Document:

EX-10.1

Exhibit 10.1

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) dated as of May 15,
2005, between Compex Technologies, Inc. (the “Company”), a Minnesota corporation, and Marshall T.
Masko (the “Executive”), currently a resident of Minnesota.

WHEREAS, the Company and Executive have heretofore entered into that certain Employment
Agreement dated as of November 23, 2002 (the “Original Agreement”) pursuant to which the Executive
has served as the Vice President U.S. Consumer Operations of the Company;

WHEREAS, the Executive has determined to accept a promotion (the “Promotion”) to the position
of President of Worldwide Consumer Products of the Company effective as of April 25, 2005 (the
“Effective Date”), a position that will require considerable international travel;

WHEREAS, the Company and the Executive desire to amend and restate the Original Agreement in
its entirety effective as of the Effective Date to reflect the terms upon which the Executive will
serve in such new position.

NOW, THEREFORE, in consideration of the premises, the mutual agreements set forth below and
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the parties agree effective as of the Effective Date, the Original Agreement shall be and hereby is
amended and restated in its entirety. Executive’s employment with the Company shall continue on the
following terms:

1. Employment. The Executive accepts employment and agrees to perform services for the
Company, for the period and upon the other terms and conditions set forth in this Agreement.

2. Term. Unless terminated at an earlier date in accordance with Section 9 of this Agreement,
the initial term (the “Initial Term”) of the Executive’s employment hereunder commencing on the
Effective Date and ending on June 30, 2006, but shall be automatically renewed at the end of the
Initial term for an additional one year term (the “Renewal Term”), and for successive one year
Renewal terms thereafter, unless either the Executive or the Company notifies the other party in
writing at least 60 days in advance of such Renewal Term of its intent not to renew.

3. Position and Duties.

(a) Service with Company. The Executive agrees to perform such reasonable employment
duties as the Chief Executive Officer of the Company shall assign to him from time to time. The
Executive’s title shall initially be “President of Worldwide Consumer Services,” but may be altered
in the discretion of the Board of Directors of the Company. The Executive shall report to the
Company’s Chief Executive Officer in such capacity. Executive also agrees to serve, for any period
for which Executive is elected, as an officer of Compex SA (“CSA”), a Swiss company, and of such
subsidiaries of CSA as the Company shall designate; provided, however, that Executive shall have no
entitlement to serve in such capacity and shall not be entitled to any additional compensation for
serving as an officer CSA or any such subsidiaries. As President of Worldwide Consumer Services,
Executive’s duties will include, but not be limited to:

	 	•	 	Overseeing marketing and sales functions for the Company’s consumer products worldwide,
including those functions that Executive oversaw as Vice President US Consumer Operations
prior to the Promotion;

	 	•	 	Managing the European financial group, human resources function and management
information;

	 	•	 	Strengthening current retail sales of consumer products and expanding into new markets;

	 	•	 	Initiating a TV campaign using low cost products in Italy, Germany and Spain by a date
directed by the Company’s Chief Executive Officer, but assuming the Company provides
adequate

1

• financial resources to initiate the campaign, that the TV campaign
is viable in the market(s), and that the Chief Executive Officer agrees that the projected
results of the campaign justify the economic investment;

	 	•	 	Authority to hire, terminate and make other restructuring initiatives at CSA and its
subsidiaries, as needed.

(b) Performance of Duties. The Executive agrees to serve the Company faithfully and
to the best of his ability and to devote his full time, attention and efforts to the business and
affairs of the Company during his employment by the Company. The Executive hereby confirms that he
is under no contractual commitments inconsistent with his obligations set forth in this Agreement
and that during the term of this Agreement, he will not render or perform services for any other
corporation, firm, entity or person which are inconsistent with the provisions of this Agreement.
While he remains employed by the Company, the Executive may participate in reasonable charitable
activities and personal investment activities, including continued participation in the Business
Development Group, in which Executive is a Senior Partner, so long as such activities do not
interfere with the performance of his obligations under this Agreement.

