SEC Contract Filing

Filing Date: 2024-06-05

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ef20030655_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Exhibit 10.1<br>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">OLLIE&#8217;S BARGAIN OUTLET, INC.</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">6295 Allentown Boulevard &#8212; Suite A</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Harrisburg, Pennsylvania 17112</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">May 20, 2024</div>
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 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Chris Zender</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">[***]</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">[***]<br>
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 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Dear Chris:</div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">This letter agreement (the &#8220;<font style="font-family: 'Times New Roman';"><u>Agreement</u></font>&#8221;) sets forth the terms and conditions of your
 employment with Ollie&#8217;s Bargain Outlet, Inc. (the &#8220;<font style="font-family: 'Times New Roman';"><u>Company</u></font>&#8221;), an indirect, wholly owned subsidiary of Ollie&#8217;s Bargain Outlet Holdings, Inc. (&#8220;<font style="font-family: 'Times New Roman';"><u>OBO

 Holdings</u></font>&#8221;).</div>
 <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS the Company desires to employ you and you desire to be employed by the Company pursuant to the terms and conditions set forth in this
 Agreement.</div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">NOW, THEREFORE, in consideration of the foregoing, and of the mutual covenants contained herein, the Company and you agree as follows:</div>
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 <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">1.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman';"><font style="font-family: 'Times New Roman';"><u>Effective Date; Term</u></font>.&#160; Your employment hereunder shall commence on June 17, 2024, (the &#8220;<font style="font-family: 'Times New Roman';"><u>Effective Date</u></font>&#8221;) and continue until
 terminated in accordance with Sections 6 and 7 of this Agreement.&#160; The period of your employment with the Company is referred to herein as the &#8220;<font style="font-family: 'Times New Roman';"><u>Term of Employment</u></font>.&#8221;</font></font></div>
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 <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">2.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman';"><font style="font-family: 'Times New Roman';"><u>Duties</u></font>.&#160; During your Term of Employment, you will be the Executive Vice President and Chief Operating Officer.&#160; In this capacity, you will perform all of the duties assigned to this
 executive management position, and you will report to the Chief Executive Officer or his designee.&#160; You will perform and discharge your duties and responsibilities professionally, faithfully, diligently, and to the best of your ability.&#160; You
 will devote substantially all of your time and efforts to the business and affairs of the Company Group (defined in Section 7b, below); provided, however, that the foregoing does not restrict your engaging in reasonable civic, charitable, or
 personal investment activities which do not materially affect your availability to the Company Group, and your time and efforts to the bus