SEC Contract Filing

Filing Date: 2016-11-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>rev-2016q3xex102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2016 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s2102886ABA5E7627BFB92C01148E8E5C"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.2</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Restricted Stock Unit Agreement</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">FOURTH AMENDED AND RESTATED REVLON, INC. STOCK PLAN</font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This RESTRICTED STOCK UNIT AGREEMENT (this &#8220;Agreement&#8221;) is entered into between REVLON, INC., a Delaware corporation (&#8220;Revlon&#8221; and, together with Revlon&#8217;s affiliates, the &#8220;Company&#8221;), and E. Scott Beattie, a non-employee director of Revlon (the &#8220;Grantee&#8221;) on November 3, 2016 (the &#8220;Grant Date&#8221;), subject to the Grantee&#8217;s acceptance of this Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Revlon&#8217;s Compensation Committee (the &#8220;Committee&#8221;) has determined that the objectives of the Fourth Amended and Restated Revlon, Inc. Stock Plan, as amended (the &#8220;Plan&#8221;), will be furthered by granting to the Grantee Restricted Stock Units, subject to certain restrictions, upon the terms and conditions hereinafter contained (&#8220;RSUs&#8221; or the &#8220;Restricted Stock Unit Award&#8221;). Each RSU represents the right to receive one share of Revlon, Inc. Class A common stock (&#8220;Common Stock&#8221;), subject to the terms and conditions of the Plan and this Restricted Stock Unit Agreement (this &#8220;Agreement&#8221;).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">In consideration of the foregoing and of the mutual undertakings set forth in this Agreement, the Company and the Grantee agree as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">SECTION 1</font><font style="font-family:inherit;font-size:11pt;">. </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Notice of Grant; Grant of RSUs</font><font style="font-family:inherit;font-size:11pt;">. Subject to Section 9 of this Agreement, the Company hereby grants to the Grantee the number of RSUs designated in the notice of grant from the Company which accompanies this Agreement as </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Schedule 2</font><font style="font-family:inherit;font-size:11pt;">&#32;hereto, or the online award summary referred to therein (the &#8220;Notice of Grant&#8221;). However, the Grantee shall have no right to the delivery of any shares of Common Stock subject to the RSUs except to the extent such RSUs have vested. Prior to the actual delivery of shares of Common Stock pursuant to Section 2 hereof, the RSUs will represent an unsecured obligation of the Company. The Grantee shall not be required to make any payment for the RSUs.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">SECTION 2</font><font style="font-family:inherit;font-size:11pt;">. </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Restrictions</font><font style="font-family:inherit;font-size:11pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">(a) </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Vesting of RSUs</font><font style="font-family:inherit;font-size:11pt;">. For so long as the Restricted Stock Unit Award shall not be canceled pursuant to the terms of the Plan or this Agreement (or the consulting and transition agreement entered into between the Company and the Grantee on November 2, 2016 (the &#8220;Transition Agreement&#8221;)), one-third of the RSUs shall vest on each of the first three anniversaries of the Grant Date (the &#822