Document:

EX-10.1

 Exhibit 10.1 

August 24, 2017 
 Fiona Laird 

Via hand delivery 
  

	Re:	Separation Agreement and General Release 

 Dear Fiona: 

Once you sign this letter, it will be the full agreement between you and Newell Brands Inc. (“the Company”) on the terms of
your separation from employment (“Agreement”). By entering into this Agreement, neither you nor the Company makes any admission of any failing or wrongdoing. Rather, we have merely agreed to resolve amicably any existing or
potential disputes arising out of your employment with the Company. 
 1.        Your employment
with the Company will be considered terminated effective September 1, 2017 (“Separation Date”). Between the date of this letter (“409A Separation from Service Date”) and the Separation Date, you will be
considered on an administrative leave of absence (“Administrative Leave Period”). During your Administrative Leave Period, you will be expected to aid in the transition of your work duties as requested by the Company. While you will
receive your current base pay and employee benefit coverage during the Administrative Leave Period, you will not accrue vacation or other seniority-based benefits, or be entitled to any increase in base pay (even if previously scheduled) during the
Administrative Leave Period. You will be provided with any accrued but unused vacation in the next payroll after the Effective Date (as defined below). 

2.        In consideration of your acceptance of this Agreement, you will be entitled to the following
items: 
  

	 	(a)	 You will be eligible to receive severance pay of 52 weeks of pay at your present base salary, less ordinary
and necessary payroll deductions and tax withholdings. This payment will be made in a lump sum in the first payroll after the Effective Date of this Agreement, and no later than 60 days after the Separation Date. 

 

	 	(b)	 As of the Separation Date, you shall no longer be eligible to participate in our health and dental insurance
plans as an active employee participant and your Separation Date shall be considered a “qualifying event” for purposes of triggering your right to continue your group health and dental insurance pursuant to federal law (commonly referred
to as “COBRA”). However, as additional consideration for your acceptance of this Agreement, the Company will continue, for a period of up to 12 months after the Separation Date, to offer group health and dental insurance
continuation coverage to you and, if applicable, your dependents, at the same cost it charges its active employees (which is less than the established COBRA premiums) if you: (i) elect COBRA; (ii) pay the applicable premiums in a timely
manner; and (iii) remain eligible for COBRA continuation coverage. Thereafter, you will have the right (at your sole cost) to continue COBRA coverage (if still eligible) by paying the full amount of the established COBRA premiums for the
duration of the applicable COBRA period, if any. You will 

  
 -1- 

	 	 
receive, under separate cover, information regarding your rights to such continuation coverage. To the extent you are eligible for any retiree health benefits offered from time to time by the
Company, you may be enrolled in that retiree health plan instead of COBRA continuation coverage, with the same effect of ensuring you are charged the same cost for medical coverage that the Company charges its active employees.

  

	 	(c)	 You will be eligible to retain your mobile phone. The full value of this benefit will be imputed to you as
income and will be subject to all applicable tax withholdings. You agree that you will coordinate with the Company’s IT team to ensure that all Company data and confidential information is removed from the device or devices prior to retention.
You may decline this benefit if you so choose to do so. You understand and agree that you remain solely liable for any service-related expenses and charges associated with operating the device or devices. 

 

	 	(d)	 You will be provided outplacement services through a service set up by the Company. The scope of said services
is within the sole discretion of the Company. In order to be eligible for outplacement services, you must elect to participate in such services within sixty (60) days of the Separation Date. 

 

	 	(e)	 You will receive your 2017 Management Bonus, prorated based on your base earnings through the Separation Date.
Your Management Bonus will not be subject to any individual performance modifier, and the company performance modifier will be applied. Your prorated Management Bonus will be paid at the same time bonuses are paid to active employees, but no later
than March 15, 2018. 

  

	 	(f)	 Non-vested restricted stock units or other awards granted under any Newell employee stock plan will vest only
as follows, subject to the approval of the Organizational Development & Compensation Committee of the Board of Directors: 

  

	 	a.	 The unvested tranches of your Integration Grant (as defined in your offer letter, granted 5/31/2016), 52,280
RSUs, will vest on their planned vesting dates as if you remained employed. 

	 	b.	 Your 2016 LEAP grant (granted 5/31/2016), 39,601 RSUs, will vest on 5/31/2019 as if you remained employed
(subject to the satisfaction of any applicable performance conditions). 

	 	c.	 Your 2017 LEAP grant (granted 2/9/2017) will be forfeited as of the Separation Date. 

 

	 	(g)	 Except as stated above, all other benefits, bonuses, and compensation end on the Separation Date. However,
this Agreement does not affect any existing vested rights that you may have in the Company’s bonus, deferred compensation, pension, retirement, and/or 401(k) plans. 

