Document:

Elizabeth Arden, Inc. Severance Policy, as amended and restated on June 16, 2016

 Exhibit 10.25 
 ELIZABETH ARDEN, INC. 
 SEVERANCE POLICY 

 

	1.	Introduction 

 This Policy
was adopted by the Compensation Committee of the Board of Directors of Elizabeth Arden, Inc. (the “Company”) and was last amended on February 3, 2014. The Policy is intended to help the Company achieve its goals of attracting
and retaining key management personnel who are critical to the long-term success and competitiveness of the Company. 
  

	2.	Definitions 

 For purposes
of this Policy, the following capitalized terms shall have the meanings set forth below. Non-capitalized terms shall have their ordinary meanings. 
 “Affiliate” shall mean any person, limited liability company, corporation, partnership, association or any other entity controlling, controlled by or under common control with the
Company. “Control” shall mean the ownership by the Company of greater than fifty (50%) of the voting interests of such person or any other such arrangement as constitutes the possession, directly or indirectly, of power to direct or
cause the direction of management or policies of any such person, corporation or entity, through ownership of voting securities, by contract or otherwise. 
 “Base Amount” shall mean the then-current Base Salary plus then-current Target Bonus applicable to a Covered Employee. 

“Base Salary” shall mean the weekly or monthly base salary, as the context requires, of a Covered Employee as of the
effective date of termination of a Covered Employee’s employment. For purposes of calculating the Base Amount under Section 4, the Base Salary shall be the covered Employee’s annualized Base Salary. 

“Cause” shall mean 
 (a) any material violation by a Covered Employee of the Company’s Code of Business Conduct or any other material Company policy applicable to the Covered Employee; 

(b) the commission of an intentional act of fraud, embezzlement, theft or dishonesty against the Company by the Covered Employee;

 (c) the conviction of a Covered Employee for (or the pleading by a Covered Employee of nolo contendere to) any crime
which constitutes a felony, or a misdemeanor involving moral turpitude, or which, in the reasonable opinion of the Company, has caused material embarrassment to the Company; 
 (d) the gross neglect or willful failure by a Covered Employee to perform his/her duties and responsibilities in all material respects, if such breach of duty is not cured within 10 days after receipt of
written notice thereof to the Covered Employee by the Company or its Board of Directors; or 
 (e) a Covered Employee’s
failure to obey the reasonable and lawful orders or instructions of the Chief Executive Officer, the Covered Employee’s supervisor or the Board of Directors, unless such failure is cured within 10 days after receipt of written notice thereof to
the Covered Employee by the Company or the Board of Directors.

 For purposes of clause (d), no act, or failure to act, on the part of a Covered Employee shall be deemed
“willful” unless done, or omitted to be done, by the Covered Employee other than in good faith and without reasonable belief that such act, or failure to act, was in the best interest of the Company. 

“Change of Control” shall mean the occurrence of any of the following events: 

(i) the consummation of any transaction or series of transactions (including, without limitation, any merger or
consolidation) the result of which is that any “person” (as such term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) becomes the “beneficial owner” (as such
term is defined in Rule 13d–3 and Rule 13d–5 under the Exchange Act), directly or indirectly, of (a) 35% or more of the voting interests of the Company and (b) more of the voting interests of the Company than are, in the aggregate,
beneficially owned by the Principals and their Affiliates at the time of such consummation; or 
 (ii) during any
period of two (2) consecutive years, the individuals who at the beginning of such period constitute the Company’s Board of Directors or any individuals who would be Continuing Directors cease for any reason (other than due to death or voluntary
resignation) to constitute at least a majority thereof; or 
 (iii) the Company’s Board of Directors shall
approve a sale, lease, transfer, conveyance or other disposition of all or substantially all of the assets of the Company, and such transaction shall have been consummated; or 

(iv) the Company’s Board of Directors shall approve any merger, consolidation, or like business combination or
reorganization of the Company, the consummation of which would result in the occurrence of any event described in clause (i) above, and such transaction shall have been consummated. 

“Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Compensation Committee” shall mean the Compensation Committee of the Board of Directors of the Company. 

“Continuing Directors” shall mean (x) the directors of the Company in office on March 22, 2002 (the “Effective
Date”) and (y) any successor to any such director and any additional director, in each case, who after the Effective Date was nominated or selected by a majority of the Continuing Directors (or the Nominating and Corporate Governance Committee
of the Board of Directors of the Company consisting of Continuing Directors) in office at the time of his or her nomination or selection. 

