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This excerpt taken from the BBBY 10-Q filed Jul 6, 2005. UBP”) and SBPs are determined by the
Company. If a Vesting Date occurs during
a UBP to which you are subject, (i) you will vest in the applicable shares
on the applicable Vesting Date, with the number of shares to which you become
entitled on such vesting subject to reduction by the Company, at its option, to
cover the applicable minimum statutorily required withholding obligation, but (ii) you
will be unable to sell your shares (net of any shares withheld at the Company’s
option to pay minimum required taxes) until the later of (x) the expiration of
the UBP, or (y) in the event the expiration of the UBP falls within a SBP, the
immediately following DESBP.
All vesting will occur only on the appropriate Vesting Dates, with no proportionate or partial vesting in the period prior to any such date. Except as otherwise provided in the preceding paragraph, when any Restricted Stock becomes vested, the Company (unless it determines a delay is required under applicable law or rules) will promptly issue and deliver to you a stock certificate registered in your name or will promptly recognize ownership of your shares through uncertificated book entry or another similar method, subject to applicable federal, state and local tax withholding in a manner acceptable to the Committee. You will be permitted to transfer shares of Restricted Stock following the expiration of the Restriction Period, but only to the extent permitted by applicable law.
8. Notice. Any notice or communication to the Company concerning the Restricted Stock must be in writing and delivered in person, or by U.S. mail, to the following address (or another address specified by the Company): Bed Bath & Beyond Inc., Finance Department – Stock Administration, 650 Liberty Avenue, Union, New Jersey 07083. In accordance with the Plan, you must deliver an executed copy of this Agreement to the Company.
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