Document:

Exhibit 10.2

 

FOOT LOCKER LONG-TERM INCENTIVE COMPENSATION
PLAN

 

Amended as of March 28, 2013

 

Effective as of February 1, 1981, the Board
of Directors of Foot Locker Specialty, Inc. adopted a Long-Term Incentive Compensation Plan (the “Plan”) for certain
executives of Foot Locker Specialty, Inc. and its subsidiaries. Effective as of August 7, 1989, Foot Locker, Inc. (“Foot
Locker”) adopted the Plan, as amended. The Plan has been amended and restated from time to time, and in accordance with the
requirements of “Section 162(m) of the Code” (as defined below), the performance goals under the Plan were initially
approved at the 1996 annual meeting of shareholders and were reapproved in 2001 and 2006, and 2011. The Plan was amended as of
March 28, 2013 in the form set forth below.

 

The objectives of the Plan are:

 

(a) to reinforce corporate organizational and
business-development goals.

 

(b) to promote the achievement of year-to-year
and long-range financial and other business objectives such as high quality of service and product, improved productivity and efficiencies
for the benefit of our customers’ satisfaction and to assure a reasonable return to Foot Locker’s shareholders.

 

(c) to reward the performance of individual
executives in fulfilling their personal responsibilities for long-range achievements.

 

(d) to serve as a qualified performance-based
compensation program under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”) or any successor
section and the Treasury regulations promulgated thereunder (“Section 162(m) of the Code”).

 

(e) to award shares of Common Stock (as defined
below) after attainment of pre-established performance goals and completion of the Performance Period (as defined below), which
shall be considered “Other Stock-Based Awards” under the Foot Locker 2007 Stock Incentive Plan or other applicable
stock incentive plan of the Company (the “Stock Incentive Plan”).

 

1. Definitions. The following
terms, as used herein, shall have the following meanings:

 

(a) “Annual Base Salary”
shall mean the annual base salary approved by the Committee with respect to the executive at the time the performance goals are
established by the Committee, as described in Section 5(b) hereof without reduction for any amounts withheld pursuant to participation
in a “cafeteria plan” under Section 125 of the Code, a cash or deferred arrangement under Section 401(k) of the Code
or a qualified transportation arrangement under Section 132(f) of the Code. Notwithstanding the foregoing in the event of an executive’s
promotion during a Performance Period, such participant’s Annual Base Salary shall reflect any salary increase paid as a
result of the participant’s promotion.

 

(b) “Board” shall mean the
Board of Directors of Foot Locker.

 

(c) “Change in Control” shall
mean any of the following: (i) the merger or consolidation of the Company with, or the sale or disposition of all or substantially
all of the assets of the

    	 

    	

    

Company to, any person other than (A) a merger or consolidation which would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving or parent entity) fifty percent (50%) or more of the combined voting power of the voting
securities of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation; or (B)
a merger or capitalization effected to implement a recapitalization of the Company (or similar transaction) in which no person
is or becomes the beneficial owner, directly or indirectly (as determined under Rule 13d-3 promulgated under the Securities Exchange
Act of 1934), of securities representing more than the amounts set forth in (ii) below; (ii) the acquisition of direct or indirect
beneficial ownership (as determined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934), in the aggregate,
of securities of the Company representing thirty-five percent (35%) or more of the total combined voting power of the Company’s
then issued and outstanding voting securities by any person acting in concert; or (iii) during any period of not more than twelve
(12) months, individuals who at the beginning of such period constitute the Board of Directors of the Company (referred to herein
as the “Board”), and any new director whose election by the Board or nomination for election by the Company’s
shareholders was approved by a vote of at least two-thirds (2⁄3) of the directors then still in office who either were directors
at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to
constitute at least a majority thereof.

 

(d) “Committee” shall mean
two or more members of the Compensation Committee of the Board, each of whom is an “outside director” within the meaning
of Section 162(m) of the Code.

 

(e) “Common Stock” shall
mean common stock of Foot Locker, par value $0.01 per share.

 

(f) “Consolidated Net Income”
shall mean the net income of Foot Locker and its subsidiaries for each fiscal year determined in accordance with generally accepted
accounting principles and reported upon by Foot Locker’s independent accountants but before provision for accrued expenses
net of the related income tax reduction for payments to be made pursuant to this Plan.

