Document:

<PAGE>
                                                                   Exhibit 10.66

                                                                  EXECUTION COPY
                                 THIRD AMENDMENT

         THIRD AMENDMENT, dated as of December 16, 2002 (this "Amendment"), to
the Amended and Restated Credit Agreement, dated as of May 23, 2002 (as amended,
supplemented or otherwise modified from time to time, the "Credit Agreement"),
among COLE VISION CORPORATION, a Delaware corporation ("Cole Vision"), THINGS
REMEMBERED, INC., a Delaware corporation ("Things Remembered"), and PEARLE,
INC., a Delaware corporation ("Pearle"; Cole Vision, Things Remembered, and
Pearle each being referred to as a "Borrower" and collectively as the
"Borrowers"), the several banks and other financial institutions from time to
time parties thereto (collectively, the "Lenders"), LEHMAN COMMERCIAL PAPER
INC., as syndication agent, WACHOVIA BANK, NATIONAL ASSOCIATION, as
documentation agent, and CANADIAN IMPERIAL BANK OF COMMERCE, a
Canadian-chartered bank acting through its New York Agency, as administrative
agent for the Lenders thereunder (in such capacity, the "Administrative Agent").

                              W I T N E S S E T H:

         WHEREAS, the Borrowers, the Lenders and the Administrative Agent are
parties to the Credit Agreement;

         WHEREAS, the Borrowers and the other Loan Parties have requested that
the Administrative Agent and the Lenders amend the Credit Agreement as set forth
herein; and

         WHEREAS, the Administrative Agent and the Lenders are willing to effect
such amendment, but only upon the terms and subject to the conditions set forth
herein;

         NOW, THEREFORE, in consideration of the premises and mutual agreements
contained herein, and for other good and valuable consideration, the sufficiency
of which is hereby acknowledged, the Borrowers, the other Loan Parties, the
Lenders and the Administrative Agent hereby agree as follows:

     1. Defined Terms. Unless otherwise defined herein, terms defined in the
Credit Agreement shall have such meanings when used herein.

     2. Amendments to Subsection 1.1.

         (a) The definition of "EBITDA" is hereby amended by deleting the phrase
"CNG and its Subsidiaries" and replacing it with the phrase "CNG, its
Subsidiaries and Newco".

         (b) The definition of "EBITDA" is hereby further amended by inserting
the following proviso at the end thereof:

                  ", provided that, in computing EBITDA for any period of four
         consecutive fiscal quarters which includes the fourth quarter of 2002
         but which does not in any event include any fiscal quarter after the
         third quarter of 2003, the Company shall be entitled to add back up to
         an amount not to exceed (x) $5,000,000 to reflect the effects of the
         change in accounting treatment that occurred in the fourth quarter of
         2002 for sales of certain optical product warranties and to reflect any
         other one-time non-recurring effects of the changes in accounting
         methods that occurred in the fourth quarter of 2002 as a result of the
         re-audit of the financial statements of the Borrowers and the
         Subsidiaries for prior fiscal years by Deloitte & Touche, which have
         replaced Arthur Anderson as the

<PAGE>

         Borrowers' auditors and (y) $2,000,000 to reflect the audit fees
         incurred in the fourth quarter of 2002 and the first quarter of 2003
         associated with the re-audit of prior period results".

         (c) The following definition of "Newco" is hereby inserted in
appropriate alphabetical order to read as follows:

         "Newco: Pearle Franchise Corporation, a Delaware corporation."

         (d) The definition of "Subsidiary" is hereby amended by inserting the
following proviso at the end of the second sentence thereof:

         ", provided that, with respect to the Borrowers, Newco shall not be
    considered a Subsidiary".

    3. Amendments to Subsection 8.5.

         (a) Subsection 8.5(b) is hereby amended by deleting the word "and" at
the end thereof.

         (b) Subsection 8.5(c) is hereby amended by deleting the period at the
end thereof and replacing it with a semicolon and the word "and".

         (c) A new Subsection 8.5(d) is hereby inserted to read as follows:

         "(d) Newco may be merged with or consolidated into Pearle Vision Inc.
     (provided that (i) Pearle Vision Inc. shall be the continuing or surviving
     corporation and (ii) after giving effect to such merger or consolidation,
     no Default or Event of Default shall be in existence)."

     4. Amendments to Subsection 8.9.

         (a) Subsection 8.9(h) is hereby amended by deleting the word "and" at
the end thereof.

         (b) Subsection 8.9(i) is hereby amended by relabelling it as Subsection
8.9(j).

