Document:

Senior Officer Change in Control Compensation Benefit Plan

 Exhibit 10.1 
 EDDIE BAUER HOLDINGS, INC. SENIOR OFFICER 
 CHANGE IN CONTROL COMPENSATION BENEFITS PLAN

 (Amended and Restated Effective as of December 31, 2008) 
 INTRODUCTION 
 The Board of Directors of Eddie Bauer Holdings, Inc. considers
the maintenance of a sound management to be essential to protecting and enhancing the best interests of the Company (as hereinafter defined) and its stockholders. In this connection, the Company recognizes that the possibility of a Change in Control
(as hereinafter defined) may exist from time to time, and that this possibility, and the uncertainty and questions it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and
its stockholders. Accordingly, the Board (as hereinafter defined) has determined that appropriate steps should be taken to encourage the continued attention and dedication of members of the Company’s management to their assigned duties without
the distraction which may arise from the possibility of a Change in Control of the Company. 
 This Plan does not alter the status of
Participants (as hereinafter defined) as at-will employees of the Company. Just as Participants remain free to leave the employ of the Company at any time, so too does the Company retain its right to terminate the employment of Participants without
notice, at any time, for any reason. However, the Company believes that, both prior to and at the time a Change in Control is anticipated or occurring, it is necessary to have the continued attention and dedication of Participants to their assigned
duties without distraction, and this Plan is intended as an inducement for Participants’ willingness to continue to serve as employees of the Company (subject, however, to either party’s right to terminate such employment at any time).
Therefore, should a Participant still be an employee of the Company at such time, the Company agrees that such Participant shall receive the benefits hereinafter set forth under the circumstances described below in the event of a Change in Control.

 Notwithstanding the foregoing, however, in the event that the Participant is terminated by the Company (other than for Cause (as
hereinafter defined)) within six months prior to a Change in Control, but subsequent to such time as negotiations or discussions which ultimately lead to a Change in Control have commenced, then such termination shall be deemed to be a termination
which entitles such Participant to the benefits hereinafter set forth. 
 ARTICLE I. ESTABLISHMENT OF PLAN 
 As of the Effective Date (as hereinafter defined), the Company established the Change in Control compensation plan known as the Eddie Bauer Holdings,
Inc. Senior Officer Change in Control Compensation Benefits Plan, as set forth in this document. The Company amended and restated the Plan effective June 23, 2006 to add a Tier IV Participant classification that covers Divisional
Vice-Presidents as provided herein. The Company hereby amends and restates this Plan effective December 31, 2008 to conform certain provisions to the final regulations promulgated under Section 409A of the Code. 

 ARTICLE II. DEFINITIONS 
 As used herein the following words and phrases shall have the following respective meanings unless the context clearly indicates otherwise. 

Section 2.1 Affiliate. Any entity which controls, is controlled by or is under common control with the Company. 
 Section 2.2 Annual Bonus Amount. The greater of: 
 (a) the Participant’s target annual bonus for the fiscal year in which the Measurement Date occurs (which for purposes of computing the benefits described in Section 4.1 and Section 4.2 in no event
shall be less than the Participant’s target bonus for the fiscal year in which the Change in Control occurs); or 
 (b)
the average annual bonus, including any bonus or portion thereof that has been earned but deferred (and annualized for any fiscal year consisting of less than 12 full months or during which the Participant was employed for less than 12 full months),
the Participant received from the Company, if any, during the three full fiscal years of the Company immediately preceding the Measurement Date, or such lesser number of fiscal years during which the Participant was employed with the Company or an
Affiliate. 
 Section 2.3 Base Salary. The highest base annual salary in effect at any time during the 12 months immediately preceding
the Date of Termination. 
 Section 2.4 Beneficial Owner. “Beneficial Owner” has the meaning assigned to such term in
Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” shall
be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of
time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 Section 2.5 Benefit
Multiplier. The multiple based on the Participant’s position immediately prior to the Date of Termination (disregarding any reduction in position that constitutes Good Reason) that is applied to determine the Separation Benefit. The Benefit
Multipliers shall be as follows for the Participant classifications described below: 
 (a) Tier 1 Participant: Three.

 (b) Tier 2 Participant: Two. 
 (c) Tier 3 Participant: One. 
 (d) Tier 4 Participant: 75%. 
 Section 2.6 Board. The Board of Directors of the Company. 
  

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 Section 2.7 Cause. With respect to any Participant: (a) if the Participant is a party to an
employment or service agreement or employment policy manual with the Company or its Affiliates and such agreement or policy manual provides for a definition of Cause, as defined therein and (b) in addition thereto with respect to all
Participants, (i) the commission of, or plea of guilty or no contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance or material fiduciary breach with respect to the Company or
an Affiliate, (ii) conduct tending to bring the Company into substantial public disgrace, or disrepute, (iii) gross negligence or willful misconduct with respect to the Company or an Affiliate or (iv) material violation of state or
federal securities laws. The Board or its delegate, in its absolute discretion, shall determine the effect of all matters and questions relating to whether a Participant has been discharged for Cause. 
 Section 2.8 Change in Control. Change in Control shall mean: 
 (a) The direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the properties or assets of the Company to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act); 
 (b) The Incumbent Directors cease for any reason to constitute at least a majority of the Board; 
 (c) The adoption of a plan relating to the liquidation or dissolution of the Company; or 
 (d) Any “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the Exchange Act) becomes the
Beneficial Owner, directly or indirectly, of securities of the Company representing more than 35% of the combined voting power of the Company’s then outstanding securities eligible to vote for the election of the Board (the “Company Voting
Securities”); or 
 (e) The consummation of a merger, consolidation, statutory share exchange or similar form of
corporate transaction involving the Company or any of its Subsidiaries that requires the approval of the Company’s stockholders, whether for such transaction or the issuance of securities in the transaction (a “Business Combination”),
unless immediately following such Business Combination: (1) 65% or more of the total voting power of (i) the Surviving Corporation, or (ii) if applicable, the ultimate Parent Corporation that directly or indirectly has beneficial
ownership of 100% of the voting securities eligible to elect directors of the Surviving Corporation, is represented by Company Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable, is represented
by shares into which such Company Voting Securities were converted pursuant to such Business Combination), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such Company Voting Securities
among the holders thereof immediately prior to the Business Combination, (2) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation), is or becomes the
beneficial owner, directly or indirectly, of more than 35% of the total voting power of the outstanding voting securities eligible to elect directors of the Parent Corporation (or, if there is 

  

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no Parent Corporation, the Surviving Corporation) and (3) at least a majority of the members of the board of directors of the Parent Corporation (or if
there is no Parent Corporation, the Surviving Corporation) following the consummation of the Business Combination were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for such Business
Combination (any Business Combination which satisfies all of the criteria specified in (1), (2) and (3) above shall be deemed to be a “Non-Qualifying Transaction”). 
 The foregoing notwithstanding, a transaction shall not constitute a Change in Control if (i) its sole purpose is to change the state of the
Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction; (ii) it constitutes a secondary
public offering that results in any security of the Company being listed (or approved for listing) on any securities exchange or designated (or approved for designation) as a national market security on an interdealer quotation system; (iii) it
constitutes a change in Beneficial Ownership that results from a change in ownership of an existing stockholder; or (iv) solely because 35% or more of the total voting power of the Company’s then outstanding securities is acquired by
(A) a trustee or other fiduciary holding securities under one or more employee benefit Plans of the Company or any Affiliate, or (B) any company which, immediately prior to such Business Combination, is owned directly or indirectly by the
stockholders of the Company in substantially the same proportion as their ownership of stock in the Company immediately prior to such acquisition. 
 Section 2.9 Code. The Internal Revenue Code of 1986, as amended from time to time. 
 Section 2.10 Company. Eddie
Bauer Holdings, Inc. and any successor thereto. 
 Section 2.11 Date of Termination. The effective date specified in the Notice of
Termination as of which the Participant’s employment terminates (which shall be not less than 30 days nor more than 60 days after the date such Notice of Termination is given). 
 Section 2.12 Disability. A condition such that the Participant by reason of physical or mental disability becomes unable to perform his normal
duties for more than 180 days in the aggregate (excluding infrequent or temporary absence due to ordinary transitory illness) during any 12-month period. 
 Section 2.13 Effective Date. The Effective Date of the Plan shall be October 24, 2005. This amendment and restatement of the Plan shall be effective December 31, 2008. 
 Section 2.14 Employee. Any full-time, regular-benefit, non-bargaining employee of the Company or an Affiliate. 
 Section 2.15 ERISA. The Employee Retirement Income Security Act of 1974, as amended from time to time. 
 Section 2.16 Exchange Act. The Securities Exchange Act of 1934, as amended, or any successor statute. 
  

