First Amendment to Pier 1 Imports, Inc. 1999 Stock Plan (Restated as Amended December 31, 2004)

Summary

This amendment updates the Pier 1 Imports, Inc. 1999 Stock Plan, specifically changing how deferred stock accounts for non-employee directors are paid out. Now, when a non-employee director leaves the company, their deferred stock account will be paid within 30 days, with each deferred stock unit exchanged for shares of common stock. All other terms of the plan remain in effect. The amendment is effective as of June 28, 2007.

EX-10.2 3 d50403exv10w2.htm FIRST AMENDMENT TO 1999 STOCK PLAN, AS AMENDED AND RESTATED exv10w2

Exhibit 10.2

FIRST AMENDMENT TO
PIER 1 IMPORTS, INC.
1999 STOCK PLAN
(Restated as Amended December 31, 2004)

WHEREAS, Pier 1 Imports, Inc. has heretofore adopted the Pier 1 Imports, Inc. 1999 Stock Plan (the “Plan”) Restated as Amended December 31, 2004;

NOW, THEREFORE, the Plan is amended as follows:

1. Subsection 8(f) of the Plan is deleted in its entirety and replaced with the following:

“(f) Payment. The balance of each Non-Employee Director’s Deferred Stock Account shall be paid to such director within thirty (30) days after such director terminates his position as a Non-Employee Director. Each Deferred Stock Unit shall be exchanged for shares of Common Stock.”

2. As amended hereby, the Plan is specifically ratified and reaffirmed.

IN WITNESS WHEREOF, the party hereto has caused this First Amendment to be executed effective as of June 28, 2007.


	PIER 1 IMPORTS, INC.
	By:
		Gregory S. Humenesky