Document:

Amendment No. 1 to Amended and Restated Credit Agreement

 EXHIBIT 10.1 
 EXECUTION COPY 
 AMENDMENT NO. 1,
TO AMENDED AND RESTATED CREDIT AGREEMENT 
 This AMENDMENT NO. 1 to AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 25, 2007 (this “Amendment”),
is entered into among JohnsonDiversey, Inc., a Delaware corporation (the “Borrower”), JohnsonDiversey Holdings, Inc., a Delaware corporation (“Holdings”), and Citicorp USA, Inc., as Administrative Agent (as defined
below) on behalf each Lender executing a Lender Consent (as defined below), and amends the Amended and Restated Credit Agreement, dated as of December 16, 2005 (as the same may be amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”), among the Borrower, Holdings, the Lenders and Issuers (in each case as defined therein) party thereto, Citicorp USA, Inc., as administrative agent for the Lenders and the Issuers (in such capacity,
and as agent for the Secured Parties under the other Loan Documents, the “Administrative Agent”), Goldman Sachs Credit Partners L.P., as Syndication Agent for the Lenders and the Issuers, and JPMorgan Chase Bank, N.A., General
Electric Capital Corporation and National City Bank as Co-Documentation Agents for the Lenders and Issuers. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

WITNESSETH: 
 WHEREAS, the
Borrower has requested that the Lenders agree to reduce the rate of interest applicable to the Term Loans; 
 WHEREAS, the Borrower has
requested that the Administrative Agent and the Requisite Lenders amend the Credit Agreement as set forth herein; 
 WHEREAS, pursuant to
Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit Agreement, the consent of each Tranche B Lender and each Delayed Draw Term Lender (collectively, the “Term Loan Lenders”) is required to effect the
amendments set forth herein; and 
 WHEREAS, the Lenders party to the attached Acknowledgement and Consent of Lenders to this Amendment (the
“Lenders’ Consent”) constituting all of the Term Loan Lenders (other than the Term Loan Lenders that are Non-Consenting Lenders) and the Requisite Lenders, and the Administrative Agent agree, subject to the limitations and
conditions set forth herein, to amend the Credit Agreement as set forth herein; and 
 NOW, THEREFORE, in
consideration of the premises and the covenants and obligations contained herein the parties hereto agree as follows: 
 Section 1. Amendments to the Credit Agreement 
 Effective as of the Amendment Effective Date (as defined below)
and subject to the satisfaction (or due waiver) of the conditions set forth in Section 2 (Conditions Precedent to the Effectiveness of this Amendment) hereof, the Credit Agreement is hereby amended as follows: 
 (a) by amending and restating clause (a) of the definition of “Applicable Margin” in Section 1.1 (Defined Terms)
thereof to read as follows: 
 (a) with respect to Tranche B Loans and Delayed Draw Term Loans maintained as (i) Base
Rate Loans, a rate equal to 1.00% per annum and (ii) Eurocurrency Rate Loans, a rate equal to 2.00% per annum and 
  

