Amendment No. 3 to Severance Agreement between Macy's, Inc. and Executive
This amendment, dated November 1, 2008, updates the Severance Agreement between Macy's, Inc. and the Executive by extending a key date in the agreement from November 1, 2008, to November 1, 2009. All other terms of the original Severance Agreement remain unchanged. The amendment is signed by both the Executive and a representative of Macy's, Inc.
Exhibit 10.1
AMENDMENT No. 3. to SEVERANCE AGREEMENT
This Amendment No. 3 to Severance Agreement, dated as of November 1, 2008 ("Amendment No. 3"), is made and entered by and between _______ (the "Executive") and MACY'S, INC., a Delaware corporation (the "Company").
RECITALS
A. The Executive and the Company entered into a Severance Agreement dated as of ____, as amended by Amendment No. 1 dated as of November 1, 2006 and Amendment No. 2 dated as of November 1, 2007 (the "Severance Agreement") and
B. The Executive and the Company desire to further amend the Severance Agreement.
AGREEMENT
NOW, THEREFORE, the Company and the Executive agree as follows:
1. Clause (i) of Section 1(g) is hereby amended to replace the date "November 1, 2008" with the date "November 1, 2009".
2. Except as hereby amended, all of the other terms and provisions of the Severance Agreement remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 3 as of November 1, 2008.
MACY'S, INC.
______________________________________ ____________________________________
Executive Dennis J. Broderick
Senior Vice President, General Counsel and
Secretary