 

(g) “Fair Market Value” of
a share of Common Stock shall mean the average of the closing prices of a share of such Common Stock as reported on the Composite
Tape for the New York Stock Exchange during the sixty (60) day period immediately preceding the payment date relating to the applicable
Performance Period.

 

(h) “Individual Target Award”
shall mean the targeted performance award for a Plan Year specified by the Committee as provided in Section 5 herein.

 

(i) “Performance Period”
shall mean the period of three consecutive Plan Years or such other period as determined by the Committee, beginning with the Plan
Year in which the award is made.

 

(j) “Plan Year” shall mean
Foot Locker’s fiscal year during which the Plan is in effect.

 

(k) “Termination”
shall mean: (1) a termination of service for reasons other than a

    	 

    	

    

military or personal leave of absence granted by the Company
or a transfer of a Participant from or among the Company and a parent corporation or subsidiary corporation, as defined under Code
Sections 424(e) or 424(f), respectively, or (2) when a subsidiary, which is employing a Participant, ceases to be a subsidiary
corporation, as defined under Section 424(f) of the Code. 

 

2. Administration of the Plan.
The Plan shall be administered by the Committee. No member of the Committee while serving as such shall be eligible for participation
in the Plan. The Committee shall have exclusive and final authority in all determinations and decisions affecting the Plan and
its participants. The Committee shall also have the sole authority to interpret the Plan, to establish and revise rules and regulations
relating to the Plan, to delegate such responsibilities or duties as it deems desirable, and to make any other determination that
it believes necessary or advisable for the administration of the Plan including, but not limited to: (i) approving the designation
of eligible participants; (ii) setting the performance criteria within the Plan guidelines; and (iii) certifying attainment of
performance goals and other material terms. To the extent any provision of the Plan, other than Section 7 herein, creates impermissible
discretion under Section 162(m) of the Code or would otherwise violate Section 162(m) of the Code, such provision shall have no
force or effect.

 

3. Participation. Participation
in the Plan is limited to officers or other key employees of Foot Locker or any subsidiary thereof, as selected by the Committee
in its sole discretion. The Committee may from time to time designate additional participants who satisfy the criteria for participation
as set forth herein, and shall determine when an officer or key employee of Foot Locker ceases to be a participant in the Plan.

 

4. Right to Payment. Unless otherwise
determined by the Committee in its sole discretion, a participant shall have no right to receive payment under this Plan unless
the participant remains in the employ of Foot Locker at all times during the applicable Performance Period; provided, however,
that notwithstanding any other provision of the Plan, the Committee may make a pro-rata payment following the end of the Performance
Period to any participant in circumstances the Committee deems appropriate including, but not limited to a participant’s
death, disability, retirement, or other termination of employment during the Performance Period, provided the performance goals
for the Performance Period are met. Furthermore, upon a Change in Control the Committee shall, but only to the extent permitted
under Section 162(m) of the Code (if applicable), make a payment to any participant who is a participant at the time of such Change
in Control and who has a Termination of employment other than for cause, as determined by the Committee, prior to the end of the
Performance Period, which is equal to the pro-rata portion (through the date of Termination) of the Individual Target Award based
on (a) the actual performance results achieved relative to the Performance Period’s performance goals with respect to any
completed year and (b) the performance results at Target for the balance of such Performance Period. Any pro-ration required hereunder
shall be based on a fraction, the numerator of which is the number of months completed before the Termination and the denominator
of which is the number of months in the Performance Period, any such payment to be payable at the same time as payments for such
Performance Period, if any, are made to actively employed participants, as provided under Section 6 of this Plan.

 

5. Payment.

 

(a) Payment to a participant under this Plan
for each Performance Period shall be made in cash, shares of the Company’s Common Stock, or any combination thereof, as determined
by the

    	 

    	

    

Committee for each Performance Period. If payment is to be made in shares of the Company’s Common Stock, the number
of shares of Common Stock shall be determined by the Committee by dividing the achieved percentage of such participant’s
Annual Base Salary payable in Common Stock (as determined by the Committee for each Performance Period) by the Fair Market Value
of the Common Stock on the date of payment as determined in accordance with Section 4 or 6 herein. Such achieved percentage shall
be based on the participant’s achievement of his or her Individual Target Award. Except to the extent provided for in Section
4 hereof, payment shall be made only if and to the extent the relevant performance goals with respect to the Performance Period
are attained. Awards of Common Stock made pursuant to this Plan are Other Stock-Based Awards (as defined in the Stock Incentive
Plan) and are issued under and subject to, the applicable provisions of the Stock Incentive Plan including, without limitation,
Section 9 (Other Stock-Based Awards) and Section 5 (Stock Subject to the Plan; Limitation on Grants). In the event that any payment
results in other than a whole number of shares of Common Stock, the value of the fractional share of Common Stock shall be paid
in cash.

