EXHIBIT 10.26
AMENDMENT TO
EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is entered into
as of April 11, 2005, by and between Abercrombie & Fitch Co., a Delaware
corporation (the "Company"), and Xxxxxx X. Xxxxxx (the "Executive") (hereinafter
collectively referred to as "the Parties").
WITNESSETH:
WHEREAS, on May 17, 2004, the Company and Executive executed an employment
agreement (the "Agreement");
WHEREAS, the Company and Executive desire to amend the Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants and
promises of the Parties contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties, intending to be legally bound, hereby agree to modify and amend the
Agreement as follows:
9. Expenses.
....
(b) In lieu of benefits under the Company's relocation plan, the
Executive shall be entitled to the following:
....
(iv) Reimbursement for expenses of temporary housing for a
period commencing on the Commencement Date and ending not later than the
six-month anniversary of the Commencement Date, thereafter $3,000 per
month for temporary housing in Columbus, Ohio, for the next 12 months, all
such reimbursements to be grossed-up for taxes.
(v) A housing allowance of $10,000 per month for housing in
New York City during the Initial Term, which amounts shall be grossed-up
for taxes. Any such amounts accrued but not paid to the Executive as of
the date of this Amendment shall be payable to the Executive immediately
in accordance with the Company's general payroll practices.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed
by its duly authorized officer and the Executive has executed this Amendment as
of the day and year first written above.
THE COMPANY:
ABERCROMBIE & FITCH CO.
By: /s/ Xxxxxxx Xxxxxxxx
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Xxxxxxx Xxxxxxxx,
Chief Executive Officer
THE EXECUTIVE:
/s/ Xxxxxx X. Xxxxxx
---------------------------------
Xxxxxx X. Xxxxxx
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