Document:

Form of Change in Control Agreement

 Exhibit 10.11 
 CHANGE IN CONTROL AGREEMENT 
 THIS AGREEMENT (the “Agreement”) is made this
         day of                     , 200    , by and between H.B.
Fuller Company, a Minnesota corporation (the “Company”) and [Executive] (the “Executive”). 
 WITNESSETH: 

 WHEREAS, the Company considers the recruitment and maintenance of sound and vital management to be essential to protecting and enhancing
its best interests and those of its shareholders; and 
 WHEREAS, the Company recognizes that the potential for a change in control may make
it difficult to hire and retain strong management personnel; and 
 WHEREAS, the Company recognizes that the possibility of a change in
control of the Company may exist and that, in the event negotiations are commenced to bring about such a change in control, uncertainty and questions may arise among management that could result in the distraction or departure of management
personnel to the detriment of the Company and the shareholders; and 
 WHEREAS, the Company has determined that appropriate steps should be
taken to reinforce and encourage the Executive’s continued attention and dedication as an executive officer to his or her assigned duties without distraction in the face of potentially disruptive circumstances arising from the possibility of a
change in control of the Company; 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the
Company and the Executive hereby agree as follows: 
 1. Definitions. For the purposes of this Agreement: 
 “Affiliated Organization” 
 (a) “Affiliated Organization” means a business entity that is treated as a single employer with the Company under the rules of section 414(b) and (c) of the Code, including the eighty percent (80%) standard therein.

 (a) “Cause” means any act by the Executive that is materially inimical to the best interests of the Company and
that constitutes common law fraud, a felony or other gross malfeasance of duty on the part of the Executive. 
 (b)
“Change in Control” means: 
 (i) a public announcement (which, for purposes hereof, shall include, without
limitation, a report filed pursuant to Section 13(d) of the Securities 

 
Exchange Act of 1934, as amended (the “Exchange Act”)) that any individual, corporation, partnership, association, trust or other entity becomes
the beneficial owner (as defined in Rule 13(d)(3) promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing 30% or more of the voting power of the Company then outstanding; 
 (ii) the individuals who, as of the date of this Agreement, are members of the Board of Directors of the Company (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board (provided, however, that if the election or nomination for election by the Company’s shareholders of any new director was approved by a vote of at least a majority
of the Incumbent Board, such new director shall be considered to be a member of the Incumbent Board); 
 (iii) the approval of
the shareholders of the Company of: (A) any consolidation, merger or statutory share exchange of the Company with any person in which the surviving entity would not have as its directors at least 60% of the Incumbent Board, and as a result of
which those persons who were shareholders of the Company immediately prior to such transaction would not hold, immediately after such transaction, at least 60% of the voting power of the Company then outstanding or the combined voting power of the
surviving entity’s then outstanding voting securities; (B) any sale, lease, exchange or other transfer in one transaction or series of related transactions of substantially all of the assets of the Company; or (C) the adoption of any
plan or proposal for the complete or partial liquidation or dissolution of the Company; or 
 (iv) a determination by a
majority of the members of the Incumbent Board, in their sole and absolute discretion, that there has been a Change in Control of the Company. 
 The Company shall notify the Executive promptly of the occurrence of a Change in Control. 
 (c) “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of the Code will include a reference to such provision as it may be amended from time to time and to any successor provision. 
 (d) “Company” means the Company as hereinbefore defined and any successor or assign to its business and/or assets which executes
and delivers the agreement provided for in Section 8 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. If at any time during the term of this Agreement the Executive is employed by an
Affiliated Organization, the term “Company” as used in this Agreement (other than in Sections 1(b) and 8(a) hereof) shall in addition include such Affiliated Organization. In such event, the Company agrees that it shall pay or provide, or
shall cause such Affiliated Organization to pay or provide, any amounts or benefits due the Executive pursuant to this Agreement. 
 (e) “Date of Termination” means the date of the Executive’s Separation from Service. 
  

