EXHIBIT 10.3
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   SUMMARY OF NEWELL RUBBERMAID INC. CASH BONUS PLAN

   The Company has a corporate bonus plan, effective January 1, 2002,
   that provides for the payment of annual cash bonuses to group
   presidents and other corporate executives.  Payments to group
   presidents are based on the operating income (75% of the bonus payout)
   and cash flow (25% of the bonus payout) for the fiscal year of the
   group for which the group president is responsible.  Payments to other
   participating corporate executives are based on the Company's total
   earnings per share (75% of the bonus payout) and cash flow (25% of the
   bonus payout) for the fiscal year.  If the group's operating income
   and cash flow, or the Company's earnings per share and cash flow, as
   applicable, equal target levels, the designated employees receive
   specified percentages of their annual salaries in the form of cash
   bonuses.  Company or group performance below the target levels will
   result in lower or no bonus payments, and Company or group performance
   above the target levels will result in higher bonus payments.