Document:

EX-10.1

 Exhibit 10.1 

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

(Roger S. Markfield) 
 THIS
AGREEMENT is by and between American Eagle Outfitters, Inc. (“Company”) and Roger S. Markfield (“Executive”), is dated as of July 23, 2014, and is effective as of the “Effective Date” (as defined below). It supersedes
and replaces all prior employment agreements between the Company and Executive. 
 Executive has served the Company in various roles since
1993 and Executive desires to continue to provide services to Company as provided in this Agreement. Company agrees to continue to employ Executive in the position of Vice-Chairman and Executive Creative Director; and Executive hereby accepts this
offer of continued employment and agrees to serve Company subject to the general supervision, advice and direction of Company’s Board of Directors (“Board”) and Chairman of the Board (“Chairman”), and upon the following
terms and conditions: 
 1. TERM. Executive will be employed on a full time basis for the period commencing on February 2, 2014
(the “Effective Date”) and ending on February 1, 2016, unless sooner terminated as provided herein (the “Active Term”); and this Agreement shall continue after the Active Term on the terms set forth in Section 3.10.

 2. POSITION AND DUTIES. During the Active Term, Executive shall be employed on a full time basis as Company’s
Vice-Chairman and Executive Creative Director, with such authority and duties as are customary for this position, and shall perform such other services and duties as the Chairman and Board may from time to time designate. 

2.1. During the Active Term, Executive agrees to devote his full business time, best efforts, and undivided attention to the business and
affairs of Company, except for any vacations, illness, or disability. During the Active Term, Executive shall not engage in any other businesses that would interfere with his duties, provided that nothing contained herein is intended to limit
Executive’s right to make passive investments in the securities of publicly-owned companies or other businesses which will not interfere or conflict with his duties hereunder or, with the prior consent of the Board, to sit on the boards of
other businesses. 
 2.2. Executive agrees that he shall at all times observe and be bound by all rules, policies, practices, and
resolutions heretofore or hereafter adopted in writing by the Company which are generally applicable and provided to Company’s officers and employees and which do not otherwise conflict with this Agreement. 

2.3. Company shall indemnify Executive in the performance of his duties and responsibilities and advance expenses in connection therewith to
the same extent as other senior executives and officers. Such rights shall not be subject to arbitration under Section 6.1. 
 3.
COMPENSATION. 
 3.1. Base Salary. During the Active Term, Company shall continue to pay Executive an annual base salary
of $1,188,000 as compensation for his services hereunder, payable in equal installments in accordance with Company’s payroll practices for executive employees. During the Active Term Company’s Board may increase, but not decrease,
Executive’s base salary at their discretion. 

 3.2. Cash Bonuses. Annual Incentive Bonus. During the Active Term, Executive will
be eligible to receive an annual incentive bonus targeted at 150% of his base salary with potential to receive up to 300% of base salary as a ‘maximum’ bonus, under the Company’s Annual Cash Incentive Plan, or any successor plan (the
“Bonus Plan”). The Bonus Plan conditions the payment of this annual performance bonus based on achievement of pre-determined performance goals set forth in writing and based on objective measurements all established by the Board’s
Compensation Committee (the “Committee”). The Committee must verify that the performance goals and other material terms are met prior to payment. It is the parties’ intention that the Bonus Plan be adopted and administered in a manner
that enables Company to deduct for federal income tax purposes the amount of any annual incentive bonus. The incentive bonus determined to be due for a performance period, if any, will be paid within 75 calendar days after the close of the
performance period upon certification by the Committee that the performance goals have been met, and also, in the case of fiscal year goals, after completion of an outside audit by Company’s then current outside audit firm. 

3.3. Equity Awards. 

3.3.1. Fiscal 2014 Awards. On March 5, 2014, Executive was granted an award of time-based Restricted Stock Units
(“RSUs”) and two Long-Term Performance Restricted Stock Unit awards (each, an “LTPRSU”) pursuant to and subject to all terms and conditions set forth in the 2005 Stock Award and Incentive Plan, as it may be amended from time to
time, and award agreements issued thereunder. 
 3.3.2. Fiscal 2015 Awards. For fiscal 2015, the Executive shall be eligible for
equity award grants in an amount equal to $7.3 million in the same form of awards (i.e., RSUs, PRSUs with a one-year performance period and PRSUs with a three-year performance period) with the same relative amounts as the fiscal 2014 awards, with
the number of shares subject to each such award based on the closing price of the Company’s common stock on the grant date, all as determined by the Committee. 

3.4. Vacation. During the Active Term of this Agreement, Executive shall be entitled to vacation commensurate with other senior
executives. The dates of said vacations shall be mutually agreed upon by Company’s Chairman and Executive. 
 3.5. Business
Expenses. Company shall pay, advance or reimburse Executive for all normal and reasonable business-related expenses, including travel expenses, incurred in the performance of his duties during the Active Term on the same basis as paid to other
senior executives. Company shall furnish Executive with company credit cards provided to other senior executives for use solely in the performance of his duties. Company will also pay for legal expenses, for purposes of assistance with this
Agreement, up to $15,000 as a one-time expense. The amount of expenses eligible for reimbursement during a taxable year of Executive shall not affect the expenses eligible for reimbursement in any other taxable year. 

  
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 3.6. Taxes. The compensation provided to Executive hereunder shall be subject to any
withholdings and deductions required by any applicable tax laws. 
 3.7. Benefit Plans. Executive is entitled to participate in any
deferred compensation or other employee welfare benefit plans, including the profit sharing and 401(k) plan; group life, health, hospitalization and disability insurance plans; discount privileges; and other employee welfare benefits made available
generally to, and under the same terms as, Company’s executives. During the Active Term, Company will provide Executive with a single luxury automobile for both business and personal use. Any amount included in Executive’s W-2 wages relative to such automobile shall not be grossed up for tax purposes. 
 3.8. Extension
Amount Under Prior Agreement. 
 3.8.1. Executive has heretofore earned the right to receive from the Company payment in the sum of
$6,000,000 (the “Extension Amount”) payable in four equal installments on February 1, 2014 and each anniversary thereof through February 1, 2017 (each installment, an “Extension Installment”). The parties acknowledge
that the February 2014 Extension Installment has been paid by Company and received by Executive. Company agrees that Executive’s right to receive the unpaid portion of the Extension Amount is fully vested and is not subject to forfeiture in the
event of Executive’s termination for cause, a “change in control” or for any other reason. The parties agree that all or a portion of the February 2015 Extension Installment (the “ 2015 Extension Installment”) may be subject
to deferral as set forth in Section 3.9. 
 3.8.2. Notwithstanding the foregoing, if there is at any time a “change in
control” as that term is defined in the Company 2014 Stock Award and Incentive Plan (the “2014 Stock Plan”) which also qualifies as a payment event under Treasury Reg. Section 1.409A-3(a)(5), the Company shall thereupon pay
Executive any unpaid Extension Installment, in full, within 10 days of the change in control. 
 3.9. Deferral Under Section 409A of
the Internal Revenue Code. 
 3.9.1. The Executive agrees that if he is employed hereunder on January 1, 2015, the Company may
delay all or a portion of the 2015 Extension Installment in accordance with Treasury Reg. Section 1.409A-2(b)(7) to the extent that the Company reasonably anticipates that payment thereof on February 1, 2015 would result in a loss of a
deduction to the Company under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). To the extent payment of the 2015 Extension Installment is delayed, such Installment shall be credited to a deferred
compensation bookkeeping account established by the Company on its books for the benefit of the Executive (a “Deferred Compensation Account”) as of February 1, 2015. Interest shall be credited to the balance in the Deferred
Compensation Account at a rate of 4% (compounded annually) for the 2015 Extension Installment from February 1, 2015. 
 3.9.2.
Executive agrees to defer a portion of the Base Salary otherwise payable in 2015 in an amount equal to $188,000 in accordance with the terms of the Company’s Deferred Compensation Plan and any such deferred amount shall be payable in accordance
with the terms of such plan. 
 3.9.3. Not later than each December 15 during the Active Term, the Company shall advise the Executive
if any further deferral of compensation due to be paid hereunder in the current or following year shall be necessary pursuant to Treasury Reg. Section 

