Document:

<PAGE>

                                                                   EXHIBIT 10(i)

                              EMPLOYMENT AGREEMENT

          AGREEMENT, dated as of the 19th day of March, 2002 (this "Agreement"),
by and between The Gillette Company, a Delaware corporation (the "Company"), and
Edward F. DeGraan (the "Executive").

          WHEREAS, the Company has determined that it is in its best interests
and that of its stockholders to continue to employ the Executive upon terms and
conditions intended to assure that the Company will have the continued
dedication of the Executive without distraction relating to employment and
severance terms and conditions, to encourage the Executive's full attention and
dedication to the Company, to provide the Executive with compensation, benefits
and severance arrangements that are competitive with those of other peer
companies and to protect the interests of the Executive and Company in the event
the employment of the Executive is terminated.

          WHEREAS, the Executive desires to continue his employment with the
Company, subject to the terms and conditions of this Agreement.

          THEREFORE, in consideration of the premises and mutual covenants
contained herein and for other good and valuable consideration, the receipt of
which is mutually acknowledged, the Company and the Executive agree as follows:

          SECTION 1. CERTAIN DEFINITIONS

          (a) "AFFILIATED COMPANY" means any company controlled by, or under
common control with, the Company.

          (b)  "CHANGE OF CONTROL" means

          (1)  The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of
either (A) the then-outstanding shares of common stock of the Company (the
"Outstanding Company Common Stock") or (B) the combined voting power of the
then-outstanding voting securities of the Company entitled to vote generally in
the election of directors (the "Outstanding Company Voting Securities");
provided, however, that, for purposes of this Section 1(b)(1), the following
acquisitions shall not constitute a Change of Control: (i) any acquisition
directly from the Company, (ii) any acquisition by the Company, (iii) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any Affiliated Company or (iv) any acquisition by
any corporation pursuant to a transaction that complies with Sections
1(b)(3)(A), 1(b)(3)(B) and 1(b)(3)(C);

                                                         E. DEGRAAN PAGE 1 OF 18

<PAGE>

          (2)  Individuals who, as of December 16, 1999, constituted the Board
(the "Incumbent Board") cease for any reason to constitute at least a majority
of the Board; provided, however, that any individual becoming a director
subsequent to December 16, 1999 whose election, or nomination for election by
the Company's stockholders, was approved by a vote of 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, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board;

          (3)  Consummation of a reorganization, 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, (A) all or substantially all of the individuals and entities that
were the beneficial owners of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 60% of the
then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Business
Combination (including, without limitation, a corporation that, as a result of
such transaction, owns the Company or all or substantially all of the Company's
assets either directly or through one or more subsidiaries) in substantially the
same proportions as their ownership immediately prior to such Business
Combination of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities, as the case may be, (B) no Person (excluding any corporation
resulting from such Business Combination or any employee benefit plan (or
related trust) of the Company or such corporation resulting from such Business
Combination) beneficially owns, directly or indirectly, 20% or more of,
respectively, the then-outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the
then-outstanding voting securities of such corporation, except to the extent
that such ownership existed prior to the Business Combination, and (C) at least
a majority of the members of the board of directors of the corporation resulting
from such Business Combination were members of the Incumbent Board at the time
of the execution of the initial agreement or of the action of the Board
providing for such Business Combination; or

          (4)  Approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company.

          (c)  "TARGET BONUS AMOUNT" means the greater of (1) the target bonus
applicable to the Executive, as defined in the Company's Incentive Bonus Plan or
any comparable provision of any successor annual bonus plan for the incentive
year during which the Executive's employment is terminated, or (2) the amount
actually paid to the Executive pursuant to Section 13 of the Company's Incentive
Bonus plan or any comparable provision of any successor annual bonus plan for
the incentive year immediately preceding the year of the Executive's termination
of employment.

                                                         E. DEGRAAN PAGE 2 OF 18

<PAGE>

          (d)  "PEER EXECUTIVE" means a full-time employee who is treated by the
Company as a United States employee for employment and benefits purposes and
holds a position of grade 25 and above, excluding the Chief Executive Officer.

          SECTION 2. TERM OF AGREEMENT

          The Company hereby agrees to continue the Executive in its employ, and
the Executive hereby agrees to remain in the employ of the Company, subject to
the terms and conditions of this Agreement, for the period commencing on the
date hereof (the "Effective Date") and ending on April 30, 2004 (the "Employment
Period"); provided, however, that unless previously terminated, the Employment
Period shall be automatically extended so as to terminate two years from the end
of the Employment Period, unless, no later than 90 days prior to the end of the
Employment Period, either the Company or the Executive shall give notice to the
other party that the Employment Period shall not be so extended. This Agreement
shall automatically terminate and be replaced and superseded by the Change of
Control Employment Agreement executed between the Company and the Executive (the
"Change of Control Agreement") upon the Effective Date of the Change of Control
Agreement as defined therein.

          (a)  COMMITMENT TO DUTIES. During the Employment Period, and excluding
any periods of vacation and medical or other leave of absence to which the
Executive is entitled, the Executive agrees to faithfully and diligently perform
all duties and responsibilities of his position and devote reasonable attention,
skill, energy, ability and time during normal business hours to the business and
affairs of the Company and, to the extent necessary, to discharge the
responsibilities assigned to the Executive hereunder, and to use the Executive's
reasonable best efforts to perform faithfully and efficiently such
responsibilities. During the Employment Period, it shall not be a violation of
this Agreement for the Executive to (1) serve on corporate, civic or charitable
boards or committees, (2) deliver lectures, fulfill speaking engagements or
teach at educational institutions and (3) manage personal investments, so long
as such activities do not significantly interfere with the performance of the
Executive's responsibilities as an employee of the Company in accordance with
this Agreement. It is expressly understood and agreed that, to the extent that
any such activities have been conducted by the Executive prior to the Effective
Date, the continued conduct of such activities (or the conduct of activities
similar in nature and scope thereto) subsequent to the Effective Date shall not
thereafter be deemed to interfere with the performance of the Executive's
responsibilities to the Company.

          (b)  CONFIDENTIALITY. During the Employment Period, the Executive
shall not disclose to anyone outside the Company, nor use in other than the
Company's business, any trade secret or confidential information or knowledge
relating to the Company's business or acquired by reason of employment with the
Company.

                                                         E. DEGRAAN PAGE 3 OF 18

<PAGE>

          (c)  ASSIGNMENT OF INVENTIONS AND IDEAS. In accordance with the
Executive's prior employment agreement with the Company, the Executive hereby
sells, assigns and transfers to the Company his entire interest in any invention
or idea, patentable or not, made or conceived solely or jointly by him (1)
during the Employment Period or previous period of employment with the Company,
whether or not during business hours and whether or not on Company premises, or
(2) within a period of one year after the Date of Termination as herinafter
defined. The Executive agrees to promptly disclose such idea or invention to the
Company, execute and deliver all required instruments (including a specific
assignment of title to the Company), and do anything else reasonably necessary
to enable the Company, at its own expense, to secure patent and other property
rights in the United States and in foreign countries.

          (d)  COMPLIANCE WITH COMPANY POLICIES. During the Employment Period,
the Executive shall conform to and comply with the policies, rules and
regulations of the Company.

          SECTION 3. TERMS AND CONDITIONS OF EMPLOYMENT

          The following terms and conditions shall apply to the Executive's
employment:

          (a)  POSITION AND DUTIES. The Executive shall continue to serve in his
current position or such other executive position as determined by the Company's
Chief Executive Officer.

          (b)  COMPENSATION

          (1)  BASE SALARY. The Executive shall receive an Annual Base Salary
("Annual Base Salary") of $857,000, which Annual Base Salary shall be payable in
periodic installments, no less frequently than monthly. During the Employment
Period, the Annual Base Salary shall be reviewed for possible increase every
twelve to fifteen months, depending on position and salary range. Any increase
in the Annual Base Salary shall not limit or reduce any other obligation of the
Company under this Agreement. The Annual Base Salary shall not be reduced after
any such increase, and the term "Annual Base Salary" shall thereafter refer to
the Annual Base Salary as so increased.

          (2)  INCENTIVE, SAVINGS AND RETIREMENT PLANS. The Executive shall be
eligible to participate in all incentive, savings and retirement plans and
programs generally offered to other Peer Executives of the Company, as those
plans and programs may change from time to time.

          (3)  INSURANCE AND WELFARE BENEFIT PLANS. The Executive and/or the
Executive's family, as the case may be, shall be eligible for participation in
and shall receive all benefits under the Company's Executive Life Insurance Plan
and Estate Preservation Plan, and any other welfare benefit plans and programs
generally offered to other Peer Executives of the Company (which currently
include medical, dental, disability, spouse/dependent life insurance

                                                         E. DEGRAAN PAGE 4 OF 18

<PAGE>

and travel accident insurance plans and programs), as those plans and programs
may exist and change from time to time.

          (4)  EXPENSES. The Executive shall be entitled to receive prompt
reimbursement for all reasonable expenses incurred by the Executive in
accordance with the policies, practices and procedures of the Company, in effect
from time to time, for Peer Executives of the Company.

          (5)  FRINGE BENEFITS. The Executive shall be eligible for all fringe
benefits generally offered to other Peer Executives of the Company, as those
benefits may change from time to time.

          (6)  VACATION. The Executive shall be entitled to paid vacation
provided generally to other Peer Executives of the Company in accordance with
the plans, policies, programs and practices of the Company, as they may change
from time to time.

