Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
The Agreement ("Employment Agreement") between Samsonite Corporation, a Delaware
corporation ("the Company") and Xxxxxxx X. Xxxxxxxx ("the Executive"), dated as
of May 15, 1996, is hereby amended as follows:
SECTION 7(d) is amended by restating the first sentence thereof as
follows: "Except as otherwise provided in this Section 7(d), the
Restricted Shares shall vest, and the restrictions imposed thereon shall
lapse, as to all such shares, on the second anniversary of the Effective
Date; provided that if a Change of Control occurs during the Term and the
Executive remains continually employed by the Company from the date
hereof to the Change of Control Date (as defined in the Stock Option
Agreement), then all of the Restricted Shares that have not theretofore
vested shall become vested as of the Change of Control Date."
All other terms and conditions of the Employment Agreement shall remain
in full force and effect.
IN WITNESS WHEREOF, the Company has caused its name to be subscribed to this
amendment by its duly authorized representative and the Executive has executed
this amendment as of the 2nd day of May, 1997.
Samsonite Corporation By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
Title: Senior Vice President
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
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