Document:

Exhibit

Exhibit 10.59
July 18, 2019             

Ms. Bonnie Brooks

Dear Bonnie:  
 
It is with great pleasure that we offer you the opportunity to continue with Chico’s FAS, Inc. as our CEO and President.  Please let this letter serve as an offer to be employed by Chico’s FAS, Inc. as CEO and President and your acceptance of that offer. The following will outline the specifics:  
 
Position:            Chief Executive Officer and President (“CEO”) of Chico’s FAS, Inc.
 
Reports to:       Chico’s FAS, Inc.’s Board of Directors
 
Start Date:       Upon receipt of work authorization.  Until that date, you will continue to serve as the Company’s interim CEO and President under the Professional Services Agreement dated as of April 24, 2019.  The Professional Services Agreement will terminate immediately prior to your start date as CEO and President, and the monthly fees provided under that agreement will cease and be prorated to reflect your start date and the termination of that agreement.  

Base Salary:      $1,200,000.00 annually
Position:
In your capacity as CEO and President, you will be the highest reporting officer in Chico’s.  Your authority and duties will be commensurate with those customarily exercised by the chief executive officer of a company.  Your specific duties will include stabilizing the Company and management team, position the Company for sustained growth, and other duties to be determined by Chico’s FAS, Inc.’s Board of Directors.
You will be expected to devote your full working time to the successful conduct of the business of Chico’s; provided, however, you may serve on up to two outside boards of directors or trustees for private companies or organizations upon approval of the Chico’s FAS, Inc.’s Board of Directors in the case of changes to such outside board service.  You are permitted to work remotely, from time-to-time, subject to the needs of the business.
Incentive Cash Bonus:  
Annual target of 150% of base salary, contingent upon the achievement of corporate and brand financial objectives under the existing plan.  For the FY19 performance period (February 2019 to January 2020), you will be eligible for a pro-ration based on the time period you serve as CEO based on your annualized FY19 base salary; no minimum guarantee amount.

The terms of the bonus, including eligibility, payouts and objectives are subject to the Management Bonus Plan and may be modified by the Board of Directors from time to time. All payouts are based on fiscal year business results and can vary from zero (0) to a maximum of 200% of your target bonus potential (300% of base salary earned). Bonus is typically paid in March, after the conclusion of the fiscal year.  

Equity Grants:  
Following your commencement of employment with Chico’s, you will receive an equity award as follows:

Grant Date:  Within 30 days after receipt of work authorization.

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200

Grant Amount:  1,750,000 shares, with 40% in the form of time-vesting restricted stock that vests in equal installments over four years (“RSA”) and 60% in the form of performance share units with a performance period that begins with the third quarter of fiscal 2019 and ends at the end of the fourth quarter of fiscal 2021 (“PSU”), as further described on Exhibit A hereto. The RSA and PSU awards are subject to approval by the Human Resources, Compensation and Benefits Committee of the Chico’s FAS, Inc. Board of Directors (“HRCBC”) on or before the Grant Date and will be set forth in award agreements entered into between you and the Company detailing all vesting provisions and other terms of the awards including the performance metrics of the PSU.  This grant is intended to cover both fiscal 2019 and 2020 LTI awards.  This front-loaded award provides a strong incentive to stabilize Company performance and the management team and re-ignite growth.
You will be eligible for additional equity awards beginning in March 2021 at the discretion of the HRCBC.
Time Off:  
You will be eligible for 23 days of Paid Time Off (PTO) for each full calendar year of employment. This is an accrued benefit that you start to earn on your start date. In addition, Chico’s FAS, Inc. currently observes six paid holidays and two floating days of your choice. 
 
