Exhibit 10.1
    

    

    

    

    

    
      Retention Bonus Repayment Agreement
    

    

    

    
      By signing this Retention Bonus Repayment
      Agreement (“Agreement”) below I, Darla Ramirez, acknowledge that, as
      part of my employment with Pier 1 Services Company, a Delaware statutory
      trust, or any of its subsidiaries or affiliates (“Pier 1”), I am being
      offered a retention bonus of up to $50,000
      (“Bonus”) under the following terms and conditions.
    

    
      The Bonus will be paid out on pay period
      ending March 23, 2019.  The
      Bonus payment is contingent upon my active employment with Pier 1 at the
      time of payment. Additionally, to be eligible for the Bonus, I must
      satisfactorily perform the tasks and responsibilities that are assigned
      to me through the end of the bonus payment period.
    

    
      Further, in consideration of Pier 1’s
      payment of the Bonus, I hereby agree as follows:
    

    
      If, on or before September
      23, 2019, I voluntarily
      terminate my employment with Pier 1, or if my employment is separated by
      Pier 1 due to a violation of any Pier 1 policy, I agree that within ten
      (10) business days of the separation of my employment from Pier 1, I
      will repay the Bonus amount.  I further agree that I will make my
      repayment to Pier 1 in the form of a check or money order made payable
      to Pier 1 Imports, Inc.
    

    
      In the event I am obligated to repay or
      reimburse Pier 1 for any portion of the Bonus as provided in this
      Agreement, I authorize Pier 1 to deduct any portion of the Bonus which I
      am obligated to repay or reimburse from any wages due and owing to me
      including, but not limited to, my final paycheck.  I understand and
      agree that, if such monies are not sufficient to repay the full amount I
      owe, I will remain obligated to reimburse or pay the balance to Pier 1.
    

    
      I understand that this Agreement does not
      constitute a contract of employment or a guarantee of employment for any
      length of time, nine months or otherwise.  Except where expressly
      superseded by state law, Pier 1 is an at-will employer and reserves the
      right to terminate the employment of any associate for any reason with
      or without past record of corrective action. An associate also has the
      right to terminate his/her employment with Pier 1 for any reason and at
      any time.
    

    
      This Agreement was negotiated and entered
      into, at least in part, in the state of Texas and shall be construed
      under the laws of the state of Texas without regard to conflicts or
      choice of law and venue shall be brought exclusively in Tarrant County,
      Texas.
    

    

    

    
      
        

        

      

      
        

        

        
          


        

      

      
        

        

      

    

    
      This Agreement is entered into and is
      effective as of the date indicated below.  
    

    

    


    	

        	
          Pier 1 Services Company,
        
	

        	
          By: Pier 1 Holdings, Inc.,
        
	

        	
          its managing trustee
        
	

        	
           
        
	
          
            /s/ Darla Ramirez
          

        	
          
            /s/ Christine Murray
          

        
	
          Printed Name: Darla Ramirez
        	
          Printed Name: Christine Murray
        
	

        	
          Title: Senior Vice President, Human Resources and CHRO
        
	

        	
           
        
	
          Date: March 14, 2019
        	
          Date: March 14, 2019