Updated Terms of Employment, dated April 10, 2025, by and between V Opco, LLC and Yuji Okumura
Exhibit 10.37
VOpCo
A Vince Operating Company
April 10, 2025 Yuji Okumura
Dear Yuji,
Following are the updated terms associated with your position at V Opco, LLC.
Effective Date: April 14, 2025
Title: Chief Financial Officer of V Opco, LLC and Vince Holding Corp. (and any other subsidiary or affiliate of Vince Holding Corp., as directed by the Chief Executive Officer and/or the Board)
Reports To: Chief Executive Officer
Base Compensation: Your annual base salary while in this role will be $400,000. You will be paid on a bi-weekly basis (26 pay periods per year). This position is classified as exempt. As such, you are not eligible for overtime pay for hours worked over 40 in a week
All other terms and conditions of your employment apply, as stated in your offer letter dated March 28th, 2025. The employment relationship remains at-will, meaning both you and the Company have the right to terminate your employment at any time, for any reason, with or without cause, and without prior notice.
Yuji, Congratulations! We are confident that you will continue to make significant contributions to the Company. If you agree to the employment terms listed, please sign this letter and return it via email to [email] as soon as possible.
Sincerely,
/s/ Brendan Hoffman _04/14/2025_____
Brendan Hoffman Date
Chief Executive Officer
/s/ Lee Meiner 04/14/2025___
Lee Meiner Date
Chief People Officer
500 Fifth Avenue, 20th Floor, New York, NY 10110
I agree to the terms of the offer as outlined above.
_/s/ Yuji Okumura_____ 4/11/2025
Yuji Okumura Date