 AMENDMENT NO. 1 TO CREDIT
AGREEMENT 
  

 (b) by inserting the following new definition in Section 1.1 (Defined Terms) thereof in
alphabetical order: 
 “Repricing Prepayment” means the aggregate outstanding principal
amount of Term Loans of any Lender that is prepaid by the Borrower with the proceeds of a substantially concurrent incurrence by the Company or any of its Subsidiaries of new replacement term loans that have a yield (whether comprised of interest
rate, margins, fees that are payable to the Tranche B Lenders and/or the Delayed Draw Term Lenders and/or original issue discounts) or premiums lower than the yield or premiums, as applicable, in effect for the Term Loans immediately prior to such
prepayment; provided, however, that the prepayment of the Term Loans in connection with the refinancing of all of the Facilities resulting in the termination of this Agreement shall not be deemed a Repricing
Prepayment. For purposes of this Agreement, original issue discounts shall be equated to interest rates in a manner reasonably determined by the Administrative Agent and consistent with generally accepted financial practice, based on an assumed
four-year average life to maturity.” 
 (c) by inserting the following new clause (d) in Section 2.8 (Optional
Prepayments) thereof: 
 (d) Notwithstanding anything to the contrary contained herein, in the event any Tranche B
Lender or Delayed Draw Term Lenders receives any Repricing Prepayment for which notice was given on or prior to June 25, 2008, then each such Repricing Prepayment shall be accompanied by a prepayment premium equal to 1.00% of such Repricing
Prepayment. 
 (d) by inserting the following new clause (e) in Section 2.12 (Fees) thereof: 
 (d) Repricing Fee. In the event that, pursuant to any amendment or modification of the Credit Agreement, any
interest rate margin applicable to the Term Loans is reduced at any time after the Amendment Effective Date and prior to June 25, 2008, on the date such amendment or modification becomes effective, the Borrower shall pay to each Tranche B
Lender and each Delayed Draw Term Lender, without duplication of any amounts payable under Section 2.8(d) (Optional Prepayments) or the proviso to the first sentence of Section 11.1(c) (Amendments, Waivers,
Etc.), an amount equal to 1.00% of such Lender’s Ratable Portion of the aggregate principal amount of the Term Loans then outstanding. 
 (e) by amending and restating clause (c) of Section 11.1 (Amendments, Waivers, Etc.) thereof to read as follows: 
 (c) If, in connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”)
requiring the consent of all affected Lenders, the consent of Requisite Lenders is obtained but the consent of other Lenders 

  

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 AMENDMENT NO. 1 TO CREDIT
AGREEMENT 
  

 
whose consent is required is not obtained (any such Lender whose consent is not obtained as described in this Section 11.1 being referred to as a
“Non-Consenting Lender”), then, so long as the Lender acting as the Administrative Agent is not a Non-Consenting Lender, at the Borrower’s request, the Administrative Agent or an Eligible Assignee acceptable to the
Administrative Agent and, prior to an Event of Default that is continuing, the Borrower, shall have the right with the Administrative Agent’s consent and in the Administrative Agent’s sole discretion (but shall have no obligation) to
purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon the Administrative Agent’s request, sell and assign to the Lender acting as the Administrative Agent or such Eligible Assignee, all of the
Revolving Credit Commitments and Revolving Credit Outstandings of such Non-Consenting Lender if such Non-Consenting Lender is a Revolving Credit Lender, all of the Tranche B Term Loans of such Non-Consenting Lender if such Non-Consenting Lender is a
Tranche B Term Loan Lender and all of the Delayed Draw Term Commitments or Delayed Draw Term Loans of such Non-Consenting Lender if such Non-Consenting Lender is a Delayed Draw Term Lender, in each case for an amount equal to the principal balance
of all such Revolving Loans, Tranche B Term Loans or Delayed Draw Term Loans, as applicable, held by the Non-Consenting Lender and all accrued interest and fees with respect thereto through the date of sale; provided, that,
in the event any such proposed amendment, modification, waiver, consent or other change (i) reduces the yield (whether comprised of interest rate, margins, fees, original issue discounts or otherwise) payable hereunder to any Term Loan Lender
and (ii) becomes effective on or prior to June 25, 2008, the purchase price payable to any Term Loan Lender that is a Non-Consenting Lender in connection with such proposed change shall be increased by 1.00% of such Non-Consenting
Lender’s Ratable Portion of the aggregate principal amount of the Term Loans then outstanding. Each Lender agrees that, if it becomes a Non-Consenting Lender, such purchase and sale shall be consummated pursuant to an executed
Assignment and Acceptance; provided, however, that the failure of any Non-Consenting Lender to execute an Assignment and Acceptance shall not render such purchase and sale (and the corresponding
assignment) invalid and such assignment shall be recorded in the Register. 
 Section 2. Conditions Precedent to the
Effectiveness of this Amendment 
 This Amendment shall become effective as of the date first written above when, and only when, each
of the following conditions precedent shall have been satisfied (the “Amendment Effective Date”) or duly waived by the Administrative Agent: 
 (a) Certain Documents. The Administrative Agent shall have received each of the following, each dated the Amendment Effective Date (unless otherwise agreed by the Administrative Agent), in form and substance
satisfactory to the Administrative Agent: 
 (i) this Amendment, duly executed by the Borrower, Holdings and the
Administrative Agent; 
  

