PERFORMANCE SHARE AND RESTRICTED SHARE AWARD AGREEMENTPerformance Share and Restricted Share Award Agreement • March 24th, 2011 • Wet Seal Inc • Retail-women's clothing stores • California
THIS PERFORMANCE SHARE AND RESTRICTED SHARE AWARD AGREEMENT (this “Agreement”), made as of [ ], 2011 (the “Grant Date”), by and between The Wet Seal, Inc. (the “Company”) and Ken Seipel (“Participant”), evidences the granting by the Company of stock awards of Performance Shares (as defined below) and Restricted Shares (as defined below) to Participant and Participant’s acceptance of the Performance Shares and the Restricted Shares. All capitalized terms not defined herein shall have the meaning ascribed to them in The Wet Seal, Inc. Amended and Restated 2005 Stock Incentive Plan, as amended and/or restated from time to time (the “Plan”).
