Exhibit 10.18(b)
AMENDMENT made the 5th day of June, 2002, to the employment agreement
(the "Employment Agreement") dated as of January 23, 2001 by and between U.S.
Industries, Inc., a Delaware Corporation, with its principal office at 000 X.
Xxxxxxx Xxxxx, Xxxxx, 0000, Xxxx Xxxx Xxxxx, Xxxxxxx 00000 ("USI") and Xxxxx X.
Xxxxxxxxxx (the "Executive").
WITNESSETH:
WHEREAS, USI and the Executive have previously entered into the
Employment Agreement; and
WHEREAS, USI and Executive desire to amend the Employment Agreement
effective June 5, 2002 (the "Effective Date").
NOW, THEREFORE, effective on the Effective Date, the parties hereto
agree that Section 7(a)(vii) of the Employment Agreement is hereby amended in
its entirety to read as follows:
"(vii) the retirement of Executive by the Company at or after his
sixty-seventh birthday."
IN WITNESS WHEREOF, USI has caused this Amendment to be executed by its
duly authorized officers and the Executive has hereunto set his hand as of the
date first above written.
U.S. INDUSTRIES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
-------------------------------------
Xxxxxxx X. Xxxxxx
Senior Vice President
/s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Xxxxx X. Xxxxxxxxxx
("Executive")