Document:

Performance-Based Stock Unit Award

 Exhibit 10.2 
 THE WALT DISNEY COMPANY 
 Performance-Based 
 Stock Unit Award 
 AWARD
AGREEMENT, dated as of                     , between The Walt Disney Company, a Delaware corporation (“Disney”), and
                     (the “Participant”). This Award is granted by the Compensation Committee of the Disney Board of Directors (the
“Committee”) pursuant to the terms of the 2002 Executive Performance Plan (the “Plan”), and pursuant to the terms of the Amended and Restated [1995] [2005] Stock Incentive Plan (the “Stock Plan”). The applicable terms
of the Plan and the Stock Plan are incorporated herein by reference, including the definitions of terms contained therein. 
 1. Stock
Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of          “Stock Units.” The Stock Units are notional units of measurement
denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. 
 2. Vesting Requirements. The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in
Section 3 below) shall be subject to the satisfaction of the conditions set forth in both subsection A and subsection B of this Section 2: 
 A. Performance Vesting Requirement. The Award shall be subject to performance vesting requirements with respect to two installments (“Tranche A” and “Tranche B”), each of which shall be in
the amount of 50% of the total number of Stock Units granted hereunder, based upon the achievement of the Performance Target(s) applicable to the Performance Periods specified below, subject to certification of achievement of such Performance
Target(s) by the Committee pursuant to Section 4.8 of the Plan (and to compliance with subsection B of this Section 2). The respective Performance Target(s) (and the Business Criteria to which they relate) shall be established by the
Committee not later than 90 days following the beginning of each Performance Period. If the Performance Target(s) for a Performance Period are not satisfied, the applicable portion of the Award shall be immediately forfeited. The Performance Periods
for the Stock Units granted hereunder shall be as follows: 
  

			
	 Performance Period
	  	Stock Units
	 Fiscal 200   and 200  
	  	[number of units] (Tranche A)
	 Fiscal 200   and 200  
	  	[number of units] (Tranche B)

 B. Service Vesting Requirement. In addition to the performance vesting requirement of subsection A
of this Section 2, the right of the Participant to receive payment of this Award shall become vested only if he or she remains continuously employed by Disney or an Affiliate from the date hereof until the second anniversary of the date of
grant of this Award for Tranche A and the fourth anniversary of the date of grant for Tranche B; provided, however, that, nothing set forth herein shall be deemed to modify, qualify, or otherwise derogate from, the requirement of
Section 4.8 of the Plan that the Committee certify in writing that the applicable Performance Target(s) of Section 2.A above have been satisfied prior to the payment of any amount to the Participant under this Award. If this service
vesting requirement is not satisfied, this Award (or the remaining unvested portion thereof) shall be immediately forfeited and shall not become payable. 
 All Stock Units for which all of the requirements of this Section 2 have been satisfied shall become vested and shall thereafter be payable in accordance with Section 5 hereof. 
 Section 3. Accelerated Vesting. Notwithstanding the terms and conditions of Section 2 hereof, upon the Participant’s death or disability
(within the meaning of Section 409A of the Internal Revenue Code), or upon the occurrence of a Triggering Event within the 12-month period following a Change in Control in accordance with Section 11 of the Stock Plan as in effect on the
date hereof (provided, in each case, that the Participant is employed by Disney (or an Affiliate) at the time of such death, disability or occurrence of a Triggering Event), this Award shall become fully vested and shall be payable in accordance
with Section 5 hereof to the extent that it has not previously been forfeited. In addition, if the Participant is employed pursuant to an employment agreement with Disney, any provisions thereof relating to the effect of a termination of the
Participant’s employment upon his or her rights with respect to this Award, including, without limitation, any provisions regarding acceleration of vesting and/or payment of this Award in the event of termination of employment, shall be fully
applicable and supersede any provisions hereof with respect to the same subject matter. 
 Section 4. Dividend Equivalents. Any
dividends paid in cash on Shares of Disney will be credited to the Participant as additional Stock Units as if the Stock Units previously held by the Participant were outstanding Shares, as follows: Such credit shall be made in whole and/or
fractional Stock Units and shall be based on the fair market value (as defined in the Stock Plan) of the Shares on the date of payment of such dividend. All such additional Stock Units shall be subject to the same vesting requirements applicable to
the previously held Stock Units in respect of which they were credited and shall be payable in accordance with Section 5 hereof. 
 Section 5. Payment of Award. Payment of vested Stock Units shall be made within 30 days following the later of: 
 (i) the
date as of which all of the applicable vesting requirements under Section 2 hereof shall have been satisfied for Tranche A or Tranche B, as applicable, or 
 (ii) the date of certification of achievement of the applicable Performance Target(s) by the Committee as required under Sections 2.A and 2.B hereof, 

