American Eagle Outfitters 2011 Annual Report Download - page 84

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Exhibit 10.26
Notice of Long Term Incentive
Grant of Restricted
Stock Units and Long Term Incentive
Restricted Stock Units Award Agreement
American Eagle Outfitters, Inc.
77 Hot Metal Street
Pittsburgh, PA 15203
Participant Id Plan: 2005A
Participant Name Product ID:
Effective <insert grant date> (the "Grant Date"), you have been granted an award of <insert units granted> units of restricted stock (the "RSU's") under the
American Eagle Outfitters, Inc. 2005 Stock Award and Incentive Plan, as amended and restated June 16, 2009 (the "Plan"). Each RSU represents the right to
receive one share of American Eagle Outfitters, Inc. (the "Company") Common Stock, $0.01 par value per share, at a future point in time. This award is
subject to the terms and conditions contained in this Notice and Agreement, as well as the terms and conditions of the Plan.
The RSU's shall remain restricted subject to the risk of being forfeited unless a percentage determined based on the performance goals for the performance
period of service is earned (the "RSU Target Percentage"). For purposes of determining the vesting of the RSU's each of the "Single-Year Performance
Periods" is the Company's fiscal years ending <insert fiscal year end> ("Fiscal 20XX"), <insert fiscal year end> ("Fiscal 20XX") and <insert fiscal year end>
("Fiscal 20XX") and the "Cumulative Performance Period" is the Company's three consecutive fiscal year periods ending <insert fiscal year end> ("Fiscal
20XX Cumulative") Performance goals for the respective performance periods shall be based on the Company's <insert performance metric>. The
performance goal for Fiscal 20XX is set at one level of Fiscal 20XX <insert performance metric>: the "Fiscal 20XX Target" level at <insert performance
metric>. The performance goal for Fiscal 20XX is set at one level of Fiscal 20XX <insert performance metric>: the "Fiscal 20XX Target" level at <insert
performance goal>. The performance goal for Fiscal 20XX is set at one level of Fiscal 20XX <insert performance metric>: the "Fiscal 20XX Target" level at
<insert performance goal>. The cumulative performance goal for Fiscal 20XX is set at three levels of Fiscal 20XX Cumulative <insert performance metric>:
the "Fiscal 20XX Cumulative Threshold" level at <insert performance goal>; the "Fiscal 20XX Cumulative Target" level at <insert performance goal>; and
the "Fiscal 20XX Cumulative Outstanding" level at <insert performance goal>.
The RSU Target Percentage shall be determined based on the Fiscal 20XX <insert performance metric>, Fiscal 20XX <insert performance metric>, Fiscal
20XX <insert performance metric> and Fiscal 20XX Cumulative <insert performance metric> as follows:
• If Fiscal 20XX Cumulative <insert performance metric> equals the Fiscal 20XX Cumulative Threshold level, then the RSU Target Percentage
shall be 50%; if the Fiscal 20XX Cumulative <insert performance metric> is between the Fiscal 20XX Cumulative Threshold level and the Fiscal
20XX Cumulative Target level, then the RSU Target Percentage shall be interpolated between 50% and 100%; if the Fiscal 20XX Cumulative
<insert performance metric> equals the Fiscal 20XX Cumulative Target level, then the RSU Target Percentage shall be 100%; if the Fiscal 20XX
Cumulative <insert performance metric> is between the Fiscal 20XX Cumulative Target level and the Fiscal 20XX Cumulative Outstanding
level, then the RSU Target Percentage shall be interpolated between 100% and 150%; if the Fiscal 20XX Cumulative <insert performance
metric> is equal to or greater than the Fiscal 20XX Cumulative Outstanding level, then the RSU Target Percentage shall be 150%.
• If Fiscal 20XX Cumulative <insert performance metric> is less than the Fiscal 20XX Cumulative Threshold level but Fiscal 20XX <insert
performance metric> equals the Fiscal 20XX Target level, then 20% of the RSU's shall vest on the date of the Compensation Committee
certification in <insert fiscal year end>; and/or
• If Fiscal 20XX Cumulative <insert performance metric> is less than the Fiscal 20XX Cumulative Threshold level but Fiscal 20XX <insert
performance metric> equals the Fiscal 20XX Target level, then an additional 20% of the RSU's shall vest on the date of the Compensation
Committee certification in <insert fiscal year end>; and/or
• If the Fiscal 20XX Cumulative <insert performance metric> is less than the Fiscal 20XX Cumulative Threshold level but Fiscal 20XX <insert
performance metric> equals the Fiscal 20XX Target level, then an additional 20% of the RSU's shall vest on the date of the Compensation
Committee certification in <insert fiscal year end>.