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EXHIBIT 10.22    
  

EMPLOYMENT AGREEMENT  

        THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into by and between Gart Sports Company, a Delaware corporation (the "Company"), and Martin E. Hanaka (the
"Executive") and shall be effective as of the "Effective Time," as defined in the written Agreement and Plan of Merger, dated as of February 19, 2003, by and among Gart Sports Company (referred
to therein as "Parent"), Gold Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Parent, and The Sports Authority, Inc., a Delaware corporation (the "Merger Agreement").
The parties acknowledge that the Executive's employment with The Sports Authority, Inc. shall be terminated immediately prior to the Effective Time. 

        WHEREAS,
the Company desires to employ the Executive, and have the Executive serve as Chairman of the Board of Directors of the Company (the "Board"), and the Executive desires to serve
in such capacities. 

        NOW,
THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, the Company and the Executive hereby agree as follows: 

        1.    Employment.    

        (a)    Term.    The term of this Agreement (the "Term") shall begin as of the Effective Time and shall terminate on
the day immediately prior to the third anniversary of the Effective Time, unless sooner terminated by either party as hereinafter provided; provided, however, that the Term shall automatically be
extended for successive one-year periods on the third anniversary of the Effective Time and on each subsequent anniversary thereof unless, not later than 90 days preceding the date
of any such extension,
either party gives the other party written notice (in accordance with Section 22) of such party's intention not to further extend the Term. 

        (b)    Duties.    The Executive shall report to the Board. The Executive shall perform senior-level assignments
appropriate to the Executive's experience and expertise, and unique familiarity with the business of the Company, including, without limitation, responsibilities relating to international business,
strategic planning, integration, financing and real estate activities of the Company. Such assignments shall be performed by the Executive in consultation with the chief executive officer of the
Company (the "CEO"). In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably assigned to him by the Board with
such duties and responsibilities to be carried out in consultation with the CEO. It is understood that the Executive's duties may involve reasonable travel, including, without limitation, travel to
the Company offices in Denver, Colorado (including the possibility of multiple trips per month). On such occasions that the Executive is required to travel to the Company's offices in Denver,
Colorado, the Executive shall be provided with office accommodations located among the senior executive officers of the Company. For as long as and during such period in which the Executive is serving
in such position, the Company shall cause the Executive to be nominated, and, if elected by the Company's shareholders, the Executive shall serve as a member of the Board. The Executive shall serve as
Chairman of the Board, for so long as he is elected to such position. 

        (c)    Best Efforts.    During the period of his employment, the Executive shall devote his best efforts and
full-time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such
activities do not interfere or conflict with his obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 10 below. 

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Notwithstanding the foregoing, (i) the level of time and attention devoted to the Company by the Executive in accordance with the preceding sentence may be adjusted during the Term based upon
the mutual agreement of the parties and shall not be construed as requiring the Executive to be a full-time employee of the Company, and (ii) the Executive may (A) serve on
corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage
personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing also shall not be construed as
preventing the Executive from investing his assets in such form or manner as will not require any significant services on his part in the operation of the affairs of the businesses or entities in
which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than
5% of the stock of those companies whose securities are listed on a national securities exchange or on the NASDAQ system. 

        2.    Compensation.    As compensation for the services to be rendered hereunder, the Company shall pay to the
Executive an annual base salary of $900,000. This amount may be subject to annual increases (but not decreases), as determined in the sole discretion of the Compensation Committee of the Board. The
Executive's base salary shall be paid in accordance with the Company's existing payroll policies. The Executive shall also be eligible for annual bonus payments on terms that are comparable to those
of the CEO, as determined by the Compensation Committee of the Board, to a maximum of $700,000
during 2003, and $500,000 in 2004 and 2005. Notwithstanding the foregoing, in the event that the Executive terminates his employment voluntarily, but remains Chairman of the Board, his total
compensation shall be reduced to $250,000 and he shall be entitled to health coverage (or reimbursement on an after-tax basis, for the cost of purchasing comparable coverage) under the
Company's medical plan, at the same cost to the Executive as immediately prior to such termination, for so long as he is associated with the Company as a member of the Board. If the preceding sentence
applies to the Executive's termination of employment, in no event shall the provisions of Section 8(b)(1) or Section 8(b)(2) limit the Executive's eligibility for continuing health
coverage under such preceding sentence. 

        3.    Expenses.    The Company shall reimburse the Executive for all necessary and reasonable travel, entertainment
and other business expenses incurred by him in the performance of his duties hereunder in accordance with such reasonable procedures as the Company may adopt generally from time to time and as are
generally provided to the CEO, which the parties agree shall include (i) first class airfare provided by paid upgrades, or upon an exception basis, as determined by the Executive and
(ii) reimbursement for attendance at industry events and professional sporting events, including, on a reasonable basis (A) the Super Bowl, (B) NCAA Final Four and
(C) professional All-Star games. The Company shall also reimburse the Executive for reasonable legal fees incurred in connection with the review of the terms of this Agreement as
well as for reasonable legal fees incurred in connection with the resolution of any dispute that may arise under the terms of this Agreement, upon receipt of appropriate documentation of such fees. 

        4.    Vacation.    The Executive shall be entitled to vacation, holiday and sick leave at levels commensurate with
those provided to the CEO, in accordance with the Company's vacation, holiday and other pay for time not worked policies. Notwithstanding the foregoing, in no event shall the Executive's vacation,
holiday and sick leave be less than the amount to which the Executive was entitled as chief executive officer of The Sports Authority, Inc. 

