Document:

Unassociated Document

    Exhibit
10.2

     

    ICONIX
BRAND GROUP, INC.

     

    RESTRICTED
STOCK AGREEMENT

     

    To:

    

    Date
of Award:

     

    You are
hereby awarded, effective as of the date hereof, _________ shares (the
“Shares”) of common stock, $.001 par value (“Common Stock”),
of  Iconix Brand Group, Inc., a Delaware corporation (the “Company”),
pursuant to the Company’s 2009 Equity Incentive Plan (the “Plan”), subject to
certain restrictions specified below in Restrictions and Forfeiture. (While subject
to the Restrictions, this Agreement refers to the Shares as “Restricted
Shares”).

     

    During
the period commencing on the Award Date and terminating on ________________ (the
“Restricted Period”), except as otherwise provided herein, the Shares may not be
sold, assigned, transferred, pledged, or otherwise encumbered and are subject to
forfeiture (the “Restrictions”).

     

    Except as
set forth below, the Restricted Period with respect to the Shares will lapse in
accordance with the vesting schedule set forth below (the “Vesting
Schedule”).  Subject to the restrictions set forth in the Plan, the
Administrator (as defined in the Plan) shall have the authority, in its
discretion, to accelerate the time at which any or all of the Restrictions shall
lapse with respect to any Shares subject thereto, or to remove any or all of
such Restrictions, whenever the Administrator may determine that such action is
appropriate by reason of changes in applicable tax or other laws, or other
changes in circumstances occurring after the commencement of the Restricted
Period.

     

    In
addition to the terms, conditions, and restrictions set forth in the Plan, the
following terms, conditions, and restrictions apply to the Restricted
Shares:

     

    
      	
              Restrictions
      and Forfeiture

            	
                

            	
              You
      may not sell, assign, pledge, encumber, or otherwise transfer any interest
      in the Restricted Shares until the dates set forth in the Vesting
      Schedule, at which point the Restricted Shares will be referred to as
      “Vested.”

            

    

    
      
         

      

      
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              Vesting
      Schedule

            	
                

            	
              Assuming
      you provide Continuous Service (as defined herein) as an Employee (as
      defined in the Plan) of the Company or an Affiliate of the Company, all
      Restrictions will lapse on the Restricted Shares on the Vesting date or
      Vesting dates set forth in the schedule below for the applicable grant of
      Restricted Shares and they will become
Vested.

            

    

    

    
      
        
          
            	 
      	
                    Vesting Schedule

                  
	 
      	
                    Vesting Date

                  	 
      	
                    Number of Restricted Shares that
      Vest

                  
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                      

                  	 
      

          

        

      

    

    

    
      	
              Continuous
      Service

            	
                

            	
              “Continuous
      Service,” as used herein, means the absence of any interruption or
      termination of your service as an Employee (as defined in the Plan) of the
      Company or any Affiliate.  If you are employed by an Affiliate
      of the Company, your employment shall be deemed to have terminated on the
      date your employer ceases to be an Affiliate of the Company, unless you
      are on that date transferred to the Company or another Affiliate of the
      Company.  Service shall not be considered interrupted in the
      case of sick leave, military leave or any other leave of absence approved
      by the Company or any then Affiliate of the Company.  Your
      employment shall not be deemed to have terminated if you are transferred
      from the Company to an Affiliate of the Company, or vice versa, or from
      one Company Affiliate to another Company
  Affiliate.

            

    

    
      
         

      

      
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                      Share
      Certificates

                    	 
      	
                      The
      Company will issue a certificate (or certificates) in your name with
      respect to the Shares, and will hold such certificate (or certificates) on
      deposit for your account until the expiration of the Restricted Period
      with respect to the Shares represented thereby.  Such
      certificate (or certificates) will contain the following restrictive
      legend:

                       

                      “The transferability of this
      certificate and the shares of stock represented hereby are subject to the
      terms and conditions (including forfeiture) contained in the 2009 Equity
      Incentive Plan of the Company, copies of which are on file in the office
      of the Secretary of the Company.”