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 AMENDMENT NO. 1 TO CREDIT
AGREEMENT 
  

 (ii) the Consent and Agreement, in the form attached hereto as Exhibit A
(each, a “Subsidiary Consent”), executed by each of the Subsidiary Guarantors; 
 (iii) the
Acknowledgment and Consent, in the form attached hereto as Exhibit B (each, a “Lender Consent”), executed by each Term Loan Lender (other than the Term Loan Lenders that are Non-Consenting Lenders); 
 (iv) a certificate of a Responsible Officer to the effect that each of the conditions set forth in clauses (b), (c),
(d) and (e) below has been satisfied; and 
 (v) such additional documentation as the Lenders party to
the Lenders’ Consent or the Administrative Agent may reasonably require; 
 (b) Corporate and Other Proceedings. All corporate and
other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Amendment shall be satisfactory in all respects to the Administrative Agent and each Lender; 
 (c) Representations and Warranties. Each of the representations and warranties contained in Article IV (Representations and Warranties)
of the Credit Agreement, the other Loan Documents or in any certificate, document or financial or other statement furnished at any time under or in connection therewith are true and correct in all material respects on and as of the date hereof
and the Amendment Effective Date, in each case as if made on and as of such date and except to the extent that such representations and warranties specifically relate to a specific date, in which case such representations and warranties shall be
true and correct in all material respects as of such specific date; provided, however, that references therein to the “Credit Agreement” shall be deemed to refer to the Credit Agreement as amended by this Amendment and
after giving effect to the consents and waivers set forth herein; 
 (d) No Default or Event of Default. After giving effect to this
Amendment, no Default or Event of Default (except for those that may have been duly waived) shall have occurred and be continuing, on the Amendment Effective Date; 
 (e) No Litigation. No litigation shall have been commenced against any Loan Party or any of its Subsidiaries, on the Amendment Effective Date, seeking to restraint or enjoin (whether temporarily, preliminarily
or permanently) the performance of any action by any Loan Party required or contemplated by this Amendment or the Credit Agreement or any Loan Document, in either case as amended hereby; and 
 (f) Fees and Expenses Paid. The Borrower shall have paid all Obligations due, after giving effect to this Amendment, on or before the Amendment
Effective Date including, without limitation, the fees set forth in Section 4 (Fees and Expenses) hereof and all costs and expenses of the Administrative Agent in connection with the preparation, reproduction, execution and delivery of
this Amendment and all other Loan Documents entered into in connection herewith (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto and all other Loan Documents)
and all other costs, expenses and fees due under any Loan Document. 
  

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 AMENDMENT NO. 1 TO CREDIT
AGREEMENT 
  

