Document:

Retention Agreement

 EXHIBIT 10.20 
 RETENTION AGREEMENT 
 THIS RETENTION AGREEMENT (this “Agreement”) is entered into and
effective as of the 9th day of June, 2008 (“Effective Date”) by and between Spectrum Brands, Inc. (the “Company”), and Amy Yoder (the “Executive”). 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Board”) believes that the next twelve to eighteen months
will be a critical period for the future success of the Company; and 
 WHEREAS, the Company and the Executive have entered into a certain
Employment Agreement, dated March 27, 2007 (the “Employment Agreement”); and 
 WHEREAS, the Board believes that ensuring that
the continuing services of the Executive are provided during this period, the Board has authorized executive management of the Company to provide the Executive with a Retention Incentive upon the terms and conditions set forth herein, and the
Executive is willing and able to continue his employment to achieve such Retention Incentive on such terms and conditions. 
 NOW, THEREFORE,
for and in consideration of the premises and mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Executive hereby agree as follows:

  

	1.	Retention Period. 

  

	    	The retention period shall be the period from the Effective Date through and including December 31, 2009 (the “Retention Period”). 

  

	2.	Retention Incentive 

  

	 	a.	To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash
“Retention Incentive” in an amount equal to $600,000, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows: 

  

	 	(i)	If the Executive is actively employed by the Company on December 31, 2008, the Executive will be paid, on the Company’s first payroll date following December 31,
2008, 50% of the Retention Incentive, less deductions required by law. 

  

	 	(ii)	If the Executive is actively employed by the Company on December 31, 2009, the Executive will be paid, on the Company’s first payroll date following December 31,
2009, 50% of the Retention Incentive, less deductions required by law. 

	 	b.	If, before the end of the Retention Period, there occurs a Change in Control (as defined in the Employment Agreement), any portion of the Retention Incentive not yet paid to
Executive, less deductions required by law, shall be paid to Executive upon the Change in Control. 

  

	 	c.	Nothing in this Agreement shall be construed to deprive Executive of any rights to receive annual incentive bonus payments, if any, made in the ordinary course by the Company to its
senior executives, subject to approval by the Board based upon the recommendation of the Compensation Committee of the Board or any previously communicated retention programs. 

  

	3.	Termination of Employment Prior to the End of the Retention Period. 

  

	 	a.	The Company shall have the right to terminate the Executive’s employment at any time, and the Executive shall have the right to terminate his employment at any time. Any such
termination shall have the effects described in this Section 3. 

  

	 	b.	If before the end of the Retention Period, (i) the Executive’s employment is considered to have been terminated by the Executive for “Good Reason” (as defined in
the Employment Agreement), or (ii) the Company terminates Executive’s employment without “Cause” (as defined in the Employment Agreement), the Executive shall be paid, on the first day of the seventh calendar month following such
termination, the Retention Incentive that would have been paid to Executive but for the early termination of Executive’s employment for the entire Retention Period. 

  

	 	c.	If the Executive voluntarily ends his employment without Good Reason or his employment is terminated by the Company for Cause before the end of the Retention Period, the Executive
shall forfeit any and all Retention Incentive payments, unless any such payments have been made to the Executive pursuant to Section 2(a) of this Agreement, in which case such payments will be retained by the Executive.

  

	4.	Existing Employment Agreement 

  

	    	 This Agreement shall not supersede, but shall be supplemental to, any Employment Agreement, other contract of employment or other agreement in effect between the
Company and the Executive governing the terms and conditions of the Executive’s employment with the Company as of the date of execution hereof. Notwithstanding the foregoing, and notwithstanding any provision of any Employment Agreement to the
contrary, any Retention Incentive paid to the Executive pursuant to this Agreement will not be taken into account in determining 

  

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any amounts payable to the Executive pursuant to the term of any Employment Agreement. 

  

	5.	Successors and Assigns. 

  

	    	This agreement shall be binding upon the Executive, without regard to the duration of his employment by the Company or reasons for the cessation of such employment, although the
obligations of the Executive are personal and may be performed only by him. The Company may assign this Agreement without Executive’s consent, but any such assignment shall not relieve the Company of its obligations hereunder.