  
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1.409A-2(b)(7)(i) so that no payments to the Executive hereunder are reasonably anticipated by the Company to result in a loss of a deduction to the Company under Section 162(m) of the Code
if paid in accordance hereunder. Executive agrees to take any action which may be required in order to implement such further deferrals in a timely manner as determined by the Company. 

3.9.4 Subject to Section 7.11, the balance in the Deferred Compensation Account shall be paid upon Executive’s termination of
employment in accordance with the applicable subsection of Article 5. 
 3.10. Consulting Agreement. 

3.10.1. Upon termination of the Active Term for any reason as described in Article 5 other than by the Company for cause or due to death of
the Executive, the Executive shall provide consulting services from the date immediately following termination of the Active Term for the remainder of the Executive’s life unless such obligation is terminated sooner by (i) the Executive by
giving not less than 90 days written notice to the Company or (ii) the Company for cause in accordance with Section 5.5 (the term of such consulting obligation, the “Consulting Period”). The Company agrees to pay Executive the
sum of $500,000 per annum during the Consulting Period payable in monthly installments (the “Consulting Fee”); provided, however, that the Consulting Fee shall be reduced based on the proportionate number of months served during the
24-month Active Term, if and only if, the Executive resigns his employment during the period from February 1, 2015 prior to January 31, 2016. For example purposes only, if Executive were to resign effective August 1, 2015, he would have been
employed for three-fourths of the Active Term, and his Consulting Fee would be three-fourths of $500,000, thus $375,000 per annum. 

3.10.2. During the Consulting Period, the Executive shall (i) provide general consulting services to the Company, including assistance
in the transition to a new chief merchandising officer, completion of any pending projects, handoff of third party relationships, strategic planning, and provision of such other advice, expertise or knowledge with respect to his duties as executive
creative director of the Company as may be reasonably requested by the Board or the Chairman from time to time (including, without limitation, attending in-person meetings with the new chief merchandising officer or such other persons as the
Chairman may designate), (ii) provide assistance to the Company and its advisors in connection with any audit, investigation or administrative, regulatory or judicial proceeding involving matters within the scope of his duties and
responsibilities to the Company during his employment with the Company, or as to which he otherwise has knowledge (including being available to the Company upon reasonable notice for interviews and factual investigations, and appearing at the
Company’s reasonable request to give testimony without requiring service of a subpoena or other legal process), and (iii) make himself reasonably available to consult on specific projects for the Company, as may be reasonably requested
from time to time by the Board or the Chairman (collectively, the “Consulting Services”). Such Consulting Services shall be performed at such times and places as are mutually agreed upon by the Executive and the Company. Notwithstanding
the above, the time spent providing the above services by the Executive during the Consulting Period shall not exceed 20 percent of the average level of services performed by the Executive for the Company during the 36 consecutive monthly period
ending on the last day of the Active Term. 
 3.10.3. The Company shall reimburse the Executive for (i) reasonable out-of-pocket
expenses (including meals and first-class travel and lodging ) incurred by the 

  
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Executive in connection with the Consulting Services, and (ii) without limiting the preceding clause (i), the Company shall provide to Executive, or reimburse the Executive for the cost of,
a personal assistant for not more than 10 hours per week during the Consulting Period, in each case subject to reasonable documentation and compliance with the Company’s standard expense reimbursement policy. 

3.10.4. The Executive acknowledges and agrees that, during the Consulting Period, the Executive’s status at all times shall be that of
an independent contractor and not an employee, and that the Executive may not, at any time, act as a representative for or on behalf of the Company for any purpose or transaction, and may not bind or otherwise obligate the Company in any manner
whatsoever without obtaining the prior written approval of the Company therefor. The Company and the Executive hereby acknowledge and agree that all Consulting Fees shall represent fees for services as an independent contractor, and shall therefore
be paid without any deductions or withholdings taken therefrom for taxes or for any other purpose and shall not be subject to deferral under Section 3.9 above. The Executive further acknowledges that the Company makes no warranties as to any tax
consequences regarding payment of such fees, and specifically agrees that the determination of any tax liability or other consequences of any payment made hereunder is the Executive’s sole and complete responsibility and that the Executive will
pay all taxes, if any, assessed on such payments under the applicable laws of any Federal, state, local or other jurisdiction and, to the extent not so paid, will indemnify the Company for any taxes so assessed against the Company. Except as set
forth in Section 5.7, the Executive also agrees that during the Consulting Period, the Executive shall not be eligible to participate in any of the employee benefit plans or arrangements of the Company. 

4. EXECUTIVE’S OBLIGATIONS. 

4.1. Confidential Information. Executive agrees that during and after his employment, any “confidential information” as
defined below shall be held in confidence and treated as proprietary to Company. Executive agrees not to use or disclose any confidential information except to promote and advance the business interests of Company. Executive agrees that upon his
separation from employment, for any reason whatsoever, he shall not take or copy, and shall immediately return to Company, any documents that constitute or contain confidential information. “Confidential information” includes, but is not
limited to, any confidential data, figures, projections, estimates, pricing data, customer lists, buying manuals or procedures, distribution manuals or procedures, other policy and procedure manuals or handbooks, supplier information, tax records,
personnel histories and records, company phone directories, lists of associates, organizational charts, information regarding sales, information regarding properties, product designs, design processes, manufacturing processes, information regarding
manufacturers and suppliers and any other confidential information regarding the business, operations, properties or personnel of Company which are disclosed to or learned by Executive as a result of his employment, but shall not include his
personal personnel records. Confidential information shall not include any information that (i) Executive had in his possession prior to his first performing services for Company; (ii) becomes a matter of public knowledge thereafter
through sources independent of Executive; (iii) is disclosed by Company without restriction on its use; or (iv) is required to be disclosed by law or governmental order or regulation. 

  
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 4.2. Non-Solicitation. 

4.2.1. Employees. Executive agrees that during his employment, and during the Consulting Period, and for two years following the end
of the Consulting Period in accordance with Section 3.10.1, he shall not, directly or indirectly, solicit Company’s employees to leave their employment; he shall not employ or seek to employ them; and, he shall not cause or induce any of
Company’s competitors to solicit or employ Company’s employees. 
 4.2.2. Third Parties. Executive agrees that during his
employment, and during the Consulting Period, and for two years following the end of the Consulting Period in accordance with Section 3.10.1, he shall not, either directly or indirectly, recruit, solicit or otherwise induce or influence any
customer, supplier, sales representative, lender, lessor or any other person having a business relationship with Company to discontinue or reduce the extent of such relationship except in the course of his duties pursuant to this Agreement and with
the good faith objective of advancing Company’s business interests. 
 4.3. Noncompetition. Executive agrees that during his
employment, and during the Consulting Period, and for two years following the end of the Consulting Period in accordance with Section 3.10.1, he shall not, either directly or indirectly, accept employment with, act as a consultant to, or otherwise
perform the same services (which shall be determined regardless of job title) for any business that directly competes with Company’s business, which is understood to be the design, manufacture and retail sale (including Internet sales) of mens
or womens specialty clothing, accessories, shoes, and related items regardless of whether such items are now included in Company’s merchandise mix. 

