Document:

exv10w2

    Exhibit 10.2

 

    SWISHER
    HYGIENE INC.

    

 

    SENIOR
    EXECUTIVE OFFICERS

    

    PERFORMANCE
    INCENTIVE BONUS PLAN

 

		
	
    1.  
	
    PURPOSE

 

    The purpose of this Plan is to attract, retain and motivate key
    employees by providing cash performance bonuses to designated
    key employees of the Company or its Subsidiaries. This Plan is
    effective for fiscal years of the Company commencing on or after
    January 1, 2011, subject to approval by the stockholders of
    the Company in accordance with the laws of the State of Delaware.

 

		
	
    2.  
	
    DEFINITIONS

 

    Unless the context otherwise requires, the terms which follow
    shall have the following meaning:

 

    (a) “Board” — shall mean the
    Board of Directors of the Company.

 

    (b) “Cause” shall mean, with respect to a
    termination of employment or other service with the Company or
    any Subsidiary, a termination of employment or other service due
    to a Participant’s dishonesty, fraud, insubordination,
    willful misconduct, refusal to perform services (for any reason
    other than illness or incapacity) or materially unsatisfactory
    performance of the Participant’s duties for the Company or
    any Subsidiary; provided, however, that if the
    Participant and the Company (or any Subsidiary) have entered
    into an employment agreement or consulting agreement which
    defines the term Cause, the term Cause shall be defined in
    accordance with such agreement. The Committee shall determine in
    its sole and absolute discretion whether Cause exists for
    purposes of the Plan.

 

    (c) “Change of Control of the
    Company” — shall have the meaning set forth
    in Exhibit A hereto.

 

    (d) “Code” — shall mean the
    Internal Revenue Code of 1986, as amended and any successor
    thereto.

 

    (e) “Code Section 162(m)
    Exception” — shall mean the exception for
    performance based compensation under Section 162(m) of the
    Code or any successor section and the Treasury regulations
    promulgated thereunder.

 

    (f) “Company” — shall mean
    Swisher Hygiene Inc. and any successor by merger, consolidation
    or otherwise.

 

    (g) “Committee” — shall mean the
    Compensation Committee of the Board or such other Committee of
    the Board that is appointed by the Board to administer this
    Plan; it is intended that all of the members of any such
    Committee shall satisfy the requirements to be outside
    directors, as defined under Code Section 162(m).

 

    (h) “Individual Target Bonus” —
    shall mean the targeted Performance Bonus for a Performance
    Period as specified by the Committee in accordance with
    Section 5 hereof.

 

    (i) “Participant” — shall mean a
    key employee of the Company or any Subsidiary selected, in
    accordance with Section 4 hereof, to be eligible to receive
    a Performance Bonus in accordance with this Plan.

 

    (j) “Performance Bonus” — shall
    mean the amount paid or payable under Section 6 hereof.

 

    (k) “Performance Goals” — shall
    mean the objective performance goals, formulas and standards
    described in Section 6 hereof.

 

    (l) “Performance Period” — shall
    mean the period of time, measured in Plan Years (as specified by
    the Committee) over which achievement of the Performance Goals
    is to be measured.

    

    1

 

    (m) “Plan” — shall mean this
    Swisher Hygiene Inc. Senior Executive Officers Performance
    Incentive Bonus Plan.

 

    (n) “Plan Year” — shall mean a
    fiscal year of the Company.

 

    (o) “Pro Rata Bonus” — shall
    mean a portion of a Performance Bonus equal to the Performance
    Bonus payable had the Participant continuously performed
    services throughout the applicable Performance Period and
    certification of applicable Performance Goals, multiplied by the
    percentage of days during the Performance Period prior to the
    date of termination during which the Participant was employed
    by, or otherwise performed services for, the Company, as
    compared to the number of days in such Performance Period.

 

    (p) “Subsidiary” — shall mean
    any subsidiary of the Company, including any corporation,
    limited liability company, partnership or other entity that is a
    subsidiary of the Company, as determined by the Committee.

 

    (q) “Swisher Bonus Program” shall mean a
    program or annual bonus, established from time to time, setting
    forth terms and conditions of Performance Bonuses under the
    Plan, to the extent not inconsistent with the Plan.

 

		
	
    3.  
	
    ADMINISTRATION
    AND INTERPRETATION OF THE PLAN

 

    The Plan shall be administered by the Committee. The Committee
    shall have the exclusive authority and responsibility to:
    (i) interpret the Plan; (ii) approve the designation
    of eligible Participants; (iii) set the performance
    criteria for Performance Bonuses within the Plan guidelines;
    (iv) determine the timing and form of amounts to be paid
    out under the Plan and the conditions for payment thereof;
    (v) certify attainment of Performance Goals and other
    material terms; (vi) reduce Performance Bonuses as provided
    herein; (vii) authorize the payment of all benefits and
    expenses of the Plan as they become payable under the Plan;
    (viii) adopt, amend and rescind rules and regulations
    relating to the Plan; and (ix) make all other
    determinations and take all other actions necessary or desirable
    for the Plan’s administration, including, without
    limitation, correcting any defect, supplying any omission or
    reconciling any inconsistency in this Plan in the manner and to
    the extent it shall deem necessary to carry this Plan into
    effect, but only to the extent such action would be permitted
    under Code Section 162(m) and the Code Section 162(m)
    Exception.

 

    All decisions of the Committee on any question concerning the
    selection of Participants and the interpretation and
    administration of the Plan shall be final, conclusive and
    binding upon all parties. The Committee may rely on information,
    and consider recommendations, provided by the Board or the
    executive officers of the Company. The Plan is intended to
    comply with Code Section 162(m) and the Code
    Section 162(m) Exception, and all provisions contained
    herein shall be limited, construed and interpreted in a manner
    to so comply.

 

		
	
    4.  
	
    ELIGIBILITY
    AND PARTICIPATION

 

    (a) For each Performance Period, the Committee shall select
    the employees of the Company or its Subsidiaries who are to
    participate in the Plan from among the executive employees of
    the Company or its Subsidiaries.

 

    (b) No person shall be entitled to any Performance Bonus
    under this Plan for a Performance Period unless the individual
    is designated as a Participant for the Performance Period. The
    Committee may add to or delete individuals from the list of
    designated Participants at any time and from time to time, in
    its sole discretion, subject to any limitations required to
    comply with Code Section 162(m) and the Code
    Section 162(m) Exception.

 

		
	
    5.  
	