 Section 3. Representations and Warranties 
 On and as of the Amendment Effective Date, after giving effect to this Amendment, the Borrowers and Holdings hereby represents and warrants to the
Administrative Agent and each Lender as follows: 
 (a) this Amendment and the Subsidiary Consents have been duly authorized, executed and
delivered by the Borrower, Holdings and each Guarantor, as applicable, and constitutes a legal, valid and binding obligation of the Borrower, Holdings and each Guarantor, as applicable, enforceable against the Borrower, Holdings and each Guarantor,
as applicable, in accordance with their terms and the Credit Agreement as amended by this Amendment and constitutes the legal, valid and binding obligation of the Borrower, Holdings and each Guarantor, enforceable against the Borrower and each
Guarantor in accordance with its terms; 
 (b) each of the representations and warranties contained in Article IV (Representations
and Warranties) of the Credit Agreement, the other Loan Documents or in any certificate, document or financial or other statement furnished at any time under or in connection therewith are true and correct in all material respects on and as of
the Amendment Effective Date as if made on and as of such date and except to the extent that such representations and warranties specifically relate to a specific date, in which case such representations and warranties shall be true and correct in
all material respects as of such specific date; provided, however, that references therein to the “Credit Agreement” shall be deemed to refer to the Credit Agreement as amended hereby and after giving effect to the
consents and waivers set forth herein; 
 (c) no Default or Event of Default has occurred and is continuing (except for those that are duly
waived); and 
 (d) no litigation has been commenced against any Loan Party or any of its Subsidiaries seeking to restraint or enjoin
(whether temporarily, preliminarily or permanently) the performance of any action by any Loan Party required or contemplated by this Amendment, the Credit Agreement or any Loan Document, in each case as amended hereby (if applicable). 
 Section 4. Fees and Expenses 
 The Borrower and each other Loan Party agrees to pay on demand in accordance with the terms of Section 11.3 (Costs and Expenses) of the Credit Agreement all costs and expenses of the Administrative Agent in connection with the
preparation, reproduction, execution and delivery of this Amendment and all other Loan Documents entered into in connection herewith (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative
Agent with respect thereto and all other Loan Documents). 
 Section 5. Reference to the Effect on the Loan Documents 

 (a) Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein,” or words of like import, and each reference in the other Loan Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder”, “thereof” and words of
like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Amendment and the Credit Agreement shall be read together and construed as a single instrument. Each of the table of contents and lists of Exhibits and
Schedules of the Credit Agreement shall be amended to reflect the changes made in this Amendment as of the Amendment Effective Date. 
  

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 AMENDMENT NO. 1 TO CREDIT
AGREEMENT 
  

 (b) Except as expressly amended hereby or specifically waived above, all of the terms and provisions
of the Credit Agreement and all other Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders, Issuers, Arranger or the Administrative Agent under any of the
Loan Documents, nor constitute a waiver or amendment of any other provision of any of the Loan Documents or for any purpose except as expressly set forth herein. 
 (d) This Amendment is a Loan Document. 
 Section 6. Execution in Counterparts 

This Amendment may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached
to the same document. Delivery of an executed counterpart by telecopy shall be effective as delivery of a manually executed counterpart of this Amendment. 
 Section 7. Governing Law 
 This Amendment shall be governed by and construed in accordance
with the law of the State of New York. 
 Section 8. Section Titles 
 The section titles contained in this Amendment are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto, except when used to reference a section. Any reference to the number of a clause, sub-clause or subsection of any Loan Document immediately followed by a reference in parenthesis to the title of the section of
such Loan Document containing such clause, sub-clause or subsection is a reference to such clause, sub-clause or subsection and not to the entire section; provided, however, that, in case of direct conflict between the reference to the
title and the reference to the number of such section, the reference to the title shall govern absent manifest error. If any reference to the number of a section (but not to any clause, sub-clause or subsection thereof) of any Loan Document is
followed immediately by a reference in parenthesis to the title of a section of any Loan Document, the title reference shall govern in case of direct conflict absent manifest error. 
 Section 9. Notices 
 All
communications and notices hereunder shall be given as provided in the Credit Agreement or, as the case may be, the Guaranty. 
 Section 10. Severability 
 The fact that any term or provision of this Agreement is held invalid, illegal or
unenforceable as to any person in any situation in any jurisdiction shall not affect the validity, enforceability or legality of the remaining terms or provisions hereof or the validity, enforceability or legality of such offending term or provision
in any other situation or jurisdiction or as applied to any person. 
  

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 AMENDMENT NO. 1 TO CREDIT
AGREEMENT 
  

 Section 11. Successors 
 The terms of this Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.

 Section 12. Waiver of Jury Trial 
 EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES TRIAL BY JURY
IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT OR ANY
OTHER LOAN DOCUMENT. 
 [SIGNATURE PAGES FOLLOW]

  

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 IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be executed by their respective officers and general partners thereunto duly authorized, as of the date first written above. 
  

			
	 JOHNSONDIVERSEY, INC.,
 as Borrower

	
	 /s/ Lori P. Marin

	Name:	 	Lori P. Marin
	Title:	 	Vice President and Corporate Treasurer
	
	 JOHNSONDIVERSEY HOLDINGS, INC.,
 as Holdings

	
	 /s/ Lori P. Marin

	Name:	 	Lori P. Marin
	Title:	 	Treasurer

  

 [SIGNATURE PAGE TO AMENDMENT
NO. 1] 

			
	 CITICORP USA INC.,
 as Administrative Agent

		
	By:	 	 /s/ Michelle Seguin

	Name:	 	Michelle Seguin
	Title:	 	Vice President, Citicorp, N.A. - Chicago

  

 [SIGNATURE PAGE TO AMENDMENT
NO. 1]Employment Agreement between JohnsonDiversey, Inc. and Jim Larson

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT, made
and entered into this 1st day of May, 2007, by and between JohnsonDiversey, Inc., a Delaware corporation (“JDI”) and James Larson
(“Employee”). 
 In consideration of the mutual promises and agreements set forth below, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I 
 Employment 
 1.1 Position and Responsibilities. During this Agreement and
subject to the terms and conditions hereof, JDI agrees to employ Employee, and Employee agrees to serve as Senior Vice President, Global Human Resources of JDI. In such capacity Employee will report to the President/CEO of JDI, and to be responsible
for the typical management responsibilities expected of an officer holding such a position and such other duties and responsibilities consistent with such position as may be assigned to the Employee from time to time by the President/CEO.

 1.2 Term. Subject to Article II hereof, the Agreement may be terminated by either party, for any reason or no reason, upon two
weeks prior written notice to the other party, except that no such notice shall be required in the event that JDI terminates this Agreement for Cause (as provided for in Article II, Section 2.2 hereof). 
 1.3 Place of Employment. Employee’s initial principal place of employment shall be
8310 16th Street, Sturtevant, Wisconsin. 
 1.4 Duties. During the Period of Employment, the Employee shall devote all of his business time, attention and skill to the business and affairs of the Company and its subsidiaries, except, so long as such activities do not
unreasonably interfere with the business of the Company or diminish the Employee’s obligations under the Agreement, that Employee may (i) participate in the affairs of any governmental, educational or other charitable institution, or
engage in professional speaking and writing activities, or (ii) serve as a member of the board of directors of other corporations, and in either case, the Employee shall be entitled to retain all fees, royalties and other compensation derived
from such activities in addition to the compensation and other benefits payable to him under this Agreement; and provided further, that the Employee may invest his personal or family funds in any form or manner he may choose that will not require
any services on his part in the operation of or the affairs of the entities in which such investments are made. The Employee will perform faithfully the duties consistent with his position and which may be assigned to him from time to time by the
President/CEO. 