  
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 “Covered Employee” shall mean any U.S.-based executive officer, senior vice
president or vice president of the Company and any officer of an Affiliate of the Company that is an “executive officer” of the Company for purposes of the Securities Exchange Act of 1934, as amended.

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, and the rules and regulations thereunder, as
such may be amended from time to time. 
 “Good Reason” shall mean 

(a) that without the Covered Employee’s prior written consent and in the absence of Cause, one or more of the following events
occurs: 
 (i) any materially adverse change in the Covered Employee’s authority, duties, or
responsibilities or any assignment to the Covered Employee of duties and responsibilities materially inconsistent with those normally associated with the Covered Employee’s position; or 

(ii) the Covered Employee is required to be primarily based at any office more fifty (50) miles outside the
metropolitan area of the Covered Employee’s then current business address, excluding travel reasonably required in the performance of the Covered Employee’s responsibilities; and 

(iii) relative to that which the Covered Employee received immediately prior to the Change of Control, there is a
reduction in (A) Base Salary, (B) targeted annual or targeted long-term incentive compensation (provided that cash compensation may be substituted for equity compensation for the purposes of long-term incentive awards), or (C) employee benefits (but
for the avoidance of doubt, not Base Salary or targeted annual or targeted long-term incentive compensation) to a level of employee benefits which is less favorable in the aggregate than the level of employee benefits the participant received
immediately prior to the Change of Control, excluding any defined benefit or supplemental pension plan (whether or not tax-qualified), and excluding any post-retirement health, life or other welfare benefits; provided that Good Reason shall
not exist if the reduction in employee benefits results from a change in the applicable program for all similarly-situated employees of the surviving entity or its subsidiaries after the Change of Control (collectively, the “Surviving
Entity”) in the applicable jurisdiction so long as (x) the Surviving Entity continues to offer benefits to such Covered Employee that include medical, dental, vision, disability and life insurance, and a matching program comparable to the
Company’s 401(k) Plan or, as applicable, a Company subsidiary’s existing defined contribution plan, (y) the aggregate employee benefits provided to the Covered Employee are not less favorable than the aggregate employee benefits provided
to similarly-situated employees of the Surviving Entity in the applicable jurisdiction, and (z) the total compensation of the Covered Employee (including Base Salary, the targeted value of incentive compensation and the value of other non-cash
compensation and benefits) is not materially less favorable than the total compensation of such employee as of immediately prior to the Change of Control. 

  
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 (b) within sixty (60) calendar days of learning of the occurrence of any event
specified in clause (a), and in the absence of any circumstances that constitute Cause, the Covered Employee terminates employment with the Company, by written notice to the Company; provided, however, that the events set forth in subparagraphs
(a)(i), (a)(ii) or (a)(iii) shall not constitute Good Reason for purposes of this Policy unless, within thirty (30) calendar days of a Covered Employee’s learning of such event, the Covered Employee gives written notice of the
event to the Company, and the Company fails to remedy such event within thirty (30) calendar days of receipt of such notice. 
 “Long-Term Service-Based Cash Award” shall mean any award made to an employee of the Company or an Affiliate that vests 12 months or more after its date of grant and is denominated and
payable in cash, subject only to such employee’s continued service with the Company or its Affiliate. 

“Performance-Based Cash Award” shall mean any award made to an employee of the Company or an Affiliate that vests on the
achievement of specific performance criteria and is denominated and payable in cash. 
 “Permanent Disability”
shall mean the Covered Employee’s inability to perform such Covered Employee’s duties and responsibilities for a period of 90 consecutive days or 120 non-consecutive days, in either event in any 12 month period, due to illness, accident or
any other physical or mental incapacity, as reasonably determined by a physician selected in good faith by the Company. 

“Principals” shall mean William Tatham, E. Scott Beattie, J. W. Nevil Thomas, Fred Berens, Richard C. W. Mauran, Maura
J. Clark, and Paul West. 
 “Section 409A” shall mean Section 409A of the Code. 

“Specified Employee” shall have the same meaning as such term is given for purposes of Section 409A. 

“Target Bonus” shall mean the annual bonus payable as a percentage of the Covered Employee’s Base Salary under the
Company’s Management Bonus Plan (or any successor annual bonus plan), assuming the applicable performance levels at “target” were achieved for the year of termination. 