(c) Location and Relocation. Executive shall perform the services hereunder during
the Initial Term, and if so directed by the Company, during the first Renewal Term (collectively,
the “Expatriate Term”), at the offices of CSA in Ecublens, Switzerland and Annecy, France, and at
the Company’s offices in New Brighton, Minnesota. Executive acknowledges that it is the
expectation of the Company that during the Expatriate Term he shall devote approximately three
weeks in each month in Europe, with approximately half that time headquartered in France and half
in Switzerland, and the balance of the time each month at the Company’s offices in Minnesota,
although both the Executive and the Company acknowledge that further travel within Europe and the
United States will be required. Executive further acknowledges, however, that he is retaining his
principal residence in Minnetonka, Minnesota, that his family will not, except as referenced below,
be accompanying Executive to Europe, and that Executive’s employment shall continue to be with the
Company as a US Expatriate and not as an employee with CSA or its subsidiaries. In furtherance of
the foregoing, the Company agrees to reimburse the Executive during the Expatriate Term for:

	 	•	 	Monthly air travel between Europe and Minneapolis, Minnesota, at most economical coach
class;

	 	•	 	Start-up costs for personal banking and credit in Europe, including currency translation
charges and fees (but not currency translation adjustment) for the use of personal cash and
credit transferred from the United States;

	 	•	 	Expenses incurred with regulatory or other administrative agencies associated with the
move to, or commerce to, Europe;

	 	•	 	The cost of an apartment in or around Lausanne, Switzerland, subject to such limits on
monthly rental and associated expense as shall be imposed by the Company’s Chief Executive
Officer;

	 	•	 	The cost of air travel between Europe and Minneapolis, Minnesota for Executive’s spouse
and two children at most economical coach fares for at least two round trips per annum;

	 	•	 	Executive’s travel expenses to return to the U.S. for family emergencies (limited to
severe health and related issues for your spouse, parents, children, your spouse’s parents,
and brothers/sisters); and

	 	•	 	The lease and operating expense for an automobile in accordance with the automobile
lease policies of CSA.

The Company may require Executive to relocate full-time to the United States at any time. To the
extent the Company requires such relocation, or at termination of this Agreement, the Company shall
reimburse Executive for return air travel, most economical coach class, and for reasonable shipping
costs back to Executive’s principal residence in the United States.

4. Compensation.

(a) Base Salary. As compensation in full for all services to be rendered by the
Executive under this Agreement, the Company shall pay to the Executive a base salary of $200,000
per annum, less deductions and withholdings, which salary shall be paid on a bi-monthly basis in
arrears in accordance with the Company’s normal payroll procedures and policies. The
compensation payable to the Executive during each year after the first year of the
Executive’s employment shall be established by the Company’s Board of Directors following an annual
performance review, but in no event shall the salary for any subsequent year be less than the
salary in effect for the prior year.

(b) Incentive Compensation. In addition to the base salary, the Executive shall be
eligible to participate in any bonus or incentive compensation plans that may be established by the
Board of Directors of the Company from time to time applicable to the Executive. For the first
twelve months of this Agreement, the Company will establish a bonus program for the fiscal year
ending June 30, 2006, that will provide the Executive the opportunity to achieve an annual bonus of
up to 40% of his annual base salary (subject to satisfaction of performance measures to be
established by the Company’s Chief Executive Officer, in his absolute discretion), such bonus to be
pro rated for the actual number of months served.

(c) Participation in Benefit Plans. While he is employed by the Company, the
Executive shall also be eligible to participate in all executive and employee benefit plans or
programs of the Company (and not of CSA) to the extent that the Executive meets the requirements
for each individual plan, including the Company’s Employee Stock Purchase Plan. The Company
provides no assurance as to the adoption or continuance of any particular employee benefit plan or
program, and the Executive’s participation in any such plan or program shall be subject to the
provisions, rules and regulations applicable thereto; provided, however, that notwithstanding any
such changes, Executive shall be entitled to not less than four weeks paid vacation per annum.

(d) Expenses. In addition to the expenses set forth in section 3(d) and 4(c), the
Company will pay or reimburse the Executive for all reasonable and necessary out-of-pocket expenses
incurred by him in the performance of his duties under this Agreement, subject to the Company’s
normal policies for expense verification.

