SEVERANCE AGREEMENTSeverance Agreement • November 25th, 2008 • Alberto-Culver CO • Perfumes, cosmetics & other toilet preparations • Illinois
THIS AGREEMENT is entered into as of November 30, 2007 by and between Alberto-Culver Company, a Delaware corporation, and Gary P. Schmidt (the “Executive”).
Side LetterSide Letter • November 25th, 2008 • Alberto-Culver CO • Perfumes, cosmetics & other toilet preparations
Alberto Culver Aktiebolag (“ACAB”) (a subsidiary of Alberto-Culver Company (“ACC”) and Cederroth Intressenter AB (presently Croth Intressenter AB) (“Intressenter”) entered into a Share Sale and Purchase Agreement dated 18 May 2008 (the “SPA”) pursuant to which ACAB agreed to sell to Intressenter all of the issued and outstanding shares of the capital stock of Cederroth International AB (“CIAB”). Capitalized terms in this side letter will have the meaning ascribed to such terms in the SPA. The parties to the SPA desire to set forth certain agreements they have made with respect to Completion. This Side Letter shall form an integral part of the SPA.
