Document:

Employment, Confidentiality and Noncompete Agreement dated as of March 16, 2009

 EXHIBIT 10.2 
 EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETE AGREEMENT 
 This Employment, Confidentiality and Noncompete Agreement (“Agreement”) is made and entered into effective as of the 16th day of March 2009, by and between Build-A-Bear Workshop, Inc., a Delaware corporation (“Company”), and John Haugh (“Employee”). 
 WHEREAS, Company desires to employ and Employee desires to be employed as the President and Chief Marketing and Merchandising Bear of Company.

 WHEREAS, Company has pioneered the retail concept of “make your own” stuff plush toys, including animals and dolls, and is
engaged in, among other things, the business of production, marketing, promotion and distribution of plush stuff toys, clothing, accessories and similar items, including without limitation, the ownership, management, franchising, leasing and
development of retail stores in which the basic operation is the selling of such items, and the promotion of the related concepts and characters through merchandising and mass media. The Company is headquartered and its principal place of business
are located in, and this Agreement is being signed in, St. Louis, Missouri. 
 WHEREAS, Company conducts business in
selected locations throughout the United States and internationally through franchise arrangements. 
 WHEREAS, Company has
expended a great deal of time, money and effort to develop and maintain its proprietary Confidential Information (as defined herein) which is material to Company and which, if misused or disclosed, could be very harmful to Company’s business.

 WHEREAS, the success of Company depends to a substantial extent upon the protection of its Confidential Information and goodwill by all of
its employees. 
 WHEREAS, Company compensates its employees to, among other things, develop and preserve goodwill with its customers,
landlords, suppliers and partners on Company’s behalf and business information for Company’s ownership and use. 
 WHEREAS, if
Employee were to leave Company, Company, in all fairness, would need certain protections in order to prevent competitors of Company from gaining an unfair competitive advantage over Company or diverting goodwill from Company, or to prevent Employee
from misusing or misappropriating the Confidential Information. 
 NOW, THEREFORE, in consideration of the compensation and other benefits of
Employee’s employment by Company and the recitals, mutual covenants and agreements hereinafter set forth, Employee and Company agree as follows: 
 1. Employment Services. 
 (a) Employee is hereby employed by Company, and Employee
hereby accepts such employment, upon the terms and conditions hereinafter set forth. Employee shall serve as President and Chief Marketing and Merchandising Bear during the Employment Period, on a full-time basis. Employee shall carry out such
duties as are assigned to him by Company’s Chief Executive Bear. 

 (b) Employee agrees that throughout Employee’s employment with Company, Employee
will (i) faithfully render such services as may be delegated to Employee by Company, (ii) devote substantially all of Employee’s entire business time, good faith, best efforts, ability, skill and attention to Company’s business,
and (iii) follow and act in accordance with all of the rules, policies and procedures of Company, including but not limited to working hours, sales and promotion policies, and specific Company rules. Company further agrees that it shall not
during the Initial Term of this Agreement require Employee to relocate his residence outside of the St. Louis metropolitan area. 
 (c) “Company” means Build-A-Bear Workshop, Inc. or one of its Subsidiaries, whichever is Employee’s employer. The term “Subsidiary” means any corporation, joint venture or other business organization in which
Build-A-Bear Workshop, Inc. now or hereafter, directly or indirectly, owns or controls more than fifty percent (50%) interest. 
 2.
Term of Employment. The term of this Agreement shall commence on the date first set forth above, and shall end on the third anniversary hereof, unless sooner terminated as provided in Section 4 hereof (the “Initial Term”).
Following the Initial Term, this Agreement shall renew for successive one-year periods (each a “Renewal Period”; collectively, the Initial Term and each Renewal Period, the “Employment Period”), unless either party notifies the
other party of its decision not to renew the Agreement at least 30 days prior to the third anniversary date or the expiration of any Renewal Period, or unless the Agreement is sooner terminated as provided in Section 4 hereof. For the avoidance
of doubt, if either party provides notice of non-renewal of the Agreement at least 30 days prior to the end of the Initial Term or the end of any Renewal Period, then the Agreement shall expire. 
 3. Compensation. 
 (a)
Base Salary. During the Employment Period, Company shall pay Employee as compensation for his services an annual base salary of not less than Three Hundred Fifty Thousand Dollars ($350,000), payable in accordance with Company’s usual
practices. Employee’s annual base salary rate shall be reviewed by the Compensation Committee of the Board of Directors (the “Compensation Committee”) at least annually for increase following each fiscal year so that Employee’s
salary will be commensurate for similarly situated executives with firms similarly situated to Company; provided, however, that if Employee’s individualized performance targets (set for each fiscal year by Employee and Employee’s
team leader) are achieved, Employee’s annual base salary rate shall not be subject to decrease at any time during the Employment Period and shall be subject to annual increase by no less than the average percentage increase given to all other
Company executive employees for such fiscal year (the “Average Increase”). 
 (b) Bonus. Should Company
exceed the sales, profits and other objectives established by Compensation Committee for any fiscal year, Employee shall be eligible to receive a bonus for such fiscal year in the amount as determined by the Compensation Committee; provided however
the potential bonus opportunity for Employee in any given fiscal year will be set by the Compensation Committee such that, if the Company exceeds its objectives, the Company will pay Employee not less than fifty percent (50%) of Employee’s
annual base pay for such fiscal year. Any bonus payable to Employee will be payable in cash, stock or stock options, or combination thereof, all as determined by the Board of Directors or any duly authorized committee thereof, and unless a different
payout schedule is applicable for 