Upon your start date, you will also be eligible to participate in Chico’s FAS, Inc. comprehensive benefits program outlined below: 
 
Group Insurance Program: 
Medical/Dental/Vision Plans 
Eligibility Date: Effective your first day of active employment 
 
Life Insurance: 
The company provides term insurance equal to 1X your base salary as well as accidental death and dismemberment insurance equal to 1X your base salary ($500,000 maximum). Supplemental insurance is available for purchase. 
Eligibility Date: Effective your first day of active employment 
 
Short and Long Term Disability: 
The company provides short and long term disability benefits. 
Eligibility Date: Effective your first day of active employment 
 
401(k) Plan:  
You may participate with an eligible deferral of your compensation (subject to an IRS maximum), with a company match of 50% of your deferral. Your 401(k) contributions may be subject to additional limitations under federal regulations.  You will be able to roll over existing qualified funds immediately.   
Eligibility Date: After 6 months of employment
Deferred Compensation:   
You will be eligible to participate in our Deferred Compensation Plan. You will have the opportunity to defer pre-tax compensation (less applicable FICA/Medicare tax withholding). You may defer up to 80% of your base salary payable during the current calendar year with a company match of 50% on the first 2.5% you defer, and up to 100% of your bonus for the applicable fiscal year.
Eligibility Date: Deferral available upon hire and 30-day enrollment period
Employee Stock Purchase Plan:  
You will have an opportunity to purchase Chico’s FAS, Inc. stock directly from the company, two times a year, during the March and September Offering Periods. 
Eligibility Date: First Offering Period following 6 months of employment
Executive Benefits 

Disability Income Protection:                                                                                     

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200

As an officer, you will be eligible for Chico’s FAS, Inc.’s Supplemental Disability Insurance program after 90 days of employment. This program provides an increased level of income protection should you become totally disabled. Full details of the program will be provided by the Benefits Department.

Annual Physical:                                                                                                        
As an officer, you are eligible to have one company paid physical per year at the Mayo Clinic in Jacksonville, FL as part of our Health and Wellness program.

Executive Severance Plan:                                                                                                        
As a qualifying executive, you are eligible for severance benefits pursuant to the attached Chico’s FAS, Inc. Officer Severance Plan.

The items listed above are covered by various benefit plans. Such benefit plans may be modified from time to time. In the event this offer letter conflicts with the terms of a benefit plan document or summary plan description, the terms of the plan document or summary plan description will control. 
Child Care:    
Chico’s FAS, Inc. is pleased to provide an early education and child development center located on campus. The center is operated by Bright Horizons Family Solutions Inc., a best in class child care provider. The center accommodates children from ages 6 weeks to 5 years. Summer program options are also available for children ages 5 to 12.
Chico’s Clinic:
You will have access to Chico’s Viva Verna Clinic, which is available to all associates and their spouses.  The on-site clinic offers no cost and low-cost appointments for wellness checks, sick visits and lab work.  Marathon Health operates the clinic with a staff of nurse practitioners and other providers.
Associate Discount:
You will be eligible for the Chico’s associate discount, which is generally 40% off the retail price for all Chico’s product at all 3 Chico’s Brands (Chico’s, WHBM, Soma), whether purchased on-line or in store.  This discount may not apply to all products and all purchases.
Relocation Benefits:    
Chico’s will reimburse you for relocation costs you incur with respect to any move to Florida, based on Chico’s Tier 1 relocation policy and subject to repayment as described in such policy. Your relocation benefits include company-provided housing for a minimum of four months, with any extensions subject to agreement of the parties.  During your employment we will further arrange and pay for reasonable air travel between our offices and your primary residence up to once per month.
Restrictive Covenants:
Your employment is conditioned on your signing a restrictive covenant agreement with the Company covering the following: non-competition and non-solicitation in effect for 2 years following termination of employment; reasonable ongoing cooperation in effect for 5 years following termination of employment; and confidentiality and non-disparagement covenants in effect for perpetuity.
At-Will Employment: 
Your employment with Chico’s is “at will.”  That means that either you or the Company are free to end the employment relationship at any time, with or without notice or cause.  By accepting our offer of employment, you acknowledge the at-will nature of your employment. Additionally, you represent that you are not a party to any agreement that would bar or limit the scope of your employment with us.
If your employment is terminated for any reason other than appointment of a new Chief Executive Officer, you will offer to resign from the Board, and the Board will not be obligated to nominate you for re-election to the Board.
This letter contains the terms and conditions of our offer of employment to you and supersedes and cancels any prior or contemporaneous written or verbal agreements.  

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200

Please indicate your acceptance of the above by signing below and returning to my attention.

Sincerely, 
  
 
/s/ David F. Walker

David F. Walker
Chairman, Board of Directors
Chico’s FAS, Inc. 
 

