Executive Officers' and Directors' Compensation


    Exhibit
      10.25

    


    Named
      Executive Officers’ and Directors’ Compensation

    


    


    Base
      Salaries
      -
      Effective as of January 1, 2007, the base salaries for the Named Executive
      Officers are based on annual salaries as follows:

    


    
      	
              Andrew
                J. Kohut

            	
              President
                & Chief Executive Officer

            	
              $570,000

            
	
              Neil
                Rylance

            	
              Executive
                Vice President - European Packaging

            	
              £246,0001

            
	
              Joel
                K. Mostrom

            	
              Senior
                Vice President & Chief Financial Officer

            	
              $318,000

            
	
              J.P.
                Causey Jr.

            	
              Executive
                Vice President, Secretary & General Counsel

            	
              $292,000

            


    

    


    1
      Mr.
      Rylance’s base salary in U.S dollars as of January 1, 2007 was approximately
      $481,914

     

    Annual
      Incentive Awards
      -
      Effective as of January 1, 2007, the Named Executive Officers were designated
      participants in the 2007 Annual Incentive Program. The target award for Mr.
      Kohut under the 2007 Annual Incentive Program is 60% of his 2007 base salary
      and
      the target awards for Messrs. Rylance, Mostrom and Causey is 50% of their
      respective 2007 base salaries. Awards will be based 75% on the Corporation’s
      financial performance and 25% on individual performance. The corporate
      performance component will be based on the achievement of targets based on
      (a)
      earnings per share (excluding costs of restructuring and refinancing activities)
      and (b) annualized cost savings, both subject to achievement of a threshold
      level of earnings per share. The individual performance component will be based
      on the individual officer’s achievement of individual performance goals during
      2007.

    


    2007-2009
      Long-term Incentive Program
      -
      Effective as of January 1, 2007, the Named Executive Officers were designated
      participants in the 2007-2009 cycle of the Long-Term Incentive Program. On
      January 8, 2007, as participants in the 2007-2009 cycle, the Named Executive
      Officers received the following awards of performance-based restricted common
      stock of the Corporation:

    


    
      	
              Andrew
                J. Kohut

            	
              President
                & Chief Executive Officer

            	
              43,700

            
	
              Neil
                Rylance

            	
              Executive
                Vice President - European Packaging

            	
              26,200

            
	
              Joel
                K. Mostrom

            	
              Senior
                Vice President & Chief Financial Officer

            	
              17,600

            
	
              J.P.
                Causey Jr.

            	
              Executive
                Vice President, Secretary & General Counsel

            	
              16,900

            


    

    


    The
      restricted shares will vest based on the Corporation’s total shareholder return
      over the 2007-2009 cycle compared to the total shareholder return of a peer
      group consisting of the Dow Jones Global Containers and Packaging Company Index.
      

    


    Directors’
      Compensation:

    Employee
      directors of the Corporation are not paid for their service on the Board of
      Directors or any Board committee. Each non-employee director receives an annual
      retainer of $32,000 for Board service; an attendance fee of $1,800 for each
      day
      attending a Board meeting, a committee meeting or meetings, or an organized
      Board of Directors business activity; and reimbursement of expenses. A
      non-employee director traveling across the Atlantic or Pacific Ocean for a
      Board
      or Board committee meeting receives an additional meeting fee of $1,800. The
      Chairmen of the Compensation and Corporate Governance and Nominating Committees
      each receive an additional annual retainer of $6,000. The Chairman of the Audit
      Committee receives an additional annual retainer of $10,000. Where there is
      not
      an employee Chairman of the Board, the non-employee Chairman of the Board
      receives an additional annual retainer of $125,000. In addition, non-employee
      directors are eligible to receive awards of stock, restricted stock or stock
      options under the provisions of the Corporation’s 2005 Incentive Plan.