Document:

INDEMNIFICATION AGREEMENT
                            -------------------------

     INDEMNIFICATION  AGREEMENT  (the  "Agreement")  made  this  ______  day  of
______________,  20__,  between ENERGIZER HOLDINGS, INC., a Missouri corporation
(the  "Company")  and  _____________  ("Officer").

     WHEREAS,  Officer  is  a  Corporate  Officer  of  the  Company, and in such
capacity  is  performing  a  valuable  service  for  Company;  and

     WHEREAS,  the  Company's  Articles of Incorporation (the "Articles") permit
the  indemnification of directors, officers, employees and certain agents of the
Company,  and  indemnification  is  also  authorized  by  Section 351.355 of the
Missouri  Revised  Statutes  1978,  as  amended  to  date  (the "Indemnification
Statute");  and

     WHEREAS,  the  Articles  and  the  Indemnification  Statute  permit  full
indemnification  of officers absent knowingly fraudulent, deliberately dishonest
or  willful  misconduct;  and

     WHEREAS,  in  order  to  induce Officer to continue to serve as a Corporate
Officer  of  the  Company,  Company has determined and agreed to enter into this
contract  with  Officer;

     NOW  THEREFORE,  in  consideration  of  Officer's  continued  service  as a
Corporate  Officer  after  the  date  hereof,  the  Company and Officer agree as
follows:

     1.     Indemnity  of  Officer.  Company  hereby agrees to hold harmless and
            ----------------------
indemnify  Officer  to the full extent authorized or permitted by the provisions
of  the  Indemnification  Statute,  or by any amendment thereof, or by any other
statutory  provision  authorizing  or  permitting  such indemnification which is
adopted  after  the  date  hereof.

     2.     Additional Indemnity. Subject to the exclusions set forth in Section
            --------------------
3  hereof, Company further agrees to hold harmless and indemnify Officer against
any  and  all expenses (including attorneys' fees), judgments, fines and amounts
paid  in  settlement,  actually and reasonably incurred by Officer in connection
with  any  threatened,  pending  or completed action, claim, suit or proceeding,
whether civil, criminal, administrative or investigative (including an action by
or  in the right of the Company) to which Officer is, was or at any time becomes
a party, or is threatened to be made a party, by reason of the fact that Officer
is,  was  or  at  any  time (whether before or after the date of this Agreement)
becomes  a  director,  officer,  employee  or agent of the Company, or is or was
serving  or  at  any  time  serves  at the request of the Company as a director,
officer,  employee  or agent of another corporation, partnership, joint venture,
trust  or  other  enterprise.

<PAGE>
3.     Limitations  on  Additional  Indemnity.No indemnity pursuant to Section 2
       ---------------------------------------
hereof  shall  be  paid  by  Company:

     (a)     Except  to  the  extent  the  aggregate of losses to be indemnified
thereunder  exceeds  the  amount  of  such  losses  for  which  the  Officer  is
indemnified  pursuant  to Section 1 hereof or pursuant to any insurance policies
or  other  comparable  policies  purchased  and  maintained  by  the  Company;

     (b)     In  respect  to remuneration paid to Officer if it shall be finally
judicially  adjudged  that  such  remuneration  was  in  violation  of  law;

     (c)     On  account  of  any  suit  in which a judgment is rendered against
Officer  for  an accounting of profits made from the purchase or sale by Officer
of  securities of the Company pursuant to the provisions of Section 16(b) of the
Securities  Exchange  Act of 1934, as amended or similar provisions of any state
or  local  statutory  law;

     (d)     On  account  of  Officer's  conduct  which  is  finally  judicially
adjudged  to  have  been knowingly fraudulent, deliberately dishonest or willful
misconduct;

     (e)     If  it  shall  be  finally  judicially  adjudged  that  such
indemnification  is  not  lawful.

Reference  in  this  Agreement  to  a matter being "finally judicially adjudged"
shall  mean  that  there  shall  have  been  a  final decision by a court having
jurisdiction  in  the  matter,  all  appeals having been denied or not have been
taken  and  the  time  therefore  to  have  expired.

     4.     Continuation  of  Indemnity.  All  agreements  and  obligations  of
            ---------------------------
Company contained herein shall continue during the period Officer is a Corporate
Officer  of  Company  and  shall continue thereafter so long as Officer shall be
subject  to  any  possible  or threatened, pending or completed action or claim,
suit or proceeding, whether civil, criminal, administrative or investigative, by
reason  of  the  fact that Officer was a Corporate Officer of the Company or was
serving  in  any  other  capacity  referred  to  herein.

