$1 Million Converted to Restricted Shares at Fair Market Value on 10/4/2007 (Using the Closing Stock Price as Published in the Wall Street Journal on Such Date). This Grant Will Be Made on the Date Of, and Subject To, the Execution of the Definitive Amended Employment Agreement. Restricted Stock Will Vest: 1/2 on 10/4/2008 1/2 on 10/4/2009 (December 13th, 2007)
This term sheet is intended to create, and effective upon its execution by the parties will create, a binding agreement between the undersigned as to the terms set forth above. The Company will commence preparation of the definitive amended and restated employment agreement necessary to incorporate the terms of this term sheet and such other terms consistent with these terms as are customarily found in employment agreements such as this, and the parties will at all times act in good faith to complete such definitive agreement as promptly as reasonably practicable. This term sheet supersedes all prior oral and written agreements and understandings between the parties on this subject matter, and to the extent that the terms of this term sheet conflict with the terms of that certain employment agreement dated November 3, 2004 (the Original Agreement), by and between the Company and Executive, as amended by Amendment No. 1 to the Original Agreement dated May 3, 2006, by and between the Com
Employment Agreement (November 20th, 2007)
EMPLOYMENT AGREEMENT (this "Agreement"), dated as of November 20, 2007, between PHILIP KOWALCZYK (the "Executive") and THE TALBOTS, INC., a Delaware corporation (together with it subsidiaries, the "Company").
The Talbots, Inc. 2003 Executive Stock Based Incentive Plan Restricted Stock Agreement (November 20th, 2007)
The undersigned acknowledges receipt from The Talbots, Inc. (together with its subsidiaries, the "Company" or "Talbots") of (i) this Restricted Stock Agreement providing the terms and conditions of a grant of restricted stock made on November 20, 2007 under the 2003 Executive Stock Based Incentive Plan, as amended and restated (the "Plan"), and (ii) a copy of the Plan.
Amendment No. 1 to Employment Agreement of Philip Kowalczyk (September 6th, 2006)
This Amendment No. 1 (this Amendment) dated as of May 3, 2006, to the Employment Agreement dated as of November 3, 2004 (the Employment Agreement), by and between The Talbots, Inc., a Delaware Corporation (the Company) and Philip Kowalczyk (the Executive).
Employment Agreement (December 23rd, 2004)
EMPLOYMENT AGREEMENT (this Agreement), dated as of November 3, 2004, between PHILIP KOWALCZYK (the Executive) and THE TALBOTS, INC., a Delaware corporation (the Company).