Document:

EX-10.4

 Exhibit 10.4 

EXECUTION COPY 

CONSULTING AGREEMENT 

Agreement made this 18th day of July, 2017 by and between BARNES & NOBLE, INC., a Delaware limited liability company having its
principal place of business at 122 Fifth Avenue, New York, New York 10011 (“B&N”), and David Deason, having a principal place of business at
                              
           (“Consultant”). 
 1. Scope
of Work. All work to be performed by Consultant shall be documented in a Statement of Work (“SOW”) signed by each party, which SOW shall be incorporated into and become part of this Agreement (such work, collectively, the
“Services”). SOWs will be substantially in the form attached hereto as Exhibit 1 and will be numbered sequentially for identification. Consultant will use Consultant’s own hardware and property for all work related to this project. In
the event that B&N delivers any hardware or property to Consultant in order for Consultant to use in connection with the provision of the Services (for example, laptop, e-reader, badge, or other devices,
or property), then Consultant will return said hardware and property to B&N the earlier of upon request or the termination of this Agreement. 
 2.
Compensation/Expenses. B&N shall pay Consultant for Services as requested by B&N and rendered by Consultant as set forth on the SOW. Both time and materials and fixed price SOWs may be entered into hereunder. B&N shall also
reimburse Consultant for travel (except local commuting) and other reasonable and necessary out-of-pocket expenses incurred by or on behalf of Consultant in connection
with the Services performed hereunder; however, out of the ordinary course expenses shall be subject to prior written approval by B&N. Consultant shall provide reasonable documentation to employer regarding any expenses. Consultant is
responsible for all taxes on compensation related to this Agreement. 
 3. Invoices/Payment. Consultant shall furnish B&N with invoices itemizing
in reasonable detail the Services performed, time spent, and amount owed for fees and expenses. B&N agrees to pay Consultant within 30 days after receipt of each invoice except for any disputed invoices and both parties agree to work in good
faith to endeavor to resolve any such disputes. B&N reserves the right not to pay any invoice that fails to comply with these requirements. 
 4.
Personnel. The Services shall be performed by Consultant personally and not subcontracted. 
 5. Proprietary Rights. B&N shall own all
right, title and interest in and to the documents, information, ideas, techniques, inventions, processes and materials created by Consultant in connection with the performance of Services under this Agreement or arising from such Services
(collectively, “Works”). Consultant hereby automatically assigns to B&N, at the time of creation of the Works and without any requirement of further consideration, all right, title and interest (including all patent rights, copyrights,
trade secrets and other intellectual property rights in and to such Works). To the extent possible, such Works shall be considered a “work made for hire” for B&N within the meaning of Title 17 of the United States Code. Consultant
agrees to fully cooperate with B&N to enable B&N to obtain patent, trademark, service mark and/or trade name registration or copyright protection therefor and to otherwise protect B&N’s rights in the Works including without
limitation execution and delivery of instruments of conveyance, as may be appropriate to give full and proper effect to such assignment. Nothing herein shall be construed to restrict, impair or deprive Consultant of any of its rights or proprietary
interest in technology or products that existed prior to and/or independent of the performance of services or provision of materials under any SOW. 
 6.
Confidentiality. In connection with the Services to be performed hereunder, B&N may disclose technical, financial, business or other information which is confidential, proprietary and constitutes valuable trade secrets of B&N.
Consultant will use such information solely for the purposes of performing Services in accordance with this Agreement. Consultant will hold all such information and all information generated in performance of the Services in strict confidence
indefinitely (even beyond the term and termination of this Agreement) and will not disclose such information without prior authorization from B&N’s Chief Executive Officer, CFO, or the General Counsel. Consultant shall not use the name or
any trademark of B&N in any manner, including, without limitation, in any press release or other advertising materials, without the prior written consent of B&N. 

