Document:

ENERGIZER HOLDINGS, INC.
                            ------------------------
                           DEFERRED COMPENSATION PLAN
                           --------------------------

                              TABLE  OF  CONTENTS

ARTICLE                                                               PAGE
-------                                                               ----

ARTICLE  I
INTRODUCTION                                                             1
1.1     NAME  OF  PLAN/PURPOSE.                                          1
1.2     "TOP  HAT"  RETIREMENT  BENEFIT  PLAN.                           1
1.3     EFFECTIVE  DATE.                                                 1
1.4     ADMINISTRATION.                                                  1
1.5     APPENDICES.                                                      1
ARTICLE  II
DEFINITIONS  AND  CONSTRUCTION                                           1
2.1     DEFINITIONS.                                                     1
2.2     NUMBER  AND  GENDER.                                             5
2.3     HEADINGS.                                                        5
ARTICLE  III
PARTICIPATION  AND  ELIGIBILITY                                          6
3.1     ELIGIBILITY.                                                     6
3.2     PARTICIPATION.                                                   6
3.3     DURATION  OF  PARTICIPATION.                                     6
ARTICLE  IV
DEFERRAL  AND  MATCHING  CONTRIBUTIONS                                   7
4.1     DEFERRALS  BY  PARTICIPANTS.                                     7
4.2     EFFECTIVE  DATE  OF  DEFERRED  COMPENSATION  AGREEMENT.          7
4.3     MODIFICATION  OR  REVOCATION  OF  ELECTION  OF  PARTICIPANT.     7
4.4     MATCHING  CONTRIBUTIONS.                                         8
4.5     MANDATED  DEFERRALS.                                             8
ARTICLE  V
VESTING                                                                  9
5.1     VESTING  IN  BASE  SALARY  DEFERRALS  AND  BONUS  DEFERRALS.     9
5.2     VESTING  IN  MATCHING  CONTRIBUTIONS.                            9
5.3     DEFERRAL  PERIODS.                                               9
ARTICLE  VI
ACCOUNTS                                                                10
6.1     ESTABLISHMENT  OF  BOOKKEEPING  ACCOUNTS.                       10
6.2     SUBACCOUNTS.                                                    10
6.3     INVESTMENT  OF  ACCOUNTS.                                       10
6.4     HYPOTHETICAL  NATURE  OF  ACCOUNTS.                             11
ARTICLE  VII
PAYMENT  OF  ACCOUNT                                                    12
7.1     TIMING  OF  DISTRIBUTION  OF  BENEFITS.                         12
7.2     ADJUSTMENT  FOR INVESTMENT GAINS AND LOSSES UPON A DISTRIBUTION 12
7.3     FORM  OF  PAYMENT  OR  PAYMENTS.                                12
7.4     DEATH  BENEFITS                                                 13
7.5     DESIGNATION  OF  BENEFICIARIES.                                 13
7.6     UNCLAIMED  BENEFITS.                                            13
7.7     WITHDRAWAL.                                                     13
ARTICLE  VIII
ADMINISTRATION                                                          14
ARTICLE  IX
AMENDMENT  AND  TERMINATION                                             15
ARTICLE  X
GENERAL  PROVISIONS                                                     16
10.1     NON-ALIENATION  OF  BENEFITS.                                  16
10.2     CONTRACTUAL  RIGHT  TO  BENEFITS  FUNDING.                     16
10.3     INDEMNIFICATION  AND  EXCULPATION.                             16
10.4     NO  EMPLOYMENT  AGREEMENT.                                     16
10.5     CLAIMS  FOR  BENEFITS.                                         17
10.6     SUCCESSOR  TO  COMPANY.                                        17
10.7     SEVERABILITY.                                                  17
10.8     ENTIRE  PLAN.                                                  17
10.9     PAYEE  NOT  COMPETENT.                                         18
10.10     TAX  WITHHOLDING.                                             18
10.11     GOVERNING  LAW.                                               18

<PAGE>

                            ENERGIZER HOLDINGS, INC.
                           DEFERRED COMPENSATION PLAN

                                    ARTICLE I

                                  INTRODUCTION

1.1     NAME  OF  PLAN/PURPOSE.

          ENERGIZER HOLDINGS, INC.  ("Company") hereby establishes the ENERGIZER
HOLDINGS,  INC.  DEFERRED  COMPENSATION  PLAN ("Plan") which Plan is an unfunded
deferred  compensation  plan for the benefit of certain designated management or
highly  compensated employees and Directors of the Company and its Subsidiaries.
This  Plan  is  intended  to  provide,  in  part, certain eligible employees and
Directors  of the Company and its Subsidiaries the opportunity to defer elements
of  their  compensation or fees and to receive the benefit of additions to their
deferrals.

1.2     "TOP  HAT"  RETIREMENT  BENEFIT  PLAN.

          The  Plan  is  intended  to  be  a  nonqualified  unfunded  deferred
compensation  plan.  The Plan is maintained for Directors and for a select group
of  management  or  highly  compensated employees and, therefore, it is intended
that  the  Plan  will  be exempt from Parts 2, 3 and 4 of Title I of ERISA.  The
Plan  is  not  intended  to  qualify  under  Code  section  401(a).

1.3     EFFECTIVE  DATE.

          The  Plan  is  effective  as  of  April  1,  2000.

1.4     ADMINISTRATION.

          The  Plan  shall be administered by the Committee described in Article
VIII.

1.5     APPENDICES.

          The Plan may be amplified or modified from time to time by Appendices.
Each  Appendix  forms a part of the Plan and its provisions shall supersede Plan
provisions  as  necessary  to  eliminate  any  inconsistencies.

<PAGE>
                                   ARTICLE II

                          DEFINITIONS AND CONSTRUCTION

2.1     DEFINITIONS.

          For  purposes of the Plan, the following words and phrases, whether or
not  capitalized, shall have the respective meanings set forth below, unless the
context  clearly  requires  a  different  meaning:

          (a)     "ACCOUNT"  means  the bookkeeping account maintained on behalf
of  each  Participant  pursuant  to Article VI that is credited with Base Salary
Deferrals,  Bonus  Deferrals, Matching Contributions, and Director Fee Deferrals
pursuant  to  Article  IV, amounts credited to the Ralston Plan Account, and the
earnings and losses on such amounts as determined in accordance with Article VI.
Account  also shall include the amounts credited as of March 31, 2000 (including
amounts  attributable  to services performed on or before March 31, 2000 and not
paid  until after such date but that are subject to a deferral election pursuant
to  the  Ralston  Plan)  under  the  Ralston  Plan.

          (b)     "ACQUIRING  PERSON" means any person or group of Affiliates or
Associates  who  is  or becomes the beneficial owner, directly or indirectly, of
shares  representing  20%  or  more  of the total votes of the outstanding stock
entitled  to  vote  at  a  meeting  of  shareholders.

          (c)     "AFFILIATE"  or  "ASSOCIATE" shall have the meanings set forth
in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange
Act  of  1934,  as  amended.

          (d)     "AFFILIATED  COMPANY"  means  any  corporation  or  business
organization during any period during which it is a member of a controlled group
of  corporations  or  trades  or  businesses within the meaning of Code sections
414(b)  and  414(c),  which  controlled  group  includes the Company, or it is a
member of an affiliated service group within the meaning of Code section 414(m),
which  affiliated  service  group  includes  the  Company.

          (e)     "BASE  SALARY"  means, with respect to an Employee, the annual
cash  compensation  relating  to  services  performed  during any calendar year,
whether  or  not  actually paid in such calendar year or included on the Federal
Income  Tax  Form  W-2  for  such calendar year, excluding bonuses, commissions,
overtime,  fringe  benefits,  stock  options,  relocation  expenses,  incentive
payments,  non-monetary  awards, and other fees, automobile and other allowances
paid  to  a  Participant  for  employment services rendered (whether or not such
allowances  are  included in the Employee's gross income).  Base Salary shall be
calculated before reduction for compensation voluntarily or mandatorily deferred
or  contributed  by  the  Participant pursuant to all qualified or non-qualified
plans  of  the  Company  and  any  Subsidiary and shall be calculated to include
amounts  not  otherwise  included  in  the Participant's gross income under Code
Sections  125,  402(e)(3), 402(h) or 403(b) pursuant to plans established by the
Company;  provided  however,  that  all  such  amounts  will  be  included  in
compensation  only  to  the extent that, had there been no such plan, the amount
would  have  been  payable  in  cash  to  the  Employee.

          (f)     "BASE  SALARY  DEFERRAL"  means  the amount of a Participant's
Base  Salary  which  the  Participant elects to have withheld on a pre-tax basis
from  his  Base  Salary  and  credited  to  his Account pursuant to Section 4.1.

