Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - RALPH LAUREN CORP | y81773e10vk.htm |
| EX-32.1 - EX-32.1 - RALPH LAUREN CORP | y81773exv32w1.htm |
| EX-32.2 - EX-32.2 - RALPH LAUREN CORP | y81773exv32w2.htm |
| EX-31.2 - EX-31.2 - RALPH LAUREN CORP | y81773exv31w2.htm |
| EX-21.1 - EX-21.1 - RALPH LAUREN CORP | y81773exv21w1.htm |
| EX-23.1 - EX-23.1 - RALPH LAUREN CORP | y81773exv23w1.htm |
| EX-23.2 - EX-23.2 - RALPH LAUREN CORP | y81773exv23w2.htm |
| EX-31.1 - EX-31.1 - RALPH LAUREN CORP | y81773exv31w1.htm |
EXHIBIT 10.14
FIRST AMENDMENT TO
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Amendment”) made effective
as of the 29th day of March, 2010, by and between Polo Ralph Lauren Corporation, a
Delaware corporation (the “Corporation”), and Roger N. Farah (the “Executive”).
WHEREAS, the Corporation and the Executive entered into an Amended and Restated Employment
Agreement effective as of October 14, 2009 (the “Agreement”); and
WHEREAS, the Corporation and the Executive wish to clarify the Agreement in certain respects.
NOW, THEREFORE, intending to be bound, the parties hereby agree that the Agreement shall be
amended as follows:
1. Section 6(a)(i)(1)(y) of the Agreement is hereby amended in its entirety to read as
follows:
“the sum of (I) the Executive’s salary at the rate in effect on such date (unless
employment is terminated by the Executive for Good Reason pursuant to Section 5(b)
hereof as a result of a Salary reduction, in which case, at the rate in effect prior
to such reduction), plus (II) $6 million; plus”
2. Section 6(a)(v) of the Agreement is hereby amended by deleting the words “Salary and Target
Annual Incentive Bonus” contained in clause (A) thereof.
3. The second sentence of Section 6(e) of the Agreement is hereby amended by deleting the
words “the Target Annual Incentive Bonus” in clause (y) thereof and by substituting therefor the
words “$6 million”.
IN WITNESS WHEREOF, the Corporation has caused this Amendment to be duly executed and the
Executive has hereunto set his hand, effective as of the first day written above.
| POLO RALPH LAUREN CORPORATION |
||||
| By: | /s/ Ralph Lauren | |||
| Name: | Ralph Lauren | |||
| Title: | Chairman and CEO | |||
| Date: | March 29, 2010 | |||
| By: | /s/ Roger N. Farah | |||
| /s/ ROGER N. FARAH | ||||
| Executive: ROGER N. FARAH | ||||
| Date: March 29, 2010 | ||||