Nordstrom, Inc. Restricted Stock Unit Award Agreement under 2010 Equity Incentive Plan
This agreement is between Nordstrom, Inc. and an employee who is granted restricted stock units (RSUs) under the company's 2010 Equity Incentive Plan. The RSUs will vest and convert into shares of Nordstrom common stock according to a set schedule, provided the employee remains employed. Special rules apply if the employee dies, becomes disabled, or meets certain retirement criteria. The RSUs cannot be transferred except in limited circumstances, and may be forfeited if the employee violates company policies or engages in competitive activities. The agreement also covers adjustments for stock splits and similar events.
Exhibit 10.2
AN AWARD (Award) OF RESTRICTED STOCK UNITS (Units), representing a number of shares of Nordstrom Common Stock (Common Stock) as noted in the 2015 Notice of Award of Restricted Stock Units (the Notice), of Nordstrom, Inc., a Washington Corporation (the Company), is hereby granted to the Recipient (Unit holder) on the date set forth in the Notice, subject to the terms and conditions of this Agreement. The Units are also subject to the terms, definitions and provisions of the Nordstrom, Inc. 2010 Equity Incentive Plan (the Plan), adopted by the Board of Directors of the Company (the Board) and approved by the Companys shareholders, which is incorporated in this Agreement. To the extent inconsistent with this Agreement, the terms of the Plan shall govern. Terms not defined herein shall have the meanings as set forth in the Plan. The Compensation Committee of the Board (the Compensation Committee) has the discretionary authority to construe and interpret the Plan and this Agreement. All decisions of the Compensation Committee upon any question arising under the Plan or under this Agreement shall be final and binding on all parties. The Units are subject to the following terms and conditions:
Page 1 of 3
Page 2 of 3
Page 3 of 3