Coach 2015 Annual Report Download - page 128

(j) the value of the Shares acquired upon vesting/settlement of the RSUs may increase or decrease in value;
(k) no claim or entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from the
termination of your employment or continuous service (for any reason whatsoever, whether or not later found to be invalid or in
breach of applicable labor laws
or the terms of your employment or service agreement, if any), and in consideration of the grant of the RSUs to which you are
otherwise not entitled, you irrevocably agree never to institute any claim against the Company , the Employer or any other Affiliate,
waive your ability, if any, to bring any such claim, and release the Company, the Employer and its other Affiliates from any such
claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the
Plan, you shall be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents
necessary to request dismissal or withdrawal of such claim;
(l) except as may be determined by the Administrator pursuant to the authority delegated to him under the Plan and as
otherwise provided in Sections 4 and 5, above, in the event of the termination of your employment or continuous service (whether
or not later found to be invalid or in breach of applicable labor laws or the terms of your employment or service agreement, if any),
your right to vest in RSUs under the Plan will terminate effective as of the date you are no longer actively employed and will not be
extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or
similar period pursuant to local law); furthermore, in the event of termination of employment (whether or not later found to be invalid
or in breach of applicable labor laws or the terms of your employment or service agreement, if any), and the Administrator shall
have the exclusive discretion to determine when you are no longer actively employed for purposes of your RSUs;
(m) the RSU and the benefits under the Plan , if any, will not automatically transfer to another company in the case of a
merger, take-over or transfer of liability;
(n) neither the Company, the Employer nor any other Affiliate shall be liable for any foreign exchange rate fluctuation
between your local currency and the United States Dollar that may affect the value of the RSUs or of any amounts due to you
pursuant to the settlement of the RSUs or the subsequent sale of any Shares acquired upon vesting/settlement;
(o) the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations
regarding your participation in the Plan or your acquisition or sale of the underlying Shares; and
(p) You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation
in the Plan before taking any action related to the Plan.
12. .
(a) Regardless of any action the Company or your actual employer takes with respect to any or all income tax, social
insurance, payroll tax, payment on account or other tax-related withholding (the “”), you acknowledge that the
ultimate liability for all Tax Related
Page 6 of 21