Employment Agreement - Revlon Consumer Products Corp. and Wade H. Nichols
AMENDMENT TO EMPLOYMENT AGREEMENT
AMENDMENT TO EMPLOYMENT AGREEMENT as amended and restated as of May 10,
1999 (the 'Agreement'), made as of the 1st day of January 2000, between REVLON
CONSUMER PRODUCTS CORPORATION, a Delaware corporation, and WADE H. NICHOLS,
capitalized terms used herein without definition being used as defined in the
WHEREAS RCPC wishes to continue the employment of the Executive with
the Company, and the Executive wishes to accept continued employment with the
Company, on the terms and conditions set forth in this Agreement.
NOW THEREFORE RCPC and the Executive agree as follows:
1. Section 1.1 of the Agreement is revised to read in its entirety as
'RCPC hereby employs the Executive for the Term (as defined in
Section 2.1) to render exclusive and full-time services to the Company
as chief administrative officer of the Revlon group of companies or in
such other executive position of at least an equivalent level
consistent with the Executive's business experience and background as
may be assigned to the Executive by the Chief Executive Officer of
Revlon, Inc., and to perform such other duties consistent with such
position (including service as a director or officer of any affiliate
of the Company, if elected) as may be assigned to the Executive by the
Chief Executive Officer of Revlon, Inc. The Executive's title shall be
Executive Vice President and Chief Administrative Officer or such
other title of at least equivalent level consistent with the
Executive's duties from time to time as may be assigned to the
Executive by the Chief Executive Officer of Revlon, Inc.'
2. Section 3.1 of the Agreement is amended by changing the figure
'$600,000' appearing therein to the figure '$650,000'.
3. Except as amended hereby, the Agreement shall not be deemed to have
been modified or affected in any way, and as amended hereby the Agreement shall
remain in full force and effect upon all of its terms and conditions.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
effective date set forth above.
REVLON CONSUMER PRODUCTS CORPORATION.
By: /s/ JEFFREY M. NUGENT
Jeffrey M. Nugent
/s/ WADE H. NICHOLS
Wade H. Nichols