4.4. Cooperation. 

4.4.1. With Company. Executive agrees to cooperate with Company during the course of all third-party proceedings arising out of
Company’s business about which Executive has knowledge or information. Such proceedings may include, but are not limited to, internal investigations, administrative investigations or proceedings, and lawsuits (including pre-trial discovery).
For purposes of this section, cooperation includes, but is not limited to, Executive’s making himself available for interviews, meetings, depositions, hearings, and/or trials without the need for subpoena or assurances by Company, providing any
and all documents in his possession that relate to the proceeding, and providing assistance in locating any and all relevant notes and/or documents. 

4.4.2. With Third Parties. Executive agrees to communicate with, or give statements to, third parties relating to any matter about
which Executive has knowledge or information as a result of his employment only to the extent that it is Executive’s good faith belief that such communication or statement is in Company’s business interests; provided, however, the forgoing
shall not restrict or prevent Executive from providing information to governmental or regulatory authorities as required by law. 
 4.4.3.
With Media. Executive agrees to communicate with, or give statements to, any member of the media (print, television or radio) relating to any matter about which Executive has knowledge or information as a result of his employment only to the
extent that it is Executive’s good faith belief that such communication or statement is in Company’s business interests and, to the extent practical, as approved in advance by the Chairman. 

  
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 4.5. Remedies. Executive agrees that any disputes under Section 4 shall not be
subject to arbitration. If Executive breaches this section, the damage will be substantial, although difficult to quantify, and money damages may not afford Company an adequate remedy; therefore, if Employee breaches or threatens to breach this
section, Company shall be entitled, in addition to other rights and remedies, to specific performance, injunctive relief and other equitable relief to prevent or restrain such conduct. 

5. TERMINATION AND RELATED BENEFITS. 

5.1. Death. This Agreement shall terminate automatically upon Executive’s death. Upon such termination, Company shall pay
Executive’s estate as follows: (a) base salary earned but unpaid as of termination, payable within 30 days; (b) any annual cash incentive bonus for the year in which the termination occurred, prorated based on the number of days of
Executive’s full time employment during the fiscal year to the extent the performance goals applicable to such bonus are met for such year, even though Executive was not employed for the entire fiscal year, payable in accordance with Company
policy for such incentive bonus; (c) any unvested, non-performance based restricted stock unit awards, which shall vest in accordance with their terms, and any vested restricted stock unit awards, all of which shall become payable within 30
days; (d) any unvested, non-performance based stock options, which shall automatically vest and be exercisable until the earlier of (i) the expiration date set forth in the stock option award agreement or (ii) one year after the
Executive’s death; and (e) unvested, performance-based, restricted stock unit awards and stock options shall continue to vest and be earned and exercisable in accordance with the plan under which they were granted. All vested stock options
at the time of termination shall be exercisable until the earlier of (i) the expiration date set forth in the stock option award agreement or (ii) one year after the Executive’s death. Within 60 days, the Company shall also pay the
Executive’s estate the balance in the Deferred Compensation Account and any Extension Installments not paid or deferred under Section 3.8 or 3.9. 

5.2. Permanent Disability. The Active Term shall terminate upon Executive’s permanent disability after written notice by Company
to Executive, at which time the Consulting Period shall commence. For the purposes of this Agreement, “permanent disability” shall mean that Executive fails to perform his duties on a full-time basis for a period of more than 90 calendar
days during any 12-month period, due to a physical or mental disability or infirmity. Upon termination due to permanent disability, the Company shall pay Executive as follows: (a) base salary earned but unpaid as of termination, payable within
30 days; (b) any annual cash incentive bonus for the year in which the termination occurred, prorated based on the number of days of Executive’s full time employment during the fiscal year to the extent the performance goals applicable to
such bonus are met for such year, even though Executive was not employed for the entire fiscal year, payable in accordance with Company policy for such incentive bonus; (c) any unvested, non-performance based restricted stock unit awards, which
shall vest in accordance with their terms, and any vested restricted stock unit awards, all of which shall become payable within 30 days; (d) any unvested, non-performance based stock options, which shall automatically vest and be exercisable
until the earlier of (i) the expiration date set forth in the stock option award 

  
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agreement or (ii) one year after the Executive’s termination due to permanent disability; (e) unvested, performance-based, restricted stock unit awards and stock options shall
continue to vest and be earned and exercisable in accordance with the plan under which they were granted; (f) subject to Section 7.11, the balance in the Deferred Compensation Account payable within 60 days: and (g) any Extension
Installments not yet paid or deferred under Section 3.8 or 3.9 as scheduled to be paid under Section 3.8. All vested stock options at the time of termination shall be exercisable until the earlier of (i) the expiration date set forth
in the stock option award agreement or (ii) one year after the Executive’s termination due to permanent disability. 
 5.3.
Completion of Active Term. Upon completion of the Active Term by Executive through February 1, 2016, the Consulting Period shall commence, and Company shall pay Executive as follows: (a) base salary earned but unpaid as of
completion, payable within 30 days; (b) any annual cash incentive bonus for the 2015 fiscal year, to the extent the performance goals applicable to such bonus are met for such year, payable in accordance with Company policy for such incentive
bonus; (c) any unvested restricted stock unit awards and any unvested stock options shall continue to vest and be earned and exercisable in accordance with the plan under which they were granted; (d) any vested restricted stock unit awards
and any vested stock options shall be awarded and exercisable in accordance with the plan under which they were granted; (e) subject to Section 7.11, the balance in the Deferred Compensation Account payable within 60 days; and (f) any
Extension Installments not yet paid or deferred under Section 3.8 or Section 3.9 as scheduled to be paid under Section 3.8. 

5.4. Termination By Company Without Cause. Company shall have the right to terminate the Active Term, for any reason upon 30 days’
written notice to Executive. Company may, in its sole discretion, require Executive to cease active employment immediately. Upon termination by Company without cause, the Consulting Period shall commence, and Company shall pay Executive:
(a) base salary earned but unpaid as of termination, payable within 30 days; (b) any annual cash incentive bonus for the applicable fiscal year in which the termination occurred, to the extent the performance goals applicable to such bonus
are met without proration for the 2014 fiscal year, even though Executive was not employed for the entire fiscal year, or a prorated portion of such bonus for the 2015 fiscal year based on the number of days of Executive’s full time employment
during the 2015 fiscal year, payable in accordance with Company policy for such incentive bonus; (c) any unvested, non-performance based restricted stock unit awards, which shall vest in accordance with their terms, and any vested restricted
stock unit awards, all of which shall become payable within 30 days; (d) any unvested, non-performance based stock options, which shall automatically vest and be exercisable until the earlier of (i) the expiration date set forth in the
stock option award agreement or (ii) one year after the Executive’s termination; (e) unvested, performance-based, restricted stock unit awards and stock options shall continue to vest and be earned and exercisable in accordance with
the plan under which they were granted; (f) subject to Section 7.11, the balance in the Deferred Compensation Account payable within 60 days; and (g) any Extension Installments not yet paid or deferred under Section 3.8 or
3.9 as scheduled to be paid under Section 3.8. All vested stock options at the time of termination shall be exercisable until the earlier of (i) the expiration date set forth in the stock option award agreement or (ii) one year after
the Executive’s termination. 

