Document:

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                                                                   EXHIBIT 10.35

                                   VANS, INC.
                              EMPLOYMENT AGREEMENT

        THIS EMPLOYMENT AGREEMENT ("Agreement" herein) is entered into as of
June 1, 2002, by and between VANS, INC., a Delaware corporation (the "Company"),
and WALTER E. SCHOENFELD, a Washington resident ("Employee").

        1. Employment and Duties. The Company hereby employs Employee as
Chairman of the Board of the Company on the terms and subject to the conditions
contained in this Agreement. Employee shall be responsible for the coordination
of the duties of the Company's President and Chief Executive Officer in the
formulation of the Company's overall strategic direction, and shall Chair,
organize and direct all meetings of the Board of Directors. Employee hereby
accepts such employment and agrees to perform in good faith and to the best of
Employee's ability all services which may be required of Employee hereunder.
Employee hereby acknowledges and understands the duties and services that are
expected of him hereunder, and he hereby represents that he has the experience
and knowledge to perform such duties and services. Employee shall be based at
the Company's office in Seattle, Washington, and agrees to travel to the
Company's corporate offices in California as necessary to fulfill his duties
hereunder.

        2. Term of Employment. The term of this Agreement shall commence as of
the date hereof and shall terminate on December 31, 2003. AS PROVIDED FURTHER IN
PARAGRAPH 11.1 BELOW, THIS AGREEMENT CONSTITUTES AN EMPLOYMENT AT-WILL THAT MAY
BE TERMINATED AT ANY TIME BY COMPANY OR EMPLOYEE, WITH OR WITHOUT CAUSE,
NOTWITHSTANDING THE EIGHTEEN-MONTH TERM OF THIS AGREEMENT. IF EMPLOYEE IS
TERMINATED WITHOUT CAUSE DURING THE TERM HEREOF, OR AFTER A "CHANGE IN
MANAGEMENT OR CONTROL," AS DEFINED IN PARAGRAPH 11.5 BELOW, OR TERMINATES THIS
AGREEMENT FOR "GOOD REASON," AS DEFINED IN PARAGRAPH 11.3 BELOW, EMPLOYEE'S SOLE
REMEDY SHALL BE THE COMPENSATION SET FORTH IN PARAGRAPH 11.4 BELOW.

Initial /s/ CEG                                   Initial  /s/ WES
        --------------                                   ---------------
        Representative                                   Employee
        of the Company

        3. Salary Compensation. As salary compensation for Employee's services
hereunder and all the rights granted hereunder by Employee to the Company, the
Company shall pay Employee a gross salary of no less than $288,000.00 per annum.
Employee's salary shall be payable in bi-weekly increments in accordance with
the Company's payroll practices for salaried employees, upon the condition that
Employee fully and faithfully performs Employee's services hereunder in
accordance with the

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terms and conditions of this Agreement. The Company shall deduct and withhold
from the compensation payable to Employee hereunder any and all amounts required
to be deducted or withheld by the Company under the provisions of any statute,
regulation, ordinance, or order and any and all amendments hereinafter enacted
requiring the withholding or deducting from compensation payable to employees.

        4. Expense Reimbursement. Employee shall be reimbursed by the Company
for all traveling, hotel, entertainment and other expenses that are properly
incurred by Employee.

        5. Death or Disability of Employee.

           5.1 General. In the event of Employee's death or "disability" (as
such term is defined in Paragraph 5.2 hereof) while in the employ of the
Company, this Agreement shall terminate upon the date of death or disability and
the Company shall thereafter be required to make payments and provide benefits
to Employee as provided in Paragraph 11.2 hereof. If Employee shall recover from
such disability prior to the expiration date of the Agreement, this Agreement
and Employee's employment hereunder shall be reinstated for the balance of the
term of this Agreement.

           5.2 Definition of Disability. Employee shall be deemed disabled if,
in the sole opinion of the Company, Employee is unable to substantially perform
the services required of Employee hereunder for a period in excess of 120
consecutive work days or 120 work days during any 180 work day period. In such
event, Employee shall be deemed disabled as of such 120th workday.

        6. Restrictive Covenant. During the term of this Agreement, Employee
shall (i) devote substantially all of his full time and energy to the
performance of his duties described herein; (ii) not directly or indirectly
provide services to or through any company or firm except the Company unless
otherwise instructed by the Company; (iii) not directly or indirectly own,
manage, operate, join, control, contribute to, or participate in the ownership,
management, operation or control of or be employed by or connected in any manner
with any enterprise which is engaged in any business competitive with or similar
to that of the Company; and (iv) not render any services of any kind or
character for Employee's own account of for any other person, firm or
corporation without first obtaining the Company's consent in writing; provided,
however, Employee shall have the right to perform such incidental services as
are necessary in connection with Employee's (a) private passive investments
where he is not obligated or required to, and shall not in fact, devote any
managerial efforts, as long as such investments are not in companies which are
in competition in any way with the Company; or (b) charitable or community
activities, or in trade or professional organizations, provided that such
incidental services do not interfere with the performance of Employee's services
hereunder.

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        7. Non-Solicitation. Employee shall not, during the full term of this
Agreement and for a period of one (1) year thereafter, for himself or on behalf
of any other person, partnership, corporation or entity, directly or indirectly,
or by action in concert with others, solicit, induce, suggest or encourage any
person known to him to be an employee of the Company or any affiliate of the
Company to terminate his or her employment or other contractual relationship
with the Company or any of its affiliates.

