Letter Agreement Extending Employment Terms Between Bed Bath & Beyond Inc. and Warren Eisenberg

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement between Bed Bath & Beyond Inc. and Warren Eisenberg confirms that, while the parties work on extending Mr. Eisenberg's employment agreement, he will not move to senior status as previously scheduled. The existing employment agreement remains in effect unless it conflicts with this letter. Either party may terminate the current arrangement and start the senior status period by giving at least 120 days' written notice. The agreement is signed by both parties and is effective as of June 28, 2013.

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EX-10.1 2 exh_101.htm EXHIBIT 10.1 exh_101.htm
Exhibit 10.1
 

 

 

 
June 28, 2013
 
Warren Eisenberg
Bed Bath & Beyond Inc.
650 Liberty Ave.
Union, NJ 07083

 
Dear Mr. Eisenberg:
 
We write to confirm that, having agreed in principle on an extension of your employment agreement, as amended (the "Agreement"), and in order to provide time to agree upon the terms thereof, you were not deemed to have exercised your option to elect senior status under the Agreement, and you will not go on senior status on June 30, 2013.  In the interim, the provisions of the Agreement shall remain in effect, except to the extent inconsistent with this letter.
 
As discussed, in addition to any rights that you and the company have to terminate employment under Sections 7 and 8 of the Agreement, either of us may, effective on no less than 120 days prior written notice to the other, terminate your current employment arrangement and commence your senior status period under the Agreement (with the effective date of any such termination being the "Final Date" under the Agreement).
 
BED BATH & BEYOND INC.
 

 
By:   /s/ Steven H. Temares
         Steven H. Temares
         Chief Executive Officer
 

 
ACCEPTED AND AGREED:
 

 
/s/ Warren Eisenberg
Warren Eisenberg