Document:

Exhibit 10.2

 

Agreement to
Protect Corporate Property

 

In consideration of my employment with The J. Jill Group, Inc. (“J.
Jill”), I agree to the following:

 

1.               Confidential Information.  While employed by J. Jill and /or one or more of its subsidiaries (J.
Jill and such subsidiaries referred to collectively as the “Company”) and
thereafter, I will not, directly or indirectly, use any Confidential
Information other than pursuant to my employment by and for the benefit of the
Company, or disclose any Confidential Information (i) to anyone outside of
the Company other than to the Company’s professional advisors on a need to know
basis, (ii) to employees of the Company other than on a need to know
basis, or (iii) as required by law or court order.  For purposes of this Agreement “Confidential
Information” includes but is not limited to all information that relates to the
Company’s past, present and future businesses, products, technologies,
customers, vendors, distribution methods, databases, computer systems, employees
(including information about salaries, benefits and other information personal
to employees), hiring and training practices, operations and marketing
strategies and all trade secrets, proprietary information, know-how, data,
designs, patterns, specifications, processes, financial or business records,
business or financial plans, personnel records, marketing materials, customer
lists or other customer or prospective customer information and other technical
or business information (and any tangible evidence, record or representation
thereof), whether conceived, developed or otherwise made by me or any employee
of the Company or received by the Company from an outside source, which is in
the possession of the Company, which in any way relates to the past, present or
future business of the Company, which is maintained in confidence by the
Company, or which might be of use to competitors or harmful to the Company or
its customers, if disclosed.   “Confidential
Information” does not include information that the Company has voluntarily
disclosed to the public without restriction, which has otherwise lawfully
entered the public domain without my participation or fault, or which is
otherwise generally known by persons of comparable experience in the women’s retail
apparel industry.

 

2.               Ownership of Corporate Property.  All equipment, documents, information and
other property that I receive or develop in the course of my employment by the
Company, and all Confidential Information (as defined in Section 1) and Intellectual
Property (as defined in Section 3), will be and remain the sole property
of the Company.  The products of all of
my efforts in the course of my employment belong exclusively to the Company and
I will not retain any rights in any such work product.  I agree to return all property and
information immediately and without keeping any copies when my employment
terminates for any reason.  This section does
not restrict my use of the general knowledge that I acquire through the course
of my employment by the Company so long as such knowledge does not constitute
Confidential Information or Intellectual Property.

 

3.               Assignment of Intellectual Property.  I
assign, and agree to assign, to the Company all my right, title and interest
throughout the world in and to all Intellectual Property and to anything
tangible that evidences, incorporates, constitutes, represents or records any
Intellectual Property.  I agree that all
Intellectual Property will constitute works made for hire under copyright laws
of the United States.  I assign, and
agree to assign, to the Company all copyrights, patents and other proprietary
rights I may have in any Intellectual Property, together with the right to file
for and/or own wholly without restriction United States and foreign patents,
trademarks, and copyrights.  I waive, and
agree to waive, all moral rights or proprietary rights in or to any
Intellectual Property and, to the extent that such rights may not be waived,
agree not to assert such rights against the Company or its licensees,
successors or

 

1

 

assigns. 
For purposes of this Agreement “Intellectual Property” includes but is
not limited to: (i) all Confidential Information and (ii) all other
business ideas and methods, store concepts, 
inventions, innovations, developments, graphic designs (including, for
example, catalog designs, in-store signage and posters), web site designs,
patterns, specifications, procedures or processes, market research, databases,
works of authorship, products, and other works of creative authorship, or parts
thereof conceived, developed or otherwise made by me, alone or jointly with
others and in any way relating to the Company’s past, present or proposed
products, programs or services or to tasks assigned to me during the course of
my employment, whether or not patentable or subject to copyright protection and
whether or not reduced to tangible form or reduced to practice during the
period of my employment with the Company, whether or not made during my regular
working hours, whether or not made on the Company’s premises, and whether or
not disclosed by me to the Company.

 

4.               Certification of Information and Property.  I hereby certify Exhibit A sets
forth any and all confidential information and intellectual property that I
claim as my own or otherwise intend to exclude from this Agreement because it
was developed by me prior to the date of this Agreement.  I understand that after execution of this
Agreement I will have no right to exclude confidential information or
intellectual property from this Agreement.

