Document:

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), effective as of July 1, 2018, (the “Effective Date”) is made and entered by and between NewBridge Global Ventures, Inc., a Delaware corporation (the “Company”), and Scott A. Cox (the “Executive”).

 

WITNESSETH:

WHEREAS, the Executive is currently employed as the Company’s President and Chief Operating Officer and and is expected to make major contributions to the short- and long-term profitability, growth and financial strength of the Company;

WHEREAS, the Company has determined that appropriate arrangements should be taken to encourage the continued attention and dedication of the Executive to his assigned duties without distraction; and

WHEREAS, in consideration of the Executive’s employment with the Company, the Company desires to provide the Executive with certain compensation and benefits as set forth in this Agreement in order to ameliorate the financial and career impact on the Executive in the event the Executive’s employment with the Company is terminated for a reason related to, or unrelated to, a Change in Control (as defined below) of the Company.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby, the Company and the Executive agree as follows:

1.Certain Defined Terms. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement with initial capital letters: 

(a)“Annual Base Salary” means the Executive’s annual base salary rate, exclusive of bonuses, commissions and other incentive pay, as in effect immediately preceding Executive’s Termination Date. As of the Effective Date, Executive’s annual base salary is $150,000.00. 

(b)“Board” means the Board of Directors of the Company. 

(c)“Cause” means: 

(i)an intentional tort (excluding any tort relating to a motor vehicle) which causes substantial loss, damage or injury to the property or reputation of the Company or its subsidiaries; 

(ii)any serious crime or intentional, material act of fraud or dishonesty against the Company; 

(iii)the commission of a felony that results in other than immaterial harm to the Company’s business or to the reputation of the Company or Executive; 

(iv)habitual neglect of Executive’s reasonable duties (for a reason other than illness or incapacity) which is not cured within ten (10) days after written notice thereof by the Board to the Executive; 

(v)the disregard of written, material policies of the Company or its subsidiaries which causes other than immaterial loss, damage or injury to the property or reputation of the Company or its subsidiaries which is not cured within ten (10) days after written notice thereof by the Board to the Executive; or 

(vi)any material breach of the Executive’s ongoing obligation not to disclose confidential information and not to assign intellectual property developed during employment which, if capable of being cured, is not cured within ten (10) days after written notice thereof by the Board to the Executive. 

(d)“Change in Control” means: 

(i)any person or group of persons or entity or group of entities becoming the beneficial owner, directly or indirectly, of securities of the Company representing over fifty (50%) percent of the total voting power of all its then outstanding voting securities; 

(ii)a merger or consolidation of the Company in which its voting securities immediately prior to the merger or consolidation do not represent, or are not converted into securities that represent, a 

1

majority of the voting power of all voting securities of the surviving entity immediately after the merger or consolidation;

(iii)a sale of substantially all of the assets of the Company or a liquidation or dissolution of the Company; or 

(iv)individuals who, as of the date of the signing of this Agreement, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board; provided that any individual who becomes a director of the Company subsequent to the date of the signing of this Agreement, whose election, or nomination for election by the Company stockholders, was approved by the vote of at least a majority of the directors then in office shall be deemed a member of the Incumbent Board. 

(e)“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended. 

(f)“Disability” means (i) the Executive has been incapacitated by bodily injury, illness or disease so as to be prevented thereby from engaging in the performance of the Executive’s duties (provided, however, that the Company acknowledges its obligations to provide reasonable accommodation to the extent required by applicable law); (ii) such total incapacity shall have continued for a period of six (6) consecutive months; and (iii) such incapacity will, in the opinion of a qualified physician, be permanent and continuous during the remainder of the Executive’s life. 

(g)“Good Reason Termination” means: 

(i)a material diminution in the Executive’s base compensation or target bonus below the amount as of the date of this Agreement, excluding one or more reductions (totaling no more than 20% in the aggregate) generally applicable to all senior executives provided, however, that such exclusion shall not apply if the material diminution in the Executive’s base compensation occurs within (A) 60 days prior to the consummation of a Change in Control where such Change in Control was under consideration at the time of Executive’s Termination Date or (B) twelve (12) months after the date upon which such a Change in Control occurs; 

(i)a material diminution in the Executive’s authority, duties or responsibilities; 

(ii)a material change in the geographic location at which the Executive must perform services; or 

(iii)any action or inaction that constitutes a material breach by the Company of this Agreement; provided, however, that for the Executive to be able to terminate his employment with the Company on 

account of Good Reason he must provide notice of the occurrence of the event constituting Good Reason and his desire to terminate his employment with the Company on account of such, along with an agreement of a 30-day transition period, unless the company desires a shorter transition period.

(h)“Target Bonus” means the target payout (i.e., at 100% achievement of each of the applicable metric(s) in effect from time to time) under the Company’s Executive Incentive Plan (attached as “Exhibit A”) in effect for the Executive as of the Termination Date. As of the Effective Date, Executive’s target bonus percentage under the Executive Annual Incentive Plan is 100% of Annual Base Salary. 

(i)“Termination Date” means the last day of Executive’s employment with the Company. 

(j)“Termination of Employment” means the termination of Executive’s active employment relationship with the Company. 

2.Termination Unrelated to a Change in Control. 

(a)Involuntary Termination Unrelated to a Change in Control. In the event of: (i) an involuntary termination of Executive’s employment by the Company for any reason other than Cause, death or Disability, or 

(ii) Executive’s resignation for Good Reason, and if Section 3 does not apply, Executive shall be entitled to the benefits provided in subsection (b) of this Section 2.

(b)Compensation Upon Termination Unrelated to a Change in Control. Subject to the provisions of Section 5 hereof, in the event a termination described in subsection (a) of this Section 2 occurs within the first 

2

twelve (12) months of the Effective Date, the Company shall provide Executive with the following, provided that Executive executes and does not revoke the Release (as defined in Section 5):

(i)12 months of Annual Base Salary base salary plus 50% of Executive’s target bonus, paid in a single lump sum cash payment on or before the sixtieth (60th) day following Executive’s Termination Date. (For purposes of this subsection (i), Annual Base Salary will mean the largest among the following: Executive’s annual base salary immediately prior to (A) Executive’s Termination Date, or 

(B) the Executive’s base salary described in the first clause of subsection (i) in the definition of Good Reason if a reduction in Executives base salary was reduced in the prior six (6) month period. For purposes of this subsection (i), Target Bonus will mean the largest among the following: Executive’s target bonus immediately prior to (A) Executive’s Termination Date, or (B) the Executive’s target bonus described in the first clause of subsection (i) in the definition of Good Reason if a reduction in Executive’s target bonus was reduced in the prior six (6) month period.

(ii)For a period of up to six (6) months following Executive’s Termination Date, Executive and where applicable, Executive’s spouse and eligible dependents, will continue to be eligible to receive medical coverage under the Company’s medical plans in accordance with the terms of the applicable plan documents; provided, that in order to receive such continued coverage at such rates, Executive will be required to pay the applicable premiums to the plan provider, and the Company will reimburse the Executive, within 30 days following the date such monthly premium payment is due, an amount equal to the monthly COBRA premium payment, less applicable tax withholdings. Notwithstanding the foregoing, if Executive obtains full-time employment during this six (6) month period that entitles him and his spouse and eligible dependents to medical coverage, Executive must notify the Company and no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. In addition, if Executive does not pay the applicable monthly COBRA premium for a particular month at any time during the six (6) month period and coverage is lost as a result, no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. Notwithstanding the above, if the Company determines in its sole discretion that it cannot provide the foregoing COBRA benefits without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable lump-sum payment in an amount equal to the monthly (or then remaining) COBRA premium that Executive would be required to pay to continue his group health coverage in effect on the Termination Date (which amount shall be based on the premium for the first month of COBRA coverage). 

(iii)With respect to any outstanding Company stock options held by the Executive as of his Termination Date that are not vested and exercisable as of such date, the Company shall accelerate the vesting of that portion of the Executive’s stock options, if any, which would have vested and become exercisable within the six (6) month period after the Executive’s Termination Date, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until a period of one year after the Executive’s Termination Date. Except as provided in this Section 2(b)(iii) and in Section 3(b)(iii) below, any portion of Executive’s outstanding stock options that are not vested and exercisable as of Executive’s Termination Date shall terminate. 

(iv)Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 

3.Termination Related to a Change in Control. 

(a)Involuntary Termination Relating to a Change in Control. In the event Executive’s employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs (x) at the same time as, or within the three (3) month period following, the consummation of a Change in Control, then Executive shall be entitled to the benefits provided in subsection 

(b)of this Section 3. 

(b)Compensation Upon Involuntary Termination Relating to a Change in Control. Subject to the provisions of Section 5 hereof, in the event a termination described in subsection (a) of this Section 3 occurs, the 

3

Company shall provide that the following be paid to the Executive after his Termination Date, provided that Executive executes and does not revoke the Release:

(i)12 months of Annual Base Salary base salary plus 50% of Executive’s target bonus, paid in a single lump sum cash payment on or before the sixtieth (60th) day following Executive’s Termination Date. (For purposes of this subsection (i), Annual Base Salary will mean the largest among the following: Executive’s annual base salary immediately prior to (A) Executive’s Termination Date, or 

(B) the Executive’s base salary described in the first clause of subsection (i) in the definition of Good Reason if a reduction in Executives base salary was reduced in the prior six (6) month period. For purposes of this subsection (i), Target Bonus will mean the largest among the following: Executive’s target bonus immediately prior to (A) Executive’s Termination Date, or (B) the Executive’s target bonus described in the first clause of subsection (i) in the definition of Good Reason if a reduction in Executive’s target bonus was reduced in the prior six (6) month period.

