Performance-Based Restricted Stock Units ("PRSUs") for Three-Year Performance Cycle Fiscal Years 2021-2023 under the Mid-Term Incentive Plan
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.1 2 vfcfy2021-23prsu.htm EX-10.1 vfcfy2021-23prsu
9)&25325$7,21 $:$5'&(57,),&$7( 3HUIRUPDQFH%DVHG5HVWULFWHG6WRFN8QLWV3568VIRU 7KUHH<HDU3HUIRUPDQFH&\FOH)LVFDO<HDUVXQGHUWKH 0LG7HUP,QFHQWLYH3ODQ 7DUJHW3568V$ZDUGHGBBBBBBBBBBBBBB 7RBB3DUWLFLSDQW1DPHBBBB³3DUWLFLSDQW´ ,DPSOHDVHGWRDGYLVH\RXWKDW\RXKDYHEHHQDZDUGHGWKHRSSRUWXQLW\WRHDUQIURPWRRIWKH QXPEHURI3HUIRUPDQFH%DVHG5HVWULFWHG6WRFN8QLWVVHWIRUWKDERYHXQGHU9)&RUSRUDWLRQ¶V0LG7HUP ,QFHQWLYH3ODQIRUWKH3HUIRUPDQFH&\FOHFRPPHQFLQJRQ$XJXVWDQGHQGLQJRQWKHILQDOGD\RI 9)&RUSRUDWLRQ¶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¶VSUHVHQWDWLRQ QRU\RXUUHMHFWLRQRIWKH3URWHFWLYH&RYHQDQWV$JUHHPHQWSURYLGHGZLWKWKLV$ZDUGLQDQ\ZD\LPSDFWVWKHYDOLGLW\DQGELQGLQJ QDWXUHRIWKHPRVWUHFHQW3URWHFWLYH&RYHQDQWV$JUHHPHQW\RXDFFHSWHGDQGWRZKLFK\RXDJUHHG²RQO\\RXUDFFHSWDQFHRIDQG DJUHHPHQWWRDQHZ3URWHFWLYH&RYHQDQWV$JUHHPHQWZLOOPRGLI\\RXUH[LVWLQJREOLJDWLRQV ,I\RXKDYHSUHYLRXVO\DFFHSWHGDQGDJUHHGWRD3URWHFWLYH&RYHQDQWV$JUHHPHQWZLWK9)DQG9)LVQRWSUHVHQWLQJ\RXZLWKD QHZ3URWHFWLYH&RYHQDQWV$JUHHPHQWZLWKWKLV$ZDUG&HUWLILFDWH\RXUDFFHSWDQFHRIWKLV$ZDUGFRQVWLWXWHV\RXU DFNQRZOHGJPHQWRI\RXUREOLJDWLRQVXQGHUWKH3URWHFWLYH&RYHQDQWV$JUHHPHQWKRZHYHUQHLWKHU9)¶VSUHVHQWDWLRQQRU\RXU UHMHFWLRQRIWKLV$ZDUGLQDQ\ZD\LPSDFWVWKHYDOLGLW\DQGELQGLQJQDWXUHRIWKHPRVWUHFHQW3URWHFWLYH&RYHQDQWV$JUHHPHQW LQWRZKLFK\RXKDYHHQWHUHG²RQO\\RXUDFFHSWDQFHRIDQGDJUHHPHQWWRDQHZ3URWHFWLYH&RYHQDQWV$JUHHPHQWZLOOPRGLI\ \RXUH[LVWLQJREOLJDWLRQV 9)&25325$7,21 %\ 6WHYHQ(5HQGOH &KDLUPDQRIWKH%RDUG3UHVLGHQWDQG &KLHI([HFXWLYH2IILFHU 'DWHGBBBBBBBBBBBBBBB
9)&25325$7,21 $33(1',;72 3568V$:$5'&(57,),&$7( 7HUPVDQG&RQGLWLRQV5HODWLQJWR 3HUIRUPDQFH%DVHG5HVWULFWHG6WRFN8QLWV3568V 2SSRUWXQLW\WR(DUQ3568V 3DUWLFLSDQWKDVEHHQGHVLJQDWHGDVKDYLQJWKHRSSRUWXQLW\WRHDUQ3HUIRUPDQFH%DVHG5HVWULFWHG 6WRFN8QLWV3568VXQGHU9)&RUSRUDWLRQ¶VWKH³&RPSDQ\ V´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³'HWHUPLQDWLRQ'DWH´IRUVXFK3HUIRUPDQFH&\FOH 3DJHRI
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¶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¶V7DUJHW$ZDUGRUGHFUHDVHGE\PD[LPXPRIRIWKH3DUWLFLSDQW¶V7DUJHW $ZDUGLQWHUSRODWHGLIWKHSHUIRUPDQFHDFKLHYHGLVEHWZHHQWKHPD[LPXPDQGPLQLPXPEDVHGRQWKH&RPSDQ\¶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¶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
7KH 3568V VXEMHFW WR WKLV $ZDUG &HUWLILFDWH DUH VXEMHFW WR WKH &RPSDQ\¶V )RUIHLWXUH 3ROLF\ IRU (TXLW\DQG,QFHQWLYH$ZDUGVLQWKH(YHQWRI5HVWDWHPHQWRI)LQDQFLDO5HVXOWVDVLQHIIHFWDWWKHGDWHRIWKLV$ZDUG &HUWLILFDWH6XFK3ROLF\LPSRVHVFRQGLWLRQVWKDWPD\UHVXOWLQIRUIHLWXUHRIVXFK3568VRUWKHSURFHHGVWR\RX UHVXOWLQJ IURP VXFK 3568V D VRFDOOHG ³FODZEDFN´ LQ FHUWDLQ FLUFXPVWDQFHV LI WKH &RPSDQ\¶V ILQDQFLDO VWDWHPHQWVDUHUHTXLUHGWREHUHVWDWHGDVDUHVXOWRIPLVFRQGXFW 3DJHRI