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 (f) “Disability” or “Disabled” means leaving active employment and
qualifying for and receiving disability benefits under the Company’s long-term disability plan as in effect from time to time. 
 (g) “Good Reason” means: 
 (i) a material change in the Executive’s pay consisting of a 10% or more
reduction in total cash compensation opportunity as in effect immediately prior to the Change in Control (unless such reduction is part of an across-the-board uniformly applied reduction affecting all senior executives of the Company); or

 (ii) a significant diminution in the Executive’s authority and duties as in effect immediately prior to the Change of
Control (excluding an isolated, insubstantial or inadvertent action not taken in bad faith that is remedied promptly by the Company after receiving notice); provided, however, that a change of the individual or officer to whom the Executive reports,
in and of itself, would not constitute diminution; or 
 (iii) a change of the Executive’s principal work location of 50
or more miles from that immediately prior to the Change in Control. 
 The Executive shall not be deemed to have terminated employment for
Good Reason unless the termination occurs within 180 days after the Executive is notified by the Company of the event constituting Good Reason or, if later, within 180 days after the occurrence of such event. 
 (h) “Present Value” shall be determined based on the actuarial assumptions in use for the purpose of determining the amount of
lump sum distributions under the H.B. Fuller Company Retirement Plan, as in effect at the time Present Value is determined for the purposes of this Agreement. 
 (i) “Protected Period” means the 24-month period immediately following each and every Change in Control. 
 (j) The Executive shall be deemed to have had a “Separation from Service,” or to have “Separated from Service,” when
the employment relationship between the Executive and all of the Affiliated Organizations has terminated for reasons other than the Executive’s death. For such purpose, the employment relationship will be treated as continuing while the
Executive is on military leave, sick leave, or other bona fide leave of absence (such as temporary employment by the government) if the period of such leave does not exceed six months, or any longer period during which the Executive’s right to
reemployment is provided for by statute or contract. If the period of a leave exceeds six months and the Executive’s right to reemployment is not provided for by statute or contract, the employment relationship will be deemed to have terminated
on the first date immediately following such six month period. Notwithstanding the foregoing, if the Executive ceases to be an employee of any Affiliated Organization, but continues to perform services for such Affiliated Organization or another
Affiliated Organization that 

  

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would cause the termination of employment not to constitute a separation from service for the purposes of section 409A of the Code, the later date on which
such a separation from service occurs shall be the date of the Executive’s Separation from Service. Conversely, if the Executive continues to be an employee of an Affiliated Organization, but fails to perform sufficient services to prevent a
separation from service from occurring for the purposes of section 409A of the Code, the earlier date on which such a separation from service occurs shall be the date of the Executive’s Separation from Service. 
 (k) “Termination Benefits” means those benefits described in Sections 3 and 6 of this Agreement. 
 2. Term. The term of this Agreement shall commence on the date hereof and shall end on the third anniversary of such date; provided, that
on each anniversary of the date on which the term begins, the term shall be extended for one additional year unless, prior to an anniversary date, the Company gives written notice to the Executive that the term shall not be so extended, whereupon
the term shall end on the date which is three years after the date of such notice. Notwithstanding the foregoing, the expiration of the term shall not relieve the Company of its obligation to provide any Termination Benefits that become payable as a
result of the Executive’s Separation from Service during the term. 
 3. Benefits Upon Termination of Employment. If, during the
term of this Agreement, the Executive Separates from Service during a Protected Period because: (A) the Executive’s employment is terminated by the Company other than for Cause or Disability, or (B) because the Executive’s
employment is terminated by the Executive for Good Reason, the Executive shall be entitled to the following payments and benefits: 
 (a) Base Salary and Bonus Through Date of Termination. The Company shall
promptly pay to the Executive his or her full base salary through the Date of Termination at the rate in effect at the time notice of termination is given. In addition, the Company shall pay to the Executive the amount of any bonus or incentive for
the year in which the Date of Termination occurs (based on the target bonus for the Executive for the year) prorated to the Date of Termination (without application of any denial provisions based on unsatisfactory personal performance or any other
reason). Such bonus or incentive shall be paid promptly (and in no event more than 2 1/2 months) after the Executive’s Date
of Termination; provided, that if the bonus or incentive: 
 (i) is payable for a performance period that began before
the first day of the calendar year or the first day of the corporate fiscal year (whichever is earlier) in which the Date of Termination occurs; or 
 (ii) was awarded to the Executive before the first day of the calendar year or the first day of the corporate fiscal year (whichever is earlier) in which the Date of Termination occurs; 
 such payment, together with interest thereon, shall be made on the earlier of: (A) the date that is six months after the Executive’s Date of
Termination, or (B) the date of the Executive’s death. Interest shall be calculated from the Executive’s Date of Termination to the date of payment at the rate used for the purpose of determining Present Value. 
  

