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Exhibit 10.1
MODIFICATION LETTER
In consideration of your continued employment at
Bed Bath & Beyond Inc. and/or its subsidiaries
(collectively, “BBB”), and for other good and valuable
consideration, the sufficiency of which is acknowledged, this
Modification Letter shall evidence your consent to modify your
existing non-solicitation and non-competition Agreement with BBB
(with such Agreement, as modified by this Modification letter,
being hereinafter referred to as the “Agreement”) as
follows:
1. With respect to those portions of the
Agreement regarding non-competition with BBB after your employment
at BBB ends, the terms “direct competitor” of BBB, an
entity which is “deemed competitive” with BBB, or an
entity which is “competitive with the business” of BBB
shall be deemed to include:
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(i)
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any retail store which utilizes (or intends to
utilize) more than 30% of the selling space of the store for the
sale of any combination of: giftware; housewares; linens and
domestics; home furnishings; and/or health and beauty care
products; and/ or products for infants and y
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