EXHIBIT 10.33
AMENDMENT TO
EMPLOYMENT AGREEMENT
AMENDMENT, effective as of the 30th day of March, 2001 to the Employment
Agreement dated as of July 25, 1997 and amended as of December 8, 2000 among
Xxxxx Karan International Inc. (the "Company"), a Delaware corporation, The
Xxxxx Karan Company ("DKCo."), a New York partnership and Xxxx X. Idol
("Executive").
W I T N E S S E T H:
WHEREAS, the Company, DKCo. and the Executive have previously entered into
the Employment Agreement; and
WHEREAS, the Company, DKCo. and the Executive desire to further amend the
Employment Agreement.
NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree
as follows:
1. Section 10(b) of the Employment Agreement is hereby clarified, effective
as of March 30, 2001, by adding the following language at the end thereof:
"For purposes of Section 10(b)(ii), a vote cast by the
Executive in his capacity as a member of the Board (whether
in favor of or against a proposal put before the Board for a
vote) shall not constitute a corporate action initiated or
recommended by the Executive."
2. Agreement Otherwise Unchanged. The Employment Agreement, as so amended,
shall remain in full force and effect.
3. Counterparts. This Amendment may be executed in counterparts, each of
which shall be deemed an original, but both of which together shall constitute
the same agreement.
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IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the
date first written above.
XXXXX KARAN INTERNATIONAL INC.
By:___________________________
Name:
Title:
THE XXXXX KARAN COMPANY
By: XXXXX KARAN INTERNATIONAL INC.,
GENERAL PARTNER
By:___________________________
Name:
Title:
EXECUTIVE
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Xxxx X. Idol
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