csk10k_ex1025.htm


    Exhibit
10.25

    


    Named
Executive Officers’ and Directors’ Compensation

    


    Base Salaries –The
base salaries and their respective effective dates for the Named Executive
Officers are based on annual salaries as follows:

    


    
      	
              Andrew
      J. Kohut

            	
              President
      & Chief Executive Officer

            	
              $570,000

            	
              January
      1, 2007

            
	
              Joel
      K. Mostrom

            	
              Executive
      Vice President & Chief Financial Officer

            	
              $340,000

            	
              July
      24, 2007

            
	
              J.P.
      Causey Jr.

            	
              Executive
      Vice President, Secretary & General Counsel

            	
              $292,000

            	
              January
      1, 2007

            
	
              Michael
      Cheetham (1)

            	
              Vice
      President – Pharmaceutical & Healthcare Packaging

            	
              £180,000

            	
              July
      24, 2007

            
	
              Timothy
      D. Whitfield (2)

            	
              Vice
      President – Branded Products Packaging

            	
              £146,400

            	
              July
      24, 2007

            


    

    


    (1) Mr.
Cheetham’s base salary in U.S dollars as of January 1, 2008 was approximately
$359,000

    (2) Mr.
Whitfield’s base salary in U.S dollars as of January 1, 2008 was approximately
$292,000

    


    Annual Incentive
Awards – Effective as of January 1, 2008, the Named Executive Officers
were designated participants in the 2008 Annual Incentive
Program.  The target award for Mr. Kohut under the 2008 Annual
Incentive Program is 60% of his 2008 base salary; the target awards for Messrs.
Mostrom and Causey are 50% of their respective 2008 base salaries; and the
target awards for Messrs. Cheetham and Whitfield are 45% of their respective
2008 base salaries.  Awards for Messrs. Kohut, Mostrom and Causey will
be based 75% on the Corporation’s financial performance and 25% on individual
performance.  Awards for Messrs. Cheetham and Whitfield will be based
75% on their respective division’s financial performance and 25% on individual
performance.  The corporate and division performance component will be
based on the achievement of targets based on (a) improvement in operating income
before interest expense, income taxes, depreciation  and amortization
over 2007 levels and  (b) operating income before interest expense,
income taxes, depreciation  and amortization as a percent of net
sales.  The individual performance component will be based on the
individual officer’s achievement of individual performance goals during
2008.

    


    2008-2010 Long-term
Incentive Program - On January 7, 2008, as participants in the 2008-2010
cycle of the Long-Term Incentive Program, the Named Executive Officers received
the following awards of shares of performance-based restricted common stock of
the Corporation:

    


    
      	
              Andrew
      J. Kohut

            	
              President
      & Chief Executive Officer

            	
              68,900

            
	
              Joel
      K. Mostrom

            	
              Executive
      Vice President & Chief Financial Officer

            	
              29,800

            
	
              J.P.
      Causey Jr.

            	
              Executive
      Vice President, Secretary & General Counsel

            	
              25,600

            
	
              Michael
      Cheetham

            	
              Vice
      President – Pharmaceutical & Healthcare Packaging

            	
              25,400

            
	
              Timothy
      D. Whitfield

            	
              Vice
      President – Branded Products Packaging

            	
              20,600

            


    

    


    The
restricted shares will vest based on the Corporation’s total shareholder return
over the 2008-2010 cycle compared to the total shareholder return of a peer
group consisting of the companies in the Dow Jones Global Containers and
Packaging Company Index during the three- year cycle.

    


    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 the
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.  When 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 common stock, stock options or other
equity awards under the provisions of the Corporation’s 2005 Incentive
Plan.