                       

                    
	
                      Additional
      Conditions to Issuance of Stock Certificates

                    	 
      	
                      You
      will not receive the certificates representing the Restricted Shares
      unless and until the Company has received a stock power or stock powers in
      favor of the Company executed by you.

                    
	 	 	 
	Voting
      Rights	 	Prior
      to vesting, you will have no voting rights with respect to any Restricted
      Shares that have not Vested.
	 	 	 
	
                      Cash
      Dividends

                    	 
      	
                      Cash
      dividends, if any, paid on the Restricted Shares shall be held by the
      Company for your account and paid to you upon the expiration of the
      Restricted Period, except as otherwise determined by the
      Administrator.  All such withheld dividends shall not earn
      interest, except as otherwise determined by the Administrator. You will not receive withheld
      cash dividends on any Restricted Shares which are forfeited and all such
      cash dividends shall be forfeited along with the Restricted Shares which
      are forfeited.

                    
	 	 	 
	
                      Tax
      Withholding

                    	 
      	
                      Unless
      you make an election under Section 83(b) of the Internal Revenue Code of
      1986, as amended (the “Code”), and pay taxes in accordance with that
      election, you will be taxed on the Shares as they become Vested and must
      arrange to pay the taxes on this income. If the Administrator so
      determines, arrangements for paying the taxes may include your
      surrendering Shares that otherwise would be released to you upon becoming
      Vested or your surrendering Shares you already own. The fair market value
      of the Shares you surrender, determined as of the date when taxes
      otherwise would have been withheld in cash, will be applied as a credit
      against the withholding taxes.

                       

                      The
      Company shall have the right to withhold from your compensation an amount
      sufficient to fulfill its or its Affiliate’s obligations for any
      applicable withholding and employment taxes.  Alternatively, the
      Company may require you to pay to the Company the amount of any taxes
      which the Company is required to withhold with respect to the Shares, or,
      in lieu thereof, to retain or sell without notice a sufficient number of
      Shares to cover the amount required to be withheld.  The Company
      may withhold from any cash dividends paid on the Restricted Shares an
      amount sufficient to cover taxes owed as a result of the dividend
      payment.  The Company’s method of satisfying its withholding
      obligations shall be solely in the discretion of the Administrator,
      subject to applicable federal, state, local and foreign
      laws.  The Company shall have a lien and security interest in
      the Shares and any accumulated dividends to secure your obligations
      hereunder.

                    

            

          

        

      

    

    
      
         

      

      
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                Tax
      Representations

              	 
      	
                You
      hereby represent and warrant to the Company as follows:

                 

                (a)           You
      have reviewed with your own tax advisors the federal, state, local and
      foreign tax consequences of this investment and the transactions
      contemplated by this Agreement.  You are relying solely on such
      advisors and not on any statements or representations of the Company or
      any of its Employees or agents.

                 

                (b)           You
      understand that you (and not the Company) shall be responsible for your
      own tax liability that may arise as a result of this investment or the
      transactions contemplated by this Agreement.  You understand
      that Section 83 of the Code taxes (as ordinary income) the fair market
      value of the Shares as of the date any “restrictions” on the Shares
      lapse.  To the extent that an award hereunder is not otherwise
      an exempt transaction for purposes of Section 16(b) of the Securities
      Exchange Act of 1934, as amended (the “1934 Act”), with respect to
      officers, directors and 10% shareholders subject to Section 16 of the 1934
      Act, a “restriction” on the Shares includes for these purposes the period
      after the award of the Shares during which such officers, directors and
      10% shareholders could be subject to suit under Section 16(b) of the 1934
      Act.  Alternatively, you understand that you may elect to be
      taxed at the time the Shares are awarded rather than when the restrictions
      on the Shares lapse, or the Section 16(b) period expires, by filing an
      election under Section 83(b) of the Code with the Internal Revenue Service
      within thirty (30) days from the date of the award.

