Document:

EX-10.15

 Exhibit 10.15 

WILLIAMS–SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 

PERFORMANCE STOCK UNIT AWARD AGREEMENT 

FOR GRANTS TO EMPLOYEES (“AGREEMENT”) 

Name: 
 Grant Date: 

Number of PSUs at Target Performance: 
 Number of PSUs
at Above Target Performance: 
 Maximum Number of PSUs: 
  

	1.	Award. Williams-Sonoma, Inc. (the “Company”), has awarded you the number of Performance Restricted Stock Units indicated above (“Award”). The actual number of Performance Restricted Stock
Units earned under this Award (each of which entitles you to receive one share of Common Stock of the Company) will be determined based on the Company’s attainment of [INSERT GENERAL DESCRIPTION OF GOAL(S)] set forth in resolutions of
the Compensation Committee of the Board of Directors of the Company (the “Committee”), dated [INSERT DATE(S)] (the “Performance Goals”) and the terms and conditions set forth in the Company’s 2001 Long-Term Incentive
Plan (the “Plan”) and this Award. Prior to the distribution of any shares, this Award represents an unsecured obligation, payable only from the general assets of the Company. 

Except as specified herein, shares of Common Stock will be issued to you or, in case of your death, your beneficiary designated in accordance
with the procedures specified by the Administrator on or shortly following the Settlement Date. If at the time of your death, there is not an effective beneficiary designation on file or you are not survived by your designated beneficiary, the
shares will be issued to the legal representative of your estate or other beneficiary as determined under applicable law. 
  

	2.	Vesting. Subject to any acceleration provisions contained in the Plan or this Agreement, the Performance Restricted Stock Units subject to this Award will vest as follows: 

To the extent the Performance Goals are achieved as certified by the Committee, which certification shall occur prior to the Vesting Date
(defined below), this Award will vest on the [NUMBER] anniversary of the Grant Date (the “Vesting Date”), subject to your continued employment with the Company or one of its affiliates through the Vesting Date (the “Employment
Requirement”). 
 Subject to the provisions of Sections 12 and 13, shares of Common Stock will be issued in payment of the Award within
sixty (60) days after the Vesting Date (the “Settlement Date”), net of shares of Common Stock withheld by the Company to satisfy the minimum statutorily required federal, state, foreign and local tax withholding obligations, as
provided in Section 9. You will have no right to receive shares under this Award unless and until the Performance Restricted Stock Units vest. 
  

	3.	Termination Of Employment. 

  

	 	(a)	If you cease to be employed due to your death, Disability (as defined below) or Retirement (defined below), then the Employment Requirement shall cease to apply to you and you will vest in the number of Performance
Restricted Stock Units equal to the Pro Rata Number (as defined below) of Performance Restricted Stock Units earned based on the extent to which the Performance Goals are achieved and the Award is earned, as certified by the Compensation Committee
of the Board in [CERTIFICATION YEAR]. In such event, the shares underlying such vested Pro Rata Number of Performance Restricted Stock Units shall be delivered on the Settlement Date. The “Pro Rata Number” is defined as: 

  
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 The number of Performance Restricted Stock Units subject to this Award that are earned based on
the extent to which the Performance Goals are achieved and the Award is earned, as certified by the Compensation Committee of the Board in [CERTIFICATION YEAR], multiplied by a fraction, the numerator of which is the number of full calendar
months you continued employment with the Company from the Grant Date through and including your termination date, and the denominator of which is the number of full calendar months from the Grant Date through the Vesting Date. 

“Disability” is defined as any one or more of the following: (i) your being unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be expected to last for a continuous period of not less than twelve (12) months; (ii) you are, by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under
the Company’s accident and health plan covering the Company’s employees; or (iii) you have been determined to be totally disabled by the Social Security Administration. 

“Retirement” is defined as your termination of employment for a reason other than Disability or death subsequent to your having
attained age 70 and having been employed by the Company or one of its affiliate for at least 15 years. Notwithstanding the preceding sentence, a termination will not be considered a Retirement if you are terminated for “Cause” by the
Company or one of its affiliates. For this purpose, “Cause” shall be defined as (i) embezzlement, theft or misappropriation by you of any property of any of the Company or its affiliates; (ii) your breach of any fiduciary duty to
the Company or its affiliates; (iii) your failure or refusal to comply with laws or regulations applicable to the Company or its affiliates and their businesses or the policies of the Company and its affiliates governing the conduct of its
employees or directors; (iv) your gross incompetence in the performance of your job duties; (v) commission by you of a felony or of any crime involving moral turpitude, fraud or misrepresentation; (vi) your failure to perform duties
consistent with a commercially reasonable standard of care; (vii) your failure or refusal to perform your job duties or to perform specific directives of your supervisor or designee, or the senior officers or Board of Directors of the Company;
or (viii) any gross negligence or willful misconduct by you resulting in loss to the Company or its affiliates, or damage to the reputation of the Company or its affiliates. 

 

	 	(b)	If you cease to be employed prior to the Vesting Date other than due to a termination described in (a) above, and except as provided otherwise in a Company plan or individual agreement covering you, all then
unvested Performance Restricted Stock Units (including dividend equivalents, if any) awarded hereby shall immediately terminate without notice to you and shall be forfeited. For the purposes of this Agreement, termination of employment shall be
considered to be the last day of your active service for the Company and its affiliates and such termination of employment date shall not be extended by any notice of termination period (or garden leave) required under applicable local law.

  

	4.	No Employment Agreement. Neither the Award nor the delivery to you of this Agreement or any other document relating to the Performance Restricted Stock Units will confer on you the right to continued employment
with or other service to the Company or any Parent or Subsidiary. You agree that this Agreement, the transactions contemplated hereunder and the vesting schedule set forth herein do not constitute an express or implied promise of continued
employment or service for the vesting period, for any period, or at all, and will not interfere in any way with your right or the right of the Company (or the Parent or Subsidiary employing or retaining you) to terminate your employment or other
service relationship at any time, with or without cause or notice provided compliant with applicable local law. 

