JCPenney 2012 Annual Report Download - page 98

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Recoupment
As provided in Section 12.19 of the Plan this Award is subject to a compensation recoupment policy adopted by the Board or the
Committee prior to or after the effective date of the Plan, and as such policy may be amended from time to time after its adoption.
This restricted stock unit grant does not constitute an employment contract. It does not guarantee employment for the length of
the vesting period or for any portion thereof.