Document:

Exhibit

February 13, 2019
Richard J. Doleshek
Re: Restricted Stock Awards
Dear Richard:

This letter confirms the agreement of QEP Resources, Inc. (the "Company") relating to the outstanding awards of restricted stock ("Restricted Shares") that were previously (or that may in the future be) granted to you under the Company's equity compensation plans, including the Company's 2010 Long-Term Stock Incentive Plan and the Company's 2018 Long-Term Incentive Plan.
In consideration of your efforts and service to the Company and its affiliates, the Company hereby agrees that if you remain continuously employed with the Company through January 31, 2020 (the "Special Retention Date"), then in the event of your voluntary retirement from the Company on or after the Special Retention Date, all of your unvested Restricted Shares shall fully vest and shall be non-forfeitable, effective as of immediately prior to your retirement, provided that you sign and do not revoke a release of claims in favor of the Company on the Company's standard employee separation form.
You acknowledge that as of the Special Retention Date, your outstanding Restricted Shares will no longer be considered subject to a "substantial risk of forfeiture" and will be taxable to you as of the Special Retention Date.  Therefore the tax withholding provisions set forth in the applicable restricted stock award agreements (the "Award Agreements") will apply as of the Special Retention Date in accordance with their terms.
Except as expressly amended hereby, the provisions of the Award Agreements shall remain unchanged and in full force and effect in accordance with their terms.  This letter shall bind any successor of the Company, its assets or its businesses (whether direct or indirect, by purchase, merger, consolidation, separation or otherwise), in the same manner and to the same extent that the Company would be obligated under this letter if no succession had taken place
Thank you for your hard work and contributions to the Company.
	
					
	 
	 
	                                  QEP RESOURCES, INC.
	 

	 
	 
	 
	 
	 

	 
	 
	By
	/s/ Timothy J. Cutt
	 

	 
	 
	 
	Timothy J. Cutt
	 

	 
	 
	 
	President & CEO
	 

	 
	 
	 
	 
	 

	      ACCEPTED AND AGREED TO this 19th day of February, 2019.
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	By
	/s/ Richard J. Doleshek
	 
	 

	 
	Richard J. DoleshekEX-10.1

 Exhibit 10.1 

Newell Brands LTIP RSU Award – Management Committee 

February 2019 
  

2019 RESTRICTED STOCK UNIT AWARD AGREEMENT (“AGREEMENT”) 

A Restricted Stock Unit (“RSU”) Award (the “Award”) granted by Newell Brands Inc. (formerly known as Newell
Rubbermaid Inc.), a Delaware corporation (the “Company”), to the employee (the “Grantee”) named in the Award letter provided to the Grantee (the “Award Letter”) relating to the common stock, par
value $1.00 per share (the “Common Stock”), of the Company, shall be subject to the following terms and conditions and the provisions of the Newell Rubbermaid Inc. 2013 Incentive Plan, a copy of which is provided to the
Grantee and the terms of which are hereby incorporated by reference (the “Plan”). Unless otherwise provided herein, capitalized terms of this Agreement shall have the same meanings ascribed to them in the Plan. 

1.    Acceptance by Grantee. The receipt of the Award is conditioned upon the Grantee’s
acceptance of the Award Letter, thereby becoming a party to this Agreement, no later than sixty (60) days after the date of the Award set forth therein (the “Award Date”) or, if later, thirty (30) days after the Grantee is
informed of the availability of this Agreement. 
 2.    Grant of RSUs. The Company hereby grants
to the Grantee the Award of RSUs, as set forth in the Award Letter. An RSU is the right, subject to the terms and conditions of the Plan and this Agreement, to receive, as determined by the Company, either a payment of a share of Common Stock
for each RSU or cash equal to the Fair Market Value of a share of Common Stock for each RSU, in either case as of the date of vesting of the Grantee’s Award, or a combination thereof, as described in Section 7 of this
Agreement. A “Time-Based RSU” is a RSU subject to a service-based restriction on vesting; and a “Performance-Based RSU” is a RSU subject to restrictions on vesting based upon the achievement of specific performance
goals. 
 3.    RSU Account. The Company shall maintain an account (“RSU Account”)
on its books in the name of the Grantee which shall reflect the number of RSUs awarded to the Grantee. 

4.    Dividend Equivalents. Upon the record date of any dividend on Common Stock that occurs during
the period preceding the earlier of the date of vesting of the Grantee’s Award or the date the Grantee’s Award is forfeited as described in Section 5, the Company shall credit the Grantee’s RSU Account with an amount equal in
value to the dividends that the Grantee would have received had the Grantee been the actual owner of the number of shares of Common Stock represented by the RSUs in the Grantee’s RSU Account on that record date. Such amounts shall be paid to
the Grantee at the time and in the form of payment specified in Section 7. The amount of dividend equivalents payable to the Grantee shall be adjusted to reflect the adjustment made to any related Performance-Based RSUs pursuant to
Section 6 (which shall be determined by multiplying such amount by the percentage adjustment made to the related RSUs). Any such dividend equivalents relating to RSUs that are forfeited shall also be forfeited. Any such payments shall be
payments of dividend equivalents, and shall not constitute the payments of dividends to the Grantee that would violate the provisions of Section 9 of this Agreement. 

