SEC Contract Filing

Filing Date: 2017-08-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.M
<SEQUENCE>2
<FILENAME>rgs-2017x0630xex10m.htm
<DESCRIPTION>EX-10(M)*
<TEXT>
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 <title>Exhibit</title>
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<div><a name="s677936a02c7f4214b0139ec4d76d9083"></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&#160;No.&#160;10(m)*</font></div><div style="line-height:120%;text-align:left;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:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS EMPLOYMENT AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made by and between Regis Corporation, a Minnesota corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Corporation</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Hugh Sawyer (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Executive</font><font style="font-family:inherit;font-size:12pt;">&#8221;) as of the 17th day of April, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;). </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, in connection with the Executive&#8217;s employment with the Corporation, the Executive will have access to confidential, proprietary and trade secret&#160;information of the Corporation and its affiliates and relating to the business of the Corporation and its affiliates, which&#160;confidential, proprietary and trade secret information the Corporation and its affiliates desire to protect from disclosure and unfair competition. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Executive specifically acknowledges that executing this Agreement makes the Executive eligible for employment and incentive compensation and severance opportunities for which the Executive would not be eligible if the Executive did not enter into this Agreement with the Corporation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the mutual agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Corporation agrees to employ the Executive, and the Executive agrees to such employment, upon the following terms and conditions: </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">EMPLOYMENT COMMENCEMENT DATE; PERIOD OF EMPLOYMENT</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment Commencement Date</font><font style="font-family:inherit;font-size:12pt;">. The Executive&#8217;s employment with the Corporation shall commence at 12:01 a.m. on April 17, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment Commencement Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Period of Employment</font><font style="font-family:inherit;font-size:12pt;">. The Corporation agrees to employ the Executive, and the Executive agrees to serve the Corporation, upon the terms and conditions in this Agreement. The term of the Executive&#8217;s employment with the Corporation will be initially for thirty-six (36) months starting on the Employment Commencement Date and ending on the three (3) -year anniversary of the Employment Commencement Date (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Initial Term</font><font style="font-family:inherit;font-size:12pt;">&#8221;), unless terminated at an earlier date in accordance with Section 5 of this Agreement or extended as discussed below. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><fon