  
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	3.	Termination without Cause 

Subject to the provisions of Section 5 below, in the event that the employment of a Covered Employee is terminated by the Company without
Cause (other than (i) after a Change of Control as discussed in Section 4 below for any Covered Employee that is above a Vice President in title or (ii) upon the death or Permanent Disability of the Covered Employee), such Covered Employee shall be
entitled to a lump sum severance payment equal to the greater of (a) two weeks of Base Salary for every year of such Covered Employee’s employment with the Company, not to exceed a maximum of one year of Base Salary, or (b) the applicable
amount calculated in accordance with the following schedule: 
  

			
	Tier	  	Severance
	I – Chief Executive Officer	  	24 months of Base Salary
	II – President (if title not also held by CEO)	  	18 months of Base Salary
	III – Executive Vice President	  	12 months of Base Salary
	IV – Senior Vice President	  	9 months of Base Salary
	V – Vice President	  	6 months of Base Salary

 For the avoidance of doubt, a Covered Employee that is a Vice President as noted in this Section 3 and that is terminated
without Cause or for Good Reason within two (2) years after a Change of Control, shall be entitled to the lump sum severance payment set forth in this Section 3. 
  

	4.	Termination after a Change of Control 

 Subject to the provisions of Section 5 below, if (i) a Change of Control occurs and (ii) the employment of a Covered Employee is terminated (other than upon the death or Permanent Disability of the
Covered Employee) either (a) without Cause within two years after the Change of Control, or (b) by the Covered Employee for Good Reason within two years after the Change of Control, then such Covered Employee shall be entitled to a lump sum
severance payment equal to the applicable amount calculated in accordance with the following schedule: 
  

			
	Tier	  	Severance
	I – Chief Executive Officer	  	2.99 times the Base Amount
	II – President (if title not also held by CEO)	  	2.0 times the Base Amount
	III – Executive Vice President	  	1.5 times the Base Amount
	IV – Senior Vice President	  	1.0 times the Base Amount

 In addition, the Covered Employee shall be entitled to receive a lump sum payment equal to (a) the
Covered Employee’s Target Bonus for the year in which the Covered Employee’s employment is terminated, pro-rated to the date of such termination, and (b) the sum of (i) 24 months of the employer portion of monthly health insurance
premiums, and (ii) 24 months of the monthly executive disability insurance premiums paid or reimbursed by the Company with respect to the Covered Employee. 
 If the Total Benefits (as defined below) payable to a Covered Employee would result in an excise tax under Section 4999 of the Code (the “Excise Tax”), then the Total Benefits shall be
reduced to the extent necessary to eliminate the Excise Tax. This reduction of Total Benefits shall only be made, however, if the Covered Employee’s resulting Net Retained Amount (as defined below) after such reduction would be greater
than if no such reduction were made and the full amount of Total Benefits were paid and subject to the Excise Tax. All determinations required to be made under this Section 4 shall be made by a tax advisor selected by the Company and reasonably
acceptable to the Covered Employee (“Tax Advisor”), which determinations shall be conclusive and binding on the Covered Employee and the Company absent manifest error. All fees and expenses of the Tax Advisor shall be borne solely
by the Company. Prior to any reduction in the Covered Employee’s Total Benefits pursuant to this Section 4, Tax Advisor shall provide the Covered Employee and the Company with a report setting forth its calculations and containing related
supporting information. In the event any such reduction is required, the Total Benefits shall be reduced in the following order: (i) the payments to be made under this Section 4, and (ii) any Total Benefits that arise from any accelerated vesting of
equity awards; provided, however, that if any Total Benefits are subject to Section 409A, such Total Benefits will be the last to be reduced. 

  
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 For purposes of this Section 4: 
 “Total Benefits” shall mean the payments described in this Section 4 (the “CIC Severance Payments”) together with any other payment or benefit received or to be received by a
Covered Employee in connection with a “change in ownership or control” (within the meaning of Section 280G of the Code) of the Company (such as outstanding equity or performance or service- based cash awards); and 

“Net Retained Amount” shall mean the present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and
280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on the Covered Employee with respect thereto. 
  

	5.	Conditions to and Timing of Payments 

 No severance payment shall be made to a Covered Employee under this Policy unless, within sixty (60) days of the effective date of the Covered Employee’s termination, such Covered Employee shall have
executed and delivered to the Company a waiver and general release in favor of the Company and its Affiliates releasing the Company and its Affiliates from any and all claims relating to such Covered Employee’s (i) employment with the Company
and (ii) termination of employment (the “Release”). The Release shall be in the form of the Company’s then-standard form of Release and shall include confidentiality and non-disparagement provisions. 

