www.globalcreditservices.com/sectionsTP/nd/8804050.htm -
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Published on: 10/29/2007
Last Visited: 1/18/2008
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Compensatory Arrangements of Certain Officers On October 29, 2007, Pacific Sunwear of California, Inc. (the "Company") entered into a retention bonus agreement with Lou Ann Bett, the Company's Division President of demo.The description below is qualified in its entirety by the full text of the retention bonus agreement, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.Pursuant to the retention bonus agreement, Ms. Bett will receive a retention bonus of $147,000 if either (1) she continues to be employed by the Company in her current role within the demo organization through February 15, 2008, or (2) her employment is terminated by the Company without cause before that date and Ms. Bett otherwise satisfies the conditions to receive severance benefits under the Company's Executive Severance Plan.Ms. Bett will not be entitled to receive the retention bonus if her employment with the Company terminates for any other reason prior to February 15, 2008.Item 9.01 Financial Statements and Exhibits. (d) Exhibits.10.1 Retention Bonus Agreement, dated October 29, 2007, between the Company and Lou Ann Bett
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Company and Lou Ann Bett
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Ms. Lou Ann Bett
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Name: Lou Ann Bett