     5.     Notification  and  Defense  of  Claim.  Promptly  after  receipt  by
            -------------------------------------
Officer  of  notice of the commencement of any action, claim, suit or proceeding
against [him] by reason of [his] status as a Corporate Officer of the Company or
any  other  capacity  referenced  herein,  Officer  will  notify  Company of the
commencement  thereof; provided, however, that the omission to so notify Company
will  not  relieve Company from any liability which it may have to Officer under
this  Agreement unless and only to the extent that Company's rights are actually
prejudiced  by  such  failure.  With  respect to any such action, claim, suit or
proceeding  as  to  which  Officer notifies Company of the commencement thereof:

     (a)     Company will be entitled to participate therein at its own expense;
and,

     (b)     Except as otherwise provided below, to the extent that it may wish,
Company  jointly  with  any  other  party will be entitled to assume the defense
thereof,  with  counsel  satisfactory  to  Officer. After notice from Company to
Officer  of  its  election to so assume the defense thereof, Company will not be
liable  to  Officer  under  this  Agreement  for  any  legal  or  other expenses
subsequently  incurred  by Officer in connection with the defense thereof unless
Officer shall have reasonably concluded that there may be a conflict of interest
between  Company  and  Officer  in the conduct of the defense of such action, in
which  case,  Company shall not be entitled to assume the defense of any action,
claim,  suit  or  proceeding  brought  by  or  on  behalf  of  Company;

     (c)     Company  shall  not  be  liable  to  indemnify  Officer  under this
Agreement  for  any  amounts  paid in settlement of any action or claim effected
without its written consent. Company shall not settle any action or claim in any
manner which would impose any penalty or limitation on Officer without Officer's
written  consent.  Neither  Company nor Officer will unreasonably withhold their
consent  to  any  proposed  settlement.

     6.     Advancement  and  Repayment  of  Expenses.
            -----------------------------------------

     (a)     To  the  extent that the Company assumes the defense of any action,
claim,  suit  or  proceeding  against  Officer,  Officer  agrees  that [he] will
reimburse  Company  for all reasonable expenses paid by Company in defending any
such  action, claim, suit or proceeding against Officer in the event and only to
the  extent  that  it  shall  be finally judicially adjudged that Officer is not
entitled  to be indemnified by Company for such expenses under the provisions of
the  Indemnification  Statute,  the  Articles,  this  Agreement  or  otherwise.

     (b)     To  the  extent that the Company does not assume the defense of any
action,  claim,  suit  or  proceeding  against Officer, Company shall advance to
Officer  all  reasonable  expenses,  including  all  reasonable attorneys' fees,
retainers,  court costs, transcript costs, fees of experts, witness fees, travel
expenses,  duplicating  costs,  printing  and  binding costs, telephone charges,
postage,  delivery  service fees, and all other disbursements or expenses of the
types  customarily incurred in connection with defending, preparing to defend or
investigating  any  civil  or criminal action, suit or proceeding, within twenty
days  after  the  receipt  by  Company of a statement or statements from Officer
requesting such advance or advances, whether prior to or after final disposition
of  such  action,  suit  or  proceeding.  Such  statement  or  statements  shall
reasonably  evidence  the  expenses  incurred by Officer and shall include or be
preceded  or  accompanied  by an undertaking by or on behalf of Officer to repay
all  of  such  expenses advanced if it shall be finally judicially adjudged that
Officer  is  not  entitled to be indemnified against such expenses. Any advances
and  undertakings  to  repay  pursuant  to this paragraph shall be unsecured and
interest  free.

<PAGE>
7.     Enforcement.
       -----------

     (a)     Company expressly confirms and agrees that it has entered into this
Agreement  and  assumed  the  obligations  imposed on Company hereby in order to
induce  Officer  to  continue  to  serve  as a Corporate Officer of Company, and
acknowledges  that  Officer is relying upon this Agreement in continuing in such
capacity.

     (b)     In  the  event  Officer  is required to bring any action to enforce
rights  or  to collect moneys due under this Agreement and is successful in such
action, Company shall reimburse Officer for all of Officer's reasonable fees and
expenses  in  bringing  and  pursuing  such  action.

