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AMENDMENT NO. 3
TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT ("Amendment" herein) is
entered into as of May 18, 1999, by and between Xxxxxx X. Xxxxxxxxxx ("Xx.
Xxxxxxxxxx") and Vans, Inc., a Delaware corporation ("Vans"), with respect to
the following facts:
A. Vans and Xx. Xxxxxxxxxx previously entered into an Employment
Agreement, dated December 1, 1995 (the "Employment Agreement"),
which revised and replaced a Consulting Agreement between the
parties;
B. The Employment Agreement was amended as of February 13, 1998, and
May 18, 1998; and
C. The parties wish to further amend the Employment Agreement in
accordance with the action taken by the Board of Directors of the
Company on May 18, 1999.
NOW, THEREFORE, the parties hereto agree as follows:
1. Section 3 of the Employment Agreement. The term of the Employment
Agreement is hereby extended to May 31, 2001.
2. Other Provisions of the Employment Agreement. Except as
specifically modified or amended herein, all remaining provisions
of the Employment Agreement, as amended, shall remain in full
force and effect.
3. Miscellaneous. This Amendment shall be governed by California law
and may be executed in counterparts.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first above written.
XX. XXXXXXXXXX: VANS:
Vans, Inc., a Delaware corporation
/s/ Xxxxxx X. Xxxxxxxxxx By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxxxx Title: Vice President and General Counsel