 

(b) At the beginning of each Performance Period
(or within the time period prescribed by Section 162(m) of the Code), the Committee shall establish all performance goals and the
Individual Target Awards for such Performance Period and Foot Locker shall inform each participant of the Committee’s determination
with respect to such participant for such Performance Period. Individual Target Awards shall be expressed as a percentage of such
participant’s Annual Base Salary. At the time the performance goals are established, the Committee shall prescribe a formula
to determine the percentage of the Individual Target Award which may be payable based upon the degree of attainment of the performance
goals during the Performance Period.

 

(c) Notwithstanding anything to the contrary
contained in this Plan,

 

(1)the performance goals in respect of
awards granted to participants hereunder, shall be based on one or more of the following criteria:

 

(i) the attainment of certain target levels of,
or percentage increase in, pre-tax profit;

 

(ii) the attainment of certain target levels of,
or percentage increase in, division profit;

 

(iii) the attainment of certain target levels
of, or a percentage increase in, after-tax profits of Foot Locker (or a subsidiary, division, or other operational unit of Foot
Locker);

 

(iv) the attainment of certain target levels of,
or a specified increase in, operational cash flow of Foot Locker (or a subsidiary, division, or other operational unit of Foot
Locker);

 

(v) the achievement of a certain level of, reduction
of, or other specified objectives with regard to limiting the level of increase in, all or a portion of, Foot Locker’s bank
debt or other long-term or short-term public or private debt or other similar financial obligations of Foot Locker, if any, which
may be calculated net of such cash balances and/or other offsets and adjustments as may be established by the Committee;

    	 

    	

    

(vi) the attainment of a specified percentage
increase in earnings per share or earnings per share from continuing operations of Foot Locker (or a subsidiary, division or other
operational unit of Foot Locker);

 

(vii) the attainment of certain target levels
of, or a specified percentage increase in, revenues, net income, or earnings before (A) interest, (B) taxes, (C) depreciation and/or
(D) amortization, of Foot Locker (or a subsidiary, division, or other operational unit of Foot Locker);

 

(viii) the attainment of certain target levels
of, or a specified increase in, return on invested capital or return on investment;

 

(ix) the attainment of certain target levels of,
or a percentage increase in, after-tax or pre-tax return on shareholders’ equity of Foot Locker (or any subsidiary, division
or other operational unit of Foot Locker);

 

(x) the attainment of a certain target level of,
or reduction in, selling, general and administrative expense as a percentage of revenue of Foot Locker (or any subsidiary, division
or other operational unit of Foot Locker); and

 

(xi) the attainment of a certain target level
of, or percentage increase in, Consolidated Net Income.

 

In addition, performance goals may be based
upon the attainment of specified levels of Foot Locker (or a subsidiary, division or other operational unit of Foot Locker) performance
under one or more of the measures described above relative to the performance of other corporations. The Committee may designate
additional business criteria on which the performance goals may be based or adjust, modify, or amend those criteria.

 

(2) To the extent permitted under Section 162(m)
of the Code, unless otherwise determined by the Committee at the time the performance goals are set and incorporated into the performance
goals, the Committee shall exclude the impact of any of the following events or occurrences:

 

(i) restructurings, discontinued operations, extraordinary
items and other unusual or non-recurring charges;

 

(ii) any acquisition or divestiture of an operating
business during the Plan Year or Performance Period;

 

(iii) impairment charges taken under
relevant accounting rules;

 

(iv) an event either not directly related to the
operations of the Company or not within the reasonable control of the Company’s management; or

 

(v) a change in tax law or accounting standards
required by generally accepted accounting principles.

 

(3) In no event shall payment in respect of
an award granted for a Performance Period be made to a participant as of the end of such Performance Period in a dollar value which
exceeds the lesser of (i) 300% of such participant’s Annual Base Salary or (ii) $5,000,000.

