exhibit 10. 14 form of termination agreement this termination agreement ( this “ agreement ” ) is entered into as of the agreement date by and among alberto - culver company, a delaware corporation ( the “ company ” ), sally holdings, inc., a delaware corporation and a wholly - owned subsidiary of the company ( “ shi ” ) and _ _ _ ( the “ executive ” ) and shall be deemed to be effective on the date the last party signs this agreement ( the “ agreement date ” ). whereas, the company and the executive have entered into the severance agreement dated as of _ _ _ ( the “ severance agreement ” ), pursuant to which the executive would be entitled to payments and benefits in the event that the executive ’ s employment were terminated under the circumstances set forth in the severance agreement following, among other things, the approval by the stockholders of the company of a transaction that constitutes a change in control ( as defined in the severance agreement ) ; whereas, the company and cdrs acquisition llc ( the “ investor ” ), an affiliate of clayton, dubilier and rice, inc., a delaware corporation ( “ cd & r ” ), may enter into a transaction whereby, among other things, ( i ) the investor will acquire approximately 47. 5 % of the common stock ( the “ equity investment ” ) of an entity ( “ new sally ” ) that will own the sally / bsg business of the company, and ( ii ) the consumer products and sally / bsg businesses of the company will be split into two, separate publicly traded companies ( the “ separation ” and, together with the equity investment and the other transactions contemplated thereby, the “ transaction ” ) ; whereas, the company intends to treat the transaction as though it constitutes a change in control for the purposes of, and as such term is defined under, the employee stock option plan of 2003, employee stock option plan of 1988, 2003 restricted stock plan and 1994 restricted stock plan, and accordingly accelerate the vesting of all options to purchase, and restricted shares of, common stock of the company issued under such plans, including those held by the executive, and the options to purchase shares of common stock of the company held by the executive shall, effective upon the closing of the transaction, be converted into options to purchase shares of common stock of new sally ; whereas, in respect of the company ’ s management incentive plan and the 1994 shareholder value incentive plan, the company intends to