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Exhibit 10.11  

AMENDED AND RESTATED MANAGEMENT AGREEMENT  

        THIS AMENDED AND RESTATED MANAGEMENT AGREEMENT, made this 28th day of June, 2000, by and among Bruckmann, Rosser, Sherrill & Co., Inc., a Delaware
corporation ("BRS"), FS Private Investments, L.L.C., a Delaware limited liability company ("FSI" and,
together with BRS, the "Service Providers" and each individually, "Service Provider"), Acapulco
Acquisition Corp., a Delaware corporation ("Holdings"), Acapulco Restaurants Inc., a Delaware corporation and wholly-owned subsidiary of Holdings
("Acapulco"), El Torito Restaurants, Inc., a Delaware corporation and wholly-owned subsidiary of Holdings ("El
Torito") and El Torito Franchising Company, a Delaware corporation and wholly-owned subsidiary of Holdings ("Franchising" and,
together with Holdings, Acapulco and El Torito, the "Company"). 

W I T N E S S E T H:  

        WHEREAS, the Company and the Service Providers entered into a Management Agreement, dated as of July 13, 1998 (the "Original
Agreement"); 

        WHEREAS,
the Company and the Service Providers wish to amend and restate the Original Agreement as set forth herein regarding their rights and obligations with respect thereto; 

        WHEREAS,
the Company desires to retain the Service Providers to provide business and organizational strategy, financial and investment management, and merchant and investment banking
services to the Company and its subsidiaries, upon the terms and conditions hereinafter set forth, and the Service Providers are willing to undertake such obligations; 

        NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the parties agree as follows: 

        1.    Appointment.    The Company hereby engages the Service Providers, and the Service Providers hereby agree under
the terms and conditions set forth herein, to provide certain services to the Company as described in Section 3 hereof. 

        2.    Term.    The term of the Agreement (the "Term") shall commence
on the date hereof and shall continue until the tenth anniversary of this Agreement. 

        3.    Duties of the Service Providers.    The Service Providers shall provide the Company and its subsidiaries with
business and organizational strategy, financial and investment management, and merchant and investment banking services (collectively, the "Services").
The Services will be provided at such times and places as may reasonably be determined by each Service Providers. 

        3.1    Exclusions from "Services".    Notwithstanding anything in the foregoing to the contrary, the following
services are specifically excluded from the definition of "Services": 

        (i)    Independent Accounting Services.    Accounting Services rendered to the Company or the Service Providers, with
prior notice and consultation with the Company's management, by an independent accounting firm or accountant (i.e., an accountant who is not an employee of the Service Providers); 

        (ii)    Legal Services.    Legal services rendered to the Company, or the Service Providers with prior notice and
consultation with the Company's management, by an independent law firm or attorney (i.e., an attorney who is not an employee of the Service Providers); and 

        (iii)    Transaction Services.    Transactional services in connection with any acquisition, divestiture, financing or
other transaction in which the Company or its subsidiaries may be, or may consider becoming, involved, it being understood that the Service Providers shall have the right to be first approached and to
have a thirty day discussion period concerning all opportunities to perform, for an additional fee, any of such transaction-related services. 

 

        4.    Power of the Service Providers.    So that it may properly perform its duties hereunder, each Service Provider
shall, subject to Section 7 hereof, have the authority and power to do all things necessary and proper to carry out the duties set forth in  Section 3. 

        5.    Compensation.    As consideration payable to each Service Provider or any of its affiliates for providing the
Services to the Company, the Company shall make the following payments to the Service Providers. 

        (a)   On
the date hereof, a onetime fee to BRS in the amount of $1,667,000 and to FSI in the amount of $333,000 (the "Initial
Fees"). 

