Lands' End amends CFO McCracken's severance agreement with enhanced benefits

LANDS' END, INC.

Amended severance provides 12 months base salary plus avg of prior 2 years' annual bonus; 24 months if change-in-control.
Non-compete period is 12 months post-termination (24 months after change-in-control); 18-month non-solicit; 24-month non-disparagement.
No 'golden parachute' excise tax gross-up; payments may be reduced if Section 280G threshold exceeded.
Agreement supersedes September 2023 severance deal; effective March 11, 2025.

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