 
all executive employees of the Company, any such bonus payment will be payable in a single, lump sum payment. In the event of termination of this Agreement
because of Employee’s death or disability (as defined by Section 4.1(b)), termination by the Company without Cause pursuant to Section 4.1(c), or pursuant to Employee’s right to terminate this Agreement for Good Reason under
Section 4.1(d), the bonus criteria shall not change and any bonus shall be pro-rated based on the number of full calendar weeks during the applicable fiscal year during which Employee was employed hereunder and shall be paid at the time and in
the form such bonus would have been paid had Employee’s employment continued. No bonus shall be payable hereunder for any other termination of employment by Executive prior to the last day of a fiscal year. 
 Such bonus, if any, shall be payable after Company’s accountants have determined the sales and profits and have issued their audit
report with respect thereto for the applicable fiscal year, which determination shall be binding on the parties. Any such bonus shall be paid within seventy-five (75) days after the end of each calendar year, regardless of Employee’s
employment status at the time payment is due. If timely payment is not made, the Company shall indemnify the Employee against any additional tax liability that the Employee may incur proximately as a result of the payment being made after the
seventy-five day period. 
 (c) Stock Options. Employee may have been granted in the past, and/or may in the future be
granted, a certain number of restricted shares and/or stock options to purchase shares of Company’s common stock (the “Common Stock”), pursuant to the terms set forth more particularly in the stock option and/or restricted stock
agreements (“Stock Agreement”) used in connection with the Build-A-Bear Workshop, Inc. 2004 Stock Incentive Plan (or any successor plan) (the “Plan”). The Plan and applicable Stock Agreement(s) shall govern any grants of
restricted shares and/or stock options to purchase shares of Company’s Common Stock. 
 (d) Discounts. Employee
and his immediate family will be entitled to a 20% discount for all merchandise purchased at Company’s stores. 
 (e)
Vacation. Employee shall be entitled to paid vacation and paid sick leave on the same basis as may from time to time apply to other Company executive employees generally. Vacations will be scheduled with the approval of Company’s Chief
Executive Bear, who may block out certain periods of time during which vacations may not be taken, including preceding Valentine’s Day, preceding Easter, from November 1 through December 31, during Company inventory, and just prior to
store openings. One-third of one year’s vacation (or any part of it) may be carried over to the next year; provided that such carry over is used in the first calendar quarter of the next year. Unless approved by the Chief Executive Bear, all
unused vacation shall be forfeited. No more than two weeks of vacation can be taken at one time. Employee shall also be entitled to one (1) additional day per calendar year of paid vacation to be taken in the month of his birthday. 

(f) Other. Employee shall be eligible for such other perquisites as may from time to time be awarded to Employee by Company
payable at such times and in such amounts as Company, in its sole discretion, may determine. All such compensation shall be subject to customary withholding taxes and other employment taxes as required with respect thereto. During the Employment
Period, Employee shall also qualify for all rights and benefits for which Employee may be eligible under any benefit plans including group life, medical, health, dental and/or disability insurance or other benefits 

 
(“Welfare Benefits”) which are provided for employees generally at his then current location of employment. Employee may, in his sole discretion,
decline any perquisite, Welfare Benefit, proposed annual salary increase, or bonus payment. 
 4. Termination Provisions. 

4.1 Termination of Employment. Prior to the expiration of the Employment Period, this Agreement and Employee’s employment may be terminated
as follows: 
 (a) Upon Employee’s death; 
 (b) By the Company upon thirty (30) day’s prior written notice to Employee in the event Employee, by reason of permanent
physical or mental disability (which shall be determined by a physician selected by Company or its insurers and acceptable to Employee or Employee’s legal representative (such agreement as to acceptability not to be withheld unreasonably),
shall be unable to perform the essential functions of his position, with or without reasonable accommodation, for six (6) consecutive months; provided, however, Employee shall not be terminated due to permanent physical or mental disability
unless or until said disability also entitles Employee to benefits under such disability insurance policy as is provided to Employee by Company, provided however that continued entitlement to disability benefits coverage shall be not required where
Employee fails to qualify for benefits coverage continuation due to an act or omission by Employee. 
 (c) By the Company with
or without Cause. For the purposes of this Agreement, “Cause” shall mean: (i) Employee’s engagement in any conduct which, in Company’s reasonable determination, constitutes gross misconduct, or is illegal, unethical or
improper provided such conduct brings detrimental notoriety or material harm to Company; (ii) gross negligence or willful misconduct; (iii) any act which results in a conviction for a felony involving moral turpitude, fraud or
misrepresentation; (v) a material breach of a material provision of this Agreement by Employee, or (v) failure of Employee to follow a written directive of the Chief Executive Bear or the Board of Directors within thirty (30) days
after receiving such notice, provided that such directive is reasonable in scope or is otherwise within the Chief Executive Bear’s or the Board’s reasonable business judgment, and is reasonably within Employee’s control; provided
Employee does not cure said conduct or breach (to the extent curable) within thirty (30) days after the Chief Executive Bear or the Board of Directors provides Employee with written notice of said conduct or breach. In the event of termination
for Cause, the Employee will be afforded an opportunity prior to the actual date of termination to discuss the matter with the Company. 
 (d) By the Employee with or without Good Reason. For purposes of this Agreement, “Good Reason” shall mean (i) a material breach of a material provision of this Agreement by Company, provided Company
does not cure said breach within thirty (30) days after Employee provides the Board of Directors with written notice of the breach or (ii) Company’s issuance of a notice of non-renewal of this Agreement under Section 2, which
results in expiration of this Agreement and a failure of Company and Employee to enter into a new written employment agreement. 

