Common use of Position; Term Clause in Contracts

Position; Term. During the Term, the Executive shall be employed by the Company as Senior Vice President, General Counsel and Corporate Secretary, reporting directly to the Company’s Chief Executive Officer, and shall perform such duties and responsibilities as determined by the Company’s Chief Executive Officer consistent with such positions. The Executive shall devote the Executive’s full business time and attention to the satisfactory performance of such duties. Anything herein to the contrary notwithstanding, nothing shall preclude the Executive from (i) subject to reasonable approval of the Board, serving on the boards of directors of trade associations and/or charitable organizations or other business corporations (provided such service is not prohibited under Section 7(a)(i) below), (ii) engaging in charitable activities and community affairs and (iii) managing his personal investments and affairs, provided that the activities described in the preceding clauses (i) through (iii) do not materially interfere with the proper performance of his duties and responsibilities hereunder. The Executive agrees to commence employment with the Company no later than September 2, 2008 (the “Commencement Date”). The term of the Executive’s employment hereunder shall begin on the Commencement Date and end at the close of business on the second anniversary of such date; provided, however, that the Term shall thereafter be automatically extended for additional one-year periods, unless either the Company or the Executive gives the other written notice at least 120 days prior to the then-scheduled expiration of the Term that such Party is electing not to so extend the Term (the initial term plus any extension thereof in accordance herewith being referred to herein as the “Term”). Notwithstanding the foregoing, the Term shall end on the date on which the Executive’s employment is terminated by either Party in accordance with the provisions herein.

Position; Term. During the Term, the Executive shall be employed by the Company as Senior Vice Group President, General Counsel Intimate Apparel and Corporate Secretary, reporting directly to the Company’s Chief Executive Officer, Swimwear and shall perform such duties and responsibilities as determined by the Company’s Chief Operating Officer or such other executive officer position which the Executive Officer reports to, in all cases consistent with such positionsposition. The Executive shall devote the Executive’s her full business time and attention to the satisfactory performance of such duties. Anything herein to the contrary notwithstanding, nothing shall preclude the Executive from (i) subject to reasonable approval of the Board, serving on the boards of directors of trade associations and/or charitable organizations or other business corporations (provided such service is not prohibited under Section 7(a)(i) below), (ii) engaging in charitable activities and community affairs and (iii) managing his her personal investments and affairs, provided that the activities described in the preceding clauses (i) through (iii) do not materially interfere with the proper performance of his the Executive’s duties and responsibilities hereunder. The Executive agrees to commence employment with the Company no later than September 2, 2008 (the “Commencement Date”). The term of the Executive’s employment hereunder shall begin on January 1, 2011 (the “Commencement Date Date”) and end at the close of business on the second anniversary of such dateDecember 31, 2012; provided, however, that the Term shall thereafter be automatically extended for additional one-year periods, unless either the Company or the Executive gives the other written notice at least 120 days prior to the then-scheduled expiration of the Term that such Party is electing not to so extend the Term (the initial term plus any extension thereof in accordance herewith being referred to herein as the “Term”). Notwithstanding the foregoing, the Term shall end on the date on which the Executive’s employment is terminated by either Party in accordance with the provisions herein.