Document:

Exhibit 10.19

EXHIBIT 10.19

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (the “Agreement”) is made on the 13th day of August 2010
by and between LINDSAY CORPORATION, a Delaware corporation (the “Company” or “Lindsay”) and Steve
Cotariu (the “Executive”).

WITNESSETH:

WHEREAS, the Company desires to employ Executive as President — Infrastructure Business; and

WHEREAS, the Company and Executive desire to obtain assurances of continued employment of Executive
for the period provided in this Agreement;

NOW, THEREFORE, in consideration of the foregoing and the mutual promises and agreements
hereinafter set forth, the Company and the Executive agree as follows:

ARTICLE I

EMPLOYMENT AND DUTIES

SECTION 1.1. Position and Responsibilities. The Company hereby employs the Executive to
render full-time exclusive services (as defined in Section SECTION 1.3 hereof) to the Company
during the Term (as hereinafter defined), subject to the direction of the President of Lindsay (the
“President”) or such other person as the President or the Board of Directors of Lindsay (the
“Board”) may designate from time to time (the President or such other person so designated, the
“Supervisor”). In such capacity and subject to such direction, the Executive shall (i) devote his
full professional time and attention, best efforts, energy and skills to the services required of
him as an employee of the Company, except for paid time off taken in accordance with the Company’s
policies and practices, and subject to the Company’s policies pertaining to reasonable periods of
absence due to sickness, personal injury or other disability; (ii) use his best efforts to promote
the interests of the Company; (iii) comply with all applicable governmental laws, rules and
regulations and with all of the Company’s policies, rules and/or regulations applicable to the
employees of the Company, including, without limitation, the Code of Business Conduct and Ethics of
the Company as amended from time to time; and (iv) discharge his responsibilities in a diligent and
faithful manner, consistent with sound business practices and in accordance with the Supervisor’s
directives. As of the date of this Agreement, the Executive is serving as the President -
Infrastructure Business of the Company.

SECTION 1.2. Acceptance. The Executive hereby accepts such employment and agrees to render
the services described above in the manner described above.

SECTION 1.3. Exclusive Service. It is understood and agreed that the Executive may not
engage in other business activities during the Term, whether or not for profit or other pecuniary
advantage; provided, however, that the Executive may make financial investments which do not
involve his active participation and may engage in other activities such as participation in
charitable, educational, religious, civic and similar type organizations and similar types of
activities and, with the consent of the President, may serve as an outside director on the board of
directors of other corporations which are not affiliates or competitors of the Company or any of
its affiliates, all to the extent that such activities do not hinder or interfere with the
performance of his duties under this Agreement or conflict with the policies of Lindsay concerning
conflicts of interest or with the businesses of Lindsay or any of its affiliates in any material
way.

ARTICLE II

TERM

SECTION 2.1. Term. Beginning on September 6, 2010, the Executive will be employed by the
Company for a period of twelve (12) months, unless his employment is terminated at an earlier date
in accordance with ARTICLE IV (the “Term”), provided that on each date thereafter the Term shall
automatically be extended for an additional day, unless the Company notifies Executive in writing
that it does not wish to further extend the Term. Accordingly, this Agreement shall have a
remaining Term of twelve (12) months from the date when the Company notifies the Executive in
writing that it does not wish to further extend the Term. Those obligations which by their
terms survive the termination of this Agreement shall not be extinguished by the expiration of the
Term or the termination of this Agreement.

 

 

 

ARTICLE III

COMPENSATION

SECTION 3.1. Basic Salary. As of the date of this Agreement, the Executive’s annual base
salary (“Salary”) is $275,000. Executive’s Salary may be increased from time to time based on
merit or such other considerations as the Compensation Committee of the Board (“Compensation
Committee”) may deem appropriate, and prior to a Change in Control (as defined in Section 4.8
herein) may be reduced as part of a general across the board Salary reduction that is applicable to
all senior executives with comparable responsibility, title or stature. The Salary shall be
payable in periodic installments in accordance with the Company’s regular payroll practices as in
effect from time to time.

