Document:

Form of Amended and Restated 2001 Long-Term Incentive Plan

 EXHIBIT 10.27 
 WILLIAMS-SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 
 AMENDED AND RESTATED RESTRICTED STOCK UNIT
AWARD AGREEMENT 
  

									
	Name:	  	[Name]	 	Employee ID #:	 	[ID Number]	 	
					
	Award Date:	  	[Date]	 	Award Date FMV:	 	$[FMV]	 	
					
	 Amendment and
 Restatement Date:

	  	[Date]	 	Number of RSUs:	 	[NUMBER]	 	

  

	1.	Award. This Amended and Restated Restricted Stock Unit Award Agreement (the “Agreement”) amends and replaces your original [Date], 2006 Restricted
Stock Unit Award in its entirety. Williams-Sonoma, Inc. (the “Company”) has awarded you the number of Restricted Stock Units indicated above. Under this award of Restricted Stock Units (this “Award”), each Restricted Stock Unit
entitles you to receive one share of common stock (“Common Stock”) of the Company upon the terms and subject to the conditions set forth in the Company’s 2001 Long-Term Incentive Plan (the “Plan”) and this Agreement. Prior
to the distribution of any shares of Common Stock, this Award represents an unsecured obligation, payable only from the general assets of the Company. 

  

	2.	[INSERT VESTING SCHEDULE] 

 The number of shares of
Common Stock issued upon vesting will be net of shares withheld by the Company to satisfy the minimum statutorily required federal, state and local withholding obligations. Shares of Common Stock payable to you under this Award will be issued to you
or, in case of your death, your beneficiary designated in accordance with the procedures specified by the Administrator. If, at the time of your death, there is not an effective beneficiary designation on file or you are not survived by your
designated beneficiary, the shares will be issued to the legal representative of your estate. 
  

	3.	Termination and Certain Transactions. 

  

	 	(a)	If you cease to be employed due to your death, Disability or Retirement, 100% of the then-unvested Restricted Stock Units awarded hereby will vest as of the first business day of
the month following the date of termination of your employment. “Retirement” is defined as having attained at least 55 years of age and at least 10 years of completed service with the Company or its subsidiaries.
“Disability” is defined as any one or more of the following: (i) your being unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to last for a
continuous period of not less than twelve (12) months; (ii) you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not
less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under the Company’s accident and health plan covering the Company’s employees; or (iii) you have been
determined to be totally disabled by the Social Security Administration. 

	 	(b)	If you cease to be employed other than due to a termination described in (a) above, all of the then-unvested Restricted Stock Units (including dividend equivalents) awarded
hereby shall immediately terminate without notice to you and shall be forfeited. 

  

	 	[(c)	In the event of a Transaction, other than a dissolution, liquidation, or corporate reorganization of the Company, 100% of the then-unvested Restricted Stock Units awarded hereby
will vest as of the first business day of the month following the effective date of the Transaction.] 

  

	4.	Dividend Equivalents. During the period beginning on the Award Date as indicated above and ending on the date that the Restricted Stock Unit is settled or terminates,
whichever occurs first, you will receive cash payments based on and payable at approximately the same time as the cash dividend that would have been paid on the Restricted Stock Unit had the Restricted Stock Unit been an issued and outstanding share
of Common Stock on the record date for the dividend. Dividend equivalent payments will be net of federal, state and local withholding taxes. 

  

	5.	Tax Withholding. The Company will withhold from the number of shares of Common Stock otherwise issuable under this Award a number of shares necessary to satisfy the minimum
statutorily required federal, state and local tax withholding obligations. Shares will be valued at their Fair Market Value when the taxable event occurs. 

  

	6.	Deferral. Subject to the Administrator’s determination that this right of deferral or any term thereof complies with applicable laws or regulations in effect from time
to time, at any time at least 12 months prior to the vesting date, you may make a one-time election to defer the issuance of the Common Stock issuable with respect to all (but not less than all) of the Restricted Stock Units scheduled to vest
on that date until a specified year not less than five years and not more than ten years beyond the original vesting date. In the event of such determination, the Administrator may, in its discretion, deny you this right of deferral altogether,
modify such terms and/or add such requirements as it deems necessary or advisable to comply with applicable law and regulations. 

  

	7.	Timing of Payment/Section 409A. 

  

	 	(a)	 Subject to the provisions of Section 5, any deferrals made pursuant to Section 6 and the provisions of this Section 7, shares of Common Stock will be
issued in payment of the Award as soon as practicable after vesting (but no later than two-and-one-half months after the vesting date). You will have no right to receive shares under this Award unless and until the Restricted Stock Units vest.
Notwithstanding the foregoing, if (x) you are a “specified employee” within the meaning of Section 409A at the time your employment terminates, and (y) the payment of your Restricted Stock Units on or following your
employment termination would result in the imposition of additional tax under Section 409A, any Restricted Stock Units that would otherwise be payable on or following your employment termination date will instead be paid on the date that is six
(6) months and one (1) day following your employment termination date (or such longer period as is required to avoid the imposition of additional tax under Section 409A), unless you die following your employment 

  

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termination, in which case the Restricted Stock Units will be paid to your estate as soon as practicable following your death, subject to paragraph 5
and any deferrals made pursuant to Section 6. 

