Document:

EXHIBIT 10.12

                               SEVERANCE AGREEMENT

     AGREEMENT effective as of January 1, 2004 between Nalco Company, (the
"Company") and Mark L. Bosanko ("Executive").

     WHEREAS, Executive is currently a valued employee of the Company;

     WHEREAS, Executive has been offered the opportunity to enter into certain
equity and option agreements relating to the Company; and

     WHEREAS, the Company desires to promote the continued good performance of
Executive by offering this Severance Agreement; and

     WHEREAS, the parties desire to enter into this Agreement;

     NOW, THEREFORE, in consideration of the premises and mutual covenants
herein and for other good and valuable consideration, the parties agree as
follows:

     1. Definitions. For purposes of this Agreement, the following terms shall
have the meanings indicated.

     "BASE SALARY" means Executive's annual base salary immediately prior to the
Severance;

     "CAUSE" means (i) Executive's conviction of, plea of nolo contendere or
guilty to, or written admission of, the commission of a felony, (ii) any act by
Executive involving moral turpitude, fraud or misrepresentation with respect to
his duties for the Company, or (iii) gross negligence, willful misconduct, or an
unjustified refusal on the part of Executive to perform his duties as an
employee, officer or member of the Company.

     "CHANGE OF CONTROL" is an occurrence on which either (i) the Company
ceases, for any reason, to be a member of the same controlled group as Parent
within the meaning of Section 414(b) and (c) of the Code, except that a 50%
ownership test shall be applied in lieu of the 80% ownership test specified in
each of the foregoing Sections of the Code (the "PARENT CONTROLLED GROUP"), or
(ii) all or at least 80% of the assets of the Company and its majority owned (by
voting control) entities are sold to an entity outside the Parent Controlled
Group.

     "CODE" means the Internal Revenue Code of 1986, as amended.

     "COMPANY" means Nalco Company and any successor (whether direct or
indirect) to all or substantially all of the stock, assets or business of Nalco
Company.

     "EQUITY AGREEMENTS" means those Agreements executed simultaneously with
this Agreement pursuant to which Executive is purchasing certain Units and
restricted Units in Nalco LLC.

     "GAINS" means any gains which Executive receives in cash on any Units which
are the subject of the Equity Agreements, as a result of a Company purchase of
such Units at the time Executive's employment with the Company terminates
pursuant to the Company's call rights under the Equity Agreements.

     "GOOD REASON" means the occurrence of any of the following events without
Executive's written consent, (i) a reduction by the Company in Executive's
annual base salary, or (ii) a material reduction by the Company in Executive's
duties and responsibilities, or the assignment to Executive of duties that are
inconsistent, in a material respect, with the scope of duties and
responsibilities associated with Executive immediately prior to such assignment.

     "TARGET BONUS" means, with respect to any fiscal year of the Company, the
target annual bonus, assuming achievement of 100% of target, under the
applicable Company annual incentive plan, (currently known as the Management
Incentive Plan) for Executive for such year, but shall exclude any bonus payable
under the Long Term Cash Incentive Plan or its equivalent.

     "PARENT" means Nalco Holdings LLC.

     2. Term of Agreement. This Agreement shall be in effect from the date
hereof until December 31, 2008 (the "Term"); provided, however, that if a Change
in Control shall occur prior to December 31, 2008, the Term shall then continue
until the second anniversary of such Change of Control or December 31, 2008,
whichever is longer. Notwithstanding the foregoing, Executive's employment at
all times shall be deemed to be an employment at-will and Executive's employment
may be terminated at will by Executive or the Company.

     3. Severance.

          (a) Termination Without Cause by the Company; by Executive for Good
     Reason. If Executive's employment with the Company is terminated during the
     Term by the Company without Cause or by Executive for Good Reason, in lieu
     of any other severance benefits to which Executive would be entitled under
     either any other plan or program of the Company or an existing employment
     or severance agreement with the Company, Executive shall be entitled to the
     following benefits.

               (i) The Company shall pay Executive, within thirty days of the
          date of such termination of employment (the "DATE OF TERMINATION") in
          a lump sum payment A) accrued unpaid Base

                                       2

          Salary through the Date of Termination, B) any prior year bonus earned
          but not paid, C) severance equal one and one-half (1.5) times Base
          Salary and Target Bonus. The Company shall also pay a pro-rata portion
          of any Management Incentive Bonus for the year of termination based on
          the portion of the year elapsed through the date of termination, any
          such Management Incentive Bonus being paid in accordance with the
          Company's normal cycle for such payment. The amount under Section
          3(a)(i)(C) shall be reduced by the amount of any Gains (but in no
          event less than zero), received by Executive at or about the time of
          termination as a result of the Company's exercise of its call rights
          under the Equity Agreements.

