Document:

Unassociated Document

     

    

       

      EMPLOYMENT
        AGREEMENT

      

      

      This
        Employment Agreement (this "Agreement") is made effective as of May 21, 2007,
        by
        and between Cavico Corp ("Cavico"), of 17011 Beach Blvd, Suite 1230, Huntington
        Beach, California, 92647 and Edward K. Chi ("Chi").

      

      A.
        Cavico
        is engaged in the business of Construction. Chi will perform the job duties
        at
        the following locations: 17011 Beach Blvd, Suite 1230, Huntington Beach,
        California, USA and 6 Floor, Song Da Building, Pham Hung Street, My Dinh
        Tu
        Liem, Hanoi, Vietnam

      

      B.
        Cavico
        desires to have the services of Chi.

      

      C.
        Chi is
        willing to be employed by Cavico.

      

      Therefore,
        the parties agree as follows:

      

      1.
        EMPLOYMENT.
        Cavico
        shall employ Chi as a(n) Vice President. Chi shall provide to Cavico the
        services described on the attached Exhibit A, which is made a part of this
        Agreement by this reference. Chi accepts and agrees to such employment, and
        agrees to be subject to the general supervision, advice and direction of
        Cavico
        and Cavico's supervisory personnel. Chi shall also perform (i) such other
        duties
        as are customarily performed by an employee in a similar position, and (ii)
        such
        other and unrelated services and duties as may be assigned to Chi from time
        to
        time by Cavico. 

      

      2.
        BEST EFFORTS OF EMPLOYEE.
        Chi
        agrees to perform faithfully, industriously, and to the best of Chi's ability,
        experience, and talents, all of the duties that may be required by the express
        and implicit terms of this Agreement, to the reasonable satisfaction of Cavico.
        Such duties shall be provided at such place(s) as the needs, business, or
        opportunities of Cavico may require from time to time. 

      

      3.
        COMPENSATION OF EMPLOYEE.
        As
        compensation for the services provided by Chi under this Agreement, Cavico
        will
        pay Chi an annual salary of $50,000.00 payable monthly on the first day of
        each
        month. Upon termination of this Agreement, payments under this paragraph
        shall
        cease; provided, however, that Chi shall be entitled to payments for periods
        or
        partial periods that occurred prior to the date of termination and for which
        Chi
        has not yet been paid, and for any commission earned in accordance with Cavico's
        customary procedures, if applicable. Accrued vacation will be paid in accordance
        with state law and Cavico's customary procedures. This section of the Agreement
        is included only for accounting and payroll purposes and should not be construed
        as establishing a minimum or definite term of employment. 

      

      4.
        EXPENSE REIMBURSEMENT. Cavico
        will reimburse Chi for "out-of-pocket" expenses incurred by Chi in accordance
        with Cavico's policies in effect from time to time. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      5.
        RECOMMENDATIONS FOR IMPROVING OPERATIONS.
        Chi
        shall provide Cavico with all information, suggestions, and recommendations
        regarding Cavico's business, of which Chi has knowledge that will be of benefit
        to Cavico.

      

      6.
        CONFIDENTIALITY.
        Chi
        recognizes that Cavico has and will have information regarding the
        following:

      -
        inventions

      -
        products

      -
        product
        design

      -
        processes

      -
        technical matters

      -
        trade
        secrets

      -
        copyrights

      -
        customer lists

      -
        prices

      -
        costs

      -
        discounts

      -
        business affairs

      -
        future
        plans

      and
        other
        vital information items (collectively, "Information") which are valuable,
        special and unique assets of Cavico. Chi agrees that Chi will not at any
        time or
        in any manner, either directly or indirectly, divulge, disclose, or communicate
        any Information to any third party without the prior written consent of Cavico.
        Chi will protect the Information and treat it as strictly confidential. A
        violation by Chi of this paragraph shall be a material violation of this
        Agreement and will justify legal and/or equitable relief. 

      

      7. UNAUTHORIZED
        DISCLOSURE OF INFORMATION.
        If it
        appears that Chi has disclosed (or has threatened to disclose) Information
        in
        violation of this Agreement, Cavico shall be entitled to an injunction to
        restrain Chi from disclosing, in whole or in part, such Information, or from
        providing any services to any party to whom such Information has been disclosed
        or may be disclosed. Cavico shall not be prohibited by this provision from
        pursuing other remedies, including a claim for losses and damages. 

