Amendment No. 1 to Employment Agreement between Steven Madden, Ltd. and Lisa Keith

Contract Categories: Human Resources › Employment Agreements
Summary

Steven Madden, Ltd. and employee Lisa Keith have agreed to amend their existing employment agreement, effective May 6, 2024. This amendment cancels the previously agreed grants of restricted stock scheduled for February 1, 2025, and February 1, 2026. The cancellation does not trigger any 'Good Reason' for resignation under the original agreement. All other terms of the employment agreement remain unchanged.

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EX-10.1 2 ex10-1.htm

 

Exhibit 10.1

 

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT

 

This Amendment No. 1 (the “Amendment”) to the Letter Agreement, dated as of January 24, 2024 (the “Employment Agreement”), by and between Steven Madden, Ltd., a Delaware corporation (the “Company”), and Lisa Keith (the “Employee”), is entered into effective as of May 6, 2024.

 

W I T N E S S E T H:

 

WHEREAS, the Company and the Employee are parties to the Employment Agreement; and

 

WHEREAS, the Employee and the Company desire to amend the Employment Agreement in certain respects;

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

  1. The second and third paragraphs of Section 5 of the Employment Agreement are hereby deleted in their entirety. Accordingly, the February 1, 2025 and February 1, 2026 grants of restricted stock set forth in the Employment Agreement are cancelled in their entirety.
     
  2. For the avoidance of doubt, neither this Amendment nor the cancellation of the grants of restricted stock referenced above shall constitute an occurrence described in Section 7(c)(i)-(iv) of the Employment Agreement giving rise to Good Reason (as defined in the Employment Agreement).
     
  3. Except as modified hereby, all other terms and conditions of the Employment Agreement shall remain in full force and effect.

 

Signature: STEVEN MADDEN, LTD.
     
  By: /s/ Edward R. Rosenfeld
  Edward R. Rosenfeld, CEO
     
  Counter-signature:
   
  /s/ Lisa Keith
  Lisa Keith

 

Lisa Keith