Exhibit 10.14
EMPLOYMENT AGREEMENT AMENDMENT
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Amendment to Employment Agreement dated as of January 1, 1998 (the
"Agreement") between REVLON CONSUMER PRODUCTS CORPORATION, a Delaware
corporation (the "Company") and XXXX X. XXXXXXX (the "Executive").
The Company and the Executive wish to amend the Employment Agreement
on the terms set forth in this agreement (the "Amendment"), capitalized terms
used herein and not otherwise defined being used herein with the meanings
ascribed to them in the Agreement. Accordingly, the Company and the Executive
hereby agree as follows:
1. Stock Options. Section 3.3 of the Agreement is hereby amended by
adding at the end thereof the following:
", provided that if the Term shall end otherwise than at a calendar
year end, the stock option granted with respect to such final year of the Term
shall cover that number of shares that is the product of multiplying the number
of shares above set forth by a fraction of which the numerator is the number of
days of the Term during such final year and the denominator is 365."
2. Entire Agreement. This Amendment sets forth the entire agreement
and understanding of the parties with respect to the amendment of the
Agreement. Except as expressly amended hereby, the Agreement shall not be
deemed to have been modified or affected in any way, shall be deemed to have
been restated effective the date hereof, and shall remain in full force and
effect upon all of its terms and conditions.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
9th day of April, 1998.
REVLON CONSUMER PRODUCTS CORPORATION
By: /s/ Xxxxxx Xxxxxxx
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/s/ Xxxx X. Xxxxxxx
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