Document:

Form of Stock Award Agreement for CEO

 Exhibit 10.4 
 Award No.              
 THE GAP, INC. 

STOCK AWARD AGREEMENT1

 The Gap, Inc. (the “Company”) hereby grants to
                     (the “Employee”), an award (the “Award”) of Performance Units (each Performance Unit shall be
referred to as a “Stock Award”) which represent the right to receive shares of the Company’s common stock, $0.05 par value (the “Shares”) subject to the fulfillment of the vesting conditions and other conditions set forth in
the attached Appendix A. This Award is granted pursuant to The Gap, Inc. 2006 Long-Term Incentive Plan (the “Plan”) and is subject to all of the terms and conditions contained in this Stock Award Agreement (the “Agreement”),
including the terms and conditions contained in the attached Appendix A. The date of this Agreement is                     . Subject to the
provisions of Appendix A and of the Plan, the principal features of this Award are as follows: 
  

			
	 Number of Stock Awards:
	  	 ________

		
	 Date of Grant:
	  	 ________

		
	 Date(s) Stock Awards
 Scheduled to Vest:
	  	 ________

 As provided in the Plan and in this Agreement, this Award may terminate before the scheduled vest date(s) of the
Stock Awards. For example, if Employee’s employment as Chief Executive Officer ends before the date this Award vests, this Award will terminate at the same time as such termination. Important additional information on vesting and forfeiture of
the Stock Awards covered by this Award including those due to changes in employment is contained in paragraphs 3 through 5 of Appendix A. 
 IN WITNESS
WHEREOF, the Company and the Employee have executed this Agreement, in duplicate, to be effective as of the date first above written. 
  

					
		 		 	 THE GAP, INC.

			
	 Dated:
                    
	 		 	   
		 		 	 Robert Fisher

		 		 	 Chairman of the Board

 My signature below indicates that I understand that this Award is 1) subject to all of the terms and conditions of
this Agreement (including the attached Appendix A) and of the Plan, 2) not considered salary, nor is it a promise for future grants of Stock Awards, 3) not a term or condition of my employment with the Company, and 4) made at the sole discretion of
the Company. 
  

									
		 		 	 EMPLOYEE

				
	 Dated:
                    
	 		 	 Signature:
	 	  
					
		 		 		 	 Address:
	 	  
					
		 		 		 		 	  
					
		 		 		 		 	  

									
					
		 		 		 	 Social Security No.:
	 	  
		 		 		 	 (Or National ID)
	 	

  

	1	STOCK AWARDS GRANTED BY THE GAP, INC. ARE GOVERNED SOLELY BY THE LAWS OF THE STATE OF CALIFORNIA AND THE UNITED STATES OF AMERICA 

