EXHIBIT 10 (r)
THE BLACK & DECKER
EXECUTIVE SALARY CONTINUANCE PLAN
The purpose of The Black & Decker Executive Salary Continuance Plan is to assist covered executives who are separated
from employment by the Black & Decker Companies to cushion the financial effects of the transition period following
SECTION I. DEFINITIONS.
The following terms shall have the meanings set forth below:
1.1. “ Black & Decker ” means The Black & Decker Corporation, a Maryland corporation, and its successors. “ Black &
Decker Companies ” means Black & Decker and all of its subsidiaries and affiliates. “ Black & Decker Company ” means Black &
Decker or any of its subsidiaries and affiliates.
1.2. “ Cause ” means: (a) an Employee’s willful and repeated failure to substantially perform his or her duties after written
notice to the Employee specifying such failure, or (b) fraud, misappropriation or intentional material damage to the property or
business of a Black & Decker Company, or (c) commission of a felony.
1.3. “ Continuance Period ” means the period determined by the Chief Executive Officer and stated in the participation
1.4. “ Effective Date ” means May 1, 1995.
1.5. “ Employee ” means an employee of a Black & Decker Company whose participation in the Plan has been authorized
by the Chief Executive Officer of Black & Decker and who has executed a participation agreement containing such terms,
conditions, and limitations as may be prescribed by the Chief Executive Officer of Black & Decker from time to time.
1.6. “ ERISA” means the Employee Retirement Security Act of 1974, as it may be amended from time to time.
1.7. “ Manager of the Plan ” means the Senior Vice President-Human Resources and Corporate Initiatives of Black &
1.8. “ Plan ” means The Black & Decker Executive Salary Continuance Plan, as set forth herein, as it may be amended from
time to time.