Document:

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                                                                   EXHIBIT 10.66

      THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (the "Amendment"), made this
11th day of July, 2003 is entered into by PolyMedica Corporation, a
Massachusetts corporation with its principal place of business at 11 State
Street, Woburn, Massachusetts 01801 (the "Company"), and Samuel L. Shanaman,
residing at Five Millstone Circle, Andover, Massachusetts 01810 (the
"Employee").

      The Company and the Employee have previously executed an Employment
Agreement dated October 7, 2002 (the "Employment Agreement"), which is hereby
amended as set forth below. The capitalized terms used and not otherwise defined
in this Amendment shall have the respective meanings ascribed to them in the
Employment Agreement.

      1. Section 3.1 of the Employment Agreement be and hereby is amended by
deleting such section in its entirety and substituting in lieu thereof the
following:

            "3.1 Restricted Stock and Salary. The Employee's sole compensation
      for the services provided hereunder shall be (a) to enter into one or more
      Restricted Stock Agreements with the Company in the form attached hereto
      as Exhibit A providing for the issuance of shares of Company Common Stock
      to the Employee with repurchase rights lapsing as to $2,000 of such shares
      (valued at market prices when such agreements are executed, rounded down
      to the next whole share) for each day of services hereunder and (b) to be
      paid $600 for each of the Company's bi-weekly pay periods that occurs
      during the Employment Period."

      2. Except as amended hereby, the Employment Agreement is ratified and
confirmed in all respects.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year set forth above.

                                    POLYMEDICA CORPORATION

                                    By: /s/ Stephen C. Farrell
                                        ---------------------------------------
                                    Title: Senior Vice President and Chief
                                    Financial Officer

                                    EMPLOYEE

                                    /s/ Samuel L. Shanaman
                                        ---------------------------------------
                                    Interim Chief Executive Officer and Lead
                                    Director<PAGE>
                                                                   EXHIBIT 10.1

                       AMENDMENT TO AMENDED AND RESTATED

                              EMPLOYMENT AGREEMENT

                  This Amendment, made and effective on the 21st day of May,
2003, by and between RUSSELL CORPORATION, an Alabama corporation (the
"Company"), and JOHN F. WARD (the "Executive").

                                   RECITALS:

                  WHEREAS, the Company and the Executive entered into that
certain Amended and Restated Employment Agreement effective April 1, 2001 (the
"Agreement"), whereby the Executive's employment as President, Chief Executive
Officer and Chairman of the Board of the Company was continued;

                  WHEREAS, the Board of the Company authorized the Company to
enter into that certain CEO Change-of-Control Employment Agreement (the
"Change-of-Control Employment Agreement") between the Company and Executive,
but the Company and Executive have not executed such agreement;

                  WHEREAS, the Company and Executive desire to amend the
Agreement as set forth herein to incorporate the material provisions of the
unexecuted Change-of-Control Employment Agreement; and

                  WHEREAS, the Company and Executive agree that the
Change-of-Control Employment Agreement shall not be executed and that the
Agreement as amended herein shall supersede and replace any and all prior
understandings or arrangements (whether written or oral) regarding the
Change-of-Control Employment Agreement.

                  NOW, THEREFORE, in consideration of the mutual covenants and
obligations herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Executive
agree that the Agreement shall be amended effective on the date of this
Amendment, as follows:

         1.       Article 3.1 of the Agreement shall be amended to read as
follows:

                  3.1      Term of Employment. The term ("Term") of the
         Executive's employment under this Agreement shall commence on the
         Effective Date and shall continue until the earliest to occur of the
         following dates (the "Termination Date"): (a) March 31, 2006 or if
         later, the third anniversary of the Change of Control (as defined
         below); (b) the date of death of the Executive; (c) the Disability
         Effective Date (as defined in Article 7.1) in the event of "Total
         Disability" of the Executive (as defined in Article 7.4); (d) the
         effective date of a termination by the Company, including any
         termination by the Company for Cause (as defined in and pursuant to
         Articles 3.2 and 3.5); or (e) the effective date of the Executive's
         resignation, including but not limited to termination by the Executive
         for Good Reason (as defined in and pursuant to Articles 3.3 and 3.5).

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         2.       Article 3.2 of the Agreement shall be amended to read as
follows:

                  3.2      Termination for Cause:  Automatic Termination.

                           (a)      The Company may terminate Executive's
                  employment for Cause solely in accordance with all of the
                  substantive and procedural provisions of this Article 3.2.

                           (b)      For purposes of this Agreement, "Cause"
                  means any one or more of the following:

                                    (i)      Executive's conviction of a felony
                           other than those felonies involving use of an
                           automobile in violation of any vehicle statute and
                           excluding any liability which is based on acts of
                           the Company for which Executive is responsible
                           solely as a result of his office(s) with the
                           Company, provided that (A) he was not directly
                           involved in such acts and either had no prior
                           knowledge of such intended actions or promptly acted
                           reasonably and in good faith to attempt to prevent
                           the acts causing such liability or (B) he did not
                           have a reasonable basis to believe that a law was
                           being violated by such acts;

                                    (ii)     Final determination (which for
                           purposes of this paragraph shall mean the exhaustion
                           of all available remedies and appeals by the
                           Executive or the Executive's refusal to pursue such
                           remedies and appeals) in any action the effect of
                           which is to permanently enjoin Executive from
                           fulfilling his duties under the Agreement;

                                    (iii)    Executive's willful or intentional
                           material breach of the Agreement;

                  Provided, however, that for purposes of clauses (i), (ii),
                  and (iii), Cause shall not include any one or more of the
                  following:

                           (A)      bad judgment or negligence;

                           (B)      any act or omission believed by Executive
                  in good faith to have been in or not opposed to the interest
                  of the Company (without intent of Executive to gain, directly
                  or indirectly, a profit to which Executive was not legally
                  entitled);

                           (C)      any act or omission with respect to which a
                  determination could properly have been made by the Board that
                  Executive met the applicable standard of conduct for
                  indemnification or reimbursement under the Company's by-laws,
                  any applicable indemnification agreement, or applicable law,
                  in each case in effect at the time of such act or omission;
                  or

                           (D)      any act or omission with respect to which
                  the Company gives Executive a Notice of Consideration (as
                  defined below) more than six months

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<PAGE>
                  after the earliest date on which any member of the Board, not
                  a party to the act or omission, knew or should have known of
                  such act or omission; and

                  further provided that, if a breach of the Agreement involved
                  an act, or a failure to act, which was done, or omitted to be
                  done, by Executive in good faith and with a reasonable belief
                  that Executive's act, or failure to act, was in the best
                  interests of the Company or was required by applicable law or
                  administrative regulation, such breach shall not constitute
                  Cause if, within thirty (30) days after Executive is given
                  written notice of such breach that specifically refers to
                  this Article, Executive cures such breach to the fullest
                  extent that it is curable.

                           (c)      The Company shall strictly observe each of
                  the following procedures in connection with any termination
                  of employment for Cause:

                                    (i)      The issue of determining whether
                           Executive's acts or omissions satisfy the definition
                           of "Cause" herein and, if so, whether to terminate
                           Executive's employment for Cause shall be raised and
                           discussed at a meeting of the Board.

                                    (ii)     Not less than 30 days prior to the
                           date of such meeting the Company shall provide
                           Executive and each member of the Board written
                           notice (a "Notice of Consideration") of (A) a
                           detailed description of the acts or omissions
                           alleged to constitute Cause, (B) the date, time and
                           location of such meeting of the Board, and (C)
                           Executive's rights under clause (iii) below.

                                    (iii)    Executive shall have the
                           opportunity to appear before the Board at such
                           meeting in person and, at Executive's option, with
                           or without legal counsel, and to present to the
                           Board a written and/or oral response to the Notice
                           of Consideration.

