Document:

Non-Competition and Confidentiality Agreement

 EXHIBIT 10.18 
  
 TOMMY HILFIGER 
  

		
	 To:
	  	 Joel Horowitz

		
	 From:
	  	 Joseph Scirocco

		
	 Re:
	  	 Non-Competition and Confidentiality Agreement

		
	 Date:
	  	 October 31, 2002

  
 I acknowledge that in
connection with my employment with Tommy Hilfiger U.S.A., Inc. and/or one or more of its parent, subsidiary, and affiliated corporations (collectively, the “Company”), I have received and will receive, confidential and proprietary
information and trade secrets concerning the Company and its business. In order to protect the Company’s business interests, I understand the need for the Company to maintain the confidentiality of its confidential information and to require
the non-compete and no hire restrictions contained in this agreement. 
  
 Accordingly, I agree to the Non-Competition, No-Hiring, Confidentiality, and Breach and Modification Provisions set forth below, in consideration of the Company (1) granting me an option under the Tommy Hilfiger Corporation 2001 Stock
Incentive Plan (as the same may be amended or superseded from time to time, the “Plan”) to purchase 50,000 ordinary shares of Tommy Hilfiger Corporation at a per share exercise price equal to the fair market value of such shares on the
date of grant (which such grant will vest in installments of 25%, 25% and 50% respectively on each of the first three anniversaries of the date of grant and will be subject to the terms and conditions set forth below, in the Plan and any applicable
stock option agreement); (2) accelerating to the date hereof the last vesting date of the options under the Tommy Hilfiger U.S.A., Inc. 1992 Stock Incentive Plan granted to me on February 25, 2000; and (3) provided I execute a separation agreement
and release satisfactory to the Company, and provided that the termination of my employment with the Company is not due to death, disability, “Cause” (as that term is defined below), or voluntary resignation without “Good Reason”
(as that term is defined below), agreeing to (a) continue my then current annual base salary for one year following such termination which payments shall be offset by any compensation and benefits I am entitled to receive during the one year period
from other employment (including self-employment) and (b) accelerate the vesting of all outstanding options previously granted to me (including, without limitation, those described in item 1 above) which are not vested as of the date of termination
and allow me to exercise such options in the appropriate window periods applicable to the 
  
 Tommy Hilfiger U.S.A., Inc. 
 25 West 39th Street New York, NY 10018 
 phone 212 840 8888 

 
Company’s then active employees which occur during the salary continuation period, I agree as follows: 
  
 Cause. I agree that, except as provided below, for purposes of this
Agreement, “Cause” means the occurrence of any of the following events: (i) the commission by me of a fraud against the Company or a conviction for aiding or abetting, or the commission of, a felony or of a fraud or a crime involving moral
turpitude or a business crime; (ii) the possession or use by me of illegal drugs or prohibited substances, the excessive drinking of alcoholic beverages on a recurring basis which impairs my ability to perform my duties, or the appearance during
hours of employment on a recurring basis of being under the influence of such drugs, substances or alcohol; or (iii) my gross negligence or material violation of Company policy which has a material adverse effect on the Company or its reputation.

  
 Non-Competition Clause. I agree that during the period
of my employment with, and for one year after leaving the employ of the Company, I will not engage in, or carry on, directly or indirectly, either for myself or as an officer or director of a corporation or as an employee, agent, associate, or
consultant of any person, partnership, business or corporation, any business in competition with the business carried on by the Company and its subsidiaries, divisions and affiliates in any jurisdiction in which the Company or its subsidiaries,
divisions or affiliates actively conduct business; provided, however, that if the Company elects to enforce this provision and I am not otherwise receiving severance pay from the Company, the Company shall pay me during the one year period (in
accordance with the Company’s then current payroll practices) at the rate of my base salary as of the date of my termination. If the Company and I mutually agree not to continue my base salary at any time during the one-year period, this
non-competition provision shall not thereafter be enforceable. The Company agrees that the provisions of this paragraph shall not apply if my employment is terminated by the Company for any reason other than Cause (as that term is defined above).

  
 No Hiring. I agree that during the two-year period
immediately following the termination of my employment with the Company, I shall not directly employ or retain (or participate in or arrange for the employment or retention of) any person who was employed or retained by the Company or any of its
parents, subsidiaries, affiliates and divisions within the six-month period immediately preceding such employment or retention. The Company agrees that the provisions 

  

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of this paragraph shall not apply if my employment is terminated by the Company for any reason other than Cause (as that term is defined above). 

