Document:

exv10w55

Exhibit 10.55

2009 RESTATEMENT OF

ENERGIZER HOLDINGS, INC.

FINANCIAL PLANNING PLAN

INTRODUCTION

The Energizer Holdings, Inc. Financial Planning Plan (“Plan”) was adopted in 2000 for the benefit
of certain employees of Energizer Holdings, Inc. and its affiliates. Pursuant to Notice 2007-86,
with respect to the period from January 1, 2005 through December 31, 2008, the Plan was operated in
accordance with applicable guidance under Section 409A of the Internal Revenue Code of 1986, as
amended, and the Company’s good faith interpretation of compliance with Section 409A. Effective
January 1, 2009, the Plan will be administered in accordance with the 2009 Restatement of the
Energizer Holdings, Inc. Financial Planning Plan.

I. DEFINITIONS

     1.1 “Affiliated Company” means Energizer Holdings, Inc., those domestic corporations in which
Energizer Holdings, Inc. owns directly or indirectly more than 50% of the voting stock, or any
other entity so designed by the Committee.

     1.2 “Board” means the Board of Directors of Energizer Holdings, Inc.

     1.3 “Code” means the Internal Revenue Code of 1986, as amended.

     1.4 “Committee” means the Committee appointed to administer the Plan, its designee, or any
successor to such Committee.

     1.5 “Company” means Energizer Holdings, Inc.

     1.6 “Eligible Employee” means an Employee who meets the requirements for coverage under
Section 2.1 of the Plan.

     1.7 “Employee” means a person employed by the Company or an Affiliated Company and who is one
of a select group of management or highly-compensated employees.

     1.8 “Plan” means the 2009 Restatement of Energizer Holdings, Inc. Financial Planning Plan.

     1.8 “Plan Year” means the twelve consecutive month period ending on December 31.

II. ELIGIBILITY

     2.1 Eligible Employees. The class of Employees eligible for coverage under this Plan
consists of:

	 	(a)	 	Principal Corporate Officers of the Company and/or an Affiliated Company;

 

 

	 	(b)	 	Vice Presidents of the administrative and operating divisions of the Company
and/or an Affiliated Company;
	 
	 	(c)	 	Principal Officers of major affiliates of the Company or an Affiliated Company;
and
	 
	 	(d)	 	non-officer executives authorized by the Committee.

     2.2 Termination of Participation. An Eligible Employee shall cease participating in
the Plan as of the date the Eligible Employee terminates employment with the Company and all
Affiliated Companies. If an Eligible Employee dies while actively employed by the Company or an
Affiliated Company, expenses incurred prior to the Eligible Employee’s death will be reimbursed in
accordance with Section 3.1.

III. BENEFITS

     3.1 Amount of Reimbursement. The Eligible Employee shall select the advisor or
advisors to perform the services described in Section 3.2. The Company will reimburse the Eligible
Employee in an amount equal to 80% of the expenses incurred by the Eligible Employee for the
services performed in accordance with Section 3.2. Eligible Employees shall submit requests for
reimbursement to the Committee. Reimbursements will be paid not later than the end of the calendar
year following the calendar year in which the expenses were incurred.

     The maximum amount that will be reimbursed for expenses incurred during a Plan Year for
services described in Section 3.2 shall be as follows:

	 	 	 	 	 	 	 	 	 
	 	 	First	 	Subsequent
	 	 	Plan Year	 	Plan Year
	 	 	Reimbursable	 	Reimbursable
	 	 	Amount	 	Amount
	Principal
Corporate Officers
	 	$	8,000	 	 	$	6,000	 
	 
	 	 	 	 	 	 	 	 
	Vice Presidents of designated divisions
and subsidiaries
	 	$	5,000	 	 	$	4,000	 

     If an Eligible Employee dies while an active Employee, the estate of the Eligible Employee may
be reimbursed for expenses incurred by the Eligible Employee prior to his or her death for the
Covered Services described below. Reimbursements will be paid not later than the end of the
calendar year following the calendar year in which the expenses were incurred.

     3.2 Reimbursable Expenses. An Eligible Employee (or his or her estate, if applicable)
shall be reimbursed for expenses incurred for the Covered Services described below:

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	 	(a)	 	Overall financial planning related to:

	 	•	 	Investments
	 
	 	•	 	Cash flow and budgeting
	 
	 	•	 	Estate
	 
	 	•	 	Tax
	 
	 	•	 	Retirement
	 
	 	•	 	Insurance needs analysis
	 
	 	•	 	Educational funding
	 
	 	•	 	Company compensation and benefits

	 	(b)	 	Preparation of legal documents:

	 	•	 	Wills
	 
	 	•	 	Trusts
	 
	 	•	 	Tax Returns

	 	(c)	 	Personal Computer Software Programs for:

	 	•	 	Tax compliance
	 
	 	•	 	Cash flow and budgeting
	 
	 	•	 	Other topics related to overall financial planning or the preparation of
legal documents.

     3.3 Excluded Services. An Eligible Employee shall not be reimbursed for expenses
incurred for the Excluded Services described below:

	 	(a)	 	Financial service commissions such as broker’s fees and mutual fund fees.
	 