To the extent permissible under Section 409A, any severance payment made pursuant to this Policy shall be made by
the Company on the first business day following the sixtieth day (60th) after the effective date of the Covered Employee’s termination. For the avoidance of doubt, no payment shall be made under this Policy if the Release referred to in the preceding paragraph is
not executed by the Covered Employee and delivered to the Company by the sixtieth (60th) day following the effective date of the Covered Employee’ termination. 

Notwithstanding the provisions of the preceding paragraph, to the extent (i) a severance payment under this Policy is determined by the
Company to be subject to Section 409A and (ii) is to be made to a Specified Employee who would be subject to a penalty tax under Section 409A, any such severance payment shall be made by the Company on the first day of the seventh month following
the effective date of such Covered Employee’s termination. 

  
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	6.	Benefits 

 The
Compensation Committee shall have the discretion to increase any severance payment due pursuant to this Policy to provide for COBRA health insurance premiums and/or such other termination-related benefits (such as outplacement services, relocation
expenses and similar items) as the Compensation Committee may determine are reasonable in the context, provided, however, that any amount to be paid to a Covered Employee with respect to such health insurance premiums and/or other
termination-related benefits shall be paid in a single lump sum at the same time as severance payments are to be made pursuant to the provisions of Section 5 of this Policy. 

 

	7.	Treatment of Other Outstanding Awards upon a Change of Control 

 The treatment of outstanding equity awards upon a Change of Control shall be in accordance with the terms and conditions of the relevant equity incentive plans and award agreements applicable to such
awards. 
 Long-Term Service-Based Cash Awards shall immediately vest upon the occurrence of a Change of
Control, and shall be paid on the fifteenth (15th) day
following the Change of Control. 
 Performance-Based Cash Awards will immediately vest upon the occurrence
of a Change of Control at either (i) their target value (if the applicable performance period has not yet elapsed) or (ii) the value resulting from any achieved performance targets applicable to the elapsed performance measurement period, and shall
be paid on the fifteenth (15th) following the Change of
Control. 
  

	8.	Policy Changes; Binding Obligations 

 The Company reserves the right to amend or modify this Policy at any time without prior notice, provided that, without the written approval of any affected Covered Employee, no such amendment or
modification made subsequent to the occurrence of a Change of Control shall alter or impair the benefits that might be payable to a Covered Employee hereunder as a result of a termination of employment following such Change of Control. This
Policy will also change from time to time as the terms and phrases used in this Policy are modified by rule or law. 
 The
obligations of the Company under Section 4 and Section 7 shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other business combination of the Company, or upon any successor corporation or
organization succeeding to substantially all of the assets and business of the Company. The Company agrees that it will make appropriate provisions for the preservation of Company employee rights under such sections of this Policy in any
agreement or plan which it may enter into or adopt to effect any such merger, consolidation, reorganization or transfer of assets. 

  
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	9.	Interpretation 

 The
Compensation Committee shall administer and interpret this Policy. This Policy is intended to comply with the provisions of Section 409A, if and to the extent that the benefits payable pursuant to this Policy do not qualify for any applicable
exception to those provisions. The provisions of this Policy shall be interpreted in a manner consistent with the applicable requirements of Section 409A and any rules or regulations issued pursuant thereto, including without limitation,
the requirement in Section 409A(a)(2)(B)(i) that payments subject to Section 409A made on account of a separation from service to a “specified employee,” as defined therein, not be made before the date which is six (6) months after
the date of separation from service (or, if earlier, the date of the specified employee’s death). 
  

	10.	Claims Procedure 

 In the
event that any Covered Employee or his or her beneficiary claims to be entitled to benefits under this Policy or believes his or her benefits are incorrect, that Covered Employee or his or her beneficiary (hereafter, a “Claimant”)
may file a claim for benefits by submitting a written statement describing the basis of the claim for benefits under this Policy. The Compensation Committee shall review the claim and respond within a reasonable period of time, but no more than 90
days after receipt of the claim by the Compensation Committee. 
 If the Compensation Committee makes an adverse determination
as to the Claimant’s claim, the Compensation Committee shall, within the time period described above, notify the Claimant in a writing setting forth, in a manner calculated to be understood by the Claimant: 

(i) the specific reasons for the adverse determination, 

(ii) the provisions of this Policy on which the determination is based, 

(iii) a description of additional information or material necessary for the Claimant to perfect the claim and an
explanation of why such additional information or material is necessary, and 
 (iv) a description of this
Policy’s review procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring suit under Section 502(a) of ERISA following an adverse benefit determination on review. 

