SEC Contract Filing

Filing Date: 2016-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.22
<SEQUENCE>3
<FILENAME>exhibit1022201510-k.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2016 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s5A5FB6596E8395ECA25F3F8780CE5108"></a><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><br><div style="line-height:174%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.22</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT AGREEMENT</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:17px;text-align:left;text-indent:52px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS EMPLOYMENT AGREEMENT (&#8220;Agreement&#8221;) is executed as of this 16th day of November, 2015, by and between Kohl&#8217;s Department Stores, Inc. and Kohl&#8217;s Corporation (collectively referred to in this Agreement as &#8220;Company&#8221;) and Sona Chawla (&#8220;Executive&#8221;). &#160;</font></div><div style="line-height:120%;padding-bottom:17px;text-align:left;text-indent:52px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company desires to employ Executive, and Executive desires to be employed by the Company, on the terms and conditions set forth herein.</font></div><div style="line-height:120%;padding-bottom:17px;text-align:left;text-indent:52px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The parties believe it is in their best interests to make provision for certain aspects of their relationship during and after the period in which Executive is employed by the Company.</font></div><div style="line-height:120%;text-align:left;text-indent:52px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the Company and Executive (the &#8220;Parties&#8221;), the Parties agree as follows:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ARTICLE I</font></div><div style="line-height:120%;padding-bottom:17px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Term of Employment</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;The Company employs Executive, and Executive accepts employment by the Company, for the three (3) year period commencing on November 30, 2015 (the &#8220;Initial Term&#8221;), subject to earlier termination as hereinafter set forth in Article&#160;III, below. &#160;This Agreement shall be automatically extended for one (1) day each day during the term (the Initial Term as so extended, the &#8220;Renewal Term&#8221;)&#160;unless the Company shall give the Executive written notice of intention not to&#160;renew, in which case this Agreement shall terminate as of the end of the Initial Term or said Renewal Term, as applicable or unless this Agreement is earlier terminated as set forth in Article III, below. &#160;If&#160;this Agreement is extended, the terms of this Agreement during such Renewal Term shall be the same as the terms in effect immediately prior to such extension (including the early termination provisions set forth in Article III, below), subject to any such changes or&#160;modifications as mutually may be agreed between the Parties as&#160;evidenced in a written instrument signed by both the Company and&#160;Executive. &#160;If Executive&#8217;s employment is terminated for any reason specified in Section 3.1, below, after Company has provided a notice of non-renewal under this Section 1.1, such termination will be treated as a termination under the applicable provision of Section 3.1 and not as a termination due to non-renewal under this Section 1.1. &#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Position and Duties</font><font style="font-family:inherit;font-size:10pt;">. &#160;Executive shall be employed in the position of Chief Operating Officer, and&#160;shall&#160;be subject to the&#160;authority of, and shall report to, the Company&#8217;s Chief Executive Officer and/or Board of Directors (the &#8220;Board&#8221;). &#160;Executive&#8217;s duties and responsibilities shall include all those customarily attendant to the position of Chief Operating Officer and such other duties and responsibilities as may be assigned from time to time by Executive&#8217;s supervisor and/or the Company&#8217;s Board