SEVERANCE AGREEMENTSeverance Agreement • September 10th, 2008 • Talbots Inc • Retail-women's clothing stores • Massachusetts
This Severance Agreement (the “Agreement”) is made as of the Executive’s employment commencement date, between The Talbots, Inc., a Delaware corporation (together with its subsidiaries, the “Company”) and Gregory I. Poole (the “Executive”). This Agreement sets forth the agreement of the parties relating to the severance arrangements for the Executive under certain circumstances. Capitalized terms used in this Agreement are defined in Section 7 hereof.
THE TALBOTS, INC. CHANGE IN CONTROL AGREEMENTChange in Control Agreement • September 10th, 2008 • Talbots Inc • Retail-women's clothing stores • Massachusetts
This agreement (the “Agreement”) reflects our mutual understanding regarding payments to be made to, and benefits to be received by, you in the event your employment with The Talbots, Inc., a Delaware corporation (including its subsidiaries, the “Company”), is terminated by the Company within twelve (12) months following a Change in Control. This Agreement shall become effective on your employment commencement date. The capitalized termed used in this Agreement that are not otherwise defined herein shall have the meanings given to such terms in Appendix A hereto, incorporated herein by this reference and hereby made a part hereof.
ANNEX I COMMERCIAL LETTER OF CREDIT AGREEMENTCommercial Letter of Credit Agreement • September 10th, 2008 • Talbots Inc • Retail-women's clothing stores
Reference is made to the General Financing Agreement dated as of August 24, 2007 (as the same may be amended, supplemented or otherwise modified from time to time, the “Agreement”; capitalized terms used herein have the meanings ascribed to them in the Agreement unless otherwise defined herein) by and between The Talbots, Inc. (the “Borrower”) and Mizuho Corporate Bank, Ltd. (the “Bank”). In regard to any commercial Letter of Credit issued by the Bank for the account of the Borrower pursuant to the Agreement (herein called a “Credit”), the Borrower hereby agrees with the Bank as follows:
