Document:

exv10w3

Exhibit 10.3

	 	 	 

	Notice of Long Term Incentive

	 	American Eagle Outfitters, Inc.
	Grant of Restricted

	 	77 Hot Metal Street
	Stock Units and Long Term Incentive

	 	Pittsburgh, PA 15203
	Restricted Stock Units Award Agreement
	 	 

 

	 	 	 	 	 

	Participant ID

	 	Plan:
	 	2005A
	Participant Name

	 	Product ID:	 	 

 

Effective <insert grant date> (the “Grant Date”), you have been granted an award of
<insert shares granted> units of restricted stock (the “RSU’s”) under the American Eagle
Outfitters, Inc. 2005 Stock Award and Incentive Plan, as amended and restated June 16, 2009 (the
“Plan”). Each RSU represents the right to receive one share of American Eagle Outfitters, Inc.
(the “Company”) Common Stock, $0.01 par value per share, at a future point in time. This award
is subject to the terms and conditions contained in this Notice and Agreement, as well as the
terms and conditions of the Plan.

The RSU’s shall remain restricted subject to the risk of being forfeited unless a percentage
determined based on the performance goals for the performance period of service consisting of
the Company’s fiscal year ending <insert period ending date> is earned (the “RSU Target
Percentage”). Performance goals shall be based on the Company’s <insert performance
goal>.

The Compensation Committee of the Company’s Board of Directors (the “Committee”), shall determine
and certify in writing the achievement of the above performance goals after the end of the
performance period based on the financial statements of the Company for <insert period ending
date>. On the date of certification such restrictions will lapse as to the RSU Target
Percentage of Shares (the “Period of Restriction”) and the balance, if any, shall be forfeited.

As provided in the Plan and this Notice and Agreement, this award may terminate before the
restrictions lapse. For example, if your employment with the Company ends before the date the
restrictions lapse, this award will terminate and the RSU’s awarded shall revert to the Company,
except in certain cases where you have signed a separate non-compete/non-solicitation agreement.
You should refer to paragraph 4 of this Notice and Agreement for further information concerning how
changes in employment affect termination of this award.

By signing below, you agree that this award is governed by this Notice and Agreement, and by the
terms and conditions contained in the Plan, as amended from time to time, and incorporated into
this Notice and Agreement by reference.

American Eagle Outfitters, Inc.

	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

Date
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 

     Employee
	 	 
	 	 

Date
	 	 

 

 

TERMS AND CONDITIONS OF RESTRICTED STOCK AWARD

     1. Grant of Award. The Company hereby grants to 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 of the number of restricted stock units (“RSU’s”) of
common stock of the Company set forth on page 1 of this Notice and Agreement, which RSU’s are
granted on the Grant Date, subject to all the terms and conditions in this Notice and Agreement and
in the Company’s 2005 Stock Award and Incentive Plan, as amended and restated June 16, 2009 (the
“Plan”). Each RSU represents the right to receive one share of the Company’s Common Stock, $0.01
par value per share, at a future point in time.

     2. Rights of the Employee with Respect to the Restricted Stock Units.

a) No Shareholder Rights. The RSU’s granted pursuant to this Award do not and shall not entitle
Employee to any rights of a shareholder of Common Stock. The rights of Employee with respect to the
RSU’s shall remain forfeitable at all times prior to the date on which such rights become vested,
and the restrictions with respect to the RSU’s lapse, in accordance with Section 3.

b) Additional Restricted Stock Units. As long as Employee holds RSU’s granted pursuant to this
Award, the Company shall credit to Employee, on each date that the Company pays a cash dividend to
holders of Common Stock generally, an additional number of RSU’s (“Additional RSU’s” ) equal to the
total number of whole RSU’s and Additional RSU’s previously credited to Employee under this Award
multiplied by the dollar amount of the cash dividend paid per share of Common Stock by the Company
on such pay date, divided by the Fair Market Value of a share of Common Stock on such pay date.
Any fractional RSU resulting from such calculation shall be included in the Additional RSU’s. A
report showing the number of Additional RSU’s so credited shall be sent to Employee periodically,
as determined by the Company. The Additional RSU’s so credited shall be subject to the same terms
and conditions as the RSU’s to which such Additional RSU’s relate and the Additional RSU’s shall be
forfeited in the event that the RSU’s with respect to which such Additional RSU’s were credited are
forfeited.

c) Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall
be issued to Employee prior to the date on which the RSU’s vest, and the restrictions with respect
to the RSU’s lapse, as set forth on page 1 of this Notice and Agreement. Neither this Section 2(c)
nor any action taken pursuant to or in accordance with this Section 2(c) shall be construed to
create a trust of any kind. After any RSU’s vest as set forth on page 1 of this Notice and
Agreement, the Company shall promptly cause to be issued one share of common stock for each RSU in
book-entry form, registered in Employee’s name or in the name of Employee’s legal representatives,
beneficiaries or heirs, as the case may be, in payment of such vested whole RSU’s and any
Additional RSU’s,. The value of any fractional RSU shall be rounded up to the nearest whole share
at the time certificates are delivered to Employee in payment of the RSU’s and any Additional
RSU’s.