        5.    Retirement and Welfare Benefits.    The Executive shall be entitled to participate in the Company's health, life
insurance, long and short term disability, dental, retirement, and medical programs, if any, as well as executive bonus, benefit or cash-based incentive programs (long-term or
short-term), if any, pursuant to their respective terms and conditions, on a basis no less favorable than 

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commensurate with those provided to the CEO; provided, however, that, with respect to any restricted shares of Company stock or options to purchase shares of Company stock granted to the CEO at or
about the Effective Time (the "CEO Share Grant" or "CEO Option," as applicable), the Executive shall receive restricted shares and an option to purchase no less than 75% of the number of shares
subject to the CEO Share Grant and the CEO Option, as applicable, with the same generally applicable terms and conditions; provided, however, that any such restricted shares or options awarded to the
Executive shall vest no later than on the third anniversary of the Effective Time. Notwithstanding the foregoing, in no event shall the Executive receive life insurance coverage at a lesser level than
that to which the Executive was entitled to as chief executive officer of The Sports Authority, Inc. It is expressly acknowledged and agreed that benefits under and in accordance with the first
sentence of this Section 5 shall be in full satisfaction of any obligation the Company or any of its subsidiaries may have to provide the Executive with medical, dental and
long-term disability coverage in effect before the date hereof. Nothing in this Agreement shall preclude the Company or any affiliate of
the Company from terminating or amending any employee benefit plan or program from time to time after the effective date of this Agreement, provided that any such amendment or termination shall be
effective as to the Executive only if it is equally applicable to the CEO. 

        6.    Office Space.    The Company shall secure and provide the Executive with new office space with conference
facilities in Broward County, Florida. In addition, the Company shall retain for the Executive his current secretarial support. Such office shall be the Executive's principal office for purposes of
this Agreement. 

        7.    Perquisites.    The Executive shall be provided with such other perquisites as are provided to the CEO, but in
no event less than the prevailing industry standard for chief executive officers. 

        8.    Termination.    

        (a)    Termination by the Company.    

        (1)    For Cause.    The Company may terminate Executive's employment hereunder at any time for Cause (as defined and
in accordance with the procedures outlined below), in which case the Company's sole liability to the Executive shall be for unpaid salary and benefits (then owed, or accrued and owed in the future,
but in all events and without increasing the Executive's rights under any other provision hereof, excluding any bonus payments not yet paid) through the date of termination and unreimbursed expenses
incurred by the Executive pursuant to Section 3 above, each of which shall be paid within 10 days following the date of the Executive's termination. 

        (2)    Without Cause.    The Company also may terminate the Executive's employment without Cause at any time upon not
less than thirty (30) days' prior written notice to the Executive; provided, however, that, in the event that such notice is given, the Executive shall be under no obligation to render any
additional services to the Company and shall be allowed to seek other employment. Upon the Executive's termination in accordance with the preceding sentence, the Company shall pay to the Executive a
single lump sum in cash, within 10 days following the date of the Executive's termination, unless another date is mutually agreed upon by the parties, equal to the aggregate amount of
(i) unpaid salary, accrued but unpaid annual bonus and benefits (then owed, or accrued and owed in the future) through the date of termination, (ii) the Executive's base salary and
target bonus (based upon the target bonus payable for the year in which such termination occurs) payable through the remainder of the Term as if the Executive had not been terminated (the "Remaining
Term") (but not less than one year's base salary and target bonus) and (iii) all unreimbursed expenses incurred by the Executive pursuant to Section 3 above, and the Executive shall be
fully vested in all outstanding long-term incentive awards (whether based in equity or cash, and specifically including but not 

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limited to stock options and restricted stock) then held by the Executive. In addition, all health, life insurance, long term disability, dental, and medical programs specified in Section 5,
and all perquisites described in Section 7, shall continue for the Remaining Term (but for no less than one year following termination); provided, however, that the Company shall in no event be
required to provide any coverage after such time as the Executive becomes qualified and entitled to receive benefits of the same type from another employer or recipient of the Executive's services
(and provided, further, that such entitlement shall be determined without regard to any individual waivers or other similar arrangements). At the conclusion of the Remaining Term, the Executive shall
be entitled to receive all accrued benefits then owed and any benefits pursuant to the Company's plan or program which are accrued and owed in the future. 

        (3)    "Cause" Defined.    As used in this Agreement, termination for "Cause" shall mean termination based upon: 

          (i)  a
material violation of any material written rule or policy of the Company (A) for which violation any employee may be terminated pursuant to the written
policies of the Company reasonably applicable to an executive employee and (B) which the Executive fails to correct within 30 days after the Executive receives written notice from the
Board of such violation; 

        (ii)  misconduct
by the Executive to the material and demonstrable detriment of the Company; 

        (iii)  the
Executive's conviction (by a court of competent jurisdiction, not subject to further appeal) of, or pleading guilty to, a felony; 

        (iv)  the
Executive's continued and ongoing gross negligence in the performance of his duties and responsibilities to the Company as described in this Agreement; or 

        (v)  the
Executive's material failure to perform his duties and responsibilities to the Company as described in this Agreement (other than any such failure resulting from the
Executive's incapacity due to physical or mental illness or any such failure subsequent to the Executive being delivered a notice of termination without Cause by the Company or delivering a notice of
termination for Good Reason to the Company), in either case after written notice from the Board to the Executive of the specific nature of such material failure and the Executive's failure to cure
such material failure within thirty (30) days following receipt of such notice. 

Cause
shall not exist unless and until the Company has delivered to the Executive, along with the notice of Termination for Cause, a copy of a resolution duly adopted by two-thirds
(2/3) of the entire Board (excluding the Executive if the Executive is a Board member) at a meeting of the Board called and held for such purpose (after reasonable notice to the
Executive and an opportunity for the Executive, together with counsel, to be heard before the Board), finding that in the good faith opinion
of the Board an event set forth in clauses (i), (ii), (iv) or (v) above has occurred and specifying the particulars thereof in detail. The Board must notify the Executive of any event
constituting Cause within ninety (90) days following the Board's knowledge of its existence or such event shall not constitute Cause under this Agreement. 

        (b)    Termination by the Executive.    

