Document:

Employment Agreement

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT, made
and entered into this 1st day of May, 2007, by and between JohnsonDiversey, Inc., a Delaware corporation (“JDI”) and James Larson
(“Employee”). 
 In consideration of the mutual promises and agreements set forth below, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I 
 Employment 
 1.1 Position and Responsibilities. During this Agreement and
subject to the terms and conditions hereof, JDI agrees to employ Employee, and Employee agrees to serve as Senior Vice President, Global Human Resources of JDI. In such capacity Employee will report to the President/CEO of JDI, and to be responsible
for the typical management responsibilities expected of an officer holding such a position and such other duties and responsibilities consistent with such position as may be assigned to the Employee from time to time by the President/CEO.

 1.2 Term. Subject to Article II hereof, the Agreement may be terminated by either party, for any reason or no reason, upon two
weeks prior written notice to the other party, except that no such notice shall be required in the event that JDI terminates this Agreement for Cause (as provided for in Article II, Section 2.2 hereof). 
 1.3 Place of Employment. Employee’s initial principal place of employment shall be
8310 16th Street, Sturtevant, Wisconsin. 
 1.4 Duties. During the Period of Employment, the Employee shall devote all of his business time, attention and skill to the business and affairs of the Company and its subsidiaries, except, so long as such activities do not
unreasonably interfere with the business of the Company or diminish the Employee’s obligations under the Agreement, that Employee may (i) participate in the affairs of any governmental, educational or other charitable institution, or
engage in professional speaking and writing activities, or (ii) serve as a member of the board of directors of other corporations, and in either case, the Employee shall be entitled to retain all fees, royalties and other compensation derived
from such activities in addition to the compensation and other benefits payable to him under this Agreement; and provided further, that the Employee may invest his personal or family funds in any form or manner he may choose that will not require
any services on his part in the operation of or the affairs of the entities in which such investments are made. The Employee will perform faithfully the duties consistent with his position and which may be assigned to him from time to time by the
President/CEO. 

 ARTICLE II 
 Termination 
 2.1 Voluntary Resignation or Termination Without Cause. JDI may terminate
Employee’s employment at any time without “Cause” (as defined in Section 2.2 hereof) upon two weeks written notice as provided in Article I, Section 1.2. Similarly, Employee may voluntarily resign at any time upon two weeks
written notice as provided in Article I, Section 1.2. 
 2.2 Termination for Cause. JDI may terminate Employee’s employment
at any time without the notice required in Article I, Section 1.2 if such termination is for “Cause” (as defined herein). “Cause” means termination for any of the following reasons: 
 (a) Material breach of this Agreement, after having received prior written notice of such material breach and Employee has not corrected
such material breach (if capable of correction) to the reasonable satisfaction of the President/CEO within the ten (10) day period following receipt by Employee of such written notice. 
 (b) Material failure to perform within the provisions of “This We Believe”. 
 (c) Willful misconduct, or willful violation of the law in the performance of duties under this Agreement. 
 (d) Willful failure or refusal to follow reasonable, explicit, and lawful instructions or directions from the President/CEO concerning the
operation of JDI’s business. 
 (e) Conviction of a felony. 
 (f) Theft or misappropriation of funds or property of JDI, or commission of any material act of dishonesty involving JDI, its employees,
or business. 
 (g) Appropriating any corporate opportunity of JDI, unless the transaction was approved in writing by the
President/CEO following full disclosure of all pertinent details of the transaction. 
 (h) Breach of fiduciary duty owed to
JDI as an officer of JDI. 
 (i) Material breach of any duty or obligation under the attached Confidentiality Agreement,
Non-Competition Agreement, and/or Trade Secret, Invention, and Copyright Agreement, after having received prior written notice of such material breach and Employee has not corrected such material breach (if capable of correction) to the reasonable
satisfaction of the President/CEO within the ten (10) day period following receipt by Employee of such written notice. 
  

