Document:

EX-10.2

December 13, 2006

Ms. Marie S. Dreher

[Address]

Re: Separation

Dear Marie

As you know, you and Jacuzzi Brands, Inc. (hereinafter also referred to as “the Company”) are
parties to an Employment Agreement dated August 15, 2005 (hereafter, the “2005 Employment
Agreement”). The purpose of this letter is to confirm the terms of your separation from employment
with the Company as set forth in the 2005 Employment Agreement and further set forth herein.

1. Notice of Termination

This letter reconfirms the notification to you on October 13, 2006 that your employment is
being terminated without Cause as set forth in Sections 8(c) and (d) of the 2005 Employment
Agreement. As more fully explained in Section 12 of this letter, you will have at least 21 days to
consider signing the General Release that is a precondition to you receiving any of the benefits
outlined in this Agreement and 7 days after signing the General Release to revoke it. The effective
date of your separation from the Company’s employment will be December 15, 2006 (the “Termination
Date”). You should not sign the General Release until your Termination Date.

2. Consideration

In accordance with and subject to the terms and conditions of the 2005 Employment Agreement
and in consideration for your signing a General Release, and in consideration of your compliance
with the additional promises made herein, the Company confirms that you will receive the following:

(a) Severance Pay

The Company will provide you with the following:

(i) A lump sum payment of one times your annual base salary in effect on the date hereof,
pursuant to Section 8(c)(iii) of the 2005 Employment Agreement, minus applicable taxes; and

(ii) Pay for unreimbursed travel, entertainment and other business expenses incurred in the
performance of your duties which are in accordance with the Company’s policies with respect to such
expenses at the time they were incurred and any unused 2006 vacation pay and other Accrued Amounts
(as defined in the 2005 Employment Agreement).

(b) Bonus

Your bonus for Fiscal 2006 will be awarded and paid, in accordance with Section 8(d)(i)(2) of
the 2005 Employment Agreement, in the amount and at the time the bonus would have otherwise been
paid, notwithstanding the termination provided herein. The Company will be under no obligation to
you for any bonus for Fiscal 2007.

(c) Restricted Stock

16,667 shares of the shares of restricted stock in the Company which were granted to you on
August 15, 2005 shall vest and be delivered to you on the Termination Date, subject to provisions
being made for the withholding tax due thereon, in accordance with Section 8(d)(i)(1) of the 2005
Employment Agreement. 11,023 of the shares of restricted stock granted to you on December 5, 2005
remain eligible to vest on December 5, 2006. The remaining 22,045 shares of restricted stock will
be forfeited on the Termination Date.

(d) Health and Dental Coverage

Your health and dental coverage will be provided in accordance with Section 8(c)(iii) of the
2005 Employment Agreement.

(e) Other Benefit Plans

Your entitlement to benefits or payments under any of the Company’s benefit plans will
continue to be governed by the terms of those plans and as required by law and as stipulated by
Section 8(d)(ii) of the 2005 Employment Agreement. Your employment will not be treated as
terminated until the Termination Date.

(f) Relocation Allowance

Pursuant to the 2005 Employment Agreement, you will be reimbursed in an amount not to exceed
$6,275 for any remaining relocation expenses that you have incurred, subject to you providing the
Company with proper documentation of such expenses. No further amounts will be covered or
reimbursed pursuant to Section 4(b) of the 2005 Employment Agreement.

(g) Housing Allowance

You will be paid for the extension of your allowance pursuant to Section 4(b) of the 2005
Employment Agreement from August 15, 2006 through November 15, 2006 at $4,000 per month.

3. No Severance Benefits Absent Execution of General Release

You understand and agree that under the terms of the 2005 Employment Agreement, which governs
the amount of severance due you under the current circumstances, you are not entitled to receive
the monies and/or benefits specified in Section 2 above, except for your execution of a General
Release in a form acceptable to the Company and the fulfillment of the promises contained herein
and in Section 10 of your 2005 Employment Agreement. In addition, you acknowledge that the payments
and benefits set forth in this Agreement are all that you are entitled to receive from the Company.

4. General Release of Claims

Upon your Termination Date, a final draft of the General Release of Claims will be provided to
you. The form of the General Release of Claims is as follows:

In consideration of the payments to be made to you by the Company as set forth in the
Separation Agreement and the promises contained in the Separation Agreement, you, on your
own behalf and on behalf of your descendants, dependents, heirs, executors, administrators,
assigns, successors, and attorneys hereby knowingly and voluntarily and of your own free
will agree to release and forever discharge the Company, its affiliates, subsidiaries,
divisions, successors and assigns and the current and former employees, officers, directors
and agents thereof (collectively referred to throughout the remainder of this Agreement as
“Company’), of and from any and all claims, known and unknown, that you have or may have
against the Company as of the date of execution of this General Release, including, but not
limited to, any alleged violation of:

	 	•	 	Title VII of the Civil Rights Act of 1964, as amended;

	 	•	 	The Civil Rights Act of 1991;

	 	•	 	Sections 1981 through 1988 of Title 42 of the United States Code, as
amended;

	 	•	 	The Employee Retirement Income Security Act of 1974, as amended (“ERISA
`),

	 	•	 	The Immigration Reform and Control Act, as amended;

	 	•	 	The Americans with Disabilities Act of 1990, as amended;

	 	•	 	The Age Discrimination in Employment Act of 1967, as amended;

	 	•	 	The Workers Adjustment and Retraining Notification Act, as amended;

	 	•	 	The Occupational Safety and Health Act, as amended;

	 	•	 	The Salbanes-Oxley Act of 2002;

	 	•	 	The Florida Civil Rights Act, as amended;

	 	•	 	The Florida Human Rights Act;

	 	•	 	The Florida Whistle Blower statute;

	 	•	 	Florida Statutory Provision Regarding Retaliation/Discrimination for
Filing a Workers Compensation Claim;

	 	•	 	Florida Wage Discrimination Law;

	 	•	 	Florida Occupational Safety and Health Act;

	 	•	 	Florida Clean Indoor Air Act;

	 	•	 	Florida Wage Payment Laws;

	 	•	 	Equal Pay Law for Florida, as amended; Florida AIDS Act;

	 	•	 	Florida Discrimination on the Basis of Sickle Cell Trait Law;

	 	•	 	Any other federal, state or local civil or human rights law or any other
local, state or federal law, regulation or ordinance;

	 	•	 	Any public policy, contract, tort, or common law;

	 	•	 	Any alleged oral or written contract, including but not limited to the
2005 Employment Agreement and the Change in Control Agreement between you
and the Company dated as of August 15, 2005, as amended, the (the “CIC
Agreement’), (except as to the portions of the 2005 Employment Agreement
and the CIC Agreement which are specifically referred to herein as being
intended to survive the termination of your employment or which are
exempted from this General Release as described below).

	 	•	 	Any claim for costs, fees, or other expenses including attorneys’ fees,
except any fees and costs incurred in any action regarding the validity of
this waiver and release under the Older Worker ‘s Benefit Protection Act.

You further affirm that you have been paid and/or have received all leave (paid or
unpaid), compensation, wages, bonuses, commissions, and/or benefits to which you may be
entitled and that no other leave (paid or unpaid), compensation, wages, bonuses, commissions
and/or benefits are due to you, except as provided in this letter. You furthermore affirm
that you have no known workplace injuries or occupational diseases and have been provided
and/or have not been denied any leave requested under the Family and Medical Leave Act.

No Claims Filed

As a condition of the Company entering into this Agreement, you represent that you have
not filed with any government agency or court any claim against the Company relating to your
employment, your separation from employment, or otherwise. You further agree not to file
any such claim with a state or local government agency or any court, with the exception that
if the Company does not comply with its promises under this Agreement, you may sue the
Company to enforce the terms of this Agreement.

Exemptions from Release

(a) The General Release of Claims set forth above is not intended to and shall not
relieve the Company of any obligations it may have under Section 11 (Indemnification) of the
2005 Employment Agreement nor is this General Release of Claims intended to impair your
right to indemnification, if any, under the Company’s bylaws.

(b) The General Release of Claims set forth above is not intended to release claims
arising out of the enforcement of this Agreement, claims regarding the validity of the
release under the Older Worker’s Benefit Protection Act, or claims arising after the
effective date of the General Release.

(c) The General Release of Claims set forth above is not intended as a waiver of the
benefits or payments to which you may be entitled under the Company’s benefit or equity
plans or under the CIC Agreement.

(d) Except as otherwise specifically set forth above, the General Release of Claims is
intended to bar any and all claims that you now have or may have against the Company.

5. Cooperation

(a) Investigations, Administrative Proceedings Or Litigation

You agree that following your Termination Date you will reasonably cooperate with the Company
and its affiliates, and its respective staff and counsel, in connection with any investigation,
administrative proceeding or litigation relating to any matter occurring during your employment in
which you were involved or of which you have knowledge.

(b) Subpoenas

You agree that, if at any time following your Termination Date you are subpoenaed by any
person or entity {including, but not limited to, any government agency) to give testimony (in a
deposition, court proceeding or otherwise) which in any way relates to your employment with the
Company, you will give prompt notice of such request to the General Counsel of Jacuzzi Brands, Inc.
and will make no disclosure, unless legally required to do so, until the company has had a
reasonable opportunity to contest the right of the requesting person or entity to such disclosure.

The Company will reimburse you for reasonable out of pocket expenses incurred by you under
this section.

(c) Non-disparagement

Effective immediately, you agree not to defame, disparage or demean the Company, its
executives, businesses and/or brands in any manner whatsoever.

(d) Cooperation Up to Period of Termination

You agree that up to your Termination Date, you will assist the Company to transition your
duties upon your termination, You may accept other employment during this period, provided that you
are reasonably available to fulfill your duties under the preceding sentence.

6. Confidential Information, Non solicitation and Non-Competition

You acknowledge that you have been bound by the restrictive covenants contained in Section 10
of the 2005 Employment Agreement. More specifically, those covenants restrict you from (among other
things) divulging certain confidential Company information, soliciting certain Company employees
and competing against the Company. You further acknowledge that Section 10 of the 2005 Employment
Agreement is intended to survive the termination of your employment. You also acknowledge that part
of the severance paid to you under Section 2 of this Agreement is in consideration for your
agreement to abide by the restrictions set forth in Section 10 of the 2005 Employment Agreement.
You acknowledge that the Company continues to have an interest in protecting itself and its
confidential information from the activities that are restricted by Section 10. Finally, you
acknowledge that the restrictions contained in Section 10 of the 2005 Employment Agreement continue
to be reasonable both in geographic and temporal scope and remain in effect in accordance with the
terms of the 2005 Employment Agreement, except as provided above with respect to “Competition”.

7. No Admission of Wrongdoing

By entering into this Agreement, neither you nor the Company nor any of the Releasees, admit
any wrongdoing or violation of any law.

8. Resignation from All Offices

Effective immediately and in accordance with the terms of your 2005 Employment Agreement, you
will be deemed to have resigned as an officer of the Company, any subsidiary and any affiliate and
as a fiduciary of any benefit plan of any of the foregoing. You agree to execute any further
documentation requested by the Company to achieve this purpose prior to your receipt of the moneys
payable to you under Section 2 of this Agreement. You further agree and acknowledge that you will
not now or in the future apply for employment or re-employment in any capacity with the Company.