    PERFORMANCE
    BONUSES

 

    The terms and conditions of the Performance Bonuses shall be set
    forth in this Plan and in any Swisher Bonus Program. For each
    Participant for each Performance Period, the Committee may, in
    its sole discretion,

    

    2

 

    specify an Individual Target Bonus. The Individual Target Bonus
    may be expressed, at the Committee’s sole discretion, as a
    fixed dollar amount, a percentage of base pay, or an amount
    determined pursuant to an objective formula or standard. The
    Committee’s establishment of an Individual Target Bonus for
    a Participant for a Performance Period shall not imply or
    require that the same level Individual Target Bonus (if any
    such bonus is established by the Committee for the relevant
    employee) be set for any other Performance Period. At the time
    the Performance Goals are established (as provided in subsection
    6.2 below), the Committee shall prescribe a formula to be used
    to determine the percentages (which may be greater than
    one-hundred percent (100%)) of an Individual Target Bonus that
    may be earned or payable based upon the degree of attainment of
    the Performance Goals during the Performance Period.
    Notwithstanding anything else herein, the Committee may, in its
    sole discretion, elect to pay a Participant an amount that is
    less than the Participant’s Individual Target Bonus (or
    attained percentages thereof) regardless of the degree of
    attainment of the Performance Goals; provided that no such
    discretion to reduce a Performance Bonus earned based on
    achievement of the applicable Performance Goals shall be
    permitted for the Performance Period in which a Change of
    Control of the Company occurs, or during such Performance Period
    with regard to the prior Performance Period if the Bonuses for
    the prior Performance Period have not been made by the time of
    the Change of Control of the Company, with regard to individuals
    who were Participants at the time of the Change of Control of
    the Company.

 

		
	
    6.  
	
    PERFORMANCE
    BONUS PROGRAM

 

    6.1 PERFORMANCE BONUSES.  Subject to the
    satisfaction of any conditions on payment, each Participant
    shall be eligible to receive their Performance Bonus with
    respect to the applicable Performance Period (or, subject to the
    last sentence of Section 5, such lesser amount as
    determined by the Committee in its sole discretion) based upon
    the attainment of the Performance Goals established pursuant to
    subsection 6.2 and the formula established pursuant to
    Section 5. Unless otherwise provided in the Swisher Bonus
    Program, no Performance Bonus shall be made to a Participant for
    a Performance Period unless the applicable Performance Goals for
    such Performance Period are attained.

 

    6.2 OBJECTIVE PERFORMANCE GOALS, FORMULAE OR
    STANDARDS.  The Committee in its sole discretion
    shall establish the objective performance goals, formulae or
    standards and in the case of a “covered employee”, as
    defined in Code Section 162(m)(3), the Performance Bonus
    (if any) applicable to each Participant or class of Participants
    for a Performance Period in writing prior to the beginning of
    such Performance Period or at such later date as permitted under
    Code Section 162(m) and the Code Section 162(m)
    Exception and while the outcome of the Performance Goals are
    substantially uncertain. Such Performance Goals may incorporate,
    if and only to the extent permitted under Code
    Section 162(m), provisions for disregarding (or adjusting
    for) changes in accounting methods, corporate transactions
    (including, without limitation, dispositions and acquisitions)
    and similar type events or circumstances. To the extent any such
    provision would create impermissible discretion under the Code
    Section 162(m) Exception or otherwise violate the Code
    Section 162(m) Exception, such provision shall be of no
    force or effect. Performance Goals will be based on one or more
    of the following criteria, as determined by the Committee in its
    absolute and sole discretion: (i) the attainment of certain
    target levels of, or a specified increase in, the Company’s
    enterprise value or value creation targets; (ii) the
    attainment of certain target levels of, or a percentage increase
    in, the Company’s after-tax or pre-tax profits including,
    without limitation, that attributable to the Company’s
    continuing
    and/or other
    operations; (iii) the attainment of certain target levels
    of, or a specified increase relating to, the Company’s
    operational cash flow or working capital, or a component
    thereof; (iv) the attainment of certain target levels of,
    or a specified decrease relating to, the Company’s
    operational costs, or a component thereof (v) the
    attainment of a certain level of reduction of, or other
    specified objectives with regard to limiting the level of
    increase in all or a portion of bank debt or other of the
    Company’s long-term or short-term public or private debt or
    other similar financial obligations of the Company, which may be
    calculated net of cash balances
    and/or other
    offsets and adjustments as may be established by the Committee;
    (vi) the attainment of a specified percentage increase in
    earnings per share or earnings per share from the Company’s
    continuing operations; (vii) the attainment of certain
    target levels of, or a specified percentage increase in, the
    Company’s net sales, revenues, net income or earnings
    before income tax or other exclusions; (viii) the
    attainment of certain target levels of, or a specified increase
    in, the Company’s return on capital

    

    3

 

    employed or return on invested capital; (ix) the attainment
    of certain target levels of, or a percentage increase in, the
    Company’s after-tax or pre-tax return on shareholder
    equity; (x) the attainment of certain target levels in the
    fair market value of the Company’s common stock;
    (xi) the growth in the value of an investment in the
    Company’s common stock assuming the reinvestment of
    dividends; (xii) successful mergers, acquisitions of other
    companies or assets and any cost savings or synergies associated
    therewith
    and/or
    (xiii) the attainment of certain target levels of, or a
    specified increase in, EBITDA (earnings before income tax,
    depreciation and amortization).

 

    In addition, Performance Goals may be based upon the attainment
    by Subsidiary, division or other operational unit of the Company
    of specified levels of performance under one or more of the
    measures described above. Further, the Performance Goals may be
    based upon the attainment by the Company (or Subsidiary,
    division or other operational unit of the Company) of specified
    levels of performance under one or more of the foregoing
    measures relative to the performance of other corporations. To
    the extent permitted under Code Section 162(m) of the Code
    (including, without limitation, compliance with any requirements
    for stockholder approval), the Committee may (i) designate
    additional business criteria upon which the Performance Goals
    may be based; (ii) modify, amend or adjust the business
    criteria described herein or (iii) incorporate in the
    Performance Goals provisions regarding changes in accounting
    methods, corporate transactions (including, without limitation,
    dispositions or acquisitions) and similar events or
    circumstances. Performance Goals may include a threshold level
    of performance below which no Performance Bonus will be earned,
    levels of performance at which a Performance Bonus will become
    partially earned and a level at which a Performance Bonus will
    be fully earned.

 

    6.3 MAXIMUM PERFORMANCE BONUS.  The
    maximum amount of Performance Bonuses payable to a Participant
    during any one Plan Year is $1,500,000.

 

    6.4 PAYMENT DATE; COMMITTEE
    CERTIFICATION.  The Performance Bonuses may be
    paid at such time after the Performance Period in which they are
    earned, as determined by the Committee but not before the
    Committee certifies in writing that the Performance Goals
    specified pursuant to subsection 6.2 were, in fact, satisfied.
    The Committee may place such additional conditions on payment
    thereof as it shall determine. Notwithstanding anything in this
    Section 6.4 to the contrary, the payment of the Performance
    Bonus shall be made during the calendar year immediately
    following the calendar year in which the corresponding
    Performance Period ends.