  

	5.	Dividend Equivalents. During the period beginning on the Grant Date as indicated above and ending on the date that the Performance Restricted Stock Unit is settled or terminates, whichever occurs first, you will
accrue cash payments based on the cash dividend that would have been paid on the actual number of Performance Restricted Stock Units earned hereunder, if any, had such Performance Restricted Stock Units 

  
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been an issued and outstanding share of Common Stock on the record date for the dividend. Such accrued dividends will vest and become payable upon the same terms and at the same time as the
Performance Restricted Stock Units to which they relate, including any delay in payment to which the related Performance Restricted Stock Units may be subject pursuant to Section 12 and will be paid in cash. Dividend equivalent payments will be
net of federal, state, foreign and local withholding taxes to the extent such withholding is required. 

  

	6.	Nontransferable. You may not sell, assign, pledge, encumber or otherwise transfer any interest in the Performance Restricted Stock Units or the right to receive dividend equivalents thereon. 

 

	7.	Other Restrictions. The issuance of Common Stock under this Award is subject to compliance by the Company and you with all applicable legal requirements applicable thereto and with all applicable regulations of
any stock exchange on which the Common Stock may be listed at the time of issuance. The Company may delay the issuance of shares of Common Stock under this Award to ensure at the time of issuance there is a registration statement for the shares in
effect under the Securities Act of 1933. 

  

	8.	Additional Provisions. This Award is subject to the provisions of the Plan. Capitalized terms not defined in this Award are used as defined in the Plan. If the Plan and this Award are inconsistent, the provisions
of the Plan will govern, except as specifically provided herein. Interpretations of the Plan and this Award by the Committee are binding on you and the Company. 

  

	9.	Tax Withholding. You acknowledge that, regardless of any action taken by the Company or, if different, your employer, the ultimate liability for any or all income tax, social insurance contributions, payroll tax
or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”) is and remains your responsibility and may exceed the amount withheld by the Company or your employer. You further
acknowledge that the Company and/or your employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award and (2) do not commit to structure the terms of the
grant or any aspect of the Award to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you are subject to Tax-Related Items in more than one jurisdiction between the Grant Date and the date of
any relevant taxable or tax withholding event, as applicable, you acknowledge that the Company and/or your employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

 You agree that the Company may satisfy such withholding by any or a combination of the following methods: (i) by
requiring you to pay such amount in cash or check; (ii) by deducting such amount out of any other compensation otherwise payable to you; (iii) by the Company withholding a number of shares issuable in respect of the Award having a fair
market value equal to the amount of Tax-Related Items that the Company determines it or your employer is required to withhold; and/or (iv) arranging for the Company’s designated broker (if any, or any broker acceptable to the Company) to
sell shares on the Vesting Date having a fair market value equal to the amount of Tax-Related Items that the Company determines it is required to withhold (and, in the case of using the Company’s designated broker, you authorize such sale by
accepting the terms of this Award). If the obligation for Tax-Related Items is satisfied by withholding in shares, for tax purposes, you are deemed to have been issued the full number of shares subject to the vested Award, notwithstanding that a
number of the shares are held back solely for the purpose of paying the Tax-Related Items. 
 If the Tax-Related Items are not satisfied for
any reason or if you otherwise fail to comply with your obligations in connection with the Tax-Related Items as described in this section, the Company may refuse to deliver the shares pursuant to this Award. 

 

	10.	Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of its Stock Plan Administrator, at 3250 Van Ness Avenue, San Francisco, CA
94109 USA, or at such other address as the Company may hereafter designate in writing. 

  

	11.	Non-accrual of Rights. In accepting your Award, you acknowledge that: 

  

	 	•	 	the Plan is established voluntarily by the Company; it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Award
Agreement; 

  

	 	•	 	the grant of your Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted in the past;

  
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	 	•	 	all decisions with respect to future Awards under the Plan, if any, will be at the sole discretion of the Company; 

  

	 	•	 	you are voluntarily participating in the Plan; 

  

	 	•	 	the Award and the shares of Common Stock subject to the Award are not intended to replace any pension rights or compensation; 

  

	 	•	 	the Award and the shares of Common Stock subject to the Award, and the income and value of same, are not part of normal or expected compensation or salary for any purpose, including, but not limited to, for purposes of
calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; 

 

	 	•	 	the future value of the shares of Common Stock subject to your Award is unknown, indeterminable and cannot be predicted with certainty; 

 

	 	•	 	no claim or entitlement to compensation or damages shall arise from forfeiture of the Award resulting from the termination of your employment or other service relationship (for any reason whatsoever, whether or not
later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment or service agreement, if any), and in consideration of the grant of the Award to which you are otherwise not
entitled, you irrevocably agree never to institute any such claim against the Company or any Subsidiary, waive your ability, if any, to bring any such claim, and release the Company and all Subsidiaries from any such claim; if, notwithstanding
the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you shall be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents necessary to
request dismissal or withdrawal of such claim; 

  

	 	•	 	unless otherwise provided in the Plan or determined by the Company in its discretion, the Award and the benefits evidenced by this Award Agreement do not create any entitlement to have the Award or any such benefits
transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the shares of the Company; and 

 

	 	•	 	you acknowledge and agree that neither the Company nor any Subsidiary shall be liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the
Award or of any amounts due to you pursuant to the settlement of the Award, the payment of dividend equivalents or the subsequent sale of any shares of Common Stock acquired upon settlement. 

