Pier 1 Imports 2011 Long-Term Equity Incentive Awards for Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the long-term equity incentive awards granted to three executive officers of Pier 1 Imports, Inc. for fiscal year 2011. The awards consist of restricted stock with both performance-based and time-based vesting, granted under the company's 2006 Stock Incentive Plan. The grants were made effective April 9, 2010, and specify the number of shares awarded to each executive. The agreement sets forth the terms for how and when the executives may receive these shares, depending on performance and continued employment.

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EX-10.1 2 a6248339ex10_1.htm EXHIBIT 10.1

Exhibit 10.1

Named Executive Officers Long-Term Equity Incentive Fiscal Year 2011 Awards

Restricted Stock*   Restricted Stock*

Executive Officer

(Performance-Based Vesting) (#)

(Time-Based Vesting) (#)

 
Charles H. Turner
Executive Vice President,
Chief Financial Officer 24,000 42,000
 
 
Gregory S. Humenesky
Executive Vice President,
Human Resources 12,500 12,500
 
 
Sharon M. Leite
Executive Vice President,
Stores 15,500 15,500

*All equity awards were granted under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, Restated as Amended through March 25, 2008.  The grants were effective April 9, 2010.