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 2.3 Resignation for Good Reason, Retirement, Death, Disability or Termination without Cause

 (a) Employee’s employment shall terminate automatically and immediately upon Employee’s Retirement or Death. 
 (b) Upon the President/CEO’s written determination that Employee is unable, due to a disability, to continue carrying out the duties and
responsibilities of his position, Employee’s officer status will be terminated, and Employee’s employment will continue pursuant to the JDI’s applicable policies and benefits related to disabled employees. For purposes of this
Agreement, “disability” means the inability of the Employee, due to a physical or mental impairment, for 120 consecutive days to perform the essential duties and functions contemplated by this Agreement with reasonable accommodation. A
determination of disability shall be made by an independent physician selected by the President/CEO who is deemed satisfactory to the Employee, and Employee shall cooperate with the efforts to make such determination. Notice of determination of
disability shall be provided by the President/CEO in writing to Employee stating the facts and reasons for such determination. Any such determination shall be conclusive and binding on the parties. Nothing in this section, however, shall be deemed
to alter JDI’s duty to reasonable accommodate, if possible, any disability of Employee. Any determination of disability under this Section in not intended to affect any benefits which employee may be entitled under any long term disability
insurance policy provided by JDI or Employee with respect to Employee, which benefits shall be governed solely by the terms if any such insurance policy. 
 (c) Employee may resign at any time for “Good Reason” (as defined herein) without the need for two weeks written notice to JDI. “Good Reason” shall be defined as: (1) a material diminution in
the requirements of Employee’s employment, or (2) any other material change in such position, including titles, location, authority or responsibilities from those contemplated by Article I of this Agreement, or (3) a change in control
(defined as the sale of JDI to one or more independent third parties, pursuant to which such party or parties acquire (i) capital stock of JDI possessing the voting power to elect a majority of the Board (whether by merger, consolidation,
recapitalization or sale or transfer of JDI’s capital stock) or (ii) all or substantially all of JDI’s assets determined on a consolidated basis, or (4) Employee’s mandatory relocation, or (5) any change in reporting
relationship, or (6) any requirement that Employee office other than at JDI’s corporate headquarters offices, or (7) any material breach of the Agreement, including the Offer Letter, by JDI which is not corrected (if capable of
correction) to Employee’s reasonable satisfaction within the ten (10) day period after JDI receives written notice of the material breach from the Employee. 
  

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 2.4 Payments upon Termination Agreement. 
 (a) If Employee should resign his employment (other than for “Good Reason” as defined in Section 2.3 hereof), of if the President/CEO
should terminate Employee for Cause, Employee shall not be entitled to any compensation or remuneration other than such salary and benefits through the effective date of termination and amounts and benefits as Employee is eligible to receive under
JDI’s then prevailing policies and benefit plans and as prescribed by law, Employee’s accrued but unused vacation and incurred but unreimbursed business expenses. 
 (b) If Employee’s employment is terminated as a result of Death, or “disability,” Employee or his estate, as applicable shall, in addition
to any other compensation and benefits provided by JDI policies and benefit plans then in effect, receive a prorated performance bonus for the fiscal year in which the termination occurs, Employee’s accrued but unused vacation, incurred but
unreimbursed business expenses, and Employee’s accrued but unpaid performance bonus for the fiscal year prior to the fiscal year during which such Death or “disability” occurs. 
 (c) If Employee’s employment is terminated as a result of Termination without Cause or if Employee resigns for Good Reason, and so long as employee
does not materially breach any provisions of the Confidentiality Agreement, Non-Competion Agreement, Trade Secret, Invention, and Copyright Agreement and Code of Ethics, respectively, Employee will receive (1) continuation of Employee’s
base salary for one year; (2) a performance bonus prorated for the period worked during the year in which the termination occurs; (3) a performance bonus at the target level for the one-year salary continuation period; (4) one year of
JDI sponsored healthcare benefits for Employee and his eligible dependents at active employee contribution rates; and (5) a one year senior executive level outplacement program paid for by JDI provided by Right Management or other outplacement
firm selected by JDI. Payment of base salary and target bonus will be paid in equal installments over the one-year salary continuation period. In addition to the foregoing, if Employee is terminated without Cause or Employee resigns for Good Reason
prior to his five-year anniversary with JDI, any unvested stock and/or stock options will vest on Employee’s termination date. Moreover, Employee shall be paid his accrued but unused vacation, incurred but unreimbursed business expenses, and
Employee’s accrued but unpaid performance bonus for the fiscal year prior to the fiscal year during which such termination without Cause or resignation for Good Reason occurs. 
 (d) In addition, if Employee resigns for Good Reason or is terminated without Cause, prior to Employee’s five-year anniversary with JDI, JDI will
relocate Employee back to Illinois according to the terms of JDI’s relocation policy, such terms to be no less favorable than those in effect on the date of Employee’s offer of employment. 
  