	 	(b)	 	Fees related to the Eligible Employee’s (or spouse’s) “active” financial
interest or legal obligations in any outside business, except to the extent of direct
impact on the executive’s tax returns.
	 
	 	(c)	 	Trust fees to banks or other financial institutions.

IV. TAX DEDUCTIBILITY AND WITHHOLDING

     Reimbursements made under this Plan are taxable income to the Eligible Employee and will be
handled as such by the Company. Reimbursements are not used in calculating benefit earnings for
Company benefit plans.

V. AMENDMENT AND TERMINATION

     The Board and the Committee are each empowered to amend, modify or terminate this Plan at any
time. A termination of the Plan must comply with the provisions of Code Section 409A and the
regulations and guidance promulgated thereunder, including, but not limited to,

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restrictions on the
timing of final distributions and the adoption of future deferred compensation arrangements.

VI. SECTION 409A COMPLIANCE

     No provision of this Plan 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)(i)(II) because of failure
to satisfy the requirements of Code Section 409A and the regulations and guidance issued
thereunder.

     IN WITNESS WHEREOF, the Company has caused this Plan to be executed by a duly authorized
officer this 23rd day of December, 2008.

	 	 	 	 	 	 	 

	 	 	ENERGIZER HOLDINGS, INC.	 	 
	 
	 

	 	By:
	 	/s/ Peter J. Conrad
 

	 	 
	 
	 	 	Title: Vice President Human Resources	 	 

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Exhibit 10.56

ENERGIZER HOLDINGS, INC.

EXECUTIVE HEALTH PLAN

2009 RESTATEMENT

     Energizer Holdings, Inc. (the “Company”) established the Energizer Holdings, Inc. Executive
Health Plan (the “Plan”), effective as of April 1, 2000, to provide medical, dental and vision
benefits for eligible employees and their eligible dependents and eligible retirees.

     The Energizer Plans Administrative Committee appointed by the Company (“EPAC”) is authorized
to amend the Plan as it may deem appropriate.

     EPAC now wishes to amend and restate the Plan. This 2009 Restatement of the Plan is effective
as of January 1, 2009, unless specifically provided otherwise.

I . DEFINITIONS

     1.1 “Affiliated Company” means those domestic corporations in which the Company owns directly
or indirectly more than 50% of the voting stock, or any other entity so designated by the
Committee.

     1.2 “Committee” means the Energizer Plans Administrative Committee, its designee, or any
successor to such Committee.

     1.3 “Company” means Energizer Holdings, Inc. and any successor thereto.

     1.4 “Covered Employee” means an individual who is:

	 	(a)	 	employed by a Participating Employer;
	 
	 	(b)	 	one of a select group of management or highly-compensated employees; and
	 
	 	(c)	 	designated by the Chief Executive Officer of the Company as eligible to participate in
the Plan.

     1.5 “Covered Expenses” are expenses incurred for medical, dental, vision care services and
supplies. This includes usual and customary charges in conjunction with diagnosis, cure,
mitigation or treatment of a sickness, injury or preventive treatment associated with an illness.
(A usual and customary allowance is the fee most frequently charged for a similar service or supply
in a geographic area. The fees are updated on a regular basis to adjust for changes.)

     1.6 “Covered Individual” is a Covered Employee, a Dependent of a Covered Employee, or a
Retired Employee.

     1.7 A “Dependent” of a Covered Employee is eligible for coverage under this Plan if such
Dependent is:

 

 

	 	(a)	 	An individual defined in the Energizer Health Care Program as an Eligible
Dependent. This includes the Covered Employee’s spouse and unmarried children under 19
years of age. “Children” means the Covered Employee’s biological children, children
who have been legally adopted by the Covered Employee or who have been placed with the
Covered Employee for adoption, foster children, or stepchildren living in the Covered
Employee’s household, dependent upon the Covered Employee for principal support, and

	 	(1)	 	related to the Covered Employee by blood or marriage,
	 
	 	(2)	 	under the Covered Employee’s legal guardianship, or
	 
	 	(3)	 	for whom the Covered Employee has a legal obligation for total
or partial support.

	 	(b)	 	A full-time, unmarried student who is a Dependent of a Covered Employee
regardless of age, provided the student is enrolled in an accredited educational
institution, and receives primary support from the Covered Employee or from a covered
surviving spouse.
	 
	 	(c)	 	A former spouse of a Covered Employee provided the divorce decree became final
after April 1, 1977, and the former spouse was covered as a Dependent under this Plan
prior to the divorce.
	 
	 	(d)	 	A surviving spouse and Dependents of a Covered Employee who died on or after
July 21, 1988, and who at the time of death had a minimum of two years of service with
Eveready Battery Company, Inc. or any predecessor company.

     1.8 “Employee” means an individual employed by a Participating Employer and who is one of a
select group of management or highly-compensated employees.

     1.9 “Family Unit” is the Covered Employee and covered Dependents.

