Exhibit 10.2.4
BOOT BARN HOLDINGS, INC.
2020 EQUITY INCENTIVE PLAN
Market-based Stock Option Agreement
This Agreement dated as of May 12, 2022 between Boot Barn Holdings, Inc., a corporation organized under the laws of the State of Delaware (the “Company”), and the individual identified in Section 1 below (the “Optionee”).
1.Grant of Option. Pursuant and subject to the
Company’s
2020 Equity Incentive Plan (as the same may be amended from time to time, the “
Plan”), the Company
grants to the Optionee an option (the “
Option”) to purchase from the Company
all or any part of a total of the number of shares identified in the table below (the “
Optioned Shares”) of the common stock, par value $.0001 per share, in the Company (the “
Stock”), at the exercise price per share set out in the table below.
Optionee:James Conroy
Number of Shares: 86,189
Exercise Price Per Share:$86.96
Grant Date:May 12 , 2022
Expiration Date:The day prior to the 10th anniversary of the Grant
Date
2.Character of Option. This Option is not intended to be treated as an “incentive
stock
option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.
3.Expiration of Option. This Option
shall expire at 5:00 p.m. Pacific time on the
Expiration Date or, if earlier, the earliest of the dates specified in whichever of the following applies:
(a)If the termination of the Optionee’s employment or other association with the Company and its
Affiliates is on account of the Optionee’s death or
Disability (as defined below), the first anniversary of the date the Optionee’s employment or other association ends.
(b)If the termination of the Optionee’s employment or other association with the Company and its
Affiliates is due to any reason other than death,
Disability or termination for
Cause (as defined below), 30 days after the Optionee’s employment or other association ends.
(c)If the Company or relevant
Affiliate terminates the Optionee’s employment or other association with the Company and its
Affiliates for Cause, or at the time of termination of the Optionee’s employment or other association, the Company or relevant