Within 60 days of receipt by a Claimant of a notice denying a claim, the Claimant, or his or her duly authorized representative, may
request in writing a full and fair review of the claim by filing an appeal with the Compensation Committee. In connection with such appeal, the Claimant or his or her duly authorized representative: 

(i) may submit written comments, documents, records, and other information relating to the claim for benefits, and

 (ii) shall be provided, upon request and free of charge, reasonable access to, and copies of, all documents,
records, and other information relevant to the Claimant’s claim for benefits. 

  
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 The Compensation Committee shall provide for a full and fair review that takes into account
all comments, documents, records, and other information submitted by the Claimant’s written presentation, as well as any evidence, facts or circumstances the Compensation Committee deems relevant.

The Compensation Committee shall make a decision not later than 60 days after the Compensation Committees receipt of a request for
appeal.
 As amended on June 16, 2016. 

  
 9Exhibit

Exhibit 10.1
	
		
	
	Corporate Office & Distribution Center

July 8, 2016

Re: Offer of Employment

Dear Jon,   

Congratulations!  This letter will confirm that Tilly’s has offered you a Chief Digital Officer position on the following terms and conditions:

		
	1.
	Start Date.  Unless otherwise agreed and contingent upon a successful completion of our post-offer employment screening, you will join Tilly’s on August 15, 2016 (“Start Date”).  

		
	2.
	Supervisor.  Unless otherwise instructed, you will report to Ed Thomas, President and Chief Executive Officer.  

		
	3.
	Compensation.  You will be paid an annual salary of $350,000.  Your bi-weekly earnings will be $13,461.53.  You will be classified as a Salaried/Exempt Employee.  

		
	4.
	Stock Options.   50,000 non-qualified stock options covering Tilly’s, Inc. class A common stock will be granted to you at next open trading window following your Start Date, subject to approval by the compensation committee.  These options will vest 25% on each anniversary of the grant date and will have an exercise price equal to the closing price of Tilly’s class A common stock on the grant date.  The terms of this equity award are set forth in Tilly’s 2012 Amended and Restated Equity and Incentive Plan and in the award agreement that will accompany the grant.  

		
	5.
	Vacation.  You will be accruing vacation at a rate of twenty (20) calendar days per year. Vacation begins accruing from the first payroll period.

		
	6.
	Benefits.    Eligibility to enroll in Tilly’s Medical Benefits Program will take effect on the first of the month following one complete calendar month of employment. 

		
	7.
	Bonus.    You will be eligible for our 2016 Annual Bonus Plan payable in 2017 on a pro-rated basis, subject to the terms of the Bonus Plan.  Your target bonus will be 50% of your base salary.  Bonus Plan details will be given upon acceptance of offer of employment.

		
	8.
	Sign-On Bonus. In connection with your employment with Tilly’s, Tilly’s agrees to pay a Sign-On Bonus of $50,000.00. This Sign-On Bonus check will be issued within one week of your start date. Employee understands and accepts that this Sign-On Bonus is a one-time payment that is subject to Employee completing the Two-Year Condition below.  Tilly’s will withhold all applicable taxes, other normal payroll deductions and any other amounts required by law to be withheld from this amount. 

		
	a.
	If you resign from employment with Tilly’s for any reason, or are terminated with cause, prior to completing two years of employment from your Start Date you will repay the unearned portion of the Sign-On Bonus (the “Two-Year Condition”), calculated as follows:  1/24 of the Sign-On Bonus will be considered earned and forgiven for every full calendar month after the Start Date that you work for Tilly’s.  Within 30 days 

Jon Kubo, CDO
Employee’s Initials_/s/ JK_

     Page 1 of 5

of the last day of your employment, you must repay the remaining unearned amount of the Sign-On Bonus.  You agree that you will be liable for the cost of Tilly’s collecting the unearned Sing-On Bonus, including attorney fees and court costs, if not repaid as set forth above.  

		
	9.
	At-will employment.  Your employment is at-will.  Therefore, you may leave your employment at any time and Tilly’s may transfer, reassign, suspend, demote or terminate your employment, at any time, for any reason, with or without cause, and with or without notice.

