Document:

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                                                                    EXHIBIT 10.2

                       PACIFIC SUNWEAR OF CALIFORNIA, INC.
                              1999 STOCK AWARD PLAN
                 [YEAR] PERFORMANCE-BASED BONUS AWARD AGREEMENT

      THIS [YEAR] PERFORMANCE-BASED BONUS AWARD AGREEMENT (this "Agreement") is
entered into by and between PACIFIC SUNWEAR OF CALIFORNIA, INC., a California
corporation (the "Company"), and [Executive Name] (the "Participant") as of this
___ day of _______, _____.

                               W I T N E S S E T H

      WHEREAS, the Company has adopted the Pacific Sunwear of California, Inc.
1999 Stock Award Plan, as amended and restated March 27, 2003 (the "Plan"); and

      WHEREAS, the Company's Compensation Committee (the "Committee") has
determined that the Participant is eligible to be granted a Performance-Based
Award pursuant to Section 5.2 of the Plan and has granted the Participant a
Performance-Based Award upon the terms and conditions set forth herein and in
the Plan (the "Award"); and

      WHEREAS, the Award has been granted to the Participant in addition to, and
not in lieu of, any other form of compensation otherwise payable or to be paid
to the Participant;

      NOW, THEREFORE, in consideration of the mutual promises and covenants made
herein and the mutual benefits to be derived herefrom, the parties agree as
follows:

1.    CAPITALIZED TERMS. Capitalized terms used herein and not otherwise defined
      herein shall have the meaning assigned to such terms in the Plan.

2.    GRANT OF AWARD. This Agreement evidences the Company's grant to the
      Participant, subject to the terms and conditions hereof and of the Plan,
      of an Award with respect to the Company's ______ fiscal year (the
      "Performance Period"). The bonus payable in respect of the Award will be
      calculated under Appendix A hereto if the Performance Target set forth
      therein (minimum EPS of the Company for the Performance Period) is
      achieved. The bonus payable in respect of the Award will increase, as set
      forth in Appendix A hereto, for certain levels of EPS of the Company for
      the Performance Period in excess of the minimum EPS of the Company for
      that period. No bonus will be payable if such minimum EPS of the Company
      is not achieved for the Performance Period. For purposes of determining
      the Participant's bonus in accordance with Appendix A, the Participant's
      "Target Bonus" is $_________. The maximum amount that will be paid
      pursuant to the Award shall not exceed the limitation contained in Section
      5.2(c) of the Plan.

3.    FORFEITURE OF AWARD; EARLY TERMINATION; ADJUSTMENT. Should the
      Participant's employment by the Company terminate for any reason prior to
      the last day of the Performance Period, the Bonus payable in respect of
      the Award shall equal: (1) the amount that would otherwise have been paid
      in respect of the Award had the Participant remained an employee of the
      Company throughout the Performance Period, multiplied by
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      (2) a fraction of the numerator of which is the total number of days in
      the Performance Period that the Participant was as employee of the Company
      and the denominator of which is 365. Such amount shall otherwise be paid
      at the same time and on the same terms and conditions as though the
      Participant's employment by the Company had not terminated.

4.    CONTINUANCE OF EMPLOYMENT. Notwithstanding any commitment of the
      Participant to remain in the service or employ of the Company (or any
      affiliate), the Award shall not confer upon the Participant any right ---
      with respect to the continuation of his or her service or employment by
      the Company (or any affiliate) or alter or interfere in any way with the
      right of the Company (or any affiliate) at any time to terminate such
      service or employment or to change the compensation of the Participant or
      other terms of his or her service or employment; and neither shall these
      terms alter or in any way affect the rights of the Company (or any
      affiliate) or the Participant under any other written employment agreement
      between them, except as expressly provided herein.

5.    TIMING AND MANNER OF PAYMENT. Subject to any changes imposed by or allowed
      under the provisions of the Plan, benefits with respect to the Award shall
      be calculated pursuant to Section 2 and Appendix A. The Committee shall
      determine, in accordance with such provisions and after the end of the
      Performance Period, the specific amount to the paid to the Participant
      with respect to this Award. No payment shall be made with respect to the
      Award unless and until the Committee has certified, by resolution or other
      appropriate action in writing, that the amount thereof has been accurately
      determined in accordance with the terms, conditions and limits of the
      Award and that the applicable Performance Target was, in fact, satisfied.
      Any amount payable with respect to the Award shall be paid in cash as soon
      as practicable following such certification by the Committee. No interest
      or other earnings shall be paid on or accrue with respect to such amount
      for the period between the end of the Performance Period and the date of
      actual payment.

6.    ADJUSTMENTS. To preserve the intended incentives and benefits of the
      Award, the Committee shall (i) adjust the Performance Targets applicable
      to the Award to reflect any material change in corporate capitalization,
      any material corporate transaction (such as a reorganization, combination,
      separation, merger, acquisition, or any combination of the foregoing), or
      any complete or partial liquidation of the Company, (ii) calculate
      Performance Targets without regard for any change in accounting policies
      or practices affecting the Company and/or the Business Criteria or the
      Performance Targets, and (iii) adjust Business Criteria and Performance
      Targets or other features of an Award to reflect the effects of any
      special charges to the Company's earnings; in each case only to the extent
      consistent with the requirements of Section 162(m) of the Code to qualify
      the Award as "qualified performance-based compensation" thereunder.

