Document:

2001 Long-Term Incentive Plan Restricted Stock Unit Award Term Sheet

 Exhibit 10.2 
 WILLIAMS–SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD TERM SHEET

  

			
	 Name:
	 	Soc. Sec. No.:
		
	 Grant Date:
	 	Grant Date FMV:
		
	 Number of RSUs:
	 	Vesting:

  

	1.	Award. Williams-Sonoma, Inc. (the “Company”), has awarded you the number of Restricted Stock Units indicated above. Each Restricted Stock Unit entitles you to
receive one share of 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 Award. Prior to the distribution of any shares, this Award
represents an unsecured obligation, payable only from the general assets of the Company. 

 Except as specified herein, shares
of Common Stock will be issued to you or, in case of your death, your beneficiary designated in accordance with the procedures specified by the Administrator on or shortly following the vesting date. 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. 
  

	2.	Termination.  

  

	 	(a)	General Rule. If you cease to provide service as a Non-employee Director or employee of the Company or a Subsidiary, other than due to a termination described
in 2(b) or (c) below, all then unvested Restricted Stock Units (including dividend equivalents thereon) awarded hereby shall immediately terminate without notice to you and shall be forfeited. 

  

	 	(b)	General Rule for Death or Disability. Except as provided in 2(c) below, if you cease to provide service as a Non-employee Director or employee of the Company or a
Subsidiary due to your death or permanent disability, then 100% of the then unvested Restricted Stock Units awarded hereby will vest and be delivered to you, your estate, or your personal representative (as appropriate) on the first business day of
the month following the date upon which your service terminates. 

  

	 	(c)	Disability following Share Deferral. If (i) you have elected to defer receipt of your shares such that this Award is subject to Code Section 409A,
(ii) you cease to provide service as a Non-employee Director or employee of the Company or a Subsidiary due to your permanent disability, and (iii) in the unlikely event that you are a “specified employee” within the meaning of
Code Section 409A at the time of your termination of service due to your permanent disability, then 100% of the then unvested Restricted Stock Units awarded hereby will vest as of the first business day of the month following the date upon
which your service terminates; however delivery of the related shares of Common Stock shall be delayed to the date that is six (6) months and one (1) day following the date upon which your service terminates. 

	3.	Certain Corporate Events.  

  

	 	(a)	General Rule for Transaction. In the event of a Transaction, other than a dissolution, liquidation, or corporate reorganization of the Company, if you have not elected
to defer receipt of your shares, then 100% of the then unvested Restricted Stock Units awarded hereby will vest and the related shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such
Transaction) will be delivered to you on the date upon which such Transaction is consummated. 

  

	 	(b)	Transaction Following Share Deferral. In the event of a Transaction, other than a dissolution, liquidation, or corporate reorganization of the Company, if you have
elected to defer receipt of your shares such that this Award is subject to Code Section 409A, then 100% of the then unvested Restricted Stock Units awarded hereby will vest on the date upon which such Transaction is consummated.

 If such Transaction qualifies as a change in the ownership or effective control of the Company under Code Section 409A,
then the related shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) will be delivered to you on the date upon which such Transaction is consummated, except that in
the unlikely event you are a “specified employee” within the meaning of Code Section 409A at the time of such Transaction, delivery of the related shares of Common Stock (or the consideration shareholders generally received for such
Common Stock) will be delayed to the date that is six (6) months and one (1) day following the date upon which your service terminates. 
 If such Transaction does not qualify as a change in the ownership or effective control of the Company under Code Section 409A, then the related shares of Common Stock (or the per share consideration received by a majority of the
holders of such Common Stock in such Transaction) will be delivered to you on the same dates specified in your deferral election. 
  

	4.	[Dividend Equivalents. During the period beginning on the grant 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.] 

  

	5.	Tax Withholding. Although currently there are generally no tax withholding requirements for US non-employee directors, in the event tax withholding is required with respect
to this Award, 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. If permitted by the Administrator, the issuance of the Common Stock issuable with respect to this Award may be deferred upon such terms and conditions as determined
by the Administrator, subject to the Administrator’s determination that any such right of deferral or any term thereof complies with applicable laws or regulations in effect from time to time, including but not limited to Section 409A.

  

	7.	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
thereon except as permitted by the Plan. 

  

	8.	 Other Restrictions. The issuance of Common Stock under this Award is subject to compliance by the Company and you with all applicable legal requirements
applicable thereto 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. 

  

	9.	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, except as specifically provided herein. Interpretations of the Plan and this Award by the Committee are binding on you and the Company. 

  

	10.	No Employment Agreement. Neither the award to you of the Restricted Stock Units nor the delivery to you of this Award or any other document relating to the Restricted Stock
Units will confer on you the right to continued employment or service with the Company or any Affiliate.2001 Long-Term Incentive Plan Stock-Settled Stock Appreciation Right Award Agrmt

 Exhibit 10.3 
 WILLIAMS–SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 
 STOCK-SETTLED STOCK APPRECIATION RIGHT
AWARD AGREEMENT 
  

			
	 Name:
	 	SSN:
		
	 Grant Date:
	 	Per Share Exercise Price:
		
	 Number of SSARs:
	 	Vesting:

  

	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, 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.	Term, Vesting and Exercise of SSAR. The term of this SSAR commences on [DATE] and ends on [DATE], provided that you provide continuous service as a Non-employee Director or
employee of the Company or a Subsidiary (“Service”). In no event may this SSAR be exercised later than [DATE]. 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 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. 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. 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.	Termination and Certain Transactions 

 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 ninety (90) days following your Service
termination (or if less, the original SSAR term) 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. If your Service terminates due to
your death, or if you die within the thirty (30) day period after your Service to the Company or its Subsidiaries ends, any of your vested SSARs hereunder may be exercised by your estate, personal representative or beneficiary who has acquired
the SSARs by will or by the laws of descent and distribution, at any time prior to the earlier of the original SSAR term or one hundred eighty (180) days from the date of your death. Additionally, if you cease to provide Service to the Company
or the Company’s Subsidiaries by reason of your permanent disability, you shall have the right to exercise your vested SSARs at any time prior to the earlier of the original SSAR term or one hundred eighty (180) days from the date your
Service terminates. 
  

	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. You may not sell, assign, pledge, encumber or otherwise transfer any interest in the SSARs. 

  

	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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