AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Exhibit Xx. 00.0
XXXXXXXXX XX. 0 TO EMPLOYMENT AGREEMENT
This AMENDMENT NO. 2 made as of the 26th day of August, 2005, to the Employment Agreement (as amended, the “Agreement”) made as of the 3rd day of September, 2004, between UNITED RETAIL GROUP, INC., a Delaware corporation, with principal offices at 000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxx Xxxx, Xxx Xxxxxx 00000-0000, and XXXXXXX X. XXXXXXX, residing at 000 Xxxxxxxx Xxxxxx, Xxxxxxxxx 00X, Xxxxxxxxxx, Xxx Xxxxxx 00000.
WHEREAS, capitalized terms used herein and defined in the Agreement shall have the same meaning as in the Agreement;
WHEREAS, the Executive is an attorney admitted to practice before the courts of the State of New York and the United States District Court for the Southern District of New York;
WHEREAS, the Executive has been employed by the Company as its Senior Vice President — General Counsel to provide, among other things, advice on the laws of the State of New York and the federal laws of the United States and to supervise the representation before courts and legislative and administrative bodies of the Company and its subsidiaries;
WHEREAS, the Company desires to continue the professional services of the Executive, and the Executive desires to continue to provide such services to the Company, on the terms set forth in the Agreement; and
WHEREAS, the provisions of this Amendment were recommended by the Compensation Committee of the Company’s Board of Directors on August 25, 2005, and approved by the Company’s Board of Directors on August 26, 2005.
NOW, THEREFORE, in consideration of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending to be legally bound, hereby agree as follows:
1. Section 1(i) of the Agreement is amended to read in its entirety as follows:
| “(i) Contract Term shall mean the period of time commencing on November 20, 1998 and ending on September 3, 2010 or such later date as may be mutually agreed upon by the Company and the Executive. (For the avoidance of doubt, Contract Term as used herein may extend beyond the termination of the Executive’s employment under this Agreement.)” |
2. All the other provisions of the Agreement shall remain in force unchanged.
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment in Xxxxxxxx Park, New Jersey, in duplicate originals on August 29, 2005.
| UNITED RETAIL GROUP, INC. By: /s/ XXXXXXX XXXXXXXX Name: Xxxxxxx Xxxxxxxx Title: Chairman of the Board /s/XXXXXXX X. XXXXXXX Xxxxxxx X. Xxxxxxx |
