Document:

EX-10.23

EXHIBIT 10.23

MANAGEMENT AGREEMENT

     Agreement made this 15th day of December 1985, by and between Claire Road Associates, a New
Jersey limited partnership (the “Owner”), and K. Hovnanian Investment Properties, Inc., a New
Jersey corporation (the “Manager”), each having an address of 10 Highway 35, P.O. Box 500, Red
Bank, New Jersey 07701.

     The parties agree as follows:

     1. Engagement. Owner hereby engages Manager as the exclusive manager of the property
commonly known as HOVPARK Mini Storage, East Brunswick, New Jersey which is described on Exhibit A
attached (the “Property”). Manager accepts the engagement.

     2. Term. The term of this agreement (the “Term”) shall commence upon the date of this
Agreement and continue and remain in full force and effect until terminated by either party by
giving the other party 30 days’ written notice thereof. Notwithstanding the foregoing, if the
Manager fails to perform any of its obligations under this Agreement, unreasonably interferes with
Owner’s business, fails to discharge any of Owner’s obligations under any use agreement with a user
or for other good cause, Owner may terminate this Agreement if, after giving Manager notice of such
failure, interference or other good cause, Manager fails to cure same within ten working days of
receipt of such notice. Additionally, this Agreement shall terminate immediately if any action is
taken or suffered by Manager under any insolvency or bankruptcy act, if a receiver is appointed to
take possession of Manager’s assets, or if Manager makes an assignment for the benefit of
creditors. Manager shall indemnify and hold Owner harmless from and against all claims, costs and
other charges arising out of or in connection with any cause for termination described in the
preceding two sentences.

     3. Manager’s Compensation. In consideration of the performance of its management duties
under this Agreement, Manager shall be entitled to receive and Owner shall pay to Manager a fee
equal to three percent of the Gross Rents (as defined below) actually collected by Manager for
Owner’s account during the term of this Agreement. Each month manager will submit an invoice to
Owner itemizing Manager’s compensation due. The fee shall be payable on a monthly basis within 15
days after the end of each calendar month, based upon the Gross Rents collected during such
calendar month. “Gross Rents” shall mean fixed rental payments actually collected from users of the
Property, exclusive of (a) security deposits, advance user fees and amounts paid by reasons of the
breach of any user agreement, license, concession or similar agreement (unless and until such
deposits or payments shall have been applied to the payment of current or past-due fixed rent), (b)
late fees and lock sales (c) reimbursable charges and expenses for extra services furnished to a
tenant or occupant, whether or not any of the excluded payments are characterized as use fees or
additional fees under the applicable use agreements or other agreements.

     4. Duties of Manager. Manager shall, on behalf of and at the expense of Owner (except as
otherwise provided in clause (a) below), perform any and all services required in connection with
the operation of the Property, subject at all times to Owner’s general supervision and control.
Without limiting the generality of the foregoing, Manager’s duties shall include the following:

     (a) On or before December 1 of each year during the Term, Manager shall submit to owner for
its approval a proposed operating budget for the Property, setting forth all estimated receipts and
disbursements relating to the Property for the ensuing calendar year. Upon executing this
Agreement, Manager shall promptly prepare and submit to Owner for its approval a proposed operating
budget for the balance of the current calendar year. For purposes of this Agreement, an operating
budget shall be deemed an “Approved Budget” once it has been approved in writing by Owner. Except
as otherwise provided in this Agreement, or except as approved in writing by Owner, Manager shall
incur no expenses in connection with the Property in addition to or in excess of those provided for
in the Approved Budget plus a ten percent variance factor. In the event that a submitted budget is
rejected by Owner, Manager shall operate under the last Approved Budget on an item by item basis
until a revised budget is approved in writing by Owner except in the case of the initial approved
budget.

     (b) Manager shall advertise available space in the Property for use through customary media.
(Yellow pages, local newspapers, etc.) Any major advertising campaign will be reviewed with Owner.

     (c) Manager shall use its best efforts to rent space now or hereafter becoming vacant to
desirable users on terms and conditions satisfactory to Owner.

     (d) Manager shall collect all use fees and other income payable with respect to the Property
and notify Owner on a monthly basis all occupancies, vacancies and delinquencies.

     (e) Manager shall perform Owner’s obligations under any and all use agreements for space at
the Property and take necessary and appropriate action upon complaints and requests of users.

 

 

     (f) Manager shall provide recommendations to Owner with respect to Property alterations.

     (g) Manager shall, when necessary, institute legal actions, public sales or other necessary
proceedings for the collection of delinquent use fees and other income from the Property, provided
Manager shall employ counsel only as directed by Owner.

     (h) Manager shall make or cause to be made all necessary repairs to the Property, purchase
all necessary supplies and materials, and do all other things necessary to maintain the Property in
a clean, safe and orderly condition and to ensure compliance with all federal, state and local
statutes, ordinances, rules and regulations applicable to the operation of the Property. Manager
shall immediately notify Owner of any violations of any such statutes, ordinances, rules and
regulations and of any damage or destruction to any of the Property. Unless otherwise specifically
provided for in the Approved Budget for the then current year, Manager shall not expend more than
$2,500.00 for any single repair or purchase without prior written authorization by Owner, except in
the case of emergency, in which case Manager shall promptly notify Owner of the repair or purchase
made to meet the emergency. Manager shall use its best efforts to make all repairs and to obtain
all materials, supplies and services at the lowest available cost, yet consistent with Owner’s
standard for the Property. Manager shall remit to Owner any rebate, commission or discount allowed
in connection with foregoing.

     (i) Manager shall contract for electricity, gas, water, telephone, window and such other
utilities and services as shall be necessary and advisable for the proper operation of the
Property.

     (j) Manager shall perform all other services necessary for the care, protection, maintenance
and operation of the Property and the prevention of waste, damage or injury to the Property.

     (k) Manager or its agent shall hire, discharge and supervise all persons employed to carry
cut Manager’s duties under this Agreement. Manager agrees to use reasonable care in the selection
of such employees and not to pay salaries or benefits to employees in excess of those specified in
the Approved Budget for each category of employee, without Owner’s prior written consent. Upon
owner’s request, Manager shall obtain fidelity bonds for such employees from reputable bonding
companies in amounts satisfactory to Owner. It is expressly understood and agreed that all
employees shall be employees of Manager, as an independent contractor, and not employees of Owner.

     (l) Manager or its agent shall prepare and file all forms for unemployment insurance,
withholding taxes, social security taxes, workmen’s compensation and other forms required by
federal, state or municipal authorities in connection with employees employed in the operation of
the Property.

