Document:

EX-10.3

 Exhibit 10.3 

RESTRICTED STOCK EQUIVALENT AWARD AGREEMENT 

In consideration of the mutual covenants contained herein, Energizer Holdings, Inc. (“Company”), and «Name»
(“Recipient”) hereby agree as follows: 
 ARTICLE I 

COMPANY COVENANTS 
 Company hereby
covenants: 
  

	1.	Award. 

 The Company, pursuant to its Energizer Holdings, Inc. Equity Incentive Plan (the
“Plan”), grants to Recipient a Restricted Stock Equivalent Award (“Restricted Equivalents”) of «Shares» restricted common stock equivalents (“Total Restricted Equivalents”). This Award Agreement is subject
to the provisions of the Plan and to the following terms and conditions, and is granted on [                    ] (“Date of Grant”). 

 

	2.	Vesting; Payment. 

 Provided that such Restricted Equivalents have not been forfeited or
earlier vested and settled pursuant to Section 5 below, one-fifth of the Restricted Equivalents will vest on each of the first five anniversaries of the Date of Grant subject to the provisions of this Award Agreement (each such date is
hereinafter referred to as a “Vesting/Payment Date”). 
 Upon the Vesting/Payment Date, the Company shall transfer to the
Recipient or his or her beneficiary one share of the Company’s $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her
beneficiary on, or as soon as practicable after the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such Vesting/Payment Date occurs, or, if later, the
15th day of the third month following the end of the month in which such Vesting/Payment Date occurs. 
  

	3.	Additional Cash Payment. 

 On the Vesting/Payment Date or accelerated vesting date
described in Section 4 below on which each Restricted Equivalent vests, the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any and less applicable withholding, that would have been
paid to the Recipient between the Date of Grant and such Vesting/Payment Date had such vested share of Common Stock been issued to the recipient in lieu of the Restricted Equivalent that so vested as well as any cash dividends for which the record
date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or, if applicable, the date shares are distributed pursuant to Section 4
below. No interest shall be included in the calculation of such additional cash payment. 

  
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	4.	Acceleration. 

 Notwithstanding the provisions of Section 2 above, all Restricted
Equivalents then outstanding will immediately vest, in the event of: 
 (a) the Recipient’s death; 

(b) the Recipient’s Disability; or 

(c) a Change of Control of the Company. 

Notwithstanding the foregoing or the provisions of Section 2 above, a Pro-Rata Portion of Equivalents then outstanding will immediately
vest, in the event of: 
 (d) the Recipient’s Qualifying Termination; or 

(e) the Recipient’s voluntary termination of Employment that is not a Qualifying Termination Event (i) more than twelve
(12) months after the Date of Grant, and (ii) the Recipient (a) is at least 55 years of age and (b) has ten (10) or more Years of Service as of the date of Termination of Employment (together, the “Age and Service
Requirements”) 
 Upon vesting as described in Section 4(a) – (e), the Company shall transfer to the Recipient or his or her beneficiary one
share of the Company’s Common Stock for each Restricted Equivalent that so vests. All Equivalents that do not vest upon the occurrence of an event described in Section 4(d) and (e) above shall be forfeited upon the occurrence of such
Termination of Employment. 
 For accelerated vesting that occurs as a result of an event described in Section 4(a) – (d), such shares of Common
Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after, the date of the Recipient’s death, determination of Disability, or the date of the Change of Control, but in no event later than the last day
of the calendar year in which the accelerated vesting date occurs, or, if later, the 15th day of the third month following the end of the month in which such accelerated payment date occurs. 

For accelerated vesting that occurs as a result of an event described in Section 4(e) above, such shares of Common Stock shall be issued to the Recipient
or his or her beneficiary, on the first business day of the seventh month following the date of such Termination of Employment. 
 Notwithstanding the
foregoing, if the Recipient could, prior to any Vesting / Payment Date during the term of this Agreement, satisfy the Age and Service Requirements, for accelerated vesting that occurs as a result of an event described in Section 4(d) above,
such shares of Common Stock shall be issued to the Recipient or his or her beneficiary, on the first business day of the seventh month following the date of such Termination of Employment. 

 

	5.	Forfeiture. 

 All rights in and to any and all Restricted Equivalents granted pursuant to
this Award Agreement, and to any shares of Common Stock that would be issued to the Recipient in connection with the vesting of such Restricted Equivalent, which have not vested by the Vesting/Payment Date, as described in Section 2 above, or
as described in Section 4 above, shall 

  
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be forfeited. In addition, all rights in and to any and all Restricted Equivalents granted pursuant to this Award Agreement which have not vested in accordance with the terms hereof, and to any
shares of Common Stock that would be issued to the Recipient in connection with the vesting of such Restricted Equivalent, shall be forfeited upon: 
  

	 	(a)	a Termination of Employment other than as described in Section 4(d) and (e) above; or 

  

	 	(b)	a determination by the Committee that the Recipient engaged in competition with the Company or other conduct contrary to the best interests of the Company in violation of Article II of this Agreement. 

 

	6.	Shareholder Rights; Adjustment of Equivalents. 

 Recipient shall not be entitled, prior
to the issuance of shares of Common Stock in connection with the vesting of a Restricted Equivalent, to any rights as a shareholder with respect to such shares of Common Stock, including the right to vote, sell, pledge, transfer or otherwise dispose
of the shares. Recipient shall, however, have the right to designate a beneficiary to receive such shares of Common Stock under this Award Agreement, subject to the provisions of Section V of the Plan. The number of Restricted Equivalents credited
to Recipient shall be adjusted in accordance with the provisions of Section VI(F) of the Plan. 
  

	7.	Other. 

 The Company reserves the right, as determined by the Nominating and Executive
Compensation Committee of the Board of Directors of the Company (the “Committee”), to convert the Restricted Equivalents granted pursuant to this Award Agreement to a substantially equivalent award and to make any other modification it may
consider necessary or advisable to comply with any applicable law or governmental regulation, or to preserve the tax deductibility of any payments hereunder. Notwithstanding the foregoing, the Company shall not so convert such Restricted Equivalents
to the extent such conversion could result in the imposition of negative tax consequences for the Recipient under Code Section 409A. Shares of Common Stock shall be withheld in satisfaction of federal, state, and local or other international
withholding tax obligations arising upon the vesting of Equivalents. Shares of Common Stock tendered as payment of required withholding shall be valued at the Fair Market Value of the Company’s Common Stock on the date such withholding
obligation arises. 
  

	8.	Code Section 409A. 

 It is intended that this Award Agreement be exempt from or
comply with the requirements of Code Section 409A. The Plan will be administered and interpreted in a manner consistent with this intent, and any provision that would cause the Agreement to fail to satisfy Code Section 409A will have no
force and effect until amended to comply therewith (which amendment may be retroactive to the extent permitted by Code Section 409A). Notwithstanding anything herein to the contrary, in the event that the Recipient is a “specified
employee” of the Company within the meaning of Code Section 409A, any Shares of Common Stock or other amounts payable hereunder on account of the Recipient’s Termination of Employment that

  
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constitute “deferred compensation” within the meaning of Code Section 409A shall be paid on the first business day of the seventh month following such Termination of Employment,
but only to the extent required to avoid adverse tax consequence to the Recipient under Code Section 409A. 
  