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 Section 2.17 Good Reason. With respect to any Participant, without such Participant’s written
consent, (i) the Participant’s position, authority, duties or responsibilities are materially diminished from those in effect during the 90-day period immediately preceding a Change in Control (whether or not occurring solely as a result
of the Company ceasing to be a publicly-traded entity); (ii) the Company materially reduces the Participant’s annual base salary or target incentive opportunity under the Company’s annual incentive plan, or materially reduces the
Participant’s target incentive opportunity under a Performance Award granted under the terms of the Company’s 2005 Stock Incentive Plan, as Amended and Restated April 29, 2007, or any other long-term incentive plan maintained by the
Company, each such target incentive opportunity as in effect during the 90-day period immediately prior to the Change in Control, or as the same may be increased from time to time, unless such target incentive opportunity is replaced by a
substantially equivalent substitute opportunity; (iii) the Company materially reduces the aggregate level of employee benefits offered to the Participant from those in effect during the 90-day period immediately preceding the Change in Control,
or as the same may be increased from time to time, other than any reduction applicable to all eligible Employees; (iv) the Company requires the Participant regularly to perform his duties of employment beyond a 50-mile radius from the location
of the Participant’s employment immediately prior to the Change in Control; (v) the Company fails to obtain the express assumption and agreement of any successor to perform this Plan, as contemplated by Article VI hereof; or (vi) the
Company purports to terminate the Participant’s employment other than pursuant to a Notice of Termination which satisfies the requirements of Section 4.1 (and, for purposes of this Plan, no such purported termination shall be effective).

 The foregoing notwithstanding, a condition shall constitute Good Reason only if the Participant provides a Notice of Termination
describing such condition to the Company within 90 days of the initial existence of such condition, and the Company fails to remedy the condition within 30 days of the Company’s receipt of such Notice of Termination. 
 Section 2.18 Incumbent Directors. Individuals who, on the Effective Date, constitute the Board, provided that any individual becoming a Director
subsequent to the Effective Date whose election or nomination for election to the Board was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of
the Company in which such person is named as a nominee for Director without objection to such nomination) shall be an Incumbent Director. No individual initially elected or nominated as a director of the Company as a result of an actual or
threatened election contest with respect to Directors or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than the Board shall be an Incumbent Director. 
 Section 2.19 Long-Term Incentive Amount. An amount payable under any outstanding Performance Award that measures performance over a period in
excess of one year equal to the greatest of: 
 (a) Participant’s target long-term incentive opportunity for each
outstanding Performance Award in effect on the Measurement Date; 
  

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 (b) the average annual Performance Award payout, including any portion thereof that has
been earned but deferred (and annualized for any fiscal year consisting of less than 12 full months or during which the Participant was employed for less than 12 full months), the Participant received from the Company, if any, during the three full
fiscal years of the Company immediately preceding the Measurement Date, or such lesser number of fiscal years during which the Participant was employed with the Company or an Affiliate; and 
 (c) the amount determined under the Performance Award based on the performance to date for the performance period that includes the
Measurement Date. 
 Section 2.20 Measurement Date. If a Participant’s employment is terminated under circumstances which entitle
the Participant to Separation Benefits under Section 4.1, the Measurement Date shall be the Date of Termination. With respect to a Participant’s entitlement to Other Benefits under Section 4.2, Measurement Date shall be the Change in
Control date. However, the Measurement Date for Other Benefits in the case of a Participant whose employment is terminated prior to a Change in Control in a manner that entitles such Participant to Separation Benefits under Section 4.1 shall be
the Date of Termination. 
 Section 2.21 Notice of Termination. Notice that shall indicate the specific termination provision in this
Plan (if any) relied upon and set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Participant’s employment. 
 Section 2.22 Other Benefits. The benefits described in Section 4.2 that are provided to qualifying Participants under the Plan upon a Change in Control. 
 Section 2.23 Participant. An individual who qualifies as such pursuant to Section 3.1. 
 Section 2.24 Performance Award. A Performance Award is (a) an award under the Company’s 2005 Stock Incentive Plan or any other long-term
incentive plan entitling the recipient to acquire cash, actual shares of Common Stock or hypothetical Common Stock units having a value equal to the fair market value of an identical number of shares of Common Stock upon the attainment of specified
performance goals, or (b) an award under any other long-term incentive plan maintained by the Company that determines a benefit by measuring performance over a period in excess of one year. 
 Section 2.25 Plan. The Eddie Bauer Holdings, Inc. Senior Officer Change in Control Compensation Benefits Plan, as Amended and Restated
December 31, 2008. 
 Section 2.26 Separation Benefits. The benefits described in Section 4.1 that are provided to
qualifying Participants under the Plan. 
 Section 2.27 Tier 1 Participant. The Chief Executive Officer of the Company. 
 Section 2.28 Tier 2 Participant. A Senior Vice President of the Company. 
 Section 2.29 Tier 3 Participant. A Vice President of the Company or an Affiliate. 
 Section 2.30 Tier 4 Participant. A Divisional Vice President of the Company or an Affiliate. 
  

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 ARTICLE III. ELIGIBILITY 
 Section 3.1 Participation. Participants in the Plan are officers of the Company or an Affiliate who are at or above the level of Divisional Vice
President and have been designated by the Board and have signed a participation agreement acknowledging the terms and conditions of the Plan; provided that such Participants will not be entitled to benefits under the Plan if they are not at
or above the level of Divisional Vice President at the time of the Change in Control; provided further that any reduction of a Participant’s position prior to, but in connection with, a Change in Control shall be of no effect for
purposes of this Section 3.1. Notwithstanding the foregoing, a Participant shall not be entitled to receive benefits under the Plan if the Participant has entered into an employment or other agreement with the Company that provides change in
control benefits similar to the type of benefits provided by this Plan, which benefits have not been waived by the Participant or terminated by the Company prior to becoming a Participant in this Plan. 
 Section 3.2 Duration of Participation. A Participant shall only cease to be a Participant in the Plan as a result of an amendment or termination
of the Plan complying with Article VI of the Plan, or when he or she ceases to be an Employee or no longer qualifies as a Participant under Section 3.1, unless, at the time he or she ceases to be an Employee or no longer qualifies as a
Participant under Section 3.1, such Participant is entitled to payment of benefits as provided in the Plan or there has been an event or occurrence constituting Good Reason that would enable the Participant to terminate his employment and
receive benefits under the Plan. A Participant entitled to payment of amounts under the Plan shall remain a Participant in the Plan until the full amount of such benefits payable under the Plan have been paid to the Participant. 
 ARTICLE IV. CHANGE IN CONTROL BENEFITS 
 Section 4.1 Separation Benefits. 
 (a) A Participant shall be entitled to Separation Benefits as set forth in
this Section 4.1 if, at any time within six months prior to a Change in Control, but subsequent to such time as negotiations or discussions which ultimately lead to a Change in Control have commenced, or following a Change in Control and prior
to the second anniversary of the Change in Control, the Participant’s employment is terminated (i) involuntarily for any reason other than Cause, death, Disability or retirement under a mandatory retirement policy of the Company or any of
its Subsidiaries or (ii) by the Participant within two years after the initial existence of one or more conditions giving rise to Good Reason, but not later than 90 days after the initial existence of the condition that is asserted as the basis
for the Good Reason termination. For purposes of this Plan, any purported termination by the Company or by the Participant shall be communicated by written Notice of Termination to the other in accordance with Section 7.5 hereof. 
 (b) If a Participant’s employment is terminated under circumstances which entitle the Participant to Separation Benefits under this
Section 4.1, then the Company shall pay to the Participant, in a lump sum in cash within 15 days after the Date of Termination (unless a later payment date is mandated by Section 409A(2)(B)(i) and Section 4.3 hereof), the aggregate of
the following amounts, which benefits, except as provided in Section 7.4 below, shall be in addition to any other benefits to which the Participant is entitled other than by reason of this Plan: 
 (i) unpaid salary with respect to any vacation days accrued but not taken as of the Date of Termination; 
  

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 (ii) accrued but unpaid salary through the Date of Termination; 
 (iii) any earned but unpaid annual incentive bonuses from the fiscal year immediately preceding the year in which the Date of Termination
occurs; 
 (iv) if the Date of Termination occurs subsequent to a fiscal year in which the Change in Control occurs, an amount
equal to the product of (A) the greater of (1) the Participant’s Annual Bonus Amount for the fiscal year in which the Date of Termination occurs and (2) the annual bonus amount determined based on the performance to date for the
performance period that includes the Measurement Date, multiplied by (B) a fraction, the numerator of which is the number of days in the then current fiscal year through the Date of Termination and the denominator of which is 365; and

 (v) an amount equal to the product of the Benefit Multiplier times the sum of the Participant’s Base Salary and Annual
Bonus Amount. 
 (c) If the Participant’s employment is terminated under circumstances which entitle the Participant to
Separation Benefits under this Section 4.1, for the period equal to the number of years times the applicable Benefit Multiplier after the Date of Termination, or such longer period as may be provided by the terms of the appropriate plan,
program, practice or policy, the Company shall continue health, medical, term life and long-term disability insurance benefits to the Participant and/or the Participant’s family at least equal to those that would have been provided in
accordance with the health, medical, term life and long-term disability insurance plans, programs, practices and policies of the Company immediately prior to the Change in Control if the Participant’s employment had not been terminated on the
same terms and conditions (including any applicable required employee contributions), provided, however, that, if the Participant becomes reemployed with another employer and becomes eligible to receive medical or other welfare
benefits under another employer provided plan, the medical and other welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. If the terms of the applicable plan,
program, practice or policy do not permit the participation of the Participant or the Participant’s family, then the Company shall, upon the Participant’s satisfactory substantiation of his or her prior payment of such cost, reimburse the
Participant for the cost of substantially similar coverage to the benefits provided under such plan, program, practice or policy under the terms of an individual policy obtained by the Participant. Following the end of the period during which
medical benefits are provided to the Participant under this Section 4.1(c), the Participant shall be eligible for any remaining period of continued health coverage that may be required by Section 4980B of the Code or other applicable law,
based on a qualifying event occurring on the Participant’s Date of Termination. 
  

