EX-10.d: DESCRIPTION OF 2008 SALARIED EMPLOYEE INCENTIVE BONUS PLAN

Exhibit 10(d)

     For the 2008 fiscal year, Liz Claiborne, Inc. maintained a bonus plan for full time salaried employees under which bonuses were earned based upon a combination of return on invested operating capital, as measured against pre-established targets, and, as applicable, achievement of targeted levels of corporate operating profit, divisional direct operating profit and/or departmental performance considerations and the achievement of individual goals, subject to certain terms and conditions. A similar bonus plan is anticipated for 2009.