Document:

Letter Agreement - Max J. Roberts

 EXHIBIT 10.5 

 
 

 
 September 30, 2009 
 Max J. Roberts 
 [Address on file with the Company] 

Dear Mr. Roberts: 
 This
letter agreement (the “Agreement”) is intended to set forth our mutual understanding regarding your employment as President and Chief Operating Officer of Barnes & Noble College Booksellers, LLC, or successor thereto, a
wholly-owned subsidiary of Barnes & Noble, Inc. Reference herein to the “Company” shall mean Barnes & Noble College Booksellers, LLC, or successor thereto, and/or Barnes & Noble, Inc. Reference herein to
“you” or the “Executive” shall refer to Max J. Roberts. 
 Accordingly, we are pleased to agree as follows:

 1. Employment; Duties. You agree to be President and Chief Operating Officer of Barnes & Noble College Booksellers,
LLC, or successor thereto, for the term of this Agreement. In this capacity, you shall perform such duties and have such responsibilities as are typically associated with the office of President and Chief Operating Officer, including such duties and
responsibilities as are prescribed by the Board of Directors of Barnes & Noble, Inc. (the “Board”) consistent with the office of President and Chief Operating Officer of Barnes & Noble College Booksellers, LLC, or
successor thereto. While you are the Company’s employee, you agree to devote your full business time and attention to the performance of your duties and responsibilities hereunder. 

2. Term. (a) Unless terminated earlier in accordance with the provisions set forth below, the initial term of this Agreement will be
for a period beginning on September 30, 2009 (the “Effective Date”) and ending on the second anniversary of the Effective Date (“Initial Term”). At the expiration (but not earlier termination) of the Initial Term, and any
subsequent “Renewal Term” (as defined below), the term of this Agreement shall automatically renew for additional periods of one year (each a “Renewal Term”), unless either party has given the other party written notice of
non-renewal at least three (3) months prior to the expiration date of the Initial or Renewal Term, as applicable. In the event that either party has given written notice of non-renewal, and your employment with the Company continues after the
expiration of the Initial Term or any Renewal Term, such post-expiration employment shall be “at-will” and either party may terminate such employment with or without notice and for any reason or no reason. 

(b) This Agreement shall terminate upon your death and may be terminated by the Company by written notice to you following your
Disability (as defined below). This Agreement may also be terminated by the Company immediately 
 122 Fifth Avenue, New York, NY
10011 (212) 633-3300 

 for Cause (as defined below) or upon two weeks written notice to you for any other reason. This Agreement
may also be terminated by you upon written notice to the Company, for Good Reason (as defined below). 
 (c) For purposes of
this Agreement: 
 (i) “Cause” means (A) Executive’s engaging in intentional misconduct or
gross negligence which is injurious to Company; (B) your indictment or conviction with respect to any felony or other crime or violation of law involving fraud or dishonesty, or your entry of a plea of nolo contendere with respect to any felony
involving fraud or dishonesty; (C) any gross negligence, intentional acts or intentional omissions by you, as determined by a majority vote of the Board of Directors of Company in its reasonable discretion and judgment, that constitute fraud,
dishonesty, embezzlement or misappropriation in connection with the performance of the duties and responsibilities of your employment hereunder; (D) engaging in any act of intentional misconduct or moral turpitude, as determined by a majority
vote of the Board of Directors of Company, reasonably likely to adversely affect the Company or its business or reputation; (E) abuse of or dependency on alcohol or drugs (illicit or otherwise) which adversely affects job performance;
(F) willful failure or refusal by you to properly perform (as determined by the Company in its reasonable discretion and judgment) the duties, responsibilities or obligations of your employment for reasons other than Disability or authorized
leave, or to properly perform or follow (as determined by the Company in its reasonable discretion and judgment) any lawful direction by the Company; or (G) material breach of this Agreement or of any other duty to, written policy of, or
agreement with the Company. 
 (ii) “Disability” shall mean a written determination by a majority of
three physicians mutually agreeable to the Company and you (or, in the event of your total physical or mental disability, your legal representative) that you are physically or mentally unable to perform your duties of President and Chief Operating
Officer of Barnes & Noble College Booksellers, LLC, or successor thereto, under this Agreement and that such disability can reasonably be expected to continue for a period of six consecutive months or for shorter periods aggregating 180
days in any 12-month period. 
 (iii) “Good Reason” shall mean the occurrence of one or more of the
following events: (A) there shall have been a material diminution of your duties; (B) there shall have been a material diminution in the authority, duties, or responsibilities of the supervisor to whom you are required to report;
(C) there shall have been a material reduction in the Annual Base Salary (as defined below) you receive from the Company; or (D) the principal executive offices of the Company shall be relocated to a location more than 50 miles from both
New York City and Basking Ridge, New Jersey. The parties acknowledge that the foregoing definitions and any early termination by you for Good Reason shall be effective only to the extent that such definitions and such early termination satisfy the
requirements of Section 409A of the Internal Revenue Code of 1986 as amended, and the regulations and other guidance promulgated thereunder (“Code”). 

  
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 (iv) You will only be deemed to terminate employment for Good Reason if
(A) you provide the Company with written notice of Good Reason within a period not to exceed 90 days after the initial existence of the condition alleged to give rise to Good Reason, (B) the Company fails to remedy the condition within 30
days of such notice, and (C) your termination is within six (6) months following the initial existence of the condition alleged to give rise to Good Reason. 
 3. Compensation. 
 3.1. Annual Base Salary. The Company will pay you, for all
services you perform hereunder, an annual base salary of seven hundred thousand ($700,000), or such higher amount as the Compensation Committee of the Board (the “Compensation Committee”) may determine, payable in accordance with the
Company’s payroll schedule applicable to executive officers of the Company (“Annual Base Salary”). 
 3.2. Bonus
Compensation. In addition to your above-mentioned Annual Base Salary, you shall be eligible to participate in the Company’s bonus program as determined by the Compensation Committee in its sole discretion. The target level annual bonus payment
shall be at least 100% of your Annual Base Salary and shall be based upon achievement of measurable objectives as defined by the Company each year. 
 3.3. Expenses; Car Allowance. During the term of your employment, we will: (a) continue to pay your current car lease, and thereafter pay you a car allowance per month of $1,500, or such higher
amount as may be determined by the Compensation Committee; and (b) reimburse you for all expenses incurred by you in the performance of your duties and responsibilities under this Agreement, including, without limitation, entertainment and
travel expenses, in accordance with the policies and procedures established by the Compensation Committee (“Eligible Expenses”). All such reimbursements not already paid in accordance with Company policy shall be paid not later than the
last day of the calendar year following the calendar year in which the Eligible Expenses were incurred. 
 3.4. Employee
Benefits. During the Initial Term and any Renewal Term, you will be eligible to participate in and receive any benefits to which you are entitled under employee benefit plans which the Company provides for all employees. 

