| Preview
Full Doc
 | 2003 |
Employment Agreement [Amended and Restated]
Employment Agreement [Amended and Restated] (90K)
Doc #101478: Click preview link for longer preview.
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement") is entered into as of January 30, 2003 (the "Effective Date"), by and between Abercrombie & Fitch Co., a Delaware corporation (the "Company"), and Michael S. Jeffries (the "Executive") (hereinafter collectively referred to as "the parties").
W I T N E S S E T H:
WHEREAS, the Executive has been employed by the Company as the Chairman of the Board of the Company since May 1998 and as Chief Executive Officer of the Company since February 1992 and served as President of the Company from February 1992 until May 1998; and
WHEREAS, the Executive is experienced in all phases of the Company's business and possesses an intimate knowledge of the business and affairs of the Company and its policies, procedures, methods and personnel; and
WHEREAS, the Company has determined that it is essential and in its best interests to retain the services of its key management personnel and to ensure their continued dedication and efforts; and
WHEREAS, the Board of Directors of the Company (the "Board") has determined that it is in the best interest of the Company to secure the continued services and employment of the Executive for the balance of the Executive's career and the Executive is willing to render such services on the terms and conditions set forth herein; and
WHEREAS, the Board has determined that it is in the best interest of the Company to incentivize the Executive to train and develop management who will be able to conduct the business of the Company successfully following the retirement of the Executive; and
WHEREAS, the parties entered into a written Employment Agreement on May 13, 1997 (the "1997 Employment Agreement") which the parties wish to amend and restate in its entirety pursuant to Section 18 of the 1997 Employment Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual covenants and promises of the parties contained herein, the parties, intending to be legally bound, hereby agree as follows:
1. Term. The term of employment under this Agreement shall be for the period commencing on May 13, 1997 (the "Commencement Date") and ending on December 31, 2008 (the "Term"). Notwithstanding the foregoing, the Term shall end on the date on which the Executive's employment is earlier terminated by either party in accordance with the provisions of Section 9 of this Agreement.
2. Employment.
(a) Position. The Executive shall be employed by the Company as the Chairman of the Board and Chief Executive Officer of the Company. The Executive shall
101478
|
Abercrombie
As referenced in this Employment Agreement [Amended and Restated]:
ABERCROMBIE & FITCH CO –
ABERCROMBIE & FITCH CO /DE/ _____________
Abercrombie & Fitch Co. – Exhibit 10.1
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement") is
entered into as of January 30, 2003 (the "Effective Date"), by and between
Abercrombie & Fitch Co. , a Delaware corporation (the "Company"), and Michael S.
Jeffries (the "Executive") (hereinafter collectively referred to as "the
parties").
W I T N E S S E T H:
WHEREAS, _____________
Abercrombie & Fitch Co. – to its
executive officers.
4. Equity Compensation.
(a) The Executive shall be entitled to participate in the
stock-based employee benefit plans, including, without limitation, the 1998
Restatement of the Abercrombie & Fitch Co. Stock Option and Performance
Incentive Plan (the "Stock Incentive Plan") and the Abercrombie & Fitch Co. 2002
Stock Option Plan for Associates (the "2002 Stock Option Plan") maintained by
the _____________
Abercrombie & Fitch Co. – in the
stock-based employee benefit plans, including, without limitation, the 1998
Restatement of the Abercrombie & Fitch Co. Stock Option and Performance
Incentive Plan (the "Stock Incentive Plan") and the Abercrombie & Fitch Co. 2002
Stock Option Plan for Associates (the "2002 Stock Option Plan") maintained by
the Company, on such terms and conditions as may be determined from time to time
by _____________
Abercrombie & Fitch Co. – shall be on the same basis
and terms as are applicable to executive officers of the Company generally.
6. Bonus.
(a) The Executive shall be entitled to participate in the
Abercrombie & Fitch Co. Incentive Compensation Performance Plan (the "Bonus
Plan") or any successor to the Bonus Plan on such terms and conditions as may be
determined from time to time by the _____________
dt 1848486
;
National City
As referenced in this Employment Agreement [Amended and Restated]:
National City Bank, – be
deemed an "Acquiring Person" for purposes of the Rights
Agreement dated as of July 16, 1998, as amended, between the
Company and National City Bank, as successor Rights Agent (the
"Rights Agreement"); or
(ii) any of the following occur: (A) any merger or
consolidation of the Company, _____________
dt 103510
;
| Michael S. Jeffries
|
| Preview
Full Doc
 | 2000 |
Employment Agreement
Employment Agreement (28K)
Doc #112856: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March, 2000, by and between Lone Star Steakhouse & Saloon, Inc., a corporation (the "Corporation") and Randall H. Pierce ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Chief Financial Officer of the Corporation; and
WHEREAS, Employee is a principal officer of the Corporation and an integral part of its management; and
WHEREAS, the Corporation desires to engage the services of Employee, whose experience, knowledge and abilities with respect to the business and affairs of the Corporation are extremely valuable to the Corporation; and
WHEREAS, the parties hereto desire to enter into this Agreement setting forth the terms and conditions of the continued employment relationship of the Corporation and Employee.
NOW THEREFORE, it is agreed as follows:
ARTICLE I
Employee acknowledges and agrees that he is not subject to a non-compete agreement or any other contractual provision, which would prohibit him from performing his duties as Chief Financial Officer for the Corporation.
ARTICLE II
2.1 TERM OF EMPLOYMENT. The Corporation shall initially employ Employee for a period of three years from the date hereof (the "Initial Term").
2.2 EXTENSION OF INITIAL TERM. Upon each annual anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each,
112856
|
Lone Star
As referenced in this Employment Agreement:
LONE STAR STEAKHOUSE & SALOON INC –
LONE STAR STEAKHOUSE & SALOON INC _____________
Lone Star Steakhouse & Saloon, Inc. –
Exhibit-10.7
3
RANDALL H. PIERCE
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March,
2000, by and between Lone Star Steakhouse & Saloon, Inc. , a corporation (the
"Corporation") and Randall H. Pierce ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Chief Financial Officer of the
Corporation; and
WHEREAS, Employee is a principal _____________
dt 1850741
;
Lone Star
As referenced in this Employment Agreement:
Lone Star Steakhouse & Saloon, Inc. – br>
Exhibit-10.7
{SEQUENCE}3
{DESCRIPTION}RANDALL H. PIERCE
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March,
2000, by and between Lone Star Steakhouse & Saloon, Inc. , a corporation (the
"Corporation") and Randall H. Pierce ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Chief Financial Officer of the
Corporation; and
WHEREAS, Employee is a principal _____________
dt 1506099
;
|
Lone Star Steakhouse
As referenced in this Employment Agreement:
Lone Star Steakhouse & Saloon, Inc – DESCRIPTION}RANDALL H. PIERCE
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March,
2000, by and between Lone Star Steakhouse & Saloon, Inc ., a corporation (the
"Corporation") and Randall H. Pierce ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Chief Financial Officer of the
_____________
dt 506699
;
Randall H. Pierce
|
| Preview
Full Doc
 | 2000 |
Employment Agreement
Employment Agreement (29K)
Doc #112858: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March, 2000, by and between Lone Star Steakhouse & Saloon, Inc., a corporation (the "Corporation") and Robert A. Martin ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Senior Vice President - Marketing of the Corporation; and
WHEREAS, Employee is a principal officer of the Corporation and an integral part of its management; and
WHEREAS, the Corporation desires to engage the services of Employee, whose experience, knowledge and abilities with respect to the business and affairs of the Corporation are extremely valuable to the Corporation; and
WHEREAS, the parties hereto desire to enter into this Agreement setting forth the terms and conditions of the continued employment relationship of the Corporation and Employee.
NOW THEREFORE, it is agreed as follows:
ARTICLE I
Employee acknowledges and agrees that he is not subject to a non-compete agreement or any other contractual provision, which would prohibit him from performing his duties as a Senior Vice President of Marketing for the Corporation.
ARTICLE II
2.1 TERM OF EMPLOYMENT. The Corporation shall initially employ Employee for a period of two years from the date hereof (the "Initial Term"). Employee has given notice to his present employer and will commence employment on effective date of this Agreement.
112858
|
Lone Star
As referenced in this Employment Agreement:
LONE STAR STEAKHOUSE & SALOON INC –
LONE STAR STEAKHOUSE & SALOON INC _____________
Lone Star Steakhouse & Saloon, Inc. –
Exhibit-10.10
6
ROBERT A. MARTIN
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March,
2000, by and between Lone Star Steakhouse & Saloon, Inc. , a corporation (the
"Corporation") and Robert A. Martin ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Senior Vice President -
Marketing of the Corporation; and
WHEREAS, Employee is a _____________
dt 1850743
;
Lone Star
As referenced in this Employment Agreement:
Lone Star Steakhouse & Saloon, Inc. – br>
Exhibit-10.10
{SEQUENCE}6
{DESCRIPTION}ROBERT A. MARTIN
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March,
2000, by and between Lone Star Steakhouse & Saloon, Inc. , a corporation (the
"Corporation") and Robert A. Martin ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Senior Vice President -
Marketing of the Corporation; and
WHEREAS, Employee is a _____________
dt 1506100
;
|
Lone Star Steakhouse
As referenced in this Employment Agreement:
Lone Star Steakhouse & Saloon, Inc – DESCRIPTION}ROBERT A. MARTIN
EMPLOYMENT AGREEMENT
This Agreement is entered into effective as of this 22 day of March,
2000, by and between Lone Star Steakhouse & Saloon, Inc ., a corporation (the
"Corporation") and Robert A. Martin ("Employee").
RECITALS
WHEREAS, the Employee agrees to serve as Senior Vice President -
Marketing of _____________
dt 506700
;
Robert A. Martin
|
| Preview
Full Doc
 | 2002 |
Transition Agreement
Transition Agreement (11K)
Doc #154837: Click preview link for longer preview.
TRANSITION AGREEMENT This transition agreement (the Agreement) is made and entered into by and between John Lillie (Executive) and The Gap, Inc. (the Company) and is effective on November 21, 2002. RECITALS Executive is employed as Vice Chairman and serves as a Director of the Company. He and the Company have agreed that his employment with the Company and all of the Companys direct and indirect subsidiaries will terminate on November 21, 2002 (the Termination Date). This Agreement sets forth the complete understanding between Executive and the Company regarding the commitments, obligations and understandings arising out of the termination of their employment relationship. In consideration of the mutual promises and covenants contained in this Agreement, and for other good and valuable consideration, Executive and the Company agree to the following: AGREEMENT 1. Employment Termination and Transition: Executive hereby resigns his employment with the Company, including as an officer of the Company and all of the Companys direct and indirect subsidiaries, effective on the Termination Date. On and after the Termination Date, Executive will no longer have the authority to bind the Company or incur any expenses or liabilities on its behalf.
154837
|
Gap, Inc.
As referenced in this Transition Agreement:
Gap, Inc – Exhibit 10.1
TRANSITION AGREEMENT
This transition agreement (the Agreement) is made and entered into by and between John Lillie (Executive) and The Gap, Inc . (the Company) and is effective on November 21, 2002.
RECITALS
Executive is employed as Vice Chairman and serves as a Director of _____________
Gap, Inc – governed by and construed and interpreted in accordance with the laws of the State of California.
By signing below, the Executive and The Gap, Inc . voluntarily agree to the terms and conditions of this Agreement.
JOHN LILLIE
THE GAP, INC.
Name:
/s/ JOHN LILLIE
Name:
/s/ LAURI _____________
GAP, INC – California.
By signing below, the Executive and The Gap, Inc. voluntarily agree to the terms and conditions of this Agreement.
JOHN LILLIE
THE GAP, INC .
Name:
/s/ JOHN LILLIE
Name:
/s/ LAURI M. SHANAHAN
Date:
November 21, 2002
Title:
Senior Vice President and General Counsel
Date:
November _____________
dt 506739
;
| John Lillie
|
| Preview
Full Doc
 | 2003 |
Change of Control Agreement [Amended and Restated]
Change of Control Agreement [Amended and Restated] (60K)
Doc #165178: Click preview link for longer preview.
CHANGE OF CONTROL AGREEMENT
This AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT (this "Agreement"), is restated as of the 1st day of October, 2003, (the "Restatement Effective Date") by and between Payless ShoeSource, Inc., a Delaware corporation (the "Company"), and Steven J. Douglass (the "Executive").
WHEREAS, the Board of Directors of the Company (the "Board"), has determined that it is in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein). The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive's full attention and dedication to the current Company and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control that ensure that the compensation and benefits expectations of the Executive will be satisfied and that are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
SECTION 1. CERTAIN DEFINITIONS. (a) "Effective Date" means the first date on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive's employment with the Company is terminated without Cause or for Good Reason within one year prior to the date on which the Change of Control occurs then "Effective Date" means the date immediately prior to the date of such termination of employment unless such termination did not occur at the request of a third party that has taken steps reasonably calculated to effect a Change of Control. Further, notwithstanding anything in this Agreement to the contrary, if a Potential Change of Control occurs and if the Executive's employment with the Company is terminated as provided in Section 5(e), then "Effective Date" means the date immediately prior to the date of such termination of employment.
(b) "Change of Control Period" means the period commencing on the Effective Date and ending on the third anniversary thereof.
(c) "affiliated company" means any company controlled by, controlling or under common control with the Company.
(d) "Change of Control" means:
(1) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within the
{PAGE}
meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of the Company (the "Outstanding Company Common Stock") or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the "Outstanding Company Voting Securities"); provided, however, that, for purposes of this Section 1(d), none of the following shall constitute a Change of Control: (i) any acquisition directly from the Company of 30% or less of Outstanding Company Common Stock or Outstanding Company Voting Securities provided that at least a majority of the members of the board of directors of the Company following such acquisition were members of the Incumbent Board at the time of the Board's approval of such acquisition, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any affiliated company, or (iv) any acquisition by the Company which, by reducing the number of shares of Outstanding Company Common Stock or Outstanding Company Voting Securities, increases the proportionate number of shares of Outstanding Company Common Stock or Outstanding Company Voting Securities beneficially owned by any Person to 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities; provided, however, that, if such Person shall thereafter become the beneficial owner of any additional shares of Outstanding Company Common Stock or Outstanding Company Voting Securities and beneficially owns 20% or more of either the Outstanding Company Common Stock or the Outstanding Company Voting Securities, then such additional acquisition shall constitute a Change of Control; or
(2) Individuals who, as of the date hereof, constitute the Board (the "Incumbent Board") cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or
(3) Consummation of a reorganization, merger, consolidation or sale or other disposition of all or substantially all of the assets of the Company (a "Business Combination"), in each case, unless, immediately following such Business Combination, (A) more than 50%, respectively, of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of (x) the corporation resulting from such Business Combination, or (y) a corporation that, as a result of such transaction, owns the Company or all or substantially all of the Company's assets either directly or through one or more subsidiaries, is represented by the Outstanding Company Common Stock and the Outstanding Company Voting Securities (or, if applicable, is represented by shares into which Outstanding Company Common Stock or Outstanding Company
165178
|
Payless ShoeSource, Inc.
As referenced in this Change of Control Agreement [Amended and Restated]:
Payless ShoeSource, Inc – CHANGE OF CONTROL AGREEMENT (this
"Agreement"), is restated as of the 1st day of October, 2003, (the "Restatement
Effective Date") by and between Payless ShoeSource, Inc ., a Delaware corporation
(the "Company"), and Steven J. Douglass (the "Executive").
WHEREAS, the Board of Directors of the Company (the "Board"), has
_____________
Payless ShoeSource, Inc – other party or by
registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:
If to the Executive:
Steven J. Douglass
Payless ShoeSource, Inc .
3231 SE Sixth Avenue
Topeka, Kansas 66607
If to the Company:
Payless ShoeSource, Inc.
3231 SE Sixth Avenue
Topeka, Kansas 66607
Attention: _____________
Payless ShoeSource, Inc – as follows:
If to the Executive:
Steven J. Douglass
Payless ShoeSource, Inc.
3231 SE Sixth Avenue
Topeka, Kansas 66607
If to the Company:
Payless ShoeSource, Inc .
3231 SE Sixth Avenue
Topeka, Kansas 66607
Attention: General Counsel
or to such other address as either party shall have furnished to _____________
PAYLESS SHOESOURCE, INC – in its name on its behalf, all as of
the day and year first above written.
/s/ Steven J. Douglass
---------------------------------------------------
Steven J. Douglass
PAYLESS SHOESOURCE, INC .
By /s/ Jay A. Lentz
-----------------------------------------------
Name: Jay A. Lentz
Title: Senior Vice President -- Human Resources
{/TEXT}
{/DOCUMENT} _____________
dt 506917
;
Steven J. Douglass;
| Dyelights Inc.
|
| Preview
Full Doc
 | 2003 |
Change in Control Severance Protection Agreement [Form]
Change in Control Severance Protection Agreement [Form] (41K)
Doc #165200: Click preview link for longer preview.
FORM
CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT ADS ALLIANCE DATA SYSTEMS, INC.
This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of September 25, 2003, (the "Effective Date") between ADS Alliance Data Systems, Inc. (the "Company") and [ ] (the "Executive").