     (m) Manager shall establish and maintain complete and orderly files containing
correspondence, rent records, payroll records, insurance policies, leases, receipts, unpaid bills,
vouchers and all other documents and papers pertaining to the Property and the management and
operation thereof, all of which shall be and remain the property of the Owner and shall be
available to Owner and its representatives for inspection at any time during regular business
hours.

     (n) Manager shall establish and maintain accurate and complete books of account with proper
entries of all receipts, income and disbursements pertaining to the Property in accordance with
generally accepted accounting principles, consistently applied. Such books of account shall be and
remain the property of Owner and shall be available to Owner and its representatives for inspection
at any time during regular business hours.

     (o) Manager shall review all bills and statements received for services, work, supplies and
other expenditures incurred by or on behalf of Owner in connection with the maintenance, operation
and ownership of the Property and to pay or cause to be paid in a timely fashion all expenses
specified in the Approved Budget and all other expenses approved by owner.

     (p) Manager shall review periodically all hazard, liability and other insurance carried for
the benefit of Owner in connection with the Property and maintain in force and effect such
insurance coverage as Manager reasonably deems necessary to protect Owner’s interests, but not less
than the coverage and limits of liability specified in the Approved Budget.

     (q) Manager shall cooperate and coordinate its activities with all other persons performing
work on the Property for owner and shall furnish advice and recommendations to miner regarding
changes and improvements considered desirable and necessary by Manager to improve and further
develop the Property. At Owner’s request, Manager shall supervise and coordinate any construction
in connection with remodeling of existing space. Manager will supervise and coordinate construction
at cost plus 15%.

     (r) Manager shall advise owner immediately of the service upon Manager of any summons,
subpoena or other similar legal document, including, without limitation, any notices, letters or
other communications setting forth or claiming any actual or alleged potential liability of Owner
or the Property, or of the receipt by Manager of any notice, demand, request or other communication
from any user of the Property or any mortgagee, deed of trust beneficiary, ground lessor or
insurer.

     (s) Manager shall prepare and furnish financial reports and statements in accordance with the
provisions of Paragraph 9 below.

 

 

     5. Operating Reserve Account. The operating reserve account and monies necessary to meet
the shortfall for start-up costs of $450,000.00 shall be used for any shortfall of expenses
inclusive of debt service. These monies will be available until operating income sufficiently
covers all expenses inclusive of debt service. At that point, if there is still a positive balance
in the reserve account, these monies shall be due to the Manager as an incentive fee. If this
reserve does not adequately meet said shortfall, the monies necessary to meet the shortfall will be
provided for by the Manager.

     6. Receipts by Manager. All monies received by Manager for or on behalf of Owner shall be
and remain the property of Owner and shall not be commingled with Manager’s own funds or funds held
on account for other parties. Manager shall promptly deposit all such monies in a bank account
designated by Owner over which Manager shall have no right or power by way of withdrawal, set off,
claim or otherwise.

     7. Disbursements by Manager. Subject to the limitations contained in clause (a) and (h) of
Section 4 above, Manager shall make all necessary disbursements for expenses incurred by it
pursuant to any of the provisions of this Agreement. Accordingly, Owner shall establish and
maintain a bank account (the “Expense Account”) which shall be funded from time to time by owner
with amounts necessary to pay expenses of the Properties on a timely basis. Manager shall provide
Owner with adequate notice of the amounts required in the Expense Account. Owner shall reimburse
Manager promptly for any disbursements which Manager may elect to advance for the account of Owner
which are made in accordance in the terms of this Agreement.

     10. Indemnities. Owner shall indemnify and hold Manager harmless from and against all
claims, damages, costs and other charges (including reasonable attorneys fees and court costs)
arising out of or in connection with the management and operation of the Property, except for acts
of Manager which are outside the scope of this Agreement or are acts or omissions in violation of
this Agreement or law or amount to gross negligence or acts of willful or reckless misconduct
(collectively “Unauthorized Acts”). Manager shall indemnify and hold Owner harmless from and
against any and all claims, damages, costs (including reasonable attorney’s fees and court costs)
and other charges arising out of or in connection with Unauthorized Acts. The indemnities set forth
above shall not apply to any claim with respect to which the indemnified party is covered by
insurance, provided that this exclusion does not invalidate the indemnified party’s insurance
coverage. Each party shall endeavor to procure from its insurers waivers of subrogation with
respect to claims against the other party under policies in which the other party is not a named
insured, and shall promptly notify the other party in the event that any such waiver is
unobtainable or is obtainable only upon payment of an additional premium. If such waiver is
obtainable only upon payment of an additional premium, the other party shall have the right to pay
such additional premium.

     11. Liability Insurance. Owner shall at all times during the term of this Agreement carry
public liability insurance. Such insurance may be procured under an umbrella policy. The limits of
liability under the public liability insurance shall be no less than $1,000,000 for each
occurrence. Owner shall name the Manager as an insured under the public liability insurance policy.

     12. Termination. Upon termination of this Agreement for any reason whatsoever, Manager shall:

     (a) immediately deliver to Owner any balance or monies of Owner or tenants, security
deposits, or both, held by Manager with respect to the Property;

     (b) immediately deliver to Owner all records, contracts, leases, receipts for deposits,
unpaid bills and any other papers or documents which pertain to the Property; and

     (c) within 30 days following the termination of this Agreement, deliver to Owner a final
accounting, reflecting the balance of the income and expenses for the Property as of the date of
termination, including, but not limited to a statement as described in clause (c) of Section 9
above for the portion of the calendar year elapsed through the termination.

     13. Notices. All notices referred to in this Agreement shall be deemed properly given if
in writing and sent by United States registered mail, return receipt requested, to the Owner or
Manager, at the addresses set forth above or such other address as either party may from time to
time designate by written notice.

     14. Entire Agreement. This Agreement contains the entire understanding of the parties and
it may not be changed or modified other than by written instrument signed by authorized officers of
both parties to this Agreement.

     15. Assignment. This Agreement may not be assigned in whole or part by Manager and any
attempted assignment by Manager shall at Owner’s election terminate this Agreement without any
liability for further payment under this Agreement.

     16. Recordings. This Agreement may not be recorded by either party, any such attempted
recording shall constitute a material breach of and default under this Agreement.

 

 

     17. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit
of the parties and their successors and assigns.

     Owner and Manager have duly executed this Agreement.

	 	 	 	 	 
	 	Claire Road Associates, A New Jersey Limited Partnership

 	 
	 	By:  	/s/ Ara K. Hovnanian
 	 
	 	 	Ara K. Hovnanian, General Partner 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	K. Hovnanian Investment Properties, Inc.

 	 
	 	By:  	/s/ Edward Krisinski, Jr.
 	 
