Document:

EX-10.1

 Exhibit 10.1 

THE GYMBOREE CORPORATION 

500 Howard Street 

San Francisco, California 94105 

October 16, 2014 
 Dear Andy: 

I am pleased to offer you a position with The Gymboree Corporation (the “Company”), as Chief Financial Officer. If you decide to
accept this position, your annual salary will be $400,000 payable bi-weekly in accordance with the Company’s normal payroll procedures. Your targeted annual bonus payout is 50% of your base salary (pro-rated based on your time in position).

 The parent company of The Gymboree Corporation (Giraffe Holding, Inc.) maintains an equity incentive plan. Awards under the plan are
made at the discretion of the Board of Directors of Giraffe Holding, Inc. or its authorized delegate. You will be granted 50,000 stock options to vest over 5 years. Please note: stock option grants are subject to approval by the Board
of Directors. 
 The Company will also grant you a one-time relocation allowance in the amount of $100,000 (less applicable taxes) to be
paid at the end of the first pay period in January 2015. If you voluntarily terminate your employment with Gymboree within 12 months of your start date, or if you are separated for cause within such 12-month period, you must reimburse the Company
for all of the above mentioned expenses, pro-rated based on months’ in position, on or before your last day of employment with the Company. In addition, you will be required to sign a promissory note in exchange for any funds received. 

As an employee, you are also eligible to receive certain employee benefits including: medical, dental and vision insurance, long and
short-term disability coverage, 401(k) and 9 holidays. As a C-level employee you will not be eligible to accrue Flexible Time Off (FTO). You will be given a complete orientation of these and additional benefits on your first day. Your participation
in Gymboree’s insurance programs will begin on the first day of the first month following your start date. Please note: The premiums for health insurance coverage (medical, dental and visual) are paid in full by the Company. You
should also note that the Company may modify salaries and benefits from time to time, as it deems necessary. 
 The Company is excited about
your joining and looks forward to a beneficial relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for
any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least
two weeks’ notice. 
 The Company reserves the right to conduct background investigations and/or reference checks on all of its
potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and reference checks. 

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility
for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 

 We also ask that, if you have not previously done so, you disclose to the Company any and all
agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from
performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business
activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you
agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

As a Company employee, you will be expected to abide by company rules and standards. You will be specifically required to sign an
acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Gymboree Corporation Employee Handbook. As a condition of your employment, you will also be required to sign and
comply with an Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and
non-disclosure of proprietary information. 
 To indicate your acceptance of the Company’s offer, please sign and date this
letter in the space provided below. A duplicate original is enclosed for your records. If you accept our offer, your first day of employment will be November, 17 2014. 

This letter, along with any agreements relating to proprietary rights between you and the Company, set forth the terms of your employment with
the Company and supersede any prior representations or agreements, whether written or oral. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time,
the “at will” nature of your employment may only be changed in an express written agreement signed by the Chief Executive Officer and you. This opportunity will terminate if it is not accepted, signed and returned by Monday,
October 20, 2014. 
 Andy, we look forward to a favorable reply and to working with you at The Gymboree Corporation. 

Sincerely, 
  

			
	  
	 	
	Mark Breitbard	 	
	Chief Executive Officer	 	
		
	Agreed to and accepted:	 	
		
	Signature:	 	  

		
	Printed Name:	 	  

		
	Date:	 	  

		
	Start Date:	 	  

 Enclosures 

Duplicate Original Letter 

Employment, Confidential Information, Invention Assignment and Arbitration Agreement 

Gymboree Management Severance Plan 

Gymboree Management Severance Plan - Notice of ParticipationEX-10.2

 Exhibit 10.2 

THE GYMBOREE CORPORATION 

500 Howard Street 

San Francisco, California 94105 

October 14, 2014 
 Dear Ms. Clark, 

On behalf of the entire Board of Directors (the “Board”) of Giraffe Holding, Inc. (the “Company” and
together with the Affiliates (as defined below), the “Companies”), we would like to invite you to join the Board as a director. This letter summarizes certain of the terms and conditions related to such service. Please note that the offer
contained herein is conditioned upon and subject to successful completion of a background check. 
 I. Annual Retainer Fee.

 In consideration for your service as a member of the Board, you will receive a cash retainer fee of $60,000 for each fiscal year
of the Company, payable in arrears in four equal installments at the end of each fiscal quarter of the Company, subject to your continuing to serve on the Board through the end of each such fiscal quarter. 

II. Service on Boards of Company Affiliates. 

In addition to serving on the Board, you are also invited to serve on the boards of directors of The Gymboree Corporation, Giraffe Intermediate
A, Inc. and Giraffe Intermediate B, Inc. (the “Affiliates”). From time to time, you may be asked to serve on the board of directors (or a similar managing board) or a committee of such board of certain other entities affiliated with
the Company. You will not be entitled to any additional compensation for your service on the board of any Affiliate or of any such other board or any committee. 

III. Stock Option Grant 

In respect of your service on the Board, you will receive a one-time grant of 12,500 options to purchase units of the Company’s common
stock (with each unit consisting of nine shares of class A common stock and one share of class L common stock) on or promptly following the date of the first regularly scheduled board meeting you attend. The stock options will have a per unit
exercise price equal to the fair market value of a unit of Company’s common stock on the date of grant, and will vest over five years, subject to your continued service on the Board as of the applicable vesting date, and will be subject to such
other terms as are described in a definitive stock option agreement evidencing such grant. 

 IV. Directors’ Liability Insurance and Indemnification. 

The Company will provide you with customary directors’ liability insurance. In addition, the Company’s corporate documents include
customary director’s indemnification provisions and you will be offered a separate indemnification agreement from the Company. 

V. Expense Reimbursement. 

You will be eligible for reimbursement of reasonable travel and other expenses relating to your service on the Board and any committee of the
Board of each of the Companies pursuant to the terms of The Gymboree Corporation travel and expense reimbursement policy, as applicable and as amended from time to time. 

VI. Reelection to the Board; Term. 

You will be appointed to the Board to serve in accordance with the Company’s bylaws. Thereafter, you will be subject to reelection and may
be removed at any time, with or without cause, in accordance with the Company’s bylaws. Upon request by the Board, you agree that you will promptly resign from the boards of all entities and any committees of the board affiliated with the
Company. 
 VII. Other. 

The Board reserves the right to amend its compensation programs for directors from time to time in its sole discretion. 

If the terms of this Agreement are acceptable to you, please promptly sign, date and return it to the General Counsel of the Company. 

 

	
	THE GYMBOREE CORPORATION:
	
	  

	Mark Breitbard
	Chief Executive Officer
	
	Accepted and Agreed:
	
	  

	Maxine Clark
	
	October     , 2014

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