3.5. Severance. In the event of the early termination of the Initial Term or any Renewal Term of this Agreement by the Company without
Cause or by you with Good Reason, the Company will pay you an amount equal to your then Annual Base Salary, less all applicable withholding and other applicable taxes and deductions (“Severance Amount”), provided that
(a) you execute and deliver to the Company a release of all claims against the Company substantially in the form annexed hereto as Exhibit A (“Release”) and (b) you have not materially breached as of the date of such early
termination any provisions of this Agreement and do not materially breach such provisions at any time during the period for which such payments are to be made. The Company’s obligation to make such payments will be cancelled upon the occurrence
of any such material breach during the period in which such payments are to be made, you shall not receive any further severance payments under this paragraph, and you shall repay to the Company all prior severance payments under this paragraph
within 30 days 

  
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after demand therefore. The Severance Amount shall be paid in 12 approximately equal monthly installments, commencing upon the later of the first day of the month following the month in which
early termination referred to in this paragraph occurs or the date the Release is returned and the Revocation Period (as defined in the Release) has expired. Notwithstanding anything in this paragraph to the contrary, (y) if a Release is not
executed and delivered within 60 days of such early termination of employment, no severance payments under this Section 3.5 shall be paid and (z) if this 60 day period spans two calendar years, any Release returned in the first calendar
year shall be deemed to be returned on the first day of the second calendar year. At all times, the right to all such monthly payments made under this Section 3.5 shall be treated as the right to a series of separate payments within the meaning
of Section 409A of the Code. Notwithstanding the foregoing, in the event you are determined to be a “Specified Employee” as defined in Section 409A of the Code, such severance pay otherwise payable before the day that is six
months following your termination of employment shall be delayed and paid on the first day of the seventh month following your termination of employment, but only to the extent necessary to prevent adverse tax consequences to you under Code
Section 409A. Upon the expiration of the Initial Term or any Renewal Term of this Agreement, or upon the early termination of either such Term of this Agreement for Cause or by your death or Disability, or by your voluntary termination of your
employment without Good Reason, you shall be entitled only to the payment of such installments of your Annual Base Salary that have been earned through the date of such expiration and/or early termination. 

3.6. Restricted Stock. You shall be eligible to receive restricted stock of the Company under the terms of the Company’s 2009
Incentive Plan as, and if, determined by the Compensation Committee in its sole discretion. As the President and Chief Operating Officer of Barnes & Noble College Booksellers, LLC, or successor thereto, your target annual restricted stock
grant will be 20% of your Annual Base Salary, subject to Compensation Committee approval. 
 3.7. Change of Control Payments.
(a) If at any time during the Initial Term and any Renewal Term of this Agreement there is a Change of Control and (i) your employment is terminated by the Company without Cause or (ii) you voluntarily terminate your employment for
Good Reason, in either case within the greater of two years following the Change of Control or the remainder of the Initial Term or any Renewal Term of this Agreement, as applicable, the Company shall pay you two times your then Annual Base Salary;
provided that the maximum amount payable pursuant to this Section 3.7 plus any other change of control payments shall be the maximum amount payable to the Executive without triggering an excise tax under Section 280G of the Code, or any
successor provision thereto. Any reduction hereunder in the amount payable upon a Change of Control shall be made to amounts which do not constitute deferred compensation within the meaning of Code Section 409A. The amount due under this
Section 3.7 shall be paid to you in one lump sum within 30 days after the date your employment terminates. The amounts payable to you under this Section 3.7 shall be in lieu of any amounts payable to you under Section 3.5 above.

  
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 (b) As used herein, “Change of Control” shall mean the occurrence of one or more
of the following events: 
 (i) after the Effective Date hereof, any person, entity or “group” as
identified in Sections 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “1934 Act”), other than you or any of your affiliates or Leonard Riggio or any of his heirs or affiliates, becomes a beneficial owner (as such term is
defined in Rule 13d-3 under the 1934 Act) directly or indirectly of securities representing 40% or more of the total number of votes that may be cast for the election of directors of the Company; or 

(ii) within two years after a merger, consolidation, liquidation or sale of assets involving the Company, or a contested
election of a Company director, or any combination of the foregoing, the individuals who were directors of the Company immediately prior thereto shall cease to constitute a majority of the Board; or 

(iii) within two years after a tender offer or exchange offer for voting securities of the Company, the individuals who
were directors of the Company immediately prior thereto shall cease to constitute a majority of the Board. 
 4. Non-Competition
and Confidential Information. 
 4.1. Non-Competition. You agree that so long as you are employed by the Company and for period
of two (2) years (the “Relevant Period”) after the expiration or termination for any reason of your employment under this Agreement or otherwise, you will not (a) employ or retain, or induce or cause any other person or entity to
employ or retain, any person who is employed or retained by the Company or any of its subsidiaries or affiliates; and (b) engage, directly or indirectly, whether as principal or as agent, officer, director, employee, consultant, shareholder, or
otherwise, alone or in association with any other person, corporation or other entity, in any Competing Business, as defined below. For purposes of this Agreement, the term “Competing Business” shall mean any person, corporation or other
entity which principally sells or attempts to sell any products or services which are the same as or substantially similar to the products and services (i) sold by the Company or any of its subsidiaries at any time and from time to time during
the last two (2) years prior to the expiration or termination for any reason of your employment under this Agreement or otherwise, or (ii) being developed by the Company or any of its subsidiaries at any time during the Initial Term or any
Renewal Term of this Agreement or your employment with the Company otherwise, no matter what stage of development was achieved during such period and even if the idea was abandoned during such period. 