	 	 	Edward Krisinski, Jr. 	 
	 	 	Vice President -- Constructionexv10w11

EXHIBIT 10.11

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     THIS THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is entered into and
made effective as of January 1, 2009, by and between THE MEN’S WEARHOUSE, INC., a Texas corporation
(the “Company”), and DAVID H. EDWAB (“Employee”), amending and restating the Employment Agreement
dated February 3, 2002, as amended and restated by the Amended and Restated Employment Agreement
dated February 3, 2003, and as amended and restated by the Second Amended and Restated Employment
Agreement dated October 1, 2005 (the “Second Amended and Restated Agreement”).

     WHEREAS, the Company and Employee desire to amend the Second Amended and Restated Agreement to
bring the Second Amended and Restated Agreement into documentary compliance with section 409A of
the Internal Revenue Code of 1986, as amended (the “Code”) and the rules and regulations issued
thereunder by the Internal Revenue Service and the Department of Treasury (“Section 409A”) and to
restate the agreement in its entirety to read as set forth herein;

     WHEREAS, the Company and Employee shall enter into a change in control agreement (the “Change
in Control Agreement”);

     NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth,
the Company and Employee hereby agree to amend and restate the Second Amended and Restated
Agreement to read as follows:

     1. Employment and Duties. The Company hereby agrees to employ Employee as Vice
Chairman of the Board, and Employee hereby accepts such employment and agrees to serve the Company
in such capacity on the terms and subject to the conditions set forth in this Agreement. Subject
to the ultimate direction and control of the Chairman of the Board and Chief Executive Officer of
the Company and to the Company’s Board of Directors, Employee shall assist the Chairman of the
Board and Chief Executive Officer with the strategic direction of the Company and assist with the
implementation of the business plan of the Company and, in connection therewith, will interact with
and provide guidance to the other executive officers of the Company. During his employment
hereunder, Employee shall devote more of his business time, energy, and ability to the business and
interests of the Company than to any other single business or group of related businesses. During
his employment hereunder, Employee may render services for compensation and engage in other
business activity without the prior consent of the Company, provided rendering such services or
engaging in such activity does not violate Section 10 or 11 of this Agreement and provided that
Employee must continue to devote more of his working time to the Company than to any other single
business or group of related businesses.

     2. Compensation and Benefits of Employment.

          (a) As compensation for the services to be rendered by Employee hereunder, the Company shall
pay to Employee a base annual salary (“Annual Salary”) of $300,000.00 per

 

 

year, in equal installments in accordance with the customary payroll practices of the Company.
The parties shall comply with all applicable withholding requirements in connection with all
compensation payable to Employee. The Company’s Board of Directors may, in its sole discretion,
review and adjust upward Employee’s Annual Salary from time to time, but no downward adjustment in
Employee’s Annual Salary may be made during the term of this Agreement.

          (b) Employee shall be entitled to participate in and have the benefits under the terms of all
life, accident, disability and health insurance plans, pension, profit sharing, incentive
compensation and savings plans and all other similar plans and benefits which the Company from time
to time makes available to its senior management executives in the same manner and at least at the
same participation level as other senior management executives, excluding, however, the Company’s
annual cash bonus program for executive officers and grants and awards under the Company’s key
employee equity incentive plans, awards under which to Employee, if any, shall be wholly at the
discretion of the Company.

          (c) Each year during the term of this Agreement the Company shall pay a bonus to Employee in
an amount equal to the sum of (i) the premium payments payable during such year on the insurance
policies referred to in and covered by (A) the Split Dollar Agreement dated May 25, 1995, between
Employee, George Zimmer, as Trustee of the David H. Edwab 1995 Irrevocable Trust, and the Company
and (B) the Split Dollar Agreement dated May 25, 1995, between Employee and (ii) an amount equal to
any income tax in respect to such bonus such that the payment shall equal as nearly as possible the
federal and state income and employment taxes payable (including Medicare taxes) with respect to
such bonus paid to Employee plus all federal and state income and employment taxes (including
Medicare taxes) owed as a result of such additional payment (the “Annual Insurance Premium Bonus”)
calculated as specified below. For purposes of determining the amount of such taxes owed, the
payment to Employee shall be deemed to be subject to the highest marginal federal, state and local
income tax rates applicable to individuals and there shall be taken into consideration the
deductibility of state and local income and employment taxes as applicable to Employee for purposes
of determining federal income and employment taxes. The Annual Insurance Premium Bonus for a year
shall be paid to or as directed by Employee on January 1 of the calendar year in which the premiums
payments used to compute the amount of the bonus are payable.

     3. Business Expenses. The Company shall promptly reimburse Employee for all
appropriately documented, reasonable business expenses incurred by Employee in accordance with the
Company’s policies related thereto.

     4. Term. This Agreement shall commence effective as of the date hereof, and if not
terminated earlier as herein provided, shall terminate on February 6, 2011.

     5. Termination by the Company Without Cause or Termination by Employee for “Good
Reason”.

          (a) The Company may, by delivering 30 days prior written notice to Employee, terminate
Employee’s employment at any time without cause, and Employee may, by delivering 30 days prior
written notice to the Company, terminate Employee’s employment for

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“good reason”, as defined in Section 5(b) below. If such termination without cause or for
good reason occurs, then:

               (i) The Company shall pay to Employee, at the times specified in Section 5(a)(iv) below, the
following amounts:

                         (1) a lump sum in cash equal to (1) Employee’s Annual Salary earned through the date of
Employee’s termination of employment (the “Termination Date”) for periods through but not following
his Separation From Service (as defined in Section 5(c) below) and (2) any accrued vacation pay
earned by Employee, in each case, to the extent not theretofore paid (the “Accrued Obligation”);

                         (2) a lump sum in cash equal to Employee’s Annual Salary earned through the Termination Date
for periods following his Separation From Service, to the extent not theretofore paid;

                         (3) a lump sum in cash equal to the product of (1) the amount of the monthly basic life
insurance premium applicable to Employee’s basic life insurance coverage provided through the
Company’s life insurance plan immediately prior to the Termination Date and (2) the number of full
months and fractional months (if any) remaining until the earlier of February 6, 2011 or the second
anniversary of the Termination Date;

                         (4) cash installment payments each of which is equal to 1/52nd of the amount of the
Annual Salary at the rate in effect immediately prior to the Termination Date, for each week during
the period beginning on the Termination Date and ending on the earlier of February 6, 2011 or the
second anniversary of the Termination Date;

                         (5) cash installment payments each of which is equal to the amount of the Annual Insurance
Premium Bonus that would have been paid if Employee’s employment had continued during the period
beginning on the Termination Date and ending on the earlier of February 6, 2011 or the second
anniversary of the Termination Date; and

                         (6) a lump sum in cash equal to the employer contributions the Company would have credited to
Employee’s retirement accounts under The Men’s Wearhouse, Inc. 401(k) Savings Plan and The Men’s
Wearhouse, Inc. Employee Stock Ownership Plan had he continued to remain employed by the Company
until the earlier of February 6, 2011 or the second anniversary of the Termination Date, assuming
for this purpose that (1) Employee’s earned compensation for a year is the amount of his annualized
Annual Salary for the calendar year in which the Termination Date occurs, (2) the applicable legal
limitations and the employer contribution percentages under such plans for such period are the same
percentages and limitations in effect immediately prior to the Termination Date and (3) that
Employee is deemed to make the maximum pre-tax elective deferral contributions permitted under
section 402(g) of the Code.