        8. Trade Secrets and Related Matters

           8.1 Definitions. For purpose of this Section 8:

               (a) "Records" means material and confidential files, accounts,
records, log books, documents, drawings, sketches, designs, diagrams, models,
plans, blueprints, specifications, manuals, books, forms, notes, reports,
memoranda, studies, surveys, software, flow charts, data, computer programs,
listing of source code, calculations, recordings, catalogues, compilations of
information, correspondence, confidential data of customers and all copies,
abstracts or summaries of the foregoing in any storage medium, as well as
instruments, tools, storage devices, disks, equipment and all other physical
items related to the business of the Company (other than merely personal items
of a general professional nature), whether prepared by Employee or not.

               (b) "Trade Secrets" means confidential business or technical
information or trade secrets of the Company which Employee acquires while
employed by the Company, whether or not conceived of, developed or prepared by
Employee or at his direction and includes:

                   (i) Any information or compilation of information concerning
the Company's financial position, financing, purchasing, accounting, marketing,
merchandising, sales, salaries, pricing, investments, costs, profits, plans for
future development, employees, prospective employees, research, development,
formulae, patterns, inventions, plans, specifications, devices, products,
procedures, processes, operations, techniques, software, computer programs or
data;

                   (ii) Any information or compilation of information concerning
the identity, plans, requirements, preferences, practices and methods of doing
business on specific customers, suppliers, prospective customers and prospective
suppliers of the Company;

                   (iii) Any other information or "know how" which is related to
any product, process, service, business or research of the Company; and

                   (iv) Any information which the Company acquires from another
party and treats as its proprietary information or designates as "Confidential,"
whether or not owned or developed by the Company.

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        Notwithstanding the foregoing, "Trade Secrets" do not include any of the
following:

                   (i) Information which is publicly known or which is generally
employed by the trade, whether on or after the date that Employee first acquires
the information;

                   (ii) General information or knowledge which Employee would
have learned in the course of similar work elsewhere in the trade; or

                   (iii) Information which Employee can prove was known by
Employee before the commencement of Employee's engagement by the Company;

           8.2 Acknowledgments. Employee acknowledges that:

               (a) Employee's relationship with the Company will be a
confidential relationship in which Employee will have access to and may create
Trade Secrets.

               (b) The Company uses the Trade Secrets in its business to obtain
a competitive advantage over its competitors who do not know or use that
information.

               (c) The protection of the Trade Secrets against unauthorized
disclosure or use is of critical importance in maintaining the competitive
position of the Company.

           8.3 Protection of Trade Secrets. Employee shall not at any time,
without the prior written consent of the Company, which may be withheld by it in
its sole and absolute discretion, use any Trade Secret in any way except in
connection with duties to the Company.

           8.4 Records.

               (a) Ownership. All Records are and shall remain the exclusive
property of the Company.

               (b) Return of Records. At the termination of this Agreement,
Employee shall promptly return to the Company all Records in Employee's
possession or over which Employee has control.

           8.5 Prohibited Use of Trade Secrets. During the term of this
Agreement and for 12 months following termination of this Agreement, Employee
shall

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not undertake any employment or consulting relationship (the "New Activity") if
the loyal and complete fulfillment of his duties in the New Activity would
inherently call upon Employee to reveal any material Trade Secret which would
likely have a material adverse effect on the Company.

        9. Ownership of Material and Ideas. Employee agrees that all material,
ideas, and inventions pertaining to the business of the Company or of any client
of the Company, including but not limited to, all patents and copyrights thereon
and renewals and extensions thereof, trademarks and trade names, belong solely
to the Company. Employee hereby assigns any rights he may have to any such
property to the Company, and agrees to execute and deliver any documents which
evidence such assignment.

        10. Benefits. The Company shall pay the premiums for the health plans of
which Employee is a member and all health-related expenses which are not covered
by such plans. The Company shall lease for Employee, or reimburse Employee for
leasing, a Lexus-class automobile. In addition, if Employee is required to
travel on behalf of the Company, he shall be entitled to have his spouse
accompany him, and her reasonable travel expenses shall be considered to be
expenses properly and necessarily incurred by Employee in the discharge of his
duties hereunder, and shall be reimbursed by the Company. The Company shall pay
for the expense of maintaining office space and secretarial support in Seattle,
Washington for purposes of Employee conducting Company business in such
location. The Company also shall pay the annual dues of Employee for one (1)
country club.

        11. Termination.

            11.1 "At Will" Employment. This Agreement, and Employee's
employment, is at will, and the Company may, with or without notice, terminate
this Agreement and all of the Company's obligations hereunder with or without
"Cause." Employee may also terminate this Agreement at any time, for any reason,
upon the giving of thirty (30) days' written notice to the Company; provided,
however, the Company may waive all or any portion of such notice period in its
sole and absolute discretion. Termination by the Company for "Cause" means
termination due to (i) Employee's conviction of a felony (which, through the
lapse of time or otherwise is not subject to appeal); (ii) Employee's material
refusal without proper cause to perform adequately his obligations under this
Agreement or follow the instructions of his supervisor(s), after reasonable
written notice and an opportunity to cure within thirty (30) days of Employee's
receipt of such notice; (iii) Employee's knowing material breach of his
fiduciary duty of loyalty as an executive officer of the Company; (iv)
Employee's material failure to adhere to the code of conduct and rules set forth
in the Company's Employee Handbook, as amended or in existence from time to
time, after reasonable written notice and an opportunity to cure within thirty
(30) days of Employee's receipt of such notice; (v) the death or disability of
Employee; or (vi) the

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voluntary termination by Employee of his employment, except for "Good Reason"
(as defined in Paragraph 11.3 hereof).

            11.2 Termination for Cause. Upon termination for Cause, the Company
shall only be required to pay Employee (i) accrued salary compensation due to
Employee as compensation for services rendered hereunder and not previously
paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses
incurred by Employee in connection with his duties hereunder and approved
pursuant to Section 4 hereof, all through the date of termination. Employee
shall not be entitled to any severance compensation; unvested bonus
compensation, or any other compensation, benefits or reimbursement of any kind.
Notwithstanding the foregoing, in the event the Cause for termination of this
Agreement is the death or disability of Employee, the Company shall pay
Employee's salary and other benefits hereunder for a period of two (2) years
from the date of death or disability. Employee or Employee's estate shall have
the option, in his or its sole discretion, to receive such payments in one lump
sum.

