Document:

Exhibit 10.2(u)

                                                              April 2, 2008

Mr. Joseph E. Marosits
42 Wilcox Drive
Mountain Lakes, NJ  07046

                           Re: Retirement Agreement
                           ------------------------

Dear Mr. Marosits:

This letter agreement (the "Retirement Agreement") is to confirm our discussions
concerning your retirement effective June 30, 2008 ("Official Termination Date")
and the termination effective as of April 8, 2008 of your status as an officer
of Cytec Industries Inc. (the "Company") and as a member of the Company's
Executive Leadership Team, Pension Administration Committee and Committee on
Investment of Pension Funds, and as Plan Administrator of each of the Company's
benefit plans where you have that responsibility.

If you revoke this Retirement Agreement within the time period specified in
Section XI below, then you will not be eligible to receive any compensation or
benefits under this Retirement Agreement or the Executive Income Continuity Plan
(the "Plan"). The benefits available to you under the Plan, and the additional
benefits we are offering to provide you in excess of those specified in the
Plan, are all set forth in this Retirement Agreement.

I.  Executive Income Continuity Plan:

A copy of the Plan as amended to date is attached hereto. Due to the
circumstances of your retirement, you will receive the benefits specified in the
Plan (as described herein) applicable to a member of the Plan whose employment
is terminated without "Cause" provided you do not revoke this Retirement
Agreement within the time period specified in Section XI below.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 2

Under Section 5 of the Plan, you will be entitled to an income continuation
benefit of $372,339 (equivalent to one year's salary plus your average
percentage bonus for the two preceding fiscal years) payable in 12 equal monthly
installments. Because we are required to administer the Plan in accordance with
the provisions of Section 409A of the Internal Revenue Code, the first six
monthly payments will be paid to you in a lump sum on the first business day of
the seventh month following your Official Termination Date, i.e., January 2,
2009. The last six monthly payments will be paid to you in arrears on or about
the last business day of each month. These payments are subject to federal,
state and other local applicable taxes and withholdings. In addition, the
Company will deduct from these amounts any outstanding balances due on Company
credit cards issued to you; the value of any Company property which you have not
returned to the Company as of your Official Termination Date; and any other
amounts owed by you to the Company as of such date, including if you elect
benefits continuation, your share of the cost of Company provided benefits
determined consistently with charges to other Company employees, as in effect
from time to time.

Under Section 7 of the Plan, the Company, at its option, may discontinue any
payments being made pursuant to Section 5 of the Plan if you engage in any
competitive activity as defined in Section 7 of the Plan.

In accordance with Section 8 of the Plan, your excess personal liability
insurance benefits, group life insurance benefits and comprehensive Medical,
Dental, Vision and AD&D benefits will be maintained for two years following your
Official Termination Date. The period of time during which your benefits are
continued under this provision is included in and is not in addition to the 18
month continuation period provided for under "COBRA". At the end of this period
the appropriate conversion notices or other applications with respect to
employee benefits will be provided to you. Accrual of benefits under the
Retirement Plan, Savings and Profit Sharing Plan and related supplemental plans,
and Spending Accounts, as well as participation in disability coverage, ends at
your Official Termination Date.

II.  Vacation Pay

You will also receive pay for your accrued and unused 2008 vacation days in
accordance with existing Company policy.

III.  Stock Options and SARs

On your Official Termination Date, all of your then currently exercisable
options and SARs will have their expiration date changed to June 30, 2009.
One-third of the SARs granted to you in 2006 and two-thirds of the SARS granted
to you in 2007 will not be exercisable on your Official Termination Date and
will accordingly be forfeited on that date. The forfeited amounts represent SARs
with respect to 4,000 and 6,667 shares respectively.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 3

IV.  Performance Cash Awards.

You have outstanding two Performance Cash Awards. If you do not revoke this
Retirement Agreement during the time period specified in Section XI below, the
Compensation and Management Development Committee of the Board of Directors will
make the determination that the termination of your employment is under
circumstances "not contrary to the best interests of the Company" and you will
be entitled to retain all or part of these awards as set forth below, subject to
the terms and conditions of such Awards, including, but not limited to, possible
subsequent forfeiture, in whole or in part, if the performance conditions
applicable to the Awards are not met.

         Unvested Award             Amount Forfeited          Amount Retained
         --------------             ----------------          ---------------

         $120,000 Performance       none                      $ 120,000
         Cash Award dated
         February 8, 2006

         $120,000 Performance       $40,000                   $  80,000
         Cash Award dated
         January 31, 2007

V.  Executive Supplemental Employees Retirement Plan

If you do not revoke this Retirement Agreement during the time period specified
in Section XI below, a duly authorized special committee of the Board will elect
you as a full Member of the Executive Supplemental Retirement Plan (the "ESERP")
on the date you are no longer entitled to revoke this Retirement Agreement with
five projected Years of Service for purposes of calculating your benefits under
section 3.1 of the ESERP and with no reduction in benefits for commencing
benefits at age 60. Payment of your ESERP benefits shall commence on the first
day of the month following your 60th birthday unless you choose an earlier date,
in which case the amounts payable under the ESERP will be reduced in accordance
with the terms of the ESERP. If you choose to begin receiving benefits
immediately, because we are required to administer the Plan in accordance with
the provisions of Section 409A of the Internal Revenue Code, the first six
monthly payments will be paid to you in a lump sum on the first business day of
the seventh month following your Official Termination Date, i.e., January 2,
2009.

VI.  Deferred Stock Awards

You currently have Deferred Stock Awards aggregating 13,880.657 shares of post
2004 awards. In accordance with the terms of the 1993 Stock Award and Incentive
Plan and your previous elections, these shares will be paid to you in a lump
sum. Because we are required to administer this plan in accordance with the
provisions of Section 409A of the Internal Revenue Code, the lump sum payment
will be made on the first business day of the seventh month following your
Official Termination Date, i.e., January 2, 2009.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 4

VII.  Supplemental Savings and Profit Sharing Plan

You currently have a balance of approximately $235,500 in the Supplemental
Savings and Profit Sharing Plan. In accordance with the terms of the
Supplemental Savings and Profit Sharing Plan and your previous elections, your
entire plan balance will be paid to you in lump sum. Because we are required to
administer this plan in accordance with the provisions of Section 409A of the
Internal Revenue Code, the lump sum will be paid to you on the first business
day of the seventh month following your Official Termination Date, i.e., January
2, 2009.

VIII. Incentive Compensation

If you do not revoke this Retirement Agreement during the time period specified
in Section XI below, the Compensation and Management Development Committee will
authorize the payment to you of an incentive compensation award for 2008 based
on your salary through June 30, 2008, your ICP target percentage amount of 45%
and the same annual incentive multiplier used to determine the 2008 incentive
compensation awards of the other corporate Executive Officers. This amount, if
any, will be paid to you at the same time as 2008 incentive compensation awards
are paid to other corporate Executive Officers, which is anticipated to be in
February or March of 2009.

IX.  Release

In return for the payments and benefits described in this Retirement Agreement,
you do hereby waive and do hereby release, knowingly and willingly, the Company,
its subsidiaries, successors and predecessors, and its and their employees,
agents, directors and officers, past and present (collectively, the
"Releasees"), from any and all claims of any nature whatsoever you have arising
out of your employment and/or the termination of your employment with the
Company, known or unknown, including but not limited to any claims you may have
under federal, state or local employment, labor, or anti-discrimination laws,
statutes and case law and specifically claims arising under the federal Age
Discrimination in Employment Act, the Civil Rights Acts of 1866, 1964 and 1991,
as amended, the Americans with Disabilities Act, Executive Order 11246, the
Employee Retirement Income Security Act, the Family and Medical Leave Act, the
Rehabilitation Act of 1973, the Fair Labor Standards Act, the Labor-Management
Relations Act, the Equal Pay Act and the Worker Adjustment Retraining and
Notification Act, the Fair Credit Reporting Act, the Immigration Reform Control
Act, the Internal Revenue Code, the Occupational Safety and Health Act, the
Uniformed Services Employment and Reemployment Rights Act, the New Jersey Law
Against Discrimination and any other applicable federal, state, county or local
law, ordinance or statute including claims for attorneys' fees, provided,
however, that this release does not apply to claims for benefits under
Company-sponsored benefit plans covered under the Employee Retirement Income
Security Act; does not apply to claims arising out of obligations expressly
undertaken in this Retirement Agreement and does not apply to claims arising out
of any act or omission occurring after the date you sign this Retirement
Agreement. Any rights to benefits under Company-sponsored benefit plans are
governed exclusively by the written plan documents. You acknowledge and
understand that this paragraph is intended to prevent you from making any claims
against any Releasee (and individuals acting for any Releasee) regarding any
matter or incident up to the date you execute this Retirement Agreement. In
exchange for the payments and benefits described in this Retirement Agreement,
except as otherwise expressly set forth in this Retirement Agreement, you agree
and covenant not to sue and not to bring an action of any kind against any
Releasee, its past, present and future parent corporations, its past, present
and future divisions, subsidiaries, affiliates and related companies and their
successors and assigns and all past, present and future directors, officers,
employees and agents of these entities, personally and as directors, officers,
employees and agents, arising out of your employment and/or your retirement,
before any court or other forum.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 5