  
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 5.5. Termination by Company For Cause. Company may terminate this Agreement at any time if
it has “cause” to do so; provided, however, that during the Consulting Period, Company may not terminate this Agreement pursuant to subsection (ii) below if Executive is disabled as described in Section 5.2 above. For purposes of this
section, the term “cause” means the following: 
 (i) willful violation of laws and regulations governing Company;

 (ii) willful failure to substantially comply with any material terms of this Agreement, provided Company shall make a
written demand for substantial compliance setting forth the specific reason(s) for same and Executive shall have 60 days to cure, if possible; 

(iii) willful breach of fiduciary duties; 

(iv) willful damage, willful misrepresentation, willful dishonesty, or other willful conduct which Company determines has had
or is likely to have a material adverse effect upon Company’s operations, assets, reputation or financial conditions; or 

(v) willful breach of any stated material employment policy of Company. 

Failure to meet performance targets and measures shall not constitute “cause” as that term is used herein. Executive may have an opportunity to be
heard by the Board prior to a termination for cause. For purposes of this section, Executive’s acts or omissions shall be considered “willful” if done without a good faith, reasonable belief that such act or omission was in
Company’s best interest. Upon termination of this Agreement by Company for cause, Company shall pay Executive: (a) base salary earned but unpaid as of termination, payable within 30 days; (b) subject to Section 7.11, the balance
in the Deferred Compensation Account payable within 60 days; and (c) any Extension Installment not yet paid or deferred under Section 3.8 or 3.9 as scheduled to be paid under Section 3.8. All other rights or benefits that have
vested, including any declared but unpaid annual incentive cash bonus shall be forfeited in their entirety as will all unvested equity awards. 

5.6. Termination by the Executive. Executive may terminate the Active Term on or after February 1, 2015 by giving not less than 60
days prior written notice to the Company with such notice to be given no earlier than December 1, 2014. Upon such termination, the Consulting Period shall commence, and Company shall pay to Executive: (a) base salary earned but unpaid as
of termination, payable within 30 days; (b) any unpaid annual cash incentive bonus for the 2014 fiscal year if the termination occurs in the 2015 fiscal year, to the extent the performance goals applicable to such bonus are met for the 2014
fiscal year, payable in accordance with Company policy for such incentive bonus; (c) any unvested restricted stock unit awards and any unvested stock options shall continue to vest and be earned and exercisable in accordance with the plan under
which they were granted; (d) any vested restricted stock unit awards and any vested stock options shall be awarded and exercisable in accordance with the plan under which they were granted; (e) subject to Section 7.11, the balance in
the Deferred Compensation Account payable within 60 days; and (f) each Extension Installment not yet paid or deferred under Section 3.8 or 3.9 as scheduled to be paid thereunder. 

  
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 5.7. Retirement Health Insurance. Upon termination of Executive’s employment with
Company for any reason, Company shall make available to Executive for Executive and his eligible dependents for his lifetime retirement health insurance made available generally to, and under the same terms as the Company’s other former
executives which the Company reserves the right to uniformly discontinue with respect to all former executives. Executive will pay all associated premiums for coverage. 

5.8. Treatment of Outstanding Equity Awards. Notwithstanding anything contained in Sections 5.1 through 5.6 hereof to the contrary, the
treatment of any outstanding equity awards granted to the Executive prior to the date of execution of this Agreement in connection with a termination of employment for any reason shall be governed by the terms and conditions of the applicable equity
plan and the grant agreements reflecting such awards, to the extent such treatment is inconsistent with Sections 5.1 through 5.6 hereof. 

6. DISPUTE RESOLUTION. 

6.1. Arbitration. Except as provided in Section 2.3 and in Section 4.5, the parties agree that arbitration shall be the sole
and exclusive remedy to redress any dispute, claim or controversy involving the interpretation of this Agreement or the terms, conditions or termination of this Agreement or the terms, conditions or termination of Executive’s employment with
Company. The parties intend that any arbitration award shall be final and binding and that a judgment on the award may be entered in any court of competent jurisdiction and enforcement may be had according to its terms. This Section shall survive
the termination or expiration of this Agreement. 
 6.1.1. Arbitration shall be held in Pittsburgh, PA, and shall be conducted by a retired
federal judge or other qualified arbitrator mutually agreed upon by the parties in accordance with the Voluntary Arbitration Rules of the American Arbitration Association then in effect. The parties shall have the right to conduct discovery pursuant
the Federal Rules of Civil Procedure; provided, however, that the Arbitrator shall have the authority to establish an expedited discovery schedule and cutoff and to resolve any discovery disputes. The Arbitrator shall not have jurisdiction or
authority to change any provision of this Agreement by alterations of, additions to or subtractions from the terms hereof. The Arbitrator’s sole authority in this regard shall be to interpret or apply any provision(s) of this Agreement. The
Arbitrator shall be limited to awarding compensatory damages, including unpaid wages or benefits, but shall have no authority to award punitive, exemplary or similar-type damages. 

6.1.2. Any claim or controversy not sought to be submitted to arbitration, in writing, within 180 days of when it arose shall be deemed
waived and the moving party shall have no further right to seek arbitration or recovery with respect to such claim or controversy. 

6.1.3. The arbitrator shall be entitled to award expenses, including the costs of the proceeding, and reasonable counsel fees. 

6.1.4. The parties hereby acknowledge that since arbitration is the exclusive remedy (other than as provided in Section 2.3 and
Section 4.5), neither party has the 

  
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right to resort to any federal, state or local court or administrative agency concerning breaches of this Agreement, except as otherwise provided in Section 2.3 or Section 4.5, and that
the decision of the arbitrator shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court before any administrative agency with respect to any arbitrable claim or controversy. 

6.2. Consent to Jurisdiction. To the extent that any court action is permitted consistent with or to enforce Sections 2.3 or 4.5 of
this Agreement, the parties hereby consent to the jurisdiction of the appropriate state or federal court located in Pittsburgh, Pennsylvania. Accordingly, with respect to any such court action, the parties hereto (a) submit to the personal
jurisdiction of such courts; (b) consent to service of process at the address determined pursuant to the provisions of Section 7.8 hereof; and (c) waive any other requirement (whether imposed by statute, rule of court, or otherwise)
with respect to personal jurisdiction or service of process. 
 7. GENERAL PROVISIONS. 

