confirm of employment

Executive Employment Agreement

You are currently viewing:

This Executive Employment Agreement involves

DRESS BARN INC | Mr. Gene L. Wexler

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: confirm of employment
Date: 10/13/2005
Industry: RTAPRL

Search Executive Employment Agreement by:

EXHIBIT 10.25

July 26, 2005

Mr. Gene L. Wexler

Dear Gene,

We are pleased to confirm our offer of employment with The Dress Barn, Inc. as Senior Vice President, General Counsel and Assistant Secretary, reporting directly to me. This is a corporate position with responsibility for all corporate entities. The following is a description of our offer:

1.	Effective Date: Your employment will commence on August 29, 2005.

2.	Salary: Your salary will be at the rate of $250,000 per year. Your first review of performance and salary will be during our annual review cycle in October 2006.

Bonus Plan: You will be eligible to participate in the Company’s Management Incentive Plan (MIP) for Fiscal Year 2006 (Year Beginning 7/31/05). Our maximum bonus for Senior Vice Presidents is 60% of base salary, depending on Company performance and your individual performance. The details of the Plan, as well as your specific goals, will be provided to you.

Stock Options: You will receive an option to purchase 40,000 shares of Dress Barn common stock under the company’s stock option plan. You will be given this option upon approval of the Compensation Committee of the Board of Directors at its next meeting on October 5, 2005. The price of the option will be the mean price on the day of the Board meeting. This option will be vested over 5 years with 20% vested at the end of each year. You will be eligible for other options during the course of your employment.

5.	Gifted Stock: Also on the day of the Board meeting we will award you 5,000 shares of restricted Dress Barn stock. On each anniversary of that date 20% of those shares will become unrestricted, provided you are actively employed. With