 4.2 Impact of Termination. 
 (a) Survival of Covenants. Upon termination of this Agreement, all rights and obligations of the parties hereunder shall cease,
except termination of employment pursuant to Section 4 or otherwise shall not terminate or otherwise affect the rights and obligations of the parties pursuant to Sections 5 through 13 hereof. 
 (b) Severance. In the event during the Employment Period (i) the Company terminates Employee’s employment other than for
Cause pursuant to Section 4.1(c) or (ii) the Employee terminates his employment for Good Reason pursuant to Section 4.1(d), the Company shall continue his base salary for a period of twelve (12) months from termination, such
payments to be reduced by the amount of any compensation from a subsequent employer during such period. Employee shall accept these payments in full discharge of all obligations of any kind which Company has to him except obligations, if any
(i) for post-employment benefits expressly provided under this Agreement and/or at law, (ii) to repurchase any capital stock of Company owned by Employee (as may or may not be set forth in the applicable stock agreement); or (iii) for
indemnification under separate agreement by virtue of Employee’s status as a director/officer of the Company. Employee shall also be eligible to receive a bonus with respect to the year of termination as provided in Section 3(b).

 Notwithstanding anything herein to the contrary, in the event that Employee is determined to be a specified employee within
the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), for purposes of any payment on termination of employment hereunder, payment(s) shall be made or begin, as applicable, on the first payroll date
which is more than six months following the date of separation from service, to the extent required to avoid any adverse tax consequences under Section 409A of the Code. Any payments that would have been made during such 6-month period shall be
made in a lump sum on the first payroll date which is more than six months following the date Employee separates from service with Company. 
 (c) Termination due to Employee Non-Renewal of Term or Termination by Employee without Good Reason. If the Agreement expires either at the end of the Initial Term or at the end of any Renewal Period, due to the
issuance of notice of non-renewal by Employee under Section 2, then no severance under Section 4(b) shall be paid to the Employee and his employment shall terminate upon the anniversary date. If Employee terminates his employment without
Good Reason, then no severance under 4.2(b) shall be paid to Employee and his employment shall terminate on the effective date of such termination. 
 (d) Welfare Benefits. Upon termination or expiration of this Agreement for any reason, Employee shall be provided with such Welfare Benefits continuation notices, rights and obligations as may be required under
federal or state law (including COBRA). During the period that Welfare Benefits are continued under COBRA, the Company shall continue to pay the Company’s portion of the medical plan premium for the benefit of Employee. 
  

 5. Confidential Information. 
 (a) Employee agrees to keep secret and confidential, and not to use or disclose to any third parties, except as directly required for
Employee to perform Employee’s employment responsibilities for Company, any of Company’s proprietary Confidential Information. 
 (b) Employee acknowledges and confirms that certain data and other information (whether in human or machine readable form) that comes into his possession or knowledge (whether before or after the date of this
Agreement) and which was obtained from Company, or obtained by Employee for or on behalf of Company, and which is identified herein (the “Confidential Information”) is the secret, confidential property of Company. This Confidential
Information includes, but is not limited to: 
 (1) lists or other identification of customers or prospective customers of
Company; 
 (2) lists or other identification of sources or prospective sources of Company’s products or components
thereof, its landlords and prospective landlords and its current and prospective alliance, marketing and media partners (and key individuals employed or engaged by such parties); 
 (3) all compilations of information, correspondence, designs, drawings, files, formulae, lists, machines, maps, methods, models, studies,
surveys, scripts, screenplays, artwork, sketches, notes or other writings, plans, leases, records and reports; 
 (4)
financial, sales and marketing data relating to Company or to the industry or other areas pertaining to Company’s activities and contemplated activities (including, without limitation, leasing, manufacturing, transportation, distribution and
sales costs and non-public pricing information); 
 (5) equipment, materials, designs, procedures, processes, and techniques
used in, or related to, the development, manufacture, assembly, fabrication or other production and quality control of Company’s products, stores and services; 
 (6) Company’s relations with its past, current and prospective customers, suppliers, landlords, alliance, marketing and media
partners and the nature and type of products or services rendered to, received from or developed with such parties or prospective parties; 
 (7) Company’s relations with its employees (including, without limitation, salaries, job classifications and skill levels); and 
 (8) any other information designated by Company to be confidential, secret and/or proprietary (including without limitation, information
provided by customers, suppliers and alliance partners of Company). 

 Notwithstanding the foregoing, the term Confidential Information shall not consist of any data or other information which
has been made publicly available or otherwise placed in the public domain other than by Employee in violation of this Agreement. 
 (c) During the Employment Period, Employee will not copy, reproduce or otherwise duplicate, record, abstract, summarize or otherwise use, any papers, records, reports, studies, computer printouts, equipment, tools or other property owned by
Company except as expressly permitted by Company in writing or required for the proper performance of his duties on behalf of Company. 
 6.
Post-Termination Restrictions. Employee recognizes that (i) Company has spent substantial money, time and effort over the years in developing and solidifying its relationships with its customers, suppliers, landlords and alliance,
marketing and media partners and in developing its Confidential Information; (ii) long-term customer, landlord, supplier and partner relationships often can be difficult to develop and require a significant investment of time, effort and
expense; (iii) Company has paid its employees to, among other things, develop and preserve business information, customer, landlord, vendor and partner goodwill, customer, landlord, vendor and partner loyalty and customer, landlord, vendor and
partner contacts for and on behalf of Company; and (iv) Company is hereby agreeing to employ and pay Employee based upon Employee’s assurances and promises not to divert goodwill of customers, landlords, suppliers or partners of Company,
either individually or on a combined basis, or to put himself in a position following Employee’s employment with Company in which the confidentiality of Company’s Confidential Information might somehow be compromised. Accordingly, Employee
agrees that during the Employment Period and for the period of time set forth below following termination of employment, provided termination is in accordance with the terms of paragraph 4.1(b), (c), or (d), or due to expiration of the Agreement due
to non-renewal by either party, Employee will not, directly or indirectly (whether as owner, partner, consultant, employee or otherwise): 
 (a) for one (1) year, engage in, assist or have an interest in, or enter the employment of or act as an agent, advisor or consultant for, any person or entity which is engaged in, or will be engaged in, the
development, manufacture, supplying or sale of a product, process, service or development which is competitive with a product, process, service or development on which Employee worked or with respect to which Employee has or had access to
Confidential Information while at Company (“Restricted Activity”), and which is located within the United States or within any country where the Company has established a retail presence either directly or through a franchise arrangement;
or 
 (b) for one (1) year, induce or attempt to induce any employee, consultant, partner or advisor of Company to accept
employment or an affiliation with any entity engaged in a Restricted Activity; 
 provided, however, that following termination of his employment,
Employee shall be entitled to be an employee of an entity that engages in Restricted Activity so long as: (i) the sale of stuffed plush toys is not a material business of the entity; (ii) Employee has no direct or personal involvement in
the sale of stuffed plush toys ; and (iii) neither Employee, his relatives, nor any other entities with which he is affiliated own more than 1% of the entity. As used in this paragraph 6, “material business” shall mean that either
(A) greater than 10% of annual revenues received by such entity were derived from the sale of stuffed plush toys and related products, or (B) the annual revenues received or projected to be received by such entity 

