Document:

EX-10.18

 Exhibit 10.18 

January 17, 2020 
 Brian Donato 

Delivered via email: [******] 
 Dear Brian: 

On behalf of Rent the Runway, Inc. (the “Company”), we are pleased to offer you the position of Chief Supply Chain Officer
reporting to me. This letter sets forth the terms and conditions of your employment and position. 
 COMPENSATION: Your salary will be $600,000
per year, paid in equal installments every 15th and last day of each month (or closest preceding business day), subject to tax and other withholdings as required by law. The annual cash compensation amount highlighted above will not decrease as long
as you are employed by the Company. In addition, if the Company were to terminate your employment prior to September 16, 2021 for any reason other than cause, you are guaranteed to be paid your full salary until September 16, 2021. 

SIGN ON BONUS: The Company will pay you a one-time Sign-on Bonus of $150,000.
This one-time bonus will be paid no later than the second pay period following your start date and is subject to all applicable payroll withholding taxes. If you resign from the Company or are terminated for
cause within eighteen months of your start date, you will be required to pay back the Company the full amount of the Sign-on Bonus. 

STOCK INCENTIVE PLAN: Subject to the approval of the Board of Directors of the Company, the Company may grant to you 300,000 restricted stock units
(the “RSUs”) under the Company’s 2019 Stock Incentive Plan (the “Plan”). The RSUs shall be subject to all terms, vesting schedules and other provisions set forth in the Plan and in a separate RSU agreement.
You may be eligible to receive such future equity grants as the Board of Directors of the Company shall deem appropriate. If Rent the Runway does not IPO in 2021, the Company will offer senior executives, including you, the option to sell a
percentage of their shares in the private markets in 2022. 
 BENEFITS: The Company offers a generous and comprehensive benefits package, including
vacation, health, disability, 401k and life insurance. You will be eligible to participate in a full range of benefits in accordance with the Company’s current eligibility requirements. Vacation is 20 business days, accrued on an annual basis
based on the Company’s fiscal year (February 1-January 31) and may not be carried over year to year. You are eligible to take accrued vacation days beginning after your first 90 days of
employment. 
 KEY EMPLOYMENT CONDITIONS: 
 You will be
required to execute an Invention and Non-Disclosure Agreement and a Non-Competition and Non-Solicitation Agreement in the forms
attached as Exhibit A and Exhibit B, as a condition of employment. 

 You represent that you are not bound by any employment contract, restrictive covenant or other restriction
preventing you from entering into employment with or carrying out your responsibilities for the Company, or which is in any way inconsistent with the terms of this letter. 

This letter is contingent upon the Company completing reference checks to its satisfaction. You may also be required to have a background check conducted on
your behalf. This may include confirmation of your Social Security number, verification of prior employment, verification of education, if applicable, and a criminal records check. If the results of the
pre-employment check are not satisfactory, the Company reserves the right to withdraw this offer or terminate employment. 

You agree to provide to the Company, within three days of your hire date, documentation of your eligibility to work in the United States, as required by the
Immigration Reform and Control Act of 1986. You may need to obtain a work visa in order to be eligible to work in the United States. If that is the case, your employment with the Company will be conditioned upon your obtaining a work visa in a
timely manner as determined by the Company. 
 RETURN OF COMPANY PROPERTY: 

Upon termination of employment, or at any other time the Company so requests, you must return to your manager all the Company property in your possession,
including but not limited to, keys, access cards, computers, phones, and the original and all copies of any written, recorded, or computer readable information about Company practices, procedures, trade secrets, or marketing associated with the
Company’s business. 
 AT-WILL EMPLOYMENT: 

This letter shall not be construed as an agreement, either expressed or implied, to employ you for any stated term, and shall in no way alter the
Company’s policy of employment at will, under which both you and the Company remain free to terminate the employment relationship, with or without cause, at any time, with or without notice. Similarly, nothing in this letter shall be construed
as an agreement, either express or implied, to pay you any compensation or grant you any benefit beyond the end of your employment with the Company. 
 If
you agree with the employment provisions of this letter, please sign the enclosed duplicate of this letter in the space provided below and return it to me by
January 17th, 2020. 

  
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 Signing and submitting the Agreement electronically by facsimile or as an imaged file will be deemed as
valid as if the parties physically signed a paper document. 
  

			
	Sincerely,
	Jennifer Hyman
	Chief Executive Officer
	
	The foregoing correctly sets forth the terms of my employment by Rent the Runway, Inc.

  

			
	Signed:	 	/s/ Brian Donato
	Date:	 	January 18, 2020
	
	Start Date with RTR: March 16, 2020

  
 3 

 INVENTION AND NON-DISCLOSURE AGREEMENT 

This Agreement is made by and between Rent the Runway, Inc., a Delaware corporation (hereinafter referred to collectively with its subsidiaries as the
“Company”), and Brian Donato (the “Employee”). 
 In consideration of the employment or the continued employment
of the Employee by the Company, the Company and the Employee agree as follows: 
 1. Condition of Employment. 

The Employee acknowledges that his/her employment and/or the continuance of that employment with the Company is contingent upon his/her
agreement to sign and adhere to the provisions of this Agreement. The Employee further acknowledges that the nature of the Company’s business is such that protection of its private, proprietary and confidential information is critical to the
business’ survival and success. 
 2. Sensitive and Confidential Information. 

(a) The Employee agrees that all information and know-how, whether or not in writing, of a private,
secret, proprietary or confidential nature concerning the Company’s business or financial affairs (collectively, “Confidential Information”), is and shall be the exclusive property of the Company. “Confidential Information”
is also defined to include any personal, business and private data relating to Jennifer Hyman, Jennifer Fleiss or the officers or executives of the Company (including officers or executives defined by members of the Company’s senior leadership
team and/or executive team) (Ms. Hyman and the officers and executives of the Company collectively being “Protected Persons”) or the friends and families of Protected Persons, and any other information relating to Protected Persons,
which is not generally known to the public or readily ascertainable by permissible means by others and which the Employee would not have learned but for the Employee’s employment with the Company. By way of illustration, but not limitation,
Confidential Information may include trade secrets, discoveries, inventions, products, product improvements, product enhancements, processes, methods, techniques, formulas, compositions, compounds, negotiation strategies and positions, projects,
developments, plans (including business and marketing plans), research data, clinical data, financial data (including sales costs, profits, pricing methods), employee data obtained from confidential personnel files, specialized training relating to
the Company’s business, computer programs (including software used pursuant to a license agreement), customer, prospect and supplier lists, contacts at or knowledge of customers or prospective customers of the Company, and information
concerning the Protected Persons’ personal and family relationships and activities. The Employee will not disclose any Confidential Information to any person or entity other than employees of the Company or use the same for any purposes (other
than in the legitimate performance of his/her duties as an employee of the Company) without written approval by an officer of the Company, either during or after his/her employment with the Company, unless and until such Confidential Information has
become generally known to the public without fault by the Employee. While employed by the Company, the Employee will use the Employee’s best efforts to prevent unauthorized publication or disclosure of any of the Company’s Confidential
Information. Confidential Information does not include information lawfully acquired by a non-management 

  
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employee about wages, hours or other terms and conditions of employment when used for purposes protected by §7 of the National Labor Relations Act (“NLRA”) such as joining or
forming a union, engaging in collective bargaining, or engaging in other concerted activity for mutual aid or protection of laborers. For purpose of clarity, it shall still be a violation of this Agreement for a
non-management employee to wrongfully compete by sharing Confidential Information with a competitor about other employees’ compensation and benefits which was obtained through the course of employment
with the Company for purposes of assisting such competitor in soliciting Company employees. 
 (b) The Employee agrees that all files,
documents, letters, memoranda, reports, records, data, sketches, drawings, models, notebooks, program listings, computer equipment or devices, computer programs, writings, photographs, texts, recordings, notes, voice mails, or other tangible or
intangible material containing Confidential Information, whether created by the Employee or others, which shall come into his/her custody or possession, shall be and are the exclusive property of the Company to be used by the Employee only in the
performance of his/her duties for the Company and shall not be copied or removed from the Company premises except in the pursuit of the business of the Company. 

(c) The Employee promises, covenants and agrees that, unless the Employee has prior written authorization from the Company, the Employee may
not disclose or allow disclosure of, or take any action likely to cause the disclosure of, any Confidential Information to any reporter, author, publisher, producer, media outlet or similar person or entity, or take any other action likely to result
in such information being made available to the general public in any form, including, without limitation, photographs, articles, books or writings of any other kind, as well as film, video, audio, podcast, blogs, magazine, digital, print, or
electronic recording, internet, or through any other medium. In addition, the Employee agrees that, without the Company’s express written approval, the Employee will not, directly or through the direction or control of others, (i) create,
write, produce, be the source of, contribute to, or participate in, any article, story, book, screenplay, theatrical production, movie, broadcast, radio or television show, commercial, or interview, “message board,” blog, podcast, tweet,
or social medial post, or any other content, communication, media or publicity of any kind (whether written, verbal or otherwise, and whether fiction or non-fiction), (ii) deliver a talk or lecture in any
media or medium, or (iii) grant any interview, in or during which the Employee discloses any Confidential Information or any other information regarding the Company, its business or operations, or the Protected Persons which is not generally
known to the public or readily ascertainable by permissible means and which the Employee would not have learned but for the Employee’s employment with the Company. The Employee further agrees that the Employee will not use or take any action
likely to result in the use of the name of the Company or the Protected Persons in connection with any form of publication to the general public in any form of media or medium. Notwithstanding the foregoing, nothing herein shall preclude the
Employee from disclosing non-confidential, non-proprietary information regarding the Employee’s employment with the Company, including disclosing information that
might ordinarily be contained in a resume or similar document or customarily required to be disclosed during the course of job searching or in a job interview. 