               (ii) Except as otherwise indicated herein, Executive shall
          receive any other benefits they are otherwise eligible for under other
          plans or programs of the Company in accordance with their terms.
          Executive shall have the right to continue medical or dental benefits
          for a period equal to the severance pay period at the active employee
          rate. For clarity, the severance pay period shall equal the number of
          year(s) used to calculate the payment under Section 3(a)(i)(C).

               (iii) Other than the benefits set forth in this Section 3(a), the
          Company and its affiliates will have no further obligations hereunder
          with respect to Executive following the Date of Termination.

               (iv) Executive shall not be required to mitigate damages or the
          amount of any payment provided for under this Agreement by seeking
          other employment or otherwise, nor will any payments hereunder be
          subject to offset in respect of any claims which the Company may have
          against Executive, nor, shall the amount of any payment or benefit
          provided for in this Section 3 be reduced by any compensation earned
          as a result of Executive's employment with another employer.

          (b) Any Other Termination. If Executive's employment is terminated
     during the Term of this Agreement for any reason other than as set forth in
     Section 3(a), neither Executive nor his estate shall be entitled to any
     severance payments or insurance benefits under this Agreement.

          (c) Covenants and Release. As a condition precedent to payment under
     this Agreement or payment of severance or grant of any other benefit
     hereunder, Executive must comply with, and continue to comply with, the
     Covenants and Terms attached hereto as Exhibit A, and sign and deliver a
     release to the Company within one week after the

                                       3

     termination of Executive's employment in a form substantially in the form
     of General Release, attached hereto as Exhibit B.

     4. Termination of Certain Other Benefits and Agreements

          (a) The parties mutually terminate, and Executive hereby waives and
     releases any and all claims he or she has, either existing or to be earned
     in the future relating to, any agreement Executive has with the Company or
     any of its affiliates, relating to severance, change-in-control,
     supplemental retirement benefits, letter of credit or pension benefits
     other than those available through the standard Nalco pension plans.
     Further, the parties terminate the Employment Agreement dated January 1,
     2003, except that the that the following provision relating to a
     Termination Before Age 55 shall continue in effect:

                            TERMINATION BEFORE AGE 55
                            -------------------------

In the event Executive's employment is terminated for Good Reason by the
Executive, or without Cause by the Company, before the Executive has attained
age 55, the Executive shall be deemed to have attained age 55 and to have
elected the benefits of early retirement on first day of the month following his
termination and the following will apply:

The Executive shall be deemed to have retired from the Company for all purposes
in respect of any post retirement medical, life insurance or disability plans,
arrangement or programs sponsored or maintained by the Company in accordance
with their terms on the date of January 1, 2003. When calculating the
Executive's pension benefit, the formula in effect on January 1, 2003 in the
Ondeo Nalco (now Nalco) Retirement Income Plan (the "RIP") shall be used along
with the Social Security offset and the then current actuarial reduction factors
from Normal Retirement Age (as defined in the RIP) down to age 55. The
Executive's Earnings shall be as defined as in the RIP and his Final Average
Earnings shall be the highest consecutive 48 months during the ten years prior
to his termination. Further, the Executive will be given credit for years of
service between the date of his termination and age 55. The Executive shall
receive a lump sum distribution of this pension benefit, and the GATT rate or
whatever rate is in effect in the RIP at the time of his termination shall be
used to convert his annuity benefit to a lump sum. The Company shall be credited
for any payments to the Executive from the qualified RIP with respect to the
above pension obligations owed the Executive. Any pension payable to the
Executive under the Ondeo Nalco (now Nalco) Profit Sharing and Saving Plan shall
be paid to him and shall not be credited toward the Company's obligation to pay
the above pension benefit.

     5. Miscellaneous.

          (a) Governing Law. This Agreement shall be governed by and construed
     in accordance with the laws of Illinois without reference to the principles
     of conflict of laws.

          (b) Entire Agreement/Amendments. This Agreement contains the entire
     understanding of the parties with respect to the severance payable to
     Executive in the event of a termination of employment. There are no
     restrictions, agreements, promises, warranties, covenants or undertakings
     between the parties with respect to the subject matter herein other than
     those expressly set forth herein. This Agreement may not be

                                       4

     altered, modified, or amended except by written instrument signed by the
     parties hereto.

          (c) No Waiver. The failure of a party to insist upon strict adherence
     to any term of this Agreement on any occasion shall not be considered a
     waiver of such party's rights or deprive such party of the right thereafter
     to insist upon strict adherence to that term or any other term of this
     Agreement.

          (d) Severability. If any one or more of the provisions of this
     Agreement shall be or become invalid, illegal or unenforceable in any
     respect, the validity, legality and enforceability of the remaining
     provisions of this Agreement shall not be affected thereby.

          (e) Assignment. This Agreement shall not be assignable by Executive
     and shall be assignable by the Company only with the consent of Executive;
     provided, however, that the Company shall require any successor to
     substantially all of the stock, assets or business of the Company to assume
     this Agreement.

          (f) Successors; Binding Agreement. This Agreement shall inure to the
     benefit of and be binding upon the personal or legal representatives,
     executors, administrators, successors, including successors to all or
     substantially all of the stock, business and/or assets of the Company,
     heirs, distributees, devisees and legatees of the parties.

          (g) Notice. For the purpose of this Agreement, notices and all other
     communications provided for in the Agreement shall be in writing and shall
     be deemed to have been duly given when delivered or mailed by United States
     certified mail, return receipt requested, postage prepaid, addressed to the
     respective addresses set forth on the execution page of this Agreement,
     provided that all notices to the Company shall be directed to the attention
     of the Board of Directors of the Company with a copy to the Secretary of
     the Company, or to such other address as either party may have furnished to
     the other in writing in accordance herewith, except that notice of change
     of address shall be effective only upon receipt.

          (h) Withholding Taxes. The Company may withhold from any amounts
     payable under this Agreement such U.S. federal, state and local taxes as
     may be required to be withheld pursuant to any applicable law or
     regulation.

          (i) Counterparts. This Agreement may be signed in counterparts, each
     of which shall be an original, with the same effect as if the signatures
     thereto and hereto were upon the same instrument.

                                       5

          (j) Resignations. Executive agrees to immediately resign any positions
     held by him with the Company and its affiliates upon the termination of
     Executive's employment.

                                       6

     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
of the day and year first above written.

                                              NALCO COMPANY

                                              By: /s/ William H. Joyce
                                                  ------------------------
                                                  Name: William H. Joyce
                                                  Title: Chief Executive Officer

Dated: June 30, 2004                              Executive
       --------------------

                                                    By: /s/ Mark L. Bosanko
                                                        ------------------------
                                                            Mark L. BosankoEXHIBIT 10.13

                               SEVERANCE AGREEMENT

         AGREEMENT effective as of January 1, 2004 between Nalco Company (the
"Company") and Lou L. Loosbrock ("Executive").

         WHEREAS, Executive is currently a valued employee of the Company;

         WHEREAS, Executive has been offered the opportunity to enter into
certain equity and option agreements relating to the Company; and

         WHEREAS, the Company desires to promote the continued good performance
of Executive by offering this Severance Agreement; and

         WHEREAS, the parties desire to enter into this Agreement;

         NOW, THEREFORE, in consideration of the premises and mutual covenants
herein and for other good and valuable consideration, the parties agree as
follows:

         1. Definitions. For purposes of this Agreement, the following terms
shall have the meanings indicated.

         "BASE SALARY" means Executive's annual base salary immediately prior to
the Severance;

         "CAUSE" means (i) Executive's conviction of, plea of nolo contendere or
guilty to, or written admission of, the commission of a felony, (ii) any act by
Executive involving moral turpitude, fraud or misrepresentation with respect to
his duties for the Company, or (iii) gross negligence, willful misconduct, or an
unjustified refusal on the part of Executive to perform his duties as an
employee, officer or member of the Company.

         "CHANGE OF CONTROL" is an occurrence on which either (i) the Company
ceases, for any reason, to be a member of the same controlled group as Parent
within the meaning of Section 414(b) and (c) of the Code, except that a 50%
ownership test shall be applied in lieu of the 80% ownership test specified in
each of the foregoing Sections of the Code (the "PARENT CONTROLLED GROUP"), or
(ii) all or at least 80% of the assets of the Company and its majority owned (by
voting control) entities are sold to an entity outside the Parent Controlled
Group.

         "CODE" means the Internal Revenue Code of 1986, as amended.

         "COMPANY" means Nalco Company and any successor (whether direct or
indirect) to all or substantially all of the stock, assets or business of Nalco
Company.

         "EQUITY AGREEMENTS" means those Agreements executed simultaneously with
this Agreement pursuant to which Executive is purchasing certain Units and
restricted Units in Nalco LLC.

         "GAINS" means any gains which Executive receives in cash on any Units
which are the subject of the Equity Agreement, as a result of a Company purchase
of such Units at the time Executive's employment with the Company terminates
pursuant to Company's call rights under the Equity Agreements.

         "GOOD REASON" means the occurrence of any of the following events
without Executive's written consent, (i) a reduction by the Company in
Executive's annual base salary, or (ii) a material reduction by the Company in
Executive's duties and responsibilities, or the assignment to Executive of
duties that are inconsistent, in a material respect, with the scope of duties
and responsibilities associated with Executive immediately prior to the Change
of Control.

         "TARGET BONUS" means, with respect to any fiscal year of the Company,
the target annual bonus, assuming achievement of 100% of target, under the
applicable Company annual incentive plan, (currently known as the Management
Incentive Plan) for Executive for such year, but shall exclude any bonus payable
under the Long Term Cash Incentive Plan or its equivalent.

         "PARENT"  means Nalco Holdings LLC.

         2. Term of Agreement. This Agreement shall be in effect from the date
hereof until December 31, 2008 (the "Term"); provided, however, that if a Change
in Control shall occur prior to December 31, 2008, the Term shall then continue
until the second anniversary of such Change of Control or December 31, 2008,
whichever is longer. Notwithstanding the foregoing, Executive's employment at
all times shall be deemed to be an employment at-will and Executive's employment
may be terminated at will by Executive or the Company.

         3. Severance.

              (a) Termination Without Cause by the Company; by Executive for
         Good Reason. If Executive's employment with the Company is terminated
         during the Term by the Company without Cause or by Executive for Good
         Reason, in lieu of any other severance benefits to which Executive
         would be entitled under either any other plan or program of the
         Company or an existing employment or severance agreement with the
         Company, Executive shall be entitled to the following benefits.

                   (i) The Company shall pay Executive, within thirty days of
              the date of such termination of employment (the "DATE OF
              TERMINATION") in a lump sum payment A) accrued unpaid Base

                                       2

              Salary through the Date of Termination, B) any prior year bonus
              earned but not paid, C) severance equal to one and one-half (1.5)
              times Base Salary and Target Bonus. The Company shall also pay a
              pro-rata portion of any Management Incentive Bonus for the year of
              termination based on the portion of the year elapsed through the
              date of termination, any such Management Incentive Bonus being
              paid in accordance with the Company's normal cycle for such
              payment. The amount under Section 3(a)(i)(C) shall be reduced by
              the amount of any Gains (but in no event less than zero), received
              by Executive at or about the time of termination as a result of
              the Company's exercise of its call rights under the Equity
              Agreements.

                   (ii) Except as otherwise indicated herein, Executive shall
              receive any other benefits they are otherwise eligible for under
              other plans or programs of the Company in accordance with their
              terms. Executive shall have the right to continue medical or
              dental benefits for a period equal to the severance pay period at
              the active employee rate. For clarity, the severance pay period
              shall equal the number of year(s) used to calculate the payment
              under Section 3(a)(i)(C).

                   (iii) Other than the benefits set forth in this Section 3(a),
              the Company and its affiliates will have no further obligations
              hereunder with respect to Executive following the Date of
              Termination.

                   (iv) Executive shall not be required to mitigate damages or
              the amount of any payment provided for under this Agreement by
              seeking other employment or otherwise, nor will any payments
              hereunder be subject to offset in respect of any claims which the
              Company may have against Executive, nor, shall the amount of any
              payment or benefit provided for in this Section 3 be reduced by
              any compensation earned as a result of Executive's employment with
              another employer.

              (b) Any Other Termination. If Executive's employment is terminated
         during the Term of this Agreement for any reason other than as set
         forth in Section 3(a), neither Executive nor his estate shall be
         entitled to any severance payments or insurance benefits under this
         Agreement.

              (c) Covenants and Release. As a condition precedent to payment
         under this Agreement or payment of severance or grant of any other
         benefit hereunder, Executive must comply with, and continue to comply
         with, the Covenants and Terms attached hereto as Exhibit A, and sign
         and deliver a release to the Company within one week after the

                                       3

         termination of Executive's employment in a form substantially in the
         form of General Release, attached hereto as Exhibit B.

