Document:

EX-10.1

 Exhibit 10.1 

FORM OF 
 TRANSITION
SERVICES AGREEMENT 
 This TRANSITION SERVICES AGREEMENT, dated as of [•], 2022 (this “Agreement”), is by and
between Fortune Brands Home & Security, Inc., a Delaware corporation (“Fortune Brands”), and MasterBrand, Inc., a Delaware corporation (“Cabinets”). 

W I T N E S S E T H 
 WHEREAS,
subject to the terms and conditions of that certain Separation and Distribution Agreement, dated as of [•], 2022 (the “Separation and Distribution Agreement”), by and between Fortune Brands and Cabinets, Fortune Brands has
agreed to distribute to holders of shares of Fortune Brands common stock, par value $0.01 per share, all of the outstanding shares of Cabinets’ common stock, par value $0.01 per share, owned by Fortune Brands as of the Distribution Date (as
defined in the Separation and Distribution Agreement); and 
 WHEREAS, following such distribution, each party has agreed to provide (in
such capacity, a “Provider”) to the other party (in such capacity, a “Recipient”), certain transition services in connection with the operation of its and their businesses after the Distribution Date, subject to the
terms and conditions of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements and covenants set
forth herein, the parties hereto hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

SECTION 1.1 Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to
such terms in the Separation and Distribution Agreement. For purposes of this Agreement, the following terms shall have the following meanings and shall be equally applicable to the singular and plural forms: 

(a) “Business Day” means any calendar day that is not a Saturday, Sunday or legal holiday in New York City. 

(b) “Provider Parties” means Provider and its Subsidiaries (including those formed or acquired after the date hereof),
other than the Recipient Parties. 
 (c) “Recipient Business” means where (i) Fortune Brands is Recipient, the
Fortune Brands Business and (ii) Cabinets is Recipient, the Cabinets Business. 
 (d) “Recipient Parties” means
Recipient, any Subsidiary of Recipient (including those formed or acquired after the date hereof), and solely in the case of Cabinets, the Transferred Subsidiaries. 

 SECTION 1.2 Interpretation. The headings of Sections contained in this
Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of or to affect the meaning or interpretation of this Agreement. In this Agreement: (a) the words “include,” “includes” and
“including” shall be deemed to be followed by the words “without limitation;” (b) the word “or” is not exclusive; and (c) the words “herein,” “hereunder,” “hereof,” “hereto”
and words of similar import shall be deemed to be references to this Agreement as a whole and not to any particular Section or other provision hereof. Unless the context clearly indicates otherwise: (i) words used in the singular include the
plural and words used in the plural include the singular; (ii) reference to any Section or Schedule means such Section of, or such Schedule to, this Agreement, as the case may be; and (iii) reference to any agreement, instrument or other
document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement. This Agreement shall be construed without regard to any
presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. 

ARTICLE II 
 SERVICES

 SECTION 2.1 Provision of Services. 

(a) Subject to the terms and conditions of this Agreement, Provider shall provide, or cause to be provided, to the Recipient Parties, solely
for the benefit of the Recipient Business in the ordinary course of business, the services described on Schedule A (the “Services”), the terms of which are incorporated herein by reference. No Recipient Party shall resell,
subcontract, license, sublicense or otherwise transfer any of the Services to any Person whatsoever or permit use of any of the Services by any Person other than by the Recipient Parties directly in connection with the conduct of the Recipient
Business in the ordinary course of business. Provider shall exercise reasonable care to ensure that the manner in which it performs or provides the Services does not have any adverse effect on the name, trading image, goodwill or business of any
Recipient Party. 
 SECTION 2.2 Additional Services. If, following the Distribution Date, it shall come to the
attention of Recipient that any service or facility provided by any Provider Party prior to the Distribution Date to or for any Recipient Party and not covered hereby is not being performed or made available after the Distribution Date and Recipient
considers that the relevant service or facility is necessary or desirable for the effective operation of the Recipient Business, it may notify Provider giving full details of the relevant service or facility, and Provider and Recipient shall
cooperate and negotiate in good faith to the extent reasonably practicable with a view to such service or facility being provided on reasonable commercial terms. 

SECTION 2.3 Standard of Performance; Priority. 

(a) Provider shall use commercially reasonable efforts to provide, or cause to be provided, to the Recipient Parties, each Service in a manner
generally consistent with the manner and level of care with which such Service was provided to the Recipient Parties immediately prior to the Distribution Date (or, with respect to any Service not provided by any Provider Party

  
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to any Recipient Party prior to the Distribution Date, generally consistent with the manner and level of care with which such Service is performed by any Provider Party on behalf of any other
Provider Party), unless otherwise specified in this Agreement or Schedule A. Notwithstanding the foregoing, Provider shall have no obligation hereunder to provide to any Recipient Party (i) any improvements, upgrades, updates,
substitutions, modifications or enhancements to any of the Services unless otherwise specified on Schedule A or (ii) any Service to the extent that the need for such Service arises, directly or indirectly, from the acquisition by any
Recipient Party, outside the ordinary course of business, of any assets of, or any equity interest in, any Person. 
 (b) Provider shall use
commercially reasonable efforts not to establish priorities in favor of the Provider Parties, on the one hand, and to the detriment of the Recipient Parties, on the other hand, as to the provision of any Service solely based on the fact that the
Recipient Parties are no longer affiliated with Provider, and Provider shall use commercially reasonable efforts to provide the Services, or cause the Services to be provided, within a time frame so as not to materially disrupt the Recipient
Business. Notwithstanding the foregoing, Recipient acknowledges and agrees that one or more of the Provider Parties may be providing to other Provider Parties services similar to the Services provided hereunder, or services that involve the same
resources as those used to provide the Services, and that Provider shall have the right to establish reasonable priorities as between the Provider Parties, on the one hand, and the Recipient Parties, on the other hand, as to the provision of any
Service if Provider determines that such priorities are necessary to avoid any adverse effect on any of the Provider Parties. If any such priorities are established, Provider shall notify Recipient as soon as reasonably practicable of any Services
that will be delayed as a result of such prioritization and will use commercially reasonable efforts to minimize the duration and impact of such delays. 

(c) Unless otherwise specifically set forth on Schedule A, the Recipient Parties’ use of the Services shall be consistent with past
practice. 
 (d) Notwithstanding anything to the contrary contained herein, in no event shall any Service include (i) any service that
would be or otherwise becomes unlawful for Provider to provide or (ii) the exercise of business judgment or general management for any Recipient Party. 

SECTION 2.4 Provider Employees Performing Services. Notwithstanding anything to the contrary contained in
Section 2.1 (but subject to the last sentence of this Section 2.4), Provider shall have the exclusive right to select, employ, pay, supervise, administer, direct and discharge any of its employees
who perform the Services. Provider shall be responsible for paying such employees’ compensation and providing to such employees any benefits. With respect to each Service, Provider shall use commercially reasonable efforts to have qualified
individuals participate in the provision of such Service; provided, however, that (a) Provider shall not be obligated to have any individual participate in the provision of any Service if Provider determines that such
participation would adversely affect any Provider Party and (b) no Provider Party shall be required to continue to employ any particular individual during the applicable Service Period. 

SECTION 2.5 Compliance with Law. Each party hereto shall, and shall cause each of its Affiliates to, comply with all
applicable laws, rules, ordinances and regulations of any governmental entity or regulatory agency governing the Services to be provided hereunder. Neither party hereto shall take, or permit any of its Affiliates to take, any action in violation of
any applicable law, rule, ordinance or regulation that could result in liability being imposed on the other party hereto or any of such other party’s Affiliates. 

  
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 SECTION 2.6 Temporary Nature of Services. Recipient acknowledges that
the purpose of this Agreement is to enable it to receive the Services on an interim basis. Accordingly, at all times from and after the Distribution Date, Recipient shall use commercially reasonable efforts to (a) make or obtain, or cause to be
made or obtained, any filings, registrations, approvals, permits or licenses; (b) implement, or cause to be implemented, any systems; (c) purchase, or cause to be purchased, any equipment; and (d) take, or cause to be taken, any and
all other actions, in each case necessary or advisable to enable Recipient or an Affiliate thereof to provide the Services for the relevant Recipient Parties as soon as reasonably practicable, and in any event prior to the expiration of the relevant
Service Periods. For the avoidance of doubt, Recipient acknowledges and agrees that Provider shall not be required to provide any Service for a period longer than the applicable Service Period unless otherwise agreed by the parties in writing. 

ARTICLE III 
 FEES AND
PAYMENTS 
 SECTION 3.1 Fees for the Services. 

(a) As compensation for the Services, Recipient shall pay Provider, in accordance with this Agreement, all amounts as set forth on Schedule
A and in Section 3.1(b). Except as otherwise provided in this Agreement, the amount of any monthly fee shall be prorated if the corresponding Services were provided for only a portion of a given month. 

(b) In addition to the compensation set forth on Schedule A, Provider shall be entitled to reimbursement at actual cost without markup
for reasonable and customary out-of-pocket expenses incurred in connection with the performance of the Services pursuant to this Agreement. 

SECTION 3.2 Invoices. 

(a) Provider shall submit statements of account to Recipient within ten (10) days after the end of each month with respect to all amounts
payable by Recipient to Provider hereunder (the “Invoiced Amount”), setting out the Services provided by reference to Schedule A and the amount billed to Recipient as a result of providing such Services (together with, in
arrears, any Commingled Invoice Statements (as defined below) and any other invoices for Services provided by third parties, in each case setting out the Services provided by the applicable third parties by reference to Schedule A). 

(b) Provider may cause any third-party service provider to which amounts are payable by or for the account of Recipient in connection with the
Services to issue a separate invoice to Recipient for such amounts. Recipient shall pay or cause to be paid any such separate third-party invoice in accordance with the payment terms thereof. Any third-party invoices that aggregate Services for the
benefit of the Recipient Parties, on the one hand, with services not for the benefit of the Recipient Parties, on the other hand (each, a “Commingled Invoice”), shall be 

  
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separated by Provider. Provider shall prepare a statement indicating that portion of the invoiced amount of such Commingled Invoice that is attributable to Services rendered for the benefit of
the Recipient Parties (the “Commingled Invoice Statement”). As promptly as practicable after the preparation thereof, Provider shall deliver such Commingled Invoice Statement and a copy of the Commingled Invoice to Recipient.
Provider shall not be required to use its own funds for payments to any third-party service provider providing any of the Services or to satisfy any payment obligation of any Recipient Party to any third-party service provider; provided,
however, that if Provider does use its own funds for any such payments to any third-party service provider, Recipient shall reimburse Provider for such payments as invoiced by Provider within thirty (30) days following the date of
delivery of such invoice from Provider. 
 SECTION 3.3 Invoice Disputes. In the event that Recipient in good faith
disputes an invoice submitted by Provider, Recipient may withhold payment of any amount subject to the dispute; provided, however, that (a) Recipient will continue to pay all undisputed amounts in accordance with the terms hereof
and (b) Recipient will notify Provider, in writing, of any disputed amounts and the reason for any dispute by the due date for payment of the invoice containing any disputed amounts. In the event of a dispute regarding the amount of any
invoice, or portion thereof, the parties hereto will use reasonable efforts to resolve such dispute within thirty (30) days after Recipient delivers written notification of such dispute to Provider. Each party hereto will provide full
supporting documentation concerning any disputed amount or invoice within thirty (30) days after Recipient delivers written notification of the dispute. Unpaid fees that are under good faith dispute will not be considered a basis for default
hereunder. To the extent that a dispute regarding the amount of any invoice cannot be resolved pursuant to this Section 3.3, the dispute resolution procedures set forth in Section 7.1 shall apply.