(d) The Employee agrees that his/her obligation not to disclose or to use information and materials of the types set forth in paragraphs 2(a),
2(b) and 2(c) above, and his/her obligation to return materials and tangible property, set forth in paragraph 2(b) above, also extends to such types of information, materials and tangible property of customers of the Company or suppliers to the
Company or other third parties who may have disclosed or entrusted the same to the Company or to the Employee in the course of the Company’s business. 

  
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 (e) The Employee will not, directly or through the direction or control of others,
participate in any disparagement of the Protected Persons. The Employee agrees to limit Employee’s discussions about the Protected Persons and their personal and business affairs only to those persons who have a need to know such information in
the ordinary course of the Employee’s duties, and to otherwise refrain from discussing the Protected Persons and their personal and business affairs with other persons. 

(f) The Employee will follow all Company policies regarding use of Company property, which is expressly understood to include all computers
and computerized devices (cell phones, tablet computers, or otherwise). The Employee is only authorized to access and use the Company’s computers, e-mail, or related computer systems to pursue matters
that are consistent with the Company’s business interests. Employee recognizes that access or use of such systems to pursue personal business interests apart from the Company, to engage in or prepare to engage in any conduct that would violate
this Agreement, or to otherwise intentionally harm the Company or the Protected Persons is unauthorized access, strictly prohibited, and may lead to civil and/or criminal penalties. Upon termination of employment or upon earlier request by the
Company, the Employee will (a) promptly return all items (and copies thereof) of Company property in Employee’s possession, custody or control, including all Confidential Information, laptop computers, cell phones, keys, pass-cards, and
similar items, to the Company; and (b) cooperate with the Company in taking steps to insure that no Confidential Information has been retained by the Employee in any form. After such delivery, the Employee shall not retain any Company property,
Confidential Information, or copies thereof. To facilitate the return and removal of Confidential Information, the Employee will make available to the Company for inspection any storage and social media accounts, and any personal storage devices
(such as computers, thumb drives, or cell phones), that have been used by the Employee in the course of employment or that Company otherwise has a reasonable grounds, in the exercise of its discretion, to believe may contain Confidential
Information. Where allowed by law, this process will include providing passwords or other authorization where necessary for the inspection. 

3. Developments.  
 (a)
The Employee will make full and prompt disclosure to the Company of all discoveries, inventions, improvements, enhancements, processes, methods, techniques, developments, software, and works of authorship, whether patentable or not, which are
created, made, conceived or reduced to practice by him/her or under his/her direction or jointly with others during his/her employment by the Company, whether or not during normal working hours or on the premises of the Company (all of which are
collectively referred to in this Agreement as “Developments”). 
 (b) The Employee agrees to assign and does hereby assign to the
Company (or any person or entity designated by the Company) all his/her right, title and interest in and to all Developments and all related patents, patent applications, copyrights and copyright applications. The Employee also hereby waives all
claims to moral rights in any Developments. 

  
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 (c) Paragraph 3(b) shall not apply to Developments which do not relate to the business
or research and development conducted or planned to be conducted by the Company at the time such Development is created, made, conceived or reduced to practice and which are made and conceived by the Employee not during normal working hours, not on
the Company’s premises and not using the Company’s tools, devices, equipment or Confidential Information. The Employee understands that, to the extent this Agreement shall be construed in accordance with the laws of any state which
precludes a requirement in an employee agreement to assign certain classes of inventions made by an employee, this paragraph 3(b) shall be interpreted not to apply to any invention which a court rules and/or the Company agrees falls within such
classes. The Employee hereby acknowledges that Employee has been notified of the following laws governing the assignment of inventions: Del. Code Title 19 § 805; Ill. 765 ILCS1060/1-3,
“Employees Patent Act”; N. C. Gen. Stat. Article 10A, Chp 66, Comm. & Bus., § 66-57.1; Minn. Stat. 13A § 181.78; Kan. Stat.
§ 44-130; Utah Code §34-39-1 —
34-39-3, “Employee Inventions Act”; Wash. Rev. Code, Title 49 RCW: Lab. Reg. Chpt. 49.44.140; for example, if Employee resides in California, the
assignment is limited to comply with Cal. Lab. Code § 2870 which provides: (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his
or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either:
(1) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or (2) Result from any work performed by the
employee for the employer. 
 (d) The Employee agrees to cooperate fully with the Company, both during and after his/her employment with the
Company, with respect to the procurement, maintenance and enforcement of copyrights, patents and other intellectual property rights (both in the United States and foreign countries) relating to Developments. The Employee shall sign all papers,
including, without limitation, copyright applications, patent applications, declarations, oaths, formal assignments, assignments of priority rights, and powers of attorney, which the Company may deem necessary or desirable in order to protect its
rights and interests in any Development. The Employee further agrees that if the Company is unable, after reasonable effort, to secure the signature of the Employee on any such papers, any executive officer of the Company shall be entitled to
execute any such papers as the agent and the attorney-in-fact of the Employee, and the Employee hereby irrevocably designates and appoints each executive officer of the
Company as his/her agent and attorney-in-fact to execute any such papers on his/her behalf, and to take any and all actions as the Company may deem necessary or
desirable in order to protect its rights and interests in any Development, under the conditions described in this sentence. 
 4. Other
Agreements. 
 The Employee represents that, except as the Employee has disclosed in writing to the Company, the Employee is not bound
by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of his/her employment with the Company, to refrain from competing,
directly or indirectly, with the business of such previous employer or any other party or to refrain from soliciting employees, customers or suppliers of such previous employer or other party. The Employee further represents that his/her performance
of all the terms of this Agreement and the 

  
 7 

 
performance of his/her duties as an employee of the Company do not and will not conflict with or breach any agreement with any prior employer or other party to which the Employee is a party
(including without limitation any nondisclosure or non-competition agreement), and that the Employee will not disclose to the Company or induce the Company to use any confidential or proprietary information or
material belonging to any previous employer or others. 
 5. United States Government Obligations. 

The Employee acknowledges that the Company from time to time may have agreements with other persons or with the United States Government, or
agencies thereof, which impose obligations or restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. The Employee agrees to be bound by all such
obligations and restrictions which are made known to the Employee and to take all action necessary to discharge the obligations of the Company under such agreements. 

6. Miscellaneous.  
 (a)
Equitable Remedies. The restrictions contained in this Agreement are necessary for the protection of the business and goodwill of the Company and are considered by the Employee to be reasonable for such purpose. The Employee agrees that any
breach of this Agreement is likely to cause the Company substantial and irrevocable damage which is difficult to measure. Therefore, in the event of any such breach or threatened breach, the Employee agrees that the Company, in addition to such
other remedies which may be available, shall have the right to obtain an injunction from a court or duly-appointed arbitrator restraining such a breach or threatened breach and the right to specific performance of the provisions of this Agreement
and the Employee hereby waives the adequacy of a remedy at law as a defense to such relief. 
 (b) Obligations to Third Parties. The
Employee acknowledges and represents that this agreement and the Employee’s employment with the Company will not violate any continuing obligation the Employee has to any former employer or other third party. 

(c) Disclosure of this Agreement. The Employee hereby authorizes the Company to notify others, including but not limited to customers
of the Company and any of the Employee’s future employers or prospective business associates, of the terms and existence of this Agreement and the Employee’s continuing obligations to the Company hereunder. 

(d) Not Employment Contract. The Employee acknowledges that this Agreement does not constitute a contract of employment, does not imply
that the Company will continue his/her employment for any period of time and does not change the at-will nature of his/her employment. 

(e) Successors and Assigns. The Employee expressly consents to be bound by the provisions of this Agreement for the benefit of the
Company or any successor, subsidiary or affiliate thereof by which the Employee may become employed or to which Employee may be transferred, including any corporation with which, or into which, the Company may be merged or which may succeed to the
Company’s assets or business, without the necessity that this Agreement be re-signed at the time of such transfer. The Company shall have the right to assign this Agreement at its sole election without
the need for further notice to or consent by Employee. The obligations of the Employee are personal and shall not be assigned by him or her. 

  
 8 

 (f) Modification and Severability. If any restriction set forth in this Agreement is
found by any court of competent jurisdiction or duly-appointed arbitrator to be unenforceable because it is overly broad, it shall be interpreted or modified to extend only over the maximum period of time, range of activities or geographic area as
to which it may be enforceable. In case any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, notwithstanding the foregoing modification provision, the validity, legality and enforceability of the remaining provisions
shall in no way be affected or impaired thereby. 
 (g) Waivers. No delay or omission by the Company in exercising any right under
this Agreement will operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion.

 (h) Dispute Resolution; Choice of Law. In the event that a dispute arises concerning the interpretation or enforcement of this
Agreement, any other matter arising out of this Agreement, such dispute shall be settled by binding arbitration before a single arbitrator in accordance with the Employment Arbitration Rules and Procedures of the Judicial Arbitration and Mediation
Service (“JAMS”). Except where either the Employee or the Company reasonably believes there is a need to seek immediate, preliminary, or temporary injunctive relief from a court, this arbitration remedy shall be exclusive. Employee and
Company agree that motions or applications seeking temporary restraining orders or preliminary or temporary injunctions may be heard in a court of law having jurisdiction over the parties and the dispute. In such instances, all matters of damages
and final injunctive relief shall be decided in arbitration. To invoke the arbitration remedy, the complaining party must give notice in writing, within the statute of limitations applicable to the controversy, to the other party and to JAMS of
his/her/its intention to arbitrate and must first submit the matter to a non-binding mediation before a mediator agreed upon by the parties. The arbitrator shall have the authority to grant the same remedies
that could be awarded by a court of competent jurisdiction. The arbitrator shall issue findings of fact and conclusions of law supporting the award. The arbitrator may award the prevailing party reasonable attorneys’ fees. Any arbitration shall
be held in New York City, New York, and this Agreement will in all respects be interpreted and governed under the laws of the State of New York and the American Arbitration Act.1 The prevailing party shall recover its reasonable costs of enforcement, including any reasonable arbitration fees incurred. 

