Exhibit 10.69
EMPLOYMENT AGREEMENT
This employment agreement (the “Agreement”) is entered into by and between Perry Ellis International, Inc. (“Perry Ellis”
or the “Company”) and Alberto de Cardenas (“De Cardenas” or “Employee”)
1. TERM OF EMPLOYMENT
This Agreement is effective for the period commencing on May 1, 2005 and terminating without further notice at 5:00 p.m.
on April 30, 2007, unless terminated earlier in accordance with the provisions set forth in paragraphs 5, 6, 7 or 8 below. The
parties may renew this Agreement, in writing, for additional one-year periods at their discretion. The Company shall notify De
Cardenas, in writing, at least 90 days prior to the natural expiration of this Agreement of the Company’s intent to not renew this
Agreement.
2. DUTIES AND RESPONSIBILITIES
The Company agrees to employ De Cardenas as Senior Vice President and General Counsel with such powers and duties in
this capacity as may be established from time to time by the Company and its Board of Directors (the “Board”) in their
discretion. De Cardenas shall diligently perform all services as may be assigned to him by the Company and its Board and
shall exercise such power and authority as may from time to time be delegated to him by the Company or its Board. During
his employment, De Cardenas will not engage in any other business activities, regardless of whether such activity is
pursued for profits, gains or other pecuniary advantage. In connection with his employment by the Company, De Cardenas
shall be based at the Company’s principal executive offices in Miami, Florida except for required travel on the Company’s
business.
3. COMPENSATION
(a) Base Salary . Perry Ellis will pay a Base Salary of Two Hundred and Twenty Thousand Dollars ($220,000) per annum to
De Cardenas, payable in installments according to the Company’s normal payroll practices, and subject to applicable
withholding and other taxes and deductions. Said salary is effective May 1, 2005.
(b) Ince