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Agreement
Regarding the Amended and Restated Executive Officer Change In
Control Agreement
This
Agreement, dated to be effective as of June 15, 2009, is by
and between Sport Supply Group, Inc. (the “Company”)
and Terrence M Babilla (the
“Executive”).
Whereas: the Company has entered into an Amended and
Restated Executive Officer Change In Control Agreement (the
“CIC Agreement”) with Executive dated October 1,
2008;
Whereas: Pursuant to the CIC Agreement, the Executive may
receive a “Severance Payment” (as defined within the
CIC Agreement), whose value is derived in part from a calculation
based on the Executive’s salary and the “actual bonus
paid to the Executive by the Company or any of its subsidiaries for
the most recent fiscal year ended prior to the occurrence of the
Change in Control,” (as defined in that CIC
Agreement);
Whereas: The Company’s Compensation Committee (the
“Compensation Committee”) intends to alter the
component parts of the fiscal year 2010 compensation plan for the
Executive, including a cash salary and the grant of stock options,
but excluding an opportunity
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