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EXHIBIT 10.2
AMENDMENT
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OF
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EMPLOYMENT AGREEMENT
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This Amendment Agreement made this 11th day of November, 1997, between
Kellwood Company (the "Corporation") and Xxxxxxx X. XxXxxxx (the
"Executive");
WHEREAS, the Corporation and Executive entered into an Employment Agreement
dated December 9, 1992 (the "Agreement"); and
WHEREAS, the Compensation Committee of this company effective May 1, 1997,
agreed to amend the Agreement to increase Executive's compensation to Nine
Hundred Thousand Dollars ($900,000) per annum; and
WHEREAS, the Compensation Committee of this company agreed to amend the
Agreement to extend its term for one more year until November 30, 1998; and
WHEREAS, the Corporation and Executive desire to amend the Agreement
accordingly.
NOW THEREFORE, in consideration of their mutual promises and undertakings,
the parties hereby amend the Agreement as follows:
1. By deleting from paragraph 1 all references to the title Chief
Executive Officer.
2. By deleting from paragraph 1 the words "November 30, 1997" and
inserting in their place "November 30, 1998".
3. By deleting from paragraph 2 the amended amount of "Eight Hundred Fifty
Thousand Dollars ($850,000)" and inserting in its place "Nine Hundred
Thousand Dollars ($900,000)". This change shall be effective as of May
1, 1997.
4. By deleting from paragraph 15 the words "November 30, 1997, and
inserting in their place "November 30, 1998."
IN WITNESS WHEREOF, the parties have executed this Amendment of Employment
Agreement the day and year first above written.
KELLWOOD COMPANY
Secretary
/s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx, Chairman,
Compensation Committee
EXECUTIVE
/s/ Xxxx X. XxXxxxx /s/ Xxxxxxx X. XxXxxxx
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Witness Xxxxxxx X. XxXxxxx
