Document:

NON-QUALIFIED STOCK OPTION
                           --------------------------

     ENERGIZER  HOLDINGS,  INC.  (the  "Company"), effective September 23, 2002,
grants  this Non-Qualified Stock Option to __________ ("Optionee") to purchase a
total  of  10,000  shares  of  Common Stock of the Company ("Common Stock") at a
price  of  $30.10  per  share  pursuant  to  its  Energizer  Holdings, Inc. 2000
Incentive  Stock  Plan  (the "Plan").  Subject to the provisions of the Plan and
the  following  terms,  Optionee  may  exercise this Option from time to time by
tendering  to  the Company written notice of exercise together with the purchase
price  in  cash,  or  in  shares  of  Common Stock at their Fair Market Value as
determined by the Board of Directors of the Company (the "Board"), provided that
such  shares  have  been  held  for  at  least  six  months.

1.     Normal  Exercise.  This  Option becomes exercisable at the rate of 20% of
       ----------------
the total shares on September 18 in each of the years 2003, 2004, 2005, 2006 and
2007.  This  Option  remains  exercisable  through  September  22,  2012  unless
Optionee  is  no  longer serving as a Director of the Company, in which case the
Option  is  exercisable  only  in  accordance with the provisions of paragraph 3
below.

2.     Acceleration.  Notwithstanding  the  above,  any  shares  not  previously
       ------------
forfeited  under  this  Option  will  become fully exercisable before the normal
exercise dates set forth in paragraph 1 hereof upon the occurrence of any of the
following  events  while  Optionee  is  serving  on  the  Board:

     a.     death  of  Optionee;

     b.     declaration of Optionee's total and permanent disability;

     c.     retirement,  resignation  or  other  termination  from the Board; or

     d.     a  Change  of  Control  of  the  Company.

3.     Exercise  After Certain Events.  Upon the occurrence of any of the events
       ------------------------------
described  below,  any  shares  that  are exercisable upon such occurrence shall
remain  exercisable during the period stated below, but, in any event, not later
than  September  22,  2012:

     a.     Upon  Optionee's  retirement,  resignation or other termination from
the  Board  (other  than a termination related to a declaration of forfeiture as
described  below),  declaration of total and permanent disability or death, such
shares  that  are exercisable (including any shares that are accelerated because
of  such  events)  shall  remain  exercisable  for  five  years  thereafter;  or

     b.     If  the  Board  determines  that  this Option is forfeit pursuant to
Section  IV of the Plan because Optionee engages in competition with the Company
or  an Affiliate, or Optionee engages in any activity or conduct contrary to the
best  interests  of  the  Company  or  any  Affiliate, such shares that are then
exercisable  shall  remain  exercisable for seven days after such determination.

4.     Forfeiture.  This  Option  is  subject  to forfeiture for the reasons set
       ----------
forth  in  Section  IV.A.1,  3  or  4 of the Plan.  If there is a declaration of
forfeiture, those shares that are exercisable at the time of the declaration may
be exercised as set forth in paragraph 3 hereof; all other shares are forfeited.

5.     Definitions.  Unless  otherwise  defined  in  this  Non-Qualified  Stock
       -----------
Option,  defined  terms  used herein shall have the same meaning as set forth in
the  Plan.

     "Change  of  Control"  shall  occur  when  (i)  a  person, as defined under
securities laws of the United States, acquires beneficial ownership of more than
50%  of  the outstanding voting securities of the Company; or (ii) the directors
of the Company immediately before a business combination between the Company and
another  entity,  or  a proxy contest for the election of directors, shall, as a
result  thereof, cease to constitute a majority of the Board of Directors of the
Company  of  any  successor  to  the  Company.

6.     Severability.  The invalidity or unenforceability of any provision hereof
       -------------
in  any  jurisdiction  shall  not  affect  the validity or enforceability of the
remainder hereof in that jurisdiction, or the validity or enforceability of this
Non-Qualified Stock Option, including that provision, in any other jurisdiction.
To  the  extent permitted by applicable law, the Company and Optionee each waive
any  provision  of  law that renders any provision hereof invalid, prohibited or
unenforceable  in  any  respect.  If  any provision of this Option is held to be
unenforceable  for  any  reason,  it  shall  be  adjusted rather than voided, if
possible,  in order to achieve the intent of the parties to the extent possible.

ACKNOWLEDGED  AND  ACCEPTED:          ENERGIZER  HOLDINGS,  INC.

____________________________
Optionee
                                   By:_________________________
____________________________          J.  Patrick  Mulcahy
Date                                  Chief  Executive  Officer

                               List of Recipients

Pamela  M.  Nicholson,  Director
W.  Patrick  McGinnis,  Director2002 RESTRICTED STOCK EQUIVALENT AWARD AGREEMENT

     Energizer  Holdings, Inc. ("Company"), pursuant to its 2000 Incentive Stock
Plan (the "Plan"), grants to _______ ("Recipient") a Restricted Stock Equivalent
Award  of  up to 10,000 Company restricted common stock equivalents.  This Award
Agreement  is  subject  to the provisions of the Plan and to the following terms
and  conditions:

1.     Restricted  Stock  Equivalents  Award
       -------------------------------------

If,  at any time or from time to time, within two years of the effective date of
this  Award  Agreement,  Recipient  provides  evidence  to  the Secretary of the
Company, reasonably satisfactory to the Company, of his acquisition of shares of
the  Company's  $.01  par  value Common Stock ("Common Stock"), the Company will
credit the Recipient with a restricted common stock equivalent (an "Equivalent")
for  each  share  of  Common  Stock  so  acquired,  up  to  a  maximum of 10,000
Equivalents,  in  the aggregate.  (The shares of Common Stock which are acquired
by  the  Recipient and matched by Equivalents are referred to as "Matched Common
Stock" herein.) Deferrals into the Company's Deferred Compensation Plan will not
be  matched  with  Equivalents.