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 (d) If the Participant’s employment is terminated under circumstances which entitle
the Participant to Separation Benefits under this Section 4.1, then for the shorter of (i) the period equal to the number of years times the applicable Benefit Multiplier after the Date of Termination, or (ii) the period ending on the
last day of the second calendar year following the calendar year of the Participant’s Date of Termination, a Tier 1 Participant and a Tier 2 Participant shall be entitled to a reasonable amount of outplacement services, the scope and provider
of which shall be selected by the Participant in his or her sole discretion. The maximum aggregate amount of outplacement services provided hereunder will not exceed $50,000 for a Tier 1 Participant and $25,000 for a Tier 2 Participant and shall be
limited to services actually incurred. 
 (e) Except as provided in Section 4.1(c) with respect to medical or other
welfare benefits, the Participant shall not be required to mitigate the amount of any payment provided for in this Section 4.1 by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this
Section 4.1 be reduced by any compensation earned by the Participant as the result of employment by another employer or by retirement benefits after the Date of Termination, or otherwise, or by any set-off, counterclaim, recoupment, or other
claim, right or action the Company may have against the Participant or others. 
 (f) To the extent that any payments or
reimbursements provided to a Participant under Section 4.1(c) or Section 4.1(d) are deemed to constitute compensation to Participant that are treated as a deferral of compensation within the meaning of Code Section 409A, such amounts
shall be paid or reimbursed reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. The amount of any such payments or expense reimbursements that constitute compensation in one year
shall not affect the amount of payments or expense reimbursements constituting compensation that are eligible for payment or reimbursement in any subsequent year, and Participant’s right to such payments or reimbursement of any such expenses
shall not be subject to liquidation or exchange for any other benefit. 
 Section 4.2 Other Benefits. Upon a Change in Control or, in
the event a Participant’s employment is terminated prior to a Change in Control in a manner that entitles a Participant to Separation Benefits under Section 4.1, the Participant shall be entitled to (a) the immediate vesting of all
previously granted awards of options, stock appreciation rights, restricted stock, and restricted stock units under any equity compensation plan or arrangement maintained by the Company that are outstanding at the time of the Change in Control or
the Date of Termination, as the case may be; (b) a Long-Term Incentive Amount; and (c) an amount equal to the greater of (i) the Participant’s Annual Bonus Amount for the performance period in which the Measurement Date occurs
and (ii) the amount determined under the annual bonus based on the performance to date for the performance period that includes the Measurement Date. 
 Section 4.3 Requirement to Defer Payment Under Section 409A. 
 (a) This Plan
shall be administered and interpreted to maximize the short-term deferral exception to Section 409A of the Code, and no Participant shall, directly or indirectly, designate the taxable year of a payment made under this Plan. The portion of any
payment under this Plan that is paid within the “short-term deferral period” within the meaning of 

  

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Treasury Regulation Section 1.409A-1(b)(4) shall be treated as a short term deferral and not aggregated with other plans or payments. Any other portion
of the payment that does not meet the short term deferral requirement shall, to the maximum extent possible, be deemed to satisfy the exception from Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) for involuntary separation pay and shall not
be aggregated with any other payment. Any right to a series of installment payments pursuant to this Plan is to be treated as a right to a series of separate payments. Any amount that is paid as a short-term deferral within the meaning of Treasury
Regulation Section 1.409A-1(b)(4), or within the involuntary separation pay limit under Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) shall be treated as a separate payment. Payment dates provided for in this Plan shall be deemed to
incorporate “grace periods” within the meaning of Section 409A of the Code. 
 (b) Notwithstanding anything to
the contrary in Section 4.1 or Section 4.2 hereof, in the event any Separation Benefits or Other Benefits under this Plan are determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning
of Section 409A of the Code, and a Participant is determined, in accordance with Treasury Regulations Section 1.409A-1(i), to be a specified employee as defined in Section 409A(2)(B)(i) of the Code, such amounts will be paid on the
date which is six months after the Participant’s Date of Termination. Although it is contemplated that Separation Benefits or Other Benefits resulting from an involuntary termination of employment without Cause or a termination by the
Participant for Good Reason will be short-term deferrals or will otherwise not constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code, such treatment may not be available in all instances. The
determination of whether and what amount of the Separation Benefits or Other Benefits constitute deferred compensation and whether a Participant is a specified employee within the meaning of Section 409A(2)(B)(i) of the Code shall be determined
by the Board or its delegate and any such determination shall be final and binding on the Company and the Participants, unless such decisions are determined to be arbitrary and capricious by a court having jurisdiction. The Company makes no
representation and the Company shall have no liability to any Participant or any other person if any Separation Benefits or Other Benefits provided pursuant to the terms of the Plan are determined to constitute “nonqualified deferred
compensation” within the meaning of Section 409A of the Code and the payment terms of such Separation Benefits or Other Benefits do not satisfy the additional conditions applicable to nonqualified deferred compensation under
Section 409A of the Code and this Section 4.3. 
 Section 4.4 Certain Additional Payments by the Company. 
 (a) Anything in this Plan to the contrary notwithstanding and except as set forth below, in the event it shall be determined that any
Payment (as hereinafter defined) would be subject to the Excise Tax (as hereinafter defined), then the Participants shall be entitled to receive an additional payment (the “Gross-Up Payment”) in an amount such that, after
payment by the Participant of all taxes (and any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto), employment taxes and Excise
Tax imposed upon the Gross-Up Payment, the Participant retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Notwithstanding the foregoing provisions of this Section 4.4(a), if it shall be determined that
a Tier 3 or a Tier 4 Participant is entitled to the Gross-Up Payment, but that the 

  

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Parachute Value (as hereinafter defined) of all Payments do not exceed 110% of the Safe Harbor Amount (as hereinafter defined), then no Gross-Up Payment
shall be made to the Participant and the amounts payable under this Plan shall be reduced so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount. The reduction of the amounts payable hereunder, if applicable,
shall be made by first reducing the payments under Section 4.1(b)(v), unless an alternative method of reduction is elected by the Participant, and in any event shall be made in such a manner as to maximize the Value (as hereinafter defined) of
all Payments actually made to the Participant. For purposes of reducing the Payments to the Safe Harbor Amount, only amounts payable under this Plan (and no other Payments) shall be reduced. If the reduction of the amount payable under this Plan
would not result in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Plan shall be reduced pursuant to this Section 4.4(a). The Company’s obligation to make Gross-Up Payments under
this Section 4.4(a) shall not be conditioned upon the Participant’s termination of employment. 
 (b) Subject to the
provisions of Section 4.4(c), all determinations required to be made under this Section 4.4, including whether and when a Gross-Up Payment is required, the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at
such determination, shall be made by a nationally recognized certified public accounting firm designated by the Company (the “Accounting Firm”). The Accounting Firm shall provide detailed supporting calculations both to the
Company and the Participant within 15 business days of the receipt of notice from the Participant that there has been a Payment or such earlier time as is requested by the Company. In the event that the Accounting Firm is serving as accountant or
auditor for the individual, entity or group effecting the Change in Control, the Company may, but shall not be required to, appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm
shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Section 4.4, shall be paid by the Company to
the Participant within 10 days of the receipt of the Accounting Firm’s determination. Any determination by the Accounting Firm shall be binding upon the Company and the Participant. As a result of the uncertainty in the application of
Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments that will not have been made by the Company should have been made (the
“Underpayment”), consistent with the calculations required to be made hereunder. In the event the Company exhausts its remedies pursuant to Section 4.4(c) and the Participant thereafter is required to make a payment of
any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Participant. 
 (c) The Participant shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require
the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable, but no later than 10 business days after the Participant is informed in writing of such claim. The Participant shall apprise the Company of
the nature of such claim and the date on which such claim is requested to be paid. The Participant shall not pay such claim prior to the expiration of the 30-day period following the date on which the Participant gives such notice to the Company (or
such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Participant in writing prior to the expiration of such period that the Company desires to contest such claim, the
Participant shall: 
 (i) give the Company any information reasonably requested by the Company relating to such claim,

  

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 (ii) take such action in connection with contesting such claim as the Company shall
reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 
 (iii) cooperate with the Company in good faith in order to effectively contest such claim, and 
 (iv) permit the Company to participate in any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with
such contest, and shall indemnify and hold the Participant harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties) imposed as a result of such representation and payment of costs and expenses. Without
limitation on the foregoing provisions of this Section 4.4(c), the Company shall control all proceedings taken in connection with such contest, and, at its sole discretion, may pursue or forgo any and all administrative appeals, proceedings,
hearings and conferences with the applicable taxing authority in respect of such claim and may, at its sole discretion, either direct the Participant to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the
Participant agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that, if the
Company directs the Participant to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Participant, on an interest-free basis, and shall indemnify and hold the Participant harmless, on an after-tax basis,
from any Excise Tax or income tax (including interest or penalties) imposed with respect to such advance or with respect to any imputed income in connection with such advance; and provided further, that any extension of the statute of
limitations relating to payment of taxes for the Participant’s taxable year with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest
shall be limited to issues with respect to which the Gross-Up Payment would be payable hereunder, and the Participant shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other
taxing authority. 
 (d) If, after the receipt by the Participant of an amount advanced by the Company pursuant to
Section 4.4(c), the Participant becomes entitled to receive any refund with respect to such claim, the Participant shall (subject to the Company’s complying with the requirements of Section 4.4(c)) promptly pay to the Company the
amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Participant of an amount advanced by the Company pursuant to Section 4.4(c), a 

  

 12 

 
determination is made that the Participant shall not be entitled to any refund with respect to such claim and the Company does not notify the Participant in
writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent
thereof, the amount of Gross-Up Payment required to be paid. 
 (e) Notwithstanding any other provision of this
Section 4.4, the Company may, in its sole discretion, withhold and pay over to the Internal Revenue Service or any other applicable taxing authority, for the benefit of the Participant, all or any portion of the Gross-Up Payment, and the
Participant hereby consents to such withholding; provided that such withholding and payment shall in no event place the Participant in a less favorable tax position than had such payments been made to the Participant by the Company.