                 

                YOU
      HEREBY ACKNOWLEDGE THAT IT IS YOUR SOLE RESPONSIBILITY AND NOT THE
      COMPANY’S TO FILE TIMELY THE ELECTION AVAILABLE TO YOU UNDER SECTION 83(B)
      OF THE CODE, EVEN IF YOU REQUEST THAT THE COMPANY OR ITS REPRESENTATIVES
      MAKE THIS FILING ON YOUR BEHALF.

              
	 	 	 
	
                Securities
      Law Representations

              	 
      	
                The
      following two paragraphs shall be applicable if, on the date of issuance
      of the Restricted Shares, no registration statement and current prospectus
      under the Securities Act of 1933, as amended (the “1933 Act”), covers the
      Shares, and shall continue to be applicable for so long as such
      registration has not occurred and such current prospectus is not
      available:

              

      

    

    
      
         

      

      
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                  (a)           You
      hereby agree, warrant and represent that you will acquire the Shares to be
      issued hereunder for your own account for investment purposes only, and
      not with a view to, or in connection with, any resale or other
      distribution of any of such shares, except as hereafter
      permitted.  You further agree that you will not at any time make
      any offer, sale, transfer, pledge or other disposition of such Shares to
      be issued hereunder without an effective registration statement under the
      1933 Act, and under any applicable state securities laws or an opinion of
      counsel acceptable to the Company to the effect that the proposed
      transaction will be exempt from such registration.  You agree to
      execute such instruments, representations, acknowledgments and agreements
      as the Company may, in its sole discretion, deem advisable to avoid any
      violation of federal, state, local or foreign law, rule or regulation, or
      any securities exchange rule or listing agreement.

                   

                  (b)           The
      certificates for Shares to be issued to you hereunder shall bear the
      following legend:

                   

                  “The
      shares represented by this certificate have not been registered under the
      Securities Act of 1933, as amended, or under applicable state securities
      laws.  The shares have been acquired for investment and may not
      be offered, sold, transferred, pledged or otherwise disposed of without an
      effective registration statement under the Securities Act of 1933, as
      amended, and under any applicable state securities laws or an opinion of
      counsel acceptable to the Company that the proposed transaction will be
      exempt from such registration.”

                
	 	 	 
	
                  Stock
      Dividend, Stock Split and Similar Capital Changes

                	 
      	
                  In
      the event of any change in the outstanding shares of the Common Stock of
      the Company by reason of a stock dividend, stock split, combination of
      shares, recapitalization, merger, consolidation, transfer of assets,
      reorganization, conversion or what the Administrator deems in its sole
      discretion to be similar circumstances, the number and kind of shares
      subject to this Agreement shall be appropriately adjusted in a manner to
      be determined in the sole discretion of the Administrator, whose decision
      shall be final, binding and conclusive in the absence of clear and
      convincing evidence of bad faith.  Any shares of Common Stock or
      other securities received, as a result of the foregoing, by you with
      respect to the Restricted Shares shall be subject to the same restrictions
      as the Restricted Shares, the certificate or other instruments evidencing
      such shares of Common Stock or other securities shall be legended and
      deposited with the Company as provided above with respect to the
      Restricted Shares, and any cash dividends received with respect to such
      shares of Common Stock or other securities shall be accumulated as
      provided above with respect to the Restricted Shares.

                
	 	 	 
	
                  Non-Transferability

                	 
      	
                  Restricted
      Shares are not
transferable.

