EXHIBIT 10.11
EMPLOYMENT AGREEMENT AMENDMENT
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THIS EMPLOYMENT AGREEMENT AMENDEMENT made effective as of November 1,
1998 by and between Hills Department Store Company and Hills Stores Company,
Delaware corporations having their principal office at 00 Xxx Xxxx, Xxxxxx,
Xxxxxxxxxxxxx (the "Company") and Xxxxxxx X. Xxxxxxxx, executive vice president-
operations (the "Executive").
WHEREAS, the Company and the Executive currently have an agreement dated
October 21, 1996 (the "Employment Agreement") whereby the Company has agreed to
employ the Executive and the Executive has agreed to work for the Company.
WHEREAS, the Company and the Executive desire to amend the Employment
Agreement to provide for an extended term.
NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, the Company and the Executive hereby agree,
effective November 1, 1998, to amend the Employment Agreement as follows:
SECTION 1. TERM is hereby modified to read as follows:
1. TERM - The Company will employ you and you accept employment
for a term beginning on the effective date of the Employment Agreement, October
21, 1996 and ending on October 20, 2000, unless sooner terminated as provided in
paragraph 4 of the Employment Agreement.
Except as specifically amended hereby, the terms and provisions of the
Employment Agreement shall remain in full force and effect and are enforceable
by the parties hereto.
IN WITNESS WHEREOF, the parties have executed this Agreement on November
2, 1998.
EXECUTIVE: HILLS STORES COMPANY
/s/ Xxxxxxx X. Xxxxxxxx /s/ Xxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxxxxxx Xxxxx X. Xxxxxxxxx
Chairman of the Board & CEO
HILLS DEPARTMENT STORE COMPANY
/s/ Xxxxxxx X. Friend
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Xxxxxxx X. Friend
Sr. Vice President-Secretary
and Corporate Counsel