      

      8. CONFIDENTIALITY
        AFTER TERMINATION OF EMPLOYMENT.
        The
        confidentiality provisions of this Agreement shall remain in full force and
        effect for a 1 year period after the termination of Chi's employment. During
        such 1 year period, neither party shall make or permit the making of any
        public
        announcement or statement of any kind that Chi was formerly employed by or
        connected with Cavico. 

      

      9.
        VACATION.
        Chi
        shall be entitled to 14 of paid vacation for each completed year of employment.
        Such vacation must be taken at a time mutually convenient to Cavico and Chi,
        and
        must be approved by Cavico. Requests for vacation shall be submitted to Chi's
        immediate supervisor 14 days in advance of the requested beginning date.
        

      

      The
        provisions of this Vacation section are subject to change in accordance with
        Cavico policies in effect from time to time.

      

      10.
        SICK LEAVE. Chi
        shall
        be entitled to 6 day(s) paid time, due to illness or for personal business,
        for
        each year of employment, with the year to be measured using Chi's starting
        date
        as the point of beginning. Unused sick leave benefits as of December 31 of
        each
        year may be converted into cash compensation at a rate of $25.00 per hour.
        Sick
        leave may be accumulated from year to year up to a total of 6 days; excess
        amounts shall be forfeited. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      All
        requests for sick days off shall be made by Chi in accordance with Cavico
        policies in effect from time to time. 

      

      The
        provisions of this Sick Leave section are subject to change in accordance
        with
        Cavico policies in effect from time to time.

      

      11.
        PERSONAL LEAVE. Chi
        shall
        be entitled to 6 day(s) unpaid time, for personal business or due to illness,
        for each year of employment, with the year to be measured using Chi's starting
        date as the point of beginning. Personal leave benefits may not be converted
        into cash compensation. Chi's rights to unused personal leave benefits shall
        be
        forfeited upon termination of employment. Personal leave may not be accumulated
        from year to year; unused benefits shall be forfeited. 

      

      All
        requests for personal days off shall be made by Chi in accordance with Cavico
        policies in effect from time to time.

      

      The
        provisions of this Personal Leave section are subject to change in accordance
        with Cavico policies in effect from time to time.

      

      12.
        HOLIDAYS. Chi
        shall
        be entitled to the following holidays with pay during each calendar year:
        

      -
        New
        Year's Day

      -
        Memorial Day

      -
        4th of
        July

      -
        Labor
        Day

      -
        Thanksgiving Day

      -
        Christmas Day

      

      The
        provisions of this Holidays section are subject to change in accordance with
        Cavico policies in effect from time to time.

      

      13.
        INSURANCE BENEFITS.
        Chi
        shall be entitled to insurance benefits, in accordance with Cavico's applicable
        insurance contract(s) and policies, and applicable state law. These benefits
        shall include:

      -
        health
        insurance

      -
        disability insurance

      -
        life
        insurance

      

      The
        provisions of this Insurance Benefits section are subject to change in
        accordance with Cavico policies in effect from time to time.

      

      Chi
        shall
        be able to participate in Cavico's pension plan in accordance with the plan's
        terms and the requirements of law. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      14.
        TERM/TERMINATION.
        Chi's
        employment under this Agreement shall be for an unspecified term on an "at
        will"
        basis. This Agreement may be terminated by Cavico upon 30 days written notice,
        and by Chi upon 30 days written notice. If Chi is in violation of this
        Agreement, Cavico may terminate employment without notice and with compensation
        to Chi only to the date of such termination. The compensation paid under
        this
        Agreement shall be Chi's exclusive remedy. 

      

      15.
        TERMINATION FOR DISABILITY.
        Cavico
        shall have the option to terminate this Agreement, if Chi becomes permanently
        disabled and is no longer able to perform the essential functions of the
        position with reasonable accommodation. Cavico shall exercise this option
        by
        giving 30 days written notice to Chi.

      

      16.
        COMPLIANCE WITH EMPLOYER'S RULES.
        Chi
        agrees to comply with all of the rules and regulations of Cavico.

      

      17.
        RETURN OF PROPERTY. Upon
        termination of this Agreement, Chi shall deliver to Cavico all property which
        is
        Cavico's property or related to Cavico's business (including keys, records,
        notes, data, memoranda, models, and equipment) that is in Chi's possession
        or
        under Chi's control. Such obligation shall be governed by any separate
        confidentiality or proprietary rights agreement signed by Chi.