         (c) A new Subsection 8.9(i) is hereby inserted to read as follows:

         "(i) a one-time cash capital contribution to Newco (and no other
     investments in or loans or advances to Newco) in an amount not to exceed
     $2,000,000, provided that prior to or contemporaneously with the making of
     such capital contribution all the requirements of subsection 7.10(a) with
     respect to Newco shall have been complied with and provided, further, that
     (i) the Borrowers shall not permit Newco to create, incur, assume or suffer
     to exist any Indebtedness, (ii) the Borrowers shall cause Newco to
     distribute to a Subsidiary by means of dividends any retained earnings in
     excess of $2,000,000 and (iii) the Borrowers shall not permit Newco to
     engage in any business other than the marketing and sale of franchises;
     and".

     5. Amendment to Subsection 8.10(x). Subsection 8.10(x) is hereby amended
by inserting the words "or Newco" after the words "or a Foreign Subsidiary".

<PAGE>

     6. Representations and Warranties. Each Borrower hereby confirms, reaffirms
and restates the representations and warranties made by it in Section 5 of the
Credit Agreement, provided that each reference to the Credit Agreement therein
shall be deemed to be a reference to the Credit Agreement after giving effect to
this Amendment. Each Borrower represents and warrants that, after giving effect
to this Amendment, no Default or Event of Default has occurred and is
continuing.

     7. Effectiveness. This Amendment shall be effective on the date upon which
(a) the Administrative Agent shall have received executed counterparts from each
of the Borrowers, the other Loan Parties, itself and the Majority Lenders and
(b) the Administrative Agent shall have received, on behalf of each Lender who
has executed this Amendment on or before December 20, 2002, an amendment fee
from the Parent Borrower in an amount equal to 0.10% of such Lender's Revolving
Credit Commitment.

     8. Continuing Effect of Credit Agreement. This Amendment shall not
constitute a waiver, amendment or modification of any other provision of the
Credit Agreement not expressly referred to herein and shall not be construed as
a waiver or consent to any further or future action on the part of the Borrowers
that would require a waiver or consent of the Lenders or the Administrative
Agent. Except as expressly amended or modified herein, the provisions of the
Credit Agreement are and shall remain in full force and effect.

     9. Counterparts. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts (including by
facsimile transmission), and all of said counterparts taken together shall be
deemed to constitute one and the same instrument. A set of the copies of this
Amendment signed by all the parties shall be lodged with the Borrowers and the
Administrative Agent.

     10. Payment of Expenses. The Borrowers agree, jointly and severally, to pay
or reimburse the Administrative Agent for all of its out-of-pocket costs and
expenses incurred in connection with the development, preparation and execution
of this Amendment and any other documents prepared in connection herewith, and
the consummation and administration of the transactions contemplated hereby,
including, without limitation, the reasonable fees and disbursements of counsel
to the Administrative Agent.

     11. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their proper and duly authorized officers as of
the day and year first above written.

                                   COLE VISION CORPORATION

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer & Asst. Secretary

                                   THINGS REMEMBERED, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer & Asst. Secretary

                                   PEARL, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                              Vice President, Treasurer &
                                               Asst. Secretary

                                   CANADIAN IMPERIAL BANK OF
                                    COMMERCE, NEW YORK AGENCY,
                                    as Administrative Agent

                                   By:
                                      -----------------------------------
                                      Title

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their proper and duly authorized
officers as of the day and year first above written.

                           COLE VISION CORPORATION

                           By:
                              ------------------------------
                              Title:

                           THINGS REMEMBERED, INC.

                           By:
                              ------------------------------
                              Title:

                           PEARLE, INC.

                           By:
                              ------------------------------
                              Title:

                           CANADIAN IMPERIAL BANK OF
                            COMMERCE, NEW YORK AGENCY,
                            as Administrative Agent

                           By: /s/ GERALD GIRARDI
                              ------------------------------
                              Title: GERALD GIRARDI
                                    EXECUTIVE DIRECTOR
                            CIBC WORLD MARKETS CORP., AS AGENT

<PAGE>

CIBC INC.

By: /s/ GERALD GIRARDI
   ------------------------------
   Title: GERALD GIRARDI
         EXECUTIVE DIRECTOR
 CIBC WORLD MARKETS CORP., AS AGENT

<PAGE>

LEHMAN COMMERCIAL PAPER INC.

