Document:

EX-10.18

 Exhibit 10.18 
 Form of Deferred Stock Award for Directors 
 THE TJX COMPANIES, INC.

 STOCK INCENTIVE PLAN 
 DEFERRED STOCK AWARD FOR DIRECTORS 
 This certificate evidences the
award (the “Award”) made automatically to the non-employee director named below (the “Director”) on
[                        ] (the “Grant Date”) under Section 7(e) of the Stock Incentive Plan (the
“Plan”) of The TJX Companies, Inc. (the “Company”). The Award is subject to the terms and conditions of the Plan as from time to time amended, the provisions of which are incorporated by reference in this certificate. Terms
defined in the Plan are used in this certificate as so defined. 
 1. AWARD RECIPIENT: [    ] 

2. NATURE OF AWARD: The Award consists of two parts: an “Annual Deferred Stock Award” and an “Additional
Deferred Stock Award” as those terms are defined in the Plan (hereinafter, the “Annual Award” and “Additional Award,” respectively). The Company agrees to credit to an unfunded account maintained on the books of the
Company (the “Account”), in respect of each such portion of the Award, the number of shares of Stock specified in Section 3 plus such additional number of shares as may be determined under Section 4. The number of shares credited
to the Account and not forfeited, rounded up to the nearest whole share, shall be transferred to the Director (or, in the event of the Director’s death, to the Director’s beneficiary designated prior to death in a manner acceptable to the
Company, or, if no such beneficiary has been so designated, to the Director’s estate) (such designated beneficiary or the estate, as the case may be, being herein referred to as the Director’s “Beneficiary”) in accordance with
Sections 5 and 6, subject to the terms and conditions of the Plan and the Award. The Award is unfunded and unsecured, and the Director’s rights to any Stock hereunder shall be no greater than those of an unsecured general creditor of the
Company. The Award may not be assigned, transferred, pledged, hypothecated or otherwise disposed of, except for disposition at death as provided above. The Award does not entitle the Director to any rights as a shareholder with respect to any shares
of Stock subject to the Award, unless and until such shares of Stock have been transferred to the Director. The Award is intended to constitute a “non-qualified deferred compensation” arrangement that satisfies the requirements of
Section 409A of the Code, and shall be construed accordingly. 
 3. INITIAL CREDITS TO ACCOUNT: The number of shares of
Stock to be credited to the Account, subject in each case to the terms and conditions of the Plan and the Award, is as follows: 
 (a) Under the Annual Award portion of the Award, [        ] shares shall be credited to the Account on the Grant Date. The portion of the Account reflecting this
Annual Award credit is hereinafter referred to as the “Annual Award Sub-Account.” 
 (b) Under the
Additional Award portion of the Award, [        ] shares shall also be credited to the Account. The portion of the Account reflecting this Additional Award credit is hereinafter referred to as the
“Additional Award Sub-Account.” 

 Form of Deferred Stock Award for Directors 

 

 4. DIVIDEND AWARDS: As of (a) the date of each annual meeting of the shareholders
of the Company (if immediately prior thereto the Director was a member of the Board) and (b) the date (if other than the date of an annual meeting) on which the Director ceases to be a member of the Board, (each such relevant date, a
“dividend crediting date”) there shall be credited to each of the Annual Award Sub-Account and the Additional Award Sub-Account the number of additional shares of Stock equal to (x) plus (y), divided by (z), where: 

 

	 	(x)	is the product obtained by multiplying (i) the number of shares then allocated to the Annual Award Sub-Account or the Additional Award Sub-Account, as the case may
be, (disregarding in each case, for purposes of this clause (x), any shares credited to such Sub-Account since the date of the immediately preceding annual meeting) by (ii) the aggregate per-share amount of dividends for which the record
date occurred since the date of the immediately preceding annual meeting; 

  

	 	(y)	is the product obtained by multiplying (i) the number of shares first credited to the Annual Award Sub-Account or the Additional Award Sub-Account, as the case may
be, since the date of the immediately preceding annual meeting but prior to such dividend crediting date by (ii) the aggregate per-share amount of dividends for which the record date occurred since the date that such shares were credited to
such Account; and 

  

	 	(z)	is the Fair Market Value of one share of Stock on such dividend crediting date. 

 5. VESTING: The Director’s Annual Award Sub-Account shall be fully vested at all times. The Director’s Additional Award Sub-Account shall vest on the date immediately preceding the date of the
annual meeting next succeeding the Grant Date (if the Director is then a member of the Board) or, if earlier, immediately prior to a Change of Control. Immediately upon the Director’s ceasing to be a member of the Board for any reason, any
portion of the Director’s Account that was not then vested shall be forfeited. 
 6. ANNUAL AWARD SUB-ACCOUNT – DATE
OF DELIVERY: Shares of Stock equal in number to the shares credited to the Director’s Annual Award Sub-Account (rounded up to the nearest whole share) shall be transferred by the Company to the Director (or, in the event of the Director’s
death, to the Director’s Beneficiary) as soon as practicable after and in all events within [    ] business days after the date on which the Director ceases for any reason to be a member of the Board; provided, that
in the event of an earlier Change of Control, there shall instead be delivered to the Director (or, in the event of the Director’s death, to the Director’s Beneficiary), immediately prior to the Change of Control. 

