Amendment to Finlay Enterprises, Inc. Executive Deferred Compensation and Stock Purchase Plan

Summary

Finlay Enterprises, Inc. has amended its Executive Deferred Compensation and Stock Purchase Plan to correct a clerical error in Section 6.4, changing a date from March 1 to April 1. This amendment is effective as of May 1, 2003, and was executed by the company's Chairman, President, and CEO. The amendment ensures the plan's terms accurately reflect the intended dates for relevant actions under the plan.

EX-10.2 4 file003.txt AM. 1 TO THE EXEC. DEF. COMP. AND STCK PUR. PLAN Exhibit 10.2 AMENDMENT TO THE FINLAY ENTERPRISES, INC. EXECUTIVE DEFERRED COMPENSATION AND STOCK PURCHASE PLAN WHEREAS, Finlay Enterprises, Inc. (the "Corporation") maintains the Finlay Enterprises, Inc. Executive Deferred Compensation and Stock Purchase Plan (the "Plan"); WHEREAS, pursuant to the Article 12 of the Plan, the Corporation may amend the Plan at any time; and WHEREAS, the Corporation desires to amend the Plan to correct a scrivener's error in Section 6.4 of the Plan. NOW, THEREFORE, the Plan is hereby amended, effective as of May 1, 2003, as follows: 1. The first sentence of the second paragraph of Section 6.4 of the Plan is amended by substituting "April 1" in lieu of "March 1" therein. IN WITNESS WHEREOF, this amendment has been executed this 19th day of June, 2003. FINLAY ENTERPRISES, INC. By: /s/ Arthur E. Reiner ------------------------------------------- Arthur E. Reiner Chairman, President and Chief Executive Officer