Exhibit 10.25
AMENDMENT NO. 1 TO EMPLOYMENT
AGREEMENT
THIS AMENDMENT No. 1 , dated as of April 11, 2005,
to that certain Employment Agreement, dated and effective as of
February 1, 2004, between Aeropostale, Inc., a Delaware
corporation (the “Corporation”), and Julian R. Geiger
(the “Executive”) (as heretofore amended, the
“Agreement”).
W I T N E S S E T H:
WHEREAS , the Executive has been employed by the Corporation
pursuant to the Employment Agreement and desires to continue in its
employ, and the Corporation desires to continue to employ the
Executive and to make certain changes to extend the Employment
Period, as that term is defined in the Agreement.
NOW, THEREFORE , the parties hereto hereby agree as
follows:
FIRST : The definition of Employment Period in
Section 1 of the Agreement is hereby amended to read as
follows:
“ Employment Period : Unless
earlier terminated as provided in Section 5 hereof, the
Employment Period shall be the period commencing on the Effective
Date and terminating on the last day of the 2007 Fiscal
Year.”
SECOND : The first sentence of Section 3.1 of
the Employment Agreement entitled “ Base Salary
” is hereby deleted in its entirety and is replaced with the
following:
“Effective
February 1, 2005, the Company shall pay Executive a Base
Salary in the amount of $927,000 for the 2005 Fiscal Year, and the
Executive’s Base Salary shall be an amount not less than
$927,000 for each of the 2006 and 2007 Fiscal
Years.”
THIRD : Section 3.3 is hereby amended by
deleting the words “Intentionally Omitted” and in its
place inserting the following:
“ Special Bonus ”
Notwithstanding any other terms or provisions
contained in this Agreement nor any other bonus compensation
Executive may be eligible to receive pursuant to
