Second Amendment to Oxford Industries, Inc. Deferred Compensation Plan
Oxford Industries, Inc. has amended its Deferred Compensation Plan, effective January 1, 2023, to change the employer matching contribution rate. Eligible employees who defer the minimum required amount will now receive a matching contribution equal to 5% of their excess compensation for the plan year. All other terms of the plan remain unchanged. This amendment was approved by the company's Board of Directors and signed by a member of the Administrative Committee.
second amendment to the oxford industries, inc.
deferred compensation plan
(As amended and restated effective June 13, 2012)
WHEREAS, Oxford Industries, Inc. (“Oxford”) sponsors the Oxford Industries, Inc. Deferred Compensation Plan (as amended and restated effective June 13, 2012) (the “Plan”); and
Whereas, Oxford desires to amend the Plan to modify the rate of employer matching contributions available under the Plan.
NOW THEREFORE, Oxford, pursuant to the approval of its Board of Directors, hereby amends the Plan as follows effective as of January 1, 2023:
1.Article III, MATCHING CONTRIBUTIONS, is hereby amended to read as follows:
Unless otherwise determined by the Committee, Oxford shall credit the Account of each Eligible Employee who elects to defer the Minimum Deferral Amount for a Plan Year with a Matching Contribution equal to 5% of his or her Excess Compensation for such Plan Year.
2.Except as expressly modified by this Second Amendment to the Plan, all other terms and conditions of the Plan shall remain in full force and effect in accordance with the Plan.
IN WITNESS WHEREOF, Oxford has caused this Second Amendment to the Plan to be executed on the date set forth below.
OXFORD INDUSTRIES, INC.
By: /s/ Suraj A. Palakshappa
Name: Suraj A. Palakshappa
Title: Member, Administrative Committee
Date: December 22, 2022
SGR/41712682.1
