SEC Contract Filing

Filing Date: 2021-05-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>fosl-q10432021xex103.htm
<DESCRIPTION>EX-10.3
<TEXT>
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<title>Document</title></head><body><div id="i814eaeccd81e445cb1ccbb3745615ca2_1"></div><div style="min-height:68pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> Exhibit 10.3</font></div><div style="padding-left:57.29pt;padding-right:57.29pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Restricted Stock Unit Award</font></div><div style="padding-left:0.56pt;padding-right:0.56pt;text-align:center"><font><br></font></div><div style="padding-left:0.56pt;padding-right:0.56pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">under the Fossil, Inc. 2016 Long-Term Incentive Plan</font></div><div style="padding-left:0.56pt;padding-right:0.56pt;text-align:center"><font><br></font></div><div style="padding-left:1.13pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This RESTRICTED STOCK UNIT AWARD (the &#8220;Award&#8221;), is entered into effect as of the date of the grant (the &#8220;Effective Date&#8221;).</font></div><div style="padding-left:0.56pt;padding-right:0.56pt;text-align:center"><font><br></font></div><div style="padding-left:0.56pt;padding-right:0.56pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">W I T N E S S E T H&#58;</font></div><div style="padding-left:1.13pt"><font><br></font></div><div style="padding-left:1.13pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">WHEREAS, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Fossil, Inc., a Delaware corporation (the &#8220;Company&#8221;) has adopted the Fossil, Inc. 2016 Long-Term Incentive Plan (the &#8220;Long-Term Incentive Plan&#8221;), effective as of the Effective Date (as defined in the Long-Term Incentive Plan), with the objective of advancing the best interests of the Company, its Subsidiaries and its stockholders in order to attract, retain and motivate Outside Directors (as defined in the Long-Term Incentive Plan) with additional incentives through the award of Restricted Stock Units&#59; and</font></div><div style="padding-left:1.13pt"><font><br></font></div><div style="padding-left:1.13pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">WHEREAS</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">, the Long-Term Incentive Plan provides that Outside Directors of the Company shall automatically be granted an Award which consists of restricted units of common stock, par value</font></div><div style="padding-left:1.13pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">$.01 per share (&#8220;Common Stock&#8221;), of the Company&#59;</font></div><div style="padding-left:1.13pt"><font><br></font></div><div style="padding-left:1.13pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">NOW, THEREFORE,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> the Participant identified in the Notice of Grant is hereby awarded Restricted Stock Units in accordance with the following terms&#58;</font></div><div style="padding-left:1.13pt"><font><br></font></div><div style="padding-left:1.13pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">1.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;text-decoration:underline">Grant of Award&#59; Restricted Stock Units</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. Subject to the terms and conditions set forth in the Long-Term Incentive Plan, this Award and in the Notice of Grant, the Company hereby grants to the Participant an award of those Restricted Stock Units specified in the Notice of Grant, subject to adjustment from time to time as provided in Articles 12, 13 and 14 of the Long-Term Incentive Plan. Each Restricted Stock Unit shall consist of the right to receive, upon the Vesting Date (set forth in the Notice of Grant), a share of Common Stock for each vested Restricted Stock Unit, which shall be delivered by the Company to an account in the name of the Participant as promptly as practicable following the Vesting Date.</font></div><div style="padding-left:1.13pt"><font><br></font></div><div style="padding-left:1.13pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">2.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;text-decoration:underline">Vesting.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"> </font><font style="color:#000000;font-family:'Times N