        (1)  The
Executive may resign from his employment hereunder in the event of "Good Reason" after thirty (30) days' written notice from the Executive to the Board
describing in detail the "Good Reason," if not cured within such 30-day period; provided, however, that such notice shall be given no later than ninety (90) days after the time that
the Executive has actual knowledge of the event or condition purportedly giving rise to 

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Good Reason. In the event of any such resignation, the Company's obligations to the Executive shall be the same as set forth in Section 8(a)(2) above. 

        (2)  The
Executive may resign his employment hereunder other than for Good Reason at any time by giving no less than thirty (30) days' written notice to the Board. In
the event of any such resignation, the Company's sole obligation to the Executive shall be for unpaid salary and benefits (then owed or accrued and owed in the future, but in all events and without
increasing the Executive's rights under any other provision hereof, excluding any bonus payments not yet paid) and reimbursement of expenses pursuant to Section 3 above through the effective
date of the Executive's resignation specified in the Executive's notice. 

        (3)  For
the purposes of this Agreement, "Good Reason" means resignation by the Executive based upon the occurrence without the Executive's express written consent of any of
the following: 

          (i)  a
failure of the Executive to be elected or reelected to the Board; 

        (ii)  a
reduction in the Executive's base salary or target or maximum annual bonus opportunity, other than as part of an across the board reduction in salaries of management
personnel (including all vice presidents and positions above) of less than 20%; 

        (iii)  at
any time following a Change of Control (as defined below), a material diminution by the Company of compensation and benefits (taken as a whole) provided to the
Executive immediately prior to a Change of Control; 

        (iv)  the
relocation of the Executive's principal office to a location more than 35 miles further from the Executive's principal residence than the Executive's principal
office immediately prior to such relocation, or any requirement that the Executive be based anywhere other than the Executive's principal office; provided, however, that in no event shall the Company
be required to relocate the Executive's principal office, or otherwise be limited regarding office relocation, as a result of the Executive's relocation of his principal residence (it being expressly
understood and agreed that travel required in accordance with Section 1(b) shall not be considered as being or giving rise to Good Reason hereunder; 

        (v)  any
failure by the Company to comply with and satisfy the second sentence of Section 16; or 

        (vi)  any
other material breach by the Company of any of the terms and conditions of this Agreement. 

Notwithstanding
the above, a resignation by the Executive for any reason during the 30-day period commencing six months after a Change of Control, upon giving at least 30 days'
advance written notice to the Board, shall be considered to be a resignation for Good Reason. 

        (c)    Termination by Death or Disability.    In the event of the Executive's death or "permanent disability" (as
defined below) during the Term, the Executive's employment shall terminate on the date of death or date of permanent disability. In the event of such termination, the Company's sole obligations to the
Executive (or the Executive's estate) shall be for unpaid salary, accrued but unpaid annual bonus and benefits (then owed or accrued and owed in the future), a pro-rata annual bonus for
the year of termination based on the Executive's target bonus for such year and the portion of such year in which the Executive was employed, and reimbursement of expenses pursuant to Section 3
through the effective date of termination, each of which shall be paid within 10 days following the date of the Executive's termination. For purposes of this Section 8(c), the Executive
shall be considered to have 

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suffered a "permanent disability" if he has become eligible to receive benefits under the long-term disability plan of the Company. 

        9.    Change of Control.    

        (a)  A
"Change of Control" shall be deemed to have occurred if, after the Effective Time, (i) the beneficial ownership (as defined in Rule 13d-3 of
under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of securities representing more than 30% of the combined voting power of the Company is acquired by any "person" as defined
in sections 13(d) and 14(d) of the Exchange Act (other than the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company), (ii) the merger or
consolidation of the Company with or into another corporation where the shareholders of the Company, immediately prior to the consolidation or
merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares
representing in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent
corporation, if any) in substantially the same proportion as their ownership of the Company immediately prior to such sale, (iii) the sale or other disposition of all or substantially all of
the Company's assets to an entity, other than a sale or disposition by the Company of all or substantially all of the Company's assets to an entity, at least 50% of the combined voting power of the
voting securities of which are owned directly or indirectly by shareholders of the Company, immediately prior to the sale or disposition, in substantially the same proportion as their ownership of the
Company immediately prior to such sale or disposition, or (iv) during any period of two consecutive years, individuals who at the beginning of such period were members of the Board ("Incumbent
Directors") cease for any reason (other than death) to constitute at least a majority thereof; provided that each new director whose election, or nomination for election by the Company's shareholders,
was approved by a vote of at least a majority of the directors then still in office who were directors at the beginning of such period shall be deemed an Incumbent Director unless such approval was
made directly or indirectly in connection with an actual or threatened election contest with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents
by or on behalf of any person other than the Board. 

        (b)  Anything
in this Agreement to the contrary notwithstanding, if it is determined that any payment or benefit provided to the Executive under this Agreement or otherwise,
whether or not in connection with a Change of Control (a "Payment"), would constitute an "excess parachute payment" within the meaning of section 280G of the Internal Revenue Code of 1986, as
amended (the "Code"), such that the Payment would be subject to an excise tax under section 4999 of the Code (the "Excise Tax"), the Company shall pay to the Executive an additional amount (the
"Gross-Up Payment") such that the net amount of the Gross-Up Payment retained by the Executive after the payment of any Excise Tax and any federal, state and local income and
employment tax on the Gross-Up Payment, shall be equal to the Excise Tax due on the Payment and any interest and penalties in respect of such Excise Tax. For purposes of determining the
amount of the Gross-Up Payment, Executive shall be deemed to pay federal income tax and employment taxes at the highest marginal rate of federal income and employment taxation in the
calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the state and locality of Executive's residence (or,
if greater, the state and locality in which Executive is required to file a nonresident income tax return with respect to the Payment) in the calendar year in which the Gross-Up
Payment is to be made, net of the maximum reduction in federal income taxes that may be obtained from the deduction of such state and local taxes. 

