SEC Contract Filing

Filing Date: 2015-07-07

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d59816dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AMENDMENT NO. 5 </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>TO </U></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EMPLOYMENT
AGREEMENT </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This AMENDMENT NO. 5 TO EMPLOYMENT AGREEMENT (this &#147;<U>Amendment</U>&#148;) is made as of July&nbsp;7, 2015 by
Burlington Coat Factory Warehouse Corporation, a Delaware corporation (the &#147;<U>Company</U>&#148;), Burlington Coat Factory Holdings, LLC, a Delaware limited liability company (&#147;<U>Parent</U>&#148;), Burlington Stores, Inc., a Delaware
corporation, and Thomas A. Kingsbury (&#147;<U>Executive</U>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company, Parent (f/k/a Burlington Coat Factory Holdings, Inc., a Delaware corporation) and Executive entered into that certain
Employment Agreement, dated as of December&nbsp;2, 2008, and amended on October&nbsp;23, 2012,&nbsp;December&nbsp;8, 2014,&nbsp;May&nbsp;18, 2015 and May&nbsp;29, 2015 (the &#147;<U>Employment Agreement</U>&#148;) (capitalized terms used and not
otherwise defined herein shall have the meanings given to such terms in the Employment Agreement); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto desire
to amend the Employment Agreement as set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Section&nbsp;1 of the Employment Agreement is hereby amended by deleting the following definitions: </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#145;<U>Accounting Firm</U>&#146; has the meaning given to that term in <U>Section&nbsp;22(b)</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#145;<U>Excise Tax</U>&#146; has the meaning given to that term in <U>Section&nbsp;22(a)</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#145;<U>Gross-Up Payment</U>&#146; has the meaning given to that term in <U>Section&nbsp;22(a)</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#145;<U>Payment</U>&#146; has the meaning given to that term in <U>Section&nbsp;22(a)</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#145;<U>Underpayment</U>&#146; has the meaning given to that term in <U>Section&nbsp;22(b)</U>.&#148; </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Section&nbsp;22 of the Employment Agreement is hereby amended by deleting that section in its entirety and replacing it with the following: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#147;22.</TD>
<TD ALIGN="left" VALIGN="top"><U>Reserved</U>.&#148; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">Except as specifically set forth herein, the Employment Agreement and all of its terms and conditions remain in full force and effect, and the
Employment Agreement is hereby ratified and confirmed in all respects, except that on or after the date of this Amendment all references in the Employment Agreement to &#147;this Agreement,&#148; &#147;hereto,&#148; &#147;hereof,&#148;
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&#147;hereunder,&#148; or words of like import shall mean the Employment