 

	 	(h)	 Benefits provided under this Agreement are intended to be exempt from, or comply with, Section 409A of
the Internal Revenue Code (the “Code”), which is the law that regulates severance pay. This Agreement shall be construed, administered, and governed in a manner that effects such intent, and the Company shall not take any action
that would be inconsistent with such intent. Without limiting the foregoing, the payments and benefits provided under this Agreement may not be deferred, 

  
 -2- 

	 	 
accelerated, extended, paid out, or modified in a manner that would result in a the imposition of additional tax under Code Section 409A. Although the Company shall use its best efforts to
avoid the imposition of taxation, interest, and penalties under Code Section 409A, the tax treatment of the benefits provided under this Agreement is not warranted or guaranteed. Neither the Company nor its affiliates nor its or their
directors, officers, employees, or advisers shall be held liable for any taxes, interest, penalties, or other monetary amounts owed by you or any other taxpayer as a result of this Agreement. All “nonqualified deferred compensation”
(within the meaning of Code Section 409A), including without limitation any vested deferred compensation, will be payable in accordance with the terms and conditions of the applicable plan based upon your Code 409A Separation from Service in
accordance with Code Section 409A and the regulatory and other guidance promulgated thereunder. 

3.        In consideration of the payments and benefits provided to you above, to which you are not
otherwise entitled and the sufficiency of which you hereby acknowledge, you do, on behalf of yourself and your heirs, administrators, executors, and assigns, hereby fully, finally, and unconditionally release and forever discharge the Company and
its parent, subsidiary, and affiliated entities and its and their former and present officers, directors, shareholders, employees, trustees, fiduciaries, administrators, attorneys, consultants, agents, and other representatives, and all their
respective predecessors, successors, and assigns (collectively “Released Parties”), in their corporate, personal, and representative capacities, from any and all obligations, rights, claims, damages, costs, attorneys’ fees,
suits, and demands, of any and every kind, nature and character, known or unknown, liquidated or unliquidated, absolute or contingent, in law and in equity, waivable and/or enforceable under any local, state, federal, or foreign common law,
constitution, statute, or ordinance which arise from or relate to your employment with the Company or the termination thereof, or any past actions or omissions of the Company or any of the Released Parties through the date you sign this Agreement.
Specifically included in this release is a general release which releases the Released Parties from any claims, including without limitation claims under: (1) Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991
(race, color, religion, sex, and national origin discrimination); (2) the Americans with Disabilities Act, as amended (disability discrimination); (3) 42 U.S.C. § 1981 (race discrimination); (4) the Age Discrimination in
Employment Act (29 U.S.C. §§ 621-624) (age discrimination); (5) 29 U.S.C. § 206(d)(1) (equal pay); (6) Executive Order 11246 (race, color, religion, sex and national origin discrimination); (7) Executive Order 11141
(age discrimination); (8) Section 503 of the Rehabilitation Act of 1973 (disability discrimination); (9) Employee Retirement Income Security Act of 1974, as amended; (10) the Occupational Safety and Health Act; (11) the
Ledbetter Fair Pay Act; (12) the Family and Medical Leave Act; (13) the Genetic Information and Non-Discrimination Act; (14) the Uniformed Service Employment and Reemployment Rights Act; (15) the Worker Adjustment and Retraining
Notification Act; and (16) other similar federal, state, and local anti-discrimination and other employment laws, and where applicable, any rights and claims arising under the law and regulations administered by California’s Department of
Fair Employment and Housing. You further acknowledge that you are releasing, in addition to all other claims, any and all claims based on any retaliation, tort, whistle-blower, personal injury, defamation, invasion of privacy, retaliatory discharge,
constructive discharge, or wrongful discharge theory; any and all claims based on any oral, written, or implied contract or on any contractual theory; any and all claims based on any public policy theory; any and all claims for severance pay,
supplemental unemployment pay, or other separation pay, including but not limited to claims under the Newell Rubbermaid Severance Plan, Newell Rubbermaid Supplemental Unemployment Pay Plan, or the Newell Rubbermaid Excess Severance Plan; any and all
claims related to the Company’s use of your image, likeness, or photograph; and any and all claims based on any other federal, state, or local 

  
 -3- 

 
Constitution, regulation, law (statutory or common), or other legal theory, as well as any and all claims for punitive, compensatory, and/or other damages, back pay, front pay, fringe benefits,
and attorneys’ fees, costs, or expenses. Nothing in this Agreement and Release, however, is intended to waive your entitlement to vested benefits under any 401(k) plan or other benefit plan provided by the Company. Finally, the above release
does not waive claims that you could make, if available, for unemployment compensation, workers’ compensation, or claims that cannot be released by private agreement. 