 
 Confidentiality Clause. I acknowledge that in the course of my
employment by the Company, I will receive and or be in possession of confidential information of the Company and other subsidiaries, divisions, and affiliates of the Company, including, but not limited to, information relating to the Company’s
financial affairs, business methods, strategic plans, marketing plans, product and styling development plans, pricing, products, vendors, suppliers, manufacturers, computer programs and software. I agree that I will not, without the prior written
consent of the Company, during the period of my employment or thereafter, disclose or make use of any such confidential information, except as may be required by law or in the course of my employment. I agree that all tangible materials containing
confidential information, whether created by me or others which shall come into my custody or possession during my employment shall be and is the exclusive property of the Company. Upon termination of my employment for any reason whatsoever, I shall
immediately surrender to the Company all confidential information and property of the Company in my possession. 
  
 Remedy for Breach and Modification. I acknowledge that the foregoing provisions are reasonable and necessary for the protection of the Company and
its parents, subsidiaries, affiliates and divisions, and that they will be materially and irrevocably damaged if these provisions are not specifically enforced. Accordingly, I agree that, in addition to any other relief or remedies available to the
Company and its parents, subsidiaries, affiliates and divisions, they shall be entitled to seek an appropriate injunctive or other equitable remedy for the purposes of restraining me from any actual or threatened breach of or otherwise enforcing
these provisions and no bond or security will be required in connection therewith. If any of the foregoing provisions are deemed invalid or unenforceable, such provision shall be deemed modified and limited to the extent necessary to make it valid
and enforceable. 
  
 Resignation or Termination for Cause.
I acknowledge that if I resign from my employment with the Company without “Good Reason” (as that term is defined below) or my employment with the Company is terminated by the Company for “cause” (as that term is defined in the
Plan), I shall no longer have the right to exercise any stock options under the Plan granted to me hereunder and after the date hereof which I have not exercised as of the date of my resignation or termination. I further understand that (1) the
preceding sentence shall apply 

  

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regardless of whether the options are “vested” under the Plan; and (2) all such options will terminate immediately as of such date. 
  
 Good Reason. I agree, that for purposes of this Agreement, “Good
Reason” shall mean the material reduction by the Company of my responsibilities or titles at the Company. 
  
 October 29, 1997 Letter. I agree that the provisions set forth in the seventh “bullet point” of the October 29, 1997 letter agreement
between me and the Company shall be superceded by this Agreement. 
  
 Change in Control. If (i) a “change in control” of the Company shall occur as that term is defined in section 8(j) of the Company’s $300 million dollar Credit Agreement dated as of June 28, 2002; and (ii) my employment
shall be terminated by the Company either in connection with such change in control or within six (6) months after the change in control, in addition to the severance payment provided for above, I shall be entitled to a lump sum payment equal to one
half of my then current annual base salary. 
  
 Applicable Law
and Venue. This Agreement shall be interpreted for all purposes under the laws of the State of New York, exclusive of its choice of laws principles, which are deemed inapplicable. I agree that any litigation arising out of, or related to, this
Agreement, or any breach thereof, shall be instituted in a court of competent jurisdiction in the State of New York, which shall have exclusive jurisdiction over such litigation as well as over any dispute regarding such venue. 
  

	 /s/    JOSEPH SCIROCCO
                            10-31-02

	 Joseph Scirocco
                                        
    Date

  

	
	 /s/    JOEL HOROWITZ

	 Joel Horowitz

  

 4Exhibit 4(b)(xiv)

 Exhibit (4)(b)(xiv) 
  

GE LIFE AND ANNUITY ASSURANCE COMPANY 
 GUARANTEE
ACCOUNT RIDER 
  
 This rider adds a Guarantee Account to your contract. You may allocate
Purchase Payments and/or transfer value to and from the Guarantee Account subject to the limitations below. 
  
 This rider is effective on the contract date. While this rider is in effect, your Account Value includes: 

	 	•	amounts allocated to the Separate Account; and 

	 	•	amounts allocated to the Guarantee Account. 