 SECTION 3.4 Time of Payment. 

(a) Subject to Section 3.4(b), Recipient shall pay the Invoiced Amount to Provider in United States dollars by wire
transfer of immediately available funds to an account specified by Provider in the relevant invoice, or in such other manner as specified by Provider in writing, within thirty (30) days after the date of delivery to Recipient of the applicable
statement of account; provided, however, that if Recipient, in good faith and upon reasonable grounds disputes any invoiced item in accordance with Section 3.3, payment of such item may be made after
resolution of such dispute. 
 (b) Unless Provider and Recipient otherwise agree in writing, where Services are provided to a Recipient Party
outside of the United States by a Person located in the same country, amounts shall be billed and paid in the local currency of the entity providing the Services. Unless Provider and Recipient otherwise agree in writing, if payments are to be made
between legal entities not within the same country, such amounts shall be billed and paid in United States dollars. To the extent necessary, local currency conversion shall be based on Provider’s internal exchange rate for the then-current
month. 
 (c) If Recipient does not make any payment required under the provisions of this Agreement to Provider when due in accordance with
the terms hereof, Provider shall, at its option, charge Recipient interest on the unpaid amount at the prime rate charged by JPMorgan Chase Bank, N.A. (or its successor). In addition, Recipient shall reimburse Provider for all costs of collection of
overdue amounts, including any reimbursement required under Section 3.2(b) and any reasonable attorneys’ fees. 

  
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 (d) Recipient shall, within thirty (30) days after the date of delivery to Recipient of
any Commingled Invoice Statement, pay or cause to be paid the amount set forth on such Commingled Invoice Statement to the third-party service provider and shall concurrently deliver evidence of such payment to Provider. Recipient acknowledges and
agrees that it shall be responsible for any interest or other amounts in respect of any portion of any Commingled Invoice that Recipient is required to pay pursuant to any Commingled Invoice Statement to the extent such interest or other amounts are
attributable to Recipient’s failure to pay any such Commingled Invoice Statement in accordance with this Section 3.4(d). 

SECTION 3.5 Taxes. Any amounts payable under this Agreement are exclusive of any goods and services taxes, value added
taxes, sales taxes or similar taxes (collectively, “Sales Taxes”) now or hereinafter imposed on the performance or delivery of Services, and an amount equal to such Sales Taxes so chargeable shall, subject to receipt of a valid
receipt or invoice as required below in this Section 3.5, be paid by Recipient to Provider in addition to the amounts otherwise payable under this Agreement. In each case where an amount in respect of Sales Tax is payable
by Recipient in respect of a Service provided by any Provider Party, Provider shall furnish in a timely manner a valid Sales Tax receipt or invoice to Recipient in the form and manner required by applicable law to allow Recipient to recover such
Sales Tax to the extent allowable under such law. The parties hereto shall use commercially reasonable efforts to cooperate to minimize any Sales Tax payable with respect to the Services. 

ARTICLE IV 
 TERM AND
TERMINATION 
 SECTION 4.1 Term. The performance of the Services shall commence on the Distribution Date and shall
continue with respect to each Service until the relevant date set forth on Schedule A with respect to such Service (each, a “Service Period”), unless such period is earlier terminated in accordance with the terms hereof. 

SECTION 4.2 Termination by Recipient. 

(a) Recipient will have no obligation to continue to use any of the Services and, except as otherwise specified on Schedule A, Recipient
may terminate any Service by giving Provider at least thirty (30) days’ prior notice of Recipient’s desire to terminate such Service. To the extent possible, Recipient will give such notice at the beginning of a month to terminate the
Service as of the beginning of the next month to avoid the need to prorate any monthly payment charges. As soon as reasonably practicable following receipt of any such notice, Provider will advise Recipient in writing as to whether termination of
such Service will (i) require the termination or partial termination of, or otherwise affect the provision of, any other Services or (ii) result in any early termination costs (which will be limited to third-party costs that Provider
actually incurs). If either will be the case, Recipient may withdraw its termination notice within five (5) Business Days after the receipt of such notice from Provider. If Recipient does not withdraw the termination notice within such period,
such termination will be final. Upon such termination, Recipient’s obligation to pay for such Service(s) will terminate, and Provider will 

  
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cease, or cause its Affiliates or third-party service providers to cease, providing the terminated Service(s); provided, however, that Recipient shall reimburse Provider for the
reasonable termination costs actually incurred by Provider resulting from Recipient’s early termination of such Services that are owed to third-party service providers. Provider shall use commercially reasonable efforts to mitigate such
termination costs. 
 (b) Recipient may terminate this Agreement as of the end of any month provided that (i) Recipient has given
Provider at least thirty (30) days prior notice and (ii) Recipient reimburses Provider for any reasonable out-of-pocket expenses or costs actually incurred by
Provider due to such termination. 
 SECTION 4.3 Termination for Breach. Either party hereto shall have, in addition to
any other rights and remedies such party may have, the right to terminate this Agreement on thirty (30) days’ prior notice to the other party hereto, if such other party shall have materially breached or defaulted in the performance of any
provision of this Agreement; provided, however, that if it is possible for such breach or default to be cured and the party receiving such notice of termination shall cure such breach or default within thirty (30) days after
receipt of such notice, then this Agreement shall continue in full force and effect and provided further that such termination shall only apply to those Services in respect of which the defaulting Party is in material breach and shall
be without prejudice to the provision or receipt of all other Services, which shall remain in full force and effect notwithstanding such termination. 

SECTION 4.4 Termination for Insolvency. Either party hereto shall have the right, notwithstanding any other provisions of
this Agreement, and in addition to any other rights and remedies such party may have, to terminate this Agreement forthwith and at any time upon notice to the other party hereto if: (a) the other party hereto becomes insolvent; (b) the
other party hereto files a petition in bankruptcy or insolvency; (c) the other party hereto is adjudicated bankrupt or insolvent; (d) the other party hereto files any petition or answer seeking reorganization, readjustment or arrangement
of such other party’s business under any law relating to bankruptcy or insolvency; (e) a receiver, trustee or liquidator is appointed for any of the property of the other party hereto and within sixty (60) days thereof such other
party fails to secure a dismissal thereof; (f) the other party hereto makes any assignment for the benefit of creditors; or (g) there is a government expropriation of any material portion of the assets of the other party hereto. 

SECTION 4.5 Effect of Expiration or Earlier Termination. 

(a) In any event, no expiration or earlier termination of this Agreement shall prejudice the right of either party hereto to recover any
payment due at the time of termination, cancelation or expiration (or any payment accruing as a result thereof), nor shall it prejudice any cause of action or claim of either party hereto accrued or to accrue by reason of any breach or default by
the other party hereto. Upon expiration or termination of this Agreement, (i) Recipient shall immediately cease use of all Services and (ii) each party will return or destroy the Confidential Information of the other party. 

  
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 (b) Survival. Notwithstanding anything to the contrary contained herein,
Section 4.5, Section 5.2, Article III, Article VI and Article VII of this Agreement shall survive the expiration or earlier termination of this Agreement. 

ARTICLE V 
 COOPERATION
AND CONFIDENTIALITY, INTELLECTUAL PROPERTY 
 SECTION 5.1 Cooperation; Access. 

(a) Recipient shall, and shall cause each of the Recipient Parties to, permit Provider and its Representatives access, on Business Days during
hours that constitute regular business hours for Recipient and upon reasonable prior request, to the premises of the Recipient Parties and such data, books, records and personnel designated by Recipient and the Recipient Parties as involved in
receiving or overseeing the Services as Provider may reasonably request for the purposes of providing the Services. Provider shall provide Recipient, upon reasonable prior notice, such documentation relating to the provision of the Services as
Recipient may reasonably request for the purposes of confirming any Invoiced Amount or other amount payable pursuant to any Commingled Invoice Statement or otherwise pursuant to this Agreement. Any documentation so provided to Provider pursuant to
this Section 5.1(a) shall be subject to the confidentiality obligations set forth in Section 5.2. 

(b) Provider shall provide the Recipient Parties with such advice, assistance and information in connection with the performance of the
Services as Recipient may from time to time reasonably require. Provider and Recipient shall also liaise as appropriate to ensure that the Services are carried out in accordance with the provisions of Schedule A, and where reasonably
practicable Provider shall comply with any instructions that Recipient shall reasonably issue from time to time concerning the manner in which the Services shall be provided to the Recipient Parties. 

(c) Recipient and Provider shall keep each other informed of any special requirements applicable to the carrying out of the Services. To the
extent reasonably necessary and appropriate, Provider shall promptly take steps where reasonably practicable to comply with such special requirements. If these steps shall result in any increase or reduction in the actual cost to Provider of
providing the relevant Services, then the fees payable pursuant to Section 3.1 shall be increased or reduced by Provider accordingly. 

SECTION 5.2 Confidentiality. 

(a) Each party hereto shall treat in confidence all documents, materials and other information that it shall have obtained regarding the other
party and any of its Subsidiaries (and in the case of Recipient, including Transferred Subsidiaries), during the course of the performance of this Agreement and the transactions contemplated by this Agreement (“Confidential
Information”). Confidential Information of a party hereto shall not be communicated by the other party hereto to any third party (other than such other party’s Representatives who have a need to know such Confidential Information).
Each party hereto shall not, and shall cause any other Person to whom it discloses Confidential Information of the other party to not, use or disclose such Confidential Information except for the purpose of exercising its rights and performing its
obligations set forth in this Agreement. Each party hereto shall be responsible for any breach of this Section 5.2 by any of its Representatives to whom it has disclosed Confidential Information of the other party. 

  
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 (b) The obligation of each party hereto with respect to the Confidential Information of the
other party hereto shall not apply to any documents, materials or other information that: 
 (i) is on the date hereof in such party’s
possession; provided that such documents, materials or other information is not known to such party to be subject to another confidentiality agreement with, or other obligation of secrecy to, the other party or any other Person and such
documents, materials or other information may be disclosed pursuant to the Separation and Distribution Agreement; 
 (ii) is on the date
hereof or hereafter becomes available to the public other than as a result of a disclosure, directly or indirectly, by such party or Persons to whom such party provides or provided such Confidential Information; 

(iii) is on the date hereof or hereafter becomes available to such party on a non-confidential basis
from a source other than the other party or any of the other party’s affiliates’ or Representatives provided that (a) such source is not known by the receiving party (after due inquiry) to be subject to a confidentiality
agreement with, or other obligation of secrecy to, the disclosing party or any third party, and (b) such documents, materials or other information may be disclosed pursuant to the Separation and Distribution Agreement; or 

(iv) can be shown by such party to have been independently developed by such party without access to or use of such documents, materials or
other information and such documents, materials or other information may otherwise be disclosed pursuant to the Separation and Distribution Agreement. 