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 (b) Severance Pay. The Company shall pay to the Executive a severance payment in
an amount equal to three times the sum of: (A) the Executive’s highest base salary, on an annualized basis, established by the Company during the period commencing three months prior to the occurrence of the Change in Control and ending on
the Date of Termination; plus (B) the Executive’s target annual incentive compensation established by the Company and in effect immediately prior to the Change in Control. Such payment, together with interest thereon, shall be made in a
lump sum on the earlier of: (i) the date that is six months after the Executive’s Date of Termination, or (ii) the date of the Executive’s death. Interest shall be calculated from the tenth day following the Executive’s Date
of Termination to the date of payment at the rate used for the purpose of determining Present Value. Payments under this paragraph (b) shall not be considered in determining the amount of the Executive’s benefits under any pension, profit
sharing, stock bonus or other employee benefit plan of the Company or any Affiliated Organization. 
 (c) Medical and
Dental Coverage. The Executive shall be entitled to continued coverage under any medical or dental plan (but not under other Company benefit plans) maintained by the Company in which the Executive was participating at the time of the
Executive’s termination of employment, for a period of three years following the Executive’s Date of Termination. Rules comparable to those governing the provision of continuation coverage under section 602 of ERISA shall apply to the
coverage provided under this paragraph, except that: 
 (i) the coverage may not be discontinued prior to the expiration of
the period specified in this paragraph (c), except for the Executive’s failure to make a required contribution; 
 (ii)
the contributions required of the Executive for such coverage may not exceed the contributions required for the same coverage from a similarly situated active employee; and 
 (iii) if the Company discontinues the plan or plans in which the Executive was participating prior to the expiration of such three year
period, the Company shall substitute equivalent coverage under one or more other plans or, if there are no other plans, under one or more individual insurance policies. 
 It is the intent of the Company that neither the coverage provided pursuant to this paragraph (c), nor the benefits received as a result of such coverage, shall be subject to U.S. income taxation to the Executive.
Accordingly, if the Company determines that the coverage to be provided under this paragraph (c) would cause a self-insured plan maintained by the Company or an Affiliated Organization to be in violation of the nondiscrimination requirements of
section 105(h) of the Code, it shall substitute insured coverage providing equivalent benefits, at no greater cost to the Executive, to the extent necessary to avoid such discrimination. 
  

