January 1, 2010 Magnus Nicolin Re: Settlement Agreement and General Release Dear Magnus:Settlement Agreement • January 7th, 2010 • Newell Rubbermaid Inc • Plastics products, nec
This letter when signed by you, will constitute the full settlement agreement (“Agreement”) between you and Newell Rubbermaid Inc. (“the Company”) on the terms of your separation from employment with the Company and your position of President – EMEA and APAC, Newell Rubbermaid Inc., and any other positions that you may have held with the Company in the United States, Europe, Asia-Pacific or elsewhere. By entering into this Agreement, neither you nor the Company make any admission of any failing or wrongdoing. Rather, the parties have merely agreed to resolve amicably any existing or potential disputes arising out of your employment with the Company and the separation thereof, as both parties desire to settle fully any and all matters between them relating to your employment under your Offer Letter of July 14, 2006 (“Offer Letter”), and your Expatriate Employment Agreement dated August 30, 2006 and the Addendum thereto (collectively the “Expatriate Agreement”).
