112 W. 34th Street 22nd Floor New York, NY 10120

You will be eligible to participate in the Aéropostale, Inc. 2014 Long Term Incentive Plan. Generally, equity awards are granted annually in accordance with our review process and subject to the approval of the Compensation Committee of our Board of Directors. For Fiscal Year 2015, you will be eligible to receive 50,000 Performance Share Units and 20,000 Restricted Shares Units in accordance with our annual grant in the spring of 2015. These shares will vest three years after the date of grant.

 

Benefits:

Aéropostale, Inc. offers a competitive benefits package. These benefits are designed to promote health & wellness, assist in your financial future, and manage the demands of work and your personal life. Detailed information on all of our benefits will be provided to you during your New Hire Orientation. Health benefits are available to you the 1^st day of the month following your first 30 days of service. 

As a Senior Vice President, you will be eligible to participate in the Executive Medical Program, which reimburses qualified expenses not covered under an executive’s primary plan. A program overview will be provided to you.

In addition, after you complete one year of service, at the first monthly enrollment, you will be eligible to participate in our company 401(k) plan.

You will be eligible for twenty-four (24) paid time off (PTO) days annually, subject to the company’s accrual policy, based upon your start date.

You will also be eligible to participate in the Aeropostale, Inc. Long-Term Incentive Deferred Compensation Program. This plan is a company sponsored retirement vehicle for company executives. A program overview will be provided to you.

 

You will also be entitled to participate in, or receive an appropriate benefit under, any other plans and programs in effect from time to time that other Senior Vice Presidents at the Company are entitled to participate in, or receive a benefit under, in accordance with company policies, including but not limited to, policies for sick leave and sick pay, reimbursement of reasonable business expenses, and similar matters.

You will be eligible to receive severance. The Company shall pay you an up to fifty-two (52) weeks base salary, payable in substantially equal installments in accordance with the Company’s regular payroll cycle, not including bonus compensation, car allowance or any other additional benefits from the Company and is payable solely in the event that your employment with the Company is terminated by the Company “without cause”; provided, however, that any amounts you are due to receive pursuant to this sentence shall cease immediately upon your obtaining full time employment either as an employee, consultant, principal, agent, officer, director, partner or otherwise; provided further, as a condition to receiving the above-described severance you must participate in any Aéropostale provided outplacement program.  You must notify Aéropostale within three (3) days of starting the employment specified in the immediately preceding sentence.  Notwithstanding the foregoing to the contrary contained in this paragraph, you shall receive a minimum of twenty-six (26) weeks of base salary under this paragraph.

Severance will not be available in the event that the Company terminates your employment for “cause” or if you voluntarily terminate your employment with the Company.