Employee’s employment with the Employer (as defined under the Ascena Retail Group, Inc. Executive Severance Plan (the “ Severance Plan ”)) [ is] [was] terminated as of [________________ ___], 20[__] (the “ Termination Date ”). Employee acknowledges that the Termination Date [ is] [was] the termination date of [his/her] employment for purposes of participation in and coverage under all benefit plans and programs sponsored by or through the Employer. Employee acknowledges and agrees that the Employer shall not have any obligation to rehire Employee, nor shall the Employer have any obligation to consider [him/her] for employment, after the Termination Date. All capitalized terms used herein, unless defined otherwise herein, shall have the meaning set forth in the Severance Plan.