Document:

Exhibit 10.1
                            CIRCUIT CITY STORES, INC.

                 SCHEDULE OF NON-EMPLOYEE DIRECTORS COMPENSATION

o        DIRECTOR COMPENSATION
>>       Retainer & Meeting Fees:
         $60,000 annual retainer
         Directors  who serve as chair of the  Compensation  and  Personnel  and
         Nominating   and  Governance   committees   receive   additional   cash
         compensation  of $5,000 per year, as will the Lead Director.  The chair
         of the Audit  Committee will receive  additional  cash  compensation of
         $10,000 per year.

         Committee meeting fees will be paid as follows: (i) $1,500 for each day
         of committee  meetings attended that are held in person;  and (ii) $750
         for each day of committee meetings attended that are held by telephone.
         No separate fees will be paid for board meetings.

         Directors  may elect to receive a stock grant in lieu of the  retainer,
         meeting fees or other cash  compensation  to which the  director  would
         otherwise be entitled.  The number of shares under the stock grant will
         equal the amount of fees otherwise  payable to the director  divided by
         the fair  market  value of the  Company's  common  stock on the payment
         date, rounded to the nearest whole share.

         All cash  compensation,  and all stock grants in lieu thereof,  will be
         payable  quarterly  in arrears on the  dividend  payment  dates for the
         Company's common stock.

>>       Equity:
         Restricted stock unit grants with FMV on grant of $100,000.  Restricted
         stock units vest one year from the date of grant.

>>       Total Annual  Compensation,  excluding meeting fees: $160,000 ($165,000
         for Compensation and Personnel, and Nominating and Governance Committee
         Chairs  ($170,000 if he or she also serves as Lead Director);  $170,000
         for Audit Committee Chair)

o    ATTENDANCE REQUIREMENT

     If a Board member  attends/participates  in less than 75% of the  aggregate
     Board and committee  meetings during a year, he or she shall forfeit 50% of
     the board retainer earned for the year.

o    DIRECTOR STOCK OWNERSHIP REQUIREMENT

     A Director  will not be  permitted  to sell or transfer the shares of stock
     received  in  lieu  of  cash  compensation  or the  shares  underlying  the
     restricted  stock units  granted  until the shares are fully vested and the
     Director either retires or ceases to be a Director of the Company. Deferral
     programs for stock grants and vested  restricted  stock units are available
     to defer taxation until the underlying shares may be sold.Exhibit 10.2

[DATE]

RESTRICTED STOCK UNIT
AWARD AGREEMENT

------------------------------------------- -----------------------------------
             AWARDED TO                                    AWARD DATE
             ----------                                    ----------

              [NAME]                               [DATE OF ANNUAL MEETING]

------------------------------------------- -----------------------------------
------------------------------------------- -----------------------------------
       NUMBER OF UNITS AWARDED                          VESTING SCHEDULE
                                                  Vesting Date Number of Units
             [# Shares]
                                                         6/27/2007 100%

------------------------------------------- -----------------------------------

     CIRCUIT CITY STORES,  INC. (the "Company")  grants to you (the  "Director")
the number of restricted stock units ("Units"),  as set forth above, pursuant to
the terms set forth in this  letter  and the  Circuit  City  Stores,  Inc.  2000
Non-Employee Directors Stock Incentive Plan, as amended (the "Plan"). Units that
have not yet vested in accordance with the vesting Schedule, set forth above, or
as otherwise  specifically provided herein, are forfeitable and nontransferable.
This  award of Units is made  pursuant  to the  Plan.  The terms of the Plan are
incorporated into this letter,  and in the case of any conflict between the Plan
and this  letter,  the terms of the Plan shall  control.  Capitalized  terms not
defined herein have the meanings  provided in the Plan.  The Company's  Board of
Directors (the "Board") will administer this Award  Agreement,  and any decision
of the Board will be final and conclusive.

     The terms of your Award Agreement are:

     1. Vesting of Units.  One-hundred  percent (100%) of the Units shall become
vested and  nonforfeitable  on the Vesting  Date set forth  above,  provided the
Director  continues  to serve the Company as a member of the Board on that date.
If the Director ceases to be a Board member prior to the Vesting Date due to his
or her death or Disability,  the unvested Units will become one hundred  percent
(100%)  vested  and  nonforfeitable  on the  date  of the  Director's  death  or
Disability,  as applicable.  The Board shall  determine  whether the Director is
Disabled for purposes of the Plan and this Award Agreement.

