Exhibit 10(k)

                         THE BLACK & DECKER CORPORATION
                              Amended and Restated
                              EMPLOYMENT AGREEMENT

         This AMENDED AND RESTATED  EMPLOYMENT  AGREEMENT is made as of this 1st
day of  November,  1995,  between  The Black & Decker  Corporation,  a  Maryland
corporation (the "Corporation"), and Nolan D. Archibald (the "Executive").
         The  Corporation  desires  to  continue to have  the  benefits  of the
Executive's knowledge and  experience  as a full-time  employee,  and the 
Executive  desires to continue in full-time employment with the Corporation.
         Accordingly,   in   consideration   of   the   mutual   covenants   and
representations contained herein, the parties agree as follows:
         1.  Full-Time Employment of Executive.
                  a.  Duties and Status.
                           (1)  The Corporation hereby engages the Executive
as Chairman and Chief Executive  Officer for the employment period as defined in
paragraph  3.a.  and the  Executive  accepts  such  employment  on the terms and
conditions  set forth in this  Agreement.  During  the  employment  period,  the
Executive  shall be  assigned  to  corporate  headquarters  located  at  Towson,
Maryland. The Executive shall exercise such authority and perform such duties as
are commensurate  with the By-Laws of the Corporation and the normal duties of a
Chairman and Chief Executive Officer of a publicly traded corporation, and shall
perform such other reasonably related managerial duties and responsibilities for
the  Corporation  as may be  assigned  to him by the Board of  Directors  of the
Corporation.
                           (2)  During the employment period, the Executive
shall (a) devote his full time and efforts to the  business  of the  Corporation
and,  unless  approved by the Board of  Directors of the  Corporation,  will not
engage in consulting work or any trade or business for his own account or for or
on behalf of any other person, firm or corporation which competes,  conflicts or
interferes  with the  performance  of his duties  hereunder  in any way, and (b)
accept such additional office or offices to which he may be elected by the Board
of Directors of the Corporation,  provided that the performance of the duties of
such office or offices shall be consistent with the scope of the duties provided
for in subparagraph (1) of this paragraph a.
                  b.  Compensation and General Benefits.
                           (1)  The Corporation shall pay the Executive an
annual  salary  which is not less than the greater of (i) his annual base salary
from the  Corporation  on the date hereof or (ii) any  subsequently  established
higher  annual  base  salary.  Such salary  shall be payable in  periodic  equal
installments which are not less frequent than the periodic installments relating
to his salary immediately prior to the date hereof. Such salary shall be subject
to normal periodic review for increases based on the policies of the Corporation
and contributions to the enterprise.
                           (2)  In addition to the salary provided by sub-
paragraph (1) of this paragraph b, the Corporation  shall provide thrift,  stock
option,  retirement,   group  life,  supplemental  life,  long-term  disability,
accident, dental and health insurance programs and other perquisites and 
benefits available to the Corporation's principal executive officers. The  
Executive shall also be entitled to participate in any other employee  benefit  
programs that may be established by the Corporation and in which other 
executives of the Corporation are entitled to participate,  including,  without
limitation, any annual incentive plan, performance equity plan, and supplemental
executive retirement plan as in effect from time to time.