 

    6.5 CLAWBACK.  Unless otherwise provided
    in the Swisher Bonus Program, if: a) the amount of the
    Performance Bonus was calculated based upon the achievement of
    certain financial results that were subsequently the subject of
    a restatement, and b) the amount of the Performance Bonus
    that would have been awarded to the Participant had the
    financial results been properly reported would have been lower
    than the amount actually awarded (such lower Performance Bonus
    shall be referred to herein as the “Restated Performance
    Bonus”), then the Board shall have the full and absolute
    discretion, to the full extent permitted by governing law,
    require reimbursement of any Performance Bonus under the Plan
    (including any bonus or incentive compensation that has been
    deferred) to the extent such Performance Bonus exceeds the
    Restated Performance Bonus.

 

    6.6 CONTINUOUS SERVICE
    REQUIREMENT.  Unless otherwise provided herein, in
    the Swisher Bonus Program or in any written agreement between
    the Company (or any Subsidiary) and the Participant, the
    Participant must continuously perform services for the Company
    or its Subsidiaries in the course of the Performance Period and
    until Performance Bonuses for the applicable Performance Period
    have been paid out pursuant to Section 6.4 hereof, in order
    to be eligible for a Performance Bonus with respect to such
    Performance Period. Unless otherwise provided by the Committee,
    temporary absence from employment or other service including for
    reasons such as illness, vacation, approved leaves of absence or
    military service shall not constitute a termination of
    employment or other service for purposes of the immediately
    preceding sentence. Unless otherwise provided by applicable law,
    if a Participant is temporary absent from employment or other
    service including for reasons such as illness, vacation,
    approved leaves of absence or military service for more than
    4 weeks during the Performance Period, the Performance
    Bonus for such Performance Period

    

    4

 

    the Participant would otherwise be eligible for shall be
    prorated based on the number of weeks the Participant performed
    services for the Company or any Subsidiary during the course of
    the Performance Period.

 

		
	
    7.  
	
    PARTIAL
    BONUSES

 

    Unless otherwise provided in the Swisher Bonus Program or in any
    written agreement between the Company (or any Subsidiary) and
    the Participant, the Participant shall be eligible for Pro Rata
    Bonus, for a Performance Period in the event of death,
    “disability” (within the meaning of Code
    Section 22(e)(3)) or termination of employment or other
    services within 12 months following the Change of Control
    (other than for Cause) which occur prior to the Performance
    Bonuses for the applicable Performance Period being paid out
    pursuant to Section 6.4 hereof. Unless otherwise provided
    in the Swisher Bonus Program, all such Pro Rata Bonuses shall be
    contingent on achievements of the Performance Goals for the
    applicable Performance Period.

 

		
	
    8.  
	
    NON-ASSIGNABILITY

 

    No Performance Bonus under this Plan or payment thereof nor any
    right or benefit under this Plan shall be subject to
    anticipation, alienation, sale, assignment, pledge, encumbrance,
    garnishment, execution or levy of any kind or charge, and any
    attempt to anticipate, alienate, sell, assign, pledge, encumber
    and to the extent permitted by applicable law, charge, garnish,
    execute upon or levy upon the same shall be void and shall not
    be recognized or given effect by the Company.

 

		
	
    9.  
	
    NO RIGHT
    TO EMPLOYMENT

 

    Nothing in the Plan or in any notice of bonus pursuant to the
    Plan shall confer upon any person the right to continue in the
    employment of the Company or one of its subsidiaries or
    affiliates nor affect the right of the Company or any of its
    subsidiaries or affiliates to terminate the employment of any
    Participant.

 

		
	
    10.  
	
    AMENDMENT
    OR TERMINATION

 

    While the Company hopes to continue the Plan indefinitely, it
    reserves the right in its Board (or a duly authorized committee
    thereof) to amend, suspend or terminate the Plan or any bonus
    thereunder, or to adopt a new plan in place of this Plan at any
    time; provided, that no such amendment shall, without the prior
    approval of the stockholders of the Company in accordance with
    the laws of the State of Delaware to the extent required under
    Code Section 162(m): (i) alter the Performance Goals
    as set forth in Section 6.2; (ii) increase the maximum
    amounts set forth in subsection 6.3; (iii) change the class
    of eligible employees set forth in Section 4(a); or
    (iv) implement any change to a provision of the Plan
    requiring stockholder approval in order for the Plan to continue
    to comply with the requirements of the Code Section 162(m)
    Exception. Furthermore, unless explicitly provided herein, no
    amendment, suspension or termination shall, without the consent
    of the Participant, alter or impair a Participant’s right
    to receive payment of a Performance Bonus for a Performance
    Period otherwise payable hereunder.

 

		
	
    11.  
	
    SEVERABILITY

 

    In the event that any one or more of the provisions contained in
    the Plan shall, for any reason, be held to be invalid, illegal
    or unenforceable, in any respect, such invalidity, illegality or
    unenforceability shall not affect any other provision of the
    Plan and the Plan shall be construed as if such invalid, illegal
    or unenforceable provisions had never been contained therein.

 

		
	
    12.  
	
    WITHHOLDING

 

    The Company shall have the right to make such provisions as it
    deems necessary or appropriate to satisfy any obligations it may
    have to withhold federal, state or local income or other taxes
    incurred by reason of payments pursuant to the Plan.

    

    5

 

		
	
    13.  
	
    GOVERNING
    LAW

 

    This Plan and any amendments thereto shall be construed,
    administered, and governed in all respects in accordance with
    the laws of the State of Delaware (regardless of the law that
    might otherwise govern under applicable principles of conflict
    of laws).

 

		
	
    14.  
	
    IRS CODE
    SECTION 409A.

 

    14.1 GENERAL.  It is the intention of both
    the Company and the Participant that the benefits and rights to
    which the Participant is entitled pursuant to this Plan are
    exempt from or comply with Section 409A of the Code, and
    the regulations issued thereunder (collectively “Code
    Section 409A”) to the extent that the requirements of
    Code Section 409A are applicable thereto, and the
    provisions of this Plan shall be construed in a manner
    consistent with that intention. If the Participant or the
    Company believes, at any time, that any such benefit or right
    that is subject to Code Section 409A does not so comply, it
    shall promptly advise the other and shall negotiate reasonably
    and in good faith to amend the terms of such benefits and rights
    such that they comply with Code Section 409A (with the most
    limited possible economic effect on the Participant and on the
    Company).