                

        

      

    

    
      
         

      

      
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                  No
      Effect on Employment

                	 
      	
                  Except
      as otherwise provided in your Employment Agreement [IF APPLICABLE], dated
      _____________________, nothing herein shall modify your status as an
      at-will employee of the Company or any of its
      Affiliates.  Further, nothing herein guarantees you employment
      for any specified period of time.  This means that, except as
      provided in the Employment Agreement, either you or the Company or any of
      its Affiliates may terminate your employment at any time for any reason,
      with or without cause, or for no reason.  You recognize that,
      for instance, you may terminate your employment or the Company or any of
      its Affiliates may terminate your employment prior to the date on which
      your Shares become vested.

                
	 	 	 
	
                  No
      Effect on Corporate Authority

                	 
      	
                  You
      understand and agree that the existence of this Agreement will not affect
      in any way the right or power of the Company or its shareholders to make
      or authorize any or all adjustments, recapitalizations, reorganizations,
      or other changes in the Company’s capital structure or its business, or
      any merger or consolidation of the Company, or any issuance of bonds,
      debentures, preferred or other stocks with preferences ahead of or
      convertible into, or otherwise affecting the common shares or the rights
      thereof, or the dissolution or liquidation of the Company, or any sale or
      transfer of all or any part of its assets or business, or any other
      corporate act or proceeding, whether of a similar character or
      otherwise.

                
	 	 	 
	
                  Arbitration

                	 
      	
                  Any
      dispute or disagreement between you and the Company with respect to any
      portion of this Agreement (excluding Attachment A hereto) or its validity,
      construction, meaning, performance or your rights hereunder shall, unless
      the Company in its sole discretion determines otherwise, be settled by
      arbitration, at a location designated by  the Company, in
      accordance with the Commercial Arbitration Rules of the American
      Arbitration Association or its successor, as amended from time to
      time.  However, prior to submission to arbitration you will
      attempt to resolve any disputes or disagreements with the Company over
      this Agreement amicably and informally, in good faith, for a period not to
      exceed two weeks.  Thereafter, the dispute or disagreement will
      be submitted to arbitration.  At any time prior to a decision
      from the arbitrator(s) being rendered, you and the Company may resolve the
      dispute by settlement.  You and the Company shall equally share
      the costs charged by the American Arbitration Association or its
      successor, but you and the Company shall otherwise be solely responsible
      for your own respective counsel fees and expenses.  The decision
      of the arbitrator(s) shall be made in writing, setting forth the award,
      the reasons for the decision and award and shall be binding and conclusive
      on you and the Company.  Further, neither you nor the Company
      shall appeal any such award.  Judgment of a court of competent
      jurisdiction may be entered upon the award and may be enforced as such in
      accordance with the provisions of the
award.

                

        

      

    

    
      
         

      

      
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                    Governing
      Law

                  	 
      	
                    The
      laws of the State of Delaware will govern all matters relating to this
      Agreement, without regard to the principles of conflict of
      laws.

                  
	 	 	 
	
                    Notices

                  	 
      	
                    Any
      notice you give to the Company must be in writing and either
      hand-delivered or mailed to the office of the Chief Executive Officer of
      the Company. If mailed, it should be addressed to the Chief Executive
      Officer of the Company at its then main headquarters. Any notice given to
      you will be addressed to you at your address as reflected on the personnel
      records of the Company. You and the Company may change the address for
      notice by like notice to the other. Notice will be deemed to have been
      duly delivered when hand-delivered or, if mailed, on the day such notice
      is postmarked.

                  
	 	 	 
	
                    Agreement
      Subject to Plan; Entire Agreement

                  	 
      	
                    This
      Agreement shall be subject to the terms of the Plan in effect on the date
      hereof, which terms are hereby incorporated herein by reference and made a
      part hereof.  This Agreement constitutes the entire
      understanding between the Company and you with respect to the subject
      matter hereof and no amendment, supplement or waiver of this Agreement, in
      whole or in part, shall be binding upon the Company unless in writing and
      signed by the President of the Company

                  
	 	 	 
	
                    Conflicting
      Terms

                  	
                      

                  	
                    Wherever
      a conflict may arise between the terms of this Agreement and the terms of
      the Plan in effect on the date hereof, the terms of the Plan will
      control.

