EXHIBIT 10.34
Summary Sheet of Compensation of Named Executive Officers
(as defined in Regulation S-K Item 402(a)(3)) of Jones Apparel Group, Inc.
As approved by the Compensation Committee of the Board of Directors on December 14, 2004
Executive Officer
| 2005 Salary
| 2004 Bonus
| 2005 Restricted Stock Grant (1)
|
Peter Boneparth President and Chief Executive Officer | $2,500,000 | (2) | $2,000,000 | 100,000 shares |
Sidney Kimmel Chairman | $1,200,000 | (2) | $1,800,000 | - |
Wesley R. Card Chief Operating and Financial Officer | $1,100,000 | | $1,000,000 | 50,000 shares |
Rhonda J. Brown President and Chief Executive Officer, Footwear, Accessories and Retail Group | $1,300,000 | (2) | $1,500,000 | 25,000 shares |
Ira M. Dansky Executive Vice President, Secretary and General Counsel | $650,000 | | $600,000 | 10,000 shares |
__________
(1) | Grants are effective January 3, 2005. Vesting restrictions lapse as to all of the shares on the second business day immediately following the Company's public announcement of fourth quarter financial results for the year 2007, provided that the Company achieves certain performance targets. |
(2) | No salary increase for 2005. |