Document:

EXHIBIT
		10(xxiii)(a)

	 

	 FIRST
		AMENDMENT TO THE STANLEY WORKS 2006 MANAGEMENT INCENTIVE PLAN

	 

	 The
		Stanley Works (the "Company") hereby adopts this Amendment No. 1 (the
		"Amendment") to The Stanley Works 2006 Management Incentive Compensation Plan
		(the "Plan"). Capitalized terms not defined in this Amendment shall have the
		meaning set forth in the Plan. This Amendment is effective with respect to all
		awards granted on or after December 12, 2006. Except as amended hereunder, all
		other terms and conditions of the Plan shall remain in full force and
		effect.

	 

	 
			1.	
				Section
				  7(h) of the Plan is hereby deleted in its entirety and replaced with the
				  following:
 

 

	 

	 
			 	
				Change
				  in Control.
				  Notwithstanding any provision in the Plan to the contrary, upon a Change in
				  Control, unless otherwise determined by the Committee with respect to an Award
				  at the time of its grant, each outstanding Award shall be cancelled and in
				  respect of his or her cancelled Award a Participant shall receive a pro rata
				  portion of the Award, calculated by assuming the achievement of the applicable
				  Performance Goal or Performance Goals at target levels and then multiplying
				  this amount by a fraction, the numerator of which is the number of days
				  completed in the Performance Period prior to the Change in Control and the
				  denominator of which is the total number of days in the Performance Period. The
				  pro rata portion of the Award shall be paid in cash as soon as practicable
				  following the Change in Control. In addition, if any Award which a Participant
				  earned under the Plan during any Performance Period which ended prior to the
				  Change in Control has neither been paid to the Participant nor credited to such
				  Participant under a deferred compensation plan maintained or sponsored by the
				  Company or an Affiliate prior to the Change in Control, such Award shall be
				  paid to the Participant as soon as practicable and in no event later than the
				  later of (i) March 1st
				  following the year in respect of which the Award was earned or (ii) the
				  fifteenth day following the Change in Control. After a Change in Control, the
				  Committee may not exercise the discretion referred to in Section 5(b) to
				  decrease the amount payable in respect of any Award which is outstanding
				  immediately prior to the occurrence of the Change in Control.

				

 

	 

	 
			 	 	 
	 	THE STANLEY
				WORKS
	 
 	 
 	 
 
	 	By:  	 
	 	Its:	Vice President, Human
				ResourcesEXHIBIT
      10(xxv)

    

    SUMMARY
      OF TERMS OF AWARDS FOR FISCAL 2007 PURSUANT TO 

    THE
      STANLEY WORKS 2006 MANAGEMENT INCENTIVE COMPENSATION PLAN

    

    Under
      The
      Stanley Works 2006 Management Incentive Compensation Plan, each participant
      has
      the opportunity to earn a threshold, target or maximum bonus amount that is
      contingent upon achieving the financial and individual performance goals
      established under the Program and described below. A significant percentage
      of
      the potential 2007 bonus for participants based in specific divisions is tied
      to
      the performance of that division, with the balance of such bonus tied to
      corporate performance. 2007 Bonuses for participants fulfilling corporate,
      but
      not divisional, functions are dependent on achieving the established corporate
      goals and will not be affected by results of particular divisions. Bonus amounts
      based on results that fall below threshold, between the threshold and the target
      level or between the target and the maximum level are prorated.

    

    The
      performance criteria under the Program are based on achievement in fiscal 2007
      of corporate earnings per share, sales growth and cash flow multiple targets,
      as
      well as individual performance goals and, for participants based in specific
      divisions, additional divisional performance criteria and goals.

    

    The
      potential bonus payment for 2007 for our Chief Executive Officer under this
      program, expressed as a percentage of his eligible salary, is 50% for
      achievement of performance at threshold level, 100% for achievement of
      performance at target level, and 200% for achievement of maximum
      performance.