RECITALS
WHEREAS, the Executive is a key employee of the Company and serves as the Company's [ ].
WHEREAS, the Company and the Executive desire to set forth herein the sole and exclusive terms and conditions relating to the Executive's compensation in the event of a termination of the Executive's employment in connection with a Change in Control (as defined below);
WHEREAS, in the event of a Change in Control, the Executive may be vulnerable to dismissal without regard to quality of the Executive's service, and the Company believes that it is in the best interests of the Company to enter into this Agreement in order to ensure fair treatment of the Executive and to reduce the distractions and other adverse effects upon the Executive's performance which are inherent in such a Change in Control; and
WHEREAS, this Agreement is not intended to be and shall not constitute an employment contract between the Company and the Executive or impose any obligation upon the Company to retain the Executive.
NOW, THEREFORE, for and in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
AGREEMENT
1. Definitions. For purposes hereof, the following terms shall mean:
a. "Affiliate" shall mean any entity that has a direct or indirect equity interest in the Company or with respect to which the Company holds an equity interest, or any entity directly or indirectly controlling, controlled by or under the common control of the Company.
b. "Annual Salary" shall mean the greater of the Executive's annual salary as in effect immediately prior to the date of the Qualifying Termination or his annual salary as in effect on the date of the Change in Control.
c. "Board" shall mean the Board of Directors of the Company.
d. "Cause" shall mean if the Executive is a party to an employment agreement or offer letter or any other agreement for services with the Company or its Affiliates and such agreement is in effect at the time of termination of employment, and provides for a definition of Cause, the definition therein contained, or, if no such agreement exists, it shall mean the Executive's (i) material breach of any of such Executive's covenants or obligations under any applicable employment agreement or offer letter or any other agreement for services or non-compete agreement; (ii) continued failure after written notice from the Company or any applicable Affiliate to satisfactorily perform assigned job responsibilities or to follow the reasonable instructions of the Executive's superiors, including, without limitation, the Board; (iii) commission of a crime constituting a felony (or its equivalent) under the laws of any jurisdiction in which the Company or any applicable Affiliate conducts its business or other crime involving moral turpitude; or (iv) material violation of any material law or regulation or any policy or
165200
|
ADS Alliance
As referenced in this Change in Control Severance Protection Agreement [Form]:
ADS ALLIANCE DATA SYSTEMS, – htm EXHIBIT 10.1
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 10.1
FORM
CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT
ADS ALLIANCE DATA SYSTEMS, INC.
This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of September 25, 2003, (the "Effective Date") between _____________
ADS Alliance Data Systems, – SYSTEMS, INC.
This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of September 25, 2003, (the "Effective Date") between ADS Alliance Data Systems, Inc. (the "Company") and [ ] (the "Executive").
RECITALS
WHEREAS, the Executive is a key employee of the Company and serves as the Company' _____________
ADS ALLIANCE DATA SYSTEMS, – will or by the laws of descent and distribution.
IN WITNESS WHEREOF, the parties have executed this Agreement as of September 25, 2003.
ADS ALLIANCE DATA SYSTEMS, INC.
By
EXECUTIVE:
7
Exhibit A
GENERAL RELEASE OF ALL CLAIMS
This general release (this "Agreement") and the accompanying Change in Control _____________
ADS Alliance Data Systems, – RELEASE OF ALL CLAIMS
This general release (this "Agreement") and the accompanying Change in Control Severance Protection Agreement dated , 2003 between ("Executive") and ADS Alliance Data Systems, Inc. (the "Company"). In exchange for and in consideration of the benefits described in the Agreement (the "Severance Amount"), Executive, on behalf _____________
ADS ALLIANCE DATA SYSTEMS, – of _________, 2003
Notary Public
ACCEPTED AND ACKNOWLEDGED BY
By:
Name:
Title:
Date:
QuickLinks
Exhibit 10.1
CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT ADS ALLIANCE DATA SYSTEMS, INC.
RECITALS
AGREEMENT
GENERAL RELEASE OF ALL CLAIMS
_____________
dt 185971
;
Limited Brands
As referenced in this Change in Control Severance Protection Agreement [Form]:
Limited Brands, Inc – any other clause of this definition) by any Person or entity other than (x) Welsh Carson Anderson & Stowe partnerships and partners or (y) Limited Brands, Inc . and its affiliates, including without limitation a "group" as contemplated by Section 13(d)(3) of the Exchange Act (whether or not _____________
Limited Brands, Inc – other clause of this definition) by any Person, entity or group other than (x) Welsh Carson Anderson & Stowe partnerships and partners or (y) Limited Brands, Inc . and its affiliates, of beneficial ownership of more than thirty percent (30%) (based on voting power) of the Company's outstanding capital _____________
dt 506787
;
| Alliance Data Systems Corp
|
| Preview
Full Doc
 | 2003 |
Change in Control Severance Protection Agreement
Change in Control Severance Protection Agreement (41K)
Doc #165201: Click preview link for longer preview.
CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT ADS ALLIANCE DATA SYSTEMS, INC.
This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of September 25, 2003, (the "Effective Date") between ADS Alliance Data Systems, Inc. (the "Company") and J. Michael Parks (the "Executive").
RECITALS
WHEREAS, the Executive is a key employee of the Company and serves as the Company's Chief Executive Officer and President.
WHEREAS, the Company and the Executive desire to set forth herein the sole and exclusive terms and conditions relating to the Executive's compensation in the event of a termination of the Executive's employment in connection with a Change in Control (as defined below);
WHEREAS, in the event of a Change in Control, the Executive may be vulnerable to dismissal without regard to quality of the Executive's service, and the Company believes that it is in the best interests of the Company to enter into this Agreement in order to ensure fair treatment of the Executive and to reduce the distractions and other adverse effects upon the Executive's performance which are inherent in such a Change in Control; and
WHEREAS, this Agreement is not intended to be and shall not constitute an employment contract between the Company and the Executive or impose any obligation upon the Company to retain the Executive.