          (g)     "BENEFICIAL  OWNER" shall mean a person who shall be deemed to
have  acquired  "beneficial  ownership"  of,  or  to  "beneficially  own,"  any
securities:

               (i)     which  such  person  or any of such persons Affiliates or
Associates  beneficially  owns,  directly  or  indirectly;

               (ii)     which  such person or any of such person's Affiliates or
Associates  has  (a)  the  right  to  acquire (whether such right is exercisable
immediately  or  only  after  the  passage  of  time) pursuant to any agreement,
arrangement  or  understanding (other than customary agreements with and between
underwriters  and  selling  group  members  with  respect  to a bona fide public
offering  of  securities),  or  upon  the  exercise  of  currently  exercisable
conversion  or  exchange  rights,  warrants  or options, or otherwise; provided,
however,  that  a  person  shall  not  be  deemed the Beneficial Owner of, or to
beneficially  own,  securities  tendered  pursuant to a tender or exchange offer
made  by  or  on  behalf  of  such  person or any of such person's Affiliates or
Associates until such tendered securities are accepted for purchase or exchange;
or  (b)  the  right  to  vote  pursuant  to  any  agreement,  arrangement  or
understanding;  provided,  however,  that  a  person  shall  not  be  deemed the
Beneficial  Owner  of,  or  to  beneficially own, any security if the agreement,
arrangement  or  understanding  to  vote  such security (1) arises solely from a
revocable proxy or consent given to such person in response to a public proxy or
consent  solicitation  made  pursuant to, and in accordance with, the applicable
rules  and  regulations  promulgated  under the Exchange Act and (2) is not also
then  reportable  on  Schedule  13D under the Exchange Act (or any comparable or
successor  report);  or

               (iii)     which  are  beneficially owned, directly or indirectly,
by any other person with which such person or any of such person's Affiliates or
Associates has any agreement, arrangement or understanding (other than customary
agreements  with and between underwriters and selling group members with respect
to  a  bona  fide  public  offering of securities) for the purpose of acquiring,
holding,  voting  or  disposing  of  any  securities  of  Company.

          Notwithstanding  anything  in this definition of "Beneficial Owner" to
the  contrary,  the  phrase  "then  outstanding,"  when used with reference to a
person's beneficial ownership of securities of Company, shall mean the number of
such  securities  then  issued  and outstanding together with the number of such
securities  not  then actually issued and outstanding which such person would be
deemed  to  own  beneficially  hereunder.

          (h)     "BENEFICIARY"  means  the  person  or entity designated by the
Participant  to  receive  benefits  which  may  be  payable  on  or  after  the
Participant's  death  in  accordance  with  Section  7.4.

          (i)     "BOARD"  means  the  Board  of  Directors  of  the  Company.

          (j)     "BONUS COMPENSATION" means the amount awarded to a Participant
for  a  Plan  Year  under  any  bonus  plan  maintained  by the Company and/or a
Subsidiary  which  the  Committee  permits  to  be  deferred  under  the  Plan.

          (k)     "BONUS  DEFERRAL"  means  the  amount of a Participant's Bonus
Compensation  which  the  Participant elects to have withheld on a pre-tax basis
from his Bonus Compensation and credited to his Account pursuant to Section 4.1.

          (l)     "CHANGE OF CONTROL" shall mean the time when (a) any Acquiring
person,  either  individually  or  together  with  such  person's  Affiliates or
Associates,  shall  have become the Beneficial Owner, director or indirectly, of
more than 20% of the total votes of the outstanding stock of Energizer Holdings,
Inc.;  (b)  individuals  who  shall  qualify  as Continuing Directors shall have
ceased  for  any reason to constitute at least a majority of the Board; or (c) a
majority  of  the  individuals  who  shall qualify as Continuing Directors shall
approve  a  declaration  that  a  Change  of  Control  has  occurred.

          (m)     "CODE"  means  the  Internal Revenue Code of 1986, as amended,
and  all  valid  regulations  thereunder.

          (n)     "COMMITTEE"  means the Committee appointed by the President of
the  Company  which  administers  the  Plan  in  accordance  with  Article VIII.

          (o)     "COMPANY"  means  Energizer  Holdings,  Inc. and any successor
thereto.

          (p)     "CONTINUING  DIRECTOR"  means  any  member of the Board, while
such  person  is a member of such Board, who is not an Affiliate or Associate of
an Acquiring Person or of any such Acquiring Person's Affiliate or Associate and
was  a  member of such Board prior to the time when such Acquiring Person became
an  Acquiring  Person,  and  any  successor of a Continuing Director, while such
successor  is  a  member  of  such  Board,  who is not an Acquiring Person or an
Affiliate  or Associate of an Acquiring Person or a representative or nominee of
an  Acquiring  Person  or of any Affiliate or Associate of such Acquiring Person
and  is  recommended or elected to succeed the Continuing Director by a majority
of  the  Continuing  Directors.

          (q)     "DEFERRAL  PERIOD"  means  the  period  of  time  for  which a
Participant  elects  to  defer  receipt  of  Base  Salary  Deferrals  and  Bonus
Deferrals,  credited  to  such  Participant's  Account  for a Plan Year, and the
earnings  thereon.  A  Participant's  election  of  a  Deferral Period made with
respect  to  Bonus  Deferrals  for  a  Plan  Year (i) may be different from such
election  with  respect  to  Salary Deferrals for such Plan Year, and (ii) shall
apply  to  Matching Contributions made by the Company with respect to such Bonus
Deferrals  for  such  Plan  Year.

          (r)     "DEFERRALS"  means (i) with respect to a Participant who is an
Employee, Base Salary Deferrals and/or Bonus Deferrals, and (ii) with respect to
a  Participant  who  is  a  Director,  Director  Fee  Deferrals.

          (s)     "DEFERRED  COMPENSATION AGREEMENT" means the written agreement
or  electronic means by which a Participant elects the amount of Deferrals for a
Plan  Year,  the  Deferral Period, the deemed investment and the form of payment
for  the  Deferrals  and  Matching Contributions, credited to such Participant's
Account  for  a  Plan  Year, and the earnings thereon.  A Participant's election
with  respect  to  the  amount  of  Salary  Deferrals and investment and form of
payment  of  such  Salary  Deferrals  for a Plan Year may be different from such
elections  with  respect to Bonus Deferrals for such Plan Year.  A Participant's
election  on  a  Deferred  Compensation  Agreement  made with respect to a Bonus
Deferral  for  a  Plan  Year  shall  apply to Matching Contributions made by the
Company  with  respect  to  such  Bonus  Deferrals  for  such  Plan  Year.

          (t)     "DIRECTOR"  means  any  member  of  the  Board or the board of
directors  of  a Subsidiary and who is not an officer or Employee of the Company
or  a  Subsidiary.

          (u)     "DIRECTOR  FEE  DEFERRALS"  means  the amount of Director Fees
which a Participant elects to have withheld on a pre-tax basis from his Director
Fees  and  credited  to  his  Account  pursuant  to  Section  4.1.

          (v)     "DIRECTOR  FEES"  means the amount of cash paid to a Director,
including  but  not  limited  to  board of director fees, committee fees, annual
retainer  director  fees and such other amounts paid to a Director, for services
as  a  Director  of  the  Company  or  a  Subsidiary.

          (w)     "DISABILITY"  means  such  physical  or  mental  illness  that
prevents  the  Participant  from  performing  his regular duties for the Company
and/or  Subsidiary,  as  determined  by  the  Committee.

          (x)     "EFFECTIVE  DATE"  means  April  1,  2000.

          (y)     "EMPLOYEE"  means any common-law employee of the Company or an
Affiliated  Company.

          (z)     "ERISA"  means  the Employee Retirement Income Security Act of
1974,  as  amended.

          (aa)     "MARKET  VALUE"  means the average of the closing stock price
of the Stock as reported by the New York Stock Exchange - Composite Transactions
during the ten (10) trading days immediately preceding the date in question, or,
if the Stock is not quoted on such composite tape or if such Stock is not listed
on  such exchange, on the principal United States securities exchange registered
under  the  Securities  Exchange  Act of 1934, as amended, on which the Stock is
listed,  or  if the Stock is not listed on any such exchange, the average of the
closing  bid quotations with respect to a share of the Stock during the ten (10)
days  immediately  preceding  the  date  in  question on the NASDAQ Stock Market
National  Market  System or any system then in use, or if no such quotations are
available, the fair market value on the date in question of a share of the Stock
as  determined  by  a  majority  of  the  Continuing  Directors  in  good faith.

          (bb)     "MATCHING  CONTRIBUTION" means the amount of the contribution
made by the Company and/or a Subsidiary on behalf of a Participant who elects to
make  Bonus  Deferrals to the Plan for a Plan Year, subject to the provisions of
Section  4.4.

          (cc)     "PARTICIPANT"  means  each Employee who has been selected for
participation  in  the  Plan  and  each  Director  who  has become a Participant
pursuant  to  Article  III.

          (dd)     "PLAN"  means  the  ENERGIZER  HOLDINGS,  INC.  DEFERRED
COMPENSATION  PLAN,  as  amended  from  time  to  time.

          (ee)     "RALSTON  PLAN"  means  the  Ralston  Purina Company Deferred
Compensation  Plan  for  Key  Employees.