7.1. The parties agree that the covenants and promises set forth in Sections 4, 5 and 6 shall survive the termination of this Agreement and
continue in full force and effect. 
 7.2. Except as otherwise provided in Section 6.1.2 above, failure to insist upon strict
compliance with any term hereof shall not be considered a waiver of any such term. 
 7.3. This Agreement along with any other document or
policy or practice referenced herein (which are collectively referred to as “Agreement” herein), contain the entire agreement of the parties regarding Executive’s employment and supersede any prior written or oral agreements or
understandings relating to the same, including without limitation any version of this Agreement dated prior to the date hereof. No modification or amendment of this Agreement shall be valid unless in writing and signed by or on behalf of both
parties. 
 7.4. If Executive’s full-time employment terminates, for any reason whatsoever, he shall immediately tender to the Board
his written resignation from the Board, which resignation the Board may or may not accept. 
 7.5. Once signed by both parties, this
Agreement shall be binding upon and shall inure to the benefit of the heirs, successors, and assigns of the parties. 
 7.6. This Agreement
is intended to be performed in accordance with, and only to the extent permitted by, all applicable laws, ordinances, rules and regulations. If any provisions of this Agreement, or the application thereof to any person or circumstance, shall, for
any reason and to any extent, be held invalid or unenforceable, such invalidity and unenforceability shall not affect the remaining provisions hereof and the application of such provisions to other persons or circumstances, all of which shall be
enforced to the greatest extent permitted by law. 
 7.7. The validity, construction, and interpretation of this Agreement and the rights
and duties of the parties hereto shall be governed by the laws of the State of Pennsylvania, without reference to the Pennsylvania choice of law rules. 

  
 -11- 

 7.8. Any written notice required or permitted hereunder shall be mailed, certified mail (return
receipt requested) or hand-delivered, addressed to Company’s Chairman at Company’s then principal office, or to Executive at the most recent home address on his paycheck. Notices are effective upon receipt. 

7.9. The rights of Executive under this Agreement shall be solely those of an unsecured general creditor of Company. 

7.10. The headings in this Agreement are inserted for convenience of reference only and shall not be a part of or control or affect the
meaning of any provision hereof. 
 7.11. Notwithstanding anything in this Agreement to the contrary, if, when Executive’s employment
with Company terminates, Company believes that any payments under this Agreement otherwise would result in additional tax or interest to Executive under Section 409A of the Code and the guidance promulgated thereunder (“Code
Section 409A”), Company may suspend such payments due within the first six months after the termination date if Company reasonably believes that such suspension will cause such addition tax or interest to not apply. If Company suspends any
payments, it will aggregate and pay these amounts to Executive on the earliest of (a) the date that is six months and one day after the termination date, (b) the date of the Executive’s death, or (c) any earlier date that does
not result in such additional tax or interest under Code Section 409A. To the extent that any provisions of this Agreement do not comply with Code Section 409A which would cause Executive to incur any additional tax or interest under Code
Section 409A, such terms of the Agreement shall be deemed to be modified, to the extent reasonably possible to do so, and applied in a manner to be consistent with Code Section 409A. In addition, any compensation deferred under the
Company’s Deferred Compensation Plan, this Agreement or any other plan, policy or arrangement of Company shall be paid to Executive in accordance with the terms and conditions of the applicable arrangement following the date of his termination
of employment for any reason in accordance with Executive’s payment elections on file. 

  
 -12- 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement consisting of 13
pages. 
  

			
	ROGER S. MARKFIELD
	
	 /s/ Roger S. Markfield

	
	AMERICAN EAGLE OUTFITTERS, INC.
		
	By:	 	 /s/ Mary M. Boland

		 	Name: Mary M. Boland
		 	 Title: Executive Vice President, Chief Financial

          and Administrative Officer

  
 -13-EX 102

		

			Form of Award – RSU 

		

		

			(Performance-based Vesting)

		

		

			 

		

		
			LIFEPOINT HOSPITALS, INC.
		

		
			2013 LONG-TERM INCENTIVE PLAN
		

		
			RESTRICTED STOCK UNIT AGREEMENT
		

		
			 
		

		
			FOR
		

		
			 
		

		
			_____________________
		

		
			Grant Number ___________________
		

		
			 
		

		
			1.Award of Restricted Stock Units.  LifePoint Hospitals, Inc. (the “Company”) grants, as of February 25, 2014 (the “Date of Grant”), to __________________ (the “Recipient”), ______________ Restricted Stock Units (the “RSUs”).  Each RSU represents the Company’s unsecured obligation to pay the Recipient, in Shares or a combination of Shares and cash, up to 200% of the Fair Market Value of a Share.  The RSUs shall be subject to the terms, provisions and restrictions set forth in this Agreement and the LifePoint Hospitals, Inc. 2013 Long-Term Incentive Plan (the “Plan”), which is incorporated herein for all purposes.  The grant of this Award, the issuance of any Shares (or any other securities of the Company pursuant thereto) and, if applicable, payment of cash, is subject to all of the terms and conditions herein and in the Plan.  Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.
		

		
			 
		

		
			2.Vesting of RSUs.
		

		
			 
		

		
			(a)Performance Requirement.    
		

		
			 
		

		
			(i)The percentage of the Fair Market Value of a Share which is payable per RSU (the “Percentage Payable”) shall be determined, except as otherwise provided in this Agreement, according to the table below (the “Performance Goals”), based on the Company’s three-year annualized total shareholder return (the “3-Year TSR”) relative to a peer group, Standard and Poor’s Global Industry Classification Standard’s Sub-industry: Health Care Facilities with over $500.0 million in revenues or its equivalent (the “Relative 3-Year TSR”), during the Performance Period:
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Relative 3-Year TSR Achieved

					
					
						 

					
					
						Percentage Payable

				
	
					
						25th Percentile

					
					
						 

					
					
						50%

				
	
					
						37.5 Percentile

					
					
						 

					
					
						75%

				
	
					
						50th Percentile

					
					
						 

					
					
						100%

				
	
					
						62.5 Percentile

					
					
						 

					
					
						150%

				
	
					
						75th Percentile or higher

					
					
						 

					
					
						200%

				

		
			 
		

		
			The Percentage Payable will be prorated if the level of Relative 3-Year TSR achieved is between two of the levels specified in the chart above. 
		

		
			 
		

		
			(ii)The “Performance Period” for the Award is January 1, 2014, through December 31, 2016.  
		

		

		

		 

 

		(iii)The Company’s 3-Year TSR shall be determined using the Company’s stock price average for the last thirty (30) trading days in 2013 and the last thirty (30) trading days in 2016.
		

		
			 
		

		
			(iv)Payment of the RSUs is conditioned upon the Committee certifying in writing upon the completion of the Performance Period that the Performance Goals specified herein were achieved and, if so, the level at which the Performance Goals are achieved, except as otherwise provided in this Agreement.  If the objectives are not achieved, the RSUs will be forfeited and shall not vest and no payment shall be made hereunder.
		

		
			 
		

		
			(v)Performance shall be determined in accordance with generally accepted accounting principles; provided, however, that such performance shall be determined without regard to any change in accounting standards that may be required by the Financial Accounting Standards Board during the Performance Period, and by making appropriate adjustments to account for any spin-off or sale of a subsidiary or the disposition of assets by the Company during the Performance Period.  Any such adjustments shall be made in a manner that (A) does not result in a discretionary increase in the amount payable under the Award and (B) is otherwise consistent with the qualification of Awards as “performance-based compensation” under Code Section 162(m) and the regulations thereunder.  
		

		
			 
		

		
			(vi)Except as otherwise provided in this Agreement, there shall be no proportionate or partial vesting of the RSUs in or during the months, days or periods prior to the Vesting Date and all vesting of the RSUs shall occur only on the Vesting Date. 
		

