Document:

Exhibit 10.1

    Exhibit
      10.1

    

    Jeffrey
      P. Baker - Terms and Conditions of Amendment

    to
      Employment Agreement

    

    
      	·  	
              Appointment
                to position of President and CEO effective January 2,
                2006.

            

    

    

    
      	·  	
              All
                terms and conditions of employment contract remain in place except
                that:
                i) the term will be amended to a five-year term beginning January
                2, 2006;
                ii) annual base salary will increase from $380,000 to $400,000; iii)
                annual target incentive will be up to 80% of annual base salary in
                effect
                on January 2, 2006; and iv) 100,000 options scheduled to be awarded
                June
                21, 2006 will be awarded January 2,
                2006.

            

    

    

    
      	·  	
              250,000-share
                restricted stock award from the Company’s on January 2, 2006 vesting over
                a five-year period as follows: i) Year 1 - 25,000; ii) Year 2 - 25,000;
                iii) Year 3 - 50,000; iv) Year 4 - 75,000; and v) Year 5 - 75,000.
                In the
                event that employment is terminated by the Company for convenience
                or
                performance or by Mr. Baker for Good Reason,1
                the restricted shares will vest. The vesting of this award, along
                with a
                similar provision in Mr. Baker’s current employment agreement related to
                the restricted shares granted to Mr. Baker at the commencement of
                employment, will be the only type of severance to which Mr. Baker
                would be
                entitled in the event of termination for convenience, performance
                or Good
                Reason.

            

    

    

    
      	·  	
              Performance
                will be reviewed on an annual basis and merit increases will be made
                as
                and if warranted based on the performance of the Company and other
                criteria established by the Compensation
                Committee.

            

    

    

    
      	·  	
              Continued
                participation in all benefit, change of control and SERP
                plans.

            

    

    

    

    

    

      

      
        1“Good
          Reason” in Mr. Baker’s employment agreement is generally defined as: i)
          substantial reduction in the nature or status of responsibilities; ii)
          reduction
          by the Company in base salary, except in the case where the Company reduces
          the
          base salaries of its senior executives generally, provided that such reduction
          shall not exceed the average percentage reduction of all senior executives;
          iii)
          the Company’s failure to comply with Section 3.3 (granting of long-term
          incentives (options and restricted stock)) of the employment agreement;
          and iv)
          intentional failure by Analysts to allow full participation in all plans,
          programs or benefits in accordance with the employment agreement. “Good Reason”
          is not deemed to occur unless an event has not been corrected by the Company
          within two weeks of receipt of notice from Mr.
          Baker.Exhibit 10.2

    Exhibit
      10.2

    

    Michael
      J. LaVelle - Terms and Conditions of 

    Retirement
      and Employee-Consulting Agreement

    

    
      	·  	
              On
                December 31, 2005, Mr. LaVelle will receive a lump sum distribution
                of
                approximately $1.4 million from the Company’s Special Executive Retirement
                Plan (the "Plan") as specified by the terms and conditions of the
                Plan.

            

    

    

    
      	·  	
              Mr.
                LaVelle will continue to serve as Chairman of the Board and receive
                compensation for such services as set by the Compensation Committee
                from
                time to time.

            

    

    

    
      	·  	
              Mr.
                LaVelle will provide services as an employee-consultant concerning
                management transition until June 30, 2006 for a minimum average of
                twenty
                (20) hours per week at a monthly gross salary of
                $16,675.

            

    

    

    
      	·  	
              Mr.
                LaVelle will maintain medical and dental insurance coverage for himself
                and his spouse in accordance with the Company’s Supplemental Medicare
                Coverage Plan and Supplemental Dental Coverage
                Plan.

            

    

    

    
      	·  	
              Prior
                to termination of employment, the Company will study and arrange
                for 2004
                restricted stock award to continue to vest as scheduled through 2007
                and
                for continuation of currently held stock options in $3-$5 strike
                price
                range while a member of the Board or until such options
                expire.

