Amendment No. 1 to Agreement between Mackey J. McDonald and VF Corporation

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment, dated December 12, 2006, modifies the original agreement between Mackey J. McDonald and VF Corporation from December 17, 2004. The main change is the removal of the Gross-Up Payment provision, which was previously included in Section 4(iii)(D) of the agreement. Both parties have agreed to and authorized this amendment, which is now legally binding.

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EX-10.BB 2 w30596exv10wbb.htm AMENDMENT NO. 1 TO AGREEMENT exv10wbb  

Exhibit 10.BB
AMENDMENT No. 1 TO AGREEMENT
THIS AMENDMENT No. 1, dated as of December 12, 2006, to the Agreement dated December 17, 2004 (the “Agreement”), between Mackey J. McDonald (the “Executive”) and VF Corporation (the “Corporation”). Any capitalized terms that are used, but not otherwise defined, in this Amendment shall have the meaning given to that term in the Agreement.
WHEREAS, the parties to the Agreement desire to amend the Agreement to eliminate the Gross-Up Payment set forth in Section 4(iii)(D) of the Agreement; and
WHEREAS, the parties hereto have duly authorized and approved this Amendment.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:
Section 4(iii)(D) regarding the payment of the “Gross-Up Payment” shall be deleted from the Agreement in its entirety.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.
                 
Witness:
          EXECUTIVE    
 
                
/s/ Candace S. Cummings
          /s/ Mackey J. McDonald    
 
               
Candace S. Cummings,
Secretary
                
 
                
Attest:
          VF CORPORATION    
 
                
/s/ Candace S. Cummings
      By:   /s/ Eric C. Wiseman    
 
               
Candace S. Cummings,
Secretary
          Eric C. Wiseman
President and Chief Operating Officer