Back to top

AMENDMENT TO EMPLOYMENT AGREEMENT

Employment Agreement Amendment

AMENDMENT TO EMPLOYMENT AGREEMENT | Document Parties: 1 800 FLOWERS COM INC You are currently viewing:
This Employment Agreement Amendment involves

1 800 FLOWERS COM INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: AMENDMENT TO EMPLOYMENT AGREEMENT
Governing Law: New York     Date: 2/6/2009
Industry: Retail (Specialty)     Sector: Services

AMENDMENT TO EMPLOYMENT AGREEMENT, Parties: 1 800 flowers com inc
50 of the Top 250 law firms use our Products every day

                                           


                                  AMENDMENT TO
                              EMPLOYMENT AGREEMENT


     AMENDMENT TO  EMPLOYMENT  AGREEMENT  ("Amendment")  dated as of December 3,
2008 between  1-800-Flowers.com,  Inc. (the "Company") and Christopher G. McCann
(the "Executive").

     WHEREAS,  the  Company  and the  Executive  are  parties  to an  Employment
Agreement dated as of July 1, 1999 (the "Agreement");

     WHEREAS,  the Company and the Executive  wish to amend the Agreement as set
forth herein in order to comply with  Section 409A of the Internal  Revenue Code
of 1986, as amended;

     NOW, THEREFORE,  in consideration of the mutual covenants herein contained,
the Company and the Executive hereby agree as follows:

1. Section 5(a) is amended by adding the following sentence to the end thereof:

          "Any bonus  payable  under this Section shall be paid to the Executive
          after the end of the Company's last fiscal year for which it is earned
          but no later than the  fifteenth  day of the third month of the fiscal
          year  following the Company's  last fiscal year for which the bonus is
          earned."

2.  Section  6(c) and Section  11(a)(iii),  both of which relate to split dollar
life insurance,  are deleted. 3. New Section 24 is added to read in its entirety
as follows:

           (a) It is intended that this  Agreement will comply with Section 409A
     of the  Internal  Revenue  Code of 1986,  as amended  (the  "Code") and any
     regulations and guidelines promulgated thereunder  (collectively,  "Section
     409A"),  to the extent the Agreement is subject thereto,  and the Agreement
     shall  be  interpreted  on a  basis  consistent  with  such  intent.  If an
     amendment  of the  Agreement  is  necessary  in order for it to comply with
     Section 409A,  the parties hereto will negotiate in good faith to amend the
     Agreement in a manner that preserves the original  intent of the parties to
     the extent  reasonably  possible.  No action or failure to act  pursuant to
     this  Section 24 shall  subject  the  Company to any claim,  liability,  or
     expense,  and the Company  shall not have any  obligation  to  indemnify or
     otherwise  protect  the  Executive  from the  obligation  to pay any taxes,
     interest or penalties pursuant to Section 409A of the Code.

          (b)  Notwithstanding  any provision to the contrary in this Agreement,
     if the  Executive  is  deemed  on the date of his or her  "separation  from
     service" (within the meaning of Treas.  Reg. Section  1.409A-1(h)) with the
     Company to be a  "specified  employee"  (within the meaning of Treas.  Reg.
     Section  1.409A-1(i)                                                                                                                                                                                                                   


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more