            

    

    

    
      	·  	
              Mr.
                LaVelle will continue to have use of company office space and a company
                car during his tenure as Chairman.Exhibit 10.3

    Exhibit
      10.3

    

    Executive
      Officers - Analysts International Corporation

    Base
      Compensation Levels

     

     

     

    
      	
              Executive Officer

               

               

            	
              2005
                Base Salary in effect prior to

              October
                1, 2005

            	
              Current
                Base Salary

               

               

            	
               Base
                Salary effective

              January
                2, 2006

               

            
	
              Jeffrey
                P. Baker - President and CEO

            	
              $380,000

            	
              $342,000

            	
              $400,0001

            
	John
              D. Bamberger - Chief Operating Officer	
              $380,000

            	
              $342,000

            	
              $380,000

            
	
              David
                J. Steichen - Chief Financial Officer

            	
              $210,000

            	
              $199,500

            	
              $210,000

            
	Colleen M. Davenport - Secretary &
              General Counsel	
              $210,000

            	
              $199,500

            	
              $210,000

            

    

     

     

     

    
      

    

    
      
        1
          Mr.
          Baker’s base compensation effective January 2, 2006 reflects his appointment
          as
          President and CEO.Member of the Firm

EXHIBIT 10.1

PHILLIPS-VAN HEUSEN CORPORATION LETTERHEAD

December 16, 2005

Dear Bruce:

This letter agreement sets forth our revised agreement relating to your retirement as an employee of Phillips-Van Heusen Corporation (the “Company”).  This letter agreement constitutes an amendment of the Employment Agreement, dated as of April 12, 2004, between you and the Company, as amended by the letter agreement, dated March 3, 2005, between the parties (together, the “Employment Agreement”).

In recognition of the rapid and seamless transition of leadership from you to Mark Weber and your efforts in this regard, your retirement date will be December 30, 2005 (the “Retirement Date”).  Notwithstanding the foregoing, for purposes of the Supplemental Defined Benefit Plan, you will receive an additional benefit equal to the difference between the present value (as of December 30, 2005) of your January 29, 2006 benefit and the value of the benefit on December 30, 2005, as adjusted (whether an increase or a decrease) to reflect the difference between the present value of your benefit under the Company’s qualified defined benefit plan as of January 29, 2006 and the present value of the benefit as of December 30, 2005.  In addition, as per our original agreement, for purposes of the March 3 letter agreement, the “Transition Period” will terminate on December 30, 2005, except that (i) your final payment of salary will include an amount equal to the portion of your salary that would otherwise have been payable for the period from the Retirement Date through and including the last day of the Company’s 2005 fiscal year and (ii) your annual incentive bonus under the Company’s Performance Incentive Bonus Plan and your long-term incentive award payment under the Company’s Long Term Incentive Plan for the performance cycle ending on the last day of the Company’s 2005 fiscal year will be determined as if your employment continued through and including the last day of the Company’s 2005 fiscal year and shall exclude the effect of the payments made to you upon your retirement.

This letter agreement also serves as confirmation that to the extent that you are entitled to or elected to receive payments upon retirement under the Company’s Supplemental Savings Plan, the Supplemental Defined Benefit Plan and your capital accumulation plan agreement, such amounts will be paid no later than December 31, 2005.  

You hereby acknowledge and agree that the acceleration of your retirement provided for herein is entirely voluntary.  As such, you hereby agree that, notwithstanding anything to the contrary contained in the Employment Agreement, or any other plan of the Company or its affiliates in which you participate or agreement between you and the Company or any of its affiliates, nothing provided for herein shall constitute “Good Reason,” or otherwise serve as the basis for a claim of breach or constructive termination, under the Employment Agreement or any such plan or agreement.  

Except as amended by this letter agreement, the Employment Agreement shall continue in full force and effect in accordance with its terms, except that references in the Employment Agreement to “this Agreement” or words of similar connotation shall mean the Employment Agreement, as amended hereby.

The Board has approved the entering into of this letter agreement.  

Please confirm by signing below that the above reflects our mutual understanding of the matters set forth herein.

Regards,

/s/ Henry Nasella

Henry Nasella

Chairman of the Compensation Committee

Agreed and acknowledged:

  /s/ Bruce J. Klatsky

Bruce J. Klatsky

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