4.2. Ownership of Other Securities. Nothing in paragraph 4.1 shall be construed as denying you the right to own securities of any
corporation listed on a national securities exchange or quoted in the NASDAQ System to the extent of an aggregate of 5% of the outstanding shares of such securities. 
 4.3. Confidential Information. You shall use best efforts and diligence both during and after any employment with the Company, regardless of how, when or why such employment ends, to protect the
confidential, trade secret and/or proprietary character of all Confidential Information and Trade Secret Information, as defined below. You shall not, directly or indirectly, use (for your benefit or for the benefit of any other person) or disclose
any Confidential Information or Trade Secret Information, for so long 

  
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as it shall remain proprietary or protectable, except as may be necessary for the performance of your duties for the Company. For purposes of this Agreement, “Confidential Information”
shall mean all confidential information of the Company, regardless of the form or medium in which it is or was created, stored, reflected or preserved, information which is either developed by you (alone or with others) or to which you shall have
had access during any employment with the Company. Confidential Information includes, but is not limited to, Trade Secret Information, and also includes information which is learned or acquired by the Company from others with whom the Company has a
business relationship in which, and as a result of which, such information is revealed to the Company. For purposes of this Agreement, “Trade Secret Information” shall mean all information, regardless of the form or medium in which it is
or was created, stored, reflected or preserved, that is not commonly known by or generally available to the public and that: (a) derives or creates economic value, actual or potential, from not being generally known to, and not being readily
ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (b) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. The Company’s Trade Secret
Information may include, but is not limited to, all confidential information relating to or reflecting the Company’s research and development plans and activities; compilations of data; product plans; sales, marketing and business plans and
strategies; pricing, price lists, pricing methodologies and profit margins; current and planned incentive, recognition and rewards programs and services; personnel; inventions, concepts, ideas, designs and formulae; current, past and prospective
customer lists; current, past and anticipated customer needs, preferences and requirements; market studies; computer software and programs (including object code and source code); and computer and database technologies, systems, structures and
architectures. You understand that Confidential and/or Trade Secret Information may or may not be labeled as such, and you will treat all information which appears to be Confidential and/or Trade Secret Information as confidential unless otherwise
informed or authorized by the Company. 
 4.4. Inventions. Executive shall promptly disclose and provide to the Company, any
original works of authorship, designs, formulas, processes, improvements, compositions of matter, computer software programs, data, information or databases, methods, procedures or other inventions, developments or improvements of any kind that
Executive conceives, originates, develops, improves, modifies and/or creates, solely or jointly with others, during the period of Executive’s employment, or as a result of such employment (collectively, “Inventions”), and whether or
not any such Inventions also may be included within “Confidential Information” or “Trade Secret Information” as defined under this Agreement, or are patentable, copyrightable or protectable as trade secrets. Executive
acknowledges and agrees that the Company is and shall be the exclusive owner of all rights, title and interest in and to the Inventions and, specifically without limitation, that any copyrightable works prepared by Executive within the scope of your
employment are “works for hire” under the Copyright Act, that such “works for hire” are Inventions and that the Company will be considered the author and owner of such copyrightable works. In the event that any Invention is
deemed not to be a “work for hire”, or in the event that Executive should, by operation of law, be deemed to be entitled to retain any rights, title or interest in and to any Invention, Executive hereby irrevocably waives all rights, title
and interest and assigns to the Company, without any further consideration and regardless of any use by the Company of any such Inventions, 

  
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all rights, title and interest, if any, in and to such Invention. Executive agrees that the Company, as the owner of all Inventions, has the full and complete right to prepare and create
derivative works based upon the Inventions and to use, reproduce, publish, print, copy, market, advertise, distribute, transfer, sell, publicly perform and publicly display, and otherwise exploit by all means now known or later developed, such
Inventions and derivative works anywhere throughout the world and at any time during or after Executive’s employment hereunder or otherwise. 
 4.5. Reasonableness. You acknowledge that the foregoing limitations and obligations are reasonable and properly required by the Company and that in the event that any such limitations are found by a court
to be unreasonable and unenforceable, you will submit to such limitations and/or obligations in such form as such court shall determine. 
 4.6. Return of Information. You shall promptly deliver to the Company, upon the expiration or termination for any reason of your employment under this Agreement or otherwise, or at any other time at the
Company’s request, without retaining any copies, all documents, information and other material in your possession or control containing, reflecting and/or relating, directly or indirectly, to any Confidential Information and/or Trade Secret
Information. 
 4.7. Severability. If any of the restrictions in paragraph 4 should for any reason whatsoever be declared
invalid, the validity or enforceability of the remainder of this Agreement will not be adversely affected thereby. 
 4.8.
Equitable Relief. You acknowledge that your services to the Company are of a unique character which give them a special value to the Company. You further recognize that any violation of the restrictions in paragraph 4 may give rise to losses or
damages for which the Company cannot be reasonably or adequately compensated in an action at law and that such violation may result in irreparable and continuing harm to the Company. Accordingly, you agree that, in addition to any other remedy which
the Company may have at law or in equity, the Company shall be entitled to injunctive relief to restrain any violation by you of the restrictions in paragraph 4. 
 5. Miscellaneous. 
 5.1. Entire Agreement. This Agreement constitutes the entire
agreement between you and the Company with respect to the terms and conditions of your employment by the Company and supersedes all prior agreements, understandings and arrangements, oral or written, between you and the Company with respect to the
subject matter hereof. 
 5.2. Binding Effect; Benefits. This Agreement shall inure to the benefit of and shall be binding upon
you and the Company and our respective heirs, legal representatives, successors and assigns. 
 5.3. Amendments and Waivers.
This Agreement may not be amended or modified except by an instrument or instruments in writing signed by the party against whom enforcement of any such modification or amendment is sought. Either party may, by an instrument in writing, waive
compliance by the other party with any term or provision of this Agreement to be performed or complied with by such other party. 

  
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 5.4. Assignment. Neither this Agreement nor any rights or obligations which either party may
have by reason of this Agreement shall be assignable by either party without the prior written consent of the other party. 

5.5. Notices. Any notice which may or must be given under this Agreement shall be in writing and shall be personally delivered or sent by
certified or registered mail, postage prepaid, or reputable overnight courier, addressed to you at the address set forth on the first page hereof, or to the Company at 122 Fifth Avenue, New York, NY 10011 to the attention of the Vice President for
Human Resources for Barnes & Noble, Inc. (with a copy to the General Counsel for Barnes & Noble, Inc.), or to such other address as you or the Company, as the case may be, may designate in writing in accordance with the provisions
of this paragraph. 
 5.6. Section and Other Headings. The section and other headings contained in this Agreement are for
reference purposes only and are not deemed to be a part of this Agreement or to affect the meaning and interpretation of this Agreement. 
 5.7. Governing Law. This Agreement shall be construed (both as to validity and performance) and enforced in accordance with and governed by the laws of the State of New York applicable to agreements made
and to be performed wholly within the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of New York. Each party submits to jurisdiction in the State of New York and further agrees that any cause of action arising under this Agreement shall be brought exclusively in a court in New York, New York.