NOW, THEREFORE, for and in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
AGREEMENT
1. Definitions. For purposes hereof, the following terms shall mean:
a. "Affiliate" shall mean any entity that has a direct or indirect equity interest in the Company or with respect to which the Company holds an equity interest, or any entity directly or indirectly controlling, controlled by or under the common control of the Company.
b. "Annual Salary" shall mean the greater of the Executive's annual salary as in effect immediately prior to the date of the Qualifying Termination or his annual salary as in effect on the date of the Change in Control.
c. "Board" shall mean the Board of Directors of the Company.
d. "Cause" shall mean if the Executive is a party to an employment agreement or offer letter or any other agreement for services with the Company or its Affiliates and such agreement is in effect at the time of termination of employment, and provides for a definition of Cause, the definition therein contained, or, if no such agreement exists, it shall mean the Executive's (i) material breach of any of such Executive's covenants or obligations under any applicable employment agreement or offer letter or any other agreement for services or non-compete agreement; (ii) continued failure after written notice from the Company or any applicable Affiliate to satisfactorily perform assigned job responsibilities or to follow the reasonable instructions of the Executive's superiors, including, without limitation, the Board; (iii) commission of a crime constituting a felony (or its equivalent) under the laws of any jurisdiction in which the Company or any applicable Affiliate conducts its business or other crime involving moral turpitude; or (iv) material violation of any material law or regulation or any policy or code of conduct adopted by the Company or engaging in any other form of misconduct which, if it were made public, could
165201
|
ADS Alliance
As referenced in this Change in Control Severance Protection Agreement:
ADS ALLIANCE DATA SYSTEMS, – 10_2.htm EXHIBIT 10.2
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 10.2
CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT
ADS ALLIANCE DATA SYSTEMS, INC.
This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of September 25, 2003, (the "Effective Date") between _____________
ADS Alliance Data Systems, – SYSTEMS, INC.
This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of September 25, 2003, (the "Effective Date") between ADS Alliance Data Systems, Inc. (the "Company") and J. Michael Parks (the "Executive").
RECITALS
WHEREAS, the Executive is a key employee of the Company and serves _____________
ADS ALLIANCE DATA SYSTEMS, – or by the laws of descent and distribution.
7
IN WITNESS WHEREOF, the parties have executed this Agreement as of September 25, 2003.
ADS ALLIANCE DATA SYSTEMS, INC.
By
/s/ EDWARD J. HEFFERNAN
Edward J. Heffernan
EXECUTIVE:
/s/ J. MICHAEL PARKS
J. Michael Parks
8
Exhibit A
GENERAL RELEASE _____________
ADS Alliance Data Systems, – CLAIMS
This general release (this "Agreement") and the accompanying Change in Control Severance Protection Agreement dated , 2003 between J. Michael Parks ("Executive") and ADS Alliance Data Systems, Inc. (the "Company"). In exchange for and in consideration of the benefits described in the Agreement (the "Severance Amount"), Executive, on behalf _____________
dt 185972
;
Limited Brands
As referenced in this Change in Control Severance Protection Agreement:
Limited Brands, Inc – any other clause of this definition) by any Person or entity other than (x) Welsh Carson Anderson & Stowe partnerships and partners or (y) Limited Brands, Inc . and its affiliates, including without limitation a "group" as contemplated by Section 13(d)(3) of the Exchange Act (whether or not _____________
Limited Brands, Inc – other clause of this definition) by any Person, entity or group other than (x) Welsh Carson Anderson & Stowe partnerships and partners or (y) Limited Brands, Inc . and its affiliates, of beneficial ownership of more than thirty percent (30%) (based on voting power) of the Company's outstanding capital _____________
dt 506788
;
| J. Michael Parks;
Alliance Data Systems Corp
|
| Preview
Full Doc
 | 2003 |
Employment Agreement
Employment Agreement (53K)
Doc #165329: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
THIS AGREEMENT, made and entered into as of the 28th day of April, 2003, by and between RARE HOSPITALITY MANAGEMENT, INC., a Delaware corporation (hereinafter referred to as the Company), and JOIA M. JOHNSON, a resident of the State of Georgia (hereinafter referred to as the Executive);
WITNESSETH:
The Company, its parent corporation and subsidiaries are engaged in the business of owning, operating and franchising the operation of restaurants under the names LongHorn Steakhouse, The Capital Grille and Bugaboo Creek Steak House. The Companys parent, RARE Hospitality International, Inc. (the Parent) entered into that certain Change of Control Agreement, dated June 7, 1999, between Executive and the Parent (the First Agreement), which was assigned to the Company as of December 30, 2000. The Company desires to continue the employment of Executive as Secretary of the Company and desires for Executive to continue to serve as Executive Vice President, General Counsel and Secretary of RARE Hospitality International, Inc. (the Parent). The Company desires to be assured of Executives continued employment on the terms and conditions set forth in this Agreement. Executive desires to accept such continued employment on such terms and conditions.
In the course of Executives employment, Executive has gained and will continue to gain knowledge of the business, affairs, customers, franchisees, plans and methods of the Company, its parent corporation and subsidiaries (collectively, RARE), has been and will be trained at the expense of RARE in the development, opening, operation and management of RAREs restaurants through the use of techniques, systems, practices and methods used and devised by RARE, has had and will have access to information relating to RAREs customers and their preferences and dining habits and has and will become personally known to and acquainted with RAREs suppliers and managers in the Restricted Area (as defined in this Agreement), thereby establishing a personal relationship with such suppliers and managers for the benefit of RARE.
The Company would suffer irreparable harm if Executive were to use such knowledge, information and personal relationships related to RARE and its business that are obtained and developed in the course of Executives employment with the Company, other than in the proper performance of her duties for the Company.
