EMPLOYMENT AGREEMENTEmployment Agreement • April 21st, 2011 • Claires Stores Inc • Retail-apparel & accessory stores • Illinois
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered as of December 21, 2010, by and between Claire’s Boutiques, Inc., a Colorado corporation (the “Company”), and Jay Friedman (the “Executive”).
CLAIRE’S INC. 2400 W. Central Rd. Hoffman Estates, IL 60192Claires Stores Inc • April 21st, 2011 • Retail-apparel & accessory stores
This letter is provided in connection with your opportunity to purchase shares of common stock (the “Shares”) of Claire’s Inc. (the “Company”), the parent company of Claire’s Stores, Inc. (“Claire’s Stores”), and to receive a matching option grant on a buy one, get one basis at an exercise price of $10.00 per Share on the terms described below. This opportunity is being made available to you pursuant to the Company’s Amended and Restated Stock Incentive Plan as amended (the “Plan”), and the Shares you purchase (the “Purchased Shares”), the matching option grant (the “BOGO Option”), and any Shares acquired upon exercise of the BOGO Option (the “BOGO Shares”) are subject in all respects to the provisions of the Plan, except as specifically modified hereby. Capitalized terms not otherwise defined in the text are defined in the Plan.