     1.10 “Participating Employer” means the Company and any Affiliated Company that adopts the
Plan with the consent of the Company.

     1.11 “Plan” means the Energizer Holdings, Inc. Executive Health Plan.

     1.12 “Retired Employee” means:

	 	(a)	 	an officer of Eveready Battery Company, Inc. or any predecessor company who
retired between January 1, 1979 and July 31, 1980, and who at the time of retirement
was not eligible for coverage under the Plan as a Retired Employee; or
	 
	 	(b)	 	a former Covered Employee:

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	 	(1)	 	who did not terminate from a Participating Employer by reason
of a divestiture, spinoff or other disposition of a subsidiary, division or
other business unit; and
	 
	 	(2)	 	who:

	 	(a) 	 	prior to March 29, 2003, retired or terminated
after age 55 with at least two years of continuous service;
	 
	 	(b) 	 	prior to March 29, 2003, was terminated
involuntarily after attaining a combination of age and years of service
totaling at least 80; or
	 
	 	(c) 	 	is designated by the Chief Executive Officer of
the Company as eligible to participate in this Plan as a Retired
Employee.

II . ELIGIBILITY

     2.1 A Covered Employee under the Plan on December 31, 2008, who was employed by a
Participating Employer on January 1, 2009, shall continue to be a Covered Employee under the Plan
on January 1, 2009, subject to the termination of coverage provisions. Any other Employee shall be
eligible for coverage under the Plan only if designated by the Chief Executive Officer of the
Company as eligible for coverage under the Plan.

     2.2 A Retired Employee who is a Covered Individual under the Plan on December 31, 2008 shall
continue to be a Covered Individual under the Plan on December 31, 2009, subject to the termination
of coverage provisions. Any other Retired Employee shall be eligible for coverage under the Plan
only after meeting the requirements of Section 1.12.

     2.3 The Covered Individuals described in Sections 2.1 and 2.2 above must participate in the
Energizer Health Care Program as a prerequisite for Plan participation. Retired Employees who are
ineligible to participate in the Energizer Health Care Program must contribute the amount specified
in Section 3.2 of the Plan.

     2.5 Individuals employed by a foreign affiliate of a Participating Employer who are not U.S.
citizens and who are designated as Covered Individuals in this Plan must be covered by the
available overseas health coverage or the Energizer Health Care Program as a prerequisite for Plan
participation.

III . CONTRIBUTIONS

     3.1 Covered Employees are not required to pay contributions for their Plan coverage or that of
their Dependents. However, they are required to pay contributions for their Energizer Health Care
Program coverage.

     3.2 Retired Employees who participate in the Energizer Health Care Program are not required to
pay contributions for their Plan coverage. Retired Employees who are ineligible to
participate in the Energizer Health Care Program must contribute the rate being charged for high

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option retiree coverage under the Energizer Health Care Program (contact the Committee for the
current rates).

     3.3 The surviving spouse of a Covered Employee who dies prior to retirement must pay premiums
equal to those being charged to Covered Employees participating in the Energizer Health Care
Program until the date on which the deceased Covered Employee would have been 65 years old. A
surviving child who continues to meet the eligibility requirements for a Dependent under this Plan
is also subject to the same contribution requirements.

IV . EFFECTIVE DATE OF COVERAGE

     4.1 The effective date of coverage for Covered Individuals under the Plan on December 31, 2008
shall be the date such Covered Individual was first eligible to participate in the Plan.

     4.2 On or after January 1, 2009, the effective date of coverage for an Employee shall be the
date the Employee is designated by the Chief Executive Officer of the Company as eligible for
coverage under the Plan.

     4.3 On or after January 1, 2009, the effective date of coverage for a Dependent shall be the
date the Dependent satisfies the eligibility requirements under the Plan.

     4.4 On or after January 1, 2009, the effective date of coverage for a Retired Employee shall
be the date the Retired Employee satisfies the eligibility requirements under the Plan.

V . BENEFITS PAYABLE

     The benefits payable under this Plan are the Covered Expenses incurred for medical, dental and
vision care expenses defined in Section 213(e) of the Internal Revenue Code of 1986, as amended,
and in Treasury Regulations §1.213-1, as amended.

     Examples of expenses which may be considered Covered Expenses are expenses incurred for the
following medical, dental or vision care, services and supplies:

	 	 	 	 	 	 	 	 	 

	 

	 	•
	 	Ambulance
	 	•
	 	Artificial limbs
	 

	 	•
	 	Chiropodists
	 	•
	 	Chiropractors
	 

	 	•
	 	Crutches
	 	•
	 	Diagnostic services
	 

	 	•
	 	Doctors
	 	•
	 	Hospital Care — room and board
	 

	 	•
	 	Laboratory services
	 	•
	 	Prescription drugs
	 

	 	•

•
	 	Nurses — services
rendered by a Registered Nurse, Licensed
Practical Nurse, or a Practical Nurse if
an RN or LPN is not available (including
nurses’ room and board paid by the
Employee)

Special medical
equipment

	 	•

•

•

•

•
	 	Physicians

Psychiatrists

Podiatrists

Osteopaths

Psychologists
	 

	 	 	 	     	 	•
	 	Surgeons

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	 	•

•
	 	Special food or
beverages prescribed for the treatment of
an illness

Eye care
	 	•

•

•
	 	Therapy

X-ray services

Dental care
	 

	 	•
	 	Guide dogs for the blind and deaf	 	•
	 	Transportation expenses for medical care
	 

	 		 		 	 	 	 

     Claims for expenses incurred in making a capital expenditure or improvement to real estate
must be approved by the Committee in advance of such expenditure.