(ii)For a period of up to six (6) months following Executive’s Termination Date, Executive and where applicable, Executive’s spouse and eligible dependents, will continue to be eligible to receive medical coverage under the Company’s medical plans in accordance with the terms of the applicable plan documents; provided, that in order to receive such continued coverage at such rates, Executive will be required to pay the applicable premiums to the plan provider, and the Company will reimburse the Executive, within 30 days following the date such monthly premium payment is due, an amount equal to the monthly COBRA premium payment, less applicable tax withholdings. Notwithstanding the foregoing, if Executive obtains full-time employment during this six (6) month period that entitles him and his spouse and eligible dependents to medical coverage, Executive must notify the Company and no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. In addition, if Executive does not pay the applicable monthly COBRA premium for a particular month at any time during the six (6) month period and coverage is lost as a result, no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. Notwithstanding the above, if the Company determines in its sole discretion that it cannot provide the foregoing COBRA benefits without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable lump-sum payment in an amount equal to the monthly (or then remaining) COBRA premium that Executive would be required to pay to continue his group health coverage in effect on the Termination Date (which amount shall be based on the premium for the first month of COBRA coverage). 

(iii)With respect to any outstanding Company stock options held by the Executive as of his Termination Date that are not vested and exercisable as of such date, the Company shall accelerate the vesting of that portion of the Executive’s stock options, if any, which would have vested and become exercisable within the six (6) month period after the Executive’s Termination Date, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until a period of one year after the Executive’s Termination Date. Except as provided in this Section 2(b)(iii) and in Section 3(b)(iii) below, any portion of Executive’s outstanding stock options that are not vested and exercisable as of Executive’s Termination Date shall terminate. 

(iv)Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 

(c)Consequence of a Change in Control. Notwithstanding the terms of the Executive Incentive Plan (the “Plan”), if, as of the date of a Change in Control, Executive holds stock options issued under the Plan that are not vested and exercisable, such stock options shall become fully vested and exercisable as of the date of the Change in Control if the acquirer does not agree to assume or substitute for equivalent stock options such outstanding stock options. 

4.Termination of Employment on Account of Disability, Death, Cause or Voluntarily Without Good Reason. 

(a)Termination on Account of Disability. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of Disability, Executive shall be entitled to receive disability benefits under any disability program maintained by the Company that covers Executive, and Executive shall not 

4

receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive executes and does not revoke the Release:

(i)For a period of up to eighteen (18) months following Executive’s Termination Date, Executive and where applicable, Executive’s spouse and eligible dependents, will continue to be eligible to receive medical coverage under the Company’s medical plans in accordance with the terms of the applicable plan documents; provided, that in order to receive such continued coverage at such rates, Executive will be required to pay the applicable premiums to the plan provider, and the Company will reimburse the Executive, within 60 days following the date such monthly premium payment is due, an amount equal to the monthly COBRA premium payment, less applicable tax withholdings. Notwithstanding the foregoing, if Executive obtains full-time employment during this eighteen (18) month period that entitles him and his spouse and eligible dependents to comprehensive medical coverage, Executive must notify the Company and no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. In addition, if Executive does not pay the applicable monthly COBRA premium for a particular month at any time during the eighteen (18) month period and coverage is lost as a result, no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. Notwithstanding the above, if the Company determines in its sole discretion that it cannot provide the foregoing COBRA benefits without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable lump-sum payment in an amount equal to the monthly (or then remaining) COBRA premium that Executive would be required to pay to continue his group health coverage in effect on the Termination Date (which amount shall be based on the premium for the first month of COBRA coverage). 

(ii)With respect to any outstanding Company stock options held by the Executive as of his Termination Date that are not vested and exercisable as of such date, the Company shall accelerate the vesting of that portion of the Executive’s stock options, if any, which would have vested and become exercisable within the six (6) month period after the Executive’s Termination Date, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until a period of one year after the Executive’s Termination Date. Except as provided in this Section 2(b)(iii) and in Section 3(b)(iii) below, any portion of Executive’s outstanding stock options that are not vested and exercisable as of Executive’s Termination Date shall terminate. 

(iii)Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 

(b)Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s estate executes and does not revoke the Release: 

(i)With respect to any outstanding Company stock options held by the Executive as of his death that are not vested and exercisable as of such date, the Company shall fully accelerate the vesting and exercisability of such stock options, so that all such stock options shall be fully vested and exercisable as of the Executive’s death, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until the earlier of (A) a period of one year after the Executive’s death or 

(B) the original term of the option.

(ii)Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 

5

(c)Termination on Account of Cause. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates by the Company on account of Cause, Executive shall not receive benefits pursuant to Sections 2 and 3 hereof. 

(d)Termination on Account of Voluntary Resignation Without Good Reason. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of a resignation by Executive for no reason or any reason other than on account of Good Reason, Executive shall not receive benefits pursuant to Sections 2 and 3 hereof. 

5.Release. Notwithstanding the foregoing, no payments or other benefits under this Agreement shall be made unless Executive executes, and does not revoke, the Company’s standard written release, substantially in the form as attached hereto as Annex A, (the “Release”), of any and all claims against the Company and all related parties with respect to all matters arising out of Executive’s employment by the Company (other than entitlements under the terms of this Agreement or under any other plans or programs of the Company in which Executive participated and under which Executive has accrued or become entitled to a benefit) or a termination thereof, with such release being effective not later than sixty (60) days following Executive’s Termination Date. 

6.No Mitigation Obligation. Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for herein be reduced by any compensation earned by other employment or otherwise. 

7.Employment Rights. Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company or any subsidiary prior to or following any Change in Control. 

8.Non-Compete. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates for any reason Executive will have no restrictions of non-competition other than sharing intellectual property or trade secrets developed by the company subsequent to the Effective Date and Prior to Executive’s Termination Date. 

 

9.Tax Matters. Withholding of Taxes. The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling. 

10.Term of Agreement. This Agreement shall continue in full force and effect until the third anniversary of the Effective Date (the “Initial Term”), and shall automatically renew for additional one (1) year renewal periods (a “Renewal Term”) if Executive is employed by the Company on the last day of the Initial Term and on each Renewal Term; provided, however, that within the sixty (60) day period prior to the expiration of the Initial Term or any Renewal Term, at its discretion, the Board may propose for consideration by Executive, such amendments to the Agreement as it deems appropriate. If Executive’s employment with the Company terminates during the Initial Term or a Renewal Term, this Agreement shall remain in effect until all of the obligations of the parties hereunder are satisfied or have expired. 

11.Successors and Binding Agreement. 

(a)The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor will thereafter be deemed the “Company” for the purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company. 

(b)This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees. This Agreement will supersede the provisions of any employment, severance or other agreement between the Executive and the Company 

6

that relate to any matter that is also the subject of this Agreement, and such provisions in such other agreements will be null and void.

(c)This Agreement is personal in nature and neither of the parties hereto will, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 10(a) and 10(b). Without limiting the generality or effect of the foregoing, the Executive’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by the Executive’s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section 10(c), the Company will have no liability to pay any amount so attempted to be assigned, transferred or delegated. 

12.Notices. For all purposes of this Agreement, all communications, including without limitation notices, consents, requests or approvals, required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five (5) business days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as FedEx or UPS, addressed to the Company (to the attention of the Secretary of the Company) at its principal executive office and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address will be effective only upon receipt. 

13.Section 409A of the Code. 

(a)Interpretation. Notwithstanding the other provisions hereof, this Agreement is intended to comply with the requirements of section 409A of the Code, to the extent applicable, and this Agreement shall be interpreted to avoid any penalty sanctions under section 409A of the Code. Accordingly, all provisions herein, or incorporated by reference, shall be construed and interpreted to comply with section 409A of the Code and, if necessary, any such provision shall be deemed amended to comply with section 409A of the Code and regulations thereunder. If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under section 409A of the Code, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. Any amount payable under this Agreement that constitutes deferred compensation subject to section 409A of the Code shall be paid at the time provided under this Agreement or such other time as permitted under section 409A of the Code. No interest will be payable with respect to any amount paid within a time period permitted by, or delayed because of, section 409A of the Code. All payments to be made upon a termination of employment under this Agreement that are deferred compensation may only be made upon a “separation from service” under section 409A of the Code. For purposes of section 409A of the Code, each payment made under this Agreement shall be treated as a separate payment. In no event may Executive, directly or indirectly, designate the calendar year of payment. 