 

5.               Non-Competition.  During my employment with the Company and (A) for
a period of one year after termination of my employment with the Company if my
employment is terminated by me for any reason or by the Company for Cause (as
defined below), or (B) for the Severance Pay Period (as defined below), if
any, if my employment is terminated by the Company for any reason other than
for Cause, I will not, on my own behalf, or as owner, manager, stockholder
(except as a holder of not more than five percent of the stock of a publicly
held company), consultant, independent contractor, director, officer, or
employee of any specialty retailer or specialty catalog company (regardless of
its form of organization and including a 
division of an organization if the division is operating a specialty
retail or catalog business) participate, directly or indirectly, in any
capacity, in any business activity that targets the same or similar customer
demographics as and is in competition with the Company.  (For example, the restrictions set forth in
the previous sentence would restrict you from working for (i) a specialty
retailer or specialty catalog company that targets the same or similar customer
demographics as and is in competition with the Company, (ii) a division of a
specialty retailer or specialty catalog company if that division targets the
same or similar customer demographics as and is in competition with the
Company, even though other divisions of the specialty retailer or specialty
catalog company do not target the same or similar customer demographics as and
are not in competition with the Company, or (iii) a division of a general
retailer, such as a department store, if the division is engaged in a specialty
retail or specialty catalog business that targets the same or similar customer
demographics as and is in competition with the Company.  They would not restrict you from working for
(i) a specialty retailer or specialty catalog company that does not target the
same or similar customer demographics as and is not in competition with the
Company, (ii) a division of a specialty retailer or specialty catalog company
if that division does not target the same or similar customer demographics as
and is not in competition with the Company, even though other divisions of the
specialty retailer or specialty catalog company do target the same or similar
customer demographics as and are in competition with the Company, or (iii) a
general retailer, such as a department store, as long as you are not working
for a division of that general retailer that is engaged in a specialty retail
or specialty catalog business that targets the same or similar customer
demographics as and is in competition with the Company.)  The restrictions in this Section 5
extend to all geographic areas in which the Company conducts business.   The restrictions set forth in this Section 5
will not become

 

2

 

effective until you complete your relocation
to the Quincy, MA area.   For purposes of
this Agreement, “Cause” means (i) any act or omission to act by me which
has a material and adverse effect on the Company’s business or on my ability to
perform services for the Company, or (ii) any material misconduct or
material neglect of my duties in connection with the business or affairs of the
Company; and the “Severance Pay Period” means any period during or with respect
to which I am receiving severance payments from the Company at a rate per month
at least equal to my base salary rate per month immediately prior to my
termination.  If I receive a lump sum
severance payment or severance payments that are not specifically tied to my
base salary, the Severance Pay Period will be a number of months calculated by
dividing the aggregate severance payments to be made to me by my monthly base
salary immediately before the termination of my employment, rounded up or down
to the nearest whole number.  The Company’s
rights under this Section 5 may not be assigned by the Company without my
consent, except to any direct or indirect subsidiary of any entity affiliated
with J. Jill.

 

6.               Non-Solicitation.  During my employment with the Company and for
a period of one year after the termination of my employment with the Company
for any reason, I will not directly or indirectly (i) solicit, attempt to
hire, or hire any present or future employee of the Company (or any person who
may have been employed by the Company during the last year of the term of my
employment with the Company), or assist in such hiring by any other person or
business entity or encourage, induce or attempt to induce any such employee to
terminate his or her employment with the Company or (ii) affect to the
Company’s detriment any relationship of the Company with any customer, supplier
or employee of the Company, or cause any customer or supplier to refrain from
entrusting additional business to the Company or any affiliate.  For example, with respect to (i) above,
I will not inform any such employee of a job opportunity with me or any other
company, or suggest that any person or entity contact any such employee to
discuss or mention such a job opportunity.

 

7. 
Miscellaneous.

 

•                  This
Agreement contains the entire and only agreement between the Company and me
with respect to its subject matter, superseding any previous oral or written
communications, representations, understandings, or agreements with the Company
concerning such subject matter.  The
foregoing notwithstanding, this Agreement will neither supersede, nor affect
any of my obligations under, the Agreements (if any) listed on Exhibit B.  Nothing in this Agreement in any way affects
my obligations under The J. Jill Group, Inc. Code of Business Conduct and
Ethics.  This Agreement may not be
amended, in whole or in part, except by an instrument in writing signed by the
Company and me.

 

•                  My
obligations under this Agreement will survive the termination of my employment
with the Company regardless of the manner of or reasons for such termination,
and regardless of whether such termination constitutes a breach of any other
agreement I may have with the Company.

 

•                  If
any provision of this Agreement will be determined to be unenforceable by any
court of competent jurisdiction by reason of its extending for too great a
period of time or over too large a geographic area or over too great a range of
activities, it will be interpreted to extend only over the maximum period of
time, geographic area or range of activities as to which it may be enforceable.  Any invalid, illegal or unenforceable
provision of this Agreement will be severable, and after any such severance,
all other provisions hereof will remain in full force and effect.

