Document:

3rd Amend / Marie St. John Gray

 Exhibit 10.46 
  
 THIRD AMENDMENT 
 TO 
 AMENDED AND
RESTATED EMPLOYMENT AGREEMENT 
  
 This Third Amendment to Amended and Restated Employment Agreement (this
“Third Amendment”), dated January 9, 2003, is entered into by and between St. John Knits, Inc., a California corporation (“Company”), and Marie St. John Gray, an individual (“Executive”), and amends terms of that
certain Amended and Restated Employment Agreement, dated as of July 14, 1998, as amended, between the Company and Executive (the “1998 Agreement”). In consideration of the mutual covenants and agreement set forth herein, the parties hereto
agree as follows (all capitalized terms not defined herein shall have the meanings set forth in the 1998 Agreement). 
  
 1. Section IV.1(b)(vi) of the 1998 Agreement shall be deleted in its entirety. 
  
 2. Section IV.5(e)
of the 1998 Agreement shall be amended to delete the language “or 4.1(b)(vi)”. 
  
 3. Section IV.5(f) of
the 1998 Agreement shall be deleted in its entirety. 
  
 4. Section V.1 shall be amended to replace the notice
information for David Krinsky, Esq. with the following: 
  
 “Mr. Jim Kelley 
 Vestar Capital Partners 
 1225 17th Street, Suite 1660 
 Denver, Colorado 80202” 
  
 5. All other provisions contained in Article V of the 1998 Agreement
are incorporated into this Third Amendment by this reference. 
  
 6. All other terms and conditions of the 1998
Agreement, as amended, shall remain the same. 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written. 
  
 
	 “Company”
 
	 
	 St. John Knits, Inc.,
 a California corporation
 
	 
	 By:
 	 	 /s/    Roger Ruppert        
 

	  	 	 Roger Ruppert
 Executive Vice President and
 Chief Financial Officer
 

 
  
 
	 “Executive”
 
	 
	 /s/    Marie St. John Gray        

	 Marie St. John Gray
 

 
  
 
	 
	 Approved as to Content:
  
 
	 
	 
Jim Kelley
 Chairman of the Board
 

 

 
 22nd Amend / Kelly A. Gray

 Exhibit 10.47 
  
 SECOND AMENDMENT 
 TO 
 AMENDED AND
RESTATED EMPLOYMENT AGREEMENT 
  
 This Second Amendment to Amended and Restated Employment Agreement (this
“Second Amendment”), dated September 24, 2002, is entered into by and between St. John Knits, Inc., a California corporation (“Company”), and Kelly A. Gray, an individual (“Executive”), and amends terms of that certain
Amended and Restated Employment Agreement, dated as of July 14, 1998, as amended, between the Company and Executive (the “1998 Agreement”). In consideration of the mutual covenants and agreement set forth herein, the parties hereto agree
as follows (all capitalized terms not defined herein shall have the meanings set forth in the 1998 Agreement). 
  
 1.
Section II.1 of the 1998 Agreement shall be amended to reflect an increase in the Base Salary from $500,000 to $650,000, effective as of November 5, 2001. 
  
 2. Section II.6 of the 1998 Agreement shall be amended to reflect an increase in the Modeling Fee from $400,000 to $500,000, effective as of July 29, 2002. 
  
 3. Section IV.5(e) of the 1998 Agreement shall be amended to reflect that twice Executive’s Base Salary shall be equal to $1,300,000.

  
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written. 

 
 
	 “Company”
  
 St. John Knits,
Inc.,
 a California corporation
 
	 
	 By:
 	 	 /s/    Bob Gray        
 

	  	 	 Bob Gray
 Chief Executive Officer
 

 
  
  
 
	 “Executive”
 
	 
	 /s/    Kelly A. Gray         
 

	 Kelly A. Gray3rd Amend / Kelly A. Gray

 Exhibit 10.48 
  
 THIRD AMENDMENT TO 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
  
 This Third Amendment to Amended and Restated Employment Agreement (this “Third Amendment”), dated January 9, 2003 and effective as of November 3, 2002 (the
“Effective Date”), is entered into by and between St. John Knits, Inc., a California corporation (“Company”), and Kelly A. Gray, an individual (“Executive”), and amends terms of that certain Amended and Restated
Employment Agreement, dated as of July 14, 1998, as amended, between the Company and Executive (the “1998 Agreement”). In consideration of the mutual covenants and agreement set forth herein, the parties hereto agree as follows (all
capitalized terms not defined herein shall have the meanings set forth in the 1998 Agreement). 
  
 1. Section I.1 of
the 1998 Agreement shall be amended to delete the words “President” and replace it with “Co-Chief Executive Officer, Co-President and Creative Director”; provided, however, that elimination of the titles Co-President and/or
Creative Director shall not be deemed a material change in Executive’s title under Section IV.1(b)(ii). 
  
 2.
Section II.1 of the 1998 Agreement shall be amended to reflect an increase in the Base Salary from $650,000 to $750,000, as of the Effective Date. 
  
 3. Section IV.1(b)(ii) of the 1998 Agreement shall be deleted in its entirety and replaced with the following: 
  
          “(ii) a substantial alteration in the nature, status or prestige of Executive’s responsibilities or a change in Executive’s title or
reporting level from that set forth in this Agreement; provided, however, that after at Change in Control (as defined hereinafter), a change in Executive’s title or reporting level shall not be deemed Good Reason so long as Executive maintains
substantially the same duties as Executive had prior to the Change in Control;” 
  
 4. Section IV.1(b)(vi) of
the 1998 Agreement shall be deleted in its entirety. 
  
 5. Section IV.5(e) of the 1998 Agreement shall be amended to
delete the language “or 4.1(b)(vi)” and to change the reference to “1,300,000” to “1,500,000”. 
  
