SEC Contract Filing

Filing Date: 2015-09-08

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>vnce-ex103_200.htm
<DESCRIPTION>EX-10.3
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vnce-ex103_200.htm
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g201509081306171381076.jpg" title="" alt="" style="width:226px;height:65px;"></p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;color:#;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><font style="margin-left:36pt;"></font><font style="font-weight:bold;">Exhibit 10.3</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">June 17, 2015</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Nicholas Rubino<font style="margin-left:36pt;"></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Nick:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">I am pleased to provide this letter confirming your offer of employment with Vince, LLC (hereafter &#8220;Vince&#8221; or &#8220;the Company&#8221;), for the position of <font style="font-weight:bold;">Senior Vice President, General Counsel and Secretary, </font>with an expected start date of TBD. The terms of the employment offer are as follows:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Maison Neue;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Reporting Relationship and Primary Work Location</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">You will report to Vince&#8217;s Chief Executive Officer. You will be based in our New York office and will travel to the Company&#8217;s LA office and other locations as needed.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#;font-size:10pt;font-family:Maison Neue;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Base Salary and Incentive Bonus</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Your annual base salary will be $400,000.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Maison Neue;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">You will be eligible to participate in the Company&#8217;s Annual Short-Term Incentive Plan (&#8220;STI Plan&#8221;), for Fiscal Year 2015 (February 1 &#8211; January 31). The 2015 target bonus opportunity for your position under this plan is 60% of your annual base salary, based upon annual performance targets established each fiscal year. Your bonus will be prorated for your first year of employment based on your date of hire. You will be eligible to participate in Short-Term and Long-Term Incentive Plans consistent with similarly situated executives.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#;font-size:10pt;font-family:Maison Neue;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Long-Term Incentive Awards</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Maison Neue