 ARTICLE II 
 Termination 
 2.1 Voluntary Resignation or Termination Without Cause. JDI may terminate
Employee’s employment at any time without “Cause” (as defined in Section 2.2 hereof) upon two weeks written notice as provided in Article I, Section 1.2. Similarly, Employee may voluntarily resign at any time upon two weeks
written notice as provided in Article I, Section 1.2. 
 2.2 Termination for Cause. JDI may terminate Employee’s employment
at any time without the notice required in Article I, Section 1.2 if such termination is for “Cause” (as defined herein). “Cause” means termination for any of the following reasons: 
 (a) Material breach of this Agreement, after having received prior written notice of such material breach and Employee has not corrected
such material breach (if capable of correction) to the reasonable satisfaction of the President/CEO within the ten (10) day period following receipt by Employee of such written notice. 
 (b) Material failure to perform within the provisions of “This We Believe”. 
 (c) Willful misconduct, or willful violation of the law in the performance of duties under this Agreement. 
 (d) Willful failure or refusal to follow reasonable, explicit, and lawful instructions or directions from the President/CEO concerning the
operation of JDI’s business. 
 (e) Conviction of a felony. 
 (f) Theft or misappropriation of funds or property of JDI, or commission of any material act of dishonesty involving JDI, its employees,
or business. 
 (g) Appropriating any corporate opportunity of JDI, unless the transaction was approved in writing by the
President/CEO following full disclosure of all pertinent details of the transaction. 
 (h) Breach of fiduciary duty owed to
JDI as an officer of JDI. 
 (i) Material breach of any duty or obligation under the attached Confidentiality Agreement,
Non-Competition Agreement, and/or Trade Secret, Invention, and Copyright Agreement, after having received prior written notice of such material breach and Employee has not corrected such material breach (if capable of correction) to the reasonable
satisfaction of the President/CEO within the ten (10) day period following receipt by Employee of such written notice. 
  

 2 

 2.3 Resignation for Good Reason, Retirement, Death, Disability or Termination without Cause

 (a) Employee’s employment shall terminate automatically and immediately upon Employee’s Retirement or Death. 
 (b) Upon the President/CEO’s written determination that Employee is unable, due to a disability, to continue carrying out the duties and
responsibilities of his position, Employee’s officer status will be terminated, and Employee’s employment will continue pursuant to the JDI’s applicable policies and benefits related to disabled employees. For purposes of this
Agreement, “disability” means the inability of the Employee, due to a physical or mental impairment, for 120 consecutive days to perform the essential duties and functions contemplated by this Agreement with reasonable accommodation. A
determination of disability shall be made by an independent physician selected by the President/CEO who is deemed satisfactory to the Employee, and Employee shall cooperate with the efforts to make such determination. Notice of determination of
disability shall be provided by the President/CEO in writing to Employee stating the facts and reasons for such determination. Any such determination shall be conclusive and binding on the parties. Nothing in this section, however, shall be deemed
to alter JDI’s duty to reasonable accommodate, if possible, any disability of Employee. Any determination of disability under this Section in not intended to affect any benefits which employee may be entitled under any long term disability
insurance policy provided by JDI or Employee with respect to Employee, which benefits shall be governed solely by the terms if any such insurance policy. 
 (c) Employee may resign at any time for “Good Reason” (as defined herein) without the need for two weeks written notice to JDI. “Good Reason” shall be defined as: (1) a material diminution in
the requirements of Employee’s employment, or (2) any other material change in such position, including titles, location, authority or responsibilities from those contemplated by Article I of this Agreement, or (3) a change in control
(defined as the sale of JDI to one or more independent third parties, pursuant to which such party or parties acquire (i) capital stock of JDI possessing the voting power to elect a majority of the Board (whether by merger, consolidation,
recapitalization or sale or transfer of JDI’s capital stock) or (ii) all or substantially all of JDI’s assets determined on a consolidated basis, or (4) Employee’s mandatory relocation, or (5) any change in reporting
relationship, or (6) any requirement that Employee office other than at JDI’s corporate headquarters offices, or (7) any material breach of the Agreement, including the Offer Letter, by JDI which is not corrected (if capable of
correction) to Employee’s reasonable satisfaction within the ten (10) day period after JDI receives written notice of the material breach from the Employee. 
  