        (b)   On
a semi-annual basis in arrears, a management fee equal to 1% of annual Consolidated EBITDA (as defined below), payable as follows: 

	(i)
	within
50 days after the end of the second quarter of each fiscal year of the Company (commencing with the second quarter of the 2001 fiscal year of the Company)
but in any event, not earlier than five days after the lenders under that certain Credit Agreement and that certain Subordinated Loan Agreement (as such terms are defined below) have received evidence
that the Borrowers (as such term is defined in the Credit Agreement) are in compliance with the terms and conditions of the Credit Agreement, 1% of Consolidated EBITDA for such fiscal quarters as
reflected in the audited consolidated financial statements of the Company (the "Six-Month Management Fees"); and

	(ii)
	within
95 days after the end of each fiscal year of the Company (commencing with the current fiscal year of the Company) but in any event, not earlier than five
days after the lenders under the Credit Agreement and the Subordinated Loan Agreement have received evidence that the Borrowers are in compliance with the terms and conditions of the Credit Agreement,
an amount equal to (i) 1% of the of Consolidated EBITDA for such fiscal year as reflected in the audited consolidated financial statements of the Company for such fiscal year (ii) less
the Six-Month Management Fees paid to the Services Providers, if any (the "Management Fees"); provided, that in no event shall the Service
Providers be required to return any portion of the Six-Month Management Fees. The first payment of Management Fees pursuant to this Section 5(b) shall be equal to a prorated portion
of the Management Fees for the period beginning on the date hereof and ending on the last day of the Company's current fiscal year. The Initial Fees and the Management Fees are hereinafter
collectively referred to as the "Fees".

	(iii)
	The
Management Fees shall be allocated 662/3 to BRS and 331/3 to FSI.

	(iv)
	For
purposes of this Section 5(b), the term "Consolidated EBITDA" for any period shall have the meaning ascribed to such term in the Revolving Credit and Term
Loan Agreement, of even date herewith, by and among the Company, the other borrowers thereunder, Fleet National Bank, a national banking association and the other lending institutions listed on
Schedule 1 thereto, and Fleet National Bank as agent and administrative agent for itself and such other lending institutions (the "Credit
Agreement"); provided, however, that in calculating the Management Fees,
Synergistic Add Backs (as such term is defined in the Credit Agreement) attributable to any such period shall be disregarded. 

        (c)   BRS
may elect, by written notice to the Company, to defer cash payment of all or any portion of the Management Fees due to both Service Providers; any Management Fees so
deferred shall be accrued and shall be paid in cash upon the written request of BRS. 

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        (d)   All
Fees are to be paid simultaneously to BRS and FSI. If less than the full amount of the Fees due to the Service Providers are paid, the Fees shall be paid on a pro
rata basis to each Service Provider. 

        (e)   Actual
and direct out-of pocket expenses (including fees and disbursements of attorneys, accountants and other professionals and consultants retained by the
Service Providers in connection with the Services provided hereunder) incurred by the Service Providers and their personnel in performing Services, which shall be reimbursed to the Service Providers
by the Company upon the Service Providers' rendering of a statement therefor together with such supporting data as the Company reasonably shall require. 

        (f)    Notwithstanding
any other provision of this Section 5, the Company shall not be required to pay any of the
Management Fees or the Six-Month Management Fees, if and to the extent such payment is expressly prohibited by the provisions of the Credit Agreement, or the Subordinated Loan Agreement
(the "Subordinated Loan Agreement"), dated the date hereof among the Company, the other borrowers named therein, Blackstone Mezzanine Partners, L.P., as
Agent, and the other lenders parties thereto, as each may be amended, modified or supplemented, from time to time, or any other credit, financing or other agreements or instruments binding upon the
Company or their properties; provided, however, that if, as a result of the operation of any such
prohibitions, payments otherwise owed hereunder are not made, such payments shall not be cancelled but rather shall accrue, and shall be payable by the Company promptly when, and to the extent that,
the Company is no longer prohibited from making such payments, together with accrued interest calculated at the Base Rate of interest then charged under the Credit Agreement from the date such payment
was due through the
date of payment. Other than the Credit Agreement and the Subordinated Loan Agreement, the Company will not enter into any such agreements or instruments without the prior written approval of the
Service Providers. This Section 5(f) will not prohibit nor restrict, in any manner, the Company's obligation to make the payment specified in  Section 5(a)
, to make reimbursements pursuant to Section 5(e), to provide indemnification
pursuant to Section 6, 9 and 16, or to make any
other payments contemplated by this Agreement. 

