Document:

Amendment to Employment Agreement between Saks Incorporated & Stephen I. Sadove

 Exhibit 10.2 
 April 9, 2009 
 Stephen I. Sadove 
 7 Hickory Pine
Court 
 Purchase, NY 10577 
  

	Re:	Employment Agreement between Saks Incorporated and Stephen I. Sadove, dated as of July 31, 2007, as amended on December 16, 2008 (“Employment Agreement”)

 Dear Steve: 
 This letter agreement serves to
amend the Employment Agreement in accordance with Section 13(c) thereof. All capitalized terms in this letter agreement shall have the same meaning as in the Employment Agreement, except as provided herein. 
 Effective June 1, 2009, solely for purposes of Sections 3(a) and 3(b) and the definition of “Good Reason” contained in Section 4(c) of the Employment
Agreement, Executive’s Base Salary shall be reduced 7% from $1,060,000.00 to $985,800. Notwithstanding the preceding sentence, for all other purposes of the Agreement, the term Base Salary shall be $1,060,000.00 (or any higher rate from time to
time in effect). 
 The Company acknowledges that “Good Reason” under the Employment Agreement includes, among other things, “any reduction in
the Executive’s Base Salary [or] annual bonus opportunity in any such case below the level specified by this Agreement without the substitution of an equivalent benefit”, and that the Executive may terminate employment for Good Reason
following the effective date of the change in Base Salary mentioned above. Executive, by signing below, hereby irrevocably waives Executive’s right to claim Good Reason solely as a consequence of the changes provided above. This waiver is a one
time waiver of Executive’s right under the Employment Agreement, and shall not be binding on the Executive in any other respect. 

 The changes to the Employment Agreement described above are subject to the approval of the Human Resources and
Compensation Committee of the Company’s Board of Directors and shall only become effective upon such approval. 
  

	
	Sincerely,
	
	SAKS INCORPORATED
	
	/s/ Christine A. Morena
	Christine A. Morena
	Executive Vice President, Human Resources

  

			
	 By signing on the line below, Executive
 expressly agrees to the change in Base Salary
 and waives Executive’s right to claim “Good
 Reason” under the Employment Agreement

		
	By:	 	/s/ Stephen I. Sadove
		 	Stephen I. Sadove
		
	Title:	 	Chairman and CEO

 Date: 4-12-09 
  

 Page 2Amendment to Employment Agreement between Saks Incorporated & Ronald L. Frasch

 Exhibit 10.3 
 April 9, 2009 
 Ronald L. Frasch 
 19 Hirst Road

 Briarcliff Manor, NY 10510 
  

	Re:	Employment Agreement between Saks Incorporated and Ronald L. Frasch, dated as of July 31, 2007, as amended on December 18, 2008 (“Employment Agreement”)

 Dear Ron: 
 This letter agreement serves to
amend the Employment Agreement in accordance with Section 13(c) thereof. All capitalized terms in this letter agreement shall have the same meaning as in the Employment Agreement, except as provided herein. 
 Effective June 1, 2009, solely for purposes of Sections 3(a) and 3(b) and the definition of “Good Reason” contained in Section 4(c) of the Employment
Agreement, Executive’s Base Salary shall be reduced 7% from $1,050,000 to $976,500. Notwithstanding the preceding sentence, for all other purposes of the Agreement, the term Base Salary shall be $1,050,000 (or any higher rate from time to time
in effect). 
 The Company acknowledges that “Good Reason” under the Employment Agreement includes, among other things, “any reduction in the
Executive’s Base Salary [or] annual bonus opportunity in any such case below the level specified by this Agreement without the substitution of an equivalent benefit”, and that the Executive may terminate employment for Good Reason
following the effective date of the change in Base Salary mentioned above. Executive, by signing below, hereby irrevocably waives Executive’s right to claim Good Reason solely as a consequence of the changes provided above. This waiver is a one
time waiver of Executive’s right under the Employment Agreement, and shall not be binding on the Executive in any other respect. 

 The changes to the Employment Agreement described above are subject to the approval of the Human Resources and
Compensation Committee of the Company’s Board of Directors and shall only become effective upon such approval. 
  

