Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - A.C. Moore Arts & Crafts, Inc. | c97813e10vk.htm |
| EX-21.1 - EXHIBIT 21.1 - A.C. Moore Arts & Crafts, Inc. | c97813exv21w1.htm |
| EX-31.2 - EXHIBIT 31.2 - A.C. Moore Arts & Crafts, Inc. | c97813exv31w2.htm |
| EX-32.2 - EXHIBIT 32.2 - A.C. Moore Arts & Crafts, Inc. | c97813exv32w2.htm |
| EX-32.1 - EXHIBIT 32.1 - A.C. Moore Arts & Crafts, Inc. | c97813exv32w1.htm |
| EX-31.1 - EXHIBIT 31.1 - A.C. Moore Arts & Crafts, Inc. | c97813exv31w1.htm |
| EX-10.35.1 - EXHIBIT 10.35.1 - A.C. Moore Arts & Crafts, Inc. | c97813exv10w35w1.htm |
| EX-23.1 - EXHIBIT 23.1 - A.C. Moore Arts & Crafts, Inc. | c97813exv23w1.htm |
Exhibit 10.36.1
November 24, 2009
David Stern
Dear David:
The Company has awarded you a special cash retention award subject to the terms of this Award
agreement. To accept this Award, please sign where indicated below.
On November 24, 2009 (the “Award Date”), you will receive a cash lump sum retention award in
the amount of $125,000 (the “Award”). Each month (or any portion of such month) that you remain
employed by the Company following the Award Date, you will earn one-twelfth (1/12th) of the Award.
If you resign your employment with the Company without Good Reason (as defined in the Employment
Letter dated May 13, 2009 between you and the Company (the “Employment Letter”)) or are terminated
by the Company for Cause (as defined in the Employment Letter) within twelve (12) months of the
Award Date, you will repay the unearned portion of the Award to the Company. In the event that
your employment is terminated by the Company without Cause (as defined in the Employment Letter) or
by you with Good Reason (as defined in the Employment Letter) after the payment of the Award, you
will be deemed to have earned one hundred percent (100%) of the Award as of the effective date of
the termination of your employment, and you shall not be required to repay any portion of the
Award.
This Award agreement is the entire agreement between you and the Company concerning the Award
granted hereunder. In the case of a conflict between the Employment Letter and this Award
agreement relating to the terms of this Award, the terms of this Award agreement will control.
Nothing in this Award agreement confers any right to continued employment with the Company, or
affects the Company’s right to terminate your employment at any time, with or without notice, and
with or without cause.
For purposes of this Award agreement, “Company” means A.C. Moore Arts & Crafts, Inc. or A.C.
Moore Incorporated, as appropriate.
IN WITNESS WHEREOF, the parties have caused this Award agreement to be duly executed and
delivered as of the date first written above.
[Signature page follows.]
Page 2
November 24, 2009
November 24, 2009
| Sincerely, |
||||
| By: | /s/ | |||
| Name: | Rick A. Lepley | |||
| Title: | President / Chief Executive Officer | |||
ACCEPTED:
/s/
David Stern
David Stern