Document:

EX-10.(OO) SECOND AMENDMENT TO CREDIT AGREEMENT

 

EXHIBIT 10(oo)

SECOND AMENDMENT TO 

REVOLVING CREDIT AGREEMENT 

     THIS SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”), is made and entered
into as of February 27, 2006, by and among AARON RENTS, INC., a Georgia corporation (the
“Borrower”), AARON RENTS, INC. PUERTO RICO, a Puerto Rico corporation (the “Co-Borrower” and
together with the Borrower, the “Borrowers”), the several banks and other financial institutions
from time to time party hereto (collectively, the “Lenders”) and SUNTRUST BANK, in its capacity as
Administrative Agent for the Lenders (the “Administrative Agent”).

W I T N E S S E T H:

     WHEREAS, the Borrowers, the Lenders and the Administrative Agent are parties to that certain
Revolving Credit Agreement, dated as of May 28, 2004, as amended by that certain First Amendment to
Revolving Credit Agreement, dated as of July 27, 2005 (as so amended and as may be further amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized
terms used herein and not otherwise defined shall have the meanings assigned to such terms in the
Credit Agreement), pursuant to which the Lenders have made certain financial accommodations
available to the Borrowers;

     WHEREAS, the Borrowers have requested that the Lenders and the Administrative Agent amend
certain provisions of the Credit Agreement, and subject to the terms and conditions hereof, the
Lenders are willing to do so;

     NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of all of
which are acknowledged, the Borrowers, the Lenders and the Administrative Agent agree as follows:

1. Amendments

	(a)	 	Section 1.1 of the Credit Agreement is hereby amended by replacing the
definitions of “LC Commitment”, “Revolving Commitment Termination Date”, and “Swingline
Commitment” with the following definitions:

          “LC Commitment” shall mean that portion of the Aggregate Revolving Commitments that may be
used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to
exceed $10,000,000.

          “Revolving Commitment Termination Date” shall mean the earliest of (i) May 28, 2008, (ii) the
date on which the Revolving Commitments are terminated pursuant to Section 2.8(b) or
Section 8.1 and (iii) the date on which all amounts outstanding under this Agreement have
been declared or have automatically become due and payable (whether by acceleration or otherwise).

 

 

          “Swingline Commitment” shall mean the commitment of the Swingline Lender to make Swingline
Loans in an aggregate principal amount at any time outstanding not to exceed $15,000,000.

     (b) Schedule 1.1(b) of the Credit Agreement is hereby amended by deleting such Schedule in its
entirety and replacing it with Schedule 1.1(b) attached to this Amendment and by this reference
incorporated herein and in the Credit Agreement.

     (c) Section 2.25(a) of the Credit Agreement is hereby amended by replacing such section with
the following subsection (a):

               (a) So long as no Event of Default has occurred and is continuing, Borrower may,
at any time by written notice to the Administrative Agent, who shall promptly notify
the Lenders, request that the Aggregate Revolving Commitment be increased up to an
amount not to exceed $170,000,000 (the “Requested Commitment Amount”). No Lender (or
any successor thereto) shall have any obligation to increase its Revolving Commitment
or its other obligations under this Agreement and the other Loan Documents, and any
decision by a Lender to increase its Revolving Commitment shall be made in its sole
discretion independently from any other Lender.

     2. Conditions to Effectiveness of this Amendment. Notwithstanding any other provision
of this Amendment and without affecting in any manner the rights of the Loan Parties hereunder, it
is understood and agreed that this Amendment shall not become effective, and the Borrowers shall
have no rights under this Amendment, until (a) the Administrative Agent shall have received (i)
reimbursement or payment of its costs and expenses incurred in connection with this Amendment or
otherwise outstanding (including reasonable fees, charges and disbursements of King & Spalding LLP,
counsel to the Administrative Agent), (ii) a favorable written opinion of Kilpatrick Stockton, LLP,
counsel to the Loan Parties, addressed to the Administrative Agent and each of the Lenders, and
covering such matters relating to the Loan Parties, this Amendment and the transactions
contemplated herein as the Administrative Agent or the Required Lenders shall reasonably request,
each in form and substance reasonably satisfactory to the Administrative Agent, (iii) a certificate
of the Secretary or Assistant Secretary of each Loan Party, certifying copies of its bylaws and of
the resolutions of its boards of directors, authorizing the execution, delivery and performance of
this Amendment and certifying the name, title and true signature of each officer of such Loan Party
executing this Amendment, (iv) executed counterparts to this Amendment from the Borrower, each of
the Guarantors and the Required Lenders and (v) duly executed Revolving Credit Notes executed by
the Borrower payable to such Lender; and duly executed Notes executed by the Co-Borrower payable to
such Lender and (b) the Borrowers shall have prepaid the Loans in their entirety and, to the extent
the Borrowers elect to do so and subject to the conditions specified in Article II, the Borrowers
shall reborrow Loans from the Lenders in proportion to their respective Revolving Commitments after
giving effect to this Amendment, until such time as all outstanding Loans are held by the Lenders
in proportion to their respective Commitments after giving effect to this Amendment, and effective
upon the effectiveness of this Amendment, the amount of the participations held by each Lender in
each Letter of Credit then outstanding shall