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 (d) Outplacement Services. The Company shall pay for any outplacement services
provided to the Executive that directly relate to the termination of services for the Company; provided, that the total amount paid for such services shall not exceed $25,000 and, provided further, that such expenses are incurred no later than the
last day of the Executive’s second taxable year following the taxable year in which the Executive’s Separation from Service occurred. The Employer shall pay (or, at its option, reimburse the Executive) for such services within ten days
after its receipt of a statement from the service provider; provided, that in no event shall reimbursements be paid to the Executive after the last day of the Executive’s third taxable year following the taxable year in which the
Executive’s Separation from Service occurs. 
 4. Terminations That Do Not Require Payment of Benefits. No Termination Benefits
will be provided to the Executive pursuant to this Agreement if the Executive’s employment is terminated by the Executive for any reason other than for Good Reason, by the Company for Cause or Disability, by death, or by either the Executive or
the Company for any reason at any time other than during a Protected Period. 
 5. No Mitigation. The Executive’s benefits
hereunder shall be in consideration of the Executive’s past service and the Executive’s continued service from the date of this Agreement, and the Executive’s entitlement thereto shall not be governed by any duty to mitigate damages
by seeking further employment nor offset by any compensation which the Executive may receive from future employment. 
 6. Limitation;
Gross-Up Payment. 
 (a) In the event it shall be determined that any payment or distribution by the Company to or for the benefit of the
Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any additional payments required under this Section 6, (a “Payment”) would be
subject to the tax imposed by section 4999 of the Code (which tax, together with any interest and penalties thereon, is referred to herein as the “Excise Tax”), and if the amount of the Executive’s total “parachute payments”
(as defined in section 280G(b)(2) of the Code) with respect to the same Change in Control does not exceed 330% of the Executive’s “base amount” (as defined in section 280G(b)(3) of the Code), then the Payment shall be adjusted until
the amount of the Executive’s parachute payments equals 299% of such base amount. Such reductions shall be made: 
 (i) first, to the
outplacement services provided pursuant to Section 3(d); 
 (ii) next, to the severance payment provided pursuant to Section 3(b);
and 
 (ii) last, to the medical and dental coverage provided pursuant to Section 3(c). 
 (b) In the event it shall be determined that a Payment would be subject to the Excise Tax and the amount of the Executive’s total parachute payments
with respect to the same Change in Control exceeds 330% of the base amount, or in the event an Excise Tax is actually assessed with respect to a Payment, then the Executive shall be entitled to receive an additional payment (a “Gross-Up
Payment”) in an amount such that after payment by the Executive of all 

  

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taxes, net of any tax benefits that result from the deductibility by the Executive of such taxes, (including, in each case, any interest or penalties imposed
with respect to such taxes), including, without limitation, any income taxes (and any interest and penalties imposed on them) and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the
Excise Tax imposed upon the Payments. 
 (c) Subject to the provisions of paragraph (d) of this Section 6, all determinations
required to be made under this Section 6, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by a nationally
recognized public accounting firm as may be designated by the Company (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Executive within 15 business days of the receipt of notice from
the Executive that there has been a Payment, or such earlier time as is requested by the Company. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Section 6,
shall be paid by the Company to or for the benefit of the Executive within five days of the receipt of the Accounting Firm’s determination. Any determination by the Accounting Firm shall be binding upon the Company and the Executive.
Notwithstanding any other provision of this Section 6, the Company may withhold and pay over to the Internal Revenue Service, for the benefit of the Executive, all or any portion of the Gross-Up Payment that it determines in good faith it is
required to withhold. Executive consents to such withholding. As a result of the uncertainty in the application of section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up
Payments which will not have been made by the Company should have been made (“Underpayment”), consistent with the calculations required to be made. In the event that the Company exhausts its remedies pursuant to paragraph (d) of this
Section 6 and the Executive is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall promptly be paid by the Company to or for the
benefit of the Executive. 
 (d) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if
successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the
Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or
such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:

 (i) give the Company any information reasonably requested by the Company relating to such claim; 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time,
including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company; 
  

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 (iii) cooperate with the Company in good faith in order effectively to contest such
claim; and 
 (iv) permit the Company to participate in any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such
contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and
expenses. Without limitation on the foregoing provisions of this paragraph (d), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals,
proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the
Executive agrees to prosecute such contest to a determination before an administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs
the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an after-tax basis, from any Excise Tax or
income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating
to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues
with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
 (e) If, after the receipt by the Executive of an amount advanced by the Company pursuant to paragraph (b) or (d) of this Section 6, the
Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of paragraph (d) of this Section 6) promptly pay to the Company the amount of
such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to paragraph (d) of this Section 6, a determination is
made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset the amount of Gross-Up Payment required to be paid. 
 (f) Notwithstanding the foregoing provisions of this Section 6: 
 (i) No payments shall be made to or on behalf of the Executive pursuant to this Section 6 until the earlier of: (A) the date
that is six months after the Executive’s Date of Termination, or (B) the date of the Executive’s death. 
  

