Document:

NON-QUALIFIED STOCK OPTION
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     ENERGIZER  HOLDINGS,  INC.  (the  "Company"),  effective November 20, 2000,
grants  this  Non-Qualified  Stock  Option  to  _______________  ("Optionee") to
purchase  a  total  of  _______  shares  of Common Stock of the Company ("Common
Stock")  at  a  price of $___ per share pursuant to its Energizer Holdings, Inc.
2000  Incentive  Stock Plan (the "Plan").  Subject to the provisions of the Plan
and  the following terms, Optionee may exercise this Option from time to time by
tendering  to  the Company written notice of exercise together with the purchase
price  in  cash,  or  in  shares  of  Common Stock at their Fair Market Value as
determined  by  the  Nominating  and  Executive  Compensation  Committee  (the
"Committee"),  provided that such shares have been held for at least six months.

1.     Normal  Exercise.  This  Option becomes exercisable at the rate of 20% of
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the  total shares on November 20 in each of the years 2001, 2002, 2003, 2004 and
2005.  This Option remains exercisable through November 19, 2010 unless Optionee
is  no  longer  employed by the Company, in which case the Option is exercisable
only  in  accordance  with  the  provisions  of  paragraph  3  below.

2.     Acceleration.  Notwithstanding  the  above,  any  shares  not  previously
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forfeited  under  this  Option  will  become fully exercisable before the normal
exercise dates set forth in paragraph 1 hereof upon the occurrence of any of the
following  events  while  Optionee  is  employed  by  the  Company:

     a.     death  of  Optionee;

b.     declaration,  by  the  Committee,  of  Optionee's  total  and  permanent
disability;

     c.     the  voluntary termination of employment of Optionee at or after age
55;

     d.     a  Change  of  Control;  or

     e.     the  involuntary termination of employment of Optionee, other than a
Termination  for  Cause.  For  purposes  of this Option, involuntary termination
shall  include  (i)  Optionee's  involuntary  termination of employment with the
Company  or  an  Affiliate  which  employs  Optionee;  or (ii) the sale or other
disposition  of  a majority of the stock or assets of an Affiliate which employs
Optionee.  In no event shall transfers of employment between the Company and any
of  its  Affiliates,  or  the  creation of a class of stock of the Company which
tracks  the  performance of an Affiliate, be deemed to constitute an involuntary
termination  of  employment.

3.     Exercise  After Certain Events.  Upon the occurrence of any of the events
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described  below,  any  shares  that  are exercisable upon such occurrence shall
remain  exercisable during the period stated below, but, in any event, not later
than  November  19,  2010:

     a.     If  Optionee's  employment is terminated due to declaration of total
and  permanent  disability,  death,  or  voluntary or involuntary termination of
employment  (other  than  a  Termination  for  Cause),  such  shares  that  are
exercisable  (including  any shares that are accelerated because of such events)
shall  remain  exercisable  for  five  years  thereafter;  or

     b.     If  Optionee's  employment  is  Terminated  for  Cause,  or  if  the
Committee  determines  that this Option is forfeit pursuant to Section IV of the
Plan  because  Optionee engages in competition with the Company or an Affiliate,
or Optionee engages in any activity or conduct contrary to the best interests of
the Company or any Affiliate, such shares that are then exercisable shall remain
exercisable  for  seven  days  after  such  Termination  or  declaration.

4.     Forfeiture.  This  Option  is  subject  to forfeiture for the reasons set
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forth  in  Section  IV.A.1,  3  or  4 of the Plan.  If there is a declaration of
forfeiture, those shares that are exercisable at the time of the declaration may
be exercised as set forth in paragraph 3 hereof; all other shares are forfeited.

5.     Definitions.  Unless  otherwise  defined  in  this  Non-Qualified  Stock
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Option,  defined  terms  used herein shall have the same meaning as set forth in
the  Plan.

