0001104659-19-011375 Sample Contracts

February 28, 2019 Mark Cosby Dear Mark:
Michaels Companies, Inc. • February 28th, 2019 • Retail-hobby, toy & game shops

We are pleased to confirm the terms and conditions of your employment with Michaels Stores, Inc. (the “Company”), as set forth in this letter agreement (this “Agreement”). This Agreement is made and entered into as of the date hereof, and is effective as of February 28, 2019 (the “Effective Date”).

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February 27, 2019 Carl Rubin Dear Chuck:
Michaels Companies, Inc. • February 28th, 2019 • Retail-hobby, toy & game shops

As we have discussed, your employment with Michaels Stores, Inc. (the “Company”) and The Michaels Companies, Inc. (“Parent”) is terminating. The purpose of this letter agreement (this “Agreement”) is to confirm the terms concerning your separation from employment. Reference is made to the agreement between you and the Company, dated as of February 13, 2013 (the “Employment Agreement”).

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