        6.    Indemnification.    In the event that either Service Provider or any of its affiliates, principals, partners,
directors, stockholders, employees, agents and representatives (collectively, the "Indemnified Parties") becomes involved in any capacity in any action,
proceeding or investigation in connection with any matter referred to in or contemplated by this Agreement, or in connection with its Services, the Company will indemnify and hold harmless the
Indemnified Parties from and against any actual or threatened claims, lawsuits, actions or liabilities (including out-of-pocket expenses and the fees and expenses of counsel
and other litigation costs and the cost of any preparation or investigation) of any kind or nature, arising as a result of or in connection with this Agreement and its Services, activities and
decisions hereunder, and will periodically reimburse each such Service Provider for its expenses as described above, except that the Company will not be obligated to so indemnify any Indemnified Party
if, and to the extent that, such claims, lawsuits, actions or liabilities against such Indemnified Party directly result from the gross negligence or willful misconduct of such Indemnified Party as
admitted in any settlement by such Indemnified Party or held in any final, non-appealable judicial or administrative decision. In connection with such indemnification, the Company will
promptly remit or pay to such Service Provider any amounts which such Service Provider certifies to the Company in writing are payable to such Service Provider or other Indemnified Parties hereunder.
The reimbursement and indemnity obligations of the Company under this Section 6 shall be in addition to any liability which the Company may
otherwise have, shall extend upon the same terms and conditions to any Indemnified Party, as the case may be, of the Service Providers and any such affiliate and shall be binding upon and inure to the
benefit of any successors, assigns, heirs and personal representatives of the Company, each 

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Service
Provider, and any such Indemnified Party. The foregoing provisions shall survive the termination of this Agreement. 

        7.    Independent Contractors.    Nothing herein shall be construed to create a joint venture or partnership between
the parties hereto or an employee/employer relationship. Each Service Provider shall be an independent contractor pursuant to this Agreement. Neither party hereto shall have any express or implied
right or authority to assume or create any obligations on behalf of or in the name of the other party or to bind the other party to any contract, agreement or undertaking with any third party. 

        8.    Notices.    Any notice or other communications required or permitted to be given hereunder shall be in writing
and delivered by hand or mailed by registered or certified mail, return receipt requested, or by telecopier to the party to whom it is to be given at its address set forth herein, or to such other
address as the party shall have specified by notice similarly given. 

	(a)
	If
to the Company, to it at: 

Acapulco
Acquisition Corp.

c/o Acapulco Restaurants, Inc.

4001 Via Oro Ave.

Long Beach, California 90810 

Attention:
Maris Laipenieks 

	(b)
	If
to BRS, to it at: 

156
East 56th Street

29th Floor

New York, NY 10022 

Attention:
Harold O. Rosser 

	(c)
	If
to FSI, to it at: 

55
East 52th Street

New York, New York 10055 

Attention:
Brian P. Friedman 

        9.    Liability.    Each Service Provider is not and never shall be liable to any creditor of the Company and the
Company agrees to indemnify and hold each Indemnified Party harmless from and against any and all such claims of alleged creditors of the Company and against all costs, charges and expenses (including
reasonable attorneys fees and expenses) incurred or sustained by any Indemnified Party in connection with any action, suit or proceeding to which it may be made a party by any alleged creditor of the
Company. Notwithstanding anything contained in this Agreement to the contrary, the Company agrees and acknowledges that each Service Provider and its partners, principals, shareholders, directors,
officers, employees and affiliates intend to engage and participate in acquisitions and business transactions outside of the scope of the relationship created by this Agreement and they shall not be
under any obligation whatsoever to make such acquisitions, business transactions or other opportunities through the Company or offer such acquisitions, business transactions or other opportunities to
the Company. 

        10.    Amendment.    Any amendment to this Agreement requires the approval of each BRS and FSI. 

        11.    Assignment.    This Agreement shall inure to the benefit of and be binding upon the parties and their
successors and assigns. However, neither this Agreement nor any of the rights of the parties hereunder may be transferred or assigned by either party hereto, except that (i) if the Company
shall 

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merge
or consolidate with or into, or sell or otherwise transfer substantially all its assets to, another corporation which assumes the Company's obligations under this Agreement, the Company may
assign its rights hereunder to that corporation, (ii) BRS may assign its rights and obligations hereunder to any other person or entity controlled, directly or indirectly, by Bruce C.
Bruckmann, Harold O. Rosser, Stephen C. Sherrill and/or Stephen F. Edwards and (iii) FSI may assign its rights and obligations hereunder to any other person or entity controlled, directly or
indirectly by Brian P. Friedman and/or Jim Z. Luikart. Any attempted transfer or assignment in violation of this Section 11 shall be void. 