You further acknowledge and agree that you have not filed, assigned to others the right to file, nor are there pending, any complaints,
charges, or lawsuits by or on your behalf against the Company or any Released Party with any governmental agency or any court. Nothing herein is intended to or shall preclude you from filing a complaint and/or charge with any appropriate federal,
state, or local government agency, reporting or providing information to said agency, or cooperating with said agency in its investigation; however, you understand and agree that you shall not be entitled to and expressly waive any right to
personally recover against any Released Party in any action brought against any Released Party by any governmental agency, you give up the opportunity to obtain compensation, damages, or other forms of relief for yourself other than that provided in
this Agreement, without regard as to who brought said complaint or charge and whether the compensation, damages, or other relief is recovered directly or indirectly on your behalf, and you understand and agree that this Agreement shall serve as a
full and complete defense by the Company and the Released Parties to any such claims. This Agreement, however, does not limit your right to receive a reward for information provided to any government agencies. 

5.        You understand and agree that this Agreement contemplates and memorializes an unequivocal,
complete, and final dissolution of your employment relationship with the Company, and that, therefore, you have no automatic right to be reinstated to employment with or rehired by the Company, and that in the future, the Company and its affiliated
and related entities and their successors and assigns shall have no obligation to consider you for employment, although it may voluntarily choose to do so. 

6.        You agree to return to the Company all of the Company’s property, including, without
limit, any electronic or paper documents and records and copies thereof that you received or acquired during your employment containing confidential Company information and/or regarding the Company’s practices, procedures, trade secrets,
customer lists, or product marketing, and that you will not use the same for your own purpose. You further agree to return Brad Turner any and all hard copies of any documents which are the subject of a document preservation notice or other legal
hold and to notify Brad Turner of the location of any electronic documents which are subject to a legal hold. 

7.        Unless required or otherwise permitted by law, you further agree that you will not disclose
to any person, firm, or corporation or use for your own benefit any information regarding the terms of this Agreement or the amount of severance pay being paid pursuant to this Agreement, except that you may disclose this information to your spouse
and your attorney, accountant, or other professional advisor to whom you must make the disclosure in order for them to render professional services to you; provided that you first advise them of this confidentiality provision and they also agree to
maintain the confidentiality of the severance pay and benefits and terms of this Agreement. 

8.        When permitted by applicable law, you agree that in the event that you breach any of your
obligations under this Agreement or any of the surviving obligations set forth in Section 13 below, the Company is entitled to stop any of the payments or other consideration to be provided to you pursuant to Paragraph 2 of this Agreement,
including but not limited your severance pay and/or your COBRA 

  
 -4- 

 
subsidy and to recover any payments or other consideration already paid you. This includes, when allowed by applicable law, the return by you of any severance pay and the value of other benefits
already paid to you pursuant to this Agreement prior to your proceeding with any claim in court against any of the Released Parties. You further agree that in the event you breach this Agreement, the Company shall be entitled to obtain any and all
other relief provided by law or equity including the payment of its attorneys’ fees and costs. 

9.        It is agreed that neither you nor the Company, nor any of its officers, directors, or
employees, make any admission of any failing or wrongdoing or violation of any local, state, or federal law by entering into this Agreement, and that the parties have entered into this Agreement simply to resolve your employment relationship in an
amicable manner. While considering this Agreement and at all times thereafter, you agree to act in a professional manner and not make any disparaging or negative statements regarding the Company or its affiliated companies and its and their
officers, directors, and employees, or its and their products or to otherwise act in any manner that would damage their business reputation. Nothing in this non-disparagement provision is intended to limit your ability to provide truthful
information to any governmental or regulatory agency or to cooperate with any such agency in any investigation. 

10.        You agree, upon reasonable notice, to advise and assist the Company and its counsel in
preparing such operational, financial, and other reports, or other filings and documents, as the Company may reasonably request, and otherwise cooperate with the Company and its affiliates with any request for information. You also agree to assist
the Company and its counsel in prosecuting or defending against any litigation, complaints, or claims against or involving the Company or its affiliates. The Company shall pay your necessary travel costs and expenses in the event it requires you to
assist it under this Paragraph. 
 11.        You acknowledge and agree that this Agreement sets
forth the entire understanding between the parties concerning the matters discussed herein, that no promise or inducement has been offered to you to enter into this Agreement except as expressly set forth herein, that the provisions of this
Agreement are severable such that if any part of the Agreement is found to be unenforceable, the other parts shall remain fully valid and enforceable, and that a court is authorized to amend the relevant provisions of the Agreement to carry out the
intent of the parties to the extent legally permissible. 
 12.        Subject to Section 13
below, any agreement, policy, or practice relating to severance benefits or monies to be paid to you upon your termination from employment with the Company is expressly rendered null and void by this Agreement. 

13.        Unless specifically voided herein, the provisions of any agreement that you have previously
entered into with the Company or its affiliated or related entities that by their terms extend past your Separation Date, including the non-competition, confidentiality and non-solicitation provisions of your Employment Security Agreement and the
confidentiality and non-solicitation terms of your equity award agreements, remain in full force and effect. 