 5.8. Survival of Rights and Obligations. All rights and obligations of you and the Company arising during the Initial Term
and any Renewal Term of this Agreement shall continue to have full force and effect after the termination of this Agreement unless otherwise provided herein. 
 5.9. Code Section 409A. Notwithstanding any provision herein to the contrary, in the event that you are determined to be a Specified Employee, for purposes of any payment on termination of employment
under this Agreement, payment(s) shall be made or begin, as applicable, on the first payroll date which is more than six months following the date of separation from service (or, if earlier, upon your death), to the extent required to avoid any tax
consequences under Code Section 409A. All provisions of this Agreement shall be interpreted in a manner consistent with Section 409A of the Code, as amended, and the regulations and other guidance promulgated thereunder. Notwithstanding
the preceding, the Company makes no representations concerning the tax consequences of your participation in this Agreement under Code Section 409A or any other federal, state, or local tax law. Your tax consequences will depend, in part, upon
the application of relevant tax law, including Code Section 409A, to the relevant facts and circumstances. You should consult a competent and independent tax advisor regarding the tax consequences of this Agreement. 

  
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 5.10. Executive’s Representations and Warranties. You hereby represent and warrant to
the Company that (a) your execution, delivery and performance of this Agreement do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which you are a party
or by which you are bound; (b) you are not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity, which has not been disclosed to the Company prior to the execution of
this Agreement; (c) in the performance of any duties and responsibilities on behalf of the Company, you shall not divulge or use in any way any trade secrets or confidential or proprietary information which are within your possession or
knowledge (if any), are owned by any other person or entity and regardless of whether or not such trade secrets or confidential or proprietary information are subject to any written agreement; and (d) upon the execution and delivery of this
Agreement, it shall be a valid and binding obligation, enforceable in accordance with its terms. You hereby acknowledge and represent that you fully understand the terms and conditions contained herein. 

5.11. Counterparts. This Agreement may be executed in one or more identical counterparts, each of which shall be deemed an original but
all of which together shall constitute one and the same instrument. 

  
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 If the foregoing accurately reflects our agreement, kindly sign and return to us the
enclosed duplicate copy of this letter. 
  

			
	Very truly yours,
	
	Barnes & Noble, Inc.
		
	By:	 	 /s/ Michelle Smith

		 	Michelle Smith
		 	Vice President, Human Resources

  

	
	Accepted and Agreed to:
	
	/s/ Max J. Roberts
	Max J. Roberts
	
	Date: 9/24/09

  
 [Signature
Page to Employment Agreement] 

 EXHIBIT A  

GENERAL RELEASE AND WAIVER 
 1. Max J. Roberts (“Employee”) hereby acknowledges and agrees that Employee’s employment with Barnes & Noble College Booksellers, LLC, or successor thereto, (the
“Company”) terminated on                 , 20     (the “Termination Date”). 

2. Employee hereby agrees that after the delivery to the Company of a signed original of this General Release and Waiver
(“Release”), Employee will accept from the Company and on behalf of the Company and each Releasee (as defined herein), the payments set forth in Section 3.5 of the employment agreement dated as of
                , 200     between Employee and the Company (such agreement referred to herein as the “Agreement” and such
payments and benefits collectively referred to herein as the “Separation Benefit”). Employee acknowledges and agrees that Employee’s executing the Agreement is a condition precedent to the Company’s obligation to pay the
Separation Benefit, that the Separation Benefit is adequate consideration for this Release, and that any monetary or other benefits which, prior to the execution of this Release, Employee may have earned or accrued or to which Employee may have been
entitled, have been paid or such payments or benefits have been released, waived or settled by Releasor pursuant to this Release. 
 3. THIS PARAGRAPH PROVIDES A COMPLETE RELEASE AND WAIVER OF ALL EXISTING AND POTENTIAL CLAIMS YOU MAY HAVE AGAINST EVERY PERSON AND ENTITY INCLUDED WITHIN THE DESCRIPTION BELOW OF “RELEASEE.”
BEFORE YOU SIGN THIS RELEASE, YOU MUST READ THIS PARAGRAPH CAREFULLY, AND MAKE SURE THAT YOU UNDERSTAND IT FULLY. 

In consideration of Employee’s receipt and acceptance of the Separation Benefit from the Company and on behalf of the Company and
each Releasee (as defined below), Employee, on Employee’s behalf and on behalf of Employee’s heirs, executors, administrators, successors and assigns (collectively, “Releasor”), hereby irrevocably, unconditionally and generally
releases the Company, Barnes & Noble, Inc., their respective current and former officers, directors, shareholders, trustees, parents, members, managers, affiliates, subsidiaries, branches, divisions, agents, attorneys and employees, and the
current and former officers, directors, shareholders, agents, attorneys and employees of any such parent, affiliate, subsidiary, branch or division of the Company and Barnes & Noble, Inc. and the heirs, executors, administrators, receivers,
successors and assigns of all of the foregoing (collectively, “Releasee”), from or in connection with, and hereby waives and/or settles, except as may otherwise be stated herein, any and all actions, causes of action, suits, debts, dues,
sums of money, accounts, controversies, agreements, promises, damages, judgments, executions, or any liability, claims or demands, known or unknown and of any nature whatsoever and which Releasor ever had, now has or hereafter can, shall or may have
as of the date of this Release, including, without limitation, any rights and/or claims arising under any contract, express or implied, written or oral, including without limitation the employment agreement between Employee and the Company, dated
                , 2009 (“Employment Agreement”); for wrongful dismissal or termination of employment; and arising under any applicable

 
foreign, federal, state, local or other statutes, orders, laws, ordinances, regulations or the like, or case law, that relate to employment or employment practices and/or, specifically, that
prohibit discrimination based upon age, race, religion, sex, national origin, disability or any other unlawful bases, including without limitation, the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended, the Civil Rights
Acts of 1866 and 1871, as amended, the Age Discrimination in Employment Act of 1967, as amended, the Americans with Disabilities Act of 1990, as amended, the Family Medical Leave Act of 1993, as amended, the Employee Retirement Income Security Act
of 1990, as amended, the Vietnam Era Veterans’ Readjustment Assistance Act, as amended, the Worker Adjustment and Retraining Notification Act, as amended, and any similar applicable statutes, orders, laws, ordinances, regulations or the like,
or case law, of the State of New York and any State in which any Releasee is subject to jurisdiction, or any political subdivision thereof, including without limitation, the New York State Human Rights Law, the New York State Labor Law, and the New
York City Human Rights Law, and all applicable rules and regulations promulgated pursuant to or concerning any of the foregoing statutes, orders, laws, ordinances, regulations or the like. 

4. Employee represents and warrants that Employee has not filed or commenced any complaints, claims, actions or proceedings of any kind
against any Releasee with any federal, state or local court or any administrative, regulatory or arbitration agency or body. Employee hereby waives any right to, and agrees not to, seek reinstatement or employment of any kind with any Releasee and,
without waiver by any Releasee of the foregoing, the existence of this Release shall be a valid, non-discriminatory basis for rejecting any such application or, in the event Employee obtains such employment, to terminate such employment. 