     2. Payment for Units.

             (a) As soon as  practicable  after the  Units  become  vested,  the
     Director shall become  entitled to receive shares of Company Stock equal to
     the number of Units set forth above,  subject to the restrictions set forth
     in Section 6 and the  Director's  deferral  election,  if any,  pursuant to
     Section 2(b).

             (b) The  Director  may elect to defer all or a portion of the Units
     that the  Director  would  otherwise  be  entitled  to receive in shares of
     Company Stock on the Vesting Date (the  "Deferred  Units").  The Director's
     election  to defer such  Units must be made on such form and in  accordance
     with any procedures, as established by the Board.

     3. Dividends.  The Director shall be entitled to receive  additional  Units
equal to (i) the number of unvested Units or Deferred Units, as the case may be,
multiplied  by the cash dividend and divided by the Fair Market Value of Company
Stock on the date the  Company  pays  dividends  or (ii) the number of  unvested
Units or Deferred Units, as the case may be,  multiplied by the number of shares
of Company Stock payable as a dividend. Any additional Units shall be subject to
the  vesting,  payment  and  deferral  provisions  of  Sections 1 and 2 that are
applicable to the Units or Deferred Units with respect to which they were paid.

     4. Change of Control.  Upon a Change of Control,  any  unvested  Units will
become fully vested and  nonforfeitable  and will be paid to the Director within
thirty (30) days of the effective date of the Change of Control.

     5.  Forfeiture  of Units.  If the Director  ceases to be a Director for any
reason,  other than death or  Disability,  before the Vesting Date, any unvested
Units shall be forfeited as of the date the  Director's  membership on the Board
terminates and any rights with respect to those unvested Units shall be null and
void.

     6. Transfer  Restrictions.  The Director's rights to the Units and Deferred
Units are not subject to sale, assignment,  transfer,  pledge,  hypothecation or
encumbrance,  other  than by will or by the laws of  descent  and  distribution.
These restrictions shall continue to apply to any shares received as payment for
a  Director's  vested  Units  until  the  Director's  membership  on  the  Board
terminates for any reason.

     7. Right as  Shareholder.  The  Director  shall have no voting or any other
rights as a  shareholder  of the Company  with  respect to the Units or Deferred
Units.

     8. Binding  Effect.  Subject to the  limitations  stated above,  this Award
Agreement  shall be  binding  upon and inure to the  benefit  of the  Director's
legatees,  distributees,  and personal representatives and the successors of the
Company.

     9.  Change in Capital  Structure.  The Units and  Deferred  Units  shall be
adjusted  as the  Board  determines  is  equitably  required  in the  event of a
dividend  in the  form  of  stock,  spin-off,  stock  split-up,  subdivision  or
consolidation   of  shares  of  Company  Stock  or  other  similar   changes  in
capitalization.

     10.  Administration.   This  Award  Agreement  and  the  Director's  rights
hereunder is subject to the terms and conditions of the Plan, as well as to such
rules and regulations as the Board may adopt for the administration of the Plan.
It is expressly understood that the Board is authorized to administer, construe,
and make all  determinations  necessary or appropriate to the  administration of
the Plan and this  Award  Agreement,  all of  which  shall be  binding  upon the
Director.

     11.  Interpretation.  This Award  Agreement shall be construed under and be
governed  by the  laws of the  Commonwealth  of  Virginia.  For the  purpose  of
litigating  any dispute  that  arises  under this Award  Agreement,  the parties
hereby consent to exclusive jurisdiction and agree that such litigation shall be
conducted in the federal or state courts of the Commonwealth of Virginia.

     IN WITNESS  WHEREOF,  the  Company has caused  this Award  Agreement  to be
signed, as of the Award Date shown above.

                                      Sincerely,

                                      Philip J. Schoonover
                                      President and Chief Executive Officer

ACCEPTED:

By:
         -----------------------------------

Date:
         -----------------------------------Exhibit 10.3

Eric A. Jonas, Jr.
Senior Vice President
Human Resources
(804)527-4000
eric_jonas@circuitcity.com

                                  June 26, 2006

Fiona P. Dias
9950 Mayland Drive
Richmond, VA 23233

         Re:  Letter Agreement

Dear Fiona:

The purpose of this letter is to advise you that we  mutually  acknowledge  that
you will resign as the Company's  Executive Vice  President and Chief  Marketing
Officer effective August 27, 2006. The Company further  acknowledges and accepts
that  you  have  asked  to  resign  for  personal  reasons  and the  Company  is
accommodating your request for a transition into a non-executive role.

