Document:

TRU.8.2.2014-Ex10.2

AMENDMENT NO. 2 TO THE
TOYS “R” US, INC.
2010 INCENTIVE PLAN
This Amendment No. 2 (this “Amendment”) to the Toys “R” Us, Inc. 2010 Incentive Plan, as previously amended effective as of November 14, 2013 (the “Plan”), shall become effective as of September 4, 2014.  Capitalized terms used but not otherwise defined in this Amendment shall have the meaning given to such terms in the Plan.

		
	1.
	The following definition of “2005 Plan” is added to the end of Section 2.1 of the Plan:

“(qq)  ‘2005 Plan’ means the Company’s Amended and Restated 2005 Management Equity Plan, as last amended on March 12, 2013.”

		
	2.
	The first sentence of Section 5.1 of the Plan is hereby deleted and replaced with the following:

“Subject to adjustment as provided in Sections 5.2 and 14.1, the aggregate number of Shares reserved and available for issuance pursuant to Awards granted under the Plan shall be equal to the sum of the below clauses (i) through (iii):

		
	(i)
	3,750,000 Shares; plus

		
	(ii)
	the number of Shares available for issuance under the 2005 Plan as of July 17, 2014; plus

		
	(iii)
	any Shares that, after July 17, 2014, would otherwise have reverted back to the 2005 Plan and again become available for issuance under the 2005 Plan pursuant to Section 3.2 thereof.”

		
	3.
	The following sentence is hereby added to the end of Section 3.2 of the Plan:

“The Plan will not in any way affect outstanding awards that were granted under the 2005 Plan and no new awards may be granted under the 2005 Plan as of July 17, 2014.”

		
	4.
	Continuing Force and Effect.  The Plan, as modified by the terms of this Amendment, shall continue in full force and effect from and after the date of the adoption of this Amendment set forth above.

I hereby certify that the foregoing Amendment was duly adopted by the Board of Directors of Toys “R” Us, Inc. as of July 17, 2014.

Executed on this 4th day of September, 2014.

/s/ David J. Schwartz        
David J. Schwartz    
Corporate SecretaryVRA-2014.08.02-EX10.3

Exhibit 10.3
May 21, 2014

Dear Angel,

I am pleased to offer you the position of Executive Vice President, Chief Marketing Officer at Vera Bradley, Inc. and its subsidiaries effective  as of July 21, 2014 reporting to the President  & Chief Executive Officer, with duties and responsibilities commensurate with such position. Your work location will be Ft. Wayne, Indiana. A detailed overview of the compensation and benefits associated with this offer follows. Please note that this offer is contingent upon the successful completion of your background check and pre­-employment drug screen. The offer will expire at noon on Thursday, May 22, 2014.

Upon acceptance of this offer, please sign a copy of this letter and return it to Julie North, Vice President, Human Resources. Please feel free to contact me should you have any questions regarding the offer details.

We are thrilled you are joining Vera Bradley!  Your experience, qualifications, and positive energy will be an excellent addition to our team!

Compensation
Your bi-weekly base salary will be $15,385 which equates to an annual base salary of $400,010.

You will be eligible for an Annual Incentive and a Long-term Incentive for Vera Bradley's fiscal year 2015. Your annual incentive for FY 2015 will be guaranteed at the target of $200,005. The fiscal 2015 Annual Incentive is anticipated to be paid on March 31,
2015. Thereafter, your target incentive under the Annual Incentive Plan will be set by the Compensation Committee.

Also in fiscal 2015, you will be eligible for a Long-Term Incentive, with a target grant of $240,006. Both the Annual Incentive and the Long-Term Incentive grants are subject to specific plan documents, which will be provided to you at your time of hire. These incentives are also described in further detail in the attached Total Rewards Summary.

As additional consideration, you will receive a cash hiring bonus of $300,000 which will be payable on March 31, 2015. You will also receive a one-time special equity grant of 30,000 time based restricted share units which will vest ratably over three years from the grant date. Should you be involuntarily terminated for any reason other than cause, any unpaid cash hiring bonus will be payable upon your exit and unvested time-based restricted shares, that are a part of the one-time special equity grant, will immediately vest upon your exit. Should you voluntarily resign prior to July 21, 2015, any paid cash hiring bonuses will require repayment and all unpaid cash hiring bonuses and unvested equity will be immediately forfeited.