 

3

 

•                  In
the event the Company has reason to believe this Agreement has or may be
breached, I acknowledge and consent that this Agreement may be disclosed to my
then current or prospective employer without risk or liability to the
Company.  I acknowledge and agree that
violation of this Agreement by me would cause irreparable harm to the Company
not adequately compensable by money damages alone, and I therefore agree that,
in addition to all other remedies available to the Company at law, in equity or
otherwise, the Company will be entitled to injunctive relief to prevent an
actual or threatened violation of this Agreement and to enforce the provisions
hereof, without showing or proving any actual damage to the Company or posting
any bond in connection therewith.

 

•                  Except
with respect to Section 5 above, this Agreement may be assigned by the
Company without my consent.

 

•                  This
Agreement becomes effective as of the first date of my employment with the
Company.

 

•                  This
Agreement will be governed by, and construed and enforced in accordance with,
the laws of The Commonwealth of Massachusetts, without regard to its principles
of conflict of laws.  I consent to the
personal jurisdiction and venue of Massachusetts state and federal courts.

 

I have carefully read this Agreement, I understand it and I agree to
all of its terms.  I acknowledge that I
have been given a copy of this Agreement.

 

 

	
  Signature:

  	
  /s/ Lisa Bayne

  	
   

  
	
   

  
	
  Name:

  	
  Lisa Bayne

  	
   

  
	
   

  
	
  Date:

  	
  October 17, 2005

  	
   

  
							

 

4

 

EXHIBIT A

 

 

Excluded Confidential Information and Intellectual Property

 

5

 

EXHIBIT B

 

 

Excluded Agreements

 

6exhibit106

    EXHIBIT
      10.6

    

    

     

    
 

    

    

    

    

    PROMISSORY
      NOTE

    

    BY
      AND BETWEEN

    

    SIGN
      MEDIA SYSTEMS, INC., AS THE LENDER

    

    AND

    

    OLYMPUS
      LEASING COMPANY, AS THE BORROWER

     

     

     

     

     

     

     

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    PROMISSORY
      NOTE

    

    
      	
              $1,200,000

            	
              Sarasota,
                Florida

            
	 	
              June
                28, 2005

            

    

    

    FOR
      VALUE RECEIVED,
      Olympus
      Leasing Company, a Florida Corporation (“Borrower”), promises to pay to the
      order of Sign Media Systems, Inc., a Florida corporation (“Lender”), during
      regular business hours at Lender’s office at 2100 19th
      Street,
      Sarasota, FL 34234 or such other place as Lender may from time to time
      designate, the principal sum of One Million Two Hundred Thousand and No/100
      Dollars (“Loan”), with interest thereon at the rate or rates specified below
      until paid in full, and any and all other sums which may be owing to Lender
      by
      Borrower pursuant to this Promissory Note (“Note”), in accordance with the
      provisions set forth herein.

    

    1. PRIMARY
      BUSINESS TERMS

    

    1.1. Maturity
      Date.
      The
      final and absolute maturity date of this Note (“Maturity Date”) shall be June
      28, 2010.

    

    1.2. Interest
      Rate.
      From
      the date of this Note until all sums owed on this Note are paid in full,
      interest shall accrue on the principal balance outstanding under this Note
      at
      Five and Three Tenths percent (5.3%) per annum.

    

    1.3. Payment.
      Borrower shall make a payment to Lender of accrued and unpaid interest only
      on
      June 28, 2006, and on the same day of each succeeding year thereafter. On the
      Maturity Date, Borrower shall pay in full all sums due under this Note,
      including principal, interest, charges and fees. All payments made under this
      Note shall be made by such form of check, draft or other instrument as may
      be
      approved from time to time by Lender, and shall be payable in lawful money
      of
      the United States of America, which shall be legal tender in payment of all
      debts and dues, public and private, at the time of payment. All payments made
      under this Note shall be applied first to late charges or other sums owed to
      Lender, next to accrued interest, and then to principal, or in such other order
      or proportion as Lender, in Lender’s sole discretion, may elect from time to
      time.

    

    1.4. Late
      Charge.
      If any
      payment due under this Note is not received by Lender within fifteen (15)
      calendar days after its due date, Borrower shall pay a late charge equal to
      5%
      of the amount then due.

    

    1.5. Prepayment.
      Borrower may prepay this Note in whole or in part at any time or from time
      to
      time without premium or additional interest. All prepayments shall be applied
      to
      principal in the inverse order of scheduled maturities.

    

    2. DEFAULT
      AND REMEDIES

    

    2.1. Events
      of Default.
      Each of
      the following shall constitute an event of default under this Note (“Event of
      Default”):

    

    (a). A
      default
      in the payment of any sum due under this Note.