             2.  Competition; Confidential Information.
                  The Executive and the Corporation recognize that, due
to the nature of his engagements hereunder and the relationship of the Executive
to the  Corporation,  the  Executive  will have  access  to,  and may  assist in
developing,  confidential and proprietary  information  relating to the business
and operations of the Corporation and its affiliates. The Executive acknowledges
that such  information  will be of central  importance  to the  business  of the
Corporation and its affiliates and that disclosure of it to or its use by others
could  cause  substantial  loss  to  the  Corporation.  The  Executive  and  the
Corporation also recognize that an important part of the Executive's duties will
be to develop good will for the  Corporation  through his personal  contact with
others having  business  relationships  with the Corporation and its affiliates,
and that  there is a danger  that this good  will,  a  proprietary  asset of the
Corporation  and its  affiliates,  may  follow  the  Executive  if and  when his
relationship  with the  Corporation  is  terminated.  The Executive  accordingly
agrees as follows:
                  a.  Non-Competition.  During the employment period, as defined
in  Section  3.a.,  the  Executive  will not,  directly  or  indirectly,  either
individually or as owner,  partner,  agent,  employee,  consultant or otherwise,
except for the account of and on behalf of the  Corporation  or its  affiliates,
engage in any activity  competitive  with the business of the Corporation or its
affiliates,  nor will he, in competition with the Corporation or its affiliates,
solicit or otherwise  attempt to establish any business  relationships  with any
person, firm or corporation which was, at any time during the employment period,
a customer or supplier of the  Corporation.  However,  nothing in this Section 2
shall be construed to prevent the Executive from owning,  as an investment,  not
more than 5% of a class of equity  securities  issued by any  competitor  of the
Corporation  and  publicly  traded  and  registered  under  Section  12  of  the
Securities Exchange Act of 1934.
                  b. Confidential Information. During and at all times after the
expiration  of the  employment  period,  the Executive (1) will not disclose any
trade secrets,  customer lists,  production processes,  business plans, or other
proprietary  information  which is treated as confidential by the Corporation or
its affiliates  which is now known to him or which hereafter may become known to
him as a result of his employment or association  with the  Corporation  and (2)
will not at any time,  directly or indirectly,  disclose any such information to
any  person,  firm or  corporation,  or use the  same in any way  other  than in
connection with the business of the Corporation or its affiliates.
                  c.  Corporation's  Remedies for Breach.  It is recognized that
damages  in the  event of breach of this  Section  2 by the  Executive  would be
difficult, if not impossible,  to ascertain,  and it is, therefore,  agreed that
the  Corporation,  in addition to and without limiting any other remedy or right
it may have,  shall have the right to an injunction or other equitable relief in
any court of competent jurisdiction, enjoining any such breach. The existence of
this right shall not  preclude any other rights and remedies at law or in equity
which the Corporation may have.
         3.  Employment Period.
                  a. Duration.  The employment period, which commenced prior to 
the date of this Agreement, shall continue until this Agreement is terminated by
(1) the death or substantially total disability of the Executive, (2) mutual 
agreement, (3) action of the Corporation for justifiable cause as provided in 
paragraph 3.b., (4) action of the Corporation or notice by the Executive as
provided in paragraph 3.c., or (5) the voluntary resignation of the Executive 
upon 30 days prior written notice.
                  b. Performance and Termination - Employment Period. Subject to
the performance of the covenants and agreements made by the Corporation  herein,
the Executive will perform his duties during the employment period in good faith
and will observe faithfully the covenants and agreements made by him herein. The
Corporation  shall not  terminate the  employment  of the  Executive  during the
employment period except for substantial and serious cause involving dishonesty,
gross negligence, material and persistent failure of the Executive to perform 
his duties hereunder, or material breach of  express  obligations  of this 
Agreement within the control of the Executive.  The termination of the 
Executive's employment for reasons other than those specified in the preceding 
sentence shall be deemed to be a termination of employment  without  justifiable
cause and shall be an immediate termination of this  Agreement.  After such  
termination,  the Executive shall be immediately entitled to the severance  pay 
and benefits provided in Section 3.c. of this Agreement.  No  breach  or default
by the  Executive shall be deemed to have occurred  hereunder  unless  written 
notice thereof shall have been given by the Corporation  to the Executive  and 
the Executive shall have failed to cure such breach or default within 30 days 
after he receives the notice.
                  c.  Executive's Remedies for Breach.
                           (1)  This Agreement shall be immediately terminat-
ed without  further notice if the  Corporation  terminates the employment of the
Executive without  justifiable cause. This Agreement may also be terminated upon
written  notice  from the  Executive  to the  Board  of  Directors  if:  (i) the
Corporation  shall fail to observe or perform  any  covenant  to be  observed or
performed by the Corporation,  or (ii) the Corporation  shall materially  change
the Executive's  duties so that he is no longer  performing the functions of the
Chairman and Chief Executive  Officer,  or (iii) the Corporation shall otherwise
materially breach this Agreement.