7. Warranties. Consultant warrants that he/she is not bound by any agreement with any current or former employer or other party that would prevent
him/her from fully performing hereunder. Consultant further warrants that neither Services performed hereunder nor Works produced hereunder will infringe or otherwise violate the legal rights of any party, and warrants that his/her performance of
the Services shall comply with all applicable laws and regulations. Consultant warrants 

 
that all Services will be performed in a competent, professional, and workmanlike manner. Consultant warrants that he/she is authorized to perform Services in the United States. Consultant will
defend, indemnify and hold B&N harmless against and from all claims, damages, injuries, cost, expenses and losses arising out of Consultant’s breach of a breach of the obligations of Confidentiality in paragraph 6, as well as the Warranties
in this paragraph 7. 
 8. Term. This Agreement shall become effective as of the date first shown above and will continue in full force and effect
for one year unless and until terminated as provided hereunder; provided that the term of each SOW shall be listed thereon. Unless explicitly set forth to the contrary in any SOW, B&N may, at its sole option, terminate this Agreement or any SOW,
or any portion thereof, upon giving five (5) business days written notice to Consultant. Upon receipt of such notice, Consultant shall advise B&N of the extent to which performance has been completed through such date, and collect and
deliver to B&N whatever work product then exists in the manner requested by B&N, but in no event later than ten (10) business days from such notice. Consultant shall be paid for all work performed through the date of termination. If B&N,
in advance of services performed, has made any advanced payments to Consultant, Consultant shall refund B&N in respect of such services that have not been performed by Consultant. Upon termination or completion of performance, or at any time
prior thereto upon B&N’s request, Consultant shall return to B&N all documentary information or materials, including all copies in all medium, received from B&N or generated by Consultant during the term of this Agreement in
performance of the Services. 
 9. Independent Contractor. Consultant is an independent contractor and nothing contained herein shall be deemed to
make him/her an employee of B&N. Consultant does not have the authority to represent or bind B&N in any manner and agrees not to hold him/herself out as having that authority. Consultant is not entitled to participate in any of the
Company’s benefits plans, and expressly waives such participation, even if his/her employment is reclassified by any government agency or agency or court. 

10. Governing Law/Severability. This Agreement shall be governed by the laws of the State of New York. If any provision of this Agreement is determined
to be invalid or unenforceable by a court of competent jurisdiction, such determination shall not affect the validity or enforceability of any other provision of this Agreement. 

11. Assignment. The rights of Consultant hereunder shall not be assigned or transferred without B&N’s prior written consent.

 12. Entire Agreement. This Agreement sets forth the entire understanding between the parties and supersedes any oral negotiations and prior
writing with respect to the subject matter hereof. This Agreement may not be amended except in writing signed by them. The provisions of Paragraphs 5 through 7 will survive the expiration or termination of this Agreement. 

13. Non-Solicit; Non-compete. Without the prior written consent
of B&N, Consultant shall not recruit or hire any employee of B&N who is or has been assigned to assist or work with any employee of Consultant until one (1) year after the completion or termination of work on any SOW. Consultant
acknowledges that services performed for B&N may relate to past, present or future strategies, plans, business activities, methods, processes and/or information which afford B&N certain competitive or strategic advantages. To further ensure
the protection of B&N’s interests in this regard, Consultant agrees during the term of this Agreement and for a period of six (6) months thereafter, Consultant shall not perform or agree to perform services or provide materials or
information, directly or indirectly, for or in support of any Competitor of B&N. “Competitor” shall mean Amazon.com and any entity whose principal business is the retail sale of books, including, without limitation, Books a Million.
Each party acknowledges and agrees that, in the event of a breach or threatened breach of this paragraph 13, the aggrieved party will have no adequate remedy in damages and, accordingly, shall be entitled to injunctive relief against such breach or
threatened breach; provided, however, that no specification of a particular legal or equitable remedy shall be construed as a waiver, prohibition or limitation of any legal or equitable remedies in the event of a breach hereof. 

IN WITNESS WHEREOF, the parties have executed this Agreement as if the date first written above. 

 

									
	 BARNES & NOBLE, INC.
  
