Document:

Employment Agreement between Paul Rosengard and the Registrant

 Exhibit 10.45 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (hereinafter referred to as “Agreement”)
is entered into by and between Perry Ellis International, Inc. (hereinafter referred to as the “Company”) and Mr. Paul Rosengard (hereinafter referred to as “Mr. Rosengard”). 
 WHEREAS, the Company desires to employ Mr. Rosengard in the capacity of President, Perry Ellis Brand; and 
 WHEREAS, the Company and Mr. Rosengard desire to set forth in this Agreement all of the terms and conditions of said employment, and to establish a
mechanism to resolve disputes relating to said employment, and to establish limitations on post-term solicitation, use of confidential information, and competition; 
 NOW, THEREFORE, in consideration of the mutual promises and obligations contained in this Agreement, the Company and Mr. Rosengard agree as follows; 
  

	1.	Effective Date and Term. 

 This Agreement is
effective as of August 1, 2007 (the “Effective Date”). This Agreement is for an indefinite term and can be terminated at any time by either party in accordance with the terms and conditions expressly set forth herein. 
  

	2.	Duties and Responsibilities. 

 The Company hereby
employs Mr. Rosengard as Group President, Perry Ellis and Premium Brands, with such powers and duties in those capacities as may be established from time to time by the Company in its discretion. Mr. Rosengard will report directly to Oscar
Feldenkreis, Vice Chairman, President and Chief Operating Officer of the Company. Mr. Rosengard will work for the Company on a full working time basis and devote his full time, attention and energies to the Company’s business. During his
employment, Mr. Rosengard will not actively or passively, if same would materially detract from his duties hereunder, engage in any other business activities on his own behalf or for any other entity, other than for the benefit of the Company,
regardless of whether such activity is pursued for profits, gains, or other pecuniary advantage. However, nothing in this Agreement shall prevent Mr. Rosengard from passively investing in business activities so long as such investments require
no active participation by Mr. Rosengard, or from engaging in other charitable or civic activities so long as such activities do not materially detract from Mr. Rosengard’s job duties herein. Mr. Rosengard shall be based at the
Company’s principal offices in New York, New York except for required travel on the Company’s business. 
  

	3.	Compensation. 

 a. Base Salary. The Company
promises to pay Mr. Rosengard an annualized base salary of Five Hundred Thousand Dollars ($500,000.00), less applicable deductions, payable in installments according to the Company’s normal payroll practices. 

  

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Mr. Rosengard shall be eligible to receive annual zed increases in compensation, at the discretion of the Company, to become effective on or before
May 1 of the applicable calendar year, if Mr. Rosengard’s job performance merits an increase in pay. 
 b. Management
Incentive Program. In addition to the Base Salary described in Paragraph 3.a of this Agreement, the Mr. Rosengard shall participate in the Company’s Management Incentive Program (hereinafter, “MIP”). The amount and method of
payment of any compensation paid to Mr. Rosengard shall be determined in accordance with the applicable terms of the MIP. Mr. Rosengard shall be eligible for up to 40% target bonus under the MIP. Mr. Rosengard shall be eligible to
receive a prorated portion of his MIP bonus in the event Mr. Rosengard is terminated without “Cause” as defined herein after the end of the third quarter of the fiscal year. The amount of the prorated bonus shall be calculated by
multiplying Mr. Rosengard’s regular bonus (the amount that he would have received had he continued in employment until the end of the fiscal year) by a fraction, the numerator of which is the number of full months that have expired at the
time of Mr. Rosengard’s termination, and the denominator of which is the number twelve (12). 
 c. Vacation and Personal
Leave. Mr. Rosengard shall be eligible for up to four (4) weeks of paid vacation each calendar year of his employment, and up to six (6) days of personal leave each calendar year of his employment. Any accrued but unused vacation
and/or personal leave may not be carried forward from year to year but will be paid out on the termination of Mr. Rosengard’s employment for any reason. 
 d. Other Employee Benefits. Mr. Rosengard will be eligible to participate in any other group employee benefit plan that is generally available to all Company employees, so long as Mr. Rosengard meets
the applicable eligibility requirements of individual benefit plan and subject to the terms and conditions of each benefit plan. 
 e.
Expense Reimbursement. During Mr. Rosengard’s term of employment, the Company, upon the submission of supporting documentation by Rosengard, and in accordance with Company policies for its executives, shall reimburse Rosengard for all
reasonable expenses actually paid or incurred by Rosengard in the course of and pursuant to the business of the Company, including expenses for travel and entertainment. 
  

	4.	Change in Control 

 In the event that, within the 12
month period following a Change in Control (as herein defined), Mr. Rosengard’s employment is terminated by the Company other than for Cause, or Mr. Rosengard terminates his employment for Good Reason (as herein defined), he shall be
entitled to the following benefits: (a) any granted but unvested Stock and/or Option to purchase the Company’s common stock will become fully vested and exercisable immediately upon such termination and shall thereafter remain exercisable
[till the earlier of 60 days or the expiration date of such Option]; and (b) a severance payment in the aggregate amount of one year of Mr. Rosengard’s then-current Base Salary (as defined in Paragraph 3(a) hereof) plus an amount
equal to any incentive compensation 

  

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paid to Mr. Rosengard pursuant to Paragraph 3(b) hereof during the Company’s fiscal year preceding any such termination. In order to receive
the benefits described in this Paragraph, Mr. Rosengard shall be required to execute a waiver of claims and general release in a form reasonably satisfactory to both parties. 
 For purposes of this Paragraph 4, the term “Change in Control” shall mean the occurrence of any of the following events: 
  

	 	1.	the acquisition by any person, entity or “group” (as defined in section 13(d) of the Exchange Act) (other than (x) any subsidiary or affiliate of the Company or
(y) any entity owned, directly or indirectly, 50% or more by Perry Ellis International, Inc. or (z) any employee benefit plan of any such entity) through one transaction or a series of related transactions of 50% or more of the combined
voting power of the then outstanding voting securities of the Company; 

  

	 	2.	The complete liquidation or dissolution of the Company (other than a dissolution occurring upon a merger or consolidation thereof); or 

  

	 	3.	The sale, transfer or other disposition of all or substantially all of the assets of the Company through one transaction or a series of related transactions to one or more persons
or entities that are not, immediately prior to such sale, transfer or other disposition, affiliates of the Company; or 

  

	 	4.	The termination or replacement of George Feldenkreis as Chairman and Chief Executive Officer of Perry Ellis International, Inc.; provided, however, that the death or retirement of
George Feldenkreis shall not trigger a Change in Control under this Section 4. 

 “Good Reason” means, without
Mr. Rosengard’s written consent: (i) a material diminution of Mr. Rosengard’s titles, duties or responsibilities or the assignment of duties or responsibilities that are materially inconsistent with his titles, duties and
responsibilities hereunder; (ii) a change in direct reporting relationship to someone other than Oscar Feldenkreis; (iii) a reduction in the Executive’s Base Salary, annual bonus or incentive compensation opportunity (it being
understood that a reduction in the dollar amount of Mr. Rosengard’s annual bonus from year to year solely as the result of achievement or failure to achieve the target performance objectives provided in the annual bonus plan shall not
constitute a reduction in Mr. Rosengard’s annual bonus opportunity); or (iv) requiring Mr. Rosengard’s principal place of business to be located other than New York, New York. 
  

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	5.	Mr. Rosengard’s Death or Inability to Perform 

 In the event of Mr. Rosengard’s death, this Agreement and the Company’s obligation to pay Mr. Rosengard’s salary and compensation automatically end. If Mr. Rosengard becomes unable to perform his employment duties
during the Term of this agreement, and he has no paid leave of absence available to him, his compensation under this Agreement shall automatically end until such time as Mr. Rosengard becomes able to resume his job duties for the Company. In
the event that Mr. Rosengard becomes unable to perform his employment duties for a cumulative period of six months within any span of twelve months, this Agreement and Rosengard’s employment will be automatically terminated. In such case,
Mr. Rosengard’s salary and compensation shall automatically end. 
  

	6.	Termination by Company for Cause. 

 The Company may
terminate this Agreement and Mr. Rosengard’s employment “for Cause” at any time with or without notice. As used herein, “for Cause” shall mean any one of the following: 
  

	 	•	 	 Mr, Rosengard’s habitual neglect of his job duties and responsibilities; or 

  

	 	•	 	 Conviction of any felony, excluding minor traffic offenses; or 

  

	 	•	 	 Commission of a material act of dishonesty or a material breach of a fiduciary duty; or 

  

	 	•	 	 Commission of a serious violation of any of the Company’s personnel policies, including but not limited to violations of the Company’s policies against
any form of harassment; or 

  

	 	•	 	 A material breach of this Agreement, provided that Mr. Rosengard has failed to cure such material act or omission within 30 days after written notice thereof.

 In the event Mr. Rosengard is termininated “for Cause,” his pay and benefits shall end on his last date of employment and
any unvested benefits shall forfeit, and Mr. Rosengard shall be entitled to no other compensation from that day forward, but will be promptly be paid for accrued compensation as of that date, except as otherwise provide in paragraph 3(c) above.

