Coach 2015 Annual Report Download - page 163

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EXHIBIT 10.24
Amended and Restated Coach, Inc. 2010 Stock Incentive Plan
Stock Option Grant Notice and Agreement
For Outside Directors
NAME
Coach, Inc. (the “Company”) is pleased to confirm that you have been granted a stock option (an “Option”), effective as of
GRANT DATE (the “Grant Date”), as provided in this agreement (the “Agreement”).
1. Option Right. Your Option is to purchase, on the terms and conditions set forth below, the following number of shares
(the “Option Shares”) of the Company’s Common Stock, par value $.01 per share (the “Common Stock”) at the exercise price
specified below (the “Exercise Price”).
Number of Option Shares Grant Price Per Option Share
Shares Granted # of Options Grant Price
2. Option. This Option is a non-qualified stock option that is intended to conform in all respects with the Amended and
Restated Coach, Inc. 2010 Stock Incentive Plan (the “Plan”), a copy of which will be supplied to you upon your request, and the
provisions of which are incorporated herein by reference. This Option is not intended to qualify as an incentive stock option within the
meaning of Section 422 of the Code.
3. Expiration Date. This Option expires on the tenth (10th) anniversary of the Grant Date (the “Expiration Date”).
4. Vesting. This Option may be exercised (subject to the restrictions contained in this Agreement) only to the extent it has
vested, which shall be the earlier of the date of the Company’s next regular annual meeting of shareholders or twelve months after the
grant date (the “Vesting Date”); provided, that, subject the following sentence, you remain in continuous service as a Director of the
Company during the period beginning on the Grant Date and ending on the Vesting Date. If you cease active service with the
Company’s Board of Directors prior to the Vesting Date because of your death or Permanent and Total Disability (as defined below),
this Award will continue to vest in accordance with the schedule set forth in this paragraph. For purposes of the foregoing,
“Permanent and Total Disability” means that you are unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for
a continuous period of not less than twelve months.
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