(b)Payment Delay. To the maximum extent permitted under section 409A of the Code, the severance benefits payable under this Agreement are intended to comply with the “short-term deferral exception” under Treas. Reg. §1.409A-1(b)(4), and any remaining amount is intended to comply with the “separation pay exception” under Treas. Reg. §1.409A-1(b)(9)(iii); provided, however, any amount payable to Executive during the six (6) month period following Executive’s Termination Date that does not qualify within either of the foregoing exceptions and constitutes deferred compensation subject to the requirements of section 409A of the Code, then such amount shall hereinafter be referred to as the “Excess Amount.” If at the time of Executive’s separation from service, the Company’s (or any entity required to be aggregated with the Company under section 409A of the Code) stock is publicly-traded on an established securities market or otherwise and Executive is a “specified employee” (as defined in section 409A of the Code and determined in the sole discretion of the Company (or any successor thereto) in accordance with the Company’s (or any successor thereto) “specified employee” determination policy), then the Company shall postpone the commencement of the payment of the portion of the Excess Amount that is payable within the six (6) month period following Executive’s Termination Date with the Company (or any successor thereto) for six (6) months following Executive’s Termination Date with the Company (or any successor thereto). The delayed Excess Amount shall be paid in a lump sum to Executive within ten (10) days following the date that is six (6) months following Executive’s Termination Date with the Company (or any successor thereto). If Executive dies during such six (6) month period and prior to the payment of the portion of the Excess Amount that is required 

 

to be delayed on account of section 409A of the Code, such Excess Amount shall be paid to the personal representative of Executive’s estate within sixty (60) days after Executive’s death.

7

(c)Reimbursements. All reimbursements provided under this Agreement 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 is for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not 

affect the expenses eligible for reimbursement in any other calendar 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 is not subject to liquidation or exchange for another benefit. Any tax gross up payments to be made hereunder shall be made not later than the end of Executive’s taxable year next following Executive’s taxable year in which the related taxes are remitted to the taxing authority.

14.Governing Law. The validity, interpretation, construction and performance of this Agreement will be governed by and construed in accordance with the substantive laws of the State of Utah, without giving effect to the principles of conflict of laws of such State. 

15.Validity. If any provision of this Agreement or the application of any provision hereof to any person or circumstances is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstances will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal. 

16.Miscellaneous. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this Agreement to be performed by such other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party that are not set forth expressly in this Agreement. References to Sections are to references to Sections of this Agreement. Any reference in this Agreement to a provision of a statute, rule or regulation will also include any successor provision thereto. 

18.Indemnification and D&O Insurance. Executive will be provided indemnification to the maximum extent permitted by the Company’s and its subsidiaries’ and affiliates’ Articles of Incorporation or Bylaws, including, if applicable, any directors and officers insurance policies, with such indemnification to be on terms determined by the Board or any of its committees, but on terms no less favorable than provided to any other Company executive officer or director and subject to the terms of any separate written indemnification agreement. 

19.Employee Benefits. Executive will be eligible to participate in the Company employee benefit plans, policies and arrangements that are applicable to other executive officers of the Company, as such plans, policies and arrangements may exist from time to time and on terms at least as favorable as provided to any other executive officer of the Company. 

20.No Duplication of Benefits. The benefits provided to Executive in this Agreement shall offset substantially similar benefits provided to Executive pursuant to another Company policy, plan or agreement (including without limitation the NewBridge Corporation Executive Severance Plan and the NewBridge Corporation Executive Retention Plan). 

21.Survival. Notwithstanding any provision of this Agreement to the contrary, the parties’ respective rights and obligations under Sections 2 and 3, will survive any termination or expiration of this Agreement or the termination of the Executive’s employment for any reason whatsoever. 

22.Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same agreement. 

8

 

 

IN WITNESS WHERE OF, the parties have caused this Agreement to be duly executed and delivered as of the date first above written.

 

 

NEWBRIDGE GOBAL VENTURES, INC.

 

 

	By:  

	/s/ Mark T. Mersman

	Name: 

	Mark T. Mersman

	Title:  

	Chief Financial Officer

	 

	 

	 

	 

	 

	EXECUTIVE

	 

	/s/ Scott A. Cox

	 

	Scott A. Cox

9

 

 

Annex A

 

RELEASE OF CLAIMS

 

This Release of Claims ("Agreement") is made by and between NewBridge Global Ventures, Inc. ("NewBridge") and ______

WHEREAS, you have agreed to enter into a release of claims in favor ofNewBridge upon certain events specified in the Executive Employment Agreement by and between NewBridge and you;

NOW, THEREFORE, in consideration of the mutual promises made herein, NewBridge and you agree as follows:

 

1.Termination Date. This means the last day of your employment with NewBridge. 

 

2.Acknowledgement of Payment of Wages. You acknowledge that NewBridge has paid you all accrued wages, salary, bonuses, accrued but unused vacation pay and any similar payment due and owing, with the exception of the payments and benefits owed to you under the Executive Employment Agreement and/or under any equity-based compensation awards. 

3.Confidential Information. You hereby acknowledge that you are bound by all confidentiality agreements that you entered into with NewBridge and/or any and all past and current parent, subsidiary, related, acquired and affiliated companies, predecessors and successors thereto (which agreements are incorporated herein by this reference), that as a result of your employment you have had access to the Confidential Information (as defined in such agreement(s)), that you will hold all such Confidential Information in strictest confidence and that you may not make any use of such Confidential Information on behalf of any third party. You further confirm that within five business days following the Termination Date you will deliver to NewBridge all documents and data of any nature containing or pertaining to such Confidential Information and that you will not take with you any such documents or data or any reproduction thereof. 

4.Release and Waiver of All Claims. You waive any limitation on this release under Utah Civil Code which provides that a general release does not extend to claims which a person does not know or suspect to exist in his favor at the time of executing the release which, if known, must have materially affected his/her decision to grant the release. In consideration of the benefits provided in this Agreement, you release NewBridge, and any and all past, current and future parent, subsidiary, related and affiliated companies, predecessors and successors thereto, as well as their officers, directors, shareholders, agents, employees, affiliates, representatives, attorneys, insurers, successors and assigns, from any and all claims, liability, damages or causes of action whatsoever, whether known or unknown, which exist or may in the future exist arising from or relating to events, acts or omissions on or before the Effective Date of this Agreement, other than those rights which as a matter of law cannot be waived. 

10

You understand and acknowledge that this release includes, but is not limited to any claim for reinstatement, re- employment, damages, attorney fees, stock options, bonuses or additional compensation in any form, and any claim, including but not limited to those arising under tort, contract and local, state or federal statute, including but not limited to Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Post Civil War Civil Rights Act (42 U.S.C. 1981-88), the Equal Pay Act, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Vietnam Era Veterans Readjustment Assistance Act, the Fair Labor Standards Act, the Family Medical Leave Act of 1993, the Uniformed Services Employment and Re-employment Rights Act, the Employee Retirement Income Security Act of 1974, and the civil rights, employment, and labor laws of any state and any regulation under such authorities relating to your employment or association with NewBridge or the termination of that relationship.

You also acknowledge that you are waiving and releasing any rights you may have under the Age Discrimination in Employment Act (ADEA) and that this waiver and release is knowing and voluntary. You acknowledge that (1) you have been, and hereby are, advised in writing to consult with an attorney prior to executing this Agreement; (2) as consideration for executing this Agreement, you have received additional benefits and compensation of value to which you would otherwise not be entitled, and (3) by signing this Agreement, you will not waive rights or claims under the Act which may arise after the execution of this Agreement; and (4) you have twenty-one (21) calendar days within which to consider this Agreement and in the event you sign the Agreement prior to 21days, you do so voluntarily. Once you have accepted the terms of this Agreement, you will have an additional seven (7) calendar days in which to revoke such acceptance. To revoke, you must send a written statement of revocation to the Vice President of Human Resources. If you revoke within seven (7) days, you will receive no benefits under this Agreement. In the event you do not exercise your right to revoke this Agreement, the Agreement shall become effective on the date immediately following the seven-day (7) waiting period described above.

This release does not waive any rights you may have under any directors and officers insurance or indemnity provision, agreement or policy in effect as of the Termination Date, nor does it affect vested rights you may have under any equity-based compensation plan, retirement plan, 401(k) plan or other benefits plan.

5.No Pending or Future Lawsuits. You represent that you have no lawsuits, claims, or actions pending in your name or on behalf of any other person or entity, against NewBridge or any other person or entity referred to herein. You also represent that you do not intend to bring any claims on your own behalf or on behalf of any other person or entity against NewBridge or any other person or entity referred to herein. 

6.Resignation from Board. If you are serving on the Board at the time of termination, you agree that you will offer your resignation from the Board of Directors effective upon your Termination Date. 

7.Non disparagement. You agree that you will not, whether orally or in writing, make any disparaging statements or comments, either as fact or as opinion, about NewBridge or its products and services, business, technologies, market position, agents, representatives, directors, officers, shareholders, attorneys, employees, vendors, affiliates, successors or assigns, or any person acting by, through, under or in concert with any of them. 

8.Additional Terms 

 

	A.

	Legal and Equitable Remedies. You agree that NewBridge shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief without prejudice to any other rights or remedies NewBridge may have at law or in equity for breach of this Agreement.

	B.

	Attorney’s Fees. If any action at law or in equity is brought to enforce the terms of this Agreement, the prevailing party shall be entitled to recover from the other party its reasonable attorneys’ fees, costs and expenses at trial or arbitration and any appeal therefrom, in addition to any other relief to which such prevailing party may be entitled.

