SEC Contract Filing

Filing Date: 2017-03-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dfbg_currentfolio8kex10.htm
<DESCRIPTION>EX-10.1
<TEXT>
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 <font style="display:inline;font-weight:bold;">Exhibit 10.1</font>
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 <font style="display:inline;">&nbsp;</font>
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 <font style="display:inline;">GENERAL RELEASE</font>
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 <font style="display:inline;">THIS GENERAL RELEASE (this &#x201C;</font><font style="display:inline;text-decoration:underline;">Release</font><font style="display:inline;">&#x201D;) is entered into effective as of February 28, 2017, (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Effective Date</font><font style="display:inline;">&#x201D;) by and among Differential Brands Group Inc. (formerly, Joe&#x2019;s Jeans Inc.) (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Company</font><font style="display:inline;">&#x201D;), and Hamish Sandhu (&#x201C;</font><font style="display:inline;text-decoration:underline;">Executive</font><font style="display:inline;">&#x201D;), with reference to the following facts:</font>
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 <font style="display:inline;">A.<font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font>The parties entered into an Employment Agreement, dated with an effective date as of July 2, 2015 (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Employment Agreement</font><font style="display:inline;">&#x201D;), pursuant to which the parties agreed that upon the occurrence of certain conditions, Executive would become eligible for certain termination payments (as provided for in Section 3.2 of the Employment Agreement) in exchange for Executive&#x2019;s release of the Company from all claims which Executive may have against the Company as of the termination date.&nbsp;&nbsp;Capitalized terms not otherwise defined herein shall have the respective meanings ascribed to them in the Employment Agreement.&nbsp;&nbsp;Executive acknowledges that the consideration recited in this Release is in addition to anything to which Executive may otherwise be entitled.</font>
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 <font style="display:inline;">B.<font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font>The parties desire to dispose of, fully and completely, all claims, which Executive may have against the Company, in the manner set forth in this Release.</font>
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 <font style="display:inline;">AGREEMENT</font>
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 <font style="display:inline;">1.<font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font>Executive waives and releases the Company and its affiliates, subsidiaries, partners, officers, directors, shareholders, agents, employees, attorneys, successors, assigns, affiliates, related organizations and related employee benefit plans (collectively referred to herein as &#x201C;</font><font style="display:inline;text-decoration:underline;">Releasees</font><font style="display:inline;">&#x201D;) with respect to any and all claims, rights, and causes of action, known or unknown, that Executive may have or claim to have had against any of them, based on any act, occurrence, or omission from the beginning of time to and including the date this Release was executed, including, but not limited to, any and all claims, rights, and causes of action arising out of or in any way connected with Executive&#x2019;s employment with, or termination of employment from the Company, and arising under federal, state and/or local laws such as Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the California Fair Employment and Housing Act, the California Labor Code, the California Constitution, and ERISA, and the common law (hereinafter referred to as the &#x201C;</font><font style="display:inline;text-decoration:underline;">Released Claims</font><font style="display:inline;">&#x201D;).&nbsp;&nbsp;Notwithstanding the foregoing, this Release shall not apply to (none of which shall be Released Claims): (a) any claims for any amounts which shall to be paid to Executive following the execution hereof pursuant to the terms of Section 3.2 of the Employment Agreement; (b) any claims for indemnification under Section 5.14 of the Employment Agreement, or otherwise pursuant to the governance documents of any member of the Company Group, or under any separate indemnification agreement the Executive may enter into from time to time; (c) the payment of