 
from the sale of stuffed plush toys and related products exceeded $10 million, or (C) or the entity otherwise annually derives or is projected to derive
annual revenues in excess of $5 million from a retail concept that is similar in any material regard to Company. 
 7. Acknowledgment
Regarding Restrictions. Employee recognizes and agrees that the restraints contained in Section 6 (both separately and in total), including the geographic scope thereof in light of the Company’s marketing efforts, are reasonable and
enforceable in view of Company’s legitimate interests in protecting its Confidential Information and customer goodwill and the limited scope of the restrictions in Section 6. 
 8. Inventions. 
 Any
and all ideas, inventions, discoveries, patents, patent applications, continuation-in-part patent applications, divisional patent applications, technology, copyrights, derivative works, trademarks, service marks, improvements, trade secrets and the
like (collectively, “Inventions”), which are developed, conceived, created, discovered, learned, produced and/or otherwise generated by Employee, whether individually or otherwise, during the time that Employee is employed by Company,
whether or not during working hours, that relate to (i) current and anticipated businesses and/or activities of Company, (ii) the current and anticipated research or development of Company, or (iii) any work performed by Employee for
Company, shall be the sole and exclusive property of Company, and Company shall own any and all right, title and interest to such Inventions. Employee assigns, and agrees to assign to Company whenever so requested by Company, any and all right,
title and interest in and to any such Invention, at Company’s expense, and Employee agrees to execute any and all applications, assignments or other instruments which Company deems desirable or necessary to protect such interests, at
Company’s expense. 
 (b) Employee acknowledges that as part of his work for the Company he may be asked to create, or
contribute to the creation of, computer programs, documentation and other copyrightable works. Employee hereby agrees that any and all computer programs, documentation and other copyrightable materials that he has prepared or worked on for the
Company, or is asked to prepare or work on by the Company, shall be treated as and shall be a “work made for hire,” for the exclusive ownership and benefit of Company according to the copyright laws of the United States, including, but not
limited to, Sections 101 and 201 of Title 17 of the U.S. Code (“U.S.C.”) as well as according to similar foreign laws. Company shall have the exclusive right to register the copyrights in all such works in its name as the owner and author
of such works and shall have the exclusive rights conveyed under 17 U.S.C. §§ 106 and 106A including, but not limited to, the right to make all uses of the works in which attribution or integrity rights may be implicated. Without in any
way limiting the foregoing, to the extent the works are not treated as works made for hire under any applicable law, Employee hereby irrevocably assigns, transfers, and conveys to Company and its successors and assigns any and all worldwide right,
title, and interest that Employee may now or in the future have in or to the works, including, but not limited to, all ownership, U.S. and foreign copyrights, all treaty, convention, statutory, and common law rights under the law of any U.S. or
foreign jurisdiction, the right to sue for past, present, and future infringement, and moral, attribution, and integrity rights. Employee hereby expressly and forever irrevocably waives any and all rights that he may have arising under 17 U.S.C.
§§ 106A, rights that may arise under any federal, state, or foreign law that conveys rights that are similar in nature to those conveyed under 17 U.S.C. §§ 106A, and any other type of moral right or droit moral. 

 9. Company Property. Employee acknowledges that any and all notes, records, sketches, computer
diskettes, training materials and other documents relating to Company obtained by or provided to Employee, or otherwise made, produced or compiled during the Employment Period, regardless of the type of medium in which they are preserved, are the
sole and exclusive property of Company and shall be surrendered to Company upon Employee’s termination of employment and on demand at any time by Company. 
 10. Nondisparagement. Employee agrees that he will not in any way disparage Company or its affiliated entities, officers, or directors. Further, Employee agrees that he will neither make nor solicit any comments,
statements, or the like to the media or to third parties that may be considered to be derogatory or detrimental to the good name or business reputation of Company or any of its affiliated entities, officers or directors. 
 11. Non-Waiver of Rights. Either party’s failure to enforce at any time any of the provisions of this Agreement or to require at any time
performance by the other party of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect either the validity of this Agreement, or any part hereof, or the right of the non-breaching party thereafter
to enforce each and every provision in accordance with the terms of this Agreement. 
 12. Company’s Right to Injunctive Relief.
In the event of a breach or threatened breach of any of Employee’s duties and obligations under the terms and provisions of Sections 5, 6, or 8 hereof, Company shall be entitled, in addition to any other legal or equitable remedies it may have
in connection therewith (including any right to damages that it may suffer), to temporary, preliminary and permanent injunctive relief restraining such breach or threatened breach. Employee hereby expressly acknowledges that the harm which might
result to Company’s business as a result of any noncompliance by Employee with any of the provisions of Sections 5, 6 or 8 would be largely irreparable. Employee specifically agrees that if there is a question as to the enforceability of any of
the provisions of Sections 5, 6 or 8 hereof, Employee will not engage in any conduct inconsistent with or contrary to such Sections until after the question has been resolved by a final judgment of a court of competent jurisdiction. 
 13. Judicial Enforcement. If any provision of this Agreement is adjudicated to be invalid or unenforceable under applicable law in any
jurisdiction, the validity or enforceability of the remaining provisions thereof shall be unaffected as to such jurisdiction and such adjudication shall not affect the validity or enforceability of such provisions in any other jurisdiction. To the
extent that any provision of this Agreement is adjudicated to be invalid or unenforceable because it is overbroad, that provision shall not be void but rather shall be limited only to the extent required by applicable law and enforced as so limited.
The parties expressly acknowledge and agree that this Section is reasonable in view of the parties’ respective interests. 
 14.
Employee Representations. Employee represents that the execution and delivery of the Agreement and Employee’s employment with Company do not violate any previous employment agreement or other contractual obligation of Employee. Employee
further represents and agrees that he will not, during his employment with Company, improperly use or disclose any proprietary information or trade secrets of former employers and will not bring on to the premises of the Company any unpublished
documents or any property belonging to his former employers unless consented to in writing by such employers. 

