Home / Knowledge / News / Fashion / SVP Susan Hudson to say goodbye to Kenneth Cole in Jan06

SVP Susan Hudson to say goodbye to Kenneth Cole in Jan06

18
Oct '05
Kenneth Cole Productions Inc announced that Susan Q. Hudson, Senior Vice President of the Company's Wholesale businesses has decided to leave the Company, effective January 15, 2006, to pursue other opportunities. Hudson and the Company entered into a letter agreement (the 'Letter Agreement') relating to the termination of her employment.

The Letter Agreement provides that Hudson is entitled to receive the following benefits, among others:

- A current lump sum payment of $200,000 upon the execution and effectiveness of a general release in favor of the Company;

- A bonus payment of $56,000 for service in 2005, payable on or about March 1, 2006;

- The continuation of her salary at a reduced rate of $9,615.38 bi-weekly through January 15, 2007; and

- The continuation of health benefits until the earlier of January 15, 2007 or the date she becomes eligible for coverage with another employer.

In addition, her existing stock options and restricted stock continue to vest until the earlier of January 15, 2007 or the date she becomes employed with another employer. Hudson agreed not to compete with the Company for six months following termination and not to solicit any employees for 24 months termination.

Famous shoe company Kenneth Cole Productions Inc designs, sources, and markets a broad range of footwear, handbags, and accessories under the brand names 'Kenneth Cole New York,' 'Kenneth Cole Reaction,' 'Unlisted, a Kenneth Cole Production,' 'Tribeca,' and 'Bongo.' The company has also granted a wide variety of third party licenses for the production of men's and women's apparel, timepieces, eyewear, and several other accessory categories. The company's products are distributed through department stores, better specialty stores, and company- owned retail stores as well as direct to consumer catalogs and e-commerce.

Kenneth Cole Productions Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Feb 2020

CLMV nations urged to export goods items to Japan

Cambodia, Laos, Myanmar and Vietnam (CLMV) were recently encouraged...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Turkey's apparel sector sets $19 bn export target in 2020

Turkey's apparel sector, which sold goods worth $17.7 billion to...

Pic: Waleeds / Shutterstock.com

Textiles | On 19th Feb 2020

Pakistan textile exports up 3.68% in July-Jan FY20

The value of textile and garment exports from Pakistan increased by...

Interviews View All

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search