          (ff)     "RALSTON  PLAN  ACCOUNT" means the amounts credited on behalf
of  a  Participant  under  the  Ralston  Plan  as  of  March  31,  2000.

          (gg)     "RETIREMENT"  means,  with  respect to a Participant who is a
Director, the Director's resignation or removal as a Director of the Company and
Subsidiaries  following  attainment  of  age  70.

          (hh)     "PLAN  YEAR"  means  the  twelve-consecutive  month  period
commencing  January  1  of  each year and ending on December 31, except that the
first  Plan  Year  shall  be the period beginning on April 1, 2000 and ending on
December  31,  2000.

          (ii)     "STOCK" means shares of the Company's common stock, par value
$.01  per  share, which consists of shares of a class of common stock designated
as  Energizer  Common Stock ("ENR Stock") or any such other security outstanding
upon  the  reclassification  or  redesignation of the Company's ENR Stock or any
other  outstanding  class  or  series of common stock of the Company, including,
without  limitation,  any  stock  split-up, stock dividend, creation of tracking
stock, or other distributions of stock in respect of stock, or any reverse stock
split-up,  or  recapitalization of the Company or any merger or consolidation of
the Company with any Affiliate, or any other transaction, whether or not with or
into  or  otherwise  involving  an  Acquiring  Person.

          (jj)     "STOCK  UNIT"  means  a  stock unit that is equivalent to one
share  of  Stock.

          (kk)     "SUBSIDIARY" means any trade or business under common control
with  the  Company  as  defined  in  Code  Section  1563(a)(1).

          (ll)     "TERMINATION  FOR CAUSE" means a Participant's termination of
employment  with  the  Company  and  its  Subsidiaries  because  the Participant
willfully  engaged  in  gross misconduct; provided, however, that a "Termination
for  Cause"  shall  not  include  a  termination  attributable to: (i) poor work
performance,  bad judgment or negligence on the part of the Participant; or (ii)
an  act or omission reasonable believed by the Participant in good faith to have
been  in  or  not  opposed  to the best interests of his employer and reasonably
believed  by  the  Participant  to  be  lawful.

          (mm)     "TRUST"  means the fund established in consequence of and for
the  purpose  of  the Plan, to be held in trust by the Trustee, from which Trust
benefits  under  the  Plan  may  be  paid.

          (nn)     "TRUST  AGREEMENT"  means  the  Trust  under  the  Energizer
Holdings,  Inc.  Deferred Compensation Plan made and entered into by the Company
with  the  Trustee  pursuant  to the Plan, as said Agreement may be amended from
time  to  time.

          (oo)     "TRUSTEE" means any person, persons or corporation designated
by  the  Company  from  time to time to hold, invest and disburse, in accordance
with  the  Plan  and  Trust  Agreement,  the  assets  of  the  Plan.

          (pp)     "VALUATION DATE" means the last business day of each calendar
quarter,  unless  changed  by  the  Committee,  and  each special valuation date
designated  by  the  Committee.

2.2     NUMBER  AND  GENDER.

          Wherever  appropriate  herein,  words  used  in  the singular shall be
considered  to  include  the  plural  and  words  used  in  the  plural shall be
considered  to  include  the singular.  The masculine gender, where appearing in
the  Plan,  shall  be  deemed  to  include  the  feminine  gender.

2.3     HEADINGS.

          The  headings  of Articles and Sections herein are included solely for
convenience  and do not bear on the interpretation of the text.  If there is any
conflict between such headings and the text of the Plan, the text shall control.
As used in the Plan, the terms "Article", "Section" and "Appendix" mean the text
that  accompanies  the  specified  Article,  Section  or  Appendix  of the Plan.

<PAGE>
                                   ARTICLE III

                          PARTICIPATION AND ELIGIBILITY

3.1     ELIGIBILITY.

     (a)     Employees  -  The  Committee  shall  select  who  is  eligible  to
             ---------
participate  in  the  Plan  from  among  the  management  and highly compensated
Employees  of the Company and its Subsidiaries who are subject to the income tax
laws  of  the  United States.  In making its selections hereunder, the Committee
shall  take  into  consideration  the  nature  of the services rendered or to be
rendered  to  the  Company  and its Subsidiaries by an Employee, his present and
potential  contribution  to the success of the Company and its Subsidiaries, and
such other factors as the Committee deems relevant in accomplishing the purposes
of  the  Plan. The Committee shall notify each Participant of his selection as a
Participant.

     (b)     Directors  -  A  Director  is  eligible to participate in the Plan.
             ---------

3.2     PARTICIPATION.

          An Employee or Director shall become a Participant effective as of the
date  the  Committee  determines,  which  date shall be on or after the date his
Deferred Compensation Agreement becomes effective.  Subject to the provisions of
Section 3.3 a Participant shall remain eligible to continue participation in the
Plan for each Plan Year following his initial year of participation in the Plan.

3.3     DURATION  OF  PARTICIPATION.

     (a)     Employee  -  A  Participant  who is an Employee shall cease to be a
             --------
Participant  as  of the date on which his or her employment with the Company and
all Subsidiaries terminates or is deemed terminated by the Company, the date the
Committee terminates such Participant's participation in the Plan or the date on
which  the  Plan  terminates,  whichever  date  is earliest.  Any such Committee
action  shall be communicated to such Participant prior to the effective date of
such  action.

          If the Committee determines in good faith that a Participant no longer
qualifies  as  a  member  of  a select group of management or highly compensated
employees,  as  membership  in  such  group is determined in accordance with the
provisions  of  Section  201(2), 301(a)(3) and 401(a)(1) of ERISA, the Committee
shall  have  the  right,  in  its sole discretion, to (i) terminate any deferral
election  the  Participant  has made for the remainder of the Plan Year in which
the  Participant's  membership changes, (ii) prevent the Participant from making
future  deferral elections and/or (iii) immediately distribute the Participant's
Account  in  which he is vested and terminate the Participant's participation in
the  Plan.

     (b)     Director  -  A  Participant  who  is a Director shall cease to be a
             --------
Participant  as  of  the  date on which he ceases to be a Director, the date the
Committee terminates such Participant's participation in the Plan or the date on
which  the  Plan  terminates,  whichever  date  is earliest.  Any such Committee
action  shall be communicated to such Participant prior to the effective date of
such  election.

<PAGE>
                                   ARTICLE IV

                       DEFERRAL AND MATCHING CONTRIBUTIONS

4.1     DEFERRALS  BY  PARTICIPANTS.

     (a)     Deferred  Elections  by Participants - Before the first day of each
             ------------------------------------
Plan  Year  (or  the  remaining  portion thereof for an Employee or Director who
commences participation in the Plan other than on the first day of a Plan Year),
a  Participant  may  file  with  the Committee a Deferred Compensation Agreement
pursuant  to which such Participant elects to make Deferrals for such Plan Year.
Any  such  Participant  election  shall  be  subject  to  any maximum or minimum
percentage or dollar amount limitations and to any other rules prescribed by the
Committee  in  its  sole  discretion.

     (b)     Effect  of Termination on Deferral Election - Base Salary Deferrals
             -------------------------------------------
will  be  credited to the Account of each Participant as of the last day of each
calendar month, provided that such Participant is an Employee on the last day of
such  calendar  month.  A  Participant  whose  employment  terminates during the
calendar month shall be paid in cash the amount of his Base Salary Deferrals for
such month.  Bonus Deferrals will be credited to the Account of each Participant
as  soon  as  administratively  feasible after such Bonus Compensation otherwise
would  have  been paid to the Participant in cash, provided that the Participant
is  an  Employee  as  of  such  date.  A Participant whose employment terminates
before  his  Bonus Compensation would have been paid to him in cash will be paid
his  Bonus  Deferral  in  cash.  Director  Fee Deferrals will be credited to the
Account  of  each  Participant  as  soon as administratively feasible after such
Director  Fees  otherwise  would  have  been  paid  to  the Participant in cash,
provided  that  the  Participant  is  a Director as of such date.  A Participant
whose  relationship as a Director terminates before his Director Fees would have
been  paid  to  him  in  cash  will  be paid his Director Fee Deferrals in cash.

4.2     EFFECTIVE  DATE  OF  DEFERRED  COMPENSATION  AGREEMENT.

          A  Participant's  initial  Deferred  Compensation  Agreement  shall be
effective  as  of  the date the Participant commences participation in the Plan.
Each  subsequent  Deferred  Compensation Agreement shall become effective on the
first  day  of  the  Plan  Year  to which it relates.  If a Participant fails to
complete a Deferred Compensation Agreement on or before the date the Participant
commences  participation  in  the  Plan  or  the first day of any Plan Year, the
Participant  shall be deemed to have elected not to make Deferrals for such Plan
Year (or remaining portion thereof if the Participant enters the Plan other than
on  the  first  day  of  a  Plan  Year).

4.3     MODIFICATION  OR  REVOCATION  OF  ELECTION  OF  PARTICIPANT.

          A  Participant  may  not  discontinue  or  change  the  amount  of his
Deferrals  during  a  Plan  Year.  Under  no  circumstances  may a Participant's
Deferred  Compensation  Agreement  be  made,  modified or revoked retroactively.

