SEC Contract Filing

Filing Date: 2025-05-22

Document Content:
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<TYPE>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>###COMPANY_LOGO### </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Award Letter
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>May&nbsp;22, 2025 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kurt Wolf
&#8195;&#8195;&#8195;Address on file with Pitney Bowes Inc. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>STOCK OPTION AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Stock Option is made in recognition of your expected future efforts and contributions to Pitney Bowes Inc., its subsidiaries and Affiliates
(&#147;Company&#148;). This Stock Option is issued under the Pitney Bowes Inc. 2024 Stock Plan (as may be amended, the &#147;Plan&#148;). To the extent any capitalized terms used in this agreement (&#147;Award Agreement&#148;) are not defined, they
shall have the meaning ascribed to them in the Plan, which is made a part of this Award Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the Plan, the Company hereby grants to you
as of the &#147;Award Date&#148; specified below, and you hereby accept from the Company, the right and option to purchase all or any part of the Shares set forth below in the column &#147;Option Shares&#148;, on the terms and conditions set forth
in this Award Agreement and in the Plan. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Your Stock Option Award </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A Stock Option represents your right to purchase one share of Pitney Bowes Inc. common stock for the option exercise price specified below, with the option
vesting and being exercisable in installments. This Stock Option consists of three tranches: Tranche A, Tranche B, and Tranche C (each, an &#147;Option Tranche&#148;). The Award Date, number of Option Shares, Option Exercise Price and Expiration
Date for each Option Tranche are specified below. Each Option Tranche will vest and become exercisable in three approximately equal installments on each of the first, second, and third anniversaries of the Award Date (May&nbsp;22, 2026, May&nbsp;22,
2027 and May&nbsp;22, 2028). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Tranche</B></P></TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Award&nbsp;Date</B></TD>
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<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option&nbsp;Shares</B></TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option&nbsp;Exercise<BR>Price</B></TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Expiration&nbsp;Date</B></TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tranche A</P></TD>
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<TD NOWRAP VALIGN="bottom" ALIGN="right">May&nbsp;22,&nbsp;2025</TD>
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<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD>
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<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12.00</TD>
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<TD NOWRAP VALIGN="bottom" ALIGN="right">May&nbsp;22,&nbsp;2030</TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tranche B</P></TD>
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<TD NOWRAP VALIGN="bottom" ALIGN="right">May&nbsp;22, 2025</TD>
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<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD>
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