 3 

 2.4 Payments upon Termination Agreement. 
 (a) If Employee should resign his employment (other than for “Good Reason” as defined in Section 2.3 hereof), of if the President/CEO
should terminate Employee for Cause, Employee shall not be entitled to any compensation or remuneration other than such salary and benefits through the effective date of termination and amounts and benefits as Employee is eligible to receive under
JDI’s then prevailing policies and benefit plans and as prescribed by law, Employee’s accrued but unused vacation and incurred but unreimbursed business expenses. 
 (b) If Employee’s employment is terminated as a result of Death, or “disability,” Employee or his estate, as applicable shall, in addition
to any other compensation and benefits provided by JDI policies and benefit plans then in effect, receive a prorated performance bonus for the fiscal year in which the termination occurs, Employee’s accrued but unused vacation, incurred but
unreimbursed business expenses, and Employee’s accrued but unpaid performance bonus for the fiscal year prior to the fiscal year during which such Death or “disability” occurs. 
 (c) If Employee’s employment is terminated as a result of Termination without Cause or if Employee resigns for Good Reason, and so long as employee
does not materially breach any provisions of the Confidentiality Agreement, Non-Competion Agreement, Trade Secret, Invention, and Copyright Agreement and Code of Ethics, respectively, Employee will receive (1) continuation of Employee’s
base salary for one year; (2) a performance bonus prorated for the period worked during the year in which the termination occurs; (3) a performance bonus at the target level for the one-year salary continuation period; (4) one year of
JDI sponsored healthcare benefits for Employee and his eligible dependents at active employee contribution rates; and (5) a one year senior executive level outplacement program paid for by JDI provided by Right Management or other outplacement
firm selected by JDI. Payment of base salary and target bonus will be paid in equal installments over the one-year salary continuation period. In addition to the foregoing, if Employee is terminated without Cause or Employee resigns for Good Reason
prior to his five-year anniversary with JDI, any unvested stock and/or stock options will vest on Employee’s termination date. Moreover, Employee shall be paid his accrued but unused vacation, incurred but unreimbursed business expenses, and
Employee’s accrued but unpaid performance bonus for the fiscal year prior to the fiscal year during which such termination without Cause or resignation for Good Reason occurs. 
 (d) In addition, if Employee resigns for Good Reason or is terminated without Cause, prior to Employee’s five-year anniversary with JDI, JDI will
relocate Employee back to Illinois according to the terms of JDI’s relocation policy, such terms to be no less favorable than those in effect on the date of Employee’s offer of employment. 
  

 4 

 ARTICLE III 
 Miscellaneous 
 3.1 Entire Agreement. This Agreement, including the Offer Letter of even date
herewith and the attached Confidentiality Agreement, Non-Competition Agreement, and Trade Secret, Invention, and Copyright Agreement incorporated herein under Section 3.9 hereof, sets forth the entire agreement between the parties relating to
the subject matter hereof and supersede all prior agreements between the parties relating to the subject matter hereof. 
 3.2 Waiver of
Breach. The waiver by a party of the breach of any provision of this Agreement shall not be deemed a waiver by said party of any other or subsequent breach. 
 3.3 Assignment. This Agreement shall not be assignable by JDI without the written consent of Employee; provided, however, that if JDI shall merge or consolidate with or into, transfer substantially all of its
assets, including goodwill, to another corporation or other form of business organization, this Agreement shall be binding upon and shall inure to the benefit of the successor corporation in such merger, consolidation or transfer. Employee may not
assign, pledge or encumber any interest in this Agreement or any part thereof without the written consent of JDI. 
 3.4 Disputes. Any
dispute or controversy arriving from or relating to this Agreement shall be submitted to and decided by binding arbitration in the State of Wisconsin, USA. At the request of either JDI or Employee, arbitration proceedings will be conducted in the
utmost secrecy; in such case, all documents, testimony and records shall be received, heard and maintained by the arbitrator(s) in secrecy, available for inspection only by JDI or by the Employee and by their respective attorneys and experts who
shall agree, in advance and in writing, to receive all such information in confidence and to maintain such information in secrecy until such information shall be generally known or until such time as said information is to be filed in court to
confirm or object to the arbitration award at which time the parties hereto will cooperate to maintain such secrecy if possible consistent with the result of the court. The parties shall share all expenses of arbitration equally unless the
arbitrator shall direct otherwise as part of the award. The arbitration will be conducted by a single arbitrator who is licensed to practice law in a State in the United States under the American Arbitration Association’s National Rules For The
Resolution Of Employment Disputes. The arbitrator shall have the discretionary authority to award reasonable attorney’s and arbitration fees, costs and expenses to the prevailing party. 
 3.5 Limitations on Claims. Any claim or controversy otherwise arbitrable hereunder shall be deemed waived, and no such claim or controversy shall
be made or raised, unless a request for arbitration thereof has been given as provided below to the other party in writing not later than six months after the date on which the facts giving rise to the claim or controversy first arose. 