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 ARTICLE III 
 Miscellaneous 
 3.1 Entire Agreement. This Agreement, including the Offer Letter of even date
herewith and the attached Confidentiality Agreement, Non-Competition Agreement, and Trade Secret, Invention, and Copyright Agreement incorporated herein under Section 3.9 hereof, sets forth the entire agreement between the parties relating to
the subject matter hereof and supersede all prior agreements between the parties relating to the subject matter hereof. 
 3.2 Waiver of
Breach. The waiver by a party of the breach of any provision of this Agreement shall not be deemed a waiver by said party of any other or subsequent breach. 
 3.3 Assignment. This Agreement shall not be assignable by JDI without the written consent of Employee; provided, however, that if JDI shall merge or consolidate with or into, transfer substantially all of its
assets, including goodwill, to another corporation or other form of business organization, this Agreement shall be binding upon and shall inure to the benefit of the successor corporation in such merger, consolidation or transfer. Employee may not
assign, pledge or encumber any interest in this Agreement or any part thereof without the written consent of JDI. 
 3.4 Disputes. Any
dispute or controversy arriving from or relating to this Agreement shall be submitted to and decided by binding arbitration in the State of Wisconsin, USA. At the request of either JDI or Employee, arbitration proceedings will be conducted in the
utmost secrecy; in such case, all documents, testimony and records shall be received, heard and maintained by the arbitrator(s) in secrecy, available for inspection only by JDI or by the Employee and by their respective attorneys and experts who
shall agree, in advance and in writing, to receive all such information in confidence and to maintain such information in secrecy until such information shall be generally known or until such time as said information is to be filed in court to
confirm or object to the arbitration award at which time the parties hereto will cooperate to maintain such secrecy if possible consistent with the result of the court. The parties shall share all expenses of arbitration equally unless the
arbitrator shall direct otherwise as part of the award. The arbitration will be conducted by a single arbitrator who is licensed to practice law in a State in the United States under the American Arbitration Association’s National Rules For The
Resolution Of Employment Disputes. The arbitrator shall have the discretionary authority to award reasonable attorney’s and arbitration fees, costs and expenses to the prevailing party. 
 3.5 Limitations on Claims. Any claim or controversy otherwise arbitrable hereunder shall be deemed waived, and no such claim or controversy shall
be made or raised, unless a request for arbitration thereof has been given as provided below to the other party in writing not later than six months after the date on which the facts giving rise to the claim or controversy first arose. 

 

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 3.6 Notices. All notices, requests, demands or other communications required or permitted under
this Agreement shall be in writing and shall be deemed to have been duly given to any party when delivered personally (by courier service or otherwise), when delivered by telecopy or facsimile, by overnight courier, or seven days after being mailed
by first-class mail, postage prepaid and return receipt requested in each case to the applicable addresses set forth below: 
  

			
	 If to Employee:
	  	James Larson
		  	Senior Vice President
		  	JohnsonDiversey, Inc.
		  	8310 16th Street
		  	P.O. Box 902
		  	Sturtevant, WI 53177-0902
		
	 If to JDI:
	  	Stephen A. Di Biase
		  	Senior Vice President
		  	JohnsonDiversey, Inc.
		  	8310 16th Street
		  	P.O. Box 902
		  	Sturtevant, WI 53177-0902

 or to such other address as such party shall have designated by written notice so given to each other party.

 3.7 Amendment. This Agreement may be modified only in writing, signed by both of the parties. Headings included in this Agreement
are for convenience only and are not intended to limit or expand the rights of the parties hereto. 
 3.8 Severability. If any
provision of this Agreement is determined to be invalid or unenforceable, then such invalidity or unenforceability shall have no effect on the other provisions hereof, which shall remain valid, binding and enforceable and in full force and effect,
and such invalid or unenforceable provisions, shall be construed in a manner so as to give the maximum valid and enforceable effect to the intent of the parties expressed therein. 
 3.9 Incorporation of Terms. The introductory language and recitals set forth above, and the attached Confidentiality Agreement, Non-Competition
Agreement, and Trade Secret, Invention, and Copyright Agreement are incorporated by reference independent of this Agreement. 
 3.10
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Wisconsin, USA (regardless of such State’s conflicts of law principles). 
 3.11 Section 409A. Notwithstanding anything to the contrary in this Agreement, no payments contemplated by this Agreement will be paid during the
six-month period following the Employee’s termination of employment unless JDI determines, in its good 

