Document:

Form of Stock Option Grant Letter

 Exhibit 10.35 
 SAKS INCORPORATED 
 Stock Option Grant Document 
 «Name» 
 Name of Optionee 
 «Grant_Date» 
 Date of Grant 
 $«FMV_on_Grant_Date» 
 Stock Option Exercise
Price 
 «Number_of_Shares» 
 Number of Shares Subject to the Stock Option 
 Dear Optionee: 
 I am pleased to inform you that Saks Incorporated (the “Company”) has awarded to you a stock option for the number of shares of its common stock, $.10 par value, indicated above (the
“Option”). The Option was awarded to you pursuant and subject to the terms and conditions (1) of the Company’s 2004 Long Term Incentive Plan (the “Plan”), (2) the Stock Option Agreement
between the Company and you (the “Agreement”), and (3) this Stock Option Grant Document. This Stock Option Grant Document is a “Grant Document” referred to in the Agreement. 
 As described in and subject to the Agreement, you may exercise the Option at any time after one year from the date of grant indicated above as to 25% of such shares, at
any time after two years from the date of grant as to 50% of such shares, at any time after three years from the date of grant as to 75% of such shares, and at any time after four years from the date of grant as to 100% of such shares, but in no
event may you exercise the Option after the seventh anniversary of the date of grant indicated above. 
  

			
	Saks Incorporated
		
	By:	 	 

		 	Christine A. Morena
		 	Executive Vice President
		 	Human ResourcesNon-Qualified Deferred Compensation Plan

 Exhibit 10.6 
 Updated as of 12/20/07 
 MEMORANDUM OF UNDERSTANDING 
 CASUAL MALE RETAIL GROUP, INC. 
 NONQUALIFIED DEFERRED COMPENSATION PLAN 

 Casual Male Retail Group, Inc. has adopted a Nonqualified Deferred Compensation Plan for certain highly paid management associates. Such Plan, formerly
referred to as the “Wraparound Plan” and, effective on and after January 1, 2008, referred to herein as the “Deferred Compensation Plan” is intended to recognize the contribution of certain designated managerial associates
to the success of the Casual Male Retail Group, Inc. and its subsidiaries and to provide such managerial associates with the opportunity to defer compensation in addition to their deferrals under qualified plans sponsored by Casual Male Retail
Group, Inc. The Deferred Compensation Plan shall be operated in good faith compliance with Internal Revenue Code § 409A and the regulations and other guidance, until such time as final regulations are released regarding Code § 409A and a
final Deferred Compensation Plan document is prepared based on the following terms and conditions: 
  

	 	1.	Adoption and Effective Date 

  

	 	a.	Casual Male Retail Group, Inc. adopts a new nonqualified deferred compensation plan (the Wraparound Plan) with an original Effective Date of November 1, 2006.

  

	 	b.	Effective January 1, 2008, as a result of the adoption of a “safe harbor 401(k) Plan” designed to meet the requirements of Code § 401(k)(12) and Code §
401(m)(11), the “Wraparound” provisions of this Plan are no longer necessary and shall be eliminated. Any and all amounts applicable to the Wraparound Plan shall continue to be held under the Deferred Compensation Plan and shall be
governed by the terms as updated herein. 

  

	 	c.	The provisions of Internal Revenue Code § 409A governing the nature and timing of elections, withdrawals, and distributions under the Deferred Compensation Plan shall apply to
amounts deferred under the Deferred Compensation Plan. 

  

	 	2.	Employer and Plan Information 

  

	 	a.	Employer – Casual Male Retail Group, Inc. and, effective December 18, 2007, CMRG Apparel LLC 

  

	 	b.	Associated Plan : Casual Male Retail Group, Inc. 401(k) Salaried Plan 

  

	 	c.	Plan Administrator: Casual Male Retail Group, Inc. 

  

	 	d.	The Plan Year is the 12-consecutive month period ending December 31 of each year 

  

	 	e.	The first Plan Year is a short year that begins on the original Effective Date and ends on December 31, 2006. 

  

	 	3.	Eligibility to Participate 

  

	 	a.	Covered Employment includes only employment with the Employer as a management associate designated as eligible to participate in the Deferred Compensation Plan by the Plan
Administrator. 

  

	 	b.	In order for an Associate to participate in the Deferred Compensation Plan, he or she must be in Covered Employment and must also have been designated by the Employer as eligible to
participate hereunder. 

