SEC Contract Filing

Filing Date: 2019-11-12

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>RETIREMENT TRANSITION AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">November&nbsp;11, 2019 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Retirement Transition Agreement (&#147;<B>Agreement</B>&#148;) is made and entered into by and between Emily K. Boss (&#147;<B>Colleague</B>&#148;) and Energizer Brands, LLC (&#147;<B>Energizer</B>&#148;). For purposes of this Agreement, the term
&#147;<B>Energizer</B>&#148; shall include not only Energizer Brands, LLC, but also Energizer Holdings, Inc., and all current and former parent, subsidiary and affiliated companies, predecessors, successors, and assigns of the aforementioned
entities, and all past, present, and future officers, board of directors, attorneys, agents, representatives, stockholders, and employees of any of the foregoing. In consideration of the following promises, the parties agree to the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Colleague and Energizer desire to enter into an agreement that will provide for the end of Colleague&#146;s employment as a result of
Retirement, the orderly transition of Colleague&#146;s knowledge, duties and responsibilities, and the release of any and all claims Colleague may have now or in the past has had against Energizer, including but not limited to those related to
(1)&nbsp;Colleague&#146;s employment, (2)&nbsp;the end of Colleague&#146;s employment as a result of Retirement, and (3)&nbsp;any and all other claims; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, for and in consideration of the mutual releases, covenants, and undertakings hereinafter set forth, and for other good and
valuable consideration, which each party hereby acknowledges, intending to be legally bound, it is agreed as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Effectiveness and Separation of Employment</U>. This Agreement shall be effective on the eighth (8th) day
following Colleague&#146;s execution of the Agreement (&#147;<B>Effective Date</B>&#148;). Colleague will remain employed by Energizer until July&nbsp;1, 2020 (the &#147;<B>Retirement Date</B>&#148;), unless Colleague&#146;s employment with
Energizer is terminated prior to such date pursuant to Section&nbsp;4(a) below, in which case such termination date will be deemed the Retirement Date. Effective on the Retirement Date, Colleague will be permanently and irrevocably separated from
employment. The period between the Effective Date and the Retirement Date will be referred to as the &#147;<B>Transition Period</B>.&#148; Colleague will work with the Company for an orderly and timely transition of all officer designations. As a
result of the appointment of a new Chief Legal Officer, she will relinquish the title of General Counsel and assume the title of Executive Counsel upon the Effective Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition Obligations</U>. During the Transition Period, Colleague agrees to provide any and all transition
services reasonably requested by Energizer, including but not limited to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Work closely with the executive team members to ensure an orderly transition of all outstanding legal matters
and other projects and perform such other services as are reasonably requested by Energizer. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Successfully conduct a comprehensive transition for current direct reports and their teams which will enable a
smooth transition and results with minimal disruption to the Energizer business. This includes legal, compliance, regulatory and real estate activities and teams. </P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Maintain po