Document:

Offer Letter

 Exhibit 10.12 
 

 
 April 4, 2011 
 To: David Bogage 
 Dear Dave, 
 Congratulations! I am pleased to extend to you our offer to join Orchard Supply Hardware (“OSH” or “Company”) as Senior Vice President – Human Resources reporting to me. This
letter serves as confirmation of our offer. Some key elements of the offer are as follows: 
  

	 	•	 	 Your start date will be 04/11/2011. 

  

	 	•	 	 Base salary at an annual rate of $260,000, paid bi-weekly and in arrears, with periodic increases based on your performance.

  

	 	•	 	 One way we reward great company and individual performance is through our annual incentive plan. You will be eligible for an annual target incentive
opportunity of 50% of your base salary. Your award for fiscal year 2011 will be prorated based on your start date. Any incentive payable with respect to a fiscal year will be paid by April 15 of the following fiscal year, provided that you are
actively employed on the payment date. 

  

	 	•	 	 The Company shall recommend to the committee that administers the Company’s stock incentive plan that you be granted, as soon as approved by the
committee after your start date, three (3) separate grants of options to purchase a total of 8017 shares of the Company’s Class B common stock, subject to the terms of a Stock Option Agreement to be entered into between you and the
Company. 

  

	 	•	 	 We also understand how important it is to get away from work from time to time, so you are eligible to receive twenty-four (24) days of paid
vacation, which will be pro rated this year based on your actual start date. 

  

	 	•	 	 In order to assist you in your relocation, you are eligible for a relocation lump sum in the net amount (after taxes) of $80,000 (approximately
$125,000 gross), payable to you as soon as is feasible within 30 days after your actual start date. Should you voluntarily terminate your employment with the Company, you will be expected to repay all or a portion of the relocation-related payments
that have been made to you or on your behalf. The repayment schedule is as follows: 

  

	 	•	 	 Voluntarily leave within 12 months – 100% of expenses to be reimbursed to the Company 

 

	 	•	 	 Voluntarily leave within 13 – 24 months – 50% of expenses to be reimbursed to the Company 

 

	 	•	 	 OSH will provide reimbursement for one week of temporary living expenses and airfare for up to two (2) round trip tickets home during your first
30 days of employment. All travel is subject to standard OSH travel and reimbursement policies. 

  

	 	•	 	 In addition to the above, during the course of your employment, you will be entitled to participate in a variety of benefits available to salaried
associates, including medical, dental and long-term disability. Your benefits coverage will begin on your first day of employment 

 orchard supply hardware • 6450 via del oro • san jose, ca 95119 • 408 2813500 

 

 
  

	 	provided you enroll within your eligibility period. You will also be eligible to begin participation in the 401(k) savings plan on the first day of the third month following your
date of hire. The Company expects to continue its benefit programs, but reserves the right to modify, amend, or terminate any or all of the benefit programs at any time. 

 

	 	•	 	 You will be required to sign an Executive Severance Agreement. If your employment with OSH is terminated by OSH (other than for cause, death or total
and permanent disability) or by you for Good Reason (as such capitalized terms are defined in the Executive Service Agreement), you will receive six (6) months of pay continuation equal to your base salary at the time of termination, subject to
mitigation. Under the Executive Severance Agreement, you agree, among other things, not to solicit employees for a period of six (6) months of your termination and not to disclose confidential information. The non-solicitation and nondisclosure
provisions apply regardless of whether you fire eligible for severance benefits under this agreement, and the terms of this offer letter are conditioned upon your signing this agreement. 

This offer is made to you based on your representation to the Company that your acceptance of employment with the Company and your performing the
contemplated services does not and will not conflict with or result in any breach of default under any agreement, contract or arrangement which you are a party to or violate any other legal restriction. 

This offer also is contingent upon satisfactory completion of a background check, a drug test (to be taken within 48 hours from the time the drug test is
scheduled) and employment verification. On your first day of work, you must present documentation to establish your identity and employment eligibility to work in the United States. This documentation will be used to complete the legally required
I-9 for the United States Citizenship and Immigration Services. 
 Dave, we are looking forward to you joining our team. 1 am confident that you
will make an important contribution to the success of Orchard. Supply Hardware. Please confirm your acceptance of this offer by signing and returning this offer letter no later than April 8th, 2011 to Roger Smith in PDF format via email at
Rotigr.Smith@osh.com or via confidential fax at (408) 629-7174. If you need additional information or clarification, please call. 
  