 

	12.	409A Settlement Provisions. Please note Section 12 is applicable only to U.S. taxpayers. Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance,
or some lesser portion of the balance, of the Performance Restricted Stock Units is accelerated in connection with your Retirement or other termination of employment (provided that such termination is a “separation from service” within the
meaning of Section 409A, as determined by the Company), other than due to death, and if (x) you are a “specified employee” within the meaning of Section 409A at the time of such termination and (y) the payment of such
accelerated Performance Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to you on or within the six (6) month period following your termination of employment, then the payment of such
accelerated Performance Restricted Stock Units otherwise payable to you during such six (6) month period will accrue and will be paid to you on the date six (6) months and one (1) day following the date of your termination of
employment, unless you die following your termination of employment, in which case, the Performance Restricted Stock Units will be paid in shares of Common Stock to your estate as soon as practicable following your death. It is the intent of this
Agreement to comply with, or be exempt from, the requirements of Section 409A so that none of the Performance Restricted Stock Units provided under this Agreement or shares of Common Stock issuable thereunder will be subject to the additional
tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply or be exempt. For purposes of this Agreement, “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended, and any
proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

  
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	13.	Transactions. 

  

	 	(a)	Change of Control. In the event of a Transaction that qualifies as a Change of Control, as defined in [INSERT NAME OF RETENTION DOCUMENT COVERING PSU RECIPIENT, SUCH AS AN EMPLOYMENT
AGREEMENT, THE 2012 EVP LEVEL RETENTION PLAN OR THE 2012 SVP LEVEL RETENTION PLAN], or otherwise qualifies as a “change of ownership or control within the meaning of Treasury Regulation Section 1.162-27(e)(2)(v) or any successor
provision thereto, as determined by the Committee in good faith (“Change of Control”), the Performance Goals shall be deemed satisfied at target performance and, for purposes of any severance vesting provisions in a Company plan or
individual agreement covering you, the Award will be treated in the same manner as a purely time-based restricted stock unit award covering the number of shares determined in accordance with such deemed target performance. In the event of a
Transaction that does not qualify as a Change of Control, the Performance Goals shall be equitably adjusted by the Committee to reflect the Transaction but only to the extent as would not result in loss of the qualified performance-based
compensation exception under Section 162(m) of the Code. 

  

	 	(b)	Section 409A Change of Control. For Awards that are subject to, and not exempt from Section 409A, in the event of a Transaction that qualifies as a change in the ownership or effective control of the
Company or a change in the ownership of a substantial portion of the Company’s assets, each within the meaning of Section 409A (each, a “409A Change of Control”), with respect to then-unvested Performance Restricted Stock Units
subject to this Award: 

  

	 	(1)	If the Award is not assumed or substituted for as provided in Section 17 of the Plan, the Award will vest 100% immediately prior to its termination pursuant to Section 17 of the Plan, and the shares of Common
Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) payable to you in connection with the Award will be delivered to you as soon as practicable following the date on which such
Transaction is consummated (within sixty (60) days of the consummation of the Transaction or such later time required for compliance with Section 409A). 

  

	 	(2)	If the Award is assumed or substituted for as provided in Section 17 of the Plan, the Award shall continue to vest in accordance with the terms of this Agreement and the Plan and be delivered to you on the
Settlement Date (subject to Section 12 hereof). 

 Awards Exempt from Section 409A. For Awards that are
exempt from Section 409A, the then-unvested Performance Restricted Stock Units subject to this Award will be treated pursuant to Section 17 of the Plan, subject to the provisions of Section 12 hereof and except as would cause the
Award to not satisfy the “qualified performance-based compensation” exception under Section 162(m) of the Code. 
  

	 	(c)	Non-Section 409A Change of Control. For Awards that are subject to, and not exempt from Section 409A, in the event of a Transaction that does not qualify as a 409A Change of Control, with
respect to then-unvested Performance Restricted Stock Units subject to this Award: 

  

	 	(1)	If the Award is not assumed or substituted for as provided in Section 17 of the Plan, except as would cause the Award to not satisfy the “qualified performance-based compensation” exception under
Section 162(m) of the Code, the Award will vest 100% immediately prior to its termination pursuant to Section 17 of the Plan, but the shares of Common Stock (or the per share consideration received by a majority of the holders of such
Common Stock in such Transaction) payable to you in connection with the Award will be delivered to you on the Settlement Date (subject to Section 12 hereof), regardless of any acceleration of the vesting of such Performance Restricted Stock
Units which may occur in connection with the Transaction. 

  
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	 	(2)	If such portion of the Award is assumed or substituted for as provided in Section 17 of the Plan, such portion of the Award shall continue to vest in accordance with the terms of this Agreement and the Plan and,
regardless of any acceleration of the vesting of such Performance Restricted Stock Units which may occur in connection with the Transaction, be delivered to you on the Settlement Date (subject to Section 12 hereof). 

Awards Exempt from Section 409A. For Awards that are exempt from Section 409A, the then-unvested Performance Restricted
Stock Units subject to this Award will be treated pursuant to Section 17 of the Plan, subject to the provisions of Section 12 hereof and except as would cause the Award to not satisfy the “qualified performance-based
compensation” exception under Section 162(m) of the Code. 
  

	14.	Governing Law and Venue. The Award and the provisions of this Agreement are governed by, and subject to, the laws of the State of California without regard to the conflict of law provisions, as provided in the
Plan. Further, for purposes of any action, lawsuit or other proceedings brought to enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of San
Francisco County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is made and/or to be performed. 

 

	15.	Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. You hereby consent to
receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

 

	16.	Severability and Waiver. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions
shall nevertheless be binding and enforceable. Further, you acknowledge that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any
subsequent breach by you or any other Plan participant. 

  

	17.	Imposition of Other Requirements. The Company reserves the right to impose other requirements on your participation in the Plan, on the Award and on any shares of Common Stock acquired under the Plan, to the
extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

 

	18.	No Advice. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan or your acquisition or sale of Common Shares. You
are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan. 

 

	19.	Language. If Employee has received this Agreement or any other document related to the Plan translated into a language other than English and if the translated version is different than the English version, the
English version will control. 

