Document:

<Page>

                                                                    EXHIBIT 10.2

                         SOLO CUP INVESTMENT CORPORATION

                          STOCK OPTION AWARD AGREEMENT
               UNDER THE 2004 MANAGEMENT INVESTMENT AND INCENTIVE
                                COMPENSATION PLAN

     THIS STOCK OPTION AWARD AGREEMENT (the "Award Agreement"), dated as of
March [ ], 2004, is made by and between Solo Cup Investment Corporation, a
Delaware corporation (the "Company"), and [Executive] (the "Optionee").

1.   GRANT OF OPTION

The Company hereby grants to the Optionee an option (the "Option") to purchase
the number of Common Shares set forth below, at the exercise price per share set
forth below (the "Exercise Price"), subject to the terms and conditions of the
Solo Cup Investment Corporation 2004 Management Investment and Incentive
Compensation Plan (the "Plan"), which is incorporated herein by reference, and
this Award Agreement. The Option shall consist of a Time Option and a
Performance Option (each as defined below). Except as otherwise expressly set
forth herein, the Award Agreement shall be construed in accordance with the
provisions of the Plan and any capitalized terms not otherwise defined in this
Award Agreement shall have the definitions set forth in the Plan. The Committee
shall have final authority to interpret and construe the Plan and this Award
Agreement and to make any and all determinations under them, and its decisions
shall be binding and conclusive upon the Optionee and the Optionee's legal
representative in respect of any questions arising under the Plan or this Award
Agreement. In the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Award Agreement, the terms and
conditions of the Plan shall prevail.

         Date of Grant:                       March [ ], 2004

         Exercise Price per Common Share:     $47.32

         Total Number of Common Shares        [  ]
         Subject to the Option:
             Number of Common Shares          [Insert number equal to 60% of
             subject to the Time Option       total options]

             Number of Common Shares          [Insert number equal to 40% of
             subject to the Performance       total options]
             Option
         Type of Option                       Nonqualified Stock Option

<Page>

         Term/Expiration Date:                March [ ], 2014 (the "Expiration
                                              Date") or an earlier date as
                                              provided herein

2.   VESTING

     So long as the Optionee is employed by the Company or any subsidiary of the
Company on the applicable vesting dates set forth below, the Option shall,
unless it vests and becomes exercisable earlier as provided herein, become
vested and exercisable as follows:

     A.   TIME OPTION.

<Table>
<Caption>
          PERCENTAGE                                  VESTING DATE
          ----------                                  ------------
             <S>                          <C>
             25%                           First anniversary of date of grant
             25%                          Second anniversary of date of grant
             25%                           Third anniversary of date of grant
             25%                          Fourth anniversary of date of grant
</Table>

     B.   PERFORMANCE OPTION.

          (i)    (a) 20% of the shares subject to the Performance Option shall
     be subject to the Series A vesting requirements set forth in Section
     2(B)(ii)(a) below (the "Series A Options"), (b) an additional 20% shall be
     subject to the Series B vesting requirements set forth in Section
     2(B)(ii)(b) below (the "Series B Options"), (c) an additional 20% shall be
     subject to the Series C vesting requirements set forth in Section
     2(B)(ii)(c) below (the "Series C Options"), (d) an additional 20% shall be
     subject to the Series D vesting requirements set forth in Section
     2(B)(ii)(d) below (the "Series D Options") and (e) an additional 20% shall
     be subject to the Series E vesting requirements set forth in 2(B)(ii)(e)
     below (the "Series E Options," and together with the Series A Options, the
     Series B Options, the Series C Options and the Series D Options, the
     "Performance Options"). The vesting of all Performance Options shall be
     subject to the achievement of their respective "Target Level" set forth in
     Exhibit A hereto. The Target Level shall be expressed in terms of
     cumulative EBITDA targets (the "Cumulative EBITDA Targets") and cumulative
     debt paydown targets (the "Cumulative Debt Paydown Target"). All unvested
     Performance Options shall expire on December 31, 2008. To the extent that
     (A)(1) the Optionee has not had the opportunity to dispose of any shares
     underlying the Performance Options, or (2) the Company has not exercised
     its rights to effect an Optional Contingent Redemption (as defined in the
     Certificate of Designations) of Convertible

                                        2
<Page>

     Preferred Participating Stock (an "OCR") and (b) Vestar ceases to be a
     Stockholder (as defined in the Stockholders' Agreement), the Optionee shall
     be entitled to receive from the Company, in the form of cash, notes or a
     combination thereof (as determined by the Committee) an amount equal to the
     aggregate Fair Market Value of the Common Shares subject to such
     Performance Options as of December 31, 2008, less the aggregate exercise
     price of such Performance Options.

          (ii)     (a) all Series A Options shall (I) become 100% fully vested
     and exercisable on the first anniversary of the date of grant if the
     Company attains the Series A Target Level for fiscal year 2004, (II) become
     50% vested and exercisable if the Company achieves either the Cumulative
     EBITDA Target or satisfies the Cumulative Debt Paydown Target, in each case
     in respect of the Series A Target Level for fiscal year 2004 or (III) not
     become vested or exercisable if the Company does not attain either portion
     of the Series A Target Level in respect of fiscal year 2004 of the Company.
     Any Series A Options which do not become exercisable pursuant to this
     paragraph shall be referred to as "Suspended Options."

                 (b) all Series B Options shall (I) become 100% fully vested and
     exercisable on the second anniversary of the date of grant if the Company
     attains the Series B Target Level for fiscal year 2005, (II) become 50%
     vested and exercisable the Company achieves either the Cumulative EBITDA
     Target or satisfies the Cumulative Debt Paydown Target, in each case in
     respect of Series B Target Level for fiscal year 2005 or (III) not become
     vested or exercisable if the Company does not attain either portion of the
     Series B Target Level in respect of fiscal year 2005 of the Company. Any
     Series B Options which do not become exercisable pursuant to this paragraph
     shall be referred to as "Suspended Options."

                 (c) all Series C Options shall (I) become 100% fully vested and
     exercisable on the third anniversary of the date of grant if the Company
     attains the Series C Target Level for fiscal year 2006, (II) become 50%
     vested and exercisable if the Company achieves either the Cumulative EBITDA
     Target or satisfies the Cumulative Debt Paydown Target, in each case in
     respect of Series C Target Level for fiscal year 2006 or (III) not become
     vested or exercisable if the Company does not attain either portion of the
     Series C Target Level in respect of fiscal year 2006 of the Company. Any
     Series C Options which do not become exercisable pursuant to this paragraph
     shall be referred to as "Suspended Options."

                 (d) all Series D Options shall (I) become 100% fully vested and
     exercisable on the fourth anniversary of the date of grant if the Company
     attains the Series D Target Level for fiscal year 2007, (II) become 50%
     vested and exercisable if the Company achieves either the Cumulative EBITDA
     Target or satisfies the Cumulative Debt Paydown Target, in each case in
     respect of Series D Target Level for fiscal year 2007 or (III) not become
     vested or exercisable if the Company does not attain either portion of

                                        3
<Page>

     the Series D Target Level in respect of fiscal year 2007 of the Company.
     Any Series D Options which do not become exercisable pursuant to this
     paragraph shall be referred to as "Suspended Options."

                 (e) all Series E Options shall (I) become 100% fully vested and
     exercisable on the fifth anniversary of the date of grant if the Company
     attains the Series E Target Level for fiscal year 2008, (II) become 50%
     vested and exercisable if the Company achieves either the Cumulative EBITDA
     Target or satisfies the Cumulative Debt Paydown Target, in each case in
     respect of Series E Target Level for fiscal year 2008 or (III) not become
     vested or exercisable if the Company does not attain either portion of the
     Series E Target Level in respect of fiscal year 2008 of the Company. Any
     Series E Options which do not become exercisable pursuant to this paragraph
     shall be referred to as "Suspended Options."