 

    14.2 DISTRIBUTIONS ON ACCOUNT OF SEPARATION FROM
    SERVICE.  To the extent required to comply with
    Code Section 409A, any payment or benefit required to be
    paid under this Plan on account of termination of the
    Participant’s employment, service (or any other similar
    term) shall be made only in connection with a “separation
    from service” with respect to the Participant within the
    meaning of Code Section 409A.

 

    14.3 NO ACCELERATION OF PAYMENTS.  Neither
    the Company nor the Participant, individually or in combination,
    may accelerate any payment or benefit that is subject to Code
    Section 409A, except in compliance with Code
    Section 409A and the provisions of this Plan, and no amount
    that is subject to Code Section 409A shall be paid prior to
    the earliest date on which it may be paid without violating Code
    Section 409A.

 

    14.4 SIX MONTH DELAY FOR SPECIFIED
    EMPLOYEES.  In the event that the Participant is a
    “specified employee” (as described in Code
    Section 409A), and any payment or benefit payable pursuant
    to this Plan constitutes deferred compensation under Code
    Section 409A, then the Company and the Participant shall
    cooperate in good faith to undertake any actions that would
    cause such payment or benefit not to constitute deferred
    compensation under Code Section 409A. In the event that,
    following such efforts, the Company determines (after
    consultation with its counsel) that such payment or benefit is
    still subject to the six-month delay requirement described in
    Code Section 409A(2)(b) in order for such payment or
    benefit to comply with the requirements of Code
    Section 409A, then no such payment or benefit shall be made
    before the date that is six months after the Participant’s
    “separation from service” (as described in Code
    Section 409A) (or, if earlier, the date of the
    Participant’s death). Any payment or benefit delayed by
    reason of the prior sentence shall be paid out or provided in a
    single lump sum at the end of such required delay period in
    order to catch up to the original payment schedule.

    

    6

 

    EXHIBIT A

 

    Change of Control of the Company shall mean that one of the
    following has occurred:

 

    (i) any “person” as such term is used in
    Sections 13(d) and 14(d) of the Securities Exchange Act of
    1934 (the “Exchange Act”) (other than the Company, any
    trustee or other fiduciary holding securities under any employee
    benefit plan of the Company, or any company owned, directly or
    indirectly, by the stockholders of the Company in substantially
    the same proportions as their ownership of common stock of the
    Company), is or becomes the “beneficial owner” (as
    defined in
    Rule 13d-3
    under the Exchange Act), directly or indirectly, of securities
    of the Company representing twenty-five percent (25%) or more of
    the combined voting power of the Company’s then outstanding
    securities;

 

    (ii) during any period of two (2) consecutive years
    individuals who at the beginning of such period constitute the
    Board, and any new director (other than a director designated by
    a person who has entered into an agreement with the Company to
    effect a transaction described in paragraph (i), (iii), or
    (iv) of this section) whose election by the Board or
    nomination for election by the Company’s stockholders was
    approved by a vote of at least two-thirds of the directors then
    still in office who either were directors at the beginning of
    the two-year period or whose election or nomination for election
    was previously so approved, cease for any reason to constitute
    at least a majority of the Board;

 

    (iii) a merger or consolidation of the Company with any
    other corporation, other than a merger or consolidation which
    would result in the voting securities of the Company outstanding
    immediately prior thereto continuing to represent (either by
    remaining outstanding or by being converted into voting
    securities of the surviving entity) more than fifty percent
    (50%) of the combined voting power of the voting securities of
    the Company or such surviving entity outstanding immediately
    after such merger or consolidation; provided, however, that a
    merger or consolidation effected to implement a recapitalization
    of the Company (or similar transaction) in which no person
    acquires more than twenty-five percent (25%) of the combined
    voting power of the Company’s then outstanding securities
    shall not constitute a Change of Control of the Company; or

 

    (iv) the stockholders of the Company approve a plan of
    complete liquidation of the Company or the consummation of the
    sale or disposition by the Company of all or substantially all
    of the Company’s assets other than (x) the sale or
    disposition of all or substantially all of the assets of the
    Company to a person or persons who beneficially own, directly or
    indirectly, at least fifty percent (50%) or more of the combined
    voting power of the outstanding voting securities of the Company
    at the time of the sale or (y) pursuant to a spinoff type
    transaction, directly or indirectly, of such assets to the
    stockholders of the Company.

    

    7exv10w3

Exhibit 10.3

EMPLOYMENT AND NON-COMPETE AGREEMENT

     This EMPLOYMENT AND NON-COMPETE AGREEMENT (“Agreement”) is entered into as of May 10, 2011
(the “Effective Date”) by and between SWISHER HYGIENE
INC., a DELAWARE corporation
(the“Company”), and Michael Kipp, an individual resident of
the State of Vermont (the “Employee”).

     WHEREAS, the Employee has been providing consulting services for the Company;

     WHEREAS,
the Company desires to hire Employee as Senior Vice President, Chief Financial
Officer and accordingly the Employee desires to accept employment;

     WHEREAS, in his position of
confidence and trust, Employee will have substantial contact with and gain significant knowledge of
the Company’s trade secrets and confidential and proprietary information; and

     WHEREAS, the Company wishes to protect its confidential and trade secret information,
intellectual property and other legitimate business interests;

     Now, therefore, in consideration of Employee’s employment with the Company, Employee’s receipt
of Company’s confidential and trade secret information, the promises and mutual covenants
hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:

     1. Employment; Term; Compensation.

          (a) Employment.
The Company agrees to hire Employee as Senior Vice President, Chief
Financial Officer, and the Employee agrees to accept employment, subject to the terms and
conditions of this Agreement.

          (b) Term.
The period during which the Employee shall serve as Senior Vice
President, Chief Financial Officer of the Company shall commence on the Effective Date and, unless
earlier terminated pursuant to this Agreement, shall expire
twenty-four months from the anniversary
of the Effective Date (the “Term”).

          (c) Duties and Responsibilities. During the Term, the Employee shall have such
authority and responsibility and perform such duties as may be assigned to the Employee from time
to time at the direction of the CEO or his designee (the “CEO “) and in the absence of such
assignment, such duties customary to Employee’s position as are necessary to the business and
operations of the Company. During the Term, the Employee’s employment shall be full time and the
Employee shall perform Employee’s duties honestly, diligently, competently, in good faith and in
the best interests of the Company and shall use Employee’s best efforts to promote the interests of
the Company.