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
 

    2.2. Remedies.
      Upon
      the occurrence of an Event of Default, in addition to all other rights and
      remedies available to Lender under the Loan Documents and applicable law, Lender
      shall have the following rights and remedies:

    

    (a). Acceleration.
      Lender, in Lender’s sole discretion and without notice or demand, may declare
      the entire principal balance outstanding under this Note, plus accrued interest
      and all other sums owed under this Note, immediately due and payable; reference
      is made to the Loan Documents for further and additional rights on the part
      of
      Lender to declare the entire balance outstanding under this Note, plus accrued
      interest and all other sums owed under this Note, immediately due and
      payable.

    

    (b). Default
      Interest Rate. Lender, in Lender’s sole discretion and without notice or demand,
      may raise the rate of interest accruing on the principal balance outstanding
      under this Note to the highest rate allowed by applicable law, independent
      of
      whether the Lender elects to accelerate the principal balance outstanding under
      this Note.

    

    2.3. Expenses
      of Collection and Attorneys’ Fees.
      If this
      Note is referred to an attorney for collection, whether or not suit has been
      filed, Borrower shall pay all of Lender’s costs, fees and expenses, including
      reasonable attorneys’ fees, resulting from such referral.

    

    3. MISCELLANEOUS

    

    3.1. Assignability.
      This
      Note may be assigned by Lender or any holder at any time or from time to time.
      This Note shall inure to the benefit of and be enforceable by Lender and
      Lender’s successors and assigns and any other person to whom Lender or any
      holder may grant an interest in Borrower’s obligations under this Note, and
      shall be binding and enforceable against Borrower and Borrower’s personal
      representatives, successors and assigns.

    

    3.2. Negotiable
      Instrument.
      Borrower agrees that this Note shall be deemed a negotiable instrument even
      if
      this Note would not qualify under applicable law, absent this Section, as a
      negotiable instrument.

    

    3.3. Joint
      and Several Liability.
      All
      liabilities under this Note shall be joint and several.

    

    3.4. Choice
      of Law.
      This
      Note shall be governed by the laws of the State of Florida (excluding principals
      of conflicts of law). The parties agree that for choice of law purposes this
      Note shall be deemed entered into and performed in the State of
      Florida.

    

    3.5. Unconditional
      Obligations.
      Borrower’s obligations under this Note shall be the absolute and unconditional
      duty and obligation of Borrower and shall be independent of any rights of
      set-off, recoupment or counterclaim which Borrower might otherwise have against
      the holder of this Note, and Borrower shall pay absolutely the payments of
      principal, interest, fees and expenses required under this Note, free of any
      deductions and without abatement, diminution or set-off.

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
 

    3.6. Tense;
      Gender; Section Headings.
      In this
      Note, the singular includes the plural and vice
      versa;
      and
      each reference to any gender also applies to any other gender. The section
      headings are for convenience only and are not part of this Note.

    

    3.7. Time.
      Time is
      of the essence of this Note.

    

    4. CONSENTS
      AND WAIVERS

    

    4.1. Waiver
      of Presentment, Etc.
      Borrower waives presentment, notice of dishonor and protest.

    

    4.2. Consent
      to Extensions, Etc.
      From
      time to time, without affecting any of the obligations of Borrower under this
      Note, without giving notice to or obtaining the consent of Borrower, and without
      liability on the part of Lender, Lender may, at Lender’s option, extend the
      maturity of this Note, or any payment due under this Note, reduce the amount
      of
      any payments under this Note, release anyone liable on any amount due under
      this
      Note, accept a renewal of this Note, modify the terms of payment of any amounts
      due under this Note, join in any extension or subordination agreement, release
      any security for the Note, or take or release any other or additional
      security.

    

    4.3. Jury
      Trial Waiver.
      Borrower and Lender (by acceptance of this Note) jointly waive trial by jury
      in
      any action or proceeding to which Borrower and any holder of this Note may
      be
      parties, arising out of or in any way pertaining to this Note or any of the
      other Loan Documents. It is agreed and understood that this waiver constitutes
      a
      waiver of trial by jury of all claims against all parties to such actions or
      proceedings, including claims against parties who are not parties to this Note.
      This waiver is knowingly, willingly and voluntarily made by Borrower, and
      Borrower hereby represents that no representations of fact or opinion have
      been
      made by any individual to induce this waiver of trial by jury or to in any
      way
      modify or nullify its effect.

    

    IN
      WITNESS WHEREOF,
      Borrower has duly executed this Note under seal as of the date first written
      above.

     

    BORROWER:

Olympus
      Leasing Company

By:/s/  Antonio
      F.
      Uccello                            
      (SEAL)
           
      Antonio
      F. Uccello,
      III
           
      President

     

     

     

     

    
 

    
      
         

      

      
        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}]]