Document:

EX-10.3

 Exhibit 10.3 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(PERFORMANCE BASED) 

UNDER THE AMENDED AND RESTATED 

DESTINATION MATERNITY CORPORATION 2005 EQUITY INCENTIVE PLAN 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made by and between Destination Maternity Corporation, a
Delaware corporation, (the “Company”) and David Helkey (the “Grantee”). 
 WHEREAS, the Company maintains
the Destination Maternity Corporation Amended and Restated 2005 Equity Incentive Plan, as amended from time to time (the “Plan”) for the benefit of its employees, directors, consultants, and other individuals who provide services to
the Company; and 
 WHEREAS, the Plan permits the grant of Restricted Stock Units, including Restricted Stock Units that are Performance
Awards; and 
 WHEREAS, to compensate the Grantee for his or her service with the Company and to further align the Grantee’s financial
interests with those of the Company’s other stockholders, the Board approved this Award of Restricted Stock Units effective on [●], 2019. 

NOW, THEREFORE, in consideration of these premises and the agreements set forth herein, the parties, intending to be legally bound hereby,
agree as follows: 
  

	 	1.	 Award of Performance-Based Restricted Stock Units. 

(a)    Award. The Company hereby awards the Grantee [●] Restricted Stock Units (the “Target
Award”), subject to adjustment as set forth in Section 5 of this Agreement and Section 3(c) of the Plan and subject further to the restrictions and on the terms and conditions set forth in this Agreement (the “Restricted
Stock Units”). The terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein. Except as otherwise provided herein, capitalized terms herein will have the same meaning as defined in the
Plan. 
 (b)    Performance Restricted Stock Units. The Restricted Stock Units are Performance Awards and will
become vested if and to the extent the service and performance vesting conditions set forth in Section 2 are satisfied. To the extent so vested, each Restricted Stock Unit represents an unfunded, unsecured right of the Grantee to receive one
Share at a specified time. Unless otherwise provided herein, upon cessation of Grantee’s service with the Company prior to the date of the Company’s release of earnings for the fiscal year ending on January 30, 2022 (i.e., about 6 to
8 weeks after January 30, 2022, with the specific vesting date to be determined by the Committee), Grantee shall immediately forfeit all Restricted Stock Units, with no further compensation due to Grantee. 

 

	 	2.	 Vesting of Restricted Stock Units. 

(a)    Vesting. Subject to this Section 2, the Restricted Stock Units shall vest and become unrestricted in
accordance with Exhibit A, attached hereto. Vested Restricted Stock Units shall settle into Shares as provided in Section 3. 

 (b)    Change in Control. In the event that within eighteen
(18) months following the consummation of a Change in Control, the Grantee’s employment is terminated in a Qualifying Termination, as such term is defined in the Executive Employment Agreement between the Company and Grantee, dated
[●], 2019 (the “Employment Agreement”), Grantee’s unvested Restricted Stock Units shall immediately become vested and settled pursuant to Section 3, as of the effective date of such Qualifying Termination and
assuming that the Target level of performance as provided on Exhibit A has been achieved. 

3.    Settlement. The Committee will certify the performance results, and the resulting number of
vested Restricted Stock Units, promptly following the end of the Performance Period (as set forth on Exhibit A) and Shares will be distributed to the Grantee in respect of vested Restricted Stock Units within 2 1/2 months following the end of the Performance Period (the “Settlement Date”). 

