Document:

EX-10.1.7

Exhibit
10.1.7

SIXTH AMENDMENT

TO

THE SCOTTS COMPANY LLC

EXECUTIVE RETIREMENT PLAN

     WHEREAS, The Scotts Company LLC (the “Company”) sponsors the Scotts Company LLC Executive
Retirement Plan (the “Plan”); and

     WHEREAS, the Company desires to amend the Plan to create a retention award account pursuant to
which the Company can grant retention awards to Plan participants; and

     WHEREAS, this Committee has been authorized to administer the Plan and to amend, modify or
terminate the Plan.

     NOW THEREFORE, effective as of October 8, 2008, the Plan is amended as follows:

FIRST: The second sentence of the definition of the term “Account”
contained in Section II of the Plan is amended to read as follows:

A Participant’s Account shall consist, as applicable, of a Deferred Executive
Incentive Pay Account, a Deferred Compensation Account, a Matching Account, a
Retirement Account, a Transitional Contributions Account and a Retention Award
Account.

SECOND: Section II of the Plan is amended by adding the following
definition in its appropriate alphabetical location:

“Retention Award” means an award allocable to a Participant’s Retention Award
Account in accordance with Section IV.D.(6). The designation of the
Participants who receive a Retention Award and the amount of each Retention
Award shall be determined by the Employer in its sole discretion. Each
Retention Award shall be evidenced by a written agreement between the Employer
and the Participant. The written agreement shall set forth the terms and
conditions governing the Retention Award and shall be consistent with the
applicable terms of the Plan.

THIRD: The second sentence of Section IV.A. of the Plan is amended to
read as follows:

A Participant’s Account shall consist of a Deferred Executive Incentive Pay
Account, a Deferred Compensation Account, a Matching Account, a Retirement
Account, a Transitional Contributions Account and a Retention Award Account.

FOURTH: The following new paragraph (6) is added at the end of Section
IV.D. of the Plan:

(6) Retention Awards. The Employer shall allocate an amount equal to
the Participant’s Retention Award, if any, to the Participant’s Retention Award
Account.

FIFTH: The first and second sentences of Section V.A. of the Plan are
amended to read as follows:

 

 

Amounts credited to a Participant’s Account (other than the Retention Award
Account) shall be distributed to the Participant when administratively
practicable after termination of employment or a date specified by the
Participant. The time of distribution (except with respect to the Retention
Award Account) shall be elected by the Participant in the Executive Incentive
Pay Deferral Election and Compensation
Deferral Election delivered to the Administrative Committee at the time the
applicable deferral election is made.

SIXTH: Section V.A. of the Plan is further amended by adding the
following provision as the second paragraph thereof:

Amounts credited to a Participant’s Retention Award Account shall be distributed
to the Participant in accordance with the written agreement evidencing the
Participant’s Retention Award.

SEVENTH: Section V.B. of the Plan is amended to read as follows:

Method of Distribution. Amounts credited to a Participant’s Account
(other than the Retention Award Account) shall be distributed to the Participant
either in a single lump sum payment or in substantially equal annual
installments over a period less than ten (10) years. Amounts credited to a
Participant’s Retention Award Account shall be distributed to the Participant in
accordance with the written agreement between the Employer and the Participant
evidencing the Participant’s Retention Award. To the extent that an Account is
distributed in installment payments, the undisbursed portions of such Account
shall continue to be credited with Additions in accordance with the applicable
provisions of Section IV.H. In addition, if, as of any business day after the
date described in Section V.A., the amount allocated to a Participant’s Account
(other than the Retention Award Account) is less than $5,000, the Administrative
Committee shall pay such amount to the Participant and reduce the balance of his
Account (other than the Retention Award Account) to zero. The method of
distribution shall be elected by the Participant in the Executive Incentive Pay
Deferral Election or Compensation Deferral Election delivered to the
Administrative Committee at the time the applicable deferral election is made
or, in the case of distributions from the Retention Award Account, in accordance
with the written agreement evidencing the Participant’s Retention Award.
Distributions of amounts credited to Investment Funds other than the Company
Stock Fund shall be made in cash. Distributions of amounts credited to the
Company Stock Fund shall be distributed in the greatest whole number of common
shares of The Scotts Miracle-Gro Company which can be distributed based on the
amount credited to the Company Stock Fund (after any applicable withholding),
plus cash for any fractional share.

EIGHTH: Section V.E. of the Plan is amended by adding the following
sentence at the end thereof:

This Section V.E. shall not apply to the Participant’s Retention Award Account.