 15. Amendments. No modification, amendment or waiver of any of the provisions of this Agreement
shall be effective unless in writing specifically referring hereto, and signed by the parties hereto. This Agreement supersedes all prior agreements and understandings between Employee and Company to the extent that any such agreements or
understandings conflict with the terms of this Agreement. 
 16. Assignments. This Agreement shall be freely assignable by Company to
and shall inure to the benefit of, and be binding upon, Company, its affiliates, successors and assigns and/or any other entity which shall succeed to the business presently being conducted by Company. Being a contract for personal services, neither
this Agreement nor any rights hereunder shall be assigned by Employee. 
 17. Choice of Forum and Governing Law. In light of
Company’s substantial contacts with the State of Missouri, the parties’ interests in ensuring that disputes regarding the interpretation, validity and enforceability of this Agreement are resolved on a uniform basis, and Company’s
execution of, and the making of, this Agreement in Missouri, the parties agree that: (i) any litigation involving any noncompliance with or breach of the Agreement, or regarding the interpretation, validity and/or enforceability of the
Agreement, shall be filed and conducted in the state or federal courts in St. Louis City or County, Missouri; and (ii) the Agreement shall be interpreted in accordance with and governed by the laws of the State of Missouri, without regard for
any conflict of law principles. 
 18. Notices. Except as otherwise provided for herein, any notices to be given by either party to
the other shall be affected by personal delivery in writing or by mail, registered or certified, postage prepaid, with return receipt requested. Mailed notices shall be addressed as follows: 
  

									
		 	a.	 	If to Company:	  	
		 		 		 	  
 Maxine Clark
 Chief Executive Bear
 1954 Innerbelt Business Center
 St. Louis, MO 63114
  
	  	
		 	b.	 	If to Employee:	  	
		 		 		 	  
 John Haugh
	  	
		 		 		 	  
  
	  	

 19. Arbitration. Any controversy or claim arising out of, or relating to this Agreement,
the breach thereof, or Employee’s employment by Company, shall, at Company’s sole option, be settled by binding arbitration in the County of St. Louis in accordance with the rules then in force of the American Arbitration Association, and
judgment upon the award rendered may be entered and enforced in any court having jurisdiction thereof. The controversies or claims subject to arbitration at Company’s option under this Agreement include, without limitation, those arising 

 
under Title VII of the Civil Rights Act of 1964, 42 U.S.C. Section 1981, the Age Discrimination in Employment Act, the Americans with Disabilities
Act, the Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act, the Missouri Human Rights Act, local laws governing employment, and the statutory and/or common law of contract and tort. In the event Employee commences
any action in court which Company has the right to submit to binding arbitration, Company shall have sixty (60) days from the date of service of a summons and complaint upon Company to direct in writing that all or any part of the dispute be
arbitrated. Any remedy available in any court action shall also be available in arbitration. 
 20. Headings. Section headings are
provided in this Agreement for convenience only and shall not be deemed to substantively alter the content of such sections. 
 PLEASE NOTE: BY
SIGNING THIS AGREEMENT, EMPLOYEE IS HEREBY CERTIFYING THAT EMPLOYEE (A) HAS RECEIVED A COPY OF THIS AGREEMENT FOR REVIEW AND STUDY BEFORE EXECUTING IT; (B) HAS READ THIS AGREEMENT CAREFULLY BEFORE SIGNING IT; (C) HAS HAD SUFFICIENT
OPPORTUNITY BEFORE SIGNING THE AGREEMENT TO ASK ANY QUESTIONS EMPLOYEE HAS ABOUT THE AGREEMENT AND HAS RECEIVED SATISFACTORY ANSWERS TO ALL SUCH QUESTIONS; AND (D) UNDERSTANDS EMPLOYEE’S RIGHTS AND OBLIGATIONS UNDER THE AGREEMENT. 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written. 

THIS AGREEMENT CONTAINS A BINDING ARBIRTARTION PROVISION WHICH MAY BE ENFORCED BY COMPANY. 
  

			
	 /s/ John Haugh

	 John Haugh

	
	BUILD-A-BEAR WORKSHOP, INC.
		