     8.     Separability.  Each  of  the  provisions  of  this  Agreement  is  a
            ------------
separate  and  distinct  agreement and independent of the others, so that if any
provision  hereof  shall  be held to be invalid or unenforceable for any reason,
such  invalidity  or  unenforceability  shall  not  affect  the  validity  or
enforceability  of  the  other  provisions  hereof.

     9.     Governing  Law;  Binding  Effect;  Amendment  and  Termination.
            --------------------------------------------------------------

     (a)     This Agreement shall be interpreted and enforced in accordance with
the  laws  of  the  State  of  Missouri.

     (b)     This  Agreement shall be binding upon Officer and upon Company, its
successors  and  assigns,  and shall inure to the benefit of Officer, his or her
heirs,  personal representatives and assigns, and to the benefit of Company, its
successors  and  assigns.

     (c)     No  amendment,  modification,  termination  or cancellation of this
Agreement  shall  be  effective unless signed in writing by both parties hereto.

     IN  WITNESS WHEREOF, the parties hereto have executed this Agreement on and
as  of  the  day  and  year  first  above  written.

                              ENERGIZER  HOLDINGS,  INC.

                              By:_____________________________

                              OFFICER

                              By:_____________________________

<PAGE>
                            INDEMNIFICATION AGREEMENT
                            -------------------------

     INDEMNIFICATION  AGREEMENT  (the  "Agreement")  made  this  ______  day  of
______________,  20__,  between ENERGIZER HOLDINGS, INC., a Missouri corporation
(the  "Company")  and  ___________  ("Director").

     WHEREAS, Director is a member of the Board of Directors of the Company, and
in  such  capacity  is  performing  a  valuable  service  for  Company;  and

     WHEREAS,  the  Company's  Articles of Incorporation (the "Articles") permit
the  indemnification of directors, officers, employees and certain agents of the
Company,  and  indemnification  is  also  authorized  by  Section 351.355 of the
Missouri  Revised  Statutes  1978,  as  amended  to  date  (the "Indemnification
Statute");  and

     WHEREAS,  the  Articles  and  the  Indemnification  Statute  permit  full
indemnification  of officers absent knowingly fraudulent, deliberately dishonest
or  willful  misconduct;  and

     WHEREAS,  in  order  to induce Director to continue to serve as a member of
the  Board  of  Directors  of  the Company, Company has determined and agreed to
enter  into  this  contract  with  Director;

     NOW THEREFORE, in consideration of Director's continued service as a member
of  the Board of Directors after the date hereof, the Company and Director agree
as  follows:

     1.     Indemnity  of  Director.  Company hereby agrees to hold harmless and
            -----------------------
indemnify  Director to the full extent authorized or permitted by the provisions
of  the  Indemnification  Statute,  or by any amendment thereof, or by any other
statutory  provision  authorizing  or  permitting  such indemnification which is
adopted  after  the  date  hereof.

     2.     Additional Indemnity. Subject to the exclusions set forth in Section
            --------------------
3 hereof, Company further agrees to hold harmless and indemnify Director against
any  and  all expenses (including attorneys' fees), judgments, fines and amounts
paid  in  settlement, actually and reasonably incurred by Director in connection
with  any  threatened,  pending  or completed action, claim, suit or proceeding,
whether civil, criminal, administrative or investigative (including an action by
or in the right of the Company) to which Director is, was or at any time becomes
a  party,  or  is  threatened  to  be  made  a party, by reason of the fact that
Director  is,  was  or  at  any  time  (whether before or after the date of this
Agreement)  becomes a director, officer, employee or agent of the Company, or is
or  was  serving  or  at  any  time  serves  at  the request of the Company as a
director,  officer, employee or agent of another corporation, partnership, joint
venture,  trust  or  other  enterprise.

<PAGE>
3.     Limitations  on  Additional  Indemnity.No indemnity pursuant to Section 2
       ---------------------------------------
hereof  shall  be  paid  by  Company:

     (a)     Except  to  the  extent  the  aggregate of losses to be indemnified
thereunder  exceeds  the  amount  of  such  losses  for  which  the  Director is
indemnified  pursuant  to Section 1 hereof or pursuant to any insurance policies
or  other  comparable  policies  purchased  and  maintained  by  the  Company;

     (b)     In  respect to remuneration paid to Director if it shall be finally
judicially  adjudged  that  such  remuneration  was  in  violation  of  law;

     (c)     On  account  of  any  suit  in which a judgment is rendered against
Officer  for an accounting of profits made from the purchase or sale by Director
of  securities of the Company pursuant to the provisions of Section 16(b) of the
Securities  Exchange  Act of 1934, as amended or similar provisions of any state
or  local  statutory  law;

     (d)     On  account  of  Director's  conduct  which  is  finally judicially
adjudged  to  have  been knowingly fraudulent, deliberately dishonest or willful
misconduct;

     (e)     If  it  shall  be  finally  judicially  adjudged  that  such
indemnification  is  not  lawful.