SECTION 3.2. Bonus; Equity Incentives. In addition to the Salary:

(a) The Executive shall be eligible to receive an annual bonus (“Bonus”), in the discretion of the
Compensation Committee, based on the performance of the Company relative to financial objectives
and the performance of the Executive relative to personal objectives, in each case as such
objectives are set forth in the Company’s annual management incentive plan. The Executive’s target
Bonus shall be 45% of his Salary beginning Fiscal 2011, subject to change in the discretion of the
Compensation Committee prior to a Change in Control.

(b) The Executive shall be eligible to receive annual performance stock units, restricted stock
units and/or other equity or long-term incentives, in the discretion of the Compensation Committee.

SECTION 3.3. Pro-ration and Payment of Taxes. All required employment taxes, withholding
and deductions shall be deducted from the Salary and the Bonus. If the Executive does not work any
full year or this Agreement has been terminated before the end of any year, the Salary shall be
pro-rated for the period actually worked.

SECTION 3.4. Benefits. The Executive shall be eligible to participate in and receive the
benefits under any deferred compensation plan, health, life, accident and disability insurance
plans or programs, relocation programs and any other employee benefit or fringe benefit plans or
arrangements that the Company makes available generally to other senior executives of the Company,
pursuant to the provisions of such plans or arrangements as in effect from time to time.

SECTION 3.5. Vacations. The Executive will be entitled to vacation and sick days in
accordance with the policies of the Company for its employees generally, as in effect from time to
time. Vacation must be taken by the Executive at such time or times as reasonably approved by the
President.

SECTION 3.6. Expenses. The Company shall pay or reimburse the Executive for all
reasonable, ordinary and necessary business expenses incurred or paid by the Executive during the
Term in the performance of the Executive’s services under this Agreement in accordance with the
applicable policies and procedures of the Company as in effect from time to time, upon the
presentation of proper expense statements or such other supporting documentation as the Company may
reasonably require.

ARTICLE IV

TERMINATION OF EMPLOYMENT

SECTION 4.1. General. The Executive’s employment may be terminated by the Company during
the Term as provided in this ARTICLE IV. Upon termination of employment, the Term shall end and
the Executive shall be paid the pro-rated portion of the Salary accrued but unpaid to the date of
his termination. The Executive’s rights under the Company’s employee benefit plans shall be
determined under the provisions of such plans and/or applicable law and any payments due under such
plans shall be distributed pursuant to the provisions thereof.

SECTION 4.2. Death or Disability. The Executive’s employment hereunder shall terminate
automatically as of the date of his death, and the Company may at any time at its option, exercised
by notice to the Executive, terminate his employment for “disability” (as hereinafter defined). In
the event of termination for death or disability, the Company, subject to the provisions of Section
SECTION 4.1, shall have no further obligations or liabilities to the Executive hereunder. For
purposes of this Agreement, the term “disability” means any physical or mental illness,
disability or incapacity which, in the good faith determination of the Board, prevents the
Executive from performing the essential functions of his position hereunder for a period of not
less than ninety consecutive days (or for shorter periods totaling not less than one hundred and
twenty days) during any period of twelve consecutive months.

 

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SECTION 4.3. Cause. The Company may, at any time, at its option, exercised by notice to
the Executive, terminate his employment for cause when cause exists. In the event of termination
for cause, the Company, subject to the provisions of Section SECTION 4.1, shall have no further
obligations or liabilities to the Executive hereunder. For purposes of this Agreement, the term
“cause” means (i) any conviction of the Executive for a felony or misdemeanor (other than for minor
motor vehicle offenses or other minor offenses); (ii) any material breach by the Executive of this
Agreement or the willful failure of the Executive to comply with any lawful directive of the
Supervisor, the President or the Board or any lawful policy of the Company; or (iii) dishonesty or
gross negligence by the Executive in the performance of his duties hereunder.

SECTION 4.4. Other Than For Cause. The Company may, at any time, at its option, terminate
the employment of the Executive other than for cause, death or disability, in which event the
Company shall pay to Executive in a lump sum, within ninety (90) days of such termination, an
amount equal to one (1) times Executive’s Salary (or Executive’s Salary plus target Bonus in the
event of termination other than for cause, death or disability within one year following a Change
in Control), at the rate in effect on the date of his termination, subject to execution of the
release referred to in Section 4.6 below and the expiration of all revocation periods under
applicable law with respect to such release (and subject to continued compliance by the Executive
with ARTICLE V). This amount shall be in lieu of and shall be reduced by any termination or
severance pay representing Salary or Bonus which is payable to Executive under any Proprietary
Matters Agreement, offer of employment letter or other agreement with the Company or any of its
affiliates.