	By:	 	 /s/ Maxine Clark

		 	Name: Maxine Clark
		 	Title:   Chief Executive BearForm of Stock Option and Restricted Stock Agreement

 EXHIBIT 10.19 
 STOCK OPTION AND RESTRICTED STOCK AGREEMENT 
 FOR THE GRANT OF INCENTIVE STOCK OPTIONS,
NON-QUALIFIED 
 STOCK OPTIONS AND RESTRICTED STOCK UNDER THE 
 TIDEWATER INC. 2006 STOCK INCENTIVE PLAN 
 THIS AGREEMENT is entered into
as of March 5, 2009, by and between Tidewater Inc., a Delaware corporation (“Tidewater”), and                     (the
“Employee”). 
 WHEREAS, the Employee is a key employee of Tidewater or one of its subsidiaries and Tidewater considers it
desirable and in its best interest that the Employee be given an added incentive to advance the interests of Tidewater by possessing an option to purchase shares of the common stock of Tidewater, $.10 par value per share (the “Common
Stock”) and restricted shares of Common Stock in accordance with the Tidewater Inc. 2006 Stock Incentive Plan (the “Plan”), which was approved by the shareholders of Tidewater at the 2006 annual meeting of shareholders. Tidewater and
its subsidiaries shall be collectively referred to herein as the “Company.” 
 NOW, THEREFORE, in consideration of the
premises, it is agreed by and between the parties as follows: 
 I. 
 Stock Options 
 1.1 Grant of Options. Tidewater hereby grants to the
Employee effective March 5, 2009 (the “Date of Grant”) the right, privilege and option to purchase                     shares of
Common Stock (the “Option”) at an exercise price of $33.83 per share (the “Exercise Price”). The Option shall be exercisable at the times specified in Section 1.2 below. With respect to
                    of the shares subject to the Option, the Option is intended to be a non-qualified stock option and with respect to
                    of the shares subject to the Option, the Option is intended to be an incentive stock option under Section 422 of the
Internal Revenue Code of 1986, as amended (the “Code”). Notwithstanding the foregoing, an Option intended to qualify as an incentive stock option may be treated as a non-qualified stock option in the event of the acceleration of vesting or
if the Option is exercised after the time period permitted for incentive stock options. 
 1.2 Time of Exercise. 
 (a) Subject to the provisions of the Plan and the other provisions of this Section I, the Option shall be vested and exercisable in the amounts and on the
dates provided below, if the Employee continues to be employed by the Company on such date: 
  

					
	 Date Exercisable
	  	Incentive Stock
Option Shares	  	Non-Qualified
Stock Option
Shares
	 March 4, 2010
	  		  	
	 March 4, 2011
	  		  	
	 March 4, 2012
	  		  	

  

 1 

 (b) The Option shall terminate ten years following the Date of Grant and may terminate earlier in the
event of termination of the Employee’s employment as provided below or a Change of Control of Tidewater as provided in the Plan. During Employee’s lifetime, the Option may be exercised only by the Employee or the Employee’s curator if
the Employee has been interdicted. 
 (c) If the Employee’s employment with the Company terminates, other than as a result of death,
disability within the meaning of Section 22(e)(3) of the Code (“Disability”) or retirement, the Option may be exercised, but only to the extent otherwise exercisable on the date of termination of employment, within 90 days following
termination of employment, but in no event later than ten years after the Date of Grant. 
 (d) If the Employee’s employment with the
Company is terminated because of Disability or because of retirement, the Option may be exercised, but only to the extent otherwise exercisable on the date of termination of employment, within two years from the date of termination of employment,
but in no event later than ten years after the Date of Grant. In the case of an incentive stock option, however, the Option will not be treated as an incentive stock option for tax purposes if it is exercised later than three months following the
date of termination of employment as a result of retirement or later than one year following the date of termination of employment as a result of Disability. 
 (e) In the event of the Employee’s death, the Option may be exercised by the Employee’s estate, or by the person to whom such right devolves from him by reason of the Employee’s death, but only to the
extent otherwise exercisable on the date of death, within two years from the date of death, but in no event later than ten years after the Date of Grant. 
 (f) The Option shall become fully exercisable upon a Change of Control of Tidewater as provided in the Plan. 
 (g) Any portion of the Option that is not exercisable at the time of termination of employment shall be terminated upon termination of employment. Any portion of the Option that is exercisable but not exercised within the permitted time
period following termination of employment provided in this Section I, shall be terminated upon expiration of such permitted time period. 
 1.3 Method of Exercise of Option. 
 (a) The Employee may exercise all or a portion of the Option by delivering to the Company
a signed written notice of his intention to exercise the Option, specifying therein the number of shares to be purchased. Upon receiving such notice, and after the Company has received full payment of the Exercise Price in accordance with the Plan,
including as provided in Section 1.3(b) below, the appropriate officer of the Company shall cause the transfer of title of the shares purchased to Employee on Tidewater’s stock records and cause to be issued to Employee a stock certificate
for the number of shares being acquired. Employee shall not have any rights as a shareholder until the stock certificate is issued to him. 
  

 2 

 (b) As permitted in the Plan, the Committee has authorized the use of the net exercise procedure
described in the Plan for the exercise of the non-qualified stock options, but not for the exercise of the incentive stock options granted pursuant to this Agreement. 
 1.4 Non-Transferability. Unless permitted by the Committee in an amendment to this Agreement as provided in the Plan, the Option granted hereby may not be transferred, assigned, pledged or hypothecated in any
manner, by operation of law or otherwise, other than by will or by the laws of descent and distribution and shall not be subject to execution, attachment or similar process. 
 II. 
 Restricted Stock 
 2.1 Grant of Restricted Stock. Tidewater hereby grants to Employee a restricted stock award effective on the Date of Grant of
                    shares of Common Stock (the “Restricted Stock”) subject to the terms, conditions, and restrictions set forth in the
Plan and in this Agreement. 
 2.2 Award Restrictions. The period during which the restrictions imposed on the Restricted Stock by the
Plan and this Agreement are in effect is referred to herein as the “Restricted Period.” During the Restricted Period, the Employee shall be entitled to all rights of a stockholder of Tidewater, including the right to vote the shares and to
receive dividends thereon; provided, however, that the Restricted Stock, the right to vote the Restricted Stock and the right to receive dividends thereon may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise
encumbered during the Restricted Period. 
 2.3 Vesting Terms. 
 (a) Types of Restricted Stock.
                    of the shares of Restricted Stock shall vest based on the continued employment of the Employee as provided in Section 2.3(b)
below (the “Time-Based Restricted Stock”).                     of the shares of Restricted Stock shall vest based upon continued employment
and the satisfaction of performance criteria as provided in Section 2.3(c)(ii) below (the “Performance-Based Restricted Stock”). 
 (b) Time-Based Restricted Stock. The Restricted Period for the Time-Based Restricted Stock shall end and the shares of Time-Based Restricted Stock shall become vested and freely transferable as set forth below if, except as provided
in Section 2.3(d), the Employee remains employed by the Company on such dates, 
 With respect to 25% of the shares of Time-Based
Restricted Stock on March 4, 2010 
 With respect to 25% of the shares of Time-Based Restricted Stock on March 4, 2011 

With respect to 25% of the shares of Time-Based Restricted Stock on March 4, 2012 
 With respect to 25% of the shares of Time-Based Restricted Stock on March 4, 2013. 
  

