Exhibit 10.80
AMENDMENT AGREEMENT
     This AMENDMENT AGREEMENT (the “Amendment Agreement”) is executed on
March 26, 2007 and effective as of March 15, 2006, by and among Michael O.
Johnson (“Executive”), Herbalife International, Inc., and Herbalife
International of America, Inc.
WITNESSETH
     WHEREAS, the parties have previously entered into that certain Employment
Agreement, dated as of April 3, 2003, as amended (the “Employment Agreement”);
     WHEREAS, on March 15, 2006 the parties modified the basis upon which
Executive’s annual performance bonus, if any, is determined from Net Income to
Earnings Per Share (“EPS”), and
     WHEREAS, the parties now wish to memorialize the aforementioned
modifications to the Employment Agreement.
     NOW, THEREFORE, in consideration of the mutual agreements contained herein
and for other good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged the parties hereby amend Annex A of the Employment
Agreement so that it reads in its entirety as follows:
“Annex A”
Bonus Targets and Target Bonus Amounts
     For the year ended December 31, 2006 and each subsequent year during the
Term, Executive shall be entitled to a bonus, if earned, in an amount equal to
the sum of (y) the EPS bonus, if any, and (z) the Alternative Performance Target
(“APT”) bonus, if any. Executive shall have earned a bonus based upon the level
of achievement by Herbalife Ltd. of earnings per share and the APT Target (as
hereinafter defined), as determined based on the audited financial statements of
Herbalife Ltd. and its consolidated subsidiaries for the relevant fiscal year,
in the percentages set forth on the following table. For the purposes of the APT
bonus, “APT Target” shall mean one or more metrics set annually by the Board
(upon the recommendation of the Board of Directors of the Company’s ultimate
parent entity) after consultation with Executive, and determined by reference to
an annual plan (the “Plan”) approved by the Board (upon the recommendation of
the Board of Directors of the Company’s ultimate parent entity) for the relevant
fiscal year. The Board shall deliver written notice to Executive of the APT
Target no later than January 31 of the relevant fiscal year.

 

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                              (A)     (B)     (C)                      
...Executive shall               If the Company     be awarded an      
...Executive shall     achieves this     Alternative       be awarded an EPS    
percentage of the     Performance Bonus   If the Company   Bonus equal to the  
  Alternative     equal to the   achieves this   product of     Performance
Target     product of   percentage of EPS   Executives Base     as determined by
    Executive’s Base   as set forth in the   Salary and this     reference to
the     Salary and this   Plan...   factor:     Plan...     factor:  
Greater than or equal to 108%
    1.5     Greater than or equal to 108%         0.5  
 
                       
Greater than or equal to 104%
          Greater than or equal to 104%        
and less than 108%
    1.3125     and less than 108%         0.4375  
 
                       
Greater than or equal to 100%
          Greater than or equal to 100%          
and less than 104%
    1.125     and less than 104%         0.375  
 
                       
Greater than or equal to 95% and
          Greater than or equal to 95% and          
less than 100%
    0.84375     less than 100%         0.28125  
 
                       
Greater than or equal to 90% and
          Greater than or equal to 90% and        
less than 95%
    0.5625     less than 95%         0.1875  
 
                       
Greater than or equal to 85% and
          Greater than or equal to 85% and        
less than 90%
    0.42225     less than 90%         0.14075  
 
                       
Greater than or equal to 80% and
          Greater than or equal to 80% and        
less than 85%
    0.28125     less than 85%         0.09375  
 
                       
Less than 80%
    -0-     Less than 80%         -0-  

 

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Notwithstanding any provision in this Agreement to the contrary (y) in no event
shall the bonus earned by Executive for any calendar year (including 2005) be
greater than 200% of Executive’s Base Salary, and (z) seventy-five percent (75%)
of the Executive’s overall annual bonus potential shall be attributable to the
EPS Bonus, and twenty-five percent (25%) of the Executive’s overall bonus
potential shall be attributable to the Alternative Performance Bonus.”
IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to
be executed as of the date first-above written.

          HERBALIFE INTERNATIONAL, INC    
 
       
By:
       
 
       
 
  Name: Brett R. Chapman    
 
  Title: General Counsel    
 
       
 
        HERBALIFE INTERNATIONAL OF AMERICA, INC.    
 
       
By:
       
 
       
 
  Name: Brett R. Chapman    
 
  Title: General Counsel    
 
       
 
        MICHAEL O. JOHNSON