Document:

Amendment No. 3 Employment Agreement  for William Montalto dated 3 Dec 2007

 Exhibit 10.13 
 AMENDMENT NO. 3 TO AMENDED AND RESTATED 
 EMPLOYMENT
AGREEMENT 
 This AMENDMENT (this “Amendment”) is entered into as of December 3, 2007 by and among
Sterling Jewelers Inc., a Delaware corporation (the “Company”) and William Montalto (the “Executive”). Any capitalized term used but not defined herein shall have the meaning ascribed thereto in the Employment
Agreement (as hereinafter defined), except as otherwise provided. 
 WHEREAS, the Company and the
Executive entered into an Amended and Restated Employment Agreement, dated as of August 9, 2004, and amended on January 12, 20061 (as amended to the date hereof, the “Employment Agreement”); and 
 WHEREAS, the parties hereby desire to make certain additional amendments to the Employment Agreement to reflect the issuance of final
regulations under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); 
 NOW,
THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto agree as follows: 
 Amendment
Fixing Annual Bonus Payment 
  

	1.	Sections 1(b)(ii), 1(b)(iii), 1(c)(ii), 3(a)(ii), 4(a)(ii), 4(a)(iii), 4(b)(ii), and 4(b)(iii) of the Employment Agreement are hereby amended to provide for the payment
of the Annual Bonus or any pro-rata portion thereof during the period commencing on the 15th of April and ending on the 31st of May following the end of the applicable fiscal year of Signet Group plc, and to delete references to such payments being
paid on the 30th of April following the preliminary announcement by Signet Group plc of its results for the related fiscal year. 

 Amendments Designating Separation Payments as “Separate Payments” 
  

	2.	Section 1(b)(v) of the Employment Agreement is hereby amended to add the phrase “with each such payment hereby designated a separate payment” as the last
phrase thereof 

  

	3.	Section 1(c)(i) of the Employment Agreement is hereby amended to add the phrase “with each such payment hereby designated a separate payment” immediately
prior to Section 1(c)(ii). 

  

	1	 This assumes that there was no prior 409A amendment for Mr. Montalto. 

 Amendment Fixing the Period for Remitting Gross Up Payments 
  

	4.	The last paragraph of Section 3 of the Employment Agreement is hereby amended to add the phrase “and shall be paid no later than the end of the
Executive’s taxable year next following the Executive’s taxable year in which he remits the related taxes” as the last clause of the sentence. 

 Amendment Adding Fringe Benefit Anti-Abuse Boilerplate Language 
  

	5.	Section 3 of the Employment Agreement is hereby amended to add a new last paragraph as follows: 

 No payments or benefits provided under this Section 3 in respect of one taxable year shall affect the amounts payable in any other
taxable year. No benefit or payment due to the Executive under this Section 3 shall be subject to liquidation or exchange for another benefit. Any reimbursements made to the Executive pursuant to this Agreement or otherwise shall be paid no
later than the last day of the year following the year in which the expense was incurred. 
 Amendment Regarding 409A Compliance

  

	6.	A new Section 14 of the Employment Agreement is hereby added to the Employment Agreement with each succeeding section renumbered accordingly, which shall read in
its entirety as follows: 

 Compliance with Code Section 409A. To the extent applicable, this Agreement
shall be interpreted in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation
any such regulations or other guidance that may be issued after the Execution Date. Notwithstanding any provision of the Agreement to the contrary, (i) if at the time of the Executive’s termination of employment with the Company the
Executive is a “specified employee” as defined in Section 409A Code and related Department of Treasury guidance and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such
termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company may defer the commencement of any such payments or benefits hereunder (without any reduction in such
payments or benefits ultimately paid or provided to the Executive) until the date that is six months following the Executive’s termination of employment with the Company (or the earliest date as is permitted under Section 409A of the Code)
and (ii) if any other payments of money or other benefits due to the Executive hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, the Company may (a) adopt such amendments to the
Agreement, including amendments with retroactive effect, that the Company determines necessary or appropriate to

  

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preserve the intended tax treatment of the benefits provided by the Agreement and/or (b) take such other actions as the Company determines necessary or appropriate to comply with the
requirements of Section 409A of the Code and related Department of Treasury guidance. The Company shall consult with the Executive in good faith regarding the implementation of this Section 14; provided that neither the Company nor
any of its employees or representatives shall have any liability to the Executive with respect thereto. 
 Miscellaneous 
  

	7.	Entire Agreement. The Employment Agreement, as amended by this Amendment, constitutes the complete and exclusive understanding of the parties with respect to the
Executive’s employment and supersedes any other prior oral or written agreements, arrangements or understandings between the Executive and the Company. 

  

	8.	Full Force. Except as set forth in this Amendment, the Employment Agreement remains in full force and effect. 

  

	9.	Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which taken together shall
constitute one and the same instrument. 

