Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

SEPARATION AND RELEASE AGREEMENT 

THIS SEPARATION AND RELEASE AGREEMENT (this “Release”) is made by and between ANTHONY M. ROMANO (“Employee”)
and DESTINATION MATERNITY CORPORATION (the “Company”). 
 WHEREAS, Employee’s employment by the Company has terminated
effective at the close of business on September 7, 2017 (the “Effective Time”); and 
 WHEREAS, in recognition of
Employee’s service to the Company and to obtain a release from Employee, the Company, subject to Employee’s execution and non-revocation of this Release, has agreed to pay Employee certain amounts
and to provide him with certain rights and benefits as if Employee were terminated by the Company without Cause (as such term is defined in the Employment Agreement by and between the Company and Employee dated August 10, 2014 (the
“Agreement”)); and which are set forth under Section 4.A of the Agreement. 
 NOW THEREFORE, in
consideration of these premises and the mutual promises contained herein, and intending to be legally bound hereby, the parties agree as follows: 

1.    Resignation and Consideration. 

1.1.    Employee hereby resigns as an officer and director of the Company and each of its subsidiaries and affiliates,
effective as of the Effective Time. 
 1.2.    Employee acknowledges that: (i) the payments, rights and benefits
set forth in Section 4.A of the Agreement constitute full settlement of all his rights under the Agreement, (ii) he has no entitlement under any other severance or similar arrangement maintained by the Company, and
(iii) except as otherwise provided specifically in this Release, the Company does not and will not have any other liability or obligation to Employee. Employee further acknowledges that, in the absence of his execution of this Release, the
benefits and payments specified in Section 1.2(i) above would not be provided to him. 
 2.    Employee’s
Release. 
 2.1.    Employee hereby fully and forever releases and discharges the Company, its parent and subsidiary
corporations and each of their predecessors, successors, assigns, stockholders, affiliates, officers, directors, trustees, employees, agents and attorneys, past and present (the Company and each such person or entity is referred to as a
“Released Person”) from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities, of
whatever kind or nature, direct or indirect, in law, equity or otherwise, whether known or unknown, arising through the date of this Release out of Employee’s employment by the Company or the termination thereof, including, but not limited to,
any claims for relief or causes of action under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., or any other federal, state or local statute, ordinance or regulation regarding discrimination in employment and any
claims, demands or actions based upon alleged wrongful or retaliatory discharge or breach of contract under any state or federal law. 

 2.2.    Employee expressly represents that he has not filed a lawsuit or
initiated any other administrative proceeding against a Released Person and that he has not assigned any claim against a Released Person. Employee further promises not to initiate a lawsuit or to bring any other claim against the other arising out
of or in any way related to Employee’s employment by the Company or the termination of that employment. This Release will not prevent Employee from filing a charge with the Equal Employment Opportunity Commission (or similar state agency) or
participating in any investigation conducted by the Equal Employment Opportunity Commission (or similar state agency); provided, however, that any claims by Employee for personal relief in connection with such a charge or investigation (such
as reinstatement or monetary damages) would be barred. 
 2.3.    The foregoing will not be deemed to release the
Company from (a) claims solely to enforce Section 1.2(i) of the Release (including claims under Section 4.A of the Agreement), (b) claims for benefits (not including severance benefits) under the Company’s
employee welfare benefit plans and employee pension benefit plans, subject to the terms and conditions of those plans, or (c) claims for indemnification under the Company’s By-Laws or policies of
insurance. 
 3.    Company Release. 

3.1.    The Company hereby fully and forever releases and discharges Employee and his executors, administrators and heirs
from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities, of whatever kind or nature, direct or
indirect, in law, equity or otherwise, whether known or unknown, arising through the date of this Release out of Employee’s service to the Company or the termination thereof. 

3.2.    The Company expressly represents that it has not filed a lawsuit or initiated any other administrative proceeding
against Employee and that it has not assigned any claim against Employee. The Company further promises not to initiate a lawsuit or to bring any other claim against Employee arising out of or in any way related to Employee’s service to the
Company or the termination thereof. 
 3.3.    The foregoing will not be deemed to release Employee from claims
(a) to enforce Section 5 or Section 7 of the Agreement, (b) claims arising from acts or omissions by Employee that would constitute a crime, or (c) claims that are not known to any
member of the Company’s Board of Directors (provided that a claim will be deemed known if the basis for each material element of the claim could have been ascertained by the Board of Directors prior to the date hereof upon reasonable inquiry).

 4.    Restrictive Covenants. Employee acknowledges that restrictive covenants
contained in Section 5 and Section 7 of the Agreement will survive the termination of his employment. Employee affirms that those restrictive covenants are reasonable and necessary to protect the
legitimate interests of the Company, that he received adequate consideration in exchange for agreeing to those restrictions and that he will abide by those restrictions. 

