Fourth Amendment to Amended and Restated Employment Agreement between Spectrum Brands, Inc. and Kent J. Hussey
Spectrum Brands, Inc. and Kent J. Hussey have agreed to a fourth amendment to Mr. Hussey's employment agreement, effective August 28, 2009. This amendment reinstates Mr. Hussey's annual base salary to $825,000, reversing a previous change made in the third amendment. The agreement outlines the updated salary terms and is approved by the company's board of directors.
Exhibit 10.5
Description of Fourth Amendment to the Amended and Restated Employment Agreement of Kent J. Hussey, effective as of August 28, 2009
Effective as of August 28, 2009, the board of directors of Spectrum Brands, Inc. reinstated the annual base salary of Kent J. Hussey to $825,000, which reinstatement amended that certain Third Amendment to the Amended and Restated Employment Agreement, effective as of February 24, 2009, by and between Spectrum Brands, Inc. and Kent J. Hussey.