                                    (iv)     Executive's employment may be
                           terminated for Cause only if (A) the acts or
                           omissions specified in the Notice of Consideration
                           did in fact occur and do constitute Cause as defined
                           in this Article 3.2, (B) the Board makes a specific
                           determination to such effect and to the effect that
                           Executive's employment should be terminated for
                           Cause and (C) the Company thereafter provides
                           Executive with a Notice of Termination pursuant to
                           Article 3.5 which specifies in specific detail the
                           basis of such termination of employment for Cause
                           and which Notice shall be based upon one or more of
                           the acts or omissions set forth in the Notice of
                           Consideration. The Board's determination specified
                           in clause (B) of the preceding sentence shall
                           require the affirmative vote of at least 75% of the
                           members of the Board.

                           (d)      In the event that the Company terminates
                  Executive's employment for Cause upon an Imminent Change Date
                  (as defined below) or on or after a Change of Control (as
                  defined below) and the issue of whether Executive was
                  properly terminated for Cause becomes a disputed issue in any
                  action or proceeding between the Company and Executive, the
                  Company shall,

                                      -3-
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                  notwithstanding the determination referenced in clause (iv)
                  of Article 3.2(c), have the burden of establishing by clear
                  and convincing evidence that the actions or omissions
                  specified in the Notice of Termination did in fact occur, do
                  constitute Cause, were the basis for Executive's termination
                  and that the Company has, in each and every respect,
                  satisfied the procedural requirements of Article 3.2(c).

                           (e)      For purposes of this Agreement, the
                  following terms shall have the following meanings:

                                    (i)      "Beneficial Owner" has the meaning
                           specified in Rule 13d-3 of the SEC under the
                           Exchange Act.

                                    (ii)     "Change of Control" means any one
                           or more of the following:

                           (A)      any person (as such term is used in Rule
                  13d-5 of the SEC under the Securities Exchange Act of 1934
                  ("Exchange Act") or group (as such term is defined in Section
                  3(a)(9) and 13(d)(3) of the Exchange Act), other than a
                  Subsidiary (as defined below), any employee benefit plan (or
                  any related trust) of the Company or any of its Subsidiaries
                  or any Excluded Person (as defined below), becomes the
                  Beneficial Owner (as defined above) of 20% or more of the
                  common stock of the Company or of Voting Securities (as
                  defined below) representing 20% or more of the combined
                  voting power of the Company (such a person or group, a "20%
                  Owner"), except that (1) no Change of Control shall be deemed
                  to have occurred solely by reason of such beneficial
                  ownership by a corporation with respect to which both more
                  than 70% of the common stock of such corporation and Voting
                  Securities representing more than 70% of the aggregate voting
                  power of such corporation are then owned, directly or
                  indirectly, by the persons who were the direct or indirect
                  owners of the common stock and Voting Securities of the
                  Company immediately before such acquisition in substantially
                  the same proportions as their ownership, immediately before
                  such acquisition, of the common stock and Voting Securities
                  of the Company, as the case may be, and such corporation
                  shall not be deemed a 20% Owner and (2) if any person or
                  group owns 20% or more but less than 30% of the common stock
                  of the Company or of the voting power of the Voting
                  Securities and such person or group has a "No Change of
                  Control Agreement" with the Company (as defined below), no
                  Change of Control shall be deemed to have occurred solely by
                  reason of such ownership for so long as the No Change of
                  Control Agreement remains in effect and such person or group
                  is not in violation of the No Change of Control Agreement; or

                           (B)      the Incumbent Directors (as defined below)
                  (determined using the date of this Amendment as the baseline
                  date) cease for any reason to constitute at least two-thirds
                  of the directors of the Company then serving; or

                           (C)      approval by the stockholders of the Company
                  of a merger, reorganization, consolidation, or similar
                  transaction, or a plan or agreement for the sale or other
                  disposition of all or substantially all of the consolidated
                  assets of the Company or a plan of liquidation of the Company
                  (any of the foregoing

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<PAGE>
                  transactions, a "Reorganization Transaction") which, based on
                  information included in the proxy and other written materials
                  distributed to the Company's stockholders in connection with
                  the solicitation by the Company of such stockholder approval,
                  is not expected to qualify as an Exempt Reorganization
                  Transaction (as defined below); or

                           (D)      the consummation by the Company of a
                  Reorganization Transaction that for any reason fails to
                  qualify as an Exempt Reorganization Transaction as of the
                  date of such consummation, notwithstanding the fact that such
                  Reorganization Transaction was expected to so qualify as of
                  the date of such stockholder approval.

                  A person or group shall be deemed to have a "No Change of
                  Control Agreement" for so long as the person or all members
                  of the group have executed a legal, binding and enforceable
                  agreement with the Company which provides that: (1) such
                  person or group shall be bound by the agreement for the time
                  period of not less than five years from its date of
                  execution; (2) such person or group shall not acquire
                  beneficial ownership or voting control equal to a percentage
                  of the common stock of the Company or the voting power of the
                  Voting Securities which exceeds a percentage specified in the
                  agreement which percentage shall in all events be less than
                  30%; (3) such person or group may not designate for election
                  as directors a number of directors in excess of 30% of the
                  number of directors on the Board; and (4) such person or
                  group shall vote the common stock of the Company and Voting
                  Securities in all matters in the manner directed by the
                  majority of the Incumbent Directors. If any agreement
                  described in the preceding sentence is violated by such
                  person or group or is amended in a fashion such that it no
                  longer satisfies the requirements of the preceding sentence,
                  such agreement shall, as of the date of such violation or
                  amendment, be treated for purposes hereof as no longer
                  constituting a No Change of Control Agreement.

                  Notwithstanding the occurrence of any of the foregoing
                  events, a Change of Control shall not occur with respect to
                  an Executive if, in advance of such event, the Executive
                  agrees in writing that such event shall not constitute a
                  Change of Control.

                                    (iii)    "Excluded Person" means any Person
                           who, along with such Person's Affiliates and
                           Associates (as such terms are defined in Rule 12b-2
                           of the General Rules and Regulations under the
                           Exchange Act), is the Beneficial Owner of 15% or
                           more of the common stock of the Company or of the
                           Voting Securities of the Company outstanding as of
                           the date of this Amendment, provided that such
                           Person, including such Person's Affiliates and
                           Associates, does not acquire, after the date of this
                           Amendment, additional common stock or Voting
                           Securities of the Company in excess of 1% of the
                           then outstanding common stock or Voting Securities,
                           exclusive of (A) common stock or Voting Securities
                           acquired by such Person and such Person's Affiliates
                           and Associates as a result of stock dividends, stock
                           splits, recapitalizations or similar transactions in
                           which the Company did not receive any consideration
                           for

                                      -5-
<PAGE>
                           issuing the shares in question or as a result of
                           repurchases of stock by the Company; (B) common
                           stock or Voting Securities acquired by such Person
                           and such Person's Affiliates and Associates as a
                           result of gifts, devises, bequests and intestate
                           succession; and (C) common stock or Voting
                           Securities acquired by such Person and such Person's
                           Affiliates and Associates as a result of
                           participation by such Person and such Person's
                           Affiliates and Associates in any dividend
                           reinvestment plan, stock option plan or other
                           similar plan or arrangement of the Company.

                                    (iv)     "Exempt Reorganization
                           Transaction" means a Reorganization Transaction
                           which results in the Persons who were the direct or
                           indirect owners of the outstanding common stock and
                           Voting Securities of the Company immediately before
                           such Reorganization Transaction becoming,
                           immediately after the consummation of such
                           Reorganization Transaction, the direct or indirect
                           owners of both more than 70% of the then-outstanding
                           common stock of the Surviving Corporation and Voting
                           Securities representing more than 70% of the
                           aggregate voting power of the Surviving Corporation,
                           in substantially the same respective proportions as
                           such Persons' ownership of the common stock and
                           Voting Securities of the Company immediately before
                           such Reorganization Transaction.

