Exhibit 10.10
Burlington Stores, Inc.
2022 Omnibus Incentive Plan
Performance-Based Restricted Stock Unit Award Notice
[Name of Holder]
You have been awarded a performance-based restricted stock unit award with respect to shares of common stock of Burlington Stores, Inc., a Delaware corporation (the “Company”), pursuant to the terms and conditions of the Burlington Stores, Inc. 2022 Omnibus Incentive Plan (the “Plan”) and the Performance-Based Restricted Stock Unit Award Agreement (together with this Award Notice, the “Agreement”). The Performance-Based Restricted Stock Unit Award Agreement is attached hereto. Capitalized terms not defined herein shall have the meanings specified in the Plan or the Agreement.
Target Performance-Based Restricted Stock Units: |
| You have been awarded a performance-based restricted stock unit award with respect to [_______]shares (at target) of Common Stock, par value $0.0001 per share (“Common Stock”), subject to adjustment as provided in the Plan. |
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Grant Date: |
| [__________________________,____] |
Vesting Schedule: |
| Except as otherwise provided in the Plan, the Agreement or any other agreement between the Company or any of its Subsidiaries and Holder, the Award shall vest based on the achievement of the performance goals set forth in this Award Notice over the [_____________] (the “Performance Period”), provided Holder remains continuously employed by the Company or its Subsidiaries through the date on which the Award is settled (the “Vesting Date”), which shall be no later than 60 days following the conclusion of the Performance Period. Attainment of the performance goals shall be determined and certified by the Committee in writing prior to the settlement of the Award. |
Performance Conditions: |
| [_______________________________] |
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BURLINGTON STORES, INC.
By: _____________________________
Name:
Title:
Acknowledgment Acceptance and Agreement:
By accepting this grant on the Company’s stock plan administrator’s website, I hereby accept the performance-based restricted stock units granted to me and acknowledge and agree to be bound by the terms and conditions of this Award Notice, the Agreement and the Plan.
______________________________
Holder Name
______________________________ Date __________________________
Signature
Burlington Stores, Inc.
2022 Omnibus Incentive Plan
Performance-Based Restricted Stock Unit Award Agreement
Burlington Stores, Inc., a Delaware corporation (the “Company”), hereby grants to the individual (the “Holder”) named in the award notice attached hereto (the “Award Notice”) as of the date set forth in the Award Notice (the “Grant Date”), pursuant to the provisions of the Burlington Stores, Inc. 2022 Omnibus Incentive Plan (the “Plan”), a performance-based restricted stock unit award (the “Award”) with respect to the number of shares of the Company’s Common Stock, par value $0.0001 per share (“Common Stock”), set forth in the Award Notice, upon and subject to the restrictions, terms and conditions set forth in the Award Notice, the Plan and this agreement (the “Agreement”). Capitalized terms not defined herein shall have the meanings specified in the Plan.
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