     3. Removal of Restrictions. Shares of Stock issued pursuant to RSU’s awarded under
the Plan shall be issued as soon as practicable after the last day of the Period of Restriction, as
set forth on page 1 of this Notice and Agreement. The Committee, in its discretion, may accelerate
the time at which any restrictions shall lapse, and remove any restrictions; provided, however,
that the Period of Restriction on RSU’s granted to a Section 16 Person may not lapse until at least
six (6) months after the Grant Date and further subject to the restrictions in the Plan with
respect to Covered Employees. The restrictions with respect to the RSU’s shall lapse and the RSU’s
shall vest in the Employee without restriction to the extent specified in the Plan following any
Change of Control as defined in the Plan.

     After the restrictions have lapsed, the Shares shall be freely transferable by the Employee,
subject to the terms of this Notice and Agreement and the Plan.

     4. Termination
of Service.  The RSU’s as to which restrictions have not lapsed upon the date and time of the
employee’s Termination of Service, for a reason other than the employee’s death, disability or Retirement, shall
terminate and thereupon revert to the Company automatically and without charge to the Company, except (a) in
certain cases following a Change of Control, (b) in case of an involuntary termination by the Company without
cause, or (c) where the Employee has signed a separate non-compete/non-solicitation agreement, and, in each case,
subject to the discretion of the Committee.  Such RSU’s shall thereafter be available for grant under the Plan.  In the
event of a Termination of Service as a result of the Employee’s death, disability or Retirement, all contractual
restrictions shall lapse and the RSU’s shall be vested in full if and to the extent the performance goals for this Award
are achieved.  In the event of a Termination of Service as a result of an involuntary termination by the Company
without cause or where the Employee has signed a separate
non-compete/non-solicitation agreement, then the RSU’s
shall continue to be eligible to be vested if and to the extent the performance goals for this Award are achieved and
subject to proration based on the number of days of Employee’s full time employment during the three fiscal year
period covered by the Award.

     5. Continuous Employment Required. Subject to the provisions of paragraph 4 above,
Restrictions on RSU’s shall not lapse and the RSU’s vest in accordance with any of the provisions
of this Notice and Agreement unless Employee shall have been continuously employed by the Company
or by one of its Affiliates from the date of the award until the date such restrictions are deemed
to have lapsed.

 

 

     6. Forfeiture of Award. Notwithstanding anything in this Notice and Agreement to the
contrary, the RSU’s represented by this Award may be forfeited in accordance with the provisions of
Section 10 of the Plan.

     7. Withholding Taxes. Notwithstanding anything in this Notice and Agreement to the
contrary, no certificate representing Stock may be issued unless and until Employee shall have
delivered to the Company or its designated Affiliate, the full amount of any federal, state or
local income and other withholding taxes. Payment of withholding taxes must be made by returning
shares back to the Company.

     8. Beneficiary Designation. If permitted by the Committee, Employee may name a
beneficiary or beneficiaries to whom any vested but unpaid award shall be paid in the event of
Employee’s death. In order to be effective, a beneficiary designation must be made by the Employee
in a form and manner acceptable to the Company. If Employee fails to make an effective beneficiary
designation, or if no such beneficiary survives Employee, then the vested but unpaid benefits
remaining at the Employee’s death shall be paid to the Employee’s estate.

     9. Non-transferability of Award. Until the end of the Period of Restriction set forth
on page 1 of this Notice and Agreement, the RSU’s granted herein and the rights and privileges
conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated (by operation of law or otherwise) other than: (a) by will; (b) by the laws of descent
and distribution; or (c) as provided in Section 11(b) of the Plan.

     10. Conditions to Issuance of Shares. The shares of stock deliverable to Employee
may be either previously authorized but unissued shares or issued shares which have been reacquired
by the Company. The Company shall not be required to issue any certificate or certificates for
shares of stock hereunder prior to fulfillment of all of the following conditions: (a) The
admission of such shares to listing on all stock exchanges on which such class of stock is then
listed; (b) The completion of any registration or other qualification of such shares under any
State or Federal law or under the rulings or regulations of the Securities and Exchange Commission
or any other governmental regulatory body, which the Committee shall, in its absolute discretion,
deem necessary or advisable; (c) The obtaining of any approval or other clearance from any State or
Federal governmental agency, which the Committee shall, in its absolute discretion, determine to be
necessary or advisable; and (d) The lapse of such reasonable period of time following the date of
grant of the RSU’s as the Committee may establish from time to time for reasons of administrative
convenience.

