Termination Agreement between The Gap, Inc. and John M. Lillie

Summary

This agreement confirms that the consulting agreement between The Gap, Inc. and John M. Lillie, originally dated December 7, 2000, was terminated effective January 23, 2001. Both parties acknowledge and agree to the termination by signing this letter. There are no additional terms or conditions specified beyond the confirmation of termination.

EX-10.37 5 0005.txt TERMINATION AGREEMENT - JOHN M. LILLIE Exhibit 10.37 Gap Inc. One Harrison Street San Francisco, CA 94105 January 24, 2001 John M. Lillie [Address] Dear John, By signing this letter below you agree and confirm that your consulting agreement with The Gap, Inc., dated December 7, 2000, was terminated effective January 23, 2001. Very truly yours, The Gap, Inc. /s/ Millard S. Drexler - ---------------------- Millard S. Drexler Chief Executive Officer Agreed, /s/ John M. Lillie February 2, 2001 - ------------------ ---------------- John M. Lillie Date