Document:

Exhibit 10.1

 

THIRD
AMENDMENT TO PIER 1 IMPORTS, INC.

2006 STOCK INCENTIVE PLAN (OMNIBUS PLAN)

RESTATED AS AMENDED THROUGH MARCH 25, 2008

 

WHEREAS, Pier 1
Imports, Inc. has heretofore adopted the Pier 1 Imports, Inc. 2006
Stock Incentive Plan (the “Plan”) effective March 23, 2006;

 

WHEREAS, the Plan was restated as amended through March 25,
2008;

 

WHEREAS, the Plan was amended by a First Amendment
effective December 15, 2008 and a Second Amendment effective August 17,
2009;

 

NOW, THEREFORE, the Plan is amended as
follows:

 

1.             Subsection (c) of
Paragraph XI of the Plan as amended is replaced with the following:

 

“(c)         Director
Deferred Stock Unit Award Payouts.  At the time that a Director ceases to be a
Director of the Company, the deferred stock units then credited to such
Director (as adjusted [both as to deferred stock units and cash fees] for the
period of service as a Director) shall be exchanged for shares of Common Stock
which will be distributed to such Director. 
The transfer of shares of Common Stock to a Director in exchange for
such Director’s deferred stock units shall be effected within five (5) business
days after the date such Director ceases to be a Director of the Company.  Deferred stock units shall be paid in cash
within such five (5) business day period to the extent applicable Plan
limitations at such time preclude Plan distributions of Common Stock.”

 

2.             All terms used
in this Third Amendment, unless specifically defined herein, have the same
meanings attributed to them in the Plan. As amended hereby, the Plan is
specifically ratified and reaffirmed.

 

IN WITNESS WHEREOF, the party
hereto has caused this Third Amendment to be executed effective as of October 9,
2009.

 

	
   

  	
  PIER 1 IMPORTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Michael
  A. Carter

  
	
   

  	
   

  	
  Senior
  V.P. and General Counsel, SecretaryExhibit 10.2

 

PIER 1 IMPORTS

NON-EMPLOYEE DIRECTOR
COMPENSATION PLAN

ADOPTED JUNE 24, 1999

AS
AMENDED OCTOBER 9, 2009

 

Cash
Compensation (payable in advance at beginning of each fiscal year on the first
business day of such fiscal year)

 

	
  ·

  	
   

  	
  Non-Employee Director Annual Retainer

  	
   

  	
  $

  	
  150,000

  	
   

  
	
  ·

  	
   

  	
  Audit Committee Chair Annual Retainer

  	
   

  	
  $

  	
  25,000

  	
   

  
	
  ·

  	
   

  	
  Compensation Committee Chair Annual
  Retainer

  	
   

  	
  $

  	
  25,000

  	
   

  
	
  ·

  	
   

  	
  Nominating/Corporate Governance Committee Chair Annual Retainer

  	
   

  	
  $

  	
  10,000

  	
   

  
	
  ·

  	
   

  	
  Non-Executive Chairman of the Board Annual Retainer

  	
   

  	
  $

  	
  75,000

  	
   

  

 

Director Deferred Stock Units

 

·                  Pursuant to the
Director Deferred Stock Unit Awards program  set forth in
the Pier 1 Imports, Inc. 2006 Stock Incentive Plan,
as amended (the “Plan”).

·                  Each Non-Employee
Director may elect to defer up to 100% (in whole percentages) of their cash
fees (i.e., director, committee chair and chairman annual retainers) for an
upcoming fiscal year into an equivalent value of deferred stock units (up to
the Plan’s maximum calendar year limit of 375,000 units per individual), provided
that any such deferral election is made on or before and becomes irrevocable as
of the December 31 immediately preceding such fiscal year and is effective
for the entire fiscal year.

·                  Deferrals of
the director annual retainer (other than the portion of the deferral
representing committee chair or chairman annual retainers) are credited with an
additional 25% of the deferred amount.

·                  At the time a Non-Employee
Director ceases to be a Director of the Company, and provided that such
Director has not repaid the Company in cash for any compensation applicable to
the time period following the Director ceasing to be a Director of the Company,
the deferred stock units credited to such Director at that time shall be
adjusted by the Company to remove from the credited amount (i) any portion
of the deferred stock units applicable to the time period following the
Director ceasing to be a Director of the Company, plus (ii) an amount of
deferred stock units equal to any cash compensation paid to the Non-Employee
Director for such time period (such units to be valued as of the date the
Director ceases to be a Director). The amount of deferred stock units, as
adjusted if applicable, will be converted on a unit-to-share basis and paid to
the Non-Employee Director in the form of a single distribution of Pier 1
Imports, Inc. common stock as soon as administratively feasible, but
within 5 business days, after the Non-Employee Director ceases to be a Director
of the Company.  Provided, however, that
deferred units (valued as of the date the Director ceases to be a Director)
will be paid in cash to the extent that applicable Plan limitations at such
time preclude Plan distributions of Pier 1 Imports, Inc. common stock.

 

1Exhibit 10.3

 

AMENDMENT NO. 3

TO

CREDIT CARD PROGRAM AGREEMENT

 

This Amendment No. 3 to
the Credit Card Program Agreement (the “Amendment”) is made and entered into
this 15th day of December, 2009 (“Effective Date”),
between and among Pier 1 Imports (U.S.), Inc., a Delaware corporation (“Pier
1”) and Chase Bank USA, N.A. (“Bank”).