    	 

    	

    

6. Time of Payment. Subject to
Section 4 herein, all payments earned by participants under this Plan shall be based on the achievement of performance goals established
by the Committee and will be paid in accordance with Section 5 herein after performance goal achievements for the Performance Period
have been finalized, reviewed, approved and certified by the Committee, but in no event later than two and one-half months following
the end of the fiscal year for the last year of the applicable Performance Period. Foot Locker’s independent accountants
shall examine as of the close of the Performance Period and communicate the results of such examination to the Committee as to
the appropriateness of the proposed payments under the Plan.

 

7. Interim Participation. Notwithstanding
anything else herein, the Committee may, in its sole discretion, grant an award hereunder to a participant who commences employment
with Foot Locker during a Plan Year. Such award is not required to satisfy the exception for performance-based compensation set
forth in Section 162(m) of the Code.

 

8. Miscellaneous Provisions.

 

(a) A participant’s rights and interests
under the Plan may not be sold, assigned, transferred, pledged or alienated.

 

(b) In the case of a participant’s death,
payment, if any, under the Plan shall be made to his or her designated beneficiary, or in the event no beneficiary is designated
or surviving, to the participant’s estate.

 

(c) Neither this Plan nor any action taken hereunder
shall be construed as giving any employee any right to be retained in the employ of Foot Locker.

 

(d) Foot Locker shall have the right to make
such provisions as it deems necessary or appropriate to satisfy any obligations it may have to withhold federal, state or local
income or other taxes incurred by reason of payments made pursuant to this Plan.

 

(e) Except with regard to an award made pursuant
to Section 7 herein, the Plan is designed and intended to comply with Section 162(m) of the Code and all provisions hereof shall
be limited, construed and interpreted in a manner to so comply.

 

(f) While Foot Locker does not guarantee any
particular tax treatment, the Plan is designed and intended to comply with the short-term deferral rules under Section 409A of
the Code and the applicable regulations thereunder and shall be limited, construed and interpreted with such intent. All amounts
payable under the Plan shall be payable within the short-term deferral period in accordance with Section 409A and regulations issued
thereunder.

 

(g) The Board or the Committee may at any time
and from time to time alter, amend, suspend or terminate the Plan in whole or in part; provided, that, no amendment which requires
shareholder approval in order for the Plan to continue to comply with the exception for performance based compensation under Section
162(m) of the Code shall be effective unless the same shall be approved by the requisite vote of the shareholders of Foot Locker
as determined under Section 162(m) of the Code. Notwithstanding the foregoing, no amendment shall affect adversely any of the rights
of any participant, without such participant’s consent, under the award theretofore granted under the Plan.Exhibit 10.3

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

Long-Term Incentive Compensation Award

                            Performance Period

 

This
Restricted Stock Unit Award Agreement (the “Agreement”) made under the Foot Locker 2007 Stock Incentive Plan, Amended
and Restated as of May 19, 2010 (the “Plan”) as of the       day of                 by and between Foot Locker, Inc.,
a New York corporation with its principal office located at 112 West 34th Street, New York, New York 10120 (the “Company”)
and                          .

 

1. General.
As a participant in the Company’s long-term incentive compensation program for the                     Performance Period which
covers the fiscal years beginning             and                      (the “Performance Period”), you were granted a
long-term incentive award that will be payable following the end of the Performance Period, provided the performance goals
set by the Compensation and Management Resources Committee (the “Compensation Committee”) of the Board of
Directors of the Company on                           for the Performance Period are achieved. The award is payable as follows: 50 percent
of the award is payable in cash under the Long-Term Incentive Compensation Plan (the “LTIP”), and 50 percent of
the award is payable in restricted stock units (“RSUs”) under the Plan as provided herein. The RSUs are intended
to constitute “Other Stock-Based Awards” under the Plan. Each RSU represents the right to receive one share of
the Company’s Common Stock, par value $.01 per share (“Common Stock”), upon the satisfaction of the terms
and conditions set forth in this Agreement and the Plan. 

 

This Agreement sets forth the terms and conditions
with regard to the portion of your long-term award that is payable in RSUs. You have been granted                      RSUs, subject to
the conditions set forth herein. Unless otherwise indicated, any capitalized term used but not defined herein shall have the meaning
ascribed to such term in the Plan.

 

2. Earning
of RSUs. Subject to the terms and conditions of the Plan and this Agreement, you shall be entitled to receive, for each RSU
earned in accordance with this Section 2 and Appendix A hereto, one share of Common Stock. You shall earn the number of RSUs set
forth above for achievement at the maximum performance goal as specified in Appendix A attached hereto, subject to adjustment for
achievement below the maximum performance goal in accordance with the provisions of Appendix A attached hereto. If the threshold
performance level set forth in Appendix A is not achieved, none of the RSUs granted to you shall be earned. The Compensation Committee
shall certify the level of achievement of the performance goals during the Company’s first fiscal quarter in                     
and at such time shall determine the number of RSUs you are eligible to receive, subject to the provisions of Section 3 below.