	 		 	 CONSULTANT
  

					
	 By:
  
	 	 

  
	 		 	 By:
  
	 	 

  

		 	  
 Name: Bradley A. Feuer
	 		 		 	  
 Name: David Deason

		 	Title: Vice President, General Counsel	 		 		 	SS#:
                                   
 

 Statement of Work No. 1 

 

					
	 Consultant:
	 	David Deason	  	
	 Address:
	 		  	
			
	 Telephone:
	 		  	
	 Date:
	 	July 18, 2017	  	

 This Statement of Work is issued pursuant to the Consulting Agreement, dated July 18, 2017 (“Agreement”)
between BARNES & NOBLE, INC. and the above-named Consultant. Any term not otherwise defined herein, shall have the meaning specified in the Agreement. Set forth below is a complete description of the services, deliverables and/or other
tasks to be accomplished, milestones / schedule of services, the charges and/or rates applicable to this SOW and other mutually agreeable information: 

Nature and Scope of Services: David Deason (Consultant) will provide analysis, review, negotiation, and strategic management for
Barnes & Noble’s existing store portfolio/real estate as well as identifying and developing new store opportunities. Recommendations for extensions and renewals will be communicated to appropriate B&N Real Estate contacts, and
documentation will be delivered to Jean Rouda or other Lease Administration contacts for processing as needed. New store development opportunities will be presented to Demos Parneros (CEO) or the then current Vice President of Development (or
equivalent position) for approval. 
 Unless otherwise agreed in writing by the parties, Consultant will provide services only for the following geographic
areas: Texas, Oklahoma, Kansas, Nebraska, South Dakota, North Dakota, Wyoming, Montana, Colorado, New Mexico, Arizona, Utah, Idaho, Washington, Oregon, Nevada, California. 

In addition David Deason will provide advisory services to the other members of the B&N Real Estate team as needed and as requested. 

Term: Commencing July 18, 2017 and terminating the latter of a) 30 days after receipt of written notice from either party or b) December 31,
2017. Notwithstanding any other provision set forth in the Agreement, Consultant shall be guaranteed payment through December 31, 2017. 
 Fee:
$35,000 monthly (pro-rated for any partial month) 
 Expenses: Travel expenses related to performing the
above services will be billed to B&N and reimbursed to David Deason in accordance with the terms set forth in the Consulting Agreement. 
 COBRA
coverage: Consultant’s employment with B&N terminated July 17, 2017. If Consultant elects COBRA coverage during the term of this SOW following such termination, B&N shall guarantee Consultant with the subsidized employee COBRA
rate through December 31, 2017 
 IN WITNESS WHEREOF, the parties hereto have executed this SOW to the Agreement as of
the date first above written. 
  

									
	BARNES & NOBLE, INC.	  		  	CONSULTANT
					
	By:	  	

	  		  	

	  	 
		  	Name: Bradley A. Feuer	  		  	David Deason
		  	Title: Vice President, General CounselEX-10.5

 Exhibit 10.5 
  

 
 PERFORMANCE-BASED STOCK UNIT AWARD AGREEMENT 

Issued Pursuant to the 

Barnes & Noble, Inc. Amended and Restated 2009 Incentive Plan 

THIS PERFORMANCE-BASED STOCK UNIT AWARD AGREEMENT (“Agreement”), effective as of the grant date (“Grant Date”) set forth
in the Grant Acceptance, represents the grant of such target number of performance-based stock units set forth in the Grant Acceptance, subject to performance-based vesting criteria (“PSUs”) set forth in the PSU Certificate, by
Barnes & Noble, Inc. (the “Company”), to the person named in the Grant Acceptance (the “Participant”), subject to the terms and conditions set forth below, and the provisions of the Barnes & Noble, Inc. Amended
and Restated 2009 Incentive Plan adopted by the Company’s Board of Directors on July 16, 2012 and approved by the Company’s stockholders on September 11, 2012 (the “Plan”). 

