SEC Contract Filing

Filing Date: 2018-03-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101to8k11125001_03192018.htm
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: left">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><B>TOWN SPORTS INTERNATIONAL HOLDINGS,
INC.</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><B>2018 MANAGEMENT STOCK PURCHASE PLAN,
AS AMENDED AND RESTATED ON MARCH 13, 2018</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The purpose of this Town Sports International
Holdings, Inc. 2018 Management Stock Purchase Plan, adopted on January 3, 2018 and amended and restated on March 13, 2018, is to
provide Eligible Employees of Town Sports International Holdings, Inc. (&ldquo;TSI&rdquo;) and its Subsidiaries an opportunity
to voluntarily purchase Stock of TSI (CLUB) in a convenient manner. The Board of Directors of TSI believes that stock ownership
benefits both the participants and TSI&rsquo;s shareholders. The Plan is not intended to qualify as an &ldquo;Employee Stock Purchase
Plan,&rdquo; as set forth in section 423 of the Code.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>ARTICLE I</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>DEFINITIONS</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.01&nbsp;<I>&ldquo;Administrator
designated by the Committee&rdquo;</I>&nbsp;means the administrator designated by the Compensation Committee (&ldquo;Committee&rdquo;)
of the Board of Directors of TSI to administer the Plan, as provided in Section&nbsp;6.04 below.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.02&nbsp;<I>&ldquo;Board
of Directors&rdquo;</I>&nbsp;means the Board of Directors of TSI.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.03&nbsp;<I>&ldquo;Cash
Compensation&rdquo;</I>&nbsp;means a Participant&rsquo;s gross base wages, commissions, bonuses, premium pay, shift differential
pay, excluding any remuneration delivered as equity compensation, as determined by the Administrator designated by the Committee
in its sole and absolute discretion.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.04&nbsp;<I>&ldquo;Code&rdquo;</I>&nbsp;means
the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section 1.05 &ldquo;Designated Broker&rdquo;
means a stock brokerage or other financial services firm designated by the Company to purchase the Stock on the open market, hold
the accounts (&ldquo;Accounts&rdquo;) for each Participant and/or otherwise assist in the administration of the Plan. Initially,
the Designated Broker shall be Computershare.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.06&nbsp;<I>&ldquo;Effective
Date&rdquo;</I>&nbsp;shall mean the date on which the Plan is approved by the Committee.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.07&nbsp;<I>&ldquo;Election
Date&rdquo;</I>&nbsp;means the first day of the month of each plan year or such other dates as the Administrator designated by
the Committee shall specify. The first Election Date for the Plan shall be February 1, 2018.</P>

<!-- Field: Page; Sequence: 1 -->
 <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: center"><TD STYLE="width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
 <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
 <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Section&nbsp;1.08 &ldquo;<I>Eligible
Employee</I>&rdquo;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Subject to Section&nbsp;1.08(b) and Section&nbsp;1.08(c) below, the term &ldquo;Eligible Employee&rdquo; includes any employee
with a corporate title of Director or above, of the Employer.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Notwithstanding Section&nbsp;1.08(a) above, the term &ldquo;Eligible Employee&rdquo; shall not include:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top