     C.   RECAPTURE OF SUSPENDED OPTIONS.

          Notwithstanding any provision contained in Sections 2(B)(ii)(a), (b),
     (c), (d), or (e) above to the contrary, (i) if the Company achieves the
     Cumulative EBITDA Target and satisfies the Cumulative Debt Paydown Target
     with respect to any fiscal year prior to fiscal year-end 2008, all
     Suspended Options in respect of all prior years shall become fully vested
     as of the end of the fiscal year in which the Company achieves such
     Cumulative EBITDA Target and satisfies such Cumulative Debt Paydown Target
     or (ii) if the Company only achieves either the Cumulative EBITDA Target or
     satisfies only the Cumulative Debt Paydown Target with respect to any
     fiscal year, one-half of all Suspended Options in respect of all prior
     years shall become fully vested as of the end of the fiscal year in which
     the Company achieves such target.

     D.   LIQUIDITY EVENT; OPTIONAL CONTINGENT REDEMPTION; ETC.

          (i)    TIME OPTION. In the event of an occurrence of a Liquidity Event
     or OCR, all unvested portions of the Time Option shall become fully vested
     and exercisable.

          (ii)   PERFORMANCE OPTIONS. In the event of an occurrence of a
     Liquidity Event or an OCR, all unvested Performance Options shall become
     vested and exercisable in full if the Company has achieved the Target Level
     (with respect to both the Cumulative EBITDA Target and Cumulative Debt
     Paydown Target) in respect of the fiscal year ending immediately prior to
     the year in which an OCR occurs.

          (iii)  LIMITATIONS ON CHANGE OF CONTROL PAYMENTS. Notwithstanding
     anything in this Agreement to the contrary, accelerated vesting under
     Sections 2D(i) and 2D(ii) of this Agreement, with respect to the occurrence
     of a Change of Control, will not occur unless such accelerated vesting has
     been approved by the Company's stockholders in accordance with the

                                        4
<Page>

     shareholder approval requirements of section 280G(b)(5)(B) of the Code and
     the regulations promulgated thereunder; provided, however, this Section
     2D(iii) will not apply if the Company is not eligible for the shareholder
     exemption under section 280G(b)(5)(A) of the Code and the regulations
     promulgated thereunder at the time of the Change of Control.

          (iv)   TAG-ALONG RIGHTS FOR OPTIONS UPON AN OCR. If the Company
     exercises its right to redeem a percentage of Convertible Participating
     Preferred Shares pursuant to an OCR (its "OCR Right"), the Optionee may
     elect to have the Company (A) redeem the same percentage of the Optionee's
     Option and Option Stock (as defined in the Stockholders' Agreement) (on a
     fully diluted basis), but, in the case of the Option only to the extent the
     Option is then vested, or, if lesser, (B) redeem the number of shares of
     Option Stock plus the number of Common Shares underlying the Optionee's
     Option that is vested (the "Tag-Along Right"); provided, however, that if
     the Company exercises its OCR Right, and the Optionee elects not to
     exercise his Tag-Along Right, the Optionee may not exercise his Tag-Along
     Right in any subsequent OCR. Pursuant to the Tag-Along Right, the Company
     will provide the Optionee with notice that it intends to exercise its OCR
     Right at the same time that it provides notice of the same to Vestar. The
     Optionee will have five (5) business days from receiving such notice to
     notify the Company that he intends to exercise his Tag-Along Right. An
     Optionee who exercises the Tag-Along Right shall receive an amount equal to
     the aggregate Fair Market Value of the Common Shares subject to such Option
     as of the date of the OCR, less the aggregate exercise price of such
     Option. Notwithstanding anything to the contrary contained herein or in the
     Stockholders' Agreement, the Tag-Along Right shall not be available on or
     after the 6th anniversary of the Original Issuance Date through the last
     day pursuant to Section 6(c) of the Certificate of Designations that
     Redemption Securities (as defined in the Certificate of Designations) can
     be redeemed after the 7th anniversary of the Original Issuance Date (as
     defined in the Stockholders' Agreement).

