EMPLOYMENT AGREEMENTEmployment Agreement • July 27th, 2007 • FGX International Holdings LTD • Ophthalmic goods • Rhode Island
This Employment Agreement (the “Agreement”) is entered into and shall be effective as of April 9, 2007, by and among FGX International Inc., a Delaware corporation with a mailing address of 500 George Washington Highway, Smithfield, Rhode Island 02917 (the “Company”), and Jeffrey J. Giguere, an individual with a residence in the State of Rhode Island (“Executive”).
June 6, 2005FGX International Holdings LTD • July 27th, 2007 • Ophthalmic goods
Reference is made to that certain Stock Purchase Agreement dated as of November 13, 1996 between BEC Group, Inc. and Foster Grant Group, L.P., Foster Grant Holdings, Inc. and Accessories Associates, Inc. (the “Original SPA”). Reference is further made to that certain Agreement of Amendment, Termination and Modification dated as of June 24, 1998 between Bolle, Inc. (“Bolle”), as assignee of BEC Group, Inc., and Foster Grant Group, L.P., Foster Grant Holdings, Inc. and AAi.FosterGrant, Inc. (“AAIFG”) (the Original SPA, as so modified, being the “SPA”). Pursuant to the SPA, Bolle agreed to indemnify Foster Grant Group, L.P., Foster Grant Holdings, Inc., The Bonneau Company and AAIFG for the Patent Infringement Litigation Liabilities (as defined below) (the “Indemnification Obligation”). For purposes of this Letter Agreement, Patent Infringement Litigation Liabilities shall mean any and all obligations and liabilities arising out of that certain action titled Magnivision, Inc. v. The Bonne