                                    (v)      "Incumbent Directors" means, as of
                           any specified baseline date, individuals then
                           serving as members of the Board who were members of
                           the Board as of the date immediately preceding such
                           baseline date; provided that any
                           subsequently-appointed or elected member of the
                           Board whose election, or nomination for election by
                           stockholders of the Company or the Surviving
                           Corporation, as applicable, was approved by a vote
                           or written consent of at least two-thirds of the
                           directors then comprising the Incumbent Directors
                           shall also thereafter be considered an Incumbent
                           Director, unless the initial assumption of office of
                           such subsequently-elected or appointed director was
                           in connection with (A) an actual or threatened
                           election contest, including a consent solicitation,
                           relating to the election or removal of one or more
                           members of the Board, (B) a "tender offer" (as such
                           term is used in Section 14(d) of the Exchange Act),
                           (C) a proposed Reorganization Transaction, or (D) a
                           request, nomination or suggestion of any Beneficial
                           Owner of Voting Securities representing 15% or more
                           of the aggregate voting power of the Voting
                           Securities of the Company or the Surviving
                           Corporation, as applicable (excluding any Beneficial
                           Owner who is subject to and not in violation of a No
                           Change of Control Agreement both on the date of any
                           such request, nomination or suggestion and on the
                           date of such Director's election or appointment).

                                    (vi)     "Imminent Change Date" means any
                           date on which one or more of the following occurs
                           (A) a presentation to the Company's stockholders
                           generally or any of the Company's directors or
                           executive officers of a proposal or offer which, if
                           consummated, would be a Change

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                           of Control, (B) the public announcement (whether by
                           advertisement, press release, press interview,
                           public statement, Security and Exchange Commission
                           ("SEC") filing or otherwise) of a proposal or offer
                           which if consummated would be a Change of Control,
                           or (C) such proposal or offer remains effective and
                           unrevoked.

                                    (vii)    "Parent Corporation" means a
                           corporation which owns 50% or more of the common
                           stock or Voting Securities of any corporation and
                           any other corporation which owns any corporation
                           which is in an unbroken chain of corporations each
                           of which owns successively in an unbroken chain of
                           corporations which includes the subject corporation.

                                    (viii)   "Person" means any individual,
                           sole proprietorship, partnership, joint venture,
                           limited liability company, trust, unincorporated
                           organization, association, corporation, institution,
                           public benefit corporation, entity or government
                           instrumentality, division, agency, body or
                           department.

                                    (ix)     "Subsidiary" means with respect to
                           any Person (A) any corporation of which more than
                           50% of the Voting Securities are at the time,
                           directly or indirectly, owned by such Person and (B)
                           any partnership or limited liability company in
                           which such Person has a direct or indirect interest
                           (whether in the form of voting power, participation
                           in profits or capital contribution) of more than
                           50%.

                                    (x)      "Surviving Corporation" means the
                           corporation resulting from a Reorganization
                           Transaction and any Parent Corporation of such
                           corporation.

                                    (xi)     "Voting Securities" of a
                           corporation means securities of such corporation
                           that are entitled to vote generally in the election
                           of directors of such corporation, but not including
                           any other class of securities of such corporation
                           that may have voting power by reason of the
                           occurrence of a contingency which contingency has
                           not occurred.

         3.       Article 3.3 of the Agreement shall be amended to read as
follows:

                  3.3      Good Reason.

                           (a)      During the Term, Executive may terminate
                  his or her employment for Good Reason in accordance with the
                  substantive and procedural provisions of this Article. For
                  purposes of this Agreement, Good Reason means the occurrence
                  of any one or more of the following actions or omissions
                  that, unless otherwise specified, occurs during the Term of
                  the Agreement:

                                    (i)      any failure to pay Executive's
                           Base Salary or annual bonus in violation of Article
                           4 of the Agreement or any failure to increase
                           Executive's Base Salary to the extent, if any,
                           required by Article 4.1;

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<PAGE>
                                    (ii)     any failure by the Company to
                           comply with any provision of Articles 2 (including,
                           but not limited to, failure by the Company or the
                           Company's shareholders to reelect or reappoint
                           Executive as President (unless he has previously
                           voluntarily relinquished such position), Chief
                           Executive Officer and Chairman of the Board), 4, 5,
                           6, 8, 9 or 10 of the Agreement;

                                    (iii)    any material modification in
                           Executive's position (including offices, titles,
                           reporting requirements or responsibilities),
                           authority, duties or other terms and conditions of
                           Executive's employment;

                                    (iv)     requiring Executive to be based at
                           any office or location other than the Atlanta,
                           Georgia metropolitan area;

                                    (v)      any material breach of the
                           Agreement by the Company;

                                    (vi)     any termination of employment by
                           the Company that purports to be for Cause, but is
                           not in full compliance with all of the substantive
                           and procedural requirements of this Agreement (any
                           such purported termination shall be treated as a
                           termination of employment without Cause for all
                           purposes of this Agreement);

                                    (vii)    the failure at any time of a
                           successor to the Company or a Parent Corporation of
                           a successor to the Company explicitly to assume and
                           agree to be bound by the Agreement; or

                                    (viii)   a termination of employment by
                           Executive for any reason or no reason at any time
                           during the twenty-four month period commencing
                           immediately following the date of a Change of
                           Control.

                           (b)      In the event Executive determines there is
                  Good Reason to terminate, Executive shall notify the Company
                  of the events constituting such Good Reason by a Notice of
                  Termination pursuant to Article 3.5. A delay in the delivery
                  of such Notice of Termination or a failure by Executive to
                  include in the Notice of Termination any fact or circumstance
                  which contributes to a showing of Good Reason shall not waive
                  any right of Executive under this Agreement or preclude
                  Executive from asserting such fact or circumstance in
                  enforcing rights under this Agreement; provided, that no act
                  or omission by the Company shall qualify as Good Reason if
                  Executive's termination of employment occurs more than 12
                  months after Executive first obtains actual knowledge of such
                  act or omission.

                           (c)      If the Termination Date occurs on or after
                  a Change of Control and during any portion of the Term, any
                  reasonable determination by Executive that any of the events
                  specified in the definition of Good Reason, has occurred and
                  constitutes Good Reason shall be conclusive and binding for
                  all purposes, unless the Company establishes by clear and
                  convincing evidence that Executive did not have any
                  reasonable basis for such determination.

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<PAGE>
                           (d)      In the event that the Company on or after a
                  Change of Control conceals any act or omission by the Company
                  that occurs during the Term and qualifies as Good Reason, any
                  subsequent termination of employment (whether by the Company
                  or by Executive and regardless of the circumstances of such
                  termination) that occurs at any time after such act or
                  omission shall conclusively be deemed to be a termination of
                  employment by Executive for Good Reason, notwithstanding any
                  provision of this Agreement to the contrary.

                           (e)      If Executive has a termination of
                  employment during the Imminent Change Period (as defined
                  below) and a Change of Control occurs within six (6) months
                  of such termination of employment, the provisions of this
                  Article 3.3 and the other provisions of this Agreement shall
                  be applied in the same manner and to the same extent as if
                  the termination of employment had occurred after the date of
                  a Change of Control. During the Imminent Change Period, if
                  Executive terminates his employment for reasons that would
                  constitute Good Reason during the Term, Executive shall
                  terminate in accordance with the procedures set forth in this
                  Article 3.3.

                           (f)      "Imminent Change Period" means the period
                  commencing on the Imminent Change Date and ending on the
                  earlier to occur of (i) a Change of Control or (ii) the date
                  the offer or proposal for a Change of Control is no longer
                  effective or has been revoked.

         4.       Article 3.5 of the Agreement shall be amended to read as
follows:

                  3.5      Notice of Termination. Any termination by the
         Executive for Good Reason or by the Company for Cause shall be
         communicated by Notice of Termination to the Company or the Executive,
         as the case may be. For purposes hereof, a "Notice of Termination"
         means a written notice given in accordance with Article 26 of the
         Agreement which sets forth (a) the specific termination provision in
         this Agreement relied upon by the party giving such notice, (b) in
         reasonable detail the specific facts and circumstances claimed to
         provide a basis for such termination of employment, and (c) if the
         Termination Date is other than the date of receipt of such Notice of
         Termination, the Termination Date shall be any later date, not more
         than 15 days after the giving of such Notice, specified in such
         notice; provided, however, that if no Notice of Termination is given,
         the Termination Date shall be the last date on which Executive is
         employed by the Company.