Benefits
Listed below is information regarding our complete benefits package based on a tentative July 21, 2014 start date.  Further details
can be found in the attached Vera Bradley Employee Benefits Guide.
		
	•
	Nine (9) paid holidays annually 

		
	•
	25 days (200 hours) of paid managed time off (MTO) per calendar year. MTO provides for time away from work for any purpose.

		
	•
	Short-term disability insurance (one year waiting period)

		
	•
	Long-term disability insurance (one year waiting period)

		
	•
	Health/Dental insurance through Anthem. Vera Bradley pays a portion of both the employee and dependent premium 

after a 30 day waiting period
		
	•
	Life insurance coverage equal to one times your annual salary with a minimum of $50,000, and a maximum of $200,000 (30 day waiting period)

		
	•
	Section 125 Flexible Spending Plan (30 day waiting period). You can create a non-taxable account to pay 

non-reimbursable medical expenses and dependent care expenses.
		
	•
	A 401(k) Profit Sharing Plan (one year waiting period). Your eligibility date will be January, 2016.  

		
	•
	Ability to purchase on account, Vera Bradley product at discounted pricing

		
	•
	Participation in the Vera Bradley, Inc. 2014 Executive Severance Plan 

Angel, please note that this letter merely memorializes our offer to you and does not constitute a written employment contract for any specific term. Your employment with Vera Bradley will be on an "at will" basis, which means that either party may end the employment relationship at any time without notice, for any reason.

Sincerely,

Robert T. Wallstrom
President & Chief Executive Officer

Accepted by Angel Ilagan
	
					
	/s/ Angel Ilagan
	 
	5/21/2014
	 
	 

	Angel Ilagan
	 
	Date
	 
	 

Total Awards Summary
Angel Ilagan - EVP, Chief Marketing Officer

	
			
	Total Cash and Awards
	Value
	Details

	Annual Base Salary
	$400,010
	$15,385 paid bi-weekly

	Targeted Annual Cash Incentive - FY2015
	$200,005
	Target based on 50% of annual salary. The payout for FY2015 will be guaranteed at $200,005 and will be payable on the normal payout date anticipated in March 2015.

	Targeted Annual Long-Term Equity Incentive - FY2015
	$240,006
	Target based on 60% of annual salary (60% performance based restricted stock units, vesting after completion of 3 year performance cycle and the achievement of performance metrics; 40% time based restricted stock units, vesting ratably over three years)

	Total Direct Annual Compensation
	$840,021
	 

	
			
	Retirement and Employee Health & Welfare
	Value
	Details

	Company 401k match contributions
	$12,500
	Assumes participation at maximum IRS contribution of $17,500.  One year waiting period to participate in 401K.

	Company provided health and welfare benefits
	$18,200
	Estimated annual average contribution paid by Vera Bradley for employee's behalf for health, dental, life and AD&D coverages.  Assumes employee plus family medical and dental coverage elected.

	Estimated Annual Company Contributions of Retirement and Employee Health & Welfare Benefits
	$30,700
	 

	
			
	One-time Awards
	Value
	Details

	Cash hiring bonus payable on March 31, 2015
	$300,000
	$300,000 paid on March 31, 2015 subject to employment on the payout date. Payment will be accelerated if you are terminated involuntarily for any reason other than cause. If you voluntarily terminate your employment before July 21, 2015, repayment of the gross amount of this hiring bonus is required.

	30,000 Time-based restricted stock units
	$840,000
	The amount of the grant is fixed; for purposes of the value estimate only we have assumed a $28 stock price. Shares vest ratably over three years on the anniversary of your date of hire. Vesting will accelerate if you are terminated involuntarily for any reason other than cause. If you voluntarily terminate your employment at any time, all unvested portions of this grant will be immediately forfeited.