(i) Entire Agreement; Amendment. This Agreement supersedes all prior agreements, written or oral, between the Employee and the Company
relating to the subject matter of this Agreement. This Agreement may not be modified, changed or discharged in whole or in part, except by an agreement in writing signed by the Employee and the Company or by order of a court of competent
jurisdiction or duly-appointed arbitrator. Nothing in this Agreement limits or reduces any common law or statutory duty that Employee owes to the Company, nor does this Agreement limit or eliminate any remedies available to the Company for a
violation of such duties. The Employee agrees that this Agreement shall survive the termination of Employee’s employment and likewise that any change or changes in his/her duties, salary or compensation after the signing of this Agreement shall
not affect the validity or scope of this Agreement. 
  

	1 	 If California law is deemed to apply, the New York choice of venue and choice of law provisions shall not
apply. 

  
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 (j) Protected Conduct. Nothing in this Agreement prohibits Employee from reporting an
event that Employee reasonably and in good faith believes is a violation of law to the relevant law-enforcement agency (such as the Securities and Exchange Commission or Department of Labor), requires notice
to or approval from the Company before doing so, or prohibits Employee from cooperating in an investigation conducted by such a government agency. This may include a disclosure of trade secret information provided that it must comply with the
restrictions in the Defend Trade Secrets Act of 2016 (DTSA). The DTSA provides that no individual will be held criminally or civilly liable under Federal or State trade secret law for the disclosure of a trade secret that: (i) is made in
confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and made solely for the purpose of reporting or investigating a suspected violation of law; or, (ii) is made in a complaint or other
document if such filing is under seal so that it is not made public. Also, an individual who pursues a lawsuit for retaliation by an employer for reporting a suspected violation of the law may disclose the trade secret to the attorney of the
individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal, and does not disclose the trade secret, except as permitted by court order. To the extent that
Employee is covered by Section 7 of the National Labor Relations Act (NLRA) because Employee is not in a supervisor or management role, nothing in this Agreement shall be construed to prohibit Employee from using information Employee acquires
regarding the wages, benefits, or other terms and conditions of employment at the Company for any purpose protected under the NLRA. Employee understands that under the NLRA, covered employees have a right to self-organization, to form, join, or
assist labor organizations, to bargain collectively through representatives of their own choosing, and to engage in other concerted activities for the purpose of collective bargaining or other mutual aid or protection, and to refrain from any or all
of such activities. 
 (k) Captions. The captions of the sections of this Agreement are for convenience of reference only and in
no way define, limit or affect the scope or substance of any section of this Agreement. 
 [Remainder of Page Intentionally Left Blank]

  
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 THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND
AGREES TO ALL OF THE PROVISIONS IN THIS AGREEMENT. 
 WITNESS our hands and seals: 

 

							
	Date: 1/17/2020	 		 	RENT THE RUNWAY, INC.
				
		 		 	By:	 	 /s/ Scarlett O’Sullivan

		 		 	Name:	 	Scarlett O’Sullivan
		 		 	Title:	 	Chief Financial Officer
			
	Date: January 18, 2020	 		 	EMPLOYEE
				
		 		 	By:	 	 /s/ Brian Donato

		 		 	Name:	 	Brian Donato

  
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 NON-COMPETITION AND
NON-SOLICITATION AGREEMENT 
 This Agreement is made between Rent the Runway, Inc., a Delaware
corporation (hereinafter referred to collectively with its subsidiaries as the “Company”), and Brian Donato (the “Employee”). 

For good consideration and in consideration of the employment or continued employment of the Employee by the Company, the Employee and the
Company agree as follows:2 
 1.
Non-Competition and Non-Solicitation. Employee acknowledges and agrees that, solely as a result of employment by the Company, and in light of the broad responsibilities
of such employment, Employee has and will come into contact with and acquire Confidential Information (defined below). Employee may also have access to customers and the ability to develop goodwill with them and/or be given specialized training
relating to the Company’s business. Accordingly, while the Employee is employed by the Company (regardless of any changes occurring after the date hereof to the job title or terms and conditions applicable to the Employee) and for a period of
one year after the termination or cessation of such employment for any reason, the Employee will not, directly or through the direction or control of others: 

(a) Engage, or assist others in engaging, in any Competing Business within the Territory. A “Competing Business” means any business
or enterprise that develops, manufactures, markets, licenses, sells or provides any product or service that competes with any product or service developed, manufactured, marketed, licensed, sold or provided, or actively planned to be developed,
manufactured, marketed, licensed, sold or provided, by the Company during the 12-month period prior to the termination or cessation of the Employee’s employment with the Company (or such shorter period of
time as Employee is employed)(the “Look Back Period”). By way of example only, the following companies and their related or associate entities are considered Competing Businesses: Nuuly, Urban Outfitters, Haverdash, Gwynnie Bee and
CaaStle. The foregoing Section 1(a) shall be limited to (i) performing services that are the same or similar in function or purpose to the services Employee provided to the Company during the Look Back Period or such other services that
are likely or probable to result in the use or disclosure of Confidential Information and/or (ii) being an investor, lender or owner (except as the holder of not more than 1% of the outstanding stock of a publicly-held company).
“Territory” means the geographic territory(ies) assigned to Employee by the Company during the Look Back Period (by state, county, or other recognized geographic boundary used in the Company’s business); and, if Employee has no such
specifically assigned geographic territory then: (i) those states and counties in which Employee participated in the Company’s business and/or about which Employee was provided access to Confidential Information during the Look Back
Period; and, (ii) the state and county where Employee resides. For the avoidance of doubt, the Company and Employee agree that if Employee is an individual having responsibilities and access to Confidential Information at a corporate level,
then “Territory” means the United States. Employee is responsible for seeking clarification from the Company’s Human Resources department if it is unclear to Employee at any time what the scope of the Territory is. State and county
references include equivalents; or 
  
  

	2 	 If Employee is an individual regularly working and residing in California or New York, Employee is directed to
Appendix A for important state-specific modifications concerning this Agreement. 

  
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 (b) Either alone or in association with others, solicit, divert or take away, or attempt to
divert or take away, the business or patronage of any of the clients, customers, or business partners of the Company which were contacted, solicited, or served by the Employee during the Look Back Period; or 

(c) Either alone or in association with others, solicit, induce or attempt to induce, either on the Employee’s own account or on behalf
of any person or entity, any non-clerical employee or independent contractor of the Company, with whom the Employee had personal contact or supervised while performing his or her job duties during the Look
Back Period, to terminate his or her employment or other engagement with the Company; provided that this clause shall not apply to the recruitment or hiring or other engagement of any individual whose employment or other engagement with the Company
has been terminated for a period of six months or longer. 
 Nothing herein is intended or to be construed as a prohibition against general
advertising such as “help wanted” ads that are not targeted at the Company’s employees. This Agreement is not intended to prohibit employment with a non-competitive independently operated
subsidiary, division, or unit of a family of companies that include a Competing Business, so long as the employing independently operated business unit is truly independent and Employee’s services to it do not otherwise violate this Agreement.
This provision also does not preclude conduct protected by Section 7 of the NLRA such as joining or forming a union, engaging in collective bargaining, or engaging in other concerted activity for mutual aid and protection. 

(d) Extension. If the Employee violates the provisions of any of the preceding paragraphs of this Section 1, the Employee shall continue
to be bound by the restrictions set forth in such paragraph until a period of one year has expired without any violation of such provisions, with such extension not to exceed a period of two years after the termination or cessation of the
Employee’s employment with the Company. 
 (e) Confidential Information. For purposes of this Agreement, “Confidential
Information” means all information and know-how, whether or not in writing, of a private, secret or confidential nature concerning the Company’s business or financial affairs, including, but not
limited to: discoveries, inventions, products, product improvements, product enhancements, processes, methods, techniques, formulas, compositions, compounds, negotiation strategies and positions, projects, developments, plans (including business and
marketing plans), research data, clinical data, financial data (including sales costs, profits, pricing methods), employee data obtained from confidential personnel files, specialized training regarding the Company’s business, computer programs
(including software used pursuant to a license agreement), customer, prospect and supplier lists, and contacts at or knowledge of customers or prospective customers of the Company. Confidential Information does not include information lawfully
acquired by a nonmanagement employee about wages, hours or other terms and conditions of employment when used for purposes protected by §7 of the National Labor Relations Act such as joining or forming a union, engaging in collective
bargaining, or engaging in other concerted activity for mutual aid or protection of laborers. For purpose of clarity, it shall still be a violation of this Agreement for a non-management employee to wrongfully
compete by sharing Confidential Information with a competitor about other employees’ compensation and benefits which was obtained through the course of employment with the Company for purposes of assisting such competitor in soliciting Company
employees. 

  
 13 

 (f) Notice and Discretionary Limited Waiver. If Employee wishes to pursue an employment
opportunity that would be a violation of the terms of this Agreement, but that Employee nevertheless believes does not pose a legitimate threat to the Company’s competitive interests, Employee is invited to provide notice to the Company of the
employment opportunity, furnish the Company with details (as requested by the Company) of the opportunity, and engage in a dialog with the Company about whether a one-time limited waiver of the non-competition provision in Section 1(a) and/or other provisions of this Agreement should be granted. The decision whether to grant a waiver under this Section 1(f) is solely within the Company’s
discretion. 
 2. Non-Disparagement and Non-Interference.
The Employee recognizes that the Company and its founders, owners, investors and stockholders have an on-going economic interest in the reputation and good will of the Company, its business, services and
products. Subject to Section 3(l), the Employee agrees: (a) not to interfere with that economic interest by disparaging or otherwise communicating to any person or entity negative statements about the Company or its founders, owners,
investors, stockholders, employees, advisors, business, products or services; and (b) not to interfere with or otherwise in any way or through any medium seek to harm or to profit at the expense of the Company’s business prospects or
reputation. 
 3. Miscellaneous. 

