					
						 

					
					
						If, during the period beginning on the Grant Date and ending on the date on which any shares of Restricted Stock are to be settled pursuant to Section 6 of this Award Agreement (the “Applicable Dividend Period”), the Company pays any dividends in cash with respect to the outstanding shares of Stock (a “Cash Dividend”), then upon the settlement of vested Restricted Stock, the Employee shall also be entitled to receive a cash payment in an amount equal to the product of (a) the number of shares of Stock to be issued upon such settlement of the Restricted Stock; and (b) the aggregate amount of the Cash Dividends paid per share of Stock during the Applicable Dividend Period (the “Dividend Equivalents”).  Such Dividend Equivalents will be payable by the Company at the same time as the Restricted Stock to which they relate are settled pursuant to Section 6 of this Award Agreement.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						If, during the Applicable Dividend Period, the Company pays any dividends in shares of Stock with respect to the outstanding shares of Stock, then, the Company will increase the number of shares of Restricted Stock granted hereunder by an amount equal to the product of (a) the number of shares of Restricted Stock; and (b) the number of shares of Stock paid by the Company per share of Stock (collectively, the “Additional Restricted Stock”).  Each share of Additional Restricted Stock will be subject to the same terms and conditions applicable to the Restricted Stock for which such share of Additional Restricted Stock was awarded and will be settled pursuant to Section 6 of this Award Agreement at the same time and on the same basis as such Restricted Stock.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						8.  Conditions

					
					
						 

					
					
						The Company’s obligation to deliver stock certificates upon the settlement of vested Restricted Stock is subject to the satisfaction of the following conditions: (a) the Employee is not, at the time of settlement, in material breach of any of his or her obligations under this Award Agreement, or under any other agreement with the Company or any Affiliate; (b) no preliminary or permanent injunction or other order against the delivery of the stock certificate issued by a federal or state court of competent jurisdiction in the United States shall be in effect; (c) there shall not be in effect any federal or state law, rule or regulation which prevents or delays delivery of the stock certificate; and (d) the Employee shall confirm any factual matters reasonably requested by the Committee, the Company

				

		
			

		 

		

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						or counsel for the Company.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						9.  Shareholder Rights:

					
					
						 

					
					
						The Company shall cause its books and records to reflect entries evidencing the shares of Restricted Stock or rights to acquire Additional Restricted Stock (as described in Section 7 of this Award Agreement) to be recorded in the Employee’s name.  Prior to the settlement of the Restricted Stock, such book entries shall reflect a restrictive legend to the effect that ownership of such shares of Restricted Stock (and any Additional Restricted Stock), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms, and conditions provided in the Plan and this Award Agreement.  The Employee shall have the right to vote the Restricted Stock awarded to the Employee and to exercise all other rights, powers and privileges of a holder of Stock, with respect to such Restricted Stock, with the exception that (a) the Employee shall not be entitled to delivery of a stock certificate or certificates representing such Restricted Stock until they vest in accordance with Section 4 or Section 5 of this Award Agreement; (b) the Company shall retain custody of all Dividend Equivalents and Additional Restricted Stock made or declared with respect to the Restricted Stock (and such  Dividend Equivalents and Additional Restricted Stock shall be subject to the same restrictions, terms and conditions as are applicable to the Restricted Stock) until such time, if ever, as the Restricted Stock with respect to which such Dividend Equivalents and Additional Restricted Stock shall have been made, paid, or declared shall have become vested, and such Dividend Equivalents and Additional Restricted Stock shall not bear interest or be segregated in separate accounts and (c) the Employee may not sell, assign, transfer, pledge, exchange, encumber, or dispose of the Restricted Stock or any Additional Restricted Stock prior to the vesting of such Restricted Stock.  

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						10.  Effect of Plan:

					
					
						 

					
					
						The Restricted Stock is subject in all cases to the terms and conditions set forth in the Plan, which are incorporated into and made a part of this Award Agreement.  In the event of a conflict between the terms of the Plan and the terms of this Award Agreement, the terms of the Plan will govern.  All capitalized terms that are used in this Award Agreement but are not defined in this Award Agreement shall have the meanings ascribed to such terms in the Plan.

				
	
					
						 

					
					
						 

					
					
						 

				

		
			
		

		

		 

		

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						11.  Acknowledgment:

					
					
						    

					
					
						By receipt of this Award, the Employee acknowledges and agrees that the Restricted Stock is subject to all of the terms and conditions of the Plan and this Award Agreement.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						12.  Forfeiture for Cause:

					
					
						 

					
					
						Notwithstanding any other provision of this Agreement, the Restricted Stock granted hereunder shall be subject to the Forfeiture for Cause provisions contained in Section 4.7 of the Plan.  

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						13.  Effect on Other
Agreements:

					
					
						 

					
					
						The Company and the Employee acknowledge and agree that, with the exception of the Change in Control Plan or an employment agreement, if either or both are applicable to the Employee, the provisions of this Award Agreement shall supersede any and all other agreements and rights that the Employee has under any agreements or arrangements between the Employee and the Company, whether in writing or otherwise, with respect to the matters set forth herein.

				

		
			 
		

		 

		

			4tlrd_Ex10_30

		
			Exhibit 10.30
		

		
			 
		

		
			TAILORED BRANDS, INC. 
		