 5.    Vesting. 

(a)    Except as described in subsections (b), (c), (d) and (e) below, the Grantee shall become vested
(i) in his Award of Time-Based RSUs ratably in one-third increments on the first, second and third anniversaries of the Award Date if the Grantee remains in continuous employment with the Company or an
affiliate until such vesting date, and (ii) in his Award of Performance-Based RSUs upon the third anniversary of the Award Date if (aa) the Grantee remains in the continuous employment with the Company or an affiliate until such vesting date,
and (bb) the performance criteria applicable to such Performance-Based RSUs, set forth in Exhibit A to this Agreement, are satisfied. 

(b)    If, prior to the third anniversary of the Award Date, the Grantee dies or becomes disabled, the portion of
the Award then unvested shall become vested on such date of death or disability. For this purpose “disability” means (as determined by the Committee in its sole discretion) the Grantee is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which can be expected to last for a continuous period of not less than twelve (12) months. 

(c)    Subject to subsections (d) and (f) below, if the Grantee’s employment with the Company and all
affiliates terminates prior to the third anniversary of the Award Date due to retirement, without cause, on or after the date on which the Grantee has attained age sixty (60), any unvested Time-Based RSUs and Performance-Based RSUs granted twelve
(12) or more months prior to retirement shall remain outstanding until the applicable vesting date, at which time the Time-Based RSUs will vest as provided in Section 5(a) above (without regard to any requirements regarding continuous
employment with the Company or an affiliate until such vesting date), and the Grantee will receive “Pro-Rated Time-Based RSUs”, and the Performance-Based RSUs (which shall not be prorated)
will vest as provided in Section 5(a) above based on the performance criteria applicable to such Performance-Based RSUs set forth in Exhibit A to this Agreement. Subject to subsections (d) and (f) below, if the Grantee’s
employment with the Company and all affiliates terminates prior to the third anniversary of the Award Date due to retirement, without cause, on or after the date on which the Grantee has attained age fifty-five (55) with ten or more years of
credited service but before the date on which the Grantee has attained age sixty (60), any unvested Time-Based RSUs and Performance-Based RSUs granted twelve (12) or more months prior to retirement shall remain outstanding until the applicable
vesting date, at which time the Time-Based RSUs and the Performance-Based RSUs will vest as provided in Section 5(a) above (without regard to any requirements regarding continuous employment with the Company or an affiliate until such vesting
date), and the Grantee will receive “Pro-Rated Time-Based RSUs” and “Pro-Rated Performance-Based RSUs”, with such Pro-Rated Performance-Based RSUs to vest as provided in Section 5(a) above based on the performance criteria applicable to such Pro-Rated

  
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Performance-Based RSUs set forth in Exhibit A to this Agreement. The portion of the Award that does not vest shall be forfeited to the Company. For the avoidance of doubt, any Award
made less than twelve (12) months prior to retirement shall be forfeited and no portion of such Award shall vest. For purposes of this subsection (c): 

(1)    The term “affiliate” means each entity with whom the Company would be
considered a single employer under Sections 414(b) and 414(c) of the Code, substituting “at least 50%” instead of “at least 80%” in making such determination. 

(2)    The term “credited service” means the Grantee’s period of employment
with the Company and all affiliates since the most recent date of hire (including any predecessor company or business acquired by the Company or any affiliate, provided the Grantee was immediately employed by the Company or any affiliate). Age and
credited service shall be determined in fully completed years and months, with each month being measured as a continuous period of thirty (30) days. 

(3)    The term “cause” means the Grantee’s termination of employment due to
unsatisfactory performance or conduct detrimental to the Company or its affiliates, as determined solely by the Company. 

(4)    The term “Pro-Rated Time-Based RSUs”
means, with respect to the Time-Based RSUs granted to the Grantee, the portion of the Time-Based RSUs determined by dividing the full number of months of Grantee’s employment with the Company and all affiliates from the Award Date until the
date of termination of Grantee’s employment by the full number of months in the applicable vesting period (in each case carried out to three decimal points). 

(5)     The term “Pro-Rated Performance-Based
RSUs” means, with respect to the Performance-Based RSUs granted to the Grantee, the portion of the Performance-Based RSUs determined by dividing the full number of months of Grantee’s employment with the Company and all affiliates from
the Award Date until the date of termination of Grantee’s employment by thirty-six (36) (in each case carried out to three decimal points). 

(d)    If the Grantee’s employment with the Company and all affiliates terminates prior to the third
anniversary of the Award Date either by the Company for any reason other than Good Cause or by the Grantee for Good Reason, any unvested Time-Based RSUs shall remain outstanding until the applicable vesting date, at which time the Time-Based RSUs
and the Performance-Based RSUs will vest as provided in Section 5(a) above (without regard to any requirements regarding continuous employment with the Company or an affiliate until such vesting date), and the Grantee will receive Pro-Rated Time-Based RSUs and Pro-Rated Performance-Based RSUs, as such terms are defined above in Section 5(c), with such
Pro-Rated Performance-Based RSUs to vest as provided in Section 5(a) above based on the performance criteria applicable to such Pro-Rated Performance-Based RSUs set
forth in Exhibit A to this 

  
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Agreement. The portion of the Award that does not vest shall be forfeited to the Company. For purposes of this Agreement: 

