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Exhibit No. 3.8
EMPLOYMENT AGREEMENT
Agreement made as of the 20th day of November, 1998, between UNITED
RETAIL GROUP, INC., a Delaware corporation, with principal offices at 000 Xxxx
Xxxxxxx Xxxxxx, Xxxxxxxx Xxxx, Xxx Xxxxxx 00000-0000 (the "Company"), and XXXXXX
X. XXXXXX, residing at 00 Xxx Xxx, Xxxxxxx, Xxx Xxxxxx 00000 (the "Executive").
WHEREAS, the Executive has been employed by the Company as its Vice
Chairman, Secretary and Chief Financial Officer;
WHEREAS, the Company desires to continue the services of the Executive,
and the Executive desires to continue to provide such services to the Company,
on the terms set forth in this Agreement;
WHEREAS, the provisions of this Agreement were recommended by the
Compensation Committee of the Company's Board of Directors on November 9, 1998;
and
WHEREAS, this Agreement was reviewed by special counsel to the Company
and approved by the Company's Board of Directors on November 20, 1998.
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. DEFINITIONS.
(a) Affiliated Companies shall mean, with respect to the Company, any
corporation, limited partnership, general partnership,
association, joint-stock company, joint venture, trust, bank,
trust company, land trust, business trust, fund or any organized
group of persons, whether or not a legal entity, that is directly
or indirectly controlled by the Company.
(b) Base Salary shall have the meaning set forth in Section 4(a).
(c) Board of Directors shall mean the Board of Directors of the
Company.
(d) Business of the Company shall mean the operation of a retail store
chain which markets and sells apparel for women principally in
sizes 14 and larger and any other future business in which the
Company and its subsidiaries and Affiliated Companies engage that
produces more than 10% of the Company's consolidated sales.