     "Change  of  Control"  shall  occur  when  (i)  a  person, as defined under
securities laws of the United States, acquires beneficial ownership of more than
50%  of  the outstanding voting securities of the Company; or (ii) the directors
of the Company immediately before a business combination between the Company and
another  entity,  or  a proxy contest for the election of directors, shall, as a
result  thereof, cease to constitute a majority of the Board of Directors of the
Company  of  any  successor  to  the  Company.

6.     Severability.  The invalidity or unenforceability of any provision hereof
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in  any  jurisdiction  shall  not  affect  the validity or enforceability of the
remainder hereof in that jurisdiction, or the validity or enforceability of this
Non-Qualified Stock Option, including that provision, in any other jurisdiction.
To  the  extent permitted by applicable law, the Company and Optionee each waive
any  provision  of  law that renders any provision hereof invalid, prohibited or
unenforceable  in  any  respect.  If  any provision of this Option is held to be
unenforceable  for  any  reason,  it  shall  be  adjusted rather than voided, if
possible,  in order to achieve the intent of the parties to the extent possible.

ACKNOWLEDGED  AND  ACCEPTED:          ENERGIZER  HOLDINGS,  INC.

____________________________
Optionee
                                   By:_________________________
____________________________          J.  Patrick  Mulcahy
Date                                  Chief  Executive  Officer

                            List of Recipients
                            ------------------

Randy J. Rose
Ward M. Klein
Daniel J. Sescleifer2000 RESTRICTED STOCK EQUIVALENT AWARD AGREEMENT

     Energizer  Holdings, Inc. ("Company"), pursuant to its 2000 Incentive Stock
Plan  (the  "Plan"),  grants  to ______________ ("Recipient") a Restricted Stock
Equivalent  Award  of  up to 20,000 Company restricted common stock equivalents.
This  Award  Agreement  is  subject  to  the  provisions  of the Plan and to the
following  terms  and  conditions:

1.     Restricted  Stock  Equivalents  Award
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If,  at any time or from time to time, within two years of the effective date of
this  Award  Agreement,  Recipient  provides  evidence  to  the Secretary of the
Company, reasonably satisfactory to the Company, of his acquisition of shares of
the  Company's  $.01  par  value Common Stock ("Common Stock"), the Company will
credit the Recipient with a restricted common stock equivalent (an "Equivalent")
for  each  share  of  Common  Stock  so  acquired,  up  to  a  maximum of 20,000
Equivalents,  in  the aggregate.  (The shares of Common Stock which are acquired
by  the  Recipient and matched by Equivalents are referred to as "Matched Common
Stock"  herein.)  Shares  of  Common Stock which Recipient may acquire under the
terms  of  the  Company's Savings Investment Plan, and deferrals into stock unit
funds  under  the  Company's  other  benefit  plans  will  not  be  matched with
Equivalents.

2.     Holding  Period  for  Matched  Common  Stock
       --------------------------------------------

The  Recipient  agrees  that  he  shall  not sell or transfer any portion of the
Matched  Common  Stock  for  a  period  of three (3) years following the date of
acquisition of such portion, provided, however, that if Recipient pledges any of
the Matched Common Stock as collateral for any loan during that period, it shall
not  be  deemed  a  sale  or  transfer  of the shares for purposes of this Award
Agreement.

3.     Vesting;  Payment
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Each  Equivalent  will vest on the date that is three (3) years from the date of
its  crediting  and convert, at that time, or otherwise as provided herein, into
one  share  of Common Stock which will be issued to the Recipient. If Recipient,
no  later than thirty (30) days from the effective date of this Award Agreement,
elects  in  writing to defer the conversion of Equivalents into shares of Common
Stock,  the Equivalents will not convert into Common Stock, and shares of Common
Stock  will  not be issued to the Recipient, until the Recipient's retirement or
other  termination  of  employment with the Company.  Notwithstanding the above,
if, at the time of vesting, the payment to the Recipient would not be deductible
compensation  for  the  Company  because of the Recipient's status as one of the
five  (5)  most highly compensated officers of the Company, the Equivalents will
not  be  converted  into shares of Common Stock, and payment will not be made to
the  Recipient, until such time as the payment would be deductible compensation.