          (d) Compensation. In consideration of the Employee’s services hereunder and strict
compliance with the restrictive covenants and other obligations imposed on the Employee in this
Agreement, the Employee shall be paid an annual base salary of $220,000.00 (the “Salary”), less
applicable deductions and withholdings, payable in equal installments and in accordance with the
Company’s customary payroll practices, which Salary may be reviewed and adjusted annually by the
Chief Executive Officer or the Compensation Committee of the Board of Directors of the Company,
whichever is appropriate

          (e) Discretionary Incentive Bonus. During the Term, Employee shall be eligible to
receive a bonus (“Bonus”) in accordance with the terms and conditions set forth in the Swisher
Hygiene Inc. Senior Executive Officers Performance Incentive Plan which is incorporated as Schedule
A of this Agreement, as the same may be modified by the Company from time to time (the “Bonus
Plan”).

          (f) Stock Incentive Plan. During the Term, Employee shall be eligible to participate
in the Company’s Stock Incentive Plan at the time of entering into this Agreement and shall be
entitled to
periodic grants consistent with the Company’s policies generally applicable to its employees
of comparable rank and status as the Employee, in each case subject to and in accordance with the
terms and conditions of such plans and policies as in effect from time to time.

 

 

          (g) Other Compensation Plans. During the Term, Employee shall be eligible to
participate in other compensation and benefit plans that the Company may offer and his
participation therein shall be consistent with the Company’s policies generally applicable to its
employees of comparable rank and status as the Employee, in each case subject to and in accordance
with the terms and conditions of such plans and policies as in effect from time to time.

          (h) Benefits. During the Term, Employee shall be eligible to participate in the
Company’s health insurance plans at the time of entering into this Agreement and in the Company’s
401k plan, and shall be entitled to vacation days consistent with the Company’s vacation policies
generally applicable to its employees of comparable rank and status as the Employee, in each case
subject to and in accordance with the terms and conditions of such plans and policies as in effect
from time to time.

          (i) No Other Compensation or Benefits; Payment. The compensation and benefits
specified in this Section 1 of this Agreement shall be in lieu of any and all other compensation
and benefits. Payment of all compensation and benefits to Employee hereunder shall be made in
accordance with the relevant Company policies in effect from time to time, including normal payroll
practices, and shall be subject to all applicable employment and withholding taxes.

     2. Termination.

          (a) Death, Disability and Cause. At any time during the Term, the Company shall have
the right to terminate the Term and to discharge the Employee for Cause (as herein defined)
effective upon delivery of written notice to the Employee. Upon any such termination by the
Company for Cause, the Employee or the Employee’s legal representatives shall be entitled to: (i)
that portion of the unpaid Salary prorated through the date of termination, and the Company shall
have no further obligations hereunder from and after the date of such termination. In particular,
but without limitation of the foregoing, upon any termination by the Company of Employee’s
employment for Cause, the Company shall have no obligation to pay Employee any unpaid Bonus that
has not become due or payable at the time of the Company’s termination of Employee’s employment and
shall have no further obligation to provide Employee with any of the Benefits described in Section
1(f) except as required by law or any applicable plan. Termination for “Cause” shall mean
termination because of (i) the Employee’s breach of any of the Employee’s covenants contained in
this Agreement or breach of any representation or warranty in this Agreement, (ii) the Employee’s
failure or refusal to perform any of the duties or responsibilities required to be performed by the
Employee , (iii) the Employee’s gross negligence or willful misconduct in the performance of the
Employee’s duties hereunder, (iv) the Employee’s commission of an act of dishonesty affecting the
Company or the commission of an act constituting common law fraud or a felony, (v) the Employee’s
commission of an act (other than the good faith exercise of the Employee’s business judgment in the
exercise of the Employee’s responsibilities) resulting in any damages to the Company, (vi) the
Employee’s death or (vii) the Employee’s inability to perform any of the Employee’s duties or
responsibilities as provided in this Agreement due to the Employee’s physical or mental disability
or illness extending for, or reasonably expected to extend for, greater than sixty (60) days (as
determined in good faith by the CEO). If the Employee shall resign or otherwise terminate the
Employee’s employment with the Company (other than for
“Good Reason” as set forth under Section 2(d)), either expressly or by abandonment, the Employee shall be
deemed for purposes of this Agreement to have been terminated for Cause. The determination of
whether Cause exists shall be made by the CEO or its designee, in its sole discretion, and such
determination shall be final, absolute and binding on the Employee.

2

 

          (b) Without Cause. At any time during the Term, the Company shall have the right to
terminate the Term and to discharge the Employee without Cause effective upon delivery of written
notice to the Employee. If Employee is terminated by the Company during the Term without Cause,
the
Employee shall be entitled to receive (i) continued payment of the Employee’s Salary (less
applicable taxes and withholdings required by law) for a period of twelve (12) months following the
date of termination or through the end of the Term, whichever is greater, payable when and as the
same would have been due and payable under the terms of this Agreement but for such termination;
provided, however, if Employee is a full-time resident of Mecklenburg County North Carolina, or any
county bordering Mecklenburg County, North Carolina, on the date of termination of employment,
Employee will be entitled to continued payment of his Salary (less applicable taxes and
withholdings required by law) for a period of fifteen (15) months following the date of termination
of employment or through the end of the Term, whichever is greater payable when and as the same
would have been due and payable under the terms of this Agreement but for such terminationand (ii)
any then unpaid Bonus then due and payable to Employee pursuant to the terms of the Bonus Plan, if
any (and otherwise the Company shall have no further obligations hereunder from and after the date
of such termination). The parties agree that the Employee shall only be entitled to the payments
under this paragraph as long as the Employee is, and following termination of his employment
remains, in strict compliance with the provisions of Sections 3, 4, 5 and 7 of this Agreement.
Employee acknowledges that if he is terminated without Cause, he will not be entitled to payment of
any other benefits by Company after the date of termination.

          (c) Employee may terminate employment upon written notice of termination and will be paid the
regular salary to the date of termination, plus any accrued and unused vacation, but will not be
entitled to any portion of any unpaid Bonus that has not become due or payable at the time of the
termination, although the Company may, in its sole discretion, elect to make such payment in the
form of a severance payment.