 APPENDIX A 
 TERMS AND CONDITIONS OF STOCK AWARD 
 1. Grant of Stock Awards. The Company hereby grants to
the Employee as a separate incentive in connection with his or her employment and not in lieu of any salary or other compensation for his or her services, an Award with respect to the number of Stock Awards set forth on page 1 of this Agreement,
subject to all the terms and conditions in this Agreement and the Plan. Employee understands and agrees that this Award does not guarantee any future Stock Award grants and that grants are made at the sole discretion of the Company. 
 2. Company’s Obligation to Pay. On any date, a Stock Award has a value equal to the Fair Market Value of one Share. Unless and until a Stock
Award has vested in accordance with the vesting schedule set forth on the first page of this Agreement, the Employee will have no right to payment of a Share with respect to the Stock Award. Prior to actual payment of any Shares pursuant to vested
Stock Awards, each Stock Award represents an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 
 3. Vesting of Stock Awards and Issuance of Shares. Subject to paragraphs 4 and 5, the Stock Awards subject to this Agreement will vest as to the number of Stock Awards, and on the dates shown, on the first page of this Agreement
(each a “Vesting Date”), but in each case, only if the Employee has been continuously employed as the Chief Executive Officer by the Company or by one of its Affiliates from the date of this Award until the applicable Vesting Date of the
Stock Awards. If Employee is not employed as the Chief Executive Officer on such date(s), the Award shall terminate, as set forth in paragraph 5. Upon each Vesting Date, one Share shall be issued for each Stock Award that vests on such Vesting Date,
subject to the terms and provisions of the Plan and this Agreement. No fractional Shares shall be issued under this Agreement. 
 4. Death
or Retirement. In the event of the Employee’s death or Retirement (as defined in the Plan), the remaining Stock Awards shall become fully vested on the date of death or Retirement, as applicable. Notwithstanding the previous
sentence, if in the event that within one year of the date of this Agreement, Employee dies or terminates employment due to Retirement, this Stock Award shall immediately thereupon terminate. 
 5. Termination of Service. Notwithstanding any contrary provision of this Agreement, the balance of the Stock Awards that have not vested pursuant
to paragraph 3 or 4 will be forfeited and cancelled automatically at the time of the Employee’s Termination of Service as Chief Executive Officer. 
 6. Withholding Taxes. On each Vesting Date, the Employee agrees that the Company will withhold a portion of the Shares scheduled to be issued pursuant to vested Stock Awards that have an aggregate market value
sufficient to pay the federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or its designated Affiliate. The Company will only withhold whole Shares and therefore the Employee also
authorizes deduction without notice from salary or other amounts payable to the Employee of cash in an amount sufficient to satisfy the Company’s remaining tax withholding obligation. Notwithstanding the previous two sentences, the Employee, if
the Company in its sole discretion so agrees, may elect to furnish to the Company written notice, no more than 30 days and no less than 5 days in advance of a scheduled Vesting Date, of his or her intent to satisfy the tax withholding requirement by
remitting the full amount of the tax withholding to the Company on the scheduled Vesting Date. In the event that Employee provides such written notice and fails to satisfy the tax withholding requirement by the Vesting date, the Company shall
satisfy the tax withholding requirement pursuant to the first two sentences of this section. 
 7. Beneficiary Designation. Any
distribution or delivery to be made to the Employee under this Agreement will, if the Employee is then deceased, be made to the Employee’s designated beneficiary, or if no such beneficiary survives the Employee, the person or persons entitled
to such distribution or delivery under the Employee’s will or, if the Employee should fail to make testamentary disposition of such property, the executor of his or her estate. In order to be effective, a beneficiary designation must be made by
the Employee in a form and manner acceptable to the Company. Any transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the
transfer and compliance with any laws or regulations pertaining to said transfer. 
 8. Conditions to Issuance of Shares. The Shares
deliverable to the Employee on the Vesting Date(s) may be either previously authorized but unissued Shares or issued Shares that have been reacquired by the Company. The Company shall not be required to issue any Shares hereunder so long as the
Company 

