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                                                                   Exhibit 10.24

                         THE 2004 RAYOVAC INCENTIVE PLAN

SECTION 1. PURPOSE; DEFINITIONS.

     The purpose of the Plan is to support the Company's ongoing efforts to
attract and retain leaders of exceptional talent and to provide the Company with
the ability to provide incentives directly linked to the profitability of the
Company's businesses and to increases in shareholder value.

     For purposes of the Plan, the following terms are defined as set forth
below:

     a.     "Annual Incentive Award" means an Incentive Award made pursuant to
Section 5(a)(v) with a Performance Cycle of one year or less.

     b.     "Awards" mean grants under this Plan of Incentive Awards, Stock
Options, Stock Appreciation Rights, Restricted Stock or Other Stock-Based
Awards.

     c.     "Board" means the Board of Directors of the Company.

     d.     "Code" means the Internal Revenue Code of 1986, as amended from time
to time, and any successor thereto.

     e.     "Commission" means the Securities and Exchange Commission or any
successor agency.

     f.     "Committee" means the Compensation Committee of the Board or a
subcommittee thereof, any successor thereto or such other committee or
subcommittee as may be designated by the Board to administer the Plan.

     g.     "Common Stock" or "Stock" means the Common Stock of the Company.

     h.     "Company" means Rayovac Corporation, a corporation organized under
the laws of the State of Wisconsin, or any successor thereto.

     i.     "Economic Value Added" means net after-tax operating profit less the
cost of capital.

     j.     "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time, and any successor thereto.

     k.     "Exercise Period" means the 60-day period from and after a Change in
Control.

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     l.     "Fair Market Value" means, as of any given date, the mean between
the highest and lowest reported sales prices of the Common Stock on the New York
Stock Exchange--Composite Transactions or, if no such sale of Common Stock is
reported on such date, the fair market value of the Stock as determined by the
Committee in good faith; provided, however, that the Committee may in its
discretion designate the actual sales price as Fair Market Value in the case of
dispositions of Common Stock under the Plan.

     m.     "Incentive Award" means any Award that is either an Annual Incentive
Award or a Long-Term Incentive Award.

     n.     "Incentive Stock Option" means any Stock Option that complies with
Section 422 (or any amended or successor provision) of the Code.

     o.     "Long-Term Incentive Award" means an Incentive Award made pursuant
to Section 5(a)(v) with a Performance Cycle of more than one year.

     p.     "Nonqualified Stock Option" means any Stock Option that is not an
Incentive Stock Option.

     q.     "Other Stock-Based Award" means an Award made pursuant to Section
5(a)(iv).

     r.     "Performance Cycle" means the period selected by the Committee
during which the performance of the Company or any subsidiary, affiliate or unit
thereof or any individual is measured for the purpose of determining the extent
to which an Award subject to Performance Goals has been earned.

     s.     "Performance Goals" mean the objectives for the Company or any
subsidiary or affiliate or any unit thereof or any individual that may be
established by the Committee for a Performance Cycle with respect to any
performance-based Awards contingently awarded under the Plan. The Performance
Goals for Awards that are intended to constitute "performance-based"
compensation within the meaning of Section 162(m) (or any amended or successor
provision) of the Code shall be based on one or more of the following criteria:
earnings per share, total shareholder return, operating income, net income, cash
flow, return on equity, return on capital, earnings before interest and taxes
("EBIT"), earnings before interest, taxes, depreciation and amortization
("EBITDA"), and Economic Value Added.

     t.     "Plan" means this 2004 Rayovac Incentive Plan, as amended from time
to time.

     u.     "Restricted Period" means the period during which an Award may not
be sold, assigned, transferred, pledged or otherwise encumbered.

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     v.     "Restricted Stock" means an Award of shares of Common Stock pursuant
to Section 5(a)(iii).

     w.     "Spread Value" means, with respect to a share of Common Stock
subject to an Award, an amount equal to the excess of the Fair Market Value, on
the date such value is determined, over the Award's exercise or grant price, if
any.

     x.     "Stock Appreciation Right" or "SAR" means a right granted pursuant
to Section 5(a)(ii).

     y.     "Stock Option" means an Incentive Stock Option or a Nonqualified
Stock Option granted pursuant to Section 5(a)(i).

In addition, the terms "Business Combination," "Change in Control," "Change in
Control Price," "Incumbent Board," "Outstanding Company Common Stock,"
"Outstanding Company Voting Securities" and "Person" have the meanings set forth
in Section 6.

SECTION 2. ADMINISTRATION.

     The Plan shall be administered by the Committee, which shall have the power
to interpret the Plan and to adopt such rules and guidelines for carrying out
the Plan as it may deem appropriate. The Committee shall have the authority to
adopt such modifications, procedures and subplans as may be necessary or
desirable to comply with the laws, regulations, compensation practices and tax
and accounting principles of the countries in which the Company, a subsidiary or
an affiliate may operate to assure the viability of the benefits of Awards made
to individuals employed in such countries and to meet the objectives of the
Plan.

     Subject to the terms of the Plan, the Committee shall have the authority to
determine those individuals eligible to receive Awards and the amount, type and
terms of each Award and to establish and administer any Performance Goals
applicable to such Awards, but, at the discretion of the Board, such
determinations may be made subject to ratification by the Board.

     The Committee may delegate its authority and power under the Plan to one or
more officers of the Company, subject to guidelines prescribed by the Committee
and approved by the Board, with respect to participants who are not subject to
either Section 16 (or any amended or successor provision) of the Exchange Act or
Section 162(m) (or any amended or successor provision) of the Code.

     Any determination made by the Committee or pursuant to delegated authority
in accordance with the provisions of the Plan with respect to any Award shall be
made in the sole discretion of the Committee or such delegate, and all

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decisions made by the Committee or any appropriately designated officer pursuant
to the provisions of the Plan shall be final and binding on all persons,
including the Company and Plan participants, but subject to ratification by the
Board if the Board so provides.

SECTION 3. ELIGIBILITY.

     All employees of the Company, its subsidiaries and affiliates, as well as
non-employee members of the Board of Directors of the Company, its subsidiaries
or affiliates are eligible to be granted Awards under the Plan.

SECTION 4. COMMON STOCK SUBJECT TO PLAN.

     The total number of shares of Common Stock reserved and available for
distribution pursuant to the Plan shall be 3,500,000 shares, all of which may be
issued pursuant to the exercise of Stock Options awarded under the Plan. If any
Award is exercised or cashed out or terminates or expires or is forfeited
without a payment being made to the participant in the form of Common Stock, the
shares subject to such Award, if any, shall again be available for distribution
in connection with Awards under the Plan; provided, however, that any shares
that are available again for Awards under the Plan also shall count against the
limit described in Section 5(b). Any shares of Common Stock that are used by a
participant as full or partial payment of withholding or other taxes or as
payment for the exercise or conversion price of an Award shall be available for
distribution in connection with Awards under the Plan.

     In the event of any merger, share exchange, reorganization, consolidation,
recapitalization, stock dividend, stock split, reverse stock split, split-up,
spin-off, issuance of rights or warrants or other similar transaction or event
affecting the Common Stock after adoption of the Plan by the Board, the Board is
authorized to make appropriate substitutions or adjustments in the aggregate
number and kind of shares reserved for issuance under the Plan, in the number,
kind and price of shares subject to outstanding Awards and in the Award limits
set forth in Section 5; provided, however, that any such substitutions or
adjustments shall be, to the extent deemed appropriate by the Board, consistent
with the treatment of shares of Common Stock not subject to the Plan, and that
the number of shares subject to any Award shall always be a whole number. The
Committee may make an Award in substitution for incentive awards, stock awards,
stock options or similar awards held by an individual who becomes an employee of
the Company, a subsidiary or an affiliate in connection with a transaction
described in the second paragraph of this Section 4. Notwithstanding any
provision of the Plan (other than the limitation set forth in the first
paragraph of this Section 4), the terms of such substituted Awards shall be as
the Committee, in its discretion, determines is appropriate.

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SECTION 5. AWARDS.

     (a)   General. The types of Awards that may be granted under the Plan are
set forth below. Awards may be granted singly, in combination or in tandem with
other Awards.

           (i)      STOCK OPTIONS. A Stock Option represents the right to
purchase a share of Stock at a predetermined grant price. Stock Options granted
under this Plan may be in the form of Incentive Stock Options or Nonqualified
Stock Options, as specified in the Award agreement, but no Stock Option
designated as an Incentive Stock Option shall be invalid in the event that it
fails to qualify as an Incentive Stock Option. The term of each Stock Option
shall be set forth in the Award agreement, but no Incentive Stock Option shall
be exercisable more than ten years after the grant date. The grant price per
share of Common Stock purchasable under an Incentive Stock Option shall not be
less than 100% of the Fair Market Value on the date of grant. Subject to the
applicable Award agreement, Stock Options may be exercised, in whole or in part,
by giving written notice of exercise to the Company specifying the number of
shares to be purchased. Such notice shall be accompanied by payment in full of
the purchase price by certified or bank check or such other instrument as the
Company may accept (including a copy of instructions to a broker or bank
acceptable to the Company to deliver promptly to the Company an amount of sale
or loan proceeds sufficient to pay the purchase price). As determined by the
Committee, payment in full or in part may also be made in the form of Common
Stock already owned by the optionee valued at the Fair Market Value on the date
the Stock Option is exercised; provided, however, that such Common Stock
acquired within the preceding six months upon the exercise of a Stock Option or
stock unit or similar Award granted under the Plan or any other plan maintained
at any time by the Company or any subsidiary shall not be used for such payment
unless expressly authorized by the Committee.

           (ii)     STOCK APPRECIATION RIGHTS. An SAR represents the right to
receive a payment, in cash, shares of Common Stock or both (as determined by the
Committee), with a value equal to the Spread Value on the date the SAR is
exercised. The grant price of an SAR shall be set forth in the applicable Award
agreement. Subject to the terms of the applicable Award agreement, an SAR shall
be exercisable, in whole or in part, by giving written notice of exercise to the
Company.

           (iii)    RESTRICTED STOCK. Shares of Restricted Stock are shares of
Common Stock that are awarded to a participant and that during the Restricted
Period may be forfeitable to the Company upon such conditions as may be set
forth in the applicable Award agreement. Restricted Stock may not be sold,
assigned, transferred, pledged or otherwise encumbered during the Restricted
Period. Except as provided in this subsection (iii) and in the applicable Award
agreement, a participant shall have all the rights of a holder of Common

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Stock, including the rights to receive dividends and to vote during the
Restricted Period. Dividends with respect to Restricted Stock that are payable
in Common Stock shall be paid in the form of Restricted Stock.

           (iv)     OTHER STOCK-BASED AWARDS. Other Stock-Based Awards are
Awards, other than Stock Options, SARs or Restricted Stock, that are denominated
in, valued in whole or in part by reference to, or otherwise based on or related
to, Common Stock. The grant, purchase, exercise, exchange or conversion of Other
Stock-Based Awards granted under this subsection (iv) shall be on such terms and
conditions and by such methods as shall be specified by the Committee.

           (v)      INCENTIVE AWARDS. Incentive Awards are performance-based
Awards that are expressed in U.S. currency or Common Stock or any combination
thereof. Incentive Awards shall be either Annual Incentive Awards or Long-Term
Incentive Awards.

     (b)   Maximum Awards. The total number of shares of Restricted Stock and
other shares of Common Stock subject to or underlying Stock Options, SARs and
Other Stock-Based Awards awarded to any participant during the term of this Plan
shall not exceed 25% of the shares of Common Stock originally reserved for
distribution pursuant to the Plan. An Annual Incentive Award paid to a
participant with respect to any Performance Cycle shall not exceed $1,000,000. A
Long-Term Incentive Award paid to a participant with respect to any Performance
Cycle shall not exceed $1,000,000 times the number of years in the Performance
Cycle.

     (c)   Performance-Based Awards. Any Awards granted pursuant to the Plan may
be in the form of performance-based Awards through the application of
Performance Goals and Performance Cycles.

SECTION. 6. CHANGE IN CONTROL PROVISIONS.

     (a)   Impact of Event. Notwithstanding any other provision of the Plan to
the contrary, in the event of a Change in Control:

           (i)      All Stock Options and Stock Appreciation Rights outstanding
as of the date such Change in Control occurs shall become fully vested and
exercisable.

           (ii)     The restrictions and other conditions applicable to any
Restricted Stock or Other Stock-Based Awards, including vesting requirements,
shall lapse, and such Awards shall become free of all restrictions and fully
vested.

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           (iii)    The value of all outstanding Stock Options, Stock
Appreciation Rights, Restricted Stock and Other Stock-Based Awards shall, unless
otherwise determined by the Committee at or after grant, be cashed out on the
basis of the "Change in Control Price," as defined in Section 6(c), as of the
date such Change in Control occurs or such other date as the Committee may
determine prior to the Change in Control.

           (iv)     Any Incentive Awards relating to Performance Cycles prior to
the Performance Cycle in which the Change in Control occurs that have been
earned but not paid shall become immediately payable in cash. In addition, each
participant who has been awarded an Incentive Award shall be deemed to have
earned a pro rata Incentive Award equal to the product of (y) such participant's
maximum award opportunity for such Performance Cycle, and (z) a fraction, the
numerator of which is the number of full or partial months that have elapsed
since the beginning of such Performance Cycle to the date on which the Change in
Control occurs, and the denominator of which is the total number of months in
such Performance Cycle.

     (b)   Definition of Change in Control. A "Change in Control" means the
happening of any of the following events:

           (i)      The acquisition, other than in a transaction approved by the
Incumbent Board, by any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act (a "Person")) of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of 20% or more of either (A) the then outstanding shares of Common Stock (the
"Outstanding Company Common Stock") or (B) the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the
election of directors (the "Outstanding Company Voting Securities"); provided,
however, that the following acquisitions shall not constitute a Change in
Control: (1) any acquisition directly from the Company, (2) any acquisition by
the Company, (3) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the
Company or (4) any acquisition by any corporation pursuant to a transaction
described in clauses (A), (B) and (C) of paragraph (iii) of this Section 6(b);
or

           (ii)     Individuals who, as of the effective date of the Plan,
constitute the Board (the "Incumbent Board") cease for any reason to constitute
at least a majority of the Board; provided, however, that any individual
becoming a director subsequent to such effective date whose election, or
nomination for election by the stockholders of the Company, was approved by a
vote of at least a majority of the directors then comprising the Incumbent Board
shall be considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial
assumption of office occurs as a result of an actual or threatened election
contest with respect

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to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the
Board; or

           (iii)    Approval by the stockholders of the Company of a
reorganization, merger, share exchange or consolidation (a "Business
Combination"), unless, in each case following such Business Combination, (A) all
or substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 50% of, respectively, the
then outstanding shares of common stock and the combined voting power of the
then outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Business
Combination (including, without limitation, a corporation that as a result of
such transaction owns the Company through one or more subsidiaries) in
substantially the same proportions as their ownership, immediately prior to such
Business Combination of the Outstanding Company Common Stock and Outstanding
Company Voting Securities, as the case may be, (B) no Person (excluding any
employee benefit plan (or related trust) of the Company or such corporation
resulting from such Business Combination) beneficially owns, directly or
indirectly, 25% or more of, respectively, the then outstanding shares of common
stock of the corporation resulting from such Business Combination or the
combined voting power of the then outstanding voting securities of such
corporation except to the extent that such Person owned 25% or more of the
Outstanding Company Common Stock or Outstanding Company Voting Securities prior
to the Business Combination and (C) at least a majority of the members of the
board of directors of the corporation resulting from such Business Combination
were members of the Incumbent Board at the time of the execution of the initial
agreement, or of the action of the Board, providing for such Business
Combination; or

