EXHIBIT 10 (m)
DESCRIPTION OF SALARIED
EMPLOYEE INCENTIVE BONUS PLAN
For the 1993 fiscal year, Liz Claiborne, Inc. (the "Company") maintained a bonus plan for full time salar
employees under which bonuses were earned based on achievement of certain performance criteria, subject t
certain terms and conditions. Under this bonus plan, the potential maximum bonus an employee could earn
established as a percentage of the employee's base salary ranging from 20% to 100%. Bonuses for the year
were determined by reference to a combination of pre-established corporate, divisional (if applicable) an
individual performance criteria. The corporate portion of the bonus was determined by reference to
increases in operating earnings and return on stockholders' equity. The divisional portion of the bonus,
applicable, was determined by reference to each division's planned operating earnings, and the individual
portion of the bonus was determined by attainment of individual performance goals. A similar bonus plan
anticipated for 1994.