Date] Dear ______:Employee Release • January 17th, 2007 • Lenox Group Inc • Pottery & related products • Minnesota
In recognition of your contributions to Lenox Group Inc (“formerly known as Department 56, Inc. and referred to herein as “LGI or the “Company”), and the Company’s desire to assure your continued services in your current position in the event of a pending or actual Change in Control (as defined) of LGI, the Company’s Board of Directors is pleased to offer you the Change of Control protection outlined in this letter agreement (“Agreement”).
January __, 2008 (name) (address)Employee Release • January 31st, 2008 • Lenox Group Inc • Pottery & related products • Delaware
As a result of the recent announcement by Lenox Group Inc. (the “Company”) that it is exploring strategic alternatives, we are pleased to offer you, in the event of a Change in Control as defined in Section 4(c), enhanced severance as outlined in this letter agreement (“Agreement”), a retention bonus and a success bonus as an incentive to ensure your diligent and active participation in making the strategic alternative process a success.