(c) The foregoing confidentiality and nondisclosure obligations shall not apply to the extent any Confidential Information of a party hereto is
required to be disclosed by applicable law or regulatory body; provided that, in such event, the party required to disclose such information provides the other party hereto with prompt advance notice of such required disclosure (to the extent
permitted by applicable law) so that such other party shall have the opportunity, if it so desires, to seek a protective order or other appropriate remedy. If such appropriate protective order or other remedy is not obtained within a reasonable
period of time, the party that is required to disclose Confidential Information of the other party hereto shall furnish, or cause to be furnished, only that portion of the Confidential Information that is legally required or requested to be
disclosed and shall use commercially reasonable efforts to ensure that confidential treatment is accorded such Confidential Information. 

SECTION 5.3 Intellectual Property. Recipient grants to the Provider Parties a limited,
non-exclusive, fully paid-up, nontransferable, revocable license, without the right to sublicense, for the term of this Agreement to use all intellectual property owned
by or, to the extent permitted by the applicable license, licensed to Recipient or any other Recipient Parties solely to the extent necessary for the Provider Parties to perform the Services. All rights not granted herein are reserved. 

  
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 ARTICLE VI 

LIMITATION OF LIABILITY, INDEMNIFICATION AND REMEDIES 

SECTION 6.1 No Warranty; Exclusive Remedy. 

(a) Provider and Recipient both acknowledge and agree that Provider has agreed to provide or cause to be provided the Services hereunder as an
accommodation to Recipient. NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESSED OR IMPLIED (INCLUDING WARRANTIES OF NON-INFRINGEMENT, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND CONFORMITY TO ANY
REPRESENTATION OR DESCRIPTION), ARE MADE BY ANY OF THE PROVIDER PARTIES WITH RESPECT TO THE PROVISION OF SERVICES UNDER THIS AGREEMENT AND, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY WAIVED
AND DISCLAIMED. 
 (b) Other than in the event of fraud, willful misconduct, bad faith or gross negligence on the part of any Provider Party
for which Recipient shall have a right to seek indemnity hereunder (and without limiting the indemnification rights under Section 6.3(b)), the sole and exclusive remedy of any Recipient Party with respect to any and all
Losses caused by or arising from the performance or non-performance of any Service by Provider (either directly or indirectly) will be the termination of this Agreement in accordance with
Section 4.2; provided, however, that, if capable of being performed or re-performed and if requested by Recipient, Provider shall perform or re-perform, as applicable, or will cause one or more of its Affiliates or third-party service providers to perform or re-perform, as applicable, any Service that does not
comply with the requirements and level of service set forth on Schedule A and in Section 2.3. 
 SECTION
6.2 Limitation of Liability. 
 (a) EXCEPT AS PROVIDED IN SECTION 6.2(b), NOTWITHSTANDING ANY OTHER PROVISION OF
THIS AGREEMENT TO THE CONTRARY, IN NO EVENT WILL ANY PROVIDER PARTY OR ANY RECIPIENT PARTY BE LIABLE UNDER ANY CIRCUMSTANCES OR LEGAL THEORY FOR LOSSES RELATED TO INCONVENIENCE, DOWNTIME, INTEREST, COST OF CAPITAL, FRUSTRATION OF ECONOMIC OR
BUSINESS EXPECTATIONS, LOST PROFITS, LOST REVENUES, LOST SAVINGS, LOSS OF USE, TIME, DATA OR GOODWILL, OR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL, COLLATERAL OR CONSEQUENTIAL DAMAGES, REGARDLESS OF WHETHER SUCH LOSSES ARE FORESEEABLE;
PROVIDED, HOWEVER, THAT TO THE EXTENT AN INDEMNIFIED PARTY IS REQUIRED TO PAY ANY LOSSES RELATED TO INCONVENIENCE, DOWNTIME, INTEREST, COST OF CAPITAL, FRUSTRATION OF ECONOMIC OR BUSINESS EXPECTATIONS, LOST PROFITS, LOST REVENUES, LOST
SAVINGS, LOSS OF USE, TIME, DATA OR GOODWILL, OR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL, COLLATERAL OR CONSEQUENTIAL DAMAGES TO A PERSON WHO IS NOT A PROVIDER PARTY OR A RECIPIENT PARTY IN CONNECTION WITH A THIRD-PARTY CLAIM, SUCH LOSSES WILL
CONSTITUTE DIRECT LOSSES NOT SUBJECT TO THE LIMITATION SET FORTH IN THIS SECTION 6.2(a). 

  
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 (b) The limitations set forth in Section 6.2(a) shall not apply to
Losses that arise as the result of fraud, willful misconduct, bad faith or gross negligence of Provider, Recipient or anyone performing Services pursuant to this Agreement. 

SECTION 6.3 Indemnification. Notwithstanding anything to the contrary contained in this Agreement and without limiting
the indemnification rights of the parties hereto set forth in the Separation and Distribution Agreement: 
 (a) except insofar as a claim,
demand, suit or recovery relates to fraud, willful misconduct, bad faith or gross negligence of any Provider Party, Recipient will, and will cause its Affiliates to, indemnify and hold harmless the Provider Parties and their respective employees,
officers, directors and agents (collectively, the “Provider Indemnified Parties”) from and against any Losses (including reasonable expenses of investigation and attorneys’ fees incurred or suffered by the Provider Indemnified
Parties) arising out of any claim made against any Provider Party by a third party to the extent caused by or resulting from any of the Services rendered pursuant to the terms of this Agreement; provided, however, that the foregoing
will not limit the indemnification obligations of Provider under Section 6.3(b); and 
 (b) except insofar as a
claim, demand, suit or recovery relates to fraud, willful misconduct, bad faith or gross negligence of any Recipient Party, Provider will, and will cause its Affiliates to, indemnify and hold harmless the Recipient Parties and their respective
employees, officers, directors and agents (collectively, the “Recipient Indemnified Parties”) from and against any Losses (including reasonable expenses of investigation and attorneys’ fees incurred or suffered by the Recipient
Indemnified Parties) arising out of the performance of any Service by a third-party service provider on behalf of Provider, but only to the extent Provider is indemnified or otherwise compensated by such third-party service provider for any breach
of its obligations to Provider with respect to the provision of such Service and, in such event, only on a pro rata basis taking into account all Provider Parties similarly affected. 

SECTION 6.4 Remedies. The parties hereto agree that irreparable damage may occur if any provision of this Agreement is
not performed in accordance with its specific terms or is otherwise breached. Each of the parties hereto shall be entitled to seek equitable relief to prevent or remedy breaches of this Agreement, without proof of actual damages and without the
necessity of posting a bond, including in the form of an injunction or injunctions or orders for specific performance in respect of such breaches. 

ARTICLE VII 

MISCELLANEOUS 
 SECTION
7.1 Dispute Resolution. Executive officers of each of Provider and Recipient will meet as expeditiously as possible to resolve any dispute directly or indirectly arising out of or in relation to this Agreement or the validity,
interpretation, construction, performance, breach or enforceability of this Agreement, and any dispute that is not so resolved within thirty (30) days shall be resolved in accordance with the provisions of Section 12.2
and Section 12.3 of the Separation and Distribution Agreement, which shall apply mutatis mutandis to this Agreement. 

  
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 SECTION 7.2 Assignment. This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective successors and permitted assigns. No party hereto may assign this Agreement or any of its rights or delegate any of its obligations under this Agreement without the written consent of the
other party hereto, which consent may be withheld in such other party’s sole and absolute discretion and any assignment or attempted assignment in violation of the foregoing will be null and void; provided, however, that Provider
may delegate its duties hereunder to such Affiliates or third-party service providers as may be qualified to provide the Services and provided further that Provider has provided at least forty-five (45) days’ advance notice
to Recipient prior to any such delegation of any duties hereunder, and if Recipient reasonably objects to any such delegation, Provider will reasonably assist in the process of transitioning such service to Recipient or Recipient’s designee
prior to, and in lieu of, any such delegation. 
 SECTION 7.3 Relationship of the Parties. The parties hereto are
independent contractors, and neither party hereto is an employee, partner or joint venturer of the other. Under no circumstances shall any of the employees of a party hereto be deemed to be employees of the other party hereto for any purpose.
Neither party hereto shall have the right to bind the other to any agreement with a third party nor to represent itself as a Partner or joint venturer of the other by reason of this Agreement. 

SECTION 7.4 Third-Party Beneficiaries. Except for Section 6.3, this Agreement is solely for the
benefit of the parties hereto and their respective successors and permitted assigns, and nothing herein express or implied shall give or be construed to give to any other Person any legal or equitable rights hereunder. 

SECTION 7.5 Force Majeure. Neither party hereto shall be in default of this Agreement by reason of its delay in the
performance of, or failure to perform, any of its obligations hereunder (other than the payment of money) if such delay or failure is caused by acts of God, acts of civil or military authority, embargoes, acts of terrorism, epidemics, pandemic, war,
riots, insurrections, fires, explosions, earthquakes, floods, unusually severe weather conditions, labor problems or unavailability of parts, or, in the case of computer systems, any failure in electrical or air conditioning equipment or other
events that arise from circumstances beyond the reasonable control of such party. In the event of any such excused delay, the time for performance shall be extended for a period equal to the time lost by reason of the delay; provided that in no
event shall Provider be required to provide any Services to Recipient for longer than twenty four (24) months after the date of this Agreement. 

SECTION 7.6 Miscellaneous. Except as otherwise expressly set forth in this Agreement, the provisions of Article
XII of the Separation and Distribution Agreement other than the provisions thereof relating to assignability, third-party beneficiaries, force majeure and termination shall apply mutatis mutandis to this Agreement. 

* * * * * * * 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first written above by their respective officers thereunto duly authorized. 
  

			
	FORTUNE BRANDS HOME & SECURITY, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	MASTERBRAND, INC.
		
	By:	 	  

		 	Name:
		 	Title:EX-10.2

 Exhibit 10.2 

FORM OF 
 EMPLOYEE
MATTERS AGREEMENT 
 THIS EMPLOYEE MATTERS AGREEMENT is made as of [●], 2022 by and between Fortune Brands Home &
Security, Inc., a Delaware corporation (“Fortune Brands”), and MasterBrand, Inc., a Delaware corporation (“Cabinets”), and, as of the date hereof, a wholly-owned subsidiary of Fortune Brands. 

