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Sample Business Contracts

Employment Agreement [Amendment No. 1] - K&G Men's Center Inc., K&G Men's Co. Inc. and Stephen H. Greenspan

Employment Forms

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  • Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
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                                 AMENDMENT NO. 1
                                       TO
                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT


         THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT is
entered into as of February 4, 2001 (this "Amendment"), between K&G MEN'S
CENTER, INC., a Delaware corporation ("K&G Men's Center"), K&G MEN'S COMPANY
INC., a Delaware corporation ("K&G Men's Company"), and STEPHEN H. GREENSPAN
("Employee").


                                   WITNESSETH:

         WHEREAS, K&G Men's Center and Employee entered into an Amended and
Restated Employment Agreement dated as of June 1, 1999 (the "Amended and
Restated Employment Agreement");

         WHEREAS, effective as of the date hereof, K&G Men's Center's principal
place of business and all operations of K&G Men's Center shall be moved to 40650
Encyclopedia Circle, Fremont, California and, as a result, Employee shall cease
to be a director, officer and employee of K&G Men's Center;

         WHEREAS, K&G Men's Company wishes to employ Employee pursuant to the
terms of the Amended and Restated Employment Agreement and Employee is willing
to accept such terms and conditions.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, and intending to be legally bound hereby, K&G Men's
Center, K&G Men's Company and Employee hereby agree as follows:

         1. All references in the Amended and Restated Employment Agreement to
"K&G Men's Center, Inc." or "the Company" shall be amended or deemed to refer to
K&G Men's Company Inc.

         2. K&G Men's Center shall have no continuing rights or obligations
under the Amended and Restated Employment Agreement.

         3. This Amendment shall not be considered to cause a termination
subject to Section 4 of the Amended and Restated Agreement.

         4. Miscellaneous.

                  (a) This Amendment and all terms and conditions contained
herein shall be binding upon the parties hereto and their successors.

                  (b) This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, and all of which
together constitute one and the same instrument.

<PAGE>

         IN WITNESS WHEREOF, the Company and Employee have executed this
Amendment No. 1 to Amended and Restated Employment Agreement as of the day and
year first above written.


                                             K&G MEN'S CENTER, INC.



                                             By: /s/ ERIC LANE
                                                 -------------------------------
                                             Name: Eric Lane
                                             Title: President and Chief
                                                    Operating Officer


                                             K&G MEN'S COMPANY INC.



                                             By: /s/ RICHARD E. GOLDMAN
                                                 -------------------------------
                                             Name: Richard E. Goldman
                                             Title: Executive Vice President



                                             /s/ STEPHEN H. GREENSPAN
                                             -----------------------------------
                                             Stephen H. Greenspan


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