          (7)  EFFECT OF TERMINATION. Notwithstanding anything in this Agreement
to the contrary, upon termination of employment for any reason, the Executive's
employment shall cease on the Date of Termination and the Executive shall have
no further right to the payments or benefits described in this Section 3, but
shall look to the right to the payments and benefits described in Section 5.

          SECTION 4. TERMINATION OF EMPLOYMENT

          (a)  DEATH. The Executive's employment shall terminate automatically
if the Executive dies during the Employment Period.

          (b)  DISABILITY. If the Company determines in good faith that a
Disability (as defined herein) of the Executive has occurred, it may give to the
Executive written notice in accordance with Section 4(e) of its intention to
terminate the Executive's employment. In such event, the Executive's employment
with the Company shall terminate effective on the 30th day after receipt of such
notice by the Executive (the "Disability Effective Date"), provided that, within
the 30 days after such receipt, the Executive shall not have returned to
full-time performance of the Executive's duties. "Disability" means the absence
of the Executive from the Executive's duties with the Company on a full-time
basis for at least three months as a result of incapacity due to a mental or
physical impairment that is determined to entitle the Executive to receive
benefits under The Gillette Company Long-Term Disability Plan or any successor
long-term disability plan.

          (c) CAUSE. The Company may terminate the Executive's employment for
Cause. "Cause" for this purpose means:

          (1) the Executive's continued failure to perform substantially his
duties with the Company or any of its subsidiaries (other than any such failure
resulting from incapacity due to physical or mental impairment), after a written
demand for performance is delivered to the Executive by the Board or the Chief
Executive Officer of the Company that specifically identifies

                                                         E. DEGRAAN PAGE 5 OF 18

<PAGE>

the manner in which the Board or the Chief Executive Officer believes that
Executive has not performed his duties;

          (2)  the Executive's engaging in illegal conduct or misconduct which
is injurious to the Company;

          (3)  the Executive's failure to comply with any restriction set forth
in Section 8(c) of this Agreement;

          (4)  the Executive's violation of a material Company policy, rule or
regulation; or

          (5)  the Executive's conviction of a felony or a plea of nolo
contendere by Executive with respect thereto.

          (d)  GOOD REASON. The Executive's employment may be terminated by the
Executive for Good Reason. "Good Reason" for this purpose means:

          (1)  any substantial failure by the Company to comply with Section
3(a) or 3(b) of this Agreement, provided that the Executive has first (a) given
written notice to the Company of the alleged violation of Section 3(a) or (b)
within 60 days of the action or incident giving rise to the alleged violation
and (b) the Company has failed to remedy the alleged violation within 30 days
after the receipt of notice thereof;

          (2)  any purported termination by the Company of the Executive's
employment other than as expressly permitted by this Agreement; or

          (3)  any failure by the Company to comply with and satisfy Section
11(c).

          (e)  NOTICE OF TERMINATION. Any termination by the Company for Cause,
or by the Executive for Good Reason, shall be communicated by Notice of
Termination to the other party hereto given in accordance with Section 13(b).
"Notice of Termination" means a written notice that (1) indicates the specific
termination provision in this Agreement relied upon, (2) to the extent
applicable, sets forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of the Executive's employment under the
provision so indicated, and (3) if the Date of Termination (as defined herein)
is other than the date of receipt of such notice, specifies the Date of
Termination (which Date of Termination shall be not more than 30 days after the
giving of such notice). The failure by the Executive or the Company to set forth
in the Notice of Termination any fact or circumstance that contributes to a
showing of Good Reason or Cause shall not waive any right of the Executive or
the Company, respectively, hereunder or preclude the Executive or the Company,
respectively, from asserting such fact or circumstance in enforcing the
Executive's or the Company's respective rights hereunder.

                                                         E. DEGRAAN PAGE 6 OF 18

<PAGE>

          (f)  DATE OF TERMINATION. "Date of Termination" means (1) if the
Executive's employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified in the Notice of Termination, as the case may be, (2)
if the Executive's employment is terminated by the Company other than for Cause
or Disability, the Date of Termination shall be the date on which the Company
notifies the Executive of such termination or any later date specified in the
Notice of Termination, as the case may be, (3) if the Executive's employment is
terminated by reason of death or Disability, the Date of Termination shall be
the date of death of the Executive or the Disability Effective Date, as the case
may be and (4) if the Executive's employment is terminated by either party's
giving of notice in accordance with Section 2 that the Employment Period under
this Agreement shall not be extended, the Date of Termination shall be the last
day of the Employment Period.

          SECTION 5. OBLIGATIONS OF THE COMPANY UPON TERMINATION

          (a)  TERMINATION BY THE COMPANY OR THE EXECUTIVE. If during the
Employment Period, the Company terminates the Executive's employment other than
for Cause or Disability or the Executive terminates employment for Good Reason
or at the end of the Employment Period either the Company or the Executive
elects not to renew the term of this agreement:

     (1)  Within 30 days after the Date of Termination, the Company shall pay
the aggregate of the following amounts in a lump sum in cash to the Executive:

     (a)  the Executive's Annual Base Salary through the Date of Termination to
the extent not previously paid;

     (b)  to the extent not previously paid and to the extent such deferrals are
not continued pursuant to a Termination Settlement Agreement, any compensation
previously deferred by the Executive under the Company's Supplemental Savings
Plan, Incentive Bonus Plan and/or Stock Equivalent Unit Plan (together with any
accrued interest or earnings thereon), in accordance with the terms of those
plans; and

     (c)  any accrued vacation pay, to the extent not previously paid.

     (2)  The Executive shall be offered a Termination Settlement Agreement
prepared by the Company which includes the following material terms and is
subject to the following conditions:

     (a)  SEVERANCE PAY - The Company shall pay the Executive the sum of (i) two
     years of the Executive's Annual Base Salary, and (ii) two times the Target
     Bonus Amount ("Severance Pay"). The Executive may elect to receive
     Severance Pay either as (1) a lump sum payment, (2) continuing semi-monthly
     payments over a period of two years, or (3) continuing semi-monthly
     payments over a period of less than two years, followed by a lump sum
     payment of the balance due within 30 days of the last semi-monthly payment.
     If on the Date of Termination the Executive is within five years of
     earliest eligibility for

                                                         E. DEGRAAN PAGE 7 OF 18

<PAGE>

     retirement under The Gillette Company Retirement Plan, he may elect to
     receive Severance Pay as continuing payments over a period longer than two
     years, as set forth below.

     Severance Pay which is paid as continuing payments, but not Severance Pay
     which is paid as a lump sum, will be included in the calculation of Average
     Annual Compensation and will result in receipt of age and service credit,
     all in accordance with the terms of The Gillette Company Retirement Plan.

     If the Executive elects to retire and begin receiving pension payments
     during a period in which Severance Pay is being provided as continuing
     payments, he will receive a lump sum payment of the balance of any
     Severance Pay due under the Termination Settlement Agreement. Once pension
     payments begin, the Executive is eligible for only those pension payment
     and benefits and services available to retirees.

     (b)  RETIREMENT -

          (1)  VESTED RIGHT PENSION. If, on the Date of Termination or during
               the period during which the Executive receives Severance Pay as
               continuing payments, the Executive is not retirement-eligible but
               has five or more years of credited service, the Executive will be
               eligible to receive a vested rights pension under The Gillette
               Company Retirement Plan.

          (2)  RETIREMENT-ELIGIBLE ON DATE OF TERMINATION. If, on the Date of
               Termination, the Executive is eligible for a pension under The
               Gillette Company Retirement Plan, the Executive may elect to
               retire and begin receiving pension payments at any time after the
               Date of Termination.

          (3)  WITHIN FIVE YEARS OF RETIREMENT ELIGIBILITY. If, on the Date of
               Termination, the Executive is not retirement-eligible but is
               within five years of earliest eligibility for retirement, the
               Executive may elect to receive Severance Pay as extended
               continuing payments apportioned throughout the time period from
               the Date of Termination until the earliest date of retirement
               eligibility, and thereby receive age and service credit to the
               earliest date of retirement eligibility under The Gillette
               Company Retirement Plan.

     (C)  STOCK OPTION PLAN - If the Executive is not eligible for early, normal
          or late retirement under the terms of The Gilllette Company Retirement
          Plan on the last day he receives Severance Pay, all options held by
          the Executive, which are not otherwise exercisable under the terms of
          the Stock Option Plan or a successor plan, shall become exercisable
          and all options held by the Executive shall remain exercisable for a
          period of three years thereafter provided, however, that in no event
          shall any option be exerciseable beyond ten years from its date of
          grant. If the Executive is eligible for early, normal or late
          retirement under the terms of The Gilllette Company Retirement Plan on
          the last day he receives Severance Pay, all options granted prior to
          2002

                                                         E. DEGRAAN PAGE 8 OF 18

<PAGE>

          which are held by the Executive for one or more years and which are
          not otherwise exercisable under the terms of the Stock Option Plan or
          a successor plan, shall become exercisable and remain exercisable for
          a period of five years thereafter provided, however, that in no event
          shall any option be exerciseable beyond ten years from its date of
          grant. If the Executive is eligible for early, normal or late
          retirement under the terms of The Gillette Company Retirement Plan on
          the last day he receives Severance Pay, all options granted beginning
          in 2002 which are held by the Executive and which are not otherwise
          exercisable under the Stock Option Plan or a successor plan, shall
          become exercisable and remain exercisable for the remaining term of
          the option.