4.     Additional  Cash  Payment
       -------------------------

At  the  time of payment of shares of Common Stock to Recipient, as described in
paragraph  3 above, Recipient will also receive an additional cash payment equal
to  the amount of dividends, if any, which would have been paid on the shares of
Common  Stock issued to him if he had actually acquired those shares on the date
or  dates of crediting of his Equivalents.  No interest shall be included in the
calculation  of  such  additional  cash  payment.

5.     Acceleration
       ------------

Notwithstanding the provisions of paragraph 3 above, all Equivalents credited to
the  Recipient will immediately vest, convert into shares of Common Stock and be
paid  to the Recipient, his designated beneficiary, or his legal representative,
in  accordance  with  the  terms  of  the  Plan,  in  the  event  of:

     (a)     his  death;
(b)     a  declaration  of  his  total  and  permanent  disability;  or
(c)     a  Change  of  Control  of the Company, which for purposes of this Award
Agreement  shall be deemed to occur when (i) a person, as defined under the U.S.
securities  laws, acquires beneficial ownership of more than fifty percent (50%)
of  the  outstanding  voting securities of the Company; or (ii) the directors of
the  Company  immediately  before a business combination between the Company and
another  entity,  or  a proxy contest for the election of directors, shall, as a
result  thereof, cease to constitute a majority of the Board of Directors of the
Company  (or  a  successor  corporation  of  the  Company).

6.     Forfeiture
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All  rights  in  and  to  any and all Equivalents granted pursuant to this Award
Agreement,  and  to  any  shares  of Common Stock into which they would convert,
which  have not vested as described in paragraph 3 of this Award Agreement shall
be  forfeited  upon  the  Recipient's  retirement  or  voluntary  or involuntary
termination  of  employment.  In  addition,  any Equivalents granted pursuant to
this  Award  Agreement which have not vested shall be forfeited if the shares of
Matched  Common  Stock  to  which  they  relate  are  sold or transferred by the
Recipient  prior  to  three  (3)  years  from  the  date  of  crediting  of such
Equivalents.

7.     Shareholder  Rights;  Adjustment  of  Equivalents
       -------------------------------------------------

Recipient  shall  not  be  entitled, prior to the conversion of Equivalents into
shares  of  Common  Stock,  to  any rights as a shareholder with respect to such
shares  of  Common Stock, including the right to vote, sell, pledge, transfer or
otherwise  dispose  of  the shares.  Recipient shall, however, have the right to
designate  a beneficiary to receive such shares of Common Stock under this Award
Agreement,  subject  to  the provisions of Section V of the Plan.  The number of
Equivalents credited to Recipient may be adjusted, in the sole discretion of the
Nominating  and  Executive  Compensation  Committee  of  the  Company's Board of
Directors,  in  accordance  with  the  provisions  of Section VI(F) of the Plan.

8.     Other
       -----

The  Company reserves the right, as determined by the Committee, to convert this
Award  Agreement  to  a  substantially  equivalent  award  and to make any other
modification  it  may  consider  necessary  or  advisable  to  comply  with  any
applicable  law or governmental regulation, or to preserve the tax deductibility
of  any  payments  hereunder.

9.     Effective  Date
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This  Award  Agreement  shall  be  deemed  to be effective as of the 20th day of
November,  2000.

                         ENERGIZER  HOLDINGS,  INC.

                         By:_________________________
                                J. Patrick Mulcahy
                               Chief Executive Officer

ACKNOWLEDGED  AND  ACCEPTED:

________________________________
Recipient:  Daniel J. Sescleifer

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