                  

          

        

      

    

    

    Please
sign the copy of this Restricted Stock Agreement and return it to the Company’s
Secretary, thereby indicating your understanding of and agreement with its terms
and conditions.

    

    
      
        	
                ICONIX
      BRAND GROUP, INC.

              
	 
      
	
                By:

              	
                  

              
	 
      

      

    

    
      
         

      

      
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      ACKNOWLEDGMENT

    

    
      

    

    I hereby
acknowledge receipt of a copy of the Plan.  I hereby represent that I
have read and understood the terms and conditions of the Plan and of the
Restricted Stock Agreement.  I hereby signify my understanding of, and
my agreement with, the terms and conditions of the Plan and of the Restricted
Stock Agreement.  I agree to accept as binding, conclusive, and final
all decisions or interpretations of the Administrator concerning any questions
arising under the Plan with respect to this Restricted Stock
Agreement.  I accept this Restricted Stock Agreement in full
satisfaction of any previous written or oral promise made to me by the Company
or any of its Affiliates with respect to option or stock grants.

     

    Date:  ____________________

     

    
      
        	
                  

              
	 
      
	
                  

              
	
                ADDRESS

              

      

    

    

      
        
           

        

        
          Page 8 of
8ICONIX
BRAND GROUP, INC.

     NON-QUALIFIED
STOCK OPTION AGREEMENT

     

    ICONIX
BRAND GROUP, INC., a Delaware corporation (the “Company”), pursuant to the
Company’s 2009 Equity Incentive Plan (the “Plan”) hereby grants to ___________________, an
employee of the Company (the “Optionee”), as of ____________________ (the
“Grant Date”), a non-qualified stock option to purchase a total of __________________ of the
Company’s common stock, par value $.001 per share (“Common Stock”), at a price
per share equal to the closing price of the Company’s stock on such date ($_________), on the terms and
conditions set forth herein and in the Plan.  This option (the
“Option”)  is intended to be a non-qualified stock option, i.e., this
option is not intended to be, nor is it, an incentive stock option as defined in
Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”).

     

    1.           Duration.

     

    (a)           This
Option was granted as of the Grant Date.

     

    (b)           This
option shall expire at the close of business on _________________ (the
“Termination Date”), but shall be subject to earlier termination as provided
herein or in the Plan.

     

    (c)           If
the Optionee ceases to be employed by the Company for any reason other than
death, disability, termination for cause, or voluntary termination by
resignation, the Option may be exercised within three (3) months after the date
the Optionee ceases to be the employee, or within ten (10) years from the Grant
Date of the Option, whichever is earlier, but may not be exercised
thereafter.  In such event, the Option shall be exercisable only to
the extent that the right to purchase shares of Common Stock under the Plan has
accrued and is in effect at the date of such cessation of
employment.

     

    In the
event the Optionee's employment is terminated by the Company for
"cause"  or by  voluntary resignation by the Optionee, the
Optionee's right to exercise any unexercised portion of this Option shall cease
forthwith, and this Option shall thereupon terminate.

     

    In the
event of disability of the Optionee (as determined by the Board of Directors of
the Company (the “Board”) or an appropriate committee of the
Board,  as the case may be, and as to the fact and date of which the
Optionee is notified by the Board or that committee, as the case may be, in
writing), the Option shall be exercisable within one (1) year after the date of
such disability or, if earlier, the term originally prescribed by this
Agreement.  In such event, the Option shall be exercisable to the
extent that the right to purchase the shares of Common Stock hereunder has
accrued on the date the Optionee becomes disabled and is in effect as of such
determination date.

     

    In the
event of the death of the Optionee while the employee of the Company or within
three (3) months after the termination of employment (other than termination for
cause or voluntary resignation  by the Optionee), the Option shall be
exercisable to the extent exercisable but not exercised as of the date of death
and in such event, the Option must be exercised, if at all, within one (1) year
after the date of death of the Optionee or, if earlier, within the originally
prescribed term of the Option.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.           Price.

