Exhibit 10 (h)

MYERS INDUSTRIES, INC.
Stephen E. Myers
President and Chief Executive Officer

February 14, 2003

Mr. John C. Orr
1630 Shade Road
Akron, Ohio 44333

RE: Amended Employment Letter

Dear John:

     This letter will amend the employment letter from me dated June 26, 2000
regarding the terms of your employment with Myers Industries, Inc. ("Myers" or
"Company"). This amendment and restatement is necessary due to your appointment
by the Board of Directors as the Chief Operating Officer of Myers effective on
February 14, 2003.

     Duties. During the "Term," you ("Executive") shall serve Myers as its Chief
Operating Officer in accordance with directions from the President and Chief
Executive Officer and Myers's Board of Directors. Executive will report directly
to the President and Chief Executive Officer. Executive shall serve Myers
faithfully, diligently, competently and to the best of his ability, and will
exclusively devote his full time, energy and attention to the business of Myers
and to the promotion of its interests. Executive's primary location will be at
the Company's corporate headquarters located in Akron, Ohio.

     Term. The term of this employment letter shall commence as of February 14,
2003, and shall continue for a period of approximately two years ending on July
31, 2005, unless this Agreement has been earlier terminated in accordance with
the provisions under Termination below. Following expiration of the Term,
Executive's employment status will be "at will."

     Compensation. While employed under this employment letter, Executive will
receive as his compensation for the performance of his duties and obligations a
"Base Salary" of $350,000 per year, which will be payable in semi-monthly
installments. During the term of this Agreement, Executive will not be entitled
to a bonus, but may be awarded one at the discretion of the Board of Directors
or its Compensation Committee. All compensation payable to Executive shall be
paid net of amounts withheld for federal, state, municipal or local income
taxes.

     Benefits. Executive will be entitled to participate in such
hospitalization, life insurance, and other employee benefit plans and programs,
if any, as may be adopted by Myers from time to time, in accordance with the
provisions of such plans and programs and on the same basis as other full-time
salaried employees and executives of the Company.

     Car. Executive will be furnished a car in accordance with the provisions of
such plans and programs and on the same basis as other full-time salaried
employees and executives of the Company.

     Disability. During Executive's employment, Myers will pay to Executive an
amount equal to the annual cost of Executive's disability policy with The
Principal plus an additional 40% of such premium as a gross up for tax
liabilities. Executive will not be entitled to participate in any Company
sponsored disability insurance programs.

     Stock Options and Grant. During the term of this Agreement, Executive will
not be entitled to a grant of stock options, but may be awarded such grants at
the discretion of the Board of Directors or its Compensation Committee.

     The Company hereby acknowledges that Executive was granted certain shares
of stock in the Company under the original employment letter and pursuant to a
Restricted Stock Award Agreement dated September 25, 2001, of which 54,500
remaining shares will continue to vest equally over the next three years as of
July 24 of each year ("Stock Grant") as long as you are employed by the Company.
If there is a Termination Without Cause of Executive's employment prior to July
24, 2005, then all such unvested shares under the Stock Grant shall immediately
vest.

     Change in Control. Following commencement of the Term, Myers and Executive
will enter into a Change in Control Agreement in the form previously delivered
to Executive, the terms of which will provide for the continuation of
compensation and certain benefits in the event of certain terminations of
employment of Executive following a Change in Control. The terms of such
Agreement will provide, subject to certain limitations, for continuation for a
period of 36 months of the Base Salary, incentive compensation, medical, life,
and accidental death and dismemberment insurance under the Company's plans and
payment of premiums as required.

     Upon the occurrence of a Change in Control, the Stock Grant (to the extent
not vested) and all stock options, shall immediately vest.

     Termination.

       A. Definitions

           "Change in Control" means the definition contained in the Change in
Control Agreement between Executive and Myers dated February 14, 2003.

           "Disability" means eligibility for disability benefits under the
terms of Employees' disability policy in effect at the time of termination of
Executive's employment.

           "Termination Date" means the date on which Executive's employment
with Myers terminates.

           "Termination of Employment for Cause" means the termination of
Executive's employment by Myers for any of the following reasons:

                (a) felonious criminal activity whether or not affecting Myers;

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                (b) disclosure to unauthorized persons of Myers information
which is believed by the Board of Directors of Myers, acting in good faith, to
be confidential; provided, however, that any such disclosure shall not be
considered to be "cause" for termination to the extent that: (i) it is required
of Executive pursuant to an order of a court having competent jurisdiction or a
subpoena from an appropriate government agency; or (ii) it is made by Executive
in the ordinary course of business within the scope of his authority;

                (c) dishonesty or the breach of any contract with or violation
of any legal obligation to Myers;

                (d) gross negligence or insubordination in the performance of
duties held by the Chief Operating Officer of Myers.