<PAGE>
4.4     MATCHING  CONTRIBUTIONS.

          For  each  Plan Year, the Company and/or its Subsidiaries shall make a
Matching  Contribution  with  respect  to  a  Participant's  Bonus Deferrals and
Director  Fee  Deferrals  for such Plan Year that are invested in the Stock Unit
fund  pursuant  to  Section 6.3; provided however, that such Bonus Deferrals and
Director  Fee  Deferrals  for  such Plan Year must be invested in the Stock Unit
fund as provided in Section 6.3 for a period of not less than twelve (12) months
beginning  on  the  date  such  Bonus  Deferrals  and Director Fee Deferrals are
credited  to  such  Participant's  Account  in  order  to  receive  a  Matching
Contribution.  The  amount,  if any, of such Matching Contribution for each Plan
Year  shall  be  determined  by  the  Company  in  its  sole  discretion.

4.5     MANDATED  DEFERRALS.

          If the Committee mandates the deferral of any compensation in order to
preserve  the  deductibility of such compensation, when paid, under Code Section
162(m),  such  amounts  shall  remain  deferred until such time as the Committee
directs.  The Participant shall be entitled to elect the hypothetical investment
of  such  amounts in accordance with Section 7.3.  Such mandated deferrals shall
not  be  entitled  to a Matching Contribution and shall be paid in a lump sum as
soon  as  practicable  after  they  become  deductible  by  the  Company  or its
Subsidiaries  as  determined  by  the  Committee  or  its  delegee.

<PAGE>
                                    ARTICLE V

                                     VESTING

5.1     VESTING  IN  BASE  SALARY  DEFERRALS  AND  BONUS  DEFERRALS.

          A  Participant  shall always be 100% vested in the amounts credited to
his  Account  attributable  to  his  Base  Salary Deferrals, Bonus Deferrals and
Director Fee Deferrals, including earnings thereon.  A Participant shall also be
100%  vested in his Ralston Plan Account and in the amounts credited as of March
31,  2000  (including  amounts  attributable  to services performed on or before
March  31,  2000  and  not  paid until after such date but that are subject to a
deferral  election  pursuant  to  the  Ralston  Plan)  under  the  Ralston Plan.

5.2     VESTING  IN  MATCHING  CONTRIBUTIONS.

     (a)     Employees  -  A  Participant  who  is an Employee shall become 100%
             ---------
vested  in  the Matching Contributions and earnings thereon, credited/debited to
his  Account  for  a  Plan  Year,  upon the expiration of thirty-six (36) months
beginning  on  the date such Matching Contributions are credited to his Account.

          Notwithstanding the foregoing, a Participant who is an Employee shall,
become  100%  vested  in  the  Matching  Contributions  and  earnings  thereon,
credited/debited  to  his  Account  upon  the  Participant's  death, disability,
involuntary  termination  (other than Termination for Cause) or upon a Change of
Control.

     (b)     Directors  -  A Participant who is a Director, shall always be 100%
             ---------
vested  in  the  amounts  credited  to  his Account, including earnings thereon.

5.3     DEFERRAL  PERIODS.

     (a)     Employees  -  A  Participant who is an Employee must specify on the
             ---------
Deferred  Compensation  Agreement,  the  Deferral  Period  for  the  Base Salary
Deferrals  and  the Deferral Period for the Bonus Deferrals for the Plan Year to
which the Deferred Compensation Agreement relates, and earnings thereon, subject
to  certain  rules  as  determined  by  the  Committee  from  time  to  time.  A
Participant  shall  elect  one  of the Deferral Period options as follows: (1) a
Deferral  Period of at least three (3) years pursuant to which a distribution is
made  in  January of the fourth (or later) Plan Year following the Plan Year for
which  the Base Salary Deferrals, and Bonus Deferrals and Matching Contributions
thereon,  were  made, and (2) termination of employment with the Company and all
Subsidiaries  for  any  reason.

     (b)     Directors  -  A  Participant  who  is  a  Director  may not elect a
             ---------
Deferral  Period  with  respect  to  Director  Fee  Deferrals.  Payment  of such
Director  Fee  Deferrals  shall  be  made  in  accordance with the provisions of
Section  7.1.

<PAGE>
                                   ARTICLE VI

                                    ACCOUNTS

6.1     ESTABLISHMENT  OF  BOOKKEEPING  ACCOUNTS.

          A  separate  bookkeeping  account  shall  be  maintained  for  each
Participant.  Such  account  shall  be  credited  with the Deferrals made by the
Participant  pursuant  to  Section  4.1,  the Matching Contributions made by the
Company  or  a  Subsidiary  pursuant to Section 4.4, and amounts credited to his
Ralston  Plan  Account  and  credited  (or charged, as the case may be) with the
hypothetical  investment  results  pursuant  to  Section  6.3.

6.2     SUBACCOUNTS.

          Within  each  Participant's  bookkeeping account, separate subaccounts
may  be  maintained  to the extent necessary for the administration of the Plan.
For  example,  it  may  be  necessary to maintain separate subaccounts where the
Participant  has  specified  different  Deferral  Periods, methods of payment or
investment  directions  with  respect to his Deferrals for different Plan Years.

6.3     INVESTMENT  OF  ACCOUNTS.

          A  Participant  shall  elect  to  invest  the  amounts credited to his
Account  in  such measurement funds as are selected by the Committee in its sole
discretion,  including  but not limited to the Stock Unit measurement fund.  The
Committee may change or eliminate such measurement funds from time to time.  The
investment  of  such  funds  shall  be  made  in  accordance with such rules and
procedures  established  by  the  Committee.

          A Participant's Account shall consist of a cash subaccount and a stock
subaccount.  Amounts  credited  to  the  cash  subaccount  shall  be invested in
investments  other  than  Stock Units.  Amounts credited to the stock subaccount
shall  be  maintained as Stock Units.  A Participant shall elect on his Deferred
Compensation Agreement the portion of his Deferrals for a Plan Year that will be
credited  to  a  cash  subaccount and to the stock subaccount.  The balance of a
Participant's Account as of any date is the aggregate of the cash subaccount and
the stock subaccount as of such date.  The balance of each cash subaccount shall
be  expressed  in  United  States dollars.  The balance of each stock subaccount
shall  be  expressed  in  the numbers of shares of Stock deemed credited to such
subaccount,  with fractional shares of Stock calculated to three decimal places.
The  number of Stock Units credited to the stock subaccount as of any date shall
be  equal to the quotient of the amount credited to the stock subaccount divided
by  the  Market  Value  on such date.  Upon the occurrence of any stock split-up
dividend,  issuance  of any tracking stock, combination or reclassification with
respect to any outstanding series or class of Stock, or consolidation, merger or
sale  of  all  or  substantially all of the assets of the Company, the number of
Stock  Units  in  each  stock  subaccount  shall,  to the extent appropriate, be
adjusted  accordingly.

          Matching  Contributions  must be invested in the Stock Unit fund for a
period  of  not  less  than  thirty-six  (36)  months beginning on the date such
Matching  Contributions  are  credited  to  a  Participant's  Account.

          As  of  each Valuation Date, a Participant's Account shall be adjusted
with  earnings  and  losses  to  reflect  the  investment  elections made by the
Participant.

6.4     HYPOTHETICAL  NATURE  OF  ACCOUNTS.

          The Account established under this Article VI shall be hypothetical in
nature  and  shall  be maintained for bookkeeping purposes only so that earnings
and  losses  on  the  Base  Salary  Deferrals,  Bonus Contributions and Matching
Contributions made to the Plan can be credited (or charged, as the case may be).
Neither  the Plan nor any of the Accounts (or subaccounts) established hereunder
shall  hold  any actual funds or assets.  The right of any person to receive one
or  more payments under the Plan shall be an unsecured claim against the general
assets  of the Company.  Any liability of the Company to any Participant, former
Participant,  or  Beneficiary  with respect to a right to payment shall be based
solely  upon  contractual  obligations created by the Plan.  Neither the Company
and/or  any  Subsidiary, the Board, nor any other person shall be deemed to be a
trustee  of  any  amounts  to  be paid under the Plan.  Nothing contained in the
Plan,  and  no  action  taken  pursuant  to  its  provisions, shall create or be
construed  to  create  a trust of any kind, or a fiduciary relationship, between
the  Company  and/or  any  Subsidiary  and  a  Participant  or any other person.

<PAGE>
                                   ARTICLE VII

                               PAYMENT OF ACCOUNT

7.1     TIMING  OF  DISTRIBUTION  OF  BENEFITS.

     (a)     Employees  -  With  respect  to  a  Participant who is an Employee,
             ---------
distribution  of  Base  Salary  Deferrals,  Bonus  Deferrals  and  Matching
Contributions,  shall  be  made  as  soon  as practicable following the date the
Deferral  Period  for  such  Deferrals  ends.