If you breach the terms of the release and waiver contained in the preceding
paragraph, then as liquidated damages you agree to repay the Company all amounts
paid to you pursuant to the provisions of the Plan and Sections IV, V and VIII
of this Retirement Agreement within five days of bringing suit and that any
additional payments due you under the terms of the Plan and Sections IV, V and
VIII of this Retirement Agreement are forfeited. You acknowledge and agree that
the liquidated damages are fair and reasonable, and that the Company would not
be able to quantify its damages absent this liquidated damages provision.
Moreover, if you breach the terms of the release and waiver contained in the
preceding paragraph by bringing suit, you agree to pay the attorneys' fees each
Releasee incurs in defending against such suit.

If you bring suit and fail to repay the amounts paid to you pursuant to the
provisions of the Plan, you hereby consent to the entry of judgment against you
and in favor of the Company in the gross amount of such payments.

If you do not revoke this Retirement Agreement within the revocation period
described below, you will obtain the benefits pursuant to the terms of the Plan.
If you subsequently revoke this Retirement Agreement within the revocation
period described below, you will forego the benefits provided pursuant to the
terms of the Plan and the additional benefits specified in Sections IV, V and
VIII of this Retirement Agreement, but you will obtain the other benefits
provided under applicable law, including the right to extend, for a charge,
certain employee benefits and any notice period pay to which you are entitled.

In the event of any claim regarding or dispute over the enforceability of this
Retirement Agreement or any part thereof, the parties agree to submit such
dispute or claim to binding arbitration. To be timely filed, any such claim must
be submitted by the party seeking arbitration to the other for binding
arbitration within the limitations period set by applicable federal or state
law. The arbitrator shall be chosen by mutual agreement between you and the
Company from among available arbitrators recommended by the American Arbitration
Association. The arbitration hearing will take place at a mutually acceptable
location in New Jersey with all due speed. The costs of arbitration shall be
split equally between you and the Company, unless the arbitrator determines that
some other allocation is appropriate. The arbitrator shall render an award
within 30 days of the arbitration hearing. The arbitrator shall have no power to
amend, add to or subtract from this Retirement Agreement. The award shall be
admissible in any court or agency action seeking to enforce or render
unenforceable this Retirement Agreement or any portion thereof.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 6

X.  Miscellaneous

Should any of the provisions of this Retirement Agreement be invalidated by a
court of competent jurisdiction or arbitrator, the parties agree that this shall
not affect the enforceability of the other provisions of this Retirement
Agreement and the parties shall negotiate the provision or provisions in good
faith to effectuate its or their purpose and to conform the provision or
provisions to law. This Retirement Agreement may be amended or modified only by
an agreement in writing, signed by both parties.

This Retirement Agreement shall be governed by and construed in accordance with
the laws of the State of New Jersey.

XI. Acknowledgement and Certification

You, the employee, acknowledge and certify that you:

     (a)  have read and understand all of the terms of this Retirement Agreement
          and do not rely on any representation or statement, written or oral,
          not set forth in this Retirement Agreement;

     (b)  have had a reasonable period of time to consider this Retirement
          Agreement;

     (c)  are signing this Retirement Agreement knowingly and voluntarily;

     (d)  have been advised to consult with an attorney before signing this
          Retirement Agreement;

     (e)  have the right to consider the terms of this Retirement Agreement for
          at least 21 days and if you take fewer than 21 days to review this
          Retirement Agreement, you hereby waive any and all rights to the
          balance of the 21-day review period; and

     (f)  have the right to revoke this Retirement Agreement within seven days
          after signing it, in which event this Retirement Agreement becomes
          null and void in its entirety.

          THIS IS A LEGALLY ENFORCEABLE DOCUMENT.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 7

If this Retirement Agreement is acceptable to you, please indicate by signing
the enclosed copy of this Retirement Agreement and returning it to me as
outlined above. If you have any questions concerning the foregoing, please
contact me.

                                                              Sincerely,

                                                              /s/ Roy Smith

Accepted and Agreed:
/s/ J.E. Marosits                       4/2/08
----------------------------------------------------
Joseph E. Marosits                        Date

   X    I elect to have my current benefits continue for the two year period
  ----  specified in Section I.

  ----  I decline benefit continuation during the two year period specified in
        Section I.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 8

                                                           Exhibit to Retirement
                                                           Agreement between the
                                                  Company and Joseph E. Marosits

                              CYTEC INDUSTRIES INC.
                              ---------------------

                        Executive Income Continuity Plan
                        --------------------------------

                      As Revised through February 28, 2007
                      ------------------------------------

         1. Purpose. The purpose of this Executive Income Continuity Plan (this
Plan) is to retain the services of executives in the senior management group of
Cytec Industries Inc. and its subsidiaries and to reinforce and encourage the
continuing attention, dedication and loyalty of these executives without the
distraction of concern over the possibility of involuntary or constructive
termination of employment resulting from unforeseen developments, by providing
income continuity for a limited period.

         2. Definitions. Unless the context otherwise requires, the following
terms shall have the meanings respectively indicated:

                  (a) "Board of Directors" shall mean the board of directors of
         Cytec Industries Inc.

                  (b) "Cause" shall mean (A) the willful and continued failure
         by a Plan Member substantially to perform his duties with the Company
         (other than any such failure resulting from his incapacity due to
         physical or mental illness), after a demand for substantial performance
         is delivered to him by the Company which specifically identifies the
         manner in which the Company believes that he has not substantially
         performed his duties, or (B) the willful engaging by him in conduct
         demonstrably injurious to the Company. For purposes of this definition,
         no act, or failure to act, on the part of a Plan Member shall be
         considered "willful" unless done, or omitted to be done, by him without
         reasonable belief that his action or omission was in the best interests
         of the Company and was lawful.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 9

                  (c) A "Change in Control" shall be deemed to have occurred if:
         (i) any "person", as such term is used in Sections 13(d) and 14(d) of
         the Securities Exchange Act of 1934, as amended (the "Exchange Act")
         (other than the Company, any trustee or other fiduciary holding
         securities under an 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
         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 20% or more (except as
         specifically provided below) of the combined voting power of the
         Company's then outstanding securities; or (ii) there occurs any
         transaction or action which results in the individuals who at the
         beginning of a period commencing 24 hours prior to the commencement of
         the transaction were members of the Board of Directors, together with
         individuals subsequently elected to the Board upon the recommendation
         of a majority of the continuing directors, ceasing to constitute at
         least a majority thereof; or (iii) the stockholders or the Board of
         Directors of the Company approve a definitive agreement to merge or
         consolidate the Company with or into another corporation (including any
         such transaction in which the Company is the surviving corporation), or
         to sell or otherwise dispose of all or substantially all of its assets,
         or to adopt a plan of liquidation of the Company. Notwithstanding
         clause (i) above, beneficial ownership by a financial institution of
         securities of the Company representing 20% or more of the combined
         voting power of the Company's then outstanding securities shall not
         constitute a Change in Control if, at the first Board of Directors
         meeting occurring five days or more after the Company receives written
         notice of such event, and prior to the occurrence of an event described
         in clause (ii) above, the Board of Directors adopts a resolution to the
         effect that such ownership does not constitute a Change in Control;
         provided that (x) such a resolution shall not remain in effect for any
         further five percent (5%) increase in such financial institution's
         beneficial ownership, unless the Board of Directors so determines in
         accordance with a further resolution adopted by the Board of Directors
         in accordance with the procedures set forth in this sentence, (y) such
         resolution may be revoked by the Board of Directors at any time, and
         (z) the Board of Directors may place any additional or more stringent
         conditions on its determination that such event does not constitute a
         Change in Control.

                  (d) "Company" shall mean Cytec Industries Inc. and, except for
         the purposes of paragraph (c) of this Section, shall include any of its
         subsidiaries which employs members of this Plan.

                  (e) "Compensation Committee" shall mean the Compensation
         and Management Development Committee as constituted from time to time
         of the Board of Directors, or such other body as shall have similar
         authority and responsibility.

                  (f) "Date of Termination" shall mean (A) if the employment of
         a Plan Member is terminated by his death, the date of his death, (B) if
         such employment is terminated by his Retirement, the date of such
         Retirement, (C) if such employment is terminated for Disability, upon
         the expiration of his continuous service credits as determined by the
         Company, (D) if his employment is terminated by him for Good Reason,
         the date specified in the Notice of Termination, and (E) if his
         employment is terminated for any other reason, the date on which Notice
         of Termination is given; provided that if within 30 days after any
         Notice of Termination is given the party receiving such notice notifies
         the other party that a dispute exists concerning the termination, the
         Date of Termination shall be the date on which the dispute is finally
         resolved, either by mutual written agreement of the parties or by a
         final judgment, order or decree of a court of competent jurisdiction
         (the time for appeal therefrom having expired and no appeal having been
         perfected).

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 10

                  (g) "Disability" shall mean inability of a Plan Member due to
         sickness or injury to perform the duties pertaining to his occupation
         with the Company, as determined in accordance with the Company's
         Long-Term Disability Plan and personnel policies.

                  (h) "Good Reason" shall mean:

                           (A) a change in assignment resulting in the
                  assignment to a Plan Member of substantially reduced
                  responsibilities compared with those assigned to him prior to
                  such change, or any change in his status, authority or
                  position which represents a demotion (actual or de facto) from
                  his status, authority or position immediately prior to such
                  change, except in connection with the termination of his
                  employment because of death or Retirement, by the Company for
                  Disability or Cause, or by him other than for a Good Reason
                  enumerated in any of the following subparagraphs of this
                  Paragraph (h);

                           (B) the assignment to a Plan Member of duties
                  inconsistent with his responsibilities prior to such
                  assignment, unless such new duties are consistent with a
                  position of equal or greater status, authority, and position;

                           (C) a reduction in the base salary of a Plan Member
                  as the same may be increased from time to time;

                           (D) a failure to continue the I.C. Plan (or a plan
                  providing substantially similar benefits) as the same may be
                  modified from time to time but in a form not less favorable
                  than as of the date of adoption of this Plan, or a failure to
                  continue a Plan Member as a participant in the I.C. Plan on a
                  basis consistent with the basis on which the I.C. Plan is
                  administered as of such date;

                           (E) a failure to pay a Plan Member any portion of his
                  current or deferred compensation within seven (7) days of the
                  date such compensation is due;

                           (F) the relocation of the principal executive offices
                  of the Company to a location more than 50 miles from the
                  location of the present executive offices or outside of New
                  Jersey, or requiring a Plan Member to be based anywhere other
                  than the principal executive offices (or, if a Plan Member is
                  not based at such executive offices, requiring such Plan
                  Member to be based at another location not within 50 miles of
                  such location) except for required travel on business to an
                  extent substantially consistent with his duties and
                  responsibilities, or in the event of consent to any such
                  relocation of the base location of a Plan Member the failure
                  to pay (or provide reimbursement for) all expenses of such
                  Plan Member incurred relating to a change of principal
                  residence in accordance with the applicable personnel policies
                  of the Company in effect as of the date of adoption of this
                  Plan;

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 11

                           (G) the failure to continue in effect any benefit or
                  compensation plan (including but not limited to the Retirement
                  Plan, the Long-Term Disability Plan, the I.C. Plan, stock
                  option and performance stock/cash features of the 1993 Stock
                  Award and Incentive Plan (or of any subsequent and/or
                  substitute plan)), the Employees Savings and Profit Sharing
                  Plan (including the Supplemental Savings and Profit Sharing
                  Plan), pension plan (including but not limited to, the
                  Supplemental, Executive Supplemental, and Excess Retirement
                  Plans), life insurance plan, health and accident plan,
                  disability or vacation plan in which a Plan Member is
                  participating, or the taking of any action which would
                  adversely affect participation (including the Plan Member's
                  eligibility to participate, the amount of his benefits, and
                  the level of his participation relative to other participants)
                  in or materially reduce benefits under any of such plans, or
                  the failure to fund any "Rabbi Trust" created for the payment
                  of any of the foregoing benefits, when, and to the extent,
                  required by the terms of any such trust, unless such action is
                  required pursuant to law or unless substantially similar
                  benefits are continued in the aggregate under other plans,
                  programs or arrangements;

                           H) the failure to obtain the assumption of or an
                  agreement to carry out the terms of this Plan by any successor
                  as contemplated in Section 10; or

                           (I) any purported termination of a Plan Member's
                  employment which is not effected pursuant to a Notice of
                  Termination as herein defined.

                  (i) "I.C. Plan" means the existing system of annual cash
         bonuses payable to Company employees (including Plan Members), pursuant
         to which annual target bonuses are established based upon job levels
         and payments of bonuses as a percentage of such targets are made based
         upon Company, business group and individual performance.

                  (j) "Notice of Termination" shall mean a notice which
         indicates the specific basis for termination of employment relied upon
         and shall set forth in reasonable detail the facts and circumstances
         claimed to provide such basis.

                  (k) "Plan Member" shall mean a person who is employed by
         the Company on a full-time basis and for a regular fixed compensation
         (other than on a retainer or compensation for temporary employment) and
         who is included in the membership of this Plan as provided in Section
         3.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 12

                  (l) "Officers" shall mean the chairman, any vice chairman,
         president, and any vice president of Cytec Industries Inc. chosen by
         the Board of Directors.

                  (m) "Retirement" shall mean termination of employment in
         accordance with the provisions of the Retirement Plan; provided,
         however, that termination of employment by a Plan Member before his
         Normal Retirement Date (as defined in such Plan) for Good Reason shall
         not be deemed to be Retirement for purposes of this Plan even though
         such Plan Member may be eligible for and elect to receive retirement
         benefits thereunder.

              (n) "Retirement Plan" means any qualified defined benefit pension
         plan of the Company or its subsidiaries under which the Plan Member has
         accrued a retirement benefit (whether or not vested).

                  (o) "Service", as used in Section 5 of this Plan, shall mean
         service as a full time employee of the Company or one of its
         subsidiaries and, in the case of any person who became such an employee
         on January 1, 1994, shall include any period of service ending December
         31, 1993 as a full time employee of American Cyanamid Company or one of
         its subsidiaries.

                  (p) "Special Change in Control" shall have the same meaning as
         "Change in Control" except that the reference to "20%" in clause (i) of
         the definition of "Change in Control" shall be replaced with "50%".

         The masculine pronoun wherever used herein shall include the feminine
except as the context specifically indicates.

         3. Membership. All Officers shall be Plan Members. The Compensation
Committee may designate any other employee as a Plan Member. After an employee
becomes a Plan Member, his membership shall continue until his death or
Retirement, termination of his employment by the Company for Cause or
Disability, or termination of his employment by such Plan Member other than for
Good Reason.

         4. Termination of Employment. Each Plan Member shall be entitled to
receive the income continuation payments provided for in Section 5 upon
termination of his employment, unless such termination is (a) because of his
death, Disability or Retirement, (b) by the Company for Cause, or (c) by such
Plan Member other than for Good Reason; provided that, if Notice of Termination
is given prior to a Change in Control, such Plan Member shall have signed and
delivered, in form and substance satisfactory to the General Counsel, a waiver,
effectively waiving all claims against the Company (including its directors,
officers, employees and agents) arising out of such Plan Member's termination of
employment, other than claims for payment post-termination of employment under
the terms of this Plan and employee benefit and compensation plans of the
Company, such waiver to be delivered no later than the later of thirty days
following (i) the date of termination of employment or (ii) written request
therefor by the Company.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 13

         5. Income Continuation. (a) Subject to the provisions of Section 7,
upon termination of the employment pursuant to Section 4 of a Plan Member who is
an Officer or who, on the Date of Termination, has at least one year of Service,
the Company shall pay to him the sum of his annual base salary at the rate in
effect at the time Notice of Termination is given plus his Annual Bonus
(excluding Performance Stock/Cash Awards) under the I.C. Plan based on such
rate, in equal monthly installments over a period of 12 months following the
Date of Termination; provided that in the case of Notice of Termination given
after a Change in Control, the payments shall consist of three times his annual
base salary plus three times his Annual Bonus, payable over a 36 month period;
and provided further that in the case of Notice of Termination given after a
Special Change in Control, the payments shall consist of three times his annual
base salary plus three times his Annual Bonus, payable in a single lump sum
payment at the time of the Notice of Termination. As used in this Section 5,
"Annual Bonus" means the greater of (i) the annual target bonus under the I.C.
Plan attributable to the Plan Member or (ii) said annual target bonus times a
fraction equivalent to the average percentage of said annual target bonus paid
to said Plan Member for each of the two preceding fiscal years of the Company
(or for such lesser period of time as such Plan Member participated in the I.C.
Plan).

         (b) Subject to the provisions of Section 7, upon termination of the
employment pursuant to Section 4 of any other Plan Member, the Company shall pay
to him the sum of his annual base salary at the rate in effect at the time
Notice of Termination is given plus his Annual Bonus (excluding Performance
Stock/Cash Awards) under the I.C. Plan based on such rate, in equal monthly
installments over a period of 12 months following the Date of Termination;
provided that in the case of Notice of Termination given after a Special Change
in Control, the payments shall be payable in a single lump sum payment at the
time of the Notice of Termination.

         (c) Except for the lump sum payments, which shall be paid immediately
as provided above, all payments under paragraphs (a) and (b) shall be made on
the first day of each month commencing with the first day of the first month
after the Date of Termination. Notwithstanding the foregoing, (i) no payment
shall be made with respect to any period beyond the date of a Plan Member's 65th
birthday, and (ii) there shall be deducted from any payments required hereunder
(x) any payments made with respect to any required notice period under any
employment agreement between a Plan Member and the Company or one of its
subsidiaries and (y) any payments received by the Plan Member under the
Company's Long Term Disability Plan or under any short term disability plan or
program of the Company during the period with respect to which income
continuation is computed hereunder.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 14

         6. Other Payments. Subject to the provisions of Section 7, upon
termination of the employment of a Plan Member pursuant to Section 4, the
Company shall, in addition to the payments provided for in Section 5, pay to
him:

                  (a) all relocation payments described in Section 2(h)(F) and
         all legal fees and expenses incurred by him as a result of such
         termination (including all such fees and expenses, if any, incurred in
         contesting or disputing any such termination or in seeking to obtain or
         enforce any right or benefit provided by this Plan or in connection
         with any tax audit or proceeding to the extent attributable to the
         application of Section 4999 of the Internal Revenue Code of 1986, as
         amended, to any payment or benefit provided hereunder); and

                  (b) during the period of two years following the Date of
         Termination, all reasonable expenses incurred by him in seeking
         comparable employment with another employer to the extent not otherwise
         reimbursed to him, including, without limitation, the fees and expenses
         of a reputable out placement organization, and reasonable travel,
         telephone and office expenses.

         7. Competitive Employment. The Company, at its option, may discontinue
any payments being made to any Plan Member pursuant to Section 5 or Section 6 if
such Plan Member engages in the operation or management of any business anywhere
in the world, whether as owner, stockholder, partner, officer, consultant,
employee or otherwise, which at such time is in competition with any business of
the Company in any field with which such Plan Member was involved during the
last two years of his employment by the Company. Ownership by such Plan Member
of five percent or less of the shares of stock of any company listed on a
national securities exchange or having at least 100 stockholders shall not make
such Plan Member a "stockholder" within the meaning of that term as used in this
Section.

         8. Maintenance of Other Benefit Plans. The Company shall maintain in
full force and effect, for the continued benefit of each Plan Member entitled to
receive payments pursuant to Section 5, for two years following his Date of
Termination, all employee benefit plans and programs or arrangements (including
Comprehensive Medical and Dental Insurance, Group Life Insurance, and Financial
Planning and Tax Preparation and Counseling Services, but not including
disability) in which he was entitled to participate at the time the Notice of
Termination was given, provided that if his continued participation is not
permitted under the general terms and provisions of such plans and programs, the
Company shall provide equivalent benefits.

         9. No Mitigation. No Plan Member shall be required to mitigate the
amount of any payment provided for under this Plan by seeking other employment
or otherwise, nor shall the amount of any payment so provided for be reduced by
any compensation earned by any Plan Member as the result of employment by
another employer, by retirement benefits or by offset against any amount claimed
to be owed by him to the Company.

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 15

         10. Successors. The Company will require any successor (whether direct
or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and assets of the Company, by a written
agreement, to expressly assume and agree to carry out the provisions of this
Plan in the same manner and to the same extent that the Company would be
required to carry them out if no such succession had occurred.

         11. Notice. Any notice expressly provided for under this Plan shall be
in writing, shall be given either manually or by mail, telegram, telex, telefax
or cable, and shall be deemed sufficiently given, if and when received by the
Company at its offices at 5 Garret Mountain Plaza, West Paterson, New Jersey
07424 Attention: Secretary, or by any Plan Member at his address on the records
of the Company, or if an when mailed by registered mail, postage prepaid, return
receipt requested, addressed to the Company or the Plan Member to be notified at
such address. Either the Company or any Plan Member may, by notice to the other,
change its address for receiving notices.

         12. Funding. All payments provided for under this Plan for Plan Members
(including those who have retired) shall not be funded or secured, and no trust
shall be created hereunder. Payments under the Plan shall become fully vested
and nonforfeitable upon the termination of a Plan Member's employment except for
termination where a Plan Member would not be entitled to income continuation
payments as provided in Section 4 and except as provided in Section 7.

         13. Amendment and Termination. The Board of Directors may at any time
or from time to time amend or terminate this Plan; provided, however, that no
such amendment or termination may adversely affect any vested benefits
hereunder; and, provided further, that after a Change in Control, this Plan may
not be amended or terminated without the consent of all persons who were Plan
Members as of the date of such Change in Control (including those who have
retired).

         In addition, no amendment or termination made within one year before a
Change in Control and made while a Prospective Change in Control is pending may
adversely affect any benefit that might at any time be or become owing hereunder
to a person who, immediately prior to the commencement of such Prospective
Change in Control, was a Plan Member, without the consent of such person (other
than a benefit to any such person who is the person, or part of the group,
making the offer, or negotiating to make the offer, which constitutes the
Prospective Change in Control).

         As used herein, the term "Prospective Change in Control" means (i) any
offer presented, directly or indirectly, to the Board of Directors of the
Company which, if consummated, would constitute a Change in Control or (ii) any
negotiation with the Board of Directors or any committee or representative
thereof to make such an offer (including the unilateral announcement of the
terms on which such an offer would be made).

<PAGE>
Mr. Joseph E. Marosits
April 2, 2008
Page 16

         14. Governing Law. This Plan, and the rights and obligations of the
Company and the Plan Members hereunder, shall be construed and governed in
accordance with the law of the State of New Jersey.

         15. Partial Invalidity. If any provision of this Plan is determined to
be invalid or unenforceable, such invalidity or unenforceability shall not
affect the remaining provisions of this Plan, which shall remain in effect in
accordance with its terms.Exhibit 10.1
    

    
                                                            EMPLOYMENT
      AGREEMENT
    

    
      This Employment Agreement (“Agreement”) is made as of July 29,  2008, by
      and between Mace Security International, Inc., a Delaware corporation
      (“Company”), and Dennis  Raefield, an individual (“Employee”).
    

    
                                                                  RECITALS
    

    
      The Company conducts diversified businesses, including, without
      limitation, electronic and personal security device marketing, digital
      media marketing and car washes (“Business”).  The Company desires to
      hire Employee as its Chief Executive Officer and President and the
      Employee desires to be hired as the Company’s Chief Executive Officer
      and President.
    

    
      Employee will be employed by Company in a confidential relationship
      wherein Employee, in the course of employment with Company, will become
      familiar with and aware of information as to the specific manner of
      doing business and the customers of Company and its affiliates and the
      Company’s future plans.  Certain of the information Employee will have
      knowledge of is trade secrets and constitutes valuable goodwill of
      Company.  Employee recognizes that the business of Company is dependent
      upon a number of trade secrets and confidential business information,
      including customer lists and customer data.  The protection of these
      trade secrets is of critical importance to Company.  Company will
      sustain great loss and damage if, for whatever reason, Employee should
      violate the provisions of paragraph 4 of this Agreement.  Further,
      Employee acknowledges that any such violation would cause irreparable
      harm to Company and that Company would be entitled, without limitation,
      to injunctive relief to remedy such violation.
    

