Iconix Authorization Matrix

PRE-APPROVAL OF MARKETING & ADVERTISING EXPENDITURES

Media Plans, Advertising Concepts, Production, Talent Contracts*

Up to $10K

  • Approved by: Chief Marketing Officer (CMO) Designee

$10,000-$99K

  • Approved by: CMO

$100K or Greater

  • Approved by: CMO and CFO or CEO

*Assumes all are budgeted for

Media Plans, Advertising Concepts Production, Talent Contracts*

Up to $10K

Approved by: Chief Marketing Officer (CMO) Designee

$10,000-$99K

Approved by: CMO

$100K or Greater

Approved by: CMO and CFO or CEO

*Assumes all are budgeted for

PRE-APPROVAL OF CONSULTANTS

  • All consultants must be approved prior to the consultant starting any work.
  •  “Consultant Approval Form” will be used for this purpose
  • Iconix was recently fined by the State of New York approximately $75,000 for not complying with consultant tax regulations
  • Extensions of consulting agreements must go through same process

CHECK REQUESTS/ CORPORATE CREDIT CARD EXPENSE REQUESTS/ OTHER EXPENSE APPROVALS/ VENDOR INVOICES*

Less than $500 – Domestic

  • Requestor – Various
  • Approver – Head of Department or designee

$500 – $25,000 – Domestic

  • Approver – Head of Department

$25,000 or Greater – Domestic

  • Approver – Head of Department & CFO

Less than $10,000 – International

  • Approver – Lee Cooper Managing Director
  • Approver – Umbro Managing Director
  • Approver – Iconix China and Shanghai Managing Director

$10,000 or Greater – International

  • Approver – President of International

CASH DISBURSEMENTS – CHECKS

Domestic

Less than $10,000

  • Domestic Check Signer: VP-Financial Planning & Analysis

$10,001-$24,999

  • Domestic Check Signer: CFO; SVP-Finance; or General Counsel (1 signature)

$25,000 or Greater (except “out-of-the ordinary” expenses greater than $250,000)

  • Domestic Check Signers: CFO/SVP-Finance/General Counsel (2 signatures)

Expenses “out-of-the ordinary” Greater than $250,000

  • Domestic Check Signers: CEO and Executive Chairman; and either CFO/SVP-Finance/ or General Counsel (2 signatures)

Note 1: Ordinary = debt service, rent, payroll, intercompany, etc.

International – Iconix China Ltd (“ICL”) and Iconix Shanghai (“Shanghai”)

[Other international locations do not use checks]

Less than $10,000

  • ICL and Shanghai Check Signer: Managing Director – ICL

$10,001 – $24,999

  • ICL Check Signers: Managing Director – ICL, and President – International or CFO
  • Shanghai Check Signer: Managing Director – ICL

$25,000 or Greater (except “out-of-the ordinary” expenses greater than $250,000)

  • ICL Check Signers: Managing Director – ICL, and President – International or CFO
  • Shanghai Check Signer: Managing Director – ICL

Expenses “out-of-the ordinary” Greater than $250,000

  • ICL Check Signers: CEO and Executive Chairman, and Managing Director – ICL, and President – International or CFO
  • Shanghai Check Signer: Managing Director – ICL