     (d)  BENEFITS - For the period of time after the Executive's Date of
          Termination during which the Executive receives Severance Pay as
          continuing payments, but not if the Executive receives Severance pay
          as a lump sum, the Company shall continue to permit the Executive
          and/or the Executive's family, where applicable to participate in the
          following plans and benefits:

               Medical Plan
               Dental Plan
               Employees' Savings Plan

               Supplemental Savings Plan
               Executive Life Insurance Plan
               Spouse and Child Life Insurance Plan
               Flexible Spending Accounts

          provided, however, that, if the Executive becomes re-employed with
          another employer and is eligible to receive medical or other welfare
          benefits under another employer provided plan, any medical and other
          welfare benefits provided by the Company shall be secondary to those
          provided under such other plan during such applicable period of
          eligibility.

          Regardless of the method by which the Executive elects to receive
          Severance Pay, the Executive shall not be eligible after the Date of
          Termination for certain employee benefits, including:

               Additional grants under the Stock Option Plan
               Additional grants under the Incentive Bonus Plan The
               Salary Continuation Plan The Long-term Disability
               Plan Vacation Accruals Holiday Pay The Tuition Refund
               Plan

     (e)  ESTATE PRESERVATION PLAN -- For purposes of the Estate Preservation
          Plan, termination of an Executive's employment with the Company shall
          be considered to occur on the

                                                         E. DEGRAAN PAGE 9 OF 18

<PAGE>

          later of the Date of Termination or the last day on which the
          Executive receives Severance Pay as continuing payments, if
          applicable.

     (f)  OUTPLACEMENT SERVICES - The Company shall provide the Executive with
          customary outplacement services for a maximum period of one year.

     (g)  RELEASE OF ALL CLAIMS - The provision of all pay and benefits to the
          Executive under a Termination Settlement Agreement shall be contingent
          on the Executive's execution of a general release of claims against
          the Company and specified affiliates and plans, as well as certain
          related agents, parties, and entities.

     (h)  OTHER OBLIGATIONS -- The Termination Settlement Agreement shall also
          require the Executive to reaffirm the obligations set forth in Section
          8 herein.

     (b)  DEATH. If the Executive's employment is terminated by reason of the
Executive's death during the Employment Period, the Company shall have no
further obligations to the Executive's legal representatives under this
Agreement, except as follows:

     (1)  Within 30 days after the Date of Termination, the Company shall pay
the aggregate of the following amounts in a lump sum in cash to the Executive's
estate or beneficiary, as applicable:

     (a)  the Executive's Annual Base Salary through the Date of Termination to
          the extent not previously paid;

     (b)  any compensation previously deferred by the Executive under the
          Company's Supplemental Savings Plan, Incentive Bonus Plan and/or Stock
          Equivalent Unit Plan (together with any accrued interest or earnings
          thereon), to the extent not previously paid and in accordance with the
          terms of those plans; and

     (c)  any accrued vacation pay, to the extent not previously paid.

     (2)  To the extent not previously paid or provided, the Company shall
timely pay or provide any other amounts or benefits required to be paid or
provided or that the Executive or Executive's family, estate or beneficiary, as
applicable, is eligible to receive under any plan, program, policy or practice
or contract or agreement of the Company.

     (c)  DISABILITY. If the Executive's employment is terminated by reason of
the Executive's Disability during the Employment Period, the Company shall have
no further obligations to the Executive under this Agreement, except as follows:

     (1)  Within 30 days after the Date of Termination, the Company shall pay
the aggregate of the following amounts in a lump sum in cash to the Executive:

     (a)  the Executive's Annual Base Salary through the Date of Termination to
          the extent not previously paid;

                                                        E. DEGRAAN PAGE 10 OF 18

<PAGE>

     (b)  any compensation previously deferred by the Executive under the
          Company's Supplemental Savings Plan, Incentive Bonus Plan and/or Stock
          Equivalent Unit Plan (together with any accrued interest or earnings
          thereon), to the extent not previously paid and in accordance with the
          terms of those plans; and

     (c)  any accrued vacation pay, to the extent not previously paid.

     (2)  To the extent not previously paid or provided, the Company shall
timely pay or provide any other amounts or benefits required to be paid or
provided or that the Executive or Executive's family is eligible to receive
under any plan, program, policy or practice or contract or agreement of the
Company.

     (d)  CAUSE. If the Executive's employment is terminated for Cause during
the Employment Period, the Company shall have no further obligations to the
Executive under this Agreement, except as follows:

     (1)  Within 30 days after the Date of Termination, the Company shall pay
the aggregate of the following amounts in a lump sum in cash to the Executive:

     (a)  the Executive's Annual Base Salary through the Date of Termination to
the extent not previously paid;

     (b)  any compensation previously deferred by the Executive under the
Company's Supplemental Savings Plan, Incentive Bonus Plan and/or Stock
Equivalent Unit Plan (together with any accrued interest or earnings thereon),
to the extent not previously paid and in accordance with the terms of those
plans; and

     (c)  any accrued vacation pay, to the extent not previously paid.

     (2)  To the extent not previously paid or provided, the Company shall
timely pay or provide any other amounts or benefits required to be paid or
provided or that the Executive or Executive's family is eligible to receive
under any plan, program, policy or practice or contract or agreement of the
Company.

     An Executive whose employment is terminated for Cause shall also be subject
to forfeiture of stock options and other rights and remedies as set forth in
Section 8(d) herein.

     (e)  VOLUNTARY OTHER THAN FOR GOOD REASON. If the Executive voluntarily
terminates employment during the Employment Period, excluding a termination for
Good Reason or termination at the end of the Employment Period because of his
non-renewal of the agreement, the Company shall have no further obligations to
the Executive under this Agreement, except as follows:

     (1)  Within 30 days after the Date of Termination, the Company shall pay
the aggregate of the following amounts in a lump sum in cash to the Executive:

     (a)  the Executive's Annual Base Salary through the Date of Termination to
          the extent not previously paid;

                                                        E. DEGRAAN PAGE 11 OF 18

<PAGE>

     (b)  if elected by the Executive, any compensation previously deferred by
          the Executive under the Company's Supplemental Savings Plan, Incentive
          Bonus Plan and/or Stock Equivalent Unit Plan (together with any
          accrued interest or earnings thereon), to the extent not previously
          paid; and

     (c)  any accrued vacation pay, to the extent not previously paid.

     (2)  To the extent not previously paid or provided, the Company shall
timely pay or provide any other amounts or benefits required to be paid or
provided or that the Executive or Executive's family is eligible to receive
under any plan, program, policy or practice or contract or agreement of the
Company.

          SECTION 6. NON-EXCLUSIVITY OF CERTAIN RIGHTS

          Nothing in this Agreement shall prevent or limit the Executive's
continuing or future participation in any plan, program, policy or practice
provided by the Company and for which the Executive may qualify. Amounts that
are vested benefits or that the Executive is otherwise entitled to receive under
any plan, policy, practice or program of or any contract or agreement with the
Company at or subsequent to the Date of Termination shall be payable in
accordance with such plan, policy, practice or program or contract or agreement,
except as explicitly modified by this Agreement. Notwithstanding the foregoing,
other than the Change of Control Agreement, (a) this Agreement shall supersede
any other agreement between the parties with respect to the subject matter
hereof, and (b) if the Executive receives severance pay and benefits under
Section 5, the Executive shall not be entitled to receive severance pay or
benefits under any other plan, program, policy or arrangement of the Company
providing severance benefits.

          SECTION 7. FULL SETTLEMENT

          In no event shall the Executive be obligated to seek other employment
or, unless otherwise expressly provided herein, take any other action by way of
mitigation of the amounts payable to the Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not the
Executive obtains other employment, except as expressly provided in Section
5(a)(2) herein.

          SECTION 8. OBLIGATIONS OF THE EXECUTIVE

          (a)  RESIGNATIONS. As of Executive's Date of Termination, he shall
immediately resign as an officer and director of the Company and its Affiliated
Companies. The Executive agrees to execute any and all documentation of such
resignations upon request by the Company, but he shall be treated for all
purposes as having so resigned as of such Date of Termination, regardless of
when or whether he executed any such documentation.

          (b)  COMPANY PROPERTY. As of the Executive's Date of Termination, he
shall return all equipment, files, documents, credit cards, and any other
property of any sort belonging to the Company.

                                                        E. DEGRAAN PAGE 12 OF 18

<PAGE>

          (c)  ADDITIONAL RESTRICTIONS: NON-COMPETITION AND NON-SOLICITATION;
CONFIDENTIALITY; INVENTIONS; PROHIBITED STATEMENTS.

     (1)  During the Employment Period and for a period of two years after the
Date of Termination, the Executive shall not directly or indirectly:

          (i) as an employee, consultant, independent contractor, officer,
     director, individual proprietor, investor, partner, stockholder, agent,
     principal, joint venturer, or in any other capacity whatsoever (other than
     as the holder of not more than one percent of the combined voting power of
     the outstanding equity of a publicly held corporation or company), be
     employed, work, consult, advise, assist, or engage in any activity
     regarding any business, product, service or other matter which: (A) is
     substantially similar to or competes with any business, product, service or
     other matter regarding which the Executive worked for the Company, or any
     of its subsidiaries, during the three (3) years prior to the Date of
     Termination; or (B) concerns subject matters about which Executive gained
     proprietary information of the Company, or any of its subsidiaries, during
     the three (3) year period prior to the Executive's termination of
     employment;

          (ii) either alone or in association with others, solicit, divert or
     take away, or attempt to divert or to take away, the business or patronage
     of any of the clients, customers or accounts, or prospective clients,
     customers or accounts, of the Company which were contacted, solicited or
     served, directly or indirectly, by Executive while employed by the Company;
     or

          (iii) either alone or in association with others: (A) solicit or
     encourage any employee or independent contractor of the Company to
     terminate his/her relationship with the Company; or (B) recruit, hire or
     solicit for employment or for engagement as an independent contractor, any
     person who is or was employed by the Company at any time during the
     Executive's employment with the Company; provided, that this Paragraph
     (iii) shall not apply to such person whose employment with the Company has
     been terminated for a period of one year or longer.