Accepted By:      /s/ Bonnie Brooks
               Bonnie Brooks 

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200

Exhibit A to Offer Employment Letter for Bonnie R. Brooks (July 18, 2019)

Restricted Stock Award
•700,000 time-based restricted shares
•    Granted under Amended & Restated 2012 Omnibus Plan 
		
	•
	Vests 1/4 on each of 1st, 2nd, 3rd and 4th anniversaries of grant date, subject to earlier forfeiture or vesting as described below

		
	o
	Proposed vesting period is longer than CHS’ standard RSA vesting (3-year ratable) in recognition of front-loaded nature of the grant

•    Dividends to be paid currently during the vesting period, similar to CHS’ standard RSAs 
		
	•
	If CEO service ends due to appointment of successor CEO, vesting continues based on continued service as a director, subject to forfeiture for non-compliance with restrictive covenants during the vesting period

		
	o
	Continued vesting ensures that the executive continues to be exposed to changes in CHS stock price following termination of employment as CEO

•    If before 4th anniversary of grant date:
		
	◦
	Death or Disability - Vesting accelerates on RSAs scheduled to vest in the next 12 months

		
	o
	Following Appointment of a New Chief Executive Officer, Stands for Re-election but not Elected – Vesting accelerates on RSAs scheduled to vest in the next 12 months

		
	o
	Change in Control (CIC) – Vesting accelerates on all unvested shares if (a) the continuing entity fails to assume and replace the awards, or (b) the executive is terminated without cause or voluntarily terminates with good reason within the 24-month period following the CIC or (c) if employment has terminated prior to CIC, the executive is not appointed to the Board of the continuing entity

		
	o
	All Other Terminations of Employment or Director Service - Unvested RSAs are forfeited

		
	•
	Performance Share Units

		
	o
	Two PSU awards with identical terms and vesting provisions, totaling 1,050,000 target units: 

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200

		
	o
	PSU for 350,000 target units granted under 2012 Omnibus Plan (max. payout: 525,000 shares)

		
	o
	PSU for 700,000 target units granted outside of 2012 Omnibus Plan, in reliance on employment inducement award exemption contained in NYSE Rule 303A.08. (max. payout 1,050,000 shares)

		
	o
	Performance Period – Q3 Fiscal 2019 to end of Fiscal 2021 (30 months)

		
	o
	Minimum Performance Requirement (MPR) – Must achieve four quarters of positive comparable sales growth (on combined Company basis) during the Performance Period to be eligible to vest in any PSUs

		
	o
	Performance Measures, Goals and Vesting – If the Minimum Performance Requirement is achieved, number of PSUs earned based on highest “stock price” (defined below) achieved during the last 15 months of the Performance Period

	
			
	Performance Level
	Highest Stock Price Achieved
	% of Target PSUs Vesting

	Outstanding
	$10.00 or Higher  
 
(Which is the current ≈ 52 week high)
	150%

	Target
	$7.50
	100%

	Threshold
	$5.00
	50%

	Below Threshold
	<$5.00
	0%

		
	o
	Payout for intermediate “stock prices” determined based on straight line interpolation

		
	o
	“Stock price” = 20-trading day average closing stock price

		
	o
	Subject to exceptions below, vesting/payout of PSUs (to the extent earned) occurs on March 1, 2022

		
	o
	Vested PSUs will be paid in shares of CHS stock 

		
	o
	Dividend equivalents will be accumulated during the Performance Period and paid in cash based on the number of PSUs that vest

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200

		
	o
	Termination of Employment following Appointment of a New Chief Executive Officer of the  Company– Vesting continues subject to continued service on the Board and compliance with restrictive covenants during Performance Period; vesting based on actual performance without pro-ration for CEO service

		
	o
	Death or Disability - Vesting continues; vesting based on actual performance and pro-rated based on number of months of service during the Performance Period 

		
	o
	Following Appointment of a New Chief Executive Officer, Stands for Re-election but not Elected – Vesting continues; vesting based on actual performance and pro-rated based on number of months of service during the Performance Period

		
	o
	Change in Control - PSUs will be converted to time-based restricted stock units that cliff-vests at the end of the Performance Period, as described below and subject to 409A requirements