        (c)  All
determinations made pursuant to the foregoing paragraph shall be made by the Company's independent public accounting firm immediately prior to the transaction
resulting in 

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the application of section 4999 of the Code or, if such firm continues to be retained by the Company or its successor to provide any services whatsoever subsequent to such transaction, an
independent public accounting firm selected by the Executive in the Executive's sole discretion (the "Accounting Firm"), which firm shall provide its determination and any supporting calculations (the
"Determination") both to the Company and to the Executive within ten days of the date of the Executive's termination or any other date selected by the Executive or the Company. Within ten calendar
days of the delivery of the Determination to the Executive, the Executive shall have the right to dispute the Determination (the "Dispute"). The existence of any Dispute shall not in any way affect
the Executive's right to receive the
Gross-Up Payments in accordance with the Determination. If there is no dispute, the Determination by the Accounting Firm shall be final, binding and conclusive upon the Company and the
Executive, subject to the application of Section 9(d). All of the fees and expenses of the Accounting Firm in performing the determinations referred to above shall be borne solely by the
Company. Within five days after the Accounting Firm's determination, the Company shall pay to the Executive the Gross-Up Payment, if any. If the Accounting Firm determines that no Excise
Tax is payable by the Executive, it will, at the same time as it makes such determination, furnish Executive with an opinion that the Executive has substantial authority not to report any Excise Tax
on his federal, state, local income or other tax return. The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or
relating to its determinations pursuant to this Section 9(c), except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm. 

        (d)  As
a result of the uncertainty in the application of sections 4999 and 280G of the Code, it is possible that the Gross-Up Payments either will have been made
which should not have been made, or will not have been made which should have been made, by the Company (an "Excess Gross-Up Payment" or a "Gross-Up Underpayment,"
respectively). If it is established pursuant to (A) a final determination of a court for which all appeals have been taken and finally resolved or the time for all appeals has expired, or
(B) an Internal Revenue Service (the "IRS") proceeding which has been finally and conclusively resolved, that an Excess Gross-Up Payment has been made, such Gross-Up
Excess Payment shall be deemed for all purposes to be a loan to the Executive made on the date the Executive received the Excess Gross-Up Payment and the Executive shall repay the Excess
Gross-Up Payment to the Company either (i) on demand, if the Executive is in possession of the Excess Gross-Up Payment or (ii) upon the refund of such Excess
Gross-Up Payment to the Executive from the IRS, if the IRS is in possession of such Excess Gross-Up Payment, together with interest on the Excess Gross-Up Payment
at (X) 120% of the applicable federal rate (as defined in Section 1274(d) of the Code) compounded semi-annually for any period during which the Executive held such Excess
Gross-Up Payment and (Y) the interest rate paid to the Executive by the IRS in respect of any period during which the IRS held such Excess Gross-Up Payment. If it is
determined (I) by the Accounting Firm, the Company (which shall include the position taken by the Company, together with its consolidated group, on its federal income tax return) or the IRS,
(II) pursuant to a determination by a court, or (z) upon the resolution to the Executive's satisfaction of the Dispute, that a Gross-Up Underpayment has occurred, the Company
shall pay an amount equal to the Gross-Up Underpayment to the Executive within ten calendar days of such determination or resolution, together with interest on such amount at 120% of the
applicable federal rate compounded semi-annually from the date such amount should have been paid to the Executive pursuant to the terms of this Agreement or otherwise, but for the
operation of this Section 9(d), until the date of payment. 

        10.    Restrictive Covenants.    In consideration of the obligations of the Company hereunder, the Executive agrees
that he shall not, (i) during the Term and for a period of two years after a termination of the Executive's employment with the Company for any reason directly or indirectly become an
Executive, director, consultant or advisor of, or otherwise affiliated with, any retailer of 

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sporting goods which sells in the United States through any retail channel (unless the sporting goods sold by such retailer constitute less than 10% of the total sales by such retailer and its
licensees in the United States during the fiscal year of the Company immediately preceding the year of such termination), (ii) during the period commencing on the date hereof and ending one
year following the later of (x) the date upon which the Executive shall cease to be an employee of the Company and
(y) the last day of the Term, directly or indirectly solicit or hire, or encourage the solicitation or hiring of, any person who was an employee of the Company at any time on or after the date
of such termination (unless more than six months shall have elapsed between the last day of such person's employment by the Company and the first date of such solicitation or hiring), or
(iii) during or after the Term, without the written consent of the CEO, disclose to any person other than as required by law or court order, any confidential information obtained by the
Executive while in the employ of the Company, provided, however, that confidential information shall not include any information known generally to the public (other than as a result of unauthorized
disclosure by the Executive) or any specific information or type of information generally not considered confidential by persons engaged in the same business as the Company, or information disclosed
by the Company by any member of the Board or any other officer thereof to a third party without restrictions on the disclosure of such information. For purposes of this Section 10 only, the
term "Company" shall mean the Company and its subsidiaries. 

        11.    Enforcement.    The Executive hereby expressly acknowledges that the restrictions contained in
Section 10 are reasonable and necessary to protect the Company's legitimate interests, that the Company would not have entered into this Agreement in the absence of such restrictions, and that
any violation of such restrictions will result in irreparable harm to the Company. The Executive agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the
necessity of proving actual damages, as well as an equitable accounting of all earnings, profits and other benefits arising from any violation of the restrictions contained in Section 10, which
rights shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled. The Executive irrevocably and unconditionally (i) agrees that any legal
proceeding arising out of this paragraph may be brought in the United States District Court for the District of Colorado, or if such court does not have jurisdiction or will not accept jurisdiction,
in any court of general jurisdiction in Denver County, Colorado, (ii) consent to the non-exclusive jurisdiction of such court in any such proceeding, and (iii) waive any
objection to the laying of venue of any such proceeding in any such court. The Executive also irrevocably and unconditionally consents to the service of any process, pleadings, notices or other papers
in connection with any such proceeding. 