In the event the Executive voluntarily terminates his employment with the Company for Good
Reason (as defined below) at any time within one year after a Change in Control, such event shall
be considered equivalent to a termination without cause, and the Executive shall be entitled to
receive the same payment provided in the previous paragraph for termination without cause within
one year after a Change in Control. “Good Reason” will exist if: (a) Executive’s Salary, target
Bonus or total compensation opportunity (including Salary, target Bonus and long-term incentive
compensation opportunity) is reduced below the level in effect immediately prior to the Change in
Control, (b) Executive’s title, duties or responsibilities with the Company are significantly
reduced from those in effect immediately prior to the Change in Control, or (c) Executive is
required to relocate his principal office to a location more than fifty (50) miles from its
location immediately prior to the Change in Control, provided that the Executive must furnish
written notice to the Company setting forth the reasons for Executive’s intention to terminate
employment for Good Reason under this paragraph, and the Company shall have an opportunity to cure
the actions or omissions forming the basis for such intended termination, if possible, within
thirty (30) days after receipt of such written notice.

SECTION 4.5. Extension. Any extension of the Term (other than automatic extensions under
Section 2.1) must be agreed upon in writing by both parties hereto.

SECTION 4.6. Satisfaction of Liabilities. No amounts shall be payable by the Company to
the Executive under this ARTICLE IV until the Executive executes a general release in a form
reasonably acceptable to the Company. Upon the delivery of such executed general release to the
Company and subject to the Company’s compliance with Section 4.4, the Company shall have no further
liability of any kind or nature whatsoever to the Executive under this Agreement.

SECTION 4.7. Assistance to Company. The Executive agrees that in the event any
administrative or legal proceeding is instituted against the Company or any of its affiliates in
connection with any action taken while the Executive was in the Company’s employ, the Executive
will provide reasonable assistance and cooperation in defense of such action or proceeding.

SECTION 4.8. Change in Control. For purposes of this Agreement, “Change in Control” shall
mean any of the following events: (a) a dissolution or liquidation of the Company, (b) a sale of
substantially all of the assets of the Company, (c) a merger or combination involving the Company
after which the owners of Common Stock of the Company immediately prior to the merger or
combination own less than 50% of the outstanding shares of common stock of the surviving
corporation, or (d) the acquisition of more than 50% of the outstanding shares of Common Stock of
the Company, whether by tender offer or otherwise, by any “person” (as such term is used in Section
13(d)
and 14(d) of the Securities Exchange Act of 1934) other than a trustee or other fiduciary holding
securities under an employee benefit plan of the Company.

 

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ARTICLE V

COVENANTS AND REPRESENTATIONS

SECTION 5.1. Proprietary Matters Agreement. The Executive acknowledges that he has
previously entered into a Proprietary Matters Agreement with the Company and agrees to comply with
and be bound by all of the provisions of the Proprietary Matters Agreement that apply to him, and
Executive agrees that the payments provided for under this Agreement shall be in lieu of and shall
be reduced by any amounts which are payable to Executive under the Proprietary Matters Agreement.

SECTION 5.2. Enforcement. If the Executive commits a material breach of any of the
provisions of the Proprietary Matters Agreement referred to in Section 5.1, the Executive shall
forfeit all rights to receive any amounts of any nature whatsoever from the Company under this
Agreement or otherwise, and the Company will be entitled to the remedies provided under the
Proprietary Matters Agreement and any other rights and remedies the Company may have pursuant to
applicable laws.

SECTION 5.3. Representation. The Executive represents and warrants to the Company that he
has full power to enter into this Agreement and perform his duties hereunder and that his execution
and delivery of this Agreement and his performance of his duties hereunder shall not result in a
breach of or constitute a default under any agreement or understanding, oral or written, to which
he is a party or by which he may be bound.