All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein. The parties hereto
agree as follows: 
 1. Grant of PSUs. The Company hereby grants to the Participant the target number of PSUs set forth in the
Grant Acceptance. The portion of the PSUs that will vest based on the attainment of certain financial goals (the “Performance Metrics”) during a specific period of time (the “Performance Period”) under a specified vesting formula
(including the maximum number of PSUs that are eligible to vest), each of which is set forth in the PSU Certificate, shall be determined by the Committee. Following the end of the Performance Period, the Committee shall certify the level of
attainment of the Performance Metrics and the PSUs vested as a result thereof. 
 2. Vesting Period and Settlement.
(a) In General. Subject to the terms of this Agreement and the Plan, PSUs granted hereunder are eligible to vest as indicated in the PSU Certificate at the end of the Performance Period. For such vesting to occur at the end of the
Performance Period, the Participant must be continuously employed by the Company or any of its Affiliates from the Grant Date through the end of the Performance Period. Except as set forth in Section 6 or Section 12 below, if the
Participant’s employment terminates before the end of the Settlement Date, all PSUs granted hereunder as of the date of termination of employment shall be forfeited. 

(b) Vesting. Except as set forth in Section 6 or Section 12 below, in no event shall a Participant have any rights to the
Shares underlying the PSUs granted hereunder prior to the date such PSUs vest pursuant to the vesting schedule set forth in the PSU Certificate and the PSUs are settled. 

(c) Settlement. Within 60 days after the end of the Performance Period, the Committee shall determine and certify in writing
(1) whether and to what extent the Performance Metrics have been achieved and (2) based on the achievement of such Performance Metrics, the number of PSUs that have vested, in each case, in accordance with the PSU Certificate. Not later
than the 15th day of the third month following the end of the Performance Period (or such earlier date on which the PSUs vest in accordance with Section 6 or Section 12 below (such date, the “Settlement Date”)), the Company shall
deliver to the Participant one Share, or the equivalent value in cash, other property or any combination thereof, as determined in the sole discretion of the Committee at the time of such payment, for each PSU that vested in accordance with the PSU
Certificate and the terms of this Agreement and the Plan, subject to Section 10 below relating to tax withholding. 
 3. No
Voting Rights. No PSUs granted hereunder shall have any voting rights accorded to the underlying Shares. Each PSU constitutes an unfunded and unsecured promise of the Company to deliver to the Participant a Share (or the equivalent value
thereof). 

  
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 4. Dividend Equivalent Rights. (a) Cash Dividends. The Participant
shall be entitled to receive an amount in cash equal to any cash dividends paid with respect to the number of Shares underlying these PSUs granted hereunder. Any such cash dividends shall not be distributed to the Participant unless, until and
except to the extent that the Performance Metrics applicable to these PSUs are achieved or are otherwise deemed satisfied. 
 (b) Non-Cash Dividends. Any stock dividends or other distributions or dividends of property other than cash with respect to the Shares underlying these PSUs granted hereunder shall be subject to the same forfeiture
restrictions and restrictions on transferability as apply to the PSUs with respect to which such property was paid. 
 5.
Nontransferability. (a) In General. Except as may be provided in Section 5(b) below, these PSUs granted hereunder may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or
by the laws of descent and distribution, except as provided in the Plan. No assignment or transfer of any PSUs in violation of this Section 5, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of
descent and distribution or as otherwise required by applicable law, shall vest in the assignee or transferee any interest whatsoever. 

(b) Transfers with the Consent of the Committee. With the consent of the Committee, a Participant may assign or transfer unvested PSUs
to the Participant’s spouse, domestic partner and/or children (and/or trusts and/or partnerships established for the benefit of the Participant’s spouse, domestic partner and/or children or in which the Participant is a beneficiary or
partner) (each transferee thereof, a “Permitted Assignee”); provided, however, that such Permitted Assignee(s) shall be bound by and subject to all of the terms and conditions of the Plan, the PSU Certificate and this
Agreement relating to the transferred PSUs and shall execute an agreement satisfactory to the Company evidencing such obligations; and provided further that such Participant shall remain bound by the terms and conditions of the Plan
and this Agreement. Notwithstanding the foregoing, in no event shall the PSUs (or any rights and obligations thereunder) be transferred to a third party in exchange for value unless such transfer is specifically approved by the Company’s
stockholders. The Company shall cooperate with any Permitted Assignee and the Company’s transfer agent in effectuating any transfer permitted under this Section 5(b). 

