Document:

Offer Letter

 Exhibit 10.18 
 

 
 September 29, 2008 
 Sandra
Tillett 
 ______________________ 
 ______________________

 Dear Sandra: 
 In recognition of the
important contributions you have made, and we expect you will continue to make, to the success of Charlotte Russe Holding, Inc. and its subsidiaries (the “Company”), I am pleased to formalize in writing our commitment to you
concerning the terms of your employment as the Company’s Executive Vice President, Store Operations. This Agreement amends, restates and supersedes your prior offer letter with the Company dated April 7, 2008 (the “Prior Offer
Letter”) and shall be effective retroactively to August 1, 2008. 
 Duties. You will perform and discharge your
duties and responsibilities faithfully, diligently and to the best of your ability. You will devote substantially all of your working time and efforts to the business and affairs of the Company. You shall have such duties and responsibilities as are
consistent with the position of Executive Vice President, Store Operations and as required by the Company’s Chief Executive Officer or the Board of Directors of the Company (the “Board”). 
 Base Salary. Your base salary will be paid at the rate of $6,730.77 per week ($350,000 gross a year); paid bi-weekly with payroll. Annually
throughout your employment, your performance and salary will be reviewed. All payments under this paragraph or any other paragraph of this Agreement will be made in accordance with the regular payroll practices of the Company, reduced by applicable
federal and state withholdings. 
 Cash Incentive Bonus. Commencing with the Company’s 2008 fiscal year, you will
be eligible to receive an annual cash incentive bonus in accordance with the Company’s Executive Officer Compensation Program as in effect from time to time (the “Program”) and as determined by the Board or its Compensation Committee,
in its sole discretion, based upon your achievement and the Company’s achievement of annual performance goals established by the Board or its Compensation Committee at the beginning of each fiscal year. In order to receive any annual cash
incentive bonus, you must be actively employed at the completion of the Company’s applicable fiscal year and at the time the annual incentive bonus is paid out. All decisions by the Board or its Compensation Committee pertaining
to bonus eligibility and/or achievement are final. 
 Notwithstanding anything in the above paragraph, for the period from your start date
until the end of the Company’s 2008 fiscal year, the Company will guarantee you a minimum cash incentive bonus of $60,000 gross. In order to receive this guaranteed bonus, you must be actively employed by the Company at the completion of the
Company’s 2008 fiscal year and at the time that the bonus is paid out. 
 Equity Compensation. In connection with
the commencement of your employment with the Company, you received an option to purchase 10,000 shares of the Company’s Common Stock on the terms and conditions set forth in the Prior Offer Letter. Commencing with the Company’s 2009 fiscal
year, you will be eligible to receive additional annual equity compensation in accordance with the Program and as determined by the Board or its Compensation Committee, in its sole discretion. 
 Relocation Allowance. The Company has reimbursed, and will continue to reimburse, you for moving related expenses including moving company
charges, travel (air or auto), food, and lodging expenses related to the actual process of relocation not to exceed $25,000 incurred during the 24 months following your start date. In addition, pursuant to the Prior Offer Letter, the Company has
reimbursed you for costs related to the buy-out of your prior lease of your Manhattan apartment in the amount of $15,325. To the 

 
extent any of these relocation reimbursements were or are taxable to you, they will be “grossed up” accordingly at the end of the applicable
calendar year. In addition, pursuant to the Prior Offer Letter, the Company previously reimbursed you for costs related to temporary housing in San Diego for three months from your start date, subject to the terms and conditions of the Relocation
Agreement entered into between you and the Company (the “Relocation Agreement”). In the event that you voluntarily resign your employment within 24 months of your start date, all relocation reimbursements that have been paid to you or on
your behalf must be paid back to the Company. 
 Benefits. You will accrue three weeks of paid vacation per year, to be taken
at such times as you and the Company mutually agree upon. Any additional weeks of vacation earned per year will accrue according to Company policy. In addition, you will also accrue five health leave days per year. You will be eligible to
participate in all benefit and welfare plans made generally available to senior management executives of the Company, as in effect from time to time, subject to Company’s right to modify or terminate such plans or benefits at any time with
respect to employees of similar rank and title. 
 401K. Eligibility for enrollment occurs quarterly after one year of
continuous employment. As an additional benefit, the Company will match your contribution at the rate of 25% for up to 4% of your eligible pay. The Company match portion of this savings plan has a vesting schedule of 25% per employment year.

