Exhibit 10.57
GENERAL RELEASE AGREEMENT
In consideration of the covenants undertaken and releases contained in this GENERAL RELEASE AGREEMENT (hereinafter referred to as “Agreement”), Amy “Levy” Trooskin (“Employee”) on the one hand, and Vince Holding Corp. and Vince, LLC (collectively, the “Company”) on the other side, agree as follows:
By signing this Agreement, Employee acknowledges and agrees that Employee shall not accrue or be entitled to any payments or benefits beyond the Effective Date except for the Payment set forth in this Section 4 of the Agreement. Employee acknowledges that the Payment is given in consideration for Employee’s promises in this Agreement, and that such Payment is contingent upon Employee’s execution of this Agreement and the satisfaction of any other conditions set forth in this Agreement.
Section 4. Employee also agrees that such remedies shall be in addition to any and all remedies, including damages, available to the Company and its subsidiaries and affiliates against Employee for such breaches or threatened or attempted breaches.
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whether orally or in writing, or otherwise engage in any act that is intended or may be reasonably be expected to harm the reputation, business, prospects or other operations of the Company, any member of its management, board of directors, representatives, agents, consultants or any of its subsidiaries or affiliates, or management, board of directors or managers, representatives, agents, consultants of each such subsidiary or affiliate, or any investor or shareholder in the Company.
(i) threatened or pending claim or litigation (including investigations or arbitrations) involving the Company or (ii) threatened or pending government investigation involving the Company. In addition, Employee shall not disclose any confidential or privileged information in connection with any pending litigation or investigation or proceeding without the consent of the Company and shall give prompt notice to the Company of any request therefor. If Employee is required to cooperate in the defense of the Company in accordance with this Section 12, the Company shall pay Employee a reasonable per diem fee, in addition to any expense reimbursement, for such assistance, based on Employee’s annual base salary rate immediately preceding the Effective Date.
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500 Fifth Avenue, 20th Fl New York, NY 10110
Attention: General Counsel Telephone: 212-515-2695
[Signature page to follow]
IN WITNESS WHEREOF, the undersigned have read and understand the consequences of this Agreement and voluntarily sign it. The undersigned declare under penalty of perjury under the laws of the State of New York that the foregoing is true and correct. The effective date of this Agreement is the date that Employee signs it below.
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DATED:
DATED:
6/16/2023
6/16/2023
By:
/s/ Amy Trooskin
Amy “Levy” Trooskin
VINCE, LLC
By: /s/ Lee Meiner
Lee Meiner
Chief People Officer
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