        12.    Entire Agreement.    This Agreement contains the entire agreement between the parties hereto and supersedes all
prior agreements and undertakings, oral and written, among the parties hereto with respect to the subject matter hereof. All of the rights and obligations of the Company hereunder shall be the joint
and several rights and obligations and liabilities of the Company. 

        13.    Section Headings.    The section headings contained herein are included for convenience or references only and
shall not constitute a part of this Agreement for any other purpose. 

        14.    Counterparts.    This Agreement may be executed in counterparts, each of which shall be deemed to be an
original and all of which together shall be deemed to be one and the same instrument. 

        15.    Applicable Law.    This Agreement shall be governed by, and construed in accordance with, the laws of the State
of New York applicable to contracts made and to be performed entirely within such State, regardless of the law that might be applied under principles of conflicts of law. 

        16.    Severability.    Any section, clause, sentence, provision, subparagraph or paragraph of this Agreement held by
a court of competent jurisdiction to be invalid, illegal or ineffective shall not impair, invalidate or nullify the remainder of this Agreement, but the effect thereof shall be subparagraph or
paragraph so held to be invalid, illegal or ineffective. 

        17.    Taxes.    The amount of any payment paid by the Company under this Agreement shall be increased by the amount,
if any, of any taxes (other than income taxes) or other governmental charges levied in respect of such payments, so that each Service Provider is made whole for such taxes or charges. 

[signature page follows]  

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

	 	 	BRUCKMANN, ROSSER, SHERRILL & CO., INC.
	

 	
 	

By:	

/s/ Stephen C. Sherrill
 Name: Stephen C. Sherrill

Title:
	

 	
 	

FS PRIVATE INVESTMENTS, L.L.C.
	

 	
 	

By:	

/s/ Brian P. Friedman
 Name: Brian P. Friedman

Title:
	

 	
 	

ACAPULCO ACQUISITION CORP.
	

 	
 	

By:	

/s/ George P. Harbison
 Name: George P. Harbison

Title:
	

 	
 	

ACAPULCO RESTAURANTS, INC.
	

 	
 	

By:	

/s/ Ira James
 Name: Ira James

Title:
	

 	
 	

EL TORITO RESTAURANTS, INC.
	

 	
 	

By:	

/s/ George P. Harbison
 Name: George P. Harbison

Title:
	

 	
 	

EL TORITO FRANCHISING COMPANY
	

 	
 	

By:	

/s/ George P. Harbison
 Name: George P. Harbison

Title:

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Exhibit 10.11 Amended and Restated Management Agreement, dated as of June 28, 2000QuickLinks
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Exhibit 10.43    
    

 
 

SEPARATION AGREEMENT AND GENERAL RELEASE    
    

        THIS SEPARATION AGREEMENT AND GENERAL RELEASE (the "Agreement") is entered into as of May 1, 2004, by and between Carol Hannah
("Employee") on the one hand, and Herbalife International, Inc. and Herbalife International of America, Inc. (collectively, the  "Company") on the
other hand. Employee and the Company are referred to herein collectively as the "Parties." 

R E C I T A L S  

        WHEREAS, Employee and the Company are parties to that certain Employment Agreement, dated as of March 10, 2003, by and between Employee and the Company
(the "Employment Agreement"); 

        WHEREAS,
Employee is a party to that certain Shareholders' Agreement, dated as of July 31, 2002, by and among WH Holdings (Cayman Islands) Ltd. and certain of its
shareholders (the "Shareholders Agreement"); 

        WHEREAS,
Employee is a party to that certain Side Letter Agreement, dated as of March 10, 2003, by and among WH Holdings (Cayman Islands) Ltd., Brian Kane, Employee, and
certain shareholders of WH Holdings (Cayman Islands) Ltd. (the "Side Letter Agreement"); 

        WHEREAS,
Employee is a party to that certain Non-Statutory Stock Option Agreement, dated as of March 10, 2003, by and between WH Holdings (Cayman Islands) Ltd.
and Employee (the "Non-Statutory Stock Option Agreement"); 

        WHEREAS,
Employee desires to retire from her employment with the Company, the Company wishes to provide for an amicable separation of such employment and for a consulting agreement with
Employee, 

        WHEREAS,
the Parties wish to provide for a customary mutual general release with respect to any disputes or claims which may exist between the Parties. 

