Document:

EX-10.19

 Exhibit 10.19 

 
 

 
 August 26, 2004 
 Michael Kirby 
 221 Spring Rd 
 Malvern, PA 19355 
 Dear Michael: 
 Aruba Wireless Networks, Inc. (the “Company”) is pleased to offer you employment on the following terms: 
  

	 	1.	Position. You will start in a full-time position as Vice President, Americas Operations and report to the Company’s Vice President of World Wide Sales, Dave
Butler. By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company. 

 

	 	2.	Cash Compensation. The Company will pay you a base salary at the rate of $150,000 per year. In addition you will be eligible to participate in the FY05 Sales
Incentive Compensation Plan with a total on target earnings of $350,000.00 payable in accordance with the Company’s standard payroll schedule. This salary will be subject to adjustment pursuant to the Company’s employee compensation
policies in effect from time to time. 

  

	 	3.	Employee Benefits. As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits. In addition, you will be
entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time to time. 

  

	 	4.	Stock Options. Subject to the approval of the Company’s Board of Directors, following your commencement of service you will be granted an option to purchase
350,000 shares of the Company’s Common Stock (the “Option”). The exercise price per share will be equal to the fair market value per share on the date the Option is granted or on your first day of service, whichever is later. The
Option will be subject to the terms and conditions applicable to options granted under the Company’s 2002 Stock Plan (the “Plan”), as described in the Plan and the applicable stock option agreement. The Option will be immediately
exercisable, but the unvested portion of the purchased shares will be subject to repurchase by the Company at the exercise price in the event that your service terminates for any reason before you vest in the shares. You will vest in 25% of the
option shares after 12 months of continuous service measured from the start of your service, and the balance will vest in equal monthly installments over the next 36 months of continuous service, as described in the applicable stock option
agreement. 

 Michael Kirby 
 August 26, 2004 
 Page 2 

If the Company is subject to a Change in Control (as defined in the Plan) and you are subject to an Involuntary Termination without cause
within 12 months following such Change in Control, then you will immediately become vested in 50% of any then unvested shares, options and other equity you hold at that time. 
 “Involuntary Termination” means either (a) involuntary discharge by the Company for reasons other than Cause or (b) voluntary resignation following (i) a change in your position
with the Company that materially reduces your level of authority or responsibility, (ii) a reduction in your base salary or (iii) receipt of notice that your principal workplace will be relocated more than 35 miles. 

“Cause” means (a) an unauthorized use or disclosure of the Company’s confidential information or trade secrets,
(b) a material failure to comply with the Company’s written policies or rules, (c) conviction of, or plea of “guilty” or “no contest” to, a felony under the laws of the United States or any state thereof or
(d) gross misconduct. 
  

	 	5.	Proprietary Information and Inventions Agreement. Like all Company employees, you will be required, as a condition of your employment with the Company, to sign
the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A. 

  

	 	6.	Employment Relationship. Employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning
that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to you are superseded by this letter agreement. This is the full and complete
agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your
employment may only be changed in an express written agreement signed by you and the Chief Executive Officer. 

  

	 	7.	Outside Activities. While you render services to the Company, you agree that you will not engage in any other employment, consulting or other business activity
without the prior written consent of the Company. While you render services to the Company, you also will not assist any person or entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or
consultants of the Company. 

  

	 	8.	Withholding Taxes. All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable withholding and payroll taxes
and other deductions required by law. 

  

	 	9.	Entire Agreement. This letter agreement supersedes and replaces any prior agreements, representations or understandings, whether written, oral or implied,
between you and the Company. 

 We hope that you will accept our offer to join the Company. You may indicate your
agreement with these terms and accept this offer by signing and dating both the enclosed duplicate original of this letter agreement and the enclosed Proprietary Information and Inventions Agreement and returning them to me. As required by law, your
employment with the Company is contingent upon your 

 Michael Kirby 
 August 26, 2004 
 Page 3 

providing legal proof of your identity and authorization to work in the United States. We look forward to having you
join us on or before August 30th, 2004. Welcome!