(1)    “Good Cause” means: 

i.    the Grantee’s willful engagement in misconduct in the performance of his or her duties
that causes material harm to the Company; or 
 ii.    the Grantee’s conviction of a criminal
violation involving fraud or dishonesty. 
 Without limiting the generality of the foregoing, the following shall not constitute Good Cause:
the failure by the Grantee and/or the Company to attain financial or other business objectives; any personal or policy disagreement between the Grantee and the Company or any member of the Board; or any action taken by the Grantee in connection with
his or her duties if the Grantee has acted in good faith and in a manner he or she reasonably believed to be in, and not opposed to, the best interest of the Company and had no reasonable cause to believe his or her conduct was improper.
Notwithstanding anything herein to the contrary, in the event the Company terminates the employment of the Grantee for Good Cause hereunder, the Company shall give the Grantee at least thirty (30) days’ prior written notice specifying in
detail the reason or reasons for the Grantee’s termination. 
 (2)    “Good
Reason” shall exist if, without the Grantee’s written consent: 
 i.     there is a
material adverse change in the nature or the scope of the Grantee’s authority or duties; 

ii.     the Grantee is required to report (A) to an officer with a materially lesser position
or title than the officer to whom the Grantee reported before such change in reporting structure was instituted, if the Grantee is not the Chief Executive Officer of the Company, or (B) to other than the entire Board, if the Grantee is the
Chief Executive Officer of the Company; 
 iii.     there is a material reduction in the
Grantee’s rate of base salary; 
 iv.     the Company changes by fifty (50) miles or
more the principal location in which the Grantee is required to perform services; 
 v.     the
Company terminates or materially amends, or terminates or materially restricts the Grantee’s participation in, any equity, bonus or equity-based compensation plans or qualified or supplemental retirement plans so that, when considered in the
aggregate with any substitute plan or plans, the plans in which the Grantee is participating materially fail to provide him or her with a level of benefits provided in the aggregate by such plans prior to such termination or amendment; or 

  
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 vi.     the Company materially breaches the
provisions of this Agreement. 
 A termination of the Grantee’s employment shall not be deemed to be for Good Reason unless (i) the
Grantee gives notice to the Company of the existence of the event or condition constituting Good Reason within thirty (30) days after such event or condition initially occurs or exists, (ii) the Company fails to cure such event or
condition within thirty (30) days after receiving such notice, and (iii) the Grantee’s termination occurs not later than ninety (90) days after such event or condition initially occurs or exists, in each case without the
Grantee’s written consent. 
 (e)    If the Grantee’s employment with the Company and all affiliates
terminates prior to the third anniversary of the Award Date for any reason other than those described in subsections (b), (c), (d) and (f) of this Section 5, the then-unvested portion of the Award shall be forfeited to the Company,
automatically upon such termination of the Grantee’s employment, without further action required by the Company, and no portion of the Award shall thereafter vest. 

(f)    In the case of a Grantee who is also a Director, if the Grantee’s employment with the Company and all
affiliates terminates before the end of the Award’s three (3) - year vesting period, but the Grantee remains a Director, the Grantee’s service on the Board will be considered employment with the Company, and the Grantee’s Award will
continue to vest while the Grantee’s service on the Board continues. Any subsequent termination of service on the Board will be considered termination of employment and vesting will be determined as of the date of such termination of service;
provided, that, to the extent the Grantee would receive more favorable treatment under any of the previous subsections of this Section 5, the Grantee shall be entitled to whichever treatment is more favorable to the Grantee. 

(g)    The provisions of Section 12.1(b) of the Plan shall apply to the Grantee’s Award of
Performance-Based RSUs in the event of a Change in Control, and Plan Section 12.1(a) shall be inapplicable to such Award of Performance-Based RSUs. For the avoidance of doubt, Performance-Based RSUs following a Change in Control shall be
treated in the same manner as Time-Based RSUs following a Change in Control (e.g., the value of an unvested Performance-Based RSU shall equal the value of an unvested Time-Based RSU, and any unvested Performance-Based RSUs shall either be replaced
by a time-based equity award or become immediately vested). 
 The foregoing provisions of this Section 5 shall be subject to the
provisions of any written employment security agreement or severance agreement that has been or may be executed by the Grantee and the Company or any of its affiliates to the extent such provisions provide treatment that is more favorable to the
Grantee than the treatment described in this 