 
 

AGREEMENTS    
    

        NOW, THEREFORE, in consideration of the foregoing and the mutual promises contained in this Agreement, the parties agree as follows: 

        1.    Employment Agreement; Consulting Agreement.    

        a)    The
Parties agree that Employee shall remain employed pursuant to the Employment Agreement through June 30, 2004, but that from and after May 1, 2004
Employee shall no longer be required to render her normal services for the Company pursuant to the Employment Agreement or any other agreement;  provided, however, that Employee shall be available on the Company's reasonable request to provide
advice and counsel not to exceed twenty (20) hours per month. 

        b)    Employee
will remain bound by Sections 5, 6, and 7 of the Employment Agreement, a copy of which is attached hereto as Exhibit 1, to the extent provided in such
sections. 

        c)     Concurrently
with the execution and delivery of this Agreement, Employee and Company shall enter into a consulting agreement (the "Consulting Agreement"), a copy of which
is attached hereto as Exhibit 2. 

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        2.    Shareholders' Agreement.    

        a)    Except
as expressly provided herein, this Agreement is not intended to and shall not affect the rights and obligations of the parties pursuant to the Shareholders'
Agreement, nor pursuant to the Side Letter Agreement which made certain modifications to the Shareholders' Agreement with respect to certain Purchased Shares (as defined in the Side Letter Agreement). 

        b)    The
Parties acknowledge and agree that Employee's employment with the Company is being terminated at Employee's request due to her "Retirement" within the meaning of
Section 3(d) of the Non-Statutory Stock Option Agreement. 

        3.    Non Statutory Stock Option Agreement.    

        Except
as expressly provided herein, this Agreement is not intended to and shall not affect the rights and obligations of the parties pursuant to the Non-Statutory Stock
Option Agreement. 

        4.    Confidentiality and Non-Disparagement.    

        a)    Employee
agrees and promises not to disclose the substance, contents, amounts or terms of this Agreement, except to Employee's legal, tax or financial advisors,
Employee's immediate family or in response to an inquiry by federal or state tax authorities or other agencies. In the event Employee reveals any material terms of this Agreement as permitted in this
Paragraph 4(a), said person or persons to whom such information is disclosed shall be instructed that this is a private agreement and that the terms of this Agreement may not be revealed to any
other person for any reason whatsoever. Employee acknowledges that her promises of confidentiality, as set forth herein, are material and essential consideration for the Company's promises and
agreements herein. 

        b)    Employee
agrees not to make any public statement, remark or comment regarding the Company and its Affiliates and its and their employees, directors, officers,
distributors, or shareholders, or its or their products or services, other than the substance of the following: "I have decided to retire after 24 years with the Company. I have enjoyed my
years and wish the Company, its employees and distributors the best success in the future." 

        c)     The
Company and its Affiliates agree not to make any public statement, remark or comment regarding the Employee other than the substance of the following: "Carol has been
a valuable employee for over 24 years. She has decided to retire and the Company thanks her for her years of dedicated service and wishes her well." 

        d)    Nothing
in this Agreement shall prevent the Parties from: (i) disclosing information or documents in response to a compelled process of law, including, without
limitation, production in response to any
subpoena or in response to a discovery request issued in any administrative or legal proceeding in which one of the Parties is a party; provided,  however,
that to the extent Employee is the subject of any such discovery request or subpoena, Employee will immediately notify the Company's legal
department, for the purpose of allowing the Company to assert its rights to confidentiality under this Agreement and/or the law; (ii) responding truthfully to any inquiry initiated by a
government agency or entity; (iii) disclosing information in proceedings to enforce the terms of this Agreement; (iv) disclosing information necessary to prosecute or defend actions in
which one of the Parties is a named party; or (v) testifying truthfully or providing truthful information under oath in any legal, administrative or other proceeding. 