	C.

	Non-Disclosure. You agree to keep the contents, terms and conditions of this Agreement confidential; provided, however that you may disclose this Agreement with your spouse, attorneys, and accountants, or pursuant to subpoena or court order. Any breach of this non-disclosure paragraph is a material breach of this Agreement.

	D.

	No Admission of Liability. This Agreement is not, and the parties shall not represent or construe this Agreement, as an admission or evidence of any wrongdoing or liability on the part of NewBridge, its officers, shareholders, directors, employees, subsidiaries, affiliates, divisions, successors or assigns. Neither party shall

11

	 

	attempt to admit this Agreement into evidence for any purpose in any proceeding except in a proceeding to construe or enforce the terms of this Agreement.

	E.

	Entire Agreement. This Agreement along with the Executive Employment Agreement, the Intellectual Property and Confidentiality Agreement (if any), and your written equity award agreements with NewBridge, constitutes the entire agreement between you and NewBridge with respect to your separation from NewBridge and supersedes all prior negotiations and agreements, whether written or oral, relating to its subject matter.

	F.

	Modification/Successors. This Agreement may not be altered, amended, modified, or otherwise changed in any respect except by another written agreement that specifically refers to this Agreement, and that is duly executed by you and an authorized representative of NewBridge. This Agreement shall be binding upon your heirs, executors, administrators and other legal representatives and may be assigned and enforced by NewBridge, its successors and assigns.

	G.

	Severability. The provisions of this Agreement are severable. If any provision of this Agreement or its application is held invalid, the invalidity shall not affect other obligations, provisions, or applications of this Agreement that can be given effect without the invalid obligations, provisions, or applications.

	H.

	Waiver. The failure of either party to demand strict performance of any provision of this Agreement shall not constitute a waiver of any provision, term, covenant, or condition of this agreement or of the right to demand strict performance in the future.

 

	I.

	Governing Law and Jurisdiction. This Agreement shall be interpreted and enforced in accordance with the laws of the State of Utah. The exclusive jurisdiction for any action to interpret or enforce this Agreement shall be the State of Utah.

	J.

	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and same instrument.

	K.

	Voluntary Execution of Agreement. This Agreement is executed voluntarily and without any duress or undue influence on the part of the Parties hereto, with the full intent of releasing all claims. You acknowledge that:

	 

	a.

	You have read this Agreement;

	 

	b.

	You understand the terms and consequences of this Agreement and the releases it contains;

	 

	c.

	You have been advised to consult with an attorney prior to executing this Agreement

	 

	d.

	You knowingly and voluntarily agree to all the terms in this Agreement and;

	 

	e.

	You knowingly and voluntarily intend to be bound by this Agreement.

 

 

 

	Executive;

 

Sign :   /s/ Scott A. Cox

	 

 

Dated:

	 

 

NewBridge Global Ventures, Inc.

	 

	By:

 

Sign :   /s/ Robert Bench

	 

 

Dated:

12

Exhibit A 

 

Executive Incentive Plan

 

TARGET BONUS FOR PERIOD FROM JULY 1, 2018 THROUGH JUNE 30, 2019:

·$150,000 

·Participation in Executive Stock Option Plan as outlined by the Compensation Committee. 

·25% of earned Target Bonus will be paid within 30 days from the end of each calendar quarter. 

 

MARKET LIQUIDITY—25% OF QUARTERLY TARGET BONUS:

·September 2018 Quarter: 

o20 day rolling average of price per share equal to or greater than $1.00. 

o20 day rolling average of shares traded per day equal to or greater than 2,000. 

·December 2018 Quarter: 

o20 day rolling average of price per share equal to or greater than $1.50. 

o20 day rolling average of shares traded per day equal to or greater than 4,000. 

·March 2019 Quarter: 

o20 day rolling average of price per share equal to or greater than $2.00. 

o20 day rolling average of shares traded per day equal to or greater than 8,000. 

·June 30 Quarter: 

o20 day rolling average of price per share equal to or greater than $2.50. 

o20 day rolling average of shares traded per day equal to or greater than 16,000. 

 

GROSS REVENUES—50% OF QUARTERLY TARGET BONUS:

·September 2018 Quarter: 

o$1 million 

·December 2018 Quarter: 

o$2 million 

·March 2019 Quarter: 

o$4 million. 

·June 30 Quarter: 

o$8 million. 

 

NET INCOME—25% OF QUARTERLY TARGET BONUS:

·September 2018 Quarter: 

oAuto bonus 

·December 2018 Quarter: 

o$200,000 

·March 2019 Quarter: 

o$400,000. 

·June 30 Quarter: 

o$1,200,000 

13EX-10.1

 Exhibit 10.1 

REGIS CORPORATION 
 STOCK
PURCHASE AND MATCHING RSU PROGRAM 
 1. Establishment and Purpose. This Regis Corporation Stock Purchase and Matching RSU Program
(this “SPMP”) was adopted by the Board of Directors (the “Board”) of Regis Corporation (the “Company”) on August 30, 2018. This SPMP is intended to provide certain key employees of the Company and its affiliates
with the opportunity to purchase shares of the Company’s common stock, par value $0.05 per share (the “Common Stock”) with amounts earned under the Company’s Short Term Incentive Compensation Plan, or any successor plan pursuant
to which eligible employees receive annual cash incentive awards (together, the “Annual Bonus Plan”), and receive certain matching restricted stock unit awards (the “Matching RSUs”) for making such purchases on the terms set
forth herein. 
  

	2.	 Eligibility; Participation; Administration. 

2.1. Eligibility. An employee of the Company or an affiliate shall be eligible to participate in this SPMP if the employee is an officer of the Company
subject to Section 16 of the Securities Exchange Act of 1934, as amended, and the Compensation Committee of the Board (the “Committee”) approves the participation of such employee. 

2.2. Participation. An eligible employee may elect to participate in this SPMP by submitting a participation agreement in the form determined by the
Company (a “Participation Agreement”) to the Company or its affiliate, as applicable, and become a “Participant” under this SPMP. 

2.3. Administration. This SPMP shall be administered by the Committee. The Committee has full discretionary authority to construe and interpret the
provisions of this SPMP and make factual determinations hereunder, including the power to determine the rights or eligibility of employees or Participants and any other persons, and the amounts of their benefits under this SPMP, and to remedy
ambiguities, inconsistencies or omissions. The Committee, from time to time, may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of this SPMP and as are consistent with the terms of this
SPMP. The Committee may delegate all or any part of its powers, rights, and duties under this SPMP to such person or persons as it may deem advisable, and may engage agents to provide certain administrative services with respect to this SPMP. All
decisions made by the Committee pursuant to the provisions of this SPMP shall be final and binding on all persons, including the Company and Participants. 
  

	3.	 Stock Purchases; Matching Restricted Stock Unit Awards; Employment Required.

 3.1. Stock Purchases. 

(a) A Participant may, but is not required to, elect to purchase shares of Common Stock having a fair market value on the purchase date equal
to the “Stock Purchase Amount.” 
 (i) For the Company’s fiscal year ended June 30, 2018, “Stock Purchase
Amount” will equal the product obtained by multiplying (A) the Participant’s target annual incentive award for fiscal 2018 by (B) 25% or 50%, as selected by Participant (the “Election Percentage”) by (C) 52.8% (the “Post-Tax Percentage”). 

  
 1 

 (ii) For the Company’s fiscal year ended June 30, 2019 and thereafter, “Stock
Purchase Amount” will equal the product obtained by multiplying (A) the Participant’s Annual Bonus Payment by (B) the Election Percentage by (C) the Post-Tax Percentage. 

The “Annual Bonus Payment” is the amount of the annual incentive to be paid under the Annual Bonus Plan, which shall be determined based on the
amount of the annual incentive the Committee determines is earned under the Annual Bonus Plan following certification of the level of achievement of the performance metrics under the Annual Bonus Plan and any discretionary adjustments determined to
be used by the Committee pursuant to the Annual Bonus Plan. The Committee shall have the right to revise the Post-Tax Percentage from time to time to reflect changes in tax law. 

(b) If a Participant elects to purchase shares of Common Stock under this SPMP, the purchase shall be effected by the Participant submitting
(i) an election form by the date specified by the Company following certification by the Committee of the level of achievement under the Annual Bonus Plan and (ii) a check payable to the Company in an amount equal to the Stock Purchase
Amount, or, alternatively if the Company so elects and the election form provides authorization therefor, the Company shall withhold an amount equal to the Stock Purchase Amount from the amount otherwise due to be paid to the Participant under the
Annual Bonus Plan. Once submitted by the Participant for the applicable fiscal year, such election form shall become irrevocable. The Company will then use such Stock Purchase Amount to purchase shares of Common Stock under this SPMP on a date
determined by the Company (the “Purchase Date”). The number of shares of Common Stock (rounded down to the nearest whole share) to be purchased shall be determined by dividing the Stock Purchase Amount by the closing price of a share of
Common Stock on the New York Stock Exchange or such other principal securities exchange on which the shares of Common Stock are listed or traded on the Purchase Date. The Company shall, as soon as practicable after the Purchase Date, issue one or
more certificates representing the shares of Common Stock purchased under this SPMP in the name of the Participant and shall hold such certificates on behalf of the Participant for the sole purpose of determining whether the shares are being
retained by the Participant. The Participant shall have all rights of a shareholder with respect to all shares of Common Stock purchased under the SPMP, including the right to vote as well as the right to receive all dividends declared and paid
thereon. The Participant shall have a right to receive the certificates from the Company at any time, provided that once the Participant receives the certificates, the Company shall be entitled to such action as it deems appropriate to determine
whether the shares are being retained by the Participant or being sold or transferred in a manner that would affect the Participant’s rights under the Matching RSUs. 