  

	 	c.	In the event an Associate participating in the Wraparound Plan, or effective January 1, 2008, the Deferred Compensation Plan, is transferred to or from Casual Male Retail
Group, Inc. to or from CMRG Apparel LLC, or any other wholly owned subsidiary Casual Male Retail Group, Inc., shall designate, such transfer shall in no event be deemed a separation from service and any elections under the Wraparound Plan, or
effective January 1, 2008, the Deferred Compensation Plan, in effect at the time of such transfer shall remain in full force and effect until the next annual enrollment for the succeeding calendar year. 

  

	 	4.	Associate Deferrals 

  

	 	a.	Associate Deferrals will be allowed under the Deferred Compensation Plan. 

  

	 	b.	Associate Deferral elections for a Plan Year must be made by December 31 of the year prior to the Plan Year in which the services to which the deferrals relate are performed.

  

	 	c.	Prior to January 1, 2008, by January 31 of the year following the Plan Year in which Associate Deferrals are made to the Wraparound Plan, the Employer will perform or
cause to be performed nondiscrimination testing of the Associated Plan to determine the maximum amount that each Participant in the Wraparound Plan may contribute to the Associated Plan with respect to the immediately preceding Plan Year. The
Associate Deferrals for each Participant not in excess of that amount is then contributed from the Wraparound Plan to the Associated Plan. The balance of the Associate Deferrals for the applicable Plan Year shall continue to be deferred under the
Wraparound Plan. On and after January 1, 2008 this paragraph shall cease to be effective. 

 Notwithstanding the
foregoing, Associate Deferrals will be allowed with respect to Compensation earned on and after November 1, 2006 and prior to December 31, 2006. 
  

 Page 1 of 3 

 Updated as of 12/20/07 
  

	 	4.	Associate Deferrals (con’t) 

  

	 	d.	Associate Deferrals will be made by means of payroll reduction, in any whole percentage or whole dollar amount of Compensation. There is no maximum imposed on Associate Deferrals
under the Deferred Compensation Plan. 

  

	 	e.	Compensation means earnings required to be reported in the Wages, Tips and Other Compensation box of Form W-2 excluding Associate Pre-Tax Contributions and other Elective Deferrals,
and elective contributions that are excluded from income under Code § 125 (cafeteria plan); and reimbursements or other expense allowances, fringe benefits (cash and non cash), moving expenses, deferred compensation and welfare benefits.

  

	 	5.	Matching Credits 

  

	 	a.	Matching Credits will be added to each Participant’s Account based on the amount of the Participant’s Associate Deferrals for the Plan Year and shall be determined
annually for each Plan Year by the Employer, in its absolute and sole discretion, and allocated to Participants in proportion to their Associate Deferrals for the Plan Year. 

  

	 	b.	The Employer intends to limit the Matching Credits to no more than $0.50 per dollar of the first six percent (6%) of Compensation. 

  

	 	c.	There is no maximum imposed on Matching Credits under the Deferred Compensation Plan. 

  

	 	d.	Effective prior to January 1, 2008, by January 31 of the year following the Plan Year in which Matching Credits are made to the Wraparound Plan, the Employer will perform
or cause to be performed nondiscrimination testing of the Associated Plan to determine the maximum amount of Employer Matching Contributions that may be contributed on behalf of each Participant in the Wraparound Plan to the Associated Plan with
respect to the immediately preceding Plan Year. The Employer Matching Credits for each Participant not in excess of that amount is then contributed from the Wraparound Plan to the Associated Plan. The balance of the Employer Matching Credits for the
applicable Plan Year shall continue to be deferred under the Wraparound Plan. On and after January 1, 2008 this paragraph will cease to be effective. 

  

	 	e.	A Participant will receive Matching Credits described above only if he or she is employed by the Employer on the last day of the Plan Year. 

  

	 	6.	Supplemental Credits 

  

	 	a.	Supplemental Credits, without regard to whether any Associate Deferrals have been made by a Participant for the Plan Year will be allowed under the Deferred Compensation Plan.

  

	 	b.	Supplemental Credits will be added by the Employer, in its discretion, and credited to the Participant Accounts in proportion to their Compensation (as defined in section 4c. above)
for the Plan Year. 

  

	 	c.	A Participant will receive Supplemental Credits described above only if he or she is employed by the Employer on the last day of the Plan Year. 

  

	 	d.	Notwithstanding section 6c., the last-day employment requirement will not apply in any case where a Participant’s employment terminates during the Plan Year due to the
Participant’s death, disability, or retirement after normal retirement age. 

  

	 	7.	Vesting and Forfeiture of Benefits 

  

	 	a.	Matching Credits and/or Supplemental Credits will be Vested according to the following schedule based on Years of Service with the Employer: 

  

				
	 Years of Service
	  	Percent Vested	 
	Less than 1 year	  	0	%
	At least 1 year but less than 2 years	  	34	%
	At least 2 years but less than 3 Years	  	67	%
	At least 3 years	  	100	%

  

	 	b.	Years of Service for purposes of Vesting shall be calculated under the actual hours method. 

