Please wait
Exhibit 10.3
STITCH FIX, INC.
SEVERANCE PLAN
PARTICIPATION NOTICE

Name of Covered Employee:     
On behalf of Stitch Fix, Inc. I am pleased to inform you that you have been designated as a Covered Employee in the Stitch Fix, Inc. Severance Plan (the “Plan”), a copy of which is attached as Exhibit A to this Participation Notice (this “Notice”). Capitalized terms used but not defined in this Notice have the meanings provided in the Plan.
Eligibility and Benefits. In accordance with the Plan, you [have been designated a “Tier ___ Covered Employee.”] [are participating in the Plan at the level of “CEO.”] The schedule of benefits you may become entitled to receive on an Involuntary Termination is found in Section 4 of the Plan.
If your employment with the Company is terminated for any reason other than an Involuntary Termination, you will not be eligible for severance benefits under the Plan.
Acknowledgements. By signing this Notice, you hereby acknowledge each of the following:
(a)Your eligibility for and receipt of any severance benefits to which you may become entitled pursuant to the Plan is expressly contingent upon your compliance with the requirements contained in Section 5 of the Plan, including your execution of a Release and your continuing obligations under the terms of any applicable confidential information agreement, proprietary information and inventions agreement, any covenants agreement or similar obligation you owe to the Company. Severance benefits under the Plan will immediately cease in the event of your violation of the provisions of the Release or your continuing obligations under the afore-mentioned agreements or obligations.
(b)The Plan supersedes any other change in control or severance benefit plan, policy or practice previously maintained by the Company that may have been applicable to you and any change in control or severance benefits in any individually negotiated employment contract or other agreement between you and the Company.
Entire Agreement; Other Terms. The Plan and this Notice form the complete and exclusive statement of your agreement with the Company regarding your rights to any severance payments or benefits, and they supersede and replace all other or prior agreements, whether oral or written, on that subject, as noted above. The terms and conditions of this Notice inure to the benefit of and are binding upon the respective successors and permitted assignees of the parties hereto.
This Notice may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

    1


To participate in the Plan, please countersign and date this Notice in the space provided below and return it to the Company no later than ______________.
Sincerely,
Stitch Fix, Inc.
    
[Name]
[Title]
            
Covered Employee’s Signature        Date


    2


Exhibit A
STITCH FIX, INC.
SEVERANCE PLAN