0000078239-06-000051 Sample Contracts

PHILLIPS-VAN HEUSEN CORPORATION NONQUALIFIED STOCK OPTION AWARD AGREEMENT (Director)
Nonqualified Stock Option Award Agreement • June 16th, 2006 • Phillips Van Heusen Corp /De/ • Men's & boys' furnishgs, work clothg, & allied garments • New York

Phillips-Van Heusen Corporation (the "Company") grants to the Optionee named below an option (the "Option") to purchase, in accordance with the terms of the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (the "Plan") and this nonqualified stock option agreement (this "Agreement"), the number of shares of Common Stock of the Company (the "Shares") at the exercise price per share (the "Exercise Price") as follows:

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