 

 

     IN WITNESS WHEREOF, the Administrative Committee, acting on behalf of the Company, has caused
this Sixth Amendment to be executed on this 8th day of October, 2008, to be effective as of that
same date.

	 	 	 	 	 
	 	THE SCOTTS COMPANY LLC

 	 
	 	By:  	/s/ Arnold W. Donald
 	 
	 	 	Print Name:  	Arnold W. Donald 	 
	 	 	Title:  	Member of the Administrative CommitteeEX-10.2

Exhibit 10.2

EXECUTIVE RETIREMENT PLAN

RETENTION AWARD AGREEMENT

     THIS EXECUTIVE RETIREMENT PLAN RETENTION AWARD AGREEMENT (this “Agreement”) between The Scotts
Company LLC (the “Company”) and ____________ (the “Participant”) is made pursuant and subject
to the provisions of the Company’s Executive Retirement Plan, as amended (the “Plan”). Each
capitalized term that is used in this Agreement and that is not defined in this Agreement has the
same meaning as the definition set forth in the Plan.

     1. Retention Award Account Credit. Pursuant to the Plan, the Company, on November ___, 2008
(the “Award Date”), allocated One Million Dollars ($1,000,000) to the Participant’s Retention Award
Account.

     2. Earnings Benchmarks. The Participant’s Retention Award Account shall be credited or
debited with Additions in accordance with the Plan based on the Investment Funds that the
Participant selects, in accordance with the terms of the Plan, as earnings benchmarks for the
Retention Award Account.

     3. Vesting. Subject to the provisions of paragraphs 3(e) and 3(f), the Participant’s interest
in the Retention Award Account shall be vested and nonforfeitable (“Vested”) as provided in the
following paragraphs 3(a), 3(b), 3(c), and 3(d):

          (a) Continued Service. The Participant’s interest in the Retention Award Account shall be one
hundred percent (100%) Vested on the third anniversary of the Award Date provided the Participant
does not have a Separation from Service (as defined in paragraph 5) after the Award Date and before
the third anniversary of the Award Date.

          (b) Change of Control. The Participant’s interest in the Retention Award Account shall be one
hundred percent (100%) Vested on the date the Participant has a Separation from Service if (i)
there is a Change of Control (as defined in paragraph 5) before the third anniversary of the Award
Date, (ii) the Participant does not have a Separation from Service after the Award Date and before
the Change of Control, and (iii) the Participant has a Separation from Service after the Change of
Control on account of a termination by the Company or an Affiliate (as defined in paragraph 5)
without Cause or on account of the resignation of the Participant with Good Reason. For purposes
of this Agreement, the terms “Cause” and “Good Reason” shall have the same meanings as the
definitions set forth in the _________, 200_, Employment Agreement between the Company and the
Participant (the “Employment Agreement”).

          (c) Death, Disability or Retirement. The Participant shall be Vested in a pro rata amount of
the Retention Award Account on the date the Participant has a Separation from Service if (i) the
Participant has a Separation from Service before the third anniversary of the Award Date on account
of the Participant’s death, Disability or Retirement and (ii) the Participant does not have a
Separation from Service after the Award Date and before the date of the Separation from Service on
account of death, Disability or Retirement. In that event, the pro

 

 

rata amount of the Retention Award Account that is Vested shall be determined by multiplying the
balance credited to the Retention Award Account on the date of such Separation from Service by a
fraction, the numerator of which is the number of whole calendar months elapsed from the Award Date
until the date of such Separation from Service and the denominator of which is thirty-six (36).
For purposes of this Agreement, the term “Retirement” means the Participant’s voluntary Separation
from Service after the Participant has attained age sixty-two (62) or after the Participant has
attained age fifty-five (55) and completed at least one hundred twenty (120) months of employment
with the Company and its Affiliates since the Participant’s most recent date of employment with the
Company or an Affiliate. For purposes of this Agreement, the term “Disability” means that the
Participant is, 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, receiving income replacement benefits for a period of at least three months
under an accident and health plan covering employees of the Company or its Affiliates.