By: /s/ Francis Charg
   ------------------------------
   Title: Francis Charg
        Authorized Signatory

<PAGE>

WACHOVIA BANK, NATIONAL ASSOCIATION

By: /s/ Thomas M. Harper
   ------------------------------
   Name: Thomas M. Harper
   Title:  Senior Vice President

<PAGE>

KEYBANK NATIONAL ASSOCIATION

By: /s/ Lawrence A. Mack
   ------------------------------
   Name: Lawrence A. Mack
   Title: Senior Vice President

<PAGE>

FIFTH THIRD BANK

By: /s/ James P. Byrnes
   ------------------------------
   Name: James P. Byrnes
   Title: V. P.

<PAGE>

                                   The undersigned Guarantors do hereby consent
                                   and agree to the foregoing Amendment:

                                   COLE NATIONAL CORPORATION

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Vice President & Treasurer

                                   COLE NATIONAL GROUP, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Vice President & Treasurer

                                   BAY CITIES OPTICAL COMPANY

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer & Asst. Secretary

                                   WESTERN STATES OPTICAL, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer & Asst. Secretary

                                   COLE VISION SERVICES, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer

                                   COLE LENS SUPPLY, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer & Asst. Secretary

<PAGE>

                                   THINGS REMEMBERED PERSONALIZED
                                   GIFTS, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer & Asst. Secretary

                                   PEARLE VISION, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Vice President, Treasurer &
                                                            Asst. Secretary

                                   AMERICAN VISION CENTERS, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Vice President, Treasurer &
                                                            Asst. Secretary

                                   NUVISION, INC.

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Vice President, Treasurer &
                                                            Asst. Secretary

                                   COLE VISION LPA, LLC

                                   By: /s/ Joseph Gaglioti
                                      -----------------------------------
                                      Title: Joseph Gaglioti
                                             Treasurer<PAGE>
                                                                   Exhibit 10.67

                   AMENDED AND RESTATED INSTRUMENT DESIGNATING
                  PARTICIPANTS OF THE COLE NATIONAL GROUP, INC.
                    1999 SUPPLEMENTAL RETIREMENT BENEFIT PLAN

1.        Participant. Cole National Group, Inc. (the "Company") hereby
     designates Jeffrey A. Cole as a Participant in the Cole National Group,
     Inc. 1999 Supplemental Retirement Benefit Plan, effective as of January 1,
     1999 (as amended from time to time) (the "Plan").

2.        Special Provisions. (a) The Company, with the written consent of
     Jeffrey A. Cole, hereby amends, restates and supercedes his Instrument
     Designating Participants of the Cole National Group, Inc. 1999 Supplemental
     Retirement Benefit Plan dated December 17, 1998 (the "Original
     Instrument"). In addition, Jeffrey A. Cole by written consent hereby waives
     his rights to participate in and receive benefits, whether or not now
     accrued, under the Cole National Group, Inc. Supplemental Pension Plan (the
     "Supplemental Pension Plan") and the Cole National Group, Inc. Supplemental
     Retirement Benefit Plan (the "Supplemental Retirement Benefit Plan").

     (b)       For purposes of calculating the Supplemental Retirement Benefit
          payable to Jeffrey A. Cole in accordance with the Plan, the benefit
          formula used shall be the same as the formula used for purposes of
          calculating benefits under the Cole National Group, Inc. Retirement
          Plan (as amended and restated, January 1, 2002) (the "Pension Plan"),
          except that instead of using final five year average salary, the sum
          of base compensation and bonus for the calendar year during which the
          sum of base compensation and bonus earned was the highest shall be
          used, and except that such formula shall not be subject to any Code
          Limitation.

     (c)       For purposes of calculating the Supplemental Retirement Benefit
          payable to Jeffrey A. Cole in accordance with the Plan, Jeffrey A.
          Cole shall be credited with years of service equal to (i) the number
          of years of service he is credited with under the Pension Plan, plus
          (ii) the number of years Jeffrey A. Cole served as a non-employee
          director and paid consultant of the Company. For purposes of (ii) in
          the previous sentence, the number of years Jeffrey A. Cole served as a
          non-employee director and paid consultant of the Company is eight.