(e) Issuance of Stock Option. Concurrently with the execution of this Agreement, the
Company is granting to the Executive an additional option to purchase up to 15,000 shares of the
Company’s common stock pursuant to the Company’s 1998 Stock Incentive Plan. Such option shall be
subject to the vesting schedule and terms and conditions set forth in the form of stock option
agreement attached as Exhibit A hereto, provided, however, that if Executive’s title is changed
from the title set forth in Section 3(a) to a title of lesser responsibility or authority for any
reason other than “Cause” (as defined in Section 9(b)), such stock option shall become fully vested
and exercisable with respect to all 15,000 shares (to the extent not previously exercised).

(f) Tax Equalization. During the Expatriate Term, the Company will provide
reimbursements as set forth in this subsection (f) to the extent that the total income taxes for
all taxing jurisdictions paid by Executive because of his presence in Europe are in excess of
income taxes that Executive would have paid had he remained in the U.S. with a base salary as set
forth in Section 4(a) and not accepted the part-time assignment to Europe. The Company will
continue to withhold U.S. Federal and Minnesota state income taxes and FICA tax on all of
Executive’s wages and other compensation subject to withholding, regardless of the location of
Executive’s services. To the extent additional withholding is required in any country in Europe in
which Executive is providing services, the Company or a subsidiary of the Company shall pay such
withholding on Executive’s behalf (the “Foreign Withholding”) and, if required, such Foreign
Withholding shall be considered additional compensation to Executive.

The Company will reimburse Executive for the cost of preparing United States Federal and state
income tax returns, and foreign income tax returns, for each taxable year any part of which
coincides with the Expatriate Term, provided that Executive uses an accounting firm acceptable to
the Company. After completion of such returns, to the extent, after application of all foreign tax
credits or other deductions available to Executive, that Executive is required to pay aggregate
taxes in all jurisdictions with respect to any taxable year included in the Expatriate Term in
excess of the amount that Executive would have paid had his employment with the Company been
limited to the State of Minnesota in the United States, the Company shall make a tax equalization
payment to Executive (the “Tax Equalization Payment”), on or before April 15 of the year in which
such taxes are due, in the amount of such excess. To the extent such Tax Equalization Payment
results in additional Minnesota or United States federal income taxes for Executive in the year so
paid, the Company will make a supplemental tax equalization payment before April 15 of the next
subsequent year.

5. Confidential Information. Except as permitted or directed by the Company’s Chief Executive
Officer, during the term of his employment or at any time thereafter, the Executive shall not
Purposefully divulge, furnish or make accessible to anyone or use in any way (other than in the
ordinary course of the business of the Company) any confidential or secret knowledge or information
of the Company that the Executive has acquired or become acquainted with or will acquire or become
acquainted with prior to the termination of the period of his employment by the Company (including
employment by the Company or any affiliated companies prior to the date of this Agreement), whether
developed by himself or by others, concerning any trade secrets, confidential or secret designs,
processes, formulae, plans, devices or material (whether or not patented or patentable) directly or
indirectly useful in any aspect of the business of the Company, any customer or supplier lists of
the Company, any confidential or secret development or research work of the Company, or any other
confidential information or secret aspects of the business of the Company. The Executive
acknowledges that the above-described knowledge or information constitutes a unique and valuable
asset of the Company and represents a substantial investment of time and expense by the Company,
and that any purposeful disclosure or other use of such knowledge or information other than for the
sole benefit of the Company would be wrongful and would cause irreparable harm to the Company. Both
during and for a period of two years after the term of his employment, the Executive will
refrain from any acts or omissions that would reduce the value of such knowledge or information to
the Company. The foregoing obligations of confidentiality shall not apply to any knowledge or
information that is now published or which subsequently becomes generally publicly known in the
form in which it was obtained from the Company, other than as a direct or indirect result of the
breach of this Agreement by the Executive, or that was known to Executive before becoming an
employee of the Company, or that is obtained by Executive from a third party source not under any
obligation of confidentiality . For purposes of this Section 5, “Purposeful” disclosure shall mean
any disclosure made with knowledge that the material disclosed was confidential or secret
information.

6. Ventures. If, during the term of his employment the Executive is engaged in or associated
with the planning or implementing of any project, program or venture involving the Company and a
third party or parties, all rights in such project, program or venture shall belong to the Company.
Except as approved by the Company’s Chief Executive Officer, the Executive shall not be entitled to
any interest in such project, program or venture or to any commission, finder’s fee or other
compensation in connection therewith other than the compensation to be paid to the Executive as
provided in this Agreement. The Executive shall have no interest, direct or indirect, in any vendor
or customer of the Company.