  

	7.	Termination by Company Without “Cause” 

 The Company may terminate this Agreement and Mr. Rosengard’s employment without Cause at any time and for any reason upon thirty (30) days written notice to Mr. Rosengard. In the event that the Company terminates
Mr. Rosengard’s employment without Cause, the Company will pay Mr. Rosengard severance pay in the amount of six (6) months of Base Salary. Mr. Rosengard shall be required to execute a Severance Agreement and General Release in a
form that is reasonably satisfactory to both parties in order to receive severance pay. Mr. Rosengard shall not be entitled to any compensation or benefits from the date of his termination forward. 
  

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	8.	Termination of Agreement by Mr. Rosengard 

 Mr. Rosengard may terminate this Agreement and his employment with the Company upon thirty (30) days prior written notice to the Company. In such case, Mr. Rosengard may be required to perform his business duties and will be
paid his regular salary up to the date of termination. At the option of the Company, the Company may require Mr. Rosengard to depart from the Company at any time during such thirty (30) day period upon receiving said thirty (30) days
notice from Mr. Rosengard of the termination of the Agreement, and in such event, the Company shall only be required to pay Mr. Rosengard for the balance of his salary and benefits for that workweek, and not be required to continue to pay
Mr. Rosengard any salary or benefits for the remainder of the thirty (30) day period. 
  

	9.	Cooperation 

 Upon the termination of this Agreement
for any reason, Mr. Rosengard agrees to cooperate with the Company in effecting a smooth transition of the management of the Company with respect to the duties and responsibilities which Mr. Rosengard performed for the Company. Further,
after termination of this Agreement, Mr. Rosengard will upon reasonable notice furnish such information and proper assistance to the Company as it may reasonably require in connection with any litigation to which the Company is or may become a
party. 
  

	10.	Covenant Not To Compete 

 During the term of his
employment (whether under this Agreement or otherwise) and for a period of six (6) months following the termination of Mr. Rosengard’s employment (for any reason, whether initiated by Mr. Rosengard or the Company),
Mr. Rosengard promises and agrees that he will not enter into any employment or other agency relationship (whether as a principal, agent, partner, employee, investor, owner, consultant, board member or otherwise) with any of the following
business organizations, or their affiliated organizations that directly compete with the Company, if any: (1) Haggar; (2) Liz Claiborne, Inc.; (3) Philips Van Heusen; (4) Kenneth Cole; or (5) DKNY, provided, that Mr.
Rosengard may hold the securities and/or passively invest in shares of capital stock or other equity securities of any such entity so long as does not acquire a controlling interest in or become a member of a group which exercises direct or indirect
control of more than five percent of any class of capital stock of such entity. Mr. Rosengard acknowledges that the business entities identified in the preceding sentence are competitors of Perry Ellis and that the restrictive covenant herein
is necessary to protect Perry Ellis legitimate business interests. This restrictive covenant may be assigned by Perry Ellis to any successor entities. 
  

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	11.	Agreement Not to Disclose Trade Secrets or Confidential Information 

 (a) Trade Secrets. During the term of his employment and after (whether under this Agreement or otherwise) Mr. Rosengard’s termination from employment with the Company or any successor organization
(for any reason by Mr. Rosengard or the Company), Mr. Rosengard promises and agrees that he will not disclose or utilize any trade secrets, confidential information, or other proprietary information acquired during the course of his
service with the Company and/or its related business entities. As used herein, “trade secret” means the whole or any portion or phase of any formula, pattern, device, combination of devices, or compilation of information which is for use,
or is used in the operation of the Company’s business and which provides the Company an advantage or an opportunity to obtain an advantage over those who do not know or use it. “Trade Secret” also includes any scientific, technical,
or commercial information, including any design, list of suppliers, list of customers, or improvement thereof, as well as pricing information or methodology, contractual arrangement with vendors or suppliers, business development plans or
activities, or Company financial information. 
 (b) Confidential Information. During the term of his employment and after
Mr. Rosengard’s termination of employment (whether under this Agreement or otherwise) with Perry Ellis or any successor organization (for any reason, whether initiated by Mr. Rosengard or the Company), Mr, Rosengard shall not divulge,
communicate, use to the detriment of the Company or for the benefit of any other person or persons, or misuse in any way any Confidential Information pertaining to the business of the Company. Any Confidential Information or Data now or hereafter
acquired by Mr. Rosengard with respect to the business of the Company (which shall include, but not be limited to information concerning the Company’s financial condition, prospects, technology, customers, suppliers, methods of doing business
and promotion of the Company’s products and services) shall be deemed a valuable special and unique asset of the Company that is received by Mr. Rosengard in confidence and as a fiduciary. For purposes of this Agreement, “Confidential
Information” means information disclosed to Mr. Rosengard as a consequence of or through his employment by the Company (including information conceived, originated, discovered or developed by Mr. Rosengard) prior to or after the date
hereof and not generally known or in the public domain, about the Company or its business. 
  