VI . MAXIMUM BENEFIT FOR A COVERED EMPLOYEE’S FAMILY UNIT

     6.1 The maximum calendar-year benefit payable to a Covered Employee and his/her Dependents
from the Plan is $50,000 for the Family Unit as a whole. The maximum calendar-year benefit payable
to his/her divorced spouse and his/her Dependents from the Plan is $25,000 for the Family Unit as a
whole.

     6.2 The Dependents of a Covered Employee who meet the criteria under Section 1.6(d) herein
will be entitled to coverage limits equal to those provided in the Energizer Health Care Program in
addition to the annual maximum coverage limits affected in this Plan.

VII . MAXIMUM BENEFIT FOR A RETIRED EMPLOYEE’S FAMILY UNIT

     7.1 The maximum calendar-year benefit payable to a Retired Employee and his/her surviving
Dependents is $50,000 for the family unit as a whole. This maximum calendar-year benefit is in
addition to the $1,000,000 lifetime maximum from the underlying coverage for a Retired Employee
under the Energizer Health Care Program. Covered Employees who are eligible for coverage as a
Retired Employee under the Energizer Health Care Program must participate in order to receive
coverage as a Retired Employee under the Plan. A Retired Employee must enroll in the high option
retiree coverage.

     7.2 A Retired Employee who is ineligible for the Energizer Health Care Program but who
participates in this Plan, is eligible for a $1,000,000 lifetime benefit for all covered medical
expenses. However, such a Retired Employee is not eligible for the $50,000 calendar-year benefit
after the $1,000,000 lifetime maximum has been exhausted. A $25,000 maximum calendar-year benefit
will be payable to his/her divorced spouse(s) or Dependent(s) other than a surviving spouse.

     7.3 Individuals who retire from a foreign affiliate of a Participating Employer who are not
U.S. citizens are not eligible for coverage under this Plan as a Retired Employee.

VIII . EXCEPTIONS

     Benefits will not be payable under this Plan for expenses incurred for or in connection with:

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     8.1 Medical care, services and supplies for which no charge is made or for which the Covered
Individual is not, in the absence of this coverage, legally obligated to pay.

     8.2 Medical care, services and supplies which are furnished by a hospital or facility operated
by or at the direction of the U.S. Government or any authorized agency thereof, or furnished at the
expense of such Government or Agency, or by a doctor employed by such a hospital or facility,
unless (1) the treatment is of an emergency nature, and (2) the Covered Individual is not entitled
to such treatment without charge by reason of status as a veteran or otherwise.

     8.3 Medical care, services or supplies to the extent that they are paid for, payable or
furnished (1) pursuant to any plan or program administered by a National Government or Agency
thereof or with funds received from taxation or contributions collected pursuant to legislation by
a National Government, or (2) pursuant to any State Cash Sickness law or laws of a similar
character, including any group insurance policy approved under such a law.

     8.4 Blood or blood plasma for which the hospital or other supplier makes a refund or allowance
to or on behalf of the Covered Individual either as a result of the operation of a group blood bank
or otherwise, but only to the extent of the refund or allowance.

     8.5 Sickness covered by Workers’ Compensation law, occupational disease law, or laws of
similar character, or injury arising out of or in the course of any occupation or employment for
compensation, profit or gain.

     8.6 Charges resulting from an injury, sickness, or pregnancy for which a Covered Individual
received any medical care or services within the three month period immediately before becoming a
Covered Individual under this Plan until the earlier of:

	 	(a)	 	the end of a period of 12 consecutive months during which the Covered
Individual has not received in connection with such injury, sickness, or condition any
medical, surgical, hospital or nursing services or treatment of any kind or any drugs
or medicine lawfully obtainable only upon prescription of a doctor; or
	 
	 	(b)	 	the end of a period of 12 consecutive months during which the Covered
Individual has been continuously covered under this Plan.

	 	 	The following charges shall not be subject to this exception 8.6:

	 	(1)	 	charges for professional services and supplies related to care
and treatment of teeth or nerves connected to teeth, and
	 
	 	(2)	 	charges incurred by an individual who was covered under the
Energizer Health Care Program on the date immediately preceding the day his/her
Plan coverage became effective under this Plan, to the extent that the
requirements of exception 8.6 have been satisfied under the Energizer Health
Care Program.

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     8.7 Medical care, services and supplies to the extent that they are paid for or payable under
the Energizer Health Care Program.