 3 

 (c) (i) Performance-Based Restricted Stock. The Restricted Period for the Performance-Based
Restricted Stock shall end and the shares of Performance-Based Restricted Stock shall become vested and freely transferable on the later of May 1, 2013 or the date on which Tidewater’s Form 10-K for the fiscal year ending March 31,
2013 is filed with the SEC, subject to 
 (A) continued employment through the end of the Restricted Period, except for termination as a
result of death or Disability as provided in Section 2.3(d); and 
 (B) the level of achievement of the simple average of the Return on
Capital Employed (“SAROCE”) of each of the four fiscal years included in the Performance Period. The “Performance Period” shall consist of the four fiscal years during the period that begins April 1, 2010 and ends
March 31, 2013. 
 (ii) If the SAROCE is greater than 10% (the weighted average cost of capital in place as of April 1, 2009, as
calculated by Stern Stewart), then at least a portion of the shares of Performance-Based Restricted Stock shall vest as follows: 
  

				
	 SAROCE
	  	% of Shares Vesting	 
	 10% or less
	  	0	%
	 11%
	  	20	%
	 12%
	  	40	%
	 13%
	  	60	%
	 14%
	  	80	%
	 15% or greater
	  	100	%

 The number of shares that vest shall be pro-rated for SAROCE between 10% and 15%. Any shares of Performance-Based
Restricted Stock that do not vest by the end of the Restricted Period are immediately forfeited and canceled. As an example, if the SAROCE is calculated to be 13% over the Performance Period, 60% of the shares of Performance-Based Restricted Stock
would vest, and the remaining 40% would be canceled. 
 (iii) “Return on Capital Employed” (“ROCE”), which is also
referred to as return on total capital, shall be calculated consistent with the Company’s normal calculations of economic value added (“EVA”) for the annual bonus program. ROCE equals net operating profit after taxes
(“NOPAT”) divided by Average Capital Employed. NOPAT equals revenues less operating expenses (including depreciation) and taxes on operating profit. Average Capital Employed equals the average of fixed assets plus working capital.

 (iv) Certain adjustments to NOPAT and Average Capital Employed will be made in determining ROCE. Accordingly, the following items will be
added to or subtracted from NOPAT and Average Capital Employed as reported in the Company’s financial statements in order to determine ROCE and Average Capital Employed for purposes of this Agreement: 
 (A) Cumulative effect of accounting changes; 
  

 4 

 (B) Extraordinary items, as that term is defined in Accounting Principles Board Opinion #30; 

(C) Discontinued operations; 
 (D)
Unusual or infrequently occurring items (less the amount of related income taxes), as that term is used in Accounting Principles Board Opinion #30; and 
 (E) All other items that resulted in adjustments to the EVA calculation for purposes of determining the annual bonuses paid by the Company for the fiscal year ending March 31, 2009 and prior fiscal years.

 (v) Prior to any vesting of Restricted Stock hereunder as a result of SAROCE performance, the Committee shall certify in writing, by
resolution or otherwise, the SAROCE level achieved and the percentage of shares of Restricted Stock vesting. 
 (d) All Restricted
Stock. The Restricted Period shall end and the Restricted Stock will become fully vested and freely transferable by the Employee or his estate upon the death of the Employee or if the Employee becomes Disabled. Termination of employment for any
other reason prior to the end of the Restricted Period shall result in forfeiture of all Restricted Stock. The shares of Restricted Stock shall also become fully vested and the Restricted Period shall end in the event of a Change of Control of
Tidewater as provided in the Plan. 
 III. 
 Book Entry 
 3.1 The Company’s Stock Issuance Records. A book entry in the Company’s
stock issuance records shall reflect the Restricted Stock as registered in the name of the Employee and that during the Restricted Period the transferability of shares of Restricted Stock is restricted in accordance with the terms and conditions
(including conditions of forfeiture) contained in the Plan and this Agreement and that copies of the Plan and Agreement are on file in the office of the Secretary of Tidewater. 
 3.2 Removal of Restrictions. Upon termination of the Restricted Period with respect to all or a portion of the Restricted Stock, Tidewater shall
cause the restrictions on transfer reflected in the book entry with respect to such shares to be removed and upon the Participant’s request, shall cause a stock certificate without a restrictive legend covering the vested Restricted Stock to be
issued in the name of the Employee or his nominee. Upon removal of the restrictive legend from the book entry or upon receipt of a stock certificate without a restrictive legend, the Employee is free to hold or dispose of such shares, subject to
applicable securities laws. 
 IV. 
 Defined Terms 
 The definition of all capitalized terms used herein and not otherwise defined herein shall be as provided in
the Plan. 
  