 
reasonably anticipates that such issuance will violate Federal securities law or other applicable law; provided however, that in such event the Company shall
issue such Shares at the earliest possible date at which the Company reasonably anticipates that the issuance of the shares will not cause such violation. For purposes of the previous sentence, any issuance of Shares that would cause inclusion in
gross income or the application of any penalty provision or other provision of the Internal Revenue Code shall not be treated as a violation of applicable law. 
 9. Rights as Stockholder. Neither the Employee nor any person claiming under or through the Employee will have any of the rights or privileges of a stockholder of the Company in respect of any Stock Award
unless and until Shares have been issued in accordance with paragraph 3, recorded on the records of the Company or its transfer agents or registrars, and delivered to the Employee. Except as provided in paragraph 10, after such issuance,
recordation, and delivery, the Employee will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 10. Changes in Stock. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend,
split-up, Share combination, or other change in the corporate structure of the Company affecting the Shares, the Committee shall adjust the Stock Awards subject to the Award, in such manner as the Committee (in its sole discretion) shall determine
to be appropriate. 
 11. Plan Governs. This Agreement is subject to all the terms and provisions of the Plan. In the event of a
conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Terms used in this Agreement that are not defined in this Agreement will have the meaning set forth in the
Plan. 
 12. Committee Authority. The Committee will have the power to interpret the Plan and this Agreement and to adopt such rules
for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any portion of the Stock Award has vested).
All actions taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon the Employee, the Company and all other interested persons. No member of the Committee will be personally liable for any
action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 13. No Modification of At-Will
Status. The Employee understands and agrees that this Agreement does not impact in any way the right of the Company, or the Affiliate employing the Employee, as the case may be, to terminate or change the terms of the employment of the Employee
at any time for any reason whatsoever, with or without good cause. The Employee understands and agrees that his or her employment is “at-will” and that either the Company or the Employee may terminate the Employee’s employment at any
time and for any reason. The Employee also understands and agrees that his or her “at-will” status can only be changed by an express written contract signed by an authorized officer of the Company and the Employee. 
 14. Non-Transferability of Award. Except as otherwise herein provided, the Stock Awards herein granted and the rights and privileges conferred
hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge,
hypothecate or otherwise dispose of such Stock Award, or of any right or privilege conferred hereby, contrary to the provisions hereof, or upon any attempted sale under any execution, attachment or similar process upon the rights and privileges
conferred hereby, such Stock Award and the rights and privileges conferred hereby will immediately become null and void. 
 15. Binding
Agreement. Subject to the limitation on the transferability of the Stock Award contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the Employee
and the Company. 
 16. Addresses for Notices. Any notice to be given to the Company under the terms of this Agreement will be
addressed to the Company, in care of its Legal Department, at The Gap, Inc., Two Folsom, San Francisco, California 94105, or at such other address as the Company may hereafter designate in writing. Any notice to be given to the Employee will be
addressed to the Employee at the address set forth on the records of the Company. Any such notice will be deemed to have been duly given if and when enclosed in a properly sealed envelope, addressed as aforesaid, and deposited, postage prepaid, in a
United States post office. 

 17. Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Agreement. 
 18. Agreement Severable. In the event that any provision in this Agreement
will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 19. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee
expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written
agreement executed by a duly authorized officer of the Company. 
 20. Amendment, Suspension or Termination of the Plan. By accepting
this Award, the Employee expressly warrants that he or she has received a right to an equity based award under the Plan, and has received, read, and understood a description of the Plan. The Employee understands that the Plan is discretionary in
nature and may be modified, suspended, or terminated by the Company at any time.Form of Stock Unit Agreement and Stock Unit Deferral Election Form

 Exhibit 10.5 
 Grant No.              
 THE GAP, INC. 

STOCK UNIT AGREEMENT 
 The Gap, Inc. (the
“Company”) hereby grants to                      (the “Director”), the number of Stock Units under the Company’s 2006
Long-Term Incentive Plan (the “Plan”) indicated below. This award is subject to all of the terms and conditions contained in this Agreement, including the terms and conditions contained in the attached Appendix A. The date of this
Agreement is                     . Subject to the provisions of Appendix A and of the Plan, the principal features of this award are as
follows: 
  

			
	 Date of Grant:
	  	 ________

		
	 Number of Stock Units:
	  	 ________

		
	 Vesting of Stock Units (“Vesting Schedule”):
	  	 100% of the Stock Units shall be immediately vested
 upon the Date of Grant.

 Your signature below indicates your agreement and understanding that this award is subject to all of the terms and
conditions contained in Appendix A and the Plan. PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AWARD. 
 IN WITNESS WHEREOF, the Company and the Director have executed this Agreement, in duplicate, to be effective as of the day and year first above written. 
  

					
		 		 	 THE GAP, INC.

			
	 Date:
                    
	 		 	   
		 		 	 Paul S. Pressler

		 		 	 President and Chief Executive Officer

 My signature below indicates that I understand that this award is subject to all of the terms and conditions of
this Agreement (including the attached Appendix A) and of the Plan. 
  

