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ECL > SEC Filings for ECL > Form 8-K on 21-Dec-2012All Recent SEC Filings

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Form 8-K for ECOLAB INC


21-Dec-2012

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On December 20, 2012, Ecolab Inc. (the "Company") and Greg Temple, Executive Vice President and Chief Supply Chain Officer of the Company who will be leaving the Company effective December 31, 2012, entered into a separation agreement which includes, among other terms, compensation provisions, a release of claims by Mr. Temple and non-competition provisions. The compensation provisions include the continuation of Mr. Temple's base salary and bonus at target of 65% for 65 weeks and a supplemental payment no later than April 30, 2013 in connection with the performance by Mr. Temple of certain transition and consultation services through March 31, 2013.

The foregoing description of the separation agreement does not purport to be a complete description and is qualified in its entirety to the full text of the separation agreement that is attached hereto as Exhibit 10.1, and is incorporated by reference into this Item 5.02.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                Description
       10.1    Agreement dated as of December 20, 2012 between Greg E. Temple and
               Ecolab Inc.


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