     

    The
purchase price for each share of Common Stock upon exercise of this Option (the
"Purchase Price") shall be $_________, subject to
adjustment as provided in Section 5 hereof.

     

    3.           Non-Qualified Stock
Option.

     

    This
Option is a non-qualified stock option, the exercise of which is subject to
Section 83 of the Code.

     

    4.           Written Notice of
Exercise.

     

    This
Option, to the extent it is exercisable as provided in Section 10 herein, may be
exercised only by delivering to the Company, at its principal office within the
time specified in Section 1 or such shorter time as is otherwise provided for
herein or in the Plan, a written notice of exercise substantially in the form
described in Section 10. The Optionee hereby acknowledges receipt of a copy of
the Plan.

     

    5.           Anti-Dilution
Provisions.

     

    (a)           If
there is any stock dividend or recapitalization resulting in a stock split, or
combination or exchange of shares of Common Stock of the Company, the number of
shares of Common Stock then subject to this Option and the Purchase Price may be
proportionately and appropriately adjusted by the Board; provided, however, that
any fractional shares resulting from any such adjustment shall be
eliminated.

     

    (b)           If
there is any other change in the Common Stock of the Company, including
recapitalization, reorganization, sale or exchange of assets, exchange of
shares, offering of subscription rights, or a merger or consolidation in which
the Company is the surviving corporation, an adjustment, if any, shall be made
in the shares then subject to this Option as the Board in its sole discretion
may deem appropriate.  Failure of the Board  to provide for
an adjustment pursuant to this subparagraph prior to the effective date of any
Company action referred to herein shall be conclusive evidence that no
adjustment has been approved by the Board in consequence of such action and that
no such adjustment will be made in consequence of such action.

     

    6.           Investment Representation
.

     

    The
Optionee agrees that until such time as a registration statement under the
Securities Act of 1933, as amended (the “Act”), becomes effective with respect
to this Option and/or the shares of Common Stock underlying this Option, the
Optionee is taking this Option and shall take the shares of Common Stock
underlying this Option, for the Optionees own account,
for  investment, and not for resale or distribution.

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    7.           Transferability.  Except
as may be otherwise provided by the Plan or by the Board or an appropriate
committee of the Board, as the case may be, at or after the Grant Date, the
Option shall not be transferable otherwise than by will or the laws of descent
and distribution, and the Option may be exercised during the lifetime of the
Optionee only by the Optionee.  No transfer of the Option by the
Optionee by will or by the laws of descent and distribution shall be effective
to bind the Company unless the Company shall have been furnished with written
notice thereof and a copy of the will and such other evidence as the Company may
deem necessary to establish the validity of the transfer and the acceptance by
the transferor or transferees of the terms and conditions of such
Option.

     

    8.           Certain Rights Not Conferred
by Option.

     

    The
Optionee shall not, by virtue of holding this Option, be entitled to any rights
of a stockholder in the Company.

     

    9.           Transfer
Taxes.

     

    The
Company shall pay all original issue and transfer taxes with respect to the
issuance and transfer of shares of Common Stock of the Company pursuant hereto
provided that the shares are issued in the name of the Optionee.

     

    10.           Vesting
Options.

     

    The
amount of shares of Common Stock to this option are fully vested and exercisable
immediately.

     

    (a)           This
Option shall be exercisable by written notice of such exercise, in the form
prescribed by the Board to the Company, at its principal executive
office.  The notice shall specify the number of shares for which the
Option is being exercised, be signed by the Optionee and shall be accompanied by
payment  in cash or by check of the amount of the full purchase price
of such shares or in such manner as the Board shall deem acceptable consistent
with the provisions of the Plan.

