Oxford Industries, Inc.
RESTRICTED STOCK award agreement
This Restricted Stock Award Agreement (this “Agreement”) is entered into as of June __, 2020 (the “Effective Date”), by and between <<Name>> (“Participant”) and Oxford Industries, Inc., a Georgia corporation (the “Company”), pursuant to the Oxford Industries, Inc. Amended and Restated Long-Term Stock Incentive Plan (the “LTIP”). All capitalized terms have the meanings set forth in the LTIP unless otherwise specifically provided herein.
WHEREAS, Participant is presently employed by the Company or a Subsidiary; and
WHEREAS, the Nominating, Compensation & Governance Committee (the “Committee”) of the Board of Directors of the Company has determined that it is appropriate and in the best interests of the Company and its shareholders to incent certain selected employees of the Company and/or its Subsidiaries, including Participant, to remain as employees of the Company and/or its Subsidiaries and to further align the interests of the shareholders of the Company and its key employees, such as Participant, by providing these employees with a proprietary interest in the long-term growth and financial success of Oxford; and
WHEREAS, the Committee has granted to Participant Restricted Shares pursuant to Article 7 of the LTIP and subject to the terms and conditions of this Agreement; and
WHEREAS, subject to the terms and conditions of the LTIP, this Agreement sets forth the terms and conditions of such grant of Restricted Shares from the Company to Participant.
NOW THEREFORE, in consideration of the foregoing, and of the mutual covenants and agreements of the parties set forth in this Agreement, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
|1.||Award of Restricted Stock|
Pursuant to the LTIP, effective on June __, 2020 (the “Grant Date”), the Company has granted to Participant <<NUMBER>> Restricted Shares, subject to the terms and conditions of this Agreement. The Company shall cause to be issued to Participant such Restricted Shares in Participant’s name, subject to the vesting and forfeiture conditions of this Agreement.
(a)Vesting Date. The “Vesting Date” for Restricted Shares earned pursuant to this Agreement shall be July 28, 2023, provided, that, if Participant incurs a Change of Control Termination prior to July 28, 2023, the Vesting Date pursuant to this Agreement shall be the date of Participant’s Change of Control Termination.
(b)Definitions. The following definitions apply for purposes of this Agreement: