Exhibit 10.25
October 10, 2000
Xx. Xxx Xxxxxxxxxx
C/o The Xxxxx Karan Company
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxx:
This letter sets forth the agreement between The Xxxxx Karan Company (the
"Company") and you regarding the following modification to the terms of your
employment by the Company set forth in your December 18, 1998 employment
agreement with the Company (the "Employment Agreement"):
1. The Initial Employment Term shall be extended until December 31, 2003.
Any extension thereafter shall be as provided in Section 2 of the
Agreement.
2. All capitalized terms not otherwise defined herein shall be as defined
in the Agreement. Further, except as expressly modified herein, all
other provisions of the Agreement shall remain in full force and
effect.
3. This letter, together with the Agreement (as modified hereby),
contains the full and complete understanding and agreement of the
parties with respect to the subject matter hereof and supercedes all
prior agreements and understandings between the parties with respect
to the subject matter hereof.
If the foregoing is correct, please sign and return a copy of this letter,
which when signed will constitute a binding agreement.
THE XXXXX KARAN COMPANY
By: Xxxxx Karan International Inc.
By: /s/ Xxxx X. Idol
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Xxxx X. Idol
Chief Executive Officer
Agreed to:
/s/ Xxx Xxxxxxxxxx
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Xxx Xxxxxxxxxx
