Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(e) On September 17, 2009, The Timberland Company (the "Company") previously
announced that John D. Crimmins, III, formerly Vice President and Chief
Financial Officer of the Company, would leave the Company effective
September 30, 2009. On September 30, 2009, Mr. Crimmins and the Company entered
into a separation agreement. In addition to amounts due to Mr. Crimmins under
his existing arrangements with the Company, the separation agreement provides
for (i) salary continuation, payable in accordance with the Company's usual
payroll practices, at Mr. Crimmins' current base salary rate for a period of
48 weeks (less applicable withholdings) (after January 1, 2010, Mr. Crimmins may
elect to receive the remaining payments in a lump sum), and (ii) a one-time
separation payment of $217,462 (less applicable withholdings).
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