  
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Section 5, and such more favorable provisions in such employment security agreement or severance agreement concerning vesting of an Award shall supersede any inconsistent or contrary
provision of this Section 5. For the avoidance of doubt, to the extent any written employment security agreement or severance agreement provides for treatment that conflicts with the treatment described in this Section 5, the Grantee shall
be entitled to the treatment more favorable to the Grantee. 
 6.    Adjustment of Performance-Based
RSUs. The number of RSUs subject to the Award that are Performance-Based RSUs as described in the Award Letter shall be adjusted by the Committee after the end of the three (3) - year performance period that begins on January 1 of the
year in which the Award is granted, in accordance with the long-term incentive performance pay terms and conditions established under the Plan (the “LTIP”). Any Performance-Based RSUs that vest in accordance with Section 5(b)
prior to the date the Committee determines the level of performance goal achievement applicable to such RSUs shall not be adjusted pursuant to the LTIP. The particular performance criteria that apply to the Performance-Based RSUs are set forth in
Exhibit A to this Agreement. 
 7.    Settlement of Award. If a Grantee becomes
vested in the Award in accordance with Section 5, the Company shall pay to the Grantee, or the Grantee’s personal representative, beneficiary or estate, as applicable, either a number of shares of Common Stock equal to the number of
vested RSUs and dividend equivalents credited to the Grantee’s RSU Account in respect of such vested RSUs, , or cash equal to the Fair Market Value of such shares of Common Stock and dividend equivalents credited to the Grantee’s
RSU Account in respect of such vested RSUs on the date of vesting, as adjusted in accordance with Section 6, if applicable, or a combination thereof. Such shares and/or cash shall be delivered/paid in a single sum within thirty
(30) days following the date of vesting as defined in Section 5. 
 8.    Withholding
Taxes. The Company shall withhold from any payment made to the Grantee in cash an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements. In the case of a payment made in shares of Common Stock, the
Grantee shall pay to the Company an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements prior to the delivery of any shares. Payment of such taxes may be made by one or more of the following methods:
(i) in cash, (ii) in cash received from a broker-dealer to whom the Grantee has submitted irrevocable instructions to deliver the amount of withholding tax to the Company from the proceeds of the sale of shares subject to the Award,
(iii) by directing the Company to withhold a number of shares otherwise issuable pursuant to the Award with a Fair Market Value equal to the tax required to be withheld, (iv) by delivery to the Company of other Common Stock owned by the
Grantee that is acceptable to the Company, valued at its Fair Market Value on the date of payment, or by certifying to ownership by attestation of such previously owned Common Stock, or (v) any combination of the foregoing. 

9.    Rights as Stockholder. The Grantee shall not be entitled to any of the rights of a stockholder
of the Company with respect to the Award, including the right to vote and to receive dividends and other distributions, until and to the extent the Award is settled in shares of Common Stock. 

  
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 10.    Share Delivery. Delivery of any shares in
connection with settlement of the Award will be by book-entry credit to an account in the Grantee’s name established by the Company with the Company’s transfer agent, or upon written request from the Grantee (or his personal
representative, beneficiary or estate, as the case may be), in certificates in the name of the Grantee (or his personal representative, beneficiary or estate). 

11.    Award Not Transferable. The Award may not be transferred other than by last will and testament
or the applicable laws of descent or distribution or pursuant to a valid domestic relations order. The Award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment,
execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Award, other than in accordance with its terms, shall be void and of no effect. 

12.    Administration. The Award shall be administered in accordance with such regulations as the
Organizational Development and Compensation Committee of the Board of Directors of the Company (the “Committee”) shall from time to time adopt, and, to the extent applicable, in compliance with the requirements of Code
Section 162(m) including, without limitation, any prorations required by Code Section 162(m), if the award qualifies for any transition relief under Code Section ”62(m) as revised by the Tax Reform and Jobs Act of 2017. 

13.    Section 409A Compliance. To the extent that the Grantee’s right to receive payment of the
RSUs and dividend equivalents constitutes a “deferral of compensation” within the meaning of Section 409A of the Code and regulatory guidance promulgated thereunder (“Section 409A”), then
notwithstanding anything contained in the Plan to the contrary, the shares of Common Stock and/or cash otherwise deliverable under Sections 4 and 7 shall be delivered in accordance with the requirements of Section 409A of the Code because: 

(a)    The shares of Common Stock underlying the vested RSUs and the related dividend equivalents that are to
become vested, and are deliverable, on the first, second and/or third anniversaries of the Award Date (where the Grantee either remains in continuous employment with the Company or an affiliate until such vesting date, terminates employment prior to
the third year anniversary of the Award Date due to retirement, as defined above, is terminated by the Company for any reason other than Good Cause, or terminates employment for Good Reason) shall be delivered to the Grantee, or his personal
representative, beneficiary or estate, as applicable, within thirty (30) days following the applicable anniversary of the Award Date. 

(b)    The shares of Common Stock underlying the vested RSUs and the related dividend equivalents that are to
become vested, and are deliverable, prior to the applicable anniversary of the Award Date on the Grantee’s death or disability shall be delivered to the Grantee, or his personal representative, beneficiary or estate, as applicable, within
thirty (30) days following the Grantee’s death or disability. 

  
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 (c)    In the event that any taxes described in Section 8 of
this Agreement are due prior to the distribution of shares of Common Stock or cash underlying the RSUs, then the Grantee shall be required to satisfy the tax obligation in cash. 

(d)    Notwithstanding any provision of this Agreement, the Grantee shall be solely responsible for the tax
consequences related to this Award, and neither the Company nor its affiliates shall be responsible if the Award fails to comply with, or be exempt from, Section 409A of the Code. 

14.    Restrictive Covenants. 

(a)     Definitions. The following definitions apply in this Agreement: 

(1)    “Confidential Information” means any information that is not generally known
outside the Company relating to any phase of business of the Company, whether existing or foreseeable, including information conceived, discovered or developed by the Grantee. Confidential Information includes, but is not limited to: project files;
product designs, drawings, sketches and processes; production characteristics; testing procedures and results thereof; manufacturing methods, processes, techniques and test results; plant layouts, tooling, engineering evaluations and reports;
business plans, financial statements and projections; operating forms (including contracts) and procedures; payroll and personnel records; non-public marketing materials, plans and proposals; customer lists
and information, and target lists for new clients and information relating to potential clients; software codes and computer programs; training manuals; policy and procedure manuals; raw materials sources, price and cost information; administrative
techniques and documents; and any information received by the Company under an obligation of confidentiality to a third party. 