     (2) After the Date of Termination as well as during the Employment Period,
the Executive shall not disclose or use at any time any secret or confidential
information or knowledge obtained or acquired by the Executive during, after, or
by reason of, employment with the Company or any of its subsidiaries, as
provided under applicable law and any and all agreements between the Executive
and the Company or any of its subsidiaries regarding Executive's employment with
the Company or the subsidiary.

     (3) After the Date of Termination as well as during the Employment Period,
to the extent permitted by law, the Executive shall not make, publish or state,
or cause to be made, published or stated, any defamatory or disparaging
statement, writing or communication pertaining to the character, reputation,
business practices, competence or conduct of the Company, its subsidiaries,
shareholders, directors, officers, employees, agents, representatives or
successors.

                                                        E. DEGRAAN PAGE 13 OF 18

<PAGE>

     (4) The geographic scope of the provisions of Section 8(c)(1) above shall
extend to anywhere the Company or any of its subsidiaries is doing business, has
done business or intends to do business.

     (5) If any restriction set forth in Section 8(c) above is found by any
court of competent jurisdiction to be unenforceable because it extends for too
long a period of time or over too great a range of activities or in too broad a
geographic area, it shall be interpreted to extend only over the maximum period
of time, range of activities or geographic area as to which it may be
enforceable.

     (6) The obligations contained in this Section 8 shall continue in effect
following termination of employment for any reason except that, in the event of
a Change of Control, the restrictions contained in Sections 8(c)(1)(i),
8(c)(1)(iii), and 8(c)(3) above shall cease and the Executive shall no longer be
bound by the obligations thereunder.

     (d) RIGHTS AND REMEDIES IN THE EVENT OF CERTAIN BREACHES

     If the Company reasonably determines that the Executive has materially
violated any of the Executive's obligations under Section 8(c) above, or if a
Executive is terminated for Cause, then, in addition to any other remedies at
law or in equity it may have, the Company shall have the following rights and
remedies:

     (1) The Company may immediately terminate all termination settlement pay
and benefits provided to the Executive under a Termination Settlement Agreement,
as described in Section 5(a)(2), if applicable, and shall have no further
obligation to provide such pay and benefits to the Executive hereunder.

     (2) The Company may cancel any and all options previously granted to the
Executive under The Gillette Company 1971 Stock Option Plan or any successor
thereto, including but not limited to grants that according to their terms are
vested, effective as of the date on which such violation began (the "Violation
Date"); and

     (3) The Company may demand the return of any gain realized by the Executive
as a result of the Executive's exercise of any option during the period
commencing one year prior to the Executive's termination of employment and
continuing through the Violation Date. Upon demand, the Executive shall pay to
the Company the amount of any gain realized or payment received as a result of
such exercises. At the option of the Company, such payment shall be made by
returning to the Company the number of shares of common stock of the Company
which the Executive received in connection with such exercise (with the Company
then refunding the option price paid by the Executive), or in cash in the amount
of the gain realized. If after such demand the Executive fails to return said
shares or amounts, the Company shall have the right to offset said amounts
against any amounts, including compensation, owed to the Executive by the
Company or to commence judicial proceedings against the Executive to recover
said shares or amounts.

                                                        E. DEGRAAN PAGE 14 OF 18

<PAGE>

     (4) The non-competition restrictions set forth in Section 8(c)(1) supersede
any non-competition restrictions of a lesser duration as set forth in any
agreement between a Executive and the Company or any subsidiary or predecessor
or any plan.

     (e) ACKNOWLEDGEMENT OF RIGHT TO TAKE OTHER ACTIONS. The Executive
acknowledges that legal remedies would be inadequate to remedy the irreparable
harm that would result to the Company from a breach of his obligations under
Section 8(c) above, and therefore agrees that injunctive relief would be
appropriate to avoid or remedy any such breach or potential breach, in addition
to the specific rights and remedies set forth in Section 8(d) above, to the
extent applicable.

          SECTION 9. DISPUTE RESOLUTION. Any dispute arising under, or relating
to, this Agreement, any other agreement between the Executive and the Company or
its Affiliates, the Executive's employment with the Company or the termination
thereof, shall be resolved expeditiously by binding arbitration by a single
arbitrator to be held in Boston, Massachusetts, in accordance with the laws of
the Commonwealth of Massachusetts and the then-current Commercial Arbitration
Rules of the American Arbitration Association (the "Arbitration Rules").

          Either the Executive or the Company may initiate binding arbitration
by written notice delivered to the other party. Within 14 days after the
initiation of arbitration, the parties shall seek to identify one mutually
acceptable impartial third party to serve as sole arbitrator. Any such
arbitrator shall: (a) be a partner (or comparable officer) in a law firm in
Boston, Massachusetts having more than 75 lawyers; (b) have been active for 20
or more years in the practice of corporate law or litigation; and (c) be active,
on substantially a full-time basis, in such practice at the time the dispute is
noticed. If the parties are unable or fail to agree upon the arbitrator within
14 days after the initiation of arbitration, the arbitrator shall be selected in
accordance with the Arbitration Rules.

          All information exchanged or presented to the arbitrator in the
proceedings, whether in oral, written or other form, and the results of the
proceedings, shall be confidential and except as required by law shall not be
disclosed to any person or entity without prior written permission from the
party who offered or presented the information. For any dispute resolved by
arbitration pursuant to this section, the arbitrator shall award attorneys' fees
and costs, and costs associated with the arbitration proceeding, to the party
determined by the arbitrator to be the prevailing party. Pending such award of
attorneys' fees and costs and arbitration costs, the parties shall divide
equally the administrative charges, arbitrator's fees and related expenses of
the arbitration, but each party shall pay its own legal fees incurred in
connection with such arbitration.

     The arbitrator shall issue a written decision, stating the reasons for the
decision, within 30 days of the termination of the arbitration proceedings. The
arbitrator shall not be empowered to modify any rights or obligations of either
the Executive or the Company under this Agreement or any other agreement between
the Executive and the Company or its Affiliates. The decision of the arbitrator
acting within the scope of his or her authority shall be final and binding upon
the

                                                        E. DEGRAAN PAGE 15 OF 18

<PAGE>

parties and may be entered, enforced and executed upon in any court having
jurisdiction over the party against whom enforcement of such award is sought.

     Nothing contained in this section shall limit the right of the Company, at
its sole option, to seek or obtain equitable or other relief or remedies from
any court of competent jurisdiction for the Executive's violation of Section
8(c) of this Agreement.

          SECTION 10. COOPERATION/INFORMATION REQUESTS

     After the Executive's Date of Termination, the Executive agrees to make
himself reasonably available to the Company to respond to requests by the
Company for information concerning matters involving facts or events relating to
the Company or its Affiliated Companies that may be in the Executive's
knowledge, and to assist the Company and its Affiliated Companies as reasonably
requested with respect to pending and future litigations, arbitrations, or other
dispute resolutions. The Company will reimburse the Executive for his reasonable
travel expenses and other costs incurred under this section.

          SECTION 11. SUCCESSORS

          (a)  This Agreement is personal to the Executive, and, without the
prior written consent of the Company, shall not be assignable by the Executive
other than by will or the laws of descent and distribution. This Agreement shall
inure to the benefit of and be enforceable by the Executive's legal
representatives.

          (b)  This Agreement shall inure to the benefit of and be binding upon
the Company and its successors and assigns.

          (c)  The Company will require any successor (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 assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. "Company" means the Company as hereinbefore defined and any
successor to its business and/or assets as aforesaid that assumes and agrees to
perform this Agreement by operation of law or otherwise.

          SECTION 12. INDEMNIFICATION

          The Company agrees that if the Executive is made a party, or is
threatened to be made a party, to any action, suit or proceeding, whether civil,
criminal, administrative or investigative (a "Proceeding"), by reason of the
fact that he is or was a director, officer or employee of the Company or is or
was serving at the request of the Company as a director, officer, member,
employee or agent of another corporation, limited liability corporation,
partnership, joint venture, trust or other enterprise, including service with
respect to employee benefit plans, the Executive shall be indemnified and held
harmless by the Company to the fullest extent legally permitted or authorized by
the Company's certificate of incorporation or bylaws or resolutions of the
Company's Board of Directors or, if greater, by the laws of the State

                                                        E. DEGRAAN PAGE 16 OF 18

<PAGE>

of Delaware, against all cost, expense, liability and loss (including, without
limitation, attorney's fees, judgments, fines, ERISA excise taxes or other
liabilities or penalties and amounts paid or to be paid in settlement)
reasonably incurred or suffered by the Executive in connection therewith, and
not otherwise received by him from another source, such as insurance, and such
indemnification shall continue as to the Executive even if he has ceased to be a
director, member, employee or agent of the Company or other entity and shall
inure to the benefit of the Executive's heirs and legal representatives.

          SECTION 13. MISCELLANEOUS

          (a) This Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Massachusetts, without reference to
principles of conflict of laws. The captions of this Agreement are not part of
the provisions hereof and shall have no force or effect. This Agreement may not
be amended or modified other than by a written agreement executed by the parties
hereto or their respective successors and legal representatives.