7. Noncompetition Covenant.

(a) Agreement Not to Compete. During the term of his employment with the Company and
for a period of one year after the termination of such employment (whether such termination is with
or without cause, or whether such termination is occasioned by the Executive or the Company), he
shall not, directly or indirectly, engage in competition with the Company in any manner or capacity
(e.g., as an advisor, principal, agent, partner, officer, director, stockholder, Executive, member
of any association or otherwise) in the design, development, manufacture, distribution, marketing,
leasing or selling of accessories, devices or systems for electrical stimulation for medical or
fitness applications, or hire any current or former Executive of the Company.

(b) Geographic Extent of Covenant. The obligations of the Executive under Section
7(a) shall apply to any geographic area in which the Company (i) has engaged in business during the
term of this Agreement through production, promotional, sales or marketing activity, or otherwise,
or (ii) has otherwise established its goodwill, business reputation or any customer or supplier
relations.

(c) Limitation of Covenant. Ownership by Executive (i) of the securities of any
corporation not engaged in the design, development, manufacture, distribution, marketing, leasing
or selling of accessories, devices or systems for electrical stimulation for medical or fitness
applications, or (ii) as a passive investment of less than two percent of the outstanding shares of
capital stock of any corporation listed on a national securities exchange or publicly traded on
Nasdaq that is so engaged, shall not constitute a breach of this Section 7.

(d) Indirect Competition. The Executive will not, directly or indirectly, assist or
encourage any other person in carrying out, directly or indirectly, any activity that would be
prohibited by the above provisions of this Section 7 if such activity were carried out by the
Executive, either directly or indirectly. In particular the Executive agrees that he will not,
directly or indirectly, induce any Executive of the Company to carry out, directly or indirectly,
any such activity.

(e) Acknowledgment. The Executive agrees that the restrictions and agreements
contained in this Section 7 are reasonable and necessary to protect the legitimate interests of the
Company and that any violation of this Section 7 will cause substantial and irreparable harm to the
Company that would not be quantifiable and for which no adequate remedy would exist at law and
accordingly injunctive relief shall be available for any violation of this Section 7.

(f) Blue Pencil Doctrine. If the duration or geographical extent of, or business
activities covered by, this Section 7 are in excess of what is valid and enforceable under
applicable law, then such provision shall be construed to cover only that duration, geographical
extent or activities that are valid and enforceable. The Executive acknowledges the uncertainty of
the law in this respect and expressly stipulates that this Agreement be given the construction
which renders its provisions valid and enforceable to the maximum extent (not exceeding its express
terms) possible under applicable law.

8. Patent and Related Matters.

(a) Disclosure and Assignment. The Executive, to the extent that he has the legal
right to do so, hereby acknowledges that every invention, discovery, improvement, device, design,
apparatus, practice, process, method or product, whether patentable or not, made, developed,
perfected, devised, conceived or first reduced to practice by the Executive, either solely or in
collaboration with others, during the term of this Agreement, whether or not during regular working
hours, relating either directly or indirectly to the business, products, practices or techniques of
the Company (a “Development”) are the property of the Company and hereby assigns and agrees to
assign to the Company any and all of the Executive’s right, title and interest in and to any and
all of the Developments. At the request of the Company, the Executive will confer with the Company
and its representatives for the purpose of disclosing all Developments to the Company as the
Company shall reasonably request during the term of this Agreement and for a period ending one year
after termination of the Executive’s employment with the Company.

(b) Future Developments. As to any future Developments made by the Executive and that
are first conceived or reduced to practice during the term of this Agreement, or within six months
thereafter, to the extent the Executive claims such Developments belong to an entity or person
other than the Company, the Executive will disclose the same in writing to the Company and shall
not disclose the same to others if the Company, within 20 days thereafter, shall claim ownership in
writing of such Developments under the terms of this Agreement. If the Company makes no such claim,
the Executive hereby acknowledges that the Company has made no promise to receive and hold in
confidence any such information disclosed by the Executive.

