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                                                                   Exhibit 10.24

                       ANCHOR GLASS CONTAINER CORPORATION
                 DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT

            This Indemnification Agreement ("Agreement") is made as of this 24th
day of March, 2005, by and between Anchor Glass Container Corporation, a
Delaware corporation (the "Company"), and Alexander Wolf ("Indemnitee").

            WHEREAS, the Company desires to attract and retain the services of
highly qualified individuals, such as Indemnitee, to serve as officers and
directors of the Company and to indemnify its officers and directors so as to
provide them with the maximum protection permitted by law;

            WHEREAS, the Company and Indemnitee recognize the increasing
difficulty in obtaining directors' and officers' liability insurance, the
significant increases in the cost of such insurance and the general reductions
in the coverage of such insurance;

            WHEREAS, the Company and Indemnitee further recognize the
substantial increase in corporate litigation in general, subjecting officers and
directors to expensive litigation risks at the same time as the availability and
coverage of liability insurance has been severely limited;

            WHEREAS, it is reasonable, prudent and necessary for the Company
contractually to obligate itself to indemnify its directors and certain of its
officers to the fullest extent permitted by applicable law so that they will
serve or continue to serve the Company free from undue concern that they will
not be so indemnified; and

            WHEREAS, the Indemnitee is willing to serve, continue to serve and
to take on additional service for or on behalf of the Company on the condition
that he or she be so indemnified.

            NOW, THEREFORE, in consideration of the premises and the covenants
contained herein, the Company and the Indemnitee do hereby covenant and agree as
follows:

            1.    Indemnification.

                  (a)   Third Party Proceedings. Subject to Section 1(c), the
Company shall indemnify Indemnitee if Indemnitee is or was a party to any
threatened, pending or completed action, suit, arbitration or proceeding,
whether civil, criminal, administrative or investigative (other than an action
by or in the right of the Company) by reason of the fact that he or she is or
was, (1) a director, officer, employee or agent of the Company, (2) named in a
registration statement filed by the Company under the Securities Act of 1933, as
amended (the "Securities Act"), as a person who is about to become a director of
the Company, or (3) serving at the request of the Company as a director,
officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred
by him or her in connection with such action, suit or proceeding if he or she
acted in good faith and in a

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manner he or she reasonably believed to be in or not opposed to the best
interests of the Company, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was unlawful.
The termination of any action, suit or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that Indemnitee did not act in good
faith and in a manner which he or she reasonably believed to be in or not
opposed to the best interests of the Company, and, with respect to any criminal
action or proceeding, had reasonable cause to believe that his or her conduct
was unlawful.

                  (b)   Proceedings by or in the Right of the Company. Subject
to Section 1(c), the Company shall indemnify Indemnitee if Indemnitee is or was
a party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the Company to procure a judgment
in its favor by reason of the fact that he or she is or was, (1) a director,
officer, employee or agent of the Company, (2) named in a registration statement
filed by the Company under the Securities Act as a person who is about to become
a director of the Company, or (3) serving at the request of the Company as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys' fees)
actually and reasonably incurred by him or her in connection with the defense or
settlement of such action or suit if he or she acted in good faith and in a
manner he or she reasonably believed to be in or not opposed to the best
interests of the Company; except that no indemnification shall be made in
respect of any claim, issue or matter as to which Indemnitee shall have been
adjudged to be liable to the Company unless and only to the extent that the
Delaware Court of Chancery or the court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, Indemnitee is fairly and
reasonably entitled to indemnity for such expenses which the Delaware Court of
Chancery or such other court shall deem proper.

                  (c)   Authorization. Any indemnification under this Agreement
(unless ordered by a court) shall be made by the Company only as authorized in
the specific case upon a determination that indemnification of the Indemnitee is
proper in the circumstances because he or she has met the applicable standard of
conduct set forth in Section 1 (a) or (b). Such determination shall be made (a)
by a majority vote of the directors who were not parties to such action, suit or
proceeding, even though less than a quorum, (b) by a committee of such directors
designated by majority vote of such directors, even though less than a quorum,
(c) if there are no such directors, or, if such directors so direct, by
independent legal counsel in a written opinion or (d) by the stockholders. To
the extent, however, that Indemnitee has been successful on the merits or
otherwise in defense of any action, suit or proceeding described above, or in
defense of any claim, issue or matter therein, he or she shall be indemnified
against expenses (including attorneys' fees) actually and reasonably incurred by
him or her in connection therewith, without the necessity of authorization in
the specific case.

            2.    Expenses; Indemnification Procedure.

                  (a)   Advance of Expenses. Expenses (including reasonable
attorneys' fees) incurred by Indemnitee in defending any civil, criminal,
administrative or investigative action, suit or proceeding described in Section
1(a) or (b) hereof shall be paid by the Company in advance of the final
disposition of such action, suit or proceeding upon receipt of an undertaking

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by or on behalf of Indemnitee to repay such amount if it shall ultimately be
determined that he or she is not entitled to be indemnified by the Company as
authorized under this Agreement.