          (b) All notices and other communications hereunder shall be in writing
and shall be given by hand delivery to the other party or by registered or
certified mail, return receipt requested, postage prepaid, addressed as follows:

          if to the Executive:
               Edward F. DeGraan
               11 Olmsted Road
               Hingham, MA  02043

          if to the Company:
               The Gillette Company
               Prudential Tower Building
               Boston, Massachusetts 02199
               Attention:  General Counsel

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

          (c)  The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement.

          (d)  The Company may withhold from any amounts payable under this
Agreement such United States federal, state or local or foreign taxes as shall
be required to be withheld pursuant to any applicable law or regulation.

          (e)  The Executive's or the Company's failure to insist upon strict
compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason
pursuant to Section 4(d) hereof, shall not be deemed to be a waiver of such
provision or right or any other provision or right of this Agreement.

                                                        E. DEGRAAN PAGE 17 OF 18

<PAGE>

          (f)  Except with respect to the Change of Control Agreement, the
Executive and the Company acknowledge that this agreement supersedes any other
agreement or plan provisions concerning the subject matter hereof.

          (g)  This Agreement may be executed in several counterparts, each of
which shall be deemed an original and said counterparts shall constitute but one
and the same instrument.

          (h)  Except as expressly set forth in this Agreement, upon the
expiration of this Agreement, the respective rights and obligations of the
Company and the Executive shall survive such expiration to the extent necessary
to carry out the rights and obligations of the parties.

          IN WITNESS WHEREOF, the Executive has hereunto set the Executive's
hand and the Company has caused these presents to be executed in its name on its
behalf, all as of the day and year first above written.

                                       -----------------------------------------
                                       Edward F. DeGraan

                                       THE GILLETTE COMPANY

                                       By
                                          --------------------------------------
                                          Edward E. Guillet
                                          Senior Vice President, Human Resources

                                                        E. DEGRAAN PAGE 18 OF 18<PAGE>

                                                                   EXHIBIT 10(j)

                     CHANGE IN CONTROL EMPLOYMENT AGREEMENT

            AGREEMENT, dated as of the _____ day of ________________, ________
(this "Agreement"), by and between The Gillette Company, a Delaware corporation
(the "Company"), and ______________ (the "Executive").

            WHEREAS, the Company has determined that it is in its best interests
and that of its stockholders to assure that the Company will have the continued
dedication of the Executive, notwithstanding the possibility, threat or
occurrence of a Change of Control (as defined herein). The Company believes it
is imperative to diminish the inevitable distraction of the Executive by virtue
of the personal uncertainties and risks created by a pending or threatened
Change of Control and to encourage the Executive's full attention and dedication
to the current Company and in the event of any threatened or pending Change of
Control, and to provide the Executive with compensation and benefits
arrangements upon a Change of Control that ensure that the compensation and
benefits expectations of the Executive will be satisfied and that are
competitive with those of other corporations. Therefore, in order to accomplish
these objectives, the Company has entered into this Agreement.

            NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

            SECTION 1. CERTAIN DEFINITIONS. (a) "Effective Date" means the first
date during the Change of Control Period (as defined herein) on which a Change
of Control occurs. Notwithstanding anything in this Agreement to the contrary,
if a Change of Control occurs and if the Executive's employment with the Company
is terminated prior to the date on which the Change of Control occurs, and if it
is reasonably demonstrated by the Executive that such termination of employment
(1) was at the request of a third party that has taken steps reasonably
calculated to effect a Change of Control or (2) otherwise arose in connection
with or anticipation of a Change of Control, then "Effective Date" means the
date immediately prior to the date of such termination of employment.

            (b) "Change of Control Period" means the period commencing on the
date hereof and ending on the third anniversary of the date hereof; provided,
however, that, commencing on the date one year after the date hereof, and on
each annual anniversary of such date (such date and each annual anniversary
thereof, the "Renewal Date"), unless previously terminated, the Change of
Control Period shall be automatically extended so as to terminate three years
from such Renewal Date, unless, at least 60 days prior to the Renewal Date, the
Company shall give notice to the Executive that the Change of Control Period
shall not be so extended.

            (c) "Affiliated Company" means any company controlled by,
controlling or under common control with the Company.

            (d) "Change of Control" means:
<PAGE>
            (1) The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of
either (A) the then-outstanding shares of common stock of the Company (the
"Outstanding Company Common Stock") or (B) the combined voting power of the
then-outstanding voting securities of the Company entitled to vote generally in
the election of directors (the "Outstanding Company Voting Securities");
provided, however, that, for purposes of this Section 1(d)(1), the following
acquisitions shall not constitute a Change of Control: (i) any acquisition
directly from the Company, (ii) any acquisition by the Company, (iii) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any Affiliated Company or (iv) any acquisition by
any corporation pursuant to a transaction that complies with Sections
1(d)(3)(A), 1(d)(3)(B) and 1(d)(3)(C).

            (2) Individuals who, as of December 16, 1999, constituted the Board
(the "Incumbent Board") cease for any reason to constitute at least a majority
of the Board; provided, however, that any individual becoming a director
subsequent to December 16, 1999 whose election, or nomination for election by
the Company's stockholders, was approved by a vote of 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, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board.

            (3) Consummation of a reorganization, 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, (A) all or substantially all of the individuals and entities that
were the beneficial owners of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 60% of the
then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Business
Combination (including, without limitation, a corporation that, as a result of
such transaction, owns the Company or all or substantially all of the Company's
assets either directly or through one or more subsidiaries) in substantially the
same proportions as their ownership immediately prior to such Business
Combination of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities, as the case may be, (B) no Person (excluding any corporation
resulting from such Business Combination or any employee benefit plan (or
related trust) of the Company or such corporation resulting from such Business
Combination) beneficially owns, directly or indirectly, 20% or more of,
respectively, the then-outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the
then-outstanding voting securities of such corporation, except to the extent
that such ownership existed prior to the Business Combination, and (C) at least
a majority of the members of the board of directors of the corporation resulting
from such Business Combination were members of the Incumbent Board at the time
of the execution of the initial agreement or of the action of the Board
providing for such Business Combination; or

                                      -2-
<PAGE>
            (4) Approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company.

            (e) "Recent Annual Bonus Percentage" means the highest actual annual
bonus percentage awarded to the Executive under the Company's annual incentive
plans, or any comparable bonus under any predecessor or successor plan, for the
last three full fiscal years prior to the Effective Date (and equal to
sixty-five percent (65%) in the event that the Executive was not employed by the
Company for one full fiscal year prior to the Effective Date).

            (f) "Highest Annual Bonus Percentage" means the higher of (i) the
Executive's Recent Annual Bonus Percentage and (ii) sixty-five percent (65%).

            (g) "Highest Annual Bonus" means an amount equal to the product of
(i) the Executive's Annual Base Salary at the Date of Termination and (ii) the
Highest Annual Bonus Percentage.

            (h) "Bonus Payment Amount" means the amount actually paid to the
Executive pursuant to Section 13 of the Company's Incentive Bonus Plan or any
comparable provision of any successor annual bonus plan.

            SECTION 2. EMPLOYMENT PERIOD. The Company hereby agrees to continue
the Executive in its employ, and the Executive hereby agrees to remain in the
employ of the Company, subject to the terms and conditions of this Agreement,
for the period commencing on the Effective Date and ending on the second
anniversary of the Effective Date (the "Employment Period").

            SECTION 3. TERMS OF EMPLOYMENT. (a) POSITION AND DUTIES. (1) During
the Employment Period, (A) the Executive's position (including status, offices,
titles and reporting requirements), authority, duties and responsibilities shall
be at least commensurate in all material respects with the most significant of
those held, exercised and assigned at any time during the 120-day period
immediately preceding the Effective Date and (B) the Executive's services shall
be performed at the office or location where the Executive was employed
immediately preceding the Effective Date or at any other location less than 35
miles from such office.

            (2) During the Employment Period, and excluding any periods of
vacation and sick leave to which the Executive is entitled, the Executive agrees
to devote reasonable attention and time during normal business hours to the
business and affairs of the Company and, to the extent necessary to discharge
the responsibilities assigned to the Executive hereunder, to use the Executive's
reasonable best efforts to perform faithfully and efficiently such
responsibilities. During the Employment Period, it shall not be a violation of
this Agreement for the Executive to (A) serve on corporate, civic or charitable
boards or committees, (B) deliver lectures, fulfill speaking engagements or
teach at educational institutions and (C) manage personal investments, so long
as such activities do not significantly interfere with the performance of the
Executive's responsibilities as an employee of the Company in accordance with
this Agreement. It is expressly understood and agreed that, to the extent that
any such activities have been conducted by the Executive prior to the Effective
Date, the continued conduct of such activities (or the

                                      -3-
<PAGE>
conduct of activities similar in nature and scope thereto) subsequent to the
Effective Date shall not thereafter be deemed to interfere with the performance
of the Executive's responsibilities to the Company.

            (b) COMPENSATION. (1) BASE SALARY. During the Employment Period, the
Executive shall receive an annual base salary (the "Annual Base Salary"), which
Annual Base Salary shall be paid at a monthly rate at least equal to 12 times
the highest monthly base salary paid or payable, including any base salary that
has been earned but deferred, to the Executive by the Company and the Affiliated
Companies in respect of the 12-month period immediately preceding the month in
which the Effective Date occurs. During the Employment Period, the Annual Base
Salary shall be reviewed at least annually, beginning no more than 12 months
after the last salary increase awarded to the Executive prior to the Effective
Date. Any increase in the Annual Base Salary shall not serve to limit or reduce
any other obligation to the Executive under this Agreement. The Annual Base
Salary shall not be reduced after any such increase and the term "Annual Base
Salary" shall refer to the Annual Base Salary as so increased.