	12.	Agreement Not to Solicit Or Hire Company Employees 

 If Mr. Rosengard leaves the employment of the Company for whatever reason, Mr. Rosengard promises and agrees that during the twelve (12) months following his departure from the Company, he will not, without the express
written permission of the Company, directly employ as a consultant or employee any person who is a “Protected Employee.” “Protected Employee” shall mean any person who is employed by PERRY ELLIS or its subsidiaries affiliates as
of the Effective Date or at any time during Mr. Rosengard’s employment hereunder and who has, as part of that employment: (a) been exposed to or had knowledge of confidential business information or trade secrets of PERRY ELLIS;
(b) is a party to any restrictive covenant with PERRY ELLIS; or (c) has relationships with customers, vendors, or manufacturers and has the potential ability to adversely impact PERRY ELLIS’ goodwill in any customer, vendor or
manufacturer relationship to any degree. However, the term “Protected Employee” shall not 

  

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include any person whose employment has been voluntarily or involuntarily terminated by PERRY ELLIS and who, following such termination, has not been
employed by PERRY ELLIS for at least six (6) months. Mr. Rosengard agrees not to solicit, recruit or directly or indirectly hire or employ any of PERRY ELLIS’s Protected Employees for twelve (12) months following the termination of
Mr. Rosengard’s employment for any reason, with the exception of the Executive Administrative Assistants of Mr. Rosengard. 
  

	13.	Injunctive Relief 

 In recognition of the unique
services to be performed by Mr. Rosengard and the possibility that any violation by Mr. Rosengard of paragraphs 10, 11, or 12 of this Agreement may cause irreparable or indeterminate damage or injury to Company, Mr. Rosengard
expressly stipulates and agrees that the Company shall be entitled upon ten (10) days written notice to Mr. Rosengard to obtain an injunction from any court of competent jurisdiction regarding any violation or threatened violation of this
Agreement. Such right to an injunction shall be in addition to, and not in limitation of, any other rights or remedies the Company may have for actual or liquidated damages. 
  

	14.	Survival 

 Anything contained in this Agreement to
the contrary notwithstanding, the provisions of paragraphs 10, 11, or 12 and the other provisions of this Agreement necessary to effectuate the survival of Sections 10, 11, or 12 shall survive termination of this Agreement and any termination of
Rosengard’s employment hereunder. 
  

	15.	Judicial Modification of Agreement. 

 The Company
and Mr. Rosengard specifically agree that a court of competent jurisdiction (or an arbitrator as appropriate) may modify or amend paragraphs 10, 11, or 12 of this Agreement if absolutely necessary to conform with relevant law or binding
judicial decisions in effect at the time the Company seeks to enforce any or all of said provisions. 
  

	16.	Resolution of Disputes by Arbitration 

 Any claim or
controversy that arises out of or relates to this Agreement, or the breach of it, will be resolved by arbitration in the City of Miami in accordance with the rules then obtaining of the American Arbitration Association. Judgment upon the award
rendered may be entered in any court possessing jurisdiction over arbitration awards. This Section shall not limit or restrict the Company’s right to obtain injunctive relief for violations of paragraphs 10, 11, or 12 of this Agreement. The
prevailing party shall be entitled to payment for all costs and reasonable attorney’s fees (both trial and appellate) incurred by the prevailing party in regard to the proceedings. 
  

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	17.	Adequate Consideration 

 Mr. Rosengard
expressly agrees that the Company is providing adequate, reasonable consideration for the obligations imposed upon him in this Agreement. 
  

	18.	Effect of Prior Agreements. 

 This Agreement
supersedes any prior verbal or written agreement or understanding between the Company and Mr. Rosengard. 
  

	19.	Limited Effect of Waiver by Company 

 If the Company
waives a breach of any provision of this Agreement by Mr. Rosengard, that waiver will not operate or be construed as a waiver of other breaches of this Agreement by Mr. Rosengard. 
  

	20.	Severability 

 If any provision of this Agreement is
held invalid for any reason, said invalidity shall not affect the enforceability of any other provision of this Agreement, and all other provisions of this Agreement will remain in effect. 
  

	21.	Assumption of Agreement by Company’s Successors and Assigns. 

 At the Company’s sole option, the Company’s rights and obligations under this Agreement will inure to the benefit of and be binding upon the Company’s successors and assigns, Mr. Rosengard may not
assign his rights and obligations under this Agreement. 
  

