AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”), dated as of June 14,
2007, between PHILLIPS-VAN HEUSEN CORPORATION, a Delaware corporation (“PVH” and, together
with its affiliates and subsidiaries, the “Company”), and FRANCIS K. DUANE (the “Executive”).
W I T N E S S E T H:
WHEREAS, the Company has previously entered into an Employment Agreement with the Executive
dated as of March 4, 2003 (the “Existing Agreement”), and, in connection with the Executive’s promotion to
Vice Chairman, Wholesale of the Company, desires to amend and restate the Existing Agreement so as to ensure
that the Executive is retained on a full-time basis in accordance with the terms set forth herein; and
WHEREAS, the Executive desires to be employed by the Company on the terms and conditions set forth
herein, and agrees that this Agreement shall amend and supercede the terms and conditions of the Existing
Agreement effective as of the Effective Date (as defined below).
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, the
parties hereto hereby agree as follows:
Effective Date . This Agreement shall be effective as of March 9, 2006, the date on
which the Executive’s promotion was made (the “Effective Date”).
Employment Period . The Company agrees to continue to employ the Executive, and the
Executive agrees to continue to be employed by the Company, in accordance with the terms and conditions
hereof. The Executive shall be an employee at will and this Agreement shall not constitute a guarantee of
employment. Each of the parties acknowledges and agrees that either party may terminate the Executive’s
employment at any time, for any reason, with or without Cause (as defined in Section 3(a)). The period
commencing on the Effective Date and ending on the effective date of the termination of the Executive’s
employment is hereinafter referred to as the “Employment Period.”