Document:

EX-10.23.1

 Exhibit 10.23.1 

AMENDMENT NO. 1 
 TO 
 EMPLOYMENT AGREEMENT 

This AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this “Amendment”) is made as of Oct. 16, 2012, by Burlington Coat Factory
Warehouse Corporation, a Delaware corporation (the “Company”) and Marc Katz (“Executive”). 

W I T N E S S E T H. 
 WHEREAS, the parties hereto entered into that certain Employment Agreement, dated as of June 26, 2008 (the “Employment Agreement”) (capitalized terms used and not otherwise defined
herein shall have the meanings given to such terms in the Employment Agreement); and 
 WHEREAS, the parties hereto desire to
amend the Employment Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Section 4(c) of the Employment Agreement is hereby amended by deleting the entire section thereof and replacing it with the following: 

“(c) Executive agrees that: (i) Executive shall be entitled to the payments and services provided for in Sections
4(b)(i)(3), 4(b)(i)(4), and 4(b)(i)(5), if any, if and only if Executive has executed and delivered the Release (and no longer subject to revocation, if applicable) attached as Exhibit A within sixty days following the date
of termination and Executive has not breached as of the date of termination of the Employment Period the provisions of Sections 5, 6 and 7 hereof and docs not breach such sections or such covenants at any time during the period
for which such payments or services are to be made; and (ii) the Company’s obligation to make such payments and services will terminate upon the occurrence of any such breach during such period.” 

2. Section 4(d) of the Employment Agreement is hereby amended by deleting the entire section thereof and replacing it with the
following: 
 “(d) Except as stated above, any payments pursuant to Section 4(b) shall be
paid by the Company in regular installments in accordance with the Company’s general payroll practices, and following such payments the Company shall have no further obligation to Executive pursuant to this Section 4 except as
provided by law; provided that to the extent that the payment of any amount constitutes “nonqualified deferred compensation” for purposes of Section 409A of the Code (as defined in subsection (g) hereof), any such
payment scheduled to occur during the first sixty (60) days following the termination of employment shall not be paid until the first regularly scheduled pay period following the sixtieth (60th) day following such termination and shall include payment of
any amount that was 

 
otherwise scheduled to be paid prior thereto. All amounts payable to Executive as compensation hereunder shall be subject to all customary withholding, payroll and other taxes. The Company shall
be entitled to deduct or withhold from any amounts payable to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes imposed with respect to Executive’s compensation or other payments or
Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity).” 

3. Section 21 is hereby added at the end thereof: 
 “21. Section 409A. The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Code and, accordingly, to the maximum extent
permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Section 409A of the Code or
damages for failing to comply with Section 409A of the Code. To the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation” for purposes of Code Section 409A,
(A) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the Executive, (B) any right to reimbursement or in-kind
benefits shall not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other taxable year. For purposes of Code Section 409A, the Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a
series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the
Company. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to
offset by any other amount unless otherwise permitted by Code Section 409A.” 
 4. Except as specifically set forth
herein, the Agreement and all of its terms and conditions remain in full force and effect, and the Agreement is hereby ratified and confirmed in all respects, except that on or after the date of this Amendment all references in the Agreement to
“this Agreement,” “hereto,” “hereof,” “hereunder,” or words of like import shall mean the Agreement as amended by this Amendment. 
 5. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and such counterpart together shall constitute one and the same instrument. 

  
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 6. This Amendment, including the validity, interpretation, construction and performance of
this Amendment, shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed in such State, without regard to such State’s conflicts of law principles. 

7. This Amendment shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the
parties hereto. The Agreement, as amended by this Amendment, embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating to the subject matter hereof. 

[remainder of page intentionally left blank; signature page follows] 

  
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 SIGNATURE PAGE TO AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT 

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

 

			
	BURLINGTON COAT FACTORY WAREHOUSE CORPORATION
		
	By:	 	

		 	  

	Name:	 	
	Title:	 	
	
	 

	  

	Marc Katz

  
 4EX-10.24.1

 Exhibit 10.24.1 

AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is made as of the 17th day of July 2007, by and between Burlington Coat Factory Warehouse Corporation, a Delaware corporation (the
“Company”), and Paul Tang (“Executive”). 
 WHEREAS, the Company and the Executive entered into an
EMPLOYMENT AGREEMENT dated as of April 12, 2006 (the “Employment Agreement”); and 
 WHEREAS, the Company and the
Executive desire to amend the Employment Agreement on the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in
consideration of the premises and the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties hereto agree as follows: 

1. Section 1, Definitions, of the Employment Agreement is hereby amended to add the following to the end of the definition of
“Good Reason”: 
 “; provided, however, no condition enumerated in the preceding shall be deemed to be
“Good Reason” unless within thirty (30) days of the initial existence of such condition, Executive shall have given the Company written notice thereof specifically describing the condition giving rise to “Good Reason” and
allowing the Company a period of at least thirty (30) days from the date of receipt of the notice to remedy such condition. Notwithstanding the foregoing, in no event will a condition give rise to “Good Reason” hereunder unless within
ten (10) days after the expiration of the period provided in the Executive’s notice for the Company to remedy said condition but in no event later than one hundred and twenty (120) days initial existence of said condition, Executive
shall have actually terminated his employment with the Company by giving written notice of resignation for failure of the Company to remedy such condition. 
 2. The following Subsection (g) is hereby added to the Section 4 of the Employment Agreement: 
 “(g) Notwithstanding anything herein to the contrary, if, at the time any payment is payable to Executive pursuant to the provisions of Section 4(b)(i) above as a result of Executive’s
“separation from service” (within the meaning of Section 409A of the Internal revenue Code of 1986, as amended (the “Code”) and the regulations promulgated thereunder, the Company or any company in the affiliate group in
which the Company’s financial statements are consolidated in accordance with generally accepted accounting principles has a class of equity securities traded on an established domestic or foreign securities market or otherwise including,

 
without limitation, trading on an American exchange only as American Depositary receipts (“ADR’S”) and Executive is designated a “specified person” (as such term is
defined in Section 409A of the Code and the regulations promulgated thereunder) on a list prepared by the Company periodically pursuant to Section 409A of the Code and the regulations promulgated thereunder, then during the six month
period from and after the date of Executive’s “separation from service” the amount payable to Executive pursuant to the provisions of Section 4(b)(i) of the Employment Agreement shall not exceed the lesser of (x) two times
Executive’s annual base compensation or (y) two times the amount determined pursuant to Section 401 (a)(17) of the Code, and any excess amount which accrues to Executive during such period shall be withheld during such period and paid
to Executive in a lump sum upon the expiration of six months after the date of “separation from service” (or , if earlier than the end of such six month period, upon Executive’s death). Any further amounts payable to Executive
pursuant to Section 4(b)(i) thereafter accruing shall be paid on their scheduled payment dates.” 
 3. Except as
modified or amended hereby or inconsistent herewith, the Employment Agreement is hereby confirmed and ratified. 
 IN WITNESS WHEREOF, the
parties have executed this Amendment on the day and year first above written. 
  

			
	BURLINGTON COAT FACTORY WAREHOUSE CORPORATION
		
	By:	 	 

		 	  

		 	Name:
		 	Title:
	
	EXECUTIVE
	
	

	  

	Name:	 	Paul Tang

  
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