  

	20.	Country-Specific Appendix. Notwithstanding any provisions in this Agreement or the Plan, the grant of Performance Restricted Stock Units shall be subject to any special terms and conditions as set forth in the
Appendix to this Agreement for your country of residence. In addition, for U.S. taxpayers, the U.S. provisions in the Appendix will apply and may modify the timing of settlement of Performance Restricted Stock Units for you. Moreover, if you
relocate to one of the countries included in the Appendix, the special terms and conditions for such country will apply to you to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order
to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 

[INSERT SIGNATURE LINE FOR PEOPLE OUTSIDE OF U.S.] 

Approved by the Compensation Committee on March 18, 2014 

  
 6EX-10.42

 Exhibit 10.42 
 JANET HAYES EMPLOYMENT AGREEMENT 
 This Employment Agreement (the
“Agreement”) is entered into effective as of the last date signed below (the “Effective Date”) by and between Williams-Sonoma, Inc. (the “Company”) and Janet Hayes (“Executive”). 

1.      Duties and Scope of Employment. 

(a)    Position and Duties. As of the Effective Date, Executive will serve as President of the Williams-Sonoma
brand of the Company, reporting to the Company’s Chief Executive Officer (the “CEO”). Executive will render such business and professional services in the performance of her duties, consistent with Executive’s position within the
Company, as shall reasonably be assigned to her by the CEO. Executive’s duties and responsibilities may be altered, modified and changed as the CEO or Board deems appropriate. 

(b)    Obligations. During the Term (as defined below), Executive will perform her duties faithfully and to
the best of her ability and will devote her full business efforts and time to the Company. For the duration of the Term, Executive agrees not to engage in any other employment, occupation, consulting or business activity for any direct or indirect
remuneration without the prior approval of the CEO; provided, however, that, Executive may engage in charitable, community service and industry association activities and may manage her own finances, so long as those activities do not materially
interfere with the performance of her duties under this Agreement or her fiduciary duty to the Company, as determined by the CEO. Upon notice to the CEO, Executive may serve on the board of directors (and board committees) of not more than one other
for-profit corporation, so long as those activities do not materially interfere with the performance of her duties under this Agreement or her fiduciary duty to the Company, as determined by the CEO. 

(c)    Conflicting Employment. If the CEO approves Executive’s engagement in other employment,
occupation, consulting or business activity pursuant to Section 1(b), Executive agrees that, while employed by the Company, such employment, occupation, consulting or business activity will not be directly related to the business in which the
Company is now involved or becomes involved during the term of Executive’s employment, nor will Executive engage in any other activities that conflict with Executive’s obligations to the Company. 

2.      Term. This Agreement will commence on the Effective Date and will remain in effect until
May 3, 2015; provided, however, that Section 6 of this Agreement shall survive the lapse of the term of this Agreement and shall be binding on both parties with respect to any termination of Executive’s employment triggering severance
benefits under Section 6 that occurs prior to the lapsing of the term of this Agreement. Notwithstanding the foregoing, the parties agree that Executive’s employment with the Company will be “at-will” employment and may be
terminated by the Company at any time with or without cause. Executive understands and agrees that neither her job performance nor promotions, commendations, bonuses or the like from the Company give rise to or in any way serve as the basis for
continuation, modification, amendment, or extension, by implication or otherwise, of her employment with the Company. However, as described in this Agreement, Executive may be entitled to severance benefits depending on the

 
circumstances of Executive’s termination of employment with the Company as expressly provided in Section 6 of this Agreement. 

3.      Compensation. 
 (a)    Base Salary. The Company will pay Executive as compensation for her services, a base salary at the annualized rate of $760,000 (the “Base Salary”). The Base
Salary will be paid periodically in accordance with the Company’s normal payroll practices and is subject to lawfully required withholdings. Adjustments to the Base Salary may be made in the sole discretion of the Compensation Committee of the
Board. 
 (b)    Target Incentive Plan. Executive will be eligible to participate in the
Company’s 2001 Incentive Bonus Plan (“Bonus Plan”), and to receive such annual bonuses as are payable under that plan; provided, however, that with respect to the Company’s fiscal year 2013 (“Fiscal 2013”), upon
the Compensation Committee certifying the Company’s achievement of the target under the Bonus Plan and the Company satisfying the secondary performance goal under the Management Bonus Plan of target earnings per share, Executive’s annual
bonus for Fiscal 2013 under the Bonus Plan will become payable to her in an amount equal to at least $700,000 (subject to lawfully required withholdings). 
 4.      Employee Benefits. Executive will continue to be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of
general applicability to other senior executives of the Company, including, without limitation, the Company’s group medical, dental, vision, disability, life insurance, vacation and flexible-spending account plans and programs. The Company
reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. 
 The Company
shall reimburse (or directly pay) reasonable attorney’s fees incurred by the Executive in connection with (a) the negotiation and review of this Agreement in an amount not to exceed $5,000 and (b) the review and documentation of
Executive’s exit arrangements upon termination of her employment in an amount not to exceed $5,000. 

5.      Equity. Executive will be eligible to receive equity compensation awards as the Compensation
Committee of the Board deems appropriate. 
 6.      Severance. 

(a)    Involuntary Termination Without Cause; Voluntary Termination for Good Reason; Death or Disability
Terminations Outside of a Change of Control. If Executive’s employment with the Company (i) is terminated involuntarily by the Company without Cause (as defined in this Agreement), (ii) voluntarily by Executive for Good Reason (as
defined in this Agreement), or (iii) subject to Section 6(a)(viii), due to Executive’s death or Disability (as defined in this Agreement), in each case subject to Executive (or Executive’s estate, in the event of Executive’s
death) signing and not revoking a release of claims in favor of the Company substantially in the form attached as Exhibit A to this Agreement, the Company shall provide severance pay and benefits, subject to certain conditions, as follows:

  
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 (i)      Base Salary. The Company shall provide
monetary severance to Executive equal to twelve (12) months’ of Base Salary. Such severance (“Severance Payments”) shall be paid over twelve months from the date of employment termination (the “Severance Period”) in
accordance with the payroll schedule applicable to active officers of the Company (subject to the timing provisions of Sections 6(a)(x) and 13) of this Agreement. 
 (ii)      Bonus. Executive shall receive a lump sum payment equal to one hundred percent (100%) of her average annual bonus received in the last thirty-six
(36) months. The amount paid shall not be pro-rated. 
 (iii)      Continued Employee
Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for eighteen
(18) months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (subject to the timing provisions of Sections 6(a)(x) and 12 of this Agreement. 

