Exhibit A THE TALBOTS, INC. CHANGE IN CONTROL AGREEMENTControl Agreement • September 8th, 2011 • Talbots Inc • Retail-women's clothing stores • Massachusetts
This agreement (the “Agreement”) reflects our mutual understanding regarding payments to be made to, and benefits to be received by, you in the event your employment with The Talbots, Inc., a Delaware corporation (including its subsidiaries, the “Company”), is terminated by the Company within twelve (12) months following a Change in Control. This Agreement shall become effective on your employment commencement date. The capitalized termed used in this Agreement that are not otherwise defined herein shall have the meanings given to such terms in Appendix A hereto, incorporated herein by this reference and hereby made a part hereof.
Exhibit B SEVERANCE AGREEMENTSeverance Agreement • September 8th, 2011 • Talbots Inc • Retail-women's clothing stores • Massachusetts
This Severance Agreement (the “Agreement”) is made as of the Executive’s employment commencement date, between The Talbots, Inc., a Delaware corporation (together with its subsidiaries, the “Company”), and Lesli R Gilbert (the “Executive”). This Agreement sets forth the agreement of the parties relating to the severance arrangements for the Executive under certain circumstances. Capitalized terms used in this Agreement are defined in Section 7 hereof.