           "Termination of Employment Without Cause" means the termination of
Executive's employment by Myers for any reason other than Death, Disability, or
For Cause.

           "Termination of Employment for Good Reason" means the voluntary
termination of Executive's employment by Executive for any of the following
reasons:

                (a) involuntary reduction in Executive's Base Salary unless such
reduction occurs simultaneously with a company-wide reduction in officers'
salaries;

                (b) involuntary discontinuance or reduction in Executive's
incentive compensation award opportunities under Myers's plan unless a
company-wide discontinuance or reduction of all officers' incentive compensation
award opportunities occurs simultaneously with such discontinuance or reduction;

                (c) significant reduction in Executive's responsibilities and
status within the Myers organization, or a change in his title or office without
prior written consent of Executive;

                (d) involuntary discontinuance of Executive's participation in
any employee benefit plans maintained by Myers unless such plans are
discontinued by reason of law or loss of tax deductibility to Myers with respect
to contributions to such plans, or are discontinued as a matter of Myers policy
applied equally to all participants in such plans;

                (e) a material breach of this Agreement, which breach is not
corrected within a reasonable time after notice.

       B. Termination of Employment upon Death. If Executive's employment is
terminated by reason of Death, his estate shall be entitled to receive only
Executive's Base Salary to which he was entitled through the Termination Date,
any unpaid bonus due with respect to a year prior to the year in which the
termination occurred, and such other benefits as may be available to him or his
estate through Myers's benefit plans and policies (including the SERP).

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       C. Termination of Employment upon Disability. If Executive's employment
is terminated due to his inability to perform his duties because of Disability,
Executive shall be entitled to receive only his Base Salary to which he was
entitled through the Termination Date, any unpaid bonus due, and such other
benefits as may be available to him through Myers's benefit plans and policies
(including the SERP).

       D. Termination of Employment by Myers for Cause. If Executive's
employment is terminated For Cause, Executive shall be entitled to receive only
Executive's Base Salary to which he was entitled through the Termination Date
and such other benefits as may be available to him through Myers's benefit plans
and policies in effect at the time of termination.

       E. Termination Without Cause or Termination For Good Reason

                (1) If there is a Termination of Employment Without Cause or a
Termination of Employment For Good Reason, and the Termination Date is prior to
the expiration of the Term, Executive's Base Salary and benefits (including
credit for Years of Service under the SERP) shall continue for a period of 36
months following the month in which the Termination Date occurs. Notwithstanding
the preceding sentence, if a termination of employment under this section occurs
following a Change in Control, and if the compensation and benefits provided
under this section, alone or in conjunction with other compensation or benefits
received by Executive, constitute "parachute payments" within the meaning of
Section 280G of the Code or the regulations adopted or proposed thereunder, then
the compensation and benefits payable under this section shall be reduced to the
extent necessary so that no portion shall be subject to the excise tax imposed
by Section 4999 of the Code.

                (2) If there is a Termination of Employment Without Cause or a
Termination of Employment For Good Reason, and the Termination Date is after the
expiration of the Term, Executive shall be entitled to receive only his Base
Salary to which he was entitled through the Termination Date and such other
benefits as may be available to him through Myers's benefit plans and policies.

       F. Termination of Employment Other than for Good Reason. If Executive
terminates employment with Myers other than for Good Reason, Executive shall be
entitled to receive only his Base Salary to which he was entitled through the
Termination Date and such other benefits as may be available to him through
Myers's benefit plans and policies.

       G. Effect of Termination. Upon termination of Executive's employment, the
obligations of each of the parties under this Agreement shall expire as of the
Termination Date, including, without limitation, the obligations of Myers to pay
any compensation to Executive, except to the extent otherwise specifically
provided in this Agreement. Notwithstanding the foregoing, the obligations
contained in the Non-Competition and Non-Disclosure Agreement between Myers and
Executive dated July 18, 2000, and the provisions hereof relating to the
obligations of Myers described in the preceding sentence, shall survive the
termination or expiration of this Agreement in accordance with the terms set
forth therein.

       Confidentiality and Non-Compete. The Non-Competition and Non-Disclosure
Agreement between Myers and Executive dated July 18, 2000, shall remain in full
force and effect.

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       Governing Law. This Agreement shall be construed under and governed by
the internal laws of the State of Ohio. The parties agree to the sole
jurisdiction and venue of the Common Pleas Court in Summit County, Ohio, for any
disputes arising hereunder.

       Entire Agreement. This Agreement sets forth the entire agreement of the
parties concerning the employment of Executive by Myers.

Very truly yours,

 

Myers Industries, Inc.

 

/s/ Stephen E. Myers          

Stephen E. Myers

Agreed and Accepted:

 

/s/ John C. Orr            

John C. Orr

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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