        12.    Survival.    The provisions of Sections 10 and 11 shall survive the termination of this Agreement. 

        13.    No Mitigation or Set Off.    In no event shall the Executive be obligated to seek other employment or take any
other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced, regardless of whether the Executive
obtains other employment. The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances,
including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive or others. 

        14.    Return of Documents.    Upon termination of his employment, the Executive agrees to return all documents
belonging to the Company in his possession including, but not limited to, contracts, agreements, licenses, business plans, equipment, software, software programs, products,
work-in-progress, source code, object code, computer disks, books, notes and all copies thereof, whether in written, electronic or other form; provided that the Executive may
retain copies of his rolodex. In addition, the Executive shall certify to the Company in writing as of the effective date of 

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termination that none of the assets or business records belonging to the Company are in his possession, remain under his control, or have been transferred to any third person. 

        15.    Effect of Waiver.    The waiver by either party of a breach of any provision of this Agreement shall not
operate or be construed as a waiver of any subsequent breach hereof. No waiver shall be valid unless in writing. 

        16.    Assignment.    This Agreement may not be assigned by either party without the express prior written consent of
the other party hereto, except that the Company may assign this Agreement to any subsidiary or affiliate of the Company, provided that no such assignment shall relieve the Company of its obligations
hereunder without the written consent of the Executive. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all
of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no
such succession had taken place. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and
agrees to perform this Agreement by operation of law, or otherwise. 

        17.    Entire Agreement.    This Agreement sets forth the entire agreement of the parties hereto and supersedes any
and all prior agreements and understandings concerning the Executive's employment by the Company; provided, however, that for purposes of clarification, it is understood that this Agreement is not in
any manner effective prior to the Effective Time and, if the Effective Time does not occur for any reason, including the abandonment of the Merger Agreement or the transactions described thereunder,
this Agreement shall not become effective. This Agreement may be changed only by a written document signed by the Executive and the Company. 

        18.    Severability.    If any one or more of the provisions, or portions of any provision, of the Agreement shall be
held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions or parts hereof shall not in any way be affected or impaired thereby. 

        19.    Governing Law.    THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE SUBSTANTIVE AND PROCEDURAL LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO RULES GOVERNING CONFLICTS OF LAW.

        20.    Arbitration.    Other than as set forth in Section 11, any controversy, claim or dispute arising out of
or relating to this Agreement or the Executive's employment by the Company, including, but not limited to, common law and statutory claims for discrimination, wrongful discharge, and unpaid wages,
shall be resolved by arbitration in New York, New York pursuant to then prevailing National Rules for the Resolution of Employment Disputes of the American Arbitration Association. It is the intent of
the
Company that, following a Change of Control, the Executive not be required to incur any expenses associated with the enforcement of his rights under this Agreement by arbitration, litigation or other
legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Executive hereunder. Accordingly, the Company shall pay the Executive on
demand the amount necessary to reimburse the Executive in full for all expenses (including all attorneys' fees and legal expenses) incurred by the Executive in enforcing any of the obligations of the
Company under this Agreement, or in defending any action by the Company against the Executive in respect of such obligations or the obligations of the Executive under this Agreement, if such action is
commenced on or following a Change of Control. The Company shall pay such expenses to the Executive upon demand in connection with any action described in the preceding sentence which is commenced
prior to a Change of Control if the Executive substantially prevails on at least one material issue in dispute. 

        21.    Indemnification.    During the Term, the Executive shall be entitled to indemnification and insurance coverage
for directors and officers liability, fiduciary liability and other liabilities arising out of the Executive's position with the Company in any capacity, in an amount not less than the highest 

9

 

amount available to any other senior level executive and to the full extent provided by the Company's certificate of incorporation or by-laws, and such coverage and protections, with
respect to the various liabilities as to which the Executive has been customarily indemnified prior to termination of employment, shall continue for at least six years following the end of the Term.
Any indemnification agreement entered into between the Company and the Executive shall continue in full force and effect in accordance with its terms following the termination of this Agreement. 

        22.    Notices.    All notices and other communications hereunder shall be in writing and shall be given by hand
delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, or by facsimile or nationally recognized overnight courier service, addressed as follows: 

If to Executive:

At the address set forth on the signature page. 

If to the Company:

Gart Sports Company

1050 West Hampden Avenue

Englewood, Colorado 80110

Attn: General Counsel

Telecopy: 303-864-2188 

or
to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 

        23.    Withholding.    The Company may withhold from amounts payable under this Agreement any and all federal, state,
and local taxes that are required to be withheld by any applicable laws and regulations. The Company may also withhold any amounts necessary pursuant to the benefit plans, policies, or arrangements of
the Company or otherwise, in accordance with any applicable Company policies, laws and/or regulations. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written. 

	 	 	GART SPORTS COMPANY
	

 	
 	

By:	

/s/ JOHN DOUGLAS MORTON

	 	 	Its: Chief Executive Officer
	

 	
 	

EXECUTIVE
	

 	
 	

By:	

/s/  MARTIN E. HANAKA      

Address
and contact information

for Martin E. Hanaka as of the date

hereof (not to be included with any

public filings): 

3100
N. Ocean Boulevard

#2704

Ft. Lauderdale, Florida 33308 

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EXHIBIT 10.23    
  

INDEMNIFICATION AGREEMENT  

        INDEMNIFICATION AGREEMENT (this "Agreement"), dated as of February     , 2003, between Gart Sports Company,
a Delaware corporation (the "Company") and                          ("Indemnitee"). 

