Employment Agreement between ARMKEL, LLC, Church & Dwight Co., Inc., and Bradley Casper
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Summary
This agreement outlines the terms of employment for Bradley Casper as President of the Personal Products Division at ARMKEL, LLC and Church & Dwight Co., Inc. Casper will receive a base salary, sign-on bonus, annual and long-term incentives, and participate in company benefit plans. The agreement details conditions for termination, including severance, benefits continuation, and stock option vesting. It also includes confidentiality, non-compete, and non-solicitation obligations, and requires disputes to be resolved through arbitration under New Jersey law. The offer is contingent on background checks and drug screening.
EX-10.K 9 y59049ex10-k.txt EMPLOYMENT AGREEMENT Exhibit 10(k) February 26, 2002 Mr. Bradley Casper 8265 Hopewell Rd. Cincinnati, Ohio 45242 Dear Brad: The executive management team is excited about the prospect of you joining the company. We are just as excited about your long-term future with ARMKEL, LLC., and Church & Dwight, Co., Inc. This letter will confirm our offer for the position of President, Personal Products Division, reporting directly to Robert Davies, Chief Executive Officer. As discussed, we are offering an attractive package of both direct and indirect benefits. While more specific information can be found in the attached Employment Agreement, below you will find some of the major highlights of our employment offer: o Your starting base salary will be $13,333.33 semi-monthly ($320,000 annually). o Vacation Entitlement - You will receive eighteen days vacation and two personal days in 2002. For 2003 you will receive four weeks vacation and two personal days. o As a President, you will participate in the Church & Dwight Incentive Compensation Program with a target bonus of 55% (range of 0 - 110%) of base salary earned during the year. Your first award will be due in February 2003, and will be pro-rated based on time worked during 2002. o You will participate in the Company's Stock Option plan. Details of your participation are included on the attached Employment Agreement. o You will be eligible to receive relocation assistance to cover the costs of your move to this area. More details are available in the attached relocation policy. Please call me if you have further questions. o You will participate in our comprehensive health, welfare and retirement programs. Kathy McAleer of the HR Department will be contacting you to schedule a full benefits orientation shortly after your start date. In the interim, the attached "Summary of Benefits" should Mr. Bradley Casper February 26, 2002 Page 2 provide a helpful outline of our benefits programs. This offer is contingent upon the satisfactory completion of reference checking and drug screening, as well as verification of your eligibility to work in the United States (I-9). Please sign one copy of this letter, complete the enclosed documents and return them to the Human Resources Department as soon as possible. The Human Resources Department will arrange for a drug-screening test at a facility located in your area. Please contact Martin Hayes in the Human Resources Department at ###-###-#### to schedule a pre-employment drug screening. Martin will need your date of birth as well as social security number in order to arrange for this screening. Brad, I look forward to your joining Church & Dwight Co., Inc. and ARMKEL, LLC and believe you will have a successful, rewarding career with us. I am particularly enthusiastic about you and the powerful things that we will be able to accomplish together. Please do not hesitate to contact me at ###-###-#### with regard to the specifics of this offer and/or related benefit programs. Sincerely, /s/ Steven P. Cugine ____________________ Steven P. Cugine Vice President, Human Resources Accepted By: /s/ Bradley A. Casper 3/11/02 --------------------------------------- Bradley Casper Date Enclosures