    

    The
      potential bonus payments for each of our other four most highly compensated
      executive officers under this program, expressed as a percentage of their
      eligible salary, range from 30-50% for achievement of threshold performance,
      60-100% for achievement of target performance, and 120-160% for achievement
      of
      maximum performance.EXHIBIT
		10(xxvi)

	 

	 EMPLOYMENT
		AGREEMENT

	  

	 BETWEEN

	  

	 Stanley
		Doors France SAS, a “société par actions
		simplifiée” whose registered office is located at rue Auguste
		Jouchoux, ZI de Trepillot, 25000 Besançon, France, registered with the
		Registry of Trade and Companies of Besançon under number 307 104 315
		(the “Company”),
		represented by Mrs. Corinne Herzog, President, duly authorised for the purposes
		hereof, 

	 

	 AND

	 

	 Thierry
		Paternot, whose address is 59 avenue de la Bourdonnais, 75007 Paris, France
		(the “Executive”),

	  

	 IT
		IS HEREBY AGREED THAT:

	  

	 ARTICLE
		1 - JOB
		DESCRIPTION

	 

	 The
		Executive shall be employed by the Company as a senior executive (not as
		corporate officer) in the capacity of “President-Europe” for The
		Stanley Works’ tool’s business in Europe (“The
		Stanley Works Europe”).
		He shall also exercise the functions of “President and CEO”
		(Président-) of
		Facom SAS.

	 

	 In his
		capacity as the chief executive officer of The Stanley Works Europe, the
		Executive shall be responsible for leading and coordinating the activities of
		The Stanley Works Europe. In his capacity as President and CEO of Facom SAS,
		the Executive shall manage Facom SAS and ensure the smooth running of its
		corporate bodies. The Executive shall also perform such other tasks that are
		normally attached to his positions or specifically assigned to
		him.

	 

	 The
		Executive shall perform his functions under the authority and within the
		instruction scope he is provided with by the chief executive officer of The
		Stanley Works currently Mr.
		Lundgren or to
		any other manager designated by the Company for this purpose. 

	 

	 The
		Executive agrees to devote all of his attention and energies to the performance
		of the duties assigned to him and the development of the activities and
		promotion of the interests of The Stanley Works Europe and Facom SA. He shall
		perform such duties faithfully, diligently and to the best of his abilities and
		subject to such laws, rules, regulations and policies from 

	  

	 

	 
	 

	 
	  

	 time to
		time applicable to the Company’s employees. The Executive agrees to
		refrain from engaging in any activity that does, will or could reasonably be
		deemed to conflict with the best interests of The Stanley Works and
		Affiliates.

	 

	 This
		agreement is governed by the National Collective agreement for Metallurgy
		(“Convention
		Collective Nationale de la Métallurgie n°650”) (the
		“Collective
		Agreement”).
		

	 

	 ARTICLE
		2 - EXCLUSIVITY

	 

	 The
		Executive formally declares that he is not bound to any other company, that he
		has left his previous employer free from all obligations and that he is not
		presently subject to any non-competition clause whatsoever.

	 

	 The
		Executive undertakes to devote all his work time and effort for the exclusive
		benefit of the Company and he may therefore not exercise any other professional
		activity throughout the duration of this agreement without the prior written
		express approval of the Company.

	  

	 ARTICLE
		3 - DURATION
		OF AGREEMENT

	 

	 This
		agreement is entered into for an indefinite duration starting on the date of
		the acquisition of Facom SA by the Company or its affiliates (the
		“Closing
		Date”),
		without any trial period. 

	 

	 The
		Executive’s length of service shall be computed for all purposes, other
		than for a termination of employment, as from December 1st, 2002,
		which is the date on which he commenced employment with the Facom SA group.
		

	 

	 Each of
		the parties shall have the right to terminate this agreement at any time,
		subject to a prior written notice of six (6) months.

	 

	 The
		parties hereby acknowledge and agree that The Stanley Works and the Company
		have agreed to grant the Executive stock options, inter
		alia, to
		serve as a severance package. Therefore, any severance payment the Executive
		may be entitled to under the Collective Agreement and/or French law shall be
		considered as included into the gains made under the stock options granted
		under this Agreement.

	 

	 ARTICLE
		4 - REMUNERATION

	 

	 4.1
		The
		Executive will be paid, in remuneration for his activities, an annual gross
		base salary equal to two hundred and thirty thousand Euros (€230,000),
		which shall be paid to him in twelve monthly instalments.

	 

	 4.2
		To take
		into account the importance of the travels that the Executive shall be required
		to make and given the constraints associated with these travels and their
		frequency, the Executive is entitled to a travel allowance (“prime
		d’expatriation”). This
		allowance shall be proportionate to the number of travel days abroad per year.
		The travel allowance, to which 

	  

	 

	 
	 

	 
	 the
		Executive is entitled, shall be of one thousand Euros (€1,000) on average
		per day spent abroad in relation to his professional duties as Executive and
		will be subject to the legal applicable provisions, namely those of Article 81
		A II of the French Tax Code.