									
		 		 	 DIRECTOR

			
	 Dated:
                    
	 		 	  
					
		 		 		 	 Address:
	 	  
				
		 		 		 	  
				
		 		 		 	  

									
					
		 		 		 	 Social Security No:
	 	  

 APPENDIX A 
 TERMS AND CONDITIONS OF STOCK UNIT GRANT 
 1. Grant of Stock Units. The Company hereby grants
to the Director under the Plan the number of Stock Units indicated on the first page of this Agreement subject to the terms and conditions set forth in this Agreement and the Plan. 
 2. Company’s Obligation to Pay. On any date, a Stock Unit has a value equal to the Fair Market Value of one Share. Unless and until the Stock
Units have vested in accordance with the Vesting Schedule set forth on the first page of this Agreement, the Director will have no right to payment of the Stock Units. Prior to actual payment of any vested Stock Units, Stock Units represent an
unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 
 3. Payment. 
 (a) General Rule. Vested Stock Units will be paid to the Director in full Shares (with the balance, if any, in cash) as soon as
practicable following the date which is three (3) years from the date of vesting, subject to paragraph 5. 
 (b)
Election to Defer Payment. Notwithstanding paragraph 3(a), at the discretion of the Committee and in accordance with the Plan and such rules established by the Committee, the Director may elect to further defer delivery of the proceeds due
with respect to his or her vested Stock Units by properly completing and submitting a Stock Unit Deferral Election Form (the “Election Form”) to the Company in accordance with the directions on the Election Form and the procedures
established by the Committee. 
 (c) Termination of Service. Notwithstanding paragraphs 3(a) and 3(b), in the event
that the Director incurs a Termination of Service for any reason, including, but not limited to, death, Disability, or Retirement, the vested Stock Units will be paid to the Director (or in the event of the Director’s death, to his or her
estate) as soon as practicable following the date of such Termination of Service, subject to paragraph 5. Notwithstanding the foregoing, to the extent necessary to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), any vested Stock Units that become payable as a result of the Director’s Termination of Service will be paid to the Director (or in the event of the Director’s death, to his or her estate) no earlier than six
(6) months and one (1) day following the date of the Director’s Termination of Service, subject to paragraph 5. 
 4. Death
of Director. Any distribution or delivery to be made to the Director under this Agreement will, if the Director is then deceased, be made to the Director’s designated beneficiary. If the Director has not designated a then living
beneficiary, distributions and deliveries will be made to the administrator or executor of the Director’s estate. Any such administrator or executor must furnish the Company with (a) written notice of his or her status as transferee, and
(b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 
 5. Withholding of Taxes. The Director agrees that the Company will withhold a portion of the Shares scheduled to be issued pursuant to vested Stock Units that have an aggregate market value sufficient to pay
the federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or its designated Affiliate. The Company will only withhold whole Shares and therefore the Director also authorizes deduction
without notice from amounts payable to the Director in cash in an amount sufficient to satisfy the Company’s remaining tax withholding obligation. Notwithstanding the previous two sentences, the Director, if the Company in its sole discretion
so agrees, may elect to furnish to the Company written notice, no more than 30 days and no less than 5 days in advance of the date the vested Stock Units are scheduled to be paid (in accordance with Paragraph 3), of his or her intent to satisfy the
tax withholding requirement by remitting the full amount of the tax withholding to the Company on this date. In the event that Director provides such written notice and fails to satisfy the tax withholding requirement by the date the vested Stock
Units are scheduled to be paid (in accordance with Paragraph 3), the Company shall satisfy the tax withholding requirement pursuant to the first two sentences of this section. 
 6. Rights as Stockholder. Subject to Paragraph 7, neither the Director nor any person claiming under or through the Director will have any of
the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares have been issued, recorded on 

 
the records of the Company or its transfer agents or registrars, and delivered to the Director. After such issuance, recordation, and delivery, the Director
will have all the rights of a stockholder of the Company with respect to such Shares. 
 7. Dividend Equivalents. The Director shall
be entitled to receive Dividend Equivalents paid on Shares underlying the Stock Units. Any Dividends Equivalents automatically shall be deemed reinvested in Stock Units annually on each anniversary after the date of grant (the “Dividend
Equivalent Stock Units”). Dividend Equivalent Stock Units shall be subject to the same terms and conditions as the Stock Units, including any deferral election. 
 8. No Effect on Service. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued service for
any period of time. The terms of the Director’s service shall not be affected by the grant of this award. 
 9. Address for
Notices. Any notice to be given to the Company under the terms of this Agreement must be addressed to the Company, in care of its Legal Department, at The Gap, Inc., Two Folsom, San Francisco, California 94105, or at such other address as the
Company may hereafter designate in writing. Any notice to be given to the Director will be addressed to the Director at the address set forth on the records of the Company. Any such notice will be deemed to have been duly given if and when enclosed
in a properly sealed envelope, addressed as aforesaid, and deposited, postage prepaid, in a United States post office. 
 10. Grant is Not
Transferable. Except as otherwise expressly provided herein, this grant, and the rights and privileges conferred hereby, may not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise) and may not
be subject to sale under execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any
execution, attachment, or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 11. Restrictions on Sale of Securities. The Shares issued as payment for vested Stock Units awarded under this Agreement shall be registered under the federal securities laws and shall be freely tradable upon receipt. However, the
Director’s subsequent sale of the Shares shall be subject to any market blackout-period that may be imposed by the Company and must comply with the Company’s insider trading policies, and any other applicable securities laws. 

12. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and
inure to the benefit of the heirs, legatees, legal representatives, successors, and assigns of the Company and the Director. 
 13.
Additional Conditions to Issuance of Certificates for Shares. The Shares deliverable to the Director may be either previously authorized but unissued Shares or issued Shares that have been reacquired by the Company. Solely for purposes of
Delaware corporate law, par value for the Shares actually delivered to the Director for the Stock Units will be deemed satisfied by past services rendered by the Director. The Company shall not be required to issue any Shares hereunder so long as
the Company reasonably anticipates that such issuance will violate Federal securities law or other applicable law; provided however, that in such event the Company shall issue such Shares at the earliest possible date at which the Company reasonably
anticipates that the issuance of the Shares will not cause such violation. For purposes of the previous sentence, any issuance of Shares that would cause inclusion in gross income or the application of any penalty provision or other provision of the
Code shall not be treated as a violation of applicable law. 
 14. Plan Governs. This Agreement is subject to all terms and provisions
of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Agreement will have the meaning
set forth in the Plan. 
 15. Committee Authority. The Committee will have the power to interpret the Plan and this Agreement and to
adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Stock Units have
vested). All actions taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon the Director, the Company, and all other interested persons. No member of the 

 
Committee will be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan or this Agreement.

 16. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction
of this Agreement. 
 17. Agreement Severable. In the event that any provision in this Agreement will be held invalid or
unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 18. Modifications to the Agreement. This Agreement constitutes the entire understanding of the Company and the Director on the subjects covered,
including the Director’s right to receive a grant of stock units under Section 9 of the Plan. The Director is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein.
Modifications to this Agreement or the Plan can be made only in an express written agreement executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right
to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of the Director, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition
under Section 409A of the Code in connection with these Stock Units (including settlement or payment thereof). 
 19. Amendment,
Suspension or Termination of the Plan. By accepting this award, the Director expressly warrants that he or she has received a right to an equity based award under the Plan, and has received, read, and understood a description of the Plan. The
Director understands that the Plan is discretionary in nature and may be modified, suspended, or terminated by the Company at any time. 
 20. Notice of Governing Law. This grant of Stock Units shall be governed by, and construed in accordance with, the laws of the State of California without regard to principles of conflict of laws. 
 *** 

 THE GAP, INC. 
 2006 LONG-TERM INCENTIVE PLAN 
 STOCK UNIT DEFERRAL ELECTION FORM 
 Complete and return this Election Form if you want to defer the settlement (payment) of stock units granted to you under The Gap, Inc. 2006 Long-Term
Incentive Plan (the “Plan”). 
 Stock units that are granted to you under the Plan (“Stock Units”) generally become
payable as soon as practicable after the date which is three (3) years from the date of vesting (the “Original Payment Date”) in whole shares of common stock of The Gap, Inc. (the “Company”), with the balance, if any, in
cash. Stock Units are immediately one hundred percent (100%) vested upon the Date of Grant. The Committee (as defined in the Plan) permits you to defer the settlement of your Stock Units beyond the Original Payment Date on a tax-deferred basis
in accordance with the terms of the Plan. To achieve this favorable tax result, the amounts deferred will represent an unfunded and unsecured promise to pay on behalf of the Company. With respect to any amounts that you defer, you will become a
general, unsecured creditor of the Company, which means that your deferral remains subject to the claims of the Company’s creditors, and, if the Company’s assets are insufficient to pay all of its creditors, you may not receive part or all
of your deferral. 
 Please note that the Plan has been amended to comply with Section 409A of the Internal Revenue Code (“Section
409A”). As a result, any deferral elections made with respect to Stock Units must comply with the requirements of Section 409A. This means that deferral elections can be accepted and become effective only if the following
requirements (the “Deferral Requirements”) are satisfied: (a) the deferral election must be made at least twelve (12) months before the Original Payment Date; (b) the deferral election must defer the payment of the Stock
Units for a period of not less than five (5) years from the Original Payment Date; and (c) the deferral election may not take effect until at least twelve (12) months after the date on which the election is made. 
 I. PERSONAL INFORMATION 
 (Please Print) 
 Director Name:
                                        