  

	 	c.	Special Vesting Rules – Notwithstanding any vesting schedule set forth above, a Participant will become 100% Vested in his or her Account if: 

  

	 	i.	The Participant’s employment with the Employer is terminated due to death or disability; 

 or 
  

	 	ii.	There is a Change in Control as permitted under Code § 409A. 

  

	 	d.	Forfeiture Rule- Notwithstanding any other vesting schedule described above, a Participant will forfeit the following portion of his or her Participant Account attributable to
Matching Credits and/or Supplemental Credits if any of the events specified below has occurred with respect to the Participant as determined by the Plan Administrator in its sole discretion: 

  

			
	 Forfeited Percentage
	  	 Forfeiture Event

	100%	  	Termination for “Cause”, as defined by the Employer.
		
	50%	  	The Participant is employed by a competitor of the Employer within 12 months after termination of employment with Employer.

  

 Page 2 of 3 

 Updated as of 12/20/07 
  

	 	8.	Payment of Benefits 

  

	 	a.	Distributions of benefits under the Deferred Compensation Plan may be made on account of Retirement at or after the Participant’s Normal Retirement Age; disability, death,
termination of employment (i.e., separation from service), a Change in Control of the Employer, or Unforeseeable Emergency. 

  

	 	b.	Distributions of benefits under the Deferred Compensation Plan shall commence on a date chosen by the Participant at the same time he or she chooses the form of payment, but
commencing no later than 1 year following the Participant’s termination of employment. 

  

	 	c.	Distributions of benefits under the Deferred Compensation Plan shall commence as soon as practicable in a lump sum after the occurrence of a Change in Control.

  

	 	d.	The forms of distribution of benefits under the Deferred Compensation Plan shall be at the election of the Participant either in, 

  

	 	i.	A single lump-sum, 

  

	 	ii.	Installments over a fixed period, 

  

	 	iii.	Installments of a fixed dollar amount, or 

  

	 	iv.	A combination of lump sum and installment payments, as elected by the Participant and prescribed by the Plan Administrator. 

  

	 	v.	No installment payout period exceeding a period of three years may be elected, and no installment s of a fixed dollar amount may be elected if it is deemed likely to result in a
payment period in excess of the period of years specified above, as determined by the Plan Administrator in its sole discretion. 

  

	 	e.	If a Participant selects a date for the commencement of benefit payments and /or a form of benefits, such selection will be made at the time the Participant first becomes eligible
for the Deferred Compensation Plan, and the Participant may later elect a different payment form and date for commencement of payments, subject to the limitations of Code § 409A. Any such new election may not be effective until twelve months
after it is filed with the Plan Administrator. In addition, the benefit payment commencement date must be delayed for at least 5 years from the date of the originally elected commencement date. 

  

	 	f.	If a Participant dies before receiving payment of all amounts credited to his Participant Account, any amounts payable to the Participant’s Beneficiary will be paid in a lump
sum, as soon as practicable after the Participant’s death. 

  

	 	g.	A Participant may apply to the Plan Administrator for a cash distribution from the Plan, in the event of an Unforeseeable Emergency. 

 Unforeseeable emergency means a severe financial hardship of the Participant or beneficiary resulting from an illness or accident of the Participant or
beneficiary, the participant’s spouse or the beneficiary’s spouse or the Participant’s or beneficiary’s dependent ( as defined in Code section 152(a)); loss of the Participant’s or beneficiary’s property due to casualty
(including the need to rebuild a home following damage to a home not otherwise covered by insurance, for example, not as a result of a natural disaster); or other similar extraordinary and unforeseeable circumstances arising as a result of events
beyond the control of the Participant or beneficiary. 
 Distributions because of an unforeseeable emergency must be limited to the amount
reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay any Federal, state or local income taxes or penalties reasonably anticipated to result from the distribution). Determinations of amounts necessary to
satisfy the emergency must take into account any additional compensation that is available if the plan provides for cancellation of a deferral election upon a payment due to an unforeseeable emergency. 
 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals this 21st day of December, 2007. 
  

									
	CASUAL MALE RETAIL GROUP, INC.	 		 	CMRG APPAREL, LLC
					
	By:	 	 /s/ David A. Levin
	 		 	By:	 	  

		 	David A. Levin, President & CEO	 		 		 	Dennis R. Hernreich, EVP, COO & CFO

  

 Page 3 of 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]