Document:

Exhibit
10(p)

EXHIBIT A

AMENDMENT TO

REGIS CORPORATION

2004 LONG TERM INCENTIVE PLAN

The Regis Corporation 2004 Long
Term Incentive Plan (the “Plan”) hereby is amended, effective as of the date
hereof, to provide for grants of Restricted Stock Units in addition to the
Awards already available under the Plan.

1.               The
first sentence of Section 2.3 of the Plan is amended by adding “, Restricted
Stock Unit” immediately following the words “Restricted Stock”.

2.               New Section 2.27A is added to the Plan immediately
following the end of Section 2.27 and shall read:

“2.27A    “Restricted Stock Unit” means an Award to
a Participant under Section 8.1 hereof under which no Common Stock actually is
awarded to the Participant on the date of grant.  Each Award of a Restricted Stock Unit
entitles a Participant to receive a share of Common Stock as of a future date,
subject to certain restrictions and to a risk of forfeiture.”

3.  Article VIII
of the Plan is amended to read in its entirety as follows:

“ARTICLE VIII

RESTRICTED STOCK
AND RESTRICTED STOCK UNITS

8.1           General.  The Committee shall have
authority to grant Restricted Stock and/or Restricted Stock Units under the
Plan at any time or from time to time. 
The Committee shall determine the number of shares of Restricted Stock
and/or the number of Restricted Stock Units to be awarded to any Participant,
the time or times within which such Awards may be subject to forfeiture, and
any other terms and conditions of the Awards. 
Each Award shall be confirmed by, and be subject to the terms of, an
Agreement which shall become effective upon execution by the Participant.

8.2           Grant, Awards and Certificates.  An Award
of Restricted Stock or of Restricted Stock Units shall occur as of the Grant
Date determined by the Committee and as provided in an Agreement.  Restricted Stock and Restricted Stock Units
may be awarded either alone or in addition to other Awards granted under the
Plan.  Notwithstanding the limitations on
issuance of Common Stock otherwise provided in the Plan, each Participant
receiving an Award of Restricted Stock shall be issued a certificate (or other
representation of title) in respect of such Restricted Stock.  Such certificate shall be registered in the
name of such Participant and shall bear an appropriate legend referring to the
terms, conditions, and restrictions applicable to such Award as determined by
the Committee.  The Committee may require
that the certificates evidencing such shares be held in custody by the Company
until the restrictions thereon shall have lapsed and that, as a condition of
any Award of Restricted Stock, the Participant shall have delivered a share
power, endorsed in blank, relating to the Common Stock covered by such Award.

8.3           Terms and Conditions. 
Restricted Stock and Restricted Stock Units shall be subject to such
terms and conditions as shall be determined by the Committee, including the
following:

(1)           Limitations on Transferability.  The
issue prices for Restricted Stock and Restricted Stock Units shall be set by
the Committee and may be zero.  Subject
to the provisions of the Plan and the Agreement, during a period set by the
Committee (and, in the case of Restricted Stock Units, until the date of
delivery of Common Stock), commencing with the date of such Award (the “Restriction
Period”), the Participant shall not be permitted 

 1
 

to sell, assign, margin, transfer, encumber, convey, gift, alienate,
hypothecate, pledge or otherwise dispose of Restricted Stock or Restricted
Stock Units.

(2)           Rights.  Except as provided in Section
8.3(1), the Participant shall have, with respect to the Restricted Stock, all
of the rights of a shareholder of the Company holding the class of Common Stock
that is the subject of the Restricted Stock, including, if applicable, the
right to vote the shares and the right to receive any cash dividends.  A Participant shall have no voting rights
with respect to any Restricted Stock Units granted hereunder but shall, to the
extent provided in an Agreement, have the right to receive (with respect to
such Restricted Stock Units) cash payments equivalent in value to the cash
dividends payable on a like number shares of Common Stock.   Unless otherwise determined by the Committee
and subject to the Plan and Code Section 409A, cash dividends on Common Stock
that are the subject of the Restricted Stock shall be automatically reinvested
in additional shares of Restricted Stock, and dividends on Common Stock that
are Restricted Stock payable in Common Stock shall be paid in the form of
Restricted Stock.  Unless otherwise
determined by the Committee and subject to the Plan and Code Section 409A,
dividend equivalent amounts payable with respect to Restricted Stock Units
shall be automatically reinvested in additional Restricted Stock Units.