7.    TAX WITHHOLDING. The Company shall reduce any amount otherwise payable
      with respect to the Award by the amount of any federal, state and/or local
      income and/or employment tax withholding that may be required with respect
      to such payment.
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8.    DISSOLUTION OF THE COMPANY, CERTAIN MERGERS. In the event of the
      dissolution of the Company or a merger, reorganization or other event in
      which the Company ceases to be a publicly-traded company in respect of its
      Common Stock, the Committee may terminate the Performance Period as of or
      immediately prior to such event and pro-rate the Target Bonus and
      Performance Targets by multiplying each relevant amount by a fraction, the
      numerator of which is the number of days in the shortened Performance
      Period and the denominator of which is 365.

9.    DEATH OF THE PARTICIPANT. If the Participant dies prior to receiving any
      payment due with respect to the Award (other than an amount deferred under
      a Company deferred compensation program, the payment of which shall be
      governed by the terms of such program), such payment shall be made to his
      designated beneficiary. A Participant's designated beneficiary shall be
      the beneficiary designated by the Participant, in a manner determined by
      the Committee to receive amounts due the Participant in the event of his
      death. In the absence of an effective designation, a Participant's
      designated beneficiary shall be deemed to be his or her spouse, or, if he
      or she has no spouse at the time of his or her death, his or her estate.

10.   AWARD NON-TRANSFERABLE. Except as expressly provided in Section 9 above,
      the Award is non-transferable. No benefit payable with respect to the
      Award shall be subject in any manner to anticipation, alienation, sale,
      transfer, pledge, assignment, encumbrance or charge, and any such
      attempted action shall be void and no such benefit shall be in any manner
      liable for or subject to debts, contracts, liabilities, engagements or
      torts of the Participant. This Agreement shall, however, be binding upon
      any successor to all or substantially all of the business and/or assets of
      the Company.

11.   GOVERNING LAW. The interpretation, performance and enforcement of this
      Agreement shall be governed by the laws of the State of California,
      without regard to the conflict of laws principles thereof.

12.   AMENDMENT. This Agreement may only be amended in writing by an instrument
      signed by both parties. Adjustments pursuant to Section 6 shall not,
      however, be considered amendments requiring Participant consent.

13.   CONSTRUCTION. It is the intent of the Company that the Award satisfy and
      be interpreted in a manner that satisfies the applicable requirements
      under Section 162(m) of the Code to qualify the Award as "qualified
      performance-based compensation" thereunder. Any provision, application or
      interpretation of the Plan inconsistent with this intent to satisfy the
      standards in Section 162(m) of the Code shall be disregarded.

14.   GENERAL TERMS. The Award and any payment in respect thereof are subject
      to, and the Company and the Participant agree to be bound by, the
      provisions of the Plan. The provisions of the Plan are incorporated herein
      by this reference. Provisions of the Plan that grant discretionary
      authority to the Committee or the Board shall not create any rights in the
      Participant, unless such rights are expressly set forth herein.
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         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and year first written above.

PARTICIPANT                                 PACIFIC SUNWEAR OF
                                            CALIFORNIA, INC.
                                            a California Corporation

______________________________              By: ________________________________
[Executive Name]
                                            Name: ______________________________

______________________________              Title: _____________________________

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                             [YEAR] AWARD AGREEMENT
                                   APPENDIX A

    NAME OF PARTICIPANT:  [EXECUTIVE NAME]

<TABLE>
<CAPTION>
                                                         Percentage of Target
                                                         Bonus Which Will be
                                                       Paid If Specified Level
                                                          of the Performance
                                   Performance           Target is Satisfied
Business Criteria*                 Target Level      in the Performance Period**
-----------------                  ------------      ---------------------------
<S>                                <C>               <C>
Company "EPS" (as such
term is defined in the Plan)
</TABLE>

No portion of the Target Bonus shall be paid if the Company's EPS for the
Performance Period is less than the Performance Target of $____.

* EPS of the Company will be determined on a consolidated basis.

**Amounts are not cumulative.<PAGE>

                                                                    EXHIBIT 10.3

                                 DESCRIPTION OF
                          2004 CASH BONUS ARRANGEMENTS

Under the Pacific Sunwear 1999 Stock Award Plan, the Company may grant cash
performance awards. In 2004, the Company established criteria for
performance-based bonus awards for its Chairman and its President under the 1999
Stock Award Plan. In addition, the Company established a bonus plan for other
officers and certain other employees. In each case, the bonus awards payable are
based on the achievement of goals relating to the performance of the Company.

The Compensation Committee established the performance goals for the Chairman
and the President, and recommended to the Board of Directors for its approval
the performance goals for other officers and employees. This committee also
established the formulae for purposes of determining the actual award (if any)
payable to such officers and employees assuming the performance goals are
achieved.

The amount of the bonus payable to the Chairman (if any) is based on the
Company's level of earnings per share. For each of the other participants, 25%
of the bonus payable is discretionary and the remaining 75% is based on the
Company's level of earnings per share.

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