Gymboree (GYMB) Inactive 10-K2007 FY Annual report

Filed: 2 Apr 07, 12:00am

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New words: Abercrombie, Aeropostale, alternative, Argentina, array, Babyuniverse, Barn, behavior, Big, Bluefly, Brown, Buckle, Burlington, CA, Cache, cadence, calendar, Carnival, Casual, Cato, CBS, Charlotte, Charming, Chicago, Chile, Christopher, comply, Composite, Costa, coupon, cycle, DEB, Disney, DOG, doubtful, Dover, Dow, DSW, Eagle, efficient, entertainment, explore, extensive, face, Fitch, footnote, forfeiture, fun, Genesco, graph, group, Harold, Hartmarx, heavily, Hot, hour, imposition, inclement, incurrence, index, injury, innovative, Japan, Jeffrey, Kuhlman, largest, learn, Leather, LLC, Locker, Lucasfilm, Male, MarketWatch, Mart, Membership, modified, Movie, multimedia, necessarily, NOL, nonvested, orderly, outcome, Pacific, Panama, Pavilion, PCI, peer, percent, Person, personal, portrayal, privacy, Proposal, Puerto, pursuing, ratably, rectify, reinvestment, release, requisite, restoration, Rica, Rico, Rite, Russe, Saddlery, Shoe, Shoesource, SIC, sixty, Spain, Stage, Star, Stein, Stride, succeed, Sunwear, tangible, telephone, terrorism, Topic, transition, treatment, Tribune, Tween, uncertain, Uncertainty, unexpected, uninterrupted, unrecognized, unsuccessful, vendor, volatility, voting, wage, Walt, Wearhouse, week, York, Zumiez

Removed: acquired, acquirer, announcement, Anthropologie, APB, application, Arab, Banana, buy, Chair, charity, Chico, comfortable, cottage, developmentally, directed, entitle, equivalent, essentially, exceeded, exercisable, extent, feature, file, flattering, french, fresh, front, furnish, holder, Jill, Levi, liable, loan, margin, Mervyn, Mississauga, modern, motor, movement, obsolete, older, porch, Preferred, prepaid, prepared, profitable, recognize, remained, Republic, residential, restructuring, review, seek, sensory, separate, separately, sight, sound, stipulated, strategy, styling, tender, thereof, touch, unused, vacate

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EXHIBIT 10.81

KEY TERMS OF COMPENSATION ARRANGEMENT



NAME:		Lynda Gustafson

TITLE:		Vice President, Corporate Controller

BASE SALARY:		$207,000

BONUS PLAN:		Target payout at 40% of base salary.

EQUITY COMPENSATION:		Eligible to participate in the Company’s equity compensation plans.

HEALTH BENEFITS:		Medical, dental and vision insurance

401K:		4% match, eligible after 6 months.

MANAGEMENT CHANGE OF CONTROL PLAN:		If involuntary termination, but not for death, disability or cause, at any time within 18 months following the change of control, eligible to receive a payment equal to two times annual compensation (base salary plus average annual bonus for three prior fiscal years) plus a pro-rated bonus for the year of termination, in a single lump sum payment, less applicable taxes, and benefits coverage for 18 months.

MANAGEMENT SEVERANCE PLAN:		Eligible to receive a severance payment equal to 50% of gross base salary if involuntarily terminated other than for death, disability or cause, to be paid in equal monthly installments over the 12-month period.