        WHEREAS,
Indemnitee is [a director][an executive officer] of the Company; 

        WHEREAS,
the Bylaws of the Company provide certain indemnification rights to the [directors][executive officers] of the Company, and its
[directors][executive officers] have been otherwise assured indemnification, as provided by Delaware law; 

        WHEREAS,
in recognition of Indemnitee's need for substantial protection against personal liability in order to enhance Indemnitee's continued service to the Company in an effective
manner and Indemnitee's reliance on past assurances of indemnification, the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses (whether partial or
complete) to Indemnitee to the fullest extent permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the
Company's directors' and officers' liability insurance policies; 

        NOW,
THEREFORE, in consideration of the premises, the mutual covenants and agreements contained herein and Indemnitee's continuing to serve as [a
director][an executive officer] of the Company, the parties hereto agree as follows: 

        1.    Agreement to Serve.    Indemnitee hereby agrees to serve as [a member of the Board of Directors of
the Company (the "Board")][an executive officer of the Company] for so long as Indemnitee is duly elected or appointed. Indemnitee may, however, resign from such
position at any time and for any reason by delivering [his] [her] resignation pursuant to the Amended and Restated Bylaws of the Company. The Company's
obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment, resignation or dissolution. 

        2.    Indemnity.    The Company hereby agrees to hold harmless and indemnify Indemnitee with respect to
[his] [her] Corporate Status (as hereinafter defined) to the full extent authorized or permitted by the Delaware General Corporation Law
("DGCL"), as such may be amended from time to time, and Article VIII of the Amended and Restated Certification of Incorporation of the Company, as such may be further amended
from time to time. In furtherance of the foregoing, and without limiting the generality thereof: 

        (a)    Proceedings other than Proceedings by or in the Right of the Company.    Indemnitee shall be entitled to the
rights of indemnification provided in this Section 2(a) if, by reason of [his] [her] Corporate Status,
[he][she] is, or is threatened to be made, a party to or participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the
right of the Company. Pursuant to this Section 2(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined), judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by [him] [her] or on [his] [her] behalf in connection with such
Proceeding or any claim, issue or matter therein, if [he] [she] acted in good faith and in a manner [he]
[she] reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal Proceeding, had no reasonable cause to believe
[his] [her] conduct was unlawful. 

        (b)    Proceedings by or in the Right of the Company.    Indemnitee shall be entitled to the rights of indemnification
provided in this Section 2(b) if, by reason of [his] [her] Corporate Status, [he] [she] is, or is
threatened to be made, a party to or participant in any Proceeding 

1

 

brought by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by [him] [her] or on [his] [her] behalf in connection with such Proceeding if
[he] [she] acted in good faith and in a manner [he] [she] reasonably believed to be in or not opposed to
the best interests of the Company; provided, however, that, if applicable law so provides, no indemnification against such Expenses shall be made in
respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been finally adjudged to be liable to the Company unless and to the extent that the Court of Chancery of the
State of Delaware shall determine that such indemnification may be made. 

        (c)    Indemnification for Expenses of a Party Who is Wholly or Partly Successful.    Notwithstanding any other
provision of this Agreement, to the extent that Indemnitee is, by reason of [his] [her] Corporate Status, a party to and is successful, on the merits or
otherwise, in any Proceeding, [he] [she] shall be indemnified to the maximum extent permitted by law against all Expenses actually and reasonably
incurred by [him] [her] or on [his] [her] behalf in connection therewith. If Indemnitee is not wholly
successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or
matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by [him] [her] or on
[his] [her] behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the
termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

        3.    Additional Indemnity.    In addition to, and without regard to any limitations on, the indemnification provided
for in Section 2, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and
reasonably incurred by [him] [her] or on [his] [her] behalf if, by reason of
[his] [her] Corporate Status [he] [she] is, or is threatened to be made, a party to or participant in
any Proceeding (including a Proceeding by or in the right of the Company). The only limitation that shall exist upon the Company's obligations pursuant to this Agreement shall be that the Company
shall not be obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 7 and 8 hereof) to be unlawful under
Delaware law. 

        4.    Contribution in the Event of Joint Liability.    (a) Whether or not the indemnification provided in
Sections 2 and 3 hereof is available, in respect of any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be jointly liable
if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such action, suit or proceeding without requiring
Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of
any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be jointly liable if joined in such action, suit or proceeding) unless such settlement provides for a
full and final release of all claims asserted against Indemnitee. 

        (b)  Without
diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay
all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be jointly liable
if joined in such action, suit or proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or
payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, 

2

 

who are jointly liable with [him] [her] (or would be jointly liable if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on
the other hand, from the transaction from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of
relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors or employees of the Company, other
than Indemnitee, who are jointly liable with Indemnitee (or would be jointly liable if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection
with the events that resulted in such Expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which the law may require to be considered. The relative fault of
the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with [him]
[her] (or would be jointly liable if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among
other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary, and the degree to which
their conduct is active or passive. 

        (c)  The
Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers, directors or employees of the
Company who may be jointly liable with Indemnitee. 

        5.    Indemnification for Expenses of a Witness.    Notwithstanding any other provision of this Agreement, to the
extent that Indemnitee is, by reason of [his] [her] Corporate Status, a witness in any Proceeding to which Indemnitee is not a party,
[he] [she] shall be indemnified against all Expenses actually and reasonable incurred by [him] [her] or
on [his] [her] behalf in connection therewith. 

        6.    Advancement of Expenses.    Notwithstanding any other provision of this Agreement, the Company shall advance all
reasonable Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's Corporate Status within ten days after the receipt by the Company of a statement
or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably
evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be
determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 6 shall be unsecured and interest free.
Notwithstanding the foregoing, the obligation of the Company to advance Expenses pursuant to this Section 6 shall be subject to the condition that, if, when and to the extent that the Company
determines that Indemnitee would not be permitted to be indemnified under applicable law, the Company shall be entitled to be reimbursed, within 30 days of such determination, by
[him] [her] for all such amounts theretofore paid; provided, however, that if Indemnitee has commenced
or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that [he] [she] should be indemnified under
applicable law, any determination made by the Company that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to
reimburse the Company for any advance of Expenses until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). 