                  (b)   Notice/Cooperation By Indemnitee. Indemnitee shall, as a
condition precedent to his or her right to be indemnified under this Agreement,
give the Company notice in writing as soon as reasonably practicable of any
claim made or threatened to be made against Indemnitee for which indemnification
is or will be sought under this Agreement. Notice to the Company shall be
directed to the Company at the address shown in Section 11 of this Agreement (or
such address as the Company shall designate in writing to Indemnitee). In
addition, Indemnitee shall give the Company such information and cooperation as
it may reasonably require and as shall be within Indemnitee's power.

                  (c)   Procedure. If a claim under Section 1 hereof is not paid
in full by the Company within ninety (90) days after a written claim has been
received by the Company, or a claim under Section 2(a) hereof for an advancement
of expenses is not paid in full by the Company within thirty (30) days after a
written claim has been received by the Company, Indemnitee may at any time
thereafter bring suit against the Company to recover the unpaid amount of the
claim. If successful in whole or in part in any such suit, or in a suit brought
by the Company to recover an advancement of expenses pursuant to Section 2(a),
Indemnitee shall also be entitled to be paid the expense of prosecuting or
defending such suit, including any reasonable attorneys' fees. In any suit by
the Company to recover an advancement of expenses pursuant to Section 2(a), the
Company shall be entitled to recover such expenses, upon a final judicial
decision from which there is no further right to appeal that Indemnitee has not
met the standards of conduct which makes it permissible under applicable law for
the Company to indemnify Indemnitee for the amounts claimed. Neither the failure
of the Company (including its board of directors, independent legal counsel or
stockholders) to have made a determination prior to the commencement of such
suit that indemnification of Indemnitee is proper in the circumstances because
Indemnitee has met the standards of conduct which makes it permissible under
applicable law for the Company to indemnify Indemnitee for the amounts claimed,
nor an actual determination by the Company (including its board of directors,
independent legal counsel, or stockholders) that Indemnitee has not met such
applicable standard of conduct, shall create a presumption that Indemnitee has
not met the applicable standard of conduct or, in the case of such a suit
brought by Indemnitee, be a defense to such suit. In any suit brought by
Indemnitee to enforce a right to indemnification or to an advancement of
expenses pursuant to Section 2(a) hereunder, or by the Company to recover an
advancement of expenses pursuant to Section 2(a), the burden of proving that
Indemnitee is not entitled to be indemnified, or to such advancement of
expenses, under this Agreement or otherwise shall be on the Company.

                  (d)   Notice to Insurers. If, at the time of the receipt of a
notice of an actual or threatened claim pursuant to Section 2(b) hereof, the
Company has director and officer liability insurance in effect, the Company
shall give prompt notice of the commencement of such proceeding to the insurers
in accordance with the procedures set forth in its policies. The Company shall
thereafter take all necessary or desirable action to cause such insurers to pay,
on behalf of the Indemnitee, all amounts payable as a result of such proceeding
in accordance with and to the extent of the terms of such policies.

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                  (e)   Selection of Counsel. In the event the Company shall be
obligated under Section 1 hereof to pay the expenses of any proceeding against
Indemnitee, the Company, if appropriate, shall be entitled to assume the defense
of such proceeding, with counsel approved by Indemnitee, which approval shall
not be unreasonably withheld or delayed, upon the delivery to Indemnitee of
written notice of its election so to do. After delivery of such notice, approval
of such counsel by Indemnitee and the retention of such counsel by the Company,
the Company will not be liable to Indemnitee under this Agreement for any fees
of counsel subsequently incurred by Indemnitee with respect to the same
proceeding, provided that: (i) Indemnitee shall have the right to employ his or
her counsel in any such proceeding at Indemnitee's expense; and (ii) if (A) the
employment of counsel by Indemnitee at the Company's expense has been previously
authorized by the Company, or (B) the Company shall not, in fact, have employed
counsel to assume the defense of such proceeding, then the reasonable fees and
expenses of Indemnitee's counsel shall be at the expense of the Company.

            3.    Additional Indemnification Rights: Nonexclusivity.

                  (a)   Scope. Notwithstanding any other provision of this
Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest
extent permitted from time to time by the Delaware General Corporation Law as
the same presently exists or may hereafter be amended (but, if permitted by
applicable law, in the case of any amendment, only to the extent that such
amendment permits the Company to provide broader indemnification rights than
permitted prior to such amendment) or any other applicable law as presently or
hereafter in effect. In the event of any change in any applicable law, statute
or rule which narrows the right of a Delaware corporation to indemnify a member
of its board of directors, an officer or other corporate agent, such changes, to
the extent not otherwise required by such law, statute or rule to be applied to
this Agreement, shall have no effect on this Agreement or the parties' rights
and obligations hereunder.

                  (b)   Nonexclusivity. The indemnification and advancement of
expenses provided by or granted pursuant to this Agreement shall not be deemed
exclusive of any other rights to which Indemnitee may be entitled under the
Company's Amended and Restated Certificate of Incorporation (as the same may be
further amended from time to time), the Company's Amended and Restated By-Laws
(as the same may be amended from time to time), any other agreement or contract,
any vote of stockholders or disinterested directors or otherwise, both as to
action in his or her official capacity and as to action in another capacity
while holding such office.

            4.    Partial Indemnification. If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of the expenses, judgments, fines or penalties actually or reasonably
incurred by him or her in the investigation, defense, appeal or settlement of
any civil or criminal action or proceeding, but not, however, for the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the
portion of such expenses, judgments, fines or penalties to which Indemnitee is
entitled.

            5.    Mutual Acknowledgment. Both the Company and Indemnitee
acknowledge that, in certain instances, Federal law or applicable public policy
may prohibit the Company from indemnifying its directors and officers under this
Agreement or otherwise.

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Indemnitee understands and acknowledges that the Company may be required in the
future to submit for determination by the appropriate regulatory agency the
question of whether the Company's obligation to indemnify Indemnitee is barred
as a matter of public policy. Nothing in this Agreement is intended to require
or shall be construed as requiring the Company to do or fail to do any act in
violation of applicable law. The Company's inability, pursuant to court order,
to perform its obligations under this Agreement shall not constitute a breach of
this Agreement.

            6.    Exceptions. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement:

                  (a)   Excluded Acts. To indemnify Indemnitee for any acts or
omissions or transactions from which an officer or a director may not be
relieved of liability under the Delaware General Corporation Law; or

                  (b)   Claims Initiated by Indemnitee. To indemnify or advance
expenses to Indemnitee with respect to a proceeding (or part thereof) initiated
or brought voluntarily by Indemnitee and not by way of defense, except with
respect to a proceeding (or part thereof) brought to enforce a right to
indemnification under this Agreement and except with respect to a proceeding (or
part thereof) authorized or consented to by the board of directors of the
Company; or

                  (c)   Lack of Good Faith. To indemnify Indemnitee for any
expenses incurred by the Indemnitee with respect to any proceeding instituted by
Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction determines that each of the material assertions made by the
Indemnitee in such proceeding was not made in good faith or was frivolous; or

                  (d)   Insured Claims. To indemnify Indemnitee for expenses or
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) to the
extent paid, or acknowledged to be payable, directly to or on behalf of
Indemnitee by an insurance carrier under a policy of officers' and directors'
liability insurance; or

                  (e)   Claims Under Section 16(B). To indemnify Indemnitee for
expenses and the payment of profits arising from the purchase and sale by
Indemnitee of securities that is deemed, pursuant to a final judicial decision
from which there is no further right to appeal, in violation of Section 16(b) of
the Securities Exchange Act of 1934, as amended, or any similar successor
statute.

            7.    Certain Definitions. For purposes of this Agreement,
references to "the Company" shall include, in addition to the resulting
corporation, any constituent corporation (including any constituent of a
constituent) absorbed in a consolidation or merger which, if its separate
existence had continued, would have had power and authority to indemnify its
directors, officers, employees or agents, so that any person who is or was a
director, officer, employee or agent of such constituent corporation, or is or
was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, shall stand in the same position under this Agreement
with

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respect to the resulting or surviving corporation as he or she would have with
respect to such constituent corporation if its separate existence had continued.
For purposes of this Agreement, references to "other enterprises" shall include
employee benefit plans; references to "fines" shall include any excise taxes
assessed on a person with respect to an employee benefit plan; and references to
"serving at the request of the Company" shall include any service as a director,
officer, employee or agent of the Company which imposes duties on, or involves
services by, such director, officer, employee or agent with respect to an
employee benefit plan, its participants or beneficiaries; and a person who acted
in good faith and in a manner he or she reasonably believed to be in the
interest of the participants and beneficiaries of an employee benefit plan shall
be deemed to have acted in a manner "not opposed to the best interests of the
Company" as referred to in this Agreement.

            8.    Counterparts. This Agreement may be executed in counterparts,
each of which shall constitute an original.

            9.    Binding Effect; Successors and Assigns. This Agreement shall
be binding upon the Company and its successors and assigns (including any direct
or indirect successor by purchase, merger, consolidation or otherwise to all or
substantially all of the business or assets of the Company), and shall inure to
the benefit of Indemnitee and Indemnitee's estate, heirs, legal representative
and assigns. The Company shall require and cause any successor (whether direct
or indirect, and whether by purchase, merger, consolidation or otherwise) to all
or substantially all of its business or assets expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that it would
be required to perform if no such succession had taken place.