 

3. Vesting
and Delivery.

 

(a) The
RSUs you are eligible to receive as described in Section 2 shall be

    	 

    	

    

subject to a one-year holding period following the end of the
Performance Period and shall become vested on                      (the “Vesting Date”). Subject to the terms of this Agreement
and the Plan, shares of Common Stock equal to the number of RSUs you earn shall be delivered to you as described below if you have
been continuously employed by the Company or its subsidiaries within the meaning of Section 424 of the Code (the “Control
Group”) until such Vesting Date. 

 

(b) Other
than as specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to the Vesting Date,
and all vesting shall occur only on the Vesting Date, subject to your continued employment with the Control Group as described
in Section 3(a). 

 

(c) Upon
a Change in Control as defined in Appendix B hereto that occurs following the end of the Performance Period and the certification
by the Compensation Committee of the achievement of the performance goal, all unvested RSUs shall become immediately vested and
shall be paid in accordance with Section 3(f).

 

(d) Upon
a Change in Control as defined in Appendix B hereto that occurs prior to the end of the Performance Period, or coincident with
or following the end of the Performance Period and prior to the certification by the Compensation Committee of the achievement
of the performance goal, you shall be entitled to receive a pro rata portion of the RSUs that you would have been entitled to receive
based on the actual performance level achieved for any completed year in the Performance Period and the achievement of a target
performance level for the remainder of the Performance Period, as set forth in Appendix A, such RSUs shall become immediately vested
and shall be paid in accordance with Section 3(f). The pro rated portion shall be determined by multiplying the number of RSUs
you would have been entitled to receive without respect to the Change in Control by a fraction, the numerator of which is the number
of days from                           to date of the earlier of the Change in Control or the last day of the Performance Period and the denominator
of which is the total number of days in the Performance Period without respect to the Change in Control.

 

(e) In
the event of your Termination by reason of death, Disability (within the meaning of Code Section 409A(a)(2)(C)(i) or (ii)) or Retirement
prior to the Vesting Date, on the Vesting Date you (or in the event of your death, your estate) shall receive a pro rata portion
of the RSUs that you would have received if you had been employed by the Company on the Vesting Date, based on the actual level
of achievement of the performance goals set forth in Appendix A. The pro rated portion shall be determined by multiplying the number
of RSUs you would have been entitled to receive if you had not incurred such Termination by a fraction, the numerator of which
is the number of days from                      to the date of your Termination and the denominator of which is the total number of days
in the Performance Period, and shall vest on the Vesting Date and shall be paid in accordance with Section 3(f). Notwithstanding
the foregoing, in the event of a Change in Control following your death, Disability (within the meaning of Code Section 409A(a)(2)(C)(i)
or (ii)) or Retirement, but prior to the certification by the Compensation Committee of the achievement of the performance goal,
the provisions of Section 3(d) above shall supersede this Section 3(e).

    	 

    	

    

(f) Subject
to Section 8, the Company shall issue and deliver to you shares of the Company’s Common Stock equal to the number of vested
RSUs you earn within 30 days following the earlier of a Change in Control or the Vesting Date.

 

4. Forfeiture.

 

(a) Any
RSUs that are not earned in accordance with Section 2 or vested in accordance with Section 3 of this Agreement shall be forfeited
without compensation following the Compensation Committee’s certification of the goals for the Performance Period. 

 

(b) Except
as expressly set forth in Section 3(e), in the event of your Termination prior to the Vesting Date or your breach of the Non-Competition
Provision in Section 10, all unvested RSUs shall be forfeited to the Company, without compensation.

 

5. Adjustments.
RSUs shall be subject to the adjustment provisions included in Section 5(e) of the Plan.

 

6. Withholding.
You agree that:

 

(a) No
later than the date on which any RSUs shall have become vested, you will pay to the Company, or make arrangements satisfactory
to the Company regarding payment (including through the withholding of shares from the award) of, any federal, state, international,
or local taxes of any kind required by law to be withheld with respect to any RSUs which shall have become so vested; and

 

(b) The
Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to you any federal,
state, international or local taxes of any kind required by law to be withheld with respect to any RSUs which shall have become
so vested. 