Reference  in  this  Agreement  to  a matter being "finally judicially adjudged"
shall  mean  that  there  shall  have  been  a  final decision by a court having
jurisdiction  in  the  matter,  all  appeals having been denied or not have been
taken  and  the  time  therefore  to  have  expired.

     4.     Continuation  of  Indemnity.  All  agreements  and  obligations  of
            ---------------------------
Company  contained  herein shall continue during the period Director is a member
of  the  Board  of Directors of Company and shall continue thereafter so long as
Director  shall  be  subject to any possible or threatened, pending or completed
action  or claim, suit or proceeding, whether civil, criminal, administrative or
investigative,  by reason of the fact that Director was a member of the Board of
Directors  of  the  Company  or  was  serving  in any other capacity referred to
herein.

     5.     Notification  and  Defense  of  Claim.  Promptly  after  receipt  by
            -------------------------------------
Director  of notice of the commencement of any action, claim, suit or proceeding
against  [him]  by  reason  of  [his] status as a Director of the Company or any
other  capacity  referenced  herein,  Director  will  notify  Company  of  the
commencement  thereof; provided, however, that the omission to so notify Company
will  not relieve Company from any liability which it may have to Director under
this  Agreement unless and only to the extent that Company's rights are actually
prejudiced  by  such  failure.  With  respect to any such action, claim, suit or
proceeding  as  to  which Director notifies Company of the commencement thereof:

     (a)     Company will be entitled to participate therein at its own expense;
and,

     (b)     Except as otherwise provided below, to the extent that it may wish,
Company  jointly  with  any  other  party will be entitled to assume the defense
thereof,  with  counsel  satisfactory to Director . After notice from Company to
Director  of  its election to so assume the defense thereof, Company will not be
liable  to  Director  under  this  Agreement  for  any  legal  or other expenses
subsequently  incurred by Director in connection with the defense thereof unless
Director  shall  have  reasonably  concluded  that  there  may  be a conflict of
interest  between  Company  and  Director  in the conduct of the defense of such
action,  in  which  case, Company shall not be entitled to assume the defense of
any  action,  claim,  suit  or  proceeding  brought  by or on behalf of Company;

     (c)     Company  shall  not  be  liable  to  indemnify  Director under this
Agreement  for  any  amounts  paid in settlement of any action or claim effected
without its written consent. Company shall not settle any action or claim in any
manner  which  would  impose  any  penalty  or  limitation  on  Director without
Director's  written  consent.  Neither  Company  nor  Director will unreasonably
withhold  their  consent  to  any  proposed  settlement.

     6.     Advancement  and  Repayment  of  Expenses.
            -----------------------------------------

     (a)     To  the  extent that the Company assumes the defense of any action,
claim,  suit  or  proceeding  against  Director,  Director agrees that [he] will
reimburse  Company  for all reasonable expenses paid by Company in defending any
such action, claim, suit or proceeding against Director in the event and only to
the  extent  that  it  shall be finally judicially adjudged that Director is not
entitled  to be indemnified by Company for such expenses under the provisions of
the  Indemnification  Statute,  the  Articles,  this  Agreement  or  otherwise.

     (b)     To  the  extent that the Company does not assume the defense of any
action,  claim,  suit  or proceeding against Director , Company shall advance to
Director  all  reasonable  expenses,  including  all reasonable attorneys' fees,
retainers,  court costs, transcript costs, fees of experts, witness fees, travel
expenses,  duplicating  costs,  printing  and  binding costs, telephone charges,
postage,  delivery  service fees, and all other disbursements or expenses of the
types  customarily incurred in connection with defending, preparing to defend or
investigating  any  civil  or criminal action, suit or proceeding, within twenty
days  after  the  receipt  by Company of a statement or statements from Director
requesting such advance or advances, whether prior to or after final disposition
of  such  action,  suit  or  proceeding.  Such  statement  or  statements  shall
reasonably  evidence  the  expenses incurred by Director and shall include or be
preceded  or  accompanied by an undertaking by or on behalf of Director to repay
all  of  such  expenses advanced if it shall be finally judicially adjudged that
Director  is  not entitled to be indemnified against such expenses. Any advances
and  undertakings  to  repay  pursuant  to this paragraph shall be unsecured and
interest  free.