(iv)      Service-Based Equity Vesting Acceleration. Any outstanding equity compensation awards
that vest solely based upon Executive’s continued service with the Company shall immediately accelerate vesting as to the number of shares that would have otherwise vested had Executive remained employed by the Company for eighteen
(18) months following Executive’s termination date. This includes equity compensation awards with a mixture of performance-based vesting and service-based vesting provisions as to which the performance period has ended on or prior to
Executive’s employment termination date. Any such awards will otherwise remain subject to the terms of the applicable stock plan, grant and/or agreement. 

EXAMPLE: Executive is granted RSUs covering 100,000 shares that vests as to 25% of the covered shares on each
anniversary of the grant date, so as to be 100% vested on the fourth (4th) anniversary of the grant date, subject to Executive’s continued service with the Company. Twenty-seven (27) months following the grant date, Executive’s employment terminates such
that accelerated vesting under this Agreement is triggered. Accordingly, the RSU receives eighteen months’ accelerated vesting so that it vests the same as if Executive had remained employed for forty-five (45) months following the grant
date. Therefore, Executive vests in an additional 25,000 of the RSUs by virtue of this Agreement’s vesting acceleration provisions. This provides Executive with a total of 75,000 vested RSUs. The remaining 25,000 RSUs are forfeited. 

(v)      Performance-Based Equity Vesting Acceleration. Any outstanding equity compensation awards
that vest based upon achieving performance milestones shall remain outstanding through the date upon which the Compensation Committee of the Board certifies the extent to which the performance milestones have been achieved. This includes equity
compensation awards with a mixture of performance-based vesting and service-based vesting provisions as to which the performance period has not ended on or prior to Executive’s employment termination date. These awards shall be paid out,
subject to the attainment of the applicable performance milestones, to the same extent and at the same time as if Executive had remained employed by the Company through the eighteen (18) month period following Executive’s termination date,
without any downward discretionary adjustments by the Compensation 

  
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Committee. These payouts are subject to the timing provisions of Sections 6(a)(x) and 13 of this Agreement. Any such awards will otherwise remain subject to the terms of the applicable stock
plan, grant and/or agreement. 
 (vi)      Change in Control. If Executive is entitled to
severance benefits arising from termination of employment in connection with a change of control of the Company under another agreement with the Company or plan adopted by the Company (“Change in Control Severance Plan”), and the payments
under the Change in Control Severance Plan are greater in the aggregate than those provided in this Agreement, then severance shall be paid under the Change in Control Severance Plan and not this Agreement. Such payments under the Change in Control
Severance Plan shall be in lieu of and not in addition to severance benefits compensation under this Section 6; provided, however, that notwithstanding the foregoing, Executive shall remain entitled to reimbursement of legal expenses incurred
in the review and documentation of Executive’s exit arrangements upon termination of her employment in an amount not to exceed $5,000, as provided in Section 4 of this Agreement. Moreover, severance payments and benefits paid under this
Section 6 shall be in lieu of any severance payments or benefits under any of the Company’s welfare benefit plans. 

(vii)      Code of Conduct. Notwithstanding the foregoing, the Company’s obligation to make
severance payments, pay bonus payments, provide benefits and vest equity compensation under this Section 6 is expressly conditioned upon Executive’s ongoing compliance with sections of the Company’s Corporate Code of Conduct titled
“Protecting Confidential Information” and “Non-Solicitation” (the “Code Sections”). In the event Executive breaches the terms of the Code Sections, the Company’s obligations under this Section 6 shall
automatically terminate, without any notice to Executive. 
 (viii)      No Mitigation. If
Executive’s employment with the Company is terminated due to Executive’s death or Disability, any severance payments due under Section 6(a)(i) (Base Salary) and Section 6(a)(ii) (Bonus) shall be reduced by the amount of any life
insurance or disability insurance payments or proceeds under Company-paid insurance programs or policies (or the Company-paid portion of such Company-sponsored insurance programs or policies, if such programs or policies are not fully Company-paid).
Except as provided by the foregoing sentence, the Executive shall not be required to mitigate the amount of any severance payments or benefits provided for under this Agreement by seeking other employment nor shall any amounts to be received by the
Executive under this Agreement be reduced by any other compensation earned. 
 (ix)      Tax
Withholding. The Company shall be entitled to withhold from any payments made to Executive under this Section 6 any amounts required to be withheld by applicable federal, state or local tax law. 

(x)      Release of Claims. Receipt of the severance payments and benefits specified in this
Section 6 shall be contingent on Executive’s (or Executive’s estate, in the event of Executive’s death) execution of a full release of all claims against the Company in substantially the form attached to this Agreement as
Exhibit A, and the lapse of any statutory period for revocation, and such release becoming effective in accordance with its terms within fifty-two (52) days following the termination date. Any severance payment to which Executive
otherwise would have 

  
 4 

 
been entitled during such fifty-two (52) day period shall be paid by the Company in cash and in full arrears on the fifty-third (53rd) day following Executive’s employment termination date or such later date as is required to avoid the
imposition of additional taxes under Section 409A (as defined below). 