  
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 5.    Non-Disparagement.
Employee will not disparage any Released Person or otherwise take any action which could reasonably be expected to adversely affect the personal or professional reputation of any Released Person. Similarly, the Company (meaning, solely for this
purpose, the executive officers and directors of the Company and other persons authorized to make official communications on behalf of the Company) will not disparage Employee or otherwise take any action which could reasonably be expected to
adversely affect the personal or professional reputation of Employee. Notwithstanding the foregoing, in no event will any legally required disclosure or action be deemed to violate this Section, regardless of the content of such disclosure or the
nature of such action. 
 6.    Disclosures. Employee and the Company agree that nothing in this Agreement
prevents or prohibits Employee from (i) making any disclosure of relevant and necessary information or documents in connection with any charge, action, investigation, or proceeding relating to this Agreement, or as required by law or legal
process; (ii) participating, cooperating, or testifying in any charge, action, investigation, or proceeding with, or providing information to, any self-regulatory organization, governmental agency or legislative body, and/or pursuant to the
Sarbanes-Oxley Act, or (iii) filing, testifying, participating in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or municipal law relating to fraud, or any rule or regulation of the Securities and
Exchange Commission or any self-regulatory organization. To the extent permitted by law, upon receipt of any subpoena, court order or other legal process compelling the disclosure of any such information or documents, Employee agrees to give prompt
written notice to the Company so as to permit the Company to protect its interests in confidentiality to the fullest extent possible. 

7.    Cooperation. Employee further agrees that, subject to reimbursement of his reasonable expenses, he
will cooperate fully with the Company and its counsel with respect to any matter (including litigation, investigations, or governmental proceedings) in which Employee was in any way involved during his employment with the Company. Employee will
render such cooperation in a timely manner on reasonable notice from the Company, provided that the Company will attempt to limit the need for Employee’s cooperation under this Section so as not to unduly interfere with his other personal and
professional commitments. 
 8.    Notice. Any notice or communication required or permitted under this Agreement
shall be made in writing and sent by certified or registered mail, return receipt requested, addressed as follows: 
 If to Employee: to the
address in the Company’s personal file. 

  
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 If to Company: 

Destination Maternity Corporation 

232 Strawbridge Drive 

Moorestown, New Jersey 08057 

Attn: General Counsel 
 or to such other address
as either party may from time to time duly specify by notice given to the other party in the manner specified above. 

9.    Rescission Right. Employee expressly acknowledges and recites that (a) he
has read and understands the terms of this Release in its entirety, (b) he has entered into this Release knowingly and voluntarily, without any duress or coercion; (c) he has been advised orally and is hereby
advised in writing to consult with an attorney with respect to this Release before signing it; (d) he was provided 21 calendar days after receipt of the Release to consider its terms before signing it; and
(e) he is provided 7 calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. Employee may revoke this Release during those 7 days by providing
written notice of revocation to the Company at the address specified in Section 7 herein. 

10.    Challenge. If Employee violates or challenges the enforceability of this Release, no further
payments, rights or benefits under Section 4.A of the Agreement will be due to Employee. 

11.    Miscellaneous. 

11.1.    No Admission of Liability. This Release is not to be construed as an admission of any violation of any
federal, state or local statute, ordinance or regulation or of any duty owed by the Company to Employee. There have been no such violations, and the Company specifically denies any such violations. 

11.2.    Severability. Whenever possible, each provision of this Release will be interpreted in such manner as to
be effective and valid under applicable law. However, if any provision of this Release is held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provision, and this
Release will be reformed, construed and enforced as though the invalid, illegal or unenforceable provision had never been herein contained. 

11.3.    Entire Agreement; Amendments. Except as otherwise provided herein, this Release contains the entire
agreement and understanding of the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature relating to the subject matter hereof. This
Release may not be changed or modified, except by an agreement in writing signed by each of the parties hereto. 

  
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 11.4.    Governing Law. This Release shall be governed by, and
enforced in accordance with, the laws of the Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws. 

11.5.    Counterparts and Facsimiles. This Release may be executed, including execution by facsimile signature, in
multiple counterparts, each of which shall be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

[Signature page follows.] 

  
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 IN WITNESS WHEREOF, the Company has caused this Release to be executed by its duly authorized
officer, and Employee has executed this Release, in each case on the date indicated below, respectively. 
  

	
	DESTINATION MATERNITY CORPORATION
	
	By:     /s/ Ronald J.
Masciantonio                                       
              
	
	 Name & Title:     Ronald J.Masciantonio, Executive Vice President

and Chief Administrative
Officer                                        
             

	
	
	Date:     September 7, 2017                            
                                   
	
	ANTHONY M. ROMANO
	
	
    /s/ Anthony M. Romano           
                                         
               

	
	Date:     September 7, 2017                            
                                   

  
 -6-EX-10.2

 Exhibit 10.2 

[Destination Maternity Corporation letterhead] 

September 7, 2017 
 Allen Weinstein

 VIA HAND DELIVERY 
  

	Re:	Employment Terms 

 Dear Allen: 

On behalf of Destination Maternity Corporation (the “Company”), I am pleased to confirm the Company’s employment of you as the interim
Chief Executive Officer of the Company. This letter agreement (“Agreement”) memorializes the terms and conditions agreed to and shall become effective September 7, 2017 (the “Effective Date”). The terms and
conditions of your employment with the Company following the Effective Date shall be as follows: 
  

			
	POSITION:	  	Interim Chief Executive Officer of the Company.
		
