Exhibit 10.2
Norton XxXxxxxxxx of Xxxxxx, Inc.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
January 31, 2001
Xx. Xxxxxxx Xxxxxxxxx
00 Xxxxxx Xxxxx
Xxxxxx Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxxx:
Reference is made to the Amended and Restated Employment
Agreement (the "Employment Agreement") dated as of June 7, 1999 between Norton
XxXxxxxxxx of Xxxxxx, Inc. (the "Company") and you. Capitalized terms used
herein shall have the meanings ascribed to such terms of the Employment
Agreement.
For good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and you agree to amend
the Employment Agreement as follows:
1. The reference to "195,000" in Section 1.2 of the
Employment Agreement is hereby amended to be a reference to "220,618."
2. Section 2 of the Employment Agreement is hereby amended
and restated in its entirety to read as follows:
"2. Position Duties. The Employee shall serve as an
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employee of the Company in the New York City metropolitan
area. The Employee shall perform, faithfully and diligently,
such duties, and shall have such responsibilities, as shall be
assigned to him from time to time by the Board of Directors of
the Company or the Chairman of the Board, Chief Executive
Officer and President of the Company. The Employee shall
report to the Chairman of the Board, Chief Executive Officer
and President of the Company. During the Term, the Employee
also agrees to serve in the New York City metropolitan area,
if elected, as an officer and/or director of the Company or
any parent, subsidiary or affiliate of the Company. The
Employee shall devote his complete and undivided attention to
the performance of his duties and responsibilities hereunder
during the normal working hours of executive employees of the
Company."
Except as amended hereby, the Employment Agreement shall
remain in full force and effect and is hereby ratified and confirmed by the
Company and you.
Effective as of the date hereof, you hereby resign as Chairman
of the Board of the Company and of each of XxXxxxxxxx Apparel Group Inc., a
Delaware corporation, Miss Xxxxx, Inc., a Delaware corporation, Xxxx-Xx
Knitwear, Inc., a Delaware corporation and XxXxxxxxxx Apparel Holdings, Inc., a
South Carolina corporation. It is understood and agreed that the foregoing
resignations are not resignations as a member of the Board of Directors of each
of the foregoing corporations.
Please sign a copy of this Amendment in the space provided
below in order to evidence your agreement with the foregoing.
Very truly yours,
NORTON XXXXXXXXXX OF XXXXXX, INC.
By: /s/ Xxxxx Xxxxxxxxx
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Name: Xxxxx Xxxxxxxxx
Title: Chief Executive Officer
and President
Accepted and agreed to as of the
date first above written.
/s/ Xxxxxxx Xxxxxxxxx
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Xxxxxxx Xxxxxxxxx
