Document:

EX-10.3

 Exhibit 10.3 

Newell Brands Inc. 

Amendment to Management Bonus Plan 

The Organizational Development & Compensation Committee (the “Committee”), pursuant to the authority granted under
Section 10.1 of the Newell Brands Inc. Management Bonus Plan (the “Plan”), hereby amends the Plan as follows: 
  

	 	•	 	The Tax Cuts and Jobs Act of 2017 (the “TCJA”) has eliminated the exception from the $1 million deduction limit under Section 162(m) of the Internal Revenue Code of 1986, as amended (the
“Code”), for qualified performance-based compensation payable to “covered employees,” effective for tax years beginning on or after January 1, 2018. Accordingly, the provisions of the Plan intended to permit the grant of
qualified performance-based compensation under Section 162(m) of the Code, as in effect before the TCJA, shall no longer apply with respect to Bonus Awards (as defined in the Plan) granted on or after January 1, 2018, except as described
below. 

  

	 	•	 	Towards that end, for Bonus Awards granted on or after January 1, 2018, except as described below, (i) Corporate Performance Objectives (as defined in the Plan) for such Bonus Awards may be based on any
business criteria the Committee may determine and need no longer be determined in accordance with the requirements of the Newell Rubbermaid Inc. 2013 Incentive Plan, or the timing or certification requirements under the Plan, relating to awards
intended to constitute qualified performance-based compensation under Section 162(m) of the Code, as in effect before the TCJA; (ii) the Committee may establish Bonus Awards solely under the “Inner Plan” provisions of the Plan
(and may disregard the provisions of the Plan regarding the “Outer Plan” and “Maximum Bonus Award” that were intended to qualify Bonus Awards as qualified performance-based compensation under Section 162(m) of the Code, as
in effect before the TCJA; (iii) for the Bonus Awards described above, the Committee now reserves the authority to increase or decrease the Preliminary Bonus Award (as defined in the Plan) for any participant as the Committee in its discretion
determines appropriate; and (iv) the provisions of the Plan intended to satisfy the exception for qualified performance-based compensation under Section 162(m) of the Code, as in effect before the TCJA, shall no longer be applicable for
Bonus Awards granted on or after January 1, 2018, except as set forth below. 

  

	 	•	 	Notwithstanding the foregoing, Bonus Awards granted under the Plan prior to January 1, 2018, or on or after such date pursuant to a written binding contract that was in effect on November 2, 2017 and is not
materially modified thereafter, shall continue to be governed by the terms of the Plan prior to this amendment to the extent necessary for any such Bonus Awards to continue to qualify as qualified performance-based compensation under
Section 162(m) of the Code, as in effect prior to the TCJA, in accordance with and under the special transition rule for Bonus Awards granted and outstanding as of November 2, 2017 or pursuant to a legally binding contract in effect on
such date and not materially modified thereafter.CONSULTING
AGREEMENT

 

This
CONSULTING AGREEMENT (the “Agreement”) is made as of the 12th day of February, 2018 (the
“Effective Date”), by and between DOCUMENT SECURITY SYSTEMS, INC. (the “Company”),
a New York corporation having offices located at 200 Canal View Boulevard, Suite 300, Rochester, New York 14623, and PAMELA
AVALLONE (the “Consultant”), a resident of the State of Florida.

 

RECITALS:

 

WHEREAS,
Consultant currently serves as a member of the Company’s Board of Directors;

 

WHEREAS,
Company is desirous of engaging Consultant as an outside advisor to provide services relating to intellectual property matters
involving the Company;

 

WHEREAS,
Company is engaged in the business of intellectual property development;

 

WHEREAS,
Company desires to retain Consultant to provide the consulting services defined in Section 2(a)(i), below, commencing on the Effective
Date; and

 

WHEREAS,
Company and Consultant recognize that in the course of providing services to Company, Consultant will be exposed to and have access
to certain confidential, material non-public information of Company, and that there is a need for Company to protect such confidential
information and any “proprietary property” derived therefrom, from unauthorized use and disclosure.