ARTICLE VI

MISCELLANEOUS

SECTION 6.1. Voluntary Nature. The Executive represents, warrants and acknowledges that he
is voluntarily agreeing to the provisions of this Agreement. The Executive has been urged to, and
hereby represents, warrants and acknowledges that he has had the opportunity to, obtain the advice
of his own attorney unrelated to the Company or any of its affiliates prior to executing and
delivering this Agreement.

SECTION 6.2. Notice. Any notice required or permitted to be given under this Agreement
shall be sufficient if it is in writing and is delivered in person or sent by certified mail,
return receipt to (i) his current residence, in the case of the Executive, or (ii) the President at
Lindsay’s principal corporate office, in the case of the Company. Notice shall be deemed effective
upon receipt if made by personal delivery or upon deposit in the United States mail.

SECTION 6.3. Non-Assignability. Neither of the parties hereto shall have the right to
assign this Agreement or any rights or obligations hereunder without the prior written consent of
the other party; provided, however, that the Company may assign this Agreement without the prior
written consent of the Executive to any purchaser of the Company or of all or substantially all of
the Company’s assets, or to the surviving entity upon any merger or consolidation of the Company
with or into another entity.

SECTION 6.4. Applicable Law. This Agreement and the relationship of the parties in
connection with the subject matter of this Agreement shall be construed and enforced according to
the laws of the state of Nebraska without giving effect to the conflict of law rules thereof.

SECTION 6.5. Effect of Prior Agreements. This Agreement (together with the Proprietary
Matters Agreement) contains the full and complete agreement of the parties relating to the
employment of the Executive hereunder. This Agreement may not be amended, modified or supplemented
and no provision or requirement may be waived except by written instrument signed by the party to
be charged.

SECTION 6.6. Severability. Wherever possible, each provision of this Agreement will be
interpreted in a manner to be effective and valid, but if any provision is held invalid or
unenforceable by any court of competent jurisdiction, then such provision will be ineffective only
to the extent of such invalidity or unenforceability, without invalidating or affecting in any
manner the remainder of such provision or the other provisions of this Agreement.

 

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SECTION 6.7. Absence of Waiver. The failure to enforce at any time any of the provisions
of this Agreement or to require at any time performance by the other party of any of the provisions
hereof shall in no way be construed to
be a waiver of such provisions or to affect either the validity of this Agreement or any part
hereof or the right of either party thereafter to enforce each and every provision in accordance
with the terms of this Agreement.

SECTION 6.8. Arbitration. Any dispute, disagreement or other question arising under this
Agreement or the interpretation thereof shall be settled by final and binding arbitration before a
single arbitrator under the arbitration provisions of the Employment Dispute Resolution Rules of
the American Arbitration Association then in effect, and judgment upon the award may be entered in
any court having jurisdiction thereof.

SECTION 6.9. I.R.C. §409A. Exhibit A which is attached to this Agreement modifies and
clarifies certain terms and condition of this Agreement in order to comply with Section 409A of the
Internal Revenue Code. It is hereby incorporated by reference as part of this Agreement as if set
forth herein.

SECTION 6.10. Counterparts. This Agreement may be executed in counterparts, each of which
shall constitute one and the same instrument.

[Remainder of Page Left Blank Intentionally]

 

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IN WITNESS WHEREOF, the parties have executed and delivered this agreement as of the date first
above written.

	 	 	 	 	 
	Company:	LINDSAY CORPORATION

 	 
	 	By:  	/s/ Richard W. Parod
 	 
	 	 	Name:  	Richard W. Parod 	 
	 	 	Title:  	President and CEO 	 
	 
	Executive:	/s/ Steve Cotariu
 	 
	 	Name:  	Steve Cotariu 	 

 

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EXHIBIT A TO LINDSAY CORPORATION

EMPLOYMENT AGREEMENT

I.R.C. § 409A

This Exhibit A to the Lindsay Corporation Employment Agreement (“Agreement”) modifies and
clarifies certain terms and conditions of the Employment Agreement between Lindsay Corporation
(“Company”) and the Executive (herein referred to as “Employee”). The purpose of this Exhibit A is
to comply with Section 409A of the Internal Revenue Code (“Section 409A”)

1. Termination of Employment. To the extent that the Agreement provides for any
termination payments to be made or provided to Employee as a result of involuntary termination of
employment without cause or by Employee for Good Reason, Employee will be considered to have
experienced a termination of employment when Employee has a “separation from service” within the
meaning of Section 409A.

