RESTRICTED STOCK UNIT AGREEMENTRestricted Stock Unit Agreement • August 27th, 2014 • Target Corp • Retail-variety stores • Minnesota
THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”) is made in Minneapolis, Minnesota as of the date of grant (the “Grant Date”) set forth in the award letter (the “Award Letter”) by and between the Company and John J. Mulligan (the “Executive”). This award (the “Award”) of Restricted Stock Units (“RSUs”), provided to you as a Service Provider, is being issued under the Target Corporation 2011 Long-Term Incentive Plan (the “Plan”), subject to the following terms and conditions. The intent of the Award is for the Executive to earn the Award for providing Service to the Company or a Subsidiary over the three years starting on the Grant Date and, except for the specific circumstances described in this Agreement, receive one third (1/3) of the Shares issuable under the RSUs after each anniversary of the Grant Date.
PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENTPerformance-Based Restricted Stock Unit Agreement • August 27th, 2014 • Target Corp • Retail-variety stores • Minnesota
THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”) is made in Minneapolis, Minnesota as of the date of grant (the “Grant Date”) set forth in the award letter (the “Award Letter”) by and between the Company and Brian C. Cornell (the “Executive”). This award (the “Award”) of Performance-Based Restricted Stock Units (“PBRSUs”), provided to you as a Service Provider, is being issued under the Target Corporation 2011 Long-Term Incentive Plan (the “Plan”), subject to the following terms and conditions. The intent of the Award is for the Executive to earn the Award, subject to minimum Company performance, for providing Service to the Company or a Subsidiary through the three full fiscal years starting after the Grant Date and, except for the specific circumstances described in this Agreement, receive the one third (1/3) of the Shares issuable under the PBRSUs after the completion of each full fiscal year of that period (each such one third of the Award to be known as a “