		
	▪
	Conversion – Based on stock price performance using the CIC price; Minimum Performance Requirement will be waived

		
	§
	Accelerated Vesting – Converted awards will be fully vested if (a) the continuing entity fails to assume and replace the awards, or (b) the executive is terminated without cause or voluntarily terminates with good reason within the 24-month period following the CIC or (c) if employment has terminated prior to CIC, the executive is not appointed to the Board of the continuing entity

		
	o
	All Other Termination of Employment or Director Service Scenarios – Unvested PSUs are forfeited

Chico's FAS Inc.  ·  11215 Metro Parkway  ·  Fort Myers, Florida 33966  ·  (239) 277-6200Exhibit

Exhibit 10.60

RESTRICTIVE COVENANT AGREEMENT

THIS RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is made and entered into this 20th day of August, 2019 (the “Effective Date”), by and between Chico’s FAS, Inc., a Florida corporation, having a principal place of business at 11215 Metro Parkway, Fort Myers, FL 33966 (the “Employer”), and Bonnie R. Brooks (the “Executive”).  In consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree to the following:
1.Employment.  Employer desires to employ Executive in the position of President and Chief Executive Officer (the “Position”), and Executive desires to accept such Position.  In the Position, Executive will assume a key role in the organization that will require confidentiality and trust and will acquire information, knowledge and experience with Employer that is proprietary, confidential, unique and hard to replace. It would also place Employer at an unfair disadvantage, and Executive at an unfair advantage, should Executive use this information, knowledge, and experience to further the interests of anyone other than Employer.  As a result, Employer desires to protect its rights in its proprietary, confidential and trade secret information, and, as a condition of employment and for the consideration set forth herein, Executive is willing to and has agreed to abide by and faithfully observe the obligations and restrictions set forth herein.    
2.    Loyalty During Employment.  While employed with Employer, Executive will remain loyal to Employer and will not engage in any activities that create a conflict of interest.  Executive understands that it will be a conflict of interest for Executive to pursue business activities that compete with Employer while employed with Employer or to engage in material preparations to do so.  Executive will promptly inform Employer of any business opportunities related to Employer’s line of business, and will not pursue any such business opportunities independent from Employer without advance written authorization from Employer to do so.
3.    Confidential Information.  
(a)    Nondisclosure and Non-use.  Both during Executive’s employment with Employer and thereafter, Executive covenants and agrees that Executive (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of Employer and its Affiliates; (ii) shall not disclose to any third party any Confidential Information, except as may be required by Employer in the course of Executive’s employment or by law; and (iii) shall not use, directly or indirectly, for Executive’s own benefit or for the benefit of another, any Confidential Information.  Executive acknowledges that Confidential Information has been and will be developed and acquired by Employer and its Affiliates by means of substantial expense and effort, that the Confidential Information is a valuable proprietary asset of Employer’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to Employer’s and its Affiliates’ business.  

For purposes of this Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control of, Employer.
(b)    Definition of Confidential Information.  “Confidential Information” means all information of a confidential or proprietary nature, whether or not specifically labeled or identified as “confidential,” in any form or medium, that is or was disclosed to, or developed or learned by, Executive in connection with Executive’s past, present or future employment with Employer and that relates to the business, products, services, research or development of any of Employer or its Affiliates or their suppliers, distributors or customers.  Confidential Information includes, but is not limited to, the following: (i) internal business information (including, but not limited to, information relating to strategic plans and practices, business, training, marketing, promotional and sales plans and practices, cost, rate and pricing structures, accounting and business methods);  (ii) identities of, individual requirements of, specific contractual arrangements with, and information about, any of Employer’s, or any of its Affiliates’, suppliers, distributors and customers and their confidential information; (iii) trade secrets, know-how, compilations of data and analyses, techniques, systems, formulae, research, records, reports, manuals, documentation, models, data and data bases relating thereto; (iv) inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not patentable); and (v) other information or thing that has economic value, actual or potential, from not being generally known to or not being readily ascertainable by proper means by other persons.  
(c)    Not Confidential Information.  Confidential Information shall not include information that Executive can demonstrate:  (i) is publicly known through no wrongful act or breach of obligation of confidentiality; (ii) was rightfully received by Executive from a third party without a breach of any obligation of confidentiality by such third party; or (iii) was known to Executive on a non-confidential basis prior to Executive’s employment with Employer.
(d)    Presumption of Confidentiality.  In any judicial proceeding, it will be presumed that the Confidential Information constitutes protectable trade secrets and Executive will bear the burden of proving that any Confidential Information is publicly or rightfully known by Executive.  
(e)    Return of Confidential Information and Materials.  Executive agrees to return to Employer either before or immediately upon the termination of Executive’s employment with Employer any and all information, materials or equipment which constitutes, contains, or in any way relates to the Confidential Information and any other document, equipment or materials of any kind relating in any way to the business of Employer in the possession, custody or control of Executive which was obtained by Executive during the course of or as a result of Executive’s employment with Employer whether confidential or not, including, but without limitation, any copies thereof which may have been made by or for Executive.  Executive shall also provide 