     (b)     Directors  -  With  respect  to  a  Participant  who is a Director,
             ---------
distribution  of  Director Fee Deferrals shall be made not later than sixty (60)
days following the date the Participant's relationship as a Director terminates.

7.2     ADJUSTMENT  FOR  INVESTMENT  GAINS  AND  LOSSES  UPON  A  DISTRIBUTION.

          Upon  a  distribution  pursuant  to this Article VII, the balance of a
Participant's  Account  shall be determined as of the Valuation Date immediately
preceding  the  date  of  the  distribution to be made and shall be adjusted for
investment  gains  and losses which have accrued to the date of distribution but
which  have  not  been  credited  to  his  Account.

7.3     FORM  OF  PAYMENT  OR  PAYMENTS.

          Deferrals  and  Matching  Contributions,  made  to the Plan for a Plan
Year,  shall  be  distributed  to the Participant in accordance with the form of
payment  specified  as  follows:

          (a)     Lump  Sum  Payment-A  Participant  who is an Employee shall be
                  ------------------
paid  his  benefit  in the form of a lump sum payment if the vested amount to be
distributed  to such Participant, determined as of the date such amount is to be
distributed,  is  less  than  $100,000.  A  Participant  who is a Director shall
receive  payment  of  his  Account  in  a  lump  sum  payment.

          (b)     Annual  Installment  Payment-A  Participant who is an Employee
                  ----------------------------
may  elect,  in his Deferred Compensation Agreement, to be paid his benefit in a
series  of  annual  installment  payments  provided that the vested amount to be
distributed  to such Participant, determined as of the date such amount is to be
distributed,  is  equal  to or greater than $100,000.  If a Participant does not
elect  payment in the form of installment payments or if the vested amount to be
distributed  to  such Participant determined as of the date such amount is to be
distributed  is equal to or greater than $100,000 at the time such payment is to
be  made,  his  benefit  shall  be paid in the form of a lump sum payment.  If a
benefit  is  to  paid  in  a  series  of annual installment payments, the annual
installment  payments  may  be  made  for a period equal to five (5) or ten (10)
years.  Annual  installments  shall  commence  within  60 days of termination of
employment with the Company and all Subsidiaries provided that the vested amount
to  be  distributed to such Participant determined as of the date such amount is
to  be  distributed  is  equal  to  or greater than $100,000.  Subsequent annual
installment  payments  shall  be paid as soon as administratively feasible after
January  l of each year.  The amount of each annual installment payment shall be
calculated  by  multiplying  the  amount  credited  to  be  distributed  to such
Participant by a fraction, the numerator of which is one, and the denominator of
which  is  the remaining number of annual installment payments to be made to the
Participant.

7.4     DEATH  BENEFITS

     (a)     Employees  -  In  the event of the death of a Participant who is an
             ---------
Employee prior to attainment of age fifty (50) years, the amount credited to the
Participant's  Account  shall  be  paid  in a lump sum to the Beneficiary.  If a
Participant  who  is  an  Employee dies at or after attainment of age fifty (50)
years,  the  amount  credited  to  the  Participant's  Account  shall be paid in
accordance  with the applicable form of distribution elected by the Participant;
but  if  no Beneficiary is designated, then benefits shall be paid in a lump sum
to  the  Participant's estate or as provided by law.  Distribution shall be made
(and,  in  the case of installment payments, shall commence) no later than sixty
(60)  days  following  the  Participant's  death.

     (b)     Directors  -  In  the  event of the death of a Participant who is a
             ---------
Director,  the  amount  credited to the Participant's Account shall be paid in a
lump  sum not later than sixty (60) days following the date of the Participant's
death.

7.5     DESIGNATION  OF  BENEFICIARIES.

          A  Participant  may designate the Beneficiary or Beneficiaries to whom
his  benefit under the Plan shall be paid if he dies before he receives complete
payment  of  such  benefit.  A  Beneficiary  designation  (i)  must be made on a
beneficiary  designation form provided by the Committee, (ii) shall be effective
on  the  date  such  designation form is actually received by the Committee, and
(iii)  shall  revoke  all  prior  designations  made  by  the  Participant.  A
Beneficiary  designation  form  received  by the Committee after the date of the
Participant's death shall be null and void.  If a Participant has not designated
a  Beneficiary,  if no designated Beneficiary survives the Participant or if the
Beneficiary  designation  is  legally  invalid  for  any  reason,  then,  the
Participant's  Beneficiary shall be the Participant's executor or administrator,
or  his heirs at law if there is no administration of such Participant's estate.

7.6     UNCLAIMED  BENEFITS.

          In the case of a benefit payable on behalf of such Participant, if the
Committee  is  unable  to  locate  the  Participant  or Beneficiary to whom such
benefit  is  payable,  such  benefit  may  be forfeited to the Company, upon the
Committee's  determination.  Notwithstanding the foregoing, if subsequent to any
such  forfeiture  the Participant or Beneficiary to whom such benefit is payable
makes  a  valid  claim for such benefit, such forfeited benefit shall be paid by
the  Company  or  restored  to  the  Plan  by  the  Company.

7.7     WITHDRAWAL.

          A  Participant  (or,  after  a  Participant's  death,  his  or  her
Beneficiary)  may  elect,  at  any  time,  to  withdraw  all  of  his Account in
accordance  with  such  rules  and  procedures  prescribed by the Committee.  No
partial withdrawals of a Participant's Account may be made.  The Participant (or
his or her Beneficiary) shall make this election by giving the Committee advance
written  notice  of  the  election in a form determined from time to time by the
Committee.  The  Participant  (or  his  or  her  Beneficiary)  shall be paid the
withdrawal  amount  within  60  days  of his or her election.  The Committee may
impose suspensions of future deferrals or other penalties as a condition to such
withdrawals.  The  payment of this Withdrawal Amount shall not be subject to the
deduction  limitation  under  Code  Section  162(m).

<PAGE>
                                  ARTICLE VIII

                                 ADMINISTRATION

          The  Plan shall be administered by the Committee.  The Committee shall
have  all  powers  necessary  or  appropriate  to  enable  it  to  carry out its
administrative  duties.  Not in limitation, but in application of the foregoing,
the  Committee shall have the duty and power to interpret the Plan and determine
all questions that may arise hereunder as to the status and rights of Employees,
Participants,  and  Beneficiaries.  The Committee may exercise the powers hereby
granted  in  its sole and absolute discretion.  No member of the Committee shall
be  personally liable for any actions taken by the Committee unless the member's
action  involves  willful  misconduct.  The  Committee  may  delegate  its
administrative  responsibilities  to  any  Employee of the Company provided such
designation  is  in  writing.

<PAGE>
                                   ARTICLE IX

                            AMENDMENT AND TERMINATION

          The  power  to amend, modify or terminate the Plan in whole or in part
and at any time is reserved to the Committee, except that the co-Chief Executive
Officer  of  the  Company,  may  make  amendments to resolve ambiguities, supply
omissions  and  cure  defects,  and  may make any amendments deemed necessary or
desirable  to  comply  with federal tax laws or regulations to avoid adverse tax
consequences  to Participants or to the Company, and any other amendments deemed
necessary  or  desirable,  which  shall  be  reported  to  the  Committee.
Notwithstanding  the  foregoing,  no  amendment  or  modification  which  would
reasonably be considered to be adverse to a Participant or Beneficiary may apply
to  or  affect the terms of any deferral of compensation that was approved prior
to  the  effective date of such amendment or modification without the consent of
the  Participant  or  Beneficiary  affected  thereby.

          The  Board  reserves  the  right  to terminate the Plan in whole or in
part, but such termination shall not affect the Deferred Compensation Agreements
then  in  effect,  except  that  no  additional  amounts  may  be  deferred  by
Participants  to  the  Plan  after  the  date  of  termination  of  the  Plan.

          Upon  termination of the Plan, all benefits shall be paid at such time
and  in  such  manner  as  provided  in  Article  VII.

<PAGE>
                                    ARTICLE X

                               GENERAL PROVISIONS

10.1     NON-ALIENATION  OF  BENEFITS.

          No  right  or benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance, or charge, and any attempt to
anticipate,  alienate,  sell,  assign,  pledge, encumber, or change any right or
benefit  under  this Plan shall be void.  No right or benefit hereunder shall in
any  manner  be  liable  for  or subject to the debts, contracts, liabilities or
torts  of  the  person  entitled  to  such  benefits.  If  the  Participant  or
Beneficiary becomes bankrupt, or attempts to anticipate, alienate, sell, assign,
pledge,  encumber,  or  change  any  right hereunder, then such right or benefit
shall,  in  the  discretion  of  the Committee, cease and terminate, and in such
event,  the  Committee  may  hold  or apply the same or any part thereof for the
benefit  of  the  Participant  or  Beneficiary,  spouse,  children,  or  other
dependents, or any of them in such manner and in such amounts and proportions as
the  Committee  may  deem  proper.