               (ii) Subject to clause (iv) of this Section 5(a), until the earlier of February 6, 2011 or the
second anniversary of the Termination Date the Company shall arrange to provide Employee and his
dependents medical insurance benefits substantially similar to those provided to Employee and his
dependents immediately prior to the date of termination (at no

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greater cost to Employee than such cost to Employee in effect immediately prior to the
Termination Date, or, if greater, the cost to similarly situated active employees of the Company
under the applicable group health plan of the Company). If Employee is a Specified Employee (as
defined in Section 5(c) below) and the benefits specified in this Section 5(a)(ii) are taxable to
Employee and not otherwise exempt from Section 409A, the following provisions shall apply to the
reimbursement or provision of such benefits. Any amounts to which Employee would otherwise be
entitled under this Section 5(a)(ii) during the first six months following the date of Employee’s
Separation From Service shall be accumulated and paid to Employee on the date that is six months
following the date of his Separation From Service. Except for any reimbursements under the
applicable group health plan that are subject to a limitation on reimbursements during a specified
period, the amount of expenses eligible for reimbursement under this Section 5(a)(ii), or in-kind
benefits provided, during Employee’s taxable year shall not affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other taxable year of Employee. Any
reimbursement of an expense described in this Section 5(a)(ii) shall be made on or before the last
day of Employee’s taxable year following Employee’s taxable year in which the expense was incurred.
Employee’s right to reimbursement or in-kind benefits pursuant to this Section 5(a)(ii) shall not
be subject to liquidation or exchange for another benefit.

               (iii) Subject to Employee’s group health plan coverage continuation rights under the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, the benefits listed in
clause (ii) of this Section 5(a) shall be reduced to the extent benefits of the same type are
received by Employee during such period, and provided, further, that Employee shall have the
obligation to notify the Company that he is receiving such benefits. The Company agrees that, if
Employee’s employment with the Company terminates during the term of this Agreement Employee is not
required to seek other employment or to attempt in any way to reduce any amounts payable to
Employee by the Company pursuant to this Section 5. Further, except with respect to the benefits
provided pursuant to clause (ii) above, the amount of any payment or benefit provided for in this
Agreement shall not be reduced by any compensation earned by Employee as the result of employment
by another employer, by retirement benefits, or by offset against any amount claimed to be owed by
Employee to the Company.

               (iv) The amounts payable under Section 5(a)(i) shall be paid as follows:

                         (1) The Company shall pay Employee the amounts specified in Section 5(a)(i)(A) within 15 days
after the Termination Date.

                         (2) The Company shall pay Employee the amounts specified in Sections 5(a)(i)(B), 5(a)(i)(C)
and 5(a)(i)(F) on the date that is 30 days following the date of Employee’s Separation From Service
if he is not a Specified Employee or on the date that is six months following the date of his
Separation From Service if he is a Specified Employee.

                         (3) The Company shall pay Employee the applicable amount specified in Section 5(a)(i)(D) each
Friday beginning with the first Friday immediately following the date of Employee’s Separation From
Service if he is not a Specified Employee or on the date that is six months following the date of
his Separation From Service if he is a Specified

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Employee. Such first payment shall include all amounts that would have been paid to Employee
earlier under this Section 5(a)(vi)(C) had Employee not been a Specified Employee.

                         (4) The Company shall pay Employee the amount specified in Section 5(a)(i)(E) on January 1 of
each year with respect to which such payment is payable, provided, however, that the first such
payment shall not be made before the date that is six months following the date of his Separation
From Service if Employee is a Specified Employee.

                         (5) If Employee is a Specified Employee at the time of his Separation From Service, the
Company shall pay to Employee, on the date that is six months following Employee’s Separation From
Service, an additional interest amount equal to the amount of interest that would be earned on the
amounts specified in Sections 8(e)(i)(C), 8(e)(i)(F), and on the amounts specified in Sections
8(e)(i)(D) and 8(e)(i)(E) to the extent such payments were delayed solely because he is a Specified
Employee, for the period commencing on the date of Employee’s Separation From Service until the
date of payment of such amounts, calculated using an interest rate equal to the six month London
Interbank Offered Rate in effect on the date of Employee’s Separation From Service plus two
percentage points.

          (b) For purposes of this Section 5, “good reason” shall mean the occurrence of any of the
following events:

               (i) Removal, without the consent of Employee in writing, from the office of Vice Chairman of
the Board or a material reduction in Employee’s authority or responsibility, except upon a proper
termination of Employee for “cause”, as defined in Section 7; or

               (ii) The Company otherwise commits a material breach of this Agreement.

          (c) For purposes of this Agreement, the terms “Separation From Service” and “Specified
Employee” shall have the meanings ascribed to such terms in Section 409A.

          (d) The Company shall pay any attorney fees incurred by Employee in reasonably seeking to
enforce the terms of this Section 5. Except as provided below, the Company shall pay Employee such
attorney fees within ten (10) business days after the delivery of Employee’s written request for
the payment accompanied by such evidence of legal expenses incurred as the Company may reasonably
require. Notwithstanding the preceding sentence, if Employee incurs a Separation From Service and
is a Specified Employee, the Company shall not make any further payment of attorney fees to
Employee under this Section 5(d) before the date that is six months following the date of his
Separation From Service. Rather, on the date that is six months following the date of Employee’s
Separation From Service the Company shall pay to Employee all attorney fees that the Company is
required to reimburse under this Section 5(d) for which a written request for payment was properly
submitted by Employee during the first six months following the date of Employee’s Separation From
Service or which were otherwise not paid before Employee’s Separation From Service. In any event
the Company shall pay Employee such legal fees by the last day of Employee’s taxable year following
the taxable year in which Employee incurred such legal expenses. The legal expenses that are
subject to

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reimbursement pursuant to this Section 5(d) shall not be limited as a result of when the
expenses are incurred. The amounts of legal expenses that are eligible for reimbursement pursuant
to this Section 5(d) during a given taxable year of Employee shall not affect the amounts of
expenses eligible for reimbursement in any other taxable year of Employee. The right to
reimbursement pursuant to this Section 5(d) is not subject to liquidation or exchange for another
benefit.