		
	10.
	Non-solicitation.  At Tilly's you will have access to confidential information about Tilly's employees. During your employment and for one year thereafter, you will not, whether for your own account or for any business organization, encourage or solicit any Tilly's employee to leave Tilly's employment. You acknowledge that violating this provision will cause Tilly's irreparable harm that cannot be compensated by monetary damages alone, and that an injunction is an appropriate provisional remedy.

This letter contains the entire agreement with respect to the terms of your employment.  It supersedes any and all other agreements, either oral or in writing, with respect to the employment relationship.  You and Tilly’s acknowledge and agree that no representations, inducements, promises or agreements, oral or otherwise, have been made between you and Tilly’s, or anyone acting on behalf of you or Tilly’s, which are not included in this letter.  You and Tilly’s acknowledge and agree that no other agreement, statement or promise not included in this letter shall be valid or binding.  The terms of your employment, as set out in this letter, may not be modified or amended by oral agreement or course of conduct, but only by an agreement in writing signed by both you and Tilly's CEO.

If you accept our offer of employment on the terms and conditions set forth in this letter, please initial each page, sign where indicated and return the original of this letter to us, you may retain the document marked “Confidential Copy” for your records.

Sincerely yours,
	
	
	 

/s/ Ed Thomas                    
Ed Thomas 
President & CEO
Tilly’s

Accepted:

/s/ Jon Kubo                    
Signature 
Jon Kubo                     
Print Employee Name 
July 22, 2016                    
Date 

Jon Kubo, CDO
Employee’s Initials_/s/ JK_

     Page 2 of 5

TILLY’S CONFIDENTIAL INFORMATION
AND INVENTIONS AGREEMENT

This Confidential Information and Inventions Agreement, (“Agreement”) is effective August 15, 2016 and is between John Kubo and World of Jeans and Tops, d.b.a. Tilly’s, (“Tilly’s”), a California corporation.

PURPOSE OF THIS AGREEMENT

Through its own efforts and at great expense, Tilly’s has developed and acquired and will continue to develop and acquire a wealth of technology and know-how that is unique to Tilly’s.  Tilly’s considers this information to be Confidential Information.  Confidential Information means any information of Tilly's not disclosed to the public, which includes any portion or phase of any trade secret, process, procedure, formula, data, know-how, technique, computer program, improvement, discovery, development, design, invention, marketing plan, manual, personnel information, strategy, forecast, product, financial information, budget, projection, license, price, cost, customer and supplier list, source and object code, system and user documentation, program and system design or sales of a Tilly’s store.  Tilly’s has a great deal of valuable Confidential Information relating to its business, which, if disclosed to or used by a competitor, would cause Tilly’s irreparable damage.  You will be holding a position of responsibility and trust with Tilly’s that requires you to have access to Tilly’s Confidential Information.  Tilly’s is prepared to disclose its Confidential Information to you in reliance on the promises and representations made by you in this Agreement, which obligate you to protect such information from loss or misuse during and after your employment with Tilly’s. You represent that do not know anything about Tilly’s Confidential Information other than what you will learn from Tilly’s.

As part of your employment with Tilly's you may make certain contributions, including any writings, designs, processes artwork, photograph, computer programs, manuals, or other works which will all constitute “work-for-hire” under all applicable copyright and trademark laws and be owned exclusively by Tilly's. 

You recognize that this Agreement is based on an important legal and ethical responsibility to protect the valuable property rights of Tilly’s.  You assure Tilly’s that you have knowingly and voluntarily undertaken the obligations contained in this Agreement and that Tilly’s may rely upon your representations and promises in this Agreement.

PROMISE TO PROTECT CONFIDENTIAL INFORMATION

In order to protect Confidential Information, and in order to provide Tilly’s with a basis for granting you access to its Confidential Information, you agree that during the period of your employment with Tilly’s, and for up to three years following the termination of your employment, you will not disclose or provide to anyone, and will not use, modify, copy or adapt (except in the course of performing your duties for Tilly’s) any Confidential Information without first obtaining Tilly’s written consent.  You agree that your obligation not to use, copy, disclose, or provide to third parties Confidential Information will survive termination of your employment with Tilly’s, regardless of the grounds for such termination.