	One-Time Awards 
	$1,140,000
	 

	
			
	Additional Considerations
	Value
	Details

	Cash lump sum
	$12,000
	Cash lump sum to cover termination of Baltimore apartment lease (grossed up for tax purposes)

	Moving of Household Goods
	$10,000
	Pay directly costs associated with moving household and personal effects from Baltimore, MD to Fort Wayne, IN (non-taxable income)

	Home Purchase Assistance
	$50,000
	Assistance with purchase of new home in Fort Wayne, Indiana including customary closing costs, agent fees and other miscellaneous expenses provided relocation occurs on or before July 21, 2015 (taxable income)

	Severance
	 
	Eligible for participation in the Vera Bradley Severance Plan at such time as it is adopted by the Board of Directors (currently anticipated in May 2014)

	Estimated Total Value
	$72,000VRA-2014.08.02-EX10.4

Exhibit 10.4
AMENDMENT NO. 5 TO AMENDED AND RESTATED CREDIT AGREEMENT
This Amendment No. 5 to Amended and Restated Credit Agreement (this “Amendment”) is entered into as of September 9, 2014 by and among Vera Bradley Designs, Inc., an Indiana corporation (the “Borrower”), the Lenders party hereto and JPMorgan Chase Bank, N.A, individually and as administrative agent (the “Administrative Agent”).
RECITALS
A.    The Borrower, the Administrative Agent and the Lenders are party to that certain Amended and Restated Credit Agreement dated as of October 4, 2010 (as previously amended, restated, supplemented or otherwise modified, the “Credit Agreement”).  Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them by the Credit Agreement.
B.    The Borrower, the Lenders party hereto and the Administrative Agent wish to amend the Credit Agreement on the terms and conditions set forth below.
Now, therefore, in consideration of the mutual execution hereof and other good and valuable consideration, the parties hereto agree as follows:
1.    Amendments to Credit Agreement.  Upon the Fifth Amendment Effective Date (as defined below), the Credit Agreement shall be amended as follows:
(a)    Section 6.06 shall be amended and restated in its entirety to read as follows:
SECTION 6.06.  Restricted Payments.  The Borrower will not, and will not permit any of its Subsidiaries to, declare, pay or make, or agree to declare, pay or make, directly or indirectly, any Restricted Payment, except (a) the Borrower may declare and pay dividends with respect to its Equity Interests payable solely in additional shares of its common stock, (b) Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests, (c) so long as no Default exists or would result therefrom, the Borrower may declare and pay such dividends and distributions with respect to its Equity Interests so long as both before and after giving effect to such dividends and distributions, the Borrower’s Consolidated Net Worth plus the principal amount of the Subordinated Debt is at least $30,000,000 and (d) so long as no Default exists or would result therefrom, at any time prior to February 28, 2017, the Borrower may repurchase its Equity Interests for an aggregate amount not to exceed $40,000,000 pursuant to repurchase plans approved by the Borrower’s board of directors on or about September 8, 2014.

2.    Representations and Warranties of the Borrower.  The Borrower  represents and warrants that:   
(a)    The execution, delivery and performance by the Borrower of this Amendment have been duly authorized by all necessary corporate action and that this Amendment is a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except as the enforcement thereof may be subject to  the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally or by general principles of equity;
(b)    Each of the representations and warranties contained in the Credit Agreement (treating this Amendment as a Credit Document for purposes thereof) and the other Credit Documents is true and correct on and as of the date hereof (except to the extent that such representation or warranty expressly refers to an earlier date, in which case it shall be true and correct as of such earlier date); and
(c)    No Default has occurred and is continuing.
3.    Effective Date.  This Amendment shall become effective on the date (the “Fifth Amendment Effective Date”) on which the following conditions have been satisfied:
(a)    the execution and delivery hereof by the Borrower, the Required Lenders and the Administrative Agent; 