WHEREAS, Fortune Brands and Cabinets have entered into a Separation and Distribution Agreement dated as of [●], 2022 (the
“Distribution Agreement”) pursuant to which Fortune Brands will distribute on a pro rata basis to the holders of shares of Fortune Brands’ common stock, par value $0.01 per share
(“Fortune Brands Shares”), without any consideration being paid by the holders of such Fortune Brands Shares, all of the outstanding shares of Cabinets common stock, par value $0.01 per share (“Cabinets
Shares”), owned by Fortune Brands as of the Distribution Date (as defined in the Distribution Agreement); and 
 WHEREAS, in
connection with the Distribution, Fortune Brands and Cabinets desire to enter into this Employee Matters Agreement. 
 NOW, THEREFORE, in
consideration of the mutual promises contained herein and in the Distribution Agreement, the parties hereto agree as follows: 
 Article
I.    DEFINITIONS 
 Section 1.01    Definitions. Unless
otherwise defined herein, each capitalized term shall have the meaning specified for such term in the Distribution Agreement. As used in this Agreement: 
  

	 	(a)	 “Adjusted Fortune Brands Option” has the meaning set forth in
Section 6.01(b) of this Agreement. 

  

	 	(b)	 “Adjusted Fortune Brands RSU Award” has the meaning set forth in
Section 6.02(b) of this Agreement. 

  

	 	(c)	 “Agreement” means this Employee Matters Agreement together with those
parts of the Distribution Agreement referenced herein and all schedules hereto and all amendments, modifications and changes hereto and thereto. 

  

	 	(d)	 “Business Employee” means (i) each individual who immediately prior
to the Distribution is employed by a Cabinets Party, including each Fortune Brands Transferred Employee, but excluding any Cabinets Transferred Employee, and (ii) each former employee of a Fortune Brands Party or a Cabinets Party whose last
employment with any of such parties prior to termination was with a Cabinets Party. 

  

	 	(e)	 “Cabinets” has the meaning set forth in the recitals of this Agreement.

  

	 	(f)	 “Cabinets DCP” has the meaning set forth in Section 3.04(a) of this Agreement.

  

	 	(g)	 “Cabinets Employee” means a person who is employed by a Cabinets Party immediately
following the Distribution. 

  

	 	(h)	 “Cabinets Pension Plan” means the [●], Inc. Pension Plan. 

	 	(i)	 “Cabinets Post-Distribution Stock Price” means the per share price of
Cabinets Shares immediately after the Distribution, which shall be equal to the volume weighted average price of Cabinets common stock on the Distribution Date. 

 

	 	(j)	 “Cabinets RSP” has the meaning set forth in Section 3.01(a) of this Agreement.

  

	 	(k)	 “Cabinets Service Provider” means (i) each Cabinets Employee, and
(ii) each other individual who is engaged to provide services to a Cabinets Party as an individual independent contractor, consultant or director (and not engaged to provide services to a Fortune Brands Party) as of immediately following the
Distribution. 

  

	 	(l)	 “Cabinets Supplemental Plan” means the [●], Inc. Supplemental Retirement Plan.

  

	 	(m)	 “Cabinets Transferred Employee” means each employee of a Cabinets Party
listed on Exhibit A hereto whose employment shall be transferred to a Fortune Brands Party immediately prior to the Distribution Date. 

  

	 	(n)	 “Cabinets Union Savings Plan” means the [●], Inc. Union Employees Savings Plan.

  

	 	(o)	 “Cafeteria Plan” means any plan or portion of a plan which is intended to be a
cafeteria plan under Section 125 of the Code or is a flexible spending account. 

  

	 	(p)	 “COBRA” has the meaning set forth in Section 4.04 of this Agreement.

  

	 	(q)	 “COBRA Participants” has the meaning set forth in Section 4.04 of
this Agreement. 

  

	 	(r)	 “Code” means the Internal Revenue Code of 1986, as amended.

  

	 	(s)	 “Compensation Committee” means the Compensation Committee of the Fortune
Brands Board of Directors or the Compensation Committee of the Cabinets Board of Directors, as the case may be. 

  

	 	(t)	 “DB Master Trust” has the meaning set forth in Section 3.02(a) of
this Agreement. 

  

	 	(u)	 “DC Master Trust” has the meaning set forth in Section 3.01(b) of
this Agreement. 

  

	 	(v)	 “Director Deferred Shares” has the meaning set forth in
Section 3.04(b) of this Agreement. 

  

	 	(w)	 “Distribution Agreement” has the meaning set forth in the recitals of
this Agreement. 

  

	 	(x)	 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. 

  

	 	(y)	 “Former Cabinets Employee” means an individual who (i) experienced a
termination of employment with a Cabinets Party on or prior to the Distribution Date, and (ii) has not been rehired by any Cabinets Party or Fortune Brands Party as of the Distribution Date. 

 

	 	(z)	 “Fortune Brands” has the meaning set forth in the recitals of this
Agreement. 

  

	 	(aa)	 “Fortune Brands DCP” means the Fortune Brands Home & Security,
Inc. Deferred Compensation Plan. 

  

	 	(bb)	 “Fortune Brands Director DCP” means the Fortune Brands Home & Security,
Inc. Directors’ Deferred Compensation Plan. 

  

	 	(cc)	 “Fortune Brands LTIPs” means the Fortune Brands Home & Security,
Inc. 2011 Long-Term Incentive Plan, the Fortune Brands Home & Security, Inc. 2013 Long-Term Incentive Plan, and the Fortune Brands Home & Security, Inc. 2022 Long-Term Incentive Plan. 

  
 2 

	 	(dd)	 “Fortune Brands Non-ERISA Benefit
Arrangement” means any Non-ERISA Benefit Arrangement sponsored or maintained by a Fortune Brands Party. 

 

	 	(ee)	 “Fortune Brands Options” means stock options granted under the
Fortune Brands LTIPs. 

  

	 	(ff)	 “Fortune Brands Plan” means any Pension Plan, Cafeteria Plan or Welfare Plan sponsored
or maintained by a Fortune Brands Party. 

  

	 	(gg)	 “Fortune Brands Post-Distribution Stock Price” means the per share
price of Fortune Brands Shares immediately after the Distribution, which shall be equal to the volume weighted average price of Fortune Brands Shares on the Distribution Date. 

 

	 	(hh)	 “Fortune Brands Pre-Distribution Stock
Price” means the per share price of Fortune Brands Shares immediately prior to the Distribution, which shall be equal to the volume weighted average price of Fortune Brand Shares on the trading day immediately prior to the
Distribution Date. 

  

	 	(ii)	 “Fortune Brands RSUs” means restricted stock units granted under any of
the Fortune Brands LTIPs, including any restricted stock unit which has been deferred under the Fortune Brands DCP. 

  

	 	(jj)	 “Fortune Brands Shares” has the meaning set forth in the recitals of
this Agreement. 

  

	 	(kk)	 “Fortune Brands SRP Participant” has the meaning set forth in Section 3.03 of this
Agreement. 

  

	 	(ll)	 “Fortune Brands Supplemental Plan” means the Fortune Brands
Home & Security, Inc. Supplemental Retirement Plan. 

  

	 	(mm)	 “Fortune Brands Transferred Employee” means each employee of a Fortune
Brands Party or any of its Affiliates (other than Cabinets or any Cabinets Subsidiary) listed on Exhibit B hereto whose employment shall be transferred to a Cabinets Party immediately prior to the Distribution Date. 

 

	 	(nn)	 “Fortune Brands Welfare Plans” means a Welfare Plan sponsored or
maintained by a Fortune Brands Party. 

  

	 	(oo)	 “Intrinsic Value” means (a) in the case of a Fortune Brands
Option immediately prior to the Distribution, the difference between the Fortune Brands Pre-Distribution Stock Price and the per share exercise price of such Fortune Brands Option, (b) in the case of an
Adjusted Fortune Brands Option immediately after the Distribution, the difference between the Fortune Brands Post-Distribution Stock Price and the per share exercise price of such Adjusted Fortune Brands Option and (c) in the case of a
Substitute Cabinets Option immediately after the Distribution, the difference between the Cabinets Post-Distribution Stock Price and the per share exercise price of such Substitute Cabinets Option, in each case multiplied by the number of Fortune
Brands Shares or Cabinets Shares, as the case may be, subject to such option. 

  

	 	(pp)	 “Invoiced Amount” has the meaning set forth in the Transition Services
Agreement. 

  

	 	(qq)	 “IRS” means the Internal Revenue Service. 

  
 3 

	 	(rr)	 “Non-ERISA Benefit
Arrangement” means any contract, agreement, policy, practice, program, plan, trust or arrangement, other than a Pension Plan or Welfare Plan, providing for benefits, perquisites or compensation of any nature to any Cabinets
Employee, or to any family member, dependent or beneficiary of any such Cabinets Employee, including tuition reimbursement, supplemental unemployment, vacation, sick, personal or bereavement days, holidays, retirement, deferred compensation, profit
sharing, bonus, stock-based compensation or other forms of incentive compensation. 

  

	 	(ss)	 “Pension Plan” means any pension plan as defined in
Section 3(2) of ERISA, without regard to Section 4(b)(4) or 4(b)(5) of ERISA. 

  

	 	(tt)	 “Plan Effective Date” means January 1, 2023. 

 

	 	(uu)	 “Record Date” means [    ]. 

 

	 	(vv)	 “Transition Services Agreement” means that Transition Services Agreement,
dated as of the date hereof, by and between Fortune Brands and Cabinets. 

  

	 	(ww)	 “Welfare Plan” means any employee welfare plan as defined in
Section 3(1) of ERISA, without regard to Section 4(b)(4) or 4(b)(5) of ERISA (other than a plan or any portion of a plan intended to be a cafeteria plan under Section 125 of the Code or is a flexible spending account).

 Section 1.02    Rules of Construction. In this Agreement, unless the
context clearly indicates otherwise: 
  

	 	(a)	 words used in the singular include the plural and words used in the plural include the singular;

  

	 	(b)	 reference to any Person includes such Person’s successors and assigns but, if applicable, only if such
successors and assigns are permitted by this Agreement; 

  

	 	(c)	 reference to any Person’s “Affiliates” shall be deemed to mean such Person’s Affiliates
following the Distribution; 

  

	 	(d)	 reference to any gender includes the other gender; 

 

	 	(e)	 the words “include,” “includes” and “including” shall be deemed to be followed by
the words “without limitation;” 

  

	 	(f)	 references to any Article, Section or schedule means such Article or Section of, or such schedule to, this
Agreement, as the case may be; 

  

	 	(g)	 the words “herein,” “hereunder,” “hereof,” “hereto” and words of
similar import shall be deemed references to this Agreement as a whole and not to any particular Section or other provision hereof; 

  

	 	(h)	 reference to any agreement, instrument or other document means such agreement, instrument or other document as
amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 

  

	 	(i)	 reference to any law (including statutes and ordinances) means such law (including all rules and regulations
promulgated thereunder) as amended, modified, codified or reenacted, in whole or in part, and in effect at the time of determining compliance or applicability; 

 

	 	(j)	 relative to the determination of any period of time, “from” means “from and including,”
“to” means “to but excluding” and “through” means “through and including;” 

  
 4 

	 	(k)	 accounting terms used herein shall have the meanings ascribed to them by Fortune Brands and its Subsidiaries,
including Cabinets, in its and their internal accounting and financial policies and procedures in effect immediately prior to the date of this Agreement; 

  

	 	(l)	 if there is any conflict between the provisions of the Distribution Agreement and this Agreement, the
provisions of this Agreement shall control with respect to the subject matter hereof; if there is any conflict between the provisions of the body of this Agreement and any schedule hereto, the provisions of the body of this Agreement shall control
unless explicitly stated otherwise in such schedule; 

  

	 	(m)	 titles to Articles and headings of Sections contained in this Agreement have been inserted for convenience of
reference only and shall not be deemed to be a part of or to affect the meaning or interpretation of this Agreement; 

  

	 	(n)	 any portion of this Agreement obligating a Party to take any action or refrain from taking any action, as the
case may be, shall mean that such Party shall also be obligated to cause its relevant Subsidiaries to take such action or refrain from taking such action, as the case may be; 

 

	 	(o)	 unless otherwise specified in this Agreement, all references to dollar amounts herein shall be in respect of
lawful currency of the United States; and 

  

	 	(p)	 this Agreement shall be construed without regard to any presumption or rule requiring construction or
interpretation against the party drafting an instrument or causing any instrument to be drafted. 