(3)           Criteria.  Based on service, performance
by the Participant or by the Company or the Affiliate, including any division
or department for which the Participant is employed or such other factors or
criteria as the Committee may determine, the Committee may provide for the
lapse of restrictions in installments and may accelerate the vesting of all or
any part of any Award and waive the restrictions for all or any part of such
Award.

(4)           Forfeiture.  Unless otherwise provided in
an Agreement or determined by the Committee, if the Participant incurs a
Termination of Employment due to death or Disability during the Restriction
Period, the restrictions shall lapse and the Participant shall be fully vested
in the Restricted Stock or Restricted Stock Units.  Except to the extent otherwise provided in the
applicable Agreement and the Plan, upon a Participant's Termination of
Employment for any reason during the Restriction Period other than a
Termination of Employment due to death or Disability, all shares of Restricted
Stock and Restricted Stock Units still subject to restriction shall be
forfeited by the Participant, except the Committee shall have the discretion to
waive in whole or in part any or all remaining restrictions with respect to any
or all of such Participant's Restricted Stock and Restricted Stock Units.

(5)           Delivery.  If a share certificate is
issued in respect of Restricted Stock, the certificate shall be registered in
the name of the Participant but shall be held by the Company for the account of
the Participant until the end of the Restricted Period.  If and when the Restriction Period expires
without a prior forfeiture of Restricted Stock or Restricted Stock Units
subject to such Restriction Period, unlegended certificates (or other
representation of title) for Common Stock shall be delivered to the Participant
at the time and subject to the conditions provided in the Agreement governing
such Award.

(6)           Election.  A Participant may elect to further defer
receipt of the Restricted Stock or payment of Common Stock with respect to
Restricted Stock Units for a specified period or until a specified event,
subject to the Committee’s approval and to such terms as are determined by the
Committee.  Subject to any exceptions
adopted by the Committee, such election must be made one at least (1) year prior
to completion of the Restriction Period and in compliance with the terms and
conditions of Section 409A of the Code.”

4.  Section 10.1(2) is amended to read in its
entirety as follows:

“(2) The restrictions applicable to any Restricted Stock and Restricted
Stock Unit Awards shall lapse.  Such
Restricted Stock shall become free of all restrictions and become fully vested
and transferable to the full extent of the original grant, and such Restricted
Stock Units shall become free of all restrictions, fully vested, and payable in
shares of Common Stock; and”

 2Exhibit
10.1

	
  

  	
  Employment
  Contract

  
	
  Westaff e-form ·
  Westaff e-form · Westaff e-form ·
  Westaff e-form · Westaff e-form ·
  Westaff e-form · Westaff e-form

  

Electronic Form Template 8/06 (emp_con.dot)

This contract is
entered into by and between Phillip Bland (hereafter “you”) and Westaff (USA),
Inc. /Westaff Support, Inc. (“Westaff”).

Westaff hereby
agrees to hire you or continue your employment and you agree to accept
employment or continue your employment with Westaff upon the following terms
and conditions:

1. Duration. Your employment
shall start or continue as of August 27, 2007  and shall continue thereafter until terminated by
either party giving to the other two weeks’ advance notice of termination. However,
Westaff is not obliged to give you such advance notice if:

a.     Termination
occurs during the first year of your employment; or

b.     You
are a part-time employee; or

c.     You
accept an offer of employment with a business competitive to Westaff; or

d.     You
are terminated for misconduct, violation of this Contract or violation of
Westaff’s policies or rules as set forth in Westaff’s Employee Handbook or
otherwise made known to you.

2.
Terminable-At-Will. You are a “terminable-at-will” employee.
You may resign at any time with or without a reason. Likewise, Westaff may
dismiss you at any time with or without cause. You acknowledge that there are
no other express or implied agreements between you and Westaff for any specific
period of employment, or for continuing or long-term employment.