  

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(or within 30 days following acceleration of vesting, if applicable). The Stock Units shall be paid in cash or in Shares (or some combination thereof), as
determined by the Committee in its discretion at the time of payment, and in either case shall be paid to the Participant after deduction of applicable minimum statutory withholding taxes. 
 Section 6. Restrictions on Transfer. Neither this Stock Unit Award nor any Stock Units covered hereby may be sold, assigned, transferred,
encumbered, hypothecated or pledged by the Participant, other than to Disney as a result of forfeiture of the units as provided herein and as provided in Section 6 of the Plan. The Stock Units constitute Restricted Units as defined in
Section 2.2 of the Plan. 
 Section 7. No Voting Rights. The Stock Units granted pursuant to this Award, whether or not vested,
will not confer any voting rights upon the Participant, unless and until the Award is paid in Shares. 
 Section 8. Award Subject to
Plans. This Stock Unit Award is subject to the terms of the Plan and the Stock Plan, the terms and provisions of which are hereby incorporated by reference. In the event of a conflict or ambiguity between any term or provision contained herein
and a term or provision of the Plan or the Stock Plan, the Plan or the Stock Plan (as applicable) will govern and prevail. 
 Section 9.
Changes in Capitalization. The Stock Units under this Award shall be subject to the provisions of the Stock Plan relating to adjustments for changes in corporate capitalization. 
 Section 10. No Right of Employment. Nothing in this Award Agreement shall confer upon the Participant any right to continue as an employee of
Disney or an Affiliate nor interfere in any way with the right of Disney or an Affiliate to terminate the Participant’s employment at any time or to change the terms and conditions of such employment. 
 Section 11. Governing Law. This Award Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without
giving effect to the choice of law principles thereof. 
  

			
	THE WALT DISNEY COMPANY
		
	By:	 	  
		 	 Name:
 Title:

	
	PARTICIPANT
	
	  

  

 3Restricted Stock Unit Award (Bonus Related)

 Exhibit 10.3 
 THE WALT DISNEY COMPANY 
 Restricted Stock Unit Award Agreement (Bonus-Related)

 This AWARD AGREEMENT (the “Agreement”) is between
                     (“Participant”) and The Walt Disney Company (“Disney”), in connection with the Restricted
Stock Unit award granted to Participant on                     , by the Compensation Committee of the Board of Directors (the
“Committee”) of Disney pursuant to the terms of the 2002 Executive Performance Plan (the “Plan”) and the Amended and Restated [1995][2005] Stock Incentive Plan (the “Stock Plan”). (The Plan and the Stock Plan are
collectively referred to herein as the “Plans.”) The applicable terms of the Plans are incorporated herein by reference, including the definitions of terms contained in the Plans. 
 Section 1. Restricted Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of
                     “Restricted Stock Units.” These Restricted Stock Units represent [a portion] [all] of the
annual bonus awarded to Participant for fiscal year              pursuant to Section 4 of the Plan. The Restricted Stock Units are notional units of measurement denominated in
shares of Common Stock (i.e., one Restricted Stock Unit is equivalent in value to one share of Common Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured deferred compensation obligation of
Disney. 
 Section 2. Vesting Date(s). This Award [shall vest in one installment] [is subdivided into “Installment 1” and [add
remaining number of installments], each of which constitutes          % of this Award]. The date [dates] of vesting of this Award ([“Vesting Date”] [“Vesting Dates”]) shall be the
earlier of: 
 (i)
[                                 [add scheduled vesting date for all Restricted
Stock Units subject to this Award]]
[                                    , in the case of
Installment 1, or                                     ,
in the case of Installment 2, [additional installment dates, if any]], and 
 (ii) the date of any termination for any reason (other than
a termination for Good Cause (as hereinafter defined)) of the Participant’s employment with Disney (or an Affiliate). 
 All Restricted Stock Units as
to which the vesting requirement of this Section 2 have been satisfied shall be payable in accordance with Section 4 hereof. In the event of a termination for Good Cause, the remaining unvested portion of this Award shall be immediately
forfeited. The term “ for Good Cause” shall mean, in the case of any Participant subject to an employment agreement with Disney (or an Affiliate), any termination of employment permitted to be effected by Disney as a result of an event,
circumstance or cause defined as “good cause” or “cause” in such employment agreement or, if no such definition appears in such employment agreement, any termination permitted to be effected by Disney (or an Affiliate) as a
consequence of the failure of the Participant to comply with any provision of such employment agreement, and in the case of a Participant who is not subject to an employment agreement with Disney (or an Affiliate), the term “good cause” or
“cause” shall have such meaning as is ascribed to it by the courts of the state in which the Participant is employed. 
 Section 3.
Dividend Equivalents. Any dividend paid in cash on shares of the Common Stock of Disney will be credited to the Participant as additional Restricted Stock Units as if the Restricted Stock Units previously held by the Participant were
outstanding shares of Common Stock of Disney, as follows: Such credit shall be made in whole and/or fractional Restricted Stock Units and shall be, based on the fair market value (as defined in the Plan) of the shares of Common Stock of Disney on
the date of payment of any such dividend. All such additional Restricted Stock Units shall be subject to the same vesting requirements applicable to the previously held Restricted Stock Units in respect of which they were credited and shall be
payable in accordance with Section 4 hereof. 

