Exhibit 10.52
[WESTPOINT XXXXXXX INC. LOGO] WESTPOINT XXXXXXX INC.
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DATE: March 20, 2003
FROM: Xxxxxxxx Green
TO: Xxxx Xxxxxxxx
SUBJECT: Amendment of Employment Agreement
This will confirm the actions taken by the Compensation Committee on February
13, 2003, to amend your employment agreement by deleting paragraph number 4 and
revising section 5(g) to read in its entirety as follows:
(g) Housing and Travel Expenses. Commencing on the Effective
Date, the Company shall reimburse the Executive's reasonable expenses
for lodging in New York, New York, and for travel between New York, New
York, and Charlotte, North Carolina. The Company shall also reimburse
Executive for such additional amounts, if any, as may be necessary to
provide Executive, on an after-tax basis, with sufficient funds to
discharge any federal, state or local income taxes imposed on such
housing and travel reimbursements.
Please indicate your acceptance of these arrangements by signing the duplicate
of this letter and returning to Xxxxx Xxxxxx.
/s/ X. X. Xxxxx, Xx.
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Xxxxxxxx X. Xxxxx, Xx.
I hereby accept the extension as indicated above this 10th day of March 2003.
/s/ X. X. Xxxxxxxx
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M. L. "Chip" Xxxxxxxx