Effective  August 28, 2006 through December 31, 2006, you will assume a new role
with the Company as Executive Advisor of Strategic Branding Initiatives.  During
this time  period,  you and the  Company  will use  reasonable  efforts  to find
another  position  within the Company that  reflects  your skill set and desired
role. However, you specifically  acknowledge and agree that the Company is under
no obligation to provide you further employment after December 31, 2006.

Accordingly, this Letter Agreement and its terms and conditions cancel and fully
supersede and replace your Employment Agreement dated December 4, 2003, pursuant
to paragraph 12.3. You agree that you have no further rights and the Company has
no further obligations under that agreement.

As Executive Advisor of Strategic Branding Initiatives,  you will receive a base
salary of $237,500 or  $9,134.62/biweekly.  Upon completion of your  obligations
under this Letter Agreement,  including execution of a general release, you will
receive an Annual  Bonus for fiscal  year 2007,  in an amount up to a maximum of
$255,778 of your  combined  former and  current  base salary for the fiscal year
2007.  The Annual Bonus in an amount not less than eighty  percent (80%) of your
combined  former and current base salary shall be pro-rated by taking the number
of full  completed  days in the bonus  plan year  through  the last date of your
employment  under this Letter  Agreement,  divided by three  hundred  sixty-five
(365).

As long as you remain a  full-time  employee  during the period  covered by this
Letter  Agreement,  you will continue to  participate  in any medical and dental
plans to which you  subscribe at the same cost  provided to  full-time  salaried
employees.  In addition,  as long as you remain a full-time  employee during the
period covered by this Letter Agreement,  you may continue to participate in the
Company's 401k plan.

As long as you remain a  full-time  employee  during the period  covered by this
Letter Agreement,  stock awards previously  granted to you will continue to vest
under  the  terms of the  Company's  stock  incentive  plans.  On the date  your
full-time  employment  with the Company ends, any unvested equity awards will be
forfeited.  All vested stock  options will continue to be available for exercise
under the terms of the Plan for six months after your  employment  ends or until
the expiration date of the stock options,  whichever is earlier. Please remember
that the  provisions of the Company's  insider  trading  policy may apply to the
timing and execution of any stock exercises.

Your car allowance of $858.00/month  will continue to be paid to you through the
end of August 2006.  Effective June 26, 2006, you will no longer be eligible for
personal use of Company  merchandise under the Officer Evaluation Program (OEP).
You may  retain  any OEP  products  in your  possession  and the  value of these
products will be treated as income and reported as such for the current calendar
year. In addition,  effective  June 26, 2006, you will no longer be eligible for
the financial  planning  allowance,  except to the extent that you have incurred
costs for financial  planning  services up to and including  June 26, 2006.  Any
amounts  currently  outstanding as of the date of this Letter  Agreement will be
paid in full by the  Company.  In  addition  all  other  perquisites  that  were
commensurate  with the position of Executive Vice President and Chief  Marketing
Officer  of the  Company  will  be  forfeited  as of the  date  of  this  Letter
Agreement.

NonCompetition and NonSolicitation

For a period of two (2) years following the last day of the your employment, you
shall not directly or  indirectly  compete  with the Company by  engaging,  in a
competitive  capacity,  in any  business  that is engaged in the same or similar
business of the Company in one or more Metropolitan  Statistical Areas ("MSAs"),
specifically  including Amazon, Best Buy, CompUSA,  Dell, Radio Shack,  Tweeter,
and Wal-Mart.  A business will not be considered to be in  competition  with the
Company for purposes of this paragraph or the paragraph below if:

                  (i)      The business or the operating unit of the business in
                           which  you  are   employed  or  with  which  you  are
                           associated  (collectively the "Business Unit") is not
                           engaged in the retail sales of consumer electronics;

                  (ii)     If sales of the Business  Unit's products or services
                           in  the  retail   sales  and   service  of   consumer
                           electronics constitute less than ten percent (10%) of
                           such Business Unit's sales; or

                  (iii)    If the sales of the Business Unit in the retail sales
                           and service of  consumer  electronics  do  constitute
                           more  than  ten  percent  (10%)  of the  sales of the
                           Business Unit, but the Business Unit solely  operates
                           outside of North America.

Notwithstanding  the  foregoing,  nothing  herein  shall be deemed to prevent or
limit  your  right to invest in the  capital  stock or other  securities  of any
corporation  whose  stock or  securities  are  regularly  traded  on any  public
exchange,  nor shall  anything  herein  contained  be deemed to prevent you from
investing in real estate for your own benefit (as long as such investment is not
related to or in support of any entity  engaged in the same or similar  business
as the Company in competition with the Company in one or more MSA's in which the
Company was doing business during your employment).