 

 

be adjusted automatically such that, after giving effect to such adjustments, the Lenders
shall hold participations in each such Letter of Credit in proportion to their respective Revolving
Commitments. The Administrative Agent, the Lenders and the Borrowers hereby agree that the
prepayment referred to in clause (b) of the previous sentence shall be without premium or penalty
to the Borrowers and no compensation under Section 2.18 of the Credit Agreement shall be required
to be paid by Borrowers to any of the Lenders or Administrative Agent in connection with such
prepayment.

     3. Representations and Warranties. To induce the Lenders and the Administrative Agent
to enter into this Amendment, the Borrowers hereby represent and warrant to the Lenders and the
Administrative Agent that:

     (a) The execution, delivery and performance by the Borrowers of this Amendment (i) are within
the Borrowers’ power and authority; (ii) have been duly authorized by all necessary corporate and
shareholder action; (iii) are not in contravention of any provision of the Borrowers’ certificates
of incorporation or bylaws or other organizational documents; (iv) do not violate any law or
regulation, or any order or decree of any Governmental Authority; (v) do not conflict with or
result in the breach or termination of, constitute a default under or accelerate any performance
required by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which
the Borrowers or any of their Subsidiaries is a party or by which the Borrowers or any such
Subsidiary or any of their respective property is bound; (vi) do not result in the creation or
imposition of any Lien upon any of the property of the Borrowers or any of their Subsidiaries; and
(vii) do not require the consent or approval of any Governmental Authority or any other person;

     (b) This Amendment has been duly executed and delivered for the benefit of or on behalf of the
Borrowers and constitutes a legal, valid and binding obligation of each Borrower, enforceable
against each Borrowers in accordance with its terms except as the enforceability hereof may be
limited by bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’
rights and remedies in general; and

     (c) After giving effect to this Amendment, the representations and warranties contained in the
Credit Agreement and the other Loan Documents are true and correct in all material respects, and no
Default or Event of Default has occurred and is continuing as of the date hereof.

     4. Reaffirmation of Guaranty. The Guarantor consents to the execution and delivery by
the Borrowers of this Amendment and ratifies and confirms the terms of the Subsidiary Guaranty
Agreement with respect to the indebtedness now or hereafter outstanding under the Credit Agreement
as amended hereby and all promissory notes issued thereunder. The Guarantor acknowledges that,
notwithstanding anything to the contrary contained herein or in any other document evidencing any
indebtedness of the Borrowers to the Lenders or any other obligation of the Borrowers, or any
actions now or hereafter taken by the Lenders with respect to any obligation of the Borrowers, the
Subsidiary Guaranty Agreement (i) is and shall continue to be a primary obligation of the
Guarantor, (ii) is and shall continue to be an absolute, unconditional, continuing and irrevocable
guaranty of payment, and (iii) is and shall continue to

 

 

be in full force and effect in accordance with its terms. Nothing contained herein to the
contrary shall release, discharge, modify, change or affect the original liability of the Guarantor
under the Subsidiary Guaranty Agreement.

     5. Effect of Amendment. Except as set forth expressly herein, all terms of the Credit
Agreement, as amended hereby, and the other Loan Documents shall be and remain in full force and
effect and shall constitute the legal, valid, binding and enforceable obligations of the Borrowers
to the Lenders and the Administrative Agent. The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power
or remedy of the Lenders under the Credit Agreement, nor constitute a waiver of any provision of
the Credit Agreement. This Amendment shall constitute a Loan Document for all purposes of the
Credit Agreement.