 Article
II.    ASSIGNMENT OF EMPLOYEES 
 Effective immediately prior to the Distribution Date, (i) the employment of
the Fortune Brands Transferred Employees by the Fortune Brands Parties shall be transferred to, and thereupon the employment of the Fortune Brands Transferred Employees shall commence with, a Cabinets Party; and (ii) the employment of the
Cabinets Transferred Employees by the Cabinets Parties shall be transferred to, and thereupon the employment of the Cabinets Transferred Employees shall commence with, a Fortune Brands Party. If it is determined after the Distribution Date that any
employees were not properly assigned and transferred to the appropriate employer prior to the Distribution Date or that it is necessary or appropriate to assign and transfer an employee performing services pursuant to the Transition Services
Agreement to the other group, the Parties shall cooperate in good faith to effect such assignment and transfer after the Distribution Date. Notwithstanding anything to the contrary contained herein, nothing in this Agreement shall create any
obligation on the part of any Fortune Brands Party or Cabinets Party to continue the employment of any employee for any definite period following the Distribution Date or to change the employment status of any employee from “at will.” 

Article III.    PENSION, RETIREMENT AND DEFERRED COMPENSATION PLANS 

Section 3.01    Defined Contribution Plans. 
  

	 	(a)	 Establishment of Cabinets Retirement Savings Plan. On or before, but effective as of the Plan Effective
Date, Cabinets shall adopt, establish and maintain a 401(k) retirement savings plan and trust for the benefit of eligible employees of the Cabinets Parties, which is intended to be qualified under Section 401(a) of the Code and exempt from
federal income tax under Section 501(a) of the Code (the 

  
 5 

	 	
“Cabinets RSP”). As soon as practicable after the adoption of the Cabinets RSP, Cabinets shall, to the extent the Cabinets RSP and related trust are not eligible to rely
upon an existing favorable IRS opinion or advisory letter to such effect, submit an application for determination to the IRS for a determination that the Cabinets RSP is qualified under Section 401(a) of the Code and that the related trust is
exempt from federal income tax under Section 501(a) of the Code, and shall take any actions not inconsistent with Cabinet’s other general commitments contained in this Agreement and make any amendments necessary to receive such
determination. As of the Plan Effective Date, each Cabinets Employee employed by the Cabinets Parties who was, immediately prior to the Distribution, eligible to participate in the Fortune Brands Home & Security, Inc. Retirement Savings
Plan or the Fortune Brands Home & Security, Inc. Hourly Retirement Savings Plan shall be eligible to participate in the Cabinets RSP, which shall recognize the service of such Cabinets Employee with Fortune Brands and its Subsidiaries in
accordance with Section 7.05. 

  

	 	(b)	 Transfer from Fortune Brands Trust. As of the Plan Effective Date (or as soon as reasonably practicable
thereafter), Fortune Brands shall cause the Fortune Brands Home & Security, Inc. Master Defined Contribution Trust (the “DC Master Trust”) to transfer to the trust established under the Cabinets RSP assets having a
value as of the applicable valuation date that is equal to the value of the account balances of, and liabilities with respect to, all Business Employees with an account balance under the Fortune Brands Home & Security, Inc. Retirement
Savings Plan or the Fortune Brands Home & Security, Inc. Hourly Employee Retirement Savings Plan as of such valuation date. In addition, on or as soon as administratively practicable after the Plan Effective Date, a pro rata share of all
unallocated amounts shall be transferred from the DC Master Trust to the trust established by Cabinets under the Cabinets RSP, determined based upon the ratio of the sum of the account balances of the Business Employees described in the immediately
preceding sentence as of the applicable valuation date to the sum of all account balances held in the DC Master Trust as of such valuation date. Such transferred assets shall be in cash or in kind, including shares of securities, promissory notes
evidencing outstanding plan loans, Fortune Brands Shares or Cabinets Shares, and such transfer shall be made in accordance with Section 414(l) of the Code. Liabilities under any qualified domestic relations orders (as defined in
Section 414(p) of the Code) received with respect to any accounts transferred to the Cabinets RSP shall be transferred to and assumed by the Cabinets RSP at the time such assets attributable to such accounts are transferred. Cabinets shall
assume and thereafter be solely responsible for all then existing and future employer liabilities related to such Business Employees under the Cabinets RSP and the administration thereof and, except as provided in Section 3.01(a), the Fortune
Brands Parties shall have no liability whatsoever therefor. 

  

	 	(c)	 Cabinets Union Savings Plan. Following the Distribution Date, Cabinets shall continue to be the plan
sponsor of the Cabinets Union Savings Plan. Following the Distribution Date, the Fortune Brands Parties shall have no liability or obligation with respect to the Cabinets Union Savings Plan or any participants or former participants in the Cabinets
Union Savings Plan with respect to their participation therein. 

  
 6 

 Section 3.02    Defined Benefit Pension Plans. 

 

	 	(a)	 Transfer of Assets from Master Trust. Following the Distribution Date, Cabinets shall continue to be the
plan sponsor of the Cabinets Pension Plan. Prior to the Distribution Date, (i) the Cabinets Parties shall establish one or more trusts to be a source of providing benefits under the Cabinets Pension Plan and (ii) Fortune Brands shall cause
the assets held in the Fortune Brands Home & Security, Inc. Master Retirement Trust (the “DB Master Trust”) and allocated to the subaccounts for the Cabinets Pension Plan to be transferred to the trust
established by the Cabinets Parties. Following the date of the transfer contemplated by the immediately preceding sentence, the Fortune Brands Parties shall have no liability or obligation with respect to the Cabinets Pension Plan or any
participants or former participants in the Cabinets Pension Plan with respect to their participation therein. 

Section 3.03    Supplemental Retirement Plans. Following the Distribution Date, the Cabinets
Parties shall continue to sponsor and maintain the Cabinets Supplemental Plan. The Cabinets Parties shall be solely responsible for all liabilities and shall fully perform, pay and discharge all obligations, when such obligations become due, to the
Business Employees under the Cabinets Supplemental Plan. With respect to each Cabinets Employee who was a participant in the Fortune Brands Supplemental Plan and has an account under such plan (each, a “Fortune Brands SRP
Participant”), (a) no later than the Distribution Date, Fortune Brands shall provide Cabinets with a list of payment events applicable to each Fortune Brands SRP Participant and (b) on or after the Distribution Date, Cabinets
shall, or shall cause the applicable Cabinets Party to, notify Fortune Brands of the occurrence of (a) any payment event with respect to a Fortune Brands SRP Participant under the Fortune Brands Supplemental Plan, and (b) the
“separation from service” under Section 409A of the Code of any Fortune Brands SRP Participant, whether or not such separation from service is a payment event, in each case, as promptly as practicable but in no event later than thirty
(30) days following such the occurrence of such payment event or separation from service, as applicable, and shall promptly provide to Fortune Brands any other relevant information reasonably requested by Fortune Brands in writing for purposes
of administering the Fortune Brands Supplemental Plan with respect to the Fortune Brands SRP Participants. The Distribution will not constitute a “change in control” for purposes of the Cabinets Supplemental Plan or the Fortune Brands
Supplemental Plan. 
 Section 3.04    Deferred Compensation Plans. 

 

	 	(a)	 Effective as of the Distribution Date, a member of the Cabinets Parties shall adopt, establish and maintain a
nonqualified deferred compensation plan for the benefit of employees of the Cabinets Parties (the “Cabinets DCP”) which shall have substantially the same terms and conditions as the Fortune Brands DCP. As of the Distribution
Date, Cabinets shall, or shall cause a member of the Cabinets Parties to, assume and thereafter be solely responsible for all existing and future Liabilities relating to Cabinets Employees’ (and any beneficiary’s thereof) (i) benefits
and notional account balances accrued under the Fortune Brands DCP as of immediately prior to the Distribution Date, as applicable, and (ii) benefits and notional account balances that accrue under the Cabinets DCP on or after the Distribution
Date, as applicable; provided, that to the extent such an individual’s 

  
 7 

	 	
account is invested in notional Fortune Brands Shares, then (x) such individual participant’s account shall be credited with the number of Cabinets Shares equal to the number of
Cabinets Shares that would have been distributed to the individual participant if the notional Fortune Brands Shares held in the individual’s account had been issued and outstanding, and (y) the notional Fortune Brands Shares credited to
such individual participant’s account shall be deemed to have been sold as of the Distribution Date, based on the value of such shares as of the Distribution Date, and reinvested in the default investment fund maintained under the Cabinets DCP.
All deferral and distribution elections made by Business Employees under the Fortune Brands DCP shall, to the extent applicable, be transferred to, and be in full force and effect under, the Cabinets DCP, and for such purpose, and subject to
Section 409A of the Code, any distributions payable upon a Cabinets Employee’s separation from service shall be payable upon his or her separation from service with the Cabinets Parties. All beneficiary designations made by Cabinets
Employees and beneficiaries thereof under the Fortune Brands DCP shall, to the extent applicable, be transferred to, and be in full force and effect under, the Cabinets DCP until such beneficiary designations are replaced or revoked by the Cabinets
Employee (or the beneficiary of such individual) who made the beneficiary designation. Following the Distribution Date, the Fortune Brands Parties shall have no Liability or obligation with respect to the benefits accrued by such Cabinets Employees
or by beneficiaries thereof under the Fortune Brands DCP or with respect to any benefits accrued under the Cabinets DCP. 