 

PROVISIONS:

 

NOW,
THEREFORE, in consideration of the mutual covenants and promises herein contained, and for other good and valuable consideration
the receipt and sufficiency of which are expressly acknowledged, the parties hereby agree as follows:

 

1.
Appointment. By this Agreement, the Company appoints Consultant, and Consultant accepts such appointment, to provide
advice and consulting services to the Company, in accordance with the terms and provisions of this Agreement.

 

2.
Duties and Responsibilities.

 

(a)
Services. Consultant shall provide general intellectual property guidance on all of the Company’s intellectual property
matters during the Term (collectively, the “Services”).

 

    	DSS Consulting Agreement	 	 

     

    

 

3.
Term and Termination.

 

(a)
Term. Unless earlier terminated as provided in this Section 3, the term of this Agreement shall commence on the Effective
Date and shall continue for a period of four months from the Effective Date (the “Term”), at which time it will expire
without the requirement of notice by either party.

 

(b)
Breach with Right to Cure. Either party may immediately terminate this Agreement in the event the other party breaches
a material term or provision of this Agreement and fails to cure such breach within fifteen (15) days after receiving written
notice of the breach.

 

(c)
Breach of Representations and Warranties. The Company may terminate this Agreement immediately upon written notice to Consultant
in the event of any breach by Consultant of Sections 5 or 6 hereof.

 

4.
Compensation; Expenses. 

 

(a)
Compensation. Commencing on the Effective Date, Consultant will be paid cash compensation of $7,500 per month for the Term.

 

(b)
Expenses. The Company will reimburse Consultant for all reasonable and necessary business and travel expenses incurred
by Consultant in performing the Services, subject to receipt of a written request for reimbursement, accompanied by appropriate
supporting documentation. Consultant may request reimbursement not more frequently than once every month during the Term of this
Agreement. Any expense reimbursement request that is anticipated to exceed $500 must be approved in advance by Company.

 

5.
Confidential Information.

 

(a)
Definition of Confidential Information. “Confidential Information” means any and all patents, patents-pending,
source-code, trade secrets, know-how, confidential knowledge, customer information, financial information, or any other proprietary
information existing as of the date of this Agreement, or thereafter developed, pertaining to Company, its affiliates and subsidiaries,
or any of their respective existing or prospective clients, customers, or consultants. By way of illustration but not limitation,
“Confidential Information” includes (i) inventions, ideas, concepts, improvements, discoveries, trade secrets, processes,
data, programs, knowledge, know-how, designs, techniques, formulas, test data, computer code, other works of authorship and designs
whether or not patentable, copyrightable, or otherwise protected by law; (ii) information regarding research, development, new
products and services, marketing plans and strategies, merchandising and selling, business plans and processes, data models, strategies,
forecasts, projections, profits, investments, operations, financings, records, budgets and unpublished financial statements, licenses,
prices and costs, suppliers and customers; and (iii) identity, requirements, preferences, practices and methods of doing business
of specific parties with whom a party transacts business, and information regarding the skills and compensation of employees of
such party and independent contractors performing services for such party.

 

    	DSS Consulting Agreement	2	 

     

    

 

(b)
Confidentiality Obligations. Consultant acknowledges that irreparable injury and damage may result from disclosure of the
Confidential Information to third parties or its use for purposes other than those connected with the Services. Consultant covenants
and agrees, indefinitely:

 

(i)
To hold the Confidential Information in strictest confidence.

 

(ii)
Not to disclose Confidential Information to any third party except as specifically authorized herein or as specifically authorized
by Company, and to use all precautions necessary to prevent the unauthorized disclosure of the Confidential Information, including
without limitation, protection of documents from theft, unauthorized duplication and discovery of contents, and restrictions on
access by other persons to the Confidential Information.

 

(iii)
Not to make or use any copies, synopses or summaries of oral or written material made available by Company to Consultant, except
as are necessary to carry out Consultant’s duties and/or obligations as a Consultant.

 

(iv)
In the event of disclosure in accordance with Section 5(b)(ii) hereof, to limit disclosure to persons with a bona fide need to
know the Confidential Information, to communicate to all persons to whom such Confidential Information is made available the strictly
confidential nature of such Confidential Information and to obtain from all such persons an agreement in writing to be bound by
the restrictions imposed by this Agreement.