5. By executing this Release, Releasor acknowledges that (a) Employee has been advised by the Company to consult with an attorney
before executing this Release; (b) Employee was provided adequate time (i.e, at least twenty-one (21) days) to review this Release and to consider whether to sign the Release and (c) Employee has been advised that Employee has seven
(7) days following execution to revoke the Release (“Revocation Period”). Notwithstanding anything to the contrary contained herein or in your Employment Agreement, this Release will not be effective or enforceable, and the Separation
Benefit is not payable and shall not be delivered or paid by the Company, until the Revocation Period has expired and provided that Employee has not revoked the Release. Employee agrees that any revocation shall be made in writing and delivered to
                , Vice President, Human Resources, Barnes & Noble, Inc., 122 Fifth Avenue, NY, NY 10011. Employee acknowledges that revocation of the
Release will result in the Company’s not having an obligation to pay the Separation Benefit. 
 6. This Release and
Separation Benefit are not intended to be, shall not be construed as and are not an admission or concession by any Releasee of any wrongdoing or illegal or actionable acts or omissions. Employee, as and on behalf of Releasor, hereby represents and
agrees that Employee shall keep confidential and not disclose orally or in writing, to any person, except as may be required by law, any and all information concerning the existence or terms of this Release and the amount of any payments made
hereunder. Employee further agrees that in consideration of the Separation Benefit, and except as shall be required by law, (a) Employee shall keep 

 
confidential and not disclose orally or in writing directly or indirectly to any person (except Employee’s immediate family, attorneys and accountant), any and all information concerning any
facts, claims or assertions relating or referring to any experiences of Employee or treatment Employee received by or on behalf of any Releasee through the date of this Release, and (b) Employee shall not make, either directly or by or through
another person, any oral or written negative, disparaging or adverse statements or representations of or concerning any Releasee. 
 7. (a) Without limitation on the survival of any and all other terms of the Employment Agreement subsequent to the end of Employee’s employment, the expiration or termination of the Employment
Agreement, and/or the execution and effectiveness of this Release, Employee and the Company expressly acknowledge that the terms of Sections 4 and 5 of the Employment Agreement survive and shall be in full force and effect subsequent to the end of
Employee’s employment, the expiration or termination of the Employment Agreement, and/or the execution and effectiveness of this Release. 
 (b) If Employee is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) to disclose any Confidential
Information (as defined in Section 4.3 of the Employment Agreement), Employee will promptly notify the Company of such request or requirement so that the Company may seek to avoid or minimize the required disclosure and/or to obtain an
appropriate protective order or other appropriate relief to ensure that any information so disclosed is maintained in confidence to the maximum extent possible by the agency or other person receiving the disclosure, or, in the discretion of the
Company to waive compliance with the provisions of this Release. Employee will use reasonable efforts, in cooperation with the Company or otherwise, to avoid or minimize the required disclosure and/or to obtain such protective order or other relief.
If, in the absence of a protective order or the receipt of a waiver hereunder, Employee is compelled to disclose the Confidential Information or else stand liable for contempt or suffer other sanction, censure or penalty, Employee will disclose only
so much of the Confidential Information to the party compelling disclosure as he believes in good faith on the basis of advice of counsel is required by law and Employee shall give the Company prior notice of the Confidential Information he believes
he is required to disclose. 
 8. Employee represents that Employee has returned to the Company, or that Employee shall do so
prior to delivery of the Separation Benefit, all property of the Company which is or has been in Employee’s possession, custody, or control, including but not limited to computers and other equipment, company credit cards, identification cards,
and access cards and keys. 
 9. Employee shall provide such reasonable cooperation the Company on behalf of itself or any
Releasee, may request in connection with any pending or future lawsuit, arbitration, or proceeding between the Company and/or any Releasee and any third party; any pending or future regulatory or governmental inquiry or investigation concerning the
Company and/or any Releasee; and any other legal, internal, or business matters of or concerning the Company and/or any Releasee. Such cooperation shall include, without limitation, meeting with and providing information the Company, any Releasee
and/or its, their respective attorneys, auditors, or other representatives as reasonably requested by the Company. 

 10. The covenants, representations and acknowledgments made by Employee in this Release
shall survive the execution and effectiveness of this Release and the delivery of the Separation Benefit, and this Release shall inure to the benefit of each Releasee, and the successors and assigns of each of them. Releasees shall be excused and
released from any obligation to make payment of the Separation Benefit, and Employee shall be obligated to return to the Company the Separation Benefit, in the event that the Employee is found to have made a material misstatement in any term,
condition, covenant, representation or acknowledgment in this Release, or Employee is found to have committed or commits a material breach of any term, condition or covenant in this Release. 

11. This Release and the Employment Agreement constitute the sole and complete understanding and agreement between the parties with
respect to the matters set forth herein and there are no other agreements or understandings, whether written or oral and whether made contemporaneously or otherwise. No term, condition, covenant, representation or acknowledgment contained in this
Release may be amended unless in a writing signed by both parties. If any section of this Release is determined to be void, voidable or unenforceable, it shall have no effect on the remainder of the Release which shall remain in full force and
effect, and the provisions so held invalid or unenforceable shall be deemed modified as to give such provisions maximum effect permitted by applicable law. 
 12. With respect to any claims or disputes under or in connection with this Release or any claims releases under paragraph 3 of this Release, Employee and the Company hereby acknowledge and agree that
Section 5.7 of the Employment Agreement shall govern. Employee acknowledges if there is a breach or threatened breach of the provisions of this Release, the Company will have no adequate remedy in money or damages and accordingly shall be
entitled to seek equitable relief, including without limitation, injunction and specific performance; Employee hereby waives any requirements for security or posting of any bond in connection with such relief. No specification in this Release of any
particular remedy shall be construed as a waiver or prohibition of any other remedies (including claims for damages) in the event of a breach or threatened breach of this Release. 

13. This Release shall in all respects be subject to, governed by and enforced and construed pursuant to and in accordance with the laws
of the State of New York without regard to and excluding its choice of law rules. 
 14. Employee agrees and acknowledges that
(a) Employee has had an adequate opportunity to review this Release and all of its terms; (b) Employee understands all of the terms of this Release, which are fair, reasonable and are not the result of any fraud, duress, coercion, pressure
or undue influence exercised by or on behalf of any Releasee; and (c) Employee has agreed to and/or entered into this Release and all of the terms hereof, knowingly, freely and voluntarily. 