(2)    “Trade Secrets” means any information, including any data, plan, drawing,
specification, pattern, procedure, method, computer data, system, program or design, device, list, tool, or compilation, that relates to the present or planned business of the Company and which: (i) derives economic value, actual or potential,
from not being generally known to, and not being readily ascertainable by proper means to, other persons who can obtain economic value from their disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances
to maintain their secrecy. To the extent that the foregoing definition is inconsistent with a definition of “trade secret” under applicable law, the latter definition shall control. 

(3)    Neither Confidential Information nor Trade Secrets include general skills or knowledge, or
skills which the Grantee obtained prior to the Grantee’s employment with the Company. 

(4)    “Tangible Company Property” means: documents; reports; drawings; diagrams;
summaries; photographs; designs; specifications; formulae; 

  
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samples; models; research and development information; prototypes; tools; equipment; proposals; files; supplier information; and all other written, printed, graphic or electronically stored
matter, as well as computer software, hardware, programs, disks and files, and any supplies, materials or tangible property that concern the Company’s business and that come into the Grantee’s possession by reason of the Grantee’s
employment, including, but not limited to, any Confidential Information and Trade Secrets contained in tangible form. 

(5)     “Inventions” means any improvement, discovery, writing, formula or idea
(whether or not patentable or subject to copyright protection) relating to the existing or foreseeable business interests of the Company or resulting from any work performed by the Grantee for the Company. Inventions include, but are not limited to,
methods, devices, products, techniques, laboratory and field practices and processes, and improvements thereof and know-how related thereto, as well as any copyrightable materials and any trademark and trade
name whether or not subject to trademark protection. Inventions do not include any invention that does not relate to the Company’s business or anticipated business or that does not relate to the Grantee’s work for the Company and which was
developed entirely on the Grantee’s own time without the use of Company equipment, supplies, facilities or Confidential Information or Trade Secrets. 

(b)     Confidentiality 

(1)    During the Grantee’s employment and for a period of five (5) years thereafter,
regardless of whether the Grantee’s separation is voluntary or involuntary or the reason therefor, the Grantee shall not use any Tangible Company Property, nor any Confidential Information or Trade Secrets, that comes into the Grantee’s
possession in any way by reason of the Grantee’s employment, except for the benefit of the Company in the course of the Grantee’s employment by it, and not in competition with or to the detriment of the Company. The Grantee also will not
remove any Tangible Company Property from premises owned, used or leased by the Company except as the Grantee’s duties shall require and as authorized by the Company, and upon termination of the Grantee’s employment, all Confidential
Information, Trade Secrets, and Tangible Company Property (including all paper and electronic copies) will be turned over immediately to the Company, and the Grantee shall retain no copies thereof. 

(2)    During the Grantee’s employment and for so long thereafter as such information is not
generally known to the public, through no act or fault attributable to the Grantee, the Grantee will maintain all Trade Secrets to which the Grantee has received access while employed by the Company as confidential and as the property of the
Company. 
 (3)    The foregoing means that the Grantee will not, without written authority from
the Company, use Confidential Information or Trade Secrets for the 

  
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benefit or purposes of the Grantee or of any third party, or disclose them to others, except as required by the Grantee’s employment with the Company or as authorized above. 

(4)     Nothing in this Agreement prevents the Grantee from providing, without prior notice to the
Company, information to governmental authorities regarding possible legal violations or otherwise testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations. 

(c)     Inventions and Designs 

(1)    The Grantee will promptly disclose to the Company all Inventions that the Grantee develops,
either alone or with others, during the period of the Grantee’s employment. All inventions that the Grantee has developed prior to this date have been identified by the Grantee to the Company. The Grantee shall make and maintain adequate and
current written records of all Inventions covered by this Agreement. These records shall be and remain the property of the Company. 

(2)    The Grantee hereby assigns any right and title to any Inventions to the Company. 

(3)    With respect to Inventions that are copyrightable works, any Invention the Grantee creates
will be deemed a “work for hire” created within the scope of the Grantee’s employment, and such works and copyright interests therein (and all renewals and extensions thereof) shall belong solely and exclusively to the Company, with
the Company having sole right to obtain and hold in its own name copyrights or such other protection as the Company may deem appropriate to the subject matter, and any extensions or renewals thereof. If and to the extent that any such Invention is
found not to be a work-for-hire, the Grantee hereby assigns to the Company all right and title to such Invention (including all copyrights and other intellectual
property rights therein and all renewals and extensions thereof). 
 (4)    The Grantee agrees to
execute all papers and otherwise provide assistance to the Company to enable it to obtain patents, copyrights, trademarks or other legal protection for Inventions in any country during, or after, the period of the Grantee’s employment. Such
assistance shall include but not be limited to preparation and modification (or both) of patent, copyright or trademark applications, preparation and modification (or both) of any documents related to perfecting the Company’s title to the
Inventions, and assistance in any litigation which may result or which may become necessary to obtain, assert, or defend the validity of any such patent, copyright or trademark or otherwise relates to such patent, copyright or trademark. 