Employer, if requested to do so, the name of the new employer of Executive and Employer shall have the right to advise any subsequent employer of Executive’s obligations hereunder.
4.    Non-Competition.  Executive covenants and agrees that during the term of Executive’s employment with Employer and for a period of two (2) years after the date of termination of Executive’s employment hereunder for any reason (the “Restricted Period”), Executive will not, directly or indirectly, perform any job, task, function, skill, or responsibility for a Competing Business that Executive has provided for Employer (and/or its Affiliates) within the twelve (12) month period immediately preceding Executive’s termination date within the Restricted Territory.  For purposes of this Agreement, a “Competing Business” shall mean any direct competitor of Employer which, in general, means a specialty retailer of: (i) better women’s intimate apparel, sleepwear and bath and body products; or (ii) better women’s apparel whose target customers are 35 years of age or older and have an annual household income of $75,000 or more. Competing Business includes, but is not limited to: The J. Jill Group, Inc., L Brands, Inc., Soft Surroundings Holdings, LLC, The Talbots, Inc., GAP, Inc., Victoria’s Secret Stores, Inc., and Ascena Retail Group, Inc.  The “Restricted Territory” means where Employer’s products are marketed at the time of Executive’s termination.
This covenant on the part of Executive shall be construed as an agreement independent of any other provision of this Agreement; and the existence of any claim or cause of action of Executive against Employer, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by Employer of this covenant.  Executive expressly agrees that the restrictions of this Section 4 will not prevent Executive from otherwise obtaining gainful employment upon termination of Executive’s employment with Employer.

5.    Non-Solicitation of Customers, Suppliers, and Business Associates.  For a period of two (2) years after the date of termination of Executive’s employment for any reason, Executive shall not directly or indirectly induce, solicit or encourage any customer, supplier or other business associate of Employer or an Affiliate to terminate or alter its relationship with Employer or Affiliate, or introduce, offer or sell to or for any customer or business associate, any products or services that compete with an Employer product, service, marketing item, or other item which presently exists, or which was under development or active consideration during Executive’s employment with Employer. 
6.    Non-Solicitation of Employees.  For a period of two (2) years after the date of termination of Executive’s employment for any reason, Executive shall not, directly or indirectly, induce, solicit or encourage any employee of Employer or its Affiliates to terminate or alter his or her relationship with Employer or its Affiliates.
7.    Non-Disparagement. Both during Executive’s employment with Employer and thereafter, Executive covenants and agrees that Executive shall not, directly or indirectly, disparage 

