kc_10q-3q08ex10s.htm


    Exhibit
No. (10)s

    


    


    


    


    July
29, 2008

    


    


    


    


    Christian
Brickman

    3360
Blackburn Street

    Dallas,
TX  75204

    


    Dear
Chris:

    


    This
letter confirms the offer made to you to work for Kimberly-Clark
Corporation.  Your initial assignment will be as Senior Vice President
and Chief Strategy Officer located in Dallas, Texas.  Your start date
with Kimberly-Clark will be September 1, 2008.

    


    Base
Salary

    Your
starting salary for this position will be $440,000 per year.

    


    Annual
Incentive

    You
will be eligible to participate in Kimberly-Clark’s annual incentive plan for
management. Your target will be 65% of base salary.

    


    For the
2008 plan year only, you will be guaranteed a bonus payment of
$286,000.  Beginning with the 2009 plan year, your bonus payment will
be subject to the terms of the Executive Officer Achievement Award
Program.

    


    Long-Term
Incentives

    You
will be eligible for annual long-term incentive grants consistent with your
level and performance (currently about $600,000).  For 2009, our
instrument mix is anticipated to be 33% stock options and 67% performance vested
restricted stock.  The annual long-term incentive target grant amounts
along with the instrument type and mix are subject to
change.   As a condition of receiving these grants, you will be
required to sign a Noncompetition and Confidentiality Agreement.  A
copy of this agreement is attached.

    


    Total
Compensation

    Given
the above, your total compensation target amount is $1,326,000.  This
amount is comprised of your base salary ($440,000), annual incentive target
amount ($286,000) and your long-term incentive target amount
($600,000).  Again, your total compensation may be higher or lower
than the target amount based on company and your individual
performance.


    
      
         
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    Signing
Bonus

    At our
next regular grant date, currently scheduled on or around October 31, 2008, you
will be granted $250,000 of economic value in the form of Restricted Stock Units
(“RSUs”). The RSU grant will vest 33% on the first, 33% on the second and 34% on
the third anniversaries of the grant date.  As a condition of
receiving these grants, you will be required to sign a Noncompetition and
Confidentiality Agreement.  A copy of this agreement is
attached.

    


    Benefits and
Vacation

    As an
employee of Kimberly-Clark, you will be eligible for a benefits program that
includes medical, dental, life and accident insurance coverage along with an
incentive investment plan, paid vacation/holidays and various other
benefits.  You will be provided booklets explaining the terms and
conditions of these benefit plans.

    


    You
will receive four weeks of vacation beginning in 2008. Unused vacation, granted
on an exception basis, will be forfeited at the end of the year and not paid out
in cash.

    


    Stock Ownership
Guidelines

    Kimberly-Clark
has stock ownership guidelines requiring your position to maintain ownership in
Kimberly-Clark stock equal to three times base salary. You are permitted five
years to reach this goal. For purposes of determining your ownership,
time-vested restricted stock and any shares owned outright are counted. If, at
the end of the five years, you are not in compliance with guidelines, your
situation will be reviewed by the CEO. Non-compliance can result in a decreased
long-term incentive grant.

    


    Conditions of this
Offer

    This
offer is subject to the completion of the Preplacement Health History Form, to
ensure that you are physically capable of carrying out the essential duties of
your position.  If you choose to make us aware that you have a
disability under the Americans with Disabilities Act, we would evaluate whether
that disability could reasonably be accommodated in regard to those essential
job functions.

    


    This
offer is also subject to verification that you have the legal right to work in
the United States as required by the Immigration Reform and Control Act of
1986.  The Government Form I-9 must be completed within three days of
your start date.  In addition, you will be required to present certain
documenta­tion as part of the required verification process.

    


    Kimberly-Clark
takes great steps to protect from disclosure its confidential and trade secret
information.  In accordance with our policies, we expect that as an
employee, you will protect any confidential or trade secret information you
learn during your employment.  In particular, this protection will
require that you sign the Confidentiality, Nonsolicitation and Assignment of
Business Ideas Agreement (“Agreement”) as a condition of your
employment.  The Agreement is required of all new hires at
Kimberly-Clark.


    
      
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    Because
your position may involve access to confidential business information,
Kimberly-Clark will perform a pre-placement background
investigation.  Our offer of employment is contingent upon the results
of this background investigation.  United States Public Law 104-208
requires we advise you "that an investigative consumer report including
information as to...character, general reputation, personal characteristics, and
mode of living" may be made.  Upon written request, additional
information as to the nature and scope of the report will be
provided.

    


    Kimberly-Clark
is a drug-free work environment.  As a result, an additional condition
of this offer is that you must pass a pre-employment urine drug
screening.  This drug screening must be completed within five days of
acceptance.

    


    As
usual, the employment relationship can be ended by you or Kimberly-Clark for any
reason upon appropriate notice.

    


    If you
have any questions, please feel free to contact me (office: 972-281-1404,
wesley.wada@kcc.com).

    


    Sincerely,

    


    


    /s/ Wesley E.
Wada

    Wesley
E. Wada

    Vice
President, Compensation and Benefits

    


    Encl.

    


    cc: Tom
Falk

    Liz Gottung

    


    There
are two copies of the offer letter enclosed. Please indicate your acceptance of
our offer by signing your name on the line below and returning the signed letter
to me in the enclosed envelope.  The other copy is for your
records.

    


    


    


    /s/ Christian
Brickman   7/29/08

    Signature
/ Date


    
      
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