In consideration of the sum of One Dollar ($1.00) in hand paid by the Company to Executive, the receipt and sufficiency of which are hereby acknowledged, and the mutual covenants and obligations contained herein, the Company and Executive hereby agree as follows:
1. Employment. The Company agrees to continue to employ Executive, and Executive hereby accepts such continued employment and agrees to perform her duties and responsibilities hereunder, in accordance with the terms and conditions hereinafter set forth.
1.1. Employment Term. The employment term of this Agreement shall commence on the date hereof (the "Commencement Date") and shall continue until and end on April 27, 2005, unless terminated prior thereto in accordance with Section 3 hereof. Unless renewed by mutual agreement of the Company and Executive, as expressed in writing signed by both parties on or before October 27, 2004 (the "Notice Date"), this Agreement shall terminate on April 27, 2005 with no renewal or extension; provided, however, that in the event the Company chooses not to renew the Agreement, the Executive will be entitled to receive the compensation under Section 2.1 owed to Executive but unpaid for performance rendered under this Agreement as of the Expiration Date, and the Company will be obligated to continue to pay Executive his Base Compensation (as defined below) as of the Expiration Date, for a period of six (6) months after the Expiration Date, and for such additional period of time beyond six (6) months, if any, equal to the period of time between the Notice Date and the date on which the Company provides Executive with written notice of non-renewal. Such payments of salary shall be made as and when salary would otherwise be payable to senior officers of the Company. The period from the Commencement Date until the employment term expires or is terminated by the Company or Executive is hereinafter referred to as the "Employment Term."
1.2 Duties of Executive. Executive agrees that during the Employment Term, she will devote her full professional and business-related time, skills and best efforts to the business of RARE, initially in the capacity of Secretary of the Company, Executive Vice President, General Counsel and Secretary of the Parent, and subsequently in such capacity or capacities as shall be determined by the Company or the Parent. Executive shall devote her full time and her best efforts in the performance of any other reasonable duties as may be assigned to her from time to time by the Company or the Parent; provided, that all such duties assigned to Executive shall be of a nature and type reasonably and customarily assigned by companies to employees holding the offices occupied by Executive. Executive shall abide by the employment and other corporate policies of the Company established from time to time. Executive shall devote all of her full professional and business-related skills solely to the affairs of the Company, and shall not, during her employment, unless otherwise agreed to in advance in writing by the Company, seek or accept additional employment, become self-employed in any other capacity during the term of her employment, or engage in any activities which are detrimental to the business of the Company. Notwithstanding the foregoing, Executive may engage in personal investment activities provided such activities do not interfere with Executives performance of her full-time employment duties under this Agreement.
1.3 Insurance/Bond. For so long as Executive serves as either an officer or director of the Company, the Company shall, at its sole cost and expense, (i) obtain and maintain Directors and Officers and Corporate Liability Insurance covering Executive and her acts and omissions and having coverage levels, terms, and conditions not substantially less favorable than those contained in such insurance currently maintained by the Company and (ii) obtain and post any bond other than fiduciary security (including without limitation any such items required under Section 6.8 of the Companys By-Laws) required by the Company to be maintained by, in the name of or on behalf of Executive.
165329
|
RARE Hospitality
As referenced in this Employment Agreement:
RARE Hospitality International, Inc. – are engaged in the business of owning, operating and franchising the operation of restaurants under the names LongHorn Steakhouse, The Capital Grille and Bugaboo Creek Steak House. The Companys parent, RARE Hospitality International, Inc. (the Parent) entered into that certain Change of Control Agreement, dated June 7, 1999, between Executive and the Parent (the First Agreement), which was assigned to the Company as _____________
RARE Hospitality International, Inc. – Company desires to continue the employment of Executive as Secretary of the Company and desires for Executive to continue to serve as Executive Vice President, General Counsel and Secretary of RARE Hospitality International, Inc. (the Parent). The Company desires to be assured of Executives continued employment on the terms and conditions set forth in this Agreement. Executive desires to accept such continued employment _____________
RARE Hospitality International, Inc. – certified mail, postage prepaid, addressed as follows: If to the Company, to: RARE Hospitality Management, Inc.
8215 Roswell Road
Building 600
Atlanta, Georgia 30350
Attention: President
With a copy to: RARE Hospitality International, Inc.
8215 Roswell Road
Building 600
Atlanta, Georgia 30350
Attention: General Counsel
If to Executive, to: Joia M. Johnson
10320 Oxford Mill Circle
Alpharetta, GA 30022
Any party may by _____________
dt 1440497
;
RARE Hospitality
As referenced in this Employment Agreement:
RARE Hospitality International, Inc. – are engaged in the business of owning, operating and franchising the operation of restaurants under the names LongHorn Steakhouse, The Capital Grille and Bugaboo Creek Steak House. The Companys parent, RARE Hospitality International, Inc. (the Parent) entered into that certain Change of Control Agreement, dated June 7, 1999, between Executive and the Parent (the First Agreement), which was assigned to the Company as _____________
RARE Hospitality International, Inc. – Company desires to continue the employment of Executive as Secretary of the Company and desires for Executive to continue to serve as Executive Vice President, General Counsel and Secretary of RARE Hospitality International, Inc. (the Parent). The Company desires to be assured of Executives continued employment on the terms and conditions set forth in this Agreement. Executive desires to accept such continued employment _____________
RARE Hospitality International, Inc. – certified mail, postage prepaid, addressed as follows: If to the Company, to: RARE Hospitality Management, Inc.
8215 Roswell Road
Building 600
Atlanta, Georgia 30350
Attention: President
With a copy to: RARE Hospitality International, Inc.
8215 Roswell Road
Building 600
Atlanta, Georgia 30350
Attention: General Counsel
If to Executive, to: Joia M. Johnson
10320 Oxford Mill Circle
Alpharetta, GA 30022
Any party may by _____________
dt 1440532
;
|
RARE Hospitality
As referenced in this Employment Agreement:
RARE Hospitality International, Inc – If to the Company, to: RARE Hospitality Management, Inc.