            (2) ANNUAL BONUS. In addition to the Annual Base Salary, the
Executive shall be awarded, for each fiscal year ending during the Employment
Period, an annual bonus (the "Annual Bonus") in cash, determined as a percentage
of Annual Base Salary which shall not be less than the Recent Annual Bonus
Percentage. Each such Annual Bonus shall be paid no later than the end of the
third month of the fiscal year next following the fiscal year for which the
Annual Bonus is awarded, unless the Executive shall elect to defer the receipt
of such Annual Bonus.

            (3) INCENTIVE, SAVINGS AND RETIREMENT PLANS. During the Employment
Period, the Executive shall be entitled to participate in all incentive, savings
and retirement plans, practices, policies, and programs applicable generally to
other peer executives of the Company and the Affiliated Companies, but in no
event shall such plans, practices, policies and programs provide the Executive
with incentive opportunities (measured with respect to both regular and special
incentive opportunities, to the extent, if any, that such distinction is
applicable), savings opportunities and retirement benefit opportunities, in each
case, less favorable, in the aggregate, than the most favorable of those
provided by the Company and the Affiliated Companies for the Executive under
such plans, practices, policies and programs as in effect at any time during the
120-day period immediately preceding the Effective Date or, if more favorable to
the Executive, those provided generally at any time after the Effective Date to
other peer executives of the Company and the Affiliated Companies.

            (4) WELFARE BENEFIT PLANS. During the Employment Period, the
Executive and/or the Executive's family, as the case may be, shall be eligible
for participation in and shall receive all benefits under the Company's
Executive Life Insurance Plan and Estate Preservation Plan, and any other
welfare benefit plans, practices, policies and programs provided by the Company
and the Affiliated Companies (including, without limitation, medical,
prescription, dental, disability, employee/spouse/dependent life insurance and
travel accident insurance plans and programs) to the extent applicable generally
to other peer executives of the Company and the Affiliated Companies, but in no
event shall such plans, practices, policies and programs provide the Executive
with benefits that are less favorable, in the aggregate, than the most favorable
of

                                      -4-
<PAGE>
such plans, practices, policies and programs in effect for the Executive at any
time during the 120-day period immediately preceding the Effective Date or, if
more favorable to the Executive, those provided generally at any time after the
Effective Date to other peer executives of the Company and the Affiliated
Companies.

            (5) EXPENSES. During the Employment Period, the Executive shall be
entitled to receive prompt reimbursement for all reasonable expenses incurred by
the Executive in accordance with the most favorable policies, practices and
procedures of the Company and the Affiliated Companies in effect for the
Executive at any time during the 120-day period immediately preceding the
Effective Date or, if more favorable to the Executive, as in effect generally at
any time thereafter with respect to other peer executives of the Company and the
Affiliated Companies.

            (6) FRINGE BENEFITS. During the Employment Period, the Executive
shall be entitled to fringe benefits, including, without limitation, tax and
financial planning services, parking benefits and fitness center membership, in
accordance with the most favorable plans, practices, programs and policies of
the Company and the Affiliated Companies in effect for the Executive at any time
during the 120-day period immediately preceding the Effective Date or, if more
favorable to the Executive, as in effect generally at any time thereafter with
respect to other peer executives of the Company and the Affiliated Companies.

            (7) OFFICE AND SUPPORT STAFF. During the Employment Period, the
Executive shall be entitled to an office or offices of a size and with
furnishings and other appointments, and to exclusive personal secretarial and
other assistance, at least equal to the most favorable of the foregoing provided
to the Executive by the Company and the Affiliated Companies at any time during
the 120-day period immediately preceding the Effective Date or, if more
favorable to the Executive, as provided generally at any time thereafter with
respect to other peer executives of the Company and the Affiliated Companies.

            (8) VACATION. During the Employment Period, the Executive shall be
entitled to paid vacation in accordance with the most favorable plans, policies,
programs and practices of the Company and the Affiliated Companies as in effect
for the Executive at any time during the 120-day period immediately preceding
the Effective Date or, if more favorable to the Executive, as in effect
generally at any time thereafter with respect to other peer executives of the
Company and the Affiliated Companies.

            (9) EFFECT OF TERMINATION. Notwithstanding anything in this
Agreement to the contrary, upon termination of employment for any reason, the
Employment Period shall cease and the Executive shall have no further right to
any of the payments or benefits described in Sections 2 and 3.

            SECTION 4. TERMINATION OF EMPLOYMENT. (a) DEATH OR DISABILITY. The
Executive's employment shall terminate automatically if the Executive dies
during the Employment Period. If the Company determines in good faith that the
Disability (as defined herein) of the Executive has occurred during the
Employment Period (pursuant to the definition of "Disability"), it may give to
the Executive written notice in accordance with Section 11(b) of

                                      -5-
<PAGE>
its intention to terminate the Executive's employment. In such event, the
Executive's employment with the Company shall terminate effective on the 30th
day after receipt of such notice by the Executive (the "Disability Effective
Date"), provided that, within the 30 days after such receipt, the Executive
shall not have returned to full-time performance of the Executive's duties.
"Disability" means the absence of the Executive from the Executive's duties with
the Company on a full-time basis for 180 consecutive business days as a result
of incapacity due to mental or physical illness that is determined to be total
and permanent by a physician selected by the Company or its insurers and
acceptable to the Executive or the Executive's legal representative.

            (b) CAUSE. The Company may terminate the Executive's employment
during the Employment Period for Cause. "Cause" means:

            (1) the willful and continued failure of the Executive to perform
      substantially the Executive's duties with the Company or any Affiliated
      Company (other than any such failure resulting from incapacity due to
      physical or mental illness), after a written demand for substantial
      performance is delivered to the Executive by the Board or the Chief
      Executive Officer of the Company that specifically identifies the manner
      in which the Board or the Chief Executive Officer of the Company believes
      that the Executive has not substantially performed the Executive's duties,
      or

            (2) the willful engaging by the Executive in illegal conduct or
      gross misconduct that is materially and demonstrably injurious to the
      Company.

For purposes of this Section 4(b), no act, or failure to act, on the part of the
Executive shall be considered "willful" unless it is done, or omitted to be
done, by the Executive in bad faith or without reasonable belief that the
Executive's action or omission was in the best interests of the Company. Any
act, or failure to act, based upon authority given pursuant to a resolution duly
adopted by the Board or upon the instructions of the Chief Executive Officer of
the Company or a senior officer of the Company or based upon the advice of
counsel for the Company shall be conclusively presumed to be done, or omitted to
be done, by the Executive in good faith and in the best interests of the
Company. The cessation of employment of the Executive shall not be deemed to be
for Cause unless and until there shall have been delivered to the Executive a
copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the entire membership of the Board at a meeting of the Board
called and held for such purpose (after reasonable notice is provided to the
Executive and the Executive is given an opportunity, together with counsel for
the Executive, to be heard before the Board), finding that, in the good faith
opinion of the Board, the Executive is guilty of the conduct described in
Section 4(b)(1) or 4(b)(2), and specifying the particulars thereof in detail.

            (c) GOOD REASON. The Executive's employment may be terminated by the
Executive for Good Reason. "Good Reason" means:

            (1) the assignment to the Executive of any duties inconsistent in
      any respect with the Executive's position (including status, offices,
      titles and reporting requirements), authority, duties or responsibilities
      as contemplated by Section 3(a), or any other action

                                      -6-
<PAGE>
      by the Company that results in a diminution in such position, authority,
      duties or responsibilities, excluding for this purpose an isolated,
      insubstantial and inadvertent action not taken in bad faith and that is
      remedied by the Company promptly after receipt of notice thereof given by
      the Executive;

            (2) any failure by the Company to comply with any of the provisions
      of Section 3(b), other than an isolated, insubstantial and inadvertent
      failure not occurring in bad faith and that is remedied by the Company
      promptly after receipt of notice thereof given by the Executive;

            (3) the Company's requiring the Executive to be based at any office
      or location other than as provided in Section 3(a)(1)(B) or the Company's
      requiring the Executive to travel on Company business to a substantially
      greater extent than required immediately prior to the Effective Date;

            (4) any purported termination by the Company of the Executive's
      employment otherwise than as expressly permitted by this Agreement; or

            (5) any failure by the Company to comply with and satisfy Section
      10(c).

            For purposes of this Section 4(c), any good faith determination of
Good Reason made by the Executive shall be conclusive. Anything in this
Agreement to the contrary notwithstanding, a termination by the Executive for
any reason during the 30-day period immediately following the first anniversary
of the Effective Date shall be deemed to be a termination for Good Reason for
all purposes of this Agreement.

            (d) NOTICE OF TERMINATION. Any termination by the Company for Cause,
or by the Executive for Good Reason, shall be communicated by Notice of
Termination to the other party hereto given in accordance with Section 11(b).
"Notice of Termination" means a written notice that (1) indicates the specific
termination provision in this Agreement relied upon, (2) to the extent
applicable, sets forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of the Executive's employment under the
provision so indicated, and (3) if the Date of Termination (as defined herein)
is other than the date of receipt of such notice, specifies the Date of
Termination (which Date of Termination shall be not more than 30 days after the
giving of such notice). The failure by the Executive or the Company to set forth
in the Notice of Termination any fact or circumstance that contributes to a
showing of Good Reason or Cause shall not waive any right of the Executive or
the Company, respectively, hereunder or preclude the Executive or the Company,
respectively, from asserting such fact or circumstance in enforcing the
Executive's or the Company's respective rights hereunder.