  

	 	(b)	 Effective as of the Distribution Date, with respect to any Fortune Brands shares which have been notionally
credited to the account of any non-employee director of the Fortune Brands Board of Directors under the Fortune Brands Director DCP (such shares, the “Director Deferred Shares”), such
Director Deferred Shares shall be adjusted such that (i) any such non-employee director who is a Cabinets Service Provider will be notionally credited with the number of deferred Cabinets Shares equal to
the number of Cabinets Shares that would have been distributed to such non-employee director if the number of Director Deferred Shares had instead been issued and outstanding, and (ii) for any individual
who will serve as a non-employee director on both the Fortune Brands Board of Directors and the Cabinets Board of Directors effective as of the Distribution Date, such individuals will be notionally credited
with deferred Cabinets Shares equivalent to the dividend of [ ] Cabinets Shares for each Director Deferred Share held by such individual as of the Record Date, and such deferred Cabinets Shares shall be subject to the same terms and conditions
applicable to the Director Deferred Shares. 

 Article IV.    WELFARE PLANS 

Section 4.01    Establishment of Cabinets Welfare Plans. Effective as of the Plan Effective
Date, a member of the Cabinets Parties shall adopt, establish and maintain Welfare Plans for the benefit of Cabinets Employees that have substantially the same terms as conditions as the Fortune Brands Welfare Plans (the “Cabinets Welfare
Plans”). 
 Section 4.02    Coverage of Cabinets Employees. Fortune Brands
shall cause each Cabinets Employee who satisfies the eligibility requirements of the Fortune Brands Welfare Plans (excluding any portion of such plans which is intended to be a cafeteria plan under Section 125 of the Code or is a flexible
spending account) to remain eligible under such plan through December 31, 2022 as long as each such individual otherwise continues to satisfy the eligibility requirements 

  
 8 

 
of such plan. As of the Plan Effective Date, each Cabinets Employee, including each Fortune Brands Transferred Employee, shall become eligible to participate in the Cabinets Welfare Plans
established by Cabinets effective as of the Plan Effective Date for their participation, subject to the terms of such plans. To the extent applicable to any Cabinets Welfare Plans in which Cabinets Employees become eligible as of the Plan Effective
Date that provide benefits similar to the benefits that had been provided to such employees under a Fortune Brands Welfare Plan immediately prior to such date, Cabinets shall cause the Cabinets Welfare Plans to recognize all coverage and
contribution elections most recently made by such Cabinets Employees under the Fortune Brands Welfare Plans prior to the Plan Effective Date and shall apply such elections under the Cabinets Welfare Plans for the plan year beginning as of the Plan
Effective Date, in each case to the extent practicable and in accordance with the terms of the Cabinets Welfare Plans. All beneficiary designations made by Cabinets Employees under the Fortune Brands Welfare Plans shall, to the extent applicable and
permitted by applicable law, be transferred to, and be in full force and effect under, the Cabinets Welfare Plans until such beneficiary designations are replaced or revoked by the Cabinets Employee who made the beneficiary designation. 

Section 4.03    Welfare Plan Liabilities. 

 

	 	(a)	 Cabinets Welfare Plans. As of the Plan Effective Date, the Cabinets Parties and the Cabinets Welfare
Plans, as applicable, shall assume, retain and be responsible for all claims for welfare benefits (and for any Liabilities arising as a result of such claims) incurred with respect to any Cabinets Employee (and, if applicable, such Cabinets
Employee’s participating spouse and/or dependents) or Former Cabinets Employee on or after the Plan Effective Date under the Cabinets Welfare Plans (the “Welfare Liabilities”), and none of the Fortune Brands Parties or
the Fortune Brands Welfare Plans shall assume or retain any such Liabilities. 

  

	 	(b)	 Fortune Brands Welfare Plans. The Fortune Brands Welfare Plans shall continue to be responsible for all
claims for welfare benefits (and for any Liabilities arising as a result of such claims) incurred with respect to any Cabinets Employee prior to the Plan Effective Date under such plan, whether such claims have been paid or remain unpaid as of such
date, and the Cabinets Welfare Plans shall not assume any such Liabilities; provided, however, that with respect to any such Welfare Liabilities which are incurred under the Fortune Brands Welfare Plans, to the extent unpaid as of the Distribution
Date, the Cabinets Parties shall provide reimbursement for any such amounts which constitute Invoiced Amounts in accordance with the terms of the Transition Services Agreement. 

 

	 	(c)	 Claims Incurred. Claims for health, dental and vision benefits shall be considered to be incurred prior
to the applicable determination date if the services related to such claims were provided prior to such date. Claims for all other welfare benefits (including life, long-term disability, and short-term disability) shall be considered to be incurred
prior to the applicable determination date if the date of loss or the date on which the disability or death occurred was prior to such date. 

Section 4.04     COBRA and HIPAA Liabilities. From and after the Plan Effective Date, the
Cabinets Parties and the Cabinets Welfare Plans shall be responsible for the continuation coverage requirements under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), and the portability
requirements under the Health Insurance Portability and Accountability Act of 1996 with respect to all Business Employees and their qualified 

  
 9 

 
beneficiaries. Prior to the Plan Effective Date, the Fortune Brands Parties and the Fortune Brands Welfare Plans shall be solely responsible for providing continued health coverage required by
COBRA to (a) Former Cabinets Employees and their qualifying beneficiaries who experience a COBRA qualifying event (as defined in Section 4980B of the Code) under the applicable Fortune Brands Welfare Plan, and (b) Cabinets Employees
and their qualifying beneficiaries who experience a COBRA qualifying event, in each case, under the applicable Fortune Brands Welfare Plan on or prior to the Plan Effective Date (individuals in (a) and (b) collectively, the “COBRA
Participants”), and following the Distribution Date, the Cabinets Parties shall reimburse the Fortune Brands Parties for any unpaid claims or obligations incurred under the Fortune Brands Welfare Plans as a result of such COBRA
coverage, to the extent such amounts constitute Invoiced Amounts, in accordance with the terms of the Transition Services Agreement. 

Section 4.05    Stop Loss Adjustment. Pursuant to the self-funded stop-loss arrangement
maintained as of immediately prior to the Distribution Date among the Fortune Brands Parties and the Cabinets Parties, not later than 60 days after the Distribution Date, Fortune Brands and Cabinets shall determine, for health claims arising prior
to the Distribution Date, the allocation of such claims among the Fortune Brands Parties and the Cabinets Parties, and true up payments shall be made among such parties in accordance with such stop-loss arrangement as though the plan year ended on
the Plan Effective Date. Each of the Fortune Brands Parties and the Cabinets Parties shall be responsible separately for the stop-loss coverage of claims arising under their respective group health plans on and after the Plan Effective Date. 

Article V.    NON-ERISA BENEFIT ARRANGEMENTS 

Section 5.01    Cabinets Non-ERISA Benefit
Arrangements. Following the Distribution Date, the Cabinets Parties shall continue to be the plan sponsor of each Non-ERISA Benefit Arrangement sponsored by the Cabinets Parties for the benefit of
the Cabinets Employees immediately prior to the Distribution Date. Following the Distribution Date, the Fortune Brands Parties shall have no liability or obligation with respect to such arrangements or any participants or former participants in such
arrangements with respect to their participation therein. 
 Article VI.    EQUITY COMPENSATION PLANS 

Section 6.01    Stock Options. 
  

	 	(a)	 Options Held by Cabinets Service Providers. Fortune Brands and Cabinets shall take any and all action as
shall be necessary or appropriate, including approval of the provisions of this Section 6.01(a) by the Cabinets Board of Directors and the Fortune Brands Compensation Committee, so that each Fortune Brands Option, whether vested or unvested,
held at the close of business on the Distribution Date by any Cabinets Service Provider (or any transferee thereof) shall be, pursuant to the terms of the applicable Fortune Brands LTIP and the applicable Cabinets equity compensation plan (the
“Cabinets LTIP”) and this Agreement, replaced with a substitute option to purchase Cabinets Shares granted under the Cabinets LTIP (a “Substitute Cabinets Option”),
pursuant to which: 

  

	 	(i)	 the Intrinsic Value of each Substitute Cabinets Option immediately after the Distribution shall be equal
to the Intrinsic Value of the corresponding Fortune Brands Option immediately prior to the Distribution; 

  
 10 

	 	(ii)	 the ratio of the per share exercise price of each Substitute Cabinets Option to the Cabinets
Post-Distribution Stock Price shall not exceed the ratio of the per share exercise price of the corresponding Fortune Brands Option to the Fortune Brands Pre-Distribution Stock Price; and

  

	 	(iii)	 the Substitute Cabinets Option shall become exercisable and terminate based on the holder’s service
with the Cabinets Parties. 

 Each Substitute Cabinets Option shall have the same terms and conditions as the corresponding Fortune Brands
Option, except as provided herein. It is intended that the adjustment and substitution set forth herein shall satisfy the requirements of Section 424 of the Code and avoid treatment as nonqualified deferred compensation subject to
Section 409A of the Code. 
  

	 	(b)	 Options Held by Persons Other Than Cabinets Service Providers. Fortune Brands shall take any and all
action as shall be necessary or appropriate, including approval of the provisions of this Section 6.01(b) by the Fortune Brands Compensation Committee so that each Fortune Brands Option held at the close of business on the Distribution Date by
any person who is not a Cabinets Service Provider (or any transferee of such person) shall be replaced pursuant to the terms of the Fortune Brands LTIPs and this Agreement with an adjusted Fortune Brands Option (“Adjusted Fortune Brands
Options”), pursuant to which: 

  

	 	(i)	 the Intrinsic Value of each Adjusted Fortune Brands Option immediately after the Distribution shall be
equal to the Intrinsic Value of the corresponding Fortune Brands Option immediately prior to the Distribution; and 

  

	 	(ii)	 the ratio of the per share exercise price of each Adjusted Fortune Brands Option to the Fortune Brands
Post-Distribution Stock Price shall not exceed the ratio of the per share exercise price of the corresponding Fortune Brands Option to the Fortune Brands Pre-Distribution Stock Price. 

Each Adjusted Fortune Brands Option shall have the same terms and conditions as the corresponding Fortune Brands Option, except as provided herein. It is
intended that the adjustment set forth herein shall satisfy the requirements of Section 424 of the Code and avoid treatment as nonqualified deferred compensation subject to Section 409A of the Code. 

Section 6.02    Restricted Stock Units. 
  

	 	(a)	 RSUs Held by Cabinets Service Providers. Except with respect to Fortune Brands RSUs which have been
deferred under the Fortune Brands DCP, treatment of which is set forth in Section 3.04 above, Fortune Brands and Cabinets shall take any and all action as shall be necessary or appropriate, including approval of the provisions of this
Section 6.02(a) by the Cabinets Board of Directors and the Fortune Brands Compensation Committee pursuant to the terms of the applicable Fortune Brands LTIP, the applicable Cabinets LTIP and this Agreement, so that each Fortune Brands RSU held
at the close of business on the Distribution Date by any Cabinets Service Provider shall be replaced with a substitute Cabinets restricted stock unit award granted under the Cabinets LTIP (“Substitute Cabinets RSU
Award”). The number of Cabinets restricted stock units subject to the Substitute Cabinets RSU Award will be equal to the number of Fortune Brands restricted stock units subject to the Fortune Brands RSU Award held by the
participant at the close of business on the Distribution Date multiplied by a fraction, the numerator of which is the 

  
 11 

	 	
Fortune Brands Pre-Distribution Stock Price, and the denominator of which is the Cabinets Post-Distribution Stock Price. Each Substitute Cabinets RSU Award
shall vest and be payable based on the holder’s employment with the Cabinets Parties. Each Substitute Cabinets RSU Award shall have the same terms and conditions as the corresponding Fortune Brands RSU Award, except as provided herein.