 Very truly yours, 
  

			
		
		 	 /s/ Don LeBeau

	By:	 	Don LeBeau
	Title:	 	Chief Executive Officer

 I have read and accept this employment offer: 

 

	
	
	/s/ Michael Kirby
	Signature of Michael Kirby                     Dated

 Attachment 
 Exhibit A: Proprietary Information and Inventions Agreement 
 Exhibit B: New Employee GuidelinesForm of Deferred Stock Award Agreement

 Exhibit 10.1 
 G-III APPAREL GROUP, LTD. 
 2005 STOCK INCENTIVE PLAN 

DEFERRED STOCK AWARD AGREEMENT 
 AGREEMENT, made as of the 5th day of October, 2012, between G-III APPAREL GROUP, LTD. (the “Company”) and
                                         (the
“Grantee”), pursuant to the G-III Apparel Group, Ltd. 2005 Stock Incentive Plan (the “Plan”). 
 1.
Deferred Stock Award. The Company hereby grants to the Grantee a deferred stock award under the Plan, consisting of the right to receive                  shares
of the Company’s common stock (“Shares”) upon the terms and conditions set forth in this Agreement. 
 2.
Vesting Conditions. Except as otherwise provided by this Agreement and the Plan, the Grantee’s right to receive the Shares covered by this Agreement shall become vested at the rate of 25% on October 5, 2014, 25% on October 5,
2015, 25% on October 5, 2016, and 25% on October 5, 2017, subject to the Grantee’s continuous employment or other service with the Company through the applicable vesting date; provided, however, the Grantee shall have no right to
receive any Shares unless both of the following performance objectives shall have been attained: (a) during any period of twenty consecutive trading days beginning subsequent to the date hereof and ending on October 5, 2017, the average
closing price per share of the Company’s common stock on the national exchange on which such stock is traded is at least $42.78; and (b) for any of the next five fiscal years of the Company (beginning with the fiscal year ending
January 31, 2013), the amount of the Company’s after tax earnings, adjusted for acquisition costs, exceeds $53,000,000. For the avoidance of doubt, the time-based vesting percentages will be cumulative prior to the attainment of both
performance conditions, such that, if the performance conditions are attained and the Grantee is then still in the continuous employ or service of the Company, then, upon the 

  
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attainment of both performance conditions, the Grantee’s vested percentage in the Shares covered by the award will be equal to the vested percentage that would have been earned as of the
date the performance conditions are attained if vesting had been determined as of that date solely in accordance with the above time-based vesting schedule. 
 3. Capital Changes. In the event of a stock dividend, stock split, spin off or other recapitalization with respect to the outstanding shares of the Company’s common stock, the Company will
make such adjustments to the number of Shares covered by this Agreement and the targeted stock price as it deems equitable under the circumstances. 
 4. Termination of Employment or Service. Upon the termination of the Grantee’s employment or other service with the Company, the Grantee’s right to receive Shares covered by this
Agreement, to the extent not previously vested, will thereupon terminate and be canceled. 
 5. Issuance of Shares; Rights as
a Shareholder. 
 (a) General. If and as soon as practicable after the Grantee’s right to receive any Shares
becomes vested in accordance with the provisions hereof, the Company will cause such Shares to be issued and delivered in certificated or electronic form to the Grantee, subject to the satisfaction of applicable tax withholding requirements.

 (b) Tax Withholding. The Company shall require as a condition of the issuance of vested Shares under this Agreement
that the Grantee remit to the Company an amount sufficient in the opinion of the Company to satisfy any federal, state and other governmental tax withholding requirements attributable to the vesting or issuance and delivery of the Shares. In
addition, or in the alternative, the Company may satisfy such tax withholding obligation (to the minimum required extent) in whole or in part by withholding Shares that would otherwise be delivered to the Grantee based upon the fair market value of
the Shares on the applicable date. 

  
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 (c) Rights as a Shareholder. The Grantee shall have no voting or other rights of a
shareholder with respect to the Shares unless and until such Shares are issued to the Grantee in accordance with the provisions hereof. 
 6. Restrictions on Transfer. The Grantee’s right to receive Shares under this Agreement may not be sold, assigned, transferred, pledged or otherwise alienated or disposed of (except by will or
the laws of descent and distribution), and may not become subject to attachment, garnishment, execution or other legal or equitable process, and any attempt to do so shall be null and void. 

7. No Other Rights Conferred. Nothing contained herein shall be deemed to give the Grantee a right to be retained in the employ of
the Company or any affiliate or affect the right of the Company and its affiliates to terminate or amend the terms and conditions of the Grantee’s employment. 
 8. Provisions of the Plan Control. The provisions of the Plan, the terms of which are incorporated in this Agreement, shall govern if and to the extent that there are inconsistencies between those
provisions and the provisions hereof. 
 9. Successors. This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and permitted assigns. This Agreement, constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified except by written instrument
executed by the parties. 
 10. Governing Law. This Agreement shall be governed by the laws of the State of Delaware,
without regard to its principles of conflict of laws. 
 11. Counterparts. This Agreement may be executed in separate
counterparts, each of which will be an original and all of which taken together shall constitute one and the same agreement. 

  
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	G-III APPAREL GROUP, LTD.
		
	By:	 	  

 
			
	
	  

	Grantee	 	

  
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