            (e) DATE OF TERMINATION. "Date of Termination" means (1) if the
Executive's employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified in the Notice of Termination, as the case may be, (2)
if the Executive's employment is terminated by the Company other than for Cause
or Disability, the Date of Termination shall be the date on which the Company
notifies the Executive of such termination, and (3) if the Executive's
employment

                                      -7-
<PAGE>
is terminated by reason of death or Disability, the Date of Termination shall be
the date of death of the Executive or the Disability Effective Date, as the case
may be.

            SECTION 5. OBLIGATIONS OF THE COMPANY UPON TERMINATION. (a) GOOD
REASON; OTHER THAN FOR CAUSE, DEATH OR DISABILITY. If, during the Employment
Period, the Company terminates the Executive's employment other than for Cause
or Disability or the Executive terminates employment for Good Reason:

            (1) the Company shall pay to the Executive, in a lump sum in cash
      within 30 days after the Date of Termination, the aggregate of the
      following amounts:

                  (A) the sum of (i) the Executive's Annual Base Salary through
            the Date of Termination to the extent not theretofore paid, (ii) the
            product of (x) the Highest Annual Bonus and (y) a fraction, the
            numerator of which is the number of days in the current fiscal year
            through the Date of Termination and the denominator of which is 365,
            reduced (but not below zero), if the Date of Termination occurs in
            the same fiscal year as the Change of Control, by the Executive's
            Bonus Payment Amount, (iii) if elected by the Executive, any
            compensation previously deferred by the Executive under the
            Company's Supplemental Savings Plan, Incentive Bonus Plan and/or
            Stock Equivalent Unit Plan (together with any accrued interest or
            earnings thereon), and (iv) any accrued vacation pay, in each case
            to the extent not theretofore paid (the sum of the amounts described
            in subclauses (i), (ii), (iii) and (iv), the "Accrued Obligations");
            and

                  (B) the amount equal to the product of (i) three and (ii) the
            sum of (x) the Executive's Annual Base Salary and (y) the
            Executive's Highest Annual Bonus; and

                  (C) if elected by the Executive within 60 days following
            execution of this Agreement and prior to the Effective Date, in lieu
            of and substitution for the applicable portion of the Executive's
            monthly benefit otherwise payable under the final paragraph of
            Article IV, Section 1 or paragraph (a) of Article V, Section 3 of
            the Company's Retirement Plan and the final paragraph of Section 3
            of Supplemental Retirement Plan (collectively, the "Retirement
            Plans"), an amount equal to the excess of (i) the lump sum actuarial
            equivalent (utilizing the interest rate and mortality table in
            effect for lump sum distributions under the Retirement Plan
            immediately prior to the Effective Date, and determined assuming
            benefit commencement as of the Date of Termination) of the benefit
            under the Retirement Plans that the Executive would receive if the
            Executive's employment continued for three years after the Date of
            Termination, assuming for this purpose that all accrued benefits are
            fully vested and assuming that the Executive's compensation in each
            of the three years is the Annual Base Salary and Highest Annual
            Bonus, over (ii) the lump sum actuarial equivalent (determined in
            the same manner as in clause (i) above) of the Executive's actual
            benefit (paid or payable), if any, under

                                      -8-
<PAGE>
            the Retirement Plans as of the Date of Termination without regard to
            such three years' compensation and service;

                  (2) for three years after the Executive's Date of Termination,
            or such longer period as may be provided by the terms of the
            appropriate plan, program, practice or policy, the Company shall
            continue welfare benefits to the Executive and/or the Executive's
            family at least equal to those that would have been provided to them
            in accordance with the plans, programs, practices and policies
            described in Section 3(b)(4) if the Executive's employment had not
            been terminated or, if more favorable to the Executive, as in effect
            generally at any time thereafter with respect to other peer
            executives of the Company and the Affiliated Companies and their
            families, provided, however, that, if the Executive becomes
            reemployed with another employer and is eligible to receive medical
            or other welfare benefits under another employer provided plan, the
            medical and other welfare benefits described herein shall be
            secondary to those provided under such other plan during such
            applicable period of eligibility. For purposes of determining the
            Executive's eligibility for retiree benefits pursuant to such
            welfare plans, practices, programs and policies, the Executive shall
            be considered to have remained employed until three years after the
            Date of Termination, provided, however, that the Executive's
            commencement of such retiree benefits shall not be any sooner than
            the Executive's earliest retirement date under the Retirement Plans;

                  (3) the Company shall, at its sole expense as incurred,
            provide the Executive with outplacement services the scope and
            provider of which shall be selected by the Executive in the
            Executive's sole discretion; and

                  (4) to the extent not theretofore paid or provided, the
            Company shall timely pay or provide to the Executive any other
            amounts or benefits required to be paid or provided or that the
            Executive is eligible to receive under any plan, program, policy or
            practice or contract or agreement of the Company and the Affiliated
            Companies (such other amounts and benefits, the "Other Benefits").

            (b) DEATH. If the Executive's employment is terminated by reason of
the Executive's death during the Employment Period, the Company shall have no
further obligations to the Executive's legal representatives under this
Agreement, except for payment of the Accrued Obligations and the timely payment
or provision of the Other Benefits. The Accrued Obligations shall be paid to the
Executive's estate or beneficiary, as applicable, in a lump sum in cash within
30 days of the Date of Termination. With respect to the provision of the Other
Benefits, the term "Other Benefits" as utilized in this Section 5(b) shall
include, without limitation, and the Executive's estate and/or beneficiaries
shall be entitled to receive, benefits at least equal to the most favorable
benefits provided by the Company and the Affiliated Companies to the estates and
beneficiaries of peer executives of the Company and the Affiliated Companies
under such plans, programs, practices and policies relating to death benefits,
if any, as in effect with respect to other peer executives and their
beneficiaries at any time during the 120-day period immediately preceding the
Effective Date or, if more favorable to the Executive's estate and/or the
Executive's beneficiaries, as in effect on the date of the Executive's death
with respect to other peer executives of the Company and the Affiliated
Companies and their beneficiaries.

                                      -9-
<PAGE>
            (c) DISABILITY. If the Executive's employment is terminated by
reason of the Executive's Disability during the Employment Period, the Company
shall have no further obligations to the Executive under this Agreement, except
for payment of the Accrued Obligations and the timely payment or provision of
the Other Benefits. The Accrued Obligations shall be paid to the Executive in a
lump sum in cash within 30 days of the Date of Termination. With respect to the
provision of the Other Benefits, the term "Other Benefits" as utilized in this
Section 5(c) shall include, and the Executive shall be entitled after the
Disability Effective Date to receive, disability and other benefits at least
equal to the most favorable of those generally provided by the Company and the
Affiliated Companies to disabled executives and/or their families in accordance
with such plans, programs, practices and policies relating to disability, if
any, as in effect generally with respect to other peer executives and their
families at any time during the 120-day period immediately preceding the
Effective Date or, if more favorable to the Executive and/or the Executive's
family, as in effect at any time thereafter generally with respect to other peer
executives of the Company and the Affiliated Companies and their families.

            (d) CAUSE; OTHER THAN FOR GOOD REASON. If the Executive's employment
is terminated for Cause during the Employment Period, the Company shall have no
further obligations to the Executive under this Agreement, except for payment to
the Executive of (1) the Executive's Annual Base Salary through the Date of
Termination, (2) the amount of any compensation previously deferred by the
Executive, and (3) the Other Benefits, in each case, to the extent theretofore
unpaid. If the Executive voluntarily terminates employment during the Employment
Period, excluding a termination for Good Reason, the Company shall have no
further obligations to the Executive under this Agreement, except for payment of
the Accrued Obligations and the timely payment or provision of the Other
Benefits. In such case, all the Accrued Obligations shall be paid to the
Executive in a lump sum in cash within 30 days of the Date of Termination.

            SECTION 6. NON-EXCLUSIVITY OF RIGHTS. Nothing in this Agreement
shall prevent or limit the Executive's continuing or future participation in any
plan, program, policy or practice provided by the Company or the Affiliated
Companies and for which the Executive may qualify, nor, subject to Section
11(f), shall anything herein limit or otherwise affect such rights as the
Executive may have under any other contract or agreement with the Company or the
Affiliated Companies. Amounts that are vested benefits or that the Executive is
otherwise entitled to receive under any plan, policy, practice or program of or
any contract or agreement with the Company or the Affiliated Companies at or
subsequent to the Date of Termination shall be payable in accordance with such
plan, policy, practice or program or contract or agreement, except as explicitly
modified by this Agreement.

            SECTION 7. FULL SETTLEMENT. The Company's obligation to make the
payments 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 may have against the
Executive or others. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement, and such amounts
shall not be reduced whether or not the Executive obtains other employment. The
Company agrees to pay as incurred, to the full extent permitted by law, all
legal fees and expenses that the Executive may

                                      -10-
<PAGE>
reasonably incur as a result of any contest (regardless of the outcome thereof)
by the Company, the Executive or others of the validity or enforceability of, or
liability under, any provision of this Agreement or any guarantee of performance
thereof (including as a result of any contest by the Executive about the amount
of any payment pursuant to this Agreement), plus, in each case, interest on any
delayed payment at the applicable federal rate provided for in Section
7872(f)(2)(A) of the Internal Revenue Code of 1986, as amended (the "Code").

