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Agreement to Serve as Interim Chief Executive Officer

Executive Employment Agreement

Agreement to Serve as Interim Chief Executive Officer You are currently viewing:
This Executive Employment Agreement involves

SPORT HALEY INC | Donald W. Jewell

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Title: Agreement to Serve as Interim Chief Executive Officer
Date: 2/22/2005
Industry: APPARL    

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Exhibit 10

Exhibit 10.2

 

Sport-Haley, Inc.

4600 E. 48th Avenue

Denver, CO  80216

 

 

November 11, 2004

 

Donald W. Jewell

Sport-Haley, Inc.

4600 E. 48th Avenue

Denver, CO  80216

 

Re: Agreement to Serve as Interim Chief Executive Officer

 

Dear Don,

 

As you know, the board of directors of Sport-Haley, Inc. (the “Company”) voted to appoint you as Interim Chief Executive Officer. The purpose of this letter agreement is to confirm the terms of the agreement reached with you to serve as Interim Chief Executive Officer.

 

1.             Continuation of Duties and Responsibilities Under February 2001 Employment Agreement. Except as specifically set forth in this letter agreement, all of the terms of the Executive Employment Agreement dated February 1, 2001 between you and the Company (the “February 2001 Employment Agreement”) for you to serve as Senior Vice President, shall remain in full force and effect, according to the terms of the February 2001 Agreement. You agree that you will continue to perform your duties and responsibilities as Senior Vice President pursuant to the terms of the February 2001 Employment Agreement and shall continue to receive the compensation and benefits set forth under that Agreement, as amended herein.  Further, upon the termination without cause of your duties under this letter agreement as Interim Chief Executive Officer, you agree that you shall continue to perform your duties and responsibilities as Senior Vice President pursuant to the terms and conditions of the February 2001 Employment Agreement. The February 2001 Employment Agreement may be terminated according to its provisions for termination as contained in Article III thereof.

 

2.             Duties and Responsibilities. In addition to your duties and responsibilities as Senior Vice President, as set forth in the February 2001 Agreement, you agree to perform the following duties and responsibilities as Interim Chief Executive Officer:

 

Supervision and coordination of all operations of the Company; supervision of all other executive and operating officers of the

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