In general, Employee will have a “separation from service” within the meaning of Section 409
as of the date that the level of bona fide services that Employee is expected to perform
permanently decreases to no more than 20% of the average level of bona fide services that Employee
performed over the immediately preceding 36-month period (or the full period of services if
Employee has been providing services less than 36 months).

For these purposes, “services” include services that Employee provides as an employee or as an
independent contractor. In addition, in determining whether Employee has experienced a “separation
from service,” the Company is obligated to take into account services Employee provides both for it
and for any other corporation that is a member of the same “controlled group” of corporations as
the Company under Section 414(b) of the Internal Revenue Code or any other trade or business (such
as a partnership) which is under common control with the Company as determined under Section 414(c)
of the Internal Revenue Code, in each case as modified by Section 409A. In general, this means
that the Company will consider services Employee provides to any corporation or other entity in
which Lindsay Corporation, directly or indirectly, possesses at least 50% of the total voting power
or at least 50% of the total value of the equity interests.

2. Release and Timing of Termination Payments. The Release which Employee is required to
deliver to the Company in order to receive termination payments under the Agreement shall be
delivered to Company not later than 30 days following Employee’s “separation from service.” Except
as provided in Paragraph 3 below, Employee’s lump sum termination payment shall be paid in full on
the first regular payday following Employee’s “separation from service” after Employee’s right to
revoke the Release pursuant to applicable law has lapsed, but in no event later than ninety (90)
days following Employee’s “separation from service.”

3. Required Delay in Payment for “Specified Employees". Each of the payments under this
Agreement shall be considered a separate payment for purposes of Section 409A. Notwithstanding any
provision to the contrary in this Agreement, if (a) Employee is a “specified employee” within the
meaning of Section 409A for the period in which any payment or benefit under this Agreement would
otherwise commence or be made, and (b) such payment or benefit under this Agreement would otherwise
subject Employee to any tax, interest or penalty imposed under Section 409A if the payment or
benefit were to commence or be made within six months of Employee’s termination of employment with
the Company, then all such payments or benefits that would otherwise be paid during the first six
months after Employee’s “separation from service” within the meaning of Section 409A shall be
accumulated and shall be paid on the earlier of (1) the first day which is at least six months
after Employee’s “separation from service” within the meaning of Section 409A or (2) the date of
Employee’s death.

4. Reimbursements. If Employee is entitled to receive during or following termination of
employment any reimbursements that constitute deferred compensation for purposes of Section 409A,
(a) any such reimbursements shall be paid no later than the last day of the calendar year following
the calendar year in which the related expense was incurred; (b) the amounts eligible for
reimbursement in any calendar year shall not affect the amounts eligible for reimbursement in any
other calendar year, and (c) the right to reimbursement is not subject to liquidation in exchange
for any other payment or benefit.

5. No Liability of Company. Lindsay Corporation shall not be liable to Employee for any
taxes, interest or penalties which may be imposed on Employee under Section 409A or corresponding
provisions of state laws.

 

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Exhibit 10.1

LICENSE AGREEMENT

     THIS AGREEMENT is effective as of the 5th day of November, 2010, by and between the
George Zimmer 1988 Living Trust, a California trust with an address of 40650 Encyclopedia Circle,
Fremont, California 94538 (hereinafter called “LICENSOR”), and The Men’s Wearhouse, Inc., a
corporation organized and existing under the laws of Texas, with an office located at 6380
Rogerdale Road, Houston, Texas 77072 (hereinafter called “LICENSEE”).

     WHEREAS, LICENSOR is the owner of service marks (the “Marks”) which are likenesses of George
Zimmer one of which has been registered by the U.S. Patent and Trademark Office (Registration No.
2,655,808) for use in connection with “retail clothing store services; licensing others the right
to use and/or exploit the likeness of George Zimmer,” and another of which has been registered by
the U.S. Patent and Trademark Office (Registration No. 3,398,879) for use in connection with dry
cleaning and laundry services and tailoring and clothing alterations; and

     WHEREAS, LICENSEE is desirous of continuing to use the Marks in its business in connection
with the activities denominated by the Marks;

     NOW, THEREFORE, in consideration of the foregoing and of the mutual promises hereinafter set
forth, the parties agree as follows:

     1. GRANT OF LICENSE

     LICENSOR grants to LICENSEE and its affiliates and subsidiaries a worldwide exclusive,
nontransferable license to use the Marks in connection with the services listed in the above
mentioned registrations and applications. LICENSEE shall, however, have the right to assign the
license to its affiliates and subsidiaries or to a purchaser of the majority of LICENSEE’s assets.
LICENSEE accepts the license subject to the following additional terms and conditions.