        7.    Procedures and Presumptions for Determination of Entitlement to Indemnification.    It is the intent of this
Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the law and public policy of the State of Delaware. Accordingly, the parties agree that 

3

 

the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 

        (a)  To
obtain indemnification (including, but not limited to, the advancement of Expenses and contribution by the Company) under this Agreement, Indemnitee shall submit to
the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what
extent Indemnitee is entitled to indemnification. The President, any Vice President or the General Counsel of the Company shall, promptly upon receipt of such a request for indemnification, advise the
Board in writing that Indemnitee has requested indemnification. 

        (b)  Upon
written request by Indemnitee for indemnification pursuant to the first sentence of Section 7(a) hereof, a determination, if required by applicable law, with
respect to Indemnitee's entitlement thereto shall be made in the specific case by one of the following three methods, which shall be at the election of Indemnitee: (1) by a majority vote of the
disinterested directors, even though less than a quorum, (2) by Independent Counsel in a written opinion, or (3) by the stockholders. 

        (c)  If
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 7(b) hereof, the Independent Counsel shall be
selected as provided in this Section 7(c). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board). Indemnitee or the
Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection
to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the
requirements of "Independent Counsel" as defined in Section 14(e) of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper
and timely objection, the person so selected shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel
unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within 30 days after submission by a Director of a written request for
indemnification pursuant to Section 7(a) hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition the Court of Chancery of the
State of Delaware or other court of competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the other's selection of Independent Counsel
and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so
resolved or the person so appointed shall act as Independent Counsel under Section 7(b) hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by
such Independent Counsel in connection with acting pursuant to Section 7(b) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this
Section 7(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

        (d)  In
making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume (unless there
is clear and convincing evidence to the contrary) that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with
Section 7(a) of this Agreement. 

4

 

        (e)  Indemnitee
shall be deemed to have acted in good faith if Indemnitee's action is based on the records or books of account of the Enterprise, including financial
statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records
given or reports made to the Enterprise by an independent certified public accountant, by a financial advisor or by an appraiser or other expert selected with reasonable care by the Enterprise. In
addition, the knowledge and/or actions, or failure to act, of any officer, director, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement. Whether or not the foregoing provisions of this Section 7(e) are satisfied, it shall in any event be presumed (unless there is clear and convincing
evidence to the contrary) that Indemnitee has at all times acted in good faith and in a manner [he] [she] reasonably believed to be in or not opposed to
the best interests of the Company. 

        (f)    The
Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits a party to avoid expense, delay, distraction,
disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including,
without limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed (unless there is clear and convincing evidence to the
contrary) that Indemnitee has been successful on the merits or otherwise in such action, suit or proceeding. 

        (g)  If
the person, persons or entity empowered or selected under Section 7(b) to determine whether Indemnitee is entitled to indemnification shall not have made a
determination within 60 days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
shall be entitled to such indemnification, absent a prohibition of such indemnification under applicable law; provided, however, that such 60 day period may be extended for a reasonable time,
not to exceed an additional 15 days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for
obtaining or evaluating documentation and/or information relating thereto; provided, further, that the foregoing provisions of this Section 7(g)
shall not apply if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 7(b) of this Agreement and if within 15 days after receipt by
the Company of the request for such determination the Board or the Disinterested Directors, if appropriate, resolve to submit such determination to the stockholders for their consideration at the next
annual meeting thereof and such determination is made thereat. 

        (h)  Indemnitee
shall cooperate with the person, persons or entity making such determination with respect to Indemnitee's entitlement to indemnification, including providing
to such person, persons or entity, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to
Indemnitee and reasonably necessary to such determination. Any Independent Counsel, member of the Board, or stockholder of the Company shall act reasonably and in good faith in making a determination
under this Agreement of Indemnitee's entitlement to indemnification. Any costs or expenses (including attorneys' fees and disbursements) incurred by Indemnitee in so cooperating with the person,
persons or entity making such determination shall be borne by the Company (irrespective of the determination as to
Indemnitee's entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

5

 

        8.    Remedies.    

        (a)  In
the event that (i) a determination is made pursuant to Section 7 of this Agreement that a director is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 6 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made
pursuant to Section 7(b) of this Agreement within 90 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to
this Agreement within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within ten days after a determination has been made that
Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 7 of this Agreement, and such matter has not been cured, Indemnitee shall be
entitled to an adjudication in an appropriate court of the State of Delaware, or in any other court of competent jurisdiction, of his entitlement to such indemnification. Indemnitee shall commence
such proceeding seeking an adjudication within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 8(a). The Company
shall not oppose Indemnitee's right to seek any such adjudication. 

        (b)  In
the event that a determination shall have been made pursuant to Section 7(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial
proceeding commenced pursuant to this Section 8 shall be conducted in all respects as a de novo trial, on the merits, and Indemnitee shall not be prejudiced by reason of that adverse
determination. 

        (c)  If
a determination shall have been made pursuant to Section 7(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by
such determination in any judicial proceeding commenced pursuant to this Section 8, absent a prohibition of such indemnification under applicable law. 

        (d)  In
the event that Indemnitee, pursuant to this Section 8, seeks a judicial adjudication of [his] [her] rights
under, or to recover damages for breach of, this Agreement, or to recover under any directors' and officers' liability insurance policies maintained by the Company, the Company shall pay on
[his] [her] behalf, in advance, any and all expenses (of the types described in the definition of Expenses in Section 14 of this Agreement)
actually and reasonably incurred by [him] [her] in such judicial adjudication, regardless of whether Indemnitee ultimately is determined to be entitled
to such indemnification, advancement of expenses or insurance recovery. 

        (e)  The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 8 that the procedures and presumptions of this
Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. 