 Termination of Employment and Severance. You understand and agree that this Agreement is not meant to constitute a contract
of employment for a specific term, and consequently your employment will be “at-will”. What this means is that either you or the Company may terminate your employment at any time, without notice and with or without “Cause” (as
defined herein). If the Company terminates your employment for Cause, or you terminate your employment, the Company’s only obligation to you under this Agreement will be to continue to pay your base salary through the date of termination and
pay to you any unused earned vacation as of the last date of your employment. If, however, the Company terminates your employment for any reason other than for Cause, excluding your death or disability (defined as your inability to perform your
duties hereunder by reason of any physical or mental incapacity that results in your satisfaction of all requirements necessary to receive benefits under the Company’s long-term disability plan due to a total disability), the Company will
continue to pay your base salary for a period of 12 months following the effectiveness of the General Release (as defined below); provided that if you are a “specified employee” within the meaning of U.S. Internal Revenue Code
Section 409A (“Section 409A”) at the time your employment terminates, any payment that is not exempt from Section 409A but that would otherwise be payable within the six-month period beginning with your termination date shall be
paid on the first day of the month that follows the end of such six-month period. 
 There are certain conditions that must be met in order
for you to receive any severance payment under this Agreement. First, you must sign a general release agreement in favor of the Company and in a form reasonably acceptable to the Company (the “General Release”), within the applicable time
period set forth therein, but in no event more than 45 days following termination, and permit the release of claims contained therein to become effective in accordance with its terms. Second, you must abide by all terms of this Agreement. The
Company shall have the right to cease making any severance payment under this Agreement in the event you breach any provision of it. Third, any severance payment(s) made to you under this Agreement shall be offset by the amount of any income earned
by you following your termination and will cease altogether when you obtain a new position which pays you compensation equal to or higher than your rate of compensation as of the last date of your employment with the Company. You will not be
entitled to any fringe benefits following termination of employment, except as specifically provided in writing in the applicable benefit plan or policy. 
 For purposes of this Agreement, “Cause” means (i) willful breach of duty, gross neglect of duty, gross carelessness or gross misconduct in the performance of your duties; (ii) commission of a
felony or other crime involving moral turpitude; (iii) commission of any act of dishonesty involving the Company; (iv) the unauthorized disclosure of material privileged or confidential information related to the Company or its employees,
except as may be compelled by legal process or court order; (v) the commission of a willful act or omission which violates material Company policy, procedures or otherwise constitutes unethical or detrimental business conduct; (vi) alcohol
or controlled substance abuse that materially impacts the performance of your duties; or (vii) any other willful act or omission which, in the opinion of the Board has, or is reasonably likely to have, a material adverse impact upon the
Company; provided, however, that with respect to the first occurrence of any of the acts specified in clauses (i), (v), (vi) and (vii) above, you will have an opportunity to cure such act, violation or condition after receiving written
notice from the Company. The amount of time to cure such act, violation or condition shall be in the sole discretion of the Company. 

 Restricted Activities. During the term of your employment with the Company, you will not,
directly or indirectly, be connected as an officer, employee, board member, consultant, advisor, owner or otherwise (whether or not for compensation) with any business which competes with any business of the Company or its subsidiaries in any area
where such business is then being conducted or actively planned by the Company or a subsidiary. During the term of your employment with the Company, and for a period of two years thereafter, you will not, and you will not assist any other person or
entity to, hire or solicit the employment of any employees of the Company or any of its subsidiaries (or any person who in the prior six months was such an employee) or otherwise seek to induce any such employee to terminate his or her employment
with the Company or any of its subsidiaries. Other than in connection with the performance of your duties for the Company, you will not disclose to any person or entity any information obtained by you while in the employ of the Company, the
disclosure of which may be adverse to the interests of the Company, or use any such information to the detriment of the Company. You understand that your commitments in this paragraph are in exchange for the Company’s commitments to you in this
Agreement, and that the restrictions contained in the preceding two sentences apply after your employment terminates, regardless of the reason for such termination. 
 Miscellaneous. The headings in this Agreement are for convenience only and do not affect the meaning hereof. This Agreement (together with the Program and the Relocation Agreement) constitutes the entire
agreement between the Company and you, and supersedes any prior communications, agreements and understandings, whether written or oral, with respect to your employment and compensation and all matters pertaining thereto, including without limitation
the Prior Offer Letter. This Agreement shall be governed by and construed in accordance with the law of the State of California. Should any action or proceeding be brought to construe or enforce the terms and conditions of this Agreement, the losing
party will pay to the prevailing party all court costs and reasonable attorneys’ fees and costs incurred in such action or proceeding. Please also understand that by no means does the Company wish you to undertake any activities on behalf of
Charlotte Russe that would cause you to violate the terms of any noncompete agreement or any other obligation you may be under by virtue of your employment prior to the Company or otherwise, and you expressly agree that you shall not do so in
connection with your employment with the Company. 
 Disputes. Any dispute between the Company and you concerning the meaning
or interpretation of this Agreement, or any alleged breach thereof, shall be resolved in a binding arbitration to be conducted in San Diego, California before a single neutral arbitrator to be selected by the parties from a list of arbitrators
on the Employment Dispute Panel of the Judicial Arbitration and Mediation Service. Arbitration shall be initiated by the party desiring arbitration by serving written notice to the other party. Said arbitration shall be conducted no later than 120
days following the date of said written notice, absent the written agreement of the parties otherwise. The prevailing party in such an arbitration shall be entitled to costs of suit and attorneys’ fees, in addition to any award by the
arbitrator. 
 Partial Invalidity. If the application of any provision of this Agreement is held invalid or unenforceable, the
remaining provisions shall not be affected, but will continue to be given full force and in effect as if the part held invalid or unenforceable had not been included. 