         5.       Article 5 of the Agreement shall be amended by designating
the two paragraphs therein as Article 5.1 and adding to Article 5 the following
Articles 5.2 and 5.3 to read as follows:

                  5.2      Restricted Stock. In addition to the Base Salary and
         bonus provided to the Executive pursuant to Article 4, the Board, in
         its discretion and during the Term, may grant restricted shares of
         common stock of Russell Corporation to the Executive. If the
         Executive's employment is terminated by reason of death, Total
         Disability, by the Company for any reason other than for Cause or by
         the Executive for Good Reason, all restrictions on such restricted
         shares and any other restricted stock granted to Executive shall
         immediately lapse; if the Executive's employment is terminated by the
         Company for

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<PAGE>
         Cause or by the Executive other than for Good Reason, all shares of
         restricted common stock granted under this Article 5 or otherwise as
         to which the restrictions have not lapsed as of the Termination Date
         shall be forfeited to the Company.

                  5.3      Performance Shares. In addition to the Base Salary
         and bonus provided to the Executive pursuant to Article 4, the Board,
         in its discretion and during the Term, may grant performance shares to
         the Executive. If the Executive's employment is terminated by reason
         of death, Total Disability, by the Company for any reason other than
         for Cause or by the Executive for Good Reason, the Company shall
         immediately pay to the Executive with respect to any performance share
         with respect to which the performance period has not ended as of the
         date of such termination the award or awards that would be payable to
         the Executive upon achieving target performance goals.

         6.       Article 7 of the Agreement shall be amended to read as
follows:

                  7.1      Termination on Total Disability. The Company may
         only terminate the Executive's employment because of Executive's Total
         Disability (as defined below) by giving Executive or his legal
         representative, as applicable, (a) written notice in accordance with
         Article 26 of the Company's intention to terminate Executive's
         employment pursuant to this Article 7.1 and (b) a Certification (as
         defined in Article 7.4.) Executive's employment shall terminate
         effective on the 30th day (the "Disability Effective Date") after
         Executive's receipt of such notice unless, before the Disability
         Effective Date, Executive shall have resumed the full-time performance
         of Executive's duties.

                  7.2      Disability Benefits. If the Company terminates
         Executive's employment by reason of Executive's Total Disability
         during the Term, the Company's sole obligation to Executive under
         Articles 2, 4 and 11 (other than Article 11.1) shall be as follows:

                           (a)      to pay Executive, in addition to all vested
                  rights arising from Executive's employment as specified in
                  Article 9, a lump-sum cash amount equal to all Accrued
                  Obligations (as defined in Article 11.2(d)(i)) determined as
                  of the Termination Date,

                           (b)      to continue Executive's Base Salary for a
                  period of 180 days following the last day of the Termination
                  Month (as defined in Article 11.1), and

                           (c)      if the Termination Date is on or after a
                  Change of Control, to provide Executive disability and other
                  benefits after the Termination Date that are not less than
                  the most favorable of such benefits then available under
                  Executive's Agreement, Plans of the Company to disabled peer
                  executives of the Company or, if more favorable, those such
                  benefits provided by the Company at any time during the
                  12-month period immediately preceding the date of the Change
                  of Control.

                  7.3      Other Benefits. The rights of the Executive as
         enumerated under this Article 7 upon any said termination of
         employment in the event of Total Disability of Executive (which shall
         be treated as retirement for purposes of all Company Plans and
         benefits) are in addition to any and all other rights and benefits to
         which the Executive is

                                     -10-
<PAGE>
         entitled (or those in which the Executive is otherwise vested or which
         the Executive has otherwise earned), under the terms of this Agreement
         (including but not limited to those rights described in Articles 5,6,
         11 and 12), the aforementioned Employment Agreement dated as of March
         31, 1998 (which was subsequently amended effective November 1, 1999
         and which has a term through and including March 31, 2001), and/or the
         Amended and Restated Executive Deferred Compensation and Buyout Plan
         (or its predecessor), which is incorporated herein by reference as set
         forth in Article 30.

                  7.4      Definition of Total Disability. For purposes of this
         Agreement, "Total Disability" means any medically determinable
         physical or mental impairment that has lasted for a continuous period
         of not less than six (6) months and can be expected to be permanent or
         of indefinite duration, and that renders Executive unable to perform
         the duties required under the Agreement. Such determination shall be
         made by written certification ("Certification") of Executive's Total
         Disability by a physician jointly selected by the Company and the
         Executive; provided that if the Company and Executive cannot reach
         agreement on the physician, the Certification shall be by a panel of
         physicians consisting of one physician selected by the Company, one
         physician selected by the Executive and a third physician jointly
         selected by those two physicians.

         7.       Article 11.2 of the Agreement is amended as follows:

                  A.       The first sentence of Article 11.2(a) is amended to
         read as follows:

                  (a)      In addition to the compensation provided for in
         Article 11.1, in the event prior to a Change of Control (i) the
         Executive's employment is terminated by the Executive for Good Reason
         or by the Company for any reason other than for Cause or (ii) the
         Board declines to renew this Employment Agreement with the Executive
         at the expiration of the Term hereof and upon terms that are no less
         favorable to the Executive than those contained in this Agreement, the
         Executive (or, in the event of his subsequent death, his designated
         beneficiary) shall receive an amount equal to the sum of (A) and (B),
         where (A) equals three times the Executive's then current Base Salary
         and (B) equals three times that Target Bonus for the year in which the
         effective date of said termination or expiration occurs, which Target
         Bonus cannot (pursuant to Article 4.2) be less than 70% of the
         Executive's then Base Salary.

                  B.       The first sentence of Article 11.2(b) is amended to
         read as follows:

                  (b)      In the event the Board has not declined to renew
         this Agreement with the Executive at the expiration of the Term hereof
         (and upon terms that are no less favorable to the Executive than those
         contained in this Agreement) but the Executive has nonetheless
         declined to remain with the Company, the Executive (or in the event of
         his subsequent death, his designated beneficiary) shall receive
         (unless there has been a Change of Control and the Executive is
         entitled to severance under Article 11.2(d)) an amount equal to the
         Executive's then current Base Salary.

                  C.       New Articles 11.2(d) through 11.2(g) are added to
         the Agreement to read as follows:

                                     -11-
<PAGE>
                  11.2(d) If, during the Term (or, if applicable, as provided
         in Article 11.2(e) during the Imminent Change Period), the Company
         terminates Executive's employment on or after a Change of Control
         other than for Cause or Total Disability, or if Executive terminates
         employment on or after a Change of Control for Good Reason, the
         Company's sole obligations to Executive under Articles 2, 4 and 11
         (other than Article 11.1) shall be as follows:

                           (i)      The Company shall pay Executive, in
                  addition to all vested rights arising from Executive's
                  employment as specified in Article 9, a lump-sum cash amount
                  equal to the sum of the following:

                                    (A)      the amount of Executive's Base
                           Salary that is accrued but not yet paid as of the
                           Termination Date (the "Accrued Base Salary");

                                    (B)      the amount of any annual bonus
                           earned by Executive under Article 4.2 of the
                           Agreement but not yet paid with respect to the
                           Company's latest fiscal year ended prior to the
                           Termination Date (the "Accrued Annual Bonus");

                                    (C)      any accrued but unpaid vacation
                           pay, and any other amounts and benefits which are
                           then due to be paid or provided to Executive by the
                           Company, but have not yet been paid or provided (as
                           applicable) (the sum of (A), (B) and (C) shall be
                           collectively referred to in this Agreement as the
                           "Accrued Obligations");

                                    (D)      Executive's Pro-rata Annual Bonus
                           (as defined below) reduced (but not below zero) by
                           the amount of any annual bonus paid to Executive
                           with respect to the Company's fiscal year in which
                           the Termination Date occurs;

                                    (E)      all amounts previously deferred
                           by, or accrued to the benefit of, Executive under
                           any defined contribution Non-Qualified Plans (as
                           defined in Article 31.2), whether vested or
                           unvested, together with any accrued earnings
                           thereon, to the extent that such amounts and
                           earnings have not been previously paid by the
                           Company (whether pursuant to Article 31 or
                           otherwise);

                                    (F)      an amount equal to the number of
                           years in the Severance Period (as defined below)
                           times the sum of (1) Base Salary, (2) the greatest
                           of (I) Target Annual Bonus (as defined below), (II)
                           Historical Bonus (as defined below) or (III) 140% of
                           Executive's Base Salary and (3) Employer Defined
                           Contribution Plan Contribution (as defined below),
                           each determined as of the Termination Date;
                           provided, however, that any reduction in Executive's
                           Base Salary or Target Annual Bonus that would
                           qualify as Good Reason shall be disregarded for
                           purposes of this clause; and

                                    (G)      to the extent not paid pursuant to
                           any other clause of this Article 11.2(d)(i), an
                           amount equal to the sum of the value of the unvested

                                     -12-
<PAGE>
                           portion of Executive's accounts or accrued benefits
                           under any Non-Qualified Plans or any plan which
                           meets the qualification requirements of Section
                           401(a) or 403(a) of the Internal Revenue Code (a
                           "Qualified Plan") (other than a defined benefit
                           plan) maintained by the Company as of the
                           Termination Date and forfeited by Executive by
                           reason of the termination of employment.