6. Termination. (a) Death. In the event a Participant dies while employed by the Company or any of its Affiliates, a
number of PSUs equal to the target number of PSUs awarded shall immediately vest in the estate of such Participant or in any person who acquired such PSUs by bequest or inheritance, or by the Permitted Assignee. References in this Agreement to a
Participant shall include any person who acquired PSUs from such Participant by bequest or inheritance. 
 (b) Disability. In the
event a Participant ceases to perform services of any kind for the Company or any of its Affiliates due to permanent and total disability, a number of PSUs equal to the target number of PSUs awarded shall immediately vest in the Participant, or his
guardian or legal representative, or a Permitted Assignee, as of the first date of permanent and total disability (as determined in the sole discretion of the Committee). For purposes of this Agreement, the term “permanent and total
disability” means the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or which has lasted or can be expected to
last for a continuous period of not less than 12 months, and the permanence and degree of which shall be supported by medical evidence satisfactory to the Committee. Notwithstanding anything to the contrary set forth herein, the Committee shall
determine, in its sole and absolute discretion, (1) whether a Participant has ceased to perform services of any kind due to a permanent and total disability and, if so, (2) the first date of such permanent and total disability. 

7. Administration. (a) Generally. This Agreement and the rights of the Participant hereunder are subject to all the
terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to
administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant and Permitted Assignees. Any inconsistency between this Agreement (on
the one hand) and the Plan (on the other hand) shall be resolved in favor of the Plan. 

  
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 (b) Conflicts. The order of precedence as between the Plan, this Agreement and any written
employment agreement between the Participant and the Company shall be as follows: If there is any inconsistency between (i) the terms of this Agreement (on the one hand) and the terms of the Plan (on the other hand); or (ii) any such
written employment agreement (on the one hand) and the terms of the Plan (on the other hand), the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement or the written employment agreement (as the case may
be). If there is any inconsistency between the terms of this Agreement (on the one hand) and the terms of Participant’s written employment agreement, if any (on the other hand), the terms of this Agreement shall completely supersede and replace
the conflicting terms of the written employment agreement unless such written employment agreement was approved by the Committee, in which event such written employment agreement shall completely supersede and replace the conflicting terms of this
Agreement. 
 8. Adjustments. The number of PSUs granted hereunder shall be subject to adjustment in accordance with Sections
10.3 and 12.2 of the Plan. 
 9. Exclusion from Other Computations. By acceptance of these PSUs granted hereunder, the
Participant hereby agrees that any income or gain realized upon the receipt or settlement of the PSUs, or upon disposition of any Shares received upon settlement, is special incentive compensation and shall not be taken into account, to the extent
permissible under applicable law, as “wages,” “salary” or “compensation” in determining the amount of any payment under any pension, retirement, incentive, profit sharing, bonus, severance, or deferred compensation plan
of the Company or any of its Affiliates. 
 10. Withholding Taxes. The Company shall have the right to withhold from wages or
other amounts otherwise payable to the Participant (or a Permitted Assignee thereof), or otherwise require the Participant or Permitted Assignee to pay, any federal, state, local or foreign income taxes, withholding taxes, or employment taxes
required to be withheld by law or regulations (“Withholding Taxes”) arising as a result of the grant or vesting of PSUs, the transfer of any PSUs or any other taxable event occurring pursuant to the Plan or this Agreement. If,
notwithstanding the foregoing, the Participant (or Permitted Assignee) shall fail to actually or constructively make such tax payments as are required, the Company (or its Affiliates) shall, to the extent permitted by law, have the right to deduct
any such Withholding Taxes from any payment of any kind otherwise due to such Participant or Permitted Assignee or to take such other action as may be necessary to satisfy such Withholding Taxes. In satisfaction of the requirement to pay Withholding
Taxes, the Company, in its sole discretion, may elect to satisfy the obligation for Withholding Taxes by retaining a sufficient number of Shares that it would otherwise deliver on a particular Settlement Date equal to the amount of any Withholding
Taxes due on such Settlement Date. Notwithstanding the foregoing discretion, the Company shall satisfy the obligation for Withholding Taxes by retaining a sufficient number of Shares that it would otherwise deliver on a particular Settlement
Date equal to the amount of any Withholding Taxes due on such Settlement Date. For purposes of the preceding two sentences, where the Company is to retain Shares to satisfy the obligation for Withholding Taxes, the net amount of Shares to be
delivered to the Participant on a Settlement Date shall equal the total number of Shares otherwise deliverable to the Participant on such Settlement Date, less such number of Shares having an aggregate Fair Market Value equal to the amount of such
Withholding Taxes (as determined in the Committee’s sole discretion). 
 11. Registration; Legend. The Company may
postpone the issuance and delivery of any Shares upon settlement of these PSUs granted hereunder until (a) the admission of such Shares to listing on any stock exchange or exchanges on which Shares of the Company of the same class are then
listed and (b) the completion of such registration or other qualification of such Shares under any state or federal law, rule or regulation as the Company shall determine to be necessary or advisable. The Participant shall make such
representations and furnish such information as may, in the opinion of counsel for the Company, be appropriate to permit the Company, in light of the then existence or non-existence with respect to such Shares
of an effective Registration Statement under the Securities Act of 1933, as amended, to issue the Shares in compliance with the provisions of that or any comparable act. 

