Document:

FOURTH AMENDMENT TO RIGHTS AGREEMENT

     THIS FOURTH AMENDMENT, dated as of April 25, 2000, by and

between PHILLIPS-VAN HEUSEN CORPORATION, a Delaware corporation

(the "Company"), and THE BANK OF NEW YORK, a New York banking

corporation (the "Rights Agent"), amends the Rights Agreement

(the "Rights Agreement"), dated as of June 10, 1986, as amended

March 31, 1987, July 30, 1987 and June 30 1992, between the

Company and the Rights Agent (as successor thereunder to The

Chase Manhattan Bank, N.A.).

                      W I T N E S S E T H :
                      - - - - - - - - - -

          WHEREAS, the Board of Directors of the Company has

authorized, subject to certain restrictions, the purchase by one

of its stockholders of additional shares that would otherwise

result in the stockholder becoming an "Acquiring Person" under

the Rights Agreement; and

          WHEREAS, it is desirous for the Rights Agreement be

amended to evidence such approval, as well as to evidence the

sale by the Phillips Family of their stockholdings and the

purchase by the Company of shares of Common Stock in a tender

offer made by the Company in 1986.

          NOW, THEREFORE, for good and valuable consideration,

the receipt and adequacy of which are hereby acknowledged, the

parties hereto hereby agree as follows:

     1.   Definitions.   Capitalized terms used herein and not

otherwise defined herein shall have the meanings ascribed thereto

in the Rights Agreement.

     2.   Amendment of Definitions.  Section 1 of the Rights Agreement

is hereby amended as follows:

          (a)  The definition of "Acquiring Person" set forth in Section

1(a) is deleted in its entirety and the following substituted in

lieu thereof :

               (a)  "Acquiring Person" shall mean any Person

          who or which, together with all Affiliates and

          Associates of such Person, shall be the Beneficial

          Owner of securities of the Company constituting a

          Substantial Block, but shall not include (i) any

          employee benefit plan of the Company, (ii) any

          members of the Lee Family, but only for so long as

          the aggregate number of shares of Common Stock of

          which the Lee Family is deemed to be the

          Beneficial Owner is less than or equal to 30% of

          the number of shares of Common Stock then

          outstanding or (iii) any Person who acquires a

          Substantial Block in connection with a transaction

          or series of transactions approved prior to such

          transaction or transactions by the Board of

          Directors.

          (b)  The definition of "Distribution Date" set forth in Section

1(g) is deleted in its entirety and the following substituted in

lieu thereof:

               (g)  "Distribution Date" shall mean the

          earlier to occur of (i) the tenth day after the

          Stock Acquisition Date or (ii) the tenth day after

          the first public announcement of the commencement

          of, or the intent of any Person (other than the

          Company) to commence, a tender or exchange offer,

          if upon consummation thereof, such Person would be

          the beneficial owner of 30% or more of the

          outstanding shares of Common Stock (including any

                                     2

          such date that is after the date of this Agreement

          and prior to the issuance of the Rights).

          (c)  The definition of "Phillips Family" in Section 1(k) is

deleted in its entirety and the definition of "Person" set forth

in Section 1(j) is re-designated as Section 1(k).

          (d)  A definition of "Lee Family" is hereby inserted as a new

Section 1(j), as follows:

               (j)  "Lee Family" shall mean (i) C.C. Lee,

          Richard Lee, Harry N.S. Lee and George Lee (ii)

          their respective spouses and descendants and the

          spouses of such descendants, (iii) any trust, the

          entire beneficial interest of which is, during the

          term of such trust, held by and for the benefit of

          one or more of the foregoing individuals; and

          (iv) any corporation or limited liability company,

          at least 85% of the beneficial ownership interest

          of which is, and at all times continues to be,

          held by and for the benefit of one or more of the

          foregoing individuals.

          (e)  The definition of "Substantial Block" set forth in Section

1(m) is deleted in its entirety and the following substituted in

lieu thereof:

               (m)  "Substantial Block" shall mean a number

          of shares of Common Stock that equals or exceeds

          20% of the number of shares of Common Stock then

          outstanding; provided, however, that in

          determining the number of shares of Common Stock

          outstanding at any time for such purpose, there

          shall be included all shares of Common Stock which

          have been purchased or otherwise acquired by the

          Company subsequent to March 2, 2000, whether such

                                  3

          shares are being held as treasury shares by the

          Company at such time or have been theretofore

          retired.  In determining the percentage of the

          outstanding shares of Common Stock with respect to

          which a Person is the Beneficial Owner, all shares

          to which such Person is the Beneficial Owner shall

          be deemed outstanding.