     (d)       For purposes of calculating the Supplemental Retirement Benefit
          payable to Jeffrey A. Cole in accordance with the Plan, the minimum
          annual Supplemental Retirement Benefit payable to Jeffrey A. Cole
          commencing on or after Jeffery A. Cole's attainment of age 65
          (calculated as a single life annuity) shall be the amount determined
          by the formula "A-B," where:

          A=   the greater of:

               (i)  $474,000 or

               (ii) the amount determined based on the Company's regular Pension
                    Plan formula but using Jeffrey A. Cole's salary and annual
                    bonus
<PAGE>

                    using the highest year commencing in 1998 or thereafter, and
                    reflecting service from 1969 on, and

          B=   the sum of (i) the annualized amount, if any, payable to
               Jeffrey A. Cole in accordance with the Pension Plan (calculated
               as a single life annuity) and (ii) the annualized amount, if any,
               payable to Jeffrey A. Cole's former spouse pursuant to any
               qualified domestic relations order applicable to the Pension Plan
               and/or the Supplemental Pension Plan for the year for which the
               Supplemental Retirement Benefit payable to Jeffrey A. Cole is
               being calculated in accordance with the Plan.

     (e)       For purposes of calculating the Supplemental Retirement Benefit
          payable to Jeffrey A. Cole in accordance with the Plan, the minimum
          annual Supplemental Retirement Benefit payable to Jeffrey A. Cole
          commencing prior to Jeffrey A. Cole's attainment of age 65 (calculated
          as a single life annuity) shall be the amount determined by the
          formula "(A-B) x C," where:

          A=   the greater of

               (i)  $474,000 or

               (ii) the amount determined based on the Company's regular Pension
                    Plan formula but using Jeffrey A. Cole's salary and annual
                    bonus using the highest year commencing in 1998 or
                    thereafter, and reflecting service from 1969 on,

          B=   the sum of (i) the annualized amount, if any, payable to
               Jeffrey A. Cole in accordance with the Pension Plan (calculated
               as a single life annuity) and (ii) the annualized amount, if any,
               payable to Jeffrey A. Cole's former spouse pursuant to any
               qualified domestic relations order applicable to the Pension Plan
               and/or the Supplemental Pension Plan for the year for which the
               Supplemental Retirement Benefit payable to Jeffrey A. Cole is
               being calculated in accordance with the Plan,

          C=   the early retirement reduction factors set forth in Attachment A
               to this Instrument.

     (f)       In computing the Supplemental Retirement Benefit under (d) and
          (e) above, if (i) Jeffrey A. Cole retires after he suffers a
          constructive termination, or (ii) there has been a change of control
          (as each such term is defined in his Employment Agreement with the
          Company and certain of its subsidiaries, dated the 17th day of
          December, 1998), then he will be credited with three (3) additional
          years of service in making the calculations above and his retirement
          will be deemed to have been made with the consent of the Special
          Compensation Committee of the Company's Board of Directors.

     (g)       Notwithstanding Section 3.4 of the Plan, Jeffrey A. Cole's
          Supplemental Retirement Benefit shall be payable in (i) a one-time
          lump sum cash payment, (ii)

                                       2
<PAGE>

          a series of up to 20 annual installments with interest credited and
          compounded quarterly on the unpaid balance at the interest rate
          specified from time-to-time under the Supplemental Retirement Benefit
          Plan, but not less than such rate specified at the date of his
          resignation or retirement from the position and title of Chief
          Executive Officer, or (iii) the same form and for the same duration as
          the benefits payable to the Participant (or Beneficiary) under the
          Pension Plan, as elected by Jeffrey A. Cole. Any form of payment of
          Jeffrey A. Cole's Supplemental Retirement Benefit shall be Actuarially
          Equivalent to the minimum annual Supplemental Retirement Benefit
          calculated under (d) or (e) above, as applicable. Jeffrey A. Cole's
          election of the form of payment of his Supplemental Retirement Benefit
          shall be made by written notice filed with the Company at least six
          (6) months prior to his voluntary termination of employment with, or
          retirement from, the Company. Any such election may be changed by
          Jeffrey A. Cole at any time and from time to time without the consent
          of any other person by filing a later signed written election with the
          Company; provided that any election made less than six (6) months
          prior to his voluntary termination of employment or retirement shall
          not be valid, and in such case payment shall be made in accordance
          with his prior election. In the absence of any effective election,
          Jeffrey A. Cole's Supplemental Retirement Benefit shall be payable in
          a one time lump sum cash payment. Jeffrey A. Cole shall be permitted
          to designate a beneficiary or beneficiaries for purposes of the Plan
          (on a form provided by the Company) to receive a benefit in the event
          that (i) he dies prior to his commencement of benefits under the Plan,
          or (ii) he dies after commencement of benefits under the Plan but
          before any lump sum elected is paid, or with any remaining elected
          installments unpaid. The Supplemental Retirement Benefit payable to
          Jeffrey A. Cole's beneficiary or beneficiaries in the event that he
          dies prior to his commencement of his Supplemental Retirement Benefit
          under the Plan shall be a one time lump sum cash payment in an amount
          equal to the then Actuarial Present Value of the accrued Supplemental
          Retirement Benefit that would have been payable to Jeffrey A. Cole as
          if he had commenced payment of his Supplemental Retirement Benefit
          under the Plan on the day before the day he died and as if he had
          attained not less than age 63, but counting service and compensation
          only through the date of his death, and as if he had elected a one
          time lump sum cash payment.

