Contract Categories: Human Resources - Employment Agreements
EX-10.17 2 dex1017.htm 4TH AMENDMENT OF EMPLOYMENT AGREEMENT, JUNE 29, 2003 FOR DAVID A. LEVIN 4th Amendment of Employment Agreement, June 29, 2003 for David A. Levin

Exhibit 10.17





WHEREAS, Casual Male Retail Group, Inc., (formerly Designs, Inc., “CMRG”) and David A. Levin (“Executive”) entered into a certain Employment Agreement dated as of March 31, 2000, as amended by Letter Agreement dated April 10, 2001, Second Amendment to Employment Agreement dated January 30, 2003 and by Third Amendment to Employment Agreement dated July 9, 2003 (hereinafter referred to as the “Agreement”); and


WHEREAS, Company and Executive wish to amend, modify and/or restate certain terms, provisions, conditions, and covenants of the Agreement.


NOW, THEREFORE, in consideration of the foregoing, and of the promises, covenants, conditions and agreements contained herein, and for One Dollar ($1.00) and for other good and valuable consideration, the receipt and sufficiency of which is hereby expressly acknowledged, the Company and Executive hereby agree to amend the Agreement as follows:


1. Section 3 of the Agreement is hereby deleted in its entirety and the following is hereby substituted in lieu thereof:




As Compensation for the employment services to be rendered by the Executive hereunder; the Company agrees to pay to Executive, and Executive agrees to accept, payable in equal installments in accordance with Company practice an annual base salary of $575,000, effective as of May 1, 2004.”


2. Except as herein specifically modified and amended, all of the terms, provisions, conditions, and covenants of the Agreement shall continue in full force and effect and shall be deemed unchanged except to the extent modified and amended herein.


IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Employment Agreement as a sealed instrument, in any number of counterpart copies, each of which shall be deemed an original for all purposes, as of the day and year first written below.





By:   /s/    DENNIS R. HERNREICH                     June 29, 2004

Dennis R. Hernreich

Executive Vice President,

Chief Operating Officer,

Chief Financial Officer, Treasurer

and Secretary






/s/    DAVID A. LEVIN                          

      June 29, 2004
    David A. Levin       Date