<PAGE>
7.     Enforcement.
       -----------

     (a)     Company expressly confirms and agrees that it has entered into this
Agreement  and  assumed  the  obligations  imposed on Company hereby in order to
induce  Director  to  continue to serve as a member of the Board of Directors of
Company,  and  acknowledges  that  Director  is  relying  upon this Agreement in
continuing  in  such  capacity.

     (b)     In  the  event  Director is required to bring any action to enforce
rights  or  to collect moneys due under this Agreement and is successful in such
action,  Company  shall reimburse Director for all of Director's reasonable fees
and  expenses  in  bringing  and  pursuing  such  action.

     8.     Separability.  Each  of  the  provisions  of  this  Agreement  is  a
            ------------
separate  and  distinct  agreement and independent of the others, so that if any
provision  hereof  shall  be held to be invalid or unenforceable for any reason,
such  invalidity  or  unenforceability  shall  not  affect  the  validity  or
enforceability  of  the  other  provisions  hereof.

     9.     Governing  Law;  Binding  Effect;  Amendment  and  Termination.
            --------------------------------------------------------------

     (a)     This Agreement shall be interpreted and enforced in accordance with
the  laws  of  the  State  of  Missouri.

     (b)     This Agreement shall be binding upon Director and upon Company, its
successors  and assigns, and shall inure to the benefit of Director , his or her
heirs,  personal representatives and assigns, and to the benefit of Company, its
successors  and  assigns.

     (c)     No  amendment,  modification,  termination  or cancellation of this
Agreement  shall  be  effective unless signed in writing by both parties hereto.

     IN  WITNESS WHEREOF, the parties hereto have executed this Agreement on and
as  of  the  day  and  year  first  above  written.

                              ENERGIZER  HOLDINGS,  INC.

                              By:_____________________________

                              DIRECTOR

                              By:_____________________________ENERGIZER HOLDINGS, INC.
                        EXECUTIVE SAVINGS INVESTMENT PLAN

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

1.2     "Board"  means  the  Board  of  Directors  of  Energizer  Holdings, Inc.

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

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

1.5     "Company"  means  Energizer  Holdings,  Inc.

1.6     "Compensation"  means all or any part of any cash compensation and other
consideration  due to an Employee for services rendered or to be rendered to the
Company  or  an  Affiliated  Company,  as  determined  by  the  Committee.

1.7     "Disability"  means  a  finding  by  the  Committee  of  a Participant's
permanent  and  total  disability.

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

1.9     "Entry  Date"  means  the last day of any payroll period during which or
with  respect  to  which  an  Employee,  meeting the eligibility requirements of
Section 2.2 and 2.3, has his or her deferrals pursuant to the SIP limited by the
     deferral  limitations  of  ERISA.

1.10     "ERISA"  means  the Employee Retirement Income Security Act of 1974, as
amended.

1.11     "Participant"  means  an  Employee  who is deferring, or an Employee or
former  Employee  who  has deferred, Compensation pursuant to Article III of the
Plan.

1.12     "Plan"  means the Energizer Holdings, Inc. Executive Savings Investment
Plan,  as  amended  from  time  to  time.

1.13     "Retirement"  means  termination  of  Employment  at  or  after age 55.

1.14     "SIP"  means  the  Energizer Holdings, Inc. Savings Investment Plan, as
amended  from  time  to  time.

1.15     "Termination  of  Employment" means separation from employment with the
Company  or  an  Affiliated  Company  for  reasons  other  than  death  of  the
Participant;  provided,  however,  that  a  transfer  in  employment between the
Company  or  an  Affiliated  Company  shall  not  be  deemed  a  Termination  of
Employment.  For  purposes of this Plan, the sale by the Company or an affiliate
of  all  or substantially all of the outstanding capital stock of the Company or
an  Affiliated  Company  shall  be  deemed  to be a Termination of Employment of
Participants  employed  by  such  Company  or  Affiliated  Company.

1.16     "Valuation  Date"  means  December  31  of  each  Year.

1.17     "Year"  means  a  calendar  year,  unless  otherwise  specified.

