LINENS ’N THINGS, INC. Employment Agreement for Audrey SchlaepferEmployment Agreement • March 26th, 2002 • Linens N Things Inc • Retail-home furniture, furnishings & equipment stores • New Jersey
AGREEMENT, made and entered into as of the 13th day of July, 2001 by and among Linens ’n Things, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), and Audrey Schlaepfer (the “Executive”).
ContractCollateral Assignment Split Dollar Agreement • March 26th, 2002 • Linens N Things Inc • Retail-home furniture, furnishings & equipment stores • New Jersey
Executive Life Program Collateral Assignment Split Dollar Agreement This Split Dollar Agreement is entered into as of 12/01/2001, by and between Steven Silverstein, (the “Employee”) (hereinafter, the Employee or this trust shall be referred to as the “Owner” when referred to in that capacity) and Linens ’n Things, Inc., a Delaware corporation (the “Employer”). Recitals Whereas, Employee is eligible for and wishes to participate in the Employer's Executive Life Program (the “Program”); and Whereas, Owner will be the sole owner and possessor of the Policy and assign an interest in the Policy’s death benefit and cash value to the Employer as collateral to secure repayment of Employer’s premium payments with respect to the Policy; and Whereas, it is the intent of the Employer and Owner to define the limited extent of the Employer’s security interest in the Policy; Now, therefore, Employer and Owner mutually agree that: (1) Interests in the Policy Cash Values The Policy, which is the subje
SPLIT-DOLLAR COLLATERAL ASSIGNMENTSplit-Dollar Collateral Assignment • March 26th, 2002 • Linens N Things Inc • Retail-home furniture, furnishings & equipment stores
Split Agreement: Dollar shall refer to the Agreement entered into between the Owner and the Assignee dated 12/01/2001, which is the subject of this Collateral Assignment.