      

      18.
        NOTICES. All
        notices required or permitted under this Agreement shall be in writing and
        shall
        be deemed delivered when delivered in person or on the third day after being
        deposited in the United States mail, postage paid, addressed as
        follows:

       

      Employer:

      

      Cavico
        Corp

      Ha
        Quang
        Bui

      CEO
&
        Chairman

      17011
        Beach Blvd, Suite 1230

      Huntington
        Beach, California 92647 

      

      Employee:

      

      Edward
        K.
        Chi

      Room
        2006

      24T1
        Building

      Hoang
        Dao
        Thuy Street

      Hanoi,
        Vietnam

      

      Such
        addresses may be changed from time to time by either party by providing written
        notice in the manner set forth above.

      

      19.
        ENTIRE AGREEMENT. This
        Agreement contains the entire agreement of the parties and there are no other
        promises or conditions in any other agreement whether oral or written. This
        Agreement supersedes any prior written or oral agreements between the
        parties.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      20.
        AMENDMENT. This
        Agreement may be modified or amended, if the amendment is made in writing
        and is
        signed by both parties.

      

      21.
        SEVERABILITY. If
        any
        provisions of this Agreement shall be held to be invalid or unenforceable
        for
        any reason, the remaining provisions shall continue to be valid and enforceable.
        If a court finds that any provision of this Agreement is invalid or
        unenforceable, but that by limiting such provision it would become valid
        or
        enforceable, then such provision shall be deemed to be written, construed,
        and
        enforced as so limited.

      

      22.
        WAIVER OF CONTRACTUAL RIGHT. The
        failure of either party to enforce any provision of this Agreement shall
        not be
        construed as a waiver or limitation of that party's right to subsequently
        enforce and compel strict compliance with every provision of this
        Agreement.

      

      23.
        APPLICABLE LAW. This
        Agreement shall be governed by the laws of the State of California.

      

      

      EMPLOYER:

      Cavico
        Corp

      

        
          	
                  By:

                	/s/
                  Ha Quang Bui                	
                  Date:                     

                
	 	
                  Ha
                    Quang Bui

                	 
	 	
                  CEO
                    & Chairman

                	 

        

      

       

      

      AGREED
        TO AND ACCEPTED.

      

      EMPLOYEE:

      
        

          
            	
                    By:

                  	/s/
                    Edward K. Chi                	
                    Date:                     

                  
	 	
                    Edward
                      K. ChiUnassociated Document

    AGREEMENT
      AND GENERAL RELEASE

    

    This
      Agreement and General Release (the “Agreement”) is made this ____ day of January
      between Neal Goldberg (the “Employee”) and The Children’s Place Retail Stores,
      Inc. and its direct and indirect subsidiaries and affiliated corporations
      (collectively, the “Employer” or the “Company”).

    

    1. Termination
      of Employment.
      The
      parties agree that the Employee’s employment with the Employer terminated
      effective December 19, 2007 (the “Separation Date”), as a result of the notice
      given by Employee (the “Termination Notice”) pursuant to Section 10.01 of the
      Amended and Restated Employment Agreement dated May 12, 2006 (the “Employment
      Agreement”). 

    

    2. Separation
      Payment.
      (a) In
      consideration for entering into this Agreement, the Employer shall pay to the
      Employee the sum of Seven Hundred Fifteen Thousand Dollars ($715,000), less
      legally required payroll deductions (“Separation Payment”), which sum shall be
      paid to Employee in equal consecutive monthly installments with the first such
      installment paid on the first day of the month next following the effective
      date
      of termination of Employee’s employment hereunder; provided, however, that the
      payments of all such installments otherwise payable prior to July 1, 2008 shall
      be deferred and paid on such date. The parties agree that this payment schedule
      meets the requirements set forth in Section 6.01 of the Amended and Restated
      Employment Agreement dated as of May 12, 2006 (the “Employment Agreement”).

    

    (b)
      In addition to the payment set forth above in Section 2(a), the parties
      acknowledge that the Employee shall receive all wages and payments for accrued
      paid time off in Employee’s final paycheck on January 4, 2008.