 Acceptance. In accepting the terms and conditions reflected in this Agreement, you
represent that you have not relied on any agreement or representation, oral or written, express or implied, that is not set forth expressly in this Agreement. If this Agreement reflects your understanding, please sign and return a copy to me,
whereupon it shall become a binding agreement between the Company and you. 
  

									
	Very truly yours,	 		 	
			
	Charlotte Russe Holding, Inc.	 		 	
					
	By:	 	/s/ Leonard H. Mogil	 		 		 	
		 	Leonard H. Mogil	 		 		 	
		 	Chief Executive Officer	 		 		 	

  

					
	Accepted and Agreed To:	 		 	
			
	/s/ Sandra Tillett	 		 	September 29, 2008
	Sandra Tillett	 		 	DateEmployment Agreement dated December 3, 2008

 Exhibit 10.1 
 December 3, 2008 
 Mr. Gerald P. Quindlen 
  

	 	Re:	Employment Agreement 

 Dear Jerry: 
 This amended and restated letter agreement sets forth the terms of your employment with Logitech Inc., a California corporation (the
“Company”), as well as our understanding with respect to any termination of that employment relationship. Effective on the date set forth above, this letter agreement supersedes your offer letter dated January 28, 2008, in its
entirety. 
 1. Position and Duties. You will be employed by the Company as President and Chief Executive Officer and will serve in
the positions set forth on Exhibit A. In such positions, you will have the duties and authority at a level consistent with the duties and authority set forth on Exhibit A. You accept employment with the Company on the terms
and conditions set forth in this Agreement, and you agree to devote your full business time, energy and skill to your duties. 
 2. Term
of Employment. Your employment with the Company will continue for no specified term and may be terminated by you or the Company at any time, with or without cause, subject to the provisions of Paragraphs 4, 5 and 6 below. 

3. Compensation. You will be compensated for your services to the Company as follows: 
 (a) Salary: As determined by the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the
“Board”) of Logitech International S.A. (“Logitech”), you will be paid a bi-weekly salary of $30,288.46, payable every two weeks less applicable withholding (annualized this amount is $787,500), in accordance with normal payroll
procedures. Your salary will be reviewed by the Board or the Compensation Committee from time to time (but no more frequently than annually) and may be subject to adjustment based upon various factors including, but not limited to, your performance
and Logitech’s profitability. Any adjustment to your salary shall be in the sole discretion of the Board or the Compensation Committee. 
 (b) Incentive Bonus: As determined by the Compensation Committee, you will
be eligible to receive an annual bonus under the Logitech Management Performance Bonus Plan. Your bonus under this plan will be based upon Logitech’s achievement of various financial goals established and approved by the Board or the
Compensation Committee. The bonus target as a percentage of your salary under the bonus plan will be reviewed and approved by the Board or the Compensation Committee. Any bonus for a fiscal year will be paid within 2 1
/2 months after the close of that fiscal year. 