            11.3 Termination for "Good Reason." Employee may terminate this
Agreement for "Good Reason" (as hereinafter defined) upon thirty (30) days
written notice to the Company. The term "Good Reason" means: (i) Employee is not
appointed or is removed from the position of Chairman of the Board without Cause
during the term of this Agreement; (ii) without Employee's written consent, any
material change to the duties defined in Section 1 hereof; (iii) without
Employee's written consent, a change in office location which necessitates
relocation of his residence; (iv) a "Change in Management or Control" has
occurred (as defined in Section 11.5); or (v) Vans has materially breached this
Agreement and failed to cure such breach within thirty (30) days of its receipt
of written notice thereof. Unless Employee terminates this Agreement within one
year of learning from any source that the Company has acted so as to provide
Good Reason for Employee to terminate this Agreement (or three years if the Good
Reason is a Change in Management or Control), and gives thirty (30) days'
written notice of such termination, Employee's right to receive severance
compensation for terminating this Agreement for Good Reason pursuant to the
terms of Paragraph 11.4 shall be forever lost.

            11.4 Severance Compensation. In the event (i) Employee terminates
this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; or (ii)
Employee is terminated without Cause, the Company shall be obligated to pay
severance compensation to Employee in an amount equal to his salary compensation
(at the rate payable at the time of such termination) for the remaining term of
the Agreement. In the event Employee is terminated without Cause, or terminates
this Agreement for Good Reason, within three (3) years of a "Change in
Management or Control" (as such term is defined in Paragraph 11.5 hereof), the
Company shall be obligated to pay severance compensation to Employee in an
amount equal to 2.99 times Employee's then current salary compensation and such
severance compensation shall be "grossed up" for all federal and state taxes
payable thereon. Employee shall have the option, in his sole discretion, to
receive such severance compensation in one

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lump sum. In addition to the foregoing severance compensation, the Company shall
pay Employee (i) all compensation for services rendered hereunder and not
previously paid; (ii) accrued vacation pay; and (iii) any appropriate business
expenses incurred by Employee in connection with his duties hereunder and
approved pursuant to Section 4 hereof, all through the date of termination.

            11.5 Definition of "Change in Management or Control." The term
"Change in Management or Control" means the occurrence, in a single transaction
or in a series of related transactions, of (i) a merger, consolidation or
similar transaction involving (directly or indirectly) the Company and,
immediately after the consummation of such merger, consolidation or similar
transaction, the stockholders of the Company immediately prior thereto do not
own, directly or indirectly, outstanding voting securities representing more
than fifty percent (50%) of the combined outstanding voting power of the
surviving entity in such merger, consolidation or similar transaction or more
than fifty percent (50%) of the combined outstanding voting power of the parent
of the surviving entity in such merger, consolidation or similar transaction;
(ii) a sale, lease, license or other disposition of all or substantially all of
the consolidated assets of the Company and its subsidiaries, other than a sale,
lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its subsidiaries to an entity, of more
than fifty percent (50%) of the combined voting power of the voting securities
of which are owned by stockholders of the Company in substantially the same
proportions as their ownership of the Company immediately prior to such sale,
lease, license or other disposition; or (iii) the acquisition by any Person
(other than any employee benefit plan, or related trust, sponsored or maintained
by the Company or any affiliate of the Company) as Beneficial Owner (as "Person"
and "Beneficial Owner" are defined in the Securities Exchange Act of 1934, as
amended, or the rules and regulations thereunder), directly or indirectly, of
securities of the Company representing 20 percent (20%) or more of the total
voting power represented by the Company's then outstanding voting securities.
For purposes of this definition, the term "affiliate" shall mean any Person that
controls the Company, is controlled by the Company, or is under common control
with the Company within the meaning of Rule 405 promulgated under the Securities
Act of 1933, as amended.

            11.6 Exclusive Remedy. The payments referred to in this Section 11
shall be exclusive and shall be the only remedy available to Employee for
termination of his employment with the Company, regardless of the circumstances,
reasons or motivation for any such termination. If Employee gives notice of
termination of this Agreement, or if it becomes known that this Agreement will
otherwise terminate in accordance with its provisions, the Company may, in its
sole discretion, relieve Employee of his duties under this Agreement or assign
Employee other duties and responsibilities to be performed until the termination
becomes effective.

        12. Key Man Life Insurance. During the term of this Agreement, the
Company may at any time effect insurance on Employee's life and/or health in
such amounts and in such form as the Company may in its sole discretion decide.
Employee

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shall not have any interest in such insurance, but shall, if the Company
requests, submit to such medical examinations, supply such information and
execute such documents as may be required in connection with, or so as to enable
the Company to effect, such insurance.

        13. Vacation. Employee shall have the right during each one year period
of the term of this Agreement to take an aggregate of three weeks of vacation,
with pay, at such times as are mutually convenient to Employee and to the
Company.

        14. Notices. Any and all notices, demands or other communications
required or desired to be given hereunder by any party shall be in writing and
shall be validly given or made to another party if given by personal delivery,
telex, facsimile, telegram or if deposited in the United States mail, certified
or registered, postage prepaid, return receipt requested. If such notice, demand
or other communication is given by personal delivery, telex, facsimile or
telegram, service shall be conclusively deemed made at the time of such personal
service. If such notice, demand or other communication is given by mail, such
notice shall be conclusively deemed given forty-eight (48) hours after the
deposit thereof in the United States mail addressed to the party to whom such
notice, demand or other communication is to be given as hereinafter set forth:

        To the Company:      VANS, INC.
                             15700 Shoemaker Avenue
                             Santa Fe Springs, California 90670
                             Attn: General Counsel
                             562/565-8413 - facsimile

        To Employee:         Walter E. Schoenfeld
                             7374 S.E. 71st Street
                             Mercer Island, Washington 98040

Any party hereto may change his or its address for the purpose of receiving
notices, demands and other communications as herein provided by a written notice
given in the manner aforesaid to the other party or parties hereto.

        15. Applicable Law and Severability. This Agreement shall, in all
respects, be governed by the laws of the State of California applicable to
agreements executed and to be wholly performed within the State of California.
Nothing contained herein shall be construed so as to require the commission of
any act contrary to law, and wherever there is any conflict between any
provision contained herein and any present or future statute, law, ordinance or
regulation contrary to which the parties have no legal right to contract, the
latter shall prevail but the provision of this Agreement which is affected shall
be curtailed and limited only to the extent necessary to bring it within the
requirements of the law.

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        16. Attorneys' Fees. In the event any action is instituted by a party to
enforce any of the terms and provisions contained herein, the prevailing party
in such action shall be entitled to such reasonable attorneys' fees, costs and
expenses as may be fixed by the Court.

        17. Modifications or Amendments. No amendment, change or modification of
this Agreement shall be valid unless in writing and signed by all of the parties
hereto. Further, any amendment, change or modification of this Agreement
(including but not limited to the at-will nature of this Agreement as set forth
in Section 2 and Paragraph 11.1 hereof) must be approved in advance by the Board
of Directors of Company and reflected in the minutes of such Board's meetings or
in an action by unanimous written consent.

        18. Successors and Assigns. All of the terms and provisions contained
herein shall inure to the benefit of and shall be binding upon the parties
hereto and their respective heirs, personal representatives, successors and
assigns.

        19. Entire Agreement. This Agreement constitutes the entire
understanding and agreement of the parties with respect to the subject matter of
this Agreement, and any and all prior agreements, understandings or
representations are hereby terminated and canceled in their entirety and are of
no further force or effect, including but not limited to that certain Employment
Agreement, dated as of December 1, 1995, as amended.

        20. Counterparts. This Agreement may be executed in counterparts.

        21. Arbitration of Employment Disputes. All disputes or controversies
arising out of the employment relationship between Employee and the Company,
including claims by the Company against Employee, and claims by Employee against
the Company, including but not limited to claims for wrongful termination;
violations of Title VII of the Civil Rights Act of 1964, as amended; violations
of the Americans with Disabilities Act of 1990; or claims for violations of any
State law, rule or regulation regarding discrimination, harassment or other
wrongful conduct, shall be decided by a single arbitrator in a final and binding
arbitration administered by either the Judicial Arbitration and Mediation
Service ("JAMS") to be conducted in Los Angeles, California, in accordance with
their rules, guidelines and standards for employment arbitration.
Notwithstanding anything in the rules of the body administering the arbitration,
or applicable law to the contrary, each party to the arbitration shall be
entitled to conduct sufficient discovery to adequately prepare its claims or
defenses for arbitration, including access to essential documents and witnesses,
to be determined by the arbitrator, subject to judicial review as allowed by
law. The arbitrator shall have jurisdiction to decide his/her jurisdiction, any
questions as to the arbitrability of such claims, whether an agreement to
arbitrate exists, or whether an agreement to arbitrate covers the claims in
question. The arbitrator shall have the authority to grant any and all rights,
remedies and relief that would otherwise be available to the parties if the
claims

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were brought in a court of law including punitive damages and shall have the
authority to award the prevailing party reasonable attorneys' fees. The
arbitrator shall issue a written award and arbitration decision that sets forth
the arbitrator's findings of fact and conclusions of law upon which the award is
based. Judgment upon the award rendered by the arbitrator may be entered in any
court of competent jurisdiction. The cost of arbitration (other than Employee's
attorneys' fees and costs) shall be borne by the Company.

        22. Survival of Certain Provisions. Sections 7,8,9, and 21 of this
Agreement shall survive the termination hereof.

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

EMPLOYEE:                                         THE COMPANY:

                                                  VANS, INC.,
                                                  a Delaware corporation

/s/ Walter E. Schoenfeld                          By: /s/ Craig E. Gosselin
------------------------------------                 ---------------------------
         Walter E. Schoenfeld

------------------------------------                 ---------------------------
             Address                                          Title

                                       10<PAGE>
                                                                   EXHIBIT 10.37

                                   VANS, INC.
                              EMPLOYMENT AGREEMENT

               THIS EMPLOYMENT AGREEMENT ("Agreement" herein) is entered into as
of January 16, 2002, by and between VANS, INC., a Delaware corporation (the
"Company"), and ROBERT L. NAGEL ("Employee").

               1. Employment and Duties. Subject to appointment by the Board of
Directors, the Company hereby employs Employee as Senior Vice President -- Sales
and Apparel of the Company on the terms and subject to the conditions contained
in this Agreement. Employee shall be responsible for managing all aspects of the
Company's U.S. sales and apparel operations. Employee hereby accepts such
employment and agrees to perform in good faith and to the best of Employee's
ability all services which may be required of Employee hereunder, to do what is
asked of him, and to be available to render services at all times and places in
accordance with such directions, requests, rules and regulations made by the
Company in connection with Employee's employment. Employee hereby acknowledges
and understands the duties and services that are expected of him hereunder, and
he hereby represents that he has the experience and knowledge to perform such
duties and services. Employee shall, during the term hereof, devote Employee's
full time and energy to performing his duties. Employee shall report to the
President and Chief Executive Officer of the Company, or such other executive
officer as may be designated by the Company. Employee shall be based at the
Company's corporate offices. Employee understands, however, that Employee may be
required to travel within and out of the State of California to discharge his
duties hereunder.