 

									
	Signature:	 	  
	 		  	Date:	  	  

		 	Max J. RobertsLetter Agreement - Jamie Iannone

 EXHIBIT 10.6 

 
 

 
 76 Ninth Avenue 
 New York, NY 10011 
 Tel: (212) 414-6000 

March 29, 2009 
 Jamie Iannone 

[Address on file with Company] 
 Dear Jamie:

 As a follow up to our discussions, it is my pleasure to present you with this offer of employment to join Barnes & Noble.com as
Executive Vice President, Shopping, Barnes & Noble.com & Barnes & Noble Digital. The following represents the key elements of our offer: 

 

			
	Position:	  	Executive Vice President, Shopping, BN.com & BN Digital
		
	Reports to:	  	William J. Lynch, Jr., President
		
	Start Date:	  	TBD
		
	Base Salary:	  	$450,000 annually
		
	Sign-On Bonus:	  	You will be paid a one-time payment of $260,000, (less appropriate tax withholding). This payment will be made on the first business day of the month after your employment commences
with the Company. If you voluntarily terminate your employment within one year of your hire date, you agree to reimburse the Company the $260,000 Sign-on Bonus.
		
	Incentive Compensation:	  	You will be eligible to participate in our Incentive Compensation Program for 2009. The target level bonus payment for your position is 40% of your base salary. Payments
under this plan are based on Company and individual performance. Payment for 2009 is guaranteed at the full year target level and will be paid in the first quarter of 2010 provided that you are employed with the Company as of the payment
date.
		
	Restricted Stock Grant:	  	On the first day of the month following the month in which your employment with the Company commences, you shall be granted 75,000 shares of restricted stock of the Company in
accordance with the Company’s 2004 Incentive Plan vesting in four equal annual installments on the first through fourth anniversaries of the date of grant.
		
		  	Should your employment terminate prior to the first anniversary of this grant for any reason other than your resignation or for “Cause” as defined below (see Severance
Benefits) 18,750 shares of the 75,000 share grant detailed above shall vest immediately. All other terms and conditions of the grant remain the same.
		
	Benefits:	  	You will be eligible to participate in the Barnes and Noble, Inc. Plan after sixty (60) days of continuous employment. An Employee Handbook with complete details of our Benefits
program is enclosed.
		
	Vacation:	  	You will be eligible for 20 days of vacation time annually after completion of six months of continuous
service.

  
 Page 2
– JAMIE IANNONE 
  

			
		
	Relocation:	  	You will be eligible for the Company’s Relocation Plan with the addition that you will be eligible for up to 90 days of temporary housing for you and your family with a maximum
reimbursement of $20,000.
		
	Severance Benefits:	  	 Should your employment terminate for any reason other than your resignation or for “Cause” as defined below, prior to the
second anniversary of your employment, you will receive a severance package that will be equal to Twelve (12) months of base salary and your annual target bonus for the year in which, your employment is terminated.

 
 Should your employment terminate for any reason other than your resignation or for
“Cause” as defined below, on or after the second anniversary of your employment, you will receive a severance package that will consist of Twelve (12) months of base salary.

 
 You understand and agree that any severance benefits provided by Barnes &
Noble.com are contingent on your executing a General Release in exchange for benefits at the time the severance benefits are offered.
  

The term “Cause” shall mean (i) any act of fraud or embezzlement in respect to the Company or any of its interests, opportunities, property or
assets, or any act of intentional dishonesty committed in the course of your employment, (ii) the commission by you of a felony under the laws of the United States or any state thereof, or of any crime involving moral turpitude or other wrongful act
or omission causing material harm to the standing and reputation of the Company, (iii) any acts or omissions by you that (as determined by the Company in its reasonable discretion and judgment) are unlawful and/or that constitute fraud, dishonesty,
breach of the duty of loyalty, gross negligence or any other misconduct in the course of your employment or otherwise, which could bring the Company into disrepute, could create civil or criminal liability for the Company or could adversely affect
the Company’s business.

 You have represented, and hereby confirm, that you are not subject to any currently effective employment contract, or any
other contractual or other binding obligations pursuant to which your employment or employment activities with or on behalf of Barnes & Noble.com may be subject to any restrictions, including without limitation, any agreements or other
obligations or documents relating to non-competition, confidentiality, trade secrets, proprietary information or works for hire. 
 This offer
is contingent upon verification of your identity and your ability to legally work for Barnes & Noble in the United States. In addition, this offer is contingent upon satisfactory references and verification of your employment record,
academic credentials and any certifications represented on your employment application and/or resume. 
 If you wish to accept this offer of
employment as set forth above, please call me at (212) 414-6172. Please then review, sign and return to me the enclosed confidentiality agreement along with an original signed copy (one of the two mailed to you) of your offer letter. If you do
not contact me by June 1, 2009, the Company’s offer of employment shall be deemed to be rescinded and without effect. If you have any questions, please call me at your convenience. 

  
 Page 3
– JAMIE IANNONE 
  

 We are delighted with your interest In Barnes & Noble.com and we are eager to have you join our
team. The challenge, opportunity, and rewards that lie ahead for Barnes & Noble.com are unique and incredibly exciting. I look forward to hearing from you after you have had a chance to review this offer. 

 

	
	Very truly yours,
	
	 

	John J. Heaney
	Vice President, Human Resources
	Barnes & Noble.com

  

			
	ACCEPTED AND AGREED:	 	
		
	

	 	6/1/09
	Jamie Iannone	 	Date

 AGREEMENT REGARDING CERTAIN TERMS AND CONDITIONS OF EMPLOYMENT 

This agreement is by and between Barnes & Noble.com, llc. (“Company”) and Jamie Iannone (“Employee”). In
consideration of the Employee’s being hired by the Company, the Company’s providing Employee access to Confidential Information that is necessary to perform his/her work, the payment by the Company of Employee’s compensation and for
other good and valuable consideration, the Company and Employee agree as follows: 
 At-Will Employment 

1. Employee acknowledges and agrees that his/her employment is at-will, which means that both Employee and the company shall have the right to terminate
such employment at any time, for any reason, with or without cause. Employee further acknowledges and agrees that this Agreement is not intended to and does not constitute a contract or agreement between Employee and the Company providing a
specified term of employment or limiting the right of either party to terminate Employee’s employment with the Company at any time, for any reason, with or without cause. 
 Duty of Loyalty 
 2. Employee acknowledges that he/she owes a duty of loyalty to the
Company, which Employee acknowledges means, among other things, that while an employee of the Company Employee must act on the best interests of the Company. Employee therefore agrees that, without limitation, (a) he/she shall devote his/her
best efforts and undivided time, effort and loyalty to the business of the Company; (a) he/she shall discharge all of his/her duties and responsibilities that are or may be assigned to him by the Company, conscientiously, in good faith and to
the best of his/her ability, giving to the Company the full benefit of his/her knowledge, expertise, skill and judgment; (b) he/she shall not engage in any illegal or unethical conduct in the performance of his/her duties and responsibilities;
and (c) he/she shall not engage in any conduct that creates an actual, potential or apparent conflict between Employee’s personal interests and the Company’s interest, or which otherwise may adversely affect Employee’s judgment
or ability to act in the Company’s best interests. 
 Confidential Information and Company Property 