(b)    the execution and delivery by Holdings and each of the Subsidiary Guarantors of a Reaffirmation (the “Reaffirmation”) substantially in the form of Exhibit A hereto.
(c)    the Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Fifth Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out of pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement; and
(d)    the Administrative Agent shall have received such other certificates, resolutions, documents and agreements as the Administrative Agent may reasonably request.
4.    Reference to and Effect Upon the Credit Documents.
(a)    Except as specifically amended above, the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed.  This Amendment shall be deemed to be a Credit Document. 
(b)    The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent, the Collateral Agent or any Lender under the Credit Agreement or any Credit Document, nor constitute a waiver of any provision of the Credit Agreement or any Credit Document, except as specifically set forth herein.  Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby.
5.    Costs and Expenses.  The Borrower hereby affirms its obligation under Section 9.03 of the Credit Agreement to reimburse the Administrative Agent for all reasonable out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this Amendment, including but not limited to the reasonable fees, charges and disbursements of attorneys for the Administrative Agent with respect thereto.
6.    Governing Law.  This Amendment shall be construed in accordance with and governed by the law of the State of New York.  
7.    Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purposes.
8.    Counterparts.  This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original but all such counterparts shall constitute one and the same instrument.  Delivery of an executed signature page of this Amendment by facsimile transmission or electronic mail shall be effective as delivery of manually executed counterpart hereof.
[signature page follows]

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first above written.
	
					
	 
	 
	 
	 
	VERA BRADLEY DESIGNS, INC.

	 
	 
	 
	 
	/s/ Kevin J. Sierks

	 
	 
	 
	 
	Name: Kevin J. Sierks

	 
	 
	 
	 
	Title: CFO

	
					
	 
	 
	 
	 
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and a Lender

	 
	 
	 
	 
	/s/ Morgan K. Boudler

	 
	 
	 
	 
	Name: Morgan K. Boudler

	 
	 
	 
	 
	Title: Vice President

[Signature Page to Amendment No. 5 to Amended and Restated Credit Agreement]

	
					
	 
	 
	 
	 
	WELLS FARGO BANK, N.A., as a Lender

	 
	 
	 
	 
	/s/ Ashley Hughes

	 
	 
	 
	 
	Name: Ashley Hughes

	 
	 
	 
	 
	Title: Relationship Manager

	
					
	 
	 
	 
	 
	KeyBank National Association, as a Lender

	 
	 
	 
	 
	/s/ Marianne T. Meil

	 
	 
	 
	 
	Name: Marianne T. Meil

	 
	 
	 
	 
	Title: Senior Vice President

	
					
	 
	 
	 
	 
	PNC BANK, NATIONAL ASSOCIATION as a Lender

	 
	 
	 
	 
	/s/ Corinna Ladd

	 
	 
	 
	 
	Name: Corinna Ladd

	 
	 
	 
	 
	Title: Senior Vice President

	
					
	 
	 
	 
	 
	The Northern Trust Company, as a Lender

	 
	 
	 
	 
	/s/ Michael Fornal

	 
	 
	 
	 
	Name: Michael Fornal

	 
	 
	 
	 
	Title: Vice President

[Signature Page to Amendment No. 5 to Amended and Restated Credit Agreement]

EXHIBIT A
REAFFIRMATION 
Each of the undersigned (i) acknowledges receipt of a copy of Amendment No. 5 to Amended and Restated Credit Agreement (the “Amendment”), amending the Amended and Restated Credit Agreement dated as of October 4, 2010 (as previously amended, restated, supplemented or otherwise modified, the “Credit Agreement”), (ii) consents to the Amendment and each of the transactions referenced therein, and (iii) hereby reaffirms its obligations, as applicable, under the Subsidiary Guaranty dated as of November 26, 2008 and the Parent Guaranty dated as of October 4, 2010, each, in favor of JPMorgan Chase Bank, N.A., as Administrative Agent.   Capitalized terms used herein shall have the meanings ascribed to them by the Credit Agreement.
Dated as of September 9, 2014
	
					
	 
	 
	 
	 
	VERA BRADLEY, INC.

	 
	 
	 
	 
	/s/ Kevin J. Sierks

	 
	 
	 
	 
	Title: CFO

	
					
	 
	 
	 
	 
	VERA BRADLEY SALES, LLC

	 
	 
	 
	 
	/s/ Kevin J. Sierks

	 
	 
	 
	 
	Title: CFO

	
					
	 
	 
	 
	 
	VERA BRADLEY INTERNATIONAL, LLC

	 
	 
	 
	 
	/s/ Kevin J. Sierks

	 
	 
	 
	 
	Title: CFO

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