 

 5 

 3.6 Notices. All notices, requests, demands or other communications required or permitted under
this Agreement shall be in writing and shall be deemed to have been duly given to any party when delivered personally (by courier service or otherwise), when delivered by telecopy or facsimile, by overnight courier, or seven days after being mailed
by first-class mail, postage prepaid and return receipt requested in each case to the applicable addresses set forth below: 
  

			
	If to Employee:	    	James Larson
		    	Senior Vice President
		    	JohnsonDiversey, Inc.
		    	8310 16th Street
		    	P.O. Box 902
		    	Sturtevant, WI 53177-0902
		
	If to JDI:	    	Stephen A. Di Biase
		    	Senior Vice President
		    	JohnsonDiversey, Inc.
		    	8310 16th Street
		    	P.O. Box 902
		    	Sturtevant, WI 53177-0902

 or to such other address as such party shall have designated by written notice so given to each other party.

 3.7 Amendment. This Agreement may be modified only in writing, signed by both of the parties. Headings included in this Agreement
are for convenience only and are not intended to limit or expand the rights of the parties hereto. 
 3.8 Severability. If any
provision of this Agreement is determined to be invalid or unenforceable, then such invalidity or unenforceability shall have no effect on the other provisions hereof, which shall remain valid, binding and enforceable and in full force and effect,
and such invalid or unenforceable provisions, shall be construed in a manner so as to give the maximum valid and enforceable effect to the intent of the parties expressed therein. 
 3.9 Incorporation of Terms. The introductory language and recitals set forth above, and the attached Confidentiality Agreement, Non-Competition
Agreement, and Trade Secret, Invention, and Copyright Agreement are incorporated by reference independent of this Agreement. 
 3.10
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Wisconsin, USA (regardless of such State’s conflicts of law principles). 
  

 6 

 3.11 Section 409A. Notwithstanding anything to the contrary in this Agreement, no payments
contemplated by this Agreement will be paid during the six-month period following the Employee’s termination of employment unless JDI determines, in its good faith judgment, that paying such amounts at the time or times indicated in this
Section would not cause the Employee to incur an additional tax under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and related Department of Treasury guidance (including such Department of Treasury
guidance as may be issued after the Agreement’s effective date) (in which case such amounts shall be paid at the time or times indicated in this Section 3.11). If the payment of any amounts are delayed as a result of the previous sentence,
on the first day following the end of the six-month period, JDI will pay Employee a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to Employee under this Agreement during such six month period.
Thereafter, payments will resume in accordance with this Agreement. 
 Additionally, in the event that following the Agreement’s
effective date JDI reasonably determines that any compensation or benefits payable under this Agreement may be subject to Section 409A of the code, JDI and the Employee shall work together to adopt such amendments to this Agreement or adopt
other policies or procedures (including amendments, policies and procedures with retroactive effective), or take any other commercially reasonable actions necessary or appropriate to (x) exempt the compensation and benefits payable under this
Agreement from Section 409A of the Code and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement or (y) comply with the requirements of Section 409A of the Code and related
Department of Treasury guidance. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day, month and year first
above written. 
  

			
	JOHNSONDIVERSEY, INC.
		
	By	 	 /s/ Stephen A. Di Biase

		 	Stephen A. Di Biase
		 	Senior Vice President
	
	 /s/ James Larson

	James Larson

  

	
	 /s/ Scott Russell

	 Witness

  

 7

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