(a) Equitable Remedies. The Employee’s work for the Company will bring the Employee into close contact with many of the Company’s
customers, prospective customers, vendors, and Confidential Information (including trade secrets). The covenants contained in this Agreement are reasonable and necessary to protect the Company’s legitimate business interests and its customer,
prospective customer, and/or vendor relationships, and Confidential Information. The Employee agrees that any breach of this Agreement is likely to cause the Company substantial and irrevocable damage which is difficult to measure. Therefore, in the
event of any such breach or threatened breach, the Employee agrees that the Company, in addition to such other remedies which may be available, shall have the right to obtain an injunction from a court restraining such a breach or threatened breach
and the right to specific performance of the provisions of this Agreement and the Employee hereby waives the adequacy of a remedy at law as a defense to such relief. 

(b) Obligations to Third Parties. The Employee acknowledges and represents that this agreement and the Employee’s employment with the
Company will not violate any continuing obligation the Employee has to any former employer or other third party. 
 (c) Disclosure of this
Agreement. The Employee hereby authorizes the Company to notify others, including but not limited to customers of the Company and any of the Employee’s future employers or prospective business associates, of the terms and existence of this
Agreement and the Employee’s continuing obligations to the Company hereunder. 

  
 14 

 (d) Not an Employment Contract. The Employee acknowledges that this Agreement does not
constitute a contract of employment for a specific term, does not imply that the Company will continue his/her employment for any period of time and does not change the at-will nature of his/her employment.

 (e) Successors and Assigns. This Agreement, including the restrictions on Employee’s activities set forth herein, also apply to any
parent, subsidiary, affiliate, successor and assign of the Company to which Employee provides services or about which Employee receives Confidential Information. The Company shall have the right to assign this Agreement at its sole election without
the need for further notice to or consent by Employee. The obligations of the Employee are personal and shall not be assigned by him or her. The Employee expressly consents to be bound by the provisions of this Agreement for the benefit of the
Company or any subsidiary or affiliate thereof to whose employ the Employee may be transferred without the necessity that this Agreement be re-signed at the time of such transfer. 

(f) Interpretation. If any restriction set forth in Section 1 is found by any court of competent jurisdiction to be unenforceable because
it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted or modified to extend only over the maximum period of time, range of activities or geographic area as to
which it may be enforceable. 
 (g) Severability. In case any provision of this Agreement shall be invalid, illegal or otherwise
unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 
 (h)
Waivers. No delay or omission by the Company in exercising any right under this Agreement will operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion is effective only in that instance and will
not be construed as a bar to or waiver of any right on any other occasion. 
 (i) Dispute Resolution; Choice of Law. In the event that a
dispute arises concerning the interpretation or enforcement of this Agreement, or any matter arising out of this Agreement, such dispute shall be settled by binding arbitration before a single arbitrator in accordance with the Employment Arbitration
Rules and Procedures of the Judicial Arbitration and Mediation Service (“JAMS”). Except where either the Employee or the Company reasonably believes there is a need to seek immediate, preliminary, or temporary injunctive relief from a
court, this arbitration remedy shall be exclusive. Employee and Company agree that motions or applications seeking temporary restraining orders or preliminary or temporary injunctions may be heard in a court of law having jurisdiction over the
parties and the dispute. In such instances, all matters of damages and final injunctive relief shall be decided in arbitration. To invoke the arbitration remedy, the complaining party must give notice in writing, within the statute of limitations
applicable to the controversy, to the other party and to JAMS of his/her/its intention to arbitrate and must first submit the matter to a non-binding mediation before a mediator agreed upon by the parties. The
arbitrator shall have the authority to grant the same remedies that could be awarded by a court of competent jurisdiction. The arbitrator shall issue findings of fact and conclusions of law supporting the award. The arbitrator may award the
prevailing party reasonable attorneys’ fees. Any arbitration shall be held in New York City, New York, and this Agreement will in all respects be interpreted and governed under the laws of the State of New York and the American Arbitration Act.
The prevailing party shall recover its reasonable costs of enforcement, including any reasonable arbitration fees incurred. 

  
 15 

 (j) Entire Agreement; Amendment. This Agreement supersedes all prior agreements, written or
oral, between the Employee and the Company relating to the subject matter of this Agreement. This Agreement may not be modified, changed or discharged in whole or in part, except by an agreement in writing signed by the Employee and the Company or
by order of a court of competent jurisdiction or duly-appointed arbitrator. The Employee agrees that any change or changes in his/her duties, salary or compensation after the signing of this Agreement shall not affect the validity or scope of this
Agreement. Nothing in this Agreement limits or reduces any common law or statutory duty that Employee owes to the Company, nor does this Agreement limit or eliminate any remedies available to the Company for a violation of such duties. 

(k) Captions. The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect
the scope or substance of any section of this Agreement. 
 (l) Protected Conduct. Nothing in this Agreement prohibits Employee from
reporting an event that Employee reasonably and in good faith believes is a violation of law to the relevant law-enforcement agency (such as the Securities and Exchange Commission or Department of Labor),
requires notice to or approval from the Company before doing so, or prohibits Employee from cooperating in an investigation conducted by such a government agency. This may include a disclosure of trade secret information provided that it must comply
with the restrictions in the Defend Trade Secrets Act of 2016 (DTSA). The DTSA provides that no individual will be held criminally or civilly liable under Federal or State trade secret law for the disclosure of a trade secret that: (i) is made
in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and made solely for the purpose of reporting or investigating a suspected violation of law; or, (ii) is made in a complaint or
other document if such filing is under seal so that it is not made public. Also, an individual who pursues a lawsuit for retaliation by an employer for reporting a suspected violation of the law may disclose the trade secret to the attorney of the
individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal, and does not disclose the trade secret, except as permitted by court order. To the extent that
Employee is covered by Section 7 of the National Labor Relations Act (NLRA) because Employee is not in a supervisor or management role, nothing in this Agreement shall be construed to prohibit Employee from using information Employee acquires
regarding the wages, benefits, or other terms and conditions of employment at the Company for any purpose protected under the NLRA. Employee understands that under the NLRA, covered employees have a right to self-organization, to form, join, or
assist labor organizations, to bargain collectively through representatives of their own choosing, and to engage in other concerted activities for the purpose of collective bargaining or other mutual aid or protection, and to refrain from any or all
of such activities. 
 [Remainder of Page Intentionally Left Blank] 

  
 16 

 THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND
AGREES TO ALL OF THE PROVISIONS IN THIS AGREEMENT. 
 WITNESS our hands and seals: 

 

							
	Date: 1/17/2020	 		 	RENT THE RUNWAY, INC.
				
		 		 	By:	 	 /s/ S. O’Sullivan

		 		 	Name:	 	Scarlett O’Sullivan
		 		 	Title:	 	Chief Financial Officer
			
	Date: January 18, 2020	 		 	EMPLOYEE
				
		 		 	By:	 	 /s/ Brian Donato

		 		 	Name:	 	Brian Donato

  
 17 

 APPENDIX A-CALIFORNIA and NEW YORK 

California: 
 If California law is deemed to apply, then
the following applies to Employee: (a) the restrictions in Sections 1(a) and 1(c) shall not apply; (b) Section 1(b) shall be limited to situations where Employee is aided in his or her conduct by the use or disclosure of the
Company’s Confidential Information; and (c) the choice of law and choice of venue provisions in Section 3(l) shall not apply. 
 New York:

 If New York law is deemed to apply, then the following applies to Employee: Section 1(b) shall exclude those clients and/or customers who became
a client or customer of Company as a result of Employee’s independent contact and business development efforts with the client/customer prior to and independent from his/her employment with Company. 

345 Hudson Street, New York, NY 10014 

  
 18EX-10.19

 Exhibit 10.19 

RENT THE RUNWAY, INC. 

EXECUTIVE SEVERANCE PLAN 

Effective October 2021 
 1.
ESTABLISHMENT AND PURPOSE 
 The Rent the Runway, Inc. Executive
Severance Plan (the “Plan”) was established by the Board of Directors of Rent the Runway, Inc. (the “Board”), effective as of the date of closing of the initial public offering of Rent the Runway, Inc.
(the “Company”). The purpose of this Plan is to promote the interests of the Company and its stockholders by retaining certain executive-level employees through the provision of severance protections to such employees in the
event their employment is terminated under the circumstances described in this Plan. The Plan is intended to be, and shall be interpreted and construed as, an unfunded employee welfare benefit plan under Section 3(1) of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”) and Section 2520.104-24 of the regulations promulgated by the U.S. Department of Labor, maintained primarily for the benefit of a
select group of management or highly compensated employees (a “top-hat” plan). 
 2.
DEFINITIONS AND CONSTRUCTION 
 2.1
Definitions. Whenever used in this Plan, capitalized terms shall have the same meaning as set forth herein or in Appendix A. 

2.2 Construction. Captions and titles contained in this Plan are for convenience only and shall not affect the meaning or
interpretation of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the
context clearly requires otherwise. 
 3. PARTICIPATION 

The Participants are the executive-level employees of the Company Group who are designated by the Company to participate in this Plan from
time to time. Participants who are selected to participate in this Plan will be notified via a letter which shall include a copy of this Plan and an individual Appendix B and Appendix C which will set forth the Participant’s
specific compensation and benefit details in accordance with Section 4 and Section 5 hereof. The Company may designate employees to participate in the Plan by name, title, position, function, salary band, any other category deemed
appropriate by the Company, or any combination of the foregoing from time to time. The Participants currently include the CFO/COO Group, Executive Officer Group and Senior Leadership Team Group, which list may from time to time be amended by the
Committee. In addition, as a condition to participation in this Plan, each individual agrees to be bound by the terms and conditions of this Plan. 

