EXHIBIT 10.2 R.G. BARRY CORPORATION 13405 Yarmouth Road, N.W. Pickerington, Ohio 43147
EXHIBIT 10.2
R.G. BARRY CORPORATION
13405 Yarmouth Road, N.W.
Pickerington, Ohio 43147
March 15, 2012
Mr. Greg Tunney
President and Chief Executive Officer
R.G. Barry Corporation
13405 Yarmouth Road, N.W.
Pickerington, Ohio 43147
Re: Amendment of Employment Agreement
Dear Greg:
Reference is made hereby to your Employment Agreement with R.G. Barry Corporation (the Company) dated May 1, 2009 (the Employment Agreement).
We have agreed to amend Section 2 of the Employment Agreement to read as follows, effective upon the signing of this letter by you:
Section 2. Employment Term
With respect to the Executives position as Chief Executive Officer and President, the Executives initial term of employment under this Agreement shall begin on May 1, 2009 (the Effective Date) and shall end on the third anniversary thereof, unless sooner terminated as provided in Section 5. Following the initial Employment Term, the Employment Term shall automatically renew for additional one-year periods unless terminated pursuant to Section 5 or unless either party gives the other thirty (30) days prior written notice of its intent not to renew. The initial term and any renewal thereof are collectively referred to as the Employment Term.
If you are in agreement with the amendment to Section 2 of the Employment Agreement set forth above, please so indicate your agreement by signing and returning a copy of this letter to the Company.
Very truly yours,
R.G. Barry Corporation | ||||||
By: | /s/ Gordon Zacks |
Agreed to and Accepted:
/s/ Greg Tunney |
Greg Tunney |
Date: 03/15/12