(d)    Non-Solicitation. Throughout the Grantee’s employment
and for twenty-four (24) months thereafter, the Grantee agrees that the Grantee will not directly or indirectly, individually or on behalf of any person or entity, solicit or induce, or assist in any manner in the

  
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solicitation or inducement of: (i) employees of the Company, other than those in clerical or secretarial positions, to leave their employment with the Company (this restriction is limited to
employees with whom the Grantee has had contact for the purpose of performing the Grantee’s job duties and responsibilities); or (ii) customers or actively-sought prospective customers of the Company to purchase from another person or
entity products and services that are the same as or similar to those offered and provided by the Company in the last two (2) years of the Grantee’s employment (“Competitive Products”) (this restriction is limited to
customers or actively-sought prospective customers with whom the Grantee has material contact through performance of the Grantee’s job duties and responsibilities or through otherwise performing services on behalf of the Company). 

(e)    Non-Competition. Throughout the Grantee’s employment and
for twenty-four (24) months thereafter, whether terminated for any reason or no reason, Grantee will not perform the same or substantially the same job duties on behalf of a business or organization that competes with any line of business of
the Company for which Grantee has provided substantial services; provided, however, that for the purpose of this paragraph “line of business” shall exclude any product line or category that accounts for less than two percent (2%) of the
consolidated net sales of the Company or the Grantee’s new employer during the last completed fiscal year prior to the termination of employment. Because the Company’s business is worldwide in scope, it is reasonable for this restriction
to apply in every state in the United States and in every other country in which Competitive Products under such line of business were or are sold or marketed. 

(f)    Non-Disparagement. Throughout the Grantee’s employment
and for twenty-four (24) months thereafter, whether terminated for any reason or no reason, the Grantee agrees not to 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 the business reputation of the same. 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. 

(g)     Enforcement. 

(1)    The Grantee acknowledges and agrees that: (i) the restrictions provided in this
Section 14 of the Agreement are reasonable in time and scope in light of the necessity for the protection of the business and good will of the Company and the consideration provided to the Grantee under this Agreement; and (ii) the
Grantee’s ability to work and earn a living will not be unreasonably restrained by the application of these restrictions. 

(2)    The Grantee also recognizes and agrees that should the Grantee fail to comply with the
restrictions set forth above, the Company would suffer substantial damage for which there is no adequate remedy at law due to the impossibility of ascertaining exact money damages. The Grantee therefore agrees that

  
 - 11 - 

 
in the event of the breach or threatened breach by the Grantee of any of the terms and conditions of Section 14 of this Agreement, the Company shall be entitled, in addition to any other
rights or remedies available to it, to institute proceedings in a federal or state court to secure immediate temporary, preliminary and permanent injunctive relief without the posting of a bond. The Grantee additionally agrees that if the Grantee is
found to have breached any covenant in this Section 14 of the Agreement, the time period provided for in the particular covenant will not begin to run until after the breach has ended, and the Company will be entitled to recover all costs and
attorney fees incurred by it in enforcing this Section 14 of the Agreement. 
 (3)    Grantee
may transfer between Newell Brands subsidiaries, Divisions or brands and/or assume different job duties during employment. In that case, these Confidentiality and Non-Solicitation provisions shall
automatically be assigned to any other Company employer without any further action by Grantee and without any additional consideration for this Agreement to be enforceable against Grantee by Company. 

15.    Data Privacy Consent. The Grantee hereby consents to the collection, use and transfer, in
electronic or other form, of the Grantee’s personal data as described in this Agreement by the Company and its affiliates for the exclusive purpose of implementing, administering and managing Grantee’s participation in the Plan. The
Grantee understands that the Company and its affiliates hold certain personal information about the Grantee, including, but not limited to, name, home address and telephone number, date of birth, Social Security number or other identification
number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all options or any other entitlement to shares of stock or stock units awarded, canceled, purchased, exercised, vested, unvested or
outstanding in the Grantee’s favor for the purpose of implementing, managing and administering the Plan (“Data”). The Grantee understands that the Data may be transferred to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in the Grantee’s country or elsewhere and that the recipient country may have different data privacy laws and protections than the Grantee’s country. The
Grantee understands that the Grantee may request a list with the names and addresses of any potential recipients of the Data by contacting the local human resources representative. The Grantee authorizes the recipients of Data to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Grantee’s participation in the Plan, including any requisite transfer of such Data, as may be required to a broker
or other third party with whom the Grantee may elect to deposit any shares or other award acquired under the Plan. The Grantee understands that Data will be held only as long as is necessary to implement, administer and manage participation in the
Plan. The Grantee understands that the Grantee may, at any time, view Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein, in any
case without cost, by contacting the local human resources representative in writing. The Grantee understands that refusing or withdrawing consent may affect the Grantee’s ability to participate in the Plan. For more information on the
consequences of refusing to consent or withdrawing consent, the Grantee understands that the Grantee may contact his or her local human resources representative. 

  
 - 12 - 

 16.    Electronic Delivery. The Grantee hereby
consents and agrees to electronic delivery of any documents that the Company may elect to deliver (including, but not limited to, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements, annual and
quarterly reports, and all other forms of communications) in connection with this Award and any other award made or offered under the Plan. The Grantee understands that, unless earlier revoked by the Grantee by giving written notice to the Secretary
of the Company, this consent shall be effective for the duration of the Agreement. The Grantee also understands that he or she shall have the right at any time to request that the Company deliver written copies of any and all materials referred to
above at no charge. The Grantee hereby consents to any and all procedures the Company has established or may establish for an electronic signature system for delivery and acceptance of any such documents that the Company may elect to deliver, and
agrees that his or her electronic signature is the same as, and shall have the same force and effect as, his or her manual signature. The Grantee consents and agrees that any such procedures and delivery may be effected by a third party engaged by
the Company to provide administrative services related to the Plan. 
 17.    Governing Law. This
Agreement, and the Award, shall be construed, administered and governed in all respects under and by the laws of the State of Delaware. The Grantee agrees to submit to personal jurisdiction in the Delaware federal and state courts, and all suits
arising between the Company and the Grantee must be brought in said Delaware courts, which will be the sole and exclusive venue for such claims. 

