GARAN, INCORPORATED
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
November 15, 1995
Xx. Xxxxxx Xxxxx
Xxxxx 0, Xxx 000
Xxxxxxxxxx, Xxxxxxxxxxx 00000
Dear Xxxxxx:
We are writing to amend, as of October 1, 1995, the agreement between you
and Garan, Incorporated ("Garan") originally entered into on October 1, 1988,
and subsequently amended and restated as of October 1, 1992 (the agreement, as
amended and restated, "Employment Agreement"), with respect to your continuing
employment by Xxxxx. We have agreed that:
A. Section 1.3, Period of Employment, shall be amended to read as
follows:
"Subject to Section 3, your employment under this Employment
Agreement shall be for a term ending September 30, 1998."
B. Section 3.2, Termination by Garan Other than for Cause, shall be
amended (i) by changing the date in the first paragraph from "October 1, 1995"
to "October 1, 1998", and (ii) by changing the date in Paragraph 3.2.b from
"September 30, 1995" to "September 30, 1998."
Xx. Xxxxxx Xxxxx November 15, 1995
Page 2
C. Section 3.5, Disability, shall be amended by xxxxx-ing the date in
Paragraph 3.5.a from "September 30, 1995" to "September 30, 1998."
D. Section 4.2, Non-Competition, shall be amended by changing the
date in Paragraph 4.2.b from "October 1, 1995" to "October 1, 1998."
E. In all other respects, the Employment Agreement shall be
unchanged.
If the foregoing correctly sets froth our agreement, please sign and return
the enclosed copy of this letter.
Sincerely,
GARAN, INCORPORATED
By: /S/ XXXXXX XXXXXX
------------------------
Xxxxxx Xxxxxx, President
AGREED AND ACCEPTED:
/S/ XXXXXX XXXXX
----------------------
Xxxxxx Xxxxx