             (the “Director”) 
 Social Security
No.:
                                        
         
 II. STOCK UNIT DEFERRAL ELECTION (Choose One) 
  

	 ̈	I elect to defer the settlement (i.e., payment) of the Stock Units granted to me under the Plan in 2006 as indicated in Section III below. 

 OR 
  

	 ̈	I elect to defer the settlement of all Stock Units granted to me under the Plan on or after January 1, 2006 as indicated in Section III below until I notify the Company
otherwise. 

 III. DESIGNATED PAYMENT DATE 
 Payment of the Stock Units indicated in Section II above will be made as soon as practicable following the date you choose below (the “Designated Payment Date”), provided that the Deferral Requirements are
satisfied. This means that your Designated Payment Date will be given effect only if (a) you complete and return this Election Form at least twelve (12) months before the Original Payment Date, and (b) the Designated Payment Date is
at least five (5) years from the Original Payment Date. As noted above, any payment will be made in the form of whole shares of Company common stock with the balance, if any, in cash. 
 Designated Payment Date:                      
 (must be at least five (5) years from Original Payment Date of the Stock Units) 
 IMPORTANT: Please note that if the Original Payment Date is within twelve (12) months of the date you complete and return this Election Form,
then due to Section 409A requirements, we cannot accept your deferral election and it will be deemed null and void. This means that payment of the Stock Units will be made as soon as practicable after the Original Payment Date regardless of
your deferral election. 
 Any amounts deferred will be taxable as ordinary income in the year paid. Please seek advice from your
professional tax advisor before making your deferral election. 
 IV. DIRECTOR SIGNATURE 
 I acknowledge that I have read and reviewed a copy of the Plan’s prospectus. I understand that my decision to defer the settlement of Stock Units
will make me only a general, unsecured creditor of the Company. I also understand that the amounts deferred will be taxable as ordinary income in the year paid. If the Company determines that it is required to withhold for any taxes, including, but
not limited to, income or employment taxes, prior to the date of deferred payout, I agree that, if I do not make other arrangements that are satisfactory to the Committee, in its sole discretion, the Company will withhold from the amounts due to me.
I also understand that, upon receipt of deferred payouts, in addition to federal taxes, I may owe taxes both (1) to the state where I resided at the time of making this election and, if different, (2) to the state where I reside when I
receive a deferred payout. 
 The Committee shall have the discretion to make all determinations and decisions regarding this deferral
election. To the extent the Committee determines that this election does not comply with applicable laws, now or in the future, this election shall be null and void. In such an event, amounts deferred shall be settled (1) immediately if the
Original Payment Date already has occurred, or (2) upon the Original Payment Date if in the future. 
 By signing this Election Form, I
authorize implementation of the above instructions. I understand that the deferral elections that I have made on this Election Form are generally irrevocable and may not be changed in the future except in accordance with the requirements of
Section 409A and the procedures specified by the Committee. 
  

									
	 DIRECTOR
	 		 	
					
	 Signed:
	 	  	 		 	 Date:
	 	  

 Agreed to and accepted: 
  

									
	 THE GAP, INC.
	 		 	
					
	 By:
	 	  	 		 	 Date:
	 	  
	 Title:
	 	  	 		 		 	

  

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