Exhibit 10.1


 


AMENDMENT TO

SENIOR EXECUTIVE EMPLOYMENT AGREEMENT


 


THIS AMENDMENT TO SENIOR
EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is made as of February 28,
2008, by and between Deckers Outdoor Corporation, a Delaware corporation (the “Company”),
and
                
(the “Executive”) and is effective as of January 1, 2008.


 


RECITALS


 


WHEREAS, the Company and
Executive are parties to that certain Senior Executive Employment Agreement
dated as 

of
                              
(the “Agreement”); and


 


WHEREAS, the Company and
Executive have agreed to enter into this Amendment to amend the Agreement on
the terms and conditions set forth herein.


 


AGREEMENT


 


NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth herein, the parties
hereto agree that the Agreement shall be amended as follows:


 


1.             Section 1.3.  Section 1.3 shall be amended and
restated to read, in its entirety, as follows:


 


“1.3         TERM. The term of the Executive’s employment under this Agreement will commence on the effective date of this Agreement as first written above and will continue, unless sooner terminated, until December 31, 2009. Employment of the Executive is at will and will continue until such time as written notice of termination is given by the Company or written notice is given by the Executive.”
 


2.             Section 2.1.  Section 2.1 shall be amended and
restated to read, in its entirety, as follows:


 


“2.1         BASE SALARY. Effective as of January 1,
2008, the Company will pay to the Executive an annual base salary of
                                            
Dollars
($                  )
to be paid in equal installments in accordance with the Company’s general
payment policies in effect during the term hereof (the “Base Salary”).
Executive’s annual base salary may be reviewed prior to December 31, 2008
and appropriate increases to salary implemented. If Executive’s annual base
salary is not revised effective January 1, 2009, then Executive’s then
existing salary will continue on a monthly basis until changed. This provision
does not alter the at-will nature of Executive’s employment or the provisions
of Articles III and IV below.”


 


3.             Section 4.3.  Subsection (f) or Section 4.3 shall
be amended and restated to read, in its entirety, as follows:


 


“(f)          pay the Executive severance,
commencing on the thirtieth (30th) day following the termination
date, of twelve (12) monthly payments equal to  one-twelfth (1/12th) of the
Executive’s Annual Base Salary in effect immediately prior to the time such
termination occurs.  Severance will be
mitigated on a dollar for dollar basis for any income received by Executive for
duties performed for Company or any third party during the twelve (12) months
following termination.  The severance
payment required under this subsection shall be conditioned upon the Executive
confirming the release in Section 5.2 hereof; and”


 

















 


4.             No Other Changes.  Except as expressly modified by this
Amendment, all terms of the Agreement shall remain in full force and effect.


 


5.             Counterparts.  This Amendment may be executed in any number
of counterparts, each of which when so executed and delivered will be deemed an
original and all of which together shall constitute one and the same
instrument.


 


IN
WITNESS WHEREOF, the parties have executed this Amendment to Senior Executive
Employment Agreement as of the date first above written.


	
   

  	
   

  	
   

  
	
   

  	
  THE COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  DECKERS OUTDOOR
  CORPORATION

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Its:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
   

  	
   

  



 


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