		
			2016 LONG-TERM INCENTIVE PLAN
		

		
			 
		

		
			NONQUALIFIED STOCK OPTION AGREEMENT
		

		
			 
		

		
			Tailored Brands, Inc., a Texas corporation (the “Company”), hereby grants to the employee of the Company named herein (the “Employee”) the following Nonqualified Stock Option (the “Option”) pursuant to the terms and conditions of the Tailored Brands, Inc. 2016 Long-Term Incentive Plan (the “Plan”), and this Nonqualified Stock Option Agreement (this “Option Agreement”).
		

		
			 
		

			
					
						1.  Name of Employee:

					
					
						    

					
					
						     [  ]     

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						2.  Grant Date:

					
					
						 

					
					
						    [  ]     , 20[  ]

					
					
						(the “Grant Date”)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						3.  Number of Shares of
Stock Subject to Option:

					
					
						 

					
					
						    [  ]     

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						4.  Option Exercise Price:

					
					
						 

					
					
						   $[ ]  

					
					
						per share of Stock

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						5.  Vesting:

					
					
						 

					
					
						Except as otherwise provided in this Option Agreement, the Option shall vest and become exercisable in accordance with the following provisions:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						(a)The Option shall vest and may be exercised in accordance with the schedule contained in Exhibit A attached hereto and made a part of this Option Agreement.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						(b)To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part until the Option expires and terminates as provided in the applicable sections of this Option Agreement.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						(c)In the event of the Employee’s Termination of Employment for any reason, the Option shall not continue to vest after such Termination of Employment.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						6.  Expiration and
Termination of the
Option:

					
					
						 

					
					
						Except as otherwise provided in this Option Agreement, the Option shall expire and terminate on the earlier of (a) the tenth anniversary of the Grant Date (the “Option General Expiration Date”); and (b) ninety (90) days after the Employee’s Termination of Employment.

				

		
			 
		

		
			
		

		

		 

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						7.    Retirement, Death or
Disability:

					
					
						 

					
					
						If the Employee’s employment with the Company or any Affiliate terminates by reason of the Employee’s Retirement, death or Disability, the Option shall expire and terminate on the earlier of (a) the Option General Expiration Date; and (b) one year following the date of the Employee’s Termination of Employment due to Retirement, death or Disability.  The Option may be exercised pursuant to the provisions of this Section 7 of this Option Agreement with respect to the number of shares of Stock that the Employee would have been entitled to purchase had the Employee exercised the Option on the date of the Employee’s Termination of Employment.    

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						8.    Change in Control:

					
					
						 

					
					
						In the event of a Change in Control, the terms and conditions of the Change in Control Plan will apply with respect to the Option.  The term “Change in Control Plan” shall mean the Tailored Brands, Inc. Senior Executive Change in Control Severance Plan, adopted effective September 8, 2016.  For purposes of this Section 8, the terms and conditions of the Change in Control Plan are incorporated into and made a part of this Option Agreement.  

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						9.   Limits on Exercisability:

					
					
						 

					
					
						The Option shall not be exercisable until (a) the effective registration under the Securities Act of 1933, as amended (the “Act”), of the shares of Stock to be received pursuant to this Option Agreement (unless in the opinion of counsel for the Company such offering is exempt from registration under the Act); and (b) compliance with all other applicable laws.  If the Employee is an officer or “affiliate” of the Company (as such term is defined under the Act), the Employee consents to the placing on the certificate for any shares of Stock acquired upon exercise of the Option of an appropriate legend restricting resale or other transfer of such shares of Stock, except in accordance with the Act and all applicable rules thereunder.  

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						10.  Shareholder Rights:

					
					
						 

					
					
						Except as otherwise provided in this Option Agreement, the Employee shall have none of the rights of a shareholder with respect to the shares of Stock underlying the Option until the Employee exercises the Option and becomes the recordholder of the shares of Stock underlying the Option.  

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						11.  Effect of Plan:

					
					
						 

					
					
						The Option is subject in all cases to the terms and conditions set forth in the Plan, which are incorporated into and made a part of this Option Agreement.  In the event of a conflict between the terms of the Plan and the terms of this Option Agreement, the terms of the Plan will govern.  All capitalized terms that are used in this Option Agreement but are not defined in this Option

				

		
			 
		

		

		 

		

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						Agreement shall have the meanings ascribed to such terms in the Plan.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						12.  Acknowledgment:

					
					
						 

					
					
						By receipt of this Award, the Employee acknowledges and agrees that the Option is subject to all of the terms and conditions of the Plan and this Option Agreement.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						13.  Forfeiture for Cause:

					
					
						 

					
					
						Notwithstanding any other provision of this Option Agreement, the Option granted hereunder shall be subject to the Forfeiture for Cause provisions contained in Section 4.7 of the Plan.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						14.  Effect on Other
Agreements:

					
					
						 

					
					
						The parties acknowledge and agree that, with the exception of the Change in Control Plan or an employment agreement, if either or both are applicable to the Employee, the provisions of this Option Agreement shall supersede any and all other agreements and rights that the Employee has under any agreements or arrangements between the Employee and the Company, whether in writing or otherwise, with respect to the matters set forth herein.

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

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			EXHIBIT A
		

		
			 
		

		
			Applicable Vesting Schedule for the Option
		

		
			 
		

		
			 
		

			
					
						Date On and After Which

					
					
						    

					
					
						Additional Percentage

					
					
						    

					
					
						Additional Number of Shares

				
	
					
						Portion of Option May Be

					
					
						 

					
					
						of Option Vested and

					
					
						 

					
					
						With Respect to Which

				
	
					
						Exercised

					
					
						 

					
					
						Exercisable

					
					
						 

					
					
						Option May Be Exercised

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