     3.   Miscellaneous.

          (a)  This Amendment shall be effective as of the date

hereof.

          (b)  This Amendment may be executed in one or more

counterparts, each of which shall be deemed an original and all

of which taken together shall constitute one and the same

instrument.

          IN WITNESS WHEREOF, the parties have caused this

Amendment to be duly executed as of the date first set forth

above.

                              PHILLIPS-VAN HEUSEN CORPORATION

                              By:  /s/ Mark D. Fischer
                                 Name:  Mark D. Fischer
                                 Title:    Vice President

                              THE BANK OF NEW YORK

                              By:  /s/ Diana M. Ajjan
                                 Name:  Diana M. Ajjan
                                 Title:    Vice President

                                    4Amendment No. 1 to the
                          Rights Agreement of PSC Inc.

         This  Amendment  No. 1,  dated as of June 5,  2000,  amends  the Rights
Agreement  dated as of December 30, 1997 (the "Rights  Agreement"),  between PSC
Inc.,  a New York  corporation  (the  "Company"),  and  ChaseMellon  Shareholder
Services,  L.L.C.,  as Rights Agent (the "Rights  Agent").  Terms defined in the
Rights Agreement and not otherwise defined herein are used herein as so defined.

                              W I T N E S S E T H:

         WHEREAS,  on December 30,  1997,  the Board of Directors of the Company
authorized  the issuance of Rights to purchase,  on the terms and subject to the
provisions of the Rights  Agreement,  shares of the Company's Series B Preferred
Shares;

         WHEREAS,  on December 30,  1997,  the Board of Directors of the Company
authorized  and declared a dividend  distribution  of one Right for every Common
Share of the Company  outstanding on the Record Date and authorized the issuance
of one Right  (subject  to certain  adjustments)  for each  Common  Share of the
Company issued between the Record Date and the Distribution Date;

         WHEREAS, the Distribution Date has not occurred; and

         WHEREAS,  pursuant to Section 27 of the Rights Agreement, the Board has
approved an amendment of certain provisions of the Rights Agreement as set forth
below;

         NOW, THEREFORE, the Rights Agreement is hereby amended as follows:

         1.       Section 1(a) is replaced in its entirety with the following:

                  "(a) "Acquiring Person" shall mean any Person (as such term is
         hereinafter  defined) who or which,  together with all  Affiliates  and
         Associates  (as such terms are  hereinafter  defined)  of such  Person,
         after the date hereof,  shall be the Beneficial  Owner (as such term is
         hereinafter defined) of 20% or more of the Common Shares of the Company
         then outstanding, but shall not include the Company, any Subsidiary (as
         such term is hereinafter  defined) of the Company, any employee benefit
         plan of the  Company  or any  Subsidiary  of the  Company,  any  entity
         holding Common Shares for or pursuant to the terms of any such plan, or
         an Exempt Person. Notwithstanding the foregoing, no Person shall become
         an "Acquiring Person" as the result of an acquisition of Common

<PAGE>

         Shares  by  the  Company  which,  by  reducing  the  number  of  shares
         outstanding,  increases the proportionate number of shares beneficially
         owned by such Person  together with all  Affiliates  and  Associates of
         such  Person to 20% or more of the Common  Shares of the  Company  then
         outstanding;  provided,  however,  that if a Person  shall  become  the
         Beneficial  Owner of 20% or more of the  Common  Shares of the  Company
         then outstanding by reason of share purchases by the Company and shall,
         after such share purchases by the Company,  become the Beneficial Owner
         of any additional Common Shares of the Company,  then such Person shall
         be deemed to be an "Acquiring  Person".  Notwithstanding the foregoing,
         if the Board of Directors of the Company  determines in good faith that
         a Person  who would  otherwise  be an  "Acquiring  Person",  as defined
         pursuant to the foregoing  provisions of this paragraph (a), has become
         such inadvertently,  and such Person divests as promptly as practicable
         a  sufficient  number of Common  Shares  so that such  Person  would no
         longer be an "Acquiring  Person," as defined  pursuant to the foregoing
         provisions of this  paragraph (a), then such Person shall not be deemed
         to be an  "Acquiring  Person"  for any purpose of this  Agreement.  For
         purposes of  determining  whether a Person is an "Acquiring  Person," a
         Person engaged in business as an underwriter of securities shall not be
         deemed an  Acquiring  Person as a result of such  Person  becoming  the
         "Beneficial  Owner" of any  securities  acquired  through such Person's
         participation  in good fath in a firm  commitment  underwriting  unless
         such  Person  is the  "Beneficial  Owner" of such  securities  upon the
         expiration of forty (40) days after the date of such  acquisition.  The
         determination  whether  any  Person  acted  in  "good  faith"  shall be
         conclusively determined by the Board of Director of the Company."

