Document:

Exhibit 10.1 
    

    

    

    
      TERMINATION OF POST-EMPLOYMENT CONSULTING AGREEMENT

    

    
      THIS TERMINATION OF POST-EMPLOYMENT CONSULTING AGREEMENT (the
      “Termination Agreement”) is made and entered into as of this 20th day of
      April, 2008, by and between Jay R. Jacobs (the “Executive”) and
      Pier 1 Imports, Inc., a Delaware corporation (the “Company”).
    

    
      WITNESSETH:

    

    
      WHEREAS, the Company and Executive entered into that certain
      “Post–Employment Consulting Agreement” dated September 13, 1995, a copy
      of which is attached hereto as Exhibit A; and

    

    
      WHEREAS, the Company and Executive desire to terminate the
      Post-Employment Consulting Agreement; and

    

    
      WHEREAS, Executive and the Company have reached the mutual
      understandings and agreements embodied in this Termination Agreement;

    

    
      NOW, THEREFORE, for good and valuable consideration and in consideration
      of the mutual undertakings set forth herein, the receipt, adequacy and
      sufficiency of which are hereby acknowledged, the Company and Executive
      hereby agree as follows:

    

    
      I. Termination of the Post-Employment Consulting Agreement.
      Effective as of April 20, 2008, the parties hereby mutually agree to
      unconditionally terminate and extinguish the Post-Employment Consulting
      Agreement.

    

    
      II. Release. The Executive on behalf of himself and
      his agents, assigns, relatives, spouse and related persons hereby
      unconditionally compromises, releases and forever discharges, to the
      fullest extent permitted by law, the Company, its subsidiary and
      affiliated companies and entities and its and their employees, officers,
      directors, agents, parents, subsidiaries, affiliates and each of them
      from all manner of actions, proceedings, causes of action, claims,
      counterclaims, suits, debts, sums, monies, accounts, covenants,
      agreements, promises, damages, losses or demands (collectively,
      “Claims”) of whatever kind or nature, whether known or unknown, in law
      or in equity, which arise from the Post-Employment Consulting Agreement.
      The Company hereby unconditionally compromises, releases and forever
      discharges, to the fullest extent permitted by law, the Executive from
      all Claims of whatever kind or nature, whether known or unknown, in law
      or in equity, which arise from the Post-Employment Consulting Agreement.

    

    
      IN WITNESS WHEREOF, the Executive and the Company, by its duly
      authorized officer, have each placed their signatures below as of the
      day and year first above written.

    

    

    

    	
          
            PIER 1 IMPORTS, INC.:
          

        	
           
        	
          
            EXECUTIVE:
          

        
	

        	

        	
           
        
	
          
            By:
          

        	
          
             
          

        	

        	
          
             
          

        
	

        	
          Gregory S. Humenesky
        	

        	
          Jay R. Jacobs
        
	

        	
          Executive Vice President-Human Resources
        	

        	
          April ___, 2008
        
	

        	
          April ___, 2008Exhibit 10.2 
    

    

    

    
      TERMINATION OF POST-EMPLOYMENT CONSULTING AGREEMENT

    

    

    

    
      THIS TERMINATION OF POST-EMPLOYMENT CONSULTING AGREEMENT (the
      “Termination Agreement”) is made and entered into as of this 20th day of
      April, 2008, by and between Charles H. Turner (the “Executive”)
      and Pier 1 Imports, Inc., a Delaware corporation (the “Company”).

    

    
      WITNESSETH:

    

    
      WHEREAS, the Company and Executive entered into that certain
      “Post–Employment Consulting Agreement” dated September 19, 1994, a copy
      of which is attached hereto as Exhibit A; and

    

    
      WHEREAS, the Company and Executive desire to terminate the
      Post-Employment Consulting Agreement; and

    

    
      WHEREAS, Executive and the Company have reached the mutual
      understandings and agreements embodied in this Termination Agreement;

    

    
      NOW, THEREFORE, for good and valuable consideration and in consideration
      of the mutual undertakings set forth herein, the receipt, adequacy and
      sufficiency of which are hereby acknowledged, the Company and Executive
      hereby agree as follows:

    

    
      I. Termination of the Post-Employment Consulting Agreement.
      Effective as of April 20, 2008, the parties hereby mutually agree to
      unconditionally terminate and extinguish the Post-Employment Consulting
      Agreement.