     6. Governing Law. This Amendment shall be governed by, and construed in accordance
with, the internal laws of the State of Georgia and all applicable federal laws of the United
States of America.

     7. No Novation. This Amendment is not intended by the parties to be, and shall not be
construed to be, a novation of the Credit Agreement or an accord and satisfaction in regard
thereto.

     8. Costs and Expenses. The Borrowers agree to pay on demand all costs and expenses of
the Administrative Agent in connection with the preparation, execution and delivery of this
Amendment, including, without limitation, the reasonable fees and out-of-pocket expenses of outside
counsel for the Administrative Agent with respect thereto.

     9. Counterparts. This Amendment may be executed by one or more of the parties hereto
in any number of separate counterparts, each of which shall be deemed an original and all of which,
taken together, shall be deemed to constitute one and the same instrument. Delivery of an executed
counterpart of this Amendment by facsimile transmission or by electronic mail in pdf form shall be
as effective as delivery of a manually executed counterpart hereof.

     10. Binding Nature. This Amendment shall be binding upon and inure to the benefit of
the parties hereto, their respective successors, successors-in-titles, and assigns.

     11. Entire Understanding. This Amendment sets forth the entire understanding of the
parties with respect to the matters set forth herein, and shall supersede any prior negotiations or
agreements, whether written or oral, with respect thereto.

[Signature Pages To Follow]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed, under
seal in the case of the Borrowers and the Guarantor, by their respective authorized officers as of
the day and year first above written.

	 	 	 	 	 	 	 
	 	 	BORROWERS:	 	 
	 
	 	 	 	 	 	 
	 	 	AARON RENTS, INC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gilbert L. Danielson	 	 
	 

	 	 	 	Name: Gilbert L. Danielson	 	 
	 

	 	 	 	Title: Executive Vice President,	 	 
	 

	 	 	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	AARON RENTS, INC. PUERTO RICO	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert P. Sinclair, Jr.	 	 
	 

	 	 	 	Name: Robert P. Sinclair, Jr.	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	GUARANTOR:	 	 
	 	 	AARON INVESTMENT COMPANY, as	 	 
	 	 	Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gilbert L. Danielson	 	 
	 

	 	 	 	Name: Gilbert L. Danielson	 	 
	 

	 	 	 	Title: Vice President and Treasurer	 	 

 

 

	 	 	 	 	 
	 	SUNTRUST BANK,

as Administrative Agent, as Issuing Bank, as

Swingline Lender and as a Lender

 	 
	 	By:  	/s/ Kelly Gunter
 	 
	 	 	Name:  	Kelly Gunter 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Tom Harper
 	 
	 	 	Name:  	Tom Harper 	 
	 	 	Title:  	Managing Director 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	REGIONS BANK

 	 
	 	By:  	/s/ Stephen H. Lee
 	 
	 	 	Name:  	Stephen H. Lee                                                  	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BRANCH BANKING & TRUST CO.

 	 
	 	By:  	/s/ Paul E. McLaughlin
 	 
	 	 	Name:  	Paul E. McLaughlin 	 
	 	 	Title:  	Senior Vice PresidentEx-10.1 James P. Frain Agreement

 

Employment Transition, Resignation, And Release Agreement

     This confidential resignation and release agreement (“Agreement”) is made and entered into the
10th day of March, 2006 by and between Chico’s FAS, Inc., a Florida corporation (the
“Company”), and James P. Frain (“Frain”).

     This Agreement supercedes all previous agreements between Frain and the Company. In
consideration of the promises set forth in this Agreement, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, agree as
follows:

1. Effective as of March 11, 2006, Frain voluntarily resigns from his position as Executive Vice
President and Chief Marketing Officer of the Company and the Company hereby accepts this
resignation. Effective as of the end of the day on March 10, 2006, Frain has no further privileges,
duties or obligations in such capacity. Until March 10, 2006, Frain shall continue to perform
substantially the same duties that he has performed over the last six years.

2. From March 11, 2006, through and including February 28, 2007 Frain shall be available to work as
a non-officer consulting employee and shall handle marketing projects as assigned to him by the
Company’s Chief Executive Officer or the Company’s Chief Operating Officer.

