Letter Amendment to Employment Agreement between Hartmarx Corporation and Taras R. Proczko (December 17, 2004)
Hartmarx Corporation and Taras R. Proczko have agreed to amend their existing Employment Agreement. The amendment extends Mr. Proczko's employment term with the company through December 31, 2005. All other terms of the original Employment Agreement and the related Severance Agreement remain unchanged and in effect. Both parties have signed this letter to confirm their acceptance of the amendment.
EXHIBIT 10-F-7
| December 17, 2004 |
Mr. Taras R. Proczko
Hartmarx Corporation
101 North Wacker Drive
Chicago, Illinois 60606
| Re: | Employment Agreement dated as of August 8, 2004, (the “Employment Agreement”), by and between Hartmarx Corporation and Taras R. Proczko |
Dear Terry:
Reference is made to the Employment Agreement between you, as Executive, and Hartmarx Corporation (the “Company”). Hartmarx Corporation has been authorized by the Compensation and Stock Option Committee of the Board of Directors to amend the Employment Agreement in certain respects, effective as of the date of this letter, as set forth below.
1. Section 1 of the Employment Agreement is hereby amended by deleting the first clause thereof, though the semi-colon “;” in line 4, and inserting the following:
“The Company hereby employs Executive and Executive hereby agrees to remain in the employ of the Company for an employment term (“Agreement Period”) beginning on the date of this Agreement, and continuing in effect through December 31, 2005;”
2. Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Employment Agreement.
3. Except as expressly amended by this letter, the Employment Agreement shall each remain in full force and effect in accordance with its terms.
Severance Agreement requires no revisions as a result of the extension of the Employment Agreement and remains in full force and effect in accordance with its terms.
Mr. Taras R. Proczko
Hartmarx Corporation
December 17, 2004
Page 2
Please sign both copies of this letter where indicated below evidencing your agreement to this amendment to the Employment Agreement and return one fully executed counterpart to me. When fully executed, this letter will serve as an amendment to the Employment Agreement.
| Sincerely, |
| /S/ HOMI B. PATEL |
Agreed and Accepted this
17th day of December, 2004
/S/ TARAS R. PROCZKO
Taras R. Proczko
HBP