     8.8 Use of a Christian Science Practitioner.

     8.9 Insurance premiums for hospitalization, medical, dental or vision care; or for pre-paid
medical, dental or vision care. Included in this exclusion are premiums paid for participation in
the Energizer Health Care Program as either a Covered Employee or a Retired Employee.

IX . TERMINATION OF COVERAGE

     A Covered Individual’s coverage under the Plan will terminate on the earlier of the following
dates:

	 	(a)	 	The date the Covered Individual ceases to be eligible for coverage;
	 
	 	(b)	 	The date of termination of this Plan; or
	 
	 	(c)	 	The date the Covered Individual is designated by the Chief Executive Officer of
the Company as ineligible to participate in the Plan.

X . TERMINATION OF DEPENDENT COVERAGE

     The coverage of each Dependent of a Covered Employee terminates on the earliest of the
following dates:

     10.1 The date the Covered Employee’s coverage terminates except as noted in Section 10.3 below
for Dependents of a deceased Covered Employee.

     10.2 The date a Dependent ceases to be eligible under the Plan; provided that a covered
unmarried child who (1) before the date he ceases to be eligible due to attaining age 19, becomes
incapable of self-sustaining employment by reason of mental or physical handicap, and (2) is
dependent upon the Covered Employee for his principal support and maintenance, will not cease to
qualify solely because of attained age while that Dependent remains incapacitated and dependent
provided initial proof of incapacity and dependency status is submitted to the Committee not more
than 31 days after such Dependent would cease to be eligible by reason of attained age.

     10.3 With respect to the coverage of a former spouse of a Covered Employee, or a surviving
spouse, and surviving children of a deceased Covered Employee who at the time of death had a
minimum of two years of service, upon the earliest of the following: (1) the date a former spouse
or surviving spouse remarries or dies, or (2) the 65th birthday of a former spouse, or
(3) the date a former spouse becomes eligible for government-sponsored medical benefits. If a
surviving spouse dies while a child is covered under the Plan, the child will remain eligible as
long as he or she qualifies as a Dependent.

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     The insurance of a former spouse will not terminate upon termination of insurance of the
Covered Employee if at the time the divorce decree became final the Covered Employee was age 55 or
over and had 20 years or more of service.

     10.4 With respect to a Dependent who is a full-time, unmarried student, the earlier of (1) the
end of a ninety-day period immediately following the date the Dependent ceases to be enrolled as a
student, or (2) the date the Dependent becomes eligible under any other group medical plan or
program.

XI . CONTINUATION OF HEALTH COVERAGE

     As required by the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Plan
will allow continued health coverage for a Covered Employee and the Covered Employee’s eligible
Dependents, under certain circumstances.

     WHEN DOES THE CONTINUATION PROVISION APPLY?

     The continuation provision applies when a Covered Employee or an eligible Dependent
experiences a situation — called a “qualifying event” — which would normally result in the loss of
health coverage under the Plan for the Covered Employee or the covered Dependent. In such a
situation the Covered Employee may elect to continue his/her present coverage for a specified
period. Qualifying events include:

	 	(a)	 	the termination of the Covered Employee’s employment, either voluntary or
involuntary (unless the Covered Employee is discharged for gross misconduct);
	 
	 	(b)	 	a reduction in the Covered Employee’s work hours.

     Also, Dependents may continue their present coverage for a specified period in the event of
the Covered Employee’s:

	 	(1)	 	death,
	 
	 	(2)	 	termination of employment (for reasons other than the Covered
Employee’s gross misconduct) or reduction in work hours,
	 
	 	(3)	 	divorce,
	 
	 	(4)	 	entitlement to Medicare, or
	 
	 	(5)	 	Dependent child’s ceasing to meet the definition of a Dependent
under the Plan.

     HOW MUCH DOES CONTINUED COVERAGE COST?

     The Covered Employee is required to pay the Plan’s full cost of continued coverage plus a 2%
charge to cover the cost of administration. The Covered Employee will be asked to pay for the
coverage in monthly installments and his/her first payment must begin no later than 45 days

- 8 -

 

after
the date that he/she elects continued coverage. The Committee can provide the Covered Employee
with current cost information.

     CAN THE COVERED EMPLOYEE CONTINUE FULL HEALTH COVERAGE?

     If the Covered Employee chooses continued coverage, the Covered Employee and his/her covered
Dependents will be entitled to the same coverage the Covered Employee and his/her covered
Dependents had the day prior to the qualifying event, and the Covered Employee or his/her covered
Dependents will not be asked to furnish a statement of health. If the Covered Employee or his/her
Dependents do not choose continued coverage, Plan coverage will end for the applicable Covered
Individual on the day the qualifying event occurred.

     HOW LONG IS COVERAGE CONTINUED?

     Coverage may be continued for 18 months after the date of the qualifying event in the case of
termination of employment or reduction of hours, and 29 or 36 months for all other events listed.
If a covered Dependent becomes entitled to continued coverage because of termination of the Covered
Employee’s employment or reduction in the Covered Employee’s hours and a covered Dependent then
experiences another of the events which would entitle such person to continued coverage, he or she
may extend the 18-month continuation period to 36 months from the date of the event that first made
him or her eligible for continued coverage. At the end of the 18-month or 36-month continuation
period, the Covered Employee will be given the option to enroll in an individual conversion medical
plan.

