EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • April 1st, 2016 • Lands' End, Inc. • Retail-family clothing stores • Wisconsin
This Executive Severance Agreement (“Agreement”) is made effective as of the 27th day of January, 2016, between Lands’ End, Inc., a Delaware corporation (together with its successors, assigns and Affiliates, the “Company”), and James Gooch (“Executive”).
PERFORMANCE-VESTING RESTRICTED STOCK UNIT AGREEMENTRestricted Stock Unit Agreement • April 1st, 2016 • Lands' End, Inc. • Retail-family clothing stores • Wisconsin
WHEREAS, the Company desires to (i) provide the Grantee with an incentive to remain in the employ of the Company and (ii) increase the Grantee’s interest in the success of the Company by granting restricted stock units (the “Restricted Stock Units”) payable in the form of common stock of the Company to the Grantee; and
Effective as of January 27, 2016Lands' End, Inc. • April 1st, 2016 • Retail-family clothing stores
We are pleased to extend to you our offer to join Lands’ End, Inc. (“Lands’ End”) as its Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer, reporting directly to the Chief Executive Officer, contingent on our mutual execution of this letter agreement and your Executive Severance Agreement (as defined below). You will commence employment on January 27, 2016 (your “Start Date”) and you will assume the role of Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer of Lands’ End at 12:01 a.m. on January 30, 2016.