(c) Limitation on Sections 8(a) and 8(b). The provisions of Section 8(a) and 8(b)
shall not apply to any Development meeting the following conditions:

(i) such Development was developed entirely on the Executive’s own time;

(ii) such Development was made without the use of any Company equipment, supplies, facility or
trade secret information;

(iii) such Development does not relate (A) directly to the business of the Company or (B) to
the Company’s actual or demonstrably anticipated research or development; and

(iv) such Development does not result from any work performed by the Executive for the
Company.

(d) Assistance of the Executive. Upon request and without further compensation
therefore, but at no expense to the Executive, the Executive will do all lawful acts, including but
not limited to, the execution of papers and lawful oaths and the giving of testimony, that in the
opinion of the Company, may be necessary or desirable in obtaining, sustaining, reissuing,
extending and enforcing United States and foreign copyrights and Letters Patent, including but not
limited to, design patents, on the Developments, and for perfecting, affirming and recording the
Company’s complete ownership and title thereto, and to cooperate otherwise in all proceedings and
matters relating thereto.

(e) Records. The Executive will keep complete, accurate and authentic accounts,
notes, data and records of the Developments in the manner and form requested by the Company. Such
accounts, notes, data and records shall be the property of the Company, and, upon its request, the
Executive will promptly surrender same to it or, if not previously surrendered upon its request or
otherwise, the Executive will surrender the same, and all copies thereof, to the Company upon the
conclusion of his employment.

(f) Obligations, Restrictions and Limitations. The Executive understands that the
Company may enter into agreements or arrangements with agencies of the United States Government,
and that the Company may be subject to laws and regulations which impose obligations, restrictions
and limitations on it with respect to inventions and patents which may be acquired by it or which
may be conceived or developed by Executives, consultants or other agents rendering services to it.
The Executive shall be bound by all such obligations, restrictions and limitations applicable to
any such invention conceived or developed by him while he is employed by the Company and shall take
any and all further action which may be required to discharge such obligations and to comply with
such restrictions and limitations.

(g) Copyrightable Material. All right, title and interest in all copyrightable
material that the Executive shall conceive or originate, either individually or jointly with
others, and which arise out of the performance of this Agreement, will be the property of the
Company and are by this Agreement assigned to the Company along with ownership of any and all
copyrights in the copyrightable material. Upon request and without further compensation therefore,
but at no expense to the Executive, the Executive shall execute all papers and perform all other
acts necessary to assist the Company to obtain and register copyrights on such materials in any and
all countries. Where applicable, works of authorship created by the Executive for the Company in
performing his responsibilities under this Agreement shall be considered “works made for hire,” as
defined in the U.S. Copyright Act.

(h) Know-How and Trade Secrets. All know-how and trade secret information conceived
or originated by the Executive that arises out of the performance of his obligations or
responsibilities under this Agreement or any related material or information shall be the property
of the Company, and all rights therein are by this Agreement assigned to the Company.

9. Termination of Employment.

(a) Grounds for Termination. The Executive’s employment shall terminate prior to the
expiration of the initial term set forth in Section 2 or any extension thereof in the event that at
any time:

(i) The Executive dies,

(ii) The Executive becomes “disabled,” so that he cannot perform the essential
functions of his position with or without reasonable accommodation,

(iii) The Board of Directors of the Company elects to terminate this Agreement for
“Cause”(as defined in Section 9(b)) and notifies the Executive in writing of such election,

(iv) The Board of Directors of the Company elects to terminate this Agreement without
“Cause” (as defined in Section 9(b)) and notifies the Executive in writing of such election,
or

(v) The Executive elects to terminate this Agreement and notifies the Company in
writing of such election.

If this Agreement is terminated pursuant to clause (i), (ii) or (iii) of this Section 9(a),
such termination shall be effective immediately. If this Agreement is terminated pursuant to clause
(iv) or (v) of this Section 9(a), such termination shall be effective 60 days after delivery of the
notice of termination. If termination is pursuant to clauses (i) and or (ii), Executive’s estate
shall be entitled to collect all contractual benefits due employee through his last day of
employment and all such options as are vested, including those due to vest, but not yet vested,
within the remainder of that contract year.