        5.    Release.    

        a)    Subject
to Paragraph 5(c), for and in consideration of the promises and commitments set forth herein, Employee on behalf of herself, her heirs, assigns and
successors, covenants not to sue as to claims released herein, and fully releases and discharges the Company and its and their 

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parent(s),
affiliates, successors, divisions, assigns, distributors, subsidiaries, together with its or their past and present directors, officers, agents, representatives, consultants, insurers,
attorneys, current and previous employees, and shareholders (collectively, "Employer Released Parties"), from any and all claims, liabilities, demands, rights, liens, agreements, contracts, covenants,
actions, suits, obligations, debts, costs, expenses, attorneys' fees, damages, judgments, orders, liabilities and causes of action of whatever kind or nature, whether known or unknown, suspected or
unsuspected, which Employee may have or claim to have against the Employer Released Parties prior to the date of execution of this Agreement, including, without limitation, any and all rights and
claims based on, arising out of, or in connection with Employee's employment or separation of employment with or services for the Company, claims arising out of the Employment Agreement, or any other
transactions, occurrences, acts or omissions or any loss, damage or injury whatsoever, known or unknown, suspected or unsuspected, resulting from any act or omission by or on the part of the Employer
Released Parties, committed or omitted prior to the date of this Agreement. This release includes, but is not limited to, any and all rights and claims whether based on contract (implied or express)
or any federal, state or local law, statute or regulation (collectively, the "Released Claims"). By way of example, and not in limitation of the foregoing, the Released Claims shall include any claims
based upon or related to federal or state discrimination laws, the Age Discrimination in Employment Act, the California Labor Code, any and all tort claims, including, without limitation, negligence,
retaliation, violation of public policy, intentional or negligent infliction of emotional distress, discrimination, harassment, wrongful termination, invasion of privacy or defamation. 

        b)    For
and in consideration of Employee's commitments and promises, the Company, on behalf of itself, its parent and subsidiary corporations, and its affiliates, successors
and assigns, covenants not to sue as to any claims released by this Agreement and fully releases and discharges Employee and her heirs, successors, assigns, representatives and her estate
(collectively, the "Employee Releasees"), from any and all claims, liabilities, demands, rights, liens, agreements, contracts, covenants, actions, suits, obligations, debts, costs, expenses,
attorneys' fees, damages, judgments, orders, liabilities, and causes of action, known or unknown, which the Company may have or claim to have against the Employee
Releasees prior to the date of the execution of this Agreement, including, without limitation, any and all rights and claims arising out of Employee's employment or separation of employment with the
Company, claims arising under the Employment Agreement or any other transactions, occurrences, acts or omissions or any loss, damage or injury whatsoever, known or unknown, suspected or unsuspected,
resulting from any act or omission by or on the part of the Employee Releasees, committed or omitted prior to the date of the Agreement, including, without limitation, any and all rights and claims
whether based on tort, contract (implied or express) or any federal, state or local law, statute or regulation (collectively, the "Company Claims"). By way of example, and not in limitation of the
foregoing, the Company Claims shall include any claims for breach of contract or breach of fiduciary duty and any and all tort claims including, without limitation, negligence or defamation. 

        c)     The
Released Claims and the Company Claims shall be collectively referred to herein as the "Released Matters." Notwithstanding the foregoing, the Parties expressly agree
that nothing in this Agreement shall be deemed a waiver or release of the following: (i) claims by either Party to enforce the terms of this Agreement or the Consulting Agreement,
(ii) claims for reimbursement or payment from any Company health, vision or medical plan or other employee benefit plan in which Employee and/or her family members have participated, and
(iii) Employee's rights under Section 18 of the Employment Agreement. 

        d)    Except
for the obligations created by or arising from this Agreement and the claims identified in Paragraph 5(c) above, the Parties understand that this is a full
and final release covering all unknown and unanticipated injuries, debts, claims, or damages to either the Employer 

3

 

Released
Parties or the Employee Releasees which may have arisen or may arise in connection with any act or omission by the parties released herein prior to the date of execution of this Agreement.
For that reason, the Parties waive any and all rights or benefits which they may have pursuant to Section 1542 of the California Civil Code, which provides as follows: 