(xi)      Non-Disparagement. While employed by the Company and for a period of twenty-four
(24) months commencing on the date upon which Executive’s employment terminates, (i) Executive agrees that she shall not make any statements that disparage the Company, its products, services, officers, employees, members of its
Board, advisers or other business contacts, and (ii) the Company agrees that members of its Board and the Company’s officers holding the title of Executive Vice President or above shall not make any statements that disparage Executive.
Executive acknowledges and agrees that upon her breach in any material respect of this non-disparagement provision, the Company’s obligations under this Section 6 will cease such that Executive will not be entitled to any further payments
or benefits under that Section. 
 (b)    Voluntary Termination Other than for Good Reason, Death or
Disability; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive other than for Good Reason, or other than pursuant to Executive’s death or Disability, or for Cause by the Company, then
(i) all vesting of any equity compensation held by Executive will terminate immediately and all payments of compensation by the Company to Executive will terminate immediately (except as to amounts already earned, including unused and accrued
vacation); and (ii) Executive shall not be eligible for severance or other benefits, except in accordance with any generally applicable Company plans or policies as are then in effect. 

7.      Work with Competitors. Executive agrees that, if Executive is terminated by the Company with
or without Cause or voluntarily resigns with or without Good Reason, Executive will not, for twenty-four (24) months from the last day of Executive’s employment, accept other employment or professional relationship with a competitor of the
Company (defined as either (i) another company primarily engaged in retail sales of products for the home or (ii) any retailer with retail products for the home sales in excess of $100 million annually (either (i) or (ii), a
“Competitor”)). In consideration for this promise, the Company will pay Executive the equivalent of twelve (12) months of Executive’s Base Salary in twenty-four (24) equal installments paid each month for twenty-four
(24) consecutive months. If Executive breaches this Section 7, then the Company’s obligations under this Section 7 will immediately cease such that Executive will not be entitled to any further payments or benefits under this
Section. 
 8.      Definitions. 

(a)    Cause. For purposes of this Agreement, “Cause” is defined as (i) an act of dishonesty
made by Executive in connection with Executive’s responsibilities as an employee, (ii) Executive’s conviction of or plea of nolo contendere to, a felony or any crime involving fraud, embezzlement or any other act of
moral turpitude, (iii) Executive’s gross misconduct, (iv) Executive’s unauthorized use or disclosure of any proprietary information or trade secrets of the Company or any other party to whom Executive owes an obligation of
nondisclosure as a result of Executive’s relationship with the Company; (v) Executive’s willful breach of any obligations under any written agreement or covenant with the Company or breach of the Company’s Corporate

  
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Code of Conduct; or (vi) Executive’s continued failure to perform her employment duties after Executive has received a written demand of performance from the CEO which specifically sets
forth the factual basis for the CEO’s belief that Executive has not substantially performed her duties and has failed to cure such non-performance to the Company’s satisfaction within 30 days after receiving such notice. 

(b)    Disability. For purposes of this Agreement, “Disability” means Executive (i) is unable
to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months,
or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less
than three (3) months under an accident and health plan covering Company employees. 
 (c)    Good
Reason. For purposes of this Agreement, “Good Reason” is defined as, without the Executive’s consent, (i) a reduction in the Executive’s Base Salary (except pursuant to a reduction generally applicable to senior
executives of the Company), (ii) a material diminution of Executive’s authority or responsibilities, (iii) a reduction of Executive’s title, or (iv) Executive ceasing to report directly to the CEO. In addition, upon any such
voluntary termination for Good Reason the Executive must provide written notice to the Company of the existence of the one or more of the above conditions within ninety (90) days of its initial existence and the Company must be provided with at
least thirty (30) days to remedy the condition. 
 9.      Assignment. This Agreement
will be binding upon and inure to the benefit of (a) the heirs, executors and legal representatives of Executive upon Executive’s death and (b) any successor of the Company. Any such successor of the Company will be deemed substituted
for the Company under the terms of this Agreement for all purposes. For this purpose, “successor” means any person, firm, corporation or other business entity which at any time, whether by purchase, merger or other, directly or indirectly
acquires all or substantially all of the assets or business of the Company. None of the rights of Executive to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will of the laws of descent
and distribution. Any other attempted assignment, transfer, conveyance or other disposition of Executive’s right to compensation or other benefits will be null and void. 
 10.    Notices. All notices, requests, demands and other communications called for under this Agreement shall be in writing and shall be deemed given (i) on the date of
delivery if delivered personally, (ii) one (1) day after being sent by a well established commercial overnight service, or (iii) four (4) days after being mailed by registered or certified mail, return receipt requested, prepaid
and addressed to the parties or their successor at the following addresses, or at such other addresses as the parties may later designate in writing: 
 If to the Company: 
 Williams-Sonoma, Inc. 

3250 Van Ness Avenue 
 San Francisco, CA 94109 
 Attn: General Counsel 

  
 6 

 If to Executive: 
 Janet Hayes 
 At the last residential address known to the Company 

11.    Severability. In the event that any provision of this Agreement becomes or is declared by a court of
competent jurisdiction to be illegal, unenforceable or void, this Agreement will continue in full force and effect without that provision. 
 12.    Mediation. 

(a)    General. In the event of any claim or controversy between the parties which the parties are unable to
resolve themselves, including any claim arising out of Executive’s employment or the termination of that employment, and including any claim arising out of, connected with, or related to the formation, interpretation, performance or breach of
this Agreement, the complaining party shall promptly send written notice to the other party identifying the matter in dispute and the proposed remedy. Following the giving of such notice, the parties shall meet and attempt in good faith to resolve
the matter. In the event the parties are unable to resolve the matter within twenty-one (21) calendar days, the parties shall submit the controversy to a mutually-selected mediator and attempt in good faith to resolve the matter through
mediation. 
 (b)    Availability of Injunctive Relief. The parties agree that they shall have the
right to seek judicial relief in the form of injunctive and/or other equitable relief under the California Arbitration Act, Code of Civil Procedure section 1281.8(b), including but not limited to relief for threatened or actual misappropriation of
trade secrets, violation of this Agreement or the Confidentiality Agreement or any other agreement regarding trade secrets, confidential information, nonsolicitation or Labor Code § 2870. In the event either party seeks injunctive relief,
the prevailing party shall be entitled to recover reasonable costs and attorneys’ fees. 

