Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

AMENDMENT TO STOCKHOLDERS AGREEMENT 

This AMENDMENT TO STOCKHOLDERS AGREEMENT (this “Amendment”), dated as of October 11, 2019, is made by and between
Lifetime Brands, Inc., a Delaware corporation (“Lifetime”) and Taylor Parent, LLC, a Delaware limited liability company (“Taylor Parent” and, together with Lifetime, the “Parties”), pursuant to
Section 8(f) of that certain Stockholders Agreement, dated as of March 2, 2018 (as amended, the “Stockholders Agreement”). 

WHEREAS, the Parties desire to amend the Stockholders Agreement pursuant to and on the terms hereinafter set forth. 

In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties agree as follows: 
 1. Amendment to the Stockholders Agreement. The Stockholders Agreement is
hereby amended as follows: 
 a. The first paragraph of Section 6 of the Stockholders Agreement through and including the first colon
therein is hereby deleted and replaced in its entirety with the following new first paragraph of Section 6 through the first colon: 

“During the term of this Agreement, for so long as Taylor Parent, together with its Permitted Transferees, Beneficially Owns Common Stock
constituting not less than 50% of the Equity Consideration and Taylor Parent Designees serve as Directors on the Board, neither the Company nor any of its Subsidiaries shall, without the prior written consent of Taylor Parent, which consent shall
not be unreasonably withheld, conditioned or delayed, take any of the following actions:” 
 2. The Stockholders Agreement. The
Parties acknowledge and agree that this Amendment is an integral part of the Stockholders Agreement. Notwithstanding any provision of the Stockholders Agreement to the contrary, in the event of any conflict between this Amendment and the
Stockholders Agreement or any part of either of them, the terms of this Amendment shall control. Any reference to the “Stockholders Agreement” contained herein or in the Stockholders Agreement shall mean the Stockholders Agreement,
including and as amended by this Amendment, and any other amendment or addendum to either the Stockholders Agreement or this Amendment. 

3. General Provisions. 

(a) Counterparts. This Amendment may be executed in one or more counterparts for the convenience of the Parties, each of which shall be
deemed an original and all of which together will constitute one and the same instrument. Facsimile and .pdf signatures shall be treated as original signatures for all purposes hereunder. 

 (b) Other Provisions Unaffected. Except as specifically amended herein, the
provisions of the Stockholders Agreement shall remain in full force and effect. 
 (c) Governing Law. This Amendment will be governed
by, and construed and interpreted in accordance with, the laws of the State of Delaware (without giving effect to conflicts of laws principles) applicable to contracts executed in and to be performed in that State. 

[REMAINDER OF PAGE INTENTIONALLY BLANK] 

  
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 IN WITNESS WHEREOF, the duty authorized representative of the undersigned has caused
this Amendment to Stockholders Agreement to be duly executed and delivered as of the day and year first above written. 
  

			
	LIFETIME BRANDS, INC.
	
	By:         /s/ Robert B.
Kay                                        

	Name:	 	Robert B. Kay
		
	Title:	 	 Authorized Officer

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 IN WITNESS WHEREOF, the duty authorized representative of the undersigned has caused
this Amendment to Stockholders Agreement to be duly executed and delivered as of the day and year first above written. 
  

			
	TAYLOR PARENT, LLC
	
	By:        /s/ Michael
Schnabel                                    
	Name:	 	Michael Schnabel
		
	Title:	 	 Senior Vice President

  
 [Signature Page to
Amendment to Stockholders Agreement]EX-10.2

 Exhibit 10.2 

AMENDMENT TO THE 

EMPLOYMENT AGREEMENT 
 This
Amendment (this “Amendment”), dated as of October 11, 2019 by and between LIFETIME BRANDS, INC., a Delaware Corporation (the “Company”) and ROBERT B. KAY (the “Executive”) shall become effective as of
January 1, 2019 (the “Amendment Effective Date”) and amends the Employment Agreement, dated as of December 22, 2017 (the “Employment Agreement”) between the Company and the Executive. Capitalized terms used herein but
not defined shall have the meanings ascribed to such terms in the Employment Agreement. 
 WHEREAS, the Company and the Executive have
agreed upon certain changes to the Employment Agreement; and 
 WHEREAS, pursuant to Section 21 of the Employment Agreement, the
Company and the Executive wish to amend the Employment Agreement as of the Amendment Effective Date to provide for these revised contractual terms; 

NOW, THEREFORE, in consideration of Executive’s continued employment with the Company and other good and sufficient consideration set
forth herein, the Company and the Executive hereby agree as follows: 
 1. Section 2 of the Employment Agreement shall be amended as of the
Amendment Effective Date to delete the first paragraph of Section 2(b) in its entirety and to delete Section 2(b)(i) in its entirety and replace each of the foregoing sections with the following: 