 

7. Special
Incentive Compensation. You agree that the award of the RSUs is special incentive compensation and that the RSUs will not be
taken into account as “salary” or “compensation” or “bonus” in determining the amount of any
payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit
plan of the Company, except as specifically provided in any such plan.

 

8. Delivery
Delay. Notwithstanding anything herein, the delivery of any shares of Common Stock for vested RSUs may be postponed by the
Company for such period as may be required for it to comply with any applicable federal or state securities law, or any national
securities exchange listing requirements and the Company is not obligated to issue or deliver any securities if, in the opinion
of counsel for the Company, the issuance of such shares shall constitute a violation by you or the Company of any provisions of
any law or of any regulations of any governmental authority or any national securities exchange.

 

9. Restriction
on Transfer of RSUs. You shall not sell, negotiate, transfer, pledge, hypothecate, assign or otherwise dispose of the RSUs.
Any attempted sale, negotiation, transfer, pledge, hypothecation, assignment or other disposition of the RSUs or unvested shares
in violation of the Plan or this Agreement shall be null and void.

    	 

    	

    

10. Non-Competition.

 

(a) Competition.
By accepting this award of RSUs, as provided below, you agree that during the “Non-Competition Period” you will not
engage in “Competition” with the Control Group. As used herein, “Competition” means:

 

 (i) participating, directly or indirectly,
as an individual proprietor, stockholder, officer, employee, director, joint venturer, investor, lender, or in any capacity whatsoever
within the United States of America or in any other country where any of your former employing members of the Control Group does
business, in (A) a business in competition with the retail, catalog, or on-line sale of athletic footwear, athletic apparel and
sporting goods conducted by the Control Group (the “Athletic Business”), or (B) a business that in the prior fiscal
year supplied product to the Control Group for the Athletic Business having a value of $20 million or more at cost to the Control
Group; provided, however, that such participation shall not include (X) the mere ownership of not more than 1 percent of the total
outstanding stock of a publicly held company; (Y) the performance of services for any enterprise to the extent such services are
not performed, directly or indirectly, for a business in competition with the Athletic Business or for a business which supplies
product to the Control Group for the Athletic Business; or (Z) any activity engaged in with the prior written approval of the Chief
Executive Officer of the Company; or

 

 (ii) intentionally recruiting, soliciting
or inducing, any employee or employees of the Control Group to terminate their employment with, or otherwise cease their relationship
with the former employing members of the Control Group where such employee or employees do in fact so terminate their employment.

 

(b) “Non-Competition
Period”. As used herein, “Non-Competition Period” means: the period commencing                           and ending
on the Vesting Date, or any part thereof, during which you are employed by the Control Group and (ii) if your employment with the
Control Group terminates for any reason during such period, the one/two-year period commencing on the date your employment with
the Control Group terminates. Notwithstanding the foregoing, the Non-Competition Period shall not extend beyond the date your employment
with the Control Group terminates if such termination of employment occurs following a “Change in Control” as defined
in Attachment B hereto. 

 

(c) Breach
of Non-Competition Provision. You agree that your breach of the provisions included herein under Section 10 under the heading
“Non-Competition” (the “Non-Competition Provision”) would result in irreparable injury and damage to the
Company for which the Company would have no adequate remedy at law. You agree, therefore, that in the event of a breach or a threatened
breach of the Non-Competition Provision, the Company shall be entitled to (i) an immediate injunction and restraining order to
prevent such breach, threatened breach, or continued breach, including by any and all persons acting for or with you, without having
to prove damages, and (ii) any other remedies to which the Company may be entitled at

    	 

    	

    

law or in equity. The terms of this paragraph
shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach of the Non-Competition
Provision, including, but not limited to, recovery of damages. In addition, in the event of your breach of the Non-Competition
Provision, the RSUs covered by this Agreement that are then unvested shall be immediately forfeited. You and the Company further
agree that the Non-Competition Provision is reasonable and that the Company would not have granted the award of RSUs provided for
in this Agreement but for the inclusion of the Non-Competition Provision herein. If any provision of the Non-Competition Provision
is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too
great a range of activities or in too broad a geographic area, it shall be interpreted to extend over the maximum period of time,
range of activities, or geographic area as to which it may be enforceable. The validity, construction, and performance of the Non-Competition
Provision shall be governed by the laws of the State of New York without regard to its conflicts of laws principles. For purposes
of the Non-Competition Provision, you and the Company consent to the jurisdiction of state and federal courts in New York County,
New York.