	22.	Applicable Law 

 Mr. Rosengard and the Company
agree that this Agreement shall be subject to and enforceable under the laws of the State of Florida. 
 IN WITNESS WHEREOF, the parties have
executed this Agreement as of the 30th day of October, 2007. 
  

							
	Perry Ellis International, Inc.	 		 	Paul Rosengard
				
	By:	 	 /s/ Fanny Hanono
	 		 	 /s/ Paul Rosengard

  

 8Amended Form of Stock Restricted  Agreement

 Exhibit 10.46 
 PERRY ELLIS INTERNATIONAL, INC. 
 PERFORMANCE-BASED RESTRICTED STOCK AGREEMENT 
 1. Award of Restricted Stock. The Committee hereby grants, as of [date] (the “Date of Grant”), to [recipient’s
name] (“Recipient”),                                 
restricted shares of the Company’s Common Stock, par value $0.01 per share (collectively the “Restricted Stock”). The Restricted Stock is being issued pursuant to the Company’s 2005 Long-Term Incentive Compensation Plan
(the “Plan”), which is incorporated herein for all purposes. The Restricted Stock shall be subject to the terms, provisions and restrictions set forth in this Agreement and in the Plan. As a condition to entering into this Agreement, and
as a condition to the issuance of any Shares (or any other securities of the Company), the Recipient agrees to be bound by all of the terms and conditions herein and in the Plan. Unless otherwise provided herein, terms used herein that are defined
in the Plan and not defined herein shall have the meanings attributable thereto in the Plan. 
 2. Vesting of Restricted Stock. 
 (a) Time-Vesting of Restricted Stock. All of the Restricted Stock shall be subject to time-vesting. Except as otherwise provided in this
Section 2, the Shares of Restricted Stock shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Continuous Service of the Recipient continues through and on the applicable
Time-Vesting Date: 
  

			
	 Number of Shares of Restricted Stock
	 	 Time-Vesting Date

	 [number of shares]
	 	[Date(s)]

 Other than in accordance with this Section 2, there shall be no proportionate or partial
vesting of Shares of Restricted Stock in or during the months, days or periods prior to the Time-Vesting Date and all vesting of Shares of Restricted Stock shall occur only on the Time-Vesting Date. 
 (b) Performance-Vesting of Restricted Stock. In addition to the time-vesting provision contained in Section 2(a) above, all of the Shares of Restricted Stock
shall be subject to performance-vesting. Other than in accordance with this Section 2, the Shares of Restricted Stock shall vest on the Time-Vesting Date if and only if [performance vesting criteria] (the “Performance Goal”).
For the avoidance of doubt, if the Performance Goal is not achieved prior to [time vesting date], and all of the Shares of Restricted Stock have not already fully vested in accordance with Sections 2(c), 2(d), or 2(e) below, then all of the
Shares of Restricted Stock subject to this Agreement shall be immediately forfeited as of [time vesting date] and shall revert back to the Company without any payment to the Recipient. 
 (c) Change in Control. In the event that a Change in Control of the Company occurs during the Recipient’s Continuous Service, the Shares of
Restricted Stock subject to this Agreement shall become immediately and fully vested as of the date of the Change in 

 
Control, and shall be delivered, subject to any requirements under this Agreement, to the Recipient on the date of the Change in Control. For the avoidance
of doubt, if a Change in Control of the Company occurs during the Recipient’s Continuous Service prior to [time vesting date], then the Performance Goal requirement is immediately and irrevocably waived. 
 (d) Committee Discretion to Accelerate Vesting. Notwithstanding any other term or provision of this Agreement, the Board or the Committee shall be
authorized, in its sole discretion, based upon its review and evaluation of the performance of the Recipient and of the Company, to accelerate the vesting of any Shares of Restricted Stock under this Agreement, at such times and upon such terms and
conditions as the Board or the Committee shall deem advisable, provided that such action does not result in the loss of a tax deduction of the compensation attributable to the vesting of the Shares of Restricted Stock under Section 162(m) of
the Internal Revenue Code of 1986, as amended (the “Code”). 
 (e) Termination of Recipient’s Employment due to
Death or Disability. In the event that the Recipient’s Continuous Service terminates prior to the Time-Vesting Date in connection with (i) the Recipient’s death or (ii) the Recipient’s Disability, [then a pro rata
number] [or (as such term is defined in the Recipient’s employment agreement dated February 8, 2008 (the “Recipient’s Employment Agreement”)), then all] of Shares of Restricted Stock subject to this Agreement
shall immediately and fully vested as of the date of such death or termination of employment, as the case may be, and shall be delivered, subject to any requirements under this Agreement, to (x) the Recipient or (y) the beneficiary or
beneficiaries designated by the Recipient, or if the Recipient has not so designated any beneficiary(ies), or no designated beneficiary survives the Recipient, such Shares shall be delivered to the personal representative of the Recipient’s
estate, as the case may be. [The pro rata number of Shares of Restricted Stock that shall time under this Section 2(e) shall be equal to (x) [insert number of shares granted under this Agreement] multiplied by (y) a fraction, the
numerator of which shall be equal to the number of full and partial months following the Date of Grant during which the Recipient was employed by the Company and the denominator of which shall be [insert time vesting period in months].] For the
avoidance of doubt, if the Recipient’s Continuous Service terminates in connection with his death or Disability, then the Performance Goal requirement is immediately and irrevocably waived. 
 (f) Termination of Recipient’s Employment [ due to] [or Other Than] a Termination [for Cause or] without [Good Reason] [or
Cause, or due to Death or Disability]. In the event that the Recipient’s Continuous Service terminates prior to the Time-Vesting Date due to a termination of the Recipient’s employment [other than a termination of the
Recipient’s employment by the Company without Cause or due to the Recipient’s death or Disability] [or (i) by the Company for Cause (as such term is defined in the Recipient’s Employment Agreement) or (ii) by the Recipient
without Good Reason (as such term is defined in the Recipient’s Employment Agreement)], then all of the Shares of Restricted Stock subject to this Agreement shall be immediately forfeited upon such termination of Continuous Service and
revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of
Shares pursuant to this Section 2(f). 
  