		
			 
		

		
			(b)General Vesting.  Except as otherwise provided in this Agreement, the RSUs subject to this Agreement will vest on February 25, 2017 (the “Vesting Date”), provided that the Continuous Service of the Recipient continues through and on the Vesting Date and the Performance Goals are met.      
		

		
			 
		

		
			(c)Acceleration of Vesting Upon Death.    Notwithstanding any other provision in this Agreement, in the event that the Recipient’s Continuous Service terminates before the Vesting Date by reason of the Recipient’s death, the RSUs subject to this Agreement shall be immediately vested as of the date of such death, and the Percentage Payable per RSU shall be one hundred percent (100%) or, if greater, the percentage determined pursuant to Section 2(a) above, except that such determination shall be based on the period beginning January 1, 2014 and ending on the date of the Recipient’s death and the last thirty (30) trading days immediately prior to the Recipient’s death shall be used to measure performance.
		

		
			 
		

		
			(d)Acceleration of Vesting Upon Disability.    Notwithstanding any other provision in this Agreement, in the event that the Recipient suffers a Disability prior to the Vesting Date, the RSUs subject to this Agreement shall be immediately vested as of the date of such Disability, and the Percentage Payable per RSU shall be one hundred percent (100%) or, if greater, the percentage determined pursuant to Section 2(a) above, except that such determination shall be based on the period beginning January 1, 2014 and ending on the date of the Recipient’s Disability and the last thirty (30) trading days immediately prior to the Recipient’s Disability shall be used to measure performance.
		

		

		

		 

		

			2

		

 

		 
		

		
			(e)Acceleration of Vesting Upon a Change in Control.    Notwithstanding any other provision in this Agreement, in the event of a “Change in Control,” as defined in Section 9(b) of the Plan, during the Recipient’s Continuous Service, the RSUs subject to this Agreement shall be immediately vested as of the date of the Change in Control and the Percentage Payable per RSU shall be two hundred percent (200%), unless either (i) the Company is the surviving entity in the Change in Control and the RSU Award continues to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control, or (ii) the successor company or its parent company assumes or substitutes for the RSU Award, as determined in accordance with Section 10(c)(ii) of the Plan. Notwithstanding the foregoing, in the event the Recipient’s Continuous Service is terminated without Cause by the Company or any Related Entity or by such successor company or by the Recipient for Good Reason within 24 months following a Change in Control and the RSUs subject to this Agreement did not vest pursuant to subsection (i) or (ii) of this Section 2(e), the RSUs subject to this Agreement shall be immediately vested as of the date of such termination of Continuous Service and the Percentage Payable per RSU shall be two hundred percent (200%).
		

		
			 
		

		
			(f)Acceleration of Vesting Upon Termination.    Notwithstanding any other provision in this Agreement and except as otherwise provided in Section 2(g), in the event that the Recipient’s Continuous Service is terminated prior to the Vesting Date either by the Company or any Related Entity without Cause or by the Recipient for Good Reason, a portion of the RSUs equal to (i) the number of full months of Continuous Service following the Date of Grant through the date of termination, divided by (ii) the total number of months between the Date of Grant and the Vesting Date, shall become vested as of the Vesting Date, provided that the Performance Goals described herein are attained during the Performance Period.  The Percentage Payable per RSU shall be the percentage, if any, determined and certified by the Committee pursuant to Section 2(a) above.  
		

		
			 
		

		
			(g)Acceleration of Vesting Upon Retirement.    Notwithstanding any other provision in this Agreement, if the Recipient terminates his or her Continuous Service prior to the Vesting Date and after attaining age 62 (for reasons other than the reasons described in Sections 2(c), 2(d), 2(e) and 2(f) hereof) and completing at least five (5) years of Continuous Service (a “Retirement Termination”), the RSUs shall vest on the Vesting Date, provided that the Performance Goals described herein are attained during the Performance Period and provided further that, during the period (the “Restricted Period”) beginning on the date the Recipient has a Retirement Termination (the “Retirement Date”) and continuing until the Vesting Date, the Recipient agrees that he or she will not, in any capacity (including, but not limited to, as an owner, member, partner, shareholder, consultant, advisor, financier, agent, employee, officer, director, manager or otherwise), whether directly or indirectly, engage in a Competitive Activity (as such term is hereinafter defined). If the Recipient fails to comply with this provision, a portion of the RSUs equal to (i) the number of full months following the Date of Grant through the date the Recipient violates this provision, divided by (ii) the total number of months between the Date of Grant and the Vesting Date, shall become vested as of the Vesting Date, provided that the Performance Goals described herein are attained during the Performance Period, and the unvested portion of the RSUs shall be forfeited.  The Percentage Payable per RSU under this Subsection shall be the percentage, if any, determined and certified by the Committee pursuant to 
		

		 

		

			3

		

 

		Section 2(a) above.  As used in this Agreement, the term “Competitive Activity” shall mean and refer to: any person or entity (including their successors (including any successor(s) that results from any business combination, sale or merger), assigns and transferees, whether by operation of law or otherwise) that, whether on the Retirement Date or at any time within the Restricted Period, derives more than fifty percent of its revenues from one or more non-urban acute care hospitals (and associated outpatient healthcare facilities).  Nothing in this subsection (g) shall prohibit the Recipient’s ownership of stock in any publicly held company (other than the Company) listed on a national securities exchange or whose shares of stock are regularly traded in the over the counter market as long as such holding at no time exceeds two percent (2%) of the total outstanding stock of such company. 
		

		
			 
		

		
			(h)Definitions.  For purposes of this Agreement, the following terms shall have the meanings indicated:
		

		
			 
		

		
			(i)“Delivery Date” means the date on which any portion of the RSUs subject to this Agreement vest pursuant to this Section 2.  Notwithstanding the foregoing, (x) in the event the RSUs subject to this Agreement become vested upon a Change in Control, Delivery Date shall mean the date on or after the Change in Control on which the Recipient has a Separation from Service, provided that such Separation from Service occurs within 24 months following a Change in Control which constitutes a “change in the ownership” of the Company, a “change in effective control” of the Company, or a “change in the ownership of a substantial portion of the assets” of the Company under Treasury Regulations Section 1.409A-3(i)(5), or the date on which the RSUs subject to this Agreement would have vested pursuant to Sections 2(b), 2(c) or 2(d) in the absence of a Change in Control occurring, whichever occurs earliest, and (y) in the event the Recipient’s Continuous Service is terminated without Cause by the Company or any Related Entity or by such successor company or by the Recipient for Good Reason within 24 months following a Change in Control, which does not constitute a “change in the ownership” of the Company, a “change in effective control” of the Company, or a “change in the ownership of a substantial portion of the assets” of the Company under Treasury Regulations Section 1.409A-3(i)(5), or any successor provision, and the RSUs subject to this Agreement did not vest pursuant to subsection (i) or (ii) of Section 2(e), Delivery Date shall mean the date on which the RSUs subject to this Agreement would have vested pursuant to Section 2(a) in the absence of a Change in Control occurring.          
		

		
			 
		

		
			(ii)“Non-Vested RSUs” means any portion of the RSUs subject to this Agreement that have not become vested pursuant to this Section 2. 
		

		
			 
		

		
			(iii)“Separation from Service” means the voluntary or involuntary separation from service with the Service Recipient, determined in a manner consistent with Section 409A of the Code and the Treasury Regulations thereunder.
		