 6. Section IV.5(f) of the 1998 Agreement shall be deleted in its entirety. 
  
 7. Section V.1 shall
be amended to replace the notice information for David Krinsky, Esq. with the following: 
  
     “Mr. Jim Kelley 
     Vestar Capital Partners 
     1225 17th Street, Suite 1660 
     Denver, Colorado 80202” 
  

8. All other provisions contained in Article V of the 1998 Agreement are 

  
 incorporated into this Third Amendment by this reference. 
  
 9. All other terms and conditions of the 1998 Agreement, as amended, shall remain the same. 
  
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written. 
  
  
 
	 “Company”
  
 St. John Knits,
Inc.,
 a California corporation
 
	 
	 By:
 	 	 /s/    Roger Rupper        
 

	  	 	 Roger Ruppert
 Executive Vice President and Chief Financial Officer
 

 
  
 
	 “Executive”
 
	 
	 /s/    Kelly A.
Gray        
 

	 Kelly A. Gray
 

 
  
 Approved as to Content: 
  
 
	 
	 /s/    Jim Kelley        
 

	 Jim Kelley
 Chairman of the Board2nd Amend / Bruce Fetter

 Exhibit 10.49 
  
 SECOND AMENDMENT 
 TO 
 EMPLOYMENT
AGREEMENT 
  
 This Second Amendment to Employment Agreement (this “Amendment”), dated January 9, 2003
and effective as of November 4, 2002 (the “Effective Date”), is entered into by and between St. John Knits, Inc., a California corporation (“Company”), and Bruce Fetter, an individual (“Executive”), and amends terms of
that certain Employment Agreement, dated as of January 1, 2001, as amended, between the Company and Executive (the “Agreement”). In consideration of the mutual covenants and agreement set forth herein, the parties hereto agree as follows
(all capitalized terms not defined herein shall have the meanings set forth in the Agreement). 
  
 1. Section 1.1 of
the Agreement shall be amended to delete the words “Co-President and Chief Operating Officer” and replace it with “Co-Chief Executive Officer, Co-President and Chief Operating Officer”; provided, however, that elimination of the
titles Co-President and/or Chief Operating Officer shall not be deemed a material change in Executive’s title under Section 4.1(b)(ii). 
  
 2. Section 1.2 of the Agreement shall be amended so that the term of the Agreement is extended and will now terminate as of December 31, 2004. 
  
 3. Section 2.1 of the Agreement shall be amended to reflect an increase in the Base Salary from $650,000 to $750,000. 
  

4. Section 4.1(b)(ii) of the Agreement shall be deleted in its entirety and replaced with the following: 
  
 “(ii) a material alteration in the nature of Executive’s responsibilities or a material change in Executive’s title or reporting level from
those that exist as of the date of this Agreement, or any amendment hereto wherein such responsibilities, title or reporting level are changed; provided, however, that after at Change in Control (as defined hereinafter), a change in Executive’s
title or reporting level shall not be deemed Good Reason so long as Executive maintains substantially the same duties as Executive had prior to the Change in Control;” 
  
 5. Section 4.5(b) shall be deleted and replaced with the following: 
  
 “Except as set forth below, if Executive’s employment is terminated by the Company without Cause, or Executive terminates this Agreement for Good Reason, or this Agreement expires on December
31, 2004 without the Company renewing or extending the term for another year, then the Company shall provide Executive: 
  
 (i) salary continuation in an amount equal to Executive’s Base Salary for a period equal to twelve (12) months, said sum to be paid semi-monthly in equal 

 
 1 

 installments at the times salary payments are usually made; and 
  

(ii) health insurance coverage as then in effect for Executive, his or her spouse and dependent children for a period equal to twelve (12) months,
subject to any employee contribution provisions as defined in the Company Benefit Plans. Subsequent health insurance benefits will be in accordance with COBRA.” 
  
 6. The first sentence of the full paragraph following Section 4.5(b)(ii) shall be deleted and replaced with the following: 
  
 “The above periods of salary and health insurance coverage continuation shall be extended up to a total of eighteen
(18) months, but only in the event (a) Executive is terminated by the Company without Cause, (b) Executive terminates this Agreement for Good Reason within twelve (12) months of a Change in Control or (c) if less than twelve (12) months after a
Change in Control this Agreement expires without the Company renewing or extending the term for another year.” 
  
 7. Section 5.1 shall be amended to replace the notice information for David Krinsky, Esq. with the following: 
  
 “Mr. Jim Kelley 
 Vestar Capital Partners 
 1225 17th
Street, Suite 1660 
 Denver, Colorado 80202” 
  
 7. All the provisions contained in Article 5 of the Agreement are incorporated into this Amendment by this reference. 
  
 8. All other terms and conditions of the Agreement shall remain the same. 

 
 2 

  
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first
above written. 
  
 
	 “Company”
  
 St. John Knits,
Inc.,
 a California corporation
 
	 
	 By:
 	 	 /s/    Roger Ruppert        
 

	  	 	 Roger Ruppert
 Executive Vice President and
 Chief Financial Officer
 

 
  
 
	 “Executive”
 
	 
	 /s/    Bruce Fetter        
 

	 Bruce Fetter
 

 
  
 Approved as to Content: 
  
 
	 
	 /s/    Jim Kelley        
 

	 Jim Kelley
 Chairman of the Board
 

 
  

 
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