8215 Roswell Road
Building 600
Atlanta, Georgia 30350
Attention: President
With a copy to: RARE Hospitality International, Inc .
8215 Roswell Road
Building 600
Atlanta, Georgia 30350
Attention: General Counsel
If to Executive, to: Joia M. Johnson
10320 Oxford Mill Circle
_____________
dt 610771
;
Joia M. Johnson
|
| Preview
Full Doc
 | 2003 |
Change of Control Agreement
Change of Control Agreement (57K)
Doc #166309: Click preview link for longer preview.
CHANGE OF CONTROL AGREEMENT
AGREEMENT, dated as of the ____ day of ______, 200_ (this "Agreement"), by and between Payless ShoeSource, Inc., a Delaware corporation (the "Company"), and __________ (the "Executive").
WHEREAS, the Board of Directors of the Company (the "Board"), has determined that it is in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein). The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive's full attention and dedication to the current Company and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control that ensure that the compensation and benefits expectations of the Executive will be satisfied and that are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
SECTION 1. CERTAIN DEFINITIONS. (a) "Effective Date" means the first date during the Change of Control Period (as defined herein) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive's employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (1) was at the request of a third party that has taken steps reasonably calculated to effect a Change of Control or (2) otherwise arose in connection with or anticipation of a Change of Control, then "Effective Date" means the date immediately prior to the date of such termination of employment. Further, notwithstanding anything in this Agreement to the contrary, if a Potential Change of Control occurs and if the Executive's employment with the Company is terminated as provided in Section 5(e), then "Effective Date" means the date immediately prior to the date of such termination of employment.
(b) "Change of Control Period" means the period commencing on the date hereof and ending on the third anniversary of the date hereof; provided, however, that, commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof, the "Renewal Date"), unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless, at least 60 days prior to the Renewal Date, the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.
(c) "affiliated company" means any company controlled by, controlling or under common control with the Company.
(d) "Change of Control" means:
{PAGE}
(1) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of the Company (the "Outstanding Company Common Stock") or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the "Outstanding Company Voting Securities"); provided, however, that, for purposes of this Section 1(d), none of the following shall constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any affiliated company, (iv) any acquisition by any corporation pursuant to a transaction that complies with Sections 1(d)(3)(A), 1(d)(3)(B) and 1(d)(3)(C) or (v) any acquisition by the Company which, by reducing the number of shares of Outstanding Company Common Stock or Outstanding Company Voting Securities, increases the proportionate number of shares of Outstanding Company Common Stock or Outstanding Company Voting Securities beneficially owned by any Person to 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities; provided, however, that, if such Person shall thereafter become the beneficial owner of any additional shares of Outstanding Company Common Stock or Outstanding Company Voting Securities and beneficially owns 20% or more of either the Outstanding Company Common Sock or the Outstanding Company Voting Securities, then such additional acquisition shall constitute a Change of Control; or
(2) Individuals who, as of the date hereof, constitute the Board (the "Incumbent Board") cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or
(3) Consummation of a reorganization, merger, consolidation or sale or other disposition of all or substantially all of the assets of the Company (a "Business Combination"), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners, respectively, of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50%, respectively, of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns the Company or all or substantially all of the Company's assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from
166309
|
Payless ShoeSource, Inc.
As referenced in this Change of Control Agreement:
Payless ShoeSource, Inc – PAGE}
EXHIBIT 10.12
CHANGE OF CONTROL AGREEMENT
AGREEMENT, dated as of the ____ day of ______, 200_ (this
"Agreement"), by and between Payless ShoeSource, Inc ., a Delaware corporation
(the "Company"), and __________ (the "Executive").
WHEREAS, the Board of Directors of the Company (the "Board"),
has determined that _____________
Payless ShoeSource, Inc – party or by
registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:
14
{PAGE}
if to the Executive:
Name:____________
Payless ShoeSource, Inc .
3231 SE Sixth Avenue
Topeka, Kansas 66607
if to the Company:
Payless ShoeSource, Inc.
3231 SE Sixth Avenue
Topeka, Kansas 66607
Attention: _____________
Payless ShoeSource, Inc – follows:
14
{PAGE}
if to the Executive:
Name:____________
Payless ShoeSource, Inc.
3231 SE Sixth Avenue
Topeka, Kansas 66607
if to the Company:
Payless ShoeSource, Inc .
3231 SE Sixth Avenue
Topeka, Kansas 66607
Attention: General Counsel
or to such other address as either party shall have furnished to _____________
PAYLESS SHOESOURCE, INC – to be executed in its name on its behalf, all as of
the day and year first above written.
15
{PAGE}
______________________________
Name:
PAYLESS SHOESOURCE, INC .
By____________________________
Name:
Title:
16
{/TEXT}
{/DOCUMENT} _____________
dt 506918
| |
| Preview
Full Doc
 | 2003 |
Letter Agreement
Letter Agreement (8K)
Doc #169812: Click preview link for longer preview.
July 3, 2003
Dear Kevin,
Congratulations! On behalf of Bill Forrest, Executive Chairman, and the Board of Directors of Cosi, Inc., we are pleased to confirm the essentials of our employment offer to you. In order to expedite the process, we are formally extending this offer in writing. The following is a description of the terms of your employment. Please be advised that this is not a contract for employment.
1. You agree to become an at-will employee of Cosi, Inc., in the position of President and Chief Executive Officer, starting on a date to be mutually determined.
2. You will report to Bill Forrest, the Executive Chairman, and the Board of Directors. Your formal on-boarding plan will be created and will begin on Monday, July 7th 2003.
3. You will be appointed to the Cosi, Inc Board of Directors to serve until your earlier resignation or removal.
4. Your gross salary will be paid in bi-weekly installments of eleven thousand five hundred thirty-eight dollars and forty-six cents ($11,538.46) equal to three hundred thousand dollars annually ($300,000).