	9.	Definitions. 

 Except as otherwise provided below, all defined terms in this Award
Agreement shall have the same meaning as such defined term has in the Plan: 
 Cause shall mean (i) the failure of a Recipient to make a good
faith effort to substantially perform his or her duties (other than any such failure due to the Recipient’s Disability) or Recipient’s insubordination with respect to a specific directive of the Recipient’s supervisor or officer to
which the Recipient reports directly or indirectly (or the Board if the Recipient reports to the Board); (ii) Recipient’s dishonesty, negligence in the performance of his or her duties hereunder or engaging in willful misconduct, which in
the case of any such negligence, has caused or is reasonably expected to result in direct or indirect material injury to the Company or its subsidiaries; (iii) breach by the Recipient of any material provision of any written agreement with the
Company or its subsidiaries or material violation of any Company or its subsidiary policy applicable to the Recipient; or (iv) Recipient’s commission of a crime that constitutes a felony or other crime of moral turpitude or fraud. If,
subsequent to Recipient’s termination of employment hereunder for other than Cause, it is determined in good faith by the Company that Recipient’s employment could have been terminated for Cause hereunder, Recipient’s employment
shall, at the election of the Company, be deemed to have been terminated for Cause retroactively to the date the events giving rise to Cause occurred. 

Disability shall mean the Recipient is unable to perform the required duties in relation to their current occupation by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, provided that such disability results in the Recipient being considered
“disabled” for purposes of Code Section 409A. 
 Good Reason shall mean the occurrence of any of the following circumstances: 

 

	 	(i)	a material diminution of Recipient’s base compensation or bonus opportunity; 

  

	 	(ii)	a material diminution of Recipient’s authority, duties, or responsibilities; or 

  

	 	(iii)	a change in the principal place of Recipient’s employment to a location more than fifty (50) miles distant from the Recipient’s then current principal place of employment. 

Notwithstanding the foregoing, Good Reason will not be deemed to exist unless (i) the Recipient notifies the Company of the existence of the condition
giving rise to such Good Reason within 90 days of the initial existence of such condition, (ii) the Company does not cure such condition within 30 days of such notice, and (iii) the Recipient experiences a voluntary Termination of
Employment within 120 days of the initial occurrence of such condition. 

  
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 Pro-Rata Portion of Equivalents shall mean a the number of Restricted Equivalents subject to this Award
Agreement multiplied by a fraction, the numerator of which is the number of months in the period which begins on the Date of Grant and ends on the date of the Recipient’s Termination of Employment, and the denominator of which is the number of
months from the Date of Grant to the final Vesting/Payment Date. In no event will the Pro-Rata Portion of Equivalents include any Restricted Equivalents that have vested upon a Vesting/Payment Date that occurred prior to the Recipient’s
Termination of Employment, and any such awards that have so vested upon a prior Vesting/Payment Date shall be subtracted from the Restricted Equivalents that would, absent the occurrence of prior such Vesting/Payment Date, have been included in the
Pro-Rata Portion of Equivalents. 
 Qualifying Termination Event shall mean an involuntary Termination of Employment without Cause or voluntary
Termination of Employment by Recipient for Good Reason. 
 Termination of Employment shall mean a “separation from service” with the
Company and its affiliates within the meaning of Code Section 409A. 
 Years of Service shall mean the number of years of service the Recipient
is credited with for vesting purposes under any U.S. qualified plan maintained by the Company, regardless of whether the Recipient is a participant in such plan. 

ARTICLE II 

RECIPIENT COVENANTS 
 Recipient
hereby covenants: 
  

	1.	Confidential Information. 

 By executing this Award Agreement, I agree that I shall not,
directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of my assigned duties and for the benefit of the Company, either during the period of my employment or at any time
thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating to the Company, any of its affiliates, or their businesses, which I shall have obtained during my employment by the Company or an affiliate. The foregoing
shall not apply to information that (a) was known to the public prior to its disclosure to me; (b) becomes known to the public subsequent to disclosure to me through no wrongful act of mine or any of my representatives; or (c) I am
required to disclose by applicable law, regulation or legal process (provided that I provide the Company with prior notice of the contemplated disclosure and reasonably cooperate with the Company at its expense in seeking a protective order or other
appropriate protection of such information). Notwithstanding clauses (a) or (b) of the preceding sentence, my obligation to maintain such disclosed information in confidence shall not terminate if only portions of the information are in
the public domain. 

  
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	2.	Non-Competition. 

 By executing this Award Agreement, I acknowledge that my services are
of a unique nature for the Company that are irreplaceable, and that my performance of such services for a competing business will result in irreparable harm to the Company and its affiliates. Accordingly, during my employment with the Company or any
affiliate and for the two (2) year period thereafter, I agree that I will not, directly or indirectly, own, manage, operate, control, be employed by (whether as an employee, consultant, independent contractor or otherwise, and whether or not
for compensation) or render services to any person, firm, corporation or other entity, in whatever form, engaged in any business of the same type as any business in which the Company or any of its affiliates is engaged on the date of termination or
in which they have proposed, on or prior to such date, to be engaged in on or after such date and in which I have been involved to any extent (on other than a de minimus basis) at any time during the two (2) year period ending with my date of
termination, in any locale of any country in which the Company or any of its affiliates conducts business. This subsection shall not prevent me from owning not more than one percent of the total shares of all classes of stock outstanding of any
publicly held entity engaged in such business. I agree that the foregoing restrictions are reasonable, necessary, and enforceable for the protection of the goodwill and business of the Company. 

 

	3.	Non-Solicitation. 

 During my employment with the Company or an affiliate and for the two
(2) year period thereafter, I agree that I will not, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, knowingly solicit, aid or induce (a) any employee of the Company or any
affiliate to leave such employment in order to accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated with the Company or knowingly take any action to hire or to materially assist or aid
any other person, firm, corporation or other entity in identifying or hiring any such employee, or (b) any customer of the Company or any affiliate to purchase goods or services then sold by the Company or any affiliate from another person,
firm, corporation or other entity or assist or aid any other persons or entity in identifying or soliciting any such customer. I agree that the foregoing restrictions are reasonable, necessary, and enforceable in order to protect the Company’s
trade secrets, confidential and proprietary information, goodwill, and loyalty. 
  

	4.	Non-Disparagement. 

 I agree not to make any statements that disparage the Company or its
affiliates or their respective employees, officers, directors, products or services, and the Company, by its execution of this Award Agreement agrees that it and its affiliates and their respective executive officers and directors shall not make any
such statements regarding me. Notwithstanding the foregoing, statements made in the course of sworn testimony in administrative, judicial or arbitral proceedings (including, without limitation, depositions in connection with such proceedings) shall
not be subject to this subsection. 
  

	5.	Reasonableness. 

 In the event any of the provisions of this Article II shall ever be
deemed to exceed the time, scope or geographic limitations permitted by applicable laws, then such provisions shall be reformed to the maximum time, scope or geographic limitations, as the case may be, permitted by applicable laws. 

  
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	6.	Equitable Relief. 