        A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN
BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

        e)    Except
as otherwise specifically set forth in this Agreement, the Parties waive any and all rights they have or may have under California Civil Code Section 1542,
and/or any similar provision of law or successor statute to it, with respect to the Released Matters. In connection with this waiver, the Parties acknowledge that they are aware that they may
hereafter discover claims presently unknown or unsuspected, or facts in addition to or different from those which they now know or believe to be true, with respect to the subject matter of this
Agreement. Nevertheless, the Parties intend by this Agreement, and with and upon the advice of their own independently selected counsel and/or other qualified representative, to release fully, finally
and forever all Released Matters under this Agreement. In furtherance of such intention, the releases set forth in this Agreement shall be and shall remain in
effect as full and complete releases notwithstanding the discovery or existence of any such additional or different claims or facts relevant hereto. 

        f)     Pursuant
to the Older Workers Benefit Protection Act, 29 U.S.C. § 626(f), Employee acknowledges that: (a) Employee has read this Agreement;
(b) Employee has been provided a full and ample opportunity to study it; (c) Employee is hereby advised in writing to consult with an attorney prior to signing this Agreement;
(d) Employee has been advised that Employee has twenty-one (21) days from the date this Agreement is presented to her in which to consider this Agreement and whether Employee
will enter into it; (e) Employee has seven (7) days following her execution of this Agreement to revoke the Agreement by physical delivery of timely notice of her revocation to the
General Counsel of the Company ("Revocation Period"); (f) Employee is waiving rights Employee may have under the Age Discrimination in Employment Act
("ADEA"), 29 U.S.C. § 621 et. seq.; (g) Employee is receiving consideration for this
waiver beyond that to which Employee is otherwise entitled; and (h) Employee is signing this Agreement voluntarily with full knowledge that it is intended, to the maximum extent permitted by
law, as a complete and final release and waiver of any and all claims. Any revocation shall be considered timely only if it is received by the General Counsel of the Company by 5:00 p.m. on the
seventh (7th) day following the date upon which Employee executes this Agreement. To the extent Employee revokes this Agreement pursuant to this Paragraph 5(f), this Agreement is void, and the
Company will have no obligation or responsibilities to Employee under this Agreement. 

        6.    Further Agreements and Representations.    

        a)    The
Parties represent and warrant that they have not filed or initiated any action, claim, charge, complaint or suit of any kind against one another and, in Employee's
case, against any Employer Released Party, and the Parties further agree that they will not file or initiate any claim, action, charge, complaint or suit of any kind against one another based on any
claims released herein. The Parties agree that they will not voluntarily assist, encourage, or cooperate with any other person in instituting or prosecuting any claim or action against one another,
and Employee further agrees that Employee will not assist, encourage, permit or authorize any other person to institute a claim or action on his behalf or as part of a class action against the Company
or its Affiliates, or any Employer Released Party that relates in any way to the matters released in this Agreement. 

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        b)    Any
and all issues, disputes and questions concerning the construction, validity, interpretation and enforceability of this Agreement or the rights and obligations of the
Parties hereunder (an "arbitrable dispute") shall be resolved exclusively by final and binding arbitration in Los Angeles, California, before a single experienced arbitrator licensed to practice law
in California and selected in accordance with the rules of the American Arbitration Association. This shall be the exclusive remedy for any such claim or dispute, and the Company shall pay all
administrative and arbitrator's costs and fees associated with any such arbitration proceeding. Any such arbitration shall be conducted in accordance with California law regarding arbitration of
employment claims. All substantive and procedural law will
apply in the arbitration as if the Parties were in Court. The Arbitrator shall issue a Statement of Decision setting forth the factual and legal basis for the Arbitrator's decision sufficiently
detailed to be reviewed by a Court of law. In any arbitration hereunder, the prevailing Party shall be entitled, in addition to other remedies, to recover attorneys' fees and costs of suit. Should any
Party to this Agreement hereafter institute any legal action or administrative proceeding against the other with respect to any claim waived by this Agreement or pursue any arbitrable dispute by any
method other than said arbitration, the responding Party shall be entitled to recover from the initiating party all damages, costs, expenses and attorneys' fees incurred as a result of such action.
The arbitration decision may be enforced by a petition to the Superior Court for confirmation and enforcement of the award. The Arbitrator shall have the power to enter temporary restraining orders,
preliminary and permanent injunctions. Prior to the appointment of the Arbitrator or for remedies beyond the jurisdiction of an arbitrator, at any time, either of the Parties may seek  pendente lite
relief in a court of competent jurisdiction in Los Angeles County, California without thereby waiving its right to arbitration of the
dispute or controversy under this section. All arbitration proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed, except as necessary
to obtain court confirmation of the arbitration award. The provisions of this Paragraph 6 shall supersede any inconsistent provisions of any prior agreement between the parties. If any part of
this arbitration provision is deemed to be invalid, unenforceable or illegal, the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if
the invalid, unenforceable, illegal or conflicting provision were not contained herein. 

