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Exhibit 10.8
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT is executed this 10th day of
January, 2000, by and between Water Pik Technologies, Inc., a Delaware
corporation with its principal place of business in Newport Beach, California
("Water Pik") and _______________, an individual residing in California (the
"Executive").
WHEREAS Executive and Allegheny Teledyne Incorporated entered into an
Employment Agreement on ____________ (the "Agreement");
WHEREAS the Agreement was assigned to and assumed by Water Pik
Technologies on November 29, 1999 as part of the spin-off of Allegheny Teledyne
Incorporated's consumer products business;
WHEREAS the parties wish to amend the Agreement pursuant to the terms
contained herein.
NOW THEREFORE, in consideration of the premises, mutual covenants and
agreements of the parties contained herein, and other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, Water
Pik and the Executive hereby agree, intending to be legally bound, as follows:
1. Paragraph 4(d) of the Agreement entitled "Stock Options" is hereby
amended and restated by adding the following sentence at the end of the
paragraph:
In the event of a "Change in Control" as defined herein, all options
outstanding shall become immediately exercisable; provided, however,
this provision shall not be applicable if any Change in Control results
from Executive's beneficial ownership (within the meaning of Rule 13d.3
under the Securities Exchange Act) of common stock or Company voting
securities.
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IN WITNESS WHEREOF, Water Pik, by its appropriate officer, and
Executive have signed this Amendment, as of the day and year first above
written.
WATER PIK TECHNOLOGIES, INC.
By:
EXECUTIVE
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Schedule to form of Amendment to Employment Agreement
Water Pik Technologies, Inc. has entered into an Amendment to
Employment Agreement on the form shown above, with each of the following
individuals:
1. Xxxxxxx X. Xxxxxx
2. Xxxxxx X. Xxxxxx
3. Xxxxxx X. Xxxxxxxxx
4. Xxxxxxx X. Xxxxxx
5. Xxxxxx X. Xxxx
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