  
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 The Company may cause the following or a similar legend to be set forth on each certificate
representing Shares issuable upon settlement of these PSUs granted hereunder unless counsel for the Company is of the opinion as to any such certificate that such legend is unnecessary: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE SUBJECT TO FORFEITURE AND OTHER LIMITATIONS AND RESTRICTIONS AS SET FORTH IN A
PERFORMANCE-BASED STOCK UNIT AWARD AGREEMENT ON FILE WITH THE COMPANY. IN ADDITION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS ESTABLISHED BY AN OPINION FROM COUNSEL TO THE COMPANY. 

12. Change of Control. (a) In the event of a Change of Control of the Company, unless the Committee, in its sole
discretion, determines otherwise, , the Performance Metrics set forth in the PSU Certificate applicable to these PSUs granted hereunder shall cease to apply to these PSUs and be deemed achieved at the greater of the target level performance or the
actual level of performance, as determined by the Committee, in its sole discretion, and the number of PSUs based on such performance level shall vest and be settled on the last day of the Performance Period, subject to the Participant’s
continuous employment by the Company or any of its Affiliates from the date of the Change of Control through the end of the Performance Period. 

(b) Notwithstanding the foregoing, in the event of a termination of the Participant’s employment by the successor company following such
Change of Control, these PSUs granted hereunder or any award substituted therefor held by such Participant at the time of the Change of Control shall vest as of the day immediately preceding the date of termination unless the termination was made by
the successor company for cause. For purposes of this Agreement, “cause” shall mean either (i) material failure by the Participant to perform his or her duties (other than as a result of incapacity due to physical or mental illness)
during his or her employment with the Company after written notice of such breach or failure and the Participant failed to cure such breach or failure to the Company’s reasonable satisfaction within five days after receiving such written
notice; or (ii) any act of fraud, misappropriation, misuse, embezzlement or any other material act of dishonesty in respect of the Company or its funds, properties, assets or other employees. 

13. Recoupment. The Committee may, in its sole discretion, direct that the PSUs be cancelled or that the Company recoup, and
upon demand by the Company, the Participant agrees to return to the Company, any gain realized under a previously paid PSU if (a) the Participant, without the consent of the Company, while employed by or providing services to the Company or any
of its Affiliates, (i) violates a non-competition, non-solicitation or non-disclosure agreement, (ii) engages in fraud
or other conduct contributing to any financial restatements or irregularities or (iii) to the extent applicable to the Participant, otherwise violates any policy adopted by the Company or any of its Affiliates relating to the recovery of
compensation granted, paid, delivered, awarded or otherwise provided to the Participant by the Company or any of its Affiliates as such policy is in effect on the date of grant of the PSUs or, to the extent necessary to address the requirements of
applicable law (including Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as codified in Section 10D of the Exchange Act, Section 304 of the Sarbanes-Oxley Act of 2002 or any other applicable
law), as may be amended from time to time or (b) if a financial restatement reduces the amount that would have been earned under such PSU. The amount to be recouped shall be determined by the Committee in its sole discretion but shall not
exceed the Fair Market Value of the PSUs that vested under this Agreement. If after a demand for recoupment under this Section 13, the Participant fails to return any amount paid by the Company, the Participant acknowledges that the Company has
the right to effect the recovery, from other owed compensation, of the amount paid and the amount of its court costs, attorneys’ fees and other costs and expenses incurred in connection with enforcing this Agreement. 

