EXHIBIT 10.2
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
This amendment made June 10, 2002 between FOOT LOCKER, INC. (formerly
known as Venator Group, Inc.), a New York corporation (the "Company") and
XXXXXXX X. XXXXX (the "Executive").
WHEREAS, the Company and the Executive are parties to an Employment
Agreement dated February 12, 2001, as amended on November 14, 2001 (the
"Employment Agreement") pursuant to which Executive serves as President and
Chief Executive Officer of the Company; and
WHEREAS, the parties desire to amend the Employment Agreement as provided
herein.
NOW, THEREFORE, the Company and the Executive hereby agree as follows:
1. Section 4(b) of the Employment Agreement is amended by deleting the
penultimate sentence of such section and substituting the following: "During
each year of the Employment Period beginning February 3, 2002, the annual bonus
payable to Executive at target shall be 90 percent of the Executive's
then-current Base Salary."
2. Section 4(f) of the Employment Agreement is amended by deleting the
penultimate sentence ("Executive shall not . . . Employment Period") of such
section.
3. Capitalized terms used herein that are defined in the Employment
Agreement shall have the meanings provided for in the Employment Agreement,
unless otherwise defined herein.
4. All provisions of the Employment Agreement not expressly amended hereby
shall remain unmodified and unamended hereby and the entire Employment
Agreement, as amended hereby, shall continue in full force and effect in
accordance with the terms of the Employment Agreement.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the day and year first above written.
FOOT LOCKER, INC.
By: /s/ Xxxxxx Xxxxxxxx
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Xxxxxx Xxxxxxxx
Xx. Vice President - Human Resources
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
