Pottery Barn 2014 Annual Report Download - page 167

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EXHIBIT A
WILLIAMS-SONOMA, INC.
2001 LONG-TERM INCENTIVE PLAN
amending and restating the 2001 Long-Term Incentive Plan
SECTION 1.
PURPOSES AND DEFINITIONS
(a) Purposes. The purposes of the Plan are (i) to attract, retain and incent talented personnel with respect to
positions of substantial responsibility at the Company and any Subsidiary; and (ii) to enable the officers, key
employees and Non-employee Directors, upon whose judgment, initiative and efforts the Company largely
depends for the successful conduct of its business, to acquire a proprietary interest in the Company.
(b) Effect of Amendment and Restatement. With respect to Awards made prior to the 2006 Effective Date,
the 2010 Effective Date, the 2011 Effective Date or the 2015 Effective Date, as applicable, amendments to the
Plan (including any amendments and restatements of the Plan) made after the grant of the Award only apply to
the extent that they (i) do not impair the rights of a Participant, unless otherwise agreed in writing by any such
Participant and the Company, and (ii) do not enlarge the rights of an optionee to the extent such enlargement
would disqualify an outstanding Incentive Stock Option or give rise to a compensation expense for financial
accounting purposes.
(c) Definitions. The following terms are defined as set forth below:
“2006 Effective Date” means the date of the Company’s 2006 annual stockholders meeting.
“2010 Effective Date” means the date of the Company’s 2010 annual stockholders meeting.
“2011 Effective Date” means the date of the Company’s 2011 annual stockholders meeting.
“2015 Effective Date” means the date of the Company’s 2015 annual stockholders meeting.
“Administrator” means the Committee described in Section 2.
“Applicable Laws” means all applicable U.S. state corporate laws, U.S. federal and state securities laws, the
Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable
laws of any foreign country or jurisdiction where Awards are granted under the Plan.
“Award” or “Awards,” except where referring to a particular category of grant under the Plan, shall include
Incentive Stock Options, Non-Qualified Stock Options, Restricted Stock, Restricted Stock Units, Stock
Appreciation Rights, Dividend Equivalents and Deferred Stock Awards.
“Award Agreement” means a written or electronic agreement between the Company and the recipient of an
Award specifying the terms and conditions of the Award. Each Award Agreement is subject to the terms and
conditions of this Plan.
“Awarded Stock” means the Common Stock subject to an Award.
“Board” means the Board of Directors of the Company.
“Code” means the Internal Revenue Code of 1986, as amended, and any successor tax code, along with
related rules and regulations.
A-1