3. Employee acknowledges that his/her duties and responsibilities will put employee in a position of acquiring and creating Confidential Information (as
that term is defined below) concerning the Company, the disclosure of which to competitors of the Company or others would cause the Company to suffer substantial and irreparable damage. Employee acknowledges, therefore, that it is in the
Company’s legitimate business interest to restrict Employee’s disclosure or use of such Confidential Information (and other Company Property) for any purpose other than the services provided by the Employee to the Company and to limit the
possibility of any potential appropriation of such Confidential Information (and other Company Property) by Employee for his/her own benefit or the benefit of the Company’s competitors and to the detriment of the Company. 

  
 Page 2,
IANNONE 
  

 (continued) Confidential Information and Company Property 

 

 4. Employee agrees and acknowledges that “Confidential Information” shall mean all non-public
information, whether or not created or maintained in written form, which constitutes, relates or refers to any and all of the following: financial data, strategic business plans, product development information (or other proprietary product data),
marketing plans, processes, inventions, devices and all other non-public, proprietary or confidential information of, concerning or provided by or on behalf of the Company, its companies, entities, subsidiaries, licenses or clients, including
without limitation, any technical, economic, financial, marketing or other information which is not common knowledge among competitors or other companies who may like to posses such confidential information or may find it useful. Specifically,
without limitation, Confidential Information shall also refer to all client information, including for example, client lists, the identity of any contact persons and all sales information. All of the foregoing is merely illustrative and Confidential
Information is not limited to those illustrations. 
 5. Employee agrees and acknowledges that “Company Property” shall mean all
property and resources of the Company, including without limitation, all Confidential Information, the Company computer system and all software, e-mail and databases, telephone and facsimile services and all other administrative or support services
provided by the Company. 
 6. Employee further agrees that “Company Property” shall also include, and Employee shall promptly
disclose and provide to the Company, all Inventions (as defined below), whether or not any such Inventions also may be included within “Confidential Information” as defined under this Agreement, or are patentable, copyrightable or
protective as trade secrets. As used herein, an “Invention” shall mean any original work of authorship, design, formula, process, improvement, composition of matter, computer software program, data, information or database, method,
procedure or other invention, development or improvement of any kind that Employee conceives, originates, develops, improves, modifies and/or creates, solely or jointly with others, during the period of Employee’s employment either as a result
of such employment or as a result of access to Company Property including residuals thereof. The term “residuals” as used herein shall mean information in non-tangible form, which may be retained by Employee after access to Company
Property, including ideas, concepts, know-how or techniques contained therein. Employee shall give Company all reasonable assistance and execute all documents necessary to assist and enable Company to perfect, preserve, register and record its
rights in any such Invention. 

  
 Page 3,
IANNONE 
  

 (continued) Confidential Information and Company Property 

 

 7. All Company Property and Confidential Information is owned and/or held by and for the Company
exclusively, is intended for authorized, job-related purposes on behalf of the Company only and shall not be used for personal or other non-job-related purposes. 
 8. Specifically, without limitation, Employee acknowledges that all Inventions are hereby irrevocably assigned by Employee to the Company and, specifically without limitation, that any copyrightable works
prepared by Employee within the scope of his/her employment are “works for hire” under the Copyright Act and that the Company will be considered the author and owner of such copyrightable works. In the event that any rights to any
Inventions are deemed not to be works made for hire, or in the event that Employee should, by operation of law, be deemed to retain any rights in such Inventions, Employee hereby irrevocably assigns, without any further consideration and regardless
of any use by the Company of any such Inventions, all of his/her rights, title and interest, if any, in and to such Inventions to the Company. Employee agrees that the Company, as the owner of such rights has the full and complete right to prepare
and create derivative works based upon the Inventions, Works of Authorship and any derivative works of such Works of Authorship and to use, reproduce, publish, print, copy, market, advertise, distribute, transfer, sell, publicly perform and publicly
display, and otherwise exploit by all means now known or later developed, such Works of Authorship and derivative works anywhere throughout the world. 
 9. Employee understands that the Company, from time to time, may have entered into agreements with other parties which imposed obligations or restrictions on the Company regarding Inventions made during
the course of the work under such agreements or regarding the confidential nature of such works, or otherwise received from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the
Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. Employee acknowledges and agrees to be bound by all such obligations and restrictions, will hold Third Party Information in the
strictest confidence, will not disclose (to anyone other than Company personnel who need to know such information in connection with their work for the Company) or use Third Party Information unless expressly authorized by the Company in writing,
and will otherwise take all action necessary to discharge the obligations to the Company arising in connection with such Third Party Information. 
 10. Further, without limitation, the Employee shall not, directly or indirectly, (a) remove from the Company’s premises, or divulge, disclose or make accessible to any other person, firm,
partnership, corporation or other entity, any Confidential Information or non-public Company Property, except as may be required by law and only after reasonable prior notice to the Company; or (b) make use of any Confidential Information or
Company Property for any purpose outside the course of performing the authorized duties of his/her employment, including to benefit the Employee or any other person or entity. 

  
 Page 4,
IANNONE 
  

 (continued) Confidential Information and Company Property 

 

 11. Employee acknowledges and represents that his/her performance of all the terms of this Agreement and
his/her duties as an employee of the Company will not breach any invention, assignment or proprietary information or similar agreement with any former employer or other party. Employee further acknowledges and represents that Employee will not bring
to the Company or use in the performance of his/her duties for the Company any documents or materials of any kind of a former employer or other person or entity, that Employee is not legally authorized or permitted to use and/or that are not
generally available to the public. 
 12. Employee acknowledges and agrees that the foregoing agreements and restrictions are reasonable and
necessary for the protection of the Company and its business, and are not limited in time to the duration of Employee’s employment but extend after and shall survive the termination of his/her employment, irrespective of the reason for its
termination. The Employee further acknowledges and agrees that the Company shall be entitled to an injunction or other form of equitable relief to prevent or terminate any violation of the foregoing restrictions. Any such relief shall be in addition
to and not in lieu of any other remedy available to the Company, whether at law or in equity. 
 13. Upon the termination for any reason of
his/her employment with the Company, or at any time the Company may so request, Employee shall promptly deliver to the Company all Confidential Information and Company Property, including all memoranda, notes, documents or magnetic discs, tapes or
other electronic or computer means of information storage, of any kind that constitute, contain, relate or refer to Confidential Information or Company Property, and which the Employee may have in his/her possession or under his/her control.

