DEFERRED COMPENSATION AGREEMENT
This Agreement dated May 5, 1997, is between H.B. Fuller Company, a Minnesota corporation (the
"Company") and Walter Kissling, a citizen of Costa Rica and as of the date hereof, the President and Chief
Operating Officer of the Company ("Kissling").
WHEREAS, both Kissling and the Company wish to enter an agreement whereby Kissling may be entitled to the
receipt of certain additional compensation after his expatriate assignment in the United States has ended if he is
then living or in the event he dies prior to the end of such expatriate assignment if his estate is subject to United
States taxes; and
WHEREAS, both Company and Kissling have agreed on an interest rate to reflect the time value of money;
NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, Company and
Kissling hereby agree to the following deferred compensation arrangement:
ARTICLE 1. DEFERRED COMPENSATION ACCOUNT
1.1 Establishment of Account. The Company shall establish an account ("Account") for Kissling which shall be
utilized solely as a device to measure and determine the amount of deferred compensation to be paid under this
1.2. Property of Company. Any amounts so set aside for benefits payable under this Agreement are the property
of the Company, except, and to the extent, of any assignment of such assets to an irrevocable grantor trust of the
type commonly referred to as a "rabbi trust".
1.3. Amount of Additional Deferred Compensation. The Account shall be credited with the amounts determined
in accordance with Schedule A hereto as of the dates set forth in such Schedule provided Kissling is employed
by Company as its President and Chief Operating Officer as of such date.
1.4. Interest Rate. Prior to the distribution of the Account balance, on the last day of each month, the Company
will post to the Account interest on the Account balance (including previously accrued interest) equal to Wall
Street Prime plus one perce