 4. QUALIFYING TERMINATION OTHER
THAN DURING THE PROTECTION PERIOD 
 In the
event of a Participant’s Qualifying Termination, at any time other than during the Protection Period, the Participant shall be entitled to receive the compensation and benefits described in this Section 4. 

4.1 Accrued Obligations. The Participant shall be entitled to receive any accrued but unpaid annual base salary, unreimbursed business
expenses incurred in accordance with the Company Group’s policies, or other amounts earned or accrued through the Participant’s Qualifying Termination under the Company Group’s applicable health, welfare, retirement, or other similar
fringe benefit programs as required by their terms or by applicable law (the rights to such payments, the “Accrued Obligations”). For purposes of this Section 4.1, a Participant shall have the right to receive an annual
cash bonus with respect to the year prior to the year in which the Participant’s Qualifying Termination occurs only if such bonus has been “earned”, as determined by the Committee in its sole discretion, and is as yet unpaid. The
Accrued Obligations shall be payable on their respective scheduled payment dates in accordance with their terms. 
 4.2 Severance
Benefits. Provided that the Participant executes the Release prior to the applicable Release Deadline and such Release then becomes effective and irrevocable in accordance with its terms, subject to Section 16, and subject to the
Participant’s compliance with the Restrictive Covenant Agreements, the Participant shall be entitled to receive the following severance payments and benefits (the “Severance Benefits”): 

(a) Severance Payment. The Company shall pay the Participant an aggregate amount equal to the Participant’s Severance Payment
determined in accordance with the Participant’s Appendix B, payable in equal installments in accordance with the Company’s regular pay practices during the period beginning on such Qualifying Termination and ending at the end of the
applicable Severance Period (subject to Section 16.6). 
 (b) Prorated Bonus. The Company shall pay the Participant an amount
equal to the product of (i) the cash bonus with respect to the Company’s year in which the Participant’s Qualifying Termination occurs, calculated based on actual achievement of any applicable company performance goals or objectives
and any applicable individual performance goals or objectives at the end of the applicable bonus measurement period (the “Actual Bonus”), and (ii) a fraction, the numerator of which is the number of days that the
Participant was actively employed by the Company in such year, and the denominator of which is 365, in a lump-sum payment in the calendar year following the calendar year of such Qualifying Termination (the
“Prorated Bonus”), on the later of (i) the 61st day following the date of such Termination of Employment and (ii) the date payments under such plan are made with respect to such year to participants who remain
actively employed by the Company Group throughout the remainder of such year; provided that such Prorated Bonus shall be paid in the year following the year in which the Prorated Bonus was earned. 

 (c) COBRA Premiums. If such Participant timely and properly elects continuation
coverage under the Company’s group health plans (other than its health care flexible spending account) pursuant to COBRA, then the Company shall directly pay or, at its election, reimburse the Participant for COBRA premiums for the Participant
and the Participant’s covered eligible dependents (at the same benefit levels in effect on the Participant’s Qualifying Termination) (the “Benefits Continuation”) for the period commencing on such Qualifying
Termination and ending on the earliest of (i) the end of the month during which the Participant’s COBRA Period, determined in accordance with the Participant’s Appendix B, ends, (ii) the date such Participant is no longer
eligible for COBRA continuation coverage, and (iii) that date on which the Participant becomes eligible to receive group health plan coverage from another employer (such period, the “Benefits Continuation Period”). The
Participant must notify the Company immediately upon becoming eligible to receive group health plan coverage by means of subsequent employment. Notwithstanding the foregoing, (i) if any plan pursuant to which such benefits are provided is not,
or ceases prior to the expiration of the period of continuation coverage to be, exempt from the application of Section 409A of the Code (“Section 409A”) under Treasury Regulation Section 1.409A-1(a)(5), or (ii) the Company is otherwise unable to continue to cover the Participant under its group health plans without penalty under applicable law (including without limitation,
Section 2716 of the Public Health Service Act), then, in either case, an amount equal to each remaining Company reimbursement shall thereafter be paid to the Participant in substantially equal monthly installments over the Benefits Continuation
Period (or the remaining portion thereof). 
 5. QUALIFYING TERMINATION DURING
THE PROTECTION PERIOD 
 In the event of a Participant’s Qualifying Termination during
the Protection Period, the Participant shall be entitled to receive the compensation and benefits described in this Section 5. 
 5.1
Accrued Obligations. The Participant shall be entitled to receive the Accrued Obligations. 
 5.2 Severance Benefits. Provided
that the Participant executes the Release prior to the applicable Release Deadline and such Release then becomes effective and irrevocable in accordance with its terms, subject to Section 16, and subject to the Participant’s compliance
with the Restrictive Covenant Agreements, the Participant shall be entitled to receive the following severance payments and benefits (the “CIC Severance Benefits”): 

(a) CIC Severance Payment. The Company shall pay to the Participant in a lump sum cash payment in an amount equal to the
Participant’s CIC Severance Payment determined in accordance with the Participant’s Appendix C within thirty (30) days after the date of the Participant’s Qualifying Termination. 

(b) CIC Bonus. The Company shall pay the Participant an amount equal the product of the Bonus Multiplier set forth on the
Participant’s Appendix C multiplied by the greater of (x) the Actual Bonus or (y) the Participant’s target annual bonus for the year in which the Qualifying Termination Occurs (such bonus payable, the “CIC
Bonus”), which amount shall be payable on the later of (i) the 61st day following the date of such Qualifying Termination and (ii) the date payments under the applicable bonus plan are made with respect to such year to
participants who remain actively employed by the Company or any of its affiliates throughout the remainder of such year; provided that such CIC Bonus shall be paid in the year following the year in which the CIC Bonus was earned. 

 (c) COBRA Premiums. The Participant will be entitled to the Benefits Continuation,
as set forth in Section 4.2(c), for the period commencing on such Qualifying Termination of Employment and ending on the earliest of (i) the end of the month during which the Participant’s COBRA Period, determined in accordance with
the Participant’s Appendix C, ends, (ii) the date such Participant is no longer eligible for COBRA continuation coverage, and (iii) that date on which the Participant becomes eligible to receive group health plan coverage from
another employer (such period, the “CIC Benefits Continuation Period”). The Participant shall notify the Company immediately upon becoming eligible to receive group health plan coverage by means of subsequent employment.
Notwithstanding the foregoing, (i) if any plan pursuant to which such benefits are provided is not, or ceases prior to the expiration of the period of continuation coverage to be, exempt from the application of Code Section 409A under
Treasury Regulation Section 1.409A-1(a)(5), or (ii) the Company is otherwise unable to continue to cover the Participant under its group health plans without penalty under applicable law (including
without limitation, Section 2716 of the Public Health Service Act), then, in either case, an amount equal to each remaining Company reimbursement shall thereafter be paid to the Participant in substantially equal monthly installments over the
CIC Benefits Continuation Period (or the remaining portion thereof). 
 (d) Equity Acceleration. The Participant may be
entitled to accelerated vesting of Equity Awards that are outstanding as of the Participant’s Qualifying Termination to the extent provided in Participant’s Appendix C. 

6. QUALIFYING VOLUNTARY RESIGNATION 

In the event of a Participant’s Qualifying Voluntary Resignation, the Participant shall be entitled to receive the compensation and benefits described in
this Section 6. 
 6.1 Accrued Obligations. The Participant shall be entitled to receive the Accrued Obligations. 

6.2 Equity Acceleration. Provided that the Participant executes the Release prior to the applicable Release Deadline and such Release
then becomes effective and irrevocable in accordance with its terms, subject to Section 16, and subject to the Participant’s compliance with the Restrictive Covenant Agreements, the Participant will be entitled to the acceleration
of the vesting of that portion of any time-based vesting Equity Awards that are outstanding as of the Participant’s Qualifying Voluntary Resignation that would have vested during the next fiscal year quarter following the date of such
Qualifying Voluntary Resignation as if the Participant had remained employed with the Company Group through the end of such fiscal year quarter. 

7. TERMINATION OF EMPLOYMENT FOR CAUSE OR
WITHOUT GOOD REASON 
 In the event of a Participant’s Termination of
Employment by the Company for Cause or by Participant without Good Reason (that does not constitute a Qualifying Voluntary Resignation), the Participant shall be entitled to receive only the Accrued Obligations and shall not be entitled to any
severance compensation or benefits hereunder or otherwise. 
 8. FEDERAL EXCISE TAX
UNDER SECTION 4999 OF THE CODE 

Unless a written employment agreement between a Participant and a member of the Company Group in effect at the time of the Participant’s
Termination of Employment provides otherwise for the treatment of excess parachute payments under Section 280G of the Code: 

 8.1 Excess Parachute Payment. In the event that any payment or benefit received or to
be received by the Participant pursuant to this Plan or otherwise (collectively, the “Payments”) would subject the Participant to any excise tax pursuant to Section 4999 of the Code (the
“Excise Tax”) due to the characterization of such Payments as an excess parachute payment under Section 280G of the Code, then, notwithstanding the other provisions of this Plan, the amount of such Payments
will not exceed the amount which produces the greatest after-tax benefit to the Participant. For purposes of this Section 8.1, if the Payments must be reduced, then such Payments shall be reduced in such
manner (and in such order) as determined by the Company in good faith based on determinations of the 280G Advisor (as defined below) and such determination by the Company shall be final, binding and conclusive on the applicable Participant. 