  

	 	(b)	 RSUs Held by Persons Other Than Cabinets Service Providers. Fortune Brands shall take any and all action
as shall be necessary or appropriate, including approval of the provisions of this Section 6.02(b) by the Fortune Brands Compensation Committee pursuant to the terms of the applicable Fortune Brands LTIP and this Agreement, so that each Fortune
Brands RSU Award held at the close of business on the Distribution Date by any person who is not a Cabinets Service Provider shall be adjusted (“Adjusted Fortune Brands RSU Award”). The number of Fortune Brands
restricted stock units subject to the Adjusted Fortune Brands RSU Award will be equal to the number of Fortune Brands restricted stock units subject to the Fortunate Brands RSU Award held by the holder at the close of business on the Distribution
Date multiplied by a fraction, the numerator of which is the Fortune Brands Pre-Distribution Stock Price, and the denominator of which is the Fortune Brands Post-Distribution Stock Price. Each Adjusted Fortune
Brands RSU Award shall have the same terms and conditions as the corresponding Fortune Brands RSU Award, except as provided herein. 

Section 6.03    Performance Share Awards. 
  

	 	(a)	 Performance Share Awards Held by Cabinets Service Providers. Fortune Brands and Cabinets shall take any
and all action as shall be necessary or appropriate, including approval of the provisions of this Section 6.03(a) by the Cabinets Board of Directors pursuant to the terms of the applicable Cabinets LTIP and this Agreement, so that each Fortune
Brands performance share award held at the close of business on the Distribution Date by any Cabinets Service Provider will be replaced with a Substitute Cabinets RSU Award granted under the Cabinets LTIP. For purposes of determining the number of
Cabinets restricted stock units subject to the Substitute Cabinets RSU Award, the number of pre-Distribution Fortune Brands RSUs that are considered earned with respect to such performance share award shall be
determined by the Fortune Brands Compensation Committee based upon projected performance results through the end of the applicable performance period, calculated based on actual performance from the beginning of the applicable performance period
through the end of the fiscal quarter immediately preceding the Distribution Date and expected performance, as determined by the Fortune Brands Compensation Committee, through the remainder of the applicable performance period had the Distribution
not occurred. Each Substitute Cabinets RSU Award shall have a vesting period ending on the last day of the performance period applicable to the corresponding Fortune Brands performance share award to which it relates based on the holder’s
service with the Cabinets Parties, and shall have the same terms and conditions as the corresponding Fortune Brands performance share award, except as provided herein. 

 

	 	(b)	 Performance Share Awards Held by Persons Other Than Cabinets Service Providers. Fortune Brands shall
take any and all action as shall be necessary or appropriate, including approval of the provisions of this Section 6.03(b) by the Fortune Brands Compensation Committee pursuant to the terms of the applicable Fortune Brands LTIP and this
Agreement, so that each Fortune Brands performance share award held at 

  
 12 

	 	
the close of business on the Distribution Date by any person who is not a Cabinets Service Provider will be replaced with an Adjusted Fortune Brands RSU Award granted under the applicable Fortune
Brands LTIP. For purposes of determining the number of Fortune Brands restricted stock units subject to the Adjusted Fortune Brands RSU Award, the number of pre-Distribution Fortune Brands RSUs that are
considered earned with respect to such performance share award shall be determined by the Fortune Brands Compensation Committee based upon projected performance results through the end of the applicable performance period, calculated based on actual
performance from the beginning of the applicable performance period through the end of the fiscal quarter immediately preceding the Distribution Date and expected performance, as determined by the Fortune Brands Compensation Committee, through the
remainder of the applicable performance period had the Distribution not occurred. Each Adjusted Fortune Brands RSU Award shall have a vesting period ending on the last day of the performance period applicable to the corresponding Fortune Brands
performance share award to which it relates based on the holder’s service with the Cabinets Parties, and shall have the same terms and conditions as the corresponding Fortune Brands performance share award, except as provided herein.

 Section 6.04    Approval and Terms of Equity Awards. By approval of
the Cabinets Board of Directors and the Fortune Brands Compensation Committee pursuant to Sections 6.01, 6.02, and 6.03, Cabinets, as issuer of substitute and replacement awards provided hereunder, and Fortune Brands, as sole shareholder of
Cabinets, shall adopt and approve, respectively, the issuance of the substitute and replacement options and other awards provided for herein. Except as set forth above, the terms of the Fortune Brands LTIPs and of the outstanding equity compensation
awards held by participants under the Fortune Brands LTIPs and the substitute Cabinets equity awards shall be subject to the terms of such plans and applicable award agreements, except that references in such outstanding substitute and replacement
Cabinets awards to “Board” and “Committee” shall mean the Board, Compensation Committee or any other designated committee of Cabinets (as applicable) and references to the “Company” shall mean Cabinets. Notwithstanding
the foregoing, substitute awards made under the Cabinets LTIP pursuant to Cabinets’ obligations under this Agreement shall take into account all employment and service with both Fortune Brands and Cabinets, and their respective Subsidiaries and
Affiliates, for purposes of determining when such awards vest and terminate. 
 Section 6.05    No
Change in Control. The Distribution will not constitute a “change in control” for purposes of Fortune Brands equity awards that are outstanding as of the Distribution Date. 

Article VII.    COMPENSATION MATTERS AND GENERAL BENEFIT MATTERS 

Section 7.01    Cessation of Participation in Fortune Brands Plans and
Non-ERISA Benefit Arrangements. Except as otherwise provided in this Agreement or as required by the terms of any Fortune Brands Plan or Fortune Brands
Non-ERISA Benefit Arrangement, or by applicable law, Fortune Brands and Cabinets shall take any and all action as shall be necessary or appropriate so that participation in Fortune Brands Plans and Fortune
Brands Non-ERISA Benefit Arrangements by all Cabinets Employees shall terminate as of the close of business on the Distribution Date and the Cabinets Parties shall cease to be participating employers under the
terms of such Fortune Brands Plans and Fortune Brands Non-ERISA Benefit Arrangements as of such time. 

  
 13 

 Section 7.02    Assumption of Certain Employee Related
Obligations. Except as otherwise provided in this Agreement, effective as of the close of business on the Distribution Date, Cabinets shall assume, and no Fortune Brands Party shall have any further liability for, the following
agreements, obligations and liabilities, and Cabinets shall indemnify, defend and hold harmless each of the Fortune Brands Indemnified Parties from and against any and all Expenses or Losses incurred or suffered by one or more of the Fortune Brands
Indemnified Parties in connection with, relating to, arising out of or due to, directly or indirectly, any of the following: 
  

	 	(a)	 all agreements entered into between any Fortune Brands Party and any independent contractor providing services
to the extent they are related to the Cabinets Business; 

  

	 	(b)	 all collective bargaining agreements, collective agreements, trade union agreements or works council agreements
entered into between any Fortune Brands Party and any union, works council or other body to the extent they are related to the Business Employees; 

  

	 	(c)	 all wages, salary, incentive compensation, commissions and bonuses payable to Business Employees on or after
the Distribution Date, without regard to when such wages, salary, incentive compensation, commissions or bonuses are or may have been earned; 

  

	 	(d)	 all moving expenses and obligations related to relocation, repatriation, transfers or similar items incurred by
or owed to any Business Employee; 

  

	 	(e)	 all immigration-related, visa, work application or similar rights, obligations and liabilities to the extent
they are related to any Business Employees; and 

  

	 	(f)	 all liabilities and obligations whatsoever of the Transferred Business with respect to claims made by or with
respect to Business Employees, or any other to the extent their employment duties related to the Transferred Business, relating to any employee benefit plan, program or policy not otherwise retained or assumed by Fortune Brands pursuant to this
Agreement, including such liabilities relating to actions or omissions of or by the Cabinets Parties or any officer, director, employee or agent thereof prior to the Distribution Date. 

Section 7.03    Restrictive Covenants in Employment and Other Agreements. To the
extent permitted under applicable law, following the Distribution, the Cabinets Parties shall be considered to be successors to the Fortune Brands Parties for purposes of all agreements containing restrictive covenants (including confidentiality and
non-competition provisions) between any Fortune Brands Party and any Business Employee executed prior to the Distribution Date such that each Fortune Brands Party and each Cabinets Party shall all enjoy the
rights and benefits under such agreements, with respect to their respective business operations; provided, however, that (a) in no event shall any Fortune Brands Party be permitted to enforce the restrictive covenant agreements
against any Business Employees in their capacity as employees of any Cabinets Party, and (b) in no event shall any Cabinets Party be permitted to enforce the restrictive covenant agreements against any Fortune Brands employees in their capacity
as employees of any Fortune Brands Party. 
 Section 7.04    Severance. Effective as
of the Distribution Date, Cabinets will establish a severance plan on substantially the same terms and conditions as the Fortune Brands Home & Security, Inc. United States Severance Plan. Effective as of the Distribution Date, Cabinets
shall assume, and Fortune Brands shall have no liability or obligation with respect to the severance benefits provided to Business Employees. Following the Distribution Date, Cabinets shall be solely responsible for administering and paying all
benefits under the applicable severance plans, 

  
 14 

 
policies or agreements with Business Employees, including Business Employees whose employment terminated prior to the Distribution Date for an eligible reason under such policies or in accordance
with such agreements, and Cabinets shall indemnify each of the Fortune Brands Parties for any amounts payable to Business Employees under such plans, policies and agreements. It is not intended that any Fortune Brands Transferred Employee or
Cabinets Transferred Employee will be eligible for termination or severance payments or benefits from any Fortune Brands Party as a result of the transfer or change of employment from Fortune Brands to any Cabinets Party or vice versa.
Notwithstanding the preceding sentence, in the event that any such termination or severance payments or benefits become payable on account of such transfer, change or the refusal of a Fortune Brands Transferred Employee to accept employment with any
Cabinets Party, Cabinets shall indemnify each of the Fortune Brands Parties for the amount of such termination or severance payments or benefits. In the event that any such termination on severance payments or benefits become payable on account of
such transfer, change or the refusal of a Cabinets Transferred Employee to accept employment with any Fortune Brands Party, Fortune Brands shall indemnify each of the Cabinets Parties for the amount of such termination or severance payments or
benefits. 
 Section 7.05    Past Service Credit. With respect to all Business
Employees, as of the Distribution Date, the Cabinets Parties shall recognize all service recognized under the comparable Fortune Brands Plans and Fortune Brands Non-ERISA Benefit Arrangements for purposes of
determining eligibility, participation, vesting and calculation of benefits under comparable plans and programs maintained by the Cabinets Parties, provided that there shall be no duplication of benefits for Business Employees under such Cabinets
Party plans and programs. Fortune Brands will provide to Cabinets copies of any records available to Fortune Brands to document such service, plan participation and membership and cooperate with Cabinets to resolve any discrepancies or obtain any
missing data for purposes of determining benefit eligibility, participation, vesting and calculation of benefits with respect to the Cabinets Employees. With respect to retaining, destroying, transferring, sharing, copying and permitting access to
all such information, Fortune Brands and Cabinets shall each comply with all applicable laws, regulations and internal policies and each party shall indemnify and hold harmless the other party from and against any and all liability, claims, actions
and damages that arise from a failure (by the indemnifying party) to so comply with all applicable laws, regulations and internal policies applicable to such information. 

