Executive Employment Agreement
1. Employment . Prestige Brands Holdings, Inc. (“Employer”) agrees to employ Eric S. Klee (“Executive”)
and Executive accepts such employment for the period beginning as of March 31, 2010 and ending upon his
termination pursuant to Section 1(c) hereof (the “ Employment Period ”) subject only to the approval of the
Prestige Brands Holdings, Inc. Board of Directors (the “Board”).
Position and Duties .
(i) During the Employment Period, Executive shall serve as General Counsel and Secretary of
Employer and shall have the normal duties, responsibilities and authority implied by such position, subject to
the power of the Chief Executive Officer of Employer and the Board to expand or limit such duties,
responsibilities and authority and to override such actions.
(ii) Executive shall report to the Chief Executive Officer of Employer, and Executive shall
devote his best efforts and his full business time and attention to the business and affairs of Employer and its
Subsidiaries (as defined below).
Salary, Bonus and Benefits . During the Employment Period, Employer will pay Executive a
base salary of $250,000 per annum (the “ Annual Base Salary ”), paid twice monthly, in accordance with
Employer’s normal payroll cycle and procedures. In addition, in fiscal years 2011 and beyond, the Executive
shall be eligible for and participate in the Annual Incentive Compensation Plan (the “Annual Bonus”) under
which the Executive shall be eligible for an annual Target Bonus payment of 40% of Annual Base
Salary. Executive shall be eligible to participate in the Long-Term Equity Incentive Plan of Employer (the
“Plan”) and all equity grants thereunder shall automatically vest upon a Change in Control (as defined in the
Plan). During the Employment Period, Executive will be entitled to such other benefits approved by the
Board and made available to the senior management of Employer and its Subsidiaries, which sha