     

    (b)           No
shares shall be delivered upon exercise of this Option until all laws, rules and
regulations which the Board may deem applicable have been complied
with.  If a registration statement under the Act is not then in effect
with respect to the shares issuable upon such exercise, the Company may require
as a condition precedent., among other things (i) that the person exercising the
Option give to the Company a written representation and undertaking,
satisfactory in form and substance to the Company, that such person is acquiring
the shares for his own account for investment and not with a view to the
distribution thereof and/or (ii) an opinion of counsel satisfactory to the
Company with respect to the existence of an exemption from the registration
requirements of the Act, in which event the person(s) acquiring the Common Stock
shall be bound by the provisions of the following legend which shall be endorsed
upon the certificate(s) evidencing his option shares issued pursuant to such
exercise:

     

    “The
shares represented by this certificate have not been registered under the
Securities Act of 1933, as amended (the “Act”).  Such shares may not
be sold, transferred or otherwise disposed of unless they have first been
registered under the Act or, unless, in the opinion of counsel satisfactory to
the Company’s counsel, such registration is not required.”

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    (c)           Without
limiting the generality of the foregoing, the Company may delay issuance of the
shares of Common Stock underlying this Option until completion of any action or
obtaining of any consent, which the Company deems necessary under any applicable
law (including without limitation state securities or “blue sky”
laws).

     

    (d)           The
person exercising this Option shall not be considered a record holder of the
stock so purchased for any purpose until the date on which such person is
actually recorded as the holder of such stock in the records of the
Company.

     

    11.          No Continued
Employment.

     

    Nothing
herein shall be deemed to create any employment agreement or guaranty of
continued service as the employee or limit in any way the Company’s right to
terminate Optionee’s status as the employee at any time.

     

    12.          Notices.

     

    Any
notice required or permitted by the terms of this Agreement or the Plan shall be
given by registered or certified mail, return receipt requested, addressed as
follows:

     

    
      
        	
                To
      the Company:

              	 
      
	 
      	
                Iconix
      Brand Group, Inc.

              
	 
      	
                1450
      Broadway, 4th
      Floor

              
	 
      	
                New
      York, N.Y. 10018

              
	 
      	 
      
	
                To
      the Optionee:

              	 
      
	 
      	 
      

      

    

    or to
such other address or addresses of which notice in the same manner has
previously been given when mailed in accordance with the foregoing
provisions.  Either party hereto may change the address to which such
notices shall be given by providing the other party hereto with written notice
of such change.

     

    13.          Tax
Withholding.

     

    Not later
than the date as of which an amount first becomes includable in the gross income
of the Optionee or other holder for federal income tax purposes with respect to
this Option, the Optionee or other holder shall pay to the Company, or make
arrangements satisfactory to the Company regarding the payment of, any federal,
state and local taxes of any kind required by law to be withheld or paid with
respect to such amount.   The obligations of the Company under
this Agreement shall be conditional upon such payment or arrangements and the
Company shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment of any kind otherwise due to the holder of the option
from the Company or any of its subsidiaries.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    14.          Benefit of
Agreement.

     

    This
Agreement shall be for the benefit of and shall be binding upon the heirs,
executors, administrators and successors of the parties hereto.

     

    15.          Governing
Law.

     

    This
Agreement shall be construed and enforced in accordance with the law of the
State of New York,  except to the extent that the laws of the State of
Delaware may be applicable.

     

    
      
        	
                ICONIX
      BRAND GROUP,  INC.

              
	 
      
	
                By:

              	 
      
	 
      	
                Name:

              
	 
      	
                Title:

              

      

    

    

    
      
        
          
            	
                    Accepted
      as of the date

                    first
      set above.

                  
	 
      
	 
      	 
      
	
                    Signature
      required with return

                  
	
                    of
      document to the Company to

                  
	
                    formalize
      issuance of
agreement.

                  

          

        

      

    

    
      
         

      

      
        -5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]