9. Governing Law and Interpretation

This Agreement and the accompanying General Release shall be governed and conformed in
accordance with the laws of the state of Florida without regard to its conflict of laws provision.
In the event that you breach any provision of this Agreement and/or of the General Release, you and
the Company affirm that either may institute an action to specifically enforce any term or terms of
this Agreement and/or the General Release. Should any provision of this Agreement be declared
illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be
enforceable, excluding the General Release language, such provision shall immediately become null
and void, leaving the remainder of this Agreement and the General Release in full force and effect.
Provided that, the Company’s obligation to make the payments in Section 2 of this Agreement is
conditioned upon your complying with the provisions of Section 10 of your 2005 Employment Agreement
as written. If you violate or challenge the enforceability of the provisions of Section 10 of your
2005 Employment Agreement, as written, or if they are found to be unenforceable, you will not be
entitled to continue to receive further payments, if any, set forth in Section 2 of this Agreement.

10. Return of Company Data and Property

You acknowledge that on or before the Termination Date you will return, and acknowledge your
return of, all Company property in your possession, including all documents relating to the Company
or it affiliates or any of their business or property, except for documents received by you in your
capacity as a benefit plan participant and except for copies of any agreements between you and the
Company.

11. Assignability

The Company may assign its rights and delegate its obligations under this Agreement to any
affiliate, successor, assign or Buyer. The rights and obligations of the Company shall inure to the
benefit of and be enforceable by its affiliates, successors, assigns or Buyer. You may not assign
any of your rights and obligations under this Agreement.

12. Enforceability

If any provision of this Agreement is held to be unenforceable for any reason, it shall be
adjusted rather than voided, if possible, to achieve the intent of the parties to the extent
possible. In any event, all other provisions of this Agreement shall be deemed valid and
enforceable to the extent possible.

13. Time to Consider Agreement, Consult with Advisors and Revocation Period

(a) You agree that you had sufficient opportunity to thoroughly discuss the implications of
this Agreement with independent advisors of your choice prior to signing this Agreement.

(b) You are advised that you should consult with an attorney regarding the General Release
contained in this Agreement.

(c) You acknowledge that you have been advised that you will be provided at least twenty-one
(21) days from the receipt of this Agreement within which to consider signing the General Release
in a form such as recited above and return it to the Company. You also acknowledge that any changes
to this Agreement, or to the General Release, made after it is initially presented, whether
material or non-material, will not restart the twenty-one (21) day period.

(d) In addition, you have a period of seven (7) days following the execution of the General
Release in which you may revoke it.

(e) Any sums called for in this Agreement will not be paid to you until the expiration of the
revocation period or ten business days after the Termination Date, whichever is later.

(f) In signing this Separation Agreement or the General Release, you agree that you have not
been induced to execute this Separation Agreement or the General Release herein by any
representatives or agreements other than what is expressly set forth in this letter or in the
General Release.

14. Amendment

This Agreement and the General Release may not be modified, altered or changed except upon
express written consent of both parties wherein specific reference is made to this Agreement and
General Release.

15. Entire Agreement

Upon the effective date of the General Release (once it has been signed by you and the
revocation period has passed without you revoking it), this Agreement and the General Release will
be deemed to set forth the entire agreement between the parties hereto, and fully supersede any
prior agreements or understandings between the parties, except for the provisions of the 2005
Employment Agreement and the CIC Agreement which, as set forth in Section 6 above, are intended to
survive the termination of your employment, and except for those provisions of the 2005 Employment
Agreement and the CIC Agreement which are specifically exempted from the General Release as set
forth in Section 4 of this Agreement. You acknowledge that you have not relied on any
representations, promises, or agreements of any kind made to you in connection with your decision
to accept this Agreement and General Release, except for those set forth in this Agreement and
General Release. You will continue as an employee of the Company until your Termination Date in
accordance with the terms of the 2005 Employment Agreement, except your duties are as set forth in
Section 5(d) of above and that you and the Company have agreed to the provisions of Section 7 above
regardless of any terms of the Employment Agreement to the contrary.

16. Effective Date of Agreement

Except for those Sections of this Agreement which specifically state that they are effective
at some other time, this Agreement as well as the General Release will become effective on the
eighth day after the General Release is executed by you, provided you have not revoked the General
Release within the revocation period.

We would like to extend our sincere hope for success in your future endeavors.