          (d) Nonrenewal of Employment Agreement. The Participant shall be Vested in a pro rata amount
of the Retention Award Account on the date the Participant has a Separation from Service if (i) the
Employment Agreement terminates before the third anniversary of the Award Date because the Company
gives written notice of its decision not to renew or extend the term of the Employment Agreement,
(ii) the Participant does not have a Separation from Service after the Award Date and before the
expiration of the term of the Employment Agreement and (iii) such Separation from Service occurs
after the expiration of the term of the Employment Agreement and on account of a termination by the
Company or an Affiliate without Cause or on account of the resignation of the Participant with Good
Reason. (For the avoidance of doubt, the terms “Cause” and “Good Reason” shall have the same
meanings as the definitions set forth in the Employment Agreement without regard to the expiration
of the term of the Employment Agreement.) In that event, the pro rata amount of the Retention
Award Account that is Vested shall be determined by multiplying the balance credited to the
Retention Award Account on the date of such Separation from Service by a fraction, the numerator of
which is the number of whole calendar months elapsed from the Award Date until the date of such
Separation from Service and the denominator of which is thirty-six (36).

          (e) Forfeiture. Notwithstanding the preceding paragraphs 3(a), 3(b), 3(c), and 3(d) and
notwithstanding any provision of the Plan, the Participant’s interest in the Retention Award
Account shall be forfeited (and no amount shall be payable under the Plan with respect to the
Retention Award Account) if the Participant has a Separation from Service on account of a
termination by the Company or an Affiliate with Cause, or if the Participant, without the Company’s
written consent, does any of the following within 180 days before and 730 days after a Separation
from Service:

               (i) The Participant serves (or agrees to serve) as an officer, director, manager, consultant,
or employee of any proprietorship, partnership, corporation, or other entity, or becomes the owner
of a business or a member of a partnership, limited liability company, or other entity, that
competes with any portion of the Company’s (or any Affiliate’s) business with which the Participant
had been involved at any time within five years before the Separation from Service or renders any
service (including, without limitation, advertising or business consulting)

2

 

to one or more entities that compete with any portion of the Company’s (or any Affiliate’s)
business with which the Participant had been involved at any time within five years before such
Separation from Service;

               (ii) The Participant refuses or fails to consult with, supply information to, or otherwise
cooperate with the Company or any Affiliate after having been requested to do so;

               (iii) The Participant deliberately engages in any action that the Company concludes has
caused, or is reasonably likely to cause, substantial harm to the interests of the Company or any
Affiliate;

               (iv) The Participant, on behalf of the Participant or on behalf of any other person,
partnership, association, corporation, limited liability company, or other entity, solicits or in
any manner attempts to influence or induce any employee of the Company or any Affiliate to leave
the Company’s or any Affiliate’s employment, or uses or discloses to any person, partnership,
association, corporation, limited liability company, or other entity any information obtained while
an employee of the Company or any Affiliate concerning the names and addresses of the Company’s or
any Affiliate’s employees;

               (v) The Participant discloses confidential and proprietary information relating to the
Company’s or any Affiliate’s business affairs (“Trade Secrets”), including technical information,
product information and formulae, processes, business and marketing plans, strategies, customer
information, and other information concerning the Company’s or any Affiliate’s products,
promotions, development, financing, expansion plans, business policies and practices, salaries and
benefits, and other types of information considered by the Company or any Affiliate to be
proprietary and confidential and in the nature of Trade Secrets;

               (vi) The Participant fails to return all property (other than the Participant’s personal
property), including keys, notes, memoranda, writings, lists, files, reports, customer lists,
correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data, formulae, or
any other tangible property or document, and any and all copies, duplicates, or reproductions that
the Participant produced or received or that otherwise were submitted to the Participant in the
course of the Participant’s employment with the Company or any Affiliate; or

               (vii) The Participant engages in conduct that the Company reasonably concludes would have
given rise to a termination with Cause had it been discovered before the Participant’s Separation
from Service.

          (f) Repayment Obligation. Notwithstanding paragraphs 3(a), 3(b), 3(c), and 3(d) and
notwithstanding any provision of the Plan, if the Participant’s interest in the Retention Award
Account is forfeited pursuant to paragraph 3(e), the Participant shall be liable to the Company for
the repayment of any amount previously distributed to the Participant from the Retention Award
Account. The Participant must repay any such amount to the Company in a single cash payment within
ten (10) days of the Participant’s receipt of a written demand for repayment.

3

 

Except as provided in paragraphs 3(a), 3(b), 3(c), and 3(d) (but subject to paragraphs 3(e) and
3(f)), the Participant’s interest in the Retention Award Account shall be forfeited (and no amount
shall be payable under the Plan with respect to the Retention Award Account), on the date that the
Participant has a Separation from Service.

     4. Distributions. The Retention Award Account, to the extent Vested, shall be distributed as
follows:

          (a) Scheduled Distributions.