(b) “Cause” Defined. “Cause” means:

(i) The Executive has breached the provisions of Section 5, 7 or 8 of this Agreement
in any material respect;

(ii) The Executive has engaged in willful and material misconduct, including willful
and material failure to perform the Executive’s duties as an officer or Executive of the
Company and has failed to cure such default within 30 days after receipt of written notice
of default from the Company;

(iii) The Executive has committed fraud, misappropriation or embezzlement in connection
with the Company’s business; or

(iv) The Executive has been convicted or has pleaded nolo contendere to criminal
misconduct (except for parking violations and occasional minor traffic violations).

In the event that the Company terminates the Executive’s employment for “cause” pursuant to
clause (ii) of this Section 9(b) and the Executive objects in writing to the Board’s determination
that there was proper “cause” for such termination within 30 days after the Executive is notified
of such termination, the matter shall be resolved by arbitration in accordance with the provisions
of Section 10(a). If the Executive fails to object to any such determination of “cause” in writing
within such 30-day period, he shall be deemed to have waived his right to object to that
determination. If such arbitration determines that there was not proper “cause” for termination,
such termination shall be deemed to be a termination pursuant to clause (iv) of Section 9(a) and
the Executive’s sole remedy shall be to receive the wage continuation benefits contemplated by
Section 9(f).

(c) Effect of Termination. Notwithstanding any termination of this Agreement, the
Executive, in consideration of his employment hereunder to the date of such termination, shall
remain bound by the provisions of this Agreement which specifically relate to periods, activities
or obligations upon or subsequent to the termination of the Executive’s employment.

(d) “Disabled” Defined. “Disabled” means any mental or physical condition that
renders the Executive unable to perform the essential functions of his position, with or without
reasonable accommodation, for a period in excess of three months.

(e) Surrender of Records and Property. Upon termination of his employment with the
Company, the Executive shall deliver promptly to the Company all records, manuals, books, blank
forms, documents, letters, memoranda, notes, notebooks, reports, data, tables, calculations or
copies thereof that relate in any way to the business, products, practices or techniques of the
Company, and all other property, trade secrets and confidential information of the Company,
including, but not limited to, all documents that in whole or in part contain any trade secrets or
confidential information of the Company, which in any of these cases are in his possession or under
his control.

(f) Salary Continuation. If the Executive’s employment by the Company is terminated
by the Company pursuant to clause (ii) or (iv) of Section 9(a), the Company shall continue to pay
to the Executive his base salary (less any payments received by the Executive from any disability
income insurance policy provided to him by the Company) through the earlier of (a) the date that
the Executive has obtained other full-time employment, or (b) six months from the date of
termination of employment; If this Agreement is terminated pursuant to clauses (i), (iii) or (v) of
Section 9(a), the Executive’s right to base salary and benefits shall immediately terminate, except
as may otherwise be required by applicable law.

10. Settlement of Disputes.

(a) Arbitration. Except as provided in Section 10(b), any claims or disputes of any
nature between the Company and the Executive arising from or related to the performance, breach,
termination, expiration, application or meaning of this Agreement or any matter relating to the
Executive’s employment and the termination of that employment by the Company shall be resolved
exclusively by arbitration in Hennepin County, Minnesota, in accordance with the applicable rules
of the American Arbitration Association. In the event of submission of any dispute to arbitration,
each party shall, not later than 30 days prior to the date set for hearing, provide to the other
party and to the arbitrator(s) a copy of all exhibits upon which the party intends to rely at the
hearing and a list of all persons each party intends to call at the hearing. The fees of the
arbitrator(s) and other costs incurred by the Executive and the Company in connection with such
arbitration shall be paid by the party that is unsuccessful in such arbitration.

The decision of the arbitrator(s) shall be final and binding upon both parties. Judgment of
the award rendered by the arbitrator(s) may be entered in any court of competent jurisdiction.

(b) Resolution of Certain Claims—Injunctive Relief. Section 10(a) shall have no
application to claims by the Company asserting a violation of Section 5, 7, 8 or 9(e) or seeking to
enforce, by injunction or otherwise, the terms of Section 5, 7, 8 or 9(e). Such claims may be
maintained by the Company in a lawsuit subject to the terms of Section 10(c). The Executive
acknowledges that it would be difficult to fully compensate the Company for damages resulting from
any breach by him of the provisions of this Agreement. Accordingly, the Executive agrees that, in
addition to, but not to the exclusion of any other available remedy, the Company shall have the
right to enforce the provisions of Sections 5, 7, 8 and 9(e) by applying for and obtaining
temporary and permanent restraining orders or injunctions from a court of competent jurisdiction
without the necessity of proving actual damages.