     E.   TREATMENT OF OPTIONS FOLLOWING A LIQUIDITY EVENT OR OCR. In connection
     with the occurrence of a Liquidity Event or an OCR, the Committee may take
     such actions as it deems appropriate which may include, but without
     limitation, any one or more of the following: (i) acceleration or change of
     the exercise and/or expiration dates of the Option to require that exercise
     be made, if at all, prior to the Liquidity Event or OCR; (ii) cancellation
     of the Option upon payment to the Optionee in cash of the Fair Market Value
     of the Common Share subject to such Option as of the date of the Liquidity
     Event or an OCR, less the aggregate exercise price of the Option; and (iii)
     in any case where equity securities of another entity are proposed to be
     delivered in exchange for or with respect to Common Shares or shares of
     Convertible Preferred Stock, as the case may be, equitable adjustments
     including substitute options with respect to such other securities,

                                        5
<Page>

     with appropriate adjustments in the number of shares subject to, and the
     exercise prices under, the award.

3.   TERMS OF OPTION

     A.   METHOD OF EXERCISE. Any vested portion of this Option shall be
     exercised by the Optionee by giving written notice to the Company in the
     form attached as EXHIBIT B. Such exercise shall be effective upon receipt
     of such notice by the Company at its principal office, specifying the
     number of Common Shares with respect to which the Option is being exercised
     and accompanied by (i) the executed Stockholders' Agreement and
     Registration Rights Agreement; (ii) the payment of the exercise price
     thereof in cash or such other method approved by the Committee; and, (iii)
     the payment of any tax amount the Company is required to withhold at source
     as a result of such exercise by Optionee to the extent the Company does not
     withhold pursuant to Section 10 a portion of the Common Shares otherwise to
     be issued.

     B.   OPTION CALL. Notwithstanding anything herein to the contrary, all
     vested portions of the Option (and Option Stock) shall be subject to
     Sections 3.9(a), 3.9(b) and 3.9(c) of the Stockholders' Agreement.
     Following the Call Date (as defined below) the Company shall have the right
     (the "Call Right") to purchase from the Optionee or any Permitted
     Transferee (as defined in the Stockholders' Agreement) of any Option Stock
     (i) the Option (whether or not any portion thereof is vested) held by such
     Optionee and any Option Stock held by such Optionee or Permitted Transferee
     at an aggregate purchase price equal to the (A) the Fair Market Value of
     the Option Stock issuable upon exercise of such Option on the date the
     right to call such Option hereunder is exercised (provided, that for
     purposes of this provision, the Option shall be deemed vested) minus (B)
     the exercise price of such Option (the "Option Call Price") and (ii) all
     Option Stock then held by such Optionee or his Permitted Transferees at an
     aggregate purchase price equal to the Fair Market Value of such shares of
     Option Stock on the date the right to call hereunder is exercised;
     provided, however, that such Call Right may be exercised only after Vestar
     no longer owns any Redemption Securities or, if in connection with the
     exercise of the Call Right, Vestar will cease to own any Redemption
     Securities. For the purposes hereof the "Call Date" shall mean the 6th
     anniversary of the Original Issuance Date. The Company shall have a period
     from the Call Date until the first to occur of (i) the Expiration Date and
     (ii) the date upon which such Option ceases to be exercisable in accordance
     with Section 3D hereof in which to give notice in writing to the Optionee
     or such Permitted Transferee of its election to exercise the rights
     pursuant to this Section 3B (the "Call Notice"). The completion of the
     purchases pursuant to the foregoing shall take place at the principal
     office of the Company within the later of (A) the tenth business day after
     the giving of the Call Notice or (B) ten (10) business days after the
     receipt of all necessary regulatory approvals (including but not limited to
     the expiration or termination of the waiting periods under the
     Hart-Scott-Rodino Antitrust Improvements Act of

                                        6
<Page>

     1976, as amended, if applicable). The price payable as described herein
     shall be paid by delivery to the Optionee or his Permitted Transferees
     against delivery of certificates or other instruments representing the
     Option or the Option Stock so purchased, appropriately endorsed or executed
     by the Optionee or the applicable Permitted Transferee. The purchase price
     may be paid in cash, or if (A) the Company is prohibited from paying cash
     under any financing arrangement or applicable law or (B) the Board makes a
     good faith determination that the payment of cash would create a material
     adverse effect on the financial condition of the Company, then such
     purchase price may be paid (i) by note payable in installments of no longer
     than five (5) years, bearing interest at the Company's prime lending rate
     in effect as of the date of purchase or (ii) by delaying the exercise of
     any call right until the financing or legal restrictions lapse; provided,
     however, that to the extent possible, the Company shall pay the Optionee an
     amount in cash sufficient to cover any income tax liability imposed on the
     Optionee resulting from the exercise of any such call right, at such times
     as are necessary for the Optionee to make required tax payments in a timely
     fashion. The Company may choose to have a designee purchase any securities
     elected to be sold to it hereunder so long as the Company shall bear any
     reasonable costs and expenses of the Optionee and his Permitted Transferees
     in connection with the sale to such designee that would not have otherwise
     been incurred by him in connection with a sale to the Company. All
     references to the Company in this Section 3B shall refer to such designee
     as the context requires.