	  

	 4.3
		The
		Executive shall be entitled to an annual bonus depending on the attainment of
		performance targets. The targets shall be based on the agreed business plan, as
		revised as the case may be in light of the economic circumstances. The bonus
		payable for a given year shall be equal to a maximum of seven hundred fifty
		thousand Euros (€750,000) per year upon achievement of 100% of the
		targets. The bonus for a year, if payable, shall be paid in or prior to March
		of the following year. 

	 

	 4.4
		All the
		elements of remuneration cited above shall be subject to deduction of the
		employee’s share of social security, supplemental retirement, invalidity
		and death, unemployment insurance contributions, and CSG and CRDS, and any
		other applicable withholding.

	 

	 4.5 It is
		expressly agreed that any premium or bonus that may be granted by the Company,
		other than that granted in 4.2 and 4.3 above shall not be part of the
		remuneration and shall always remain a revocable grant.

	 

	 ARTICLE
		5 - STOCK
		OPTIONS

	 

	 The
		Executive shall be granted two hundred thousand (200,000) stock options of The
		Stanley Works on the later to occur of (i) the Closing Date or (ii) January
		1st, 2006. Such options shall be granted pursuant to the terms of the stock
		option certificate set forth in Exhibit
		A to this
		agreement. In respect of such stock options, the Executive hereby undertakes to
		meet any and all obligations necessary to be entitled, and allow the Company
		and The Stanley Works to be entitled, to the benefit of favorable tax and
		social security treatment provided by Articles 80 bis and 163 bis C of the
		French Tax Code and by the second paragraph of Article L. 242-1 of the French
		Social Security Code, as such may be amended or succeeded from time to
		time.

	 

	 ARTICLE
		6 - SHARES

	 

	 The
		Executive shall be granted free shares (restricted stock) of The Stanley Works
		on the later to occur of (i) the Closing Date or (ii) January 1st, 2006 with a
		value of one million five hundred thousand Euros (€1,500,000). The number
		of such shares that the Executive shall be entitled to retain, if any, shall be
		determined in accordance with the terms and conditions of Long Term Performance
		Award Program (the “Program”) under The Stanley Works’ 1997 or
		2001 Long Term Incentive Plans, as amended, for the 2006-2008 performance
		period as soon as reasonably practicable after the completion of such period.
		It is the intention of the parties that the general terms and conditions of the
		Program that apply to the Executive shall operate in the same manner as apply
		to other senior The Stanley Works executives, but that the Program shall be
		modified to provide for the initial grant of actual shares in order to achieve
		favorable tax treatment and to comply with French tax and legal requirements.
		

	  

	 

	 
	 

	 
	 Attached
		as Exhibit B is a description of the 2005-2007 Program. The Company and The
		Stanley Works expect the 2006-2008 Program to be similar, but retain the right
		to modify the Program in any manner except that, with respect to the Executive,
		such modifications shall not be inconsistent with the following: (i) if
		threshold, target or maximum performance is achieved under the Program, the
		Executive shall be entitled to retain, respectively, one-third (1/3),
		two-thirds (2/3) and one hundred percent (100%) of the shares granted to him
		pursuant the Program for the 2006-2008 performance period; (ii) for performance
		between these benchmarks, the number of shares the Executive shall be entitled
		to retain shall be pro rated in the manner as apply to other The Stanley Works
		executives; (iii) the free shares granted pursuant to this Article 6 shall be
		granted in book entry form and shall not be entitled to receive any dividends
		or enjoy voting rights until the number of shares the Executive is entitled to
		retain has been determined in accordance with the Program for the 2006-2008
		performance period.

	 

	 In
		respect of the shares to be granted pursuant to the Program, the Executive
		hereby undertakes to meet any and all obligations necessary to be entitled, and
		allow the Company and The Stanley Works to be entitled, to the benefit of
		favorable tax and social security treatment provided by Articles 80
		quaterdecies and 200 A. bis of the French Tax Code and by the second paragraph
		of Article L. 242-1 of the French Social Security Code, as such may be amended
		or succeeded from time to time.

	  

	 ARTICLE
		7 - PLACE
		OF WORK

	 

	 The
		Executive’s place of work shall be in Ile
		de France.

	 

	 In
		addition, it is expressly understood and agreed that the Executive will be
		required to travel in France, Europe or overseas in fulfilment of his duties as
		reasonably required.

	 

	 

	 
	 

	 
	 ARTICLE
		8 - WORKING
		TIME

	 

	 The
		Executive’s remuneration, as defined in Article 4 above, which was agreed
		upon in light of both the special nature of the functions assigned to him and
		the importance of his responsibilities, will remain independent of the time
		that the
		Executive, who
		benefits from the largest autonomy in the organization of his working time,
		will devote to the performance of his functions.

