Exhibit No. 10
THIS EMPLOYMENT AGREEMENT (this “ Agreement ”), dated as of the 9th day of May, 2007, is
made by and between Regis Corporation, a Minnesota corporation (the “ Corporation ”), and Randy L. Pearce
(the “ Executive ”).
WHEREAS, the Corporation and the Executive are parties to that certain Senior Officer Employment
and Deferred Compensation Agreement, dated April 14, 1998, as subsequently amended (the “ Existing
Agreement ”); and
WHEREAS, the Corporation and the Executive also are parties to an Agreement dated May 24, 2005,
regarding a policy insuring the life of the Executive (the “ Insurance Agreement ”); and
WHEREAS, the Corporation and the Executive now desire (i) to terminate the Existing Agreement, (ii) to
enter into this Agreement to set out the terms and conditions of the Executive’s continued service with the
Corporation, and (iii) to consolidate the terms and conditions of the Insurance Agreement in this Agreement.
NOW, THEREFORE, in consideration of the provisions of this Agreement, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Corporation agrees to employ
the Executive, and the Executive agrees to such employment, upon the following terms and conditions:
1. EFFECTIVE DATE; PERIOD OF EMPLOYMENT .
(a) Effective Date . This Agreement shall be effective at 12:01 a.m. on May 9, 2007 (the “
Effective Date ”).
(b) Period of Employment . The employment of the Executive by the Corporation pursuant
to this Agreement shall be for a period (sometimes referred to herein as the “ period of employment ”)
beginning on the Effective Date and continuing, unless sooner terminated as provided in Section 6 herein,
until midnight on the day immediately preceding the fifth anniversary of the Effective Date. The
Corporation and the Executive recognize and acknowledge tha