THIS SENIOR EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is to be effective as of
January 1, 2004 by and between DECKERS OUTDOOR CORPORATION, a Delaware corporation (the
"Company"), and SCOTT ASH (the "Executive").
DUTIES AND TERM
1.1 EMPLOYMENT. In consideration of their mutual covenants, Executive's continued employment with the
Company and other good and valuable consideration, the receipt, adequacy, and sufficiency of which is hereby
acknowledged, the Company agrees to enter into this Agreement with the Executive, who is currently an
employee of the Company on an "at will" basis, and the Executive agrees to enter into this Agreement and remain
in the employ of the Company upon the terms and conditions herein provided and in accordance with all
applicable employment rules of the Company. This Agreement was prepared after consultation with the
Company's compensation consultant, Frederick W. Cook & Company, Inc.
1.2 POSITION AND RESPONSIBILITIES. The Executive will continue to serve in the Executive's current
position as CHIEF FINANCIAL OFFICER, and continue to report to the Executive's current supervisor.
1.3 TERM. The term of the Executive's employment under this Agreement will commence on the effective date of
this Agreement as first written above and will continue, unless sooner terminated, until December 31, 2005.
Employment of the Executive is at will and will continue until such time as written notice of termination is given by
the Company or written notice is given by the Executive.
1.4 AT-WILL EMPLOYMENT. Executive will continue to be employed as an at-will employee of the
Company. Subject to the provisions of Articles III and IV, as an at-will employee, Executive is free to terminate
his/her employment with the Company at any time, for any reason, and the Company has the similar right to
terminate Executive's employment at any time, for any reason. Although the Company may choose to terminate