                  Such lump-sum amount shall be paid no more than thirty (30)
                  days after the Termination Date.

                           (ii)     The Company shall pay, in lieu of all
                  previously-accrued benefits under all Non-Qualified Plans
                  that are defined benefit plans, a lump-sum cash amount equal
                  to the positive difference, if any, between:

                                    (A)      the sum of the Lump-Sum Values (as
                           defined below) of each Maximum Annuity (as defined
                           below) that would be payable to Executive under any
                           defined benefit Plan (whether or not qualified under
                           Section 401(a)) if Executive had:

                                             (1)      become fully vested in
                                    all such previously-unvested benefits,

                                             (2)      accrued a number of years
                                    of service (for purposes of determining the
                                    amount of such benefits, entitlement to
                                    early retirement benefits, and all other
                                    purposes of such defined benefit plans)
                                    that is a number of years equal to the
                                    number of years of service actually accrued
                                    (or in the case of the Company's defined
                                    benefit retirement plan and its SERP as
                                    specified in Article 3.4, each year (or
                                    portion thereof) of the Executive's
                                    employment with the Company from January 1,
                                    1998 through the Termination Date shall
                                    count and serve as two (2) years of
                                    employment for the SERP program implemented
                                    by the Company in 2000, which program was
                                    retroactive to January 1, 1998) by
                                    Executive as of the Termination Date
                                    increased by the number of years in the
                                    Severance Period, and

                                             (3)      received the lump-sum
                                    severance benefits specified in Article
                                    11.2(d)(i)(D) and (F) as covered
                                    compensation in equal monthly installments
                                    during the Severance Period,

                  minus

                                    (B)      the sum of (1) the Lump-Sum Values
                           of the Maximum Annuity benefits actually payable to
                           Executive in the future under each defined benefit
                           Plan that is qualified under Section 401(a) of the
                           Code and (2) the aggregate amounts previously paid
                           to Executive pursuant to Article 31.2.

                                     -13-
<PAGE>
                  Such lump-sum amount shall be paid no more than 30 days after
                  a Termination Date.

                           (iii)    The Company shall pay all reasonable fees
                  and costs charged by the outplacement firm selected by
                  Executive to provide outplacement services to Executive or,
                  at the election of Executive, shall pay to Executive within
                  thirty (30) business days of its receipt of notice of
                  Executive's election an amount equal to the reasonable fees
                  and expenses such outplacement firm would charge.

                           (iv)     Until a number of years subsequent to the
                  Termination Date equal to the length of the Severance Period
                  or such later date as any plan may specify, the Company shall
                  continue to provide to Executive and Executive's family
                  welfare benefits (including medical, prescription, dental,
                  disability, salary continuance, individual life, group life,
                  accidental death and travel accident insurance plans and
                  programs but excluding those benefits which are provided
                  after the Executive's Termination Date pursuant to Article 6
                  of the Agreement) which are at least as favorable as the most
                  favorable Plans of the Company applicable to other peer
                  executives and their families as of the Termination Date, but
                  which are in no event less favorable than the most favorable
                  Plans of the Company applicable to other peer executives and
                  their families during the 12-month period immediately before
                  the date of the Change of Control. The cost of such welfare
                  benefits to Executive shall not exceed the cost of such
                  benefits to Executive immediately before the Termination Date
                  or, if less, the date of the Change of Control. Executive's
                  rights under this paragraph shall be in addition to, and not
                  in lieu of, any post-termination continuation coverage or
                  conversion rights Executive may have pursuant to applicable
                  law, including continuation coverage required by Section 4980
                  of the Code. Notwithstanding any of the above, the welfare
                  benefits provided under this paragraph shall be secondary to
                  any similar welfare benefits provided by Executive's
                  subsequent employer.

                           (v)      During the Severance Period, the Company
                  shall provide Executive with the office, office privileges
                  and rights, assistance and all other rights set forth in
                  Article 8.

                  11.2(e) If during the Imminent Change Period:

                           (i)      the Company terminates Executive's
                  employment other than for Cause or Total Disability, or if
                  Executive terminates employment for Good Reason, and

                           (ii)     a Change of Control occurs within six (6)
                  months of Executive's Termination Date,

                  Executive shall receive the benefits provided in Article
                  11.2(d), (rather than in Article 11.2(a)), as if such
                  termination of employment occurred as of the date of the
                  Change of Control reduced by any similar benefits actually
                  paid to Executive on or after the termination of employment
                  pursuant to Article 11.2(a).

                                     -14-
<PAGE>
                  11.2(f) If, on or after a Change of Control, Executive's
         employment is terminated by reason of Executive's death during the
         Term, the Company's sole obligations to Executive under Articles 2, 4
         and 11 (other than Article 11.1) shall be as follows:

                           (i)      to pay Executive's estate or Beneficiary,
                  in addition to all vested rights arising from Executive's
                  employment as specified in Article 9, a lump-sum cash amount
                  equal to all Accrued Obligations; and

                           (ii)     to provide Executive's estate or
                  Beneficiary survivor and other benefits that are not less
                  than the most favorable survivor and other benefits then
                  available under Plans of the Company to the estates or the
                  surviving families of peer executives of the Company or, if
                  more favorable, those such benefits provided by the Company
                  at any time during the 12-month period immediately preceding
                  the date of the Change of Control.

                  11.2(g). For purposes of this Agreement, the terms specified
         below shall have the following meanings:

                  (i)      "Employer Defined Contribution Plan Contribution"
         means the product of (A) the maximum amount stated as a percentage of
         Executive's Base Salary paid within the three-year period immediately
         preceding the date of the Change of Control by the Company for any
         12-month period to or for the benefit of Executive as an employer
         contribution under the Company's Non-Qualified Plans and Qualified
         Plans which are defined contribution plans on behalf of Executive,
         multiplied by (B) Executive's Base Salary as of the Termination Date
         or, if greater, during the 12-month period immediately preceding the
         date of the Change of Control.

                  (ii)     "Historical Bonus" means a percentage of the
         Executive's current Base Salary multiplied by the highest percentage
         of Base Salary from time to time in effect represented by the
         Executive's highest annual bonus on a percentage basis over the
         three-year period immediately preceding the date of the Change of
         Control.

                  (iii)    "Lump Sum Value" of an annuity payable pursuant to a
         defined benefit plan means, as of a specified date, the present value
         of such annuity, as determined, as of such date, under generally
         accepted actuarial principles using (A) the applicable interest rate,
         mortality tables and other methods and assumptions that the Pension
         Benefit Guaranty Corporation ("PBGC") would use in determining the
         value of an immediate annuity of a terminated plan on the Termination
         Date or (B) if such interest rate and mortality assumptions are no
         longer published by the PBGC, interest rate and mortality assumptions
         determined in a manner as similar as practicable to the manner by
         which the PBGC's interest rate and mortality assumptions were
         determined immediately prior to the PBGC's cessation of publication of
         such assumptions.

                  (iv)     "Maximum Annuity" means, in respect of a defined
         benefit plan (whether or not qualified under Section 401 (a) of the
         Code), an annuity computed in whatever manner permitted under such
         plan (including frequency of annuity payments, attained age upon
         commencement of annuity payments, and nature of surviving spouse
         benefits, if any) that yields the greatest Lump Sum Value.