                      II.     ELIGIBILITY AND PARTICIPATION
2.1     Prior  Participants.  An  Employee  who was a Participant in the Ralston
        -------------------
Purina  Company  Executive  Savings Plan on March 31, 2000 shall continue his or
her  status  as  a  Participant.

2.2     Other  Employees.  An  Employee who is entitled to Compensation shall be
        ----------------
eligible  to elect to participate in the Plan during the period of time in which
the  Employee:

(a)     (1)     is  Chairman  of  the Board, Chief Executive Officer, President,
Vice  President,  Secretary  or Treasurer of the Company; a Vice President of an
administrative  or  operating  division of the Company; a Chairman of the Board,
Chief Executive Officer, President or Corporate Vice President of the Company or
an  Affiliated  Company,  or

     (2)     is  designated  by  the  Chief  Executive Officer of the Company as
eligible  to  participate  in  the  Plan;

and

(b)     has  elected  to  defer Compensation as permitted under the terms of the
SIP.

2.3     Initial  Enrollment.  An Employee may first become a Participant upon an
        -------------------
Entry  Date  if he or she has previously completed and submitted to the Employee
Benefits  Committee  an  enrollment form, supplied by the Committee, by which an
Employee  elects  to  defer a specified percentage of compensation in accordance
with  Article  III.

2.4     Annual Deferral Elections.  A new election to defer compensation must be
        -------------------------
     submitted in December each Year to the Committee on forms provided by it in
order  for  a  Participant  to  defer  income  pursuant  to  the Plan during the
following  Year.  Each  deferral  election  is effective for an entire Year, and
cannot  be  increased  or  decreased  during  that  period.

2.5     Cessation  of  Deferrals.  A  Participant  who  ceases  to  meet  the
        ------------------------
eligibility  requirements  of  Section  2.2(a)  may no longer defer Compensation
        --
pursuant  to  the  Plan effective as of the first payroll period beginning after
such  cessation  of  eligibility.  Such  Participant  shall  continue  to  be  a
Participant  in the Plan for all other purposes until distribution of his or her
account  balance.

                             III.     CONTRIBUTIONS
3.1     Deferrals into the Plan.  A Participant whose deferrals into the SIP are
        -----------------------
     limited  during a Year by the deferral limits imposed by ERISA and the Code
may  defer  a  portion  of  such  Participant's  Compensation, in excess of that
permitted  to  be  deferred  pursuant to the SIP, on a before-tax basis into the
Plan.  No  after-tax deferrals are permitted under the Plan.  If a Participant's
deferrals  from a single payment of Compensation must be apportioned between the
SIP  and  the  Plan,  the deferral percentage applicable to the initial deferral
under  the Plan shall be equal to the deferral percentage then in effect for the
SIP.  Subsequent  deferrals  pursuant  to the Plan shall be made at the deferral
percentage  elected  by  the  Participant  for  the  Plan  for  that  Year.

3.2     Basic  Matched  Contributions.  Subject to Section 3.1, each Participant
        -----------------------------
may  defer receipt of a portion of his or her Compensation in any amount from 2%
to  6%,  in 1% increments, for each payroll period in a Year beginning with that
payroll  period in which the Participant exceeds the deferral limits in the SIP.
     Such  deferrals  into  the  Plan  shall  be  defined  as  Basic  Matched
Contributions.

3.3     Basic Unmatched Contributions.  Subject to Section 3.1, each Participant
        -----------------------------
     who has elected the maximum Basic Matched Contribution rate of 4% may defer
receipt of a portion of his or her Compensation by an additional 1% to 4%, in 1%
increments,  for  each  payroll  period  in  a calendar year beginning with that
payroll  period in which the Participant exceeds the deferral limits in the SIP.
Such  deferrals into the Plan shall be defined as Basic Unmatched Contributions.

3.4     Company  Matching  Contributions.  With  respect to each payroll period,
        --------------------------------
the  Company  shall  contribute on behalf of each Participant an amount equal to
25% of such Participant's Basic Matched Contributions.  Such contributions shall
     be  defined  as  Company  Matching  Contributions.

3.5     Participants'  Accounts.
        -----------------------

(a)     The Company shall establish a book reserve account for each Participant.
With respect to each payroll period, as appropriate, the Company shall credit to
a  Participant's  account  his  or  her  Basic  Matched  Contributions and Basic
Unmatched  Contributions,  and Company Matching Contributions in accordance with
Section  3.4.