3. From the date of this Agreement through March 10, 2006 and as long as Frain has not breached any
of his obligations under this Agreement, the Company shall pay Frain (1) his annualized basic
salary of $450,000; (2) any bonuses that may relate to fiscal year 2005 that would have otherwise
been payable to Frain and (3), such other fringe benefits as provided to other Chief Officers
including, without limitation, the vesting of stock options through February 28, 2006.

     From March 11, 2006 through February 28, 2007 and as long as Frain has not breached any of his
obligations under this Agreement, CRS shall pay Frain (1) a monthly basic salary of $15,000; and
(2) such other fringe benefits as provided to other senior executives, including, without
limitation, health benefits and the vesting in due course of any previously granted stock options.
Frain will not be entitled to receive any car allowance, bonus, or super bonus. The Company retains
the right, in its sole discretion, to award Frain a discretionary bonus based on Frain’s
performance. Frain shall not be required to work at the Company’s offices more than 5 days per
month.

4. From the date of this Agreement up to and including March 10, 2006, Frain may terminate this
Agreement with ninety days written notice to the Company. Thereafter, Frain may terminate the
Agreement with thirty days written notice to the Company.

     If the Company terminates Frain’s employment without cause prior to February 28, 2007, the
Company will pay Frain, in full and complete satisfaction of any and all claims Frain may have
against the company related to this Agreement, the remaining total of any unpaid monies Frain would
have received under this Agreement through February 28, 2007. Frain will also be

-1-

 

permitted to exercise any options that have vested as of the date of the termination
consistent with the Company’s stock option plan.

     If the Company terminates Frain for cause or his employment terminates due to his death or
disability, then the Company only owes Frain those amounts earned and owed through the date of
termination and Frain will only be entitled to exercise options vested as of the date of
termination. For the purposes of this Agreement, the phrase “for cause” means Frain’s (i) breach or
default of any of the material terms of this Agreement and his failure to cure the breach or
default within thirty (30) days after he received written notice thereof, (ii) conviction of either
a felony involving moral turpitude or any crime in connection with his employment by the Company
which causes the Company a substantial detriment, (iii) actions that clearly are contrary to the
best interests of the Company, or (iv) directly or indirectly entering into, engaging in, being
employed by, or consulting with J. Jill, Ann Taylor, Talbot’s, Coldwater Creek, The Limited Brands,
Fourth & Towne, and Liz Claiborne (or any successor entities of any of such companies or
divisions).

5. Frain shall continue to be bound in all respects by all applicable provisions of the Company’s
Insider Trading Policy, Code of Ethics and Associate Nondisclosure Agreement that he previously
signed. Such continuing obligation shall be in addition to Frain’s obligations arising under this
Agreement and under applicable law.

6. Frain agrees that from the date of this Agreement and continuing for a period of six months
after his last date of employment with the Company, Frain shall refrain from and will not, directly
or indirectly, as an individual, partner, officer, director, stockholder, employee, advisor,
independent contractor, joint venturer, consultant, agent, representative, salesman or otherwise
solicit any of the employees of the Company to terminate their employment or solicit, attempt to
entice away, or offer to employ any of the Company’s current employees. For the purposes of this
restriction: the terms “solicit,” “attempt to entice away,” and “offer to employ” do not include
searches for employees, through general recruitment efforts or otherwise, that are not focused on
persons employed by the Company.

7. Frain shall be required to execute a copy of the release agreement substantially in the form
attached as Appendix A (a “Release”) as a condition to this Agreement. Frain also agrees to execute
a Release on March 10, 2006 as a condition of continuing as a consulting employee and for the
compensation and benefits during that period.

8. This Agreement shall be binding upon and inure to the benefit of Frain and his heirs,
administrators, representatives, executors, successors and assigns, and shall be binding upon and
inure to the benefit of Releasees and each of them, and to their respective heirs, administrators,
representatives, executors, successors and assigns. This Agreement shall be construed and
interpreted in accordance with the laws of the state of Florida.

9. This Agreement shall constitute the full and complete agreement between the parties concerning
its subject matter and fully supersedes any and all other prior agreements or understandings
between the parties regarding the subject matter hereto. This Agreement shall not

-2-

 

be modified or amended except by a written instrument signed by both Frain and an authorized
representative of the Company.