               2. Term of Employment. The term of this Agreement shall commence
as of the date hereof and shall terminate on January 15, 2005, unless sooner
terminated as provided herein. This Agreement does not give Employee any
enforceable right to employment beyond this term, and Employee agrees that he
shall have no rights hereunder thereafter. AS PROVIDED FURTHER IN PARAGRAPH 11.1
BELOW, THIS AGREEMENT CONSTITUTES AN EMPLOYMENT AT-WILL THAT MAY BE TERMINATED
AT ANY TIME BY COMPANY OR EMPLOYEE, WITH OR WITHOUT CAUSE, NOTWITHSTANDING THE
THREE - YEAR TERM OF THIS AGREEMENT. IF EMPLOYEE IS TERMINATED WITHOUT CAUSE
DURING THE TERM HEREOF, OR AFTER A "CHANGE IN MANAGEMENT OR CONTROL," AS DEFINED
IN PARAGRAPH 11.5 BELOW, OR TERMINATES THIS AGREEMENT FOR "GOOD REASON," AS
DEFINED IN PARAGRAPH 11.3 BELOW, EMPLOYEE'S SOLE REMEDY SHALL BE THE
COMPENSATION SET FORTH IN PARAGRAPH 11.4 BELOW.

Initial /s/ CEG                                   Initial /s/ RLL
        ------------                                      ------------
   Representative                                 Employee
   of the Company

<PAGE>

               3. Salary Compensation. As salary compensation for Employee's
services hereunder and all the rights granted hereunder by Employee to the
Company, the Company shall pay Employee a gross salary of not less than $275,000
during the term of this Agreement. Employee's salary shall be payable in
bi-weekly increments in accordance with the Company's payroll practices for
salaried employees, upon the condition that Employee fully and faithfully
performs Employee's services hereunder in accordance with the terms and
conditions of this Agreement. The Company shall deduct and withhold from the
compensation payable to Employee hereunder any and all amounts required to be
deducted or withheld by the Company under the provisions of any statute,
regulation, ordinance, or order and any and all amendments hereinafter enacted
requiring the withholding or deducting from compensation payable to employees.

               4. Expense Reimbursement. Employee shall be reimbursed by the
Company for all traveling, hotel, entertainment and other expenses that are
properly and necessarily incurred by Employee, pursuant to the Company's
policies on the same.

               5. Death or Disability of Employee.

                      5.1 General. In the event of Employee's death or
"disability" (as such term is defined in Paragraph 5.2 hereof) while in the
employ of the Company, this Agreement, and the compensation due to Employee
pursuant to Paragraph 3 hereof, shall terminate upon the date of death or
disability and the Company shall thereafter be required to make payments only to
Employee, as provided in Paragraph 11.2 hereof. If Employee shall recover from
such disability prior to the expiration date of the Agreement, this Agreement
and Employee's employment hereunder shall be reinstated for the balance of the
term of this Agreement.

                      5.2 Definition of Disability. Employee shall be deemed
disabled if, in the sole opinion of the Company, Employee is unable to
substantially perform the services required of Employee hereunder for a period
in excess of 60 consecutive work days or 60 work days during any 90 work day
period. In such event, Employee shall be deemed disabled as of such 60th
workday.

               6. Restrictive Covenant. During the term of this Agreement,
Employee shall (i) devote his full time and energy solely and exclusively to the
performance of his duties described herein; (ii) not directly or indirectly
provide services to or through any company or firm except the Company unless
otherwise instructed by the Company; (iii) not directly or indirectly own,
manage, operate, join, control, contribute to, or participate in the ownership,
management, operation or control of or be employed by or connected in any manner
with any enterprise which is engaged in any business competitive with or similar
to that of the Company; and (iv) not render any services of any kind or
character for Employee's own account of for any other person, firm or
corporation without first obtaining the Company's consent in writing; provided,
however, Employee

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shall have the right to perform such incidental services as are necessary in
connection with Employee's (a) private passive investments where he is not
obligated or required to, and shall not in fact, devote any managerial efforts,
as long as such investments are not in companies which are in competition in any
way with the Company; or (b) charitable or community activities, or in trade or
professional organizations, provided that such incidental services do not
interfere with the performance of Employee's services hereunder.

               7. Non-Solicitation. Employee shall not, during the full term of
this Agreement and for a period of one (1) year thereafter, for himself or on
behalf of any other person, partnership, corporation or entity, directly or
indirectly, or by action in concert with others, solicit, induce, suggest or
encourage any person known to him to be an employee of the Company or any
affiliate of the Company to terminate his or her employment or other contractual
relationship with the Company or any of its affiliates.

               8. Trade Secrets and Related Matters

                      8.1 Definitions. For purpose of this Section 8:

                             (a) "Records" means files, accounts, records, log
books, documents, drawings, sketches, designs, diagrams, models, plans,
blueprints, specifications, manuals, books, forms, notes, reports, memoranda,
studies, surveys, software, flow charts, data, computer programs, listing of
source code, calculations, recordings, catalogues, compilations of information,
correspondence, confidential data of customers and all copies, abstracts or
summaries of the foregoing in any storage medium, as well as instruments, tools,
storage devices, disks, equipment and all other physical items related to the
business of the Company (other than merely personal items of a general
professional nature), whether of a public nature or not, and whether prepared by
Employee or not.