     2. LICENSEE FEE

     LICENSEE shall pay LICENSOR an annual license fee of $10,000 payable by February 15 of each
year, beginning February 15, 2011, as long as George Zimmer remains an employee of LICENSEE. After
George Zimmer ceases to be an employee of LICENSEE, whether as a result of death, disability,
retirement or otherwise, LICENSEE shall pay to LICENSOR, or its successor in interest, as the case
may be, $250,000 per year for a period of four years, payable in annual installments as follow:
(a) if George Zimmer ceases to be an employee of LICENSEE as a result of the death of George
Zimmer, the first annual installment shall be paid on the last day of the month in which George
Zimmer dies and the remaining installment payments shall be paid annually on the corresponding day
of the same month in each of the three following years and (b) if George Zimmer ceases to be an
employee of LICENSEE for any other reason, the first annual installment shall be paid on the date
that is six months following the date that George Zimmer incurs a Separation From Service from
LICENSEE and the remaining installment payments shall be paid annually in each of the three
following years on the last day of the month in which occurs the anniversary of the date that
George Zimmer incurred a Separation From Service from LICENSEE. The term “Separation From Service”

 

 

shall have the meaning ascribed to such terms in section 409A of the Internal Revenue Code of 1986, as amended, and the rules,
regulations and guidance issued thereunder by the Internal Revenue Service and the Department of
Treasury. At its option and in its sole discretion, LICENSEE may continue the License and this
License Agreement in effect, after the four year period, for consecutive annual periods by giving
LICENSOR or its successor in interest, as the case may be, 60 days written notice of LICENSEE’S
intention to continue the License prior to the end of the initial four year period and prior to the
end of each additional one year period and by continuing to pay LICENSOR or its successor in
interest, as the case may be, $250,000 a year in equal monthly installments. LICENSEE may continue
to exercise its option to extend the License and this License Agreement for one year periods
indefinitely; provided that if at any time the LICENSEE fails to extend the License or fails to
make the payment required to extend the License, LICENSOR or its successor in interest, as the case
may be, shall have the right to terminate the License and this License Agreement upon written
notice to the LICENSEE.

     3. OWNERSHIP OF THE MARKS

     LICENSEE acknowledges the ownership of the Marks in LICENSOR, agrees that it will do nothing
inconsistent with such ownership and that all use of the Marks by LICENSEE shall inure to the
benefit of and be on behalf of LICENSOR. LICENSEE agrees to assist LICENSOR in registering the
Marks or in recording this License Agreement with appropriate government authorities, if any.
LICENSEE agrees that nothing in this License Agreement shall give LICENSEE any right, title or
interest in the Marks other than the right to use the Marks in accordance with this License
Agreement and LICENSEE agrees that it will not attack the title of LICENSOR to the Marks or attack
the validity of this License Agreement.

     4. QUALITY STANDARDS

     LICENSEE agrees that the nature and quality of all services it renders in connection with the
Marks and all related advertising, promotional and other related uses of the Marks shall conform to
reasonable standards set by LICENSOR. The parties agree that the quality of LICENSEE’s uses of the
Marks as of the day this License Agreement is executed are, and shall continue to be, acceptable.

     5. QUALITY MAINTENANCE

     LICENSEE agrees to cooperate with LICENSOR to facilitate LICENSOR’s control of such nature and
quality, to permit reasonable inspection of LICENSEE’s operation, and to supply LICENSOR with
specimens of all uses of the Marks upon request. LICENSEE shall comply with all applicable laws and
regulations to obtain all appropriate government approvals pertaining to the sale, distribution and
advertising of goods and services covered by this License Agreement.

