First Amendment to Employment Agreement
Exhibit 10.10
First Amendment to Employment Agreement
This First Amendment to the employment agreement by and between THE WARNACO GROUP, INC., a
Delaware corporation (together with its successors and assigns, the “Company”), and XXXXXXX X.
XXXXXXXXXXX (the “Executive”), dated as of December 31, 2008 (the “Agreement”), is made and
entered into on the date written below. All definitions not defined herein have the meaning
ascribed to such terms in the Agreement.
WHEREAS, the Company desires to amend the Agreement to provide a pro-rata bonus for the
Executive upon certain terminations of employment without Cause or for Good Reason;
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for
other good and valuable consideration, the receipt of which is mutually acknowledged, the Company
and the Executive agree as follows:
1. Section 6(a) of the Agreement is amended by deleting the “and” at the end of Section 6(a)(iii),
replacing the period at the end of Section 6(a)(iv) with “; and”, and adding the following new
clause (v) at the end of Section 6(a):
(v) a pro-rata annual bonus determined by multiplying the amount of the annual bonus the
Executive would have received had his employment continued through the end of the fiscal
year in which the Date of Termination occurs by a fraction, the numerator of which is the
number of days during such fiscal year that the Executive was employed by the Company and
the denominator of which is 365, payable when bonuses for such fiscal year are paid to other
Company executives (but in all events in the fiscal year following the fiscal year in which
the Date of Termination occurs and no later than 60 days after the end of fiscal year in
which the Date of Termination occurs).
2. Except as otherwise set forth herein, the Agreement continues in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date written below.
THE WARNACO GROUP, INC. | ||||||||
By: | /s/ Xxxxxx X. Xxxxxx | |||||||
Name: | Xxxxxx X. Xxxxxx | |||||||
Title: | Chief Executive Officer | |||||||
THE EXECUTIVE | ||||||||
/s/ Xxxxxxx X. Xxxxxxxxxxx | ||||||||
XXXXXXX X. XXXXXXXXXXX |
Date: October 31, 2011