     Coverage may be terminated earlier than the above dates for an individual:

	 	(a)	 	who becomes covered under another group health plan as an employee or
otherwise, unless a pre-existing condition is not covered by the new plan;
	 
	 	(b)	 	who becomes eligible for Medicare;
	 
	 	(c)	 	who fails to make a required premium payment; or
	 
	 	(d)	 	whose Participating Employer ceases to provide a group health plan.

     The Covered Employee must notify the Committee upon the occurrence of events (a) or (b) above.

     WHAT IF THE COVERED EMPLOYEE BECOMES ENTITLED TO MEDICARE?

     If the Covered Employee becomes entitled to Medicare, regardless of whether this results in
loss of the Covered Employee’s coverage under the Plan, the Covered Employee’s Dependents who are
entitled to continued coverage are eligible for a continuation period of not shorter than 36 months
from the date the Covered Employee becomes entitled to Medicare. This continuation period is
measured from the time the Covered Employee is entitled to Medicare, not from the time his/her
Dependents lose coverage. The total continuation period for the Covered

- 9 -

 

Employee’s Dependents may
actually exceed 36 months, depending on when the Covered Employee becomes entitled to Medicare.

     ARE THERE ANY OTHER SITUATIONS THAT WOULD ALLOW FOR EXTENDED COVERAGE?

     If the Covered Employee and his/her Dependents lose coverage because of termination of the
Covered Employee’s employment or reduction of hours and if the Covered Employee or a Dependent is
determined by the Social Security Administration to have been disabled (as determined under the
Social Security Act) during the first 60 days of continuation coverage, then the disabled
individual (and other members of the Family Unit who are covered under COBRA) may extend the
continued coverage period for 11 additional months, provided:

	 	•	 	A notice of a Social Security determination is given to the Plan
Administrator before the end of the initial 18-month period and within 60 days after
the date of such determination.
	 
	 	•	 	The Plan may require payments of up to 150 percent of the applicable cost
for providing the coverage for these 11 additional months.

     WHAT MUST I DO TO OBTAIN CONTINUED COVERAGE?

     Both the Covered Employee and the Participating Employer have responsibilities when certain
events occur which qualify the Covered Employee for continued coverage.

     The Covered Employee or the Covered Employee’s eligible family members must notify the
Committee immediately in the event of:

	 	•	 	Divorce
	 
	 	•	 	Cessation of Dependent child coverage

     The Committee will notify any eligible family members who are affected by the event of their
right to elect continued coverage.

     The Covered Employee or the Covered Employee’s eligible family members will be notified of the
right to elect continued coverage within 14 days in the event of:

	 	•	 	Termination of employment
	 
	 	•	 	Reduction in hours
	 
	 	•	 	The Covered Employee’s death
	 
	 	•	 	The Covered Employee’s entitlement to Medicare

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     The Covered Employee or the Covered Employee’s eligible family members will have a 60-day
period during which continued coverage may be elected. The 60-day period begins on the later of
(1) the date the Covered Employee’s coverage terminates by reason of the qualifying event, or (2)
the date the Covered Employee or the Covered Employee’s eligible family members were notified of
the right to elect continued coverage. Please note: The Covered Employee is not eligible for
continuation of coverage if the Covered Employee remains covered by another group health plan upon
termination of coverage in the Plan.

     ADDITIONAL INFORMATION

     If the Covered Employee has any questions or needs further information about the continued
coverage provision he/she should contact the Third Party Benefits Administrator, as identified in
the Medical Plan Summary Plan Description.

     Also, if the Covered Employee has changed marital status, or if the Covered Employee or one of
his/her Dependents has a change of address, the Third Party Benefits Administrator, as identified
in the Medical Plan Summary Plan Description, should be notified.

XII . EXTENDED MEDICAL BENEFIT ON TERMINATION OF COVERAGE

     If a Covered Employee or a Covered Retiree becomes “disabled”, benefits will be payable
subject to the applicable maximum and other provisions and exceptions of the Plan for Covered
Expenses incurred as a result of the injury or sickness causing such disability provided that:

     12.1 In no event shall benefits be payable for charges for Covered Expenses rendered or
received more than 24 months after the date such disability occurs, or the termination of the Plan,
whichever is earlier.

     12.2 He/she remains continuously disabled from the same cause until the date the Covered
Expenses are incurred.

     12.3 He/she does not become covered under any other group policy or plan, including any group
basis service or prepayment plan, which entitles him/her to receive benefits for the injury or
sickness causing the disability.

     For purposes of this Plan, a Covered Employee or Covered Retiree shall be deemed to be
disabled if such individual is incapable of performing the material and substantial duties of
his/her regular occupation due to physical or mental sickness or injury.

