Document:

Amendment to Employment Agreement

 Exhibit 10.1.2 
 Amendment to Employment Agreement 
 THIS AMENDMENT TO
EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into effective as of November 8, 2011 (the “Amendment Effective Date”), by and between The Wet Seal, Inc., a Delaware corporation
(the “Company”), and Ken Seipel (the “Executive” and, together with the Company, the “Parties”). 

Whereas, the Company and Executive entered into that certain Employment Agreement (the
“Agreement”) dated as of March 21, 2011, as amended as of August 4, 2011, and 

Whereas, the Parties desire to amend Section 3.6 of the Agreement in the manner reflected herein, and

 Whereas, the Board of Directors of the Company has approved the amendment of the Agreement in the
manner reflected herein, 
 Now Therefore, in consideration of the premises and mutual covenants and
conditions herein, the Parties, intending to be legally bound, hereby agree as follows, effective as of the Amendment Effective Date: 
 1. Relocation. Section 3.6 of the Agreement is hereby deleted and replaced in its entirety with the following (with all capitalized terms having the meaning originally ascribed thereto in the
Agreement): 
 “3.6 Relocation Expenses. Executive shall relocate Executive’s primary residence
to within sixty (60) miles of the Company’s principal offices in Foothill Ranch, California by no later than February 1, 2012. The Company shall reimburse Executive up to $50,000 for reasonable expenses to relocate Executive’s
household to the Foothill Ranch, California area by February 1, 2012. In addition, the Company shall reimburse Executive up to $8,000 per month for temporary housing expenses in the Foothill Ranch, California area for up to one hundred twenty
(120) days following the Effective Date. Executive shall be required to submit receipts in accordance with Company policy prior to reimbursement.” 
 2. Counterparts. This Amendment may be executed in one or more facsimile, electronic or original counterparts, each of which shall be deemed an original and both of which together shall
constitute the same instrument. 
 3. Ratification. All terms and provisions of the Agreement not amended
hereby, either expressly or by necessary implication, shall remain in full force and effect. From and after the date of this Amendment, all references to the term “Agreement” in this Amendment or the original Agreement shall
include the terms contained in this Amendment. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment
to Employment Agreement effective as of the Amendment Effective Date. 
  

			
	 THE WET SEAL, INC.

		
	 By:
	 	 /s/ Susan P. McGalla

		 	 Name: Susan P. McGalla

		 	 Title: Chief Executive Officer

	
	 /s/ Ken Seipel

	 Ken SeipelEmployment Agreement--Harriet Sustarsic

 Exhibit 10.2 
 November 1, 2011 
 Ms. Harriet Sustarsic 

3100 Alma Ave. 

Manhattan Beach, CA. 90266 
 Dear Harriet: 
 The Wet Seal, Inc. is pleased to offer you employment as Executive
Vice President and Chief Merchandise Officer for The Wet Seal Division (“Wet Seal” or “the Company”), reporting to Susan McGalla, Chief Executive Officer. You will receive a starting bi-weekly base salary of $15,384.61 (26 pay
periods per year). Annually, this figure is $400,000.00. Your start date will be November 28, 2011. Your base salary will be paid to you in accordance with the Company’s standard payroll practices less applicable state and federal withholdings.

 The Wet Seal, Inc. is also pleased to offer you $50,000, less applicable state and federal withholdings, to assist with your
relocation, such amount to be earned based on your continued employment through the first anniversary of your commencement of employment. Should you voluntarily leave the Company’s employment within the first 12 months of your commencement of
employment, you must repay to the Company a pro-rated amount of the relocation assistance provided hereunder, based upon the number of full months of service you provide to the Company prior to your termination of employment. By signing below, you
agree that in the event you are required to repay any portion of the relocation assistance amount, the Company may deduct this amount from any salary, bonus, vacation, expense reimbursements or other payments otherwise payable to you at that time.

 It is expected that within three (3) months of your first date of employment that you will relocate to within forty
(40) miles of the corporate headquarters in Foothill Ranch, California. 
 Beginning on your start date, we will provide
you with three (3) months of temporary housing, in the form of a furnished, one bedroom corporate apartment, at a maximum cost to the Company of $3,000 per month. 
 You are eligible to participate in the 2012 The Wet Seal, Inc. Corporate Incentive Plan with a current target of 50% of your base salary and with a current stretch opportunity of 100% of your base salary.
Plan awards are based on Company financial performance. For additional details, please refer to the plan document. 