         2. Section 1(h) is replaced in its entirety with the following:

                  "(h)  "Distribution  Date"  shall mean the  earlier of (i) the
         Close  of  business  on  the  tenth   business  day  after  the  Shares
         Acquisition Date, as hereinafter defined (or, if the tenth business day
         after the Shares  Acquisition  Date occurs before the Record Date,  the
         Close of business on the Record Date), or (ii) the Close of business on
         the tenth  business day (or such later day as may be  determined by the
         Board of Directors) after the date of the commencement of, or the first
         public  announcement of the intent to commence (as determined  pursuant
         to Rule  14d-2(a)  of the  General  Rules  and  Regulations  under  the
         Exchange  Act in  effect  on the date of this  Agreement),  a tender or
         exchange offer by any Person (other than the Company, any Subsidiary of
         the Company,  any employee benefit plan of the Company or Subsidiary of
         the Company,  any entity  holding  Common Shares for or pursuant to the
         terms of any such Plan,  or any Exempt  Person),  if upon  consummation
         thereof,  such Person would be an Acquiring Person  (including any such
         date  which  is  after  the  date of this  Agreement  and  prior to the
         issuance of the Rights)."

<PAGE>

         3. A new definition is added after Section 1(i) and before Section 1(j)
as follows:

                  "(i')  "Exempt Person" shall mean:

                  Mohawk    Acquisition    Corp.,   a   New   York   corporation
                  ("Purchaser"),  and its  Affiliates  solely to the  extent any
                  such Person becomes the Beneficial Owner of 20% or more of the
                  shares  of  Common  Stock  then  outstanding  by reason of the
                  execution  of,  or  the   consummation  of  the   transactions
                  contemplated by, the Agreement and Plan of Merger, dated as of
                  June 5, 2000 (the "Merger Agreement"), by and among Purchaser,
                  Mohawk Corp. and the Company and the  Stockholders  Agreement,
                  dated  as of  June  5,  2000,  by and  between  Mohawk  Corp.,
                  Purchaser and certain  shareholders of the Company;  provided,
                  that  this  Section  1(i')  shall be of no  further  force and
                  effect at and after such time (if any) as the Merger Agreement
                  is terminated pursuant to Section 9.01 thereof."

         4.       Section  7(a) is  amended  by  deleting  the word "or"  before
                  "(iii)" and adding the following to the end of Section 7(a):

                  ", or (iv) the Effective Time as defined in the Merger Agree-
                  ment (defined in Section 1(i') above)."

         5.       Section 13 is amended by adding the following  language in the
                  first sentence after "(b) any Person":

                   ", other than an Exempt Person,"

         6.  Section 27 is amended  by adding  the  following  at the end of the
section:

                  "provided, however, that no change made by Amendment No. 1 to
                  the Rights Agreement may be amended unless the  Merger  Agree-
                  ment is terminated pursuant to Section 9.01 thereof."

         7.       The  Company  shall  promptly  provide  the Rights  Agent with
                  written notice of (i) termination of the Merger Agreement, and
                  (ii) the Effective Time.

             [The Remainder of the Page is Intentionally Left Blank]

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1
to the Rights  Agreement to be duly  executed as of the day and year first above
written.

                          PSC INC.

                          By: /s/ Robert C. Strandberg
                            Title: President and CEO

Attest:

By:  /s/ Elizabeth J. McDonald

                             CHASEMELLON SHAREHOLDER
                                SERVICES, L.L.C.

                            By: /s/ Robert Kavanaugh
                              Title: Vice President

Attest:

By:  /s/ Donald P. Messmer

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