     6. Termination Upon Death or Disability.

          (a) If Employee’s employment is terminated because of death, then

               (i) Within 30 days after the date of Employee’s death, the Company shall pay to Employee’s
estate a lump sum payment in cash equal to the Accrued Obligation.

               (ii) Until the earlier of the February 6, 2011 or the second anniversary of the Termination
Date the Company shall arrange to provide Employee’s dependents medical insurance benefits
substantially similar to those provided to Employee and his dependents immediately prior to the
date of termination (at no greater cost to Employee’s dependents than such cost to Employee in
effect immediately prior to the Termination Date, or, if greater, the cost to similarly situated
active employees of the Company under the applicable group health plan of the Company). Except for
any reimbursements under the applicable group health plan that are subject to a limitation on
reimbursements during a specified period, the amount of expenses eligible for reimbursement under
this Section 6(a)(ii), or in-kind benefits provided, during Employee’s taxable year shall not
affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other
taxable year of Employee. Any reimbursement of an expense described in this Section 6(a)(ii) shall
be made on or before the last day of Employee’s taxable year following Employee’s taxable year in
which the expense was incurred. Employee’s right to reimbursement or in-kind benefits pursuant to
this Section 6(a)(ii) shall not be subject to liquidation or exchange for another benefit.

               (iii) Within 30 days after the date of Employee’s death, the Company shall pay to Employee’s
estate a lump sum in cash equal to the employer contributions the Company would have credited to
Employee’s retirement accounts under The Men’s Wearhouse, Inc. 401(k) Savings Plan and The Men’s
Wearhouse, Inc. Employee Stock Ownership Plan had he continued to remain employed by the Company
until the earlier of February 6, 2011 or the second anniversary of the Termination Date, assuming
for this purpose that (1) Employee’s earned compensation for a year is the amount of his annualized
Annual Salary for the calendar year in which the Termination Date occurs, (2) the applicable legal
limitations and the employer contribution percentages under such plans for such period are the same
percentages and limitations in effect immediately prior to the Termination Date and (3) that
Employee is deemed to make the maximum pre-tax elective deferral contributions permitted under
section 402(g) of the Code.

       (iv) Within 30 days after the date of Employee’s death, the Company shall pay
to Employee’s estate a lump sum in cash equal to the employer contributions the
Company would have credited to Employee’s retirement accounts under The Men’s
Wearhouse, Inc. 401(k) Savings Plan and The Men’s Wearhouse, Inc. Employee Stock
Ownership Plan had he continued to remain

-6-

 

employed by the Company until the earlier of February 6, 2011 or the second
anniversary of the Termination Date, assuming for this purpose that (1) Employee’s
earned compensation for a year is the amount of his annualized Annual Salary for the
calendar year in which the Termination Date occurs, (2) the applicable legal
limitations and the employer contribution percentages under such plans for such
period are the same percentages and limitations in effect immediately prior to the
Termination Date and (3) that Employee is deemed to make the maximum pre-tax
elective deferral contributions permitted under section 402(g) of the Code.

(b) If Employee’s employment is terminated on account of his becoming permanently disabled (as
defined in Section 6(b)(iv)), then:

               (i) The Company shall pay to Employee, at the times specified in Section 6(b)(iii) below, the
following amounts:

                         (1) a lump sum in cash equal to the Accrued Obligation;

                         (2) a lump sum in cash equal to Employee’s Annual Salary earned through the date of
termination for periods following his Separation From Service, to the extent not theretofore paid;

                         (3) a lump sum in cash equal to the product of (1) the monthly basic life insurance premium
applicable to Employee’s basic life insurance coverage provided through the Company’s life
insurance plan immediately prior to the Termination Date and (2) the number of full months and
fractional months (if any) remaining until the earlier of February 6, 2011 or the second
anniversary of the Termination Date;

                         (4) cash installment payments each of which is equal to 1/52nd of the Annual
Salary, at the then current rate, that would have been paid if Employee’s employment had continued
and not been terminated under this Section 6(b), for each week during the period beginning on the
Termination Date and ending on the earlier of February 6, 2011 or the second anniversary of the
Termination Date;

                         (5) cash installment payments each of which is equal to the amount of the Annual Insurance
Premium Bonus that would have been paid if Employee’s employment had continued during the period
beginning on the Termination Date and ending on the earlier of February 6, 2011 or the second
anniversary of the Termination Date; and

                         (6) a lump sum in cash equal to the employer contributions the Company would have credited to
Employee’s retirement accounts under The Men’s Wearhouse, Inc. 401(k) Savings Plan and The Men’s
Wearhouse, Inc. Employee Stock Ownership Plan had he continued to remain employed by the Company
until the earlier of February 6, 2011 or the second anniversary of the Termination Date, assuming
for this purpose that (1) Employee’s earned compensation for a year is the amount of his annualized
Annual Salary for the calendar year in which the Termination Date occurs, (2) the applicable legal
limitations and the employer contribution percentages under such plans for such period are the same
percentages and limitations in effect immediately prior to the Termination Date and (3) that
Employee is deemed

-7-

 

to make the maximum pre-tax elective deferral contributions permitted under section 402(g) of
the Code.

               (ii) Until the earlier of February 6, 2011 or the second anniversary of the Termination Date
the Company shall arrange to provide Employee and his dependents medical insurance benefits
substantially similar to those provided to Employee and his dependents immediately prior to the
date of termination (at no greater cost to Employee than such cost to Employee in effect
immediately prior to the date of termination, or, if greater, the cost to similarly situated active
employees of the Company under the applicable group health plan of the Company). Except for any
reimbursements under the applicable group health plan that are subject to a limitation on
reimbursements during a specified period, the amount of expenses eligible for reimbursement under
this Section 6(b)(ii), or in-kind benefits provided, during Employee’s taxable year shall not
affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other
taxable year of Employee. Any reimbursement of an expense described in this Section 6(b)(ii) shall
be made on or before the last day of Employee’s taxable year following Employee’s taxable year in
which the expense was incurred. Employee’s right to reimbursement or in-kind benefits pursuant to
this Section 6(b)(ii) shall not be subject to liquidation or exchange for another benefit.

               (iii) The amounts payable under Section 6(b)(i) shall be paid as follows:

                         (1) The Company shall pay Employee the Accrued Obligation within 30 days after the date of
termination.