 5 

 V. 
 Recovery Right of the Company 
 The Company has the right to recover any Options or Restricted Stock
issued under the Plan to the Employee, if (a) the grant, vesting or value of such awards was based on the achievement of financial results that were subsequently the subject of a restatement; (b) the Employee is subject to the
Company’s Executive Compensation Recovery Policy; (c) the Employee engaged in intentional misconduct that caused or partially caused the need for the restatement; and (d) the effect of the restatement was to decrease the financial
results such that such grant would not have been earned or would have had a lesser value. The Employee accepts the Options and the Restricted Stock subject to such recovery rights of the Company and in the event the Company exercises such rights,
the Employee shall promptly return the Options (or the shares acquired upon exercise) and the Restricted Stock to the Company upon demand. If the Employee no longer holds the shares subject to the Options or the Restricted Stock at the time of
demand by the Company, the Employee shall pay to the Company, without interest, all cash, securities or other assets received by the Employee upon the sale or transfer of such shares. The Company may, if it chooses, effect such recovery by
withholding from other amounts due to the Employee by the Company. 
 VI. 
 Withholding Taxes 
 6.1 Options. At any time that the Employee is
required to pay to the Company an amount required to be withheld under applicable income tax laws in connection with the exercise of an Option, the Employee may satisfy this obligation in whole or in part by electing (the “Election”) to
deliver currently owned shares of Common Stock or to have the Company withhold from the distribution shares of Common Stock, in each case having a value equal to the minimum statutory amount required to be withheld. Notwithstanding the terms of the
Plan, the Committee shall not have the right to disapprove of an Election. The value of the shares to be delivered or withheld shall be based on the Fair Market Value of the Common Stock on the date that the amount of tax to be withheld shall be
determined (the “Tax Date”). Each Election must be made prior to the Tax Date. 
 6.2 Restricted Stock. At any time that the
Employee is required to pay to the Company an amount required to be withheld under the applicable income tax laws in connection with the lapse of restrictions on Restricted Stock, unless the Employee has previously provided the Company with payment
of all applicable withholding taxes, the Company shall withhold from the shares of Restricted Stock on which the restrictions are lapsing shares with a value equal to the minimum statutory amount required to be withheld. The value of the shares to
be withheld shall be based on the Fair Market Value of the Common Stock on the Tax Date. 
 VII. 
 No Contract of Employment Intended 
 Nothing in this Agreement shall confer upon the Employee any right to continue in the employment of the Company, or to interfere in any way with the right of the Company to terminate the Employee’s employment relationship with the
Company at any time. 
  

 6 

 VIII. 
 Binding Effect 
 This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective heirs, executors, administrators and successors. 
 IX. 
 Amendment, Modification or Termination 
 The Committee may amend, modify or
terminate any outstanding Option at any time prior to exercise and any Restricted Stock at any time prior to vesting in any manner not inconsistent with the terms of the Plan. If Options or Restricted Stock are intended to qualify as
performance-based compensation under Section 162(m) of the Code, the Committee may not use its discretion to increase the compensation payable to the Employee hereunder in violation of the “performance-based compensation” requirements
of Section 162(m) of the Code. Notwithstanding the foregoing, no amendment, modification or termination may materially impair the rights of an Employee hereunder without the consent of the Employee. 
 X. 
 Inconsistent Provisions 

 The Options and Restricted Stock granted hereby are subject to the provisions of the Plan, as in effect on the date hereof and as it may
be amended. In the event any provision of this Agreement conflicts with such a provision of the Plan, the Plan provision shall control. The Employee acknowledges that a copy of the Plan was distributed to the Employee and that the Employee was
advised to review such Plan prior to entering into this Agreement. The Employee waives the right to claim that the provisions of the Plan are not binding upon the Employee and the Employee’s heirs, executors, administrators, legal
representatives and successors. 
 XI. 
 Governing Law 
 This Agreement shall be governed by and construed in accordance with the laws of the
State of Louisiana. 
 XII. 
 Severability 
 If any term or provision of this Agreement, or the application thereof to any person or circumstance, shall
at any time or to any extent be invalid, illegal or unenforceable in any respect as written, the Employee and Tidewater intend for any court construing this Agreement to modify or limit such provision so as to render it valid and enforceable to the
fullest extent allowed by law. Any such provision that is not susceptible of such reformation shall be ignored so as to not affect any other term or provision hereof, and the remainder of this Agreement, or the application of such term or provision
to persons or circumstances other than those as to which it is held invalid, illegal or unenforceable, shall not be affected thereby and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law.

  

 7 

 XIII. 
 Entire Agreement; Modification 
 The Plan and the Agreement contain the entire agreement between the
parties with respect to the subject matter contained herein. The Agreement may not be modified without the approval of the Committee and the Employee, except as provided in the Plan, as it may be amended from time to time in the manner provided
therein, or in this Agreement, as it may be amended from time to time. Any oral or written agreements, representations, warranties, written inducements, or other communications with respect to the subject matter contained herein made prior to the
execution of the Agreement shall be void and ineffective for all purposes. 
 XIV. 
 Section 83(b) Election 
 The
Employee has reviewed with the Employee’s own tax advisors the federal, state, local and foreign tax consequences of the transactions contemplated by this Agreement. The Employee is relying solely on such advisors and not on any statements or
representations of the Company or any of its agents. The Employee understands that the Employee (and not the Company) shall be responsible for the Employee’s own tax liability that may arise as a result of the transactions contemplated by this
Agreement. The Employee understands that the Employee may elect to be taxed at the time the shares of Restricted Stock are granted by filing an election under Section 83(b) of the Code with the IRS within thirty days from the Date of Grant and
providing a copy to the Company. The Employee acknowledges that it is the Employee’s sole responsibility and not the Company’s to file timely the election under Section 83(b), even if the Employee requests the Company or its
representatives to make this filing on the Employee’s behalf. 
 IN WITNESS WHEREOF the parties hereto have caused this Agreement
to be executed as of the day and year first above written. 
  

	
	TIDEWATER INC.
	
	  

	Dean E. Taylor
	Chairman, President and
	Chief Executive Officer
	
	  

							
		 	  
	 	  
	 	

  

 8

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