	REPORTING:	  	Board of Directors of the Company (the “Board”).
		
	DUTIES:	  	During your employment by the Company, you shall use your best efforts to serve the Company faithfully and shall devote your full time, attention, skill and efforts to the performance of the duties required by or appropriate for
an interim Chief Executive Officer of the Company. You agree to assume such duties and responsibilities as may be customarily incident to such position and as may be reasonably and lawfully assigned to you from time to time by the Board.
		
		  	Your employment will be on an at-will basis.
		
	BASE SALARY:	  	Commencing with the Effective Date, you will be paid an annualized base salary of $620,000 (“Base Salary”), payable in accordance with the Company’s regular payroll practices in effect from time to
time.
		
	BONUS:	  	As interim Chief Executive Officer, you will not be eligible to participate in the Company’s Management Incentive Program or in any severance arrangement (other than as specifically described below), or receive any other
incentive or executive perquisite not described in the Agreement, unless the Board (or a committee thereof), in its sole discretion, decides otherwise. Notwithstanding the foregoing, if you are still employed by the Company on March 17, 2018,
or your employment has been sooner terminated by the Company, you shall receive a lump sum bonus payment of $50,000 (the “Bonus”) as soon as administratively feasible following March 17, 2018 or such earlier termination
date.
		
	EXPENSES:	  	The Company shall reimburse you for all reasonable and necessary business expenses incurred for the benefit of the Company during your period of interim service, including reimbursement of reasonable transportation and temporary
living expenses incurred by you as a result of your commuting and/or temporary relocation during your period of interim service.

			
	BENEFITS:	  	During employment, you will be eligible to participate in all medical and health plans or other employee welfare benefit plans that the Company provides to other senior executive officers, subject to the terms of those
plans.
		
	TERMINATION:	  	As stated above, you will be an “at-will” employee who can resign or terminate your employment with the Company at any time. Likewise, the Company may terminate your employment at
any time and for any reason whatsoever, with or without cause any or advance notice.
		
	SECTION 409A COMPLIANCE:	  	Notwithstanding the other provisions hereof, this Agreement is intended to comply with or be exempt from the requirements of Section 409A, to the extent applicable, and this Agreement shall be interpreted to avoid any
penalty sanctions under Section 409A. Accordingly, all provisions herein, or incorporated by reference, shall be construed and interpreted to comply with or be exempt from Section 409A, if necessary, any such provision shall be deemed
amended to comply with Section 409A and regulations thereunder.
		
		  	Notwithstanding anything to the contrary contained in this Agreement, all reimbursements and in-kind benefits provided hereunder shall be made or provided in accordance with the
requirements of section 409A of the Code, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during your lifetime, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a taxable year may not affect the expenses eligible for reimbursement, or in- kind benefits to be provided, in any other taxable year,
(iii) the reimbursement of an eligible expense will be made on or before the last day of the taxable year following the year in which the expense is incurred, and (iv) the right to reimbursement or
in-kind benefits is not subject to liquidation or exchange for another benefit.
		
	MISCELLANEOUS:	  	The Company will be entitled to withhold from any amounts to be paid or benefits provided to you hereunder any federal, state, local or foreign withholding, FICA contributions, or other taxes, charges or deductions which it is
from time to time required to withhold. The Company will be entitled to rely on the advice of counsel if any question as to the amount or requirement of any such withholding shall arise.
		
		  	As a Company employee, you will be expected to abide by all Company rules and regulations.
		
		  	Any notice, request, instruction or other document given under this Agreement shall be in writing and shall be addressed and delivered, in the case of the Company, to the Board at the principal office of the Company and, in your
case, to your address as shown in the records of the Company or to such other address as may be designated in writing by either party.

  
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		 	This Agreement shall be exclusively governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to conflicts of law doctrine.
		
		 	The provisions of this Agreement are severable and the invalidity of any one or more provisions shall not affect the validity of any other provision.
		
		 	A waiver by either party of any breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any other or subsequent breach by the other party.
		
		 	This Agreement forms the complete statement of your employment terms with the Company, and supersedes any other agreements made to you by anyone, whether oral or written. This Agreement may not be amended or revised except by a
writing signed by the parties.
		
		 	This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but which together shall constitute one and the same instrument.

 [Signature Page Follows] 

  
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 If you are in agreement with the foregoing, please execute this Agreement at the signature line below and return
an executed copy to my attention. 
  

			
	Very truly yours,
	
	Destination Maternity Corporation
		
	By:	 	/s/ David Stern
		 	David Stern
		 	Executive Vice President
and Chief Financial Officer

  

	
	Accepted and agreed to by:
	
	/s/
Allen Weinstein                                      
      
	Allen Weinstein
	
	Date:     September 7,
2017                                   

  
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