    

    (c)
      The parties agree that a total of 45,837 stock
      options of the Company’s common stock at a strike price of $27.65 scheduled to
      vest on January 31, 2008 shall vest immediately as of the Separation Date.
      All
      other unvested stock options as of the Separation Date shall be null and void.
      The Employee shall have a period of ninety (90) days from the Separation Date
      to
      exercise vested but unexercised stock options, if applicable, after which time
      all such unexercised stock options shall expire. The employee acknowledges
      that
      notwithstanding the preceding sentence, any shares that he may obtain upon
      the
      exercise of options that are subject to the Transfer Restriction Agreement
      he
      executed on January 27, 2006 shall be transferable only pursuant to the terms
      of
      such agreement. The parties agree that since the Employee is no longer an
      employee of the Company he is no longer subject to the pre-established blackout
      periods of the Company’s Insider Trading Policy. However, the Employee
      acknowledges that he must continue to comply with Section 16 of Securities
      Exchange Act of 1934 (“Section 16”), as amended and Rule 10b-5, promulgated by
      the Securities and Exchange Commission, and the Company shall assist the
      Employee with compliance with Section 16. In
      addition, the Employee acknowledges that he is no longer entitled to any of
      the
      equity compensation that was granted to him in December 2007. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (d)
      The Employer represents and warrants, and the Employee acknowledges, that the
      consideration paid to the Employee under this Agreement is at least equal to
      the
      amount the Employee would be entitled to upon termination of the Employee’s
      employment pursuant to Section 6.01.

    

    3. Other
      Benefits.
      (a) Any and all other employment benefits received by the Employee shall
      terminate effective as of the Separation Date. 

    

    (b)
      The Employee agrees that the Employee is not entitled to and will not seek
      any
      further consideration, including, but not limited to, any wages, vacation pay,
      sick pay, disability pay, bonus, compensation, payment or benefit from the
      Released Parties (as defined in Section 10) other than that to which the
      Employee is entitled pursuant to this Agreement or applicable law. The Employee
      acknowledges and agrees that the payments hereunder satisfy in full the
      Company's obligations to the Employee under the Employment
      Agreement.

    

    4.
       Removal
      from Company Positions and Indemnification.
      The parties agree that the Termination Notice shall constitute Employee’s
      written resignation from all positions held on behalf of the Company including
      but not limited to officer, director, agent, representative, trustee,
      administrator, fiduciary and signatory. In addition, with respect to all acts
      or
      omissions of Employee which occurred prior to the Separation Date, the Company
      agrees to continue to indemnify the Employee to the same extent that the
      Employee was indemnified prior to the Separation Date and that the Employee
      shall retain the benefit of all directors and officers liability insurance
      and
      coverage maintained by the Company with respect to claims made during the period
      provided by the Company’s current policy and to the extent provided by any
      future policy from time to time maintained by the Company with respect to other
      former executives of the Company, in each case on the terms and conditions
      of
      such policy. Without
      limiting the foregoing, the Company shall pay legal fees and expenses as are
      incurred by him in connection with Employee’s defense in the matter entitled
Gail
      Nutall v. Ezra Dabah, et al.,
      Case No. 2:07-CV-121(SDW)(MCA) (the “Litigation”). Employee further acknowledges
      and agrees to promptly reimburse the Company for any amounts advanced or paid
      on
      Employee’s behalf in connection with the Litigation in the event it shall
      ultimately be determined by a court of competent jurisdiction that Employee
      is
      not entitled to be indemnified by the Company as authorized in Section 145
      of
      the Delaware General Corporation Law.

    

    5.
       Return
      of Company Property.
      The Employee agrees to return to the Company all laptops, cellular telephones,
      blackberries, keys, locks, credit cards, documents, records, materials, and
      other information of any type whatsoever that is the property of the Company.
      Employee further agrees that Employee shall not retain any copies or
      reproductions of correspondence, memoranda, reports, notebooks, drawings,
      photographs, or other documents relating in any way to the affairs of
      the Company or its vendors. The Company agrees to provide Employee with
      reasonable access during business hours to documents or other information
      determined necessary to defend against any claims brought against him which
      arise from or relate to his employment with the Company, including those
      referenced in Section 4 of this Agreement.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    6. Consultation
      with Counsel and Voluntariness of Agreement.
      (a) The Employee acknowledges that the Employer has advised the Employee in
      writing to consult with an attorney prior to executing this Agreement. The
      Employee further acknowledges that, to the extent desired, the Employee has
      consulted with the Employee’s own attorney in reviewing this Agreement, that the
      Employee has carefully read and fully understands all the provisions of this
      Agreement, and that the Employee is voluntarily entering into this Agreement.
      

    

    (b)
       The
      Employee further acknowledges that the Employee has had a period of at least
      twenty-one (21) days in which to consider the terms of this
      Agreement.