 

WITNESSETH:

 

WHEREAS, Pier 1 and
Bank executed that certain Credit Card Program Agreement dated August 30,
2006, which was subsequently amended by Amendment No. 1 to Credit Card Program
Agreement dated November 17, 2006, and Amendment No. 2 to Credit Card
Program Agreement dated June 8, 2007 (collectively, the “Program Agreement”);

 

WHEREAS, pursuant to the
terms of the Program Agreement, Bank from time to time uses its databases,
analytic tools and marketing research and its marketing support services to
assist Pier 1 and its Affiliates in their promotion of Pier 1 Channels, and/or
the marketing and promotion of Pier 1 Goods and Services and/or Pier 1 Credit
Cards (collectively referred to herein as “Marketing Support”);

 

WHEREAS, as part of
such Marketing Support, Bank has been requested by Pier 1 to review and analyze
the Marketing Support Information (hereinafter defined);

 

WHEREAS, Pier 1 and
Bank now desire to further amend the Program Agreement in order to allow for
the disclosure by Pier 1 and the use by Bank of the Marketing Support
Information but only for the purposes set forth herein; and

 

NOW,
THEREFORE, in consideration of the premises, the mutual
covenants herein contained, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.             Definitions.  For purposes of this Amendment, capitalized
terms used but not otherwise defined in this Amendment will have the meaning
ascribed to such terms in the Program Agreement.

 

2.             Sections 2.3 and 2.4.  Article 2 is hereby amended by the
addition of two new sections, captioned as 2.3 and 2.4 respectively.

 

 

“2.3 Marketing Support Information.

 

(a) In
order to assist Bank in the performance of its Marketing Support services, Pier
1 agrees to provide Bank the information shown on Schedule 2.3 attached hereto
and made a part hereof (the “Marketing Support Information”).

 

(b) Pier 1 will deliver the Marketing
Support Information in FTP format utilizing the same secure protocols as
required by Section 7.5(c) of the Agreement.  This will include the use of data encryption
or another form of agreed-upon secure data transmission method.

 

(c) Notwithstanding
anything to the contrary herein, Bank acknowledges and agrees that Pier 1 may,
in its sole and absolute discretion, cease providing all or any part of the
Marketing Support Information at any time.

 

2.4 Confidential
Information.  Bank acknowledges and
agrees that the Marketing Support Information is non-public information of Pier
1, is the sole and exclusive property of Pier 1 and is “Confidential
Information” of Pier 1 as defined by Article XIII of the Agreement.  In addition to the terms and conditions set
forth in Article XIII of the Agreement governing the confidential nature
of the Marketing Support Information, Bank agrees to the following additional
restrictions with respect to the Marketing Support Information:

 

(a) The Marketing Support Information will
be used solely and exclusively by Bank for Marketing Support;

 

(b) The Marketing Support Information
will remain confidential and will not be disseminated by Bank except as
necessary for Marketing Support and then only to Bank’s employees who are advised
of the confidential nature of this information, and in a secure manner designed
to ensure that only the intended recipients will be able to access the
Marketing Support Information; and

 

(c) Bank shall delete and/or destroy all
Marketing Support Information after such information is no longer needed for
Marketing Support or upon the earlier request of Pier 1, and shall certify such
deletion and/or destruction to Pier 1 upon request excluding any archival copy
retained systemically as a function of the Bank disaster recovery process,
which shall be maintained in confidence pursuant hereto until such time as the
information is destroyed in accordance with Chase’s, usual and customary
process for destruction of the same.”

 

3.             Schedule 3.2(e).  Schedule 3.2(e) is amended to reflect
modifications agreed to by the Management Committee regarding existing Account
terms.  The amended Schedule 3.2(e) is
attached hereto and incorporated by reference.

 

4.             Notice. Any notice, approval, acceptance or consent
required or permitted to be given to Pier 1 under the Agreement shall be delivered
according to the terms and conditions set forth in Section 18.13 of the
Agreement and addressed as follows:

 

2

 

	
  If to Pier 1:

  	
   

  	
  100 Pier 1 Place

  
	
   

  	
   

  	
  Ft. Worth, Texas 76102

  
	
   

  	
   

  	
  Attn: Michael A.
  Carter, Esq.

  
	
   

  	
   

  	
  Fax: (817) 252-334-0191

  
	
   

  	
   

  	
   

  
	
  With a copy to (which
  shall not constitute notice):

  	
   

  	
  Bracewell &
  Giuliani LLP

  
	
   

  	
   

  	
  1445 Ross Avenue

  
	
   

  	
   

  	
  Suit 3800

  
	
   

  	
   

  	
  Dallas, Texas 75270

  
	
   

  	
   

  	
  Attn: Bruce Cheatham, Esq.

  
	
   

  	
   

  	
  Fax: (214) 758-8317

  

 

 

5.             Ratification.  Except as expressly modified herein, the
Parties hereby ratify and confirm that all other provision of the Program
Agreement remain in full force and effect.

 

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

 

 

	
   

  	
  PIER
  1 IMPORTS (U.S.), INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Charles
  H. Turner

  
	
   

  	
  Title:

  	
  Executive
  V.P. and CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CHASE
  BANK USA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Donna
  Barnett

  
	
   

  	
  Title:

  	
  General Manager

  

 

3

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