	 

	 Regarding
		both his remuneration and the importance of his responsibilities, the
		Executive shall be
		considered as a key executive (“cadre
		dirigeant”)
		in accordance with the provisions of article L. 212-15-1 of the French Labor
		code and therefore he will not be governed by most of the legal and
		conventional rules on working hours.

	 

	 ARTICLE
		9 - EXPENSES

	 

	 The
		Executive shall be reimbursed his reasonable business expenses actually
		incurred in carrying out his duties, upon presentation of the relevant receipts
		and in conformity with the Company’s expense reimbursement
		policy.

	 

	 ARTICLE
		10 - COMPANY
		CAR

	 

	 The
		Company will provide the Executive with an automobile of the type Volvo S80
		with a driver for use in the execution of his duties, which shall remain the
		Company’s property. The automobile is provided for business use. The
		Executive is, however, authorized to make personal use of the vehicle outside
		the execution of his duties, on condition that he pays for the fuel expenses
		that correspond to such personal use.

	 

	 The
		personal use of the company car shall be deemed a benefit in kind, subject to
		the applicable social security contributions and tax applicable within the
		Company.

	 

	 Subject
		to the submission of adequate invoices and receipts and a record of the
		kilometers effected, the Company shall reimburse the Executive for the petrol
		and maintenance costs incurred for business use, in accordance with the
		Company’s internal rules and rates.

	 

	 Insurance
		costs relating to coverage of professional risks shall be paid for by the
		Company, which shall subscribe a fully comprehensive insurance policy. In the
		event of an accident, the Executive shall inform the management within a
		maximum period of 48 hours and shall comply with the law and the provisions
		contained in the insurance policy, so that the liability of the Company shall
		not be engaged in any respect whatsoever. The Executive represents that he
		holds a valid driving license as of the date hereof, and expressly undertakes
		to notify the Company of any suspension measures to which he may be
		subject.

	 

	 Subject
		to a one-month prior notice, the Company is entitled to withdraw the car for
		the Company’s needs. The vehicle must also be returned in the event of the
		termination of the Executive’s employment agreement for whatever grounds
		whatsoever and from the moment of the effective cessation of his
		duties.

	  

	 

	 
	 

	 
	 ARTICLE
		11 - SOCIAL
		BENEFITS

	 

	 The
		Executive shall benefit from all retirement and insurance benefits granted by
		the Company, including inter alia a supplemental medical insurance of the type
		currently provided to the Executive by Gras Savoye. 

	 

	 ARTICLE
		12 - PAID
		VACATION

	 

	 The
		Executive shall be entitled to vacation as provided by law and by the
		Collective Bargaining agreement. Holiday periods shall be set by agreement
		between the Company and the Executive, taking into account business
		requirements.

	 

	 ARTICLE
		13 - CONFIDENTIALITY

	 

	 The
		Executive shall not, directly or indirectly, either during the period of his
		employment or after the termination thereof, give, procure or supply, in any
		manner whatsoever, to any person, firm, association or company, the name or
		address of any client of The Stanley Works or company controlled by,
		controlling, or under common control with The Stanley Works, including but not
		limited to the Company and Facom SA (“The Stanley Works and
		Affiliates”), or any trade secret or confidential information concerning
		the business of The Stanley Works and Affiliates and their personnel, except
		with the written authorization of a representative of The Stanley
		Works.

	 

	 Information
		which is considered confidential includes, in particular, all technical,
		commercial or financial information (whether or not this information is
		recorded in a written document or in any other medium) which relates to The
		Stanley Works, its subsidiaries, shareholders or representatives.

	 

	 ARTICLE
		14 - NON-SOLICITATION
		UNDERTAKING

	 

	 The
		Executive undertakes, for a period of two (2) years as from the date of his
		actual departure from the Company not to propose to any person who was, at the
		time of the Executive’s actual departure or during the twelve (12) months
		preceding his departure, an employee of The Stanley Works and Affiliates, or to
		attempt by any means, directly or indirectly, to persuade or incite this person
		to accept another employment or to leave The Stanley Works and
		Affiliates.

	 

	 ARTICLE
		15 - RETURN
		OF DOCUMENTS AND INFORMATION

	 

	 On the
		day of the termination of his responsibilities in the Company, the Executive
		shall promptly return any material or assets in whatever form which have been
		put at his disposal by The Stanley Works and Affiliates, including the company
		car, together with all written documents or recordings containing confidential
		information as described above.

