SEC Contract Filing

Filing Date: 2019-06-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>jill-ex102_224.htm
<DESCRIPTION>EX-10.2
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jill-ex102_224.htm
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:right;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EXECUTION COPY</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">J.JILL, INC.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2017 OMNIBUS EQUITY INCENTIVE PLAN</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">RESTRICTED STOCK UNIT AWARD AGREEMENT</font></p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;), is entered into as of May 1, 2019 (the &#8220;<font style="text-decoration:underline;">Date of Grant</font>&#8221;), by and between J.Jill, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), and Mark Webb (the &#8220;<font style="text-decoration:underline;">Participant</font>&#8221;). </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, pursuant to the terms of that certain offer letter, dated as of April 12, 2019, by and between the Company and the Participant, as amended, restated or otherwise modified from time to time in accordance with its terms (the &#8220;<font style="text-decoration:underline;">Offer Letter</font>,&#8221; which term, as used herein, shall include any subsequent offer letter or employment or services agreement between the Participant and the Company or any of its Affiliates that replaces or supersedes such offer letter), the Company agreed to grant the restricted stock units (the &#8220;<font style="text-decoration:underline;">RSUs</font>&#8221;) provided for herein to the Participant on the terms and subject to the conditions set forth herein;</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Committee has determined that it is in the best interests of the Company and its stockholders to grant the RSUs; </p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the RSUs are being granted for purposes of (i) inducing the Participant to become, and to retain him as, Executive Vice President, Chief Financial Officer of the Company and (ii) aligning the Participant&#8217;s interests with those of the Company&#8217;s shareholders;</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, in furtherance of the foregoing, the grant of the RSUs provided for herein is intended to constitute an &#8220;employment inducement award&#8221; in accordance with Rule 303A.08 of the New York Stock Exchange Listed Company Manual and is offered as a material inducement to the Participant in connection with the Company&#8217;s hiring of the Participant as its Executive Vice President, Chief Financial Officer; and</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the J.Jill, Inc. 2017 Omnibus Equity Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the &#8220;<font style="text-decoration:underline;">Plan</font>&#8221;).</p>
<p style="margin-bottom:12pt;margin-top:9pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows: </p>
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