(c) The total number of shares of Common Stock reserved and available for stock purchases pursuant to this SPMP shall be 250,000, which number
of shares shall be subject to equitable adjustment by the Committee in the event of any equity restructuring, such as a stock dividend or stock split. For the avoidance of doubt, shares of Common Stock issued pursuant to awards of Matching RSUs
shall not reduce the shares reserved and available in the preceding sentence, but instead shall be issued from the shares reserved and available for issuance under the Company’s 2016 Long Term Incentive Plan or any successor equity compensation
plan (“LTIP”). 

  
 2 

 3.2. Matching Restricted Stock Unit Awards. A Participant who purchases shares in accordance with
Section 3.1 shall also receive Matching RSUs, evidenced by the form of agreement attached hereto as Exhibit A(1), in the case of the Company’s CEO only, and Exhibit A(2), in the case of the other
Participants. 
 For fiscal year 2018, the number of shares of Common Stock subject to the Matching RSUs shall be determined by dividing the amount of the
Participant’s target annual incentive award for fiscal 2018, regardless of the amount actually earned or paid) by the per share price at which shares of Common Stock were purchased in accordance with Section 3.1(b), multiplied by 100% if
the Participant’s election with respect to the fiscal 2018 is 50% or (b) 50% if the Participant’s election was 25%. 
 For fiscal years after
fiscal year 2018, the number of shares of Common Stock subject to the Matching RSUs shall be determined by dividing the Annual Bonus Payment before deducting any related or normalized tax withholding by the per share price at which shares of Common
Stock were purchased in accordance with Section 3.1(b), multiplied by (a) 200% if the Participant’s Election Percentage was 50% or (b) 100% if the Participant’s Election Percentage was 25%. 

Sale or transfer of the shares of Common Stock purchased under the SPMP prior to the date Matching RSUs have vested will affect the vesting of any Matching
RSUs or result in the forfeiture thereof, as detailed in Matching RSU award agreement. 
 3.3. Calculation Example. For illustrative purposes only,
if a Participant’s pre-tax annual incentive to be paid (or, with respect to fiscal 2018, the target annual incentive award amount) under the Annual Bonus Plan for a fiscal year was $500,000 and the
Participant elected to purchase shares of Common Stock under this SPMP at an Election Percentage of 50%, the following calculation would apply: 
  

									
	 	  	FY18	 	 	FY19	 
	 Pre-tax contribution:
	  	$	250,000	 	 	$	250,000	 
	 Assumed tax rate:
	  	 	47.2	% 	 	 	47.2	% 
	 After-tax common stock purchase value required to be paid
to the Company by Participant (i.e., “Stock Purchase Amount”):
	  	$	132,000	 	 	$	132,000	 
	 Value of Matching RSU grant:
	  	$	250,000	 	 	$	500,000	 

 3.4 Employment Required. A Participant must be employed by the Company or an affiliate of the Company on the date that
the shares of Common Stock are purchased in accordance with Section 3.1(b) in order to purchase shares of Common Stock under this SPMP and receive Matching RSUs under the LTIP. 

  
 3 

	4.	 Miscellaneous. 

4.1. Amendment and Termination. The Company reserves the right to amend, modify, or terminate this SPMP (in whole or in part) at any time by action of
the Board or the Committee, with or without prior notice. Except as described below in this Section 4.1, no such amendment or termination shall in any material manner adversely affect any Participant’s rights to any shares already
purchased hereunder or any Matching RSUs granted pursuant hereto, up to the date of amendment or termination, without the consent of the Participant. Subject to the above provisions, the Board and the Committee shall have broad authority to amend
this SPMP to take into account changes in applicable law, including but not limited to securities and tax laws and accounting rules. 
 4.2. No Right to
Employment. Neither the adoption of this SPMP nor the granting of awards under this SPMP shall confer upon any employee any right to continued employment nor shall they interfere in any way with the right of the Company, or a subsidiary or an
affiliate thereof, to terminate the employment of any employee at any time. Nothing contained in this SPMP shall prevent the Company, or a subsidiary or an affiliate thereof, from adopting other or additional compensation arrangements for their
respective employees. 
 4.3. Controlling Law. This SPMP and actions taken thereunder shall be governed by and construed in accordance with the laws
of Minnesota (other than its law respecting choice of law). This SPMP shall be construed to comply with all applicable law and to avoid liability to the Company, an affiliate or a Participant. 

4.4. No Rights with Respect to Continuance of Employment. Nothing contained herein shall be deemed to alter the relationship between the Company or an
affiliate and a Participant, or the contractual relationship between a Participant and the Company or an affiliate if there is a written contract regarding such relationship. Nothing contained herein shall be construed to constitute a contract of
employment between the Company or an affiliate and a Participant. The Company or an affiliate and each of the Participants continue to have the right to terminate the employment or service relationship at any time for any reason, except as provided
in a written contract. The Company or an affiliate shall have no obligation to retain the Participant in its employ or service as a result of this SPMP. There shall be no inference as to the length of employment or service hereby, and the Company or
an affiliate reserves the same rights to terminate the Participant’s employment or service as existed prior to the individual becoming a Participant in this SPMP. 

4.5. Headings. The headings contained in this SPMP are for reference purposes only and shall not affect the meaning or interpretation of this SPMP.

 4.6. Severability. If any provision of this SPMP shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provision hereby, and this SPMP shall be construed as if such invalid or unenforceable provision were omitted. 

  
 4 

 4.7. Successors and Assigns. This SPMP shall inure to the benefit of and be binding upon each
successor and assign of the Company. All obligations imposed upon a Participant, and all rights granted to the Company hereunder, shall be binding upon the Participant’s heirs, legal representatives and successors. 

4.8. Entire Agreement. This SPMP and each Participation Agreement constitute the entire agreement with respect to the subject matter hereof and
thereof, provided that in the event of any inconsistency between the SPMP and each Participation Agreement, the terms and conditions of this SPMP shall control. 

  
 5 

 Exhibit A(1) 

Form of CEO RSU Award Agreement 

 Form of FY19 Matching RSU Awards – HS 

REGIS CORPORATION 

RESTRICTED STOCK UNIT AGREEMENT 

THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), dated as of
                            , 20     (the “Grant
Date”), is between Regis Corporation, a Minnesota corporation (the “Company”), and Hugh Sawyer (the “Participant”). 

WHEREAS, the Participant is a valued and trusted employee of the Company and the Company desires to grant the Participant an award of
Restricted Stock Units which afford the Participant an opportunity to receive shares of the Company’s Common Stock under the Regis Corporation 2016 Long Term Incentive Plan, as amended and restated to date (the “Plan”); and

 WHEREAS, reference is made to the Employment Agreement, by and between the Company and Participant as of the 17th day of April, 2017 (the
“Employment Agreement”); and 
 WHEREAS, the Committee has duly made all determinations necessary or appropriate for the
grant of the Restricted Stock Units hereunder (the “Award”); and 
 WHEREAS, this Award is granted in connection with your
purchase of [•] shares of the Company’s Common Stock (the “Related Shares”) under the Company’s Stock Purchase and Matching RSU Program. 

NOW, THEREFORE, in consideration of the premises and mutual covenants set forth and for other good and valuable consideration, receipt of
which is hereby acknowledged, the parties hereto have agreed, and do hereby agree, as follows: 
  

	1.	 Definitions. 

For purposes of this Agreement, the definitions of terms contained in the Plan hereby are incorporated by reference, except to the extent that
any such term is specifically defined in this Agreement. For purposes of this Agreement and the Award, Change in Control shall have the meaning set forth in the Plan except that any references in such definition to “twenty percent (20%)”
are replaced by “forty-nine percent (49%)”. 
  

	2.	 Grant of Restricted Stock Units, Term and Vesting. 

(a) Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant
                         (        ) Restricted Stock Units (the
“RSUs”), with no obligation to pay cash or other property for such RSUs. The RSUs will be credited to an account in the Participant’s name maintained by the Company. This account shall be unfunded and maintained for book-keeping
purposes only, with each RSU representing an unfunded and unsecured promise by the Company to issue to the Participant one share of the Company’s Common Stock in settlement of a vested RSU. 

(b) 100% of the RSUs will vest on the fifth anniversary of the Grant Date, subject to Participant’s continued employment with the Company
through such anniversary and the other terms and conditions set forth in this Agreement. 

 (c) Notwithstanding Section 2(b), if the Participant experiences a Qualifying
Termination, then the Applicable Portion of the RSUs immediately shall vest on the date of the Qualifying Termination. For purposes of the immediately preceding sentence: 

(i) “Qualifying Termination” means a Termination of Employment (A) without Cause (other than as a result of death or
Disability) or for Good Reason within 12 months following a Change in Control, (B) due to death or Disability, or (C) without Cause (other than as a result of death or Disability) after the one year anniversary of the Grant Date. 