                         (2) Subject to Section 6(b)(iii)(E), the Company shall pay Employee the amounts specified in
Sections 6(b)(i)(B), 6(b)(i)(C) and 6(b)(i)(F) 30 days following the date of Employee’s Separation
From Service if he is not a Specified Employee or on the date that is six months following the date
of his Separation From Service if he is a Specified Employee.

                         (3) Subject to Section 6(b)(iii)(E), the Company shall pay Employee the amount specified in
Section 6(b)(i)(D) each Friday beginning with the first Friday immediately following the date of
Employee’s Separation From Service if he is not a Specified Employee or on the date that is six
months following the date of his Separation From Service if he is a Specified Employee (and such
first payment shall include all amounts that would have been paid to Employee under this
Section 6(b)(vi)(C) if Employee had not been a Specified Employee).

                         (4) Subject to Section 6(b)(iii)(E), the Company shall pay Employee the amount specified in
Section 6(b)(i)(E) on January 1 of each year following his Separation From Service with respect to
which such payment is payable, provided, however, that the first such payment shall not be made
before the date that is six months following the date of his Separation From Service if Employee is
a Specified Employee.

                         (5) In the event of the termination of Employee’s employment pursuant to Section 6(b) in a
circumstance where Employee has incurred a Section 409A

-8-

 

Disability, the Company shall pay or begin to pay, as applicable, Employee the amounts
required to be paid pursuant to Sections 6(b)(i)(B), 6(b)(i)(C), 6(b)(i)(D), 6(b)(i)(E) and
6(b)(i)(F) within 30 days after the date Employee incurs a Section 409A Disability. For purposes
of this Agreement, “Section 409A Disability” means the inability of Employee to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months. Employee shall also be treated as having a “Section 409A Disability” if he
is, by reason of a medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less than 12 months,
receiving income replacement benefits for a period of not less than three months under an accident
and health plan covering employees of the Company.

               (iv) For purposes of this Agreement, Employee shall be deemed to “permanently disabled” if
Employee shall be considered to be permanently and totally disabled in accordance with the
Company’s disability plan, if any, for a period of 180 days or more. If there should be a dispute
between the Company and Employee as to Employee’s physical or mental disability for purposes of
this Agreement, the question shall be settled by the opinion of an impartial reputable physician or
psychiatrist agreed upon by the parties or their representatives, or if the parties cannot agree
within ten (10) calendar days after a request for designation of such party, then a physician or
psychiatrist shall be designated by the Valley Hospital in Northern New Jersey. The parties agree
to be bound by the final decision of such physician or psychiatrist.

     7. Termination by the Company for Cause.

          (a) The Company may terminate this Agreement at any time if such termination is for “cause”,
as defined below, by delivering to Employee written notice describing the cause of termination
30 days before the effective date of such termination and by granting Employee 30 days to cure the
cause. In the event that the employment of Employee is terminated for “cause”, Employee shall be
entitled only to (i) the Accrued Obligation which amount shall be paid within 30 days after the
date of termination, and (ii) a lump sum payment in cash equal to Employee’s Annual Salary through
the date of termination for periods following his Separation From Service, to the extent not
theretofore paid, which amount shall be paid to Employee within 30 days following his Separation
From Service if he is not a Specified Employee or on the date that is six months following his
Separation From Service if he is a Specified Employee.

          (b) “For cause” shall be limited to the occurrence of the following events:

               (i) Conviction of or a plea of nolo contendere to the charge of a felony (which, through lapse
of time or otherwise, is not subject to appeal);

               (ii) Willful refusal without proper legal cause to perform, or gross negligence in performing,
Employee’s duties and responsibilities after 30 days written notice and an opportunity to cure;

-9-

 

               (iii) Material breach of fiduciary duty to the Company through the misappropriation of Company
funds or property; or

               (iv) The unauthorized absence of Employee from work (other than for sick leave or personal
disability) for a period of 60 working days or more during a period of 90 working days.

     8. Voluntary Termination by Employee. Employee may terminate this Agreement at any
time upon delivering 30 days written notice to the Company. In the event of such voluntary
termination other than for “good reason” as defined in Section 5, Employee shall be entitled only
to (a) the Accrued Obligation which amount shall be paid within 30 days after the date of
termination, and (b) a lump sum payment in cash equal to Employee’s Annual Salary through the date
of termination for periods following his Separation From Service, to the extent not theretofore
paid, which amount shall be paid to Employee within 30 days following his Separation From Service
if he is not a Specified Employee, or on the date that is six months following his Separation From
Service if he is a Specified Employee.

     9. Exclusivity of Termination Provisions. The termination provisions of this
Agreement regarding the parties’ respective obligations in the event Employee’s employment is
terminated are intended to be exclusive and in lieu of any other rights or remedies to which
Employee or the Company may otherwise be entitled at law, in equity or otherwise. It is also
agreed that, although the personnel policies and fringe benefit programs of the Company may be
unilaterally modified from time to time, the termination provisions of this Agreement are not
subject to modification, whether orally, impliedly or in writing, unless any such modification is
mutually agreed upon and signed by the parties.

     10. Non-Competition. Employee acknowledges that he has and, while employed, will
acquire unique and valuable experience with respect to the businesses, operations, plans and
strategies of the Company and its subsidiaries. Employee hereby covenants and agrees that during
the term of this Agreement and for a period of one year thereafter, he will not directly or
indirectly compete with the business of the Company or its subsidiaries. For purposes of this
Agreement, the term “compete with the business of the Company and its subsidiaries” shall include
Employee’s participation in any operations whose primary business competes with any business now
conducted by the Company or its subsidiaries, including the sale of menswear or shoes at retail, or
the sale of corporate logo merchandise, or any material line of business proposed to be conducted
by the Company or one or more of its subsidiaries known to Employee and with respect to which
Employee devoted time to as part of his employment hereunder on behalf of the Company or one or
more of its subsidiaries, including but not limited to the business of dry cleaning, whether such
participation is individually or as an officer, director, joint venturer, agent, or holder of an
interest (except as a holder of a less than 1% interest in a publicly traded entity or mutual fund)
of any individual, corporation, association, partnership, joint venture or other business entity so
engaged. This non-competition covenant shall be applicable with respect to the United States and
Canada and any other country in which Employee would be competing with the business of the Company
or its subsidiaries as set forth in this Section 10. Notwithstanding the foregoing, the Company
acknowledges and agrees that Employee’s activities described in Schedule 10 hereto shall
not constitute a breach of this Section 10. Employee and the Company agree that a monetary remedy
for a breach of this

-10-

 

Section 10 or of Section 11 below will be inadequate and will be impracticable and extremely
difficult to prove, and further agree that such a breach would cause the Company irreparable harm,
and that the Company shall be entitled to specific performance and/or temporary and permanent
injunctive relief without the necessity of proving actual damages. Employee agrees that the
Company shall be entitled to such specific performance and/or injunctive relief, including
temporary restraining orders, preliminary injunctions and permanent injunctions, without the
necessity of posting bond or other undertaking in connection therewith. Any such requirement of
bond or undertaking is hereby waived by Employee and Employee acknowledges that in the absence of
such a waiver, a bond or undertaking may be required by the court. In the event of litigation to
enforce this covenant, the courts are hereby specifically authorized to reform this covenant as and
to the extent, but only to such extent, necessary in order to give full force and effect hereto to
the maximum degree permitted by law. Employee also agrees that if Employee is in breach of this
Section 10, the Company may cease all payments required under this Agreement.

