December 2, 1998
Xx. Xxxx Xxxxxxxx
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxxxx:
This letter will confirm the following agreement between G-III Apparel Group,
Ltd. (the "Company") and you.
1) You will continue to be a Consultant to the Company.
2) In consideration of your consulting to the Company, you will continue to be
paid $1,000 per month.
3) The Company shall continue to provide medical insurance to you and your wife
Xxxxxx Xxxxxxxx.
4) The Company shall continue to provide you with an automobile or shall
reimburse you for the cost thereof.
5) The Company shall continue to furnish you with office space, secretarial
support and other office services for so long as you shall desire.
6) If you shall pre-decease your wife, this agreement and all benefits hereunder
shall terminate, provided, however, that the Company shall continue to
provide the medical insurance referred to in Section 3 to your wife.
If the foregoing accurately sets forth our understanding, please execute both
copies of this letter and return one executed copy to the undersigned.
Very truly yours,
G-III Apparel Group, Ltd.
By: /s/ Xxxxx X. Xxxxxx
-------------------------
Chief Financial Officer
Accepted and Agreed to:
/s/ Xxxx Xxxxxxxx