  

	 	(a)	I acknowledge that the restrictions contained in this Article II are reasonable and necessary to protect the legitimate interests of the Company and its affiliates, that the Company would not have granted me this Award
Agreement in the absence of such restrictions, and that any violation of any provisions of this Article II will result in irreparable injury to the Company and its affiliates. By agreeing to accept this Award Agreement, I represent that my
experience and capabilities are such that the restrictions contained herein will not prevent me from obtaining employment or otherwise earning a living at the same general level of economic benefit as is currently the case. I further represent and
acknowledge that I have been advised by the Company to consult my own legal counsel in respect of this Award Agreement, and I have had full opportunity, prior to agreeing to accept this Award Agreement, to review thoroughly its terms and provisions
with my counsel. 

  

	 	(b)	I agree that the Company shall be entitled to preliminary and permanent injunctive relief, without the necessity of proving actual damages, as well as an equitable accounting of all earnings, profits and other benefits
arising from any violation of this Article II, which rights shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled. 

 

	 	(c)	I irrevocably and unconditionally consent to the service of any process, pleadings notices or other papers in a manner permitted by law. 

 

	7.	Waiver; Survival of Provisions. 

 The failure by the Company to enforce at any time any
of the provisions of this Article II or to require at any time performance by me of any provisions hereof, shall in no way be construed to be a release of me or waiver of such provisions or to affect the validity of this Award Agreement or any part
hereof, or the right of the Company thereafter to enforce every such provision in accordance with the terms of this Award Agreement. The obligations contained in this Article II shall survive the termination of my employment with the Company or any
affiliate and shall be fully enforceable thereafter. On April 30, 2014, the Company announced that it intends to pursue a plan to separate the Company’s Household Products and Personal Care divisions into two independent, publically traded
companies (the “Separation”). For purposes of this Article II, the term Company shall be deemed to include Energizer Holdings, Inc., its affiliates, and either of the two independent, publicly traded companies that result from the
Separation for whom I provide services following the Separation. 

  
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 ARTICLE III 

OTHER AGREEMENTS 
  

	1.	Governing Law. 

 All questions pertaining to the validity, construction, execution, and
performance of this Award Agreement shall be construed in accordance with, and be governed by, the laws of the State of Missouri, without giving effect to the choice of law principles thereof. 

 

	2.	Notices. 

 Any notices necessary or required to be given under this Award Agreement shall
be sufficiently given if in writing, and personally delivered or mailed by registered or certified mail, return receipt requested, postage prepaid, to the last known addresses of the parties hereto, or to such other address or addresses as any of
the parties shall have specified in writing to the other party hereto. 
  

	3.	Entire Agreement. 

 This Award Agreement constitutes the entire agreement of the parties
hereto with respect to the matters contained herein, and no modification, amendment, or waiver of any of the provision of this Award Agreement shall be effective unless in writing and signed by all parties hereto; provided that, no consent by the
Recipient is required to the extent the Company desires to accelerate payment under this Award Agreement in accordance with the provisions of Treasury Regulation Section 1.409A-3(j)(4). This Award Agreement constitutes the only agreement
between the parties hereto with respect to the matters herein contained. 
  

	4.	Waiver. 

 No change or modification of this Award Agreement shall be valid unless the
same is in writing and signed by all the parties hereto. No waiver of any provision of this Award Agreement shall be valid unless in writing and signed by the party against whom it is sought to be enforced. 

 

	5.	Counterparts; Effect of Recipient’s Signature. 

 This Award Agreement may be
executed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and
delivered to the other party, it being understood that both parties need not sign the same counterpart. The provisions of this Award Agreement shall not be valid and in effect until such execution by both parties. By the execution of this Award
Agreement, Recipient signifies that Recipient has fully read, completely understands, and voluntarily agrees with this Award Agreement consisting of nine (9) pages and knowingly and voluntarily accepts all of its terms and conditions. 

  
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	6.	Effective Date. 

 This Award Agreement shall be deemed to be effective as of the date
executed below by the Company. 
 IN WITNESS WHEREOF, the Company duly executed this Award Agreement as of
            , 2015 and Recipient duly executed it as of             , 2015. 

 

									
	ACKNOWLEDGED AND ACCEPTED:				ENERGIZER HOLDINGS, INC.
				
	  
				By:		  

	Recipient						Alan Hoskins
							President & Chief Executive Officer

  
 9EX-10.4

 Exhibit 10.4 

CHANGE OF CONTROL 

EMPLOYMENT AGREEMENT 
 This Change of
Control Employment Agreement (the “Agreement”) by and between Energizer Holdings, Inc. (the “Company”) and
                    (“Executive”). 

WITNESSETH: 
 WHEREAS, the Company,
on behalf of itself, its subsidiaries and its stockholders, and any successor or surviving entity, wishes to encourage Executive’s continued service and dedication in the performance of his/her duties, notwithstanding the possibility, threat or
occurrence of a Change of Control of the Company; and 
 WHEREAS, the Board of Directors of the Company (the “Board”) believes that the
prospect of a pending or threatened Change of Control inevitably creates distractions and personal risks and uncertainties for its executives, and that it is in the best interests of Company and its stockholders to minimize such distractions to
certain executives, and the Board further believes that it is in the best interests of the Company to encourage its executives’ full attention and dedication to their duties, both currently and in the event of any threatened or pending Change
of Control; and 
 WHEREAS, the Board has determined that appropriate steps should be taken to reinforce and encourage the continued retention
of certain members of the Company’s management, including Executive, and the attention and dedication of management to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of
a Change of Control. 
 NOW, THEREFORE, in order to induce Executive to remain in the employ of the Company and in consideration of his/her
continued service to the Company, the Company agrees that Executive shall receive the benefits set forth in this Agreement in the event that Executive’s employment with the Company is terminated subsequent to a Change of Control in the
circumstances described herein, and the parties further agree as follows: 
  

	I.	Definitions. 

 The meaning of each defined term that is used in this Agreement is set forth below.

  

	 	(a)	AAA. The American Arbitration Association. 

  

	 	(b)	Accounting Firm. The meaning of this term is set forth in Subsection IV(f)(ii). 

  

	 	(c)	Additional Pay. The meaning of this term is set forth in Subsection IV(c). 

  

	 	(d)	After-Tax Amount. The meaning of the term is set forth in Subsection IV(f)(i). 

  

	 	(e)	Beneficiaries. The meaning of this term is set forth in Subsection VI(b). 

	 	(f)	Board. The meaning of this term is set forth in the second WHEREAS clause of this Agreement. 

  

	 	(g)	Business Combination. The meaning of this term is set forth in Subsection I(i)(iii). 