     11. Proprietary Information.

          (a) Employee acknowledges and agrees that he has acquired, and may in the future acquire as a
result of his employment with the Company or otherwise, Proprietary Information (as defined below)
of the Company which is of a confidential or trade secret nature, and all of which has a great
value to the Company and is a substantial basis and foundation upon which the Company’s business is
predicated. Accordingly, Employee agrees to regard and preserve as confidential at all times all
Proprietary Information and to refrain from publishing or disclosing any part of it to any person
or entity and from using, copying or duplicating it in any way by any means whatsoever, except in
the course of his employment under this Agreement and in furtherance of the business of the Company
or as required by applicable law or legal process, without the prior written consent of the
Company. In the event of a breach or threatened breach of this Section 11, the Company shall be
entitled to the same remedies as provided in Section 10 with respect to a breach thereof.

          (b) “Proprietary Information” includes all information and data in whatever form, tangible or
intangible, pertaining in any manner to pricing policy, marketing programs, advertising, employee
training, and specific inventory purchase pricing and any written information, including customer
lists, of the Company or any affiliate thereof, unless the information is or becomes publicly known
through lawful means.

     12. Notice. All notices, requests, consents, directions and other instruments and
communications required or permitted to be given under this Agreement shall be in writing and shall
be deemed to have been duly given if delivered in person, by courier, by overnight delivery service
with proof of delivery or by prepaid registered or certified first-class mail, return receipt
requested, addressed to the respective party at the address set forth below, or if sent by
facsimile or other similar form of communication (with receipt confirmed) to the respective party
at the facsimile number set forth below:

-11-

 

	 	 	 
	To the Company:
	 	The Men’s Wearhouse, Inc.
	 
	 	6380 Rogerdale Road
	 
	 	Houston, Texas  77072
	 
	 	Attention: Neill P. Davis
	 
	 	Facsimile:  (281) 776-7102
	 
	 	Confirm:  (281) 776-7356
	 
	 	 
	To Employee:
	 	David H. Edwab
	 
	 	1410 Broadway, 29th Floor
	 
	 	New York, NY  10018
	 
	 	Facsimile:  (917) 777-0508
	 
	 	Confirm:    (917) 777-0500

or to such other address or facsimile number and to the attention of such other person as either
party may designate by written notice. All notices and other communication shall be deemed to have
been duly given when delivered personally or three days after mailing or one day after depositing
such notice with an overnight courier or transmission of a facsimile or other similar form of
communication.

     13. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the parties hereto, their respective heirs, executors, administrators, successors and
assigns; provided, however, that neither the Company nor Employee may assign any duties under this
Agreement without the prior written consent of the other.

     14. Limitation. The Agreement shall not confer any right or impose any obligation on
the Company to continue the employment of Employee in any capacity, or limit the right of the
Company or Employee to terminate Employee’s employment.

     15. Further Assurances. Each party hereto agrees to perform such further actions, and
to execute and deliver such additional documents, as may be reasonably necessary to carry out the
provisions of this Agreement.

     16. Severability. In the event that any of the provisions, or portions thereof, of
this Agreement are held to be unenforceable or invalid by any court of competent jurisdiction, the
validity and enforceability or the remaining provisions, or portions thereof, shall not be affected
thereby.

     17. Arbitration.

          (a) Any dispute, controversy, or claim arising out of or relating to this Agreement, or the
breach, termination or invalidity hereof, including claims for tortious interference or other
tortious or statutory claims arising before, during or after termination, providing only that such
claim touches upon matters covered by this contract, shall be finally settled by arbitration
administered by the American Arbitration Association (“AAA”) pursuant to the Commercial Arbitration
Rules as presently in force, except as modified by the specific provisions of this Agreement. The
parties expressly agree that nothing in this Agreement shall prevent the parties from applying to a
court that would otherwise have jurisdiction over the

-12-

 

parties for provisional or interim measures, including injunctive relief. After the
arbitration panel is empaneled, it shall have sole jurisdiction to hear such applications, except
that the parties agree that any measures ordered by the arbitrators may be immediately and
specifically enforced by a court otherwise having jurisdiction over the parties. The parties agree
that judgment on the arbitration award may be entered by any court having jurisdiction thereof.

          (b) The parties agree that the federal and state courts located in Houston, Texas shall have
exclusive jurisdiction over an action brought to enforce the rights and obligations created in or
arising from this agreement to arbitrate, and each of the parties hereto irrevocably submits to the
jurisdiction of said courts. Notwithstanding the above, application may be made by a party to any
court of competent jurisdiction wherever situated for enforcement of any judgment and the entry of
whatever orders are necessary for such enforcement. Process in any action arising out of or
relating to this agreement may be served on any party to the agreement anywhere in the world by
delivery in person against receipt or by registered or certified mail, return receipt requested.

          (c) The arbitration shall be conducted before a tribunal composed of three neutral arbitrators
drawn from, in the first instance, the Texas Large Complex Claims panel and then, if necessary,
from the Commercial panel. Each arbitrator shall sign an oath agreeing to be bound by the Code of
Ethics for Arbitrators in Commercial Disputes promulgated by the AAA for Neutral Arbitrators. It
is the intent of the parties to avoid the appearance of impropriety due to bias or partiality on
the part of any arbitrator. Prior to his or her formal appointment, each arbitrator shall disclose
to the parties and to the other members of the tribunal, any financial, fiduciary, kinship or other
relationship between that arbitrator and any party or its counsel, or between that arbitrator and
any individual or entity with any financial, fiduciary, kinship or other relationship with any
party. For the purpose of this agreement, “appearance of impropriety” shall be defined as such
relationship or behavior as would cause a reasonable person to believe that bias or partiality on
the part of the arbitrator may exist in favor of any party. Any award or portion thereof, whether
preliminary or final, shall be in a written opinion containing findings of fact and conclusions of
law signed by each arbitrator. The arbitrator dissenting from an award or portion thereof shall
issue a dissent from the award or portion thereof in writing, stating the reasons for his dissent.
The arbitrators shall hear and determine any preliminary issue of law asserted by a party to be
dispositive of any claim, in whole or part, in the manner of a court hearing a motion to dismiss
for failure to state a claim or for summary judgment, pursuant to such terms and procedures as the
arbitrators deem appropriate.