	 

	 

	 
	 

	 
	 ARTICLE
		16 - NON-COMPETITION

	 

	 Given
		the extreme sensitiveness of the know-how and technical and commercial
		information to which the Executive has access in the framework of his functions
		and the extremely competitive nature of the activities of The Stanley Works and
		Affiliates, the parties expressly agree on the necessity of a non-compete
		obligation in order to protect the legitimate interests of The Stanley Works
		and Affiliates. Moreover, the Executive understands that in light of his
		training, this provision does not hinder his capacity to find a new
		position.

	 

	 In the
		event this agreement is terminated by either of the parties, for any reason
		whatsoever, the Executive expressly undertakes not to enter the service of
		another company or division of a company in the European Union manufacturing or
		selling products or services that could compete with those of The Stanley Works
		and Affiliates, to create in the European Union a firm of the same type or to
		participate directly or indirectly therein in any capacity.

	 

	 For this
		purpose, the Executive undertakes, in particular, for any product or service
		that might compete with the products or services of The Stanley Works and
		Affiliates, not to visit or contact their clients or to deal with any
		individual or company that was a client of The Stanley Works and Affiliates and
		with whom the Executive was in contact at any time during the three (3) years
		preceding his actual departure from the Company.

	 

	 It is
		expressly agreed that the performance of this clause is limited to a period
		of one
		year, renewable one time at the Company’s option for an additional year,
		as from the date of the Executive’s actual departure from the
		Company.

	 

	 During
		this period of non-competition, the Executive will receive a monthly indemnity
		corresponding to 60%
		of his
		average monthly salary received over the last 12 months preceding the
		termination of the employment agreement, it being understood that this
		indemnity will be subject to social security contributions.

	 

	 It is
		agreed that, in any case, the Company shall be entitled waive this clause,
		provided however that it informs the Executive thereof by registered letter
		with return receipt requested within the eight (8) days following the
		notification of the termination of the employment agreement.

	 

	 The
		parties expressly agree that each restriction mentioned above applies and must
		be interpreted independently from the others so that if one of the restrictions
		is considered void, the others will remain in force and produce their
		effect.

	  

	 

	 
	 

	 
	 ARTICLE
		17 - PENALTY
		CLAUSE

	 

	 Any
		violation of the provisions stipulated in articles 2 (exclusivity), 13
		(confidentiality), 14 (non-solicitation) and 16 (non-competition) above shall
		be sanctioned by the payment of an indemnity at least equal to the remuneration
		received by the Executive during the last six months of the existence of this
		agreement, although the Company reserves the right to prove a greater prejudice
		and to obtain the cessation of the violation and obtain compensation by all
		legal means.

	 

	 ARTICLE
		18 - GOVERNING
		LAW - COMPETENT COURTS - ASSIGNMENT

	 

	 This
		agreement is governed by French law, both with respect to its performance and
		its termination. Any dispute relating hereto shall be subject to the exclusive
		jurisdiction of the French courts. The Company may assign this agreement to any
		French affiliate of The Stanley Works.

	  

	 ARTICLE
		19 - ENTIRE
		AGREEMENT

	 

	 This
		agreement replaces and supersedes any prior oral or written agreement or
		statement with respect to the terms of the Executive’s employment with the
		Company. 

	  

	 

	 
			
				Executed
				  in two (2) originals, on 
_____________

				 

				 
 	 	 
	 
				

				For
				  the Company

				by
				  Mrs. Corinne Herzog, President
 	 	 
				

				The
				  Executive
 
	
				 
 	 	
				 
 
	 	 	 

 

	 

	  

	 

	 
	 

	 
	 STANLEY
		DOORS SAS

	 24
		rue Jouchoux

	 25009
		Besançon

	 

	 

	 
			 	
				Thierry
				  Paternot

				59
				  Avenue de la Bourdonnais

				75007
				  Paris
 

 

	 
		 
 

	 February
		18 2006

	 

	 Sir,

	 

	 Following
		our various discussions related to the remuneration described in your works
		contract dated 15 February 2006.

	 

	 We
		hereby gladly confirm that the components of your remuneration as provided in
		sections 4.1 and 4.2 of your works contract, including your remuneration as
		corporate officer and President of Facom SAS will not, cumulatively, give rise
		to an annual gross remuneration of less than five hundred thousand Euros (500
		000€), nor be of more than such amount.

	 

	 As a
		matter of form, we thank you for sending us a copy of this document with your
		approval and signature.

	 

	 Sincerely
		yours

	  

	 
		
		  	 	 	 
	Corinne
				  Herzog	 	
				    Thierry
					 Paternot
 
	President

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