4.    Non-Transferability. Neither the Restricted Stock Units
nor any right with respect thereto may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee other than by will or by the laws of descent and distribution, and any purported assignment, alienation,
pledge, attachment, sale, transfer or encumbrance will be void and unenforceable. 
 5.    Rights of
Grantee During Restricted Period. The Grantee will not have any stockholder rights or privileges, including voting rights, with respect to the Shares underlying the Restricted Stock Units until such Shares are delivered to the
Grantee. Notwithstanding the foregoing, if the Company declares and pays a cash dividend or distribution with respect to its Shares prior to the Settlement Date, the Restricted Stock Units then subject hereto will be increased by a number of
additional Restricted Stock Units determined by dividing (A) the total dividend or distribution that would then be payable with respect to a number of Shares equal to the number of Restricted Stock Units subject hereto on the dividend or
distribution record date (including any additional Restricted Stock Units previously credited pursuant to this paragraph), divided by (b) the Fair Market Value on the dividend or distribution record date. Additional Restricted Stock Units
credited under this paragraph will be subject to the same terms and conditions (including the same performance and service vesting and settlement provisions) as the Restricted Stock Units subject hereto immediately prior to such dividend or
distribution. 
 6.    Securities Laws. The Board may from time to time impose any conditions on
the Restricted Stock Units or the Shares underlying such award, as it deems necessary or advisable to ensure that the Shares are issued and resold in compliance with the Securities Act of 1933, as amended. 

7.    Tax Consequences. The Grantee acknowledges that the Company has not advised the Grantee
regarding the Grantee’s income tax liability in connection with the grant, vesting or settlement of the Restricted Stock Units. The Grantee has had the opportunity to review with his or her own tax advisors the federal, state and local tax
consequences of the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Grantee understands that the Grantee (and not the
Company) shall be responsible for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. 

8.    The Plan. This Award of Restricted Stock Units is subject to, and the Grantee agrees to be
bound by, all of the terms and conditions of the Plan, as such Plan may be amended from time to time in accordance with the terms thereof. Pursuant to the Plan, the Board is 

  
 2 

 
authorized to adopt rules and regulations not inconsistent with the Plan as it shall deem appropriate and proper. A copy of the Plan in its present form is available for inspection during
business hours by the Grantee at the Company’s principal office. All questions of the interpretation and application of the Plan and the Grantee shall be determined by the Board and any such determination shall be final, binding and conclusive.

 9.    Entire Agreement. This Agreement, together with the Plan, represents the entire agreement
between the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature. For the avoidance of doubt, the grant of the Restricted Stock Units
is in full and complete satisfaction of that certain restricted stock unit grant described in Section 5.3.1, clause (ii), of the Employment Agreement. 

10.    No Right to Continued Employment. Neither the Plan nor this Agreement shall be construed as
giving the Grantee the right to be retained in the employ of, or in any consulting relationship with, the Company or any of its Affiliates. Further, the Company (or, as applicable, its Affiliates) may at any time dismiss the Grantee, free from any
liability or any claim under the Plan or this Agreement, except as otherwise expressly provided herein. 

11.    Electronic Delivery of Documents. The Grantee hereby authorizes the Company to deliver
electronically any prospectuses or other documentation related to this Award, the Plan and any other compensation or benefit plan or arrangement in effect from time to time (including, without limitation, reports, proxy statements or other documents
that are required to be delivered to participants in such plans or arrangements pursuant to federal or state laws, rules or regulations). For this purpose, electronic delivery will include, without limitation, delivery by means of e-mail or e-mail notification that such documentation is available on the Company’s Intranet site. Upon written request, the Company will provide to the Grantee a paper
copy of any document also delivered to the Grantee electronically. The authorization described in this paragraph may be revoked by the Grantee at any time by written notice to the Company. 

12.    Tax Withholding. The Company hereby agrees that, at the election of the
Grantee and except as would otherwise violate the terms of any financing agreement to which the Company is then a party, the maximum applicable tax withholding obligations arising in connection with this Award may be settled by withholding the
delivery of nonforfeitable Shares otherwise distributable hereunder in respect of vested Restricted Stock Units based on the Fair Market Value of those Shares. 

13.    Governing Law. This Agreement will be construed in accordance with the laws of the
Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws. 

14.    Amendment. Subject to the provisions of the Plan, this Agreement may only be amended by a
writing signed by each of the parties hereto. 
 15.    Execution. This Agreement may be executed,
including execution by facsimile signature, in one or more counterparts, each of which will be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

[This space left blank intentionally; signature page follows.] 

  
 3 

 IN WITNESS WHEREOF, the Company’s duly authorized representative and the Grantee have
each executed this Restricted Stock Unit Award Agreement on the respective date below indicated. 
  