    

    
      II. Release. The Executive on behalf of himself and
      his agents, assigns, relatives, spouse and related persons hereby
      unconditionally compromises, releases and forever discharges, to the
      fullest extent permitted by law, the Company, its subsidiary and
      affiliated companies and entities and its and their employees, officers,
      directors, agents, parents, subsidiaries, affiliates and each of them
      from all manner of actions, proceedings, causes of action, claims,
      counterclaims, suits, debts, sums, monies, accounts, covenants,
      agreements, promises, damages, losses or demands (collectively,
      “Claims”) of whatever kind or nature, whether known or unknown, in law
      or in equity, which arise from the Post-Employment Consulting Agreement.
      The Company hereby unconditionally compromises, releases and forever
      discharges, to the fullest extent permitted by law, the Executive from
      all Claims of whatever kind or nature, whether known or unknown, in law
      or in equity, which arise from the Post-Employment Consulting Agreement.

    

    
      IN WITNESS WHEREOF, the Executive and the Company, by its duly
      authorized officer, have each placed their signatures below as of the
      day and year first above written.

    

    

    

    	
          
            PIER 1 IMPORTS, INC.:
          

        	
           
        	
          
            EXECUTIVE:
          

        
	

        	

        	
           
        
	
          By:
        	
           
        	

        	
           
        
	

        	
          Gregory S. Humenesky
        	

        	
          Charles H. Turner
        
	

        	
          Executive Vice President-Human Resources
        	

        	
          April ___, 2008
        
	

        	
          April ___, 2008Exhibit 10.3 
    

    

    

    
      TERMINATION OF POST-EMPLOYMENT CONSULTING AGREEMENT

    

    

    

    
      THIS TERMINATION OF POST-EMPLOYMENT CONSULTING AGREEMENT (the
      “Termination Agreement”) is made and entered into as of this 20th day of
      April, 2008, by and between David A. Walker (the “Executive”) and
      Pier 1 Imports, Inc., a Delaware corporation (the “Company”).

    

    
      WITNESSETH:

    

    
      WHEREAS, the Company and Executive entered into that certain
      “Post–Employment Consulting Agreement” dated November 17, 1999, a copy
      of which is attached hereto as Exhibit A; and

    

    
      WHEREAS, the Company and Executive desire to terminate the
      Post-Employment Consulting Agreement; and

    

    
      WHEREAS, Executive and the Company have reached the mutual
      understandings and agreements embodied in this Termination Agreement;

    

    
      NOW, THEREFORE, for good and valuable consideration and in consideration
      of the mutual undertakings set forth herein, the receipt, adequacy and
      sufficiency of which are hereby acknowledged, the Company and Executive
      hereby agree as follows:

    

    
      I. Termination of the Post-Employment Consulting Agreement.
      Effective as of April 20, 2008, the parties hereby mutually agree to
      unconditionally terminate and extinguish the Post-Employment Consulting
      Agreement.

    

    
      II. Release. The Executive on behalf of himself and
      his agents, assigns, relatives, spouse and related persons hereby
      unconditionally compromises, releases and forever discharges, to the
      fullest extent permitted by law, the Company, its subsidiary and
      affiliated companies and entities and its and their employees, officers,
      directors, agents, parents, subsidiaries, affiliates and each of them
      from all manner of actions, proceedings, causes of action, claims,
      counterclaims, suits, debts, sums, monies, accounts, covenants,
      agreements, promises, damages, losses or demands (collectively,
      “Claims”) of whatever kind or nature, whether known or unknown, in law
      or in equity, which arise from the Post-Employment Consulting Agreement.
      The Company hereby unconditionally compromises, releases and forever
      discharges, to the fullest extent permitted by law, the Executive from
      all Claims of whatever kind or nature, whether known or unknown, in law
      or in equity, which arise from the Post-Employment Consulting Agreement.

    

    
      IN WITNESS WHEREOF, the Executive and the Company, by its duly
      authorized officer, have each placed their signatures below as of the
      day and year first above written.

    

    

    

    	
          
            PIER 1 IMPORTS, INC.:
          

        	
           
        	
          
            EXECUTIVE:
          

        
	

        	

        	
           
        
	
          By:
        	
           
        	

        	
           
        
	

        	
          Gregory S. Humenesky
        	

        	
          David A. Walker
        
	

        	
          Executive Vice President-Human Resources
        	

        	
          April ___, 2008
        
	

        	
          April ___, 2008

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