          (d) Termination by Employee for Good Reason. The Employee may terminate this Agreement and
his employment for Good Reason, as defined herein; upon written notice to the Chief Executive
Officer of the Company setting forth in reasonable detail the facts and circumstances upon which
the Employee shall have determined that Good Reason exists. For purposes herein, “Good Reason”
shall mean the occurrence of a Change in Control (as defined below) and Employee is not appointed
to a position with acquirer of comparable title and duties, unless the Employee rejects the offer
of the position. For purposes hereof, “Change in Control” shall be deemed to have occurred upon the
occurrence of any of the following events:

     (i) the sale of all or substantially all of the Company’s assets to a single
unaffiliated purchaser or group of associated unaffiliated purchasers; or

     (ii) the sale, exchange or other disposition, in one transaction or series of related
transactions, of a majority of the Company’s outstanding voting capital stock to an
unaffiliated company; or

     (iii) the Company’s decision to terminate its business and liquidate its assets; or

     (iv) the merger or consolidation of the Company with an unaffiliated company as a
result of which the owners of the Company’s outstanding voting capital stock prior to such
transaction cease to own a majority of the outstanding voting capital stock of the surviving
company immediately after the consummation of such transaction;

3

 

provided, however, that for a termination of employment by the Employee to be for Good Reason, the
Employee must notify the Company in writing of the event giving rise to Good Reason within sixty
(60) days following the occurrence of the event (or if later the Employee’s knowledge of occurrence
of the event), the event must remain uncured after the expiration of thirty (30) days following the
delivery of written notice of such event to the Company by the Employee, and the Employee must
resign effective no later than thirty (30) days following the Company’s failure to cure the event.
In the event that the
Employee’s employment is terminated by the Employee for Good Reason, the Employee shall be entitled
to receive the greater of: (i) the full amount of his compensation through the end of
the Term or (ii) the full amount of his compensation for a period of eighteen (18)
months, plus accrued and unused vacation.

     3. Restrictive Covenants.

          (a) In consideration of the foregoing, the Employee agrees that during the Term and for a
period of two (2) years following termination of the Term for any or no reason, whether any such
termination is voluntary or involuntary, the Employee shall not directly or indirectly, on his/her
own behalf or on behalf of others:

     (i) alone or as a partner, joint venturer, officer, director, employee, consultant,
agent, independent contractor, or security holder of any company, entity or business, in the
same or similar capacity to that which s/he occupied while in the Company’s employ, compete
with the Company by engaging in, or financing, or providing financial assistance with
respect to, or otherwise participating or being involved in any business activity that is
the same as or similar to, or that is otherwise directly or indirectly in competition with,
the Protected Business (as herein defined) conducted by the Company or any of the other
Employer Companies (as herein defined) anywhere in the Restricted Territory (as herein
defined); provided, however, that the beneficial ownership of less than two percent (2%) of
any class of securities of any entity having a class of equity securities actively traded on
a national securities exchange or over-the-counter market shall not be deemed, in and of
itself, to violate the prohibitions of this Section;

     (ii) (A) induce, encourage, or attempt to influence any Customer, franchisee or
licensee of the Company or any of the other Employer Companies to purchase products or
services which are the same or substantially similar to those offered by the Company to the
Customer, franchisee, or licensee from any business that is directly or indirectly in
competition with the Protected Business conducted by the Company or any of the other
Employer Companies; (B) canvass, solicit or accept from any person or entity which is a
Customer, franchisee or licensee of the Protected Business conducted by the Company or any
of the other Employer Companies, any such competitive business anywhere in the Restricted
Territory; or (C) request or advise any Customer, supplier, franchisee or licensee of the
Protected Business conducted by the Company or any of the other Employer Companies to
withdraw, curtail or cancel any such Customer’s, franchisee’s or licensee’s business with
the Company or any of the Employer Companies; and/or

     (iii) employ or engage any person or entity who is then employed or engaged by the
Company or any of the other Employer Companies, or in any manner seek to induce any employee
or independent contractor of the Company or any of the other Employer Companies to leave
its, his or her employment or engagement.

          (b) “Protected Business” Defined. As used in this Agreement, the term “Protected
Business” means the business of owning, operating, franchising or licensing any business that
provides any or all of the following to restaurants, retail stores and/or other types of commercial
establishments: (i) cleaning or sanitizing solutions, (ii) paper products typically used in
restrooms/kitchens and/or related services, (iii) chemical and laundry solutions and/or products,
and/or (iv) any other business then being conducted by the Company and in which Employee was
substantially involved or about which he obtained confidential information by virtue of his
employment.

4

 

          (c) “Customer” Defined. As used in this Agreement, the term “Customer” means those
individuals or entities who were customers of Company at the time of Employee’s termination or at
any time during the one (1) year period prior to Employee’s termination and: (i) with whom Employee
(or Employee’s direct reports) had contact or (ii) to whom Employee (or Employee’s direct reports)
provided services on the Company’s behalf during the one year period prior to Employee’s
termination, or (iii) about whom Employee obtained confidential information by virtue of his/her
employment with the Company; provided, however, any customer who terminated their relationship with
the Company during this one (1) year period for reasons not related to Employee will not be
considered a customer of the Company.

          (d) “Employer Companies” Defined. As used in this Agreement, the term “Employer
Companies” means the Company or its parent companies, wholly owned subsidiaries, franchisees, and
any other company in which Company owns a controlling interest.

          (e) “Restricted Territory” Defined. As used in this Agreement, the term “Restricted
Territory” means:

     (i) anywhere in the world (without limiting the foregoing, this includes any and all
countries, markets or geographical areas anywhere in the world where the Company or any of
the other Employer Companies conducts or may conduct the Protected Business, or in which any
of their products or services are offered, marketed, distributed or sold, or into which area
the Company or any of the Employer Companies is seeking or is expected to expand at the time
Employee commences to engage in the prohibited activity).

     (ii) anywhere in the United States;

     (iii) Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,
Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,
Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana,
Nebraska, Nevada, New Hampshire, North Carolina, New York, New Jersey, New Mexico, North
Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota,
Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

     (iv) any city of the United States where the Employee conducted business on behalf of
the Company or any of the other Employer Companies;

     (v) within a radius of fifty (50) miles of any franchisee of the Company; or

     (vi) any city where any franchisee of the Company is located.

          (f) Acknowledgement. The Employee acknowledges and agrees that during employment with
the Company, Employee has gained, and/or will gain, the trust of the Company’s customers, accounts
and prospects; that the Employee has gained and will continue to have access to the Company’s
confidential, proprietary and trade secret information; that the Company’s competitors would obtain
an unfair advantage if Employee were able to exploit the relationships s/he developed as an
employee of the Company to solicit business on behalf of a competitor; that the Company has spent,
or will spend considerable time and resources on Employee during Employee’s employment; and that
the Company has a legitimate need to protect itself against unfair competition. Each party hereto
further acknowledges that (i) the Protected Business is international and worldwide in scope; (ii)
the products and services related to the Protected Business are marketed throughout the world;
(iii) the provisions of this Agreement are reasonable and necessary to protect and preserve the
interests of the Company and the other Employer Companies and their right to operate the Protected
Business; and (iv) the Company and the other Employer Companies would be irreparably damaged if
Employee were to breach any of the covenants set forth in Section 3 of this Agreement.