18.    Acknowledgment. BY ACCEPTING THE AWARD LETTER, THE GRANTEE ACKNOWLEDGES THAT THE GRANTEE HAS READ,
UNDERSTOOD AND AGREES TO ALL OF THE PROVISIONS OF THIS AGREEMENT, AND THAT THE GRANTEE WAS AFFORDED SUFFICIENT OPPORTUNITY BY THE COMPANY TO OBTAIN INDEPENDENT LEGAL ADVICE AT THE GRANTEE’S EXPENSE PRIOR TO ACCEPTING THE AWARD LETTER. 

 

	
	NEWELL BRANDS INC.
	
	Bradford R. Turner, Chief Legal and Administrative Officer and Corporate Secretary

  

  
 - 13 - 

 EXHIBIT A 

NEWELL RUBBERMAID INC. 2013 INCENTIVE PLAN 

2019 RESTRICTED STOCK UNIT AWARD AGREEMENT 

Performance Criteria Applicable to 

Performance-Based RSUs 
  

	1.	 Following the completion of the applicable three-year performance period, the Committee will determine the
extent to which each of the Performance Goals described below have been achieved. Each payout percentage calculated in accordance with Section 2 and Section 3 of this Exhibit A shall be multiplied by one-half, and the resulting sum of the two payout percentages (to two decimal places) shall determine the adjusted number of Restricted Stock Units, and thus the number of shares of Common Stock or cash equivalents,
to be issued upon vesting pursuant to each Key Employee’s Performance-Based Restricted Stock Unit grant. 

  

	2.	 Relative Total Shareholder Return 

 

	 	a.	 The Performance-Based RSUs covered by the Award will be subject to analysis with respect to the following Total
Shareholder Return (“TSR”) Comparator Group members:1 

  

			
	 Avery Dennison Corporation

Brother Industries
 The
Clorox Company
 Church & Dwight Co., Inc.

Colgate-Palmolive Company

Coty Inc.
 Domtar
Corporation
 Dorel Industries Inc.

AB Electrolux
 Fortune
Brands Home & Security Inc.
 General Mills

Hasbro, Inc.
	  	 Henkel AG & Co. KGaA
 Kimberly-Clark
Corporation
 Koninklijke Philips N.V.
 Mattel, Inc.

Reckitt Benckiser Group plc
 SEB SA

Societe BIC SA
 Spectrum Brands Holdings, Inc.

Tupperware Brands
 VF Corporation

Whirlpool Corporation

  

	 	b.	 The Company’s ranking (in the range of highest to lowest) in the TSR Comparator Group at the end of the
performance period beginning January 1, 2019, and ending December 31, 2021, will be determined by the Committee based on the TSR for the Performance Period for the Company and each of the members in the TSR Comparator Group as calculated
below (with the highest number ranked first and the lowest number ranked last): 

  

	1 	 Any companies that are in the TSR Comparator Group at the beginning of the performance period that no longer
exist at the end of the three-year performance period, (e.g., through merger, buyout, spin-off, or similar transaction), or otherwise change their structure or business such that they are no longer reasonably
comparable to the Company, shall be disregarded by the Committee in the Committee’s calculation of the appropriate interpolated percentage. 

  
 A-1 

	 	c.	 TSR is calculated as follows and then expressed as a percentage: 

(Ending Average Market Value – Beginning Average Market Value) + Cumulative Annual Dividends 

Beginning Average Market Value 

“Average Market Value” means the simple average of the daily stock prices at close for each trading day during the applicable period
beginning or ending on the specified date for which such closing price is reported by the New York Stock Exchange, Nasdaq Stock Market or other authoritative source the Committee may determine. 

“Beginning Average Market Value” means the Average Market Value for the ninety (90) days ending December 31, 2018. 

“Cumulative Annual Dividends” mean the cumulative dividends and other distributions with respect to a share of the Common Stock the
record date for which occurs within the Performance Period. 
 “Ending Average Market Value” means the Average Market Value for the
last ninety (90) days of the Performance Period. 
 “Performance Period” means the period beginning January 1, 2019 and
ending December 31, 2021. 
  

	 	d.	 The payout percentage applicable to the TSR analysis under the Award will be multiplied by an
interpolated percentage (using straight-line interpolation) attributable to the Company’s ranking in the TSR Comparator Group as set forth below. 