(ii) “Applicable Portion of the RSUs” means: 
  

			
	 Type of Qualifying Termination
	  	 Applicable Portion of the RSUs

	Prior to the third anniversary of the Grant Date	  	A number of RSUs equal to the product obtained by multiplying (A) the total number RSUs by (B) a fraction, the numerator of which is the number of days elapsed from the Grant Date through the date of Participant’s
Termination of Employment and the denominator of which is the number of days between the Grant Date and the fifth anniversary of the Grant Date
		
	A Qualifying Termination covered by clause (A) or clause (B) of the definition of Qualifying Termination that occurs on or after the third anniversary of the Grant Date	  	100% of the RSUs
		
	A Qualifying Termination covered by clause (C) of the definition of Qualifying Termination that occurs on or after the third anniversary of the Grant Date	  	A number of RSUs equal to the product obtained by multiplying (A) the total number RSUs by (B) a fraction, the numerator of which is the number of days elapsed from the Grant Date through the date of Participant’s
Termination of Employment and the denominator of which is the number of days between the Grant Date and the fifth anniversary of the Grant Date

 (iii) A Termination of Employment without Cause shall include a Termination of Employment at the conclusion of
the Initial Term or any Renewal Term (each as defined in the Employment Agreement) resulting from the Company’s written notice of non-renewal pursuant to the terms of the Employment Agreement. 

(d) For purposes of this Agreement, (i) notwithstanding anything to the contrary in the Plan, Participant shall not be deemed to have
experienced a Termination of Employment until the later of (A) his ceasing to be an employee of the Company and (B) his ceasing to be a member of the Board and (ii) if Participant’s RSUs are considered non-qualified deferred compensation subject to Code Section 409A, a Termination of Employment shall be deemed to have occurred only if on such date the Participant has also experienced a “separation
from service” as defined in the regulations promulgated under Code Section 409A. 
 (e) For purposes of this Agreement, if
Participant’s RSUs are considered non-qualified deferred compensation subject to Code Section 409A, a Change in Control shall be deemed to have occurred for purposes of settling vested RSUs only if
such event would also be deemed to constitute a change in ownership or effective control, or a change in the ownership of a substantial portion of the assets, of the Company under Code Section 409A. 

  
 -2- 

 (f) For purposes of this Agreement “Good Reason” shall have the meaning ascribed
to such term in the Employment Agreement; provided, however, that in order for the Termination of Employment to constitute a Termination of Employment for Good Reason, Participant must terminate employment no later than one hundred and twenty
(120) days following the end of the applicable cure period. 
 (g) For the avoidance of doubt, Section 10.1 of the Plan
shall not apply to this Award. 
  

	3.	 Forfeiture of Unvested RSUs. 

(a) Subject to any accelerated vesting under Section 2(c), and any exercise of the Committee’s discretion under Section 8.3(4)
of the Plan, if the Participant experiences a Termination of Employment, any unvested RSUs shall be forfeited and the Participant shall have no further interest in, or right to receive shares of Common Stock in settlement of, such RSUs. 

(b) If Participant transfers (other than pursuant to the laws of descent and distribution) 50% or less of the Related Shares before any
portion of Participant’s RSUs vest, Participant will immediately forfeit 50% of the unvested RSUs. If Participant transfers (other than pursuant to the laws of descent and distribution) more than 50% of the Related Shares (including any such
shares transferred pursuant to the immediately preceding sentence) before any portion of the Participant’s RSUs vest, Participant will immediately forfeit 100% of any unvested RSUs. 

 

	4.	 Settlement of RSUs. 

Subject to Section 21, after any RSUs vest pursuant to Section 2, the Company shall, as soon as practicable (but no later than thirty
(30) days following the date on which the RSUs vest), cause to be issued and delivered to the Participant one share of Common Stock in payment and settlement of each vested RSU. Delivery of the shares shall be effected by the delivery of a
stock certificate evidencing the shares, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to the Participant, or by the electronic delivery of the shares to a brokerage
account designated by the Participant, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements, including compliance with the requirements of applicable federal and state
securities laws, and shall be in complete satisfaction and settlement of such vested RSUs. Upon settlement of the RSUs, the Participant will obtain, with respect to the shares of Common Stock received in such settlement, full voting and other rights
as a shareholder of the Company. 
  

	5.	 Shareholder Rights. 

The RSUs subject to this Award do not entitle the Participant to any rights of a holder of the Company’s Common Stock. The Participant
will not have any of the rights of a shareholder of the Company in connection with the grant of the RSUs unless and until shares of Common Stock are issued to the Participant in settlement of the RSUs as provided in Section 4. 

 

	6.	 Dividend Equivalents. 

If a cash dividend is declared and paid by the Company with respect to its Common Stock, the Participant will be credited as of the applicable
dividend payment date with an additional number of RSUs (the “Dividend RSUs”) equal to (i) the total cash dividend the Participant would have received if the number of RSUs credited to the Participant under this Agreement as of
the related dividend payment record date (including any previously credited Dividend RSUs) had been actual shares of Common Stock, divided by (ii) the Fair Market Value of a share of Common Stock as of the applicable dividend payment date (with
the quotient rounded down to the nearest whole number). Once credited to the Participant’s account, Dividend RSUs will be considered RSUs for all purposes of this Agreement. 

  
 -3- 

	7.	 Restrictions on Transferability. 

(a) Neither the Award evidenced by this Agreement nor the RSUs may be sold, transferred, pledged, assigned, or otherwise alienated at any time,
other than by will or the laws of descent and distribution. Any attempt to do so contrary to the provisions hereof shall be null and void. 

(b) Participant agrees that Participant will not sell, transfer, pledge, assign or otherwise alienate at any time, other than by will or the
laws of descent and distribution any shares of Common Stock that Participant receives upon the vesting of RSUs until such time as Participant is neither an employee of the Company nor a member of the Board and the Company may take such reasonable
actions to ensure compliance with this Section 7(b). 
  

	8.	 Tax Consequences and Payment of Withholding Taxes. 

Neither the Company nor any of its Affiliates shall be liable or responsible in any way for the tax consequences relating to the award of RSUs,
their vesting and the settlement of vested RSUs in shares of Common Stock. The Participant agrees to determine and be responsible for any and all tax consequences to the Participant relating to the award, vesting and settlement of RSUs hereunder. If
the Company is obligated to withhold an amount on account of any tax imposed as a result of the grant, vesting or settlement of the RSUs, the provisions of Section 12.5 of the Plan regarding the satisfaction of tax withholding obligations shall
apply (including any required payments by the Participant). 
  

	9.	 Administration. 

The Plan and this Award of RSUs are administered by the Committee, in accordance with the terms and conditions of the Plan. Actions and
decisions made by the Committee in accordance with this authority shall be effectuated by the Company. 
  

	10.	 Plan and Agreement; Recoupment Policy. 

The Participant hereby acknowledges receipt of a copy of the Plan. The grant of RSUs is made pursuant to the Plan, as in effect on the date
hereof, and is subject to all the terms and conditions of the Plan, as the same may be amended or restated from time to time, and of this Agreement. If there is any conflict between the provisions of this Agreement and the Plan, the provisions of
the Plan will govern. The interpretation and construction by the Committee of the Plan, this Agreement, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, shall be final and binding upon the
Participant. The Company shall, upon written request therefore, send a copy of the Plan, in its then current form, to the Participant or any other person or entity then entitled to receive the shares of Common Stock to be issued in settlement of the
RSUs. 
 The Company may recover any equity awarded to the Participant under this Agreement, or proceeds from the sale of such equity, to
the extent required by Section 10(b) of the Employment Agreement or any rule of the Securities and Exchange Commission or any listing standard of the New York Stock Exchange, including any rule or listing standard requiring recovery of
incentive compensation in connection with an accounting restatement due to the Company’s material noncompliance with any financial reporting requirement under the securities laws, which recovery shall be subject to the terms of any policy of
the Company implementing such rule or listing standard. 

  
 -4- 

	11.	 No Employment Rights. 

Neither this Agreement nor the Award evidenced hereby shall give the Participant any right to continue in the employ of the Company, any
Affiliate or any other entity, or create any inference as to the length of employment of the Participant, or affect the right of the Company (or any Affiliate or any other entity) to terminate the employment of the Participant (with or without
Cause), or give the Participant any right to participate in any employee welfare or benefit plan or other program of the Company, any Affiliate or any other entity. 
  

	12.	 Requirements of Law and No Disclosure Rights. 

The Company shall not be required to issue any shares of Common Stock in settlement of RSUs granted under this Agreement if the issuance of
such shares shall constitute a violation of any provision of any applicable law or regulation of any governmental authority. The Company shall have no duty or obligation beyond those imposed by applicable securities laws generally to affirmatively
disclose to the Participant or a Representative, and the Participant or Representative shall have no right to be advised of, any material non-public information regarding the Company or an Affiliate at any
time prior to, upon or in connection with the issuance of the shares of Common Stock in settlement of the Participant’s RSU Award. 
  