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 (ii) A Gross-Up Payment shall be paid no later than the last day of the Executive’s
taxable year next following the taxable year in which the related taxes are remitted to the taxing authority. 
 (iii) Any
reimbursement of expenses incurred by the Executive due to a tax audit or litigation addressing the existence or amount of a tax liability shall be paid no later than the last day of the Executive’s taxable year following the taxable year in
which the taxes that are the subject of the audit or litigation are remitted to the taxing authority or, where as a result of such audit or litigation no taxes are remitted, no later than the last day of the Executive’s taxable year following
the taxable year in which the audit is completed or there is a final and nonappealable settlement or other resolution of the litigation. 
 7. Notice of Termination. During the Protected Period, any purported termination by the Company of the Executive’s employment for Cause or Disability, or by the Executive for Good Reason, shall be communicated by notice of
termination to the other party. A notice of termination shall include the specific reason for termination relied upon and shall set forth in reasonable detail, the facts and circumstances claimed to provide a basis for termination of employment. Any
dispute by a party hereto regarding a notice of termination delivered to such party must be conveyed to the other party within 30 days after the notice of termination is given. If the particulars of the dispute are not conveyed within the 30-day
period, then the disputing party’s claims regarding the termination shall be deemed forever waived. 
 8. Successors; Binding
Agreement. 
 (a) The Company will require any successor or assign (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the Company, by agreement in form and substance satisfactory to the Executive, expressly, absolutely and unconditionally to assume and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. Any failure of the Company to obtain such agreement prior to the effectiveness of any such succession or
assignment shall be a material breach of this Agreement and shall entitle the Executive to terminate the Executive’s employment for Good Reason, whereupon the Executive shall be entitled to receive the payments and other benefits described in
this Agreement as though such termination had occurred upon or after the occurrence of a Change in Control. 
 (b) This Agreement shall inure
to the benefit of and be enforceable by the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amounts are still payable to
the Executive hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the
Executive’s estate. 
  

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 9. Notice. For purposes of this Agreement, notices and all other communications provided for in
the Agreement shall be in writing and shall be deemed to have been duly given when personally delivered, sent by reliable overnight courier or mailed by United States registered mail (or its equivalent for overseas delivery), return receipt
requested, postage prepaid, and addressed as follows: 
 If to the Company: 
 H.B. Fuller Company 
 P.O. Box 64683

 St. Paul, MN 55164-0683 
 Attention: General Counsel; or 
 If to the Executive, to the Executive’s most recent address on file with the Company;

 or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt. 
 10. Modifications; Waiver. No provision of this Agreement may be modified, waived or discharged
unless such waiver, modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 
 11. Legal Expenses. If the Executive institutes or defends any legal action to enforce the Executive’s rights under, or to defend the validity of, this Agreement, and if the Executive prevails in such
legal action, the Executive shall be entitled to recover from the Company any actual expenses for attorney’s fees and disbursements incurred by the Executive during the period commencing on the Executive’s Date of Termination and ending on
the date of the Executive’s death. Any reimbursement of expenses incurred by the Executive for such purposes shall be paid no later than the last day of the Executive’s taxable year following the taxable year in which the expenses are
incurred, and no earlier than: (i) the date that is six months after the Executive’s Date of Termination, or (ii) the date of the Executive’s death, whichever first occurs. 
 12. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. 
 13. Severability; Code Section 409A. If any provision of this Agreement is held by a court of competent jurisdiction to be prohibited by or
invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. This Agreement is intended to
satisfy the requirements for nonqualified deferred compensation plans set forth in Section 409A of the Code, and it shall be interpreted, administered and construed consistent with said intent. 
  

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 14. Restrictive Covenants. In consideration of the payments and benefits provided to the Executive
pursuant to this Agreement, the Executive agrees as follows: 
 (a) The Executive agrees that he or she will not make
statements, publicly or otherwise, which disparage or are adverse to the interests of the Company. 
 (b) The Executive agrees
that all information, facts or occurrences relating to: (i) all negotiations leading to any Change in Control; (ii) the existence and contents of this Agreement; and (iii) all formulas, processes, customer lists, computer user
identifiers and passwords, and all purchasing, engineering, accounting, marketing and other information, not generally known and proprietary to the Company, including but not limited to, information relating to research, development, manufacturing,
marketing or sale of the Company’s products shall be and are hereby deemed to be confidential information (“Confidential Information”) of the Company. The Executive agrees not to use or disclose any Confidential Information except by
written consent of the Company. 
 If the Executive breaches this provision, the Company retains the right to seek equitable or other legal relief, including
an immediate refund of moneys paid hereunder. 
 15. Other Benefits. The specific arrangements referred to in this Agreement are not
intended to exclude Executive’s participation in other benefits available to executive personnel generally, or to preclude other compensation or benefits as may be authorized by the Company from time to time. 
 16. Entire Agreement. This Agreement contains all of the representations, agreements, and understandings between the Company and the Executive
pertaining to the payment of Termination Benefits in the event of a change in control, and supersedes any other agreements regarding the provision of Termination Benefits. 
 * * * * * 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