          (d) It is the intent of the parties that, barring extraordinary circumstances, any arbitration
hearing shall be concluded within two months of the date the statement of claim is received by the
AAA. Unless the parties otherwise agree, once commenced, hearings shall be held 5 days a week,
with each hearing day to begin at 9:00 A.M. and to conclude at 5:00 P.M. The parties may upon
agreement extend these time limits, or the chairman of the panel may extend them if he determines
that the interests of justice otherwise requires. The arbitrators shall use their best efforts to
issue the final award or awards within a period of 30 days after closure of the proceedings.
Failure to do so shall not be a basis for challenging the award. The parties and arbitrators shall
treat all aspects of the arbitration proceedings, including without limitation, discovery,
testimony, and other evidence, briefs and the award, as strictly confidential. The place of
arbitration shall be Houston, Texas, USA unless otherwise agreed by the parties.

-13-

 

          (e) The parties agree that discovery shall be limited and shall be handled expeditiously.
Discovery procedures available in litigation before the courts shall not apply in an arbitration
conducted pursuant to this agreement. However, each party shall produce relevant and
non-privileged documents or copies thereof requested by the other parties within the time limits
set and to the extent required by order of the arbitrators. All disputes regarding discovery shall
be promptly resolved by the arbitrators. No witness or party may be required to waive any
privilege recognized at law. The parties hereby waive any claim to any damages in the nature of
punitive, exemplary, or statutory damages in excess of compensatory damages, or any form of damages
in excess of compensatory damages, and the arbitration tribunal is specially divested of any power
to award any damages in the nature of punitive, exemplary, or statutory damages in excess of
compensatory damages, or any form of damages in excess of compensatory damages. Except as provided
in Section 5(d), the party prevailing on substantially all of its claims shall be entitled to
recover its costs, including attorneys’ fees, for the arbitration proceedings, as well as for any
ancillary proceeding, including a proceeding to compel arbitration, to request interim measures, or
to confirm or set aside an award.

     18. Governing Law. This Agreement shall be governed and construed under and
interpreted in accordance with the laws of the State of Texas without giving effect to the doctrine
of conflict of laws.

     19. Entire Agreement; Waiver; Interpretation. This Agreement constitutes the entire
agreement of the parties, and supersede all prior agreements, oral or written, with respect to the
subject matter of this Agreement; provided, that the Change in Control Agreement shall not be
superseded hereby. No change, modification or waiver of any provisions of this Agreement shall be
enforceable unless contained in a writing signed by the party against whom enforcement is sought.
The failure at any time to enforce any of the provisions of this Agreement shall in no way be
construed as a waiver of such provisions and shall not affect the right of either party thereafter
to enforce each and every provisions hereof in accordance with its terms. No presumption shall be
construed against the party drafting this Agreement.

     20. Employee’s Representation. Employee represents and warrants that (i) he is free
to enter into this Agreement and to perform each of the terms and covenants of it, (ii) he is not
restricted or prohibited, contractually or otherwise, from entering into and performing this
Agreement, (iii) his execution and performance of this Agreement is not a violation or breach of
any other agreement between Employee and any other person or entity and (iv) he has been advised by
legal counsel as to the terms and provisions hereof and the effort thereof and fully understands
the consequences thereof.

     21. Company’s Representation. The Company represents and warrants that (i) it is free
to enter into this Agreement and to perform each of the terms and covenants of it, (ii) it is not
restricted or prohibited, contractually or otherwise, from entering into and performing this
Agreement, (iii) its execution and performance of this Agreement is not a violation or breach of
any other agreement between Employee and any other person or entity and (iv) this Agreement is a
legal, valid and binding agreement of the Company, enforceable in accordance with its terms.

     22. Return of Company Property. Employee acknowledges that all Proprietary
Information and other property and equipment of the Company or any affiliate which Employee

-14-

 

accumulates during his employment are the property of the Company and shall be returned to the
Company immediately upon his termination of employment.

     23. Miscellaneous. All references to sections of any statute shall be deemed also to
refer to any successor provisions to such sections. The compensation and benefits payable to
Employee or his beneficiary under Section 5 of this Agreement shall be in lieu of any other
severance benefits to which Employee may otherwise be entitled upon his termination of employment
under any severance plan, program, policy or arrangement of the Company other than the Change in
Control Agreement and Employee shall not be entitled to receive any benefits under Section 5 hereof
if he has become eligible to receive benefits under the Change in Control Agreement. The amount of
any payment or benefit provided for in this Agreement shall not be reduced by offset against any
amount claimed to be owed by Employee to the Company. Employee shall not be permitted to specify
the taxable year in which a payment provided for under this Agreement shall be made to him.

     24. Compliance With Section 409A. It is intended that this Agreement shall comply
with Section 409A. The provisions of this Agreement shall be interpreted and administered in a
manner that complies with Section 409A. The provisions of this Agreement dealing with Section 409A
reflect the manner in which this Agreement has been operated in good faith compliance with Section
409A since January 1, 2005.

-15-

 

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed effective as of
January 1, 2009.

	 	 	 	 	 
	 	 	THE MEN’S WEARHOUSE, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ NEILL P. DAVIS
	 

	 	 	 	 
	 

	 	Name:
	 	Neill P. Davis
	 

	 	Title:
	 	EVP, CFO, Treasurer and PFO
	 

	 	Date:
	 	12-23-08
	 
	 	 	 	 
	 	 	/s/ DAVID H. EDWAB
	 	 	 
	 

	 	 	 	DAVID H. EDWAB
	 
	 	 	 	 
	 

	 	Date:
	 	12-27-08

-16-

 

Schedule 10

Activities Excluded from Section 10

     Employee being a board member of, and a member of any committee of the board of, any of the
following business entities shall not be prohibited by Section 10.

	 	1.	 	Aeropostale
	 
	 	2	 	New York & Company
	 
	 	3.	 	Stuart Weitzman
	 
	 	4.	 	Seven for All Mankind or Peter Koral
	 
	 	5.	 	Transamerican Auto Parts
	 
	 	6.	 	Vitamin Shoppe
	 
	 	7.	 	Affliction

     In addition, advising Irving Place Capital Partners (previously Bear Stearns Merchant Banking)
or any successor thereof with respect to investment opportunities shall not be prohibited by
Section 10.

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