  

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faith judgment, that paying such amounts at the time or times indicated in this Section would not cause the Employee to incur an additional tax under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Agreement’s effective date) (in
which case such amounts shall be paid at the time or times indicated in this Section 3.11). If the payment of any amounts are delayed as a result of the previous sentence, on the first day following the end of the six-month period, JDI will pay
Employee a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to Employee under this Agreement during such six month period. Thereafter, payments will resume in accordance with this Agreement. 

Additionally, in the event that following the Agreement’s effective date JDI reasonably determines that any compensation or benefits payable
under this Agreement may be subject to Section 409A of the code, JDI and the Employee shall work together to adopt such amendments to this Agreement or adopt other policies or procedures (including amendments, policies and procedures with
retroactive effective), or take any other commercially reasonable actions necessary or appropriate to (x) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the intended tax
treatment of the compensation and benefits provided with respect to this Agreement or (y) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day, month and year first above written. 
  

							
		 		 	JOHNSONDIVERSEY, INC.
				
		 		 	By	 	 /s/ Stephen A. Di Biase

		 		 		 	Stephen A. Di Biase
		 		 		 	Senior Vice President
				
		 		 		 	 /s/ James Larson

		 		 		 	James Larson
				
	 /s/ Scott Russell
	 		 		 	
	 Witness
	 		 		 	

  

 7Separation Agreement

 Exhibit 10.3 
 

 
  

					
	 Date:
	  	May 3, 2007	  	
		  		  	PERSONAL & CONFIDENTIAL
	 From:
	  	Joe Smorada	  	
			
	 To:
	  	Sanjib Choudhuri	  	

 The following sets forth our mutual agreement (“Agreement”) regarding your separation from the Company:

  

	1.	Salary Continuation and Severance Period. For the next 8 weeks, you will continue on the payroll with the same salary and benefits through June 29, 2007, at which time
your employment will terminate (your “Termination Date”). Upon receipt of this signed Agreement, the Company will pay you an amount equal to one times the sum of your annual base salary and performance bonus objective (“PBO”) at
your 2007 target rate as salary continuation for 12 months following your Termination Date (the “Severance Period”). Payments of this salary continuation will be made in biweekly installments at the times and in the manner consistent with
Company payroll practices for executive employees. These payments will have all federal, state and local taxes deducted, as applicable. The federal withholding “Supplemental Rate” of 25 percent is used in the tax calculation for all
severance payments. 

  

	2.	Transitional Period. Between now and your Termination Date (the “Transitional Period”), you agree to perform all of the duties set forth on Appendix A. If you do
not perform all of the stated duties, you will forfeit your PBO and Profit Hunt bonuses, set forth below. 

  

	3.	Benefits. Subject to the terms and conditions of the applicable benefit plans in effect for active Canadian employees, and payment of required premiums, you may continue any
existing basic life, medical (except out-of-Province) and dental insurance and any optional coverage until the expiration of the Severance Period. Details are attached on Appendix B. 

  

	4.	2007 Performance Bonus. Subject to your completion of the conditions set forth in paragraph 2 (Transitional Period), you will be eligible for a prorated 2007 performance
bonus under the JohnsonDiversey Performance Bonus Opportunity Plan to be paid in April, 2008. For the personal objectives component of your bonus, you will receive a prorated payment at your current target level of your base salary. For the
financial component of your bonus, you will receive a prorated payment based on the results of the Company’s performance. Thereafter you will cease to participate in the Plan. 

	5.	2007 Profit Hunt Incentive Award. Subject to your completion of the conditions set forth in paragraph 2 (Transitional Period), you will receive a prorated 2007 Profit Hunt
incentive award based on actual performance. This payment will be made in April, 2008 at the time the Company pays such bonuses to other participants. 

