Common use of Employing Subsidiary Clause in Contracts

Employing Subsidiary. Executive understands and agrees that Executive will, as are the majority of the administrative services employees of the Company, be an employee of the Company's wholly owned subsidiary, Pier 1 Services Company, a Delaware statutory trust ("Pier 1 Services"), and that all compensation will be paid from Pier 1 Services. Accordingly, Pier 1 Services is joining as a party to this Agreement in its limited capacity as being the subsidiary from which all payments of cash compensation and other cash payments called for under this Agreement will be made. All references to the Company in Sections 6(a) and 6(b) above shall be deemed to refer to, in addition to the Company, Pier 1 Services and to all other subsidiaries of the Company, if any, for which Executive is serving as an employee.

Employing Subsidiary. Executive understands and agrees that Executive he will, as are the majority of the administrative services employees of the Company, be an employee of the Company's ’s wholly owned subsidiary, Pier 1 Services Company, a Delaware statutory trust ("“Pier 1 Services"”), and that all compensation will be paid from Pier 1 Services. Accordingly, Pier 1 Services is joining as a party to this Agreement in its limited capacity as being the subsidiary from which all payments of cash compensation and other cash payments called for under this Agreement will be made. All references to the Company in Sections 6(a) and 6(b) above shall be deemed to refer to, in addition to the Company, Pier 1 Services and to all other subsidiaries of the Company, if any, for which Executive is serving as an employee.

Employing Subsidiary. Executive understands and agrees that Executive will, as are the majority of the administrative services employees of the Company, be an employee of the Company's ’s wholly owned subsidiary, Pier 1 Services Company, a Delaware statutory trust ("“Pier 1 Services"”), and that all compensation will be paid from Pier 1 Services. Accordingly, Pier 1 Services is joining as a party to this Agreement in its limited capacity as being the subsidiary from which all payments of cash compensation and other cash payments called for under this Agreement will be made. All references to the Company in Sections 6(a) and 6(b) above shall be deemed to refer to, in addition to the Company, Pier 1 Services and to all other subsidiaries Subsidiaries of the Company, if any, for which Executive is serving as an employee.