EMPLOYMENT AGREEMENT

Exhibit 10.21

EMPLOYMENT AGREEMENT

THIS AGREEMENT entered into as of January 1, 1996 by and between Sara Lee Corporation, a Maryland corporation, with its principal place of business at Three First National Plaza, Suite 4600, Chicago, Illinois 60602 U.S.A. 60602 (“Sara Lee”), and A. Nühn, an individual whose principal residence is in the Netherlands (“Nühn”).

Introduction

Now therefore, Sara Lee and Nühn hereby agree as follows:

Subject to the terms and conditions of this Agreement, Sara Lee agrees to continue to employ Nühn in the capacity of Senior Vice President. In consideration of the compensation and benefits provided for in this Agreement, Nühn agrees to perform such services as may be requested from time to time by Sara Lee. Without limiting the foregoing, Nühn agrees to assist with the ongoing design and development of Sara Lee’s business strategies, acquisition and divestment policies, human resources policies and communications policies, in particular in relation to the Household & Body Care division. In addition, Nühn agrees to (i) represent Sara Lee externally and enhances investor relations and (ii) contribute to and establish programs and policies to optimize the financial results of the respective operating companies of Sara Lee. In undertaking the foregoing duties and responsibilities, the parties acknowledge and agree that Nühn requires to be in the U.S.A. for at least twenty days per year.

The parties acknowledge and agree that Nühn shall hold his office as a Senior Vice President of Sara Lee at the pleasure of the Board of Directors of Sara Lee, and that consequently, Nühn is an “at will” employee and this Agreement and his employment may be terminated by Sara Lee at any time without reason or cause.

In consideration for the services rendered by Nühn to Sara Lee, during the term of this Agreement and commencing as of January 1, 1996 Sara Lee shall pay Nühn an annual gross salary of NLG 138,500. Sara Lee shall evaluate Nühn’s performance at least annually and may adjust his annual gross salary as of January 1 of each succeeding year that this Agreement remains in effect. Sara Lee shall pay Nühn’s salary, after deducting or withholding all applicable payroll taxes and premiums due in the U.S.A., paid in advance, in four quarterly installments, on or about the last business day of December, March, June and September. At Nühn’s request, Sara lee will arrange for the direct deposit (via wire transfer or other electronic delivery) of Nühn’s quarterly annual salary payments to Nühn’s bank or other financial institution.

During the term of this Agreement, Nühn shall be entitled to participate in the Sara Lee Corporation Short-Term (Annual) Performance Incentive Plan (the “Annual Plan”) in accordance with the terms and conditions of the Annual Plan. The Annual Plan currently provides for the opportunity to earn additional compensation payable in cash (the “Annual Bonus”). The potential amount of the Annual Bonus may be related to the performance of operating businesses for which Nühn is responsible, the performance of Sara Lee Corporation in its entirety, and the performance of Nühn in meeting certain individual performance criteria. Under the terms of the Annual Plan Nühn shall be eligible to earn an incentive award, payable in cash, of up to 100% of his annual salary during each fiscal year. The performance standards against which his award will be determined shall be established at the beginning of each fiscal year during the term of this Agreement by the Sara Lee executive to whom Nühn reports and the terms and provisions established for the Annual Plan by Sara Lee’s Board of Directors, or a committee thereof. Any award earned by Nühn under the Annual Plan payable in cash shall be paid to Nühn at the same time as awards under the Annual Plan are paid to other Sara Lee executives.

During the term of this Agreement, Sara Lee shall reimburse Nühn for amounts paid by him related to his personal financial counseling in accordance with the terms and conditions of the Sara Lee Corporation Personal Financial Counseling Program.

(a) Nondisclosure of Confidential Information

Nühn agrees, during the term of employment and after employment to keep confidential all information relating to the business of Sara Lee which he learns or develops or has access to during the term of this employment, excepting only such information as is already known to the public, or becomes known to the public through no fault of Nühn, and not to use (except in the ordinary course of his employment), release, or disclose the same except with the prior written permission of Sara Lee. As used in this Agreement, “confidential information” means any information or compilation of information relating to the business of Sara Lee not publicly known or readily ascertainable by proper means. It includes, but is not limited to, trade secrets, customer lists, price lists, and information relating to products, technology, research, development, manufacturing, purchasing, accounting, engineering, marketing, merchandising, and selling.

(b) Sara Lee Property

Nühn agrees that all Sara Lee property including records, files, memoranda, reports, price lists, customer lists, plans, documents, equipment and the like, relating to the business of Sara Lee, which Nühn shall use or prepare or come into contact with, shall be the exclusive property of Sara Lee. Nühn further agrees that, upon request by Sara Lee, and in any event upon termination of employment, Nühn shall turn over to Sara Lee such property in his possession or under his control.

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Nühn agrees that this Agreement is intended to protect and preserve legitimate business interests of Sara Lee and that it will be difficult, if not impossible, to compute the amount of loss and damage to Sara Lee if Nühn should breach his covenants under this Agreement. It is further agreed that any breach or threatened breach of this Agreement may render irreparable harm to Sara Lee. Accordingly, in the event of a breach or threatened breach by Nühn, Sara Lee shall have available to it all remedies provided by law or equity, including, but not limited to, preliminary and permanent injunctive relief, without the requirement to deliver or post security, to restrain Nühn from violating this Agreement. Nothing herein shall be construed as prohibiting Sara Lee from pursing any other remedies available to it. Notwithstanding any legal remedies available to Sara Lee as a result of a breach of this Agreement, in the event of a breach by Nühn, Sara Lee shall be entitled to withhold and avoid payment of any money or other benefits due or to become due under this or any other agreement between Nühn and Sara Lee with the exception of any basic compensation earned prior to termination.

In the event this Agreement is terminated by Sara Lee, Nühn shall be eligible for severance benefits subject to the terms and conditions of the Sara Lee Corporation Severance Policy for Corporate Officers, as amended from time to time (the “Policy”). The severance benefits, if any, payable under the Policy shall be the sole and exclusive severance benefits payable to Nühn.

This Agreement shall not be deemed to amend or modify the terms and conditions of the Sara Lee/DE Agreement. The Sara Lee/DE Agreement shall remain in full force and effect in accordance with its provisions.

This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Illinois.

This Agreement supersedes all existing agreements between the parties, whether written or oral. No change, modification or amendment of this Agreement shall be of any effect unless in writing and signed by Nühn and Sara Lee.

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