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This excerpt taken from the SKX DEF 14A filed Apr 30, 2007. RESTRICTED
STOCK AWARDS
6.1 Grant of Restricted Stock. The
Committee is authorized to make Awards of Restricted Stock to
any Eligible Individual selected by the Committee in such
amounts and subject to such terms and conditions as determined
by the Committee. All Awards of Restricted Stock shall be
evidenced by an Award Agreement.
6.2 Issuance and
Restrictions. Restricted Stock shall be subject
to such restrictions on transferability and other restrictions
as the Committee may impose (including, without limitation,
limitations on the right to vote Restricted Stock or the right
to receive dividends on the Restricted Stock). These
restrictions may lapse separately or in combination at such
times, pursuant to such circumstances, in such installments, or
otherwise, as the Committee determines at the time of the grant
of the Award or thereafter.
6.3 Forfeiture. Except as otherwise
determined by the Committee at the time of the grant of the
Award or thereafter, upon termination of employment or service
during the applicable restriction period, Restricted Stock that
is at that time subject to restrictions shall be forfeited;
provided, however, that the Committee may
(a) provide in any Restricted Stock Award Agreement that
restrictions or forfeiture conditions relating to Restricted
Stock will lapse in whole or in part in the event of
terminations resulting from specified causes, and
(b) provide in other cases for the lapse in whole or in
part of restrictions or forfeiture conditions relating to
Restricted Stock.
6.4 Certificates for Restricted
Stock. Restricted Stock granted pursuant to the
Plan may be evidenced in such manner as the Committee shall
determine. If certificates representing shares of Restricted
Stock are registered in the name of the Participant,
certificates must bear an appropriate legend referring to the
terms, conditions, and restrictions applicable to such
Restricted Stock, and the Company may, at its discretion, retain
physical possession of the certificate until such time as all
applicable restrictions lapse.
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