Michaels Companies, Inc. Watch

from 8-K 3 pages This Letter Agreement (This “Agreement”), Effective as of the Date Hereof, Amends the Employment Letter Agreement Entered Into by and Between You, Michaels Stores, Inc. (The “Company”) and the Michaels Companies, Inc. (“Parent”) on December 26, 2019 (The “Employment Letter Agreement”) and the Restricted Stock Unit Award Agreement Evidencing a Grant to You of 795,000 Restricted Stock Units of Parent on January 6, 2020 (The “Rsu Award Agreement”) as Set Forth Below. in Consideration of the Mutual Covenants Contained Herein and Intending to Be Legally Bound Hereby, the Parties Hereto Agree to Amend the Employment Letter Agreement and Rsu Award Agreement as Follows: 1. the Following Sentence Shall Be Added at the End of Section 4 of the Employment Letter Agreement

from 8-K 37 pages Michaels Stores, Inc. $375,000,000 4.750% Senior Secured Notes Due 2027 Purchase Agreement

from 10-Q 14 pages Michaels Stores, Inc. Officer Severance Pay Plan Established April 17, 2008 and Amended as of May 20, 2014, December 9, 2014, March 21, 2017, and June 10, 2020

from 8-K 11 pages The Michaels Companies, Inc. Third Amended and Restated 2014 Omnibus Long-Term Incentive Plan

from 8-K 3 pages We Are Pleased to Confirm the Terms and Conditions of Your Continued Employment With Michaels Stores, Inc. (The “Company”), as Set Forth in This Letter Agreement (This “Agreement”). This Agreement Is Made and Entered Into and Effective as of the Date Hereof (The “Effective Date”), Subject to Approval by the Board of Directors (The “Board”) of the Michaels Companies, Inc. (“Parent”). 1. Positions

from 8-K 6 pages The Michaels Companies, Inc. Long-Term Cash Incentive Award Agreement

from 10-K 12 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Restricted Stock Agreement

from 10-K 12 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Restricted Stock Agreement

from 8-K 3 pages Second Amendment to Letter Agreement

from 8-K 8 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Amended & Restated Restricted Stock Unit Agreement

from 8-K 9 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Amended & Restated Non-Statutory Stock Option Agreement

from 8-K 9 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Restricted Stock Unit Agreement

from 8-K 8 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Non-Statutory Stock Option Agreement

from 8-K 29 pages December 26, 2019 We Are Pleased to Confirm the Terms and Conditions of Your Employment With Michaels Stores, Inc. (The “Company”), as Set Forth in This Letter Agreement (This “Agreement”). This Agreement Is Made and Entered Into and Effective as of the Date Hereof (The “Effective Date”). 1. Positions

from 10-Q 12 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Restricted Stock Agreement

from 10-Q 10 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Restricted Stock Unit Agreement

from 10-Q 9 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Non-Statutory Stock Option Agreement

from 10-Q 9 pages The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan Restricted Stock Unit Agreement

from 10-Q 6 pages Amendment to Letter Agreement

from 8-K 3 pages Very Truly Yours, Blackstone Capital Partners V, L.P. By: Blackstone Management Associates V L.L.C., Its General Partner By: /S/ Peter Wallace Name: Peter Wallace Title: Senior Managing Director Bcp V-S L.P. By: Blackstone Management Associates V L.L.C., Its General Partner By: /S/ Peter Wallace Name: Peter Wallace Title: Senior Managing Director Blackstone Family Investment Partnership V L.P. By: Blackstone Management Associates V L.L.C., Its General Partner By: /S/ Peter Wallace Name: Peter Wallace Title: Senior Managing Director Blackstone Family Investment Partnership V - Smd L.P. By: Blackstone Management Associates V L.L.C., Its General Partner By: /S/ Peter Wallace Name: Peter Wallace Title: Senior Managing Director