For a period of two (2) years  following  the last day of your  employment,  you
shall not directly or  indirectly  compete  with the Company by  engaging,  in a
competitive capacity, in any business engaged in the same or similar business of
the Company in one or more MSAs where, on the last day of your  employment,  the
Company is engaged in real  estate site  selection  or has taken  further  steps
toward the commencement of operations in the future, of which you are aware.

You agree that  competition  shall include,  but not be limited to,  engaging in
competitive activity,  as an individual,  as a partner, as a joint venturer with
any other person or entity,  or as an employee,  agent, or representative of any
other person or entity.

It is the  specific  intent of the  parties  that you shall be  restricted  from
competing  directly or indirectly with any segment of the Company's  business in
which you were  engaged  prior to the last day of your  employment  and from any
segment of the  Company's  business  about  which you  acquired  proprietary  or
confidential information during the course of your employment.

If any provision of this  noncompetition  agreement relating to the time period,
geographic area or scope of restricted  activities  shall be declared by a court
of competent jurisdiction to exceed the maximum time period,  geographic area or
scope of  activities,  as  applicable,  that such  court  deems  reasonable  and
enforceable,  said time period,  geographic area or scope of activities shall be
deemed to be, and  thereafter  shall become,  the maximum time period,  scope of
activities  or largest  geographic  area that such court  deems  reasonable  and
enforceable and this General Release shall  automatically  be considered to have
been amended and revised to reflect such determination.

For a period of two (2) years  following  the last day of your  employment,  you
shall not,  directly or indirectly,  solicit or induce, or attempt to solicit or
induce,  any  employee  of the  Company  to leave  the  Company  for any  reason
whatsoever or hire any individual employed by the Company.  For purposes of this
paragraph,  employee  shall mean any  individual  employed by the Company on the
last day of your employment or within the  three-month  period prior to the last
day of your employment.

You and the Company  have  examined in detail this  Covenant  Not to Compete and
agree  that  the  restraint  imposed  upon  you is  reasonable  in  light of the
legitimate interests of the Company and it is not unduly harsh upon your ability
to earn a livelihood.

The  parties  hereto   acknowledge   that  your  services  were  of  a  special,
extraordinary, and intellectual character which gives you unique value, and that
the business of the Company and its subsidiaries is highly competitive, and that
violation of any of the covenants  provided in this General  Release would cause
immediate,  immeasurable,  and irreparable harm, loss, and damage to the Company
not adequately  compensable by a monetary award.  You acknowledge that the time,
scope of activities and  geographical  area restrained by the provisions of this
General  Release are  reasonable  and do not impose a greater  restraint than is
necessary  to protect  the  goodwill  of the  Company's  business.  You  further
acknowledge that you and the Company have negotiated and bargained for the terms
of this General Release and that you have received  adequate  consideration  for
entering  into  this  General  Release.  In the  event  of any  such  breach  or
threatened breach by you of any one or more of such covenants, the Company shall
be entitled to such  equitable  and  injunctive  relief as may be  available  to
restrain you from  violating  the  provisions  hereof.  Nothing  herein shall be
construed as prohibiting the Company from pursuing any other remedies  available
at law or in equity for such breach or threatened breach, including the recovery
of damages.

In  consideration  for all of the above,  you agree to execute a general release
satisfactory to the Company on the last day of your employment with the Company.
A draft of such a release is attached as Exhibit "A", General Release. We advise
you to review this draft release carefully with the assistance of your attorney.

Should you breach any terms of this  Letter  Agreement,  including  a failure to
execute the attached General Release,  then you agree to pay liquidated  damages
in the amount of $100,000.  You further agree that any disagreement  between you
and the Company  concerning  this Letter  Agreement will be settled by final and
binding  arbitration  pursuant  to  the  Company's  Associate  Issue  Resolution
Program,  the terms of which are  incorporated  by  reference  into this  Letter
Agreement.

By signing  below,  you  acknowledge  that you understand and agree to the above
terms and conditions.

                                                     Very truly yours,
                                                     /s/ Eric A. Jonas, Jr.
                                                     Eric A. Jonas, Jr.
                                                     Senior Vice President
                                                     Human Resources

Seen and Agreed:

/s/ Fiona P. Dias
Fiona P. Dias

June 26, 2006
Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]