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	 
	Name:	 	
	Title:	 	
	Date:	 	
	
	GRANTEE: David Helkey
		
	Signature:	 	 
	Date:	 	

  
 4 

 Exhibit A 
  

	 	1.	 Performance Period: The period commencing on the Effective Date (as defined in the Employment Agreement)
and ending on the last day of the Company’s fiscal year ending on January 30, 2022. 

  

	 	2.	 Metric: Relative total shareholder return (“TSR”) of the peer group selected by the
Committee, reflecting a 20 trading day average stock price immediately prior to the beginning of the Performance Period and at the end of the Performance Period. 

 

	 	3.	 Measurement: The Company’s TSR performance relative to the peer group selected by the Committee.
Excludes companies who are not in the peer group at either the beginning or the end of the performance period. 

  

	 	4.	 Performance Scale: Final number of Shares determined based on following scale: 

 

			
	 Restricted Stock Units Vested (as a % of the
Target Award)
	  	Relative TSR Performance
	 0%
	  	Below 25th Percentile
	 50%
	  	25th Percentile
	 100% (“Target”)
	  	55th Percentile
	 200%
	  	75th Percentile or Above
	Note: Straight-line interpolation to be used between various performance/payout plot points in the grid above.

  

	 	5.	 Governor: If the Company’s TSR is negative over the Performance Period, the “Restricted Stock
Units Vested” is limited to 100% of the Target Award, even if the level of relative performance is above the 55th Percentile. 

 

	 	6.	 Service Vesting: Except as provided in Section 2(b), upon cessation of Grantee’s service with
the Company prior to the date of the Company’s release of earnings for the fiscal year ending on January 30, 2022 (i.e., about 6 to 8 weeks after January 30, 2022, with the specific vesting date to be determined by the Committee),
Grantee shall immediately forfeit all Restricted Stock Units, with no further compensation due to Grantee. 

  
 5EX-10.4

 Exhibit 10.4 

NON-QUALIFIED STOCK OPTION AGREEMENT 

UNDER THE DESTINATION MATERNITY CORPORATION 

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN 

DESTINATION MATERNITY CORPORATION, a Delaware corporation (the “Company”), hereby grants to DAVID HELKEY (the
“Optionee”) an option to purchase a total of [●] shares of Common Stock (the “Shares”) of the Company, at the price and on the terms set forth herein, and in all respects subject to the terms and provisions of
the Company’s Amended and Restated 2005 Equity Incentive Plan, as amended from time to time (the “Plan”), which terms and provisions are incorporated by reference herein. Unless the context herein otherwise requires, the terms
defined in the Plan shall have the same meanings herein. 
 1. Nature of the Option. This Option is intended to be a non-statutory stock option and is not intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, or to otherwise qualify for any special tax benefits to the Optionee. 

2. Date of Grant; Term of Option. This Option was granted on [●], 2019 (the “Grant Date”), and it may not be exercised
later than [●], 2029, subject to earlier termination as provided in the Plan. 
 3. Option Exercise Price. The Option exercise
price is $[●] per Share. 
 4. Exercise of Option. 

(a) Right to Exercise. Subject to Section 7 of the Plan (and provided, in each case, that the Optionee remains in continuous
service with the Company or an Affiliate of the Company through the applicable vesting date), the Option will become exercisable during its term only in accordance with the terms and provisions of the Plan and this Agreement, as follows: 

The Option will vest in four equal, annual installments, on the first, second, third, and fourth anniversaries of the Effective Date, as such
term is defined in the Executive Employment Agreement between the Company and Optionee, dated January [●], 2019 (the “Employment Agreement”). In the event that within eighteen (18) months following the consummation of a
Change in Control, the Grantee’s employment is terminated in a Qualifying Termination (as such term is defined in the Employment Agreement), any portion of the Option that is unvested, shall become immediately vested and exercisable as of the
effective date of such Qualifying Termination. 
 (b) Method of Exercise. This Option shall be exercisable by written notice which
shall state the election to exercise this Option, the number of Shares in respect to which the Option is being exercised and such other representations of agreements as to the Optionee’s investment intent with respect to such Shares as may be
required by the Company hereunder or pursuant to the provision of the Plan. Such written notice shall be signed by the Optionee and shall be delivered in person or by certified mail to the Secretary of the Company or such other person as may be
designated by the Company. The written notice shall be accompanied by payment of the purchase price and the amount of any tax withholding arising in connection with the exercise of the Option. Payment of the purchase price shall be by check or such
consideration and method of payment authorized by the Board or the Committee pursuant to the Plan. The certificate or certificates for the Shares as to which the Option shall be exercised shall be registered in the name of the Optionee and shall be
legended as required under the Plan and/or applicable law. 