                           (2)  If this Agreement is terminated for any reason 
identified in paragraph 3.c.(1), all rights, duties and obligations shall cease 
except that the provisions of paragraph 2.b. of this Agreement shall remain in 
force and except that the Corporation shall be obligated to provide the 
following benefits:
                                    (A)  The Corporation shall pay the Executive
his full base salary  through the date of  termination  at the rate in effect at
the time of his  termination,  plus all other  amounts  to which he is  entitled
under any compensation  plan of the  Corporation,  at the time such payments are
due, except as otherwise provided below.
                                    (B)  In lieu of any further salary payments
to the Executive  for periods  subsequent to his  termination,  the  Corporation
shall  pay as  severance  pay to the  Executive a lump sum  severance  payment
(together  with  the  payments  provided  in  paragraph  C,  below,  the
"Severance  Payments") equal to his Performance Equity Plan ("PEP") Maximum
Payment  plus  three  times  the sum of his (x) annual base salary in effect
immediately prior to the Executive's termination and (y) Annual Incentive Plan
("AIP") Maximum Payment for the year in which the date of termination occurs.
PEP  Maximum  Payment  shall mean an amount equal to the value of 150% of the
Performance Shares that are forfeited by the Executive pursuant to the PEP as a
result of the Executive's termination.  For purposes of calculating  the PEP
Maximum  Payment,  the per share  value of the  shares of common stock of the
Corporation (the "Corporation's Shares") shall be the closing price per share of
the Corporation's Shares as reported on the New York Stock Exchange (the "NYSE")
on or nearest to the date of termination (or, if not listed on the NYSE, on a 
nationally recognized exchange or quotation system on which volume in the 
Corporation's Shares is highest).  The provisions of this paragraph  3.c.(2)(B) 
shall not in any way affect the Executive's rights under the PEP.  AIP  Maximum
Payment shall mean the maximum payment that the Executive could have received 
under the AIP.
                                    (C) The Corporation shall pay to the Execu-
tive any deferred  compensation,  including but not limited to deferred  bonuses
and amounts deferred under the Executive Deferred  Compensation Plan,  allocated
or credited to the Executive or his account as of the date of termination.   
                                    (D)  The Corporation shall also pay to the
Executive  all  legal  fees and  expenses  incurred  by him as a result  of such
termination  (including  all  such  fees  and  expenses,  if  any,  incurred  in
contesting or disputing any such  termination or in seeking to obtain or enforce
any right or benefit  provided by this  Agreement or in connection  with any tax
audit or proceeding to the extent  attributable  to the  application  of Section
4999 of the Code to any payment or benefit provided hereunder).
