SWANK, INC.
00 XXXX XXXXXX
XXX XXXX, XXX XXXX 00000
June 20, 2001
Xx. Xxxxxxxx Xxxxx
Xxxxx Xxxx
Xxxxxxx, Xxx Xxxx 00000
Dear Xx. Xxxxx:
We refer to the Agreement dated as of June 20, 1991 between
Swank, Inc. (the "Corporation") and you concerning your
employment by the Corporation, as amended by letter agreements
dated as of January 1, 1992, September 1, 1993, October 30, 1995,
May 4, 1998 and May 30, 2001 between the Corporation and you (as
so amended, the "Employment Agreement"). This letter will serve
to confirm our understanding and agreement with regard to the
Employment Agreement that during the term of the Employment
Agreement, you will receive a base salary at the rate of
$250,000.00 per annum, payable at the times and in the manner as
is set forth in the Employment Agreement.
Except as amended by this letter, the Employment Agreement
shall remain and continue in full force and effect on and after
the date hereof.
This letter may be executed in two or more counterparts,
each of which shall be deemed an original and all of which taken
together shall constitute one and the same agreement.
This letter shall be governed by, and construed and enforced
in accordance with, the laws of the State of New York, without
regard to principles of conflicts or choice of law (other than
Section 5-1401 of the New York General Obligations Law).
If the foregoing correctly sets forth our understanding and
agreement, please countersign this letter in the space provided
below.
Very truly yours,
SWANK, INC.
By: /s/ Xxxx Xxxxx
Xxxx Xxxxx, President
ACCEPTED AND AGREED:
/s/ Xxxxxxxx Xxxxx
