SEC Contract Filing

Filing Date: 2016-09-27

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a16-19086_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.1</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FIRST AMENDMENT TO NONQUALIFIED STOCK OPTION AWARD AGREEMENT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Performance-Based Vesting)</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Tuesday Morning Corporation</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">2014 Long-Term Incentive Plan</font></i></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This <b>FIRST AMENDMENT TO NONQUALIFIED STOCK OPTION AWARD AGREEMENT</b> (this &#147;<b><i style="font-weight:bold;">Amendmen</i></b>t&#148;) is entered into between Tuesday Morning Corporation, a Delaware corporation (the &#147;<b><i style="font-weight:bold;">Company</i></b>&#148;) and Steven R. Becker (the &#147;<b><i style="font-weight:bold;">Participant</i></b>&#148;) for purposes of amending that certain Nonqualified Stock Option Agreement dated February&nbsp;2, 2016 by and between the Company and the Participant (the &#147;<b><i style="font-weight:bold;">Agreement</i></b>&#148;).&#160; Any terms used in this Amendment that are not specifically defined herein shall have the meaning specified in the Tuesday Morning Corporation 2014 Long-Term Incentive Plan, as amended (the &#147;<b><i style="font-weight:bold;">Plan</i></b>&#148;) and the Agreement.</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, on February&nbsp;2, 2016,&#160; the Committee approved the grant of certain performance-based nonqualified stock options to the Participant relating to 295,508 shares of common stock of the Company, $0.01 value per share (the &#147;<b><i style="font-weight:bold;">Common Stock</i></b>&#148;);</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the Committee&#146;s approval on February&nbsp;2, 2016 did not include the grant of an additional 295,508 shares of Common Stock (the &#147;<b><i style="font-weight:bold;">Stretch Shares</i></b>&#148;) as required by that certain Employment Agreement by and between the Participant and the Company dated December&nbsp;11, 2015 and as specifically described in the Agreement; and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the Committee approved the grant of the Stretch Shares on September&nbsp;21, 2016 and the parties now desire to amend the Agreement to reflect the grant and provide that the exercise price for the Stretch Shares equals the closing price of the Common Stock on September&nbsp;21, 2016; now, therefore</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IT IS AGREED</font></b>:</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;1 of the Agreement is hereby amended by deleting said Section&nbsp;in its entirety and substituting in lieu thereof the following:</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Grant of Option</font></i></b>. Subject to the terms of the Plan and this Agreement, on February&nbsp;2, 2016 (the &#147;<b><i style="font-weight:bold;">Date of Grant</i></b>&#148;), the Company granted to the Participant an option to purchase <b>2