     6. FORM OF USE

     LICENSEE agrees to use the Marks only in the form and manner and with appropriate legends as
prescribed from time to time by LICENSOR. Those uses existing as of the day this License Agreement
is executed are deemed acceptable and representative of the types of uses LICENSOR has approved and
such uses together with any other uses approved by LICENSOR

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thereafter, shall continue to be deemed to be approved even though George Zimmer may cease to
be an employee for any reason, including death.

     7. INFRINGEMENT PROCEEDINGS

     LICENSEE agrees to notify LICENSOR of any unauthorized use of the Marks by others as it comes
to LICENSEE’s attention. LICENSEE shall have the sole right and discretion to bring infringement or
unfair competition proceedings involving the Marks. All costs of such proceedings shall be borne by
LICENSEE and all benefits received from such proceedings shall be received by LICENSEE.

     8. TERM

     This License Agreement shall be perpetual unless terminated as provided for herein.

     9. TERMINATION FOR CAUSE

     LICENSOR shall have the right to terminate this License Agreement upon ten (10) days written
notice to LICENSEE (i) if LICENSEE were to use the Marks in a way in violation of the provisions of
Section 4 or 6 and shall not have cured such violation within thirty (30) days of written notice
thereof, (ii) in the event of any affirmative act of insolvency by LICENSEE, (iii) upon the
appointment of any receiver or trustee to take possession of the properties of LICENSEE or upon the
winding-up, sale, consolidation, merger (other than a merger in which LICENSEE is the surviving
corporation) or any sequestration by governmental authority with respect to LICENSEE, (iv) upon a
material breach of any of the other provisions hereof by LICENSEE or (v) upon the occurrence of a
Change-in-Control, other than an approved Change-in-Control, but only within the first year after
such Change-in-Control. For purposes hereof, an Approved Change-in-Control shall be a
Change-in-Control of LICENSEE with respect to which George Zimmer either caused a majority of the
shares of voting stocks of LICENSEE held directly or indirectly by him to be voted for the
transaction giving rise to the Change-in-Control or, as director of LICENSEE, voted in favor
thereof. Change-in-Control shall mean, with respect to the LICENSEE, (a) any person or group, as
defined under the Securities Exchange Act of 1934, of persons, other than George Zimmer or any
affiliates of George Zimmer, owning or controlling the right to vote 25% or more of the voting
stock of LICENSEE; (b) the merger or consolidation of LICENSEE with another person if after giving
effect thereto, a person or a group of persons, other than George Zimmer or any affiliates of
George Zimmer, owns or has the power to vote 25% or more of the capital stock of the surviving
corporation, (c) the sale of all or substantially all the assets of LICENSEE; or (d) a majority of
the members of the board of directors of LICENSEE are persons who were neither approved for
nomination by, nor elected to the board of directors of LICENSEE by, a majority of the board of
directors who were directors on October 20, 2010, or directors nominated by or elected by a
majority of such directors.

     10. EFFECT OF TERMINATION

     Upon termination of this License Agreement, LICENSEE agrees to promptly discontinue all use of
the Marks, to cooperate with LICENSOR or its appointed agent to apply to the appropriate
authorities to cancel recording of this License Agreement from all government

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records, to destroy all materials bearing the Marks, and that all rights in the Marks and the
goodwill connected therewith shall remain the property of LICENSOR.

     11. INTERPRETATION OF AGREEMENT

     It is agreed that this License Agreement shall be interpreted according to the laws of the
State of Texas.

     12. ENTIRE AGREEMENT

     This License Agreement constitutes the entire agreement of the parties regarding the subject
matter hereof, and supersedes and terminates all prior agreements, arrangements or understandings
and all obligations, both written and oral, between the parties with respect to the Marks.

     IN WITNESS WHEREOF, the parties hereto have caused this License Agreement to be executed as of
the day and year first above written.

	 	 	 	 	 
	 	GEORGE ZIMMER 1988 LIVING TRUST

 	 
	 	By:  	/s/ GEORGE ZIMMER
 	 
	 	 	George Zimmer, Trustee 	 
	 	 	 	 
	 
	 	THE MEN’S WEARHOUSE, INC.

 	 
	 	By:  	/s/ NEILL P. DAVIS
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 

-4-

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