 (f) Notwithstanding any other provision of this Section 4.4, the Company shall complete payment of any Gross-Up
Payment or Underpayment under this Section 4.4, and the Participant shall complete payment to the Company of any refund under Section 4.4(d), no later than the end of the calendar year next following the calendar year in which the
Participant remits the Excise Tax. 
 (g) Definitions. The following terms shall have the following meanings for
purposes of this Section 4.4. 
 (i) “Excise Tax” shall mean the excise tax imposed by
Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax. 
 (ii) The
“Net After-Tax Amount” of a Payment shall mean the Value of a Payment net of all taxes imposed on the Participant with respect thereto under Sections 1 and 4999 of the Code and applicable state and local law, determined by
applying the highest marginal rates that are expected to apply to the Participant’s taxable income for the taxable year in which the Payment is made. 
 (iii) Parachute Value” of a Payment shall mean the present value as of the date of the change in control for purposes of Section 280G of the Code of the portion of such Payment that constitutes
a “parachute payment” under Section 280G(b)(2), as determined by the Accounting Firm for purposes of determining whether and to what extent the Excise Tax will apply to such Payment. 
 (iv) A “Payment” shall mean any payment or distribution in the nature of compensation (within the meaning of
Section 280G(b)(2) of the Code) to or for the benefit of the Participant, whether paid or payable pursuant to this Plan or otherwise. 
 (v) The “Safe Harbor Amount” means the maximum Parachute Value of all Payments that the Participant can receive without any Payments being subject to the Excise Tax. 
 (vi) “Value” of a Payment shall mean the economic present value of a Payment as of the date of the change in
control for purposes of Section 280G of the Code, as determined by the Accounting Firm using the discount rate required by Section 280G(d)(4) of the Code. 
  

 13 

 Section 4.5 Change in Control Required. The provisions of this Article IV shall be applicable
after a Change in Control has occurred, but not prior thereto. 
 Section 4.6 Amendment to Reduce Benefits. This Plan may not be
terminated or amended to reduce or eliminate any benefit provided under this Section 4 at any time following the occurrence of an event described in Section 2.8 of this Plan. 
 ARTICLE V. SUCCESSOR TO COMPANY 
 This Plan shall bind any successor of the
Company, its assets or its businesses (whether direct or indirect, by purchase, merger, consolidation or otherwise), in the same manner and to the same extent that the Company would be obligated under this Plan if no succession had taken place. In
the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Plan, the Company shall require such successor expressly and unconditionally to assume and agree to perform the
Company’s obligations under this Plan, in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. The term “Company,” as used in this Plan, shall mean
the Company as heretofore defined and any successor or assignee to the business or assets which by reason hereof becomes bound by this Plan. 
 ARTICLE VI. DURATION, AMENDMENT AND TERMINATION 
 Section 6.1 Duration. If a Change in Control has not occurred, this
Plan shall expire three years from the Effective Date; provided that upon each annual anniversary of the Effective Date (each such annual anniversary a “Renewal Date”), the Plan shall be extended for an additional
year, unless pursuant to a resolution adopted by the Board prior to the Renewal Date the Company determines not to so extend the Plan. If a Change in Control occurs while this Plan is in effect, this Plan shall continue in full force and effect for
at least two years following such Change in Control, and shall not terminate or expire until after all Participants who become entitled to any payments hereunder shall have received such payments in full. 
 Section 6.2 Amendment or Termination. The Board may amend or terminate this Plan at any time, including amending the eligibility to participate in
the Plan of Employees who are not existing Participants; provided that this Plan may not be amended or terminated in a manner adverse to Participants as of the date of the amendment or termination without one year’s advance written
notice of such amendment or termination (including modifying the eligibility of Employees who are already Participants to participate in the Plan) or the written consent of the affected Participants. 
 Section 6.3 Procedure for Extension, Amendment or Termination. Any extension, amendment or termination of this Plan by the Board in accordance
with this Article VI shall be made by action of the Board in accordance with the Company’s charter and by-laws and applicable law. 
  

 14 

 ARTICLE VII. MISCELLANEOUS 
 Section 7.1 Default in Payment. Any payment not made within 15 days after it is due in accordance with this Plan shall thereafter bear interest,
compounded annually, at the prime rate then in effect as published in the Wall Street Journal or any successor thereto. 
 Section 7.2
No Assignment. No interest of any Participant or spouse of any Participant or any other beneficiary under this Plan, or any right to receive payment hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment,
garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or other claims against, a
Participant or spouse of a Participant or other beneficiary, including for alimony. 
 Section 7.3 Disputes. As a condition to
Participation, Participant shall be required to agree to the arbitration provisions of this Section 7.3. Any controversy, claim or dispute of whatever nature arising between the parties arising out of or relating to this Plan or the
construction, interpretation, performance, breach, termination, enforceability or validity of this Plan or the arbitration provisions contained in this Plan, including the determination of the scope of the agreement to arbitrate, shall be determined
by arbitration in Seattle, Washington, by one arbitrator in accordance with the Executive Employment Arbitration Rules of the American Arbitration Association (the “AAA”), except that (a) every person named on all lists
of potential arbitrators shall be a neutral and impartial lawyer with excellent academic and professional credentials (i) who has practiced law for at least 15 years, specializing in either executive compensation or general corporate and
commercial matters, with experience in the field of executive compensation and (ii) who has had experience, and is generally available to serve, as an arbitrator, and (b) each party shall be entitled to strike on a peremptory basis, for
any reason or no reason, any or all of the names of potential arbitrators on any list submitted to the parties by the AAA as well as any person selected by the AAA to serve as an arbitrator by administrative appointment. In the event the parties
cannot agree on the selection of the arbitrator from the one or more lists submitted by the AAA within 30 days after the AAA transmits to the parties its first list of potential arbitrators, the parties will be given an opportunity to submit names
of potential arbitrators who are not on the AAA lists and choose an arbitrator under the same procedure. In the event the parties still cannot agree on the selection of the arbitrator, the selection of the arbitrator shall be made by the AAA from
the remaining nominees in accordance with the parties’ mutual order of preference, or by random selection in the absence of a mutual order of preference. The arbitrator(s) shall base their award on applicable law and judicial precedent, shall
include in such award the findings of fact and conclusions of law upon which the award is based and shall not grant any remedy or relief that a court could not grant under applicable law. Judgment on the award rendered by the arbitrator(s) may be
entered in any court having jurisdiction thereof. The prevailing party in any such arbitration shall be entitled to an award of reasonable out-of-pocket expenses, including legal fees and expenses, incurred in connection with the resolution of the
dispute, to enforce this Plan or to construe, or to determine or defend the validity of, this Plan or otherwise in connection herewith. 
  

 15 

 Section 7.4 Effect on Other Plans, Agreements and Benefits. Except to the extent expressly set
forth herein, any benefit or compensation to which a Participant is entitled under any agreement between the Participant and the Company or any of its Subsidiaries or under any plan maintained by the Company or any of its Subsidiaries in which the
Participant participates or participated shall not be modified or lessened in any way, but shall be payable according to the terms of the applicable plan or agreement. Notwithstanding the foregoing, any benefits received by a Participant pursuant to
this Plan shall be in lieu of any severance benefits to which the Participant would otherwise be entitled under any general severance policy or other severance plan maintained by the Company for its management personnel. In the event of a
Participant’s termination of employment entitling the Participant to Separation Benefits under Section 4.2, any non-competition or non-solicitation provisions applicable to the Participant with respect to the Company or any of its
Affiliates shall cease to apply as of the Participant’s Date of Termination. 
 Section 7.5 Notice. For the purpose of this Plan,
notices and all other communications provided for in this Plan shall be in writing and shall be deemed to have been duly given when actually delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed
to the Company at its corporate headquarters address, and to the Participant (at the last address of the Participant on the Company’s books and records), provided that all notices to the Company shall be directed to the attention of the
Board with a copy to the Secretary. 
 Section 7.6 Employment Status. This Plan does not constitute a contract of employment or impose
on the Participant or the Company any obligation for the Participant to remain an Employee or change the status of the Participant’s employment or the policies of the Company and its Affiliates regarding termination of employment. 