  

	6.	Flexible Spending Account. Your Flexible Spending Account of $7,500 will be available to you through your Termination Date for annual country club dues, financial planning,
tax advice/preparation, estate planning, legal fees associated with estate and/or property matters, automobile lease, automobile payments (monthly payments only) and health club memberships. 

  

	7.	Commuting Allowance. You will receive a grossed-up payment of $5,500 representing one-half of your 2007 commuting allowance. 

  

	8.	Pension Plan. Membership in the JohnsonDiversey Canada, Inc. Pension Plan will cease on your Termination Date. Details on your pension options will be provided by our
actuaries within 31 days of that date. 

  

	9.	Gaslight Point Condonimium. You agree to vacate the condominium on or before your Termination Date. 

  

	10.	All Other Benefits. All other benefits not specifically mentioned above cease as of your Termination Date, and you will not be entitled to any awards under the
JohnsonDiversey Long Term Incentive Plan (“LTIP”), nor a Profit Hunt incentive award for 2008 or later years. Your 2006 LTIP grant (2006-2008 Measurement Period) is forfeited. You will be paid for any earned but unused vacation in
accordance with Company policy and the requirements of Canadian law. 

  

	11.	Corporate Credit Card. You agree to file all expense reports on your corporate credit card on or before your Termination Date. If any amount remains outstanding, you agree
that the Company will withhold said amount from any monies due you under this Agreement. 

  

	12.	Outplacement Assistance. For one year following your Termination Date, the Company will provide outplacement services of Right Management (or other comparable outplacement
firm chosen by the Company) to assist you in your effort to secure other employment. 

  

	13.	Return of Company Property. You agree to return on or before your Termination Date, any and all Company property, including, but not limited to, Company car, credit cards,
files, including all originals and copies of Company documents (whether or not you were the author or recipient) and any Company material you may have in any electronic form, keys, laptop computer, cell phone, Company product in your possession,
accounts receivable monies, etc. in accordance with Company guidelines. 

  

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	14.	Release. In consideration of the Company’s provision for the biweekly severance payments and the outplacement assistance described above, you, on your own behalf and for
your heirs, assigns, and representatives of any kind, hereby release and forever discharge the Company, its officers, directors, shareholders, employees, insurers, subsidiaries, and any affiliated companies (the “Released Parties”) from
any and all claims, demands, rights, liabilities, and causes of action of any kind or nature, known or unknown, arising or having arisen out of, in connection with, or during your employment with or separation from the Company (the
“Claims”). 

 This Release includes all Claims that you have had or presently may have, up to the date on which you
sign this Agreement, with respect to any of the Released Parties. This Release does not release any claims that you cannot lawfully release, including but not limited to your right to challenge the enforceability of this Agreement and/or to enforce
this Agreement. This Release also shall not apply to any of your rights under benefit plans which apply generally to former employees (subject to any benefit plan restrictions) of the Company, or any claims based on facts arising after the date of
your execution of this Agreement. You understand that the Claims you are releasing might arise under many different foreign, domestic, national, state, or local laws (including statutes, regulations, other administrative guidance, and common law
doctrines), and that the Claims released include, but are not limited to, the following: 
  

	 	a.	Claims for breach of contract, whether express, implied or implied-in-fact, and for promissory estoppel; 

  

	 	b.	Claims under or pursuant to the Americans with Disabilities Act, the Age Discrimination in Employment Act (the “ADEA”), the Older Workers Benefit Protection Act
(“OWBPA”), Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, the Equal Pay Act, the Reconstruction Era Civil Rights Acts, United States Executive Orders 11246 and 11375, 42 U.S.C. § 1981, as
amended, and § 1985, the Consolidated Omnibus Budget Reconciliation Act of 1985, the Employee Retirement Income Security Act of 1974, the New Jersey Conscientious Protection Act, the West Virginia Human Rights Act, the Wisconsin Fair
Employment Act, and under any other federal, state, or local family and/or medical leave laws, and any other federal, state, or local law, statute, ordinance, rule, regulation, or executive order relating to employment and/or discrimination in
employment, the payment of wages, and/or any Claims to attorneys’ fees or costs thereunder; and 

  

	 	c.	Claims for wrongful discharge, negligent or intentional infliction of emotional distress, interference with contractual relations, personal, emotional, or physical injury, fraud,
defamation, libel, slander, misrepresentation, violation of public policy, invasion of privacy, or any other statutory or common law theory of recovery. 