           (iv)     Approval by the stockholders of the Company of (A) a
complete liquidation or dissolution of the Company or (B) the sale or other
disposition of all or substantially all of the assets of the Company, other than
to a corporation with respect to which, following such sale or other
disposition, (1) more than 50% of, respectively, the then outstanding shares of
common stock of such corporation and the combined voting power of the then
outstanding voting securities of such corporation entitled to vote generally in
the election of directors is then beneficially owned, directly or indirectly, by
all or substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such sale or other disposition in
substantially the same proportion as their ownership, immediately prior to such
sale or other disposition, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities, as the case may be, (2) less than 25% of,
respectively, the then outstanding shares of common stock of such corporation
and the combined voting power of the then outstanding voting securities of such

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corporation entitled to vote generally in the election of directors is then
beneficially owned, directly or indirectly, by any Person (excluding any
employee benefit plan (or related trust) of the Company or such corporation),
except to the extent that such Person owned 25% or more of the Outstanding
Company Common Stock or Outstanding Company Voting Securities prior to the sale
or disposition and (3) at least a majority of the members of the board of
directors of such corporation were members of the Incumbent Board at the time of
the execution of the initial agreement, or of the action of the Board, providing
for such sale or other disposition of assets of the Company or were elected,
appointed or nominated by the Board.

     (c)   Change in Control Price. "Change in Control Price" means the highest
price per share paid in any transaction reported on the New York Stock
Exchange-Composite Transactions or paid or offered in any bona fide transaction
related to a potential or actual change in control of the Company at any time
during the preceding 60-day period as determined by the Committee, except that,
in the case of Incentive Stock Options, unless the Committee otherwise provides,
such price shall be based only on transactions reported for the date on which
such Incentive Stock Options are cashed out.

     (d)   Notwithstanding any other provision of this Plan, upon a Change in
Control, unless the Committee shall determine otherwise at grant, or after grant
but before the Change in Control, an Award recipient shall have the right, by
giving notice to the Company within the Exercise Period, to elect to surrender
all or part of the Stock Option, SAR, Restricted Stock or Other Stock-Based
Award to the Company and to receive in cash, within 30 days of such notice, an
amount equal to the amount by which the "Change in Control Price" on the date of
such notice shall exceed the exercise or grant price under such Award,
multiplied by the number of shares of Stock as to which the right granted under
this Section 6 shall have been exercised.

     (e)   Notwithstanding the foregoing, if any right granted pursuant to this
Section 6 would make a Change in Control transaction ineligible for pooling of
interests accounting under generally accepted accounting principles that but for
this Section 6 would otherwise be eligible for such accounting treatment, the
Committee shall have the ability to substitute the cash payable pursuant to this
Section 6 with Common Stock with a Fair Market Value equal to the cash that
would otherwise be payable hereunder.

SECTION 7. PLAN AMENDMENT AND TERMINATION.

     The Board may amend or terminate the Plan at any time, provided that no
such amendment shall be made without stockholder approval if such approval is
required under applicable law, or if such amendment would increase the total
number of shares of Common Stock that may be distributed under the Plan.

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     Except as set forth in any Award agreement, no amendment or termination of
the Plan or an Award agreement may materially and adversely affect any
outstanding Award under the Plan without the Award recipient's consent. No Stock
Option or SAR may be repriced or modified without stockholder approval (except
in connection with a change in the Company's capitalization), if the effect
would be to reduce the exercise or grant price for the shares underlying such
Stock Option or SAR.

SECTION 8. PAYMENTS AND PAYMENT DEFERRALS.

     Payment of Awards may be in the form of cash, Stock, other Awards or
combinations thereof as the Committee shall determine, and with such
restrictions as it may impose. The Committee, either at the time of grant or by
subsequent amendment, may require or permit deferral of the payment of Awards
under such rules and procedures as it may establish. It also may provide that
deferred settlements include the payment or crediting of interest or other
earnings on the deferred amounts, or the payment or crediting of dividend
equivalents where the deferred amounts are denominated in Common Stock
equivalents.

SECTION 9. DIVIDENDS AND DIVIDEND EQUIVALENTS.