		
			 
		

		
			(iv)“Service Recipient” means the person or entity for whom the services resulting in the grant of the RSUs were performed, and with respect to whom the legally binding right to the Award arises, and all persons with whom such person would be considered a single employer under Section 414(b) of the Code (employees of a controlled group of corporations), and all persons with whom such person would be considered a single employer under Section 
		

		 

		

			4

		

 

		414(c) of the Code (employees of partnerships, proprietorships, or other entities under common control).
		

		
			 
		

		
			(v)“Specified Employee” means any Recipient who, at the time of his or her Separation from Service, is a “key employee”, within the meaning of Section 416(i) of the Code, of any Service Recipient the shares of which are publicly traded on an established securities market or otherwise, determined in accordance with Section 409A of the Code.
		

		
			 
		

		
			(vi)“Vested RSUs” means any portion of the RSUs subject to this Agreement that are and have become vested pursuant to this Section 2.   
		

		
			 
		

		
			3.Forfeiture of RSUs.    Except as otherwise provided in Section 2, if the Recipient’s Continuous Service is terminated prior to the Vesting Date,  the RSUs shall be forfeited immediately upon such termination of Continuous Service without any payment to the Recipient.  
		

		
			 
		

		
			4.Settlement of the RSUs.    
		

		
			 
		

		
			(a)Medium of Payment.    If the  Percentage Payable per RSU,  determined in accordance with Section 2, is less than or equal to 100%, the Vested RSUs shall be settled in a number of Shares equal to the number of Vested RSUs, multiplied by the Percentage Payable per RSU. If the Percentage Payable per RSU is greater than 100%, the Vested RSUs shall be settled in (i) a number of Shares equal to the number of Vested RSUs, multiplied by 100%, plus (ii) cash equal to the Fair Market Value of a Share on the date the Committee certifies the level of Performance Goals achieved, multiplied by the portion of the Percentage Payable per RSU that exceeds 100%, multiplied by the number of Vested RSUs. Notwithstanding the foregoing, if the RSUs become vested due to the Recipient’s death or Disability, the Fair Market Value of a Share on the date of the Recipient’s death or Disability, as applicable, shall be used to calculate any cash payment.  Furthermore, if the RSUs become vested on a Change in Control pursuant to Section 2(e), the price paid per share in connection with such Change in Control shall be used to calculate any cash payment.  If the RSUs become vested on the Recipient’s termination of Continuous Service following a Change in Control pursuant to Section 2(e), the Fair Market Value of a Share on the date of the Recipient’s termination of Continuous Service shall be used to calculate any cash payment.     
		

		
			 
		

		
			(b)Payment.  The Company shall deliver to the Recipient or in the event of the Recipient’s death, to the beneficiary or beneficiaries designated by the Recipient, or if the Recipient has not so designated any beneficiary(ies), or no designated beneficiary survives the Recipient, to the personal representative of the Recipient’s estate, Shares and, if applicable, cash as provided in Section 4(a),  on, or as soon as administratively practicable after, the Delivery Date, but in no event more than sixty (60) days thereafter. Notwithstanding the foregoing, in the event there is a Change in Control on or before the date on which the Company would otherwise deliver Shares pursuant to this Section 4(b), the Company may, in lieu of delivering Shares, deliver the consideration (whether stock, cash or other securities or property) received in the Change in Control transaction by holders of Shares, or such other consideration as determined by the Committee in its sole discretion, equal to the Fair Market Value of the per Share consideration received by holders of Shares in the applicable transaction, multiplied by the 
		

		 

		

			5

		

 

		number of Vested RSUs that were deliverable pursuant to this Section 4.  The determination of such substantial equality of Fair Market Value of consideration shall be made by the Committee in its sole discretion and its determination shall be conclusive and binding.  
		

		
			 
		

		
			(c)Distribution to Specified Employees.  Notwithstanding the foregoing, if the Recipient is a Specified Employee, then no payments otherwise required to be made under this Agreement on account of the Recipient’s Separation from Service shall be made before the date that is six (6) months after the date of the Recipient’s Separation from Service or, if earlier, the date of the Recipient’s death if such deferral is required to comply with Section 409A of the Code. 
		

		
			 
		

		
			5.Rights with Respect to RSUs.
		

		
			 
		

		
			(a)No Rights as Shareholder Until Delivery.  Except as otherwise provided in this Section 5, the Recipient shall not have any rights, benefits or entitlements with respect to Shares corresponding to the RSUs unless and until those Shares are delivered to the Recipient (and thus shall have no voting rights, or rights to receive any dividend declared, before those Shares are so delivered).  On or after delivery, the Recipient shall have, with respect to the Shares delivered, all of the rights of a holder of Shares granted pursuant to the articles of incorporation and other governing instruments of the Company, or as otherwise available at law.   
		

		
			 
		

		
			(b)Adjustments to RSUs.  If at any time while this Agreement is in effect and before the RSUs have been settled, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then the RSUs subject to this Agreement shall be adjusted in the same manner as the outstanding Shares of the Company.  If any such adjustment shall result in a fractional RSU, such fraction shall be disregarded.
		

		
			 
		

		
			(c)No Restriction on Certain Transactions.  Notwithstanding any term or provision of this Agreement to the contrary, the existence of this Agreement, or of any outstanding RSUs awarded hereunder, shall not affect in any manner the right, power or authority of the Company or any Related Entity to make, authorize or consummate: (i) any or all adjustments, recapitalizations, reorganizations or other changes in the Company's or any Related Entity’s capital structure or its business; (ii) any merger, consolidation or similar transaction by or of the Company or any Related Entity; (iii) any offer, issue or sale by the Company or any Related Entity of any capital stock of the Company or any Related Entity, including any equity or debt securities, or preferred or preference stock that would rank prior to or on parity with the Shares represented by the RSUs and/or that would include, have or possess other rights, benefits and/or preferences superior to those that such Shares include, have or possess, or any warrants, options or rights with respect to any of the foregoing; (iv) the dissolution or liquidation of the Company or any Related Entity; (v) any sale, transfer or assignment of all or any part of the stock, assets or business of the Company or any Related Entity; or (vi) any other corporate transaction, act or proceeding (whether of a similar character or otherwise).
		

		
			 
		

		

		

		 

		

			6

		

 

		(d)Dividend Equivalents.  During the term of this Agreement, the Recipient shall have the right to receive distributions (the “Dividend Equivalents”) from the Company equal to any dividends or other distributions that would have been distributed to the Recipient if each RSU was instead an issued and outstanding Share owned by the Recipient.  Dividend Equivalents payable with respect to the RSUs subject to this Agreement shall be subject to the following terms and conditions: (i) Dividend Equivalents payable with respect to the RSUs subject to this Agreement shall be paid on the date the RSUs to which such Dividend Equivalents relate are settled under Section 4 hereof, with such Dividend Equivalents to be accumulated, without interest, by the Company (the “Accumulated Dividend Equivalents”), (ii) all Accumulated Dividend Equivalents payable with respect to the RSUs subject to this Agreement shall be paid in cash, reduced by any applicable withholding taxes, and (ii) any Accumulated Dividend Equivalents with respect to the RSUs subject to this Agreement shall be forfeited and all rights of the Recipient to such Accumulated Dividend Equivalents shall terminate, without further obligation on the part of the Company, unless the portion of the RSUs subject to this Agreement to which such Accumulated Dividend Equivalents relate become Vested RSUs pursuant to Section 2 hereof.  Each Dividend Equivalent shall be treated as a separate payment for purposes of Section 409A of the Code.
		