“(b) Annual Bonuses. For each year during the Term commencing with the year ending December 31, 2019, the
Executive shall receive an “Annual Adjusted EBITDA Performance Bonus” and an “Annual Individual Goal Bonus” determined as follows: 

Annual Adjusted EBITDA Performance Bonus. The Compensation Committee of the Board (the “Compensation
Committee”) shall prepare and deliver to the Executive within 90 days following the beginning of each year during the Term commencing with the year ending December 31, 2019 an Adjusted EBITDA Performance Bonus Table (the
“Adjusted EBITDA Performance Bonus Table”) for such year under which (A) the Adjusted EBITDA (as defined in Section 9(a)) to be achieved by the Company for the Executive to obtain 100% of the Adjusted EBITDA Target Bonus
shall be based on the annual budget for such year prepared by the management of the Company and approved by the Board and (B) the “Adjusted EBITDA Target Bonus” shall be 87.5% of the Base Salary payable to the Executive for
such year. The threshold Adjusted EBITDA for such year shall be 84% of the target Adjusted EBITDA for such year which, if achieved, would entitle the Executive to receive 50% of the Adjusted EBITDA Target Bonus for such year consistent with the
Adjusted EBITDA Performance Bonus Table for such year. The maximum Adjusted EBITDA for such year shall be 132% of the target Adjusted EBITDA for such year which, if achieved, would entitle the Executive to receive 200% of the Adjusted EBITDA Target
Bonus for such year, consistent with the Adjusted EBITDA Performance Bonus Table for such year. The Executive shall be entitled to receive the sliding scale percentages of the Adjusted EBITDA Target Bonus set forth in the Adjusted EBITDA Performance
Bonus Table based upon Adjusted EBITDA being more than the threshold 

  
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Adjusted EBITDA but less than the target Adjusted EBITDA, or more than the target Adjusted EBITDA but less than the maximum Adjusted EBITDA; provided, however, that notwithstanding anything to
the contrary contained in this Agreement, the Annual Adjusted EBITDA Performance Bonus for any such year shall be zero if the Adjusted EBITDA achieved by the Company for such year is less than the threshold Adjusted EBITDA for such year, and in no
event shall an Annual Adjusted EBITDA Performance Bonus for any such year be more than 200% of the Adjusted EBITDA Target Bonus for such year even if the Adjusted EBITDA achieved by the Company for such year exceeds the maximum Adjusted EBITDA for
such year. The Company shall pay the Annual Adjusted EBITDA Performance Bonus earned by the Executive for each year in the immediately following year, no later than March 15. Any bonuses payable by the Company to the Executive pursuant to this
Section 2(b)(i) shall be awarded under and subject to the terms of the Company’s 2000 Incentive Bonus Compensation Plan, as amended from time to time (the “Bonus Plan”) or any successor thereto, subject to any approval of
shareholders of the Company, if required by Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”).” 

2. Section 9(a) of the Employment Agreement shall be amended as of the Amendment Effective Date to delete it in its entirety replace it with
the following: 
 “(a) For purposes of this Agreement, the term “Adjusted EBITDA”, as it applies to any particular year, means
that amount for such year equal to the Company’s Earnings before Interest, Taxes, Depreciation, and Amortization, as determined by the Company and derived from the Company’s audited financial statements, subject to such modifications as
are set forth in the Annual Adjusted EBITDA Performance Bonus Table for such year.” 
 3. As of the Amendment Effective Date, each
reference to “Annual Adjusted IBIT Performance Bonus” throughout the Employment Agreement shall be deleted and replaced with the following: “Annual Adjusted EBITDA Performance Bonus.” 

4. The Employment Agreement, as amended by this Amendment, constitutes the entire and exclusive agreement between the parties with respect to
the subject matter hereof. All previous discussions and agreements with respect to the subject matter of this Amendment are superseded by this Amendment. 

5. Except as expressly amended hereby, all the terms, conditions, and provisions of the Employment Agreement, as amended, shall remain in full
force and effect. This Amendment shall form a part of the Employment Agreement for all purposes. 
 6. This Amendment may be executed in
counterparts and by facsimile or other electronic means, including by portable document format (PDF), each of which shall be deemed to have the same legal effect as an original and together shall constitute one and the same instrument. 

7. The Company represents and warrants that it has the full power and authority to enter into this Amendment. 

[The remainder of this page is intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
written above. 
  

			
	LIFETIME BRANDS, INC.
	
	By:     /s/ Jeffrey Siegel                    
	Name: Jeffrey Siegel
	Title: Chairman
	
	EXECUTIVE
	
	  /s/ Robert B. Kay                
	Robert B. Kay

  
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