	13.	 Governing Law. 

This Agreement, the awards of RSUs hereunder and the issuance of Common Stock in payment of RSUs shall be governed by, and construed and
enforced in accordance with, the laws of the State of Minnesota (other than its laws respecting choice of law). 
  

	14.	 Entire Agreement. 

This Agreement and the Plan constitute the entire obligation of the parties hereto with respect to the subject matter hereof and shall
supersede any prior expressions of intent or understanding with respect to this transaction. 
  

	15.	 Amendment. 

Any amendment to this Agreement shall be in writing and signed on behalf of the Company, and shall comply with the terms and conditions of the
Plan. 
  

	16.	 Waiver; Cumulative Rights. 

The failure or delay of either party to require performance by the other party of any provision hereof shall not affect its right to require
performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time. 

 

	17.	 Counterparts. 

This Agreement may be signed in two (2) counterparts, each of which shall be an original, but both of which shall constitute but one and
the same instrument. 

  
 -5- 

	18.	 Headings. 

The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

  

	19.	 Severability. 

If for any reason any provision of this Agreement shall be determined to be invalid or unenforceable, such invalidity or unenforceability shall
not affect any other provision hereof, and this Agreement shall be construed as if such invalid or unenforceable provision were omitted. 
  

	20.	 Successors and Assigns. 

This Agreement shall inure to the benefit of and be binding upon each successor and assign of the Company, and upon the heirs, legal
representatives and successors of the Participant. 
  

	21.	 Code Section 409A. 

Notwithstanding anything to the contrary in this Agreement, including Section 4, if any amount shall be payable with respect to this Award
as a result of the Participant’s “separation from service” at such time as the Participant is a “specified employee” (as those terms are defined in regulations promulgated under Code Section 409A) and such amount is
subject to the provisions of Code Section 409A, then no payment shall be made, except as permitted under Code Section 409A, prior to the first day of the seventh calendar month beginning after the Participant’s separation from service
(or the date of Participant’s earlier death), or as soon as administratively practicable thereafter. Participant shall not have the right to designate the timing of settlement of the RSUs. If the
thirty-day settlement period spans two different calendar years, settlement shall occur during the later calendar year. 

[Signature Page Follows] 

  
 -6- 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and the Participant has hereunto set his hand, all as of the day and year first above written. 
  

			
	REGIS CORPORATION

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

	
	PARTICIPANT:
	
	   

	Hugh Sawyer

  
 -7- 

 Exhibit A(2) 

Form of Tier I Employee (non-CEO) RSU Award Agreement 

 Form of Matching Awards – Tier I 

REGIS CORPORATION 

RESTRICTED STOCK UNIT AGREEMENT 

THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), dated as of
                    , 20          (the “Grant Date”), is between Regis
Corporation, a Minnesota corporation (the “Company”), and
                                        
(the “Participant”). 
 WHEREAS, the Participant is a valued and trusted employee of the Company and the Company desires to
grant the Participant an award of Restricted Stock Units which afford the Participant an opportunity to receive shares of the Company’s Common Stock under the Regis Corporation 2016 Long Term Incentive Plan, as amended and restated to date (the
“Plan”); and 
 WHEREAS, the Committee has duly made all determinations necessary or appropriate for the grant of the
Restricted Stock Units hereunder (the “Award”); and 
 WHEREAS, this Award is granted in connection with your purchase of
[•] shares of the Company’s Common Stock (the “Related Shares”) under the Company’s Stock Purchase and Matching RSU Program. 

NOW, THEREFORE, in consideration of the premises and mutual covenants set forth and for other good and valuable consideration, receipt of
which is hereby acknowledged, the parties hereto have agreed, and do hereby agree, as follows: 
  

	1.	 Definitions. 

For purposes of this Agreement, the definitions of terms contained in the Plan hereby are incorporated by reference, except to the extent that
any such term is specifically defined in this Agreement. 
 (a) “Change in Control” shall have the meaning set forth in the
Plan except that any references in such definition to “twenty percent (20%)” are replaced by “forty-nine percent (49%)”. 

(b) “Good Reason” (i) shall have the meaning ascribed to such term in Participant’s employment agreement with the
Company; provided, however, that in order for the Termination of Employment to constitute a Termination of Employment for Good Reason, Participant must terminate employment no later than one hundred and twenty (120) days following the end of
the applicable cure period, or (ii) if there is no such employment agreement with the Company, “Good Reason” shall mean the occurrence, without the express written consent of the Participant, of any of the following: 

(A) any material diminution in the nature of the Participant’s authority, duties or responsibilities; 

(B) any reduction by the Company in the Participant’s base salary then in effect or target bonus percentage (other than any reduction
mutually agreed upon by the Company and the Participant), other than an across the board reduction of not more than 10% that applies to all other executives who report to the Chief Executive Officer of the Company; or 

(C) following a Change in Control, failure by the Company to continue in effect (without substitution of a substantially equivalent plan or a
plan of substantially equivalent value) any compensation plan, bonus or incentive plan, stock purchase plan, stock option plan, life insurance plan, health plan, disability plan or other benefit plan or arrangement in which the Participant is then
participating; 

 provided that the Participant notifies the Company of such condition set forth in clause (A), (B) or
(C) within ninety (90) days of its initial existence and the Company fails to remedy such condition within thirty (30) days of receiving such notice (the “Cure Period”) and the Participant delivers written notice of
termination of employment to the Company’s General Counsel within thirty (30) days following the end of the Cure Period, designating an employment termination date no later than one hundred and twenty (120) days following the end of
the Cure Period. 
 (c) “Qualifying Termination” means a Termination of Employment: 

(i) (A) without Cause (other than a result of death or Disability) or for Good Reason within 12 months following a Change in Control,
(B) due to death or Disability or (C) without Cause (other than a result of death or Disability) after the one year anniversary of the Grant Date under circumstances in which the Board does not intend to fill the position that
Executive holds immediately prior to the Termination of Employment (“Position Elimination”); or 
 (ii) without Cause
(other than as a result of death or Disability) or for Good Reason both (A) after the first anniversary of the Grant Date and (B) following the appointment of a successor or interim successor to the current Chief Executive Officer,
Hugh Sawyer; or 
 (iii) by reason of Participant’s Retirement or termination without Cause (other than as a result of death,
Disability or Position Elimination), in each case on or after the second anniversary of the Grant Date. 
 (d) “Retirement”
means any Termination of Employment (other than by the Company for Cause or due to death or Disability) at or after age sixty-two (62) or at or after age fifty-five (55) with fifteen
(15) or more years of continuous service to the Company and its Affiliates. 
  

	2.	 Grant of Restricted Stock Units, Term and Vesting. 

(a) Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant
                            
(            ) Restricted Stock Units (the “RSUs”), with no obligation to pay cash or other property for such RSUs. The RSUs will be credited to an account in the
Participant’s name maintained by the Company. This account shall be unfunded and maintained for book-keeping purposes only, with each RSU representing an unfunded and unsecured promise by the Company to issue to the Participant one share of the
Company’s Common Stock in settlement of a vested RSU. 
 (b) 100% of the RSUs will vest on the fifth anniversary of the Grant Date,
subject to Participant’s continued employment with the Company through such anniversary and the other terms and conditions set forth in this Agreement. 

  
 -2- 

 (c) Notwithstanding Section 2(b), if the Participant experiences a Qualifying
Termination, then the Applicable Portion of the RSUs immediately shall vest as of the date of Participant’s Termination of Employment. For purposes of the immediately preceding sentence, the “Applicable Portion of the RSUs” has
the meaning set forth in the table below: 
  

			
	 Type of Qualifying Termination
	  	 Applicable Portion of the RSUs

	Clause (i) of the definition of Qualifying Termination	  	(i) if the Termination of Employment occurs prior to the third anniversary of the Grant Date, a number of RSUs equal to the product obtained by multiplying (A) the total number RSUs by (B) a fraction, the numerator of
which is the number of days elapsed from the Grant Date through the date of Participant’s Termination of Employment and the denominator of which is the number of days between the Grant Date and the fifth anniversary of the Grant Date, and
(ii) if the Termination of Employment occurs on or after the third anniversary of the Grant Date, 100% of the RSUs.
		
	Clause (ii) of the definition of Qualifying Termination	  	(i) if the Termination of Employment occurs prior to the third anniversary of the Grant Date, a number of RSUs equal to the product obtained by multiplying (A) the total number RSUs by (B) a fraction (not to exceed 1),
the numerator of which is the number of days elapsed from the Grant Date through the date of Participant’s Termination of Employment plus 548 and the denominator of which is the number of days between the Grant Date and the fifth anniversary of
the Grant Date, and (ii) if the Termination of Employment occurs on or after the third anniversary of the Grant Date, 100% of the RSUs.
		
	Clause (iii) of the definition of Qualifying Termination	  	a number of RSUs equal to the product obtained by multiplying (i) the total number RSUs by (ii) a fraction, the numerator of which is the number of days elapsed from the Grant Date through the date of Participant’s
Termination of Employment and the denominator of which is the number of days between the Grant Date and the fifth anniversary of the Grant Date.