10.2     CONTRACTUAL  RIGHT  TO  BENEFITS  FUNDING.

          The  Plan creates and vests in each Participant a contractual right to
the  benefits  to which he is entitled hereunder, enforceable by the Participant
against  the Company.  The benefits to which a Participant is entitled under the
Plan shall be paid from the general assets of the Company or from the Trust that
may  be  established  or  maintained  to  provide  such  benefits.

          If  a  Trust is established and maintained, amounts deposited with the
Trustee  shall be held and disposed of in accordance with the terms of the Trust
Agreement  and  payments made under the terms of the Trust Agreement shall be in
satisfaction  of claims against the Company under the Plan.  Nothing in the Plan
or  Trust  Agreement shall relieve the Company of its liabilities to pay amounts
under  the  Plan except to the extent that such liabilities are met from the use
of  the  assets  held  in  Trust.

10.3     INDEMNIFICATION  AND  EXCULPATION.

          The  members  of  the  Committee  and  their agents, and the officers,
directors  and  employees of the Company and any Subsidiary shall be indemnified
and  held  harmless  by  the  Company  against  and from any and all loss, cost,
liability, or expense that may be imposed upon or reasonably incurred by them in
connection  with  or  resulting  from  any claim, action, suit, or proceeding to
which  they  may  be  a  party or in which they may be involved by reason of any
action  taken or failure to act under this Plan and against and from any and all
amounts paid by them in settlement (with the Company's written approval) or paid
by  them  in satisfaction of a judgment in any such action, suit, or proceeding.
The foregoing provision shall not be applicable to any person if the loss, cost,
liability,  or  expense  is  due  to  such  person's gross negligence or willful
misconduct.

10.4     NO  EMPLOYMENT  AGREEMENT.

          The  Plan  is  not  a contract of employment, and participation in the
Plan  shall not confer on any Employee the right to be retained in the employ of
the  Company  and/or  any  Subsidiary.

10.5     CLAIMS  FOR  BENEFITS.

          A  Participant or Beneficiary may claim any benefit to which he or she
is entitled under this Plan by a written notice to the Committee.  If a claim is
denied,  it  must be denied within a reasonable period of time, and be contained
in  a  written  notice  stating  the  following:

          (a)     The  specific  reason  for  the  denial.

          (b)     Specific  reference  to the Plan provision on which the denial
is  based.

          (c)     Description  of  additional  information  necessary  for  the
claimant  to  present his claim, if any, and an explanation of why such material
is  necessary.

          (d)     An  explanation  of  the  Plan's  claims  review  procedure.

          The  claimant  will  have  sixty  (60) days to request a review of the
denial by the Committee, which will provide a full and fair review.  The request
for  review  must  be  in  writing delivered to the Committee.  The claimant may
review  pertinent  documents,  and he may submit issues and comments in writing.
The  decision  by  the Committee with respect to the review must be given within
sixty  (60)  days  after  receipt  of  the request, unless special circumstances
require an extension (such as for a hearing).  In no event shall the decision be
delayed  beyond  one  hundred and twenty (120) days after receipt of the request
for  review.  The  decision  shall  be  written  in  a  manner  calculated to be
understood  by  the claimant, and it shall include specific reasons and refer to
specific  Plan  provisions  as  to  its  effect.

10.6     SUCCESSOR  TO  COMPANY.

          The Company shall require any successor or assignee, whether direct or
indirect,  by  purchase,  merger,  consolidation  or  otherwise,  to  all  or
substantially  all  the  business  or  assets  of  the  Company,  expressly  and
unconditionally  to  assume and agree to perform the Company's obligations under
this  Plan,  in the same manner and to the same extent that the Company would be
required  to  perform.  Accordingly,  this  Plan  and  the  related  Deferred
Compensation  Agreements  shall  be  binding  upon, and the term "Company" shall
include  any  successor  or  assignee  to the business or assets of the Company.

10.7     SEVERABILITY.

          In  the  event  any  provision  of  the  Plan shall be held invalid or
illegal  for  any  reason,  any  illegality  or  invalidity shall not affect the
remaining  parts of the Plan, but the Plan shall be construed and enforced as if
the  illegal or invalid provision had never been inserted, and the Company shall
have  the  privilege  and  opportunity  to  correct and remedy such questions of
illegality  or  invalidity  by  amendment  as  provided  in  the  Plan.

10.8     ENTIRE  PLAN.

          This  document and any amendments contain all the terms and provisions
of  the  Plan  and  shall constitute the entire Plan, any other alleged terms or
provisions  being  of  no  effect.

10.9     PAYEE  NOT  COMPETENT.

          In  the  event  that  the Committee shall find that the Participant is
unable to care for his affairs because of illness or accident, the Committee may
direct  that  any  benefit  payment  due  him, unless claim shall have been made
therefor  by  a  duly  appointed  legal representative, be paid to his spouse, a
child,  a  parent  or other blood relative, or to a person with whom he resides,
and any such payment so made shall be a complete discharge of the liabilities of
the  Plan  therefor.

10.10     TAX  WITHHOLDING.

          The  Company  shall  have  the right to deduct from each payment to be
made  under  the  Plan  any  required  withholding  taxes.

10.11     GOVERNING  LAW.

          This  Plan shall be construed and governed in accordance with the laws
of  the  state  of  Missouri  without  reference  to conflict of law principles.

          IN  WITNESS  WHEREOF,  the Company has caused this Plan to be properly
executed  on  the  30th  day  of  March,  2000.

     ENERGIZER  HOLDINGS,  INC.

     BY:  Peter J. Conrad

     ITS: Vice President, Human ResourcesApril 1, 2000

Name
Title
Company
Address
Address

Dear  ___:

The Energizer Corporation ("Company"), on behalf of itself, its subsidiaries and
its  stockholders,  and  any  successor or surviving entity, wishes to encourage
your  continued  service  and  dedication  in  the  performance  of your duties,
notwithstanding the possibility, threat or occurrence of a Change of Control (as
defined in Subsection I(i)) of the Company (as defined in Subsection I(k)).  The
Board  of Directors of the Company (the "Board") believes that the prospect of a
pending  or  threatened  Change  of  Control inevitably creates distractions and
personal  risks and uncertainties for its executives, and that it is in the best
interests  of  Company  and  its  stockholders  to minimize such distractions to
certain executives.  The Board further believes that it is in the best interests
of  the  Company  to  encourage its executives' full attention and dedication to
their  duties,  both  currently  and  in  the event of any threatened or pending
Change  of  Control.

Accordingly,  the Board has determined that appropriate steps should be taken to
reinforce  and  encourage  the  continued  retention  of  certain members of the
Company's  management,  including  yourself, and the attention and dedication of
management  to  their  assigned  duties  without  distraction  in  the  face  of
potentially disturbing circumstances arising from the possibility of a Change of
Control.

In  order to induce you, _________ ("Executive"), to remain in the employ of the
Company  and  in  consideration  of  your  continued service to the Company, the
Company  agrees  that  you  shall  receive the benefits set forth in this letter
agreement  (the  "Agreement") in the event that your employment with the Company
is  terminated  subsequent to a Change of Control in the circumstances described
herein.  For  purposes  of  this  Agreement,  references  to employment with the
Company shall include employment with a Subsidiary of the Company (as defined in
Subsection  I(w).

I.     Definitions.
       -----------

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

     (a)     AAA.  The  American  Arbitration  Association.
             ---

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

     (c)     Agreement.  The  meaning  of  this  term  is set forth in the third
             ---------
paragraph  of  this  Agreement.

     (d)     Agreement  Payments.  The  meaning  of  this  term  is set forth in
             -------------------
Subsection  IV(e).

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

     (f)     Board.  The  meaning  of  this  term  is  set  forth  in  the first
             -----
paragraph  of  this  Agreement.

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

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

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

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

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

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

          (iv)     the  stockholders  of  the Company approve a plan of complete
liquidation  or  dissolution  of  the  Company;  or

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

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

     (k)     Company.  The  meaning  of  this  term  is  set forth in Subsection
             -------
VI(a).

     (l)     Controlled  Group.  For  purposes  of  this  Agreement, "Controlled
             -----------------
Group"  shall  mean  the  Company  and  all  of  the  Company's  Subsidiaries.

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

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

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

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

     (q)     Good  Reason.  For  purposes of this Agreement, "Good Reason" shall
             ------------
mean  the  occurrence, without Executive's prior express written consent, of any
of  the  following  circumstances:

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

          (ii)     Any  diminution  in  the  status  or  responsibilities  of
Executive's  position from that which existed immediately prior to the Change of
Control,  whether  by reason of the Company ceasing to be a public company under
the  Exchange  Act,  becoming  a  subsidiary  of  a successor public company, or
otherwise;

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

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

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

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

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

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

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

     (r)     Notice  of  Termination.  The  meaning of this term is set forth in
             -----------------------
Subsection  III(d).

(s)     Payments.  The  meaning  of  this term is set forth in Subsection IV(e).
        --------

(t)     Reduced  Amount.  The  meaning  of  this term is set forth in Subsection
        ---------------
IV(e).