  

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	15.	ADEA Release Requirements Satisfied. You understand that this Agreement had to meet certain requirements to validly release any claims that you might have had under the ADEA,
and you represent that all such requirements were satisfied. (These requirements are that (1) your entering into this Agreement had to be knowing and voluntary, (i.e., free from fraud, duress, coercion, or mistake of fact); (2) this
Agreement had to be in writing and be understandable; (3) this Agreement had to explicitly waive current ADEA claims; (4) this Agreement could not have waived future ADEA claims; (5) this Agreement must have been paid for with
something to which you were not already entitled; (6) the Company had to advise you in writing to consult an attorney; (7) the Company had to give you at least 45 days to consider this Agreement; and (8) the Company had to give you at
least 7 days to revoke this Agreement after signing it). 

 You specifically agree and acknowledge as follows: 
  

	 	a.	You have read the terms of this Agreement, understand its contents, and agree to the terms and conditions set forth herein of your own free will. 

  

	 	b.	You have been advised orally and, by this document, in writing of your right to consult with legal counsel prior to executing this Agreement. 

  

	 	c.	You do not rely on any statement or representation of the Company in entering into this Agreement. 

  

	 	d.	You understand that this Agreement includes a general release and that you can make no claims against the Company except as provided in the general release.

  

	 	e.	You acknowledge that you have been afforded a reasonable period of time within which to consider this Agreement. Accordingly, you hereby waive the applicable period provided under
the Act (45 days) to consider this Agreement. 

  

	 	f.	You acknowledge and understand that you may rescind the release and waivers contained herein within seven (7) calendar days of the date on which you execute this Agreement.
Should you wish to exercise the right to rescind the release and waivers, the rescission must be in writing and must be delivered by hand or mail within seven (7) calendar days of the date set forth herein. If you wish to deliver the rescission
by mail, the rescission must be postmarked within the seven (7) calendar days set forth above; must be sent by certified mail, return receipt requested; and must be properly addressed as follows: 

  

	
	 BY MAIL/HAND DELIVERY

	 General Counsel

	 JohnsonDiversey, Inc.

	 8310 - 16th Street

	 P. O. Box 902

	 Sturtevant, WI 53177-0902

  

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 If you wish to deliver the rescission by hand, the rescission shall be delivered to the
person and address stated above. 
  

	16.	Confidentiality. You agree to keep strictly confidential, and will not disclose to any third party in any manner, excluding your immediate family, attorney, or accountant,
directly or indirectly, the terms of this Agreement. This provision shall not apply to a disclosure required by law or made pursuant to a lawfully issued subpoena. In further consideration of the Company’s provision for biweekly severance
payments, the benefit subsidy, and the outplacement assistance, you agree to sign (concurrently with the execution of this Agreement) the Company’s Non-Competition Agreement (“Non-Compete”), the Confidentiality Agreement
(“Confidentiality Agreement”) and the Trade Secret, Invention and Copyright Agreement (“Trade Secret Agreement,” and together with the Non-Compete and Confidentiality Agreement, the “Company Agreements”). You agree to
abide by the terms of the Company Agreements. 

  

	17.	Company Agreements. For purposes of the Company Agreements, the date on which you terminated employment with the Company shall be deemed to be the Termination Date. You
acknowledge and agree that the Company Agreements remain in full force and effect notwithstanding the termination of your employment with the Company. The terms of the Company Agreements are hereby incorporated by reference. You reaffirm the terms
of the Company Agreements and agree that (a) by executing this Agreement you are agreeing to all of the terms of the Company Agreements as if you signed the documents anew, and (b) the payments you are receiving and/or are to receive under
this Agreement is consideration for the obligations you have under the Company Agreements. 

  

	18.	Condition Precedent. The Company expects that you will refrain from any conduct adverse to the interests of the Company between now and the Termination Date. Meeting this
expectation is a condition precedent to your receiving any severance payments, benefit subsidy, or outplacement assistance under this Agreement following the Termination Date. Should the Company determine, in its sole discretion, that you have
failed to meet these expectations, or should the Company learn of any conduct on your part prior to the execution of this Agreement that, if known at the time, would have led to the termination of your employment, the Company will have no obligation
to provide you with any severance payments, benefit subsidy, or outplacement assistance under this Agreement. 