     (h)       As used herein, the terms "Actuarially Equivalent" or "Actuarial
          Present Value" shall mean a benefit of actuarial equivalence
          determined using the 1994 Group Annuity Reserving Table (94 GAR) or
          such other mortality table that may be subsequently adopted by the
          Internal Revenue Service for purposes of Section 417 of the Code and
          an interest rate equal to the monthly average of the Moody's AA
          Corporate Bond rate for the period commencing with January 2002 and
          ending with the earlier of: (a) December 2004 or (b) the month prior
          to the month Jeffrey A. Cole's Supplemental Retirement Benefit is to
          commence.

                                       3
<PAGE>

3.        Nothing committed to in this instrument may be changed, directly or
     indirectly, by an amendment of the Plan or otherwise, without the prior
     written consent of Jeffrey A. Cole.

4.        This instrument shall satisfy the terms of Section 4(e) of the
     Employment Agreement dated December 17, 1998 among the Company, Cole
     National Corporation, Inc., four of its subsidiaries and Jeffrey A. Cole,
     as such agreement may be amended from time to time, for purposes of
     satisfying Jeffrey A. Cole's entitlement to participate in any of the
     retirement plans and supplemental arrangements in which senior management
     or executive employees of the subsidiaries participate from time to time.

5.        Original Instrument. The provisions of this instrument designation
     amend, restate and supersede the provisions of the Original Instrument.

Dated as of January 25, 2002                COLE NATIONAL GROUP, INC.

                                            By: /s/ Leslie D. Dunn
                                               -----------------------------

                                            Title:  Senior Vice President
                                                  --------------------------

                                            COLE NATIONAL CORPORATION

                                            By: /s/ Leslie D. Dunn
                                               -----------------------------

                                            Title:  Senior Vice President
                                                  --------------------------

                                            COLE VISION CORPORATION

                                            By: /s/ Leslie D. Dunn
                                               -----------------------------

                                            Title:  Senior Vice President
                                                  --------------------------

                                            PEARLE, INC.

                                            By: /s/ Leslie D. Dunn
                                               -----------------------------

                                            Title:  Senior Vice President
                                                  --------------------------
                                       4
<PAGE>

                                            THINGS REMEMBERED, INC.

                                            By: /s/ Leslie D. Dunn
                                               -------------------------------
                                            Its:    Senior Vice President
                                                ------------------------------

Agreed and consented to this 25th day of January, 2002.

                                                  /s/ Jeffrey A. Cole
                                             ----------------------------
                                                     Jeffrey A. Cole

                                       5
<PAGE>

                    ATTACHMENT A TO THE AMENDED AND RESTATED
                   INSTRUMENT DESIGNATING PARTICIPANTS OF THE
                         COLE NATIONAL GROUP, INC. 1999
                             SUPPLEMENTAL RETIREMENT
                        BENEFIT PLAN FOR JEFFREY A. COLE

If Jeffrey A. Cole retires before age 65, the following early retirement
reduction factors apply:
<TABLE>
<CAPTION>
                             If retirement is with the consent of
               Age at        the Special Compensation Committee of   If retirement is without the consent
                             the Company's Board of                  of the Special Compensation Committee
            Retirement*      Directors                               of the Company's Board of Directors
            ----------       -------------------------------------   -------------------------------------
<S>                                 <C>                                    <C>
                 57                           0.28                                    0.28
                 58                           0.34                                    0.34
                 59                           0.40                                    0.40
                 60                           0.90                                    0.47
                 61                           0.92                                    0.56
                 62                           0.94                                    0.65
                 63                           0.96                                    0.96
                 64                           0.98                                    0.98
                 65                   1.00 (no reduction)                      1.00 (no reduction)
</TABLE>

*    Add three additional years (maximum age is 65) if there has been
     constructive termination, a termination without cause or a change of
     control.

                                       6

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