			
	H.B. FULLER COMPANY
		
	By:	 	  

		
	As its:	 	  

	
	  

	
	[Executive]

  

 -11-Amendment No. 2, dated January 16, 2009, to Credit Agreement

 Exhibit 10.17 
 AMENDMENT NO. 2 
 Dated as of January 16, 2009 
 to 
 CREDIT AGREEMENT 
 Dated as of December 14, 2005 
 THIS AMENDMENT NO. 2 (this
“Amendment”) is made as of January 16, 2009 by and among H.B. Fuller Company (the “Company”), the financial institutions listed on the signature pages hereof (the “Lenders”) and JPMorgan Chase
Bank, National Association, as Administrative Agent (the “Agent”), under that certain Credit Agreement dated as of December 14, 2005 by and among the Company, the Lenders and the Agent (the “Credit Agreement”).
Defined terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement. 
 WHEREAS, the Company, the Lenders party hereto and the Agent have agreed to amend the Credit Agreement on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company, the Lenders party hereto and the Agent have agreed to the following amendments to the Credit Agreement. 
 1. Amendments to
Credit Agreement. Effective as of November 28, 2008 but subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
 (a) The definition of “Alternate Base Rate” appearing in Section 1.01 of the Credit Agreement is hereby amended and restated in its
entirety to read as follows: 
 “Alternate Base Rate”
means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus
1%, provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing on the Reuters BBA Libor Rates Page 3750 (or on any successor or substitute page of such page) at approximately 11:00 a.m.
London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate,
the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 
 (b)The definition of “Consolidated EBITDA”
appearing in Section 1.01 of the Credit Agreement is hereby amended to add the following as a new clause (iv) thereof: 
 (iv) non-cash impairment losses related to long-lived assets, intangible assets or goodwill, 

 (c) The definition of “LIBO Rate” appearing in Section 1.01 of the Credit Agreement is
hereby amended to delete the phrase “Page 3750 of the Dow Jones Market Service” appearing therein and to replace such phrase with the phrase “Reuters BBA Libor Rates Page 3750”. 
 2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that the Agent shall have received
(i) counterparts of this Amendment duly executed by the Company, the Required Lenders and the Agent and the Consent and Reaffirmation attached hereto duly executed by the Subsidiary Guarantors, (ii) such other instruments and documents as
are reasonably requested by the Agent, (iii) from the Company for the account of each Lender that executes and delivers its signature page hereto by such time as is requested by the Agent, an amendment fee equal to an amount specified by the
Agent and (iv) from the Company payment and/or reimbursement of the Agent’s and its affiliates’ fees and reasonable out-of-pocket expenses (including reasonable legal fees and expenses) in connection with this Amendment. 

3. Representations and Warranties of the Company. The Company hereby represents and warrants as follows: 
 (a) This Amendment and the Credit Agreement as amended hereby constitute legal, valid and binding obligations of the Company and are enforceable against
the Company in accordance with their terms. 
 (b) As of the date hereof and giving effect to the terms of this Amendment, (i) there
exists no Default or Event of Default and (ii) the representations and warranties contained in Article III of the Credit Agreement, as amended hereby, are true and correct, except for representations and warranties made with reference
solely to an earlier date. 
 4. Reference to and Effect on the Credit Agreement. 
 (a) Upon the effectiveness of Section 1 hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document
shall mean and be a reference to the Credit Agreement as amended hereby. 
 (b) Except as specifically amended above, the Credit Agreement
and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or the Lenders,
nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
 5. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. 
 6. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
  

 2 

 7. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number
of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 [Signature
Pages Follow] 
  

 3 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.