     The Committee may provide that any Awards under the Plan earn dividends or
dividend equivalents. Such dividends or dividend equivalents may be paid
currently or may be credited to a participant's Plan account. Any crediting of
dividends or dividend equivalents may be subject to such restrictions and
conditions as the Committee may establish, including reinvestment in additional
shares of Common Stock or Common Stock equivalents.

SECTION 10. TRANSFERABILITY.

     Except to the extent permitted by the Award agreement, either initially or
by subsequent amendment, Awards shall not be transferable or assignable other
than by will or the laws of descent and distribution, and shall be exercisable
during the lifetime of the recipient only by him.

SECTION 11. AWARD AGREEMENTS.

     Each Award under the Plan shall be evidenced by a written agreement (which
need not be signed by the recipient unless otherwise specified by the Committee)
that sets forth the terms, conditions and limitations for each Award. Such terms
may include, but are not limited to, the term of the Award, vesting and
forfeiture provisions, and the provisions applicable in the event the
recipient's employment terminates. The Committee may amend an Award agreement,
provided that no such amendment may materially and adversely affect an Award
without the Award recipient's consent.

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SECTION 12. UNFUNDED STATUS OF PLAN.

     It is presently intended that the Plan constitute an "unfunded" plan for
incentive and deferred compensation. The Committee may authorize the creation of
trusts or other arrangements to meet the obligations created under the Plan to
deliver Common Stock or make payments; provided, however, that, unless the
Committee otherwise determines, the existence of such trusts or other
arrangements is consistent with the "unfunded" status of the Plan.

SECTION 13. GENERAL PROVISIONS.

     (a)   The Committee may require each person acquiring shares of Common
Stock pursuant to an Award to represent to and agree with the Company in writing
that such person is acquiring the shares without a view to the distribution
thereof. The certificates for such shares may include any legend that the
Committee deems appropriate to reflect any restrictions on transfer.

     All certificates for shares of Common Stock or other securities delivered
under the Plan shall be subject to such stock transfer orders and other
restrictions as the Committee may deem advisable under the rules, regulations
and other requirements of the Commission, any stock exchange upon which the
Common Stock is then listed and any applicable Federal, state or foreign
securities law, and the Committee may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions.

     (b)   Nothing contained in this Plan shall prevent the Company, a
subsidiary or an affiliate from adopting other or additional compensation
arrangements for its employees or directors.

     (c)   Neither the adoption of the Plan nor the granting of Awards under the
Plan shall confer upon any employee any right to continued employment nor shall
they interfere in any way with the right of the Company, a subsidiary or an
affiliate to terminate the employment of any employee at any time.

     (d)   No later than the date as of which an amount first becomes includible
in the gross income of the participant for income tax purposes with respect to
any Award under the Plan, the participant shall pay to the Company, or make
arrangements satisfactory to the Company regarding the payment of, any Federal,
state, local or foreign taxes of any kind required by law or applicable
regulation to be withheld with respect to such amount. Unless otherwise
determined by the Committee, withholding obligations arising from an Award may
be settled with Common Stock, including Common Stock that is part of, or is
received upon exercise or conversion of, the Award that gives rise to the
withholding requirement. The obligations of the Company under the Plan shall be
conditional on such payment or arrangements, and the Company, its subsidiaries
and its affiliates shall, to the extent permitted by law, have the right to
deduct any

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such taxes from any payment otherwise due to the participant. The Committee may
establish such procedures as it deems appropriate, including the making of
irrevocable elections, for the settling of withholding obligations with Common
Stock.

     (e)   On receipt of written notice of exercise, the Committee may elect to
cash out all or a portion of the shares of Common Stock for which a Stock Option
is being exercised by paying the optionee an amount, in cash or Common Stock,
equal to the Spread Value of such shares on the date such notice of exercise is
received.

     (f)   The Plan and all Awards made and actions taken thereunder shall be
governed by and construed in accordance with the laws of the State of Wisconsin.

     (g) If any provision of the Plan is held invalid or unenforceable, the
invalidity or unenforceability shall not affect the remaining parts of the Plan,
and the Plan shall be enforced and construed as if such provision had not been
included.