Section 7.7 Named Fiduciary; Administration. The Company is the named fiduciary of the Plan, and shall administer the Plan, acting through the
Compensation Committee of the Board, or its delegate. 
 Section 7.8 Unfunded Plan Status. This Plan is intended to be an unfunded
plan maintained for a select group of management or highly compensated employees, within the meaning of Section 401 of ERISA. All payments pursuant to the Plan shall be made from the general funds of the Company and no special or separate fund
shall be established or other segregation of assets made to assure payment. No Participant or other person shall have under any circumstances any interest in any particular property or assets of the Company as a result of participating in the Plan.
Notwithstanding the foregoing, the Company may (but shall not be obligated to) create one or more grantor trusts, the assets of which are subject to the claims of the Company’s creditors, to assist it in accumulating funds to pay its
obligations under the Plan. 
 Section 7.9 Validity and Severability. The invalidity or unenforceability of any provision of the Plan
shall not affect the validity or enforceability of any other provision of the Plan, which shall remain in full force and effect, and any prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. 
 Section 7.10 Governing Law. The validity, interpretation, construction and performance of the Plan shall
in all respects be governed by the laws of the State of Delaware, without reference to principles of conflict of law, except to the extent pre-empted by federal law. 
  

 16 

 Section 7.11 Execution. To record the adoption of the Plan by the Board, the Company has caused
its authorized officer to execute the Plan as of the date specified below. 
 [SIGNATURE PAGE FOLLOWS] 
  

 17 

 IN WITNESS WHEREOF, upon authorization of the Board of Directors, the undersigned has caused the
amendment and restatement of the Eddie Bauer Holdings, Inc. Senior Officer Change in Control Compensation Benefits Plan to be executed this 31st day of December, 2008. 
  

			
	EDDIE BAUER HOLDINGS, INC.
		
	By:	 	/s/ Freya R. Brier
		 	Freya Brier, Senior Vice President & General Counsel

  

 18Non-Qualified Deferred Compensation Plan

 Exhibit 10.2 
 EDDIE BAUER HOLDINGS, INC. 
 NONQUALIFIED DEFERRED COMPENSATION PLAN 
 (Amended and Restated effective as of December 31, 2008) 
  

	Section	1. Introduction 

 1.1 Establishment and
Purpose. Eddie Bauer Holdings, Inc. (the “Company”) hereby establishes the Eddie Bauer Holdings, Inc. Nonqualified Deferred Compensation Plan (the “Plan”) to provide an opportunity for Eligible
Persons (as defined in Section 2 hereof) designated by the Plan administrator described in Section 9 hereof (the “Administrator”) to defer receipt of all or a portion of their annual cash compensation and certain
forms of equity compensation related to their performance of services for the Company or Affiliates that adopt this Plan for the benefit of Eligible Persons providing services to such Affiliate. The Plan is intended to attract and retain the
services of qualified directors and key management employees and to provide a vehicle to encourage savings for retirement and to provide supplemental retirement income benefits for a select group of management and highly compensated employees
through deferrals of compensation in excess of amounts that can be deferred under the Company’s tax-qualified retirement plans. This Plan is an amendment and restatement of the Plan that was originally adopted on the Effective Date. 

1.2 Interpretation. For tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), this Plan is intended to qualify as an unfunded “top-hat” plan maintained primarily for the purpose of providing deferred compensation for a select group of directors, management or highly compensated
employees and shall be interpreted accordingly. Notwithstanding any other provision herein, the Plan is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall at all
times be interpreted in accordance with such intent such that amounts credited to a Participant’s account shall not be taxable to such Participant until such amounts are paid to the Participant in accordance with the terms of the Plan. If any
provision of the Plan would cause such payments or benefits to fail to so comply, such provision shall not be effective and shall be null and void with respect to such payments or benefits to the extent necessary to comply with Code
Section 409A, and such provision shall otherwise remain in full force and effect. As provided in Internal Revenue Notice 2007-86, notwithstanding any other provision of this Plan, with respect to an election or amendment to change a time or
form of payment under this Plan made on or after January 1, 2008 and on or before December 31, 2008, the election or amendment shall apply only with respect to payments that would not otherwise be payable in 2008, and shall not cause
payments to be made in 2008 that would not otherwise be payable in 2008. 
 Section 2. Definitions 
 Whenever the following words and phrases are used in this Plan, with the first letter capitalized, they shall have the meanings specified below.

 2.1 “Account” or “Accounts” means the record maintained by the Administrator to determine
each Participant’s interest under this Plan, which shall be equal to the sum of a Participant’s Deferral Account and Company Contribution Account. The Account, and each other 

 
specified account, shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid
to a Participant, or his or her designated Beneficiary, pursuant to this Plan. Each Participant may have a Share Account or such other Investment Funds Accounts as the Administrator deems appropriate to determine the allocation of earning and loss
equivalents pursuant to Section 5.3. 
 2.2 “Administrator” means the entity, individual or committee designated
by the Board, responsible for the administration and interpretation of the Plan in accordance with Section 9. If no entity individual or committee is designated, the Administrator shall be the Board. 
 2.3 “Affiliate” means any entity under common control with the Company, within the meaning of Code Section 414(b),
(c) or (m) and any “subsidiary” or “parent” corporation (within the meaning of Section 424 of the Code) of the Company, including an entity that becomes an Affiliate after the adoption of this Plan, or any other
entity that the Board determines is otherwise controlled by, in control of, or under common control with the Company. 
 2.4
“Aggregated Plan” means any agreement, method, program or other arrangement with respect to which deferrals of compensation are treated, together with deferrals of Compensation under this Plan, as having been deferred under a
single nonqualified deferred compensation plan under Section 1.409A-1(c)(2) of the Treasury Regulations. 
 2.5
“Beneficiary” or “Beneficiaries” means the person or persons, including a trustee, personal representative or other fiduciary, last designated in writing by a Participant in accordance with procedures
established by the Administrator to receive the benefits specified hereunder in the event of the Participant’s death. No beneficiary designation shall become effective until it is filed with the Administrator. If there is no Beneficiary
designation in effect, or if there is no surviving designated Beneficiary, then the Participant’s surviving spouse shall be the Beneficiary. If there is no surviving spouse to receive any benefits payable in accordance with the preceding
sentence, the duly appointed and currently acting personal representative of the participant’s estate (which shall include either the Participant’s probate estate or living trust) shall be the Beneficiary. In any case where there is no
such personal representative of the Participant’s estate duly appointed and acting in that capacity within 90 days after the Participant’s death (or such extended period as the Administrator determines is reasonably necessary to allow such
personal representative to be appointed, but not to exceed 180 days after the Participant’s death), then Beneficiary shall mean the person or persons who can verify by affidavit or court order to the satisfaction of the Administrator that they
are legally entitled to receive the benefits specified hereunder. In the event any amount is payable under the Plan to a minor, payment shall not be made to the minor, but instead be paid (a) to that person’s living parent(s) to act as
custodian, (b) if that person’s parents are then divorced, and one parent is the sole custodial parent, to such custodial parent, or (c) if no parent of that person is then living, to a custodian selected by the Administrator to hold
the funds for the minor under the Uniform Transfers or Gifts to Minors Act in effect in the jurisdiction in which the minor, resides. If no parent is living and the Administrator decides not to select another custodian to hold the funds for the
minor, then payment shall be made to the duly appointed and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly appointed and currently acting within 60 days after the date the amount becomes
payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. 
  

 2 

 2.6 “Board of Directors” or “Board” means the Board of
Directors of the Company or the Compensation Committee of the Board, acting on behalf of the Board. 
 2.7 “Bonus”
means any cash incentive compensation payable to a Participant in addition to the Participant’s Salary prior to reduction for salary deferral contributions to any plans qualified under Section 401(k) or Section 125 of the Code.

 2.8 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.9 “Company” means Eddie Bauer Holdings, Inc. and any successor to all or substantially all of the Company’s assets or
business that assumes the obligations under this Plan. 
 2.10 “Company Contribution Account” means the bookkeeping
account maintained by the Administrator for each Participant that is credited with an amount equal to the Company Contribution Amount, if any, and earnings or losses pursuant to Section 5.3. 
 2.11 “Company Contribution Amount” means the amount described in Section 5.2. 
 2.12 “Company Stock” means the common stock, $0.01 par value per share of the Company. 
 2.13 “Compensation” means the Director Fees, Salary, Bonus and Equity Incentive Compensation that the Participant is entitled to
for services rendered to the Company or an Affiliate. 
 2.14 “Deferral Account” means the bookkeeping account
maintained by the Administrator for each Participant that is credited with amounts equal to (1) the portion of the Participant’s Salary that he or she elects to defer, (2) the portion of the Participant’s Bonus that he or she
elects to defer, (3) the portion of the Participant’s Equity Incentive Compensation that he or she elects to defer, (4) the portion of the Participant’s Director Fees that he or she elects to defer, and (5) investment gains and
losses pursuant to Section 5.3. 
 2.15 “Director Fees” means the quarterly retainer fee and meetings fees paid
to non-employee directors in consideration for their service as members of the Board. 
 2.16 “Effective Date” means
August 3, 2005. This amendment and restatement of the Plan is effective December 31, 2008. 
 2.17 “Eligible
Person” means members of the Board, officers, selected management and other highly compensated employees of the Company or an Employer who are selected by the Administrator, in its sole discretion, to participate in the Plan.

 2.18 “Employer(s)” means the Company and/or any of its Affiliates that with the consent of the Board have adopted
the Plan for the benefit of their respective employees who are Eligible Persons. 
  

