Second Amendment to Chico’s FAS, Inc. 2012 Omnibus Stock and Incentive Plan (Clawback Provision)
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Summary
This amendment adds a clawback provision to the Chico’s FAS, Inc. 2012 Omnibus Stock and Incentive Plan, effective April 6, 2017. It states that all awards under the plan, whether vested or unvested, may be subject to recovery or forfeiture as required by law, stock exchange rules, or company policy. This means recipients may have to repay or forfeit awards or related benefits if certain conditions are met.
EX-10.2 3 ex102amendmentno2to2012omn.htm EXHIBIT 10.2 Exhibit
Exhibit 10.2
Second Amendment
of
Chico’s FAS, Inc.
2012 Omnibus Stock and Incentive Plan
The following Section 8.21 is hereby added to the Chico’s FAS, Inc. 2012 Omnibus Stock and Incentive Plan, effective April 6, 2017:
8.21 Clawback Provision. Each Award (whether vested or unvested) shall be subject to such recovery or clawback as may be required pursuant to any applicable federal or other law or regulation, any applicable listing standard of any national securities exchange or system on which the Common Stock is then listed or reported or the terms of the Company’s recoupment, clawback or similar policy as may be adopted from time to time by the Board or the Committee, which could in certain circumstances require repayment or forfeiture of Awards or any shares of Common Stock or other cash or property received with respect to the Awards (including any value received from a disposition of the shares of Common Stock acquired upon payment of the Awards).