  

			
	H.B. FULLER COMPANY,
	        as the Company
		
	By:	 	 /s/ Cheryl A. Reinitz

	Name:	 	Cheryl A. Reinitz
	Title:	 	Vice President, Treasurer

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as
of December 14, 2005 

			
	 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Administrative Agent, as the Swingline Lender, as the Issuing
Bank and as a Lender

		
	By:	 	 /s/ Mike Kelly

	Name:	 	Mike Kelly
	Title:	 	Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 CITIBANK, N.A.,
as Syndication Agent and as a Lender

		
	By:	 	 /s/ Joronne Jeter

	Name:	 	Joronne Jeter
	Title:	 	Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 ABN AMRO BANK, N.V.,
individually as a Lender and as Co-Documentation Agent

		
	By:	 	 /s/ Michele Costello

	Name:	 	Michele Costello
	Title:	 	Director
		
	By:	 	 /s/ Nick Zorin

	Name:	 	Nick Zorin
	Title:	 	Assistant Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 BANK OF TOKYO-MITSUBISHI UFJ, LTD., CHICAGO BRANCH
individually as a Lender and as Co-Documentation Agent

		
	By:	 	 /s/ Victor Pierzchalski

	Name:	 	Victor Pierzchalski
	Title:	 	Authorized Signatory

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 BANK OF AMERICA, N.A.,
individually as a Lender and as Co-Documentation Agent

		
	By:	 	 /s/ Kenneth S. Struglia

	Name:	 	Kenneth S. Struglia
	Title:	 	Managing Director

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 U.S. BANK NATIONAL ASSOCIATION,
individually as a Lender

		
	By:	 	 /s/ Karen Weathers

	Name:	 	Karen Weathers
	Title:	 	Senior Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
individually as a Lender

		
	By:	 	 /s/ Brian Buck

	Name:	 	Brian Buck
	Title:	 	Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 THE NORTHERN TRUST COMPANY,
individually as a Lender

		
	By:	 	 /s/ Anu Agarwal

	Name:	 	Anu Agarwal
	Title:	 	Second Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 KEYBANK NATIONAL ASSOCIATION,
individually as a Lender

		
	By:	 	 /s/ Brian P. Fox

	Name:	 	Brian P. Fox
	Title:	 	Assistant Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 PNC BANK NATIONAL ASSOCIATION,
individually as a Lender

		
	By:	 	 /s/ Philip L. Liebscher

	Name:	 	Philip L. Liebscher
	Title:	 	Senior Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

			
	 NATIONAL CITY BANK OF THE MIDWEST,
individually as a Lender

		
	By:	 	 /s/ Derek R. Cook

	Name:	 	Derek R. Cook
	Title:	 	Senior Vice President

  

 Signature Page to Amendment No. 2 
 H.B. Fuller Company 
 Credit Agreement dated as of December 14, 2005 

 CONSENT AND REAFFIRMATION 
 Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 2 to the Credit Agreement dated as of December 14, 2005 (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) by and among H.B. Fuller Company (the “Company”), the financial institutions from time to time party thereto (the “Lenders”) and
JPMorgan Chase Bank, National Association, in its individual capacity as a Lender and in its capacity as contractual representative (the “Agent”), which Amendment No. 2 is dated as of January 16, 2009 (the
“Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Agent or any
Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of the Subsidiary Guaranty and any other Loan Document executed by it and acknowledges and agrees that such agreement and each and every such Loan
Document executed by the undersigned in connection with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above-referenced documents shall
be a reference to the Credit Agreement as so modified by the Amendment and as the same may from time to time hereafter be amended, modified or restated. 
 Dated: January 16, 2009 
  

			
	SPECIALTY CONSTRUCTION BRANDS, INC.
		
	By:	 	 /s/ Cheryl A. Reinitz

	Name:	 	Cheryl A. Reinitz
	Title:	 	Vice President, Treasurer

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