Third Amendment to Amended and Restated Employment Agreement between Spectrum Brands, Inc. and David R. Lumley
Spectrum Brands, Inc. and David R. Lumley have agreed to a third amendment to Mr. Lumley's employment agreement, effective August 28, 2009. This amendment reinstates Mr. Lumley's annual base salary to $600,000, reversing a previous change made in the second amendment. The agreement outlines the updated salary terms for Mr. Lumley's employment with Spectrum Brands, Inc.
Exhibit 10.18
Description of Third Amendment to the Amended and Restated Employment Agreement of David R. Lumley, 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 David R. Lumley to $600,000, which reinstatement amended that certain Second Amendment to the Amended and Restated Employment Agreement, effective as of February 24, 2009, by and between Spectrum Brands, Inc. and David R. Lumley.