    
      NOW, THEREFORE, in consideration of the mutual promises, terms
      and conditions set forth herein and the performance of each, the parties
      hereby agree as follows:
    

    
                1.  Services.
    

    
      (a)  Company hereby employs Employee as its Chief Executive Officer and
      President, and the material duties of Employee may not be changed
      without the Employee’s consent.  The material duties of Employee shall
      be to supervise the Company’s employees and to be in over all charge of
      the Business.  Employee shall report to the Company’s Board of Directors
      and shall follow the directives and instructions of the Board of
      Directors; provided, the instructions would not cause Employee to
      violate any laws, are consistent with the usual and customary duties of
      Chief Executive Officer and President, and are not inconsistent with
      this Agreement.
    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    
      (b)  The Nominating Committee of the Board of Directors shall nominate
      Employee for election as a director of the Company at each of the
      Company’s Annual Shareholder Meetings held during the Term.
    

    
      (c)  The Employee shall not be required to perform his duties from any
      specific Company office or facility.  Employee shall work from and
      inspect all of the Company’s offices and facilities, from time to time,
      on a regular basis.         
    

    
      (d)  Employee hereby accepts employment upon the terms and conditions
      contained in this Agreement.  Employee shall faithfully adhere to,
      execute and fulfill all directions and policies established by the Board
      of Directors of the Company; provided that such directions and policies
      would not result in the violation of any laws and are not inconsistent
      with this Agreement.
    

    
      (e)    Employee’s employment shall be for a full time
      position.  Employee shall not, during the term of his employment,
      without the prior written consent of Company, be engaged in any other
      business activity pursued for gain, profit or other pecuniary advantage;
      however, Employee may serve as a director of corporations that do not
      compete with the Company and may engage in minor and incidental
      activities for gain, profit or pecuniary advantage.  Employee may make
      personal investments in any form or manner, regardless of whether
      Employee provides services in the operation or affairs of the companies
      or enterprises in which such investments are made; provided that
      Employee does not violate the terms of Paragraph 4 of this
      Agreement.  Employee shall devote a minimum of forty hours per week to
      Employee’s duties to the Company.
    

    
      (f)  Employee shall receive four (4) weeks of paid vacation annually
      during the Term.
    

    
      2.  Compensation.
    

    
      (a)  For all services to be rendered by Employee to Company, Company
      shall pay Employee an initial base annual salary computed and earned
      ratably over twelve months at the rate of Three  Hundred Seventy Five
      Thousand Dollars ($375,000) per year, commencing on the date hereof,
      payable in accordance with Company’s normal payroll procedures.  As a
      one time incentive to execute this Agreement, Employee shall be paid
      Fifty Thousand Dollars ($50,000) within five days of the Agreement’s
      execution by both parties.  The Company will reimburse Employee his
      legal expenses incurred to have this Agreement reviewed by Employee’s
      legal counsel, up to a maximum amount of Five Thousand Dollars ($5,000).
    

    
      (b)  Employee and the Company agree that they shall within forty five
      (45) days from the date of this Agreement, develop a mutually acceptable
      annual bonus plan for the Employee.  The bonus plan shall be designed to
      provide profitability targets for the Company, that if achieved will
      allow the Employee to earn annual bonuses of between thirty percent
      (30%) to fifty percent (50%) of his base salary.  If any bonus is paid
      under the annual bonus plan, and the Company thereafter restates its
      financial statements such that the bonus or a portion thereof would not
      have been earned based on the restated financial statements, Employee
      shall be obligated to repay to the Company the bonus he received or
      portion thereof.   Employee shall repay the bonus or portion thereof
      within twenty days of the date that the restated financial statements
      were filed with the Securities Exchange Commission.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      (c)  To the extent that Company, from time to time in its sole
      discretion, offers or provides any of the following to its employees,
      Employee, on an equal basis with such other employees, shall be entitled
      to:  (i) participation in all, if any, life, health, medical, hospital,
      accident and disability insurance programs of Company in existence for
      the benefit of its employees and for which Employee qualifies; (ii)
      participation in all, if any, pension, retirement, profit sharing or
      stock purchase plans for which Employee qualifies; and (iii)
      participation in any other employee benefits which Company accords to
      its employees and for which Employee qualifies.  The Company shall with
      Employee’s participation devise a benefits package for its executive
      employees.  The Employee shall be entitled to the executive employee
      benefit package, when it is implemented by the Company.
    

    
      (d)  During the Term, Employee shall be entitled to reimbursement for
      business expenses incurred in connection with his duties hereunder,
      including, gasoline, reasonable travel, and entertainment.  The Company
      shall lease and maintain an automobile selected by Employee for
      Employee’s sole use, at a monthly lease payment of no greater than eight
      hundred dollars ($800.00).
    

    
      (e) On the date that is within two business days after this Agreement is
      executed by all parties to it, Employee shall be awarded an option grant
      exercisable into Two Hundred Fifty Thousand shares of the Corporation’s
      common stock (“First Option Grant”).  On the date that is within two
      business days before the one year anniversary date of that this
      Agreement is executed by both parties, Employee shall be awarded an
      option grant exercisable into Two Hundred Fifty Thousand shares of the
      Corporation’s common stock (“Second Option Grant”).  The First Option
      Grant shall vest upon issuance.  The Second Option Grant shall vest over
      two years with the first one hundred twenty five thousand (125,000)
      option shares vesting twelve months from the date of grant and the last
      one hundred twenty five thousand (125,000) option shares vesting twenty
      four months from the date of grant.  The First Option Grant and Second
      Option Grant (“Option Grants”) shall be granted under the Corporation’s
      Stock Option Plan at an exercise price equal to the close of market on
      the date of grant.  The Option Grants shall be a ten year
      options.    Notwithstanding the vesting schedule, the Option Grants
      shall completely vest on the resignation of Employee pursuant to
      Paragraph 7(b), and the occurrence of a Change of Control Event, as
      defined in Paragraph 2(f) below.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      (f)  For purpose of this Agreement a “Change of Control Event” shall
      have occurred upon any of items (i) through (iii) having taken
      place.  Items (i) through (iii) are as follows:
    

    
      (i) the acquisition in one or more transactions by any “Person”,
      excepting Employee, as the term “Person” is used for purposes of
      Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as
      amended (the “1934 Act”), of  “Beneficial Ownership” (as the term
      beneficial ownership is used for purposes or Rule 13d-3 promulgated
      under the 1934 Act) of the fifty percent (50%) or more of the combined
      voting power of the Company’s then outstanding voting securities (the
      “Voting Securities”).  For purposes of this Paragraph 2(f)(i), Voting
      Securities acquired directly from the Company and from third parties by
      any Person shall be included in the determination of such Person’s
      Beneficial Ownership of Voting Securities.
    

    
      (ii) the consummation of: (A) a merger, reorganization or consolidation
      involving the Company, if the shareholders of the Company immediately
      before such merger, reorganization or consolidation do not or will not
      own directly or indirectly immediately following such merger,
      reorganization or consolidation, more than fifty percent (50%) of the
      combined voting power of the outstanding Voting Securities of the
      corporation resulting from or surviving such merger, reorganization or
      consolidation in substantially the same proportion as their ownership of
      the Voting Securities immediately before such merger, reorganization or
      consolidation, or (B) a liquidation or dissolution of the Company, or
      (C) a sale or other disposition of 50% or more of the assets of the
      Company and a distribution of the proceeds of the sale to the
      shareholders.
    

    
      (iii) the acceptance by shareholders of the Company of shares in a share
      exchange, if the shareholders of the Company immediately before such
      share exchange do not or will not own directly or indirectly following
      such share exchange more than fifty percent  (50%) of  the combined
      voting power of the outstanding Voting Securities of the
      corporation  resulting from or surviving such share exchange in
      substantially the same proportion as the ownership of the Voting
      Securities outstanding immediately before such share exchange.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      3.  Term.  The initial term of Employee’s employment
      with the Company shall commence on August 18, 2008 and shall continue
      for three years, unless sooner terminated in accordance with the
      provisions of this Agreement (“Term”).  After expiration of the Term,
      Employee’s employment shall continue thereafter on an at-will
      month-to-month basis, until terminated by either party to the
      Agreement.  During the month-to-month period the provisions of this
      Agreement shall no longer apply, except for the provisions of Paragraphs
      4, 15, and 16 which survive the Term.  During the at-will month-to month
      period, Employee shall continue to be paid the Employee’s then current
      annual base salary under the provisions of Paragraph 2(a), benefits
      under Paragraph 2(c) and the business expenses and car allowance under
      Paragraph 2(d).
    

    
      4.  Noncompetition Covenants.
    

    
      (a)  Employee agrees that the noncompetition covenants contained in this
      Paragraph 4 are a material and substantial part of this Agreement.
    

    
      (b)  Employee covenants that during Employee’s employment with Company
      and for one year following the termination of Employee’s employment
      (regardless of the reason for the termination), the Employee shall not,
      directly or indirectly, without the prior express written consent of
      Company, do any of the things set forth in item (i) through (v) below :
    

    
      (i)  engage, as an officer, director, shareholder, owner, partner, joint
      venturer, agent, or in a managerial capacity, whether as an employee,
      independent contractor, consultant, advisor or sales representative, in
      the Business within the United States of America (the “”Territory”), or
      promote or assist, financially or otherwise, any person, firm,
      partnership, corporation or other entity that engages in the Business
      within the Territory;
    

    
      (ii)  call upon any person who is, at the time of the contact, an
      employee of Company or its affiliates, if the purpose and intent of the
      contact is to entice such employee away from or out of the employ of
      Company or its affiliates;
    

    
      (iii)  call upon any person or entity which is, at the time of the
      contact, a customer of the Company or its affiliates for the purpose of
      soliciting or selling any of the items or services which are the items
      or services offered by the Company or its affiliates;
    

    
      (iv)  disclose the identity of the customers of Company or its
      affiliates, whether in existence or proposed, to any person, firm,
      partnership, corporation or other entity whatsoever, for any reason or
      purpose whatsoever; or
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

    
      (v)  promote or assist, financially or otherwise, any person, firm,
      partnership, corporation or other entity whatsoever to do any of the
      things set forth in items (i) through (iv) above.
    

    
                For the purposes of this Agreement, the term “affiliates”
      shall mean one or more of: (A) each subsidiary of Company, and (B) each
      other entity under the direct or indirect control of the
      Company.  Notwithstanding 4(b)(i) above, Employee is allowed to acquire
      and own  for investment not more than five percent (5%) of the capital
      stock of a competing business, the stock of which is traded on a
      national securities exchange, electronic quotation system or
      over-the-counter.
    

    
      (c)  The Company will sustain significant losses and damages, if
      Employee breaches the covenants in this Paragraph 4.  There is no
      adequate monetary remedy for the immediate and irreparable damage that
      would be caused to Company by Employee’s breach of its non-competition
      covenants.  Employee agrees that, in the event of a breach by him of the
      foregoing covenants, such covenants may be enforced by Company by,
      without limitation, injunctions and restraining orders.
    

    
      (d)   If Employee is employed as Chief Executive Officer of the Company
      through the end of the initial three year Term of this Agreement, and
      within sixty days after the end of the initial three year Term, the
      Employee is then discharged by the Company or Employee resigns as Chief
      Executive Officer of the Company, the Company shall pay Employee, in
      exchange for the obligation not to compete as set forth in this
      Paragraph 4, the sum of Three Hundred Seventy Five Thousand Dollars
      ($375,000), payable in twelve equal monthly installments.  The twelve
      installment shall be payable on or before the last day of each month,
      commencing with the month of discharge or resignation.
    

    
      (e)  It is agreed by the parties that the covenants in this Paragraph 4
      impose a reasonable restraint on Employee in light of the activities and
      business of Company on the date of the execution of this Agreement and
      the future plans of Company.
    

    
      (f)  The covenants in this Paragraph 4 are severable and separate, and
      the unenforceability of any specific covenant shall not affect the
      provisions of any other covenant.  If any court of competent
      jurisdiction shall determine that the scope, territorial restriction or
      time restriction set forth are unreasonable, then it is the intention of
      the parties that such restrictions be enforced to the fullest extent
      which the court deems reasonable, and the Agreement shall thereby be
      reformed.
    

    
      
        

        

      

      
        
          6
        

        
          

        

      

      
        

        

      

    

    
      (g)  The covenants in this Paragraph 4 shall be construed as independent
      of any other provision of this Agreement and the existence of any claim
      or cause of action of Employee against Company whether predicated on
      this Agreement, or otherwise, shall not constitute a defense to the
      enforcement by Company of such covenants.  It is specifically agreed
      that the duration of the noncompetition covenants stated above shall be
      computed by excluding from such computation all time during which
      Employee is in violation of any provision of this Paragraph 4 and all
      time during which there is pending in any court of competent
      jurisdiction any action (including any appeal from any judgment) brought
      by any person, whether or not a party to this Agreement, in which action
      Company seeks to enforce the agreements and covenants of Employee or in
      which any person contests the validity of such agreements and covenants
      or their enforceability or seeks to avoid their performance or
      enforcement.  Provided that, no such exclusion shall include the period
      of time within which Employee has ceased violating this paragraph,
      whether or not as a result of being in compliance with Court injunction
      or doing so voluntarily, and whether or not any action is pending
      against Employee, and provided that no such exclusion shall include the
      time an action is pending, if the action is finally determined in
      Employee’s favor.
    

    
      5.  Confidential Information.  It is expressly
      acknowledged by the Employee that customer lists, orders, current and
      closed out orders, prospect lists, documents containing the names or
      addresses of existing or potential customers, information regarding the
      Company’s financial condition or business plans, the methods by which
      the Company serves its customers or conducts its operations, as well as
      other business procedures, are the property of the Company and
      constitute confidential information or trade secrets of the Company
      (“Confidential Information”).  Employee agrees to maintain the
      confidentiality of the Confidential Information and further agrees that
      Employee will not, directly or indirectly, use or disclose Confidential
      Information to any natural or legal person, other than authorized
      employees or agents of the Company, during the Term or thereafter.  All
      Confidential Information and all correspondence, reports, charts,
      products, records, designs, patents, plans, manuals, “field guides”,
      memoranda, advertising materials, lists and other data or property
      collected by or delivered to Employee by or on behalf of Company, its
      representatives, customers and government entities (including, without
      limitation, customers obtained for Company by Employee), and all other
      materials compiled by Employee which pertain to the business of Company
      shall be and shall remain the property of Company, shall be subject at
      all times to its discretion and control and shall be delivered, together
      with any and all copies thereof, promptly to Company upon request at any
      time and without request upon completion or other termination of
      Employee’s employment hereunder.
    

    
      
        

        

      

      
        
          7
        

        
          

        

      

      
        

        

      

    

    
      6.  Inventions.  Employee shall disclose promptly to
      Company any and all conceptions and ideas for inventions, improvements,
      and valuable discoveries, whether patentable or not, which are conceived
      or made by Employee solely or jointly with another during the period of
      employment and which are related to the business or activities of
      Company.  Employee hereby assigns and agrees to assign all his interests
      therein to Company or its nominee.  Whenever requested to do so by
      Company, Employee shall execute any and all applications, assignments or
      other instruments that Company shall deem necessary to apply for and
      obtain Letters Patent of the United States or any foreign country or to
      otherwise protect Company’s interest therein. These obligations shall
      continue beyond the termination of employment with respect to
      inventions, improvements and valuable discoveries, whether patentable or
      not, conceived, made or acquired by Employee during the period of
      employment, and shall be binding upon Employee’s heirs, assigns,
      executors, administrators and other legal representatives.
    

    
      7.  Termination; Rights of Termination.
    

    
      (a)   Employee’s employment under this Agreement may be terminated
      during the Term in any one or more of the following ways:
    

    
                (i) Employee shall be terminated automatically upon the death
      or resignation of Employee. The parties agree that Employee may resign
      as Chief Executive Officer and President, at any time without such
      resignation constituting a breach of this Agreement.
    

    
                (ii) Employee may be terminated by the Company upon Employee’s
      inability to perform his duties under this Agreement because of illness
      or physical or mental disability or other incapacity which continues for
      a period of 120 days consecutively during any one-year period.
    

    
                 (iii) Employee may be terminated by the Company upon written
      notice to the Employee any time upon the payment of a lump sum cash
      payment equal to two (2) times the Employee’s then current annual base
      salary.
    

    
      (iv) Employee may be terminated by the Company for Cause, as hereafter
      defined, upon fifteen (15) day advance written notice to Employee.
      Cause, is hereby defined as: (a) Employee committing against the Company
      fraud, gross misrepresentation, theft or embezzlement, (b) Employee’s
      conviction of any felony (excluding felonies involving driving a
      vehicle), (c) Employee’s material intentional violations of Company
      policies, or (d) a material breach of the provisions of this Agreement,
      including specifically the failure of Employee to perform his duties
      after written notice of such failure from the Company.
    

    
      
        

        

      

      
        
          8
        

        
          

        

      

      
        

        

      

    

    
      (b)  On a breach or default of this Agreement on the part of the
      Company, including, without limitation, changing the Employee’s duties,
      the Employee is entitled to resign his employment and the Company shall
      immediately pay to the Employee, an amount equal to two (2) times the
      Employee’s then annual base salary.
    

    
      (c)  Upon termination of Employee’s employment for any reason, Employee
      shall be entitled to receive Employee’s salary and any bonus due and
      payable for any period through the date of termination, plus any
      employee benefits which by their terms and provisions continue after
      such termination, plus any payment owed by the Company at the time of
      termination or resignation under the provisions of Paragraph 7(a)(iii)
      or 7(b).  Upon termination of this Agreement under 7(a)(iii) or 7(b),
      the Company shall also reimburse the Employee the monthly cost incurred
      by Employee due to Employee electing COBRA benefits with the Company;
      such reimbursement shall end eighteen months from the date of
      termination.
    

    
                (d)  In the event of termination of Employee’s employment
      under this Agreement for any reason, all rights and obligations of
      Company and Employee under this Agreement shall cease immediately,
      except that the provisions of Paragraphs 4, 5, 6, 7, 15 and 16 herein
      shall survive such termination.  After such termination Employee shall
      have no right to receive any compensation or payment hereunder, except
      as set forth in this Paragraph 7.
    

    
      8.  Complete Agreement.  This Agreement is the final,
      complete and exclusive statement and expression of the agreement between
      Company and employee, it being understood that there are no oral
      representations, understandings or agreements covering the same subject
      matter as this Agreement.  This Agreement supersedes, and cannot be
      varied, contradicted or supplemented by evidence of any prior or
      contemporaneous discussions, correspondence, or oral or written
      agreements of any kind.  This Agreement may be modified, altered or
      otherwise amended only by a written instrument executed by both Company
      and Employee.
    

    
      9.  No Waiver; Remedies Cumulative.  No waiver by the
      parties hereto of any default or breach of any term, condition or
      covenant of this Agreement shall be deemed to be a waiver of any
      subsequent default or breach of the same or any other term, condition or
      covenant contained herein.  No right, remedy or election given by any
      term of this Agreement shall be deemed exclusive but each shall be
      cumulative with all other rights, remedies and elections available at
      law or in equity.
    

    
      
        

        

      

      
        
          9
        

        
          

        

      

      
        

        

      

    

    
      10.  Assignment; Binding Effect.  Employee understands
      that Employee has been selected by Company on the basis of Employee’s
      personal qualifications, experience and skills.  Employee agrees,
      therefore, that he cannot assign all or any portion of this
      Agreement.  This Agreement shall be binding upon and inure to the
      benefit of the parties hereto and Company’s successors and assigns.  It
      is further understood and agreed that Company may be merged or
      consolidated with another entity and that any such entity shall
      automatically succeed to the rights, powers and duties of Company
      hereunder.
    

    
      11.  Notice.  All notices or other communications
      required or permitted hereunder shall be in writing and may be given by
      depositing the same in the United States mail, addressed to the party to
      be notified, postage prepaid and registered or certified with return
      receipt requested, by overnight courier or by delivering the same in
      person to such party.
    

    

    

    
    	
          To Company:
        	
          General Counsel
        
	

        	
          240 Gibraltar Road, Suite 220
        
	

        	
          Horsham, Pennsylvania 19044
        
	
           
        
	
          To Employee:
        	
          Dennis Raefield
        
	

        	
          1599 Hillgrade Avenue
        
	

        	
          Alamo, California 84507
        

    

    
      Notice shall be deemed given and effective the day personally delivered,
      the day after being sent by overnight courier and three days after the
      deposit in the U. S. mail of a writing addressed as above and sent first
      class mail, certified, return receipt requested, or when actually
      received, if earlier.  Either party may change the address for notice by
      notifying the other party of such change in accordance with this
      paragraph 11.
    

    
      12.  Severability; Headings.  If any portion of this
      Agreement is held invalid or inoperative, the other portions of this
      Agreement shall be deemed valid and operative and, so far as is
      reasonable and possible, effect shall be given to the intent manifested
      by the portion held invalid or inoperative.  The paragraph headings
      herein are for reference purposes only and are not intended in any way
      to describe, interpret, define or limit the extent or intent of this
      Agreement or of any part hereof.
    

    
      13.  Gender.  The use of the masculine pronoun in this
      Agreement has been used for convenience and shall apply to the
      Employee.    
    

    
      14.  Governing Law.  This Agreement shall in all
      respects be construed in accordance with the laws of the State of
      Delaware.
    

    
      
        

        

      

      
        
          10
        

        
          

        

      

      
        

        

      

    

    
      15.  Insurance and Indemnification.
    

    
      (a)  Subject to applicable law, for a period of six (6) years following
      completion of the Term, the Company will: (i) indemnify Employee and his
      heirs and representatives to the greatest extent permitted in the
      Company’s By-Laws in effect on the date of this Agreement and will not
      amend, reduce or limit rights of indemnity afforded to them or the
      ability of the Company to indemnify them, nor hinder, delay or make more
      difficult the exercise of such rights of indemnity and (ii) maintain
      director and officer liability insurance coverage providing Employee
      with coverage (1) at least as favorable as the policies in effect
      immediately prior to the date hereof covering the Company’s directors
      and officers or (2) as favorable as is available at a cost to the
      Company of up to 125% of the premiums currently being paid by the
      Company.  The Company’s By-Law provision regarding indemnification, in
      effect on the date of this Agreement is attached as Exhibit “A” to this
      Agreement.
    

    
                (b)  If any claim is (or claims are) made against Employee and
      his heirs and representatives, including legal counsel, arising from
      Employee’s services as a director, officer or employee of the Company,
      within six (6) years from the expiration of the Term, the provisions of
      this Paragraph 15 respecting the Company’s By-Laws shall continue in
      effect until the final disposition of all such claims.
    

    
      (c)  The Company agrees to provide written notice to Employee
      immediately upon learning of any claim or threatened claim against
      Employee by any third party relating to or arising out of the business
      of the Company or Employee’s prior service as a director, officer,
      employee or controlling shareholder of the Company.  The Company further
      agrees to provide to Employee any complaints and other relevant
      documentation related to such claims immediately upon receipt of such
      documentation.
    

    
      (d)   Employee agrees that he will cooperate with and assist the
      Company, as is reasonably requested by the Company, in its defense of
      any action or proceeding against the Company, its directors, officers,
      employees or affiliates arising out of or in any way related to any
      transactions, events or other matters which occurred during the period
      of his employment with the Company, to the extent that such cooperation
      and assistance will not impair Employee’s legal rights or remedies or
      increase the likelihood that Employee will incur any liabilities as a
      result thereof.  This Agreement shall not preclude Employee from
      testifying in such action or proceeding.  In the event that Employee
      does cooperate with and assist the Company in its defenses of such an
      action or proceeding, the Company agrees to reimburse Employee for all
      reasonable expenses incurred by Employee in providing such assistance.
    