10. The unenforceability or invalidity of any particular provision of this Agreement shall not
affect its other provisions and to the extent necessary to give such other provisions effect, they
shall be deemed severable.

11. Frain warrants, agrees that he has been encouraged to seek advice from anyone of his choosing
regarding this Agreement, including his attorney, accountant or tax advisor prior to his signing
it; that this Agreement represents written notice to do so; and that he has been given the
opportunity and sufficient time to seek such advice; and that he fully understands the meaning and
contents of this Agreement. FRAIN UNDERSTANDS THAT HE HAD THE RIGHT TO TAKE UP TO TWENTY-ONE (21)
DAYS TO CONSIDER WHETHER OR NOT HE DESIRES TO ENTER INTO THIS AGREEMENT. Frain further represents
and warrants that he was not coerced, threatened or otherwise forced to sign this Agreement and
that his signature appearing hereinafter is voluntary and genuine, is given freely and is given
with intent to be bound.

12. FRAIN UNDERSTANDS THAT HE MAY REVOKE THIS AGREEMENT BY NOTIFYING THE CHIEF FINANCIAL OFFICER OF
THE COMPANY IN WRITING OF SUCH REVOCATION WITHIN SEVEN (7) DAYS OF HIS EXECUTION OF THIS AGREEMENT
AND THAT THIS AGREEMENT IS NOT EFFECTIVE UNTIL THE EXPIRATION OF SUCH SEVEN (7) DAYS. FOR SUCH
REVOCATION TO BE EFFECTIVE, WRITTEN NOTICE MUST BE ACTUALLY RECEIVED BY THE CHIEF FINANCIAL OFFICER
OF THE COMPANY AT THE COMPANY’S OFFICES NO LATER THAN THE CLOSE OF BUSINESS ON THE 7TH DAY AFTER
FRAIN EXECUTES THIS AGREEMENT. IF FRAIN EXERCISES HIS RIGHT TO REVOKE THIS AGREEMENT, ALL OF THE
TERMS AND CONDITIONS OF THIS AGREEMENT SHALL BE OF NO FORCE AND EFFECT AND THE COMPANY SHALL NOT
HAVE ANY OBLIGATION TO MAKE THE PAYMENTS OR PROVIDE THE BENEFITS TO FRAIN PROVIDED FOR IN THIS
AGREEMENT. FRAIN UNDERSTANDS THAT UPON THE EXPIRATION OF SUCH SEVEN (7) DAY PERIOD WITHOUT SUCH A
REVOCATION, THIS AGREEMENT WILL BE BINDING UPON
HIS AND HIS HEIRS, ADMINISTRATORS, REPRESENTATIVES, EXECUTORS, SUCCESSORS AND ASSIGNS AND WILL BE
IRREVOCABLE.

	 	 	 	 	 	 	 
	WITNESS:	 	 	 	CHICO’S FAS, INC.
	 
	 	 	 	 	 	 
	/s/
Sandy Rhodes

	 	 	 	By:
/s/ Scott A. Edmonds
	 

	 	 	 	 	 	     Scott A. Edmonds

     President and Chief Executive Officer
	 
	 	 	 	 	 	 
	WITNESS:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Theresa Maass	 	 	 	/s/ James
Frain
	 	 	 	 	James Frain

-3-

 

APPENDIX A—GENERAL RELEASE

     In consideration of the payments to be made and the benefits to be received by Frain pursuant
to this Agreement, which Frain acknowledges are in addition to payment and benefits to which Frain
would not be entitled to but for this Agreement, Frain, for himself, his dependents, successors,
assigns, heirs, executors and administrators (and their respective legal representatives of every
kind), hereby releases, dismisses, remises and forever discharges the Company, its predecessors,
parents, subsidiaries, divisions, related or affiliated companies, officers, directors,
stockholders, members, employees, successors, assigns, representatives, agents, counsel, the
Company’s and its affiliates’ benefit plans, including the respective 401(k) plans, the respective
benefit plans’ trustees, administrators, and all other fiduciaries, employees, and their agents
(collectively, “Releasees”), of and from any and all arbitrations, claims (including claims for
attorneys’ fees), demands, damages, suits, proceedings, actions and/or causes of action of any kind
and every description, whether known or unknown, which Frain, and his heirs, executors,
administrators, agents, distributees, beneficiaries, successors in interest and assignees, now have
or in the future may have, by reason of any matter, cause or thing whatsoever from the beginning of
the world to the date of this Agreement (“claims”), against the Releasees, including but not
limited to the following (except that such Release shall not operate to release the Company from
its express obligations under this Agreement):

