EMPLOYMENT AGREEMENT

Exhibit 10.3

EMPLOYMENT AGREEMENT

THIS AGREEMENT entered into as of April 1, 2003 by and between Sara Lee Corporation, a Maryland corporation, with its principal place of business at Three First National Plaza, Suite 4700, Chicago, Illinois 60602 U.S.A. (“Sara Lee”), and V.H.A.M. Janssen, an individual whose principal residence is at Zandberglaan 19, 4818 GN Breda, the Netherlands (“Janssen”).

Introduction

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

Subject to the terms and conditions of this Agreement, Sara Lee agrees to employ Janssen as of April 1, 2003 (in the capacity of Vice President effective March 27, 2003). In consideration of the compensation and benefits provided for in this Agreement, Janssen agrees to perform such services as may be requested from time to time by Sara Lee. Without limiting the foregoing, Janssen agrees to assist with the ongoing design and development of Sara Lee’s business strategies, acquisitions and divestment policies, human resources policies and communication policies, in particular in relation to the Household & Body Care Division. In addition, Janssen agrees to represent Sara Lee externally and enhance investor relations and 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 Janssen requires to be in the U.S.A. for at least fifteen days per year.

The parties acknowledge and agree that Janssen shall hold his office as Vice President of Sara Lee as an “at will” employee of Sara Lee and that 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 Janssen to Sara Lee, during the term of this Agreement and commencing as of April 1, 2003 Sara Lee shall pay Janssen an annual gross salary of €87,000. Sara Lee shall evaluate Janssen’s performance at least annually and may adjust his annual salary as of

January 1 of each succeeding year that this Agreement remains in effect. Sara Lee shall pay Janssen’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 Janssen’s request, Sara Lee will arrange for the direct deposit (via wire transfer or other electronic delivery) of Janssen’s quarterly annual salary payments to Janssen’s bank or other financial institution.

During the term of this Agreement, Janssen shall be entitled to participate in the Sara Lee Corporation Annual 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 in cash, Sara Lee Corporation common stock or restricted stock units (the “Annual Bonus”). The potential amount of the Annual Bonus may be related to the performance of operating businesses for which Janssen is responsible, the performance of Sara Lee Corporation in its entirety, and the performance of Janssen in meeting certain individual performance criteria. Any award earned by Janssen under the Annual Plan is payable to Janssen at the same time as awards under the Annual Plan are paid to other Sara Lee executives at Janssen’s level.

Janssen 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 Janssen, 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.

Janssen 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 Janssen shall use or prepare or come into contact with, shall be the exclusive property of Sara Lee. Janssen further agrees that upon request by Sara Lee, and in any event upon termination of employment, Janssen shall turn over to Sara Lee such property in his possession or under his control.

Janssen 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 Janssen 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 Janssen, 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 Janssen from violating this Agreement. Nothing herein shall be construed as prohibiting Sara Lee from pursing any other remedies available to it. Not withstanding any legal remedies available to Sara Lee as a result of a breach of this Agreement, in the event of a breach by Janssen, Sara Lee shall be entitled to withhold

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and avoid payment of any money or other benefits due or to become due under this or any other agreement between Janssen and Sara Lee with the exception of any basic compensation earned prior to termination.

In the event this Agreement is terminated by Sara Lee, Janssen 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 Janssen.

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 Janssen and Sara Lee.

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