OWNERSHIP OF INVENTIONS

You agree that all discoveries, developments, designs, improvements, inventions, formulas, processes, techniques, know-how, and data, whether or not registrable under patent, copyright or similar statutes, made or conceived or reduced to practice or learned by you, either alone or jointly with others, during the period of your employment that are related to Tilly's business, or resulting from tasks assigned by Tilly's, or resulting from the use of any Confidential Information, or resulting from the use of any property, facilities or equipment owned, leased, or contracted for by Tilly's (the “Inventions”) will be exclusively owned by Tilly's.  You represent that all of your services rendered in connection with any Inventions are and will be wholly original and authored and/or invented by you and will not be copied or adapted in whole or part from any other work or material, 

Jon Kubo, CDO
Employee’s Initials_/s/ JK_

     Page 3 of 5

except for material in the public domain or provided to you by Tilly's.  You understand that any provision in this Agreement for you to assign your rights to any Inventions does not apply to inventions that qualify under Section 2870 of the California Labor Code.  

REMEDIES FOR VIOLATION OF THIS AGREEMENT

In the event of a violation of this Agreement, Tilly’s will be entitled to seek and obtain such injunctive relief as a court of competent jurisdiction may find appropriate under the circumstances.  In order to protect Tilly’s Confidential Information or Inventions from disclosure or misuse, Tilly’s will be entitled to obtain a temporary restraining order and preliminary injunction.

WAIVER

No waiver by you or Tilly’s of any breach of any provision hereof will be deemed a waiver of any prior or subsequent breach of the same or any other provision.  The failure of you or Tilly’s to exercise any right provided herein will not be deemed on any subsequent occasion to be a waiver of any right granted hereunder to you or Tilly’s.

ENFORCEABILITY

If any portion of this Agreement should be declared to be void or unenforceable, then the remaining portions hereof will continue to be binding on Tilly’s and you and will be enforced to the extent permitted by law, as though the void or unenforceable portions were deleted (or reformulated, to the extent permitted by law, for purposes of enforcement thereof).

CHOICE OF LAW

This Agreement is made under, and is subject to the laws of the State of California, except to the extent that public policy may require the application of the laws of another state.    

ATTORNEYS’ FEES

In the event of any action brought by either party against the other arising out of the Agreement, or for the purpose of enforcing the Agreement of collecting any damages alleged to have resulted to one of the parties by reason of the breach or failure of performance of the other, the party prevailing in any such action shall be entitled to recover reasonable attorney’s fees and cost of suit as may be determined by the arbitrator(s), or the Court.

BENEFICIARIES

As used in this Agreement, all references to Tilly’s shall also be construed to refer to its subsidiaries, affiliates, and controlling parties, unless the context otherwise requires.  The Agreement shall inure to the benefit of Tilly’s, its subsidiaries, affiliates, and controlling parties, and its successors and assigns.

ENTIRE AGREEMENT
 
This Agreement constitutes the entire agreement between Tilly’s and you with respect to the subject matter hereof (except as now or hereafter there may be established supplementary written agreements to supersede or amend this Agreement by specific reference hereto).  This Agreement is specifically intended to supersede and terminate any prior inconsistent agreements relating to the same subject matter.  The Agreement contains all the covenants, warranties, and representations between Tilly’s and you to one another with respect to the subject 

Jon Kubo, CDO
Employee’s Initials_/s/ JK_

     Page 4 of 5

matter hereof.  This Agreement may be amended or terminated only by a writing signed by an authorized representative of the party against whom enforcement thereof is sought.  

ACKNOWLEDGMENTS

You acknowledge that this Agreement shall not be construed to create employment for a fixed or periodic term, nor shall it be construed to establish or afford any right to claim specific compensation or other employee benefits.

Your further acknowledge that, before signing this Agreement, you were given an opportunity to read it, carefully evaluate it, and ask any questions about it.  You also acknowledge that you had the right to have this Agreement reviewed by an attorney of your choosing and that Tilly’s was prepared to give you a reasonable period of time to do so if you so desired.

	
		
	

Dated: July 22, 2016
	

“Employee”

	 
	 

	 
	/s/ Jon Kubo

	 
	Signature

	 
	Jon Kubo

	 
	Print  Employee Name

	 
	 

	Accepted:
	WORLD OF JEANS AND TOPS INC.

	 
	d.b.a. TILLY’S, a California corporation

	 
	 

	 
	By:  /s/ Ed Thomas

	 
	Ed Thomas, President & CEO

	 
	 

Jon Kubo, CDO
Employee’s Initials_/s/ JK_

     Page 5 of 5

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