8.2 Determination by 280G Advisor. Upon the occurrence of any event that would give rise to any Payments pursuant to this Plan (an
“Event”), the Company shall request a determination to be made in connection with the Event by a nationally recognized independent public accounting firm or other third party advisor with experienced in
performing calculations regarding the applicability of Section 280G of the Code and the Excise Tax selected by the Company (the “280G Advisor”) of the amount and type of such Payments which would produce
the greatest after-tax benefit to the Participant. For the purposes of such determination, the 280G Advisor may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. The Company and the Participant shall furnish to the 280G Advisor such information and documents as the 280G Advisor may reasonably request in order to make its required determination. The Company shall bear all fees and expenses
the 280G Advisor may reasonably charge in connection with their services contemplated by this Section. In the event that, following any payment of any Payments, it is determined that a greater reduction in the Payments than initially determined by
the 280G Advisor should have been made to implement the objectives and intent of this Section 8, the excess amount shall be returned immediately by the Participant to the Company. 

9. ENTIRE PLAN; RELATION TO OTHER AGREEMENTS.
Except as otherwise set forth herein or otherwise agreed to in writing between the Company Group and a Participant, the Plan contains the entire understanding of the parties relating to the subject matter hereof and supersedes any prior
agreement, arrangement and understanding between any Participant and the Company Group, with respect to the subject matter hereof. By participating in the Plan and accepting the Severance Benefits or CIC Severance Benefits, as applicable, hereunder,
the Participant acknowledges and agrees that any prior agreement, arrangement and understanding between any Participant, on the one hand, and the Company Group, on the other hand, with respect to the subject matter hereof is hereby superseded and
ineffective with respect to the Participant (including with respect to any severance arrangement contained in an employment agreement, employment letter agreement and/or similar agreement or arrangement by and between the Participant and any member
of the Company Group), except as otherwise agreed herein, including, for the avoidance of doubt. 

 10. ADMINISTRATION 

10.1 This Plan is administered by the Committee. The Committee, from time to time, may also appoint such individuals to act as the
Committee’s representatives as the Committee considers necessary or desirable for the effective administration of the Plan. 
 10.2 The
Committee, from time to time, may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are consistent with the terms of the Plan. 

10.3 In administering the Plan, the Committee (and its appointed representative) shall have the sole and absolute discretionary authority to
construe and interpret the provisions of the Plan (and any related or underlying documents or policies), to interpret applicable law, and make factual determinations thereunder, including the authority to determine the eligibility of employees and
the amount of benefits payable under the Plan. Any interpretation of this Plan and any decision on any matter within the discretion of the Committee made by the Committee in good faith is binding on all persons. Notwithstanding the discretion
granted to the Committee, if the Committee’s decision is challenged in a legal proceeding, the Committee’s interpretations and determinations will be reviewed under a preponderance of the evidence standard. 

10.4 The Committee (or its designated delegate) keeps records of this Plan and is responsible for the administration of this Plan. 

10.5 If, due to errors in drafting, any Plan provision does not accurately reflect its intended meaning, as demonstrated by consistent
interpretations or other evidence of intent, or as determined by the Committee in its sole and absolute discretion, the provision shall be considered ambiguous and shall be interpreted by the Committee in a fashion consistent with its intent, as
determined in the sole and absolute discretion of the Committee. 
 10.6 This Section may not be invoked by any employee, the Participant or
other person to require this Plan to be interpreted in a manner inconsistent with its interpretation by the Committee. 
 10.7 The Company
will pay all costs of administration, except as provided with respect to disputes below. 
 11. CLAIMS FOR
BENEFITS 
 11.1 ERISA Plan. This Plan is intended to be (a) an employee welfare plan as
defined in Section 3(1) of ERISA and (b) a “top-hat” plan maintained for the benefit of a select group of management or highly compensated employees of the Company Group. 

11.2 Application for Benefits. All applications for payments and/or benefits under the Plan
(“Benefits”) shall be submitted to the Committee with a copy to the Company’s General Counsel, at the addresses indicated in the “Contacts for Claims and Appeals” section of this Plan.
Applications for Benefits must be in writing on forms acceptable to the Committee and must be signed by the Participant, beneficiary or other person (the “Claimant”). A Claimant may authorize a representative to act on his or
her behalf with respect to any claim under the Plan. Claims for Benefits under the Plan shall be administered in accordance with Section 503 of ERISA and the Department of Labor regulations and guidance thereunder, subject to the temporary COVID-19 extension of deadlines described below. The Committee reserves the right to require the Claimant to furnish such other proof of the Claimant’s expenses, including without limitation, receipts, canceled
checks, bills, and invoices as may be required by the Committee. 

 11.3 Appeal of Denial of Claim. 

(a) If a Claimant’s claim for Benefits is denied, the Committee shall provide notice to the Claimant in writing of the denial within
ninety (90) days after its submission. The notice shall be written in a manner calculated to be understood by the Claimant and shall include: 

(1) The specific reason or reasons for the denial; 

(2) Specific references to the Plan provisions on which the denial is based; 

(3) A description of any additional material or information necessary for the Claimant to perfect the claim and an explanation of why such
material or information is necessary; and 
 (4) An explanation of the Plan’s claims review procedures and a statement of
claimant’s right to bring a civil action under ERISA Section 502(a), subject to the Plan’s arbitration provisions, following a final adverse benefit determination. 

(b) If special circumstances require an extension of time for processing the initial claim, a written notice of the extension, the reason
therefor, and the date by which the Committee expects to render a decision shall be furnished to the Claimant before the end of the initial ninety (90) day period. In no event shall such extension exceed ninety (90) days. 

(c) If a claim for Benefits is denied, the Claimant, at the Claimant’s sole expense, may submit a written appeal of the denial to the
Committee within sixty (60) days of the receipt of written notice of the denial, subject to the temporary COVID-19 extension of deadlines described below, at the address indicated in the “Contacts
for Claims and Appeals ” section of the Plan. In pursuing such appeal the Claimant: 
 (1) will be provided, upon request and without
charge, reasonable access to and copies of all documents, records and other information relevant to the Claimant’s claim for benefits; 

(2) may submit written comments, documents, records and other information relating to the claim; and 

(3) will receive a review that takes into account all comments, documents, records and other information submitted by the Claimant relating
to the appeal, without regard to whether such information was submitted or considered in the initial benefit determination. 

 (d) The Committee will conduct a full and fair review of the claim and the initial claim
denial. The decision on review shall be made within sixty (60) days of receipt of the request for review, unless special circumstances require an extension of time for processing, in which case a decision shall be rendered as soon as possible,
but not later than one hundred twenty (120) days after receipt of the request for review. If such an extension of time is required, written notice of the extension shall be furnished to the Claimant before the end of the original sixty
(60) day period and shall indicate the special circumstances requiring such extension of time and the date by which the Committee expects to render the decision on review. The decision on review shall be made in writing, shall be written in a
manner calculated to be understood by the Claimant, and, if the decision on review is a denial of the appealed claim for Benefits, shall include: 

(1) The specific reason or reasons for the denial; 

(2) Specific references to the Plan provisions on which the denial is based; 

(3) A statement that the Claimant is entitled to receive, upon request and without charge, reasonable access to, and copies of, all
documents, records and other information relevant to the claim for Benefits; and 
 (4) A statement of claimant’s right to bring a
civil action under ERISA Section 502(a), subject to the Plan’s arbitration provisions. 
 11.4 Temporary COVID-19 Extension of Deadlines. The Employee Benefits Security Administration, Department of Labor, Internal Revenue Service and Department of the Treasury (the “Agencies”) issued COVID-19-related relief to temporarily extend the deadlines to file ERISA claims and appeals. Under this relief, the period from March 1, 2020 until sixty
(60) days after the announced end of the national emergency (or such other date announced by the Agencies) will be disregarded in determining the deadlines for a Claimant to file claims and appeals under this Plan, provided, however, that no
more than one year will be disregarded in determining a given deadline.  
 11.5 Disputes Subject to Arbitration.
Any claim, dispute or controversy arising out of this Plan, the interpretation, validity or enforceability of this Plan or the alleged breach thereof shall be submitted by the parties to binding arbitration by the American Arbitration Association
(“AAA”) or as otherwise required by ERISA; provided, however, that (a) the arbitrator shall have no authority to make any ruling or judgment that would confer any rights with respect to trade secrets, confidential and
proprietary information or other intellectual property except as otherwise provided by the Restrictive Covenant Agreements; and (b) this arbitration provision shall not preclude the parties from seeking legal and equitable relief from any court
having jurisdiction with respect to any disputes or claims relating to or arising out of the misuse or misappropriation of intellectual property. Such arbitration shall be conducted in accordance with the then-existing AAA Employment Arbitration
Rules and Mediation Procedures. The rules can be found at https://www.adr.org/employment, or a copy will be provided upon request. Judgment may be entered on the award of the arbitrator in any court having jurisdiction. 

(a) Site of Arbitration. The site of the arbitration proceeding shall be in New York, New York or any other site mutually agreed to by
the Company and the Participant. 

 (b) Costs and Expenses Borne by Company. All costs and expenses of arbitration shall
be paid by the Company. Notwithstanding the foregoing, if the Participant initiates the arbitration, and the arbitrator finds that the Participant’s claims were totally without merit or frivolous, then the Participant shall be responsible for
the Participant’s own attorneys’ fees and costs. 
 11.6 If any judicial proceeding is undertaken to appeal or arbitrate the
denial of a claim or bring any other action under ERISA other than a breach of fiduciary duty claim, the evidence presented may be strictly limited to the evidence timely presented to the Committee. In addition, any such judicial proceeding must be
filed no later than two (2) years from the date of the final adverse benefit determination of an applicant’s appeal of the denial of his or her claim for benefits. Notwithstanding the foregoing, if the applicable, analogous state statute
of limitations has run or will run before the aforementioned two (2)-year period, the state’s statute of limitations shall be controlling. 