 

11. Not
an Employment Agreement. 

 

The award of RSUs hereunder does not constitute
an agreement by the Company to continue to employ you during the entire, or any portion of the, term of this Agreement, including
but not limited to any period during which the RSUs are outstanding.

 

12. Miscellaneous.

 

 (a) In
no event shall any dividend equivalents accrue or be paid on any RSUs.

 

(b) This
Agreement shall inure to the benefit of and be binding upon all parties hereto and their respective heirs, legal representatives,
successors and assigns.

 

(c) This
Agreement shall be subject to any compensation recoupment policy that the Company may adopt.

 

(d) This
Agreement constitutes the entire agreement between the parties and cannot be changed or terminated orally. No modification or waiver
of any of the provisions hereof shall be effective unless in writing and signed by the party against whom it is sought to be enforced.

 

(e) This
Agreement may be executed in one or more counterparts, all of which taken together shall constitute one contract.

    	 

    	

    

(f) The
failure of any party hereto at any time to require performance by another party of any provision of this Agreement shall not affect
the right of such party to require performance of that provision, and any waiver by any party of any breach of any provision of
this Agreement shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision
itself, or a waiver of any right under this Agreement.

 

(g) This
Agreement is subject, in all respects, to the provisions of the Plan, and to the extent any provision of this Agreement contravenes
or is inconsistent with any provision of the Plan, the provisions of the Plan shall govern.

 

(h)  The
headings of the sections of this Agreement have been inserted for convenience of reference only and shall in no way restrict or
modify any of the terms or provisions hereof.

 

(i) All
notices, consents, requests, approvals, instructions and other communications provided for herein shall be in writing and validly
given or made when delivered, or on the second succeeding business day after being mailed by registered or certified mail, whichever
is earlier, to the persons entitled or required to receive the same, at, in the case of the Company, the address set forth at the
heading of this Agreement and, in the case of you, your principal residence address as shown in the records of the Company, or
to such other address as either party may designate by like notice. Notices to the Company shall be addressed to the General Counsel.

 

(j) This
Agreement shall be governed and construed and the legal relationships of the parties determined in accordance with the laws of
the State of New York without regard to its conflicts of laws principles.

 

(k) Although
the Company does not guarantee the tax treatment of the RSUs, this Agreement is intended to comply with, or be exempt from, the
applicable requirements of Code Section 409A and shall be limited, construed and interpreted in accordance with such intent. Accordingly,
in the event that you are a “specified employee” within the meaning of Code Section 409A as of the date of your separation
from service (as determined pursuant to Code Section 409A and any procedure set by the Company), any award of RSUs payable as a
result of such separation from service shall be settled no earlier than the day following the six- month anniversary of your separation
from service, or, if earlier, your death.

 

(l) To
indicate your acceptance of the terms of this Agreement, you must sign and deliver or mail not later than                 a copy of
this Agreement to the General Counsel of the Company at the address provided in the heading of this Agreement. 

    	 

    	

    

IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be duly executed as of the day and year first above written.

 

	 	FOOT LOCKER, INC.	 
	 	 	 	 
	 	By:	 	 
	 		 	 
	 	 	 	 
	 		Executive	 

    	 

    	

    

APPENDIX B

 

Change in Control

 

A Change in Control shall mean any of the
following: (i) the merger or consolidation of the Company with, or the sale or disposition of all or substantially all of the assets
of the Company to, any Person other than (A) a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving or parent entity) fifty percent (50%) or more of the combined voting power of the voting securities
of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation; or (B) a merger or
capitalization effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes
the beneficial owner, directly or indirectly (as determined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934),
of securities representing more than the amounts set forth in (ii) below; (ii) the acquisition of direct or indirect beneficial
ownership (as determined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934), in the aggregate, of securities
of the Company representing thirty-five percent (35%) or more of the total combined voting power of the Company’s then issued and
outstanding voting securities by any Person acting in concert as of the date of this Agreement; or (iii) during any period of not
more than twelve (12) months, individuals who at the beginning of such period constitute the Board of Directors of the Company
(referred to herein as the “Board”), and any new director whose election by the Board or nomination for election by
the Company’s shareholders was approved by a vote of at least two-thirds (2⁄3) of the directors then still in office who either
were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for
any reason to constitute at least a majority thereof.

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