  

	    	IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. 

  

			
	SPECTRUM BRANDS, INC.
		
	BY:	 	 /s/    Kent J. Hussey

	 Its:
	 	CEO

  
  

	
	EXECUTIVE:
	
	 /s/    Amy J. Yoder

  

 3Second Amendment to the Employment Agreement

 EXHIBIT 10.21 
 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS SECOND AMENDMENT TO EMPLOYMENT
AGREEMENT (the “Amendment”) is entered into as of the 9th day of June, 2008 (the “Effective Date”), by and between Spectrum Brands, Inc. (“the “Company”) and Kent J. Hussey (the “Executive”).

 WHEREAS, the Company and the Executive previously entered into an Amended and Restated Employment Agreement, dated April 1,
2005, as amended by that certain Amendment to Employment Agreement dated as of June 29, 2007 (together, the “Agreement”); and 
 WHEREAS, the Company and the Executive wish to amend certain provisions of the Agreement in recognition of the Executive’s past services to the Company and the importance to the future success of the Company of the
Executive’s continued services; and 
 NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein
(promises that include benefits to which the Executive would not otherwise be entitled), and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Executive hereby agree as follows:

 1.      Capitalized Terms not defined herein shall have the meanings given those terms in the Agreement. 
 2.      The Executive’s Base Salary, payable pursuant to Section 3(a) of the Agreement, is increased from $750,000 to $825,000,
effective June 1, 2008. 
 3.      The target on which the Executive’s Bonus, payable pursuant to Section 3(b)
of the Agreement, is based is increased from 100% of the Executive’s annual base salary to 125% of the Executive’s annual base salary, effective with the bonus payable to the Executive for the Company’s 2008 fiscal year. 

4.      The target on which the Executive’s long-term incentive award, payable pursuant to Section 3(e) of the Agreement, is
based is increased from 150% of the Executive’s annual base salary to 175% of the Executive’s annual base salary, effective with the long-term incentive award payable to the Executive for the Company’s 2009 fiscal year. 
 5.      The Company shall grant the Executive restricted shares of the Company’s common stock as follows. On the Effective Date, the
Executive shall be awarded 100,000 shares of the Company’s common stock, shares that will include restrictions prohibiting the sale, transfer, pledge, assignment or other encumbrance of such stock (“Restricted Shares”); provided,
however, that all such restrictions on one-half of the Restricted Shares shall lapse on the first anniversary of the Effective Date and that all such restrictions on the remaining Restricted Shares shall laps on the second anniversary of the
Effective Date. Notwithstanding anything else set forth above, (i) restrictions on Restricted Shares shall also lapse on the earlier of a 

  

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change in control of the Company (as defined in the company’s stock plan governing such award) (“Change in Control and (ii) any unlapsed
shares of Restricted Stock shall be forfeited to the Company in the event the Executive’s employment with the Company terminates prior to the earlier of a Change in Control, for any reason other than a termination of the Executive’s
employment by the Company without Cause, by the Executive as a result of a Constructive Termination, or upon death or Disability hereunder. Additional terms and conditions of such restricted stock award shall be set forth in an agreement with such
terms and conditions being substantially similar (other than as set forth above) to the terms and conditions of restricted stock award granted to Executive on October 1, 2007. 
 6.      Except as modified by this Amendment, the Agreement remains in full force and effect, and the execution of this Amendment shall not affect the rights of the Company or the
Executive under the terms of the Agreement as in effect immediately prior to the Effective Date with respect to events occurring before the Effective Date. 
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

			
	 SPECTRUM BRANDS, INC

		
		 	 /s/    John T. Wilson

	 By:
	 	John T. Wilson, VP, Secretary and General Counsel

  
  

			
	EXECUTIVE:
		
		 	 /s/    Kent J. Hussey

	 Name:
	 	 Kent J. Hussey

  

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