AGREEMENT TO EXTEND
AMENDED EMPLOYMENT AGREEMENT
BETWEEN THE WARNACO GROUP, INC. AND XXXXXXX XXXXXXX
WHEREAS, The Warnaco Group, Inc., its divisions and subsidiaries
("Warnaco"), and Xxxxxxx Xxxxxxx ("Employee") entered into that certain Amended
Employment Agreement (the "Employment Agreement") dated as of June 11, 2001 and
approved by order of the United States Bankruptcy Court in Warnaco's chapter 11
cases (the "Cases") entered on February 21, 2002; and
WHEREAS, pursuant to sections 2(e) and 20(f) of the Employment
Agreement, Warnaco and Employee wish to extend the Employment Period and amend
the Expiration Date (as both terms are defined in the Employment Agreement) as
set forth below.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. The Employment Period shall be extended, and the Expiration Date
shall be amended, to the date which is the earlier of (i) April 30, 2003, and
(ii) the effective date of a confirmed plan or plans of reorganization for all
or substantially all of the debtors in the Cases.
2. Except as set forth above, the parties hereto acknowledge and agree
that all of the terms and provisions of the Employment Agreement are unchanged
and ratified.
IN WITNESS WHEREOF, each of Warnaco and Employee has executed this
Agreement, in the case of Warnaco by its duly authorized officer, as of July 16,
2002.
Dated: July 16, 2002 THE WARNACO GROUP, INC., for itself and
its divisions, subsidiaries and affiliates
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Vice President
Dated: July 16, 2002 EMPLOYEE
By: /s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx
