SEC Contract Filing

Filing Date: 2016-02-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>3
<FILENAME>exhibit1024-formofperforma.htm
<DESCRIPTION>FORM OF PERFORMANCE RSUS- EMPLOYEES
<TEXT>
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<a name="s014b4d20783b48f5a88d847f896936c2"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;text-indent:576px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.24</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[Form of Agreement - Performance Based Vesting]</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TUMI HOLDINGS, INC.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012 LONG-TERM INCENTIVE PLAN</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RESTRICTED STOCK UNIT AWARD GRANT NOTICE </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tumi Holdings, Inc. (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:10pt;">"), pursuant to its 2012 Long-Term Incentive Plan (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Plan</font><font style="font-family:inherit;font-size:10pt;">"), hereby grants to the individual listed below (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Participant</font><font style="font-family:inherit;font-size:10pt;">"), an Award of restricted stock units ("</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Restricted Stock Units</font><font style="font-family:inherit;font-size:10pt;">" or "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">RSUs</font><font style="font-family:inherit;font-size:10pt;">"). Each </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">vested</font><font style="font-family:inherit;font-size:10pt;">&#32;Restricted Stock Unit represents the right to receive, in accordance with the Restricted Stock Unit Award Agreement attached hereto as Exhibit A (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:10pt;">"), one share of the common stock of the Company ("</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Share</font><font style="font-family:inherit;font-size:10pt;">"). This Award of Restricted Stock Units is subject to all of the terms and conditions set forth herein and in the Agreement and the Plan, which are incorporated herein by reference.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted Stock Unit Award Grant Notice (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Notice</font><font style="font-family:inherit;font-size:10pt;">") and the Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Participant: &#160;&#160;&#160;&#160;[&#8226;] </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Grant Date: &#160;&#160;&#160;&#160;[&#8226;] </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Number of RSUs Subject to Grant (Maximum): &#160;&#160;&#160;&#160;[&#8226;] </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Target Number of RSUs: &#160;&#160;&#160;&#160;[&#8226;] </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Performance Period:&#160;&#160;&#160;&#160;[&#8226;] </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vesting Date: [&#8226;]</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vesting Schedule: [&#8226;]&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Termination: &#160;&#160;&#160;&#160;Except to the extent paid in accordance with the above vesting schedule, the Total Number of RSUs Subject to Grant shall terminate, become forfeited or expire without settlement in accordance with the terms of the Agreement.</font></div