 

(v)
In the event Consultant is required by law to disclose such Confidential Information, to provide Company with prompt written notice
of such requirement so that Company may seek a protective order or other appropriate remedy and/or waive compliance with the provisions
of this Agreement; in the event that such protective order or other remedy is not obtained, or that Company waives compliance
with the provisions of this Agreement in writing, to furnish only that portion of Confidential Information that is legally required
and to use its best efforts to obtain reliable assurance that confidential treatment will be accorded to that portion of the Confidential
Information to be disclosed.

 

(c)
Return of Confidential Information. Upon Company’s request and upon the termination of this Agreement, Consultant
will promptly return to Company all written material and other documentation which includes any of the Confidential Information,
and will, at Company’s request, provide Company with a written certification that Consultant has done so.

 

    	DSS Consulting Agreement	3	 

     

    

 

6.
Representations and Warranties; Indemnification.

 

(a)
Consultant hereby represents and warrants to Company as follows:

 

(i)
Consultant is authorized to enter into this Agreement and perform as contemplated herein;

 

(ii)
Consultant will perform hereunder in compliance with all applicable U.S. and international laws;

 

(iii)
That Services will be performed in a diligent and professional manner, consistent with generally accepted industry standards;

 

(iv)
That Consultant’s performance under this Agreement will not violate any contract, agreement, or other document to which
Consultant is subject, or any provision of state or federal law.

 

7.
General.

 

(a)
Notices. All notices under this Agreement may be given by email PDF, personal delivery, by nationally recognized overnight
courier, by certified mail, return receipt requested, enclosed in a duly post-paid envelope and addressed to the post office address
provided by the party to receive notice. Any notice to Company sent pursuant to this Section 7(a) shall be addressed to the Company’s
General Counsel.

 

(b)
Independent Contractor. Consultant is, and at all times will be, an independent contractor. Nothing in this Agreement shall
be deemed to create an employer/employee, principal/agent, or joint venture relationship. Unless expressly agreed to in writing,
neither party has the authority to enter into any contracts on behalf of the other party or otherwise act on behalf of the other
party.

 

(c)
Governing Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State
of New York, without reference to its conflicts of law principles. The federal and state courts residing in the State of New York
shall have exclusive jurisdiction over any claim brought under this Agreement, and the parties hereby irrevocably consent to the
personal jurisdiction of such courts.

 

(d)
Entire Agreement. This Agreement shall constitute the entire agreement between the parties and supersedes and replaces
all other agreements oral and written with respect to its subject matter. This Agreement may
not be modified, amended or terminated except by a writing signed by all parties to it.

 

(e)
Assignment. Consultant may not assign any of its rights or obligations under this Agreement to any other person or entity
(including any subcontractor). All of the terms and conditions of this Agreement shall be binding upon, shall inure to the benefit
of, and shall be enforceable by the respective successors and assigns of the parties. Any attempted assignment in conflict with
the terms herein shall be deemed null and void.

 

    	DSS Consulting Agreement	4	 

     

    

 

(f)
Waiver. No waiver by Company of any failure by Consultant to keep or perform any promise of condition of this Agreement
shall be a waiver of any proceeding or succeeding breach of the same or any other promise or condition. No waiver of Company of
any right shall be construed as a waiver of any other right.

 

(g)
Severability. If any provision of this Agreement shall be held invalid or unenforceable by competent authority, such provision
shall be construed so as to be limited or reduced to be enforceable to the maximum extent compatible with the law as it shall
then appear. The total invalidity or unenforceability of any particular provision of this Agreement shall not affect the other
provisions hereof and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted.

 

(h)
Counterparts. This Agreement may be executed in multiple counterparts, each of which will for all purposes be deemed to
be an original and all of which will constitute one and the same Agreement. A signature delivered on any counterpart by e-mail
PDF, facsimile or other electronic means will be deemed an original signature to this Agreement.

 

IN
WITNESS WHEREOF, each of the parties hereto has executed this Agreement as of the Effective Date.

 

	 	DOCUMENT
    SECURITY SYSTEMS, INC.
	 	 	 
	 	By:	/s/
    Jeffrey Ronaldi
	 	 	Jeffrey
    Ronaldi, CEO
	 	 	 
	 	 	/s/
    Pamela Avallone
	 	 	Pamela
    Avallone, Consultant

 

    	DSS Consulting Agreement	5

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