	
	Sincerely,
	
	SAKS INCORPORATED
	
	/s/ Christine A. Morena
	Christine A. Morena
	Executive Vice President, Human Resources

  

			
	 By signing on the line below, Executive
 expressly agrees to the change in Base Salary
 and waives Executive’s right to claim “Good
 Reason” under the Employment Agreement

		
	By:	 	/s/ Ronald L. Frasch
		 	Ronald L. Frasch
		
	Title:	 	President

 Date: 4-15-09 
  

 Page 2Amendment to Employment Agreement between Saks Incorporated & Kevin G. Wills

 Exhibit 10.4 
 April 9, 2009 
 Kevin G. Wills 
 1310 Legacy Drive

 Birmingham, AL 35242 
  

	Re:	Employment Agreement between Saks Incorporated and Kevin G. Wills, dated as of April 17, 2007, as amended on December 18, 2008 (“Employment Agreement”)

 Dear Kevin: 
 This letter agreement serves to
amend the Employment Agreement in accordance with Section 13(c) thereof. All capitalized terms in this letter agreement shall have the same meaning as in the Employment Agreement, except as provided herein. 
 Effective June 1, 2009, solely for purposes of Sections 3(a) and 3(b), Executive’s Base Salary shall be reduced 5% from $615,000.00 to $584,250.00.
Notwithstanding the preceding sentence, for all other purposes of the Agreement, the term Base Salary shall be $615,000.00 (or any higher rate from time to time in effect). 

 The changes to the Employment Agreement described above are subject to the approval of the Human Resources and
Compensation Committee of the Company’s Board of Directors and shall only become effective upon such approval. 
  

	
	Sincerely,
	
	SAKS INCORPORATED
	
	/s/ Christine A. Morena
	Christine A. Morena
	Executive Vice President, Human Resources

  

			
	 By signing on the line below, Executive
 expressly agrees to the change in Base Salary
 and waives Executive’s right to claim “Good
 Reason” under the Employment Agreement

		
	By:	 	/s/ Kevin G. Wills
		 	Kevin G. Wills
		
	Title:	 	EVP and CFO

 Date: 4/17/09 
  

 Page 2Reassignment No. 9 of Receivables

 Exhibit 10.1 
 REASSIGNMENT OF RECEIVABLES 
 REASSIGNMENT NO. 9 OF RECEIVABLES, dated as of June 3, 2009, by
and between Chase Bank USA, National Association, a national banking association organized and existing under the laws of the United States (the “Bank”), and The Bank of New York Mellon, a banking corporation organized under the
laws of the State of New York, as Trustee (the “Trustee”) of the Chase Credit Card Master Trust (the “Trust”), pursuant to the Pooling and Servicing Agreement referred to below. 
 W I T N E S S E T H: 
 WHEREAS, the Bank, as Transferor and Servicer, and the Trustee and Paying Agent are parties to the Fifth Amended and Restated Pooling and Servicing
Agreement, dated as of December 19, 2007 (the “Pooling and Servicing Agreement”); 
 WHEREAS, pursuant to the Pooling
and Servicing Agreement, the Bank wishes to remove all Receivables from certain designated Accounts of the Bank (the “Removed Accounts”) and to cause the Trustee to reconvey the Receivables of such Removed Accounts, whether now
existing or hereafter created, from the Trust to the Bank (as each such term is defined in the Pooling and Servicing Agreement); and 
 WHEREAS, the Trustee, on behalf of the Trust, is willing to accept such designation and to reconvey the Receivables in the Removed Accounts subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Bank and the Trustee, on behalf of the Trust, hereby agree as follows: 
 1. Defined Terms. All terms defined in the Pooling and Servicing Agreement and used herein shall have such defined meanings when used herein,
unless otherwise defined herein. 
 “Removal Cut-Off Date” shall mean, with respect to the Removed Accounts designated
hereby, April 30, 2009. 
 “Removal Date” shall mean, with respect to the Removed Accounts designated hereby,
June 3, 2009. 
 “Removal Notice Date” shall mean, with respect to the Removed Accounts designated hereby, May 28,
2009 (which shall be a date on or prior to the fifth Business Day prior to the Removal Date). 
 2. Designation of Removed Accounts. The Bank shall deliver to the Trustee, not later than five Business Days after the Removal Date, a true and complete list (in the form of a computer file, microfiche list,
CD-ROM or such other form as agreed upon between the Transferor and the Trustee, on behalf of the Trust) of each VISA® and MasterCard®
 account which, as of the Removal Date, shall be deemed to be a 

