As referenced in this Special Bonus Agreement:
KIRKLAND'S, INC. – BONUS AGREEMENT
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SPECIAL BONUS AGREEMENT
THIS SPECIAL BONUS AGREEMENT (the "Agreement") is made as of
the 1st day of June, 2002, by and between KIRKLAND'S, INC. , a Tennessee
corporation, (the "Company"), and CARL KIRKLAND ("Executive").
WHEREAS, in recognition of extraordinary efforts by Executive
on behalf of the Company and as an inducement to the continuation
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Kirkland's, Inc. – priority perfected
security interest in substantially all of the Company's assets.
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3.4. "Recap Agreement" means the Recapitalization Agreement among
Kirkland Holdings L.L.C., Kirkland's, Inc. , certain companies affiliated with
Kirkland's, Inc., Carl Kirkland, Robert Kirkland, Bruce Moore, and Robert
Alderson dated April 26, 1996, as amended.
3.5. "Special Bonuses" means the bonuses
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Kirkland's, Inc. – of the Company's assets.
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3.4. "Recap Agreement" means the Recapitalization Agreement among
Kirkland Holdings L.L.C., Kirkland's, Inc., certain companies affiliated with
Kirkland's, Inc. , Carl Kirkland, Robert Kirkland, Bruce Moore, and Robert
Alderson dated April 26, 1996, as amended.
3.5. "Special Bonuses" means the bonuses described in Section 1.1
of this
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KIRKLAND'S, INC. – has caused this Agreement to
be executed by its duly authorized officer, and Executive has executed this
Agreement, on June 1, 2002, effective as of the date first above written.
KIRKLAND'S, INC.
By: /s/ Robert Alderson
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Robert Alderson
Title: Chief Executive Officer and President
EXECUTIVE
/s/ Carl Kirkland
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Carl Kirkland
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