 (c) Restrictions on Exercise. This Option may not be exercised if the issuance
of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other laws or regulations. As a condition to the exercise of this Option, the Company may require the Optionee to make a
representation and warranty to the Company or otherwise enter into any stock purchase or other agreement as may be required by any applicable law or regulation or as may otherwise be reasonably requested by the Board or Committee. 

5. Investment Representations. Unless the Shares have been registered under the Securities Act of 1933, in connection with acquisition
of this Option, the Optionee represents and warrants as follows: 
 (a) The Optionee is acquiring this Option, and upon exercise of this
Option, he or she will be acquiring the Shares for investment in his or her own account, not as nominee or agent, and not with a view to, or for resale in connection with any distribution thereof. 

(b) The Optionee has a preexisting business or personal relationship with the Company or one of its directors, officers or controlling
persons and by reason of his or her business or financial experience, has, and could be reasonably assumed to have, the capacity to protect his or her interest in connection with the acquisition of this Option and the Shares. 

6. Nontransferability of Option. This Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed or in
any manner either voluntarily or involuntarily by the operation of law, other than by the will or by the laws of descent or distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing
and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 

7. Continuation of Service. Neither the Plan nor this Option shall confer upon any Optionee any right to continue in the service of the
Company or any of its subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice. 

8. Withholding. The Company may withhold from any consideration payable to Optionee any taxes required to be withheld by federal, state
or local law as a result of the grant or exercise of this Option or the sale or other disposition of the Shares issued upon exercise of this Option. If the amount of any consideration payable to the Optionee is insufficient to pay such taxes or if
no consideration is payable to the Optionee, upon request of the Company, the Optionee (or such other person entitled to exercise the Option pursuant to Section 7 of the Plan) shall pay to the Company an amount sufficient for the Company to
satisfy any federal, state or local tax withholding requirements it may incur, as a result of the grant or exercise of this Option or the sale of or other disposition of the Shares issued upon exercise of this Option. 

9. The Plan. This Option is subject to, and the Optionee agrees to be bound by, all of the terms and conditions of the Plan as such
Plan may be amended from time to time in accordance with the terms thereof. Pursuant to the Plan, the Board is authorized to adopt rules and regulations not inconsistent with the Plan as it shall deem appropriate and proper. A copy of the Plan in
its present form is available for inspection during business hours by the Optionee or the persons entitled to exercise this Option at the Company’s principal office. All questions of the interpretation and application of the Plan and the Option
shall be determined by the Committee designated under the Plan, and determination shall be final, binding and conclusive. 

  
 2 

 10. Entire Agreement. This Agreement, together with the Plan, represents the entire
agreement between the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature. For the avoidance of doubt, the grant of this Option is
in full and complete satisfaction of that certain option grant described in Section 5.3.1, clause (iii), of the Employment Agreement. 

11. Governing Law. This Agreement will be construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to
the application of the principles of conflicts of laws. 
 12. Amendment. Subject to the provisions of the Plan, this Agreement may
only be amended by a writing signed by each of the parties hereto. 
 13. Execution. This Agreement may be executed, including
execution by facsimile signature, in one or more counterparts, each of which will be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

[This space intentionally left blank; signature page follows] 

  
 3 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by
its duly authorized officer, and Optionee has executed this Agreement, in each case on [●], 2019. 
  

			
	COMPANY
	
	DESTINATION MATERNITY CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:
		
		 	
	OPTIONEE
	
	 
	David Helkey

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]