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 (g) Termination of Recipient’s Employment due to a Termination without Cause [ for Good Reason
prior to [vesting date]]. In the event that the Recipient’s Continuous Service terminates [prior to vesting date]due to a termination of the Recipient’s employment by the Company without Cause [or by the Recipient for
Good Reason], then [a pro rata number of Shares] [or all] of Restricted Stock subject to this Agreement shall immediately time-vest as of the date of such termination of employment, but shall only fully vest upon the achievement of the
Performance Goal prior to [vesting date], and shall be delivered, subject to any requirements under this Agreement, to the Recipient within 10 days following the date the Performance Goal has been achieved. [The pro rata number of Shares
of Restricted Stock that shall time-vest under this Section 2(g) shall be equal to (x) [insert number of shares granted under this Agreement] multiplied by (y) a fraction, the numerator of which shall be equal to the number of full
and partial months following the Date of Grant during which the Recipient was employed by the Company and the denominator of which shall be [insert time vesting period in months ].] For the avoidance of doubt, if the Performance Goal is not
achieved prior to [vesting date], then all of the Shares of Restricted Stock subject to this Agreement shall be immediately forfeited as of [vesting date] and shall revert back to the Company without any payment to the Recipient.

 [(h) Termination of Recipient’s Employment due to a Termination without Cause or for Good Reason on or after [vesting
period]. In the event that the Recipient’s Continuous Service terminates on or after [vesting period] due to a termination of the Recipient’s employment by the Company without Cause or (ii) by the Recipient for Good Reason, and
provided that the Performance Goal has been achieved, then all of the Shares of Restricted Stock subject to this Agreement shall immediately and fully vest as of the date of such termination of employment and shall be delivered, subject to any
requirements under this Agreement, to the Recipient within 10 days of the date of such termination.] 
  

	3.	Delivery of Restricted Stock. 

 (a) One or more
stock certificates evidencing the Shares of Restricted Stock shall be issued in the name of the Recipient but shall be held and retained by the Records Administrator of the Company until the date (the “Applicable Date”) on which the
Shares (or a portion thereof) subject to this Restricted Stock award become fully vested Shares pursuant to Section 2 above. All such stock certificates shall bear the following legends, along with such other legends that the Board or the
Committee shall deem necessary and appropriate or which are otherwise required or indicated pursuant to any applicable stockholders agreement: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO SUBSTANTIAL VESTING AND OTHER RESTRICTIONS AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THE SHARES, A COPY OF WHICH MAY BE OBTAINED AT
THE PRINCIPAL OFFICE OF THE ISSUER. SUCH RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES, AND INCLUDE VESTING CONDITIONS WHICH MAY RESULT IN THE COMPLETE FORFEITURE OF THE SHARES. 
  