               (i) One-fourth (1/4th) of the Vested Retention Award Account balance shall be
distributed to the Participant in a single sum on the third anniversary of the Award Date.

               (ii) One-third (1/3rd) of the remaining Vested Retention Award Account balance
shall be distributed to the Participant in a single sum on the fourth anniversary of the Award
Date.

               (iii) The remaining Vested Retention Award Account balance shall be distributed to the
Participant in accordance with the Retention Award Distribution Election Form (the “Election Form”)
executed by the Participant. In accordance with the Election Form, the remaining Vested Retention
Award Account balance shall be paid in a single sum on (A) the fifth anniversary of the Award Date
or (B) upon the latest to occur of (x) the fifth anniversary of the Award Date, (y) the date on
which the Participant has a Separation from Service, or (z) a specified date (which shall not be
later than the date the Participant attains age sixty-five (65)).

If a distribution is payable under this paragraph 4(a) on a specified date, the distribution shall
be made on that date or within ninety (90) days after that date. If a distribution is payable
under clause (iii)(B) of this paragraph 4(a) on account of the Participant’s Separation from
Service, the payment shall be made within ninety (90) days after the date that is six months after
the Separation from Service.

          (b) Separation After Change of Control. Paragraph 4(a) to the contrary notwithstanding, the
entire Vested Retention Award Account balance shall be distributed to the Participant in a single
sum within ninety (90) days after the date that is six months after the Participant has a
Separation from Service if the Separation from Service occurs after a Change of Control and before
the second anniversary of the Change of Control.

          (c) Participant’s Death. If any portion of the Vested Retention Award Account balance has not
been distributed to the Participant on the date of the Participant’s death, the remaining Vested
Retention Award Account balance shall be distributed to the Participant’s Beneficiary in a single
sum as soon as practicable (but in any event within ninety (90) days) after the Participant’s
death.

Distributions shall be paid in cash to the extent that the Vested Retention Award Account is
benchmarked against one or more Outside Investment Funds. To the extent that the Vested

4

 

Retention Award Account is benchmarked against the Company Stock Fund, distributions shall be in
the greatest whole number of common shares of The Scotts Miracle-Gro Company which can be
distributed based on the amount of the Vested Retention Award Account benchmarked against the
Company Stock Fund (after any applicable withholding), plus cash for any fractional share.

     5. Other Definitions. For purposes of this Agreement, the following terms have the meanings
provided below:

          (a) Affiliate. “Affiliate” means any business organization or legal entity that, directly or
indirectly, controls, is controlled by, or is under common control with, the Company. For purposes
of this definition, control (including the terms controlling, controlled by, and under common
control with) includes the possession, direct or indirect, of the power to vote 50% or more of the
voting equity securities, membership interests or other voting interests, or to direct or cause the
direction of the management and policies of, such business organization or other legal entity,
whether through the ownership of equity securities, membership interests, or other voting
interests, by contract, or otherwise.

          (b) Board. “Board” means the Board of Directors of the Corporation.

          (c) Change of Control. “Change of Control” means the occurrence of any of the following:

               (i) Board Composition. Individuals who, as of July 1, 2008, constitute the Board (the
“Incumbent Board”) cease, within a 12-month period, for any reason (other than death) to constitute
at least a majority of the Board; provided, however, that any individual becoming a
director subsequent to such date whose appointment, election, or nomination for election by the
Corporation’s shareholders, was endorsed by at least a majority of the directors then comprising
the Incumbent Board shall be considered as though such individual were a member of the Incumbent
Board; or

               (ii) Stock Acquisition. (A) One or more acquisitions, by any individual, entity or
group (within the meanings of Treas. Reg. §§ 1.409A-3(i)(5)(v)(B) and (vi)(D)) (a “Person”), of 30%
or more of the then outstanding voting securities of the Corporation (the “Outstanding Voting
Securities”), during any 12-month period ending on the date of the most recent acquisition by that
Person; or (B) an acquisition that results in ownership by a Person of either (y) shares
representing more than 50% of the total fair market value of the Corporation’s then outstanding
stock (the “Outstanding Stock”) or (z) shares representing more than 50% of the then Outstanding
Voting Securities; provided, however, that for purposes of this clause 5(c)(ii),
the following acquisitions of shares of the Corporation shall not be taken into account in the
determination of whether a Change of Control has occurred: (1) any acquisition directly from the
Corporation; (2) any cash acquisition by the Corporation or an Affiliate; (3) any acquisition by
any employee benefit plan (or related trust) sponsored or maintained by the Corporation or an
Affiliate; (4) an acquisition by a Person that prior to the acquisition had already acquired more
shares than necessary to satisfy the applicable 30% or 50% threshold; or

5

 

(5) any acquisition by the Hagedorn Partnership, L.P. or any party related to the Hagedorn
Partnership, L.P., as determined by the Committee.