		
			 
		

		
			6.Transferability.  The RSUs are not transferable unless and until the Shares have been delivered to the Recipient in settlement of the RSUs in accordance with this Agreement, otherwise than by will or under the applicable laws of descent and distribution. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Recipient.  Except as otherwise permitted pursuant to the first sentence of this Section, any attempt to effect a Transfer of any RSUs prior to the date on which the Shares have been delivered to the Recipient in settlement of the RSUs shall be void ab initio.  For purposes of this Agreement, “Transfer” shall mean any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy or attachment.
		

		
			 
		

		
			7.Tax Matters.
		

		
			 
		

		
			(a)Withholding.  Any tax withholding obligation of the Company arising in connection with this Award, and/or the lapse of restrictions with respect hereto, shall, to the extent permitted by law, be satisfied by the retention of cash and/or Shares issuable pursuant to this Award that have a then-current Fair Market Value equal to the amount of any federal, state or local taxes of any kind required by law to be withheld with respect to this Award.  If the retention of Shares described in the foregoing sentence is not permitted by law, as a condition to the Company’s obligations with respect to the RSUs (including, without limitation, any obligation to deliver any Shares) hereunder, the Recipient shall make arrangements satisfactory to the Company to pay to the Company any federal, state or local taxes of any kind required to be withheld with respect to the vesting or delivery of Shares corresponding to such RSUs.  
		

		
			 
		

		
			(b)Recipient’s Responsibilities for Tax Consequences.  The tax consequences to the Recipient (including without limitation federal, state, local and foreign income tax consequences) with respect to the RSUs (including without limitation the grant, vesting and/or 
		

		 

		

			7

		

 

		delivery thereof) are the sole responsibility of the Recipient.  The Recipient shall consult with his or her own personal accountant(s) and/or tax advisor(s) regarding these matters and the Recipient’s filing, withholding and payment (or tax liability) obligations.  
		

		
			 
		

		
			8.Amendment, Modification & Assignment.  This Agreement may only be modified or amended in a writing signed by the parties hereto.  No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by either party which are not set forth expressly in this Agreement.  This Agreement (and Recipient’s rights hereunder) may not be assigned, and the obligations of Recipient hereunder may not be delegated, in whole or in part.  The rights and obligations created hereunder shall be binding on the Recipient and his heirs and legal representatives and on the successors and assigns of the Company.
		

		
			 
		

		
			9.Complete Agreement.  This Agreement (together with those agreements and documents expressly referred to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way.
		

		
			 
		

		
			10.Miscellaneous.
		

		
			 
		

		
			(a)No Right to (Continued) Employment or Service.  This Agreement and the grant of RSUs hereunder shall not confer, or be construed to confer, upon the Recipient any right to employment or service, or continued employment or service, with the Company or any Related Entity.
		

		
			 
		

		
			(b)No Limit on Other Compensation Arrangements.  Nothing contained in this Agreement shall preclude the Company or any Related Entity from adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans, agreements and arrangements may be either generally applicable or applicable only in specific cases or to specific persons.
		

		
			 
		

		
			(c)Severability.  If any term or provision of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law (or if such provision cannot be so construed or deemed amended without materially altering the purpose or intent of this Agreement and the grant of RSUs hereunder, such provision shall be stricken as to such jurisdiction and the remainder of this Agreement and the award hereunder shall remain in full force and effect).
		

		
			 
		

		
			(d)No Trust or Fund Created.  Neither this Agreement nor the grant of RSUs hereunder shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related Entity and the Recipient or any other person.  To the extent that the Recipient or any other person acquires a right to receive payments from the 
		

		 

		

			8

		

 

		Company or any Related Entity pursuant to this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.
		

		
			 
		

		
			(e)Law Governing.  This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware (without reference to the conflict of laws rules or principles thereof).
		

		
			 
		

		
			(f)Interpretation.  This award of RSUs is subject to all of the terms, provisions and restrictions of this Agreement and the Plan.  All decisions or interpretations of the Board or the Committee upon any questions arising under this Agreement or the Plan are binding, conclusive and final.  
		

		
			 
		

		
			(g)Headings.  Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference.  Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision hereof.
		

		
			 
		

		
			(h)Notices.  Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or when deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s General Counsel at 330 Seven Springs Way, Brentwood, Tennessee 37207, or if the Company should move its principal office, to such principal office, and, in the case of the Recipient, to the Recipient’s last permanent address as shown on the Company’s records, subject to the right of either party to designate some other address at any time hereafter in a notice satisfying the requirements of this Section.
		

		
			 
		

		
			(i)Compliance with Section 409A
		

		
			 
		

		
			(i)General.  It is the intention of both the Company and the Recipient that the benefits and rights to which the Recipient could be entitled pursuant to this Agreement comply with Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder (“Section 409A”), to the extent that the requirements of Section 409A are applicable thereto, and the provisions of this Agreement shall be construed in a manner consistent with that intention.  If the Recipient or the Company believes, at any time, that any such benefit or right that is subject to Section 409A does not so comply, it shall promptly advise the other and shall negotiate reasonably and in good faith to amend the terms of such benefits and rights such that they comply with Section 409A (with the most limited possible economic effect on the Recipient and on the Company).
		

		
			 
		

		
			(ii)No Representations as to Section 409A Compliance.  Notwithstanding the foregoing, the Company does not make any representation to the Recipient that the shares of RSUs and the Dividend Equivalents, if any, awarded pursuant to this Agreement are exempt from, or satisfy, the requirements of Section 409A, and the Company shall have no liability or other obligation to indemnify or hold harmless the Recipient or any Beneficiary for any tax, additional tax, interest or penalties that the Recipient or any Beneficiary may incur in the event 
		

		 

		

			9

		

 

		that any provision of this Agreement, or any amendment or modification thereof or any other action taken with respect thereto is deemed to violate any of the requirements of Section 409A.
		

		
			 
		

		
			(iii)No Acceleration of Payments.  Neither the Company nor the Recipient, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid without violating Section 409A.
		

		
			 
		

		
			(iv)Treatment of Each Installment as a Separate Payment. For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Recipient is entitled under this Agreement shall be treated as a separate payment.  In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.
		

		
			 
		

		
			(j)Non-Waiver of Breach.  The waiver by any party hereto of the other party's prompt and complete performance, or breach or violation, of any term or provision of this Agreement shall be effected solely in a writing signed by such party, and shall not operate nor be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to exercise any right or remedy which he or it may possess shall not operate nor be construed as the waiver of such right or remedy by such party, or as a bar to the exercise of such right or remedy by such party, upon the occurrence of any subsequent breach or violation.  
		

		
			 
		

		
			(k)Clawback of Benefits.  The Committee shall have full authority to implement any policies and procedures that it determines to be necessary or appropriate to comply with applicable securities laws or other laws, including, without limitation, Section 10D of the Exchange Act and any rules promulgated thereunder, including without limitation, including in this Agreement, or amending any this Agreement, without the consent of the Recipient, to include language for the clawback (recapture) by the Company of any benefits under this Agreement that the Committee deems necessary or appropriate to comply with that statutory provision and those rules.
		

		
			 
		

		
			 
		

		
			 
		

		 

		

			10

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