Document:

Exhibit 10.4

 

 

 

 

March 13, 2008

 

Peter Edison

 

Dear Peter:

 

The 2008 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization).

 

	
            35.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  9,300,000
 
	
            42.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $10,400,000
 
	
            57.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $11,500,000
 
	
            85.83%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $12,500,000
 
	
            99.17%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $13,500,000
 
	
            112.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $14,500,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately.

 

A quarterly update will be sent in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2008 bonus period covers the fiscal months of February 2008 through January 2009.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

We are excited about the challenges and prospects in the coming year.  We hope it is a good year for all of our shareholders and us.

 

	
             
 	
            Sincerely,
 

 

	
             
 	
            /s/ Andrew Baur
 

 

	
             
 	
            Andrew Baur
 

	
             
 	
            Chairman, Compensation Committee
 

 

ss

 

2815 Scott Avenue • Saint Louis, Missouri 63103 • (314) 621-0699 • Fax (314) 621-0708Exhibit 10.5

 

 

 

 

March 13, 2008

Stan Tusman

 

Dear Stan:

 

The 2008 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization).

 

	
            15%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  7,300,000
 
	
            22.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  8,300,000
 
	
            30%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  9,300,000
 
	
            37.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $10,400,000
 
	
            50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $11,500,000
 
	
            62.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $12,500,000
 
	
            75%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $13,500,000
 
	
            87.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $14,500,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately.

 

A quarterly update will be sent in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2008 bonus period covers the fiscal months of February 2008 through January 2009.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

We are excited about the challenges and prospects in the coming year.  We hope it is a good year for all of our shareholders and us.

 

	
             
 	
            Sincerely,
 

 

	
             
 	
            /s/ Peter Edison
 

 

	
             
 	
            Peter Edison
 

 

ss

 

2815 Scott Avenue • Saint Louis, Missouri 63103 • (314) 621-0699 • Fax (314) 621-0708Exhibit 10.6

 

 

 

 

March 13, 2008

 

Mark Ianni

 

Dear Mark:

 

The 2008 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization).

 

	
            15%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  7,300,000
 
	
            22.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  8,300,000
 
	
            30%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  9,300,000
 
	
            37.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $10,400,000
 
	
            50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $11,500,000
 
	
            62.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $12,500,000
 
	
            75%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $13,500,000
 
	
            87.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $14,500,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately.

 

A quarterly update will be sent in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2008 bonus period covers the fiscal months of February 2008 through January 2009.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

We are excited about the challenges and prospects in the coming year.  We hope it is a good year for all of our shareholders and us.

 

	
             
 	
            Sincerely,
 

 

	
             
 	
            /s/ Peter Edison
 

 

	
             
 	
            Peter Edison
 

 

ss

 

2815 Scott Avenue • Saint Louis, Missouri 63103 • (314) 621-0699 • Fax (314) 621-0708Exhibit 10.7

 

 

 

 

March 13, 2008

 

Joe Vander Pluym

 

Dear Joe:

 

The 2008 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization).

 

	
            15%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  7,300,000
 
	
            22.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  8,300,000
 
	
            30%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  9,300,000
 
	
            37.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $10,400,000
 
	
            50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $11,500,000
 
	
            62.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $12,500,000
 
	
            75%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $13,500,000
 
	
            87.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $14,500,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately.

 

A quarterly update will be sent in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2008 bonus period covers the fiscal months of February 2008 through January 2009.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

We are excited about the challenges and prospects in the coming year.  We hope it is a good year for all of our shareholders and us.

 

	
             
 	
            Sincerely,
 

 

	
             
 	
            /s/ Peter Edison
 

 

	
             
 	
            Peter Edison
 

 

ss

 

2815 Scott Avenue • Saint Louis, Missouri 63103 • (314) 621-0699 • Fax (314) 621-0708Exhibit 10.8

 

 

 

 

March 13, 2008

 

Charlie Daniel

 

Dear Charlie:

 

The 2008 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization).

 

	
            15%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  7,300,000
 
	
            22.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  8,300,000
 
	
            30%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $  9,300,000
 
	
            37.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $10,400,000
 
	
            50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $11,500,000
 
	
            62.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $12,500,000
 
	
            75%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $13,500,000
 
	
            87.5%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of  $14,500,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately.

 

A quarterly update will be sent in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2008 bonus period covers the fiscal months of February 2008 through January 2009.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

We are excited about the challenges and prospects in the coming year.  We hope it is a good year for all of our shareholders and us.

 

	
             
 	
            Sincerely,
 

 

	
             
 	
            /s/ Peter Edison
 

 

	
             
 	
            Peter Edison
 

 

ss

 

2815 Scott Avenue • Saint Louis, Missouri 63103 • (314) 621-0699 • Fax (314) 621-0708

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