Very truly yours,

s/s

Steven C. Barre

Senior Vice President, General Counsel

and Secretary

HAVING HAD A REASONABLE PERIOD OF TIME TO CONSIDER THIS AGREEMENT, HAVING ELECTED TO EXECUTE
THIS AGREEMENT, TO FULFILL THE PROMISES AND TO RECEIVE THE SUMS AND BENEFITS OF SECTION 2 ABOVE,
YOU FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTER INTO THIS AGREEMENT.

IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this Separation
Agreement as of the date set forth below:

	 	 	 
	 
	 	 
	 
	 	 
	FOR: The Company:

	 	AGREED:
	 
	 	 
	s/s

	 	s/s
	 
	 	 
	Steven C. Barre Date 12/13/06

Senior Vice President,

General Counsel and Secretary

	 	

Marie S. Dreher

Date 12/13/06EX-10.3

AMENDMENT TO

CHANGE IN CONTROL AGREEMENT

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into on December 13, 2006, by
and between Jacuzzi Brands, Inc., a Delaware corporation, with its principal office at Phillips
Point – West Tower, 777 South Flagler Drive, Suite 1108, West Palm Beach, Florida 33401 (the
“Company”), and Marie S. Dreher (the “Executive”).

Preliminary Statements

A. The parties previously entered into a Change in Control Agreement dated August 15, 2005
(the “Original Agreement”).

B. The parties wish to amend the Original Agreement as provided herein.

Agreement

NOW, THEREFORE, in consideration of the premises, the mutual covenants set forth herein, and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:

1. Except as expressly amended herein, the Original Agreement remains in full force and
effect. Unless otherwise defined, capitalized terms used herein shall have the meanings given to
them in the Original Agreement.

2. The following definitions are hereby added to Section 1 of the Original Agreement as
follows:

"(o) “Merger” means the transaction contemplated by the Agreement and Plan of
Merger dated as of October 11, 2006 among the Company, Jupiter Acquisition, LLC and
Jupiter Merger Sub, Inc., as it may be amended or any other transaction
constituting a Change in Control which occurs between the Company and Jupiter
Acquisition, LLC, or its affiliates, which is entered into and approved by the
Company’s Board of Directors on or before April 30, 2007.”

"(q) “Welfare Benefits” means all medical, dental and vision benefits provided
under the plans, policies and programs of the Company, but only to the extent that
the Executive participated in such benefits on the Date of Termination.”

3. Section 7 of the Original Agreement is hereby amended by deleting the text therein in its
entirety and replacing it with the following text:

“7. Payment. Any amount due to Executive under this Agreement shall be paid
in lump sum in cash within the later of (i) ten days after the date of termination or (ii)
ten days after the Change in Control.”

4. New Section 12 is hereby added to the Original Agreement as follows:

“12. Termination During the One-Year Period Preceding a Change in Control
pursuant to the Merger. In the event that Executive’s employment is terminated for any
reason during the one year period which occurs prior to a Change in Control pursuant to the
terms of the Merger, then the Executive shall be entitled to receive the payments and
benefits provided for in Section 2 of this Agreement under the heading “Without Cause or
for Good Reason”; provided, however, that (i) the lump sum payment provided for in Section
2(B) under the heading “Without Cause or for Good Reason” shall include one times the
Executive’s Highest Base Salary instead of two times Executive’s Highest Base Salary and
(ii) the acceleration of vesting of all equity compensation provided for in Section 2(G)
shall also apply to any equity compensation that was forfeited by the Executive on or
following the Date of Termination so that such equity compensation will be treated as if it
was not forfeited.”

5. This Amendment, the Original Agreement and the documents referred to herein and therein
constitute the entire agreement of the parties and supersede all other agreements, both oral and
written, between the parties with respect to the subject matter hereof and any previous
understandings or modifications relating to the foregoing documents, whether oral, written or
otherwise.

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

JACUZZI BRANDS, INC.

By: s/s Steven C. Barre

Name: Steven C. Barre

Title:SVP and General Counsel

EXECUTIVE

s/s Marie S. Dreher

Marie S. Dreher

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