  
 The Guarantee Account 
  
 Amounts allocated to the Guarantee Account earn interest at the daily rate applicable to the particular allocation. With respect to each allocation, the applicable rate will remain in effect for a specified period (the interest
rate guarantee period). You may also make transfers or withdrawals from the Guarantee Account as described in the contract. 
  
 We reserve the right to limit amounts that may be allocated or transferred to the Guarantee Account. Amounts allocated to the Guarantee Account are held in, and are part of, our
General Account. The General Account consists of our assets other than those allocated to our Separate Accounts. Subject to statutory authority, we have sole discretion over the investment of the assets of the General Account. Those assets may be
chargeable with liabilities arising out of any business we may conduct. 
  
 Any Surrender
Value or Death Benefit under the Guarantee Account will not be less than required by the laws of your state. 
  
 Value in the Guarantee Account 
  
 The value in the Guarantee
Account is (a) plus (b) minus (c) minus (d), where: 

	 	(a)	is the sum of all amounts allocated to the Guarantee Account; 

	 	(b)	is any interest credited on those amounts; 

	 	(c)	is the sum of all amounts removed by transfer or surrender; and 

	 	(d)	is the sum of all amounts deducted for charges made under the contract and any riders that may apply. 

  
 You may allocate amounts to one or more of the interest rate guarantee periods available. At the end of each interest rate guarantee period, a new
interest rate guarantee period, with a renewal rate, will begin. Unless you choose otherwise, you will renew at the shortest renewal guarantee period that we make available at that time. We will notify you of the renewal interest rate and the new
interest rate guarantee period. We reserve the right to offer various interest rate guarantee periods. 
  
 Interest rates that apply to allocations to the Guarantee Account are determined by us at our sole discretion. The minimum guaranteed interest rate is shown on the contract data page. 
  
 Allocation of Charges 
  
 Deductions for any annual policy maintenance charge that may apply are taken first from your value in the Separate Account and then from your value in
the Guarantee Account. Any transfer charge that may apply is taken from the amount transferred. Surrender charges may apply to amounts withdrawn from the Guarantee Account. No deduction will occur if it would reduce the Surrender Value below any
minimum value that might be required by applicable state law. 
  

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 Transfers 
  
 You may transfer amounts between the Guarantee Account and the Separate Account. Transfers will be effective as of the end of the Valuation Period during which we receive your
request at our Home Office. 
  
 We reserve the right to impose the following restrictions on
transfers between the Guarantee Account and the Separate Account: 

	 	•	For each allocation to the Guarantee Account, transfers to the Separate Account may be made only during the 30-day period following the end of the allocation’s interest rate guarantee
period. We may limit the amount that you can transfer during that time, but the limit will not be less than a percentage of the original allocation, plus any accrued interest on that allocation. The percentage used to determine this limit will be
the lesser of (a) 100% and (b) 25% of the number of years in the interest rate guarantee period that just ended for that particular allocation; 

	 	•	No transfers from the Separate Account to the Guarantee Account may be made during the six month period following the transfer of any amount from the Guarantee Account to the Separate
Account; and 

	 	•	We may defer payment of any transfer from the Guarantee Account for up to six months. We will not defer payment if we are required by your state law to pay earlier. 

 
 We reserve the right to limit amounts that may be transferred to the Guarantee Account. 

 
 Surrender 
  
 This rider does not affect withdrawals except as follows: 

	 	•	You may specify whether a withdrawal should be taken from the Guarantee Account or the Separate Account. If you do not, the withdrawal will be deducted first from each Investment Option in
the Separate Account in the same proportion that your assets in that Investment Option bears to the total of your assets in all Investment Options on the Valuation Day we receive the request in our Home Office. If the amount of the withdrawal
exceeds your assets in the Separate Account, any remaining deductions will be made from the Guarantee Account. The amounts deducted from the Guarantee Account will be taken on a first-in, first-out basis. “First-in, first-out” means the
order in which Purchase Payments and transferred amounts were allocated to the Guarantee Account; and 

	 	•	We reserve the right to defer payment of any withdrawal or surrender from the Guarantee Account for up to six months. We will not defer payment if we are required by your state law to pay
earlier. We will not defer payment if the amount payable is used to pay Purchase Payments on a contract with us. 

  
 This rider is subject to the provisions of the contract. 
  
 For GE Life and Annuity Assurance Company, 
  
 [LOGO] 
  
 Pamela S. Schutz 
 President

  

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