     12. Plan Governs. This Notice and 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 Notice
and Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern.
Undefined capitalized terms used in this Notice and Agreement shall have the meanings set forth in
the Plan.

     13. No Right to Continued Employment. Employee understands and agrees that this
Notice and Agreement does not impact in any way the right of the Company, or any Affiliate of the
Company employing Employee, to terminate the employment or change the terms of the employment of
Employee at any time for any reason whatsoever, with or without cause. Employee understands and
agrees that his or her employment with the Company or an Affiliate is on an “at-will” basis only.

     14. Addresses for Notices. Any notice to be given to the Company under the terms of
this Notice and Agreement shall be addressed to the Company, in care of General Counsel, at
American Eagle Outfitters, Inc., 77 Hot Metal Street, Pittsburgh, PA 15203, or at such other
address as the Company may hereafter designate in writing. Any notice to be given to Employee
shall be addressed to Employee at the address set forth on page 1 of this Notice and Agreement, or
at such other address for Employee maintained on the books and records of the Company.

     15. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Notice and Agreement.

     16. Agreement Severable. In the event that any provision in this Notice and
Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such
invalidity or unenforceability shall not be construed to have any effect on, the remaining
provisions of this Notice and Agreement.exv4w2

Exhibit 4.2

 

SUPPLEMENTAL INDENTURE

Dated as of May 25, 2011

among

RETAIL VENTURES, INC.,

DSW MS LLC

and

HSBC Bank USA, National Association, as Indenture Trustee

 

 

 

          SUPPLEMENTAL INDENTURE, dated as of May 25, 2011 (this “Supplemental Indenture”), among Retail
Ventures, Inc., an Ohio corporation (the “Initial Issuer”), DSW MS LLC, an Ohio limited liability
company (the “Successor”), and HSBC Bank USA, National Association, a national banking association,
acting as indenture trustee (the “Indenture Trustee”). Capitalized terms used and not otherwise
defined in this Supplemental Indenture shall have the meanings ascribed to such terms in the
Indenture.

RECITALS

          WHEREAS, the Initial Issuer and the Indenture Trustee entered into the Indenture, dated as of
August 16, 2006 (the “Indenture”), providing, among other things, for the issuance of the Initial
Issuer’s 6.625% Mandatorily Exchangeable Notes due September 15, 2011, or PIES (Premium Income
Exchangeable SecuritiesSM) (the “Notes”);

          WHEREAS, the Initial Issuer, DSW Inc., an Ohio Corporation (“DSW”), and the Successor have
executed definitive documentation, that provides for the merger of the Initial Issuer with and into
the Successor (the “Merger”), in accordance with the applicable provisions of the Ohio General
Corporation Law (the “OGCL”) and the Ohio Limited Liability Company Law (the “OLLCL”);

          WHEREAS, the Merger shall become effective upon the filing of a Certificate of Merger with the
Secretary of State of the State of Ohio or at such time thereafter as is agreed upon in writing by
DSW and the Initial Issuer and provided for in the Certificate of Merger (the “Merger Effective
Time”);

          WHEREAS, at the Merger Effective Time, the Initial Issuer shall be merged with and into the
Successor and the separate existence of the Initial Issuer shall cease and the Successor shall
continue as the surviving entity in the Merger;

          WHEREAS, Section 8.01 of the Indenture provides that the Initial Issuer and the Indenture
Trustee may, without the consent of the Holders of the Notes, enter into a supplemental indenture
for the purpose of evidencing the succession of another Person to the Initial Issuer’s obligations
under the Indenture;

          WHEREAS, Section 9.01 of the Indenture provides, among other things, that the Initial Issuer
may merge with or into any other Person if (i) the successor entity (if other than the Initial
Issuer) is a corporation or limited liability company organized and validly existing under the laws
of the United States of America, any state of the United States of America or the District of
Columbia and, upon any such merger, expressly assumes all of the Initial Issuer’s obligations under
the Notes, the Indenture and the Collateral Agreement by supplemental indenture in a form
satisfactory to the Indenture Trustee; (ii) immediately after giving effect to the merger, no
default or Event of Default has occurred or is continuing under the Notes, the Indenture or the
Collateral Agreement, as applicable; and (iii) the Initial Issuer shall have delivered to the
Indenture Trustee an Officers’ Certificate and an Opinion of Counsel;