5. You will receive an incentive plan to be mutually determined upon by you and the Compensation Committee for the calendar year of 2004 where you will have the ability to earn up to sixty-five percent (65%) of your base salary.
169812
|
Cosi
As referenced in this Letter Agreement:
Cosi, Inc – PAGE}
Exhibit 10.1
July 3, 2003
Dear Kevin,
Congratulations! On behalf of Bill Forrest, Executive Chairman, and the Board of
Directors of Cosi, Inc ., we are pleased to confirm the essentials of our
employment offer to you. In order to expedite the process, we are formally
_____________
Cosi, Inc – your employment. Please be advised that this is not a contract for employment.
1. You agree to become an at-will employee of Cosi, Inc ., in the position of
President and Chief Executive Officer, starting on a date to be mutually
determined.
2. You will report to _____________
Cosi, Inc – Your formal on-boarding plan will be created and will begin on
Monday, July 7th 2003.
3. You will be appointed to the Cosi, Inc Board of Directors to serve until
your earlier resignation or removal.
4. Your gross salary will be paid in bi-weekly installments _____________
Cosi, Inc – Common Stock, at a price to be determined at the close of
the market on Monday, July 7th, 2003 pursuant to both the Cosi, Inc .,
Stock Incentive Plan and Stock Option Agreement in the form attached
hereto. This initial sign-on option grant will have a three ( _____________
Cosi, Inc – shall vest and become immediately exercisable in
full upon a Change of Control as defined in Appendix 1.
7. As an employee of Cosi, Inc you will be eligible to participate in "My
Slice of the Bread," a company wide stock-option bonus plan, it the
Company _____________
dt 363107
;
Cosi
As referenced in this Letter Agreement:
Cosi, Inc – PAGE}
Exhibit 10.1
July 3, 2003
Dear Kevin,
Congratulations! On behalf of Bill Forrest, Executive Chairman, and the Board of
Directors of Cosi, Inc ., we are pleased to confirm the essentials of our
employment offer to you. In order to expedite the process, we are formally
_____________
Cosi, Inc – your employment. Please be advised that this is not a contract for employment.
1. You agree to become an at-will employee of Cosi, Inc ., in the position of
President and Chief Executive Officer, starting on a date to be mutually
determined.
2. You will report to _____________
Cosi, Inc – Your formal on-boarding plan will be created and will begin on
Monday, July 7th 2003.
3. You will be appointed to the Cosi, Inc Board of Directors to serve until
your earlier resignation or removal.
4. Your gross salary will be paid in bi-weekly installments _____________
Cosi, Inc – Common Stock, at a price to be determined at the close of
the market on Monday, July 7th, 2003 pursuant to both the Cosi, Inc .,
Stock Incentive Plan and Stock Option Agreement in the form attached
hereto. This initial sign-on option grant will have a three ( _____________
Cosi, Inc – shall vest and become immediately exercisable in
full upon a Change of Control as defined in Appendix 1.
7. As an employee of Cosi, Inc you will be eligible to participate in "My
Slice of the Bread," a company wide stock-option bonus plan, it the
Company _____________
dt 506467
;
| Kevin Armstrong;
Bill Forrest
|
| Preview
Full Doc
 | 2003 |
Executive Retention Agreement
Executive Retention Agreement (29K)
Doc #172227: Click preview link for longer preview.
EXECUTIVE RETENTION AGREEMENT
THIS RETENTION AGREEMENT ("Agreement") is made as of the 21st day of January, 2003, by and between Jack in the Box Inc., a Delaware corporation (the "Company"), and Gary J. Beisler ("Executive") in connection with the Company's acquisition of Qdoba Restaurant Corporation ("Qdoba") by the Company (the "Acquisition").
1. EMPLOYMENT. The Company hereby agrees to employ Executive, and Executive hereby agrees to be employed by the Company, during the term of this Agreement, as President and Chief Executive Officer of Qdoba Restaurant Corporation, its wholly-owned subsidiary. Executive will perform the duties normally associated with those offices and such other duties not inconsistent therewith as are reasonably assigned to him by the Chief Executive Officer (CEO) of the Company.
2. RESPONSIBILITIES OF EMPLOYMENT. During the term of his employment, Executive:
(a) shall diligently and faithfully serve the Company in the capacities described above, and shall devote his best efforts and full business time and attention to the advancement of the Company's interests;
(b) shall diligently and faithfully carry out the policies, programs and directions of the CEO of the Company;
(c) shall fully cooperate with such other officers of the Company as may be elected or appointed by the CEO of the Company; and
(d) shall report to the CEO of the Company.
3. COMPENSATION. The Company will compensate Executive for his services during the term of this Agreement as follows:
(a) Base Compensation. The Company shall pay to Executive as initial minimum base compensation during Qdoba's 2003 Fiscal Year (terms capitalized but not otherwise defined are used as defined in Exhibit A) salary at the weekly rate of $4,326.92, annualized to $225,000 per year, payable in accordance with the Company's normal payroll schedule. Executive's salary for subsequent Fiscal Years shall be determined by the Company's CEO.
(b) Bonus. For Fiscal Year 2003, Executive shall have the opportunity to earn a bonus based on agreed performance levels measured by Qdoba's Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for Qdoba's fiscal year 2003 and will be calculated as follows:
172227
|
Jack in the Box
As referenced in this Executive Retention Agreement:
Jack in the Box Inc. – 10
{SEQUENCE}3
{FILENAME}employ1015.txt
{DESCRIPTION}RETENTION AGREEMENT
{TEXT}
EXECUTIVE RETENTION AGREEMENT
THIS RETENTION AGREEMENT ("Agreement") is made as of the 21st day of
January, 2003, by and between Jack in the Box Inc. , a Delaware corporation (the
|