	
	Sincerely,
	
	

	 Mark Baker
 President and
CEO
 Orchard Supply Hardware

  

									
					
	Accepted:	 	

	 		 	Date	 	4/5/11
		 	David Bogage	 		 		 	

  

	CC:	Roger Smith, Vice President, Real Estate, General Counsel and Secretary, Orchard Supply Hardware Jay Keith, Director – Human Resources, Orchard Supply Hardware

 orchard supply hardware • 6450 via del ORO • san Jose, ca 95119 • 408 2813500Offer Letter

 Exhibit 10.13 

 

			
	

	  	 Robert M. Lynch
 President
and CEO
 Orchard Supply Hardware
 6450
Via Del Oro
 San Jose, California 95119

 September 24, 2007 
 Roger L Smith 
 310 Fox Hunt Trail 
 Barrington, IL 60010 
 Dear Roger, 
 I am pleased to extend to you our revised offer to join Orchard Supply Hardware as Chief Legal Counsel, reporting to me. This letter serves as a confirmation of out offer. Some key elements of the offer
are as follows: 
  

	 	•	 	 Your start date will be October 28, 2007 unless we mutually agree otherwise 

 

	 	•	 	 Base salary at an annual rate of $255,000, paid bi-weekly and in arrears, with periodic increases based on your performance

  

	 	•	 	 You will be eligible for an annual incentive target opportunity of 40% of your annual base salary. Under our current incentive plan, the actual amount
of the incentive you earn may range from 0% to 200% depending on how well you and the company perform. Your award for still fiscal year 2007 will be prorated based on your start dale. In order to receive your incentive award, you must still be
actively employed with OSH at the time incentive awards are normally paid and provided you meet incentive eligibility requirements. 

  

	 	•	 	 The Company shall recommend to the committee that administers the Company’s stock incentive plan that you be granted, as soon as approved by the
committee after your start date, three (3) separate grants of options to purchase a total of 1368 shares (456 shares in each grant) of the Company’s Class B common stock, which shares (i) have exercise prices as determined appropriate
by the committee but in no case less than the fair market value as of the grant date, and (ii) will vest in five (5) equal annual installments from the date of grant, provided that you remain continuously employed by the Company through each
applicable vesting date. In addition, in order to exercise any of the options you would be required to become a party to the Company’s stockholder agreement. 

 

	 	•	 	 You are eligible to receive 4 weeks paid vacation and 4 paid personal days annually, which will be pro-rated this fiscal year based on your start date.
Added to this, you will qualify for six paid National Holidays each year. 

  

	 	•	 	 You are eligible for homeowner relocation assistance in accordance with the Company’s standard homeowner relocation policy. The Relocation
Benefits package will be sent to you from Prudential Relocation. To receive relocation assistance, you must sign the Relocation Repayment Agreement, which requires you to pay back to the company all or part of the assistance you receive in the event
that you voluntarily leave OSH within the time frames specified in the agreement. Please contact Sandy Whitehouse, Vice President-HR, at (408) 365-2698 if you have any questions regarding relocation assistance. 

 

	 	•	 	 ln addition to the above, during the course of your employment, you will continue to be entitled to participate in a variety of benefits available to
salaried associates at OSH, including medical, dental, and 401(k) savings plan. The company expects to continue the benefit plans, but reserves the right to modify, amend or terminate any or all of the plans at any time.

  

	 	•	 	 You will be asked to sign an Executive Severance Agreement. If you are involuntarily terminated from Sears for any reason other than cause, death,
total and permanent disability, retirement or good reason {as such terms are defined in the Executive Severance Agreement), you will receive six (6) months of pay continuation, equal to your base salary at the time of termination, reduced on a
dollar-for-dollar basis (but not below zero) to the 

 Roger Smith Offer letter_Revised, page I

	 	 
extent you earn fees, salary or wages from a subsequent employer (including those arising from self-employment) during the Salary Continuation Period. In consideration for these severance terms,
you agree not to disclose confidential information and not to solicit employees. The terms of this offer letter are conditioned upon your signing the Executive Severance Agreement 

 

	 	•	 	 As with all our associates, your employment with the company is “at will”, not for a specific term, and you or the company may terminate the
employment relationship at any time for any reason, with or without cause or notice. You should not regard this letter, or other statements, policies or representations, as a contract of employment 

This offer is contingent upon satisfactory completion of a background check. This offer is also made to you based on your representation to the Company
that your acceptance of employment with the Company and your performing the contemplated services does not and will not conflict with or result in any breach or default under any agreement, contract or arrangement which you are a party to or violate
any other legal restriction 
 We are looking forward to your joining us, I am sure you will make an important contribution to the success of
Orchard Supply Hardware. Please confirm your acceptance of this offer by signing and returning this offer letter no later than September 28, 2007 to Sandy Whitehouse in PDF format via email or via fax at (866) 254-4753. If you need
additional information or clarification, please call 
  

	
	Sincerely,
	
	

	 Robert M Lynch
 President
and CEO
 Orchard Supply Hardware

  

											
						
	Accepted:	 	

	 		 	Date	 	9/27/07	 	
		 	Roger L. Smith	 		 		 		 	

  

	cc:	Sandra C Whitehouse, Vice President-HR, Orchard Supply Hardware 

	    	Deena Davalos, Dircctor-HR Services, Orchard Supply Hardware 

 Roger Smith Offer Letter_Revised, page 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]