AGREEMENT TO EXTEND
EMPLOYMENT AGREEMENT BETWEEN
THE WARNACO GROUP, INC. AND XXXXX X. XXXXXXX
WHEREAS, The Warnaco Group, Inc., its divisions and subsidiaries
("Warnaco"), and Xxxxx X. Xxxxxxx ("Employee") entered into that certain
Employment Agreement dated as of June 11, 2001 (the "Employment Agreement"); and
WHEREAS, pursuant to sections 2 and 14 of the Employment Agreement,
Warnaco and Employee wish to extend the Employment Period (as such term is
defined in the Employment Agreement) as set forth below.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. The Employment Period shall be extended to the date which is the
earlier of (i) April 30, 2003, and (ii) the effective date of a confirmed plan
or plans of reorganization for all or substantially all of the debtors in the
chapter 11 cases filed by Warnaco and certain of its subsidiaries in the United
States Bankruptcy Court for the Southern District of New York on June 11, 2001.
2. Except as set forth above, the parties hereto acknowledge and agree
that all of the terms and provisions of the Employment Agreement are unchanged
and ratified.
IN WITNESS WHEREOF, each of Warnaco and Employee has executed this
Agreement, in the case of Warnaco by its duly authorized officer, as of July 19,
2002.
Dated: July 19, 2002 THE WARNACO GROUP, INC., for itself and
its divisions, subsidiaries and affiliates
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Vice President
Dated: July 19, 2002 EMPLOYEE
By: /s/ Xxxxx Xxxxxxx
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Xxxxx X. Xxxxxxx