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 (b) The Recipient shall deposit with the Company stock powers or other instruments of transfer or
assignment, duly endorsed in blank with signature(s) guaranteed, corresponding to each certificate representing Shares of Restricted Stock until such Shares become fully vested Shares. If the Recipient shall fail to provide the Company with any such
stock power or other instrument of transfer or assignment, the Recipient hereby irrevocably appoints the Secretary of the Company as his attorney-in-fact, with full power of appointment and substitution, to execute and deliver any such power or
other instrument which may be necessary to effectuate the transfer of the Restricted Stock (or assignment of distributions thereon) on the books and records of the Company. 
 (c) On or after each Applicable Date, upon written request to the Company by the Recipient, the Company shall promptly cause a new certificate or
certificates to be issued for and with respect to all Shares that become fully vested Shares on that Applicable Date, which certificate(s) shall be delivered to the Recipient as soon as administratively practicable after the date of receipt by the
Company of the Recipient’s written request. The new certificate or certificates shall continue to bear those legends and endorsements that the Company shall deem necessary or appropriate (including those relating to restrictions on
transferability and/or obligations and restrictions under the Securities Laws). 
 4. Rights with Respect to Restricted Stock. 
 (a) Except as otherwise provided in this Agreement, the Recipient shall have, with respect to all of the Shares of Restricted Stock all of the rights of a
holder of shares of common stock of the Company, including without limitation (i) the right to vote such Restricted Stock, (ii) the right to receive dividends, if any, as may be declared on the Restricted Stock from time to time, and
(iii) the rights available to all holders of shares of common stock of the Company upon any merger, consolidation, reorganization, liquidation or dissolution, stock split-up, stock dividend or recapitalization undertaken by the Company;
provided, however, that all of such rights shall be subject to the terms, provisions, conditions and restrictions set forth in this Agreement (including without limitation conditions under which all such rights shall be forfeited). Any
Shares issued to the Recipient as a dividend with respect to shares of Restricted Stock shall have the same status and bear the same legend as the Shares of Restricted Stock and shall be held by the Company, if the Shares of Restricted Stock that
such dividend is attributed to is being so held, unless otherwise determined by the Committee. In addition, notwithstanding any provision to the contrary herein, any cash dividends declared with respect to Shares of Restricted Stock subject to this
Agreement shall be held in escrow by the Committee until such time as the Shares of Restricted Stock that such cash dividends are attributed to shall become fully vested Shares, and in the event that such Shares of Restricted Stock are subsequently
forfeited, the cash dividends attributable to such portion shall be forfeited as well. 
 (b) If at any time while this Agreement is in
effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding
Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make 

  

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any adjustments it deems fair and appropriate, in view of such change, in the number of Shares of Restricted Stock then subject to this Agreement. If any
such adjustment shall result in a fractional share, such fraction shall be disregarded. 
 (c) Notwithstanding any term or provision of this
Agreement to the contrary, the existence of this Agreement, or of any outstanding Restricted Stock awarded hereunder, shall not affect in any manner the right, power or authority of the Company to make, authorize or consummate: (i) any or all
adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; (ii) any merger, consolidation or similar transaction by or of the Company; (iii) any offer, issue or sale by the
Company of any capital stock of the Company, including any equity or debt securities, or preferred or preference stock that would rank prior to or on parity with the Restricted Stock and/or that would include, have or possess other rights, benefits
and/or preferences superior to those that the Restricted Stock includes, has or possesses, or any warrants, options or rights with respect to any of the foregoing; (iv) the dissolution or liquidation of the Company; (v) any sale, transfer
or assignment of all or any part of the stock, assets or business of the Company; or (vi) any other corporate transaction, act or proceeding (whether of a similar character or otherwise). 
 5. Transferability. Unless otherwise determined by the Committee, the Shares of Restricted Stock are not transferable unless and until they become fully vested
Shares in accordance with this Agreement, otherwise than by will or under the applicable laws of descent and distribution. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the
Recipient. Except as otherwise permitted pursuant to the first sentence of this Section, any attempt to effect a Transfer of any Shares of Restricted Stock prior to the date on which the Shares become fully vested Shares shall be void ab
initio. For purposes of this Agreement, “Transfer” shall mean any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated,
whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy or attachment. 
 6. Tax Matters; Section 83(b) Election. 
 (a) If the Recipient properly elects, within thirty
(30) days of the Date of Grant, to include in gross income for federal income tax purposes an amount equal to the fair market value (as of the Date of Grant) of the Restricted Stock pursuant to Section 83(b) of the Code, the Recipient
shall make arrangements satisfactory to the Company to pay to the Company any federal, state or local income taxes required to be withheld with respect to the Restricted Stock. If the Recipient shall fail to make such tax payments as are required,
the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind (including without limitation, the withholding of any Shares that otherwise would be issued to you under this Agreement) otherwise due to the
Recipient any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Stock. 
  