XIII. PROTECTED HEALTH INFORMATION

     13.1 General. This Article XIII is effective as of April 14, 2003. The Plan shall use and
disclose protected health information (“PHI”) in accordance with the uses and disclosures required
and permitted by the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”). This
includes, but is not limited to the following uses and disclosures by the Plan:

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	 	(a)	 	The Plan may use or disclose PHI for its own payment and health care
operations, subject to the provisions of Section 13.3;
	 
	 	(b)	 	The Plan may disclose PHI of a Covered Individual for treatment activities of a
health care provider;
	 
	 	(c)	 	The Plan may disclose PHI of a Covered Individual to another covered entity or
a health care provider for the payment activities of that entity;
	 
	 	(d)	 	The Plan may disclose PHI of a Covered Individual to another covered entity for
health care operations of that covered entity, if both the Plan and covered entity has
or had a relationship with the Covered Individual, the PHI pertains to such
relationship, and the disclosure is for a purpose listed in Section 13.2(b)(1), (2), or
(3) or for the purpose of health care fraud and abuse detection or compliance;
	 
	 	(e)	 	The Plan may disclose PHI of a Covered Individual to another covered entity
that participates in an organized health care arrangement with the Plan, for any health
care operations activities of the organized health care arrangement; or
	 
	 	(f)	 	The Plan may use or disclose PHI of a Covered Individual in accordance with a
specific authorization executed by such Covered Individual.

     13.2 Definitions. For purposes of this Article XIII, the following terms shall have the
following meanings:

	 	(a)	 	“Covered entity” means a health plan, a health care clearinghouse, or a health
care provider who transmits any health information in electronic form.
	 
	 	(b)	 	“Health care operations” include, but are not limited to, the following
activities of the Plan:

	 	(1)	 	conducting quality assessment and improvement activities;
	 
	 	(2)	 	population-based activities relating to improving health or
reducing health care costs, protocol development, case management and care
coordination, disease management, contacting health care providers and Covered
Individuals with information about treatment alternatives;
	 
	 	(3)	 	evaluating Plan performance;
	 
	 	(4)	 	determining required Covered Individual contributions for plan
coverage and securing, placing or terminating a contract for reinsurance of
risk relating to health care claims (including stop-loss insurance and excess
of loss insurance);
	 
	 	(5)	 	conducting or arranging for medical review, legal services and
auditing functions, including fraud and abuse detection and compliance
programs;

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	 	(6)	 	business planning and development, such as conducting
cost-management and planning-related analyses related to managing and operating
the Plan, including formulary development and administration, development or
improvement of payment methods or coverage policies;
	 
	 	(7)	 	business management and general administrative activities of
the Plan, including, but not limited to:

	 	(A)	 	management activities relating to the
implementation of and compliance with HIPAA’s administrative
simplification requirements;
	 
	 	(B)	 	customer service;
	 
	 	(C)	 	resolution of internal grievances;
	 
	 	(D)	 	the merger or consolidation of all or part of
the Plan with an entity that is a “covered entity” under HIPAA or that
will become a “covered entity” following such activity, and due
diligence related to such activity; and
	 
	 	(E)	 	creating de-identified health information or a
limited data set.

	 	(c)	 	“Payment” includes activities undertaken by the Plan to obtain contributions or
determine or fulfill its responsibility for coverage and provision of benefits to a
Covered Individual under the Plan. These activities include, but are not limited to,
the following:

	 	(1)	 	determination of eligibility, coverage and cost sharing amounts;
	 
	 	(2)	 	coordination of benefits;
	 
	 	(3)	 	adjudication of claims and appeals under the Plan;
	 
	 	(4)	 	subrogation of health benefit claims;
	 
	 	(5)	 	billing, collection activities and related health care data processing;
	 
	 	(6)	 	claims management and related health care data processing,
including auditing payments, investigating and resolving payment disputes and
responding to Covered Individual inquiries about payments;
	 
	 	(7)	 	obtaining payment under a contract for reinsurance (including
stop-loss and excess of loss insurance);
	 
	 	(8)	 	medical necessity reviews or reviews of appropriateness of care
or justification of charges;

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	 	(9)	 	utilization review, including precertification,
preauthorization, concurrent review and retrospective review; and
	 
	 	(10)	 	disclosure to consumer reporting agencies of any of the
following PHI relating to the collection of contributions or reimbursement:
name and address, date of birth, Social Security number, payment history,
account number and name and address of the provider or health plan.

	 	(d)	 	“Treatment” means the provision, coordination, or management of health care and
related services by one or more health care providers, including the coordination or
management of health care by a health care provider with a third party, consultation
between health care providers relating to a patient, or the referral of a patient for
health care from one health care provider to another.

     13.3 Disclosure to Participating Employer. The Plan may disclose PHI of a Covered Individual
to the Participating Employer for the purposes set forth in Section 13.1, only if the Plan receives
certification from the Company that the Plan has been amended to incorporate the provisions of
Section 13.4.