                             (b) "Trade Secrets" means confidential business or
technical information or trade secrets of the Company which Employee acquires
while employed by the Company, whether or not conceived of, developed or
prepared by Employee or at his direction and includes:

                                    (i) Any information or compilation of
information concerning the Company's financial position, financing, purchasing,
accounting, marketing, merchandising, sales, salaries, pricing, investments,
costs, profits, plans for future development, employees, prospective employees,
research, development, formulae, patterns, inventions, plans, specifications,
devices, products, procedures, processes, operations, techniques, software,
computer programs or data;

                                    (ii) Any information or compilation of
information concerning the identity, plans, requirements, preferences, practices
and methods of

                                       3
<PAGE>

doing business on specific customers, suppliers, prospective customers and
prospective suppliers of the Company;

                                    (iii) Any other information or "know how"
which is related to any product, process, service, business or research of the
Company; and

                                    (iv) Any information which the Company
acquires from another party and treats as its proprietary information or
designates as "Confidential," whether or not owned or developed by the Company.

        Notwithstanding the foregoing, "Trade Secrets" do not include any of the
following:

                                    (i) Information which is publicly known or
which is generally employed by the trade, whether on or after the date that
Employee first acquires the information;

                                    (ii) General information or knowledge which
Employee would have learned in the course of similar work elsewhere in the
trade; or

                                    (iii) Information which Employee can prove
was known by Employee before the commencement of Employee's engagement by the
Company;

                      8.2 Acknowledgments. Employee acknowledges that:

                             (a) Employee's relationship with the Company will
be a confidential relationship in which Employee will have access to and may
create Trade Secrets.

                             (b) The Company uses the Trade Secrets in its
business to obtain a competitive advantage over its competitors who do not know
or use that information.

                             (c) The protection of the Trade Secrets against
unauthorized disclosure or use is of critical importance in maintaining the
competitive position of the Company.

                      8.3 Protection of Trade Secrets. Employee shall not at any
time, without the prior written consent of the Company, which may be withheld by
it in its sole and absolute discretion, disclose any Trade Secret in any way
except to employees of the Company, and shall not use any Trade Secret in any
way except in connection with his or her duties to the Company.

                                       4
<PAGE>

                      8.4 Records.

                             (a) Ownership. All Records are and shall remain the
exclusive property of the Company.

                             (b) Return of Records. At the termination of this
Agreement, Employee shall promptly return to the Company all records in
Employee's possession or over which Employee has control.

                      8.5 Prohibited Use of Trade Secrets. During the term of
this Agreement and for 12 months following termination of this Agreement,
Employee shall not undertake any employment or consulting relationship (the "New
Activity") if the loyal and complete fulfillment of his duties in the New
Activity would inherently call upon Employee to reveal any Trade Secret.

               9. Ownership of Material and Ideas. Employee agrees that all
material, ideas, and inventions pertaining to the business of the Company or of
any client of the Company, including but not limited to, all patents and
copyrights thereon and renewals and extensions thereof, trademarks and trade
names, and the names, addresses and telephone numbers of customers, distributors
and sales representatives of the Company, belong solely to the Company. Employee
hereby assigns any rights he may have to any such property to the Company, and
agrees to execute and deliver any documents which evidence such assignment.

               10. Employee Plans, etc. Employee shall be entitled to
participate, to the same extent as most other officers of the Company, in any
bonus compensation plan, stock purchase or stock option plan, group life
insurance plan, group medical insurance plan and other compensation or employee
benefit plans (collectively, "Plans") which are generally available to a
majority of the other officers of the Company during the term hereof and for
which Employee shall qualify, including specifically the Company's annual bonus
plan for executive officers pursuant to which Employee shall have the
opportunity to earn an annual bonus equal to fifty percent (50%) of his salary
compensation, subject to the terms and conditions of the plan. Notwithstanding
the foregoing, for the fiscal year ending May 31, 2002, Employee's bonus
opportunity shall be $30,000 which shall be payable as follows: (i) $20,000, as
of May 31, 2002, if the Company achieves a 20% increase in bookings for the
first quarter of fiscal 2003 versus the first quarter of fiscal 2002; and (ii)
$10,000 if Employee develops a strategic plan for the Apparel Department which
is acceptable to the President and Chief Executive Officer, and the Apparel
Department achieves agreed upon sales targets for the fourth quarter of fiscal
2002 and the first quarter of fiscal 2003, and Employee achieves other mutually
agreed upon goals. Employee further understands, however, that the Board of
Directors, or such committee or person or persons designated by the Board of
Directors, shall determine in its sole discretion (i) whether any Plans are made
available to a majority of the officers of the Company; (ii) whether one or more
Plans are adopted solely for the Chief Executive Officer and/or one or more (but
not a

                                       5
<PAGE>

majority) of the officers of the Company; (iii) whether one or more Plans are
made available to a majority of the officers; and (iv) the amounts payable or
the benefits provided thereunder to each participant in whole or in part.
Employee agrees and acknowledges that he has no vested interest in the
continuance of any Plan, and that no Plan in existence on the date of the
Agreement has acted as a material inducement to Employee in entering into this
Agreement.

               11.  Termination.

                      11.1 "At Will" Employment. This Agreement, and Employee's
employment, is at will, and the Company may, with or without notice, terminate
this Agreement and all of the Company's obligations hereunder with or without
"Cause." Employee may also terminate this Agreement at any time, for any reason,
upon the giving of thirty (30) days' written notice to the Company; provided,
however, the Company may waive all or any portion of such notice period in its
sole and absolute discretion. Termination by the Company for "Cause" means
termination due to (i) Employee's conviction of a felony ( which, through the
lapse of time or otherwise is not subject to appeal); (ii) Employee's material
refusal, failure or neglect without proper cause to perform adequately his
obligations under this Agreement or follow the instructions of his
supervisor(s); (iii) any negligence or willful misconduct by Employee; (iv)
Employee's material breach of any of his fiduciary obligations as an executive
officer of the Company; (v) Employee's material failure to adhere to the code of
conduct and rules set forth in the Company's Employee Handbook, as amended or in
existence from time to time; (vi) the death or disability of Employee; or (vii)
the voluntary termination by Employee of his employment, except for "Good
Reason" (as defined in Paragraph 11.3 hereof).