  

	 	(h)	Cause. For purposes of this Agreement, “Cause” shall mean Executive’s willful breach or failure to perform his/her employment duties. For purposes of this Subsection I(h), no act, or failure to
act, on the part of Executive shall be deemed “willful” unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that such action or omission was in the best interest of the Company. Notwithstanding
the foregoing, Executive’s employment shall not be treated as having been terminated for Cause unless the Company delivers to Executive, prior to or at Termination of Employment, a certificate of a resolution duly adopted by the affirmative
vote of not less than seventy-five percent (75%) of the entire membership of the Board at a meeting of the Board called and held for such purpose (after reasonable notice to Executive and an opportunity for Executive, together with
Executive’s counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive has engaged in such willful conduct and specifying the details of such willful conduct, 

 

	 	(i)	Change of Control. For purposes of this Agreement, a “Change of Control” shall be deemed to have occurred if there is a change of control of a nature that would be required to be reported in response to
Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is then subject to such reporting requirement; provided that, without
limitation, such a Change of Control shall be deemed to have occurred if: 

  

	 	(i)	any “person” (as such term is used in Sections 13(d) and 14(d)(2) as currently in effect, of the Exchange Act) is or becomes a “beneficial owner” (as determined for purposes of Regulation 13D-G, as
currently in effect, of the Exchange Act), directly or indirectly, of securities representing twenty percent (20%) or more of the total voting power of all of the Company’s then outstanding voting securities. For purposes of this
Agreement, the term “person” shall not include: (A) the Company or any of its Subsidiaries, (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries, or
(C) an underwriter temporarily holding securities pursuant to an offering of said securities; 

  

	 	(ii)	during any period of two (2) consecutive calendar years, individuals who at the beginning of such period constitute the Board and any new director(s) whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was previously so approved, cease
for any reason to constitute a majority of the Board; 

  
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	 	(iii)	the stockholders of the Company approve a merger, consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless following
such Business Combination: (i) all or substantially all of the individuals and entities who were the “beneficial owners” (as determined for purposes of Regulation 13D-G, as currently in effect, of the Exchange Act) of the outstanding
voting securities of the Company immediately prior to such Business Combination beneficially own, directly or indirectly, securities representing more than fifty percent (50%) of the total voting power of the then outstanding voting securities
of the corporation resulting from such Business Combination or the parent of such corporation (the “Resulting Corporation”); (ii) no “person” (as such term is used in Section 13(d) and 14(d) (2), as currently in effect,
of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or the Resulting Corporation, is the “beneficial owner” (as determined for purposes of Regulation 13D-G, as
currently in effect, of the Exchange Act), directly or indirectly, of voting securities representing twenty percent (20%) or more of the total voting power of then outstanding voting securities of the Resulting Corporation; and (iii) at
least a majority of the members of the board of directors of the Resulting Corporation were members of the Board at the time of the execution of the initial agreement, or at the time of the action of the Board, providing for such Business
Combination; 

  

	 	(iv)	the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company and such liquidation or dissolution is commenced; 

 

	 	(v)	a Section 409A Change of Control occurs; or 

  

	 	(vi)	any other event that a simple majority of the Board, in its sole discretion, shall determine constitutes a Change of Control. 

  

	 	(j)	Code. For purposes of this Agreement, “Code” shall mean the Internal Revenue Code of 1986, as amended. 

  

	 	(k)	Company. The meaning of this term is set forth in the first paragraph of this Agreement and in Subsection VI(a). 

  

	 	(l)	 Controlled Group. For purposes of this Agreement, “Controlled Group” shall mean a group including any corporation or other business
entity that from time to time is, along with the Company, a member of a controlled group of businesses, as defined in sections 414(b) and 414(c) of the Code, provided that the language “at least 50 percent” shall be used instead of
“at least 80 percent” each place it 

  
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appears in such test. A corporation or other business entity ceases to be a member of the Controlled Group when a sale or other disposition causes it to fall outside the definition of the term
Controlled Group. 

  

	 	(m)	Disability. For purposes of this Agreement, “Disability” shall mean an illness, injury or similar incapacity which 52 weeks after its commencement, continues to render Executive unable to perform the
material and substantial duties of Executive’s position or any substantially similar occupation or substantially similar employment for which Executive is qualified or may reasonably become qualified by training, education or experience. Any
question as to the existence of a Disability upon which Executive and the Company cannot agree shall be determined by a qualified independent physician selected by Executive (or, if Executive is unable to make such selection, by any adult member of
Executive’s immediate family or Executive’s legal representative), and approved by the Company, such approval not to be unreasonably withheld. The determination of such physician made in writing to both the Company and Executive shall be
final and conclusive for all purposes of this Agreement. 

  

	 	(n)	Employer. For purposes of this Agreement, “Employer” shall mean the Company or the Subsidiary, as the case may be, with which Executive has an employment relationship. 

 

	 	(o)	Exchange Act. This term shall have the meaning set forth in Subsection I(i). 

  

	 	(p)	Executive. This term shall have the meaning set forth in the first paragraph of this Agreement. 

  

	 	(q)	Excise Tax. This term shall have the meaning set forth in Subsection IV(f)(i). 

  

	 	(r)	Good Reason. For purposes of this Agreement, “Good Reason” shall mean the occurrence, without Executive’s prior express written consent, of any of the following circumstances: 

 

	 	(i)	The assignment to Executive of any duties inconsistent with Executive’s status or responsibilities as in effect immediately prior to a Change of Control, including imposition of travel obligations which differ
materially from required business travel immediately prior to the Change of Control; 

  

	 	(ii)	(A) A reduction in Executive’s annual base salary as in effect immediately before the Change of Control; or (B) the failure to pay a bonus award to which Executive is entitled under any short-term incentive
plan(s) or program(s), any long-term incentive plan(s) or program(s), or any other incentive compensation plan(s) or program(s) of Company in which Executive participated immediately prior to the time of the Change of Control; 

  
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	 	(iii)	A change in the principal place of Executive’s employment, as in effect immediately prior to the Change of Control to a location more than fifty (50) miles distant from the location of such principal place at
such time; 

  

	 	(iv)	The failure by the Company to offer Executive participation in incentive compensation or stock or stock option plans on at least a substantially equivalent basis, both in terms of the nature and amount of benefits
provided and the level of Executive’s participation, as is then being provided by the Company to similarly situated peer executives of the Company; 

  

	 	(v)	(A) Except as required by law, the failure by the Company to offer Executive benefits on at least a substantially equivalent basis, in the aggregate, to those then being provided by the Company to similarly situated
peer executives of the Company under the qualified and non-qualified employee benefit and welfare plans of the Company, including, without limitation, any pension, deferred compensation, life insurance, medical, dental, health and accident,
disability, retirement or savings plan(s) or program(s) offered by the Company; (B) the taking of any action by the Company that would, directly or indirectly, materially reduce or deprive Executive of any other perquisite or benefit then being
offered by the Company to similarly situated peer executives of the Company (including, without limitation, Company-paid and/or reimbursed club memberships, financial counseling fees and the like); or (C) the failure by the Company to treat
Executive under the Company’s vacation policy, past practice or special agreement in the same manner and to the same extent as then being provided by the Company to similarly situated peer executives of the Company; 

 

	 	(vi)	The failure of the Company to obtain a satisfactory written agreement from any successor prior to consummation of the Change of Control to assume and agree to perform this Agreement, as contemplated in Subsection VI(a);
or 

  

	 	(vii)	Any purported Termination of Employment by the Company of Executive that is not effected pursuant to a Notice of Termination satisfying the requirements of Subsection III(c) or, if applicable, Subsection I(h). For
purposes of this Agreement, no such purported Termination of Employment shall be effective except as constituting Good Reason. 

Executive’s continued employment with the Company or any Subsidiary shall not constitute a consent to, or a waiver of rights with respect to, any
circumstances constituting Good Reason hereunder. Any good faith determination of “Good Reason” made by the Executive shall be conclusive for purposes of this Agreement. 

 

	 	(s)	Notice of Termination. The meaning of this term is set forth in Subsection III(c). 

  
 5 

	 	(t)	Payments. The meaning of this term is set forth in Subsection IV(f)(i). 