(c)    Administrative Relief. Executive understands that this Agreement does not prohibit Executive from
pursuing an administrative claim with a local, state or federal administrative body such as the Department of Fair Employment and Housing, the Equal Employment Opportunity Commission or the workers’ compensation board. 

13.    Section 409A. 
 (a)    Notwithstanding anything to the contrary in this Agreement, no Deferred Compensation Separation Benefits payable under this Agreement will be considered due or payable until and
unless Executive has a “separation from service” within the meaning of Section 409A of the U.S. Internal Revenue Code of 1986, as amended and the final regulations and any guidance promulgated under Section 409A, as each may be
amended from time to time (together, “Section 409A”). Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within the meaning of Section 409A at the time of Executive’s
“separation from service” other than due to Executive’s death, then any severance benefits payable pursuant to this Agreement and any other severance payments or separation benefits, that in each case when considered together may be
considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”) and are otherwise due to Executive on or within the six (6)

  
 7 

 
month period following Executive’s “separation from service” will accrue during such six (6) month period and will instead become payable in a lump sum payment on the date six
(6) months and one (1) day following the date of Executive’s “separation from service.” All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to
each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

(b)    Notwithstanding anything to the contrary in this Agreement, if Executive dies following her “separation
from service” but prior to the six (6) month anniversary of the date of her “separation from service,” then any Deferred Compensation Separation Benefits delayed in accordance with this Section will be payable in a lump sum as
soon as administratively practicable after the date of Executive’s death, but not later than ninety (90) days after the date of Executive’s death, and all other Deferred Compensation Separation Benefits will be payable in accordance
with the payment schedule applicable to each payment or benefit. 
 (c)    Payments reimbursable under
Section 4 of this Agreement for attorney’s fees incurred in connection with the review and documentation of Executive’s exit arrangements upon termination of her employment may not be incurred beyond the last day of the second
calendar year following the calendar year in which Executive’s separation from service occurred, and will be reimbursed to (or directly paid on behalf of) Executive no later than the last day of the third calendar year following the calendar
year in which Executive’s separation from service occurred. 
 (d)    It is the intent of this
Agreement to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided under this Agreement will be subject to the additional tax imposed under Section 409A, and any ambiguities in this
Agreement will be interpreted to so comply. The Company and Executive agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition
of any additional tax or income recognition under Section 409A prior to actual payment to Executive. 

14.    Integration. This Agreement, Executive’s equity compensation agreements with the Company, and the
Corporate Code of Conduct by and between Executive and the Company represent the entire agreement and understanding between the parties as to the subject matter of this Agreement and supersede all prior or contemporaneous agreements whether written
or oral, except for Executive’s amended and restated Management Retention Agreement. No waiver, alteration, or modification of any of the provisions of this Agreement will be binding unless in writing and signed by duly authorized
representatives of the parties to this Agreement. 
 15.    Tax Withholding. All payments made
pursuant to this Agreement will be subject to withholding of applicable taxes. 
 16.    Governing
Law. This Agreement will be governed by the laws of the State of California (with the exception of its conflict of laws provisions). 

  
 8 

 17.    Headings. The headings of sections and subsections of this
Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of this Agreement. 

18.    Acknowledgment. Executive acknowledges that she has had the opportunity to discuss this matter with and
obtain advice from her private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly and voluntarily entering into this Agreement. 

 

							
	EXECUTIVE	 		 	WILLIAMS-SONOMA, INC.
				
	/s/ Janet Hayes	 		 	By	 	/s/    Laura J. Alber
	Janet Hayes	 		 		 	Laura J. Alber
		 		 		 	President and Chief Executive Officer
			
	 Dated: August 7, 2013
	 		 	Dated: August 9, 2013

  
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 EXHIBIT A 

WILLIAMS-SONOMA, INC./JANET HAYES 
 RELEASE OF CLAIMS 
 This Release of Claims (“Agreement”) is made
by and between Williams-Sonoma, Inc. (the “Company”) and Janet Hayes (“Executive”). 
 WHEREAS, Executive
has agreed to enter into a release of claims in favor of the Company upon certain events specified in the employment agreement by and between Company and Executive (the “Employment Agreement”). 

NOW THEREFORE, in consideration of the mutual promises made in this Agreement, the parties hereby agree as follows: 

1.    Termination. Executive’s employment from the Company terminated on
                 (the “Termination Date”). 
 2.    Confidential Information. Executive shall continue to maintain the confidentiality of all confidential and proprietary information of the Company and shall continue to
comply with the terms and conditions of the Company’s Code of Corporate Conduct. Executive shall return all the Company property and confidential and proprietary information in her possession to the Company on the Effective Date of this
Agreement. 
 3.    Payment of Salary. Executive acknowledges and represents that the Company has
paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Executive. 

