AMENDMENT TO
EMPLOYMENT AGREEMENT
AMENDMENT TO
EMPLOYMENT AGREEMENT ("Amendment") dated as of
December
3, 2008 between 1-800-Flowers.com, Inc.
(the "Company") and James F. 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. The definition of "Good Reason" in Section
10(g)(iii) of the Agreement is
amended to read in its entirety as follows:
"(iii) "Good Reason" means the
occurrence, without the written consent of
the Executive, of any of the
following events: (A) the assignment to the
Executive of any duties
inconsistent in any material respect with
the
Executive's then position (including
status, offices, titles and reporting
relationships), authority, duties or
responsibilities, or any other action
or actions by the Company which when taken
as a whole results in a material
diminution in
the Executive's position,
authority, duties or
responsibilities; (B) a
material breach by the Company of one or
more
provisions of this Agreement; or (C) the
Company requiring the Executive to
be based at any location
other than within 25 miles of the
Company's
current executive office
location, except for requirements of temporary
travel on the Company's business to an
extent substantially consistent with
the Executive's business travel
obligations existing immediately prior to
the date of this
Agreement; provided, however, that,
it shall be a
condition precedent to the
Executive's right to terminate employment for
Good Reason that (i) the
Executive shall first have given the Company
written notice that an event
or condition constituting Good Reason has
occurred within ninety (90) days after
such occurrence, and any failure to
give such written notice within such
period will result in a waiver by the
Executive of his right to
terminate for Good Reason as a result of such
event or condition, and (ii) a
period of thirty (30) days from and after
the giving of such written
notice shall have elapsed without the Company
having effectively cured or
remedied such occurrence during such 30-day
period, unless such
occurrence cannot be cured or remedied within thirty
(30) days, in which case the
period for remedy or cure shall be extended
for a reasonable time provided
that the Company has made and continues to
make a diligent effort to
effect such remedy or cure; provided further,
however, that the
Executive's termination of employment due
to `Good
Reason' must occur not later than two
years following the initial existence