            SECTION 8. CERTAIN ADDITIONAL PAYMENTS BY THE COMPANY.

            (a) Anything in this Agreement to the contrary notwithstanding, in
the event it shall be determined that any payment or distribution by the Company
or the Affiliated Companies to or for the benefit of the Executive (whether paid
or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise but determined without regard to any additional payments
required under this Section 8) (the "Payment") would be subject to the excise
tax imposed by Section 4999 of the Code, or any interest or penalties are
incurred by the Executive with respect to such excise tax (such excise tax,
together with any such interest and penalties, collectively, the "Excise Tax"),
then the Executive shall be entitled to receive an additional payment (the
"Gross-Up Payment") in an amount such that after payment by the Executive of all
taxes (including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties
imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment,
the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax
imposed upon the Payments.

            (b) Subject to the provisions of Section 8(c), all determinations
required to be made under this Section 8, including whether and when a Gross-Up
Payment is required and the amount of such Gross-Up Payment and the assumptions
to be utilized in arriving at such determination, shall be made by KPMG Peat
Marwick or such other certified public accounting firm as may be designated by
the Executive (the "Accounting Firm") that shall provide detailed supporting
calculations both to the Company and the Executive within 15 business days of
the receipt of notice from the Executive that there has been a Payment or such
earlier time as is requested by the Company. In the event that the Accounting
Firm is serving as accountant or auditor for the individual, entity or group
effecting the Change of Control, the Executive shall appoint another nationally
recognized accounting firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All
fees and expenses of the Accounting Firm shall be borne solely by the Company.
Any Gross-Up Payment, as determined pursuant to this Section 8, shall be paid by
the Company to the Executive within five days of the receipt of the Accounting
Firm's determination. Any determination by the Accounting Firm shall be binding
upon the Company and the Executive. As a result of the uncertainty in the
application of Section 4999 of the Code at the time of the initial determination
by the Accounting Firm hereunder, it is possible that Gross-Up Payments that
will not have been made by the Company should have been made (the
"Underpayment"), consistent with the calculations required to be made hereunder.
In the event the Company exhausts its remedies pursuant to Section 8(c) and the
Executive thereafter is required to make a payment of any Excise Tax, the
Accounting Firm shall determine the amount of the Underpayment that has occurred
and any such Underpayment shall be promptly paid by the Company to or for the
benefit of the Executive.

                                      -11-
<PAGE>
            (c) The Executive shall notify the Company in writing of any claim
by the Internal Revenue Service that, if successful, would require the payment
by the Company of the Gross-Up Payment. Such notification shall be given as soon
as practicable but no later than 10 business days after the Executive is
informed in writing of such claim and shall apprise the Company of the nature of
such claim and the date on which such claim is requested to be paid. The
Executive shall not pay such claim prior to the expiration of the 30-day period
following the date on which the Executive gives such notice to the Company (or
such shorter period ending on the date that any payment of taxes with respect to
such claim is due). If the Company notifies the Executive in writing prior to
the expiration of such period that the Company desires to contest such claim,
the Executive shall:

            (1) give the Company any information reasonably requested by the
      Company relating to such claim,

            (2) take such action in connection with contesting such claim as the
      Company shall reasonably request in writing from time to time, including,
      without limitation, accepting legal representation with respect to such
      claim by an attorney reasonably selected by the Company,

            (3) cooperate with the Company in good faith in order effectively to
      contest such claim, and

            (4) permit the Company to participate in any proceedings relating to
      such claim;

provided, however, that the Company shall bear and pay directly all costs and
expenses (including additional interest and penalties) incurred in connection
with such contest, and shall indemnify and hold the Executive harmless, on an
after-tax basis, for any Excise Tax or income tax (including interest and
penalties with respect thereto) imposed as a result of such representation and
payment of costs and expenses. Without limitation on the foregoing provisions of
this Section 8(c), the Company shall control all proceedings taken in connection
with such contest, and, at its sole option, may pursue or forgo any and all
administrative appeals, proceedings, hearings and conferences with the
applicable taxing authority in respect of such claim and may, at its sole
option, either direct the Executive to pay the tax claimed and sue for a refund
or contest the claim in any permissible manner, and the Executive agrees to
prosecute such contest to a determination before any administrative tribunal, in
a court of initial jurisdiction and in one or more appellate courts, as the
Company shall determine; provided, however, that, if the Company directs the
Executive to pay such claim and sue for a refund, the Company shall advance the
amount of such payment to the Executive, on an interest-free basis, and shall
indemnify and hold the Executive harmless, on an after-tax basis, from any
Excise Tax or income tax (including interest or penalties with respect thereto)
imposed with respect to such advance or with respect to any imputed income with
respect to such advance; and provided, further, that any extension of the
statute of limitations relating to payment of taxes for the taxable year of the
Executive with respect to which such contested amount is claimed to be due is
limited solely to such contested amount. Furthermore, the Company's control of
the contest shall be limited to issues with respect to which the Gross-Up
Payment would be payable hereunder, and the

                                      -12-
<PAGE>
Executive shall be entitled to settle or contest, as the case may be, any other
issue raised by the Internal Revenue Service or any other taxing authority.

            (d) If, after the receipt by the Executive of an amount advanced by
the Company pursuant to Section 8(c), the Executive becomes entitled to receive
any refund with respect to such claim, the Executive shall (subject to the
Company's complying with the requirements of Section 8(c)) promptly pay to the
Company the amount of such refund (together with any interest paid or credited
thereon after taxes applicable thereto). If, after the receipt by the Executive
of an amount advanced by the Company pursuant to Section 8(c), a determination
is made that the Executive shall not be entitled to any refund with respect to
such claim and the Company does not notify the Executive in writing of its
intent to contest such denial of refund prior to the expiration of 30 days after
such determination, then such advance shall be forgiven and shall not be
required to be repaid and the amount of such advance shall offset, to the extent
thereof, the amount of Gross-Up Payment required to be paid.

            SECTION 9. CONFIDENTIAL INFORMATION. The Executive shall hold in a
fiduciary capacity for the benefit of the Company all secret or confidential
information, knowledge or data relating to the Company or the Affiliated
Companies, and their respective businesses, which information, knowledge or data
shall have been obtained by the Executive during the Executive's employment by
the Company or the Affiliated Companies and which information, knowledge or data
shall not be or become public knowledge (other than by acts by the Executive or
representatives of the Executive in violation of this Agreement). After
termination of the Executive's employment with the Company, the Executive shall
not, without the prior written consent of the Company or as may otherwise be
required by law or legal process, communicate or divulge any such information,
knowledge or data to anyone other than the Company and those persons designated
by the Company. In no event shall an asserted violation of the provisions of
this Section 9 constitute a basis for deferring or withholding any amounts
otherwise payable to the Executive under this Agreement.

            SECTION 10. SUCCESSORS. (a) This Agreement is personal to the
Executive, and, without the prior written consent of the Company, shall not be
assignable by the Executive other than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by
the Executive's legal representatives.

            (b) This Agreement shall inure to the benefit of and be binding upon
the Company and its successors and assigns.

            (c) The Company will require any successor (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 assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. "Company" means the Company as hereinbefore defined and any
successor to its business and/or assets as aforesaid that assumes and agrees to
perform this Agreement by operation of law or otherwise.

                                      -13-
<PAGE>
            SECTION 11. MISCELLANEOUS. (a) This Agreement shall be governed by
and construed in accordance with the laws of the State of Delaware, without
reference to principles of conflict of laws. The captions of this Agreement are
not part of the provisions hereof and shall have no force or effect. This
Agreement may not be amended or modified other than by a written agreement
executed by the parties hereto or their respective successors and legal
representatives.

            (b) All notices and other communications hereunder shall be in
writing and shall be given by hand delivery to the other party or by registered
or certified mail, return receipt requested, postage prepaid, addressed as
follows:

            if to the Executive:

            if to the Company:

                   The Gillette Company
                   Prudential Tower Building
                   Boston, Massachusetts 02199
                   Attention:  General Counsel

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

            (c) The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement.

            (d) The Company may withhold from any amounts payable under this
Agreement such United States federal, state or local or foreign taxes as shall
be required to be withheld pursuant to any applicable law or regulation.

            (e) The Executive's or the Company's failure to insist upon strict
compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason
pursuant to Sections 4(c)(1) through 4(c)(5), shall not be deemed to be a waiver
of such provision or right or any other provision or right of this Agreement.

            (f) The Executive and the Company acknowledge that, except as may
otherwise be provided under any other written agreement between the Executive
and the Company, the employment of the Executive by the Company is "at will"
and, subject to Section 1(a), prior to the Effective Date, the Executive's
employment may be terminated by either the Executive or the Company at any time
prior to the Effective Date, in which case the Executive shall have no further
rights under this Agreement. From and after the Effective Date: (i) this
Agreement shall supersede any other agreement between the parties with respect
to the subject matter hereof, and (ii) if the Executive receives severance
benefits under Section 5(a), the

                                      -14-
<PAGE>
Executive shall not be entitled to receive severance pay or benefits under any
other plan, program, policy or arrangement of the Company providing severance
benefits.

            IN WITNESS WHEREOF, the Executive has hereunto set the Executive's
hand and, pursuant to the authorization from the Board, the Company has caused
these presents to be executed in its name on its behalf, all as of the day and
year first above written.

                                       -----------------------------------------

                                       THE GILLETTE COMPANY

                                       By
                                         ---------------------------------------
                                         Edward E. Guillet
                                         Senior Vice President - Human Resources

                                      -15-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]