Employment Agreement Modification between The Donna Karan Company and Lee Goldenberg (October 10, 2000)

Contract Categories: Business Finance › Modification Agreements
Summary

This agreement modifies the existing employment contract between The Donna Karan Company and Lee Goldenberg, extending his employment term until December 31, 2003. All other terms of the original December 18, 1998 employment agreement remain unchanged unless specifically modified by this letter. Both parties agree that this letter, together with the original agreement as amended, represents their complete understanding regarding the extension of employment.

Read More Arrow
EX-10.25 5 a2038805zex-10_25.txt EXHIBIT 10.25 Exhibit 10.25 October 10, 2000 Mr. Lee Goldenberg C/o The Donna Karan Company 550 Seventh Avenue New York, New York 10018 Dear Lee: This letter sets forth the agreement between The Donna Karan Company (the "Company") and you regarding the following modification to the terms of your employment by the Company set forth in your December 18, 1998 employment agreement with the Company (the "Employment Agreement"): 1. The Initial Employment Term shall be extended until December 31, 2003. Any extension thereafter shall be as provided in Section 2 of the Agreement. 2. All capitalized terms not otherwise defined herein shall be as defined in the Agreement. Further, except as expressly modified herein, all other provisions of the Agreement shall remain in full force and effect. 3. This letter, together with the Agreement (as modified hereby), contains the full and complete understanding and agreement of the parties with respect to the subject matter hereof and supercedes all prior agreements and understandings between the parties with respect to the subject matter hereof. If the foregoing is correct, please sign and return a copy of this letter, which when signed will constitute a binding agreement. THE DONNA KARAN COMPANY By: Donna Karan International Inc. By: /s/ John D. Idol ------------------------------ John D. Idol Chief Executive Officer Agreed to: /s/ Lee Goldenberg - ----------------------- Lee Goldenberg