 Section 4. Payment of Award. Payment of vested Restricted Stock Units shall be made within 30 days following the
satisfaction of the vesting requirement under Section 2 hereof for each respective Vesting Date. The Restricted Stock Units shall be paid in cash or in shares of Common Stock (or some combination thereof), as determined by the Committee in its
discretion at the time of payment, and in either case shall be paid to the Participant after deduction of applicable minimum statutory withholding taxes as determined by Disney. 
 Section 5. Restrictions on Transfer. Neither this Restricted Stock Unit Award nor any Restricted Stock Units covered hereby may be sold, assigned, transferred, encumbered, hypothecated or pledged by the
Participant, other than to Disney as a result of forfeiture of the units as provided herein. 
 Section 6. No Voting Rights. The Restricted Stock
Units granted pursuant to this Award, whether or not vested, will not confer any voting rights upon the Participant, unless and until this Award is paid in shares of Common Stock. 
 Section 7. Award Subject to the Plans. This Award is subject to the terms of the Plans. In the event of a conflict or ambiguity between any term or provision contained herein and a term or provision of the
Plans, the Plans will govern and prevail. The Restricted Stock Units constitute “phantom stock” for purposes of the Stock Plan. 
 Section 8.
Changes in Capitalization. The Restricted Stock Units under this Award shall be subject to the provisions of the Stock Plan relating to adjustments for changes in corporate capitalization. 
 Section 9. No Right of Employment. Nothing in this Award Agreement shall confer upon the Participant any right to continue as an employee of Disney or an
Affiliate nor interfere in any way with the right of Disney or an Affiliate to terminate the Participant’s employment at any time or to change the terms and conditions of such employment. 
 Section 10. Prior Bonus-Related Restricted Stock Unit Awards. Disney and the Participant agree that the provisions of Sections 2 and 4 hereof shall be fully
applicable to any Restricted Stock Unit Award Agreement(s) (Bonus-Related) previously granted to Participant by Disney (a “Previous Award”) and supersede the provisions of Sections 2, 3 and 5 of any such Previous Award in their entirety,
provided, however, that, notwithstanding the foregoing, when the provisions of Section 2 of this Award Agreement are applied to any Previous Award, such provisions shall be first deemed modified, solely for the purpose of applying
them to the Previous Award, (a) by substituting the specific date or dates set forth in Section 2 of the Previous Award for the date or dates set forth in clause (i) of Section 2 hereof (b) by deeming the number of
installment(s) applicable to the deemed modified provisions of Section 2 to be the same as the number of specific date(s) identified as a Vesting Date in Section 2 of the Previous Award and (c) by deeming the number of Restricted
Stock Units to which the first date in such Previous Award relates to be “Installment 1” and the number of Restricted Stock Units to which the second such date relates to be “Installment 2,” and so forth. 
 Section 11. Governing Law. This Award Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without giving effect to the
choice of law principles thereof. 
  

									
	THE WALT DISNEY COMPANY	 		 	PARTICIPANT
					
	By:	 	  	 		 	By:	 	  
		 		 		 		 	(Signature of Participant)

  

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