Employer, or its successors, corporate affiliates, assigns, officers, directors, shareholders, attorneys, employees, agents, trustees, representatives, or insurers. Such prohibited disparagement shall include communicating or disclosing any information or communications to anyone or entity which is intended to or has the effect of having any negative impact on Employer, its business or reputation in the marketplace or otherwise.
8.    Reasonable Cooperation. Executive acknowledges and agrees that, during the course of Executive’s employment with Employer, Executive will be involved in, and may have information or knowledge of, business matters that may become the subject of legal action, including threatened litigation, investigations, administrative proceedings, hearings or disputes. As such, upon reasonable notice, both during Executive’s employment with Employer and for a period of five (5) years after the date of termination of Executive’s employment for any reason, Executive agrees to cooperate fully with any investigation into, defense or prosecution of, or other involvement in, claims to which Executive has personal and relevant knowledge that are or may be made by or against Employer. This agreement to cooperate includes talking to or meeting with such persons at times and in such places as Employer and Executive reasonably agree to, as well as giving truthful evidence and truthful testimony. Employer shall reimburse Executive for reasonable out-of-pocket expenses actually incurred in connection with such assistance. Executive also promises to notify Employer within five (5) days if Executive is subpoenaed or contacted by a third party seeking information about Employer activities.
9.    Remedies.  
(a)    Injunctive Relief.  It is agreed by the parties hereto that any violation by Executive of any of the covenants contained herein would cause immediate, material and irreparable harm to Employer and/or its Affiliates which may not be adequately compensated for by money damages, and, therefore, Employer and/or its Affiliates shall be entitled to injunctive relief (including, without limitation, one or more preliminary injunctions and/or ex parte restraining orders) in addition to, and not in derogation of, any other remedies provided by law, in equity or otherwise for such a violation including, but not limited to, the right to have such covenants specifically enforced by any court of competent jurisdiction and the right to require Executive to account for and pay to Employer and/or its Affiliates all benefits derived or received by Executive as a result of any such breach of covenant together with interest thereon, from the date of such initial violation until such sums are received by Employer and/or its Affiliates.  The Restricted Period set forth herein shall be extended by any period of time in which Executive is in breach of the covenants contained in this Agreement and for any period of time which may be necessary to secure an order of court or injunction, either temporary or permanent, to enforce any of the covenants contained in this Agreement.

(b)    Executive Acknowledgment.  Executive acknowledges and agrees that the periods of restriction and geographical areas of restriction imposed by the confidentiality and non-competition covenants of this Agreement are fair and reasonably required for the protection of Employer and its Affiliates.
10.    At-Will. Nothing in this Agreement is intended to alter the at-will nature of Executive’s employment. 
11.    Severability.  In the event that, and if for any reason, any portion of this Agreement shall be held to be invalid or unenforceable, it is agreed that the remaining covenants and restrictions or portions thereof shall remain in full force and effect, and that if the validity or unenforceability is due to the unreasonableness of the time or geographical area covered by said covenants and restrictions, said covenants and restrictions of this Agreement shall nevertheless be effective for such period of time and for such area as may be determined to be reasonable by a court of competent jurisdiction.
12.    Integration.  This Agreement contains the entire agreement between the parties regarding the matters covered within it. To the extent other agreements cover the matters contained herein, the provisions of such agreements shall be read together with the provisions of this Agreement to afford Employer the greatest protections allowed by applicable law. 
13.    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without reference to its conflict of laws provisions.
14.    Binding Effect.  This Agreement is binding upon the parties hereto and on their respective heirs, personal representatives, successors and assigns.  Executive agrees that the obligations contained in this Agreement will survive the termination of this Agreement.
15.    Counterparts.  This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Nothing in this Agreement prohibits Executive from reporting an event that Executive reasonably and in good faith believes is a violation of law to the relevant law-enforcement agency (such as the Securities and Exchange Commission, Equal Employment Opportunity Commission, or Department of Labor), or from cooperating in an investigation conducted by such government agency.  Executive is hereby provided notice that under the 2016 Defend Trade Secrets Act (DTSA):  (1) no individual will be held criminally or civilly liable under Federal or State trade secret law for disclosure of a trade secret (as defined under the DTSA) that:  (A) is made in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and made solely for the purpose of reporting or investigating a suspected violation of law; or, (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal so that 

it is not made public; and, (2) an individual who pursues a lawsuit for retaliation by an employer for reporting a suspected violation of the law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal, and does not disclose the trade secret, except as permitted by court order.

This Agreement shall be considered made on the date signed by Executive below which shall be the effective date of this Agreement unless Executive is entering into this Agreement as part of Executive’s original hiring, transfer or promotion into a new position in which case the terms of this Agreement are understood to be effective as of the first day of Executive’s employment in such new position (whether reduced to writing on that specific date or not).

EMPLOYER:

By: /s/ Gregory S. Baker        
Gregory S. Baker, General Counsel                                  

EXECUTIVE:

/s/ Bonnie R. Brooks            
Bonnie R. Brooks

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