Nordstrom, Inc. 2002 Nonemployee Director Restricted Stock Award Agreement

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement is between Nordstrom, Inc. and a nonemployee director who is being granted restricted shares of the company's common stock. The recipient does not need to pay for the shares, but cannot sell or transfer them for six months after the grant date. The shares are also subject to company policies and legal restrictions on resale while the recipient serves as a director. The agreement is governed by Washington state law and incorporates the terms of the 2002 Nonemployee Director Stock Incentive Plan.

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EX-10.1 2 v36114exv10w1.htm EXHIBIT 10.1 exv10w1  

Exhibit 10.1
NORDSTROM, INC.
2002 NONEMPLOYEE DIRECTOR STOCK INCENTIVE PLAN
NOTICE OF RESTRICTED STOCK AWARD
You have been awarded restricted shares of Common Stock of Nordstrom, Inc. (the “Company”) on the following terms:
     
Name of Recipient:
    
 
    
Total Number of Shares Awarded:
    
 
    
Fair Market Value per Share:
    
 
    
Total Fair Market Value of Award:
    
 
    
Date of Award:
    
 
    
Form of Grant:
    
 
    
Restriction:
 
The shares granted may not be sold or transferred for a period of six months following the Date of Grant.
By your signature and the signature of the Company’s representative below, you and the Company agree that these shares are granted under and governed by the terms and conditions of the Restricted Stock Agreement, a copy of which is attached to and made a part of this document, and the 2002 Nonemployee Director Stock Incentive Plan, a copy of which is attached.
             
RECIPIENT:
      NORDSTROM, INC.    
 
            
 
  By:        
 
           

 

 

NORDSTROM, INC.
2002 NONEMPLOYEE DIRECTOR STOCK INCENTIVE PLAN
RESTRICTED STOCK AGREEMENT
     
Payment for Shares
  No payment is required for the shares you receive.
 
    
Restriction
 
The shares granted may not be sold or transferred for a period of six months following the Date of Grant.
 
    
Restrictions on Resale
 
By signing this Agreement, you agree not to sell any shares at a time when applicable laws or Company policies prohibit a sale. This restriction will apply as long as you are a director of the Company.
 
    
Applicable Law
 
This Agreement will be interpreted and enforced under the laws of the State of Washington (without regard to their choice-of-law provisions).
 
    
The Plan and
Other Agreements
 
The text of the 2002 Nonemployee Director Stock Incentive Plan (“Plan”) is incorporated in this Agreement by reference.
 
    
 
 
This Agreement, the attached Notice and the Plan constitute the entire understanding between you and the Company regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement, signed by both parties.
By signing the attached notice,
you agree to all of the terms and conditions
described above and in the Plan.