Amendment to Employment Agreement between Del Laboratories, Inc. and Charles J. Hinkaty

Summary

Del Laboratories, Inc. and Charles J. Hinkaty have agreed to amend their existing employment agreement. The amendment extends the severance period from 180 days to 24 months and clarifies that the severance provisions will remain effective even after the end of employment or the agreement's termination. All other terms of the original agreement remain unchanged.

EX-10.15 7 exh10-15.txt AMEND EMP AGREE W/CHARLES HINKATY Exhibit 10.15 April 30, 2001 Mr. Charles J. Hinkaty c/o Del Laboratories, Inc. 178 EAB Plaza, 8th floor Uniondale, NY 11556 Re: Amendment to Employment Agreement Dear Charles: Reference is made to the employment agreement , dated March 14, 1985 (as amended, the "AGREEMENT"), between you and Del Laboratories, Inc. ("DEL"). Del and you hereby agree to amend the Agreement as follows: 1. CHANGE IN SEVERANCE. In Section 10(a) of the Agreement, the words "180 days" are hereby deleted and replaced with the words "24 months". 2. The Agreement is hereby amended by adding a new Section 16 as follows: "16. The provisions of Section 10 shall survive the termination of your employment, or the expiration or termination of this Agreement." As amended hereby, the Agreement shall remain in full force and effect. Sincerely, DEL LABORATORIES, INC. By: /s/ Dan K. Wassong ------------------ Dan K. Wassong President ACCEPTED AND AGREED TO: /s/ Charles J. Hinkaty ---------------------- Charles J. Hinkaty