[TJX Letterhead]
Exhibit 10.6
[TJX Letterhead]
Mr. Arnold Barron
The TJX Companies, Inc.
770 Cochituate Road
Framingham, MA 01701
Re: Modification of Employment Agreement
Dear Mr. Barron:
Reference is made to the Employment Agreement dated as of April 5, 2005 (the Agreement) between you and The TJX Companies, Inc. (the Company). The Company proposes to modify Section 3(g) of the Agreement to replace the reference to a leased automobile with a reference to an auto allowance and to make a corresponding change to Section C.1(c) of Exhibit C. Section 3(g) would be modified by deleting the second sentence thereof and amending the first sentence thereof so that it reads: Executive shall be subject to Company policies applicable to its executives generally and shall be entitled to receive an automobile allowance commensurate with his position and all such other fringe benefits as the Company shall from time to time make available to other executives generally (subject to the terms of any applicable fringe benefit plan). Section C.1(c) of Exhibit C would be modified to read: For a period of two years after the Date of Termination, the Company shall continue to provide to Executive the automobile allowance that it was providing to him prior to the Change of Control.
If you agree with the foregoing proposed modification of the Agreement, please so indicate by signing the enclosed copy of this letter agreement and returning it to Donald G. Campbell, whereupon Section 3(g) of the Agreement and Section C.1(c) of Exhibit C of the Agreement will be deemed modified, effective immediately, to read as described above and, except as so modified, the Agreement will continue in effect in accordance with its terms. This letter agreement shall constitute an agreement under seal.
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| The TJX Companies, Inc. | |
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| By: | /s/ Donald G. Campbell |
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I agree to the modifications described above | |
to the Employment Agreement dated as of | |
April 5, 2005 between me and The TJX | |
Companies, Inc., effective as of the date | |
set forth below: | |
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/s/ Arnold Barron |
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Arnold Barron | |
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Date: September 7, 2005 |