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Taaffe Severance Agreement Dated 1/13/1999

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Sectors: Retail
Effective Date: January 13, 1999
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EXHIBIT A TO AGREEMENT AND GENERAL RELEASE Exhibit 10.32


SEVERANCE AGREEMENT
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By and between WILLIAM J. TAAFFE ("Mr. Taaffe"), a resident of New York and IRON AGE CORPORATION, a Delaware corporation ("Iron Age")


WITNESSETH:
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1. Mr. Taaffe hereby resigns as President and Chief Operating Officer of Knapp Consumer Brands Division of Iron Age Corporation as of the date hereof.


2. Mr. Taaffe shall begin a terminal leave of absence effective as of the date hereof, subject to the following terms and conditions:


(i) Mr. Taaffe shall continue to receive his current gross salary of $4,038.46 payable bi-weekly through July 1, 1999.


(ii) Mr. Taaffe shall be released of all further duties and shall not report to work on and after the date hereof.


(iii) Mr. Taaffe shall remain fully covered by all Company benefits plans as in effect from time to time from the da
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