  
 A-2 

	 	e.	 The TSR Comparator Group member with the highest ranking will have a percentage of 200%, and the member with
the lowest ranking in the TSR Comparator Group will have a percentage of 0%. However, in the event the Company’s ranking in the TSR Comparator Group is in the bottom quartile of the TSR Comparator Group at the end of the three-year performance
period (i.e., December 31, 2021), the payout percentage will be zero regardless of the interpolated percentage. TSR Comparator Group members between the highest ranking and lowest ranking will have interpolated percentages. For example, if the
initial TSR Comparator Group has 24 companies (including the Company) at the beginning of the performance period and 5 of the companies have been merged out of existence or are no longer comparable by the end of the performance period, the
interpolated percentages will be based on where the Company ranks among the remaining 19 companies as follows: 

  

									
	 Rank

(Highest to Lowest)
	  	Percentage	 	 	Percentage	 
	 1st
	  	 	200	% 	 	 	200	% 
	 2nd
	  	 	188.9	% 	 	 	188.9	% 
	 3rd
	  	 	177.8	% 	 	 	177.8	% 
	 4th
	  	 	166.7	% 	 	 	166.7	% 
	 5th
	  	 	155.6	% 	 	 	155.6	% 
	 6th
	  	 	144.4	% 	 	 	144.4	% 
	 7th
	  	 	133.3	% 	 	 	133.3	% 
	 8th
	  	 	122.2	% 	 	 	122.2	% 
	 9th
	  	 	111.1	% 	 	 	111.1	% 
	 10th
	  	 	100.0	% 	 	 	100.0	% 
	 11th
	  	 	88.9	% 	 	 	88.9	% 
	 12th
	  	 	77.8	% 	 	 	77.8	% 
	 13th
	  	 	66.7	% 	 	 	66.7	% 
	 14th
	  	 	55.6	% 	 	 	55.6	% 
	 15th
	  	 	44.5	% 	 	  	44.5	%2 
	 16th
	  	 	33.4	% 	 	 	0	% 
	 17th
	  	 	22.3	% 	 	 	0	% 
	 18th
	  	 	11.2	% 	 	 	0	% 
	 19th
	  	 	0	% 	 	 	0	% 

  

	3.	 Free Cash Flow 

  

	 	a.	 Free Cash Flow shall be measured on a cumulative basis over the entire three-year performance period. The
payout percentage for the Free Cash Flow targets shall be as follows: 

  

									
	 Payout Level
	  	Cumulative Free Cash Flow
over Performance Period	 	  	Payout
Percentage	 
	 Threshold
	  	$	450 million	 	  	 	0	% 
		  	$	625 million	 	  	 	50	% 
	 Target
	  	$	800 million	 	  	 	100	% 
		  	$	1.1 billion	 	  	 	150	% 
	 Maximum
	  	$	1.5 billion	 	  	 	200	% 

  

	 	b.	 For any actual performance figure which falls between two defined payment thresholds, the payout with respect
to such performance criteria shall be determined by straight-line interpolation. 

  

	2 	 In the event that the cutoff for the bottom quartile occurs between ranks (e.g., between 15th and 16th in the example above) the zero payout percentage will not apply to the higher rank with the percentage determined by interpolation
between 0% and 44.5%. 

  
 A-3 

	 	c.	 “Free Cash Flow” means operating cash flow for the total Company (including discontinued operations),
as reported by the Company, less capital expenditures, subject only to the adjustments described below. Free Cash Flow shall exclude the impact of all cash costs related to the extinguishment of debt; debt and equity related financing costs; cash
tax payments associated with the sale of a business unit or line of business; cash expenditures associated with the acquisition, or divestiture of business units or lines of business, including retention related deal payments and all cash costs
associated with appraisal rights proceedings; and other significant cash costs that have had or are likely to have a significant impact on Free Cash Flow for the period in which the item is recognized, are not indicative of the Company’s core
operating results and affect the comparability of underlying results from period to period, as determined by the Committee. Free Cash Flow shall include disposal proceeds for ordinary course and restructuring related asset sales. Free Cash Flow
shall include operating cash flow and capital expenditures attributable to Rexair, U.S. Playing Cards, Process Solutions, Mapa/Spontex and Commercial & Consumer Solutions (each, a “Held-For-Sale Business”). 

  

	 	d.	 Upon the divestiture of a business unit or line of business, other than a Held-For-Sale Business, Free Cash Flow targets shall be adjusted to exclude the estimated results for the divested business unit or line for the period following the divestiture, to reflect the negative
impact of any unabsorbed overhead (net of transition service fee recovery) resulting during the period following the divestiture, and to reflect the impact of any use of net proceeds from the divestiture for debt repayment. Upon the acquisition of a
business unit or line of business, Free Cash Flow targets will be adjusted to reflect the anticipated impact of the transaction during the performance period in accordance with management estimates as communicated to the Board of Directors (or a
committee thereof) in support of the acquisition approval request, including any related interest expense or financing cost. 

  

	 	e.	 The Free Cash Flow targets described above are based on the assumption that each of the Held-for-Sale Businesses is divested in accordance with the schedule reflected in the Company’s annual budget for 2019. In the event that any Held-For-Sale Business is not divested during the three-year performance period, or is divested on a date later than the date assumed in such 2019 budget, the Free Cash Flow
targets will be adjusted to include the budgeted and/or estimated results for such Held-for-Sale Business for the period of time between the actual and planned
divestiture dates (or period-end, as applicable), and to reflect the impact of any related delay in the planned use of net proceeds from the divestiture for debt repayment. In the event that any Held-For-Sale Business is divested on a date earlier than the date assumed in such 2019 budget, the Free Cash Flow targets will be adjusted to exclude the budgeted results for
such Held-for-Sale Business for the period of time between the actual and planned divestiture dates, and to reflect the impact of any related acceleration in the planned
use of net proceeds for debt repayment. 

  
 A-4

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