(c) Venue. Any action at law, suit in equity or judicial proceeding arising directly,
indirectly, or otherwise in connection with, out of, related to or from this Agreement, or any
provision hereof, shall be litigated only in the courts of the State of Minnesota, County of
Hennepin. The Executive and the Company consent to the jurisdiction of such courts over the subject
matter set forth in Section 10(b). The Executive waives any right the Executive may have to
transfer or change the venue of any litigation brought against the Executive by the Company.

11. Miscellaneous.

(a) Entire Agreement. This Agreement (including the exhibits, schedules and other
documents referred to herein) contains the entire understanding between the parties hereto with
respect to the subject matter hereof and supersedes any prior understandings, agreements or
representations, written or oral, relating to the subject matter hereof, including the Original
Agreement.

(b) Counterparts. This Agreement may be executed in separate counterparts, each of
which will be an original and all of which taken together shall constitute one and the same
agreement, and any party hereto may execute this Agreement by signing any such counterpart.

(c) Severability. Whenever possible, each provision of this Agreement shall
be interpreted in such a manner as to be effective and valid under applicable law but if any
provision of this Agreement is held to be invalid, illegal or unenforceable under any applicable
law or rule, the validity, legality and enforceability of the other provision of this Agreement
will not be affected or impaired thereby. In furtherance and not in limitation of the foregoing,
should the duration or geographical extent of, or business activities covered by, any provision of
this Agreement be in excess of that which is valid and enforceable under applicable law, then such
provision shall be construed to cover only that duration, extent or activities which may validly
and enforceably be covered. The Executive acknowledges the uncertainty of the law in this respect
and expressly stipulates that this Agreement be given the construction which renders its provision
valid and enforceable to the maximum extent (not exceeding its express terms) possible under
applicable law.

(d) Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, personal representatives and, to the
extent permitted by subsection (e), successors and assigns.

(e) Assignability. Neither this Agreement nor any right, remedy, obligation or
liability arising hereunder or by reason hereof shall be assignable (including by operation of law)
by either party without the prior written consent of the other party to this Agreement, except that
the Company may, without the consent of the Executive, assign its rights and obligations under this
Agreement to any corporation, firm or other business entity with or into which the Company may
merge or consolidate, or to which the Company may sell or transfer all or substantially all of its
assets, or of which 50% or more of the equity investment and of the voting control is owned,
directly or indirectly, by, or is under common ownership with, the Company. After any such
assignment by the Company, the Company shall be discharged from all further liability hereunder and
such assignee shall thereafter be deemed to be the Company for the purposes of all provisions of
this Agreement including this Section 11.

(f) Modification, Amendment, Waiver or Termination. No provision of this Agreement
may be modified, amended, waived or terminated except by an instrument in writing signed by the
parties to this Agreement. No course of dealing between the parties will modify, amend, waive or
terminate any provision of this Agreement or any rights or obligations of any party under or by
reason of this Agreement. No delay on the part of the Company in exercising any right hereunder
shall operate as a waiver of such right. No waiver, express or implied, by the Company of any right
or any breach by the Executive shall constitute a waiver of any other right or breach by the
Executive.

(g) Notices. All notices, consents, requests, instructions, approvals or other
communications provided for herein shall be in writing and delivered by personal delivery,
overnight courier, mail, electronic facsimile or e-mail addressed to the receiving party at the
address set forth herein. All such communications shall be effective when received.

Marshall T. Masko

4683 Chantrey Place

Minnetonka, MN

55345

Any party may change the address set forth above by notice to each other party given as provided
herein.

(h) Headings. The headings and any table of contents contained in this Agreement are
for reference purposes only and shall not in any way affect the meaning or interpretation of this
Agreement.

(i) Governing Law. ALL MATTERS RELATING TO THE INTERPRETATION, CONSTRUCTION, VALIDITY
AND ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA,
WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PROVISIONS THEREOF.

(j) Third-Party Benefit. Nothing in this Agreement, express or implied, is intended
to confer upon any other person any rights, remedies, obligations or liabilities of any nature
whatsoever.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth
in the first paragraph.

	 	 	 	 	 
	 	 	Compex Technologies, Inc.	 	 
	
