Tandy Brands Accessories, Inc.—2006 Performance Unit Award AgreementPerformance Unit Award Agreement • February 14th, 2007 • Tandy Brands Accessories Inc • Apparel & other finishd prods of fabrics & similar matl • Texas
This award agreement (“Award Agreement”) sets forth the terms and conditions of the 2006 Performance Unit Program (the “Program”) which is governed by the Tandy Brands Accessories, Inc. 2002 Omnibus Plan (the “Plan”). This Award Agreement, together with the Plan, govern the rights under the Program with respect to the performance-based units (the “Performance Unit”) Awards granted under this Award Agreement, and set forth all of the conditions and limitations affecting such rights. Terms used in this Award Agreement that are defined in the Plan shall have the meanings ascribed to them in the Plan. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement. For purposes of this Award Agreement, “Tandy Brands” means the Company, its affiliates, and/or its subsidiaries.
