Fifth Amendment to Employment Agreement between Jos. A. Bank Clothiers, Inc. and Robert Hensley
This amendment updates the employment agreement between Jos. A. Bank Clothiers, Inc. and Robert Hensley. It extends the employment period to January 31, 2005, unless terminated earlier as specified in the original agreement, and sets Mr. Hensley’s base salary at $290,000 effective March 3, 2003. All other terms of the original agreement remain unchanged unless they conflict with this amendment, in which case the amendment prevails.
Exhibit 10.17(e)
FIFTH AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIFTH AMENDMENT (this Amendment) is made as of this 30th day of April, 2003 to that certain EMPLOYMENT AGREEMENT, dated as of November 30, 1999 (as heretofore amended, the Employment Agreement), by and between ROBERT HENSLEY (Employee) and JOS. A. BANK CLOTHIERS, INC. (Employer).
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, Employer and Employee, being the sole parties to the Employment Agreement, hereby amend the Employment Agreement as follows:
1. Subject to earlier termination otherwise set forth in the Employment Agreement, the last day of the Employment Period shall be January 31, 2005.
2. Effective March 3, 2003, Employees Base Salary shall be $290,000.
Except as specifically amended hereby, the Employment Agreement shall remain in full force and effect according to its terms. To the extent of any conflict between the terms of this Amendment and the terms of the remainder of the Employment Agreement, the terms of this Amendment shall control and prevail. Capitalized terms used but not defined herein shall have those respective meanings attributed to them in the Employment Agreement. This Amendment shall hereafter be deemed a part of the Employment Agreement for all purposes.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.
JOS. A. BANK CLOTHIERS, INC. | ||||||||
By: | /s/ ROBERT N. WILDRICK | /s/ ROBERT HENSLEY | ||||||
Robert N. Wildrick | ROBERT HENSLEY | |||||||
Chief Executive Officer |