SEC Contract Filing

Filing Date: 2016-09-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101q22016.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s8a3097491b984cb6b6b03f19239b09b6"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.1</font></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">STANDARD EXECUTIVE SEVERANCE AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BETWEEN</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DSW INC.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AND</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">JARED POFF</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This Standard Executive Severance Agreement (&#8220;Agreement&#8221;) by and between DSW Inc. (&#8220;Company&#8221;) and Jared Poff (&#8220;Executive&#8221;), collectively, the &#8220;Parties,&#8221; is effective as of the date signed (&#8220;Effective Date&#8221;) and supersedes and replaces any other oral or written employment-related agreement between the Executive and the Company.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The severance offer to the Executive is provided by the Company in exchange for the Executive&#8217;s performance of the obligations described in this Agreement. The Executive agrees that the severance offered is adequate consideration for the performance of the duties and the covenants and releases made and entered into by and between the Executive and the Company in this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.00</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXECUTIVE&#8217;S OBLIGATIONS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.01</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Scope of Duties.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;The Executive will:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[1]</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Devote all available business time, best efforts and undivided attention to the Company&#8217;s business and affairs; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[2]</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[3]</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;However, the restriction described in Section 1.02[1] and [2] will not preclude the Executive from:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[a]</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.05], regardless of when and how that investment was made; or</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[b]</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[i]</font><font style="font-family:inherit;font-size:10pt;">&#160;does not interfere with the performance of duties under this Agreement and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[ii]</font><font style="font-family:inherit;font-size:10pt;">&#160;is approved by the Executive&#8217;s manager.</fo