                                     -15-
<PAGE>
                  (v)      "Pro-rata Annual Bonus" means, in respect of the
         Company's fiscal year during which the date of the Change of Control
         (in the case of a Pro-rata Annual Bonus payable pursuant to Article
         31.3 hereof) or the Termination Date (in the case of a Pro-rata Annual
         Bonus payable pursuant to Article 11 hereof), as applicable, occurs,
         an amount equal to the product of the greater of Executive's
         Historical Bonus or Executive's Target Annual Bonus (determined as of
         the date of the Change of Control or Termination Date, as applicable)
         multiplied by a fraction, the numerator of which equals the number of
         days from and including the first day of such fiscal year through and
         including the date of the Change of Control or the Termination Date,
         as applicable, and the denominator of which equals 365.

                  (vi)     "Severance Period" means a period equal to three
         years.

                  (vii)    "Target Annual Bonus" as of a certain date means the
         amount equal to the product of Base Salary determined as of such date
         multiplied by the percentage of such Base Salary to which Executive
         would have been entitled immediately prior to such date under
         Executive's Agreement and any applicable bonus plan for the annual
         performance period for which the annual bonus is awarded if the
         performance goals established pursuant to such bonus plan were
         achieved at the 100% level as of the end of the annual performance
         period.

         8.       Article 13.3 of the Agreement shall be amended by adding the
following at the end of Article 13.3 to read as follows:

                  The foregoing provisions of this Article 13.3 shall not apply
         on or after a termination of employment which occurs within three
         years after a Change of Control; provided that during the period
         beginning on such Termination Date and ending on the first anniversary
         of the Termination Date, Executive shall not, directly or indirectly:

                           (a)      encourage any employee or agent of the
                  Company to terminate his or her relationship with the
                  Company;

                           (b)      solicit the employment or engagement as a
                  consultant or adviser, of any employee or agent of the
                  Company, or cause or encourage any Person to do any of the
                  foregoing;

                           (c)      establish (or take preliminary steps to
                  establish) a business with, or encourage others to establish
                  (or take preliminary steps to establish) a business with, any
                  employee or agent of the Company; or

                           (d)      interfere with the relationship of the
                  Company with, or endeavor to entice away from the Company,
                  any Person who or which at any time during the period
                  commencing one year prior to the Termination Date was or is a
                  material customer or material supplier of, or maintained a
                  material business relationship with, the Company.

         9.       Article 14 of the Agreement shall be amended to read as
follows:

                                     -16-
<PAGE>
         ARTICLE 14. CERTAIN ADDITIONAL PAYMENTS BY THE COMPANY.

                  14.1     Gross-up for Certain Taxes.

                           (a)      If it is determined (by the reasonable
                  computation of the Company's independent auditors, which
                  determinations shall be certified to by such auditors and set
                  forth in a written certificate ("Company Certificate")
                  delivered to the Executive) that any benefit received or
                  deemed received by the Executive from the Company pursuant to
                  this Agreement or otherwise (collectively, the "Potential
                  Parachute Payments") is or will become subject to any excise
                  tax under Section 4999 of the Code or any similar tax payable
                  under any United States federal, state, local or other law
                  (such excise tax and all such similar taxes collectively,
                  "Excise Taxes"), then the Company shall, immediately after
                  such determination, pay the Executive an amount (the
                  "Gross-up Payment") equal to the product of

                                    (i)      the amount of such excise Taxes

                  multiplied by

                                    (ii)     the Gross-up Multiple (as defined
                           in Article 14.4).

                  The Gross-up Payment is intended to compensate the Executive
                  for the Excise Taxes and any federal, state, local or other
                  income or excise taxes or other taxes payable by the
                  Executive with respect to the Gross-up Payment. For all
                  purposes of this Article 14, Executive shall be deemed to be
                  subject to the highest effective marginal rate of Taxes.

                           The Executive or the Company may at any time request
                 the preparation and delivery to the Executive of a Company
                 Certificate. The Company shall, in addition to complying with
                 Article 14.2, cause all determinations and certifications
                 under the Article to be made as soon as reasonably possible
                 and in adequate time to permit the Executive to prepare and
                 file the Executive's individual tax returns on a timely basis.

                  14.2     Determination by the Executive.

                           (a)      If the Company shall fail to deliver a
                  Company Certificate to the Executive (and to pay to the
                  Executive the amount of the Gross-up Payment, if any) within
                  14 days after receipt from the Executive of a written request
                  for a Company Certificate, or if at any time following
                  receipt of a Company Certificate the Executive disputes the
                  amount of the Gross-up Payment set forth therein, the
                  Executive may elect to demand the payment of the amount which
                  the Executive, in accordance with an opinion of counsel to
                  the Executive ("Executive Counsel Opinion") (as defined in
                  Article 14.5, below), determines to be the Gross-up Payment.
                  Any such demand by the Executive shall be made by delivery to
                  the Company of a written notice which specifies the Gross-up
                  Payment determined by the Executive and an Executive Counsel
                  Opinion regarding such Gross-up Payment (such written notice
                  and opinion collectively, the "Executive's Gross-Up

                                     -17-
<PAGE>
                  Determination"). Within 14 days after delivery of the
                  Executive's Determination to the Company, the Company shall
                  either (1) pay the Executive the Gross-up Payment set forth
                  in the Executive's Gross-up Determination (less the portion
                  of such amount, if any, previously paid to the Executive by
                  the Company) or (2) deliver to the Executive a Company
                  Certificate specifying the Gross-up Payment determined by the
                  Company's independent auditors, together with an opinion of
                  the Company's counsel ("Company Counsel Opinion" (as defined
                  in Article 14.5, below)), and pay the Executive the Gross-up
                  Payment specified in such Company Certificate. If for any
                  reason the Company fails to comply with clause (2) of the
                  preceding sentence, the Gross-up Payment specified in the
                  Executive's Gross-up Determination shall be final, binding
                  and controlling for all purposes.

                           (b)      If the Executive does not make a request
                  for, and the Company does not deliver to the Executive, a
                  Company Certificate, the Company shall be deemed to have
                  determined that no Gross-up Payment is due; provided that the
                  absence of such request by Executive or the Company
                  Certificate by the Company shall not preclude Executive from
                  making such request at any future date.

                  14.3     Additional Gross-up Amounts. If, despite the initial
         conclusion of the Company and/or the Executive that certain Payments
         are either not subject to Excise Taxes or not to be counted in
         determining whether other Payments are subject to Excise Taxes (any
         such item, a "Non-Parachute Item"), it is later determined (pursuant
         to the subsequently-enacted provisions of the Code, final regulations
         or published rulings of the IRS, final judgment of a court of
         competent jurisdiction or the Company's independent auditors that any
         of the Non-Parachute Items are subject to Excise Taxes, or are to be
         counted in determining whether any Payments are subject to Excise
         Taxes, with the result that the amount of Excise Taxes payable by the
         Executive is greater or the amount of the Excise Taxes due are greater
         for any other reason than the amount determined by the Company or the
         Executive pursuant to Article 14.1 or 14.2, as applicable, then the
         Company shall pay the Executive an amount (which shall also be deemed
         a Gross-up Payment) equal to the product of

                           (a)      the sum of (1) such additional Excise Taxes
                  and (2) any interest, fines, penalties, expenses or other
                  costs incurred by the Executive as a result of having taken a
                  position in accordance with a determination made pursuant to
                  Article 14.1

                  multiplied by

                           (b)      the Gross-up Multiple.

                  14.4.    Gross-up Multiple. The Gross-up Multiple shall equal
         a fraction, the numerator of which is one (1.0), and the denominator
         of which is one (1.0) minus the sum, expressed as a decimal fraction,
         of the effective marginal rates of all federal, state, local and other
         income and other taxes and any Excise Taxes applicable to the Gross-up
         Payment; provided that, if such sum exceeds 0.8, it shall be deemed
         equal to 0.8 for purposes of this computation. (If different effective
         marginal rates of tax are applicable to various portions of a Gross-up
         Payment, the weighted average of such rates shall be used.)

