Performance-Based Restricted Stock Unit - Award Notification containing the standard terms of performance-based restricted stock unit awards under the Amended and Restated 2010 Long-Term Stock Incentive Plan

EX-10.2 3 rl-20170930x10qex102.htm EXHIBIT 10.2 Exhibit

EXHIBIT 10.2

[NAME] - Equity Award Notification

[DATE] Performance-Based Restricted Stock Unit (PRSU) Award

Target Grant Value: $[_____]

Number of Shares: Based on [DATE]



Award Type	Number of Shares
PRSUs	[_____]

Note: The terms of the [DATE] Annual Equity Award are in accordance with the terms and conditions of the Ralph Lauren Corporation 2010 Long-Term Incentive Plan as well as with the terms and conditions of executive’s employment agreement date [DATE]. These awards are contingent upon signing the PRSU Equity Agreement which will be presented for execution on [DATE].

Information concerning goals is strictly confidential

PRSUs:


•	Vest over three-year period in one-third increments beginning FY19 if the FY18 performance goal (Operating Margin of [__]%) is achieved and certified by the Compensation and Organizational Development Committee, and employment is continuous through each vesting date (unless otherwise provided for in the employment agreement).