  

	19.	Non-Disparagement. You agree that you will not make any disparaging or derogatory remarks or statements about the Company, its affiliates or subsidiaries, or their current or
former officers, directors, employees or shareholders, including remarks about the business, affairs, practices, conduct or performance of the same. 

  

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	20.	Breach of Agreement. The Company shall have the right to terminate any and all payments owed to you under this Agreement upon your breach of any of your obligations under
this Agreement, whether in whole or in part, or under the Company Agreements, or in the event you challenge the enforceability of any portion of this Agreement or the Company Agreements. This Paragraph does not apply to any challenges that you may
bring under the ADEA or OWBPA. 

  

	21.	Resignation from Positions. Effective as of the Termination Date, you hereby resign from all your positions with the Company, its subsidiaries and its affiliates, including
as an employee or officer, which you currently hold. From and after the Termination Date, you shall no longer be an employee or officer of the Company or any of its subsidiaries or affiliates. 

  

	22.	Miscellaneous. 

  

	 	a.	In the event that the Company is involved in any investigation, litigation, arbitration or administrative proceeding subsequent to the Termination Date, you agree that, upon
request, you will provide reasonable cooperation to the Company and its attorneys in the prosecution or defense of any investigation, litigation, arbitration or administrative proceeding, including participation in interviews with the Company’s
attorneys, appearing for depositions, testifying in administrative, judicial or arbitration proceedings, or any other reasonable participation necessary for the prosecution or defense of any such investigation, litigation, arbitration or
administrative proceeding. The Company agrees to reimburse you for your reasonable expenses in participating in the prosecution or defense of any investigation, litigation, arbitration or administrative proceeding, provided that you submit
acceptable documentation of all such expenses. 

  

	 	b.	This Agreement is made in the State of Wisconsin, and shall in all respects be interpreted, enforced and governed under the laws of the State of Wisconsin (exclusive of any rules
pertaining to choice of law), or by Federal law where applicable. 

  

	 	c.	The provisions of this Agreement may not be modified by any subsequent agreement unless the modifying agreement is: (i) in writing; (ii) specifically references this
Agreement; (iii) is signed by you; and (iv) is signed and approved by an authorized officer of the Company. 

  

	 	d.	This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof; the parties have executed this Agreement based upon the terms set
forth herein; the parties have not relied on any prior agreement or representation, whether oral or written, which is not set forth in this Agreement; no prior agreement, whether oral or written, shall have any effect on the terms and provisions of
this Agreement; and all prior agreements, whether oral or written, are expressly superseded and/or revoked by this Agreement unless otherwise provided herein. 

  

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	 	e.	Each provision of this Agreement shall be enforceable independently of every other provision. Furthermore, in the event that any provision is deemed to be unenforceable for any
reason, the remaining provisions shall remain effective, binding and enforceable. The parties further acknowledge and agree that the failure of any party to enforce any provision of this Agreement shall not constitute a waiver of that provision, or
of any other provision of this Agreement. 

  

	 	f.	The Effective Date of this Agreement shall be seven (7) calendar days after the date that you sign this Agreement. The date that representatives of the Company sign this
Agreement shall not affect the Effective Date for any purpose under this Agreement. 

  

	 	g.	You agree and understand that this Agreement sets forth and contains all of the obligations the Company has to you and that you are not entitled to any other compensation or
benefits of any kind or description. 

  

	 	h.	We advise you to consult an attorney prior to signing this Agreement, especially in relation to the release stated above. However, each party will bear their own attorney’s
fees and costs in connection with drafting and negotiation of this Agreement. 

  

	 	i.	This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the
part of each of the undersigned. 

  

	 	j.	The Company may withhold from any amounts payable under this Agreement all federal, state and local taxes as the Company is required to withhold pursuant to any law or government
regulation or ruling. 

 If you are in agreement with all of the terms stated in this Agreement, please sign both original documents where
provided below and return one signed original to me. 
  

					
		 		 	 /s/ Joseph F. Smorada

		 		 	Joe Smorada
			
	Accepted and agreed to this 4th day of May, 2007.	 		 	
			
	 /s/ Sanjib Choudhuri
	 		 	
	Sanjib Choudhuri	 		 	

  

 7

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