               (iii) Business Combination. Consummation of a reorganization, merger, or
consolidation of the Corporation (a “Business Combination”), in each case, that results in either a
change in ownership contemplated in subparagraph (B) of clause 5(c)(ii) above or a change in the
Incumbent Board contemplated by clause 5(c)(i) above; or

               (iv) Sale or Disposition of Assets. One or more Persons acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such Persons)
assets from the Corporation that have a total gross fair market value equal to more than 40% of the
total gross fair market value of all of the assets of the Corporation (without regard to
liabilities of the Corporation or associated with such assets) immediately before such acquisition
or acquisitions; provided that such sale or disposition is not to:

                    (A) a shareholder of the Corporation (immediately before the asset transfer) in exchange for
or with respect to the Corporation’s Outstanding Stock;

                    (B) an entity, 50% or more of the total value or voting power of which is owned, directly or
indirectly, by the Corporation;

                    (C) a Person that owns, directly or indirectly, 50% or more of the total value or voting power
of all the Outstanding Stock of the Corporation; or

                    (D) an entity, at least 50% of the total value or voting power of which is owned, directly or
indirectly, by a Person described in paragraph (iv)(C) above.

Except as otherwise specifically provided in clause 5(iv)(A) above, a Person’s status is determined
immediately after the transfer.

          (d) Committee. “Committee” means the Compensation and Organization Committee of the
Corporation’s Board of Directors.

          (e) Corporation. “Corporation” means The Scotts Miracle-Gro Company.

          (f) Separation from Service. “Separation from Service” means the Participant’s termination of
employment with the Company and its Affiliates for any reason. A termination of employment will
occur when the Participant and the Company and its Affiliates reasonably anticipate that (i) no
further services will be performed by the Participant after a certain date, or (ii) the level of
bona fide services which the Participant is expected to perform for the Company and its Affiliates,
as an employee or otherwise, as of a certain date is expected to permanently decrease to a level
equal to twenty (20) percent or less of the average level of services performed by the Participant
during the immediately preceding thirty-six (36) month period (or the Participant’s entire period
of service if less than thirty-six (36) months). Further, for purposes of this Agreement, a
termination of employment is deemed to occur on the first date following six months after a
Participant is first on a military leave, sick leave, or other bona fide

6

 

leave of absence. Such six month period may be extended if the Participant retains a right to
reemployment with the Company or its Affiliates under applicable statute or contract.
Notwithstanding the foregoing, where a leave of absence is due to a 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 six months and where such impairment causes the Participant to
be unable to perform the duties of the Participant’s position of employment or any substantially
similar position of employment with the Company or its Affiliates, a twenty-nine (29) month period
of absence may be substituted for such six month period. Whether there has been a termination of
employment will be determined by the Committee or any delegate of the Committee, taking into
account all of the facts and circumstances at the time of the termination of employment in
accordance with the guidelines described in IRC Regulation Section 1.409-1(h).

     6. Conflicts. In the event of any conflict between the provisions of the Plan as in effect on
the Award Date and the provisions of this Agreement, the provisions of the Plan shall govern.

     7. Participant Bound by Plan. The Participant acknowledges that a copy of the Plan has been
made available to the Participant and agrees to be bound by all of the terms and provisions
thereof.

     8. No Right to Continued Service. This Agreement does not confer upon the Participant any
right with respect to continuance of employment or service with the Company or an Affiliate; nor
shall it interfere with the right of the Company or an Affiliate to terminate the Participant’s
employment or service with or without Cause at any time.

     9. Binding Effect. Subject to the terms and conditions stated above and in the Plan, this
Agreement shall be binding upon and inure to the benefit of the legatees, distributees, and
personal representatives of the Participant and the successors of the Company.

     10. Entire Agreement. This Agreement and the Plan set forth all of the terms and conditions
of the Retention Award.

7

 

     IN WITNESS WHEREOF, the Participant has signed this Agreement and the Company has caused this
Agreement to be signed by its duly authorized officer.

	 	 	 	 	 
	 	 	THE SCOTTS COMPANY LLC
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 

	 	Date:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	[NAME OF PARTICIPANT]
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	Date:	 	 
	 

	 	 	 	 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}]]