3. Pay. You
will be paid a beginning salary of $170,000 
per year or a wage of $                        
per hour. Your pay may be revised without impairing the effectiveness of any
other provisions of this Contract. Your pay will be paid in equal installments
every two weeks. Each pay period is distinct and severable, and your employment
for part of a pay period or part of a year will not entitle you to pay for more
than the time you actually worked. In the event your employment terminates
during a pay period, your pay will be prorated to the date of termination, and
will include earned vacation pay, if any.

4.
Confidentiality. Westaff is a provider of temporary staffing
and employment services. You acknowledge that by virtue of your employment, you
will become familiar with or have access to Westaff’s valuable proprietary
information, confidential data and trade secrets which include but are not
limited to, customers’ and employees’ names, addresses and telephone numbers,
bill and pay rates, employees’ pay and skills, other statistical information,
sales techniques, methods of operation, advertising materials, formulas and
operating manuals. As the misappropriation of such information, data or secrets
would result in great damage or loss to Westaff, you agree not to use any of it
for your own benefit and not to disclose it to, or allow the use of it by any
person, firm or corporation, whether during your Westaff employment or
thereafter.

5.
Non-Diversion. You agree that you will not, directly or
indirectly, either for yourself or for any other person, firm or corporation,
solicit or attempt to divert any Westaff customer or recruit any Westaff
employee during your Westaff employment and for a period of one year
thereafter. For purposes of this paragraph, a Westaff customer is defined as
any person, firm or corporation that Westaff has serviced within one year
preceding the termination of your employment and with whom you have had contact
on behalf of Westaff, and a Westaff employee is defined as any person who has
received salary or wages from Westaff within one year preceding the termination
of your employment.

Providing
Essential Staffing Services

6.
Non-Competition. You agree to devote your best efforts to the
performance of your Westaff duties and to perform no acts detrimental to
Westaff’s best interests. You will not engage in any other business nor work
for any other person or entity during your Westaff workday.  While employed by Westaff, you will not
engage in any competitive temporary staffing or employment services business.  Unless prohibited by the law in your
jurisdiction, you further agree that you will not engage in a competitive
temporary staffing or employment services business, in a same or similar
capacity in which you were employed by Westaff, for yourself or for any other
person, firm or corporation, within a radius of twenty-five miles from the
Westaff office(s) where you were working for a period of one year after the
termination of your Westaff employment.

7. Authority.
You shall have no authority to enter into any contract or agreement or
otherwise bind Westaff without the prior consent of an officer of Westaff.

8.
Property. Upon termination of your employment, you agree to
immediately deliver to Westaff all equipment, supplies, keys, manuals, monies,
overpayments, lists, records, resumes, diskettes or other material related to
the business of Westaff and all Westaff property of whatever nature in your
possession or control or which you may have entrusted to any other party.

9.
Violation. You acknowledge that the obligations and
restrictions set forth in this Contract are reasonably necessary for the
protection of Westaff’s business, goodwill, property, and customer and employee
relationships. You recognize that irreparable damage will result to Westaff in
the event of any violation of this Contract and hereby agree to the issuance of
a restraining order and/or an injunction against you for such a violation, in
addition to any other legal or equitable remedies Westaff may have.

10.
Assignment. Westaff’s rights and/or duties under this
Contract may be assigned or delegated to any successor of Westaff. However none
of your rights and/or duties under this contract may be assigned by you to any
other party.

11.
Modification. The terms of this Contract may be amended,
modified or replaced only by a subsequent written agreement signed by you and
an authorized representative of Westaff.

12.
Severability. Every provision of this Contract is distinct
and severable. If any such provision is held to be illegal, unenforceable or
void, it shall not affect the legality, enforceability or validity of any of
the other provisions.

13.
Acknowledgment. You hereby acknowledge that you have read and
understood this Contract. By signing below, you acknowledge receipt of a copy
of this Contract and agree to abide by its terms and conditions.

	
  Employee:

  	
  /s/ Phillip Bland

  	
   

  	
  Date:

  	
  August 27, 2007

  
	
   

  	
  (Signature of
  employee)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Westaff (USA), Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
     /s/ Debra L. Banks

  	
   

  	
  Location:

  	
  Walnut Creek, CA

  
	
  (Signature of Westaff representative)

  	
   

  	
   

  	
  (City, State and Westaff office number)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Printed Name:

  	
  Debra L. Banks

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  HR Manager

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