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

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

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

     (x)     Terminate(d) or Termination.  The meaning of this term is set forth
             ---------------------------
in  Subsection  III(c).

     (y)     Termination  Date.  For  purposes  of  this Agreement, "Termination
             -----------------
Date"  shall  mean:

          (i)     If Executive's employment is terminated for Disability, thirty
(30) calendar days after Notice of Termination is given (provided that Executive
shall  not  have  returned to the full-time performance of his/her duties during
such  thirty-day  period);  and

          (ii)     If  Executive's  employment  is  terminated for Cause or Good
Reason  or  for any reason other than death or Disability, the date specified in
the  Notice  of  Termination (which in the case of a termination for Cause shall
not  be less than thirty (30) calendar days and in the case of a termination for
Good Reason shall not be less than thirty (30) calendar days nor more than sixty
(60)  calendar  days,  respectively, from the date such Notice of Termination is
given).

II.     Term  of  Agreement.
        -------------------

     (a)     General.  Upon  execution  by  Executive,  this  Agreement  shall
             -------
commence  as  of April 1, 2000.  This Agreement shall continue in effect through
April  1,  2002;  provided, however, that commencing on April 1, 2002, and every
third  January  1  thereafter, the term of this Agreement shall automatically be
extended  for  two  (2)  additional  years  unless,  not  later than ninety (90)
calendar  days  prior  to  the  January  1  on  which  this  Agreement otherwise
automatically  would  be  extended,  the  Company  shall  have  given  notice to
Executive  that  it  does  not  wish to extend this Agreement; provided further,
however,  that if a Change of Control shall have occurred during the original or
any extended term of this Agreement, this Agreement shall continue in effect for
a  period  of  twenty-four  (24)  months beyond the month in which the Change of
Control  occurred.  The  term  of this Agreement automatically shall be extended
for  two  (2)  additional  years  from the date of any public announcement of an
event  that  would  constitute a Change of Control as defined in this Agreement;
provided,  however,  that  if any such announced event is not consummated within
that  two  (2)  year  period,  the original renewal term thereafter shall apply.

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

     (c)     Deemed  Change of Control.  If Executive's employment with Employer
             -------------------------
is  terminated  prior  to the date on which a Change of Control occurs, and such
termination  was at the request of a third party who has taken steps to effect a
Change  of  Control,  or otherwise was in connection with the Change of Control,
then  for all purposes of this Agreement, a Change of Control shall be deemed to
have  occurred  prior  to  such  termination.

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

III.     Benefits  Following  Change  of  Control.
         ----------------------------------------

     (a)     Accelerated  Vesting  in  All Equity.  If a Change of Control shall
             -------------------------------------
have  occurred, Executive shall be entitled to, immediately upon the date of the
Change  of  Control,  accelerated  vesting  of  all  unvested  stock options and
restricted  stock that have been granted or sold to the executive by the Company
under  any  restricted  terms,  such  that  following  said  acceleration,  all
restrictions  as  to  the  sale  and ownership of this equity, as imposed by the
company,  shall  have  lapsed.

     (b)     Prorated  Payout of Short Term Bonus.  If a Change of Control shall
             ------------------------------------
have  occurred, Executive shall be entitled to, immediately upon the date of the
Change  of Control, payment in full of Executive's prorated bonus for the fiscal
year  in which the Change of Control occurs.  The prorated bonus amount shall be
calculated  as  Executive's Target Bonus for the fiscal year in which the change
in  control  occurs divided by 365 and multiplied by the number of calendar days
in  said  year  immediately up to the day on which the Change of Control occurs.

     (c)     Entitlement  to  Benefits Upon Termination.  If a Change of Control
             ------------------------------------------
shall have occurred, Executive shall be entitled to, in addition to the benefits
described  in  Subsections  III(a)  and (b), the benefits provided in Section IV
hereof  upon  the  subsequent termination of his/her employment with the Company
within  two  (2)  years  after  the  date  of  the Change of Control unless such
termination  is (i) a result of Executive's death or Retirement, (ii) for Cause,
(iii)  a  result  of Executive's Disability, or (iv) by Executive other than for
Good  Reason.  For  purposes  of  this  Agreement,  "Termination"  shall  mean a
termination  of  Executive's  employment  that is not as a result of Executive's
death,  Retirement or Disability and (x) if by the Company, is not for Cause, or
(y)  if  by  Executive,  is  for  Good  Reason.

     (d)     Notice  of  Termination.  Any  purported termination of Executive's
             -----------------------
employment  by  either the Company or Executive shall be communicated by written
Notice of Termination to the other party hereto in accordance with Section VIII.
For  purposes  of this Agreement, a "Notice of Termination" shall mean a written
notice  that  indicates  the specific provision(s) of this Agreement relied upon
and  sets  forth  in  reasonable  detail  the facts and circumstances claimed to
provide a basis for termination of Executive's employment under the provision(s)
so  indicated.  If Executive's employment shall be terminated by the Company for
Cause  or  by  Executive  for  other  than  Good  Reason,  the Company shall pay
Executive  his/her  full  base salary through the Termination Date at the salary
level  in  effect  at  the time Notice of Termination is given and shall pay any
amounts  to  be paid to Executive pursuant to any other compensation or stock or
stock  option plan(s), program(s) or employment agreement(s) then in effect, and
the Company shall have no further obligations to Executive under this Agreement.

If  within  thirty  (30) calendar days after any Notice of Termination is given,
the  party  receiving such Notice of Termination notifies the other party that a
dispute exists concerning the grounds for termination, then, notwithstanding the
meaning of "Termination Date" set forth in Subsection I(y), the Termination Date
shall  be  the  date on which the dispute is finally resolved, whether by mutual
written  agreement  of the parties or by a decision rendered pursuant to Section
XI;  provided that the Termination Date shall be extended by a notice of dispute
only  if  such  notice  is  given in good faith and the party giving such notice
pursues  the  resolution  of  such  dispute  with  reasonable  diligence.
Notwithstanding  the  pendency of any such dispute, the Company will continue to
pay  Executive  his/her  full  compensation  including, without limitation, base
salary, bonus, incentive pay and equity grants, in effect when the notice of the
dispute  was given, and continue Executive's participation in all benefits plans
or  other  perquisites  in which Executive was participating, or which Executive
was  enjoying,  when  the  Notice  of Termination giving rise to the dispute was
given,  until  the  dispute  is  finally  resolved.  Amounts  paid  under  this
Subsection III(c) are in addition to and not in lieu of all other amounts due to
Executive  under  this  Agreement  and shall not be offset against or reduce any
other  amounts  due  to  Executive  under  this  Agreement.

IV.     Compensation  Upon  a  Termination.
        ----------------------------------

Following  a Change of Control, upon Executive's Termination, Executive shall be
entitled to the following benefits, provided that such Termination occurs during
the two (2) year period immediately following the date of the Change of Control:

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

     (b)     Additional  Benefits.  The  Company  shall  pay  to  Executive  as
             --------------------
additional  pay ("Additional Pay"), the product of two (2) multiplied by the sum
of  (x)  the greater of (i) Executive's annual base salary in effect immediately
prior  to the Termination Date, or (ii) Executive's annual base salary in effect
as  of the Change of Control Date, and (y) Executive's annual bonus amount under
any  short-term  incentive  plan(s)  or  program(s)  in  which  Executive  is  a
participant  as  of  the Termination Date.  The Company shall pay the Additional
Pay  to  Executive in a lump sum, in cash, not later than the fifteenth calendar
day  following  the Termination Date.  The Company shall maintain for Executive,
all  such perquisites and fringe benefits enjoyed by Executive immediately prior
to  the  Termination  Date  as  are  approved  in writing by the Company's Chief
Executive  Officer  for  such  period  as  is  specified  in  such  writing.

     (c)     Retirement  Plan  Benefits.  If not already vested, Executive shall
             --------------------------
be  deemed  fully  vested  as  of the Termination Date in any Company retirement
plan(s) or other written agreement(s) between Executive and the Company relating
to  pay  or other benefits upon retirement in which Executive was a participant,
party  or  beneficiary  immediately  prior  to  the  Change  of Control, and any
additional plan(s) or agreement(s) in which such Executive became a participant,
party  or beneficiary thereafter.  In addition to the foregoing, for purposes of
determining  the  amounts  to  be  paid  to  Executive  under  such  plan(s)  or
agreement(s),  the  years  of  service with the Company and the age of Executive
under  all  such  plans  and agreements shall be deemed increased by twenty-four
months  (24).  For  purposes  of  this  Subsection  IV(c),  the  term  "plan(s)"
includes,  without  limitation,  the  Company's  qualified  pension  plan,
non-qualified  pension  plans,  and any companion, successor or amended plan(s),
and  the  term  "agreement(s)" encompasses, without limitation, the terms of any
offer  letter(s)  leading  to  Executive's  employment  with  the  Company where
Executive was a signatory thereto, any written amendment(s) to the foregoing and
any  subsequent agreements on such matters.  In the event the terms of the plans
referenced  in  this  Subsection  IV(c)  do not for any reason coincide with the
provisions  of  this  Subsection  IV(c)  (e.g.,  if  plan amendments would cause
disqualification  of  qualified  plans),  Executive shall be entitled to receive
from  the  Company  under  the  terms  of  this Agreement an amount equal to all
amounts Executive would have received, at the time Executive would have received
such amounts, had all such plans continued in existence as in effect on the date
of  this  Agreement  after  being  amended  to  coincide  with the terms of this
Subsection  IV(c).