  

	 	(u)	Resulting Corporation. The meaning of this term is set forth in Subsection f(i)(iii). 

  

	 	(v)	Retirement. For purposes of this Agreement, “Retirement” shall mean Executive’s voluntary Termination of Employment with the Company, other than for Good Reason, and in accordance with the
Company’s retirement policy generally applicable to its employees or in accordance with any prior or contemporaneous retirement agreement or arrangement between Executive and the Company. 

 

	 	(w)	Section 409A Change of Control. For purposes of this Agreement, “Section 409A Change of Control” shall mean: 

  

	 	(i)	The acquisition by one person, or more than one person acting as a group, of ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50% of the total fair market
value or total voting power of the stock of the Company. Notwithstanding the above, if any person or more than one person acting as a group, is considered to own more than 50% of the total fair market value or total voting power of the stock of the
Company, the acquisition of additional stock by the same person or persons will not constitute a Change of Control; 

  

	 	(ii)	The acquisition by one person, or more than one person acting as a group, of ownership of stock of the Company, that together with stock of the Company acquired during the twelve-month period ending on the date of the
most recent acquisition by such person or group, constitutes 30% or more of the total voting power of the stock of the Company. Notwithstanding the above, if any person or more than one person acting as a group is considered to own 30% or more the
total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons will not constitute a Change of Control; 

 

	 	(iii)	A majority of the members of the Company’s board of directors is replaced during any twelve-month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s
board of directors before the date of the appointment or election; or 

  

	 	(iv)	One person, or more than one person acting as a group, acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition by such person or group) assets from the Company that
have a total gross fair market value (determined without regard to any liabilities associated with such assets) equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately before such acquisition or
acquisitions. 

  
 6 

	 	(v)	Persons will not be considered to be acting as a group solely because they purchase or own stock of the same corporation at the same time, or as a result of the same public offering. However, persons will be considered
to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

 

	 	(vi)	This definition of Change in Control shall be interpreted in accordance with, and in a manner that will bring the definition into compliance with, the regulations under Section 409A of the Internal Revenue Code.

  

	 	(x)	Severance Bonus Amount. For purposes of this Agreement, “Severance Bonus Amount” means an amount determined by averaging the percentages of Executive’s base salary which were actually awarded to
Executive as incentive bonuses under short-term incentive plans of the Company or any of its Subsidiaries for the five most recently completed fiscal years prior to the fiscal year in which the Change of Control occurs, and multiplying such average
percentage by the greater of (A) Executive’s annual base salary in effect immediately prior to the Termination of Employment, or (B) Executive’s annual base salary in effect as of the date of the Change of Control. If Executive
was not employed by the Company or any of its Subsidiaries for the entire five-year period, the average shall be determined only for those years during which Executive was so employed. 

 

	 	(y)	Subsidiary. For purposes of this Agreement, “Subsidiary” shall mean any corporation of which fifty percent (50%) or more of the voting stock is owned, directly or indirectly, by the Company.

  

	 	(z)	Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base
salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect
during that fiscal year. 

  

	 	(aa)	Termination Notice Date. For purposes of this Agreement, “Termination Notice Date” shall mean: 

  

	 	(i)	In the case of Executive’s Termination of Employment because of Disability, thirty (30) calendar days in advance of Executive’s Termination of Employment; and 

 

	 	(ii)	 In the case of Executive’s Termination of Employment for Cause, a date not less than thirty (30) calendar days in advance of
Executive’s Termination of Employment and, in the case of Executive’s Termination 

  
 7 

	 	
of Employment for Good Reason, a date not less than thirty (30) calendar days nor more than sixty (60) calendar days in advance of Executive’s Termination of Employment.

  

	 	(bb)	Termination of Employment. For purposes of this Agreement, “Termination of Employment” shall mean Executive’s separation from service with the Employer and all other members of the Controlled
Group, as the term “separation from service” is defined in IRS regulations under Section 409A of the Code (generally, a decrease in the performance of services to no more than 20% of the average for the preceding 36-month period, and
disregarding leave of absences up to six months where there is a reasonable expectation the Employee will return). 

  

	II.	Term of Agreement. 

  

	 	(a)	General. Upon execution by Executive, this Agreement shall commence effective as of                     .
This Agreement shall continue in effect through                     ; provided, however, that commencing on
                    , and every             
             thereafter, the term of this Agreement shall automatically be extended for an additional year unless, not later than ninety (90) calendar days prior to the date on
which this Agreement otherwise automatically would be extended, the Company shall have given notice to Executive that it does not wish to extend this Agreement; provided further, however, that if a Change of Control shall have occurred during the
original or any extended term of this Agreement, this Agreement shall continue in effect for a period of                     
(    ) months beyond the month in which the Change of Control occurred. 

  

	 	(b)	Disposition of Employer. In the event Executive is employed by a Subsidiary, the terms of this Agreement shall expire if such Subsidiary is sold or otherwise disposed of prior to the date on which a Change of
Control occurs, unless Executive continues in employment with the Controlled Group after such sale or other disposition. If Executive’s Employer is sold or disposed of on or after the date on which a Change of Control occurs, this Agreement
shall continue through its original term or any extended term then in effect. 

  

	 	(c)	 Deemed Change of Control. If Executive’s Termination of Employment occurs within six months prior to the date on which a Section 409A
Change of Control occurs, and such Termination of Employment was at the request of a third party who has taken steps to effect a Section 409A Change of Control, or otherwise was in connection with the Section 409A Change of Control, then
for all purposes of this Agreement, a Section 409A Change of Control shall be deemed to have occurred prior to such Termination of Employment. Any payment that becomes due under the terms of this Agreement with respect to a Termination of
Employment, including any such Termination of Employment within six months prior to a Section 409A Change of Control under this subsection (c), shall be due at the time otherwise provided herein, such that, for example, any payment that may
become due under Section IV(c) on the six month anniversary of a Termination of Employment shall be due on such six month anniversary if any 

  
 8 

	 	
such amount becomes payable in connection with a Termination of Employment within six months prior to a Section 409A Change of Control under this subsection (c). 

 

	 	(d)	Expiration of Agreement. No termination or expiration of this Agreement shall affect any rights, obligations or liabilities of either party that shall have accrued on or prior to the date of such termination or
expiration. 

  

	III.	Benefits Following Change of Control. 

  

	 	(a)	Prorated Payout of Short Term Bonus. If a Change of Control shall have occurred, Executive shall be entitled to, immediately upon the date of the Change of Control, payment in full of Executive’s prorated
bonus for the fiscal year in which the Change of Control occurs. The prorated bonus amount shall be calculated as Executive’s Target Bonus for the fiscal year in which the Change of Control occurs, or, if greater, the actual bonus awarded to
Executive under any short-term incentive plan(s) of the Company for the fiscal year immediately preceding the fiscal year in which the Change of Control occurs, divided by 365 and multiplied by the number of calendar days in said year immediately up
to the day on which the Change of Control occurs. The payment described in this section III(a) shall be subject to any valid deferral election which was made prior to that time by the Executive under any Company qualified pension plan, nonqualified
pension plan, 401(k), excess 401(k) or non-qualified deferred compensation plan then in effect. The payment of such prorated short-term bonus shall also be taken into consideration for purposes of computation of benefits under any qualified and/or
nonqualified employee pension benefit plans or employee welfare benefit plans then maintained by the Company, and, if applicable, any agreement entered into between the Executive and the Company which is then in effect, in accordance with the terms
and conditions of such plans and/or agreements. 

