SEC Contract Filing

Filing Date: 2023-09-15

Document Content:
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<TYPE>EX-10.14
<SEQUENCE>2
<FILENAME>ex_569424.htm
<DESCRIPTION>EXHIBIT 10.14
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<p style="margin: 0px 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.14</b></font></p>

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 <td style="width: 33%;">June 29, 2023</td>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">1-800-FLOWERS.COM, Inc.<br>
Two Jericho Plaza<br>
Suite 200<br>
Jericho, NY 11753</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Attention: General Counsel</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Dear Sir:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">This letter sets forth our agreement that, in connection with my appointment as Chief Executive Officer of 1-800-FLOWERS.COM, Inc. (the &#8220;Company&#8221;), effective July 3, 2023, I will cease to accrue an annual deferred compensation benefit as provided in Section 5(c) of my Employment Agreement with the Company, dated July 4, 2016 (the &#8220;Deferred Compensation Arrangement&#8221;), and I will be eligible to earn an annual incentive bonus under the Company&#8217;s Sharing Success Plan (or any successor annual cash bonus plan), with an annual target award equal to 100% of my annual base salary, as in effect from time to time (the &#8220;Annual Bonus Arrangement&#8221;).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">Unless otherwise agreed by me and the Company, the Annual Bonus Arrangement will continue for each fiscal year of the Company in which I serve as Chief Executive Officer. In the event I cease to serve as Chief Executive Officer and continue in the role of Executive Chairman of the Company, unless otherwise agreed by me and the Company, the Annual Bonus Arrangement will be discontinued and the Deferred Compensation Arrangement will be resumed, commencing with the first fiscal year of the Company following the fiscal year in which I have resigned or been removed from the position of Chief Executive Officer of the Company.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">Please acknowledge the Company&#8217;s agreement with the foregoing by signing this letter in the space provided below.</p>

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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;">Very truly yours,</p>

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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;">&nbsp; &nbsp; &nbsp; &nbsp;/s/ James F. McCann</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;text-indent:-18pt;">1-800-FLOWERS.COM, Inc.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: -9pt;">By:<u> /s/ Michael R. Manley</u><u>&nbsp;</u><u>&nbsp;</u><u>&nbsp;</u><u>&nbsp;</u><u>&nbsp;</u><u> </u><br>
Name: Michael R. Manley<br>
Title: General Counsel</p>
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