                      11.2 Termination for Cause. Upon termination for Cause,
the Company shall only be required to pay Employee (i) accrued salary
compensation due to Employee as compensation for services rendered hereunder and
not previously paid; (ii) accrued vacation pay; and (iii) any appropriate
business expenses incurred by Employee in connection with his duties hereunder
and approved pursuant to Section 4 hereof, all through the date of termination.
Employee shall not be entitled to any severance compensation; bonus
compensation, whether "vested" or unvested; or any other compensation, benefits
or reimbursement of any kind.

                      11.3 Termination for "Good Reason." Employee may terminate
this Agreement for "Good Reason" (as hereinafter defined) upon thirty (30) days
written notice to the Company. The term "Good Reason" means (i) Employee is not
appointed or is removed from the position of Senior Vice President -- Sales and
Apparel without Cause during the term of this Agreement; or (ii) without
Employee's consent, a majority of the duties defined in Section 1 hereof are
removed from Employee's responsibilities. The term Good Reason does not include
a situation where certain of the duties defined in Section 1 hereof are removed
from Employee's responsibilities and are replaced with duties which have greater
responsibility and/or authority than the duties which are

                                       6
<PAGE>

removed. Unless Employee terminates this Agreement within thirty (30) days of
learning from any source that the Company has acted so as to provide Good Reason
for Employee to terminate this Agreement, and gives thirty (30) days' written
notice of such termination, Employee's right to receive severance compensation
pursuant to Paragraph 11.4 for such event shall be forever lost.

                      11.4 Severance Compensation. In the event (i) Employee
terminates this Agreement for Good Reason in accordance with Paragraph 11.3
hereof; (ii) Employee is terminated for any reason (except death or disability)
upon, or within six months following, a "Change in Management or Control (as
such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated
without Cause, the Company shall be obligated to pay severance compensation to
Employee in an amount equal to his salary compensation (at the rate payable at
the time of such termination) for a period of six (6) months from the date of
termination. Notwithstanding the foregoing, if Employee is employed by a new
employer, or as a consultant after the termination of this Agreement, the
severance compensation payable to Employee hereunder shall be reduced by the
amount of compensation that Employee actually receives from the new employer, or
as a consultant. However, Employee shall have a duty to inform the Company that
he has obtained such new employment, and the failure to do so is a material
breach of this Agreement. In such event, the Company shall be entitled to (i)
cease all payments to Employee under this Paragraph 11.4; and (ii) recover any
unauthorized payments to Employee in an action for breach of contract.
Notwithstanding anything else in this Agreement to the contrary, solely in the
event of a termination upon or following a Change in Management or Control, the
amount of severance compensation paid to Employee hereunder shall not include
any amount that the Company is prohibited from deducting for federal income tax
purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as
amended, or any successor provision. In addition to the foregoing severance
compensation, the Company shall pay Employee (i) all compensation for services
rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii)
any appropriate business expenses incurred by Employee in connection with his
duties hereunder and approved pursuant to Section 4 hereof, all through the date
of termination. Employee shall not be entitled to any bonus compensation,
whether vested or unvested; or any other compensation, benefits or reimbursement
of any kind.

                      11.5 Definition of "Change in Management or Control." The
term "Change in Management or Control" means (i) the time that the Company first
determines that any person and all other persons who constitute a group (within
the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934
("Exchange Act")) have acquired direct or indirect beneficial ownership (within
the meaning of Rule 13d-3 under the Exchange Act) of twenty percent (20%) or
more of the Company's outstanding securities, unless a majority of the
"Continuing Directors" (as such term is hereinafter defined) approves the
acquisition not later than ten (10) business days after the Company makes that
determination, or (ii) the first day on which a majority of the members of the
Company's Board of Directors are not "Continuing Directors." The term

                                       7
<PAGE>

"Continuing Directors" means, as of any date of determination, any member of the
Board of Directors of the Company who (i) was a member of that Board of
Directors on the date of this Agreement, (iii) has been a member of that Board
of Directors for the two years immediately preceding such date of determination,
or (iv) was nominated for election or elected to the Board of Directors with the
affirmative vote of the greater of (x) a majority of the Continuing Directors
who were members of the Board at the time of such nomination or election, or (y)
at least four Continuing Directors.

                      11.6 Exclusive Remedy. The payments referred to in this
Section 11 shall be exclusive and shall be the only remedy available to Employee
for termination of his employment with the Company, regardless of the
circumstances, reasons or motivation for any such termination. If Employee gives
notice of termination of this Agreement, or if it becomes known that this
Agreement will otherwise terminate in accordance with its provisions, the
Company may, in its sole discretion, relieve Employee of his duties under this
Agreement or assign Employee other duties and responsibilities to be performed
until the termination becomes effective.

               12. Services Unique. It is agreed that the services to be
rendered by Employee hereunder are of a special, unique, unusual, extraordinary
and intellectual character which gives them a peculiar value, the loss of which
cannot be reasonably or adequately compensated in damages in an action at law
and that a breach by Employee of any of the provisions contained herein will
cause the Company irreparable injury and damage. Employee expressly agrees that
the Company shall be entitled to injunctive or other equitable relief to prevent
a breach hereof. Resort to any such equitable relief shall not be construed as a
waiver of any of the rights or remedies which the Company may have against
Employee for damages or otherwise.

               13. Key Man Life Insurance. During the term of this Agreement,
the Company may at any time effect insurance on Employee's life and/or health in
such amounts and in such form as the Company may in its sole discretion decide.
Employee shall not have any interest in such insurance, but shall, if the
Company requests, submit to such medical examinations, supply such information
and execute such documents as may be required in connection with, or so as to
enable the Company to effect, such insurance.