  

	 	(b)	Entitlement to Benefits Upon Termination of Employment. If a Change of Control shall have occurred, Executive shall be entitled to, in addition to the benefits described in Subsection III(a), the benefits
provided in Section IV hereof upon his/her subsequent Termination of Employment within              (    ) years after the date of the Change of Control
unless such Termination of Employment is (i) a result of Executive’s death or Retirement, (ii) for Cause, (iii) a result of Executive’s Disability, or (iv) by Executive other than for Good Reason. For purposes of
Executive’s entitlement to benefits under Section IV of this Agreement, “Termination of Employment” shall be limited to a Termination of Employment that is not as a result of Executive’s death, Retirement or Disability and
(x) if by the Company, is not for Cause, or (y) if by Executive, is for Good Reason. 

  

	 	(c)	 Notice of Termination. Any purported Termination of Employment by either the Company or Executive shall be communicated on the Termination
Notice Date by written Notice of Termination to the other party hereto in accordance with Section VIII. 

  
 9 

	 	
For purposes of this Agreement, a “Notice of Termination” shall mean a written notice that indicates the specific provision(s) of this Agreement relied upon and sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for Executive’s Termination of Employment under the provision(s) so indicated. If Executive’s Termination of Employment shall be for Cause or by Executive for other than Good
Reason, the Company shall pay Executive his/her full base salary through the Termination of Employment at the salary level in effect at the time Notice of Termination is given and shall pay any amounts to be paid to Executive pursuant to any other
compensation or stock or stock option plan(s), program(s) or employment agreement(s) then in effect, at the time such payments are due under such plan(s), program(s) or agreement(s), and the Company shall have no further obligations to Executive
under this Agreement. 

 If within thirty (30) calendar days after any Notice of Termination is given, the party
receiving such Notice of Termination notifies the other party that a dispute exists concerning the grounds for Termination of Employment, then, amounts will be treated as paid upon Termination of Employment if paid on the date on which the dispute
is finally resolved, whether by mutual written agreement of the parties or by a decision rendered pursuant to Section XI; provided that such notice is given in good faith and the party giving such notice pursues the resolution of such dispute with
reasonable diligence. In the event such dispute involves nonpayment of benefits under this Agreement, Executive must take further enforcement efforts within the period specified in Regulation §1 .409A-3(g) in order to demonstrate reasonable
diligence (generally within 180 days of the latest date on which payment could have been timely made absent such dispute). Notwithstanding the pendency of any such dispute, the Company will continue to pay Executive his/her full compensation
including, without limitation, base salary, bonus, incentive pay and equity grants, in effect when the notice of the dispute was given, and continue Executive’s participation in all benefits plans or other perquisites in which Executive was
participating, or which Executive was enjoying, when the Notice of Termination giving rise to the dispute was given, until the dispute is finally resolved, provided that any amounts subject to Section 409A shall not commence to be paid until
the sixth month anniversary of Executive’s Termination of Employment. Amounts paid under this Subsection III(c) are in addition to and not in lieu of all other amounts due to Executive under this Agreement and shall not be offset against or
reduce any other amounts due to Executive under this Agreement. 

  
 10 

	IV.	Compensation Upon a Termination of Employment. 

 Upon Executive’s Termination of Employment
following a Change of Control, Executive shall be entitled to the following benefits, provided that such Termination of Employment occurs during the             
(    ) year period immediately following the date of the Change of Control, and such Termination of Employment is not as a result of Executive’s death, Retirement or Disability and (x) if by the Company, is not
for Cause, or (y) if by Executive, is for Good Reason: 
  

	 	(a)	Accelerated Vesting of Equity Awards. All unvested stock options and restricted stock and stock equivalent awards, including performance awards, that have been granted or sold to the Executive by the Company and
which have not otherwise vested, shall immediately accelerate and vest in the manner and to the extent such awards would vest under the terms of the individual award agreements with respect to each of those equity awards as if a change of control,
as defined in those individual award agreements, had occurred, notwithstanding that the definition of a change of control set forth in those award agreements may differ from the definition of Change of Control set forth in this Agreement, and
notwithstanding that the terms of individual award agreements might otherwise provide for forfeiture of those awards upon Executive’s Termination of Employment. With respect to stock equivalents, the acceleration and vesting described in this
Subsection (a) shall be subject to any valid deferral election which was made prior to that time by the Executive under any Company non-qualified deferred compensation plan, program or permitted deferral arrangement then in effect. If Executive
does not incur such a Termination of Employment following a Change of Control, nothing herein shall be deemed to revise or amend the terms of the individual award agreements with respect to such equity awards. 

 

	 	(b)	Standard Benefits. The Company shall pay Executive his/her full base salary through Termination of Employment at the rate in effect at the time the Notice of Termination is given, no later than the second
business day following Termination of Employment, plus all other amounts to which Executive is entitled under any compensation plan(s) or program(s) of the Company applicable to Executive at the time such payments are due under such plan(s) or
program(s). Without limitation, amounts payable pursuant to this Subsection (b) shall include, pursuant to the express terms of any short-term incentive plan(s) in which Executive participates or otherwise, Executive’s Target Bonus for the
then-current fiscal year, pro-rated to Termination of Employment. If Termination of Employment shall fall within the same short-term incentive period, as set forth by the express terms of any of the short-term incentive plan(s) in which Executive
participates or otherwise, as of the Change of Control, and Executive has previously received the prorated bonus amount as described in Subsection III(a), then Executive shall be paid the difference between the prorated bonus amount as described
here in Subsection IV(b) and the prorated bonus amount described in Subsection III(a). 

  
 11 

	 	(c)	Additional Benefits. The Company shall pay to Executive as additional pay (“Additional Pay”), the product of
            (    ) multiplied by the sum of (x) the greater of (i) Executive’s annual base salary in effect immediately prior to the Termination of
Employment, or (ii) Executive’s annual base salary in effect as of the date of the Change of Control, and (y) Executive’s Severance Bonus Amount. The Company shall pay the Additional Pay to Executive in a lump sum, in cash, on
the six month anniversary of Executive’s Termination of Employment. Subject to the provisions of Section XIII, the Company shall maintain for Executive all such perquisites and fringe benefits enjoyed by Executive immediately prior to
Termination of Employment as are approved in writing by the Company’s Chief Executive Officer for such period as is specified in such writing. The payment described in this section III(c) shall not be deemed to be regular compensation which is
subject to any deferral elections made by the Executive, or Company matching contributions, under any qualified pension plan, nonqualified pension plan, 401(k), excess 401(k) or nonqualified deferred compensation plan then maintained by the Company,
except as specifically required under the terms of such plans. Except as specifically set forth in section IV(d) below or as specifically required under the terms of the applicable plans, such payment shall not be taken into consideration for
purposes of computation of benefits under any qualified and/or non-qualified employee pension benefit plans or employee welfare benefit plans then maintained by the Company, and, if applicable, any agreement entered into between the Executive and
the Company which is then in effect. 