4.    Release of Claims. Executive agrees that the foregoing consideration represents settlement in full of
all outstanding obligations owed to Executive by the Company. Executive, on behalf of herself, and her respective heirs, family members, executors and assigns, hereby fully and forever releases the Company and its past, present and future officers,
agents, directors, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, parents, predecessor and successor corporations, and assigns, from, and agrees not to sue or otherwise institute or cause to be instituted
any legal or administrative proceedings concerning any claim, duty, obligation or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that she may possess arising from any omissions,
acts or facts that have occurred up until and including the Effective Date of this Agreement including, without limitation, 

4.1    any and all claims relating to or arising from Executive’s employment relationship with the Company and
the termination of that relationship; 

 4.2    any and all claims relating to, or arising from, Executive’s
right to purchase, or actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud
under any state or federal law; 
 4.3    any and all claims for wrongful discharge of employment;
termination in violation of public policy; discrimination; breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of
emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault;
battery; invasion of privacy; false imprisonment; and conversion; 
 4.4    any and all claims for violation
of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the
Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and Retraining Notification Act, the California Fair Employment and Housing Act, and Labor Code section 201, et seq. and section 970, et
seq. and all amendments to each such Act as well as the regulations issued under each such Act; 

4.5    any and all claims for violation of the federal, or any state, constitution; 

4.6    any and all claims arising out of any other laws and regulations relating to employment or employment
discrimination; and 
 4.7    any and all claims for attorneys’ fees and costs, except as specifically
set forth in the Employment Agreement. 
 Executive agrees that the release set forth in this section shall be and remain in effect in all
respects as a complete general release as to the matters released. This release does not extend to any severance obligations due Executive under the Employment Agreement. Nothing in this Agreement waives Executive’s rights to indemnification or
any payments under any fiduciary insurance policy, if any, provided by any act or agreement of the Company, state or federal law or policy of insurance. 
 5.    Acknowledgment of Waiver of Claims under ADEA. Executive acknowledges that she is waiving and releasing any rights she may have under the Age Discrimination in Employment
Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Executive and the Company agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective Date of
this Agreement. Executive acknowledges that the consideration given for this waiver and release Agreement is in addition to anything of value to which Executive was already entitled. Executive further acknowledges that she has been advised by this
writing that (a) she should consult with an attorney prior to executing this Agreement; (b) she has at least twenty-one (21) days within which to consider this Agreement; (c) she has seven (7) days following the execution of
this Agreement by the parties to revoke the Agreement; (d) this Agreement shall not be effective until the revocation period has expired; and (e) nothing in this Agreement prevents or precludes Executive

  
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from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs for doing so, unless
specifically authorized by federal law. Any revocation should be in writing and delivered to the Vice-President of Human Resources at the Company by close of business on the seventh day from the date that Executive signs this Agreement. 

6.    Civil Code Section 1542. Executive represents that she is not aware of any claims against the
Company other than the claims that are released by this Agreement. Executive acknowledges that she has been advised by legal counsel and is familiar with the provisions of California Civil Code 1542, below, which provides as follows: 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HER FAVOR AT THE TIME OF EXECUTING
THE RELEASE, WHICH IF KNOWN BY HER MUST HAVE MATERIALLY AFFECTED HER SETTLEMENT WITH THE DEBTOR. 
 Executive, being aware
of said code section, agrees to expressly waive any rights she may have under such code section, as well as under any statute or common law principles of similar effect. 
 7.    No Pending or Future Lawsuits. Executive represents that she has no lawsuits, claims, or actions pending in her name, or on behalf of any other person or entity, against
the Company or any other person or entity referred to in this Agreement. Executive also represents that she does not intend to bring any claims on her own behalf or on behalf of any other person or entity against the Company or any other person or
entity referred to herein. 
 8.    Application for Employment. Executive understands and agrees
that, as a condition of this Agreement, she shall not be entitled to any employment with the Company, its subsidiaries, or any successor, and she hereby waives any right, or alleged right, of employment or re-employment with the Company. 

9.    No Cooperation. Executive agrees that she will not counsel or assist any attorneys or their clients in
the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against the Company and/or any officer, director, employee, agent, representative, shareholder or attorney of the Company,
unless under a subpoena or other court order to do so. 
 10.    No Admission of Liability. Executive
understands and acknowledges that this Agreement constitutes a compromise and settlement of disputed claims. No action taken by the Company, either previously or in connection with this Agreement shall be deemed or construed to be (a) an
admission of the truth or falsity of any claims heretofore made or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever to the Executive or to any third party. 

  
 3 

 11.    Costs. The parties shall each bear their own costs, expert
fees, attorneys’ fees and other fees incurred in connection with this Agreement, except as specifically set forth in the Employment Agreement. 
 12.    Authority. Executive represents and warrants that she has the capacity to act on her own behalf and on behalf of all who might claim through her to bind them to the terms
and conditions of this Agreement. 
 13.    No Representations. Executive represents that she has had
the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Agreement. Neither party has relied upon any representations or statements made by the other party which are not
specifically set forth in this Agreement. 
 14.    Severability. In the event that any provision
hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 

15.    Entire Agreement. This Agreement, along with the Code of Corporate Conduct and Executive’s written
equity compensation agreements with the Company, represents the entire agreement and understanding between the Company and Executive concerning Executive’s separation from the Company. 

16.    No Oral Modification. This Agreement may only be amended in writing signed by Executive and the
Chairman of the Board of Directors of the Company. 
 17.    Governing Law. This Agreement shall be
governed by the internal substantive laws, but not the choice of law rules, of the State of California. 

18.    Effective Date. This Agreement is effective eight (8) days after it has been signed by both
parties. 
 19.    Counterparts. This Agreement may be executed in counterparts, and each counterpart
shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned. 
 20.    Voluntary Execution of Agreement. This Agreement is executed voluntarily and without any duress or undue influence on the part or behalf of the parties to this Agreement,
with the full intent of releasing all claims. The parties acknowledge that: 
 20.1    They have read this
Agreement; 
 20.2    They have been represented in the preparation, negotiation, and execution of this
Agreement by legal counsel of their own choice or that they have voluntarily declined to seek such counsel; 

20.3    They understand the terms and consequences of this Agreement and of the releases it contains; 

  
 4 

 20.4    They are fully aware of the legal and binding effect of this
Agreement. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the respective dates set forth below. 

 

							
		 		 	Williams-Sonoma, Inc.
				
	Dated:                 , 20    	 		 	By	 	 
		 		 		 	
		 		 		 	
			
		 		 	Janet Hayes, an individual
			
	Dated:                 , 20    	 		 	  

		 		 		 	
		 		 		 	

  
 5

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