Exhibit 10.5

PHILLIPS-VAN HEUSEN CORPORATION



SCHEDULE OF NON-MANAGEMENT DIRECTORS FEES



EFFECTIVE JUNE 25, 2009





BOARD



|Annual retainer                       | $40,000  |                                                                                                                                                                                                                                                                        
|------------------------------------- | -------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Meeting fee                           | $2,000   | If attended in person
Plus expenses                                                                                                                                                                                                                                    
|                                      | $1,000   | If telephonic or director participates by phone                                                                                                                                                                                                                        
|Equity Award  Restricted Stock Units | $100,000 | This award is targeted to equal the number of restricted stock units with a value of approximately $100,000 as of the date of grant and with rounding to a number of restricted stock units that is divisible by four (to reflect the four vesting dates of the award).
|Presiding director fee                | $15,000  |                                                                                                                                                                                                                                                                        





AUDIT COMMITTEE



|Fee to chair | $10,000 |                                                
|------------ | ------- | -----------------------------------------------
|Meeting fee  | $2,500  | If attended in person
Plus expenses            
|             | $1,250  | If telephonic or director participates by phone





COMPENSATION COMMITTEE



|Fee to chair | $5,000 |                                                
|------------ | ------ | -----------------------------------------------
|Meeting fee  | $1,500 | If attended in person
Plus expenses            
|             | $750   | If telephonic or director participates by phone





NOMINATING & GOVERNANCE COMMITTEE



|Fee to chair | $5,000 |                                                
|------------ | ------ | -----------------------------------------------
|Meeting fee  | $1,500 | If attended in person
Plus expenses            
|             | $750   | If telephonic or director participates by phone





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CORPORATE SOCIAL RESPONSIBILITY COMMITTEE



|Fee to chair | $5,000 |                                                
|------------ | ------ | -----------------------------------------------
|Meeting fee  | $1,500 | If attended in person
Plus expenses            
|             | $750   | If telephonic or director participates by phone