  

	 	(d)	Retirement Plan Benefits. If not already vested, Executive shall be deemed fully vested as of his or her Termination of Employment in any Company retirement plan(s) or other written agreement(s) between Executive
and the Company relating to pay or other retirement income benefits upon retirement in which Executive was a participant, party or beneficiary immediately prior to the Change of Control, and any additional plan(s) or agreement(s) in which such
Executive became a participant, party or beneficiary thereafter. 

  

	 	(e)	Other Benefit Payment. The Company shall pay to Executive an additional amount equal to the Other Benefit Payment described below. The Other Benefit Payment shall equal the product of
             (    ) multiplied by the cost of the annual Company portion of the premium under such level of coverage as the Executive and the
Executive’s family had been participating immediately prior to the Executive’s Termination of Employment under any health and welfare benefit plans maintained by the Company. For the avoidance of doubt, in no event shall the annual amount
of any premium that would have been paid by Executive for such benefits pursuant to the Company’s plans be included in determining the Other Benefit Payment. The Company shall pay the Other Benefit Payment to Executive in a lump sum, in cash,
on the six month anniversary of Executive’s Termination of Employment. 

  
 12 

	 	(f)	Alternatives in the Event of Excise Tax. 

  

	 	(i)	In the event any payment(s) or the value of any benefit(s) received or to be received by Executive in connection with Executive’s Termination of Employment or contingent upon a Change of Control (whether received
or to be received pursuant to the terms of this Agreement or of any other plan, arrangement or agreement of the Company, its successors, any person whose actions result in a Change of Control, or any person affiliated with any of them (or which, as
a result of the completion of the transaction(s) causing a Change of Control, will become affiliated with any of them) (collectively, the “Payments”)), are determined, under the provisions of Subsection IV(f)(ii), to be subject to an
excise tax imposed by Section 4999 of the Code (any such excise tax, together with any interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), as determined in this Subsection IV(f)(i), then the Company
shall reduce the aggregate amount of the Payments payable to the Executive such that no Excise Tax shall be payable by the Executive and the Payments shall not cease to be deductible by the Company by reason of Section 280G of the Code (or any
successor provision thereto). Notwithstanding the foregoing, the Company shall not reduce the aggregate amount of the Payments payable to the Executive pursuant to the foregoing sentence if the After-Tax Amount (as defined below) of the unreduced
Payments is greater than the After-Tax Amount that would have been paid had the Payments been reduced pursuant to the foregoing sentence. For purposes of this Agreement “After-Tax Amount” means the portion of a specified amount that would
remain after payment of all Excise Taxes (if any), income taxes, payroll and withholding taxes, and other applicable taxes paid or payable by Executive in respect of such specified amount. 

 

	 	(ii)	 If there is a determination that the Payments payable to Executive must be reduced pursuant to the immediately preceding paragraph, the Company shall
promptly give Executive notice to that effect and a copy of the detailed calculation thereof and of the amount to be reduced. Executive may then elect which and how much of the Payments shall be eliminated or reduced as long as (i) the first
such Payments to be reduced are not considered “deferred compensation” within the meaning of Section 409A of the Code (if any), (ii) if Payments described in (i) are exhausted and additional reductions are necessary, any
cash Payments described in this Agreement are reduced next, and (iii) after such election the aggregate present value of the Payments equals the largest amount that would both (A) not cause any Excise Tax to be payable by Executive, and
(B) not cause any Payments to become nondeductible by the Company by reason of Section 280G of the Code (or any successor provision thereto). Executive shall advise the Company in writing of Executive’s election within ten
(10) days of Executive’s receipt of such notice from the Company. Notwithstanding the foregoing, if no election is made by Executive within the ten-day period, the Company may elect which and how much of the Payments shall be eliminated or
reduced as long (i) the 

  
 13 

	 	
first such payments to be reduced are not considered “deferred compensation” within the meaning of Section 409A of the Code (if any), (ii) if Payments described in
(i) are exhausted and additional reductions are necessary, any cash Payments described in this Agreement are reduced next, and (iii) after such election the aggregate present value of the Payments equals the largest amount that would both
(A) not cause any Excise Tax to be payable by Executive, and (B) not cause any Payments to become nondeductible by the Company by reason of Section 280G of the Code (or any successor provision thereto). For purposes of this paragraph,
present value shall be determined in accordance with Code Section 280G(d)(4). 

 All determinations required to be made
under this Subsection IV(f), including whether the aggregate amount of Payments shall be reduced, and the assumptions to be utilized in arriving at such determinations, unless otherwise set forth in this Agreement, shall be made by a nationally
recognized certified public accounting firm selected by the Company and reasonably acceptable to Executive (the “Accounting Firm”). The Company shall cause the Accounting Firm to provide detailed supporting calculations to the Company and
Executive within fifteen (15) business days after notice is given by Executive to the Company that any or all of the Payments have occurred, or such earlier time as is requested by the Company. Within two (2) business days after such
notice is given to the Company, the Company shall instruct the Accounting Firm to timely provide the data required by this Subsection IV(f) (ii) to Executive. All fees and expenses of the Accounting Firm shall be paid in full by the Company. If
the Accounting Firm determines that there is substantial authority (within the meaning of Section 6662 of the Code) that no Excise Tax is payable by Executive, the Accounting Firm shall furnish Executive with a written opinion that failure to
disclose or report the Excise Tax on Executive’s federal income tax return will not constitute a substantial understatement of tax or be reasonably likely to result in the imposition of a negligence or any other penalty. Any determination by
the Accounting Firm shall be binding upon the Company and Executive in the absence of material mathematical or legal error. 
  

	 	(g)	Legal Fees and Expenses. The Company shall pay to Executive all legal fees and expenses as and when incurred by Executive in connection with this Agreement, including all such fees and expenses, if any, incurred
in contesting or disputing any Termination of Employment or in seeking to obtain or enforce any right or benefit provided by this Agreement, regardless of the outcome, unless, in the case of a legal action brought by or in the name of Executive, a
decision is rendered pursuant to Section XI, or in any other proper legal proceeding, that such action was not brought by Executive in good faith. Such reimbursements shall be made no later than the last day of the calendar year following the
calendar year in which the expenses were incurred. 

  

	 	(h)	No Mitigation. Executive shall not be required to mitigate the amount of any payment provided for in this Section IV by seeking other employment or otherwise, nor shall the amount of any payment or benefit
provided for in this Section IV be reduced by any compensation earned by Executive as the result of employment by another employer or by retirement or other benefits received from whatever source after his/her Termination of Employment or otherwise,
except as specifically provided in this Section IV. The Company’s obligation to make payments to Executive provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim,
recoupment, defense or other claim, right or action that the Company or Employer may have against Executive or other parties. 

  
 14 

	V.	Death and Disability Benefits. 

 In the event of the death or Disability of Executive after a
Change of Control, Executive, or in the case of death, Executive’s Beneficiaries (as defined below in Subsection VI(b)), shall receive the benefits to which Executive or his/her Beneficiaries are entitled under this Agreement and any and all
retirement plans, pension plans, disability policies and other applicable plans, programs, policies, agreements or arrangements of the Company. 
  

	VI.	Successors; Binding Agreement. 

  

	 	(a)	Obligations of Successors. The Company will require any successor or assignee (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company is required to perform it. Accordingly, this Agreement shall be binding upon such successor or assignee, and the
term “Company” shall include any surviving entity or successor to all or substantially all of its business and/or assets and the parent of any such surviving entity or successor. Failure of the Company to obtain such assumption and
agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle Executive to pursue appropriate remedies for such breach. 

