AMENDMENT NO. 3
LIZ CLAIBORNE SAVINGS PLAN
(As Amended and Restated Effective January 1, 1987)
The Liz Claiborne Savings Plan as amended (the "Plan") is hereby further amended in the following
respects, pursuant to the provisions of Section 13.3.
1. Section 4.2.1 is amended, effective January 1, 1993, by restating the heading in its entirety to re
"Fixed Income Contract Fund".
2. Section 8.3 is amended by adding a sentence immediately following the first sentence to read as
Notwithstanding the foregoing, if the value of a Member's vested interest in his
Accounts does not exceed (and did not exceed at the time of any prior distribution
under the Plan) $3,500 (including, if applicable, a value equal to zero), such
Member's distribution shall be paid in cash except as the Committee shall otherwise
direct; provided, that the Member may request that his Accounts be distributed, in
whole or in part, in shares of Company stock.
3. Article IX is amended by adding a new Subsection 9.13 to read as follows:
9.13 Direct Rollover of Eligible Rollover Distributions. This Section applies to distributions fr
the Plan made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contra
that would otherwise limit a Distributee's election under this Section 9.13, a Distributee may elec
at the time and in the manner prescribed by the Administrative Committee, to have any portion of hi
Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the
Distributee in a Direct Rollover.
9.13.1 Definitions. For purposes of this Section 9.13, the following ter