  
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 14. Miscellaneous. (a) No Right to Employment. This Agreement shall not
confer upon the Participant any right to continuation of employment by the Company, nor shall this Agreement interfere in any way with the Company’s right to terminate the Participant’s employment at any time. 

(b) Successors. All obligations of the Company under the Plan and this Agreement, with respect to these PSUs granted hereunder, shall
be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise, of all or substantially all of the business and/or assets of the Company. 

(c) Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 (d) Consent to
Board or Committee Action. By accepting this grant of PSUs, the Participant and each person claiming under or through the Participant shall be conclusively deemed to have indicated their acceptance and ratification of, and consent to, any action
taken under the Plan by the Company, the Board or the Committee. 
 (e) Amendment. The Committee may, with the consent of the
Participant, at any time or from time to time amend the terms and conditions of this grant of PSUs. In addition, the Committee may at any time or from time to time amend the terms and conditions of this grant of PSUs in accordance with the Plan.

 (f) Governmental Approvals. This Agreement shall be subject to all applicable laws, rules and regulations, and to such approvals
by any governmental agencies or national securities exchanges as may be required. 
 (g) Governing Law. To the extent not preempted
by federal law, this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware. 
 (h)
Compliance with Code Section 409A. The settlement of these PSUs granted hereunder is intended to comply with Code Section 409A, and this Agreement shall be interpreted, operated and administered consistent with this
intent. Notwithstanding the preceding, the Company makes no representations concerning the tax consequences of this Agreement under Code Section 409A or any other federal, state, local, foreign or other taxes. Tax consequences will depend, in
part, upon the application of the relevant tax law to the relevant facts and circumstances. The Participant should consult a competent and independent tax advisor regarding the tax consequences of this Agreement. 

(i) Section 162(m). To the extent the Committee determines it is desirable with respect to the PSUs, all payments under this Agreement
shall be intended to constitute “qualified performance-based compensation” within the meaning of Section 162(m) of the Code. This Award shall be construed and administered in a manner consistent with such intent. 

(j) Waiver of Trial by Jury. The Participant, every person claiming under or through the Participant, and the Company hereby waives to
the fullest extent permitted by applicable law any right to a trial by jury with respect to any litigation directly or indirectly arising out of, under or in connection with the Plan or this Agreement. 

(k) Exculpation. These PSUs granted hereunder and all documents, agreements, understandings and arrangements relating hereto have been
issued on behalf of the Company by officers acting on its behalf and not by any person individually. None of the Directors, officers or stockholders of the Company nor the Directors, officers or stockholders of any Affiliate of the Company shall
have any personal liability hereunder or thereunder. The Participant shall look solely to the assets of the Company for satisfaction of any liability of the Company in respect of these PSUs granted hereunder and all documents, agreements,
understandings and arrangements relating hereto and will not seek recourse or commence any action against any of the Directors, officers or stockholders of the Company or any of the Directors, officers or stockholders of any Affiliate, or any of
their personal assets, for the performance or payment of any obligation hereunder or thereunder. The foregoing shall also apply to any future documents, agreements, understandings, arrangements and transactions between the parties hereto with
respect to these PSUs granted hereunder. 

  
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 (l) Captions. The captions in this Agreement are for convenience of reference only, and
are not intended to narrow, limit or affect the substance or interpretation of the provisions contained herein. 
 (m) Notices. Any
notice that either party hereto may be required or permitted to give to the other shall be in writing, and may be delivered personally or by mail, postage prepaid or overnight courier, addressed as follows: if to the Company, at its office at 122
Fifth Avenue, New York, NY 10011, Attn: Human Resources, or at such other address as the Company by notice to the Participant may designate in writing from time to time; and if to the Participant, at the Participant’s home or such other address
as the Participant by notice to the Company may designate in writing from time to time. Notices shall be effective upon receipt. 

  
 6

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