     Any and all claims for salary, wages, compensation, monetary relief, employment benefits,
including but not limited to, any claims for benefits under, or contribution to, an employee
benefit plan, profit sharing or any retirement plan, capital stock, bonuses, merit and longevity
increases, and all other benefits of all kind, earnings, backpay, front pay, liquidated, and other
damages, interest, attorney’s fees and costs, compensatory damages, punitive damages, damage to
character, damage to reputation, emotional distress, mental anguish, depression, injury, impairment
in locating employment, financial loss, pain and suffering, injunctive and declaratory relief
arising from his employment with the Company or its subsidiaries or his separation thereof;
provided, however, notwithstanding anything to the contrary set forth herein, that this General
Release shall not extend to (x) benefit claims under employee pension benefit plans in which Frain
is a participant by virtue of his employment with the Company or its subsidiaries, and (y) any
obligation expressly assumed or acknowledged under this Agreement by the Company.

     Any and all claims growing out of, resulting from, or connected in any way to Frain’s
employment with the Company or its subsidiaries, and/or the separation thereof, including any and
all claims for discrimination, including but not limited to claims of discrimination on the basis
of race, national origin, color, religion, handicap or disability, age, sex, harassment of any
kind, including sexual harassment, retaliation, whistleblowing, breach of contract, rescission,
promises, claims under the Employee Retirement Income Security Act of 1974 “ERISA”) [29 U.S.C.
Sections 1001B1461], as amended, including ERISA Section 510 and any claims to benefits under
any and all bonus, severance or any other similar plan sponsored by the Company now and hereafter,
torts of all kinds, claims or rights under state and federal whistleblower legislation, including
Sections 448.101B448.105, Florida Statutes, as amended, the consolidated Omnibus Budget
Reconciliation Act of 1985 [Pub. L. 99-509], as amended (“COBRA”), the Florida Health Insurance
Coverage Continuation Act (“FHICCA”), the Family and Medical

-4-

 

Leave Act [29 U.S.C. Sections
2601-2654], as amended (“FMLA”), the Americans with Disabilities Act [42
U.S.C. Sections 12101-12213], as amended (“ADA”), the Age Discrimination in Employment Act, as
amended (“ADEA”), the Polygraph Protection act, the Internal Revenue Service Code [Title 26,
U.S.C.], as amended, the Older Workers Benefit Protection Act [29 U.S.C. Section 621-630], as
amended (“OWBPA”), the Equal Pay Act [29 U.S.C. Section 206(d)], as amended (“EPA”), Title VII of
the Civil Rights Act of 1964 [42 U.S.C. Section 2000e-2000e-17] as amended (“Title VII”), the
Florida Civil Rights Act of 1992 [Sections 760.02-760.11, Fla. Stats.], as amended (“FCRA”), the
Uniformed Services Employment and Reemployment Rights Act of 1994 [38 U.S.C. Sections 4301-4333]
(“USERRA”), the National Labor Relations Act [29 U.S.C. Sections 151-169], as amended (“NLRA”), the
Occupational safety and Health Act [29 U.S.C. Sections 201-219], as amended (“OSHA”), the Fair
Labor Standards Act [29 U.S.C. Sections 201-219], as amended (“FLSA”), retaliation pursuant to
Section 440.205 Florida Statutes, and any other claim of any kind; provided, however,
notwithstanding anything to the contrary set forth herein, that this General Release shall not
extend to (x) benefit claims under employee pension benefit plans in which Frain is a participant
by virtue of his employment with the Company, and (y) any obligation expressly assumed under this
Agreement by the Company.

	 	 	 	 	 	 	 
	WITNESS:	 	 	 	CHICO’S FAS, INC.
	 
	 	 	 	 	 	 
	/s/
Sandy Rhodes

	 	 	 	By:
/s/ Scott A. Edmonds
	 

	 	 	 	 	 	Scott A. Edmonds

	 

	 	 	 	 	 	President and Chief Executive Officer
	 
	 	 	 	 	 	 
	WITNESS:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Theresa Maass	 	 	 	/s/ James Frain
	 	 	 	 	James Frain

-5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]