  
 1 

 Subject to the approval of the Compensation Committee of the Company’s Board of
Directors, the Company will grant you an option to purchase 125,000 shares of Wet Seal common stock at the market closing price on your date of hire. These options will vest annually over 3 years beginning on the first anniversary of your grant
date, subject to your continued service with the Company through each such vesting date. The options will otherwise be subject to the terms and conditions of the plan pursuant to which they are granted and an option agreement to be entered into
between you and the Company. 
 In addition, while employed hereunder, the Company will provide you with a monthly allowance of
$900 for all of your automobile expenses. This allowance shall be payable to you on the regular payroll dates of the Company and shall be prorated for any partial months. 
 You are eligible to participate in the company’s benefits effective the first day of the month following your start date. Vacation accrues at the rate of three weeks per year, provided, that
once you accrue 4.5 weeks of vacation, you will cease to accrue additional vacation time until your accrued vacation balance is reduced below such limit. The Wet Seal operates on a Focal Review cycle. Performance assessments are normally conducted
in April of each year and may be pro-rated accordingly. You will be eligible for a merit increase in 2012. Please refer to the employee handbook for further information. 
 Employment at The Wet Seal, Inc. is on an “at will” basis, which means that either the Company or the employee may terminate the employment relationship at any time for any reason with or
without cause or notice. Nothing in this letter alters the “at will” agreement. 
 In the event of a termination of
your employment by the Company without Cause (as defined below) on or before the first anniversary of your start date with the Company, and contingent on your delivering to the Company, and not revoking, an executed release (the
“Release”), substantially in the form attached hereto as Exhibit A, within thirty-five (35) days following the date of termination of your employment, provided that the Company has delivered to you the Release for execution within
three (3) business days following the date of your termination, you would be entitled to total severance payments equal to six months, or 50%, of your annual base salary at the time of your termination, payable in six (6) equal monthly
installments commencing on, or as soon as administratively practicable after, the date the Release is first effective and irrevocable (each such installment shall be treated as a separate payment under Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”)). For purposes of these severance provisions, “Cause” shall mean: 
  

	 	 (i)
	 any act of material misconduct or material dishonesty by you in the performance of your duties for the Company; 

 

	 	 (ii)
	 any willful failure, neglect or refusal by you to perform your duties under your job description or to follow the lawful instructions of the
Company’s Board of Directors; 

  

	 	 (iii)
	 any breach by you of your fiduciary duties to the Company or your commission of any fraud or embezzlement against the Company (whether or not a
misdemeanor); 

  

	 	 (iv)
	 your being convicted of (or pleading guilty or nolo contendere to) any felony or misdemeanor involving theft, embezzlement, dishonesty or
moral turpitude; 

  

	 	 (v)
	 your failure to relocate to within forty (40) miles of the corporate headquarters in Foothill Ranch, California, within three (3) months
of your first date of employment, and/or 

  

	 	 (vi)
	 your failure to comply with the policies of the Company in effect from time to time relating to conflicts of interest, ethics, codes of conduct,
insider trading, or discrimination and harassment, or other breach of your fiduciary duties to the Company, which failure or breach is materially injurious to the business or reputation of the Company. 

  
 2 

 This offer is contingent upon proper U.S. work authorization, successful completion of all
reference checks, background investigation, and the completion of Wet Seal’s standard package of new hire forms (including Confidentiality/Non-Disclosure and Arbitration Agreements). 

I look forward to you joining our team! Please sign your acceptance of this employment opportunity below and return to my attention.

  

			
	 Sincerely,

		
		 	 /s/    Susan McGalla

 

		 	 Susan McGalla

		 	 Chief Executive Officer
 The Wet Seal, Inc.

 I accept the terms and conditions of this offer letter. 

 

					
	 /s/    Harriet Sustarsic
	  		  	 November 3, 2011

	 Signature (Harriet Sustarsic)
	  		  	 Date

  
 3Employment Agreement--Barbara Cook

 Exhibit 10.3 
 November 7, 2011 
 Ms. Barbara Cook 

1765 Northshore 

Dr. Richmond, CA. 94804 
 Dear Barbara: 
 The Wet Seal, Inc. is pleased to offer you employment as Senior
Vice President of Store Operations for The Wet Seal, Inc. (“Wet Seal” or “the Company”), reporting to Kenneth Seipel, President and Chief Operating Officer. You will receive a starting bi-weekly base salary of $13,461.53 (26 pay
periods per year). Annually, this figure is $350,000.00. Your start date will be determined after acceptance of this offer. Your base salary will be paid to you in accordance with the Company’s standard payroll practices less applicable state
and federal withholdings. 
 The Wet Seal, Inc. is also pleased to offer you $50,000 to assist with your relocation, such amount
to be earned based on your continued employment through the first anniversary of your commencement of employment. At your option, this may be paid to you as reimbursements of actual relocation costs incurred and paid by you, or you may submit
invoices for your relocation costs for direct payment by the Company to the relocation service providers. The amount, if any, by which $50,000 exceeds the total relocation costs incurred and submitted by you for payment by the Company will be paid
to you as an additional relocation bonus no later than April 16, 2012. For the avoidance of doubt, in any event, total relocation assistance paid by the Company will be $50,000 and will only be earned if you remain continuously employed by the
Company through the first anniversary of your commencement of employment. Should you voluntarily leave the Company’s employment within the first 12 months of your commencement of employment with the Company, you must repay to the Company a
pro-rated amount of the relocation assistance provided hereunder, based upon the number of full months of service you provide to the Company prior to your termination of employment. By signing below, you agree that in the event you are required to
repay any portion of the relocation assistance amount, the Company may deduct this amount from any salary, bonus, vacation, expense reimbursements or other payments otherwise payable to you at that time. 