 (d) For purposes of this Agreement, if Participant’s RSUs are considered
non-qualified deferred compensation subject to Code Section 409A, a Termination of Employment shall be deemed to have occurred only if on such date the Participant has also experienced a “separation
from service” as defined in the regulations promulgated under Code Section 409A. 
 (e) For purposes of this Agreement, if
Participant’s RSUs are considered non-qualified deferred compensation subject to Code Section 409A, a Change in Control shall be deemed to have occurred for purposes of settling vested RSUs only if such event would also be deemed to
constitute a change in ownership or effective control, or a change in the ownership of a substantial portion of the assets, of the Company under Code Section 409A. 

(f) For the avoidance of doubt, Section 10.1 of the Plan shall not apply to this Award. 

(g) In the event that Participant’s Termination of Employment would qualify Participant for accelerated vesting under more than one type
of Qualifying Termination, the type of Qualifying Termination that provides for the vesting of the greatest number of RSUs shall apply. 

  
 -3- 

	3.	 Forfeiture of Unvested RSUs. 

(a) Subject to any accelerated vesting under Sections 2(c), and any exercise of the Committee’s discretion under Section 8.3(4) of
the Plan, if the Participant experiences a Termination of Employment, any unvested RSUs shall be forfeited and the Participant shall have no further interest in, or right to receive shares of Common Stock in settlement of, such RSUs. 

(b) If Participant transfers (other than pursuant to the laws of descent and distribution) 50% or less of the Related Shares before any
portion of Participant’s RSUs vest, Participant will immediately forfeit 50% of the unvested RSUs. If Participant transfers (other than pursuant to the laws of descent and distribution) more than 50% of the Related Shares (including any such
shares transferred pursuant to the immediately preceding sentence) before any portion of the Participant’s RSUs vest, Participant will immediately forfeit 100% of any unvested RSUs. 

 

	4.	 Settlement of RSUs. 

Subject to Section 21, after any RSUs vest pursuant to Section 2, the Company shall, as soon as practicable (but no later than thirty
(30) days following the date on which the RSUs vest), cause to be issued and delivered to the Participant one share of Common Stock in payment and settlement of each vested RSU. Delivery of the shares shall be effected by the delivery of a
stock certificate evidencing the shares, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to the Participant, or by the electronic delivery of the shares to a brokerage
account designated by the Participant, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements, including compliance with the requirements of applicable federal and state
securities laws, and shall be in complete satisfaction and settlement of such vested RSUs. Upon settlement of the RSUs, the Participant will obtain, with respect to the shares of Common Stock received in such settlement, full voting and other rights
as a shareholder of the Company. 
  

	5.	 Shareholder Rights. 

The RSUs subject to this Award do not entitle the Participant to any rights of a holder of the Company’s Common Stock. The Participant
will not have any of the rights of a shareholder of the Company in connection with the grant of the RSUs unless and until shares of Common Stock are issued to the Participant in settlement of the RSUs as provided in Section 4. 

 

	6.	 Dividend Equivalents. 

If a cash dividend is declared and paid by the Company with respect to its Common Stock, the Participant will be credited as of the applicable
dividend payment date with an additional number of RSUs (the “Dividend RSUs”) equal to (i) the total cash dividend the Participant would have received if the number of RSUs credited to the Participant under this Agreement as of
the related dividend payment record date (including any previously credited Dividend RSUs) had been actual shares of Common Stock, divided by (ii) the Fair Market Value of a share of Common Stock as of the applicable dividend payment date (with
the quotient rounded down to the nearest whole number). Once credited to the Participant’s account, Dividend RSUs will be considered RSUs for all purposes of this Agreement. 

  
 -4- 

	7.	 Restrictions on Transferability. 

Neither the Award evidenced by this Agreement nor the RSUs may be sold, transferred, pledged, assigned, or otherwise alienated at any time,
other than by will or the laws of descent and distribution. Any attempt to do so contrary to the provisions hereof shall be null and void. 
  

	8.	 Tax Consequences and Payment of Withholding Taxes. 

Neither the Company nor any of its Affiliates shall be liable or responsible in any way for the tax consequences relating to the award of RSUs,
their vesting and the settlement of vested RSUs in shares of Common Stock. The Participant agrees to determine and be responsible for any and all tax consequences to the Participant relating to the award, vesting and settlement of RSUs hereunder. If
the Company is obligated to withhold an amount on account of any tax imposed as a result of the grant, vesting or settlement of the RSUs, the provisions of Section 12.5 of the Plan regarding the satisfaction of tax withholding obligations shall
apply (including any required payments by the Participant). 
  

	9.	 Administration. 

The Plan and this Award of RSUs are administered by the Committee, in accordance with the terms and conditions of the Plan. Actions and
decisions made by the Committee in accordance with this authority shall be effectuated by the Company. 
  

	10.	 Plan and Agreement; Recoupment Policy. 

The Participant hereby acknowledges receipt of a copy of the Plan. The grant of RSUs is made pursuant to the Plan, as in effect on the date
hereof, and is subject to all the terms and conditions of the Plan, as the same may be amended or restated from time to time, and of this Agreement. If there is any conflict between the provisions of this Agreement and the Plan, the provisions of
the Plan will govern. The interpretation and construction by the Committee of the Plan, this Agreement, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, shall be final and binding upon the
Participant. The Company shall, upon written request therefore, send a copy of the Plan, in its then current form, to the Participant or any other person or entity then entitled to receive the shares of Common Stock to be issued in settlement of the
RSUs. 
 The Company may recover any equity awarded to the Participant under this Agreement, or proceeds from the sale of such equity, to
the extent required by any rule of the Securities and Exchange Commission or any listing standard of the New York Stock Exchange, including any rule or listing standard requiring recovery of incentive compensation in connection with an accounting
restatement due to the Company’s material noncompliance with any financial reporting requirement under the securities laws, which recovery shall be subject to the terms of any policy of the Company implementing such rule or listing standard.

  

	11.	 No Employment Rights. 

Neither this Agreement nor the Award evidenced hereby shall give the Participant any right to continue in the employ of the Company, any
Affiliate or any other entity, or create any inference as to the length of employment of the Participant, or affect the right of the Company (or any Affiliate or any other entity) to terminate the employment of the Participant (with or without
Cause), or give the Participant any right to participate in any employee welfare or benefit plan or other program of the Company, any Affiliate or any other 

  
 -5- 

	12.	 Requirements of Law and No Disclosure Rights. 

The Company shall not be required to issue any shares of Common Stock in settlement of RSUs granted under this Agreement if the issuance of
such shares shall constitute a violation of any provision of any applicable law or regulation of any governmental authority. The Company shall have no duty or obligation beyond those imposed by applicable securities laws generally to affirmatively
disclose to the Participant or a Representative, and the Participant or Representative shall have no right to be advised of, any material non-public information regarding the Company or an Affiliate at any
time prior to, upon or in connection with the issuance of the shares of Common Stock in settlement of the Participant’s RSU Award. 
  

	13.	 Governing Law. 

This Agreement, the awards of RSUs hereunder and the issuance of Common Stock in payment of RSUs shall be governed by, and construed and
enforced in accordance with, the laws of the State of Minnesota (other than its laws respecting choice of law). 
  

	14.	 Entire Agreement. 

This Agreement and the Plan constitute the entire obligation of the parties hereto with respect to the subject matter hereof and shall
supersede any prior expressions of intent or understanding with respect to this transaction. 
  

	15.	 Amendment. 

Any amendment to this Agreement shall be in writing and signed on behalf of the Company, and shall comply with the terms and conditions of the
Plan. 
  

	16.	 Waiver; Cumulative Rights. 

The failure or delay of either party to require performance by the other party of any provision hereof shall not affect its right to require
performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time. 

 

	17.	 Counterparts. 

This Agreement may be signed in two (2) counterparts, each of which shall be an original, but both of which shall constitute but one and
the same instrument. 
  

	18.	 Headings. 

The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

  

	19.	 Severability. 

If for any reason any provision of this Agreement shall be determined to be invalid or unenforceable, such invalidity or unenforceability shall
not affect any other provision hereof, and this Agreement shall be construed as if such invalid or unenforceable provision were omitted. 

  
 -6- 

	20.	 Successors and Assigns. 

This Agreement shall inure to the benefit of and be binding upon each successor and assign of the Company, and upon the heirs, legal
representatives and successors of the Participant. 
  

	21.	 Code Section 409A. 

Notwithstanding anything to the contrary in this Agreement, including Section 4, if any amount shall be payable with respect to this Award
as a result of the Participant’s “separation from service” at such time as the Participant is a “specified employee” (as those terms are defined in regulations promulgated under Code Section 409A) and such amount is
subject to the provisions of Code Section 409A, then no payment shall be made, except as permitted under Code Section 409A, prior to the first day of the seventh calendar month beginning after the Participant’s separation from service
(or the date of Participant’s earlier death), or as soon as administratively practicable thereafter. Participant shall not have the right to designate the timing of settlement of the RSUs. If the
thirty-day settlement period spans two different calendar years, settlement shall occur during the later calendar year. 

[Signature Page Follows] 

  
 -7- 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and the Participant has hereunto set his hand, all as of the day and year first above written. 
  

			
	REGIS CORPORATION

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 
			
	
	PARTICIPANT:
	
	 
	[Name]	 	

  
 -8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00287-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00287-of-00352.parquet"}]]