SPECIAL DEFERRAL AGREEMENT
THIS AGREEMENT, made this 7th day of February, 2000, by and between Paul A. Gustafson ("Executive")
and The Black & Decker Corporation ("Corporation"), on its own behalf and on behalf of its subsidiaries and
RECITALS The Executive is one of the Corporation's Executive Vice Presidents and is a participant in The
Black & Decker Annual Incentive Plan (the "AIP").
The Executive may be awarded a bonus under the AIP, at the discretion of the Board of Directors of the
Corporation when it meets later this month (the "February 2000 Bonus").
The Executive desires to defer his receipt of a portion or all of the February 2000 Bonus and the Corporation is
willing to permit that bonus deferral.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree
1. The foregoing recitals are incorporated into this Agreement by this reference.
2. The Executive hereby irrevocably elects to defer _25__% of the February 2000 Bonus which he may be
awarded, but in no event more than 100% of the February 2000 Bonus reduced by the percentage of the
February 2000 Bonus that the Executive has directed to be contributed to The Black & Decker Retirement
Savings Plan pursuant to his election in effect under that plan at the execution of this Agreement.
3. The Corporation shall cause the amount of the February 2000 Bonus that the Executive has elected to defer
under this Agreement to be deducted from the February 2000 Bonus payment and credited to a bookkeeping
account on the Corporation's books in the name of the Executive, to which shall also be credited (a) amounts
equal to any deemed earnings or losses and (b) expenses charged to the Account.
4. The amount deferred by the Executive pursuant to this Agreement shall be administered, deemed to be
invested, adjusted for expenses and deemed gains and losses, paid