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 (b) If the Recipient does not properly make the election described in Section 6(a) above, the
Recipient shall, no later than the date or dates as of which the restrictions referred to in this Agreement hereof shall lapse, pay to the Company, or make arrangements satisfactory to the Committee for payment of, any federal, state or local taxes
of any kind required by law to be withheld with respect to the Restricted Stock (including without limitation the vesting thereof). If the Recipient fails to comply with the tax obligations set forth in the immediately preceding sentence (the
“Tax Obligations”), then the Recipient hereby irrevocably authorizes and instructs a broker to be designated by the Company in its sole discretion to sell for the account of the Recipient a sufficient number of Shares of the Restricted
Stock (based upon prevailing market prices at the time of such sale) necessary to satisfy the Recipient’s Tax Obligations, to remit to the Company the proceeds of such sale in such amount necessary to satisfy the Tax Obligations and to remit
any balance resulting from such sale to the Recipient. The Company and any such broker shall be entitled to use and to rely upon the stock powers and other instruments of transfer provided pursuant to Section 3(b) above. In addition, the
Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to Recipient any federal, state, or local taxes of any kind required by law to be withheld with respect to the Restricted Stock.

 (c) Tax consequences on the Recipient (including without limitation federal, state, local and foreign income tax consequences) with
respect to the Restricted Stock (including without limitation the grant, vesting and/or forfeiture thereof) are the sole responsibility of the Recipient. The Recipient shall consult with his or her own personal accountant(s) and/or tax advisor(s)
regarding these matters, the making of a Section 83(b) election, and the Recipient’s filing, withholding and payment (or tax liability) obligations. 
 7. Amendment, Modification & Assignment; Non-Transferability. This Agreement may only be modified or amended in a writing signed by the parties hereto. No promises, assurances, commitments, agreements, undertakings or
representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by either party which are not set forth expressly in this Agreement. Unless otherwise
consented to in writing by the Company, in its sole discretion, this Agreement (and Recipient’s rights hereunder) may not be assigned, and the obligations of Recipient hereunder may not be delegated, in whole or in part. The rights and
obligations created hereunder shall be binding on the Recipient and his heirs and legal representatives and on the successors and assigns of the Company. 
 8. Complete Agreement. This Agreement (together with those agreements and documents expressly referred to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties
with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may
relate to the subject matter hereof in any way. 
  

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 9. Miscellaneous. 
 (a) No Right to (Continued) Employment or Service. This Agreement and the grant of Restricted Stock hereunder shall not confer, or be construed to confer, upon the Recipient any right to employment or service,
or continued employment or service, with the Company or any Related Entity. 
 (b) No Limit on Other Compensation Arrangements.
Nothing contained in this Agreement shall preclude the Company or any Related Entity from adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans, agreements and arrangements may be
either generally applicable or applicable only in specific cases or to specific persons. 
 (c) Severability. If any term or provision
of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law (or if
such provision cannot be so construed or deemed amended without materially altering the purpose or intent of this Agreement and the grant of Restricted Stock hereunder, such provision shall be stricken as to such jurisdiction and the remainder of
this Agreement and the award hereunder shall remain in full force and effect). 
 (d) No Trust or Fund Created. Neither this Agreement
nor the grant of Restricted Stock hereunder shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related Entity and the Recipient or any other person. To the extent that
the Recipient or any other person acquires a right to receive payments from the Company or any Related Entity pursuant to this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (e) Law Governing. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Florida
(without reference to the conflict of laws rules or principles thereof). 
 (f) Interpretation. The Recipient accepts the Restricted
Stock subject to all of the terms, provisions and restrictions of this Agreement and the Plan. The undersigned Recipient hereby accepts as binding, conclusive and final all decisions or interpretations of the Board or the Committee upon any
questions arising under this Agreement. 
 (g) Headings. Section, paragraph and other headings and captions are provided solely as a
convenience to facilitate reference. Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision hereof. 
 (h) Notices. Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or when
deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s General Counsel at Perry Ellis International, Inc., 3000 N.W. 107 Avenue, Miami, FL 33172, or if the Company should

  

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move its principal office, to such principal office, and, in the case of the Recipient, to the Recipient’s last permanent address as shown on the
Company’s records, subject to the right of either party to designate some other address at any time hereafter in a notice satisfying the requirements of this Section. 
 (i) Non-Waiver of Breach. The waiver by any party hereto of the other party’s prompt and complete performance, or breach or violation, of any
term or provision of this Agreement shall be effected solely in a writing signed by such party, and shall not operate nor be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to exercise any right or
remedy which he or it may possess shall not operate nor be construed as the waiver of such right or remedy by such party, or as a bar to the exercise of such right or remedy by such party, upon the occurrence of any subsequent breach or violation.

 (j) Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall be an original, and all
of which together shall constitute one and the same agreement. 
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