 [The balance of this page was intentionally left blank.]

  

 3 

 IN WITNESS WHEREOF the parties hereto have caused this Amendment to be executed as of
the date first above written. 
  

			
	 STERLING JEWELERS INC.

		
	 By:
	 	 /s/ Mark S. Light

		 	 Name:  Mark S. Light

		 	 Title:    President and CEO

		
		 	 /s/ WILLIAM MONTALTO

		 	 WILLIAM MONTALTO

		 	 Title:

  

 4Amendment No. 2 Employment Agreement  for William Montalto dated 1 Sept 2007

 Exhibit 10.14 
 STERLING JEWELERS INC. 
 375 Ghent Road 
 Akron, Ohio 44333 
 September 1, 2007 
 Mr. William Montalto 
 Sterling Jewelers Inc. 
 375 Ghent Road 
 Akron, Ohio 44333 
 Dear Bill: 
 Reference is made to your amended and restated Employment Agreement with Sterling Jewelers Inc dated as of August 9, 2004 and amended on
January 25, 2006 (as amended, the “Employment Agreement”). Any capitalized term not defined herein shall have the meaning set forth in the Employment Agreement. 
 In accordance with Section 3(a) of the Employment Agreement, as of May 1, 2007, the Base Salary has been increased, so that the reference in Section 3(a)(i) of the Employment Agreement to
“$525,000 per annum” shall be deleted and replaced with “$565,000 per annum”. In addition, beginning with the performance period commencing on February 4, 2007 the Employment Agreement shall be amended so that the
“Annual Bonus” has been increased so that the reference in Section 3 (a)(i) of the Employment Agreement to “up to 70% of Base Salary” shall be deleted and replaced with “up to 100% of Base Salary”. 
 Except as modified by this letter, the Employment Agreement shall remain in full force and effect in accordance with its terms. 
 If you agree to the foregoing, please countersign the enclosed counterpart of this letter in the appropriate space below and return the signed copy to the
undersigned. 
  

			
	STERLING JEWELERS INC.
		
	By:	 	/s/ Mark S. Light
	Name:	 	Mark S. Light
	Title:	 	President and CEO

  

			
	Accepted and agreed as of the first date written above.
		
	By:	 	/s/ William Montalto
	Name:	 	William MontaltoAmendment No. 1 Employment Agreement  for William Montalto dated 1 Sept 2006

 Exhibit 10.15 
 STERLING JEWELERS INC. 
 375 Ghent Road 
 Akron, Ohio 44333 
 September 1, 2006 
 Mr. William Montalto 
 Sterling Jewelers Inc. 
 375 Ghent Road 
 Akron, Ohio 44333 
 Dear Bill: 
 Reference is made to your Amended and Restated Employment Agreement with Sterling Jewelers Inc. dated as of August 9, 2004 (as amended January 25,
2006, the “Employment Agreement”). Any capitalized term not defined herein shall have the meaning set forth in the Employment Agreement. 
 In accordance with Section 3(a) of the Employment Agreement, for the performance period commencing January 29, 2006 and thereafter, Section 3(a)(iii) of the Employment Agreement shall be amended so that the long term
incentive bonus opportunity of “up to 45%” shall be deleted and replaced with “up to 70%”. 
 Further, a new Section 14
shall be added as follows, and the existing Sections 14 and 15 shall be renumbered accordingly: 
 14.
“Compliance with Code Section 409A. To the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and Department of
Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Execution Date. Notwithstanding any provision of the Agreement to the contrary,
(i) if at the time of the Executive’s termination of employment with the Company the Executive is a “specified employee” as defined in Section 409A Code and related Department of Treasury guidance and the deferral of the
commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company may defer the
commencement of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Executive) until the date that is six months following the Executive’s termination of employment with
the Company (or the earliest date as is permitted under Section 409A of the

 
Code) and (ii) if any other payments of money or other benefits due to the Executive hereunder could cause the application of an accelerated or additional tax under Section 409A of the
Code, the Company may (a) adopt such amendments to the Agreement, including amendments with retroactive effect, that the Company determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the
Agreement and/or (b) take such other actions as the Company determines necessary or appropriate to comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. The Company shall consult with the
Executive in good faith regarding the implementation of this Section14; provided that neither the Company nor any of its employees or representatives shall have any liability to the Executive with respect thereto. 
 Except as modified by this letter, the Employment Agreement shall remain in full force and effect in accordance with its terms. 
 If you agree to the foregoing, please countersign the enclosed counterpart of this letter in the appropriate space below and return the signed copy to the
undersigned. 
  

			
	STERLING JEWELERS INC.
		
	By:	 	/s/ Mark S. Light
	Name:	 	Mark S. Light
	Title:	 	President and CEO

  

	
	Accepted and agreed as of the first date written above.
	
	/s/ William Montalto
	William Montalto

  

 2

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