Exhibit 10.10

 

FIRST AMENDMENT TO
 EMPLOYMENT AGREEMENT

 

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THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment Agreement”) dated
January     , 2009, is between Tuesday Morning Corporation, a Delaware
corporation (the “Company”), and Michael Marchetti (“Executive”).

 

WHEREAS, the Company and Executive entered into an employment agreement dated
October 2, 2008 (the “Employment Agreement”); and

 

WHEREAS, the Company and Executive wish to amend the Employment Agreement; now
therefore:

 

In consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1.             PARAGRAPH 3(D) OF THE EMPLOYMENT AGREEMENT IS HEREBY AMENDED TO
READ AS FOLLOWS IN ITS ENTIRETY:

 

“(d) In connection with his employment under this Agreement, Executive shall be
granted by the Company under the 2008 Plan a restricted stock award of 145,631
shares of Common Stock as promptly as practicable.  The restricted stock award
shall be subject to substantial risk of forfeiture restrictions one-third of
which shall lapse on each of November 14, 2009, November 14, 2010, and
November 14, 2011.  In addition, during the Employment Period, the Company shall
pay Executive an amount equal to $200,000 per year on each of November 14, 2009,
November 14, 2010 and November 14, 2011.”

 

2.             CAPITALIZED TERMS USED IN THIS AMENDMENT AGREEMENT AND NOT
OTHERWISE DEFINED SHALL HAVE THE MEANINGS ASCRIBED TO THEM IN THE EMPLOYMENT
AGREEMENT.

 

3.             THIS AMENDMENT AGREEMENT MAY BE EXECUTED IN SEPARATE
COUNTERPARTS, EACH OF WHICH IS DEEMED TO BE AN ORIGINAL AND ALL OF WHICH TAKEN
TOGETHER CONSTITUTE ONE AND THE SAME AGREEMENT.

 

4.             ANY REFERENCES TO THE EMPLOYMENT AGREEMENT IN ANY OTHER DOCUMENT
SHALL BE DEEMED TO MEAN THE EMPLOYMENT AGREEMENT, AS AMENDED BY THIS AMENDMENT
AGREEMENT.

 

5.             THE EMPLOYMENT AGREEMENT, AS AMENDED BY THIS AMENDMENT AGREEMENT,
SHALL REMAIN IN FULL FORCE AND EFFECT.

 

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IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment
Agreement on the date first written above.

 

 

 

TUESDAY MORNING CORPORATION

 

 

 

 

 

By:

/s/ Stephanie Bowman

 

Name:

Stephanie Bowman

 

Title:

Executive Vice President and Chief
Financial Officer

 

 

 

 

 

 

/s/ Michael Marchetti

 

 

Michael Marchetti

 

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