12. NO CONTRACT OF EMPLOYMENT 

Neither the establishment of the Plan, nor any amendment thereto, nor the payment of any benefits shall be construed as giving any person the
right to be retained by the Company, a Successor or any other member of the Company Group. Except as otherwise established in an employment agreement between the Company Group and a Participant, the employment relationship between the Participant
and the Company is an “at-will” relationship. Accordingly, either the Participant or the Company may terminate the relationship at any time, with or without Cause, and with or without notice except
as otherwise provided by Section 14. In addition, nothing in this Plan shall in any manner obligate any Successor or other member of the Company Group to offer employment to any Participant or to continue the employment of any Participant whom
it does hire for any specific duration of time. 
 13. SUCCESSORS AND
ASSIGNS 
 13.1 Successors of the Company. The Company shall require any Successor, expressly,
absolutely and unconditionally to assume and agree to perform this Plan in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. Failure of the Company to obtain
such agreement shall be a material breach of this Plan and shall entitle the Participant to resign for Good Reason and to receive the benefits provided under this Plan in the event of a Qualifying Termination during the Protection Period. 

13.2 Acknowledgment by Company. If, after a Change in Control, the Company fails to reasonably confirm that it has performed the
obligation described in Section 13.1 within thirty (30) days after written notice from the Participant, such failure shall be a material breach of this Plan and shall entitle the Participant to resign for Good Reason and to receive the
benefits provided under this Plan in the event of a Qualifying Termination during the Protection Period. 
 13.3 Heirs and
Representatives of Participant. This Plan shall inure to the benefit of and be enforceable by the Participant’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devises, legatees or other
beneficiaries. If the Participant should die while any amount would still be payable to the Participant hereunder (other than amounts which, by their terms, terminate upon the death of the Participant) if the Participant had continued to live, then
all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Plan to the executors, personal representatives or administrators of the Participant’s estate. 

 14. NOTICES 

14.1 General. For purposes of this Plan, notices and all other communications shall be in writing and shall be deemed to have been duly
given when personally delivered or when mailed by United States certified mail, return receipt requested, or by overnight courier, postage prepaid, as follows: 

 

			
	(a)	  	if to the Company:
		  	 Rent the Runway, Inc.

		  	 10 Jay Street

		  	 New York, NY 11201

		  	 Attention: General Counsel

 (b) if to the Participant, at the home address which the Company has its personnel records. 

Either party may provide the other with notices of change of address, which shall be effective upon receipt. 

14.2 Notice of Termination. Any termination by the Company of the Participant’s employment or any resignation by the Participant
shall be communicated by a notice of termination or resignation to the other party hereto given in accordance with Section 14.1. Such notice shall indicate the specific termination provision in this Plan relied upon, shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date. 

15. TERMINATION AND AMENDMENT OF PLAN 

The Plan may be terminated or amended by the Board or the Committee, in its sole discretion; provided, however, that,
notwithstanding the foregoing, the Plan may not be terminated or amended during the Protection Period without the consent of each Participant, and no termination or amendment of the Plan will affect any rights or obligations to provide payments or
benefits due or payable hereunder prior to such termination or amendment; and provided, further, that the Plan may not be amended at any time to substantially reduce payments or benefits due or payable hereunder to a Participant
without such Participant’s prior consent. 
 16. SECTION 409A 

16.1 General. The payments and benefits under the Plan are intended to comply with or be exempt from Section 409A and,
accordingly, to the maximum extent permitted, the Plan shall be interpreted to be in compliance with or exempt from Section 409A. If the Company determines that any particular provision of the Plan would cause a Participant to incur any tax or
interest under Section 409A, the Company may, but is not obligated to, take commercially 

 
reasonable efforts to reform such provision to the minimum extent reasonably appropriate to comply with or be exempt from Section 409A, provided that any such modifications shall not
increase the cost or liability to the Company. To the extent that any provision of the Plan is modified in order to comply with or be exempt from Section 409A, such modification shall be made in good faith and shall, to the maximum extent
reasonably possible, maintain the original intent and economic benefit to the Participants and the Company of the applicable provision without resulting in the imposition of a tax under Section 409A. Notwithstanding the foregoing, this
Section 16.1 does not create an obligation on the part of the Company to make any such modification or take any other action, and the Company does not guaranty or accept any liability for any tax consequences to the Participants under the Plan.

 16.2 Specified Employee. Notwithstanding anything to the contrary in the Plan, if the Company determines at the time of a
Participant’s Separation from Service that the Participant is a “specified employee” for purposes of Section 409A, then, to the extent delayed commencement of any portion of the benefits to which a Participant is entitled under
the Plan is required to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of the Participant’s benefits shall not be provided to the Participant before the earlier of (i) the expiration of the
six (6)-month period measured from the date of the Participant’s Separation from Service with the Company or (ii) the date of the Participant’s death. On the first business day following the expiration of the applicable delay, all
payments deferred pursuant to the preceding sentence shall be paid in a lump sum to the Participant (or the Participant’s estate or beneficiaries, if applicable), and any remaining payments due to the Participant under the Plan shall be paid as
otherwise provided herein. 
 16.3 Separation from Service. Notwithstanding anything to the contrary in the Plan, any compensation or
benefit payable under the Plan that constitutes “nonqualified deferred compensation” under Section 409A and is designated under the Plan as payable upon a Participant’s termination of employment with the Company shall be payable
only upon the Participant’s Separation from Service with the Company. 
 16.4 Expense Reimbursements. To the extent that any
reimbursements payable under the Plan are subject to Section 409A, any such reimbursements shall be paid to the Participant no later than December 31 of the year following the year in which the expense was incurred. The amount of expenses
reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and a Participant’s right to reimbursement under the Plan will not be subject to liquidation or exchange for another benefit. 

16.5 Installments. For purposes of applying the provisions of Section 409A to the Plan, each separately identified amount to which
a Participant is entitled under the Plan shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, the right to receive any installment payments under the Plan shall be treated as a right to receive a
series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Treasury Regulation
Section 1.409A-2(b)(2)(iii). Whenever a payment under the Plan 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. 

 16.6 Release. Notwithstanding anything to the contrary in the Plan, to the extent
that any payments due under the Plan as a result of a Participant’s Termination of Employment are subject to the Participant’s execution of the Release, (a) no such payments shall be made unless and until such Release has been so
executed and has become effective and irrevocable, and (b) any payments delayed pursuant to this Section 16.6 shall be paid in lump sum on the first payroll date following the Release becoming effective and irrevocable; provided
that, in any case where the Participant’s Termination of Employment and the Release Deadline fall in two (2) separate taxable years, any payments required to be made to the Participant that are conditioned on the Release and are treated as
nonqualified deferred compensation for purposes of Section 409A shall be made in the later taxable year. 
 17.
MISCELLANEOUS PROVISIONS 
 17.1 Compensation Recovery Policy. By virtue of
participation in this Plan, each Participant acknowledges and agrees that, to the extent the Company adopts any claw-back or similar policy pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, and any rules and
regulations promulgated thereunder, he or she shall take all action necessary or appropriate to comply with such policy (including, without limitation, entering into any further agreements, amendments or policies necessary or appropriate to
implement and/or enforce such policy with respect to past, present and future compensation, as appropriate). 
 17.2 Whistleblower
Protections and Trade Secrets. Notwithstanding anything to the contrary contained herein, nothing in this Plan prohibits any Participant from reporting possible violations of federal law or regulation to any United States governmental agency or
entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of state or
federal law or regulation (including the right to receive an award for information provided to any such government agencies). Furthermore, in accordance with 18 U.S.C. § 1833, notwithstanding anything to the contrary in this Agreement:
(i) a Participant shall not be in breach of this Agreement, and shall not be held criminally or civilly liable under any federal or state trade secret law (A) for the disclosure of a trade secret that is made in confidence to a federal,
state, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (B) for the disclosure of a trade secret that is made in a complaint or other document filed in a
lawsuit or other proceeding, if such filing is made under seal; and (ii) if the Participant files a lawsuit for retaliation by the Company for reporting a suspected violation of law, the Participant may disclose the trade secret to the
Participant’s attorney, and may use the trade secret information in the court proceeding, if the Participant files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. 

17.3 Unfunded Obligation. Any amounts payable to Participants pursuant to the Plan are unfunded obligations. The Company shall not be
required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust
investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Participant account shall not create or constitute a trust or fiduciary relationship between the
Board or the Company and a Participant, or otherwise create any vested or beneficial interest in any Participant or the Participant’s creditors in any assets of the Company. 

 17.4 No Duty to Mitigate; Obligations of Company. A Participant shall not be required
to mitigate the amount of any payment or benefit contemplated by this Plan by seeking employment with a new employer or otherwise, nor shall any such payment or benefit (except for benefits to the extent described in Sections 4.2(c), 5.2(c) and 8.2)
be reduced by any compensation or benefits that the Participant may receive from employment by another employer. Except as otherwise provided by this Plan, the obligations of the Company to make payments to the Participant and to make the
arrangements provided for herein are absolute and unconditional and may not be reduced by any circumstances, including without limitation any set-off, counterclaim, recoupment, defense or other right which the
Company may have against the Participant or any third party at any time. 
 17.5 No Representations. The Participant acknowledges
that in becoming a Participant in the Plan, the Participant is not relying and has not relied on any promise, representation or statement made by or on behalf of the Company which is not set forth in this Plan. 

