0001140361-23-058191 Sample Contracts

KASPIEN, INC. SENIOR EXECUTIVE RETENTION BONUS & SEVERANCE LETTER AGREEMENT
Senior Executive Retention Bonus & Severance Letter Agreement • December 18th, 2023 • Kaspien Holdings Inc. • Retail-record & prerecorded tape stores • Washington

On behalf of Kaspien, Inc. (the “Company”), I am pleased to offer you the opportunity to receive an employee retention bonus and severance payment if you agree to the terms and conditions contained in this letter agreement (this “Agreement”), which shall be effective as of the date you execute and return a copy of this Agreement (such date, the “Effective Date”). If you do not execute and return a copy of this Agreement which must occur prior to December 18, 2023, this Agreement shall be null and void.

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