          WHEREAS, Section 10(a)(i) of the Collateral Agreement provides that the Initial Issuer, the
Collateral Agent, the Indenture Trustee and the Securities Intermediary may, without the consent of
the Holders, amend the Collateral Agreement to evidence the succession of

 

 

another Person to the Initial Issuer and the assumption by any such successor of the covenants
of the Initial Issuer;

          WHEREAS, the Merger will comply with the aforementioned requirements of Section 9.01 of the
Indenture, and all documentation required under the Indenture to be delivered to the Indenture
Trustee in connection with the Merger and this Supplemental Indenture has been so delivered;

          WHEREAS, each of the Initial Issuer, the Successor and the Indenture Trustee have been duly
authorized to enter into this Supplemental Indenture to evidence the Successor’s succession to the
Initial Issuer’s obligations under the Indenture; and

          WHEREAS, all acts, conditions precedent and requirements necessary to make this Supplemental
Indenture a valid, binding and legal agreement enforceable in accordance with its terms for the
purposes expressed herein, have been duly done and performed.

          NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

          For and in consideration of the premises and the covenants and agreements contained herein,
and for other good and valuable consideration the receipt of which is hereby acknowledged, the
Initial Issuer, the Successor and the Indenture Trustee hereby agree as follows:

ARTICLE I

REPRESENTATIONS AND WARRANTIES

     Section 1.01. The Successor represents and warrants to the Indenture Trustee as follows:

	 	(i)	 	It is duly organized, validly existing and in good
standing under the laws of the State of Ohio; and
	 
	 	(ii)	 	The execution, delivery and performance by it of this
Supplemental Indenture have been authorized and approved by all necessary
limited liability company action.

     Section 1.02. Each of the Initial Issuer and the Successor represents and warrants to the
Indenture Trustee that the Merger shall become effective at the Merger Effective Time, and the
Successor shall, in accordance with the OGCL and the OLLCL, possess (i) all assets and property of
every description of the Initial Issuer and every interest in the assets and property of the
Initial Issuer, wherever the assets, property, and interests are located; (ii) the rights,
privileges, immunities, powers, franchises, and authority, whether of a public or a private nature,
of the Initial Issuer; and (iii) all obligations belonging or due to the Initial Issuer.

 

 

ARTICLE II

ASSUMPTION AND AGREEMENT OF THE SUCCESSOR

     Section 2.01. In accordance with Sections 8.01 and 9.01 of the Indenture, effective as of the
Merger Effective Time, the Successor hereby expressly assumes all the obligations of the Initial
Issuer under the Notes, the Indenture and the Collateral Agreement.

     Section 2.02. In accordance with Section 9.02 of the Indenture, effective as of the Merger
Effective Time, the Successor shall succeed to, and be substituted for, and may exercise every
right and power of, the Issuer under the Indenture and the Notes with the same effect as if the
Successor had been named as “Issuer” in the Indenture and the Notes.

ARTICLE III

MISCELLANEOUS

     Section 3.01. This Supplemental Indenture shall become effective as of the Merger Effective
Time.

     Section 3.02. Except as expressly amended hereby, the Indenture and the Notes are in all
respects ratified and confirmed, and all the terms, conditions and provisions thereof shall remain
in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Notes heretofore or hereafter authenticated shall be bound hereby.

     Section 3.03. This Supplemental Indenture shall be governed by, and construed in accordance
with, the laws of the State of New York.

     Section 3.04. In case any provision in this Supplemental Indenture shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions hereof and
thereof shall not in any way be affected or impaired thereby.

     Section 3.05. This Supplemental Indenture may be executed in any number of counterparts by the
parties hereto on separate counterparts, each of which, when so executed and delivered, shall be
deemed an original, but all such counterparts shall together constitute one and the same
instrument.

     Section 3.06. The Article and Section headings herein are for convenience only and shall not
affect the construction hereof.

     Section 3.07. The Indenture Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Initial Issuer and the
Successor.

[Signature page follows]

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first written above.

	 	 	 	 	 
	 	RETAIL VENTURES, INC.

 	 
	 	By  	        /s/ James A. McGrady
 	 
	 	 	Name:  	James A. McGrady 	 
	 	 	Title:  	Chief Executive Officer,

Chief Financial Officer,

President and Treasurer 	 
	 
	 	DSW MS LLC

 	 
	 	By  	        /s/ William L. Jordan
 	 
	 	 	Name:  	William L. Jordan 	 
	 	 	Title:  	Executive Vice President,

General Counsel and Secretary 	 
	 
	 	HSBC BANK USA, NATIONAL ASSOCIATION, as

Indenture Trustee

 	 
	 	By  	       /s/ Ignazio Tamburello
 	 
	 	 	Name:  	Ignazio Tamburello 	 
	 	 	Title:  	Vice President

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