EMPLOYMENT AGREEMENT P R E a M B L E This Employment Agreement Defines the Essential Terms and Conditions of Our Employment Relationship With You. The Subjects Covered in This Agreement Are Vitally Important to You and to the Company. Thus, You Should Read the Document Carefully and Ask Any Questions Before Signing the Agreement. Given the Importance of These Matters to You and the Company, You Are Required to Sign the Agreement as a Condition of Employment. (January 27th, 2011)
This EMPLOYMENT AGREEMENT, dated and effective this 6th day of December 2010 is entered into by and between Hill-Rom Holding, Inc. (Company) and Brian Lawrence (Employee).
Limited Recapture Agreement (January 27th, 2011)
This Limited Recapture Agreement (the Agreement) by and between Hill-Rom Holdings, Inc. (Company) and the undersigned Executive (Executive) is entered into effective as of December 6, 2010 (Effective Date), as a condition of the grant of a cash award by the Company to the Executive under the Companys Short-Term Incentive Compensation Program or any similar future plan(s) or program(s) (STIC Program) and/or the grant of any performance-based (but not time based) stock options, deferred stock shares or other awards under the Companys Stock Incentive Plan (as such plan may be amended) or any similar future plan(s) (Stock Plan). Any and all such cash or stock based awards under the STIC Program and/or Stock Plan are referred to herein as Performance Based Compensation.