    
      
        

        

      

      
        
          11
        

        
          

        

      

      
        

        

      

    

    
      16.  Arbitration.
    

    
                (a)  Each and every controversy or claim arising out of or
      relating to this Agreement shall be settled by arbitration in San
      Francisco, California, in accordance with the Employment Arbitration
      Rules (the “Rules”) of the American Arbitration Association then in
      effect, and judgment upon the award rendered in such arbitration shall
      be final and binding upon the parties and may be confirmed in any court
      having jurisdiction thereof.  Notwithstanding the foregoing, this
      Agreement to arbitrate shall not bar any party from seeking temporary or
      provisional remedies in any Court having jurisdiction.  Notice of the
      demand for arbitration shall be filed in writing with the other party to
      this Agreement, which such demand shall set forth in the same degree of
      particularity as required for complaints under the Federal Rules of
      Civil Procedure the claims to be submitted to
      arbitration.  Additionally, the demand for arbitration shall be stated
      with reasonable particularity with respect to such demand with documents
      attached as appropriate.  In no event shall the demand for arbitration
      be made after the date when institution of legal or equitable
      proceedings based on such claim, dispute or other matter in question
      would be barred by the applicable statutes of limitations.
    

    
      (b)  The arbitrators shall have the authority and jurisdiction to
      determine their own jurisdiction and enter any preliminary awards that
      would aid and assist the conduct of the arbitration or preserve the
      parties’ rights with respect to the arbitration as the arbitrators shall
      deem appropriate in their discretion.  The award of the arbitrators
      shall be in writing and it shall specify in detail the issues submitted
      to arbitration and the award of the arbitrators with respect to each of
      the issues so submitted.
    

    
      (c)  Within sixty (60) days after the commencement of any arbitration
      proceeding under this Agreement, each party shall file with the
      arbitrators its contemplated discovery plan outlining the desired
      documents to be produced, the depositions to be take, if ordered by the
      arbitrators in accordance with the Rules, and any other discovery action
      sought in the arbitration proceeding.  After a preliminary hearing, the
      arbitrators shall fix the scope and content of each party’s discovery
      plan as the arbitrators deem appropriate.  The arbitrators shall have
      the authority to modify, amend or change the discovery plans of the
      parties upon application by either party, if good cause appears for
      doing so.
    

    
      
        

        

      

      
        
          12
        

        
          

        

      

      
        

        

      

    

    
      (d)  The award pursuant to such arbitration will be final, binding and
      conclusive.
    

    
      (e) Counsel to Company and Employee in connection with the negotiation
      of and consummation of this Agreement shall be entitled to represent
      their respective party in any and all proceedings under this Paragraph
      or in any other proceeding (collectively, “Proceedings”).  Company and
      Employee, respectively, waive the right and agree they shall not seek to
      disqualify any such counsel in any such Proceedings for any reason,
      including but not limited to the fact that such counsel or any member
      thereof may be a witness in any such Proceedings or possess or have
      learned of information of a confidential or financial nature of the
      party whose interests are adverse to the party represented by such
      counsel in any such Proceedings.
    

    
      IN WITNESS WHEREOF, the undersigned parties have executed this
      Agreement on the year and day above written.
    

    
    	
           
        	
          MACE SECURITY INTERNATIONAL, INC.
        
	

        	
           
        
	

        	
          
            By: /s/ John C. Mallon
          

        
	

        	
          John C. Mallon, Chairman of the Board
        
	

        	
           
        
	

        	
          
            /s/Dennis Raefield
          

        
	

        	
          
            Dennis Raefield
          

        

    

    

    

    
      
        

        

      

      
        
          13
        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT A
    

    
      INDEMNIFICATION OF DIRECTORS AND OFFICERS
    

    
      Section 6.01.  Indemnification.  Each person who was or
      is made a party or is threatened to be made a party or is involved in
      any action, suit or proceeding, whether civil, criminal, administrative
      or investigative (hereinafter a AproceedingAbout Equals), by reason of
      the fact that he or she, or a person of whom he or she is the legal
      representative, is or was a director or officer, of the Corporation or
      is or was serving at the request of the Corporation as a director or
      officer (or person performing similar function), employee or agent of
      another corporation or of a partnership, joint venture, trust or other
      enterprise, including service with respect to employee benefit plans,
      whether the basis of such proceeding is alleged action in an official
      capacity as a director, officer, employee or agent or in any other
      capacity while serving as a director, officer, employee or agent, shall
      be indemnified and held harmless by the Corporation to the fullest
      extent authorized by the Delaware General Corporation Law, as the same
      exists or may hereafter be amended (but, in the case of any such
      amendment, only to the extent that such amendment permits the
      Corporation to provide broader indemnification rights than said law
      permitted the Corporation to provide prior to such amendment), against
      all expense, liability and loss (including attorney=s fees, judgments,
      fines, ERISA excise taxes or penalties and amounts paid or to be paid in
      settlement) reasonably incurred or suffered by such person in connection
      therewith and such indemnification shall continue as to a person who has
      ceased to be a director, officer, employee or agent and shall inure to
      the benefit of his or her heirs, executors and administrators: provided,
      however, that except as provided in paragraph (b) hereof, the
      Corporation shall indemnify any such person seeking indemnification in
      connection with a proceeding (or part thereof) initiated by such person
      only if such proceeding (or part thereof) was authorized by the Board of
      Directors of the Corporation.
    

    
      Section 6.02.  Advances.  The right to indemnification
      conferred by this Article 6 shall include the right to be paid by the
      Corporation the expenses incurred in defending any such proceeding in
      advance of its final disposition, including, without limitation,
      attorney=s fees, expert fees and all costs of litigation.  Subject to
      the tender to the Corporation of any undertaking then required under the
      Delaware General Corporation law with respect to the repayment amounts
      of amounts advanced, any such expenses, including, without limitation,
      attorney=s fees, expert fees, and all costs of litigation, shall be paid
      automatically and promptly upon tender by the director, officer, or
      employee, as applicable, of a demand therefor.
    

    
      Section 6.03.  Procedure. If a claim under this Article
      6 is not paid in full by the Corporation within thirty days after a
      written claim has been received by the Corporation, the claimant may at
      any time thereafter bring suit against the Corporation to recover the
      unpaid amount of the claim, and if successful in whole or in part, the
      claimant shall be entitled to be paid also the expense of prosecuting
      such claim.  It shall be a defense to any such action (other than an
      action brought to enforce a claim for expenses incurred in defending any
      proceeding in advance of its final disposition where the required
      undertaking, if any is required, has been tendered to the Corporation)
      that the claimant has not met the standards of conduct which make it
      permissible under the Delaware General Corporation Law for the
      Corporation to indemnify the claimant for the amount claimed, but the
      burden of proving such defense shall be on the Corporation.  Neither the
      failure of the Corporation (including its Board of Directors,
      independent legal counsel, or its stockholders) to have made a
      determination prior to the commencement of such action that
      indemnification of the claimant is proper in the circumstances because
      he or she met the applicable standard of conduct set forth in the
      Delaware General Corporation Law, nor an actual determination by the
      Corporation (including its Board of Directors, independent legal
      counsel, or its stockholders) that the claimant has not met such
      applicable standard of conduct, shall be a defense to the action or
      create a presumption that the claimant has not met the applicable
      standard of conduct.
    

    
      
        

        

      

      
        
          14
        

        
          

        

      

      
        

        

      

    

    
      Section 6.04.  Other Rights.  The indemnification and
      advancement of expenses provided by this Article 6 shall not be deemed
      exclusive of any other rights to which those seeking indemnification or
      advancement of expenses may be entitled under any insurance or other
      agreement, vote of shareholders or disinterested directors or otherwise,
      both as to actions in their official capacity and as to actions in
      another capacity while holding an office, and shall continue as to a
      person who has ceased to be a director or officer and shall inure to the
      benefit of the heirs, executors and administrators of such person.
    

    
      Section 6.05.  Insurance.  The Corporation shall have
      power to purchase and maintain insurance on behalf of any person who is
      or was a director, officer, employee or agent of the Corporation or is
      or was serving at the request of the Corporation as a director, officer,
      employee, agent, fiduciary or other representative of another
      corporation, partnership, joint venture, trust, employee benefit plan or
      other enterprise, against any liability asserted against him and
      incurred by him in any such capacity, or arising out of his status as
      such, whether or not the Corporation would have the power to indemnify
      him against such liability under the provisions of these Bylaws.
    

    
      Section 6.06.  Modification.  The duties of the
      Corporation to indemnify and to advance expenses to a director or
      officer provided in this Article 6 shall be in the nature of a contract
      between the Corporation and each such director or officer, and no
      amendment or repeal of any provision of this Article 6 shall alter, to
      the detriment of such director or officer, the right of such person to
      the advancement of expenses or indemnification related to a claim based
      on an act or failure to act which took place prior to such amendment,
      repeal or termination.
    

    

    

    
      15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]