 3 

 2.19 “Enrollment Form” means the form executed by the Participant and the
Employer that sets forth the Participant’s deferral elections, payment form and timing, Beneficiary designation, and other specifications of this Plan applicable to the Participant. 
 2.20 “Equity Incentive Compensation” means a Restricted Stock Unit Award granted under the terms of the Eddie Bauer Holdings,
Inc. 2005 Stock Incentive Plan (or any successor plan), provided such Award (or such portion thereof that is treated as a separate payment) is subject to a substantial risk of forfeiture at the time it is granted. A Participant may make a one-time
election to defer the timing of the payment of a Restricted Stock Unit Award and have such amount paid in the form of Company Stock at a later date pursuant to the terms of this Plan, subject to the following terms and conditions: 
 2.20.1 The deferral election must be made not later than 30 days after the grant of the Award; 
 2.20.2 The portion of the Restricted Stock Unit Award that is the subject of the deferral election must require the Participant to provide
services for a period of at least 12 months from the grant date of the Restricted Stock Unit Award in advance of the earliest Vesting Date at which the forfeiture condition could lapse, other than a lapse of the forfeiture condition that occurs
earlier in the event of death, disability or a change in control (as such terms are defined in the Restricted Stock Unit Award); and 
 2.20.3 If death, disability, or a change in control occurs and the forfeiture event lapses prior to 12 months from the grant date of the Restricted Stock Unit Award, the deferral election may be given effect only if the deferral election
satisfies the requirements of Section 1.409A-2 of the Treasury Regulations without regard to paragraph (a)(5) thereof. 
 2.21
“Financial Hardship” means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, Beneficiary or a dependent (as defined in Section 152(a)
of the Code, without regard to Section 152(b)(1), (b)(2), or (d)(1)(B)), loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of
the Participant. The circumstances that will constitute a Financial Hardship will depend upon the facts of each case and will be determined by the Administrator in its sole discretion, but distributions on account of Financial Hardship may not be
made to the extent such hardship is or may be relieved (i) through reimbursement or compensation by insurance or otherwise; (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself
cause a severe financial hardship; or (iii) by cessation of deferrals under the Plan. 
 2.22 “Investment Funds”
means the mutual funds, insurance policies, investment indexes or other measures of investment performance identified by the Administrator that shall be used to determine the Investment Return increments to be credited to each Participant’s
Account. The Investment Funds may be changed by the Administrator, in its sole discretion, from time to time. The Administrator may discontinue, substitute or add an Investment Fund at any time. 
  

 4 

 2.23 “Investment Return” means, for each Investment Fund, an amount equal to the
net investment performance of such Investment Fund for each reporting period, as determined by the Administrator. 
 2.24
“Participant” means any Eligible Person (i) who is selected to participate in the Plan, (ii) who elects to participate in the Plan in accordance with Section 4.2, (iii) who signs an Election Form and a
Beneficiary Designation Form, (iv) whose signed Election Form and Beneficiary Designation Form are accepted by the Administrator, (v) who commences participation in the Plan, and (vi) whose Plan participation has not terminated. A
spouse or former spouse of a Participant shall not be treated as a Participant in the Plan or have an account balance under the Plan, even if he or she has an interest in the Participant’s benefits under the Plan as a result of applicable law
or property settlements resulting from legal separation or divorce. 
 2.25 “Plan” means the Eddie Bauer Holdings,
Inc. Nonqualified Deferred Compensation Plan set forth herein, now in effect, or as amended from time to time. 
 2.26 “Plan
Year” means the 12 consecutive month period beginning on January 1 and ending on December 31. 
 2.27
“Salary” or “Salaries” means the Participant’s base salary prior to reduction for any salary deferral contributions to a plan qualified under Section 125 or Section 401(k) of the Code.

 2.28 “Separation from Service” means a Participant’s termination from employment with the Company and its
Affiliates and termination of service as a member of the Board, provided that such termination qualifies as a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations. 
 2.29 “Share Account” means the record maintained by the Administrator, for bookkeeping purposes only, of a hypothetical number of
shares of Company Stock that the Account is deemed to be invested in. The Participant’s interest in the Share Account may consist of amounts allocated to the Participant’s Deferral Account and Company Contribution Account and shall be
expressed in the form of whole and fractional shares of Company Stock. 
 2.30 “Specified Employee” means a
Participant who, as of the date of the Participant’s “separation from service,” as defined in Treasury Regulation Section 1.409A-1(h), is a “Key Employee” of the Company at a time when any stock of the Company is
publicly traded on an established securities market or otherwise. For purposes of this definition, a Participant is a “Key Employee” if the Participant meets the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the
Code (applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the Testing Year. If a Participant is a “Key Employee” (as defined above) as of a Specified
Employee Identification Date, the Participant shall be treated as “Key Employee” for the entire twelve (12) month period beginning on the Specified Employee Effective Date. The Specified Employees shall be determined in accordance
with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation Section 1.409A-1(i). 
 2.31 “Specified Employee
Effective Date” means the April 1 following the Specified Employee Identification Date. 
  

 5 

 2.32 “Specified Employee Identification Date”, for purposes of Treasury
Regulation Section 1.409A-1(i)(3), means December 31. The “Specified Employee Identification Date” will apply to all “nonqualified deferred compensation plans” (as defined in Treasury Regulation
Section 1.409A-1(a)) of the Company and all affected Affiliates. 
 2.33 “Testing Year” means the twelve
(12) month period ending on the Specified Employee Identification Date. 
  

	Section	3. Eligibility 

 Only those Eligible Persons
selected by the Administrator may participate in the Plan. The Eligible Persons shall include those directors, officers and other members of a “select group of management or highly compensated employees” as described in Sections 201(2),
301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA who are providing services to the Company or an adopting Affiliate and who have been selected by the Administrator in its sole discretion to participate in the Plan. 
  

	Section	4. Deferral of Compensation 

 4.1 Deferrable
Compensation. Eligible Persons shall have the right to defer a portion of the following types of compensation in accordance with any rules or policies that may be established by the Administrator hereunder: 
 4.1.1 Director Fees, 
 4.1.2 Salary, 
 4.1.3 Bonus, and 
 4.1.4 Equity Incentive Compensation. 
 4.2 Deferral Election. An Eligible Person shall be permitted to submit an election form (the “Election Form”) to the Administrator specifying the portion of Compensation, if any, that such employee wishes to
defer. The deferred amounts shall be subject to all applicable employment taxes that must be withheld under applicable law. Any such election shall be irrevocable and, except as permitted for Equity Incentive Compensation deferrals, shall be made no
later than December 31 of the calendar year that precedes the calendar year with respect to which the compensation shall be earned. In the case of the first year in which an Eligible Person becomes eligible to participate in the Plan (including
for this purpose, any Aggregated Plan), such irrevocable election may be made with respect to services to be performed subsequent to the election within 30 days after the date the Eligible Person becomes eligible to participate in the Plan;
provided, however, that the portion of Compensation that is deferrable may be limited based upon the application of Section 409A of the Code. The Company shall deduct from the Participant’s Compensation the portion that such Participant
elects to defer and credit the deferred amount to an account established in accordance with Section 5.1 hereof. A Participant may change his or her deferral amount or percentage(s) for any calendar year only by filing a new election form with
the Administrator prior to the beginning of such year. Notwithstanding any other provision of the Plan to the contrary, the Administrator may unilaterally restrict the maximum amount that a Participant may defer under the Plan for any reason.

  

 6 

	Section	5. Accounts 

 5.1 Establishment of Accounts.
The Company shall establish on its books a bookkeeping account (the “Account”) with respect to each Participant who elects to defer pursuant to Section 4.2 hereof and shall credit to such Account the amounts deferred by
the Participant pursuant to Section 4.2. Such credit shall be made on the date that such compensation would have been paid to the Participant, but for the election to defer pursuant to Section 4.2. 
 5.2 Discretionary Contributions. Any Employer may make a discretionary allocation to the Company Contribution Account for one or more Participants
in an amount determined by the Employer. The Company Contribution Amount may be a fixed dollar amount, a percentage of compensation or a matching contribution specified by the Employer in its sole discretion. Any such Company Contribution Amount may
be made on a basis elected by the Employer, which need not be consistent from year to year or among Participants for any year. The Employer may determine whether any Company Contribution Amount is subject to a vesting schedule and the time or times
when such allocations will be vested in whole or in part. The Administrator, in its sole discretion, may determine whether any Company Contribution Amounts will be allocated to the Share Account or to the Investment Funds. 
 5.3 Crediting of Earnings Equivalents. The Account of a Participant shall be deemed to be allocated in multiples that are determined by the
Administrator from time to time in accordance with the Participant’s investment election, among the Investment Funds, as if invested in the applicable Investment Fund as of the date the compensation would otherwise have been paid. Such
investment election may be changed by written notice to the Administrator (or, if applicable, the outside administrator of the Plan) with such frequency as the Administrator may determine from time to time. The balance credited to such Accounts
shall be adjusted from time to time to reflect the Investment Return of the applicable Investment Fund. The Administrator is not obligated to honor any Participant’s investment election. The Administrator, in its sole discretion, may determine
that any Company Contribution Amount will be allocated to the Share Account or to any other applicable Investment Fund and with respect to the amounts allocated to the Share Account will designate whether such amounts will be distributed in the form
of cash or Company Stock. The number of hypothetical shares of Company Stock allocated to the Share Account hereunder that are designated to be distributed in the form of Company Stock will be treated as a grant of Restricted Stock Units under the
terms of the Company’s 2005 Stock Incentive Plan for purposes of determining the number of shares of common stock available for awards under the 2005 Stock Incentive Plan. Any deferral of Director Fees or Company Contribution Amounts allocated
to the Share Account shall be allocated as a number of hypothetical shares of Company Stock determined by dividing the amount allocated by the fair market value of a share of Company Stock on the date such deferred amount otherwise would have been
paid. Deferrals other than Director Fees and Equity Incentive Compensation may not be allocated to the Share Account unless specifically approved by the Administrator at the date of deferral. 
 5.4 Account Statements. Each Participant shall receive a periodic statement of his or her Account balance from time to time as determined by the
Administrator. 
  

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	Section	6. Payment of Benefits 

 6.1 Election of Time of
Payment. Each Participant, at the time he or she makes the irrevocable deferral election pursuant to Section 4.2 hereof, shall also, by filing the Election Form, elect the date(s) as of which he or she wishes the amounts in his or her
Account attributable to the applicable deferral to be paid, which date(s) shall be among the available date(s) prescribed by the Administrator in its sole discretion on the Election Form. Such election shall become irrevocable at the same time as
the Participant’s deferral election pursuant to Section 4.2. 
 6.2 Election of Form of Distribution of Benefits. Each
Participant, at the time he or she makes the irrevocable deferral election pursuant to Section 4.2 hereof, shall also, by filing the Election Form, elect the form of distribution in which he or she wishes the amounts in his or her Account
attributable to the applicable deferral to be paid with respect to each payment date selected by the Participant. Except as otherwise provided herein, such Account may be distributed either in a lump sum payment or in annual installments as
prescribed by the Administrator in its sole discretion on the Election Form. If the payment is to be made at Separation from Service, the Participant may elect annual installments over a period of 5, 10, or 15 years, except that if at any time on or
after distribution commences the aggregate value of the Participant’s Account balance, together with the Participant’s account balances under all Aggregated Plans, is not more than the applicable dollar amount under
Section 402(g)(1)(B) of the Code at the beginning of any Plan Year, the Administrator may require that such benefit be distributed in a lump sum; provided that such distribution shall result in the concurrent termination and liquidation of the
entirety of the Participant’s interest under this Plan and all Aggregated Plans. If a transfer of Company Stock is made prior to Separation from Service, the number of annual installments may not exceed 5 years. In the absence of a payment
election, the default form of distribution shall be a lump sum. If more than one installment is contemplated, each such payment shall be determined by dividing the value of the Account immediately prior to the payment by the number of years
remaining in the term of payment. Any undistributed portion of the Participant’s Account shall remain subject to all of the terms of the Plan. Any election pursuant to this Section 6.2 shall become irrevocable at the same time as the
Participant’s deferral election pursuant to Section 4.2 hereof. 
 6.3 Death after Benefit Commencement. If the distribution
of an Account to a Participant has commenced in installments and such Participant dies before all installments are paid, the undistributed Account balance shall be distributed in a lump sum to the Beneficiary as soon as practicable within 90 days
following the date of the Participant’s death. 
 6.4 Distribution in Accordance with Election. Except as provided under Sections
6.5 and 6.6 hereof, the Employer will pay (or the Administrator will cause to be paid) to the Participant in the form elected pursuant to Section 6.2, within 60 days after the date elected pursuant to Section 6.1 hereof (without permitting
the Participant to designate the year of such payment), an amount equal to the portion of the Participant’s Account balance attributable to the applicable deferral election (as adjusted for the allocable equivalent of earnings and losses
pursuant to Section 5.2 hereof), valued as of the business day coinciding with or last preceding the date elected by the Participant pursuant to Section 6.1. 
  

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 6.5 Distribution by Reason of Separation from Service. In the event of the Participant’s
Separation from Service, for any reason or due to the Participant’s death, in either case prior to the date elected pursuant to Section 6.1 hereof, the Company shall pay (or cause to be paid) to the Participant or, in the event of his or
her death, to his or her Beneficiary, an amount equal to the Participant’s Account balance valued as of the fifth business day following the Participant’s Separation from Service or death. Unless otherwise elected pursuant to
Section 6.2, payments shall be made in one lump sum within 60 days after the valuation date (without permitting the Participant or Beneficiary to designate the year of such payment), as determined by the Administrator in accordance with this
Section 6.4. The Participant’s Account shall cease to be credited with the equivalent of earnings and losses as set forth in Section 5.3 hereof after the valuation date. 
 6.6 Hardship Distributions. Notwithstanding anything herein to the contrary, a Participant may request and receive a hardship distribution of all
or any portion of his or her Account balance provided the Participant is able to demonstrate, to the satisfaction of the Administrator, that he or she has suffered a Financial Hardship. A hardship distribution request must be submitted in writing to
the Administrator and is subject to rules established by the Administrator governing hardship distributions. The amount distributed shall not exceed the lesser of (i) the Participant’s Account balance, or (ii) the amount reasonably
necessary to satisfy the Participant’s Financial Hardship plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution. The determination of amounts reasonably necessary to satisfy a Financial Hardship shall take
into account any additional compensation that is available to the Participant as a result of the cancellation of a deferral election upon payment of the distribution. No hardship distribution may be made prior to the time the Administrator approves
the distribution. If a hardship distribution is made, such distribution shall be made from the portion of the Participant’s Account attributable to deferrals with an earlier payment date before distributions are made from any portion
attributable to deferrals with a later payment date. 
  

	Section	7. Rights Unsecured; Subordination 

 7.1
Unsecured Creditor. The rights of a Participant or his or her Beneficiary to benefits under the Plan shall be solely those of an unsecured general creditor of the Company. The Plan constitutes a mere promise by the Company to make benefit
payments in the future. The Plan is intended to be unfunded for tax purposes and for purposes of Title I of ERISA. Any asset acquired or held by the Company in connection with the Company’s liabilities under the Plan shall not be deemed to
be security for the performance of the Company’s obligations pursuant to the Plan, but shall be and remain part of the general assets of the Company. 
 7.2 Subordination to Other Creditors. Anything in the Plan to the contrary notwithstanding, the Company may, in its sole discretion, subordinate the rights of Participant and their Beneficiaries to any payments
under the Plan to claims of any other creditors of the Company. 
  

	Section	8. Nonassignability 

 The rights and interests of a
Participant and his or her Beneficiary to benefit payments under the Plan shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Participant or
the Participant’s Beneficiary, and any such rights and interests under the Plan shall not be liable for or subject to any obligation or liability of the Participant or Beneficiary. 
  

 9 

	Section	9. Administration 

 The Plan shall be administered
by, and in the sole discretion of the Administrator, which by vote of a majority of the persons acting as or on behalf of the Administrator, may establish such rules and regulations as it deems necessary, make amendments in a manner consistent with
Section 14 of this Plan, interpret the Plan, make factual findings and determinations, and otherwise make all determinations and take such action in connection with the Plan as it, in it’s sole discretion deems appropriate. The decisions
of the Administrator shall be final, conclusive and binding upon all parties and no member of the Administrator shall be liable for any action or determination made in good faith with respect to the Plan and Awards under it. The Administrator and
each person to whom duties and responsibilities have been delegated shall be indemnified and held harmless by the Company against all claims, liabilities, fines, and penalties, and all expenses reasonably incurred by or imposed upon such individuals
(including but not limited to reasonable attorneys’ fees) which arise as a result of actions or failure to act in connection with the operation, administration and grant of Awards under the Plan. Any person acting as or on behalf of the
Administrator who is a Participant in the Plan shall abstain from any determination under the Plan with respect to his or her own participation. Any determination required under the Plan with respect to a member of the Administrator shall be made by
the other members of the Administrator, unless the Administrator consists of a single individual, in which case the determination shall be made by the Company’s Board. 
  

	Section	10. Claims Procedure; Arbitration 

 10.1
General. 
 10.1.1 Claims. Claims for benefits, benefit determinations, appeals and reviews of any adverse
benefit determination and all associated notifications shall, at a minimum, comply with Section 503 of ERISA and the applicable provisions of 29 C.F.R. § 2560.503-1 (“ERISA Regulations”). 
 10.1.2 Claims Administrator. The Claims Administrator shall be designated by the Administrator. The Administrator reserves the
right to change the Claims Administrator from time to time and to designate a special Claims Administrator when deemed necessary to avoid a conflict of interest. 
 10.2 Claims Denial. 
 10.2.1 Claim for Benefits. If a Participant or
Beneficiary (hereunder “Applicant”) does not receive timely payment of any benefits which Applicant believes are due and payable under the Plan, Applicant may file a claim for benefits by notifying the Administrator in
writing. The Administrator may require any Applicant to submit an application therefor in writing to the Claims Administrator or to any officer of the Company, together with such other documents and information as the Claims Administrator may
require. 
  

 10 

 10.2.2 Notification of Benefit Determination. The Claims Administrator will notify
the Applicant of a benefit determination in writing within a reasonable time. Notification that a claim is wholly or partially denied will normally be given no later than 90 days after receipt of the claim. The notice shall (1) specify the
reasons for the adverse decision, (2) refer to the specific provisions of the Plan on which the decision is based, (3) describe any additional material necessary to complete the claim and the reasons that such material is necessary,
(4) describe the appeal and review procedures and the applicable time limits, and (5) inform the Applicant of the right to bring a civil action following review. Should special circumstances require an extension of time for processing the
claim, written notice of the extension shall be furnished to the Applicant prior to the expiration of the initial ninety (90) day period. The notice shall indicate the special circumstances requiring an extension of time and the date by which a
final decision is expected to be rendered. In no event shall the period of the extension exceed ninety (90) days from the end of the initial ninety (90) day period. Claims not acted upon within the time prescribed herein shall be deemed
denied for purposes of proceeding to the review stage. 
 10.3 Appeal and Review of Denied Claims. 
 10.3.1 Review. An Applicant is entitled to have an adverse benefit determination reviewed by the Administrator (the
“Named Fiduciary”). The request for review must be in writing and filed with the Claims Administrator no later than 60 days following the Applicant’s receipt of the adverse determination. The Applicant may submit written
comments and other information and documents relating to the claim, and have reasonable access to and receive copies of all documents and information relevant to the claim. The Applicant may request a hearing. The Claims Administrator will promptly
forward the request for review and the claim file to the Named Fiduciary. The decision of the Named Fiduciary shall be made promptly, and not later than sixty (60) days after the Named Fiduciary’s receipt of a request for review, unless
special circumstances require an extension of time for processing. In such a case, a decision shall be rendered as soon as possible, but not later than one hundred twenty (120) days after receipt of the request for review. 
 10.3.2 Named Fiduciary. The Named Fiduciary shall not be the Claims Administrator nor subordinate to the Claims Administrator. The
Board of Directors reserves the right to change the Named Fiduciary from time to time, and to designate a special Named Fiduciary for appeals when deemed necessary. 
 10.3.3 Review Procedure. The Named Fiduciary has the discretion to decide all questions regarding relevance and reasonable access
under Section 10.3.1 hereof. In addition, the Named Fiduciary has the discretion as to whether a hearing shall be held. The Named Fiduciary will afford no deference to the Claims Administrator’s decision, and will insure a full and fair
review de novo. 
 10.3.4 Notification of Benefit Determination on Review. The Named Fiduciary’s decision will be
in writing and sent to the Claims Administrator. The Claims Administrator will then notify the Applicant either by hand delivery or by first class mail within a reasonable time, and normally not later than 60 days after receipt of the claim for
review. If the Named Fiduciary issues an adverse benefit decision to the Participant or his Beneficiary, the decision 

  

 11 

 
shall (1) specify the reasons for the decision, (2) refer to specific plan provisions on which the decision was based, (3) inform the Applicant of
the right to review all information reviewed by the Named Fiduciary, even information not relied on in making the decision, and (4) inform the Applicant of the right to bring a civil action pursuant to the arbitration provisions of
Section 10.5. 
 10.4 Exhaustion of Remedies. No legal action for benefits under the Plan may be brought unless and until the
Applicant has exhausted his remedies under this Section 10. 
 10.5 Arbitration. Subject to prior completion of the claims
procedure described above, any claim or controversy arising under the Plan shall be settled by arbitration before a single arbitrator to be held in King County Washington in accordance with the Commercial Rules of Arbitration of the American
Arbitration Association (the “Rules”), and any judgment upon the award rendered by the arbitrator may be enforced in any court having competent jurisdiction thereof. The arbitrator shall be selected in accordance with the
Rules. 
  

	Section	11. Enforceability, Successors 

 The obligations of
the Employers under the Plan shall inure to the benefit of, and be enforceable by, a Participant and such Participant’s Beneficiary, personal representatives, distributees and legatees, and shall be binding upon the successors of the Company or
an adopting Employer with respect to its employees who are Participants. 
  

	Section	12. Communications 

 All communications by a
Participant or Beneficiary to the Administrator relating to the Plan shall be in writing and shall be directed to the Plan representative designated by the Administrator. 
  

	Section	13. Taxes and Withholding 

 All payments made
hereunder to a Participant or his or her Beneficiary shall be subject to the withholding of such amounts by the Company as it reasonably may determine it is required to withhold pursuant to any applicable federal, state, local or foreign law or
regulation. Neither the Administrator nor the Company make any commitment or guarantee that any amounts subject to deferral under the Plan will be excludable from a Participant’s gross income for federal, state, local or foreign income tax
purposes, or that any other federal, state, local or foreign income or social security tax treatment will apply to or be available to any Participant. 
  

	Section	14. Amendment 

 The Administrator may from time to
time and in its sole discretion amend the Plan in writing with respect to all Eligible Persons or with respect to any single Eligible Person or group of Eligible Persons, and any such amendment shall be binding upon the Company, Eligible Persons and
Beneficiaries. Notwithstanding the foregoing sentence, if any amendment of the Plan adversely affects the amounts payable to a Participant on account of his or her Account balance that has already accrued, such amendment shall not become effective
with respect to such accrued Account balance unless the Participant either gives his or her consent or fails to object to 

  

 12 

 
such amendment in a writing delivered to the Administrator within 30 days after receiving notice thereof. Any Eligible Person’s participation in the
Plan may, at the discretion of the Administrator, be on terms that differ from the provisions of the Plan. Any such differing terms shall be in a writing signed by a member of the Administrator or his or her authorized delegate. 
  

	Section	15. Termination of the Plan 

 15.1 Generally.
The Administrator or the Board may at any time suspend or terminate the Plan, and any such suspension or termination shall be binding upon Eligible Persons, Participants and Beneficiaries. 
 15.2 Cessation of Future Deferrals. In the event of the termination of the Plan, effective as of the date of termination, as determined by the
Administrator, the deferral elections of Participants under Section 4.2 hereof shall automatically expire and no further deferrals may be made under the Plan. 
 15.3 Distribution of Accounts. On termination of the Plan, the Account of each Participant shall be paid their Account balance in a lump sum payment as follows: 
 15.3.1 If the termination of the Plan is (i) within 12 months of a corporate dissolution taxed under Section 331 of the Code, or
(ii) has been approved by a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), such payment will occur and be included in the Participants’ gross incomes in the later of the calendar year in which the Plan termination occurs or the
first calendar year in which the payment is administratively practicable. 
 15.3.2 If the termination of the Plan is within
the 30 days preceding or the 12 months following a change in control event (as defined Section 1.409A-3(i)(5) of the Treasury Regulations) and all Aggregated Plans are terminated, such payment will occur within 12 months of the date the
Administrator or the Board irrevocably takes all necessary action to terminate the Plan. 
 15.3.3 Provided the termination
does not occur proximate to a downturn in the financial health of the Company and the Plan and all Aggregated Plans are terminated, such payment will occur not earlier than 12 months after the date the Administrator or the Board irrevocably takes
all necessary action to terminate the Plan and not later than 24 months after such date; provided, however, neither the Company nor any adopting Employer may adopt a new plan that would be an Aggregated Plan (if the Plan was still in effect) at any
time within three years following the date the Administrator or the Board irrevocably takes all necessary action to terminate the Plan. In the event the termination occurs proximate to a downturn in the financial health of the Company, the payment
shall occur at the time and in the form specified in the Election Form at the time of the Participants’ irrevocable deferral elections. 
  

	Section	16. Plan Not an Employment Agreement, No Right to Awards 

 The Plan shall not constitute an agreement or contract of employment and shall not be construed to limit in any way the right of the Company and its Affiliates to terminate an Eligible Person’s employment as freely and with the same
effect as if the Plan were not in effect. 
  

 13 

	Section	17. Section 409A 

 17.1 Delayed
Distribution. If a Participant is a Specified Employee on the date of Separation from Service, the payments under this Plan shall be delayed in order to comply with Section 409A(a)(2)(B)(i) of the Code, and such delayed payments shall be
paid or distributed to such Participant during the five-day period commencing on the earlier of: (i) the expiration of the six-month period measured from the date of such Participant’s Separation from Service, or (ii) the date of the
Participant’s death. Upon the expiration of the applicable six-month period under Section 409A(a)(2)(B)(i) of the Code, all payments deferred pursuant to this Section shall be paid to the Participant (or your estate, in the event of your
death) in a lump sum payment. Any remaining payments due under the Plan shall be paid as otherwise provided in the Plan. 
 17.2 General
Provisions. Participants shall not, directly or indirectly, designate the taxable year of a payment made under this Plan, other than at the time the deferral election is made. The portion of any payment under this Plan that is paid within the
short-term deferral period (within the meaning of Code Section 409A and Treas. Regs. §1.409A-1(b)(4)) shall be treated as a short term deferral and not aggregated with other plans or payments. Any amount that is paid as a short-term
deferral within the meaning of Treas. Regs. §1.409A-1(b)(4) shall be treated as a separate payment. Payment dates provided for in this Plan shall be deemed to incorporate “grace periods” within the meaning of Code Section 409A.
Neither the Company or any Affiliate guarantees or warrants the tax consequences of this Plan and, except as specifically provided to the contrary in this Plan, Executive shall, in all cases, be liable for any taxes due as a result of this Plan.

  

	Section	18. Governing Law 

 The Plan shall be governed by,
and construed in accordance with, the laws of the State of Washington, without regard to principles of conflicts of law. 
  

	Section	19. Execution 

 To record the adoption of the Plan
by the Board, the Company has caused its authorized officer to execute the Plan as of the date specified below. 
 [Signature Page
Follows] 
  

 14 

 IN WITNESS WHEREOF, upon authorization of the Board of Directors, the undersigned has caused this
amendment and restatement of the Eddie Bauer Holdings, Inc. Nonqualified Deferred Compensation Plan to be executed this 31st day of December, 2008. 
  

			
	EDDIE BAUER HOLDINGS, INC.
		
	By:	 	/s/ Freya R. Brier
		 	Freya Brier, Senior Vice President & General Counsel

  

 15

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