AMENDMENT NUMBER FIVE TO THE SEPARATION, GENERAL RELEASE AND NON-COMPETE AGREEMENTNon-Compete Agreement • July 29th, 2020 • Superior Group of Companies, Inc. • Apparel & other finishd prods of fabrics & similar matl
This Amendment Number Five (the “Fifth Amendment”), by and between Superior Group of Companies, Inc., with its principal offices at 10055 Seminole Boulevard, Seminole, Florida 33772 (“Superior” or the “Company”), and Gerald M. Benstock (“Benstock”), is made as of November 2, 2019 (the “Fourth Amendment Effective Date”). Superior and Benstock may hereinafter each be referred to as a “Party,” or collectively as the “Parties.”
BAMKO, LLC (f/k/a Prime Acquisition I, LLC) 11620 Wilshire Boulevard, Suite 360 Los Angeles, CA 90025 April 1, 2020Employment Agreement • July 29th, 2020 • Superior Group of Companies, Inc. • Apparel & other finishd prods of fabrics & similar matl
This Letter confirms the agreement between you and the Company that the Employment Agreement is amended to reduce your base salary payable thereunder. In furtherance of the foregoing and for good and valuable consideration the receipt of which is hereby acknowledged, effective as of the date of this Letter, Section 4.1 of the Employment Agreement is hereby amended to reduce your current base salary payable under the Employment Agreement to $120,000.00 per annum, payable in accordance with the Company’s customary payroll practices (the “Base Salary Reduction”) and all references to base salary in the Employment Agreement shall mean such amount. Any subsequent revisions, revocations or modifications to the Base Salary Reduction shall be only as you and the Company may agree in writing after the date of this Letter, provided that the Company agrees to in good faith re-evaluate the Base Salary Reduction promptly following the one-year anniversary of the effective date of this Letter.
EMPLOYMENT AGREEMENTEmployment Agreement • July 29th, 2020 • Superior Group of Companies, Inc. • Apparel & other finishd prods of fabrics & similar matl • Delaware
This EMPLOYMENT AGREEMENT (the “Agreement”) is effective as of March 8, 2016 (the “Effective Date”) by and between PRIME ACQUISITION I, LLC, a Delaware limited liability company (the “Company”), and PHILIP KOOSED (“Employee”). Employee and the Company are each referred to herein as a “Party” and collectively as the “Parties.”