                                     -18-
<PAGE>
                  14.5     Opinion of Counsel. "Executive Counsel Opinion"
         means a legal opinion of nationally recognized executive compensation
         counsel that there is a reasonable basis to support a conclusion that
         the Gross-up Payment determined by the Executive has been calculated
         in accord with this Article and applicable law. "Company Counsel
         Opinion" means a legal opinion of nationally recognized executive
         compensation counsel that (a) there is a reasonable basis to support a
         conclusion that the Gross-up Payment set forth in the Company
         Certificate of Company's independent auditors has been calculated in
         accord with this Article and applicable law, and (b) there is no
         reasonable basis for the calculation of the Gross-up Payment
         determined by the Executive.

                  14.6     Amount Increased or Contested. The Executive shall
         notify the Company in writing of any claim by the IRS or other taxing
         authority that, if successful, would require the payment by the
         Company of a Gross-up Payment. Such notice shall include the nature of
         such claim and the date on which such claim is due to be paid. The
         Executive shall give such notice as soon as practicable, but no later
         than 10 business days, after the Executive first obtains actual
         knowledge of such claim; provided, however, that any failure to give
         or delay in giving such notice shall affect the Company's obligations
         under this Article only if and to the extent that such failure results
         in actual prejudice to the Company. The Executive shall not pay such
         claim less than 30 days after the Executive gives such notice to the
         Company (or, if sooner, the date on which payment of such claim is
         due). If the Company notifies the Executive in writing before the
         expiration of such period that it desires to contest such claim, the
         Executive shall:

                           (a)      give the Company any information that it
                  reasonably requests relating to such claim,

                           (b)      take such action in connection with
                  contesting such claim as the Company reasonably requests in
                  writing from time to time, including, without limitation,
                  accepting legal representation with respect to such claim by
                  an attorney reasonably selected by the Company,

                           (c)      cooperate with the Company in good faith to
                  contest such claim, and

                           (d)      permit the Company to participate in any
                  proceedings relating to such claim;

         provided, however, that the Company shall bear and pay directly all
         costs and expenses (including additional interest and penalties)
         incurred in connection with such contest and shall indemnify and hold
         the Executive harmless, on an after-tax basis, for any Excise Tax or
         income tax, including related interest and penalties, imposed as a
         result of such representation and payment of costs and expenses.
         Without limiting the foregoing, the Company shall control all
         proceedings in connection with such contest and, at its sole option,
         may pursue or forego any and all administrative appeals, proceedings,
         hearings and conferences with the taxing authority in respect of such
         claim and may, at its sole option, either direct the Executive to pay
         the tax claimed and sue for a refund or contest the claim in any
         permissible manner. The Executive agrees to prosecute such contest to
         a determination before any administrative tribunal, in a court of
         initial jurisdiction and in

                                     -19-
<PAGE>
         one or more appellate courts, as the Company shall determine;
         provided, however, that if the Company directs the Executive to pay
         such claim and sue for a refund, the Company shall advance the amount
         of such payment to the Executive, on an interest-free basis and shall
         indemnify the Executive, on an after-tax basis, for any Excise Tax or
         Taxes, including related interest or penalties, imposed with respect
         to such advance; and further provided that any extension of the
         statute of limitations relating to payment of Taxes for the taxable
         year of the Executive with respect to which such contested amount is
         claimed to be due is limited solely to such contested amount. The
         Company's control of the contest shall be limited to issues with
         respect to which a Gross-up Payment would be payable. The Executive
         shall in Executive's discretion be entitled to settle or contest, as
         the case may be, any other issue raised by the IRS or other taxing
         authority.

                  14.7     Refunds. If, after the receipt by the Executive of
         an amount paid or advanced by the Company pursuant to Article 14.1,
         14.3 and/or 14.6, the Executive becomes entitled to receive any refund
         with respect to such claim or amount, the Executive shall (subject to
         the Company's complying with the requirements of Article 14.6)
         promptly pay the Company the amount of such refund (together with any
         interest paid or credited thereon after taxes applicable thereto). If,
         after the receipt by the Executive of an amount paid or advanced by
         the Company pursuant to Article 14.1, 14.3 and/or 14.6, a
         determination is made that the Executive shall not be entitled to any
         refund with respect to such claim and the Company does not notify the
         Executive in writing of its intent to contest such determination
         before the earlier of (a) the expiration of 30 days after such
         determination or (b) the date such determination becomes final and
         non-appealable, then such advance shall be forgiven and shall not be
         required to be repaid. Any contest of a denial of refund shall be
         controlled by Article 14.6.

10.      Article 15 of the Agreement shall be amended to read as follows:

                  15.1     Professional Fees. The Company shall be responsible
         for paying all professional fees (including but not limited to
         attorneys fees and related costs) incurred by the Executive in
         connection with his employment with the Company in an amount not to
         exceed $100,000, without approval of the Company; provided, however,
         that (a) any such fees charged on behalf of the Executive in
         conjunction with or related to any negotiation of this Agreement or
         any subsequent or related agreement(s) (or any amendment(s) thereto)
         shall also be the responsibility of the Company but shall count
         against said $100,000 amount and (b) any such professional fees of the
         Executive which the Company would otherwise pay pursuant to its
         policies and practices as to senior executives shall remain the
         responsibility of the Company but shall not count against said
         $100,000 amount.

                  15.2     Additional Professional Fees-Prior to Change. In the
         event that prior to a Change of Control the Executive incurs any
         professional fees (including but not limited to attorneys fees and
         related costs) in protecting or enforcing his rights under this
         Agreement or under any employee benefit plans or programs sponsored by
         the Company in which the Executive is a participant, the Company shall
         reimburse the Executive for such reasonable professional fees and for
         any other reasonable expenses related thereto. Such reimbursement
         shall be made within thirty (30) days following final resolution of
         the dispute or occurrence giving rise to such fees and expenses.

                                     -20-
<PAGE>
                  15.3     Additional Professional Fees On Or After Change. If
         Executive incurs legal fees or other expenses (including expert
         witness and accounting fees) on or after the date of a Change of
         Control or the Imminent Change Date, in an effort to interpret this
         Agreement or to secure, preserve, establish entitlement to, or obtain
         benefits under this Agreement (including the fees and other expenses
         of Executive's legal counsel in connection with the delivery of an
         Executive Counsel Opinion), the Company shall, regardless of the
         outcome of such effort, reimburse Executive on a current basis (in
         accordance with this Article 15.3 for such fees and expenses, and
         shall also pay Executive an additional payment such that, after
         payment of all Taxes and Excise Taxes on such amount, there remains a
         balance sufficient to pay all such fees and other expenses.

                           (a)      Reimbursement of legal fees and expenses
                  and gross-up payments shall be made monthly within ten (10)
                  days after Executive's written submission of a request for
                  reimbursement together with evidence that such fees and
                  expenses were incurred.

                           (b)      If Executive does not prevail (after
                  exhaustion of all available judicial remedies) in respect of
                  a claim by Executive or by the Company hereunder, and the
                  Company establishes before a court of competent jurisdiction,
                  by clear and convincing evidence, that Executive had no
                  reasonable basis for his claim hereunder, or for his response
                  to the Company's claim hereunder, or acted in bad faith, no
                  further reimbursement for legal fees and expenses shall be
                  due to Executive in respect of such claim and Executive shall
                  refund any amounts previously reimbursed hereunder with
                  respect to such claim.

                           (c)      If there is a dispute between the Executive
                  and the Company as to Executive's rights to reimbursement of
                  legal or other fees and expenses under this Agreement or the
                  amount of such reimbursement, any amount of reimbursement
                  requested by Executive and accompanied by a legal opinion of
                  a nationally recognized executive compensation counsel that
                  such amount should be paid under the Agreement shall be
                  final, binding and controlling on the Company unless and to
                  the extent the Company establishes otherwise by clear and
                  convincing evidence.

                           (d)      If the Company does not pay any amount due
                  to Executive under this Agreement within five business days
                  after such amount first became due and owing, interest shall
                  accrue on such amount from the date it became due and owing
                  until the date of payment at an annual rate equal to 200
                  basis points above the base commercial lending rate published
                  in The Wall Street Journal in effect from time to time during
                  the period of such nonpayment.

