EXHIBIT 10.21
AMENDMENT TO EMPLOYMENT AGREEMENT
This amendment made as of November 14, 2001 between FOOT LOCKER, INC.
(formerly known as Venator Group, Inc.), a New York corporation (the "Company"),
and XXXXXXX X. XXXXX (the "Executive").
WHEREAS, the Company and the Executive are parties to an Employment
Agreement dated February 12, 2001 (the "Employment Agreement") pursuant to which
the Executive serves as President and Chief Executive Officer of the Company;
and
WHEREAS, the parties desire to amend the Employment Agreement as
provided herein.
NOW, THEREFORE, the Company and the Executive hereby agree as follows:
1. Section 5(c)(ii) of the Employment Agreement is amended by deleting
the first sentence of such section and substituting in lieu thereof the
following:
(ii) On the earlier to occur of (A) March 4, 2003 and (B) the
date thirty (30) days following the day on which X. Xxxxxx Xxxxx
ceases, for any reason, to serve as Chairman of the Board of the
Company, if Executive has not been elected Chairman of the Board of the
Company (in addition to continuing in his position as Chief Executive
Officer), Executive may, during the 30-day period commencing on such
date, give written notice to the Company of his election to resign his
position as President and Chief Executive Officer and terminate this
agreement.
2. Capitalized terms used herein that are defined in the Employment
Agreement shall have the meanings provided for in the Employment Agreement,
unless otherwise defined herein.
3. All provisions of the Employment Agreement not expressly amended
hereby shall remain unmodified and unamended hereby and the entire Employment
Agreement, as amended hereby, shall continue in full force and effect in
accordance with the terms of the Employment Agreement.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the day and year first above written.
FOOT LOCKER, INC.
By:/s/ Xxxxxx Xxxxxxxx
-------------------------
Senior Vice President-
Human Resources
/s/ Xxxxxxx X. Xxxxx
-------------------------
Xxxxxxx X. Xxxxx