         4. Termination of Other Benefits and Agreements

              (a) The parties mutually terminate, and Executive hereby waives
         and releases any and all claims he or she has, either existing or to be
         earned in the future relating to, any existing agreement Executive has
         with the Company or any of its affiliates, relating to severance,
         change-in-control, supplemental retirement benefits, letter of credit
         or pension benefits other than those available through the standard
         Nalco pension plans. Further the parties mutually terminate the
         following agreements: the Employment Agreement dated January 1, 2003,
         except that the following bridging and relocation provisions shall not
         be terminated:

TERMINATION BEFORE AGE 55

         If the Executive's employment is terminated for Good Reason, without
Cause, and the Executive has not attained age 55, the Executive's severance pay
under this Agreement will be paid in the form and amounts as if he had continued
to be actively employed, until the Executive attains age 55. If the severance
pay is insufficient to be paid in the full regular paychecks, the severance pay
shall be prorated over the period. If there is severance pay remaining when the
Executive attains age 55, the remaining balance shall then be paid in a lump sum
to the Executive. This arrangement will enable the Executive to elect the
benefits of early retirement on the 1st day of the month following his 55th
birthday. Upon retirement, the Executive will qualify for all retirement
benefits then generally available to retirees.

                            RETURN TO NAPERVILLE, IL

         The Company will pay for the return of the Executive, his family, and
his moving expenses consistent with Company policy for employees at the
Executive's level, to Naperville, Illinois at the end of the Executive's
assignment in Asia Pacific, or wherever he may be located after a reassignment.

         5. Miscellaneous.

              (a) Governing Law. This Agreement shall be governed by and
         construed in accordance with the laws of Illinois without reference to
         the principles of conflict of laws.

                                       4

              (b) Entire Agreement/Amendments. This Agreement contains the
         entire understanding of the parties with respect to the severance
         payable to Executive in the event of a termination of employment. There
         are no restrictions, agreements, promises, warranties, covenants or
         undertakings between the parties with respect to the subject matter
         herein other than those expressly set forth herein. This Agreement may
         not be altered, modified, or amended except by written instrument
         signed by the parties hereto.

              (c) No Waiver. The failure of a party to insist upon strict
         adherence to any term of this Agreement on any occasion shall not be
         considered a waiver of such party's rights or deprive such party of the
         right thereafter to insist upon strict adherence to that term or any
         other term of this Agreement.

              (d) Severability. If any one or more of the provisions of this
         Agreement shall be or become invalid, illegal or unenforceable in any
         respect, the validity, legality and enforceability of the remaining
         provisions of this Agreement shall not be affected thereby.

              (e) Assignment. This Agreement shall not be assignable by
         Executive and shall be assignable by the Company only with the consent
         of Executive; provided, however, that the Company shall require any
         successor to substantially all of the stock, assets or business of the
         Company to assume this Agreement.

              (f) Successors; Binding Agreement. This Agreement shall inure to
         the benefit of and be binding upon the personal or legal
         representatives, executors, administrators, successors, including
         successors to all or substantially all of the stock, business and/or
         assets of the Company, heirs, distributees, devisees and legatees of
         the parties.

              (g) Notice. For the purpose of this Agreement, notices and all
         other communications provided for in the Agreement shall be in writing
         and shall be deemed to have been duly given when delivered or mailed by
         United States certified mail, return receipt requested, postage
         prepaid, addressed to the respective addresses set forth on the
         execution page of this Agreement, provided that all notices to the
         Company shall be directed to the attention of the Board of Directors of
         the Company with a copy to the Secretary of the Company, or to such
         other address as either party may have furnished to the other in
         writing in accordance herewith, except that notice of change of address
         shall be effective only upon receipt.

              (h) Withholding Taxes. The Company may withhold from any amounts
         payable under this Agreement such U.S. federal, state and local taxes
         as may be required to be withheld pursuant to any applicable law or
         regulation.

                                       5

              (i) Counterparts. This Agreement may be signed in counterparts,
         each of which shall be an original, with the same effect as if the
         signatures thereto and hereto were upon the same instrument.

              (k) Resignations. Executive agrees to immediately resign any
         positions held by him with the Company and its affiliates upon the
         termination of Executive's employment.

                                       6

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first above written.

                                       NALCO COMPANY

                                       By: /s/ William H. Joyce
                                          --------------------------------------
                                          Name: William H. Joyce
                                          Title: Chief Executive Officer

Dated: June 30, 2004                    Executive
       --------------------

                                       By: /s/ Lou L. Loosbrock
                                          ----------------------------------
                                               Lou L. Loosbrock

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}]]