 Form of Deferred Stock Award for Directors 

 

 7. ADDITIONAL AWARD SUB-ACCOUNT – DATE OF DELIVERY: Shares of Stock equal in number
to the shares credited to the Director’s Additional Award Sub-Account (rounded up to the nearest whole share), if vested, shall be transferred by the Company to the Director (i) the day following the date of vesting pursuant
to Section 5 above, or (ii) immediately prior to a Change of Control, whichever is earlier; provided, that if the Director has timely elected a deferral of any portion of his Additional Award Sub-Account, such portion (if vested)
shall instead be paid in accordance with Section 8. 
 8. ELECTION TO DEFER: The Director may elect to have payment of the
vested balance, if any, of his Additional Award Sub-Account made at the same time as payment of his Annual Award Sub-Account pursuant to Section 6 in lieu of the payment terms described in Section 7. Any such election must be made no later
than December 31 of the calendar year preceding the calendar year in which such Award is granted or at such other time as is necessary to satisfy the requirements of Section 409A, as determined by the Administrator. Each such election
shall be in a form acceptable to the Administrator. 
 9. ADJUSTMENTS: The Award and the shares of Stock subject to the Award
are subject to adjustment as provided in Section 3 of the Plan. 
 10. WITHHOLDING: The Director or Beneficiary shall, no
later than the date on which any share of Stock is transferred to the Director or Beneficiary and as a condition to such transfer, pay to the Company in cash, or make arrangements satisfactory to the Committee regarding payment of, any Federal,
state, or local taxes of any kind required by law to be withheld with respect to such income. If any taxes are required to be withheld prior to such transfer of such share of Stock (for example, upon the vesting of the right to receive such share),
the Company may require the Director or Beneficiary to pay such taxes timely in cash by separate payment, may withhold the required taxes from other amounts payable to Grantee or Beneficiary, or may agree with the Director or Beneficiary on other
arrangements for the payment of such taxes, all as the Company determines in its discretion. 
 11. SECTION 83(b) NOT
APPLICABLE: Because the Award does not give to the Directors a present ownership right in any Stock, but only a conditional right to acquire shares of Stock in the future, the Director shall not be entitled to make a so-called “83(b)
election” with respect to the shares of Stock subject to the Award. 
  

			
	THE TJX COMPANIES, INC.EX-10.19

 Exhibit 10.19 
 DESCRIPTION OF DIRECTOR COMPENSATION ARRANGEMENTS 
 Compensation of Directors who are
Employees of the Company 
 Directors who are employees of TJX are not paid for their service as a director. 

Compensation of Non-Employee Directors 
 For fiscal 2013, we paid our non-employee directors as follows: 
  

	 	•	 	 Annual retainer of $50,000 for each director. 

  

	 	•	 	 Additional annual retainer of $10,000 for each Committee chair. 

 

	 	•	 	 Additional annual retainer of $70,000 for the Lead Director. 

 

	 	•	 	 Fee of $1,500 for each Board meeting attended (each day of a multiple day Board meeting is treated as a separate Board meeting with respect to this
fee). 

  

	 	•	 	 Fee of $2,000 for each Committee meeting attended as a Committee member or $2,500 for each regularly scheduled Committee meeting attended as Committee
chair (other than, in each case, the Executive Committee). 

  

	 	•	 	 Two annual deferred stock awards, each representing shares of our common stock valued at $62,500. 

Payment of fees for attendance at special meetings of the Board or committees is at the discretion of the Chairman of the Board or the
Lead Director, taking into consideration such matters as deemed relevant by the Chairman of the Board or the Lead Director, as applicable, such as the length of the meeting and preparation time required. Employee directors do not receive separate
compensation for their service as directors. The Executive Committee does not receive the committee-specific compensation. Directors are reimbursed for customary expenses for attending Board and committee meetings. The deferred stock awards (and
deferred dividends on those awards) are granted under our SIP. One of the deferred stock awards vests immediately and is payable with accumulated dividends in stock at the earlier of separation from service as a director or change of control. The
second award vests at the annual meeting next following the award, based on service as a director for that year, and is payable with accumulated dividends in stock upon vesting or, if an irrevocable advance election is made, at the same time as the
first award. In the event that a non-employee director separates from service as a director prior to vesting in the second award, such award will be forfeited.
 Directors may defer their retainers and fees by participating in our Executive Savings Plan (ESP), a non-qualified deferred compensation plan, under which amounts deferred earn a return based on notional
investments in mutual funds or other market investments. Participating directors may select a distribution date earlier than retirement from the Board, but no earlier than January 1st of the second year following the year of the deferral.
Prior to January 1, 2008, our non-employee directors were eligible to defer their retainers and fees in our GDCP, under which amounts deferred earn interest at a periodically adjusted market-based rate. Amounts deferred under the GDCP on or
after January 1, 2005 will be distributed under the terms of the ESP, as described above. Amounts deferred under the GDCP prior to January 1, 2005 will be paid on leaving the Board. We do not provide retirement or insurance benefits for
our non-employee directors. 
 The amount of each annual deferred stock award has been increased to $70,000 for fiscal year
2014; all other director compensation remains the same.

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