AMENDED EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT is entered into as of the 12th day of September, 2006, by and
between SEALY CORPORATION, a Delaware corporation (the “Company”), and the Employee (as defined
W I T N E S S E T H:
WHEREAS, the Company and the Employee (collectively “the Parties”) desire to enter into this
Amended Employment Agreement (the “Agreement”) as hereinafter set forth to replace all prior employment
agreements between the parties hereto;
NOW, THEREFORE, the Company and Employee agree as follows:
1. MAJOR DEFINED TERMS .
(a) “Annual Base Salary” shall be four hundred twenty-one thousand eight dollars
($421,008), subject to annual review by the Human Resources Committee of the Board
and may during the Employment Term be increased, but not decreased, to the extent, if
any, that said Committee may determine.
(b) “Cause” shall be as defined in Subsection 4(b) below.
(c) “Good Reason” shall be as defined in Subsection 4(g) below.
(d) “Employee” shall mean James B. Hirshorn.
(e) “Employee Address” is 8 Hillwind Court Greensboro, North Carolina 27408.
(f) “Employment Term” shall:
(i) be for an initial two (2) year term commencing on the date of this Agreement,
which term shall automatically be extended one calendar day for each calendar
day that the Employee is employed by the Company after the date of this
Agreement so that the remaining Employment Term shall always be two (2) years;
(ii) provided that the Employment Term, as provided in Section 4 hereof, may be
terminated prior to the date specified above in this Subsection 1(f).
(g) “Position” shall mean Senior Executive Vice President, Finance, Operations, R&D.