2.     Holding  Period  for  Matched  Common  Stock
       --------------------------------------------

The  Recipient  agrees  that  he  shall  not sell or transfer any portion of the
Matched  Common  Stock  for  a  period  of three (3) years following the date of
acquisition of such portion, provided, however, that if Recipient pledges any of
the Matched Common Stock as collateral for any loan during that period, it shall
not  be  deemed  a  sale  or  transfer  of the shares for purposes of this Award
Agreement.

3.     Vesting;  Payment
       -----------------

Each  Equivalent  will vest on the date that is three (3) years from the date of
its  crediting  and convert, at that time, or otherwise as provided herein, into
one  share  of Common Stock which will be issued to the Recipient. If Recipient,
no  later than thirty (30) days from the effective date of this Award Agreement,
elects  in  writing to defer the conversion of Equivalents into shares of Common
Stock,  the Equivalents will not convert into Common Stock, and shares of Common
Stock  will not be issued to the Recipient, until the Recipient's termination of
service  on  the  Board  of  Directors  of  the  Company.

4.     Additional  Cash  Payment
       -------------------------

At  the  time of payment of shares of Common Stock to Recipient, as described in
paragraph  3 above, Recipient will also receive an additional cash payment equal
to  the amount of dividends, if any, which would have been paid on the shares of
Common  Stock issued to him if he had actually acquired those shares on the date
or  dates of crediting of his Equivalents.  No interest shall be included in the
calculation  of  such  additional  cash  payment.

5.     Acceleration
       ------------

Notwithstanding the provisions of paragraph 3 above, all Equivalents credited to
the  Recipient will immediately vest, convert into shares of Common Stock and be
paid  to the Recipient, his designated beneficiary, or his legal representative,
in  accordance  with  the  terms  of  the  Plan,  in  the  event  of:

(a)     his  death;
(b)     a  declaration  of  his  total  and  permanent  disability;  or
(c)     a  Change  of  Control  of the Company, which for purposes of this Award
Agreement  shall be deemed to occur when (i) a person, as defined under the U.S.
securities  laws, acquires beneficial ownership of more than fifty percent (50%)
of  the  outstanding  voting securities of the Company; or (ii) the directors of
the  Company  immediately  before a business combination between the Company and
another  entity,  or  a proxy contest for the election of directors, shall, as a
result  thereof, cease to constitute a majority of the Board of Directors of the
Company  (or  a  successor  corporation  of  the  Company).

6.     Forfeiture
       ----------

All  rights  in  and  to  any and all Equivalents granted pursuant to this Award
Agreement,  and  to  any  shares  of Common Stock into which they would convert,
which  have not vested as described in paragraph 3 of this Award Agreement shall
be  forfeited  upon  the  Recipient's  termination  of  service  on the Board of
Directors of the Company.  In addition, any Equivalents granted pursuant to this
Award  Agreement  which  have  not  vested  shall  be forfeited if the shares of
Matched  Common  Stock  to  which  they  relate  are  sold or transferred by the
Recipient  prior  to  three  (3)  years  from  the  date  of  crediting  of such
Equivalents.

7.     Shareholder  Rights;  Adjustment  of  Equivalents
       -------------------------------------------------

Recipient  shall  not  be  entitled, prior to the conversion of Equivalents into
shares  of  Common  Stock,  to  any rights as a shareholder with respect to such
shares  of  Common Stock, including the right to vote, sell, pledge, transfer or
otherwise  dispose  of  the shares.  Recipient shall, however, have the right to
designate  a beneficiary to receive such shares of Common Stock under this Award
Agreement,  subject  to  the provisions of Section V of the Plan.  The number of
Equivalents credited to Recipient may be adjusted, in the sole discretion of the
Nominating  and  Executive  Compensation  Committee  of  the  Company's Board of
Directors,  in  accordance  with  the  provisions  of Section VI(F) of the Plan.

<PAGE>

8.     Other
       -----

The  Company  reserves the right, as determined by the Board of Directors of the
Company, to convert this Award Agreement to a substantially equivalent award and
to  make any other modification it may consider necessary or advisable to comply
with  any  applicable  law  or  governmental  regulation, or to preserve the tax
deductibility  of  any  payments  hereunder.

9.     Effective  Date
       ---------------

This  Award  Agreement  shall  be  deemed  to be effective as of the 18th day of
September,  2000.

ACKNOWLEDGED  AND  ACCEPTED:     ENERGIZER  HOLDINGS,  INC.

________________________________By:_______________________________
Recipient                              J.  Patrick  Mulcahy

<PAGE>
                               List of Recipients

Pamela  M.  Nicholson,  Director
W.  Patrick  McGinnis,  Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}]]