(b)     Each  Participant's  account  balance shall be credited, effective as of
December 31 each Year, with annual earnings equal to the rate of earnings net of
expenses  for  that Year under the Fixed Income Fund of the SIP.  Deferrals made
during  a  Year  will  be credited at the end of that first Year with a pro rata
share  of  annual  earnings  from  the  time  of  deferral.

(c)     Each  Participant  shall be furnished annually a statement setting forth
the  value  of  his  or  her  account.

                        IV.     VESTING OF CONTRIBUTIONS
4.1     Vesting of Basic Contributions.  Each Participant shall be vested at all
        ------------------------------
     times  in  amounts  attributable to his or her Basic Matched Contributions,
Basic  Unmatched  Contributions,  and  any  earnings  thereon.

4.2     Vesting  of  Company  Matching  Contributions.  A  Participant  shall be
        ---------------------------------------------
vested  in  the  following manner in Company Matching Contributions made to such
Participant's  account:

(a)     at the rate of 25% for each whole year of employment with the Company as
recognized  under  the  terms  of  the  SIP;  or

(b)     100%  vested in the event of the occurrence of any one of the following:

(1)     attainment  of  age  65

(2)     Retirement

(3)     Disability

(4)     death

(5)     termination  of  the  Plan.

                              V.     DISTRIBUTIONS
5.1     Time  of  Distribution  to  Participant.  Amounts  due  to a Participant
        ---------------------------------------
including,  to  the extent it can be calculated and paid simultaneously with the
rest  of  the  distribution, interest on such amounts, shall be paid on the 60th
day after such Participant's Retirement or other Termination of Employment.  Any
     interest accrued on such distribution that cannot be calculated at the time
of the initial distribution shall be paid as promptly thereafter as practicable.
Notwithstanding  the  foregoing,  distributions  to  Participants  found  to  be
Disabled  shall  be  made  on  the  60th day following the determination of such
Disability.  No  distribution to a Participant shall be made upon termination of
the  Plan  until  such  Participant's  Retirement,  Termination of Employment or
Disability.

5.2     Distribution  Upon  Death.  In the event of the Participant's death, all
        -------------------------
amounts due to be distributed shall be paid to the Beneficiary designated by the
     Participant  in  writing  submitted  to  the  Committee;  but  if  none  is
designated,  then  benefits  shall  be  paid  to  the Participant's estate or as
provided by law.  Changes in designation may be made by filing a written request
with  the  Committee.  Distribution  in  full  shall  be  paid  on  the 60th day
following  the  Participant's death.  The Committee reserves the right to review
and  approve  Beneficiary  designations.

5.3     Amount  to  be  Distributed.  At  the  appropriate  time of distribution
        ---------------------------
described  in  Sections  5.1 or 5.2, the Company shall distribute the value of a
Participant's  entire Basic Matched Contributions, Basic Unmatched Contributions
and  the  vested  amount  of  such Participant's Company Matching Contributions.
Earnings on the vested portion of a Participant's account balance, calculated at
     the  interest  rate  applicable to the Valuation Date immediately preceding
the  distribution, shall be credited to the Participant's account for the period
between  the  most  recent  Valuation  Date  and the date of distribution of the
principal  account  balance.

5.4     Form  of  Distribution.  All  amounts  to  be  distributed  from  a
        ----------------------
Participant's  account  pursuant  to this Article V shall be made in the form of
        ----
payment  elected  by  the  Participant.  A  Participant may elect to receive the
value  of  his account in a single lump payment, five annual installments or ten
annual installments.  Provided, however, a Participant must have attained age 50
     and  elected  to  receive  installments  at  least  one  year  before  such
installment  payments  commence.

5.5     Withdrawals  and  Loans.
        -----------------------

(a)     Loans  are  not  permitted  under  the  Plan.

(b)     No  withdrawals are permitted except that the Committee, in its sole and
absolute  discretion,  may  permit  withdrawals  by  a Participant of any vested
amount  from  such  Participant's  accounts  if the Committee determines, in its
discretion,  that  such  funds are needed due to serious and immediate financial
hardship  from  an  unforeseeable  emergency.  Serious  and  immediate financial
hardship  to the Participant must result from a sudden and unexpected illness or
accident of the Participant or a dependent, loss of property due to casualty, or
other  similar extraordinary and unforeseeable circumstances arising from events
beyond the control of the Participant.  A distribution based upon such financial
hardship  cannot  exceed  the  amount necessary to meet such immediate financial
need.  In  addition,  the  Committee  may  impose  suspension of a Participant's
deferrals  into  the Plan or other penalties as a condition of such withdrawals.