5

 

     4. Confidentiality and Work Product.

          (a) Confidentiality. The Employee agrees that at all times during and after the Term,
the Employee shall (i) hold in confidence and refrain from disclosing to any other party all
information, whether written or oral, tangible or intangible, of a private, secret, proprietary or
confidential nature, of or concerning any of the Employer Companies and their respective businesses
and operations, and all files, letters, memoranda, reports, records, computer disks or other
computer storage medium, data, models or any photographic or other tangible materials containing
such information (collectively hereinafter referred to as “Confidential Information”), including
without limitation, any sales, promotional or marketing plans, programs, techniques, practices or
strategies, pricing information, any expansion plans (including existing and entry into new
geographic and/or product markets), and any customer lists, supplier lists or lists of prospective
franchisees or licensees, (ii) use the Confidential Information solely in connection with the
Employee’s employment with the Employer Companies and for no other purpose, (iii) take all
precautions necessary to ensure that the Confidential Information shall not be, or be permitted to
be, shown, copied or disclosed to any third parties, without the prior written consent of the
Company, and (iv) observe all security policies implemented by the Company from time to time with
respect to the Confidential Information. In the event that the Employee is ordered by a court of
competent jurisdiction, or other tribunal, to disclose any Confidential Information, whether in a
legal or regulatory proceeding or otherwise, the Employee shall provide the Company with prompt
notice of such request or order so that the Company may seek to prevent disclosure. In the case of
any disclosure, the Employee shall disclose only that portion of the Confidential Information that
the Employee is ordered to disclose.

          (b) Work Product. The Employee shall disclose promptly to the Company any and all
significant conceptions and ideas for inventions, improvements and valuable discoveries, whether
patentable or not, that are conceived or made by the Employee, solely or jointly with another,
during the Term and that are directly related to the business or activities of the Company and that
the Employee conceives as a result of the Employee’s employment by the Company. The Employee
hereby assigns and agrees to assign all the Employee’s interests therein to the Company or its
nominee. The Employee agrees that all such materials that the Employee develops or conceives
and/or documents during the Term shall be deemed works made-for-hire for the Company within the
meaning of the copyright laws of the United States or any similar or analogous law or statute of
any other jurisdiction and, accordingly, the Company shall be the sole and exclusive owner for all
purposes for the distribution, exhibition, advertising and exploitation of such materials or any
part of them in all media and by all means now known or that may hereafter be devised, throughout
the universe in perpetuity. The Employee agrees that in furtherance of the foregoing, the Employee
shall disclose, deliver and assign to the Company all such conceptions, ideas, improvements and
discoveries, and shall execute all such documents, including patent and copyright applications, as
the Company reasonably shall deem necessary to further document the Company’s ownership rights
therein and to provide the Company the full and complete benefit thereof. In the event the Company
is unable, after reasonable effort, to secure the Employee’s signature on any letters, patent,
copyright, or other analogous protection relating to an invention, whether because of the
Employee’s physical or mental incapacity or for any other reason whatsoever, the Employee hereby
irrevocably designates and appoints the Company and its duly authorized officers and agents as the
Employee’s agent and attorney-in-fact, to act for and in the Employee’s behalf and stead to execute
and file any such application or applications and to do all other lawfully permitted acts to
further the prosecution and issuance of letters patent, copyright or other analogous protection
thereon with the same legal force and effect as if executed by the Employee. Should any arbitrator
or court of competent jurisdiction ever hold that the materials derived from the Employee’s
contributions to the Company do not constitute works made-for-hire, the Employee hereby irrevocably
assigns to the Company, and agrees that the Company shall be the sole and exclusive owner of, all
right, title and interest in and to all such materials, including the copyrights and any other
proprietary rights arising therefrom. The Employee reserves no rights with respect to any such
materials, and hereby acknowledges the adequacy and sufficiency of the compensation paid and to be
paid by the Company to the Employee for the materials and the contributions the Employee will make
to the development of any such information or materials. The Employee agrees to cooperate with all
lawful efforts of the Company to protect the Company’s rights
in and to any or all of such information and materials and will at the request of the Company
execute any and all instruments or documents necessary or desirable in order to register,
establish, acquire, prosecute, maintain, perfect or defend the Company’s rights in and to such
information materials. The terms of this paragraph do not apply to any invention for which both
(i) no equipment, supplies, facility or trade secret information of the Company was used
and (ii) which was developed entirely on Employee’s own time, unless the invention relates
in any way, directly or indirectly, to the business of the Company or to the Company’s actual or
demonstrably anticipated research or development, or results from any work performed by Employee
for the Company.

6

 

          (c) Return of Property and Information. The Employee agrees that upon the termination
of this Agreement, the Employee shall transfer and return to the Company all things belonging to
the Company, including, without limitation, any and all cellular telephones, computers, monitors,
modems, keyboards, pagers, facsimile machines, corporate files, documents, records, notebooks,
disk, diskettes or other software media, and similar repositories of or containing trade secrets
and other Confidential Information of or about the Company or its customers, including without
limitation, copies thereof then in the Employee’s possession, whether prepared by the Employee or
others.

     5. No Prior Agreement. The Employee hereby represents and warrants to the Company
that the execution of this Agreement by the Employee and the Employee’s employment by the Company
and the performance of the Employee’s duties hereunder will not violate or cause a breach of any
agreement with a former employer, client or any other person or entity. Further, the Employee
agrees to indemnify the Company for all losses, liabilities, claims, costs or damages incurred by
the Company, including, but not limited to, attorney’s fees, costs and expenses of investigation,
arising or resulting from any claim by any third party based upon or arising out of any
non-competition agreement, invention or secrecy agreement between the Employee and such third party
that was in existence as of the Effective Date.

     6. Cooperation. The Employee agrees to cooperate to the full extent possible with the
Company, without further compensation, through the Term, and for a reasonable period subsequent to
the termination of the Term in connection with any legal matters involving potential or actual
litigation relating to events that occurred during the Term and with the completion and transfer of
the Employee’s work assignments and any necessary follow-up thereto.

     7. Non-disparagement. The Company and the Employee mutually agree and promise not to
undertake any disparaging conduct directed at the other parties to this agreement or any of its
members, managers, officers, employees, customers or affiliates, and to refrain from making any
negative, disparaging, ridiculing or derogatory statements concerning the Company or the Employee
or any of its members, managers, officers, employees, customers or affiliates, or the Company’s
business.

