Amendment to Cash Incentive Agreement between Sears Hometown and Outlet Stores, Inc. and Michael A. Gray
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Summary
This amendment updates the Cash Incentive Agreement between Sears Hometown and Outlet Stores, Inc. and Michael A. Gray, Senior Vice President of Store Operations. The agreement changes the incentive period end date from January 27, 2018, to May 5, 2018, and updates the incentive's name accordingly. All other terms of the original agreement remain unchanged. The amendment is governed by Illinois law.
EX-10.44 3 sho02032018-10kxex1044.htm EXHIBIT 10.44 Exhibit
Exhibit 10.44

October 11, 2017
Mr. Michael A. Gray
Senior Vice President, Store Operations
Sears Hometown and Outlet Stores, Inc.
5500 Trillium Boulevard, Suite 501
Hoffman Estates, Illinois 60192
Amendment to Cash Incentive Agreement
Dear Mike:
I refer to your May 24, 2017 Cash Incentive Agreement. In paragraph 1 of your Cash Incentive Agreement, the references to “January 27, 2018” are hereby amended and changed to “May 5, 2018” and the references to “January Incentive” are hereby amended and changed to “May Incentive.” Except for these amendments, the Cash Incentive Agreement continues in accordance with its May 24, 2017 terms without any waiver or amendment. This Amendment to Cash Incentive Agreement will be construed in accordance with the laws of Illinois for all purposes without regard to conflicts-of-law principles.
Agreed to and accepted: /S/ MICHAEL A. GRAY Michael A. Gray | Very truly yours, SEARS HOMETOWN AND OUTLET STORES, INC. By: /S/ WILL POWELL Will Powell Chief Executive Officer and President |