                  15.4.    Interest. If the Company does not pay any amount due
         to Executive under this Agreement within five business days after such
         amount first became due and owing, interest shall accrue on such
         amount from the date it became due and owing until the date of payment
         at an annual rate equal to 200 basis points above the base commercial
         lending rate published in The Wall Street Journal in effect from time
         to time during the period of such nonpayment.

                                     -21-
<PAGE>
         11.      Article 30 of the Agreement shall be amended by adding the
following sentence to the end of Article 30 to read as follows.

                  This Agreement (including the Amended and Restated Executive
                  Deferred Compensation and Buyout Plan) also supercedes and
                  replaces any and all prior understandings or arrangements
                  (whether written or oral) regarding the Change-of-Control
                  Employment Agreement.

         12.      A new Article 31 shall be added to the Agreement to read as
follows:

         ARTICLE 31. ADDITIONAL OBLIGATIONS UPON A CHANGE OF CONTROL.

                  31.2     Unfunded Deferred Compensation. Upon a Change of
         Control, Executive shall become fully vested in all benefits
         previously accrued under any deferred compensation Plan (including any
         supplemental executive retirement Plan that is a Non-Qualified Plan
         ("SERP")) that is not qualified under Section 401(a) of the Code (a
         "Non-Qualified Plan"). Within thirty (30) business days after the date
         of the Change of Control, the Company shall pay to Executive a
         lump-sum cash amount equal to:

                           (a)      the sum of the Lump-Sum Values of all
                  Maximum Annuities that are payable pursuant to all defined
                  benefit Non-Qualified Plans, plus

                           (b)      the sum of Executive's account balances
                  under all defined contribution Non-Qualified Plans;

         provided, however, that if, at any time prior to the date of the
         Change of Control, Executive delivers to the Company an irrevocable
         election to waive Executive's right to receive the payments described
         in this Article 31.2 (an "Irrevocable Election"), then (i) Executive
         shall not receive the payments described in this Article 31.2, (ii)
         Executive's account balances under each defined contribution
         Non-Qualified Plan shall continue to be credited with investment
         earnings in accordance with the terms of such Non-Qualified Plan
         during Executive's period of employment following the date of the
         Change of Control, and (iii) at the earlier of (x) the date(s)
         provided in each such Non-Qualified Plan and (y) 30 days after
         Executive's Termination Date, the Company shall pay, or cause to be
         paid, to Executive a lump-sum cash payment equal to the sum of the
         Lump-Sum Value(s) of all Maximum Annuities that are payable pursuant
         to all defined benefit Non-Qualified Plans and the sum of Executive's
         account balances under all defined contribution Non-Qualified Plans.

                  31.3     Pro-Rata Annual Bonus. Within thirty (30) days after
         the date of the Change of Control, the Company shall pay Executive a
         lump-sum cash payment equal to the Pro-Rata Annual Bonus determined as
         of the date of the Change of Control.

                  31.4     Equity Incentives. Upon a Change of Control,
         Executive shall become fully vested in and may thereafter exercise in
         whole or in part all outstanding stock options, stock appreciation
         rights, or similar awards and (ii) shall become fully vested in and
         receive an immediate transfer of all shares of restricted stock,
         deferred stock and similar awards.

                                     -22-
<PAGE>
                  31.5     Performance Shares. If a Change of Control occurs
         during any performance period relating to a grant of performance
         shares, the Company shall upon the Change of Control pay to the
         Executive with respect to each performance share with respect to which
         the performance period has not ended as of the date of the Change of
         Control the award that would be payable to the Executive upon
         achieving maximum performance goals.

         13.      A new Article 32 shall be added to the Agreement to read as
follows:

         ARTICLE 32. MISCELLANEOUS PROVISIONS.

                  32.1     No Set-Off or Mitigation. Executive's right to
         receive when due the payments and other benefits provided for under
         this Agreement is absolute, unconditional and not subject to set-off,
         counterclaim or legal or equitable defense. Time is of the essence in
         the performance by the Company of its obligations under this
         Agreement. Any claim which the Company may have against Executive,
         whether for a breach of this Agreement or otherwise, shall be brought
         in a separate action or proceeding and not as part of any action or
         proceeding brought by Executive to enforce any rights against the
         Company under this Agreement. Executive shall not have any duty to
         mitigate the amounts payable by the Company under this Agreement by
         seeking new employment or self-employment following termination.
         Except as specifically otherwise provided in this Agreement, all
         amounts payable pursuant to this Agreement shall be paid without
         reduction regardless of any amounts of salary, compensation or other
         amounts which may be paid or payable to Executive as the result of
         Executive's employment by another employer or self-employment.

                  32.2     No Deference. Unless otherwise expressly provided in
         this Agreement, no determination pursuant to, or interpretation of,
         this Agreement made by the board of directors (or any committee
         thereof) of the Company or any Successor Corporation following a
         Change of Control or Imminent Change Date shall be entitled to any
         presumptive validity or other deference in connection with any
         judicial or administrative proceeding relating to or arising under
         this Agreement. Prior to a Change of Control or Imminent Change Date,
         no inference as to deference should be drawn from this provision.

                  32.3     Waiver of Certain Other Rights. To the extent that
         payments are made to Executive pursuant to Article 11(d)(i), Executive
         hereby waives the right to receive severance payments or severance
         benefits under any other severance Plan, agreement or Policy of the
         Company. To the extent that payments are made to Executive as required
         by Article 11(d)(ii), Executive hereby waives the right to receive
         payments or benefits under any Non-Qualified Plan of the Company that
         have been accrued as of the Termination Date.

                  32.4     Other Rights. Except as expressly provided in
         Article 32.3, this Agreement shall not prevent or limit Executive's
         continuing or future participation in any benefit, bonus, incentive or
         other Plans provided by the Company and for which Executive may
         qualify, nor shall this Agreement limit or otherwise affect such
         rights as Executive may have under any other agreements with the
         Company. Amounts which are vested benefits or which Executive is
         otherwise entitled to receive under any Plan and

                                     -23-
<PAGE>
         any other payment or benefit required by law at or after the
         Termination Date shall be payable in accordance with such Plan or
         applicable law except as expressly modified by this Agreement.

                  32.5     Successors. This Agreement shall inure to the
         benefit of and be binding upon the Company and its successors and
         assigns. The Company will require any successor (whether direct or
         indirect, by purchase, merger, consolidation or otherwise) to all or
         substantially all of the business or assets of the Company or any
         Parent Corporation of any successor (whether direct or indirect) by
         purchase, merger, consolidation or otherwise to all or substantially
         all of the business assets of the Company, to assume expressly and
         agree to perform this Agreement in the same manner and to the same
         extent that the Company would be required to perform it if no such
         succession had taken place. Any successor to the business or assets of
         the Company which assumes or agrees to perform this Agreement by
         operation of law, contract, or otherwise shall be jointly and
         severally liable with the Company under this Agreement as if such
         successor were the Company.

                  32.6     No Waiver. Executive's failure to insist upon strict
         compliance with any provision of this Agreement shall not be deemed a
         waiver of such provision or any other provision of this Agreement. A
         waiver of any provision of this Agreement shall not be deemed a waiver
         of any other provision, and any waiver of any default in any such
         provision shall not be deemed a waiver of any later default thereof or
         of any other provision.

         14.      For purposes of this Agreement, the terms specified below
shall have the following meanings:

                  A.       "Plan" means plans, programs or Policies of the
         Company.

                  B.       "Policies" means policies, practices or procedures
         of the Company.

                  C.       "Taxes" means federal, state, local or other income
         or other taxes.

                                     -24-
<PAGE>
         15.      Except as specifically provided herein, this Amendment shall
not be interpreted to amend or modify the Agreement in any way and the Company
and the Executive hereby ratify and affirm all provisions of the Agreement as
of the date hereof.

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

RUSSELL CORPORATION                             EXECUTIVE

By: /s/ Robert D. Martin                        /s/ John F. Ward
   ----------------------------                 -------------------------------
Its:  Senior Vice President                     JOHN F. WARD

                                                WITNESS:

Attest: /s/ Floyd G. Hoffman                    /s/ Joyce I. Knox
       ------------------------                 -------------------------------
        Secretary

                                     -25-

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