AMENDMENT NO. 5 TO EMPLOYMENT AGREEMENT

EX-10.1 2 knl-ex101_2014630.htm EX-10.1 KNL-EX10.1_2014.6.30

EXHIBIT 10.1

This Amendment No. 5 to the Employment Agreement (the “Amendment”) is entered into as of this 12th day of June, 2014, between Knoll, Inc., a Delaware corporation (the “Company”), and Andrew B. Cogan (“Executive”).

WHEREAS, the parties wish to amend the March 23, 2001 Employment Agreement between Executive and the Company, as previously amended (the “Agreement”), as hereinafter set forth;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to become legally bound, the parties agree as follows:

1.All defined terms contained in this Amendment shall have the meanings ascribed to them in the Agreement.

2.Executive’s “Base Salary” is changed to be $832,000 effective as of July 1, 2014.

a.The following sentence is inserted at the end of Section 3.01(c) of the Agreement: “For calendar year 2014 only, Executive’s target annual bonus opportunity shall be $800,000.”

3.Except as specifically set forth herein, the terms of the Agreement shall remain unchanged.

IN WITNESS WHEREOF, each of the parties has duly executed this Agreement effective as of the date first above written.

KNOLL, INC.




	By:	/s/ Craig B. Spray
		Name: Craig B. Spray
		Title: Senior Vice President and Chief Financial Officer




		/s/ Andrew B. Cogan
		Andrew B. Cogan