        c)     It
is understood and agreed that this is a compromise settlement of potential disputed claims, and the furnishing of the consideration for this Agreement shall not be
deemed or construed as an admission of liability, responsibility or wrongdoing by any party at any time for any purpose, all of which liability, responsibility or wrongdoing are hereby denied. It is
further agreed and understood that this Agreement is being entered into solely for the purpose of avoiding further expense and inconvenience. 

        d)    The
Parties hereby agree to make, execute and deliver such other instruments or documents, and to do or cause to be done such further or additional acts, as reasonably
may be necessary to effectuate the purposes or to implement the terms of this Agreement. 

        e)    The
Company warrants and represents that the individual executing this Agreement on its behalf has all necessary authority to do so and that the Company has taken all
necessary steps and fulfilled all conditions to make this Agreement binding upon the Company. 

        7.    Miscellaneous.    

        a)    This
Agreement shall be governed by and construed in accordance with the substantive laws of the State of California without regard to any conflict or choice of law rules
that would result in the application of any other state's law. 

        b)    Should
any provision of this Agreement or any portion hereof, be declared or be determined by any court to be illegal or invalid, the validity of the remaining parts,
terms or 

5

 

provisions
shall not be affected thereby and said illegal or invalid part, term or provision shall be automatically conformed to the law, if possible, or deemed not to be part of this Agreement. 

        c)     The
Parties to this Agreement acknowledge that they have entered into this Agreement voluntarily, without coercion and based upon their judgment and not in reliance upon
any representation or promises made by the other party other than those contained or referred to herein. This Agreement incorporates and constitutes the entire agreement among the Parties regarding
the subject matter hereof and supersedes all prior negotiations, understandings and agreements between the Parties hereto with respect to the subject matter hereof, and the Parties each respectively
acknowledge and agree that they have not relied on any representations or promises in connection with this Agreement not contained or referred to herein. The Parties have read this Agreement, and they
are fully aware of its contents and of its legal effect and acknowledge that all promises, waivers and agreements herein are knowing and voluntary. This Agreement may not be modified or cancelled, nor
may any provision with respect to it be waived, except in a writing signed by the Parties. 

        d)    Each
Party hereto represents and warrants to the other Parties hereto that they have not sold, assigned, transferred, conveyed or otherwise disposed of any claim or
demand covered by this Agreement and they are the sole and lawful owner of all right, title and interest in and to every claim and other matter constituting the Released Matters. Each Party shall
indemnify, defend and hold all other Parties harmless from and against any and all claims which may now or hereafter be made against such other Parties by virtue of any breach of the provisions of
this Paragraph. 

        e)    This
Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, legal representatives, successors and assigns. 

        IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the day and year first-above written. 

	DATED:	 	 	 	 
	 	
	 	
CAROL HANNAH

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	DATED:	 	 	HERBALIFE INTERNATIONAL OF AMERICA, INC.
	 	
	 	 	 
	

 	

 	
 	

By:	

 
	 	 	 	 	

	

 	

 	
 	

Its:	

 
	 	 	 	 	

	

 	

 	
 	
HERBALIFE INTERNATIONAL, INC.
	

 	

 	
 	

By:	

 
	 	 	 	 	

	

 	

 	
 	

Its:	

 
	 	 	 	 	

7

QuickLinks

Exhibit 10.43

SEPARATION AGREEMENT AND GENERAL RELEASE

AGREEMENTS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}]]