 Gerald P. Quindlen 
 December 3, 2008 
 Page 2 
  

 (c) Benefits: You will have the right, on the same basis as other employees of
the Company, to participate in and to receive benefits under any applicable medical, disability or other group insurance plans, as well as under the Company’s business expense reimbursement and other policies. You will accrue paid vacation in
accordance with the Company’s vacation policy. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. 
 4. Voluntary Termination. In the event that you voluntarily resign from your employment with the Company, or in the event that your employment
terminates as a result of your death or disability (meaning that you are unable to perform your duties for any 90 days in any one-year period as a result of a physical and/or mental impairment), you will be entitled to no compensation or benefits
from the Company other than those earned under Paragraph 3 through the date of your termination. You agree that if you voluntarily terminate your employment with the Company for any reason, you will provide the Company with 30 days’
written notice of your resignation. The Company may, in its sole discretion, elect to waive all or any part of such notice period and accept your resignation at an earlier date. 
 5. Other Termination. Your employment may be terminated under the circumstances set forth below. 
 (a) Termination for Cause: If your employment is terminated by the Company for cause as defined below, you shall be entitled to no
compensation or benefits from the Company other than those earned under Paragraph 3 through the date of your termination for cause. 
 For purposes of this Agreement, a termination “for cause” occurs if you are terminated for any of the following reasons: (i) theft, dishonesty, misconduct or falsification of any employment or Company
records; (ii) improper disclosure of the Company’s confidential or proprietary information; (iii) any action by you which has a material detrimental effect on the Company’s reputation or business; (iv) your failure or
inability to perform any assigned duties after written notice from the Company to you of, and a reasonable opportunity to cure, such failure or inability; (v) your conviction (including any plea of guilty or no contest) of a felony, or of any
other criminal act if that act impairs your ability to perform your duties under this Agreement or (vi) your failure to cooperate in good faith with a governmental or internal investigation of the Company or its directors, officers or
employees, if the Company has requested your cooperation. For purposes of this paragraph only, “Company” shall mean Logitech and its direct and indirect subsidiaries. 
 (b) Termination Without Cause: If a Separation occurs because your employment is terminated by the Company without cause (and not
as a result of your death or disability), and if you sign a general release of known and unknown claims in form satisfactory to the Company, you will receive severance payments equal to your current compensation, less applicable withholding, for
twelve months after the date of the Separation. Your current compensation shall mean the sum of your base salary plus your current annual targeted bonus amount. Severance payments representing base salary will be made periodically in accordance

 Gerald P. Quindlen 
 December 3, 2008 
 Page 3 
  

 
with the Company’s normal payroll schedule, and the severance payment representing the annual targeted bonus amount will be made in one lump sum at the
end of the twelve-month severance period, less applicable withholding. The Company will deliver the form of release to you within 30 days after your Separation. You must execute and return the release within the period set forth in the prescribed
form. The salary continuation payments will commence within 30 days after you return the release. During the twelve-month severance period, the Company will pay the premiums to continue your group health insurance coverage under COBRA if you are
eligible for COBRA and have elected continuation coverage under the applicable rules. However, the Company’s COBRA obligations shall immediately cease to the extent you become eligible for benefits from a subsequent employer. 
 For purposes of this Agreement, “Separation” means a “separation from service,” as defined in the regulations under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
 (c) Commencement of
Payments. For purposes of Section 409A of the Code, each salary continuation payment under Paragraph (b) above is hereby designated as a separate payment. If the Company determines that you are a “specified employee” under
Section 409A(a)(2)(B)(i) of the Code at the time of your Separation, then (i) the salary continuation payments under Paragraph (b) above, to the extent that they are subject to Section 409A of the Code, will commence during the
seventh month after your Separation and (ii) the installments that otherwise would have been paid during the first six months after your Separation will be paid in a lump sum when the salary continuation payments commence. 
 6. Change of Control Severance Agreement. In the event that any amounts become payable to you under the Change of Control Agreement dated
December 3, 2008, among you, the Company and Logitech or under any successor agreement, the aggregate amount of any amounts payable to you under Paragraph 5(b) of this Agreement will be reduced, but only to the extent necessary so as to
prevent the duplication of severance payments to you. 
 7. Confidential and Proprietary Information. As a condition of your
employment, you signed the Company’s standard form of employee confidentiality and assignment of inventions agreement, and this remains in effect. 
 8. Severability. If any provision of this Agreement is deemed invalid, illegal or unenforceable, such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and
enforceability of the remaining provisions of this Agreement shall not in any way be affected. 
 9. Assignment. In view of the
personal nature of the services to be performed under this Agreement by you, you cannot assign or transfer any of your obligations under this Agreement. 
 10. Entire Agreement. This Agreement and the agreements referred to above constitute the entire agreement between you and the Company regarding the terms and conditions of your employment, and they supersede
all prior negotiations, representations or agreements between you and the Company regarding your employment, whether written or oral. 

 Gerald P. Quindlen 
 December 3, 2008 
 Page 4 
  

 11. Modification. This Agreement may only be modified or amended by a supplemental written
agreement signed by you and an authorized representative of the Company. 
 Please sign and date this letter on the spaces provided below to
acknowledge your acceptance of the terms of this Agreement. 
  

			
	Logitech Inc.
		
	By:	 	/s/ Guerrino De Luca
	Guerrino De Luca
	Title:	 	Chairman of the Board

  

			
		
	By:	 	/s/ Catherine Valentine
	Catherine Valentine
	Title:	 	VP, General Counsel

 EMPLOYEE: 
  

	
	
	/s/ Gerald P. Quindlen
	Gerald P. Quindlen

 EXHIBIT A 
 Duties
and Authority 
  

	 	•	 	 President and Chief Executive Officer of the Company. 

  

	 	•	 	 President and Chief Executive Officer of Logitech, with primary responsibility for the supervision of Logitech’s investment in its subsidiaries.

  

	 	•	 	 Such other duties and responsibilities as may be determined from time to time by the Board.

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