            10.   Attorney's Fees. In the event that any action is instituted by
Indemnitee under this Agreement to enforce or interpret any of the terms hereof,
Indemnitee shall be entitled to be paid all costs and expenses, including
reasonable attorneys' fees, incurred by Indemnitee with respect to such action,
unless as a part of such action, the court of competent jurisdiction determines
that each of the material assertions made by Indemnitee as a basis for such
action were not made in good faith or were frivolous. In the event of an action
instituted by or in the name of the Company under this Agreement or to enforce
or interpret any of terms of this Agreement, Indemnitee shall be entitled to be
paid all costs and expenses, including reasonable attorneys' fees, incurred by
Indemnitee in defense of such action (including with respect to Indemnitee's
counterclaims and cross-claims made in such action), unless as a part of such
action the court determines that each of Indemnitee's material defenses to such
action were made in bad faith or were frivolous.

            11.   Notice. All notices, requests, demands and other
communications under this Agreement shall be in writing, shall be deemed
received three business days after the date postmarked if sent by domestic
certified or registered mail, properly addressed, or if sent otherwise, when
such notice shall actually be received, and shall be delivered by Federal
Express or a similar courier, personal delivery, certified or registered air
mail, or by facsimile transmission. Addresses for notice to either party are as
follows (or at such other addresses for a party as shall be specified by like
notice):

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                  if to the Company:

                  Anchor Glass Container Corporation
                  One Anchor Plaza
                  4343 Anchor Plaza Parkway
                  Tampa, Florida 33634
                  Attention: General Counsel
                  Telephone No.: 813-882-7738
                  Telecopy No.: 813-882-7859

                  if to Indemnitee:

                  Alexander Wolf
                  c/o Anchor Glass Container Corporation
                  One Anchor Plaza
                  4343 Anchor Plaza Parkway
                  Tampa, Florida 33634
                  Telephone No.: 813-884-0000
                  Telecopy No.: 813-882-7859

            12.   Consent To Jurisdiction. The Company and Indemnitee each
hereby irrevocably consent to the jurisdiction of the courts of the State of
Delaware for all purposes in connection with any action or proceeding which
arises out of or relates to this Agreement and agree that any action instituted
under this Agreement shall be brought only in the state courts of the State of
Delaware.

            13.   Choice of Law. This Agreement shall be governed by and its
provisions construed in accordance with the laws of the State of Delaware, as
applied to contracts between Delaware residents entered into and to be performed
entirely within Delaware.

            14.   Severability. The provisions of this Agreement shall be
severable in the event that any of the provisions hereof (including any
provision within a single section, paragraph or sentence) are held by a court of
competent jurisdiction to be invalid, void or otherwise unenforceable, and the
remaining provisions shall remain enforceable to the fullest extent permitted by
law. Furthermore, to the fullest extent possible, the provision of this
Agreement (including, without limitations, each portion of this Agreement
containing any provision held to be invalid, void or otherwise unenforceable,
that is not itself invalid, void or unenforceable) shall be construed so as to
give effect to the intent manifested by the provision held invalid, illegal or
unenforceable.

            15.   Subrogation. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all documents required and shall do
all acts that may be necessary to secure such rights and to enable the Company
effectively to bring suit to enforce such rights.

            16.   Continuation of Indemnification. The indemnification and
advancement of expenses provided by, or granted pursuant to, this Agreement
shall, unless otherwise provided

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when authorized or ratified, continue as to Indemnitee after Indemnitee has
ceased to be a director, officer, employee or agent and shall inure to the
benefit of the heirs, executors, administrators and personal representatives of
Indemnitee.

            17.   Amendment and Termination. No amendment, modification,
termination or cancellation of this Agreement shall be effective unless in
writing signed by both parties hereto.

            18.   Integration and Entire Agreement. This Agreement sets forth
the entire understanding between the parties hereto and supersedes and merges
all previous written and oral negotiations, commitments, understandings and
agreements relating to the subject matter hereof between the parties hereto.

            19.   No Construction as Employment Agreement. Nothing contained in
this Agreement shall be construed as giving Indemnitee any right to be retained
in the employ of the Company or any of its subsidiaries or affiliated entities.

            IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date first above written.

                                    ANCHOR GLASS CONTAINER CORPORATION

                                    By: /s/ Richard A. Kabaker
                                        ----------------------------------------
                                        Name: Richard A. Kabaker
                                        Title: VP, General Counsel and Secretary

                                    ALEXANDER WOLF

                                        /s/ Alexander Wolf
                                        ----------------------------------------

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