    

    (c)
       The
      Employee acknowledges that the Employee has been informed in writing that the
      Employee has seven (7) calendar days following the execution of this Agreement
      to revoke it, and that such revocation must be in writing, hand delivered or
      sent via overnight mail and actually received by the Employer within such
      period. It is specifically understood that this Agreement shall not be effective
      or enforceable, and the payments and benefits set forth in this Agreement shall
      not be paid until the seven-day revocation period has expired.

    

    7.
       Confidentiality
      of Agreement.
      The Employee agrees not to disclose the existence of this agreement or the
      terms
      and conditions of this Agreement to any person or entity, except: (a) to comply
      with or enforce the terms of this Agreement; (b) to the Employee’s legal,
      financial or tax advisors, spouse, and to the Internal Revenue Service or any
      similar state or local taxation authority; or (c) as otherwise required by
      law.

    

    8.
       Exclusivity
      of Services, Confidential Information and Restrictive Covenants.
      The Employee acknowledges and agrees that he continues to be bound by Section
      9
      of Employment Agreement to the extent required by applicable law. 

    

    9. Confirmation
      of Employment.
      The Employer shall, if called upon, confirm the Employee’s dates of employment
      and position with the Employer.

    

    10. Release.
      (a) Employee represents and warrants that he is not aware of any misconduct
      by
      any employee or director of the Company that Employee should report in
      accordance with the Company’s Code of Business Conduct or any irregularity in
      the Company’s books or records or any other matter relating to the Company’s
      accounting that could properly be reported by Employee pursuant to the
      procedures established by the Company for making such reports, except any that
      has already been reported by Employee in writing to the appropriate personnel
      of
      the Company. In exchange for the consideration set forth in Section 2, the
      Employee, on behalf of the Employee and the Employee’s agents, assignees,
      attorneys, heirs, executors and administrators, voluntarily and knowingly
      releases the Employer, as well as the Employer’s successors, predecessors,
      assigns, parents, subsidiaries, divisions, affiliates, officers, directors,
      shareholders, employees, agents and representatives, in both their individual
      and representative capacities (collectively, the “Released Parties”), from any
      and all claims, causes of action, suits, grievances, debts, sums of money,
      agreements, promises, damages, back and front pay, costs, expenses, and
      attorneys’ fees by reason of any matter, cause, act or omission arising out of
      or in connection with the Employee’s employment or separation from employment
      with the Employer, including but not limited to any claims based upon common
      law, any federal, state or local employment statutes or civil rights laws.
      Included in this release, without limiting its scope, are claims arising under
      Title VII of the Civil Rights Act of 1964, as amended; the Age Discrimination
      in
      Employment Act; the Older Workers Benefit Protection Act; the Americans with
      Disabilities Act; the Family and Medical Leave Act, the Fair Labor Standards
      Act
      of 1938 as amended by the Equal Pay Act of 1963; the Employee Retirement Income
      Security Act of 1974; the New Jersey Conscientious Employee Protection Act;
      the
      New Jersey Law Against Discrimination; the New Jersey Family Leave Act; the
      New
      Jersey Wage Payment Act; the Sarbanes-Oxley Act of 2002; and any other laws
      prohibiting discrimination, retaliation, wrongful termination, failure to pay
      wages, breach of contract, defamation, invasion of privacy, whistleblowing
      or
      infliction of emotional distress, or any other matter. This release shall apply
      to all known, unknown, unsuspected and unanticipated claims, liens, injuries
      and
      damages that have accrued to the Employee as of the date of this Agreement.
      

    

    
      
         

      

      
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    (b)
       This
      release does not waive rights or claims that may arise after this release is
      executed and does not waive any rights or claims which cannot be waived as
      a
      matter of law. This Agreement does not affect the Employee’s right to file a
      charge with the EEOC or to participate in any investigation conducted by the
      EEOC, but the Employee acknowledges that the Employee is not entitled to any
      other monies other than those payments described in this Agreement.

    

    (c)
       To
      the fullest extent permitted by law, the Employee promises never to file a
      lawsuit, claim, administrative proceeding or agency action (collectively
“Lawsuit”) asserting any claims against a Released Party with respect to any
      claim released by Section 10(a), and further agrees that he shall not have
      the
      right to recover any monetary relief with respect to any such claim that may
      be
      asserted on his behalf. 

    

    11.
       Cooperation.
      Employee shall furnish such information as may be in his possession to, and
      cooperate with, the Company as may reasonably be requested by the Company in
      the
      orderly transfer of his responsibilities to other Company employees or
      in connection with any litigation or other proceeding in which the Company
      is or
      may be involved or a party to the extent there exists a commonality of interests
      between the parties with respect to the defense of such claims.