  

	 	(b)	If the Administrator, in its discretion, accelerates the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units subject to this Award, the
payment of such accelerated Restricted Stock Units shall, subject to the provisions of Section 5, any deferrals made pursuant to Section 6 and Section 7(c), be made at the same time or times as if such Restricted Stock Units had
vested in accordance with the vesting schedule set forth in Section 2 of this Agreement (whether or not you remain employed by the Company or its Subsidiaries through such date(s)). 

  

	 	(c)	Subject to the provisions of Section 5 and any deferrals made pursuant to Section 6, any Restricted Stock Units subject to this Award that vest as a result of a
Transaction that qualifies as a change in the ownership or effective control of the Company or a change in the ownership of a substantial portion of the Company’s assets, each within the meaning of Section 409A (each, a “409A Change
of Control”) will be paid as soon as practicable after vesting (but no later than two-and-one-half months after the vesting date). Subject to the provisions of Section 5 and any requirements related to a deferral made pursuant to
Section 6, any Restricted Stock Units subject to this Award that vest as a result of a Transaction that does not qualify as a 409A Change of Control will be made at the same time or times as if such Restricted Stock Units had vested in
accordance with the vesting schedule set forth in Section 2 of this Agreement (whether or not you remain employed by the Company or its Subsidiaries through such date(s)). 

  

	 	(d)	For purposes of this Agreement, “Section 409A” means Section 409A of the U.S. Internal Revenue Code of 1986, as amended, and any final Treasury Regulations and other
Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

  

	 	(e)	It is the intent of this Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units awarded hereby or the shares issued in payment
thereof will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. 

  

	8.	Nontransferable. You may not sell, assign, pledge, encumber or otherwise transfer any interest in the Restricted Stock Units or the right to receive dividend equivalents
except as permitted by the Plan. 

  

	9.	Other Restrictions. The issuance of Common Stock under this Award is subject to compliance by the Company and you with all applicable legal requirements, including tax
withholding obligations, and with all applicable regulations of any stock exchange on which the Common Stock may be listed at the time of issuance. The Company may delay the issuance of shares of Common Stock under this Award to ensure at the time
of issuance there is a registration statement for the shares in effect under the Securities Act of 1933. 

  

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	10.	Additional Provisions. The Restricted Stock Units awarded hereby, and this Agreement representing the terms of such Award, are subject to the provisions of the Plan.
Capitalized terms not defined in this Agreement are used as defined in the Plan. If the Plan and this Agreement are inconsistent, the provisions of the Plan will govern. Interpretations of the Plan and this Agreement by the Committee are binding on
you and the Company. 

  

	11.	No Employment Agreement. Neither the award to you of the Restricted Stock Units nor the delivery to you of this Agreement or any other document relating to the Restricted
Stock Units will confer on you the right to continued employment with the Company or any Affiliate. 

  

	12.	Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered, and expressly supersedes all prior understandings,
whether written or oral, including the original January 6, 2006 agreement relating to this Award. You expressly warrant that you are not accepting this Award or this Agreement representing the terms of the Award 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 contract executed by a duly authorized officer of the Company. Notwithstanding anything to the
contrary in the Plan or this Agreement, the parties agree to work in good faith to revise this Agreement as necessary or advisable to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under
Section 409A in connection to this Award of Restricted Stock Units. 

  

					
	 	 	[Participant Name]:
		
	Dated:                     , 2007	 	  

		
		 	Williams-Sonoma, Inc.:
			
	Dated:                     , 2007	 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

 -4-Form of Williams-Sonoma, Inc. 2001 Long-Term Incentive Plan

 EXHIBIT 10.31 
 WILLIAMS–SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 
 STOCK-SETTLED STOCK APPRECIATION RIGHT
AWARD AGREEMENT 
  

			
	 Name: «Name»
	  	SSN: «Social»
		
	Grant Date: «OPTION_DATE»	  	Per Share Exercise Price: $
		
	Number of SSARs: «SHARES»	  	Vesting: [Vests in full on the earlier of: (i) the date that is one (1) day prior to the date of the annual meeting of the Company’s shareholders next following the Grant Date
(approximately one (1) year from the Grant Date), or (ii) the one (1) year anniversary of the Grant Date.]