                               VI.     FORFEITURES
6.1     Time  of  Forfeiture.  In  the  event  of a Participant's Termination of
        --------------------
Employment  prior  to the attainment of age 65, the unvested, if any, portion of
Company  Matching Contributions allocated to such Participant's account, and any
earnings  thereon,  shall  be  forfeited  as  of the date of such Termination of
Employment.

6.2     Disposition  of  Forfeitures.  All  forfeitures  arising  out  of  the
        ----------------------------
application  of  the  provisions  of Section 6.1 shall be used to reduce Company
Matching  Contributions  otherwise  payable  to Participants' accounts under the
Plan.

                VII.     AMENDMENT AND ADMINISTRATION OF THE PLAN
7.1     Power  to  Amend.  The  power to amend, modify or terminate this Plan at
        ----------------
any time is reserved to the Committee; provided that, no amendment, modification
     or  termination  may  apply  to  or  affect  the  terms  of any deferral of
Compensation  deferred  prior  to  the  effective  date  of  such  amendment,
modification  or  termination,  without  the  consent  of  the  Participant  or
Beneficiary  affected  thereby.

7.2     Administration  of  the  Plan.  The  Committee shall administer the Plan
        -----------------------------
and,  in  connection  therewith,  shall  have  full  power to designate types of
Compensation  which  may  be  deferred  and  upon  which  a  Company  Matching
Contribution may be calculated; to construe and interpret the Plan; to establish
     rules  and regulations; to delegate responsibilities to others to assist it
in  administering  the Plan or performing any responsibilities hereunder; and to
perform  all other acts it believes reasonable and proper in connection with the
administration  of  the  Plan.

                             VIII.     MISCELLANEOUS
8.1     Company's  Obligations  Unfunded.  All  benefits  due  a  Participant or
        --------------------------------
Beneficiary under the Plan are unfunded and unsecured and are payable out of the
     general  funds  of  the  Company.  The  Company,  in  its sole and absolute
discretion,  may  establish  a  grantor  trust  for  the payment of benefits and
obligations  hereunder, the assets of which shall be at all times subject to the
claims  of creditors of the Company as provided for in such trust, provided that
such  trust  does not alter the characterization of the Plan as an unfunded plan
for  purposes  of ERISA.  Such trust shall make distributions in accordance with
the  terms  of  the  Plan.

8.2     No Right to Continued Employment.  Neither the establishment of the Plan
        --------------------------------
     nor  the  payment of any benefits thereunder nor any action of the Company,
its affiliates, the Board, or the Committee shall be held or construed to confer
upon  any person any legal right to be continued in the employ of the Company or
an  Affiliated  Company.

8.3     Transferability  of  Benefits.  The right to receive payment of benefits
        -----------------------------
under  this  Plan  shall  not  be  transferred,  assigned  or  pledged except by
beneficiary  designation,  will  or  pursuant  to  the  laws  of  descent  and
distribution.

8.4     Address  of  Participant  or  Beneficiary.  A Participant shall keep the
        -----------------------------------------
Committee  apprised  of  the  Participant's  current  address  and  that  of any
Beneficiary  at  all  times during participation in the Plan.  At the death of a
Participant,  a Beneficiary who is entitled to receive payment of benefits under
the Plan shall keep the Committee apprised of such Beneficiary's current address
     until  the  entire  amount  to  be  distributed  has  been  paid.

8.5     Taxes.  Any  taxes  required  to  be  withheld under applicable federal,
        -----
state  or  local  tax  laws  or regulations may be withheld from any payment due
hereunder.

8.6     Missouri Law to Govern.  All questions pertaining to the interpretation,
        ----------------------
     construction,  administration, validity and effect of the provisions of the
Plan  shall  be determined in accordance with the laws of the State of Missouri.

8.7     Headings.  Headings  of  Articles  and Sections of the Plan are inserted
        --------
for  convenience  of  reference.  They  constitute  no  part  of  the  Plan.

     IN  WITNESS  WHEREOF,  the Company has caused this Plan to be executed by a
duly  authorized  officer  as  of the _____ day of ______________________, 2000.

     ENERGIZER  HOLDINGS,  INC.

     By:

     Title:

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