 Non-Competition and Non-Solicitation 
 14. During his/her employment by the Company and for six (6) months thereafter, Employee agrees that, without the prior written consent of the Company (a) he/she will not, directly or
indirectly, either as principal, manager, agent, consultant, officer, stockholder, partner, investor, lender or employee or in any other capacity, carry on, be engaged in or have any financial interest in, any business which is in competition with
the business of the Company and/or its members, officers, companies, entities, subsidiaries, successors or licensees and (b) he/she shall not, on his/her own behalf or on behalf of any person or company, directly or indirectly, communicate with
any person who has been employed by the Company or any of its companies, entities, subsidiaries, successors, agents or licensees at any time during the twelve (12) months immediately preceding such communication, in order to encourage, solicit or
suggest that such person terminate his/her employment with the Company, or to solicit or offer employment to such person. 

  
 Page 5,
IANNONE 
  

 (continued) Confidential Information and Company Property 

 

 15. For purposes of the foregoing paragraph, a business shall be deemed to be in competition with the
Company if it is principally involved in any E-Commerce company, or other entity, related to merchandising books and related products. Nothing in the foregoing paragraph shall be construed so as to preclude Employee from investing directly or
indirectly in any publicly traded equity securities, provided that no such investment in any class of securities may exceed 5% of the outstanding securities of such class. 
 16. Employee and the Company agree that the terms of paragraph 14 constitute a reasonable covenant under the circumstances and that Employee has received adequate consideration for his/her agreement to
such terms such as, without limitation, the Company’s agreement to the terms of this Agreement. Employee agrees that any breach of the covenants contained in paragraph 14 would irreparably injure the Company. Accordingly, Employee agrees that
the Company may, in addition to pursuing any other remedies it may have at law or in equity, obtain an injunction against Employee from any court having jurisdiction over such application for an injunction, restraining any further violation of this
Agreement by Employee. 
 Arbitration 
 17. (a) Any dispute, controversy or claim between Employee and the Company concerning any “Claims”, as further defined below, shall be submitted to and finally determined by binding
arbitration to be held in New York, New York before one arbitrator according to the National Rules for the Resolution of Employment Disputes of the American Arbitration Association, and judgment upon any award rendered may be entered in any court
having jurisdiction thereof. For purposes of the arbitration of any Claim hereunder and the entry of judgment upon any award, Employee and the Company hereby consent to personal jurisdiction in the State of New York. 

(b) The Claims subject to this arbitration provision are and shall be those claims concerning (i) any term, condition, covenant,
representation or acknowledgement contained in this Agreement; or (ii) any other aspect of Employee’s employment or the termination thereof, including without limitation, any and all actual or potential claims under any applicable federal,
state, local or other statues, orders, laws, ordinances, regulations or the like, or case law, that relate to employment or employment practices and/or, specifically, that prohibit discrimination based upon age, race, religion, sex, national origin,
disability or any other unlawful bases, including without limitation, the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended, the Civil Rights Acts of 1866 and 1871, as amended, the Age Discrimination in Employment Act of
1967, as amended , the Americans with Disabilities Act of 1990, as amended, the Family Medical Leave Act of 1993, as amended, the Employee Retirement Income Security Act of 1990, as amended, the Fair Labor Standards Act, as amended, the Vietnam Era
Veterans’ Readjustment Assistance Act, as amended, the Equal Pay Act, as amended, and any similar applicable statues, orders, laws, ordinances, regulations or the like, or case law, of any State. The parties further agree that the Claims
subject to arbitration shall exclude any claims required by an applicable Federal, State, local or other statute to be submitted to another forum (for example, a workers compensation claim or a claim for unemployment insurance benefits). 

  
 Page 6,
IANNONE 
  

 (continued) Arbitration 
  

 (c) Notwithstanding the provisions of paragraphs 17(a) and (b), the parties specifically
agree that the Company shall be entitled to seek equitable and injunctive relief, including a temporary restraining order, preliminary injunction or permanent injunction, in a court of competent jurisdiction, as provided in paragraphs 12 and 16 for
a breach of the “Confidential Information and Company Property” and “Non-Competition and Non-Solicitation” provisions of this agreement. 
 (d) Employee specifically acknowledges that he/she understands that the right to the determination and/or trial of any Claims in court before a judge or a jury is a valuable right, and that by signing
this Agreement he/she hereby knowingly and voluntarily waives his/her right to assert any Claims in any court of competent jurisdiction and he/she hereby knowingly and voluntarily waives the right to a determination and/or trial before a judge or a
jury. 
 Applicable Law 

18. This Agreement, and any arbitration hereunder, shall in all respects be subject to, governed by and enforced and construed pursuant to and in
accordance with the laws of the State of New York, without regard to and excluding New York choice of law rules and except that the interpretation and enforceability of this arbitration clause shall be governed by the Federal Arbitration Act.

 Successors 
 19. This
Agreement shall inure to the benefit of the Company, its subsidiaries and affiliates, and the successors and assigns of each of them. 

Amendment 
 20. No term,
condition, covenant, representation or acknowledgement contained in this Agreement may be amended or modified unless in a writing signed by both parties, and no course of conduct shall be deemed a waiver of its provisions. 

Severability 
 21. If any part of
this Agreement is found to be void, illegal or invalid for any reason whatsoever, the remaining provisions of this Agreement shall nevertheless be binding with the same effect as though the void, illegal or invalid parts were deleted. If any
provision of this Agreement is limited in any respect, it shall nevertheless be enforced to the extent that it is held to be enforceable. 

Complete Agreement 
 22. This
Agreement constitutes the entire Agreement with respect to the subject matter hereof and cancels and supersedes any and all other previous agreements with respect to the subject matter hereof. The terms of this Agreement shall survive the
termination of and any change in Employee’s position with the Company. 

  
 Page 7,
IANNONE 
  

 Employee Review of Agreement 
  

 23. Employee understands that he/she has the right to consult an attorney prior to the signing of this
Agreement and acknowledges that his/her signature below signifies that he/she has fully reviewed and understands all of the terms of this Agreement and that he/she has agreed to those terms. 

 

							
	

	 	6/1/09
	Jamie Iannone	 	Date
		
	Barnes & Noble.com, llc	 	
			
	By:	 	

	 	5/29/09
		 	Name: John J. Heaney	 	Date
		 	Title: Vice President, Human Resources

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