Exhibit 10(i)

 

FIRST AMENDMENT TO
TRUST UNDER THE
HAGGAR CORP. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 

This First Amendment to Trust Under the Haggar Corp. Supplemental Executive
Retirement Plan (this “Amendment”) is entered into this 14 day of February, 2003
(the “Effective Date”), by and between Haggar Clothing Co., a Nevada
corporation, having its principal place of business in Dallas, Texas
(“Corporation”), and David Tehle (“Trustee”).  Capitalized terms used herein,
but not otherwise defined, shall have the same meaning assigned to them in the
Trust Agreement (as defined below).

 

RECITALS

 

A.            Corporation and Trustee entered into that certain Trust Under the
Haggar Corp. Supplemental Executive Retirement Plan, dated as of October 1, 1999
(the “Trust Agreement”);  and

 

B.            Pursuant to Section 12(a) of the Trust Agreement, the parties
desire to amend the terms of the Trust Agreement as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the premises and agreements herein contained
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:

 

1.             Amendment to Section 13(d).  Section 13(d)(1) of the Trust
Agreement is hereby amended as follows:

 

(a)           Clause (i) is deleted in its entirety and replaced with the
following:

 

“(i) a merger or consolidation of Haggar Corp. or the Corporation with or into
another entity, or the exchange of securities (other than a merger or
consolidation) by the holders of the voting securities of Haggar Corp. or the
Corporation and the holders of voting securities of any other entity, in which
the shareholders of Haggar Corp. or the Corporation immediately before the
transaction do not own 50% or more of the combined voting power of the voting
securities of the surviving entity or its parent immediately after the
transaction,”

 

(b)                                 The phrase “of two (2) consecutive years” is
deleted from clause (v).

 

2.             Effect.  Except as amended by this Amendment, all of the
provisions of the Trust Agreement are hereby affirmed, ratified and declared to
be in full force and effect.

 

3.             Counterparts.  This Amendment may be executed in multiple
counterparts, each of which shall be deemed an original and together shall
constitute one and the same Amendment.

 

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4.             Governing Law.  This Amendment shall be governed by and construed
in accordance with the laws of Texas.

 

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IN WITNESS WHEREOF, this Amendment has been entered into as of the date and year
first above written.

 

 

 

HAGGAR:

 

 

 

 

 

HAGGAR CLOTHING CO.,

 

 

a Nevada corporation

 

 

 

 

 

 

 

 

/s/  David Tehle

 

 

Name:  David Tehle

 

 

Title:  Executive Vice President

 

 

and Chief Financial Officer

 

 

 

 

 

TRUSTEE:

 

 

 

 

 

 

 

 

/s/  David Tehle

 

David Tehle

 

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