     (d)     Health  and  Other  Benefits.  Following  the Termination Date, the
             ----------------------------
Company  shall  continue  to  provide,  for a period of twenty-four months (24),
substantially  the same level of health, vision and dental benefits to Executive
and  Executive's eligible dependents that the Company would provide to Executive
and Executive's eligible dependents if Executive were first eligible for retiree
health,  vision  and dental benefits immediately prior to the Change of Control.
The  eligibility  of  Executive's dependents shall be determined by the terms of
any  retiree  health,  vision and dental benefit plan(s) or program(s) in effect
immediately  prior  to  the  Change  of  Control.

     (e)     Excess  Parachute  Payment.  Anything  in  this  Agreement  to  the
             --------------------------
contrary  notwithstanding,  in  the  event  that an independent accountant shall
determine  that any payment or distribution by the Company to or for the benefit
of  Executive  (whether paid or payable or distributed or distributable pursuant
to  the  terms  of  this  Agreement  or  otherwise)  (a  "Payment")  would  be
nondeductible  by  the  Company  for Federal income tax purposes because of Code
Section  280G  or  would constitute an "excess parachute payment" (as defined in
Code  Section  280G),  then  the  aggregate  present value of amounts payable or
distributable  to  or  for  the  benefit of Executive pursuant to this Agreement
(such  payments  or  distributions  pursuant  to  this Agreement are hereinafter
referred  to  as  "Agreement Payments") shall be reduced (but not below zero) to
the  Reduced Amount.  For purposes of this paragraph, the "Reduced Amount" shall
be  an  amount  expressed in present value which maximizes the aggregate present
value  of  Agreement Payments without causing any Payment to be nondeductible by
the  Company  because of Code Section 280G or without causing any portion of the
Payment  to  be  subject  to  the  excise  tax  imposed  by  Code  Section 4999.

If the independent accountant determines that any Payment would be nondeductible
by  the  Company because of Code Section 280G or that any portion of the Payment
will  be  subject  to  the  excise tax imposed by Code Section 4999, the Company
shall  promptly  give Executive notice to that effect and a copy of the detailed
calculation  thereof  and  of  the Reduced Amount.  Executive may then elect, in
Executive's  sole discretion, which and how much of the Agreement Payments shall
be  eliminated  or reduced (as long as after such election the aggregate present
value of the Agreement Payments equals the Reduced Amount), and shall advise the
Company  in writing of such election within ten (10) days of Executive's receipt
of  such  notice.  If  no such election is made by Executive within such ten-day
period, the Company may elect which and how much of the Agreement Payments shall
be  eliminated  or reduced (as long as after such election the aggregate present
value  of  the  Agreement  Payments  equals the Reduced Amount) and shall notify
Executive  promptly  of  such election.  For purposes of this paragraph, present
value  shall  be  determined  in  accordance  with Code Section 280G(d)(4).  All
determinations  made  by  the independent accountant under this Section shall be
binding  upon the Company and Executive and shall be made within sixty (60) days
of  a  termination  of  employment  of  Executive.  As  promptly  as practicable
following  such determination and the elections hereunder, the Company shall pay
to or distribute to or for the benefit of Executive such amounts as are then due
to  Executive  under  this Agreement and shall promptly pay to or distribute for
the  benefit  of Executive in the future such amounts as become due to Executive
under  this  Agreement.

As a result of the uncertainty in the application of Code Sections 280G and 4999
at  the  time  of  the  initial  determination  by  the  independent  accountant
hereunder,  it  is  possible that Agreement Payments will be made by the Company
which  should  not  have  been made ("Overpayment") or that additional Agreement
Payments  which  have  not  been  made  by  the  Company  should  have been made
("Underpayment"),  in  each case, consistent with the calculation of the Reduced
Amount  hereunder.  In the event that the independent accountant, based upon the
assertion of a deficiency by the Internal Revenue Service against the Company or
Executive,  which  the independent accountant believes has a high probability of
success,  determines  that  an  Overpayment  has been made, any such Overpayment
shall  be  treated for all purposes as a loan to Executive which Executive shall
repay  to  the  Company  together  with  interest at the applicable Federal rate
provided  for  in  Code Section 7872(f)(2)(A); provided, however, that no amount
shall  be  payable by Executive to the Company if and to the extent such payment
would not reduce the amount which is subject to taxation under Code Section 4999
or  if  the  period of limitations for assessment of tax under Code Section 4999
against  Executive  shall  have  expired.  In  the  event  that  the independent
accountant,  based  upon  controlling precedent, determines that an Underpayment
has  occurred, any such Underpayment shall be promptly paid by the Company to or
for  the  benefit  of Executive together with interest at the applicable Federal
rate  provided  for  in  Code  Section  7872(f)(2)(A).

     (f)     Legal  Fees  and  Expenses.  The Company shall pay to Executive all
             --------------------------
legal  fees  and  expenses  as and when incurred by Executive in connection with
this  Agreement,  including  all  such  fees  and  expenses, if any, incurred in
contesting  or  disputing any Termination or in seeking to obtain or enforce any
right  or benefit provided by this Agreement, regardless of the outcome, unless,
in the case of a legal action brought by or in the name of Executive, a decision
is  rendered  pursuant  to  Section XI, or in any other proper legal proceeding,
that  such  action  was  not  brought  by  Executive  in  good  faith.

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

V.     Death  and  Disability  Benefits.
       --------------------------------

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

VI.     Successors;  Binding  Agreement.
        -------------------------------

     (a)     Obligations  of Successors.  The Company will require any successor
             --------------------------
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all  or  substantially  all  of  the  business  and/or  assets of the Company to
expressly  assume  and agree to perform this Agreement in the same manner and to
the  same  extent  that  the  Company is required to perform it.  Failure of the
Company  to  obtain  such assumption and agreement prior to the effectiveness of
any  such  succession  shall  be  a  breach  of this Agreement and shall entitle
Executive  to  compensation  from the Company in the same amount and on the same
terms  as  Executive  would  be  entitled  hereunder if Executive had terminated
employment  for  Good  Reason  following  a  Change  of Control, except that for
purposes  of  implementing  the foregoing, the date on which any such succession
becomes  effective  shall  be  deemed  the  Termination  Date.  As  used in this
Agreement, the term "Company" shall mean Company, including any surviving entity
or  successor  to all or substantially all of its business and/or assets and the
parent  of  any  such  surviving  entity  or  successor.

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

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

VII.     Confidential  Information.
         -------------------------

Executive  shall  hold  in fiduciary capacity for the benefit of the Company all
secret  or  confidential information, knowledge or data relating to the Company,
the Subsidiaries and their respective businesses, which shall have been obtained
during  Executive's  employment  with the Employer and which shall not be public
knowledge  (other  than  by  acts  by  Executive  or  his/her representatives in
violation  of this Agreement).  After termination of Executive's employment with
the  Company  or  any Employer within the Controlled Group, Executive shall not,
without  prior  written  consent  of the Company or the Employer, communicate or
divulge  any  such  information,  knowledge  or  data  to  anyone other than the
Company,  the  Employer  or  those  designated  by  them.  In  no event shall an
asserted  violation  of  this  Section  VII  constitute a basis for deferring or
withholding  any  amounts  otherwise  payable to Executive under this Agreement.

VIII.     Notice.
          ------

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

If  to  Executive:

     Name
Title
Company
Address
Address

If  to  the  Company:

Energizer  Holdings,  Inc.
800  Chouteau
St.  Louis,  MO  63102
Attn:  Harry  L.  Strachan

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

IX.     Miscellaneous.
        -------------

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

X.     Validity.
       --------

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

XI.     Arbitration.
        -----------

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

If  this  letter  sets  forth our agreement on the subject matter hereof, kindly
sign  both  originals of this letter and return to the Vice President - Law, one
of  the  fully  executed originals of this letter which will then constitute our
Agreement  on  this  subject.

Sincerely,

Energizer  Holdings,  Inc.

By:___________________________________
     Name
     Chairman/President/Chief  Executive  Officer

______________________________________
Employee

                                  Schedule of Recipients

1.  Mr. Mulcahy
2.  Mr. Mannix
3.  Mr. Rose
4.  Mr. McClanathan
5.  Mr. Klein
6.  Mr. Gunawardana
7.  Mr. Plana
8.  Mr. Hatfield
9.  Mr. Tisone
10. Mr. Sanborn
11. Mr. Corbin
12. Mr. Conrad
13. Mr. Strachan
14. Mr. Zimmerman
15. Mr. Fox
16. Mr. Schafale
17. Mr. Grosch

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]