     13.4 Participating Employer Agreements With Respect to PHI. Each Participating Employer
agrees to:

	 	(a)	 	Not use or further disclose PHI other than as permitted or required by the Plan
document or as required by law;
	 
	 	(b)	 	Ensure that any agents, including a subcontractor, to whom a Participating
Employer provides PHI received from the Plan, agree to the same restrictions and
conditions that apply to a Participating Employer with respect to such PHI;
	 
	 	(c)	 	Not use or disclose PHI for employment-related actions and decisions unless
authorized by the Covered Individual;
	 
	 	(d)	 	Not use or disclose PHI in connection with any other benefit or employee
benefit plan of a Participating Employer, unless authorized by the Covered Individual,
or unless in accordance with Section 13.1(e);
	 
	 	(e)	 	Report to the Plan’s Privacy Officer any PHI use or disclosure that it becomes
aware of which is inconsistent with the uses or disclosures provided for;
	 
	 	(f)	 	Make PHI available to a Covered Individual in accordance with HIPAA’s access
requirements;
	 
	 	(g)	 	Make PHI available to a Covered Individual for amendment and incorporate any
amendments to PHI in accordance with HIPAA;
	 
	 	(h)	 	Make available to the Covered Individual the information required to provide an
accounting of disclosures in accordance with HIPAA;

- 14 -

 

	 	(i)	 	Make internal practices, books and records relating to the use and disclosure
of PHI received from the Plan available to the Secretary of Health and Human Services
for the purpose of determining the Plan’s compliance with HIPAA;
	 
	 	(j)	 	If feasible, return or destroy all PHI received from the Plan that a
Participating Employer still maintains in any form, and retain no copies of such PHI
when no longer needed for the purpose for which disclosure was made (or, if return or
destruction is not feasible, limit further uses and disclosures to those purposes that
make the return or destruction infeasible); and
	 
	 	(k)	 	Ensure that adequate separation as set forth in Section 13.5 is established.

     13.5 Adequate Separation Between the Plan and each Participating Employer.

	 	(a)	 	In accordance with HIPAA, only the following individuals shall be given access
to disclosed PHI:

	 	(1)	 	Field Locations: Director of Human Resources, Assistant
Director of Human Resources, Human Resources Manager, Human Resources
Administrator, Human Resources Associate, Human Resources Assistant, Human
Resources Secretary, Nurse, Purchasing Assistant (Garrettsville), Buyer
(Marietta), Accounting Associate, Administrative Coordinator, and Production
Manager (Garrettesville);
	 
	 	(2)	 	Corporate Human Resources: Director of Benefits, Benefits
Analyst, Administrative Coordinator, Human Resources Assistant, Director of
Human Resources and Facility Services, and Compensation and Benefits
Administrator;
	 
	 	(3)	 	Corporate Legal: Employee Benefits Counsel, Senior Labor
Counsel, and Labor/Employment Legal Assistant; and
	 
	 	(4)	 	Corporate Internal Audit: Audit Director, IT Audit Team
Leaders, Audit Project Leader, Audit Manager, and Manager Special
Investigations.

	 	(b)	 	The individuals described in subsection (a) may only have access to and use PHI
for Plan administration functions that the Participating Employer performs for the
Plan.
	 
	 	(c)	 	If the individuals described in subsection (a) do not comply with this Article,
sanctions will be imposed in accordance with the Participating Employer’s discipline
rules and procedures for violations of other policies of the Participating Employer.
Sanctions may range from a warning to termination of employment, depending on the
circumstances of the violation. Circumstances to consider include:

	 	(1)	 	the nature and severity of the violation;

- 15 -

 

	 	(2)	 	whether the violation was intentional or unintentional;
	 
	 	(3)	 	whether the violation was an isolated occurrence or a pattern
of unauthorized use and disclosure of PHI;
	 
	 	(4)	 	any history of past violations;
	 
	 	(5)	 	the sanctions imposed for similar violations;
	 
	 	(6)	 	whether the employee reported the violation on his or her own;
and
	 
	 	(7)	 	the employee’s willingness to cooperate with the investigation
of the violation.

XIV. FUNDING

     Benefits provided under the Plan will provide through insurance policies.

XV. TAX CONSEQUENCES

     Benefits provided under this Plan are not taxable as ordinary income under current tax laws.

     Please note that the tax laws change frequently. A Covered Individual will be advised if a
tax law change has any effect on the Covered Individual’s Plan coverage.

XVI. MODIFICATION AND TERMINATION OF COVERAGE

     The Company and the Committee are each empowered to amend, modify or terminate this Plan at
any time. The Company reserves the right to assign its rights and obligations under the Plan to a
third party.

XVII. FILING A CLAIM

     Claim forms for the Plan should be submitted along with itemized bills to the Third Party
Benefits Administrator, as identified in the Medical Plan Summary Plan Description. The Third
Party Benefits Administrator will honor an assignment to the treating physician, hospital, etc., of
all benefits paid through the Energizer Health Care Program but all payments made through the Plan
will be to the Covered Employee.

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     IN WITNESS WHEREOF, EPAC has caused this 2009 Restatement of the Plan to be executed this 23rd
day of December, 2008.

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC.

 	 
	 	By:  	/s/ Peter J. Conrad
 	 
	 	Title: 	 Vice President Human Resources 	 
	 	 	 	 
	 

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