Attached files
file | filename |
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EX-4.1 - EXHIBIT 4.1 - ABERCROMBIE & FITCH CO /DE/ | exhibit41q42015.htm |
EX-21.1 - EXHIBIT 21.1 - ABERCROMBIE & FITCH CO /DE/ | exhibit211q42015.htm |
EX-23.1 - EXHIBIT 23.1 - ABERCROMBIE & FITCH CO /DE/ | exhibit231q42015.htm |
EX-24.1 - EXHIBIT 24.1 - ABERCROMBIE & FITCH CO /DE/ | exhibit241q42015.htm |
EX-10.15 - EXHIBIT 10.15 - ABERCROMBIE & FITCH CO /DE/ | exhibit1015q42015.htm |
EX-10.16 - EXHIBIT 10.16 - ABERCROMBIE & FITCH CO /DE/ | exhibit1016q42015.htm |
EX-31.2 - EXHIBIT 31.2 - ABERCROMBIE & FITCH CO /DE/ | exhibit312q42015-cfocert.htm |
EX-31.1 - EXHIBIT 31.1 - ABERCROMBIE & FITCH CO /DE/ | exhibit311q42015-principal.htm |
10-K - 10-K - ABERCROMBIE & FITCH CO /DE/ | a201510-k.htm |
EX-32.1 - EXHIBIT 32.1 - ABERCROMBIE & FITCH CO /DE/ | exhibit321q42015-principal.htm |
Exhibit 10.74
Fran Horowitz
Brand President - Hollister Co.
6301 Fitch Path
New Albany, Ohio 43054
Dear Fran:
We are pleased that you have agreed to take on the responsibilities of your new position as our President & Chief Merchandising Officer. As we discussed, your compensation is being modified in connection with your new position. The terms of your new compensation arrangements, as set forth in the attached Term Sheet, will become effective as of December 21, 2015.
The terms and conditions of your at-will employment with us, as set forth in your offer letter dated October 8, 2014, as modified by the executive severance agreement dated July 7, 2015, will remain in full force and effect, without any change except as modified by the provisions set forth in the attached Term Sheet.
ABERCROMBIE & FITCH MANAGEMENT CO. | Accepted by: | |
/s/ Arthur C. Martinez | /s/ Fran Horowitz | |
Arthur C. Martinez Executive Chairman | Fran Horowitz | |
Date: December 16, 2015 | Date: December 19, 2015 |
Enclosure: Term Sheet
Term Sheet
CURRENT ROLE: Brand President, Hollister
PROPOSED NEW ROLE: President & Chief Merchandising Officer - All Brands
Component ($ in 000s) | Current | Proposed New* | % Increase |
Base | $995 | $1,100 | 11% |
IC Target % | 125% | 135% | 8% |
IC Target $ | $1,244 | $1,485 | 19% |
Target Total Cash | $2,239 | $2,585 | 15% |
Long-Term Incentive | $2,500 | $3,500 | 40% |
Target Total Direct Comp | $4,739 | $6,085 | 28% |
* | New role and updated Base Salary to be effective in late December 2015 or early January 2016; new IC Target to be effective in Fiscal 2016 consistent with Annual Leadership Team IC Program; new Long-Term Incentive value to be recommended for Fiscal 2016 |