14.        You agree to submit all outstanding expenses no later than September 8, 2017. The
Company agrees to reimburse you for qualified, reimbursable expenses incurred by you through the Separation Date which have not yet been reimbursed and which are submitted within this time period and permitted pursuant to the Company’s standard
policies and procedures relating to reimbursement of expenses. You understand and agree that failure to submit your expenses per this Paragraph will result in denial of your claim for reimbursement and that you will be personally responsible for any
charges not covered. 

  
 -5- 

 15.        You acknowledge and agree that it is your
responsibility to make a timely report of any the Company injury or illness and that you have reported to HR any the Company injury or illness that occurred up to and including through your last day of employment. 

16.        You acknowledge and agree that the releases set forth above are in accordance with and
shall be applicable to, without limitation, any claims under the Age Discrimination in Employment Act and the Older Workers’ Benefit Protection Act, and that in accordance with these laws, you are hereby advised in writing to consult an
attorney prior to accepting and executing this Agreement. You have twenty-one (21) days from your receipt of this letter to accept the terms of this Agreement. You may accept and execute this Agreement within those twenty-one (21) days.
You agree that if you elect to sign this Agreement before the end of this twenty-one (21) day period, it is because you freely chose to do so after carefully considering its terms. 

If you accept the terms of this Agreement, please date and sign this letter and return it via email to Brad Turner. Once you execute this
Agreement, you have seven (7) days in which to revoke in writing your acceptance by providing the same to Brad Turner, and such revocation will render this Agreement null and void. If you do not revoke your acceptance in writing and provide it
to HRSD by midnight on the seventh (7th) day, this Agreement shall be effective the day after the seven (7) day revocation period has elapsed (“Effective Date”). 

Sincerely, 
 /s/ Michael B. Polk

 Michael B. Polk 
 Chief
Executive Officer 
 By signing this letter, I represent and warrant that I have not been the victim of age or other discrimination or
wrongful treatment in my employment and the termination thereof. I further acknowledge that the Company advised me in writing to consult with an attorney, that I had at least twenty-one (21) days to consider this Agreement, that I received all
information necessary to make an informed decision and I had the opportunity to request and receive additional information, that I understand and agree to the terms of this Agreement, that I have seven (7) days in which to revoke my acceptance
of this Agreement, and that I am signing this Agreement voluntarily with full knowledge and understanding of its contents. 
  

					
	 Dated: August 24, 2017
	 	Name:	 	 /s/ Fiona C. Laird

		 		 	Fiona C. Laird

  
 -6-Exhibit

[Letterhead of T. Rowe Price Group, Inc.]

August 21, 2017
CONFIDENTIAL
VIA HAND DELIVERY

Kenneth Moreland
3148 River Valley Chase
West Friendship, MD 21794-9542

Dear Ken:

First, I want to thank you again for your many years of service with T. Rowe Price and for your continued commitment to the Company during our search for a new Chief Financial Officer and the related transition. In connection with the transition, I want to thank you for agreeing to extend your employment with T. Rowe Price through, at the latest, the first part of 2018 and the filing of the Form 10K for the Company’s 2017 fiscal year.
The purpose of this letter is to amend the terms of the letter agreement dated January 30, 2017 (the “January Agreement”) and to document the terms under which you will continue to support the Company during this transition. To the extent this letter agreement does not modify or amend the terms of the January Agreement, the terms of the January Agreement will continue in full force and effect.  

The date of your resignation and the resulting end of your employment and service as an officer of T. Rowe Price Group, Inc. described in Section1 of the January Agreement will be extended until the filing of the Form 10-K for the Company’s 2017 fiscal year (the “Form 10-K”), unless you and the Company mutually agree to a termination date prior to the filing of the Form 10K.  As noted in the January Agreement, the date that your employment ends will be referred to as your “Retirement Date.” You will continue to receive your regular base salary for all days worked through your Retirement Date and your benefits will continue as an active employee through the Retirement Date or through such other date as may be provided for in the applicable benefit plan. 

In return for your agreeing to remain employed with the Company until no later than the filing of the Form 10-K the Company will provide you with an additional separation payment in the amount of Three Hundred and Seventy-Five Thousand Dollars ($375,000.00), which will be paid to you within 30 days after your Retirement Date. 

Until your Retirement Date, you agree that you will continue to comply with the all the provisions of Section 2 of the January Agreement.  You also agree to remain bound by Sections 4, 5, 6 and 7 of the January Agreement.  

Thank you and I look forward to continuing to work with you during the transition.

Very Truly Yours,

/s/ William J. Stromberg

AGREED AND ACCEPTED: /s/ Kenneth V. Moreland
(Kenneth Moreland)
Date: August 22, 2017

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]