  

	1.	Award. Williams-Sonoma, Inc. (the “Company”), has awarded you the number of Stock-Settled Stock Appreciation Rights (“SSARs”) indicated above. Each SSAR
entitles you to purchase one share of Common Stock of the Company, at the per share exercise price set forth above (the number and exercise price of the SSARs may be adjusted in accordance with Section 3(c) of the Plan), subject to the terms
and conditions set forth in the Company’s 2001 Long-Term Incentive Plan (the “Plan”) and this Award Agreement. Prior to the distribution of any shares hereunder, this Award represents an unsecured obligation, payable only from the
general assets of the Company. 

  

	2.	Vesting and Exercise of SSAR. This SSAR shall become vested and exercisable on the earlier of: (i) the date that is one (1) day prior to the date of the annual
meeting of the Company’s shareholders next following the Grant Date (approximately one (1) year from the Grant Date), or (ii) the one (1) year anniversary of the Grant Date, subject to your continued continuous service as a
Non-employee Director or employee of the Company or a Subsidiary (“Service”) on such vesting date. If your Service with the Company or a Subsidiary terminates, the SSAR may be exercised only as described in paragraph 3 below. Except as
provided by paragraph 5 below, while you are alive, the SSAR may be exercised only by you or your legal representative. 

 To
exercise all or part of the SSAR you must deliver a “Notice of Exercise,” in such form as the Company authorizes. You shall not have any rights as a stockholder with respect to the shares of Common Stock subject to the SSAR until you have
exercised the SSAR for such shares. 
 Upon exercise, the number of shares of Stock issued will be net of (i) shares with a Fair Market
Value equal to the aggregate exercise price of the exercised shares, and (ii) shares withheld by the Company to satisfy the minimum statutorily required tax withholding obligations, if any. The remaining shares of Stock will be issued to you
or, in case of your death, your beneficiary designated in accordance with the procedures specified by the Administrator. If at the time of your death, there is not an effective beneficiary designation on file or you are not survived by your
designated beneficiary, the shares will be issued to the legal representative of your estate. 
  

	3.	Term of SSAR, Termination and Certain Transactions 

 The term of this SSAR commences on [DATE] and ends on [DATE] (the “Expiration Date”). In no event may this SSAR be exercised later than the “Expiration Date”. Notwithstanding the foregoing, in no event shall the
Expiration Date be a date that is more than (10) years from the date of grant. If you cease to provide Service as a Non-employee Director or employee, all then unvested SSARs awarded hereby shall immediately terminate without notice to you and
shall be forfeited. In such event, you shall have until the Expiration Date to exercise any vested SSARs, after which date the SSARs shall immediately terminate without notice to you and shall be forfeited. Notwithstanding the foregoing, if your
Service with the Company or its Subsidiaries ceases by reason of your death or permanent disability, then 100% of the then unvested SSARs shall vest as of the first business day of the month following the date of termination of your service.

  

	4.	Tax Withholding. The Company will withhold from the number of shares of Common Stock otherwise issuable hereunder a number of shares necessary to satisfy the minimum
statutorily required tax withholding obligations. Shares will be valued at their Fair Market Value when the taxable event occurs. 

	5.	Nontransferable. Except as provided herein, this SSAR may not be transferred in any manner otherwise than by will or by the laws of descent or distribution or to a
beneficiary designated pursuant to the Plan, and may be exercised during your lifetime only by you. This SSAR may be transferred during your lifetime to one or more members of your “immediate family” (as such term is defined pursuant to
Rule 701 of the Securities Exchange Act of 1933, as amended, and the regulations thereunder) or to trusts for the benefit of such family members, provided that the transferee agrees in writing with the Company to be bound by all of the terms and
conditions of the Plan and this Agreement. Subject to all of the other terms and conditions of this Agreement, following your death, this SSAR may, to the extent it remained unexercised (but vested and exercisable by you in accordance with its
terms) on the date of death, be exercised by your beneficiary or other person entitled to exercise this SSAR in the event of your death under the Plan. 

  

	6.	Other Restrictions. The issuance of Common Stock hereunder is subject to compliance by the Company and you with all applicable legal requirements applicable thereto,
including tax withholding obligations, and with all applicable regulations of any stock exchange on which the Common Stock may be listed at the time of issuance. The Company may delay the issuance of shares of Common Stock hereunder to ensure at the
time of issuance there is a registration statement for the shares in effect under the Securities Act of 1933. 

  

	7.	Additional Provisions. This Award is subject to the provisions of the Plan. Capitalized terms not defined in this Award are used as defined in the Plan. If the Plan and this
Award are inconsistent, the provisions of the Plan will govern. The Plan and this Award represent the entire agreement of you and the Company with respect to this Award and supersede in their entirety all prior undertakings and agreements of the
Company and you with respect to this Award and may not be modified except by means of a written agreement between the Company and you. Interpretations of the Plan and this Award by the Committee are binding on you and the Company.

  

	8.	No Employment Agreement. Neither the award to you of the SSAR nor the delivery to you of this Award Agreement or any other document relating to the SSARs will confer on you
the right to continued employment or Service with the Company or any Subsidiary. 

  

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