     C.   PUT RIGHT. Following the Put Date (as defined below) the Optionee
     shall have the right (the "Put Right") to require the Company to purchase
     from the Optionee or any Permitted Transferee (as defined pursuant to the
     Stockholders' Agreement) of any Option Stock (i) the Option (whether or not
     any portion thereof is vested) and any Option Stock held by such Optionee
     or Permitted Transferee at an aggregate purchase price equal to the Option
     Call Price and (ii) all Option Stock then held by such Optionee or his
     Permitted Transferees at an aggregate purchase price equal to the Fair
     Market Value of such shares of Option Stock on the date the Put Right
     hereunder is exercised. For the purposes hereof the "Put Date" shall mean
     the first to occur of (i) the one year anniversary of the last day that
     Redemption Securities can be redeemed pursuant to Section 6(c) of the
     Certificate of Designations and (ii) the date upon which both (A) no shares
     of Convertible Participating Preferred Stock remain outstanding and Vestar
     ceases to own any Redemption Securities of the Company and (B) either (I)
     the Optionee's employment is terminated (other than by the Company for
     Cause or by the Optionee for Good Reason) or (II) the sixtieth day prior to
     the Expiration Date. The Optionee shall have a period from the Put Date
     until the first to occur of (i) the Expiration Date and (ii) the date upon
     which such Option ceases to be exercisable in accordance with Section 3D
     hereof in which to give notice in writing to the Company of his election to
     exercise the rights pursuant to this Section 3C (the "Put Notice");
     provided, however, that in no event shall the Optionee be permitted to
     exercise the Put Right granted hereby at any time

                                        7
<Page>

     during the period beginning on or after the 6th anniversary of the Original
     Issuance Date and ending on the 90th day following the 7th anniversary of
     the Original Issuance Date. The completion of the purchases pursuant to the
     foregoing shall take place at the principal office of the Company within
     the later of (A) the tenth business day after the giving of the Put Notice
     or (B) ten (10) business days after the receipt of all necessary regulatory
     approvals (including but not limited to the expiration or termination of
     the waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act
     of 1976, as amended, if applicable). The price payable as described herein
     shall be paid by delivery to the Optionee or his Permitted Transferees
     against delivery of certificates or other instruments representing this
     Option or the Option Stock so purchased, appropriately endorsed or executed
     by the Optionee or the applicable Permitted Transferee. The price payable
     as described herein shall be paid by delivery to the Optionee or his
     Permitted Transferees against delivery of certificates or other instruments
     representing the Option or the Option Stock so purchased, appropriately
     endorsed or executed by the Optionee or the applicable Permitted
     Transferee. The purchase price may be paid in cash, or if (A) the Company
     is prohibited from paying cash under any financing arrangement or
     applicable law or (B) the Board makes a good faith determination that the
     payment of cash would create a material adverse effect on the financial
     condition of the Company, then such purchase price may be paid (i) by note
     payable in installments of no longer than five (5) years, bearing interest
     at the Company's prime lending rate in effect as of the date of purchase or
     (ii) by delaying the exercise of the Put Right until the financing or legal
     restrictions lapse; provided, however, that to the extent possible, the
     Company shall pay the Optionee an amount in cash sufficient to cover any
     income tax liability imposed on the Optionee resulting from the exercise of
     such Put Right, at such times as are necessary for the Optionee to make
     required tax payments in a timely fashion. The Company may choose to have a
     designee purchase any securities elected to be sold to it hereunder so long
     as the Company shall bear any reasonable costs and expenses of the Optionee
     and his Permitted Transferees in connection with the sale to such designee
     that would not have otherwise been incurred by him in connection with a
     sale to the Company. All references to the Company in this Section 3C shall
     refer to such designee as the context requires.

     D.   POST-TERMINATION EXERCISE. In the event that the Optionee ceases to be
     employed by the Company, the Option (to the extent then outstanding) shall
     terminate as follows:

          (i)    TERMINATION FOR CAUSE. If Optionee's employment is terminated
          by the Company for Cause, all vested and unvested portions of the
          Option shall immediately expire and terminate on termination of
          employment.

          (ii)   TERMINATION BY THE COMPANY OTHER THAN FOR CAUSE, DEATH OR
          DISABILITY OR BY THE OPTIONEE FOR GOOD REASON. If (a) Optionee's

                                        8
<Page>

          employment is terminated by the Company other than for Cause, death or
          Disability, or by the Optionee for Good Reason, or (b) the Company
          fails to renew the term of the employment agreement between the
          Optionee and the Company (the "Employment Agreement"), then (a) all
          vested portions of the Option shall remain exercisable for one (1)
          year following termination of employment but in no event after the
          Expiration Date and (b) any unvested portion of the Option shall
          expire on termination of employment.

          (iii)  TERMINATION BY OPTIONEE OTHER THAN FOR GOOD REASON. If the
          Optionee's employment is terminated by the Optionee other than for
          Good Reason, then (a) any outstanding vested portion of the Option
          shall remain exercisable for thirty (30) days following termination of
          employment (but in no event past the Expiration Date); and (b) any
          unvested portion of the Option shall expire on termination of
          employment.

          (iv)   TERMINATION BECAUSE OF DEATH OR DISABILITY. If Optionee's
          employment is terminated by reason of Optionee's death or Disability,
          then (a) any outstanding vested portion of the Option shall remain
          exercisable until the Expiration Date; and (b) any unvested portion of
          the Option shall expire on termination of employment.

4.   RIGHTS AS STOCKHOLDER.

     Optionee shall not have voting rights as a shareholder (in any and all
matters whatsoever) until the date as of which the holder is registered as the
owner of the Common Shares, in the Company's register and solely to the extent
provided by the Stockholders' Agreement.

     Each Optionee agrees to vote all of his Option Stock in favor of any
proposal submitted to the Company's stockholders for approval for the purpose of
exempting certain Change in Control payments from the definition of "parachute
payments" under Section 280G of the Code, in accordance with the shareholder
approval requirements of section 280G(b)(5)(B) of the Code and the regulations
promulgated thereunder.

5.   ADJUSTMENTS.

     In the event of a reorganization, recapitalization, stock dividend or stock
split, or combination or other change in the Common Shares, the Board shall, in
order to prevent the dilution or enlargement of rights under the Option, make
such equitable adjustments in the Fair Market Value of the Option and in the
number of Common Shares or other securities subject to the Option and the Option
Exercise Price as the Board in its sole discretion may determine.

6.   NON-TRANSFERABILITY OF OPTION.

                                        9
<Page>

     The Option may not be transferred other than by will or the laws of descent
and distribution, and during the Optionee's lifetime shall be exercisable only
by that Optionee, except as follows. The Optionee may transfer the Option to any
Family Member (as defined in the Stockholders' Agreement) (to the extent that
such Family Member is a trust, in all events only where such transferee trust or
other entity is established and maintained for estate planning purposes and
conducts no business other than holding passive investments), and any such
transferee shall be bound by all of the terms and conditions applicable to the
Optionee.

7.   ENTIRE AGREEMENT; GOVERNING LAW.

     The Plan is incorporated herein by reference. The Plan and this Award
Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and the Optionee with respect to the subject matter
hereof, and may not be modified adversely to the Optionee's interest except by
means of a writing signed by the Company and the Optionee. This Award Agreement
is governed exclusively in accordance with the laws of the State of Delaware,
without regard to its conflict of laws rules and principles.

8.   NO GUARANTEE OF CONTINUED EMPLOYMENT.

     Nothing in the Plan or in this Award Agreement hereunder shall confer any
right on the Optionee to continