Document:

EX-10.1

 Exhibit 10.1 

 
 

 
  

					
	Personal and Confidential	  	 May 22, 2012
  
	  	

 Ms. Laurie F. Gilner 
 9233 Weston Drive 
 Brentwood, TN 37027 
 Dear Laurie: 
 The purpose of this letter agreement is to amend certain provisions of your offer
letter, dated July 26, 2010, as amended (the “Offer Letter”). As we discussed, we have agreed as follows: 
 1. Effective
immediately, Section 1 of the Offer Letter shall be amended in its entirety to read as follows: 
 1. Contract Term
– The term of your employment will be five (5) years, commencing September 7, 2010 and ending September 6, 2015, unless terminated earlier by you or by CRG at any time as provided herein. Thereafter, your employment status with
CRG will continue to be that of an employee at-will, subject to termination by either you or CRG at any time. 
 2. In addition to reimbursement
of relocation expenses as set forth in Section 3 of the Offer Letter, we have agreed to pay you an additional $30,000 for your relocation costs. We will pay you such additional amount, less applicable tax withholdings and payroll deductions,
promptly after your execution of this letter agreement. 
 3. Effective immediately, the following paragraph shall be added as a new second
paragraph to Section 4 of the Offer Letter: 
 In the event that CRG terminates your employment without cause at any time on
or after September 6, 2013 but prior to September 6, 2015, and subject to your compliance with the terms and conditions of this letter agreement, CRG will pay you an amount equal to one year of your then-current annual base salary (less
applicable tax withholdings and payroll deductions). 
 In all other respects, the Offer Letter shall remain in full force and effect according
to its terms and conditions. 
 402 BNA Dr. Building 100, Suite 600, Nashville, TN 37217 / 615-724-2800 

 Ms. Laurie F. Gilner 
 May 22, 2012 
 Page 7 
 Please confirm your understanding of the foregoing provisions by executing the enclosed counterpart of this letter and returning the executed counterpart to me. 

 

	
	Sincerely yours,
	
	/s/ Christopher J. Munyan
	Christopher J. Munyan
	Chairman and Chief Executive Officer
	C.R. Gibson, LLC

 The aforementioned is confirmed as of this 22nd day of May, 2012: 

 

	
	 /s/ Laurie F. Gilner

	Laurie F. Gilner
	cc: William G. KieslingExhibit 10.1

 Exhibit 10.1 
 THE TJX COMPANIES, INC. 
 MANAGEMENT INCENTIVE PLAN 

(As amended and restated effective as of March 5, 2010) 

Amendment 

Pursuant to Section 17 of The TJX Companies, Inc. Management Incentive Plan (the “Plan”), The TJX Companies, Inc. hereby
amends the Plan as follows, effective as provided in paragraph 3 below: 
  

	1.	Section 5 is hereby amended by inserting the following as a new paragraph at the beginning thereof: 

“Any executive officer or other key employee of TJX or any of its subsidiaries shall be eligible to be selected to receive an award
under the Plan.” 
  

	2.	Section 21 is hereby amended to read in its entirety as follows: 

 “The provisions of this Section 21 shall apply, notwithstanding any other provision of the Plan to the contrary, in the case of each award granted under the Plan that is intended to qualify as
exempt performance-based compensation under Section 162(m), as determined by the E.C.C. In the case of any such award: (a) the Performance Goals set by the E.C.C. will be one or more objectively determinable measures of performance
relating to any one or any combination of the following business criteria (measured on an absolute basis or relative to one or more comparators, including one or more companies or indices, and determined on a consolidated, divisional, line of
business, project, geographical or area of executive’s responsibilities basis, or any combination thereof): (i) sales, revenues, or comparable store sales; (ii) assets, inventory levels, inventory turns, working capital, cash flow or
expenses; (iii) earnings, profit, income, losses or margins, before or after deduction for all or any portion of interest, taxes, depreciation, amortization, rent, or such other items as the E.C.C. may determine at the time the Performance
Goals are preestablished (within the meaning of Section 162(m)), whether or not on a continuing operations and aggregate or per share basis, basic or diluted, before or after dividends; (iv) return on investment, capital, equity, assets,
sales or revenues, or economic value added models or equivalent metrics; (v) market share, store openings or closings, customer service or satisfaction levels, or employee recruiting, retention or diversity; (vi) stock price, dividends, or
total shareholder return, or credit ratings; or (vii) strategic plan implementations; (b) the E.C.C. may provide for automatic adjustments (in measures of achievement, amounts payable, or other award terms) to reflect objectively
determinable events (for example, acquisitions, divestitures, extraordinary items, other unusual or non-recurring items and/or changes in accounting principles) that may affect the business criteria, any such adjustment to be established and
administered in a manner consistent with the requirements for exempt performance-based compensation under Section 162(m); (c) the maximum amount payable to any Participant under the Plan for any fiscal year shall be $5,000,000, increased
by 5% per year starting with the Company’s fiscal year ending February 1, 2014; (d) no payment shall be made under the award unless the applicable Performance Goal or Goals (as adjusted pursuant to clause (b) above, where
applicable), which shall have been preestablished within the meaning of Section 162(m), have been met, nor shall any such payment be made until the E.C.C. certifies in accordance with Section 162(m) that such Performance Goal or Goals (as
adjusted pursuant to clause (b) above, where applicable) have been met; and (e) those provisions of the Plan generally applicable to awards hereunder which give to the E.C.C. or any other person discretion to modify the award after the
establishment and grant of the award, or which if applied to an award described in this Section 21 might otherwise cause such award to fail to qualify as a performance-based award under Section 162(m) shall be deemed inapplicable to the
extent (but only to the extent) the retention of such discretion by such person or the application of such provision would be deemed inconsistent with qualification of the award as performance-based under Section 162(m).” 

 

	3.	The amendments made by paragraphs 1 and 2 above are subject to, and shall take effect only upon, approval by the stockholders of The TJX Companies, Inc. of the material
terms thereof and when effective shall apply to all Plan award opportunities granted after that date. 

  
 1 

 IN WITNESS WHEREOF, The TJX Companies, Inc. has caused this Amendment to be executed in its
name and behalf by its officer thereunto duly authorized. 
  

			
	THE TJX COMPANIES, INC.
		
	By:	 	 /s/ Jeffrey Naylor

			
		
	Title:	 	 SEVP/CAO

 Dated: April 20, 2012 

  
 2Exhibit 10.2

 Exhibit 10.2 
 THE TJX COMPANIES, INC. 
 LONG RANGE PERFORMANCE INCENTIVE PLAN

 (As amended and restated effective as of March 5, 2010) 

Amendment 

Pursuant to Section 12 of The TJX Companies, Inc. Long Range Performance Incentive Plan (the “Plan”), The TJX Companies,
Inc. hereby amends the Plan as follows, effective as provided in paragraph 3 below: 
  

	1.	The first paragraph of Section 5 is hereby amended to read in its entirety as follows: 

“Any executive officer or other key employee (an “Employee”) of the Company or any of its Subsidiaries shall be eligible to
be selected to receive an award under the Plan.” 
  

	2.	Section 16 is hereby amended to read in its entirety as follows: 

 “Except as the Committee may determine in any case, the provisions of this Section 16 shall apply, notwithstanding any other provision of the Plan to the contrary, in the case of each Award
granted under the Plan that is intended to qualify as exempt performance-based compensation under Section 162(m) of the Internal Revenue Code (“Section 162(m)”), as determined by the Committee. In the case of any such Award:
(a) the Performance Goals set by the Committee will be one or more objectively determinable measures of performance relating to any one or any combination of the following business criteria (measured on an absolute basis or relative to one or
more comparators, including one or more companies or indices, and determined on a consolidated, divisional, line of business, project, geographical or area of executive’s responsibilities basis, or any combination thereof): (i) sales,
revenues, or comparable store sales; (ii) assets, inventory levels, inventory turns, working capital, cash flow or expenses; (iii) earnings, profit, income, losses or margins, before or after deduction for all or any portion of interest,
taxes, depreciation, amortization, rent, or such other items as the Committee may determine at the time the Performance Goals are preestablished (within the meaning of Section 162(m)), whether or not on a continuing operations and aggregate or
per share basis, basic or diluted, before or after dividends; (iv) return on investment, capital, equity, assets, sales or revenues, or economic value added models or equivalent metrics; (v) market share, store openings or closings,
customer service or satisfaction levels, or employee recruiting, retention or diversity; (vi) stock price, dividends, or total shareholder return, or credit ratings; or (vii) strategic plan implementations; (b) the Committee may
provide for automatic adjustments (in measures of achievement, amounts payable, or other award terms) to reflect objectively determinable events (for example, acquisitions, divestitures, extraordinary items, other unusual or non-recurring items
and/or changes in accounting principles) that may affect the business criteria, any such adjustment to be established and administered in a manner consistent with the requirements for exempt performance-based compensation under Section 162(m);
(c) the maximum amount payable to any Participant under the Plan in the aggregate with respect to all Performance Cycles commencing in a single fiscal year is $5,000,000, increased by 5% per year starting with the Company’s fiscal
year ending February 1, 2014; (d) no payment shall be made under the Award unless the applicable Performance Goal or Goals (as adjusted pursuant to clause (b) above, where applicable), which shall have been preestablished within the
meaning of Section 162(m), have been met, nor shall any such payment be made until the Committee certifies in accordance with Section 162(m) that such Performance Goal or Goals (as adjusted pursuant to clause (b) above, where
applicable) have been met; and (e) those provisions of the Plan generally applicable to Awards hereunder which give to the Committee or any other person discretion to modify the Award after the establishment and grant of the Award, or which if
applied to an Award described in this Section 16 might otherwise cause such Award to fail to qualify as a performance-based award under Section 162(m), shall be deemed inapplicable to the extent (but only to the extent) the retention of
such discretion by such person or the application of such provision would be deemed inconsistent with qualification of the Award as performance-based within the meaning of Section 162(m).” 

  
 1 

	3.	The amendments made by paragraphs 1 and 2 above are subject to, and shall take effect only upon, approval by the stockholders of The TJX Companies, Inc. of the material
terms thereof and when effective shall apply to all Plan award opportunities granted after that date. 

 IN
WITNESS WHEREOF, The TJX Companies, Inc. has caused this Amendment to be executed in its name and behalf by its officer thereunto duly authorized. 
  

			
	THE TJX COMPANIES, INC.
		
	By:	 	 /s/ Jeffrey Naylor

			
		
	Title:	 	 SEVP/CAO

 Dated: April 20, 2012 

  
 2

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