               14. Vacation. Employee shall have the right during each one year
period of the term of this Agreement to take an aggregate of three weeks of
vacation, with pay, at such times as are mutually convenient to Employee and to
the Company.

               15. Other Benefits.

                      15.1 Incentive Stock Option. It will be recommended to the
Compensation Committee of the Board of Directors that Employee receive an
incentive stock option to purchase 75,000 shares of common stock of the Company,
with an

                                       8
<PAGE>

exercise price equal to the closing sales price of the common stock on the date
of grant, and a vesting period of five years.

                      15.2 Signing Bonus. Employee will receive a signing bonus
of $20,000.

               16. Notices. Any and all notices, demands or other communications
required or desired to be given hereunder by any party shall be in writing and
shall be validly given or made to another party if given by personal delivery,
telex, facsimile, telegram or if deposited in the United States mail, certified
or registered, postage prepaid, return receipt requested. If such notice, demand
or other communication is given by personal delivery, telex, facsimile or
telegram, service shall be conclusively deemed made at the time of such personal
service. If such notice, demand or other communication is given by mail, such
notice shall be conclusively deemed given forty-eight (48) hours after the
deposit thereof in the United States mail addressed to the party to whom such
notice, demand or other communication is to be given as hereinafter set forth:

        To the Company:           VANS, INC.
                                  15700 Shoemaker Avenue
                                  Santa Fe Springs, California 90670
                                  Attn:  General Counsel
                                  562/565-8413 - facsimile

        To Employee:              Robert L. Nagel
                                  (at the address set forth below his signature)

Any party hereto may change his or its address for the purpose of receiving
notices, demands and other communications as herein provided by a written notice
given in the manner aforesaid to the other party or parties hereto.

               17. Applicable Law and Severability. This Agreement shall, in all
respects, be governed by the laws of the State of California applicable to
agreements executed and to be wholly performed within the State of California.
Nothing contained herein shall be construed so as to require the commission of
any act contrary to law, and wherever there is any conflict between any
provision contained herein and any present or future statute, law, ordinance or
regulation contrary to which the parties have no legal right to contract, the
latter shall prevail but the provision of this Agreement which is affected shall
be curtailed and limited only to the extent necessary to bring it within the
requirements of the law.

               18. Attorneys' Fees. In the event any action is instituted by a
party to enforce any of the terms and provisions contained herein, the
prevailing party in such action shall be entitled to such reasonable attorneys'
fees, costs and expenses as may be fixed by the Court.

                                       9
<PAGE>

               19. Modifications or Amendments. No amendment, change or
modification of this Agreement shall be valid unless in writing and signed by
all of the parties hereto. Further, any amendment, change or modification of
this Agreement (including but not limited to the at-will nature of this
Agreement as set forth in Section 2 and Paragraph 11.1 hereof) must be approved
in advance by the Board of Directors of Company and reflected in the minutes of
such Board's meetings or in an action by unanimous written consent.

               20. Successors and Assigns. All of the terms and provisions
contained herein shall inure to the benefit of and shall be binding upon the
parties hereto and their respective heirs, personal representatives, successors
and assigns.

               21. Entire Agreement. This Agreement constitutes the entire
understanding and agreement of the parties with respect to the subject matter of
this Agreement, and any and all prior agreements, understandings or
representations are hereby terminated and canceled in their entirety and are of
no further force or effect.

               22. Counterparts. This Agreement may be executed in counterparts.

               23. Arbitration of Employment Disputes. All disputes or
controversies arising out of the employment relationship between Employee and
the Company, including claims by the Company against Employee, and claims by
Employee against the Company, including but not limited to claims for wrongful
termination; violations of Title VII of the Civil Rights Act of 1964, as
amended; violations of the Americans with Disabilities Act of 1990; or claims
for violations of any State law, rule or regulation regarding discrimination,
harassment or other wrongful conduct, shall be decided by a single arbitrator in
a final and binding arbitration administered by either the American Arbitration
Association or the Judicial Arbitration and Mediation Service ("JAMS") to be
conducted in Los Angeles, California, in accordance with their rules, guidelines
and standards for employment arbitration. Notwithstanding anything in the rules
of the body administering the arbitration, or applicable law to the contrary,
each party to the arbitration shall be entitled to conduct sufficient discovery
to adequately prepare its claims or defenses for arbitration, including access
to essential documents and witnesses, to be determined by the arbitrator,
subject to judicial review as allowed by law. The arbitrator shall have
jurisdiction to decide his/her jurisdiction, any questions as to the
arbitrability of such claims, whether an agreement to arbitrate exists, or
whether an agreement to arbitrate covers the claims in question. The arbitrator
shall have the authority to grant any and all rights, remedies and relief that
would otherwise be available to the parties if the claims were brought in a
court of law including punitive damages and shall have the authority to award
the prevailing party reasonable attorneys' fees. The arbitrator shall issue a
written award and arbitration decision that sets forth the arbitrator's findings
of fact and conclusions of law upon which the award is based. Judgment upon the
award rendered by the arbitrator may be entered in any

                                       10
<PAGE>

court of competent jurisdiction. The cost of arbitration (other than Employee's
attorneys' fees and costs) shall be borne by the Company.

               24. Survival of Certain Provisions. Sections 7,8,9, and 23 of
this Agreement shall survive the termination hereof.

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

EMPLOYEE:                                    THE COMPANY:

                                             VANS, INC.,
                                             a Delaware corporation

/s/ Robert L. Nagel                          By: /s/ Craig E. Gosselin_______
-----------------------------------             --------------------------------
Robert L. Nagel

                                             Vice President and General Counsel
-----------------------------------          -----------------------------------
Address                                      Title

                                       11

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