 
	 	By:
	 	/s/ Dan W. Gladney
	
 
	 	 	 	 
	 
	 	 	 	 
	
 
	 	Name: Dan W. Gladney
	 	

	 
	 	 	 	 
	
 
	 	Title: President and CEO
	 	

	 
	 	 	 	 
	 	 	/s/ Marshall T. Masko

	 
	 	 	 	 
	 	 	 

	 
	 	 	 	 
	
 
	 	Marshall T. Masko
	 	

	 
	 	 	 	 

2EX-10.1

CSK AUTO CORPORATION

OUTSIDE DIRECTOR COMPENSATION POLICY

A. Annual Stipend – Fixed Fee.

(i) Amount and Form of Payment. Non-employee (“outside”) directors of CSK Auto
Corporation (the “Company”) shall be paid an annual cash stipend in the amount of fifty
thousand dollars ($50,000) (the “Fixed Fee’). Unless the director is first appointed to the Board
via election at the Company’s annual meeting of stockholders, the Fixed Fee for the first year of
service until the first annual meeting of stockholders following the director’s appointment to the
Board shall be adjusted pro rata for the period from the date of the outside director’s appointment
to the Board to the next annual meeting of the Company’s stockholders.1

(ii) Vesting. The Fixed Fee shall be paid as follows:

1. If the period between the outside director’s election to the Board and the next annual
meeting of stockholders is six months or less, payment shall be made in a single installment on the
date of the next annual meeting of stockholders.

2. If the period between the outside director’s election (or re-election) to the Board and the
next annual meeting of stockholders is longer than six months, payment shall be made in two equal
installments on the following dates: (1) on the six month anniversary of the outside director’s
election, and (2) on the earlier of (a) the one year anniversary of the outside director’s election
(or re-election) or (b) the date of the first annual meeting of stockholders following the
director’s election to the Board.

3. Notwithstanding the foregoing, in the case of death or disability of the outside director
or a Change in Control (as defined in the Company’s 2004 Stock and Incentive Plan), all unpaid
portions of the Fixed Fee shall be paid immediately. Unpaid portions of the Fixed Fee shall not be
paid if a director voluntarily resigns from office prior to the scheduled payment date, unless such
resignation is in connection with a Change in Control.

B. Equity Grants.

Each outside director will be granted an option to purchase 10,000 shares of Common Stock at
the close of business on the date of each annual meeting of stockholders, with an exercise price
equal to the fair market value at the close of trading on the grant date. Such options shall vest
on the one year anniversary of the grant date. If a director is first appointed to the Board
between annual meetings, the options to be awarded for the first partial year of service (until the
first annual meeting of stockholders following the director’s appointment to the Board) shall be
adjusted pro rata (calculated on the basis of 10,000 shares per annum) for the period from the date
of the outside director’s appointment to the Board to the next annual meeting of the Company’s
stockholders.

Notwithstanding the foregoing, in the case of death or disability of the outside director or
a Change in Control (as defined in the Company’s 2004 Stock and Incentive Plan), all unvested
options shall vest immediately. Unvested options shall not vest if a director voluntarily resigns
from office prior to the scheduled vesting date (unless such resignation is in connection with a
Change of Control).

C. Meeting Fees and Expenses.

Outside directors shall receive a fee of $1,500.00 plus reasonable expenses for each regular
Board meeting attended in person or telephonically, and each committee meeting or special Board
meeting attended in person that is not held in conjunction with a regular Board meeting.

For each committee meeting or special Board meeting attended telephonically, each outside
director shall be paid a fee of $500.00.

Such meeting fees shall be paid and expenses shall be reimbursed at the end of each fiscal
quarter.

D. Committee Chair Fees.

The Chair of the Audit Committee of the Board of Directors shall be paid an annual fee of
$15,000, and the Chair of each of the Compensation Committee and Nominating & Governance Committee
of the Board shall be paid an annual fee of $7,500 (each, a “Chair Fee”). Each Chair Fee shall be
paid in the same manner as cash portions of the Fixed Fee as set forth above in A.(ii).

1 For the purposes of this Policy, the date
of the next annual meeting of stockholders means, in cases where such date has
not yet been set, the anticipated date of the next annual meeting of
stockholders.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]