December 16, 1997 Mr. David DeMattei 31 North Moore Street New York, NY 10003 Dear Dave, This letter will supersede your current employment agreement dated December 6, 1996 (countersigned by you on May 27, 1997) and your Stock Option Plan dated...Employment Agreement • February 6th, 1998 • Crew J Operating Corp • Blank checks
This letter will supersede your current employment agreement dated December 6, 1996 (countersigned by you on May 27, 1997) and your Stock Option Plan dated February 5, 1997 as amended on February 10, 1997 ("prior DeMattei Stock Option Agreement") and all of their provisions, as well as any other arrangements of any kind pertaining to your employment, compensation, equity or other incentive programs or transaction bonuses or other perquisites and whether in writing or orally understood. Any and all such employment arrangements shall hereafter be governed solely by this letter agreement and any amendments to this letter signed by an authorized officer of J. Crew Group, Inc. and by you. You will continue to be employed as President, J. Crew Retail (consisting primarily of Grace Holmes, Inc. and H. F. D. No. 55, Inc.).