 

	 	(b)	Enforceable by Beneficiaries. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees (the “Beneficiaries”). In the event of the death of Executive while any amount would still be payable hereunder if such death had not occurred, all such amounts, unless otherwise provided herein, shall be paid in
accordance with the terms of this Agreement to Executive’s Beneficiaries. 

  

	 	(c)	Employment. Except in the event of a Change of Control and, thereafter, only as specifically set forth in this Agreement, nothing in this Agreement shall be construed to (i) limit in any way the right of the
Company or a Subsidiary to terminate Executive’s employment at any time for any reason or for no reason; or (ii) be evidence of any agreement or understanding, expressed or implied, that the Company or a Subsidiary will employ Executive in
any particular position, on any particular terms or at any particular rate of remuneration. 

  
 15 

	VII.	Non-Competition; Non-Solicitation; Confidential Information. 

  

	 	(a)	In consideration of the benefits provided under this Agreement upon Executive’s Termination of Employment, Executive agrees that for a period of one year after Executive’s Termination of Employment, Executive
will not compete against the Company or any Employer within the Controlled Group in any Energizer Business. For purposes of this Agreement, “Energizer Business” shall mean any of the following business activities: all aspects of
manufacturing, marketing, distributing, consulting with regard to, and/or operating a facility for the manufacturing, processing, marketing, or distribution of batteries, lighting products, rechargeable batteries, and related battery and lighting
products. For purposes of this Agreement, to “compete” means to accept or begin employment with, advise, finance, own (partially or in whole), consult with, or accept an assignment through an employer with any third party worldwide in a
position involving or relating to an Energizer Business. This subparagraph, however, does not preclude Executive from buying or selling shares of stock in any company that is publicly listed and traded in any stock exchange or over-the-counter
market. 

  

	 	(b)	For a period of one year following the Executive’s Termination of Employment, Executive shall not (i) induce or attempt to induce any employee of the Company or any Employer within the Controlled Group to
leave the employ of the Company or such Employer or in any way interfere with the relationship between the Company or any such Employer and its employees or (ii) induce or attempt to induce any customer, supplier, distributor, broker, or other
business relation of the Company or any Employer within the Controlled Group to cease doing business with the Company or such Employer, or in any way interfere with the relationship between any customer, supplier, distributor, broker or other
business relation and the Company or such Employer. 

  

	 	(c)	Executive shall hold in fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company, the Subsidiaries and their respective businesses, which shall
have been obtained during Executive’s employment with the Employer and which shall not be public knowledge (other than by acts by Executive or his/her representatives in violation of this Agreement). After Executive’s Termination of
Employment with the Company or any Employer within the Controlled Group, Executive shall not, without prior written consent of the Company or the Employer, communicate or divulge any such information, knowledge or data to anyone other than the
Company, the Employer or those designated by them. 

 In no event shall an asserted violation of this Section VII constitute a basis for
deferring or withholding any amounts otherwise payable to Executive under this Agreement. 

  
 16 

	VIII.	Notice. 

 All notices and communications including, without limitation, any Notice of Termination
hereunder, shall be in writing and shall be given by hand delivery to the other party, by registered or certified mail, return receipt requested, postage prepaid, or by overnight delivery service, addressed as follows: 

If to Executive: 
 If to the Company: 

or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be deemed given
and effective when actually received by the addressee. 
  

	IX.	Miscellaneous. 

 No provision of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing and signed by Executive and the Company’s Chief Executive Officer or other authorized officer designated by the Board or an appropriate committee of the Board. No waiver by either party
hereto at any time of any breach by the other party hereto of, or compliance with, any conditions 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. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. The
validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Missouri. All references to sections of the Code or the Exchange Act shall be deemed also to refer to any successor provisions of
such sections. Any payments provided for hereunder shall be paid net of any applicable withholding required under federal, state or local law. The obligations of the Company under Sections IV and V shall survive the expiration of the term of this
Agreement. 
  

	X.	Validity. 

 The invalidity or unenforceability of any provision of this Agreement shall not affect
the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

  
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	XI.	Arbitration. 

 Any dispute that may arise directly or indirectly in connection with this
Agreement, Executive’s employment or Executive’s Termination of Employment, whether arising in contract, statute, tort, fraud, misrepresentation, discrimination or other legal theory, shall be resolved by arbitration in St. Louis, Missouri
under the applicable rules and procedures of the AAA. The only legal claims between Executive and the Company or any Subsidiary that would not be included in this agreement to arbitration are claims by Executive for workers’ compensation or
unemployment compensation benefits, claims for benefits under a Company or Subsidiary benefit plan if the plan does not provide for arbitration of such disputes, and claims by Executive that seek judicial relief in the form of specific performance
of the right to be paid until Termination of Employment during the pendency of any applicable dispute or controversy. If this Article XI is in effect, any claim with respect to this Agreement, Executive’s employment or Executive’s
Termination of Employment must be established by a preponderance of the evidence submitted to an impartial arbitrator. A single arbitrator engaged in the practice of law shall conduct any arbitration under the applicable rules and procedures of the
AAA. The arbitrator shall have the authority to order a pre-hearing exchange of information by the parties including, without limitation, production of requested documents, and examination by deposition of parties and their authorized agents. If
this Article XI is in effect, the decision of the arbitrator: (i) shall be final and binding, (ii) shall be rendered within ninety (90) days after the impanelment of the arbitrator, and (iii) shall be kept confidential by the
parties to such arbitration. The arbitration award may be enforced in any court of competent jurisdiction. The Federal Arbitration Act, 9 U.S.C. §§ 1 et seq., not state law, shall govern the arbitrability of all claims. 

 

	XII.	Entire Agreement. 

 This Agreement constitutes the entire agreement between the parties hereto
with respect to the subject matter hereof. The parties to this Agreement agree that this Agreement shall supersede any and all prior Change in Control Employment Agreements between the Executive and the Company or its predecessors or successors in
interest, including any such agreements entered into with Edgewell Personal Care Company, formerly known as Energizer Holdings, Inc., or its affiliates 
  

	XIII.	Key Employee Six Month Deferral. 

 Notwithstanding anything to the contrary in this Agreement, if
Executive qualifies as a “specified employee” as defined in Code Section 409A, a payment of nonqualified deferred compensation paid on account of a Termination of Employment may not be made until at least six months after such
Termination of Employment. Any such payment otherwise due in such six month period shall be suspended and become payable at the end of such six month period. 

  
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	XIV.	Compliance with Code Section 409A. 

 No provision of this Agreement shall be operative to the
extent that it will result in the imposition of the additional tax described in Code Section 409A(a)(1)(B) (II) because of failure to satisfy the requirements of Code Section 409A and the regulations and guidance issued thereunder. 

THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. 

IN WITNESS WHEREOF, the Company and Executive have executed this Agreement effective as of the      day of
            ,         . 
  

			
	EXECUTIVE
	
	  

	Name:		  

	
	ENERGIZER HOLDINGS, INC.
		
	By:		  

	Name:		  

	Title:		  

  

	
	ATTEST:
	
	  

  
 19

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