Employee Retention Agreements



Exhibit 10.3.1 
 
RETENTION COMPENSATION AGREEMENT 
 
In consideration of the mutual desire of Coldwater Creek, Inc. (“CWC”) and
                         (“Employee”) to provide for certain retention compensation incentives in their
employment relationship, the parties agree to the terms and conditions herein. 
 
Employee is eligible for participation in CWC’s existing incentive bonus program, a copy of which is attached hereto as Exhibit A. In addition to the bonus incentive set forth in Exhibit A,
Employee shall be eligible for a retention compensation payment in the amount of $                        /year, which
will be due and payable in a gross sum on                         , less any applicable withholding taxes, if the
following conditions are fully satisfied: 
 

	 	a.	 	Employee must remain actively employed by CWC through
                        . No compensation shall be due and owing under the terms of this Agreement if Employee is not
employed by CWC on                          regardless of the reason employment may end prior to such date.


 

	 	b.	 	Employee will devote his best efforts, energies and skills to the discharge of the duties and responsibilities of his position, and must obtain reviews within the
range of “meets expectations” through                          . 

 

	 	c.	 	CWC’s profit must be at least two-thirds (2/3) of the company’s planned net income projected through
                         based on the most recent 3 year business plan as of this document. 

 
2.    Either CWC or Employee may terminate
the employment relationship at any time. This Agreement does not prevent Employee from seeking employment elsewhere, but is intended to reward Employee for his willingness to continue employment with CWC. 
 
3.    No amendment or modification of this
agreement shall be valid or effective unless in writing and signed by each party. 
 
4.    This Agreement constitutes the entire agreement of the parties with respect to the subject matter of any retention compensation payment. 
 

	
	
	  	

	 Employee signature
	  	 Date


 

	
	
	  	

	 Dennis Pence
 Coldwater Creek, Inc.
 Chairman of the Board
	  	 Date









 
The following
table summarizes the three-year Retention Compensation Agreements that the Company currently is a party to as of the date of the filing of this Annual Report on Form 10-K: 
 

	 Name

	  	 Title

	  	 Total compensation

	  	 Date to be paid (1)


	 Georgia Shonk-Simmons
	  	 President and Chief Merchandising Officer
	  	 $
	 1,425,000
	  	 September 1, 2005

	 Mel Dick
	  	 Executive Vice President and Chief Financial Officer
	  	  
	 225,000
	  	 April 30, 2006

	 Dan Griesemer
	  	 Senior Vice President of Retail
	  	  
	 300,000
	  	 September 1, 2005

	 Karen Reed
	  	 Senior Vice President of Marketing
	  	  
	 225,000
	  	 April 30, 2006

	 Six non-executive employees
	  	 Various titles
	  	  
	 675,000
	  	 Various (3)




	(1)	 	The amounts will be paid contingent upon the employee and the Company achieving the performance criteria as specified in the above sample agreement.


 

	(2)	 	Five of the agreements with the non-executive employees will be contingently paid out, as discussed in note (1) above, on April 30, 2006. The remaining one
agreement with a non-executive employee will be paid out, as discussed in note (1) above, on September 1, 2005. 

 

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