     (h)   The Plan shall be effective on August 1, 2004. Except as otherwise
provided by the Board, no Awards shall be granted after July 31, 2014, but any
Awards granted theretofore may extend beyond that date.

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                                                                   Exhibit 10.26

                                AMENDMENT TO THE

                     RAYOVAC 401(k) RETIREMENT SAVINGS PLAN

WHEREAS, Rayovac Corporation (the "Employer") heretofore adopted the Rayovac
401(k) Retirement Savings Plan (the "Plan"); and

WHEREAS, the Employer reserved the right to amend the Plan; and

WHEREAS, the Employer desires to amend the Plan;

NOW, THEREFORE, the Plan is hereby amended, effective as of July 31,2003, as
follows:

1.   Section 2.1 of the Plan shall be amended by adding the following paragraph
     to the conclusion of said Section:

     Notwithstanding the foregoing provisions, any Employee of the Employer's
     Dixon Division who:

     (i)     is employed in a contingent job classification, and

     (ii)    is not in an excluded class of Employees described in the preceding
             paragraph

     shall become a Participant in the Plan effective as of the first day of the
     month coincident with or next following the Employee's completion of a
     twelve (12)-month period of employment with the Employer, measured from the
     Employee's Employment Date.

2.   Article Two of the Plan shall be amended by the addition of the following
     Section 2.1A:

     2.1A    SERVICE IN EXCLUDED JOB CLASSIFICATIONS OR WITH RELATED COMPANIES

     (a)     SERVICE WHILE A MEMBER OF AN INELIGIBLE CLASSIFICATION OF
             EMPLOYEES. An Employee who is a member of an ineligible
             classification of Employees shall not be eligible to participate in
             the Plan while a member of such ineligible classification. However,
             if any such Employee is transferred to an eligible classification,
             such Employee shall be credited with any prior periods of Service
             completed while a member of such an ineligible classification. For
             this purpose, an Employee shall be considered a member of an
             ineligible classification of Employees for any period during

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             which he is employed in a job classification which is excluded from
             participating in the Plan under Section 2.1.

     (b)     SERVICE WITH RELATED GROUP MEMBERS.  For each Plan Year in which
             the Employer is a member of a "related group", as hereinafter
             defined, all Service of an Employee or Leased Employee (hereinafter
             collectively referred to as "Employee" solely for purposes of this
             Section 2.1A(b)) with anyone or more members of such related group
             shall be treated as employment by the Employer. The transfer of
             employment by any such Employee to another member of the related
             group shall not be deemed to constitute a retirement or other
             termination of employment by the Employee, but the Employee shall
             be deemed to have continued in employment with the Employer. For
             purposes of this subsection (b), "related group" shall mean the
             Employer and all corporations, trades or businesses (whether or not
             incorporated) which constitute a controlled group of corporations
             with the Employer, a group of trades or businesses under common
             control with the Employer, or an affiliated service group which
             includes the Employer, within the meaning of Section 414(b),
             Section 414(c), or Section 414(m), respectively, of the Code or any
             other entity required to be aggregated under Code Section 414(o).

     (c)     CONSTRUCTION. This Section is included in the Plan to comply with
             the Code provisions regarding the crediting of Service, and not to
             extend any additional rights to Employees in ineligible
             classifications other than as required by the Code and regulations
             thereunder.

3.   Section 3.2(e) of the Plan shall be amended by adding the following
     paragraph to the conclusion of said Section:

     Notwithstanding the foregoing, for the Plan Year beginning January 1, 2003,
     at the discretion of the Employer's board of directors, all or a portion of
     the contribution under Section 3.2(c) for the Plan Year may provide an
     allocation to "qualifying Participants" (within the meaning of Section
     3.2(b)) equal to the difference between (i) the amount which would have
     been allocated under said Section 3.2(b) had the Participant's actual age
     been utilized during a Plan Year and (ii) the amount allocated under such
     Section.

IN WITNESS WHEREOF, the Employer, by its duly authorized officer, has caused
this Amendment to be executed on the 23 day of July, 2003.

                                                   RAYOVAC CORPORATION

                                                   By:  /s/ Kent J. Hussey
                                                        ---------------------

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