Section 7.06    Accrued Vacation Days Off. Effective as of the Distribution Date, the
Cabinets Parties shall recognize and assume all liability for all vacation, holiday, sick leave, flex days and personal days off, including banked vacation or sick leave, accrued by Cabinets Employees as of the Distribution Date, and the Cabinets
Parties shall credit each Cabinets Employee with such days off accrual. 
 Section 7.07    Leaves of
Absence. The Cabinets Parties shall continue to apply all leave of absence policies as in effect immediately prior to the Distribution to inactive Cabinets Employees who are on an approved leave of absence as of the Distribution
Date. Leaves of absence taken by Cabinets Employees prior to the Distribution Date shall be deemed to have been taken as employees of Cabinets. 

Section 7.08    Fortune Brands Assets. Except as otherwise set forth herein, Fortune
Brands shall retain all reserves, bank accounts, trust funds or other balances maintained with respect to Fortune Brands’ Non-ERISA Benefit Arrangements. 

  
 15 

 Section 7.09    Further Cooperation; Personnel Records;
Data Sharing. The parties shall provide each other such records and information as reasonably necessary or appropriate to carry out their obligations under law, this Agreement, or for the purposes of administering their
respective plans and policies, including without limitation information relating to the vesting, exercise and employment status of persons holding equity compensation awards in the common stock of the other party. Each party shall be responsible for
the accuracy of records and information provided to the other party pursuant to this Section 7.09, and shall indemnify such other party for any losses caused by inaccurate information that it has provided. Subject to applicable law, all
information and records regarding employment and personnel matters of Cabinets Employees shall be accessed, retained, held, used, copied and transmitted after the Distribution Date by Cabinets in accordance with all laws and policies relating to the
collection, storage, retention, use, transmittal, disclosure and destruction of such records. Access to such records after the Distribution Date will be provided to Fortune Brands in accordance with [Article XI] of the Distribution Agreement.
Notwithstanding the foregoing, Fortune Brands shall retain reasonable access to those records necessary for Fortune Brands’ continued administration of any plans or programs on behalf of Business Employees after the Distribution Date, and
Cabinets shall retain reasonable access to those records necessary for Cabinet’s administration of any equity award or other compensation or benefit payable or administered by the Cabinets Parties after the Distribution Date, provided that such
access shall be limited to individuals who have a job-related need to access such records. Fortune Brands shall also retain copies of all confidentiality and non-compete
agreements with any Cabinets Employee in which Fortune Brands has a valid business interest. With respect to retaining, destroying, transferring, sharing, copying and permitting access to all such information, Fortune Brands and Cabinets shall each
comply with all applicable laws, regulations and internal policies, and each party shall indemnify and hold harmless the other party from and against any and all liability, claims, actions, and damages that arise from a failure (by the indemnifying
party) to so comply with all applicable laws, regulations and internal policies applicable to such information. 
 Article
VIII.    GENERAL PROVISIONS 
 Section 8.01    Employment and Plan
Rights. Notwithstanding anything to the contrary in this Agreement, the Parties expressly acknowledge and agree that (a) this Agreement is not intended to create an employment-related contract between any of the Fortune
Brands Parties or the Cabinets Parties, on the one hand, and any employee or service provider, on the other, nor may any current or former employee or service provider rely on this Agreement as the basis for any breach of any employment-related
contract claim against any of the Fortune Brands Parties or Cabinets Parties, (b) nothing in this Agreement shall be deemed or construed to require any of the Fortune Brands Parties or Cabinets Parties to continue to employ any particular
employee or service provider for any period before or after the Distribution Date, (c) nothing in this Agreement shall be deemed or construed to limit the right of the Fortune Brands Parties or Cabinets Parties to terminate the employment of
any employee or service provider at any time before or after the Distribution Date and (d) nothing in this Agreement shall be construed as establishing or amending any Pension Plan, Welfare Plan or
Non-ERISA Benefit Arrangement, or any other plan, policy, agreement or arrangement for the benefit of any employee or any other person. 

Section 8.02    Confidentiality. Each Party agrees that any information conveyed or
otherwise received by or on behalf of a Party in conjunction herewith is confidential and is subject to the terms of the confidentiality provisions set forth in Section [11.7] of the Distribution Agreement. 

  
 16 

 Section 8.03    Administrative
Complaints/Litigation. Except as otherwise provided in this Agreement, following the Distribution Date, the Cabinets Parties shall assume, and be solely liable for, the handling, administration, investigation and defense of
actions, including ERISA, occupational safety and health, employment standards, union grievances, wrongful dismissal, discrimination or human rights and unemployment compensation claims, asserted at any time against the Fortune Brands Parties or the
Cabinets Parties by any Business Employee (including any dependent or beneficiary of any Business Employee), or any other person to the extent such actions or claims arise out of or relate to employment or the provision of services (whether as an
employee, contractor, consultant or otherwise) to or with the Transferred Business. 

Section 8.04    Reimbursement and Indemnification. Except as otherwise set forth
herein, the parties hereto agree to reimburse each other, within 30 days of receipt from the other party of appropriate verification, for all costs and expenses which each may incur on behalf of the other as a result of any of the Welfare Plans,
Pension Plans and Non-ERISA Benefit Arrangements and, as contemplated by Section 7.04, any termination or severance payments or benefits. All liabilities retained, assumed or indemnified against by
Cabinets pursuant to this Agreement, and all liabilities retained, assumed or indemnified against by Fortune Brands pursuant to this Agreement, shall in each case shall be subject to the indemnification procedures set forth in Article X of the
Distribution Agreement. 
 Section 8.05    Entire Agreement. This Agreement,
including any schedules hereto and the sections of the Distribution Agreement referenced herein, constitutes the entire agreement between the Parties with respect to the subject matter contained herein, and supersedes all prior agreements,
negotiations, discussions, understandings, writings and commitments between the Parties with respect to such subject matter. 

Section 8.06    Choice of Law. This Agreement shall be governed by and construed and
enforced in accordance with the substantive laws of the State of Delaware, as though all acts and omissions related hereto occurred in Delaware. 

Section 8.07    Amendment. This Agreement shall not be amended, modified or
supplemented except by a written instrument signed by an authorized representative of each of Fortune Brands and Cabinets. 

Section 8.08    Waiver. Any term or provision of this Agreement may be waived, or the
time for its performance may be extended, by the Party or Parties entitled to the benefit thereof. Any such waiver shall be validly and sufficiently given for the purposes of this Agreement if, as to any Party, it is in writing signed by an
authorized representative of such Party. The failure of any Party to enforce at any time any provision of this Agreement shall not be construed to be a waiver of such provision, or in any way to affect the validity of this Agreement or any part
hereof or the right of any Party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a waiver of any other or subsequent breach. 

Section 8.09    Partial Invalidity. Wherever possible, each provision hereof shall be
interpreted in such a manner as to be effective and valid under applicable law, but in case any one or more of the provisions contained herein shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such provision or
provisions shall be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such provision or provisions or any other provisions hereof, unless such a construction
would be unreasonable. 

  
 17 

 Section 8.10    Execution in
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original instrument, but all of which shall be considered one and the same agreement, and shall become binding when one or
more counterparts have been signed by and delivered to each of the Parties. 

Section 8.11    Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the Parties and their successors and permitted assigns; provided, however, that the rights and obligations of either Party under this Agreement shall not be assignable by such Party without the prior written
consent of the other Party. The successors and permitted assigns hereunder shall include any permitted assignee as well as the successors in interest to such permitted assignee (whether by merger, liquidation (including successive mergers or
liquidations) or otherwise). 
 Section 8.12    Notices. All notices or other
communications under this Agreement shall be in writing and shall be deemed to be duly given when delivered or mailed in accordance with the terms of Section [13.10] of the Distribution Agreement. 

Section 8.13    Performance. Each Party shall cause to be performed, and hereby
guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Affiliate of such Party. 

Section 8.14    No Public Announcement. Neither Fortune Brands nor Cabinets shall,
without the approval of the other, make any press release or other public announcement concerning the transactions contemplated by this Agreement, except as and to the extent that either Party shall be so obligated by law or the rules of any
regulatory body, stock exchange or quotation system, in which case the other Party shall be advised and the Parties shall use commercially reasonable efforts to cause a mutually agreeable release or announcement to be
issued; provided, however, that the foregoing shall not preclude communications or disclosures necessary to implement the provisions of this Agreement or to comply with applicable law, accounting and SEC disclosure
obligations or the rules of any stock exchange. 
 Section 8.15    Limited
Liability. Notwithstanding any other provision of this Agreement, no individual who is a stockholder, director, employee, officer, agent or representative of a Cabinets Party or a Fortune Brands Party, in its capacity as such,
shall have any liability in respect of or relating to the covenants or obligations of such Party under this Agreement, and, to the fullest extent legally permissible, each of Cabinets and Fortune Brands, for itself and its respective stockholders,
directors, employees, officers and Affiliates, waives and agrees not to seek to assert or enforce any such liability that any such Person otherwise might have pursuant to applicable law. 

Section 8.16    Mutual Drafting. This Agreement shall be deemed to be the joint
work product of Fortune Brands and Cabinets and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

Section 8.17    Dispute Resolution. The Parties agree that any dispute, controversy or
claim between them with respect to the matters covered hereby shall be governed by and resolved in accordance with the procedures set forth in [Article XII] of the Distribution Agreement. 

Section 8.18    No Third-Party Beneficiaries. No Business Employee or other current or
former employee of the Fortune Brands Parties or Cabinets Parties (or his/her spouse, dependent or beneficiary), or any other person not a party to this Agreement, shall be entitled to assert any claim hereunder. The provisions of this Agreement are
solely for the benefit of the Parties and their respective Affiliates, successors and permitted assigns and shall not confer upon any third Person any remedy, claim, liability, reimbursement or other right in excess of those existing without
reference to this Agreement. 

  
 18 

 Section 8.19    Effect if Distribution Does Not
Occur. Notwithstanding anything in this Agreement to the contrary, if the Distribution Agreement is terminated prior to the Distribution Date, this Agreement shall be of no further force and effect. 

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed in their names by a duly authorized officer as of the
date first written above. 
  

			
	FORTUNE BRANDS HOME & SECURITY, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MASTERBRAND, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 19

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