     

    12. Violation
      of Terms.
      Should the Employee breach any provision of this Agreement, which breach is
      not
      cured within ten (10) days after written notice to Employee, then, in addition
      to all other damages or legal remedies available to the Employer (including
      without limitation injunctive relief), the Employee immediately shall return
      to
      the Employer all monies paid to the Employee pursuant to this Agreement. Should
      the Employer violate any provision of this Agreement, then the Employee shall
      have all remedies and civil actions available to remedy Employee’s damages. The
      parties agree that, should either party seek to enforce the terms of this
      Agreement through litigation, then the prevailing party, in addition to all
      other legal remedies, shall be reimbursed by the other party for all reasonable
      attorneys’ fees in relation to such litigation. However, in accordance with
      applicable laws, if the Employee violates this Agreement by commencing an action
      under the Age Discrimination in Employment Act, then the requirements set forth
      in this Section 12 shall not apply. 

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

       

    

    13.
       No
      Admission.
      Nothing contained in this Agreement nor the fact that the parties have signed
      this Agreement shall be construed as an admission by either party that it has
      taken any improper action or done anything wrong. 

    

    14. Waiver
      of Reinstatement.
      By entering into this Agreement, the Employee acknowledges that the Employee
      waives any claim to reinstatement and/or future employment with the Employer.
      The Employee further acknowledges that the Employee is not and shall not be
      entitled to any payments, benefits or other obligations from the Released
      Parties whatsoever (except as expressly set forth in this
      Agreement).

    

    15. Miscellaneous.
      This Agreement contains the entire understanding between the parties. This
      Agreement supersedes any and all previous agreements and plans, whether written
      or oral, between the Employee and the Employer. There are no other
      representations, agreements or understandings, oral or written, between the
      parties relating to the subject matter of this Agreement. No amendment to or
      modification of this Agreement shall be valid unless made in writing and
      executed by the parties hereto subsequent to the date of this Agreement. This
      Agreement shall be enforced in accordance with the laws of the State of New
      Jersey without regard to conflicts of law principles, and the parties agree
      that
      any litigation to enforce this Agreement will take place in New Jersey. This
      Agreement may be executed in several counterparts, and all counterparts so
      executed shall constitute one Agreement, binding upon the parties
      hereto.

    

    16. Severability.
      If any term, provision or part of this Agreement shall be determined to be
      in
      conflict with any applicable federal, state or other governmental law or
      regulation, or otherwise shall be invalid or unlawful, such term, provision
      or
      part shall continue in effect to the extent permitted by such law or regulation.
      Such invalidity, unenforceability or unlawfulness shall not affect or impair
      any
      other terms, provisions and parts of this Agreement not in conflict, invalid
      or
      unlawful, and such terms, provisions and parts shall continue in full force
      and
      effect and remain binding upon the parties hereto.

    

    17. Tax
      Withholding.
      All amounts payable hereunder shall be subject to all applicable federal, state
      and local tax withholdings.

    

    
      
         

      

      
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    THE
      EMPLOYEE STATES THAT THE EMPLOYEE HAS CAREFULLY READ THIS AGREEMENT PRIOR TO
      SIGNING IT, THAT THE AGREEMENT HAS BEEN FULLY EXPLAINED TO THE EMPLOYEE PRIOR
      TO
      SIGNING IT, THAT THE EMPLOYEE HAS HAD THE OPPORTUNITY TO HAVE IT REVIEWED BY
      AN
      ATTORNEY AND THAT THE EMPLOYEE UNDERSTANDS THE AGREEMENT’S FINAL AND BINDING
      EFFECT PRIOR TO SIGNING IT, AND THAT THE EMPLOYEE IS SIGNING THE RELEASE
      VOLUNTARILY WITH THE FULL INTENTION OF COMPROMISING, SETTLING, AND RELEASING
      THE
      COMPANY AS STATED IN THIS AGREEMENT.

     

    
      	
              The
                Children’s Place Retail Stores, Inc.

            	 	
              Neal
                Goldberg

            
	 	 	 	 	 
	 	
            	 	 	
            
	By:	 	 	 	 
	 	 	 	 	
              (signature)

            
	 	 	 	 	 
	
              Dated: 

            	 	 	
              Dated: 

            	 

    

    

    
      
         

      

      
        6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]