It is expected that by April 1, 2012 that you will relocate to within forty (40) miles of the corporate headquarters in
Foothill Ranch, California. 
 Beginning on January 1, 2012, we will provide you with three (3) months of temporary
housing, in the form of a furnished, one bedroom corporate apartment, at a maximum cost to the Company of $3,000 per month. This benefit will end on March 31, 2012. If you incur hotel costs in the month of December for trips to the corporate
headquarters in Orange County, CA., these will be at cost to you. We will also assist with your travel home by providing round trip airfare six (6) times within the first three (3) months of employment. 

  
 1 

 You are eligible to participate in the 2012 The Wet Seal, Inc. Corporate Incentive Plan with
a current target of 40% of your base salary and with a current stretch opportunity of 80% of your base salary. Plan awards are based on company financial performance. For additional details, please refer to the plan document. 

Subject to the approval of the Compensation Committee of the Company’s Board of Directors, the Company will grant you an option to
purchase 90,000 shares of Wet Seal common stock at the market closing price on your date of hire. These options will vest annually over 3 years beginning on the first anniversary of your grant date, subject to your continued service with the Company
through each such vesting date. The options will otherwise be subject to the terms and conditions of the plan pursuant to which they are granted and an option agreement to be entered into between you and the Company. 

In addition, while employed by the Company hereunder, the Company will provide you with a monthly allowance of $900 for your automobile
expenses. This allowance shall be payable to you on the regular payroll dates of the Company and shall be prorated for any partial months. 
 You are eligible to participate in the company’s benefits effective the first day of the month following your start date. Vacation accrues at the rate of three weeks per year, provided,
that once you accrue 4.5 weeks of vacation, you will cease to accrue additional vacation time until your accrued vacation balance is reduced below such limit. The Wet Seal operates on a Focal Review cycle. Performance assessments are normally
conducted in April of each year and may be pro-rated accordingly. You will be eligible for a merit increase in 2012. Please refer to the employee handbook for further information. 

Employment at The Wet Seal, Inc. is on an “at will” basis, which means that either the Company or the employee may terminate
the employment relationship at any time for any reason with or without cause or notice. Nothing in this letter alters the “at will” agreement. 
 In the event of a termination of your employment by the Company without Cause (as defined below) on or before the first anniversary of your start date with the Company, and contingent on your delivering
to the Company, and not revoking, an executed release (the “Release”), substantially in the form attached hereto as Exhibit A, within thirty-five (35) days following the date of termination of your employment, provided that the
Company has delivered to you the Release for execution within three (3) business days following the date of your termination, you would be entitled to total severance payments equal to six months, or 50%, of your annual base salary at the time
of your termination, payable in six (6) equal monthly installments commencing on, or as soon as administratively practicable after, the date the Release is first effective and irrevocable (each such installment shall be treated as a separate
payment under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)). For purposes of these severance provisions, “Cause” shall mean: 

 

	 	 (i)
	 any act of material misconduct or material dishonesty by you in the performance of your duties for the Company; 

 

	 	 (ii)
	 any willful failure, neglect or refusal by you to perform your duties under your job description or to follow the lawful instructions of the
Company’s Board of Directors; 

  

	 	 (iii)
	 any breach by you of your fiduciary duties to the Company or your commission of any fraud or embezzlement against the Company (whether or not a
misdemeanor); 

  

	 	 (iv)
	 your being convicted of (or pleading guilty or nolo contendere to) any felony or misdemeanor involving theft, embezzlement, dishonesty or
moral turpitude; 

  
 2 

	 	 (v)
	 your failure to relocate to within forty (40) miles of the corporate headquarters in Foothill Ranch, California, within three (3) months
of your first date of employment, and/or 

  

	 	 (vi)
	 your failure to comply with the policies of the Company in effect from time to time relating to conflicts of interest, ethics, codes of conduct,
insider trading, or discrimination and harassment, or other breach of your fiduciary duties to the Company, which failure or breach is materially injurious to the business or reputation of the Company. 

This offer is contingent upon proper U.S. work authorization, successful completion of all reference checks, background investigation,
and the completion of Wet Seal’s standard package of new hire forms (including Confidentiality/Non-Disclosure and Arbitration Agreements). 
 I look forward to you joining our team! Please sign your acceptance of this employment opportunity below and return to my attention. 

 

			
	 Sincerely,

		
		 	 /s/    Kenneth Seipel

 

		 	 Kenneth Seipel

		 	 President and Chief Operating Officer
 The Wet Seal, Inc.

 I accept the terms and conditions of this offer letter. 

 

					
	 /s/    Barbara Cook
	  		  	 November 7, 2011

	 Signature (Barbara Cook)
	  		  	 Date

  
 3

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