INDEMNIFICATION AGREEMENTIndemnification Agreement • October 10th, 2007 • Zep Inc. • Specialty cleaning, polishing and sanitation preparations • Delaware
WHEREAS, the Company is aware that, in order to induce highly competent persons to serve the Company as directors, officers, employees or in other capacities, the Company must provide such persons with adequate protection through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the Company;
CHANGE IN CONTROL AGREEMENT FOR CERTAIN EXECUTIVE OFFICERSChange in Control Agreement • October 10th, 2007 • Zep Inc. • Specialty cleaning, polishing and sanitation preparations • Georgia
WHEREAS, the Board of Directors of the Company (the “Board”) recognizes that the possibility of a Change in Control (as hereinafter defined) exists and that the threat of or the occurrence of a Change in Control can result in significant distractions of its key management personnel because of the uncertainties inherent in such a situation; and