  

 1 

 
Removed Account, each such account being identified by account number and by the aggregate amount of Receivables in such account as of the close of business
on the Removal Cut-Off Date. Such list shall be marked as Schedule 1 to this Reassignment and shall, as of the Removal Date, modify and amend and be incorporated into and made a part of this Reassignment and the Pooling and Servicing Agreement.

 3. Conveyance of Receivables. 
 (a) The Trustee, on behalf of the Trust, does hereby reconvey to the Bank, without recourse on and after the Removal Date, all right, title and interest of the Trust in and to the Receivables now existing and hereafter created in the
Removed Accounts designated hereby, all monies due or to become due with respect thereto (including all Finance Charge Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Delaware) of such
Receivables, Insurance Proceeds relating to such Receivables and the proceeds thereof. 
 (b) In connection with such transfer, the Trustee,
on behalf of the Trust, agrees to authorize the Bank on or prior to the date of this Reassignment, to file a termination statement (in form and substance reasonably satisfactory to the Trustee) with respect to the Receivables now existing and
hereafter created in the Removed Accounts designated hereby (which may be a single termination statement with respect to all such Receivables) evidencing the release by the Trust of its Lien on the Receivables in the Removed Accounts, and meeting
the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such Lien. 
 4.
Representations and Warranties of the Bank. The Bank hereby represents and warrants to the Trust as of the Removal Date: 
 (a)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Bank enforceable against the Bank in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and the rights of creditors of national banking associations and except as such
enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 
 (b) Selection
Procedures. No selection procedures believed by the Bank to be materially adverse to the interests of the Investor Certificateholders were utilized in selecting the Removed Accounts designated hereby. 
 5. Conditions Precedent. The amendment of the Pooling and Servicing Agreement set forth in Section 6 hereof is subject to the satisfaction,
on or prior to the Removal Date, of the following condition precedent: 
 The Bank shall have delivered to the Trustee an
Officer’s Certificate certifying that (i) as of the Removal Date, all requirements set forth in Section 2.7 of the Pooling and Servicing Agreement for designating Removed Accounts and 

 
reconveying the Receivables of such Removed Accounts, whether now existing or hereafter created, have been satisfied and (ii) each of the
representations and warranties made by the Bank in Section 4 hereof is true and correct as of the Removal Date. The Trustee may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the
matters set forth therein, and shall incur no liability in so relying. 
 6. Amendment of the Pooling and Servicing Agreement. The
Pooling and Servicing Agreement is hereby amended to provide that all references therein to the “Pooling and Servicing Agreement,” to “this Agreement” and to “herein” shall be deemed from and after the Removal Date to
be a dual reference to the Pooling and Servicing Agreement as supplemented by this Reassignment. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions to the Pooling and Servicing Agreement shall
remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to
non-compliance with any term or provision of the Pooling and Servicing Agreement. 
 7. Counterparts. This Reassignment may be
executed in two or more counterparts (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. 
 8. GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

 IN WITNESS WHEREOF, the undersigned have caused this Reassignment of Receivables to be duly executed and
delivered by their respective duly authorized officers on the day and year first above written. 
  

			
	 THE BANK OF NEW YORK MELLON,
as Trustee

		
	By:	 	 /s/ Bryon M. Tinnin

	Name:	 	Bryon M. Tinnin
	Title:	 	Vice President
	
	 CHASE BANK USA, NATIONAL ASSOCIATION,
as Transferor and as Servicer

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President

 Chase Credit Card Master Trust 
 Reassignment No. 9 of Receivables 

									
		 		 		 		 	Schedule I to
		 		 		 		 	Reassignment
		 		 		 		 	of Receivables

 REMOVED ACCOUNTS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}]]