        9.    Non-Exclusivity; Survival of Rights; Insurance; Subrogation.    

        (a)  The
rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under
applicable law, the Amended and Restated Certificate of Incorporation of the Company, the Amended and Restated Bylaws of the Company, any agreement, a vote of stockholders or a resolution of
directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action
taken or omitted by Indemnitee in [his] [her] Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the law,
whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Amended and Restated Certificate of Incorporation and this Agreement, it is the
intent of the 

6

 

parties hereto that Indemnitee shall enjoy, by this Agreement, the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or
remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

        (b)  To
the extent that the Company maintains an insurance policy or policies providing liability insurance for officers, directors, employees, or agents or fiduciaries of
the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Company, Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for Indemnitee under such policy or policies. 

        (c)  In
the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall
execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

        (d)  The
Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise
actually received such payment under any insurance policy, contract, agreement or otherwise. 

        10.    Exception to Right of Indemnification.    Notwithstanding any other provision of this Agreement, Indemnitee
shall not be entitled to indemnification under this Agreement with respect to any Proceeding brought by [him] [her], or any claim therein, unless
(a) the bringing of such Proceeding or making of such claim shall have been approved by the Board or (b) such Proceeding is being brought by Indemnitee to assert
[his] [her] rights under this Agreement. 

        11.    Duration of Agreement.    All agreements and obligations of the Company contained herein shall continue during
the period Indemnitee is serving as [an executive officer] [a director] of the Company (or is or was serving at the request of the Company as an
officer, director, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any
Proceeding (or any proceeding commenced under Section 7 hereof) by reason of [his] [her] Corporate Status, whether or not
[he] [she] is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under
this Agreement. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives. This
Agreement shall continue in effect regardless of whether Indemnitee continues to serve as [an executive officer][a director] of the Company or any other
Enterprise at the Company's request. 

        12.    Security.    To the extent requested by Indemnitee and approved by the Board, the Company may at any time and
from time to time provide security to Indemnitee for the Company's obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided
to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee. 

        13.    Enforcement.    

        (a)  The
Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve
as [an executive officer][a director] of the Company, as applicable, and the Company 

7

 

acknowledges that Indemnitee is relying upon this Agreement in serving as [an executive officer][a director] of the Company. 

        (b)  This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 

        14.    Definitions.    For purposes of this Agreement: 

        (a)  "Corporate
Status" describes the status of a person who is or was an executive officer or director of the Company. 

        (b)  "Disinterested
Director" means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

        (c)  "Enterprise"
shall mean the Company and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was
serving at the express written request of the Company as an officer, director, employee, agent or fiduciary. 

        (d)  "Expenses"
shall include all reasonable attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs,
printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding. 

        (e)  "Independent
Counsel" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years
has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement), or
(ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who,
under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights
under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities
and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

        (f)    "Proceeding"
includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative
hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise and whether civil, criminal, administrative or investigative, in which
Indemnitee was, is or will be involved as a party or otherwise, by reason of the fact that Indemnitee is [an executive officer][a director] of the
Company, by reason of any action taken by [him] [her] or of any inaction on [his] [her] part while
serving as [an executive officer][a director] of the Company or by reason of the fact that [he] [she] is
or was serving at the request of the Company as an officer, director, employee, consultant, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise, in each case whether or not [he] [she] is acting or serving in any such capacity at the time any liability or expense is incurred for which
indemnification can be provided under this Agreement, and excluding
one initiated by Indemnitee pursuant to Section 7 of this Agreement to enforce [his] [her] rights under this Agreement. 

8

 

        15.    Severability.    If any provision or provisions of this Agreement shall be held by a court of competent
jurisdiction to be invalid, void, illegal or otherwise unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement
(including without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; and (b) to the fullest extent possible, the provisions
of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

        16.    Modification and Waiver.    No supplement, modification, termination or amendment of this Agreement shall be
binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or
not similar), nor shall such waiver constitute a continuing waiver. 

        17.    Notice by Indemnitees.    Indemnitee agrees promptly to notify the Company in writing upon being served with
any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so
notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise. 

        18.    Period of Limitations.    No legal action shall be brought and no cause of action shall be asserted by or on
behalf of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, assigns or personal or legal representatives after the expiration two years from the date or
accrual of such cause of action, and to the fullest extent permitted by applicable law, any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless
asserted by the timely filing of a legal action within such two year period; provided, however, that if any shorter period of limitations is otherwise
applicable to any such cause of action, such shorter period shall govern unless a longer period is required by applicable law. 

        19.    Notices.    All notices, requests, demands and other communications hereunder shall be in writing and shall be
deemed to have been duly given if (i) delivered by and receipted for by the party to whom said notice or other communication shall have been directed, (ii) sent by nationally recognized
overnight courier or (iii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: 

	 	(a)	 	If to Indemnitee, to:	 	 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

with a copy to:	
 	

 
	

 	

 	
 	

	
 	

 
	
 	

 	
 	

 	
 	

 	
 	

 

9

 

	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

(b)	
 	

If to the Company, to:	
 	

 
	

 	

 	
 	

Gart Sports Company

1050 West Hampden Avenue

Englewood, Colorado 80110	
 	

 
	 	 	 	Attn:	 	
	 	 
	

 	

 	
 	

with a copy to:	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 
	

 	

 	
 	

	
 	

 

or
to such other address as may have been furnished to Indemnitees by the Company or to the Company by Indemnitee, as the case may be. 

        20.    Identical Counterparts.    This Agreement may be executed in one or more counterparts, each of which shall for
all purposes be deemed to be an original but all of which together shall constitute one and the
same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

        21.    Headings.    The headings of the paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction thereof. 

        22.    Governing Law.    The parties agree that this Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware, without application of the conflict of laws principles thereof. 

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        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

	 	 	GART SPORTS COMPANY
	

 	
 	

By	

 Name:

Title
	

 	
 	

[                                         
       ]

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QuickLinks

EXHIBIT 10.23

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