     8. Acknowledgments of the Parties. The parties agree and acknowledge that the
restrictions contained in Sections 3 and 4 are reasonable in scope and duration and are necessary
to protect the Employer Companies. If any provision of Section 3 or 4 as applied to any party or
to any circumstance is adjudged by a court to be invalid or unenforceable, the same shall in no way
affect any other circumstance or the validity or enforceability of any other provision of this
Agreement. If any such provision, or any part thereof, is held to be unenforceable because of the
duration of such provision or the area covered thereby, the parties agree that the court making
such determination shall have the power to reduce the duration and/or area of such provision,
and/or to delete specific words or phrases, to the minimum extent necessary to make it enforceable,
and in its reduced form, such provision shall then be enforceable and shall be enforced. The
Employee agrees and acknowledges that the breach of Section 3 or 4 will cause irreparable injury to
the Employer Companies and upon breach of any provision of such Sections, the Employer Companies
shall be entitled to injunctive relief, specific performance or other equitable relief; provided,
however, that this shall in no way limit any other remedies that any of the Employer Companies may
have (including, without limitation, the right to seek monetary damages). Employer or any of the
Employer Companies may assign, without limitation, the restrictive covenants set forth in Section 3
and Section 4 hereof to any successor or assignee to its business, and any such
successor or assignee may enforce any of the foregoing restrictive covenants. Notwithstanding
anything to the contrary in this Agreement, each of the Employer Companies not a signatory to this
Agreement is an intended third-party beneficiary of the provisions of Section 3 and Section 4
hereof and is entitled to enforce any such provisions.

7

 

     9. Notices. All notices, requests, demands, claims and other communications hereunder
shall be in writing and shall be deemed given if delivered by certified or registered mail (first
class postage pre-paid), guaranteed overnight delivery or facsimile transmission if such
transmission is confirmed by delivery by certified or registered mail (first class postage
pre-paid) or guaranteed overnight delivery to the following addresses and telecopy numbers (or to
such other addresses or telecopy numbers which such party shall designate in writing to the other
parties): (a) if to the Company, to 4725 Piedmont Row Drive, Suite 400, Charlotte, NC, 28210,
Attention: CEO, and (b) if to the Employee, to the address listed on the signature page hereto or
the most recent address on file.

     10. Amendment; Waiver. This Agreement may not be modified, amended, supplemented,
canceled or discharged, except by written instrument executed by all parties hereto. No failure to
exercise and no delay in exercising, any right, power or privilege under this Agreement shall not
operate as a waiver, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude the exercise of any other right, power or privilege. No waiver of any breach of
any provision shall be deemed to be a waiver of any preceding or succeeding breach of the same or
any other provision, nor shall any waiver be implied from any course of dealing between the
parties. No extension of time for performance of any obligations or other acts hereunder or under
any other agreement shall be deemed to be an extension of the time for performance of any other
obligations or any other acts. The rights and remedies of the parties under this Agreement are in
addition to all other rights and remedies, at law or equity, that they may have against each other.

     11. Assignment. This Agreement, and the Employee’s rights and obligations hereunder,
may not be assigned or delegated by the Employee. The Company may assign its rights, and delegate
its obligations, hereunder to any affiliate of the Company or to any successor to the Company’s
business. The rights and obligations of the Company under this Agreement shall inure to the
benefit of and be binding upon their respective successors and assigns, and shall be enforceable by
such successors and assigns.

     12. Severability; Survival. In the event that any provision of this Agreement is
found to be void and unenforceable by a court of competent jurisdiction, then such unenforceable
provision shall be deemed modified to the minimum extent possible so as to be enforceable (or if
not subject to modification, then eliminated herefrom) for the purpose of those procedures to the
extent necessary to permit the remaining provisions to be enforced. The provisions of Sections 3
through 15 of this Agreement shall survive the termination for any reason of the Employee’s
relationship with the Company. The provisions of Sections 3 and 4 are separate and independent
obligations of Employee and are not subject to any counterclaim, set-off or defense based on any
other dispute or obligations between the parties.

     13. Counterparts. This Agreement may be signed in any number of counterparts, each of
which shall be an original but all of which together shall constitute one and the same instrument.

     14. No Assumption Against Drafter. The parties agree that the language used in this
Agreement is not to be construed in favor of or against any party solely because such party or
their counsel may have drafted the Agreement.

     15. Governing Law; Waiver of Jury Trial. This Agreement shall be construed in
accordance with and governed for all purposes by the laws of the State of North Carolina applicable
to contracts executed and to be wholly performed within such State, except that no doctrine of
choice of law shall be used to apply any law other than that of the State of North Carolina. IN
THE EVENT OF ANY
LITIGATION WITH RESPECT TO ANY MATTER CONNECTED WITH THIS AGREEMENT, ALL OF THE PARTIES HERETO
WAIVE ALL RIGHTS TO A TRIAL BY JURY. The parties hereto do hereby consent and submit to the venue
and jurisdiction of the State or Federal Courts sitting in the county of the Company’s principal
place of business as the sole and exclusive forum for such matters of dispute. The parties hereto
hereby waive, to the full extent that each may effectively do so, all objections that such party
may now or may hereafter acquire to, or any right or immunity on the grounds of, venue or the
inconvenience of the forum of jurisdiction of such State or Federal court.

8

 

     16. Entire Agreement; No Third Party Beneficiaries. This Agreement (including the
exhibits and schedules attached hereto, if any) contains the entire understanding of the parties
hereto in respect of its subject matter and supersedes all prior (oral or written) agreements,
understandings, representations and warranties between or among the parties with respect to such
subject matter, including, without limitation, Employee’s prior employment agreement with the
Company which this Agreement replaces in its entirety. The exhibits and schedules attached hereto,
if any, constitute a part hereof as though set forth in full above. This Agreement is not intended
to confer upon any person or entity, other than the parties hereto and the Employer Companies as
provided above, any rights or remedies hereunder. Each party hereto agrees that, except for the
statements, representations and warranties contained in this Agreement and any exhibit, schedule or
document attached hereto, neither the Company nor Employee makes any other statements,
representations or warranties (whether in writing or otherwise) that the other is entitled to rely
upon, and each hereby disclaims any other statements, representations or warranties (whether in
writing or otherwise) made by each party or, as applicable, any of the officers, directors,
members, managers, employees, agents, financial and legal advisors or other representatives of such
party with respect to the preparation, execution and delivery of this Agreement and any exhibit,
schedule or document attached hereto, or the transactions contemplated hereby, notwithstanding the
delivery or disclosure to the other or the other’s representatives of any documentation or other
information (whether oral or written) with respect to any one or more of the foregoing.

[SIGNATURES ON FOLLOWING PAGE]

9

 

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

	 	 	 	 	 
	 	SWISHER HYGIENE INC.,

 	 
	 	By:  	/s/ 	Steven Berrard
 	 
	 	Name:  	 	Steven Berrard 	 
	 	Title:  	 	Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	EMPLOYEE:

 	 
	 	/s/         Michael Kipp
 	 
	 	Name:  	Michael Kipp 	 
	 	Title:  	Chief Financial Officer

Address for Notices:

171 Whitewater Circle

Williston, VT 05495 	 

10

 

EXHIBIT A

A
copy of the Swisher Hygiene Inc. Senior Executive Officers Performance

Incentive Plan is attached as an exhibit to this report and is incorporated herein by reference.

11

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