                                    (E) If the payments provided under para-
graphs (B) and (C) above (the "Contract  Payments") or any other portion of
the Total Payments (as  defined  below) will be subject to the tax imposed by
Section 4999 of the Code (the "Excise Tax"), the  Corporation shall pay to the
Executive at the time specified in paragraph (F) below, an additional amount
(the  "Gross-Up  Payment") such that the net amount retained by the Executive,
after deduction of any Excise Tax on the Contract Payment and such other Total
Payments and any federal and state and local income tax and Excise Tax upon the
payment provided for by this paragraph, shall be equal to the Contract Payments
and such other Total Payments.  For purposes of determining whether any of the
payments will be subject to the Excise Tax and the amount of such Excise Tax,
(i) any other payments or benefits received or to be received by the Executive
in connection with a change in control of the Corporation or his termination of
employment (whether payable pursuant to the terms of this Agreement or any other
plan, arrangement or agreement with the Corporation, its successors, any person
whose  actions  result  in a change in control of the Corporation  or any
corporation affiliated (or which, as a result of the completion of a transaction
causing a change in control of the Corporation, will become affiliated) with the
Corporation within the meaning of Section 1504 of the Code (together  with the
Contract  Payments, the "Total  Payments") shall be treated as  "parachute
payments" within the meaning of Section  280G(b)(2) of the Code, and all "excess
parachute payments" within the meaning of Section 280G(b)(1) shall be treated as
subject to the Excise Tax, unless in the opinion of tax counsel selected by the 
Corporation's independent auditors and acceptable to the Executive the Total 
Payments (in whole or in part) do not constitute parachute payments, or such 
excess parachute payments (in whole or in part) represent reasonable 
compensation  for services actually rendered within the meaning of Section  
280G(b)(4)(B) of the Code either to the extent such reasonable compensation  is 
in excess of the base amount within the meaning of Section 280G(b)(3) of the 
code, or are otherwise not subject to the Excise Tax, (ii) the amount of the 
Total Payments that shall be treated as subject to the Excise Tax shall be equal
to the lesser of (A) the total amount of the Total Payments or (B) the amount of
excess parachute payments within the meaning of Section 280G(b)(1)  (after  
applying clause (i), above) and (iii) the value of any non-cash  benefits or any
deferred  payment or benefit  as  determined  by the Corporation's independent 
auditors in accordance with the principles of Sections 280G(d)(3) and (4) of the
Code.  For purposes of determining the amount of the Gross-Up  Payment,  the 
Executive shall be deemed to pay federal income taxes at the highest  marginal  
rate of federal  income  taxation in the calendar year in which the Gross-Up 
Payment is to be made and state and local income taxes at the highest  marginal
rate of taxation in the state and locality of the  Executive's residence on the 
date of  termination,  net of the maximum  reduction in federal income  taxes  
which could be obtained from deduction of such state and local taxes. In the 
event that the Excise Tax is subsequently determined to be less than the amount 
taken into account  hereunder at the time of  termination of the Executive's  
employment, he shall repay to the Corporation at the time that the amount of 
such reduction in Excise Tax is finally  determined the portion of the Gross-Up 
Payment attributable to such reduction (plus the portion of the Gross-Up Payment
attributable to the Excise Tax and federal and state and local income tax 
imposed on the Gross-Up Payment being repaid by the Executive if such repayment
results in a  reduction  in Excise Tax and/or a federal and state and local 
income tax deduction) plus interest on the amount of such repayment at the rate
provided in Section  1274(d) of the Code. In the event that the Excise Tax is 
determined  to exceed the amount taken into account hereunder at the time of the
termination  of the  Executive's  employment  (including  by  reason of any
payment the existence or amount of which cannot be determined at the time of the
Gross-Up Payment),  the Corporation shall make an additional Gross-Up Payment in
respect of such excess (plus any  interest  payable with respect to such excess)
at the time that the amount of such excess is finally determined.
                                    (F) The payments provided for in paragraphs
(B), (C), and (E)  above shall be made not later than  the  fifth  day
following the date of the Executive's  termination, provided, however, that if
the amounts of such payments cannot be finally determined on or before such day,
the  Corporation  shall pay to the  Executive on such  day an  estimate,  as
determined in good faith by the Corporation, of the  minimum  amount of such
payments and shall pay the remainder of such payments (together with interest at
a rate equal to 120% of the rate provided in Section 1274(d) of the Code) as 
soon as the amount thereof can be determined but in no event later than the 
thirtieth day after the date of the Executive's termination.  In the event that
the amount of the estimated payments exceeds the amount subsequently determined 
to have been due, such excess shall constitute a loan by the Corporation  to the
Executive  payable  on the fifth  day  after  demand by the Corporation 
(together with interest at a rate equal to 120% of the rate provided in Section 
1274(d) of the Code).  The payments  provided  for in paragraph (D) above shall 
be made from time to time, in each instance not later than the fifth day 
following a written request for payment by the Executive.
                                    (G) For a 36-month period after the termina-
tion of the Executive,  the  Corporation  shall provide the Executive with life,
disability,  accident and health  insurance  benefits  substantially  similar to
those which he is receiving immediately prior to termination. Benefits otherwise
receivable by the Executive  pursuant to this  subparagraph (G) shall be reduced
to the extent comparable  benefits are actually received by the Executive during
the 36-month period  following his termination,  and any such benefits  actually
received by the Executive shall be reported to the Corporation.
                                    (H)  If upon the Executive's termination he
is not eligible  because of age or lack of credited  service to receive benefits
under the provisions of the Corporation's Supplemental Executive Retirement Plan
(the "SERP"),  then upon his attaining at least age 55, the Corporation will pay
the Executive  the same  benefits  that he would have been entitled to receive 
under the SERP as if he had remained an employee of the Corporation  until the 
greater of age 55 or his actual age on the date of his  termination  plus the 
Additional Age Credit defined below. If upon the Executive's  termination he is 
eligible to receive benefits under the provisions of the SERP, then the 
Corporation will pay him the  benefits  that he  would  have  been  entitled  to
receive  under  the provisions  of the  SERP as if he had  accumulated  the  
Additional  Age  Credit defined below. Additional Age Credit shall mean 36 
additional months of age. For the purpose of this paragraph in determining 
"Final Average Pay" under the SERP, the greater of "Final  Average Pay" 
(as defined in the SERP) or the  Executive's "Pay" (as defined in the SERP) for 
the 12-month  period prior to his termination of employment will be used.
                                    (I)  The Executive shall not be required to
mitigate  the amount of any payment  provided for in this  Paragraph  3.c.(2) by
seeking other  employment  or otherwise,  nor shall the amount of any payment or
benefit  provided for in this Paragraph  3.c.(2) be reduced by any  compensation
earned by the  Executive as the result of  employment  by another  employer,  by
retirement  benefits,  by offset  against  any amount  claimed to be owed by the
Executive to the Corporation,  or otherwise  except as specifically  provided in
this Paragraph 3.c.(2).
                                    (J) In addition to all other amounts payable
to the Executive under this Paragraph 3.c.(2), the Executive shall be entitled 
to receive all benefits payable to him under the Black & Decker Retirement Plan,
Thrift Plan and any other plan or agreement relating to retirement benefits.
                  d. If termination of the Executive's  employment  occurs under
circumstances  to which both this  Agreement  and a change of control  agreement
between the Corporation and the Executive  apply, the Executive will be entitled
to the benefits of the more favorable agreement, but not to both.
                  e. No payments made under the provisions of paragraph  3.c.(2)
of this Agreement shall be offset against payments to which the Executive may be
entitled under the SERP and vice versa.
         4. Waivers.
                  The waiver by the  Corporation of a breach by the Executive of
any provision of this Agreement shall not operate or be construed as a waiver of
any subsequent breach by him.
         5. Binding Effect.
                  The  rights  and  obligations  of the  Corporation  under this
Agreement shall inure to the benefit of and shall be binding upon the successors
and assigns of the Corporation.
         6. Entire Agreement.
                  Except  as  otherwise  herein  provided,  this  Agreement  and
attachments hereto constitute the entire  understanding of the Executive and the
Corporation with respect to the subject matter hereof and supersedes any and all
prior  understandings,  written or oral.  This  Agreement  may not be changed or
canceled  orally,  but only by an instrument  in writing  signed by the parties.
This Agreement shall be governed by the laws of the State of Maryland and the 
invalidity or unenforceability of any provisions hereof shall in no way affect 
the validity or enforceability of any other provision.
         IN WITNESS  WHEREOF,  the parties  have  executed  and  delivered  this
Agreement as of the date first above written.

ATTEST:                                        THE BLACK & DECKER CORPORATION


/S/  BARBARA B. LUCAS                          By /S/  LAWRENCE R. PUGH
                                                  Lawrence R. Pugh, Chairman,
                                                  Organization Committee

WITNESS:


/S/  LOWELL R. BOWEN                              /S/  NOLAN D. ARCHIBALD (SEAL)
                                                       Nolan D. Archibald