Swank, Inc. and Marshall Tulin Employment Agreement Amendment Letter (June 20, 2001)

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement between Swank, Inc. and Marshall Tulin amends their existing employment agreement to confirm that Mr. Tulin will receive a base salary of $250,000 per year during the term of his employment. All other terms of the original employment agreement remain unchanged. The agreement is governed by New York law and is effective upon countersignature by Mr. Tulin.

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EX-10.2 4 mtemploy2.txt EXHIBIT 10.2 SWANK, INC. 90 PARK AVENUE NEW YORK, NEW YORK 10016 June 20, 2001 Mr. Marshall Tulin Paine Road Hewlett, New York 11557 Dear Mr. Tulin: We refer to the Agreement dated as of June 20, 1991 between Swank, Inc. (the "Corporation") and you concerning your employment by the Corporation, as amended by letter agreements dated as of January 1, 1992, September 1, 1993, October 30, 1995, May 4, 1998 and May 30, 2001 between the Corporation and you (as so amended, the "Employment Agreement"). This letter will serve to confirm our understanding and agreement with regard to the Employment Agreement that during the term of the Employment Agreement, you will receive a base salary at the rate of $250,000.00 per annum, payable at the times and in the manner as is set forth in the Employment Agreement. Except as amended by this letter, the Employment Agreement shall remain and continue in full force and effect on and after the date hereof. This letter may be executed in two or more counterparts, each of which shall be deemed an original and all of which taken together shall constitute one and the same agreement. This letter shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without regard to principles of conflicts or choice of law (other than Section 5-1401 of the New York General Obligations Law). If the foregoing correctly sets forth our understanding and agreement, please countersign this letter in the space provided below. Very truly yours, SWANK, INC. By: /s/ John Tulin John Tulin, President ACCEPTED AND AGREED: /s/ Marshall Tulin