CHANGE IN CONTROL AGREEMENTChange in Control Agreement • December 22nd, 2009 • 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
SEVERANCE AGREEMENTSeverance Agreement • December 22nd, 2009 • Zep Inc. • Specialty cleaning, polishing and sanitation preparations • Georgia
THIS AGREEMENT (the “Agreement”), made and entered into as of this day of , , by and between Zep Inc., a Delaware corporation (the “Company”), and (the “Executive”).