17.6 Waiver. No waiver by the Participant or the Company of any breach of, or of any lack of compliance with, any condition or
provision of this Plan by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

17.7 Choice of Law. The Plan is a welfare plan subject to ERISA and it shall be interpreted, administered, and enforced in accordance
with that law. To the extent that state law is applicable the internal laws of the state of New York without regard to any conflict of laws provisions shall be controlling in all matters relating to this Plan. 

17.8 Validity. The invalidity or unenforceability of any provision of this Plan shall not affect the validity or enforceability of any
other provision of this Plan, which shall remain in full force and effect. 
 17.9 Benefits Not Assignable. Except as otherwise
provided herein or by law, no right or interest of any Participant under the Plan shall be assignable or transferable, in whole or in part, either directly or by operation of law or otherwise, including, without limitation, by execution, levy,
garnishment, attachment, pledge or in any other manner, and no attempted transfer or assignment thereof shall be effective. No right or interest of any Participant under the Plan shall be liable for, or subject to, any obligation or liability of
such Participant. 
 17.10 Tax Withholding. All payments made pursuant to this Plan will be subject to withholding of applicable
income and employment taxes. However, whether cash severance amounts are eligible compensation under the Company’s benefit plans will be determined by the terms of such plans. 

17.11 Information to be Furnished by Participants. Each Participant must furnish to the Company such documents, evidence, data or other
information as the Company considers necessary or desirable for the purpose of administering this Plan. Benefits under this Plan for each Participant are provided on the condition that the Participant furnishes full, true and complete data, evidence
or other information, and that the Participant will promptly sign any document related to the Plan, requested by the Company. 

 17.12 Consultation with Legal and Financial Advisors. The Participant acknowledges
that this Plan confers significant legal rights, and may also involve the waiver of rights under other agreements; that the Company has encouraged the Participant to consult with the Participant’s personal legal and financial advisors; and that
the Participant has had adequate time to consult with the Participant’s advisors. 

 CONTACTS FOR CLAIMS AND APPEALS 

 

			
	COMMITTEE:	  	Compensation Committee
		  	Rent the Runway, Inc.
		  	c/o Corporate Secretary
		  	10 Jay Street
		  	New York, NY 11201
		  	Attention: General Counsel
		  	[******]
		
	LEGAL PROCESS:	  	Legal process with respect to the Plan may be served upon the Committee (in its capacity as Plan administrator).
		
	GENERAL COUNSEL:	  	General Counsel
		  	Rent the Runway, Inc.
		  	10 Jay Street
		  	New York, NY 11201
		  	 [******]

 APPENDIX A 

Definitions 
 Whenever
used in this Plan, the following terms shall have the meanings set forth below: 
 (a) “Base Salary
Rate” means the Participant’s annual base salary rate in effect immediately prior to the Participant’s Termination of Employment. 

(b) “Bonus Multiplier” means the factor used to determine a Participant’s CIC Bonus, as set forth on the
Participant’s Appendix C attached hereto. 
 (c) “Cause” has the meaning set forth in a
written employment agreement between the Participant and any member of the Company Group in effect at the applicable time, if any, or, if the Participant is not at the time party to an effective employment agreement with a “Cause”
definition, then “Cause” means any of the following: (i) conviction of, or the entry of a pleading of guilty to, a felony involving moral turpitude, other than (1) a traffic or driving violation (excluding felony driving under
the influence), or (2) relating to domestic violence; (ii) intentional and material failure after written notice to perform reasonably assigned duties for the Company Group, which failure is not cured within 30 days of written notice
and which failure has had, or could reasonably be expected to have, a material adverse effect on any member of the Company Group; (iii) engaging in willful and material misconduct directed at any member of the Company Group, which misconduct
has had a material adverse effect on any member of the Company Group; or (iv) a willful breach of any material provision of any written covenant or agreement with any member of the Company Group which, if curable, is not cured within 30 days of
written notice and which breach has had, or could reasonably be expected to have, a material adverse effect on any member of the Company Group. 

(d) “CFO/COO Group” includes the Chief Financial Officer and the Chief Operating Officer of the Company. 

(e) “Change in Control” has the meaning given in the Company’s 2021 Incentive Award Plan, as may be
amended from time to time, or any successor plan thereto. 
 (f) “CIC Severance Payment” means, with respect to any
Participant, a payment that is determined in accordance with the Participant’s Appendix C attached hereto. 
 (g)
“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and the regulations promulgated thereunder.  

(h) “COBRA Period” means the number of months during which the Participant is entitled to the Benefits Continuation,
determined in accordance with the Participant’s Appendix B or Appendix C attached hereto, as applicable. 
 (i)
“Code” means the Internal Revenue Code of 1986, as amended, or any successor thereto and any applicable regulations (including proposed or temporary regulations) and other Internal Revenue Service guidance
promulgated thereunder. 

 (j) “Committee” means the Compensation Committee of
the Board; provided that, if any Committee member must recuse themselves with respect to a claim, the Company’s Chief Executive Officer shall serve as the alternate member. 

(k) “Company” means Rent the Runway, Inc., and, following a Change in Control, a Successor that agrees to
assume all of the terms and provisions of this Plan or a Successor which otherwise becomes bound by operation of law to this Plan. 
 (l)
“Company Group” means the group consisting of the Company and each present or future parent and subsidiary corporation or other business entity thereof. 

(m) “Equity Award” means a Company equity-based award granted under any equity-based incentive plan of
the Company, including, but not limited to, the Company’s 2021 Incentive Award Plan, as may be amended from time to time. 
 (n)
“Executive Officer Group” includes the employees of the Company designated as “executives” by the Company in its sole discretion (and communicated to the employee), other than the Company’s Chief Executive
Officer, Chief Financial Officer and Chief Operating Officer. 
 (o) “Good Reason” means the occurrence
of any of the following conditions without the Participant’s consent unless the Company fully corrects the circumstances constituting Good Reason on or prior to the applicable cure period noted below: 

(1) a material diminution in the Participant’s position, authority, duties or responsibilities, excluding for this purpose any isolated,
insubstantial or inadvertent actions not taken in bad faith and which are remedied by the Company promptly after receipt of notice thereof given by the Participant; or 

(2) a 10% or greater reduction in the Participant’s base salary as then in effect (other than in connection with across-the-board base salary reductions of all or substantially all similarly situated employees of the Company); or 

(3) a change in the geographic location of the Participant’s principal workplace of more than fifty (50) miles from such principal
workplace. 
 The Participant will not be deemed to have resigned for Good Reason unless (1) the Participant provides the Company with written notice
setting forth in reasonable detail the facts and circumstances claimed by the Participant to constitute Good Reason within thirty (30) days after the date of the occurrence of any event that the Participant knows or should reasonably have known
to constitute Good Reason, (2) the Company fails to cure such acts or omissions within thirty (30) days following its receipt of such notice, and (3) the effective date of the Participant’s Termination of Employment for Good
Reason occurs no later than thirty (30) days after the expiration of the Company’s cure period. 
 (p)
“Participant” means the individuals selected to participate in the Plan in accordance with Section 3 hereof. The current Participants include the CFO/COO Group, Executive Officer Group and Senior Leadership
Team Group. 

 (q) “Protection Period” means the period beginning three
(3) months prior to the date of the consummation of the Change in Control and ending on the twelve (12)-month anniversary of such Change in Control. 

(r) “Qualifying Voluntary Resignation” means a voluntary resignation by the Participant other than for Good Reason of
which the Participant gives the Company three (3) months or more advance notice in accordance with Section 14.2. 
 (s)
“Qualifying Termination” means a Termination of Employment: (i) with respect to the CFO/COO Group, regardless of whether the Termination of Employment occurs outside of or during the Protection Period, by the Company
without Cause or by the Participant for Good Reason; (ii) with respect to the Executive Officer Group, (A) if the Termination of Employment occurs other than during the Protection Period, by the Company without Cause, or (B) if the
Termination of Employment occurs during the Protection Period, by the Company without Cause or by the Participant for Good Reason; and (iii) with respect to the Senior Leadership Team Group, regardless of whether the Termination of Employment
occurs outside of or during the Protection Period, by the Company without Cause. 
 (t) “Release” means
a general release of all known and unknown claims against the Company and its affiliates and their stockholders, directors, officers, employees, agents, successors and assigns in the Company’s then-applicable form (which, for the avoidance of
doubt, will not contain any restrictive covenants that are in excess of those to which the applicable Participant was subject as of his or her Termination of Employment). 

(u) “Release Deadline” means the date which is twenty-one (21) days
following the Participant’s Termination of Employment (or forty-five (45) days if necessary to comply with applicable law). 
 (v)
“Restrictive Covenant Agreements” meant the Invention and Non-Disclosure Agreement and the Non-Competition and
Non-Solicitation Agreement previously entered into by the Participant and the Company or which may be entered into by the Participant and the Company following the date hereof. 

(w) “Section 409A” means Section 409A of the Code and the Treasury Regulations
promulgated thereunder. 
 (x) “Senior Leadership Team Group” includes the employees of the Company designated as
part of the “Senior Leadership Team” by the Company in its sole discretion (and communicated to the employee). 
 (y)
“Separation from Service” means a “separation from service” as defined in Section 409A. 

(z) “Severance Payment” means, with respect to any Participant, a payment that is based on the Participant’s Base
Salary Rate and determined in accordance with the Participant’s Appendix B attached hereto. 

 (aa) “Severance Period” shall, with respect to any
Participant, mean the number of months during which the Participant is entitled to Severance Payments determined in accordance with the Participant’s Appendix B and Appendix C attached hereto, as applicable. 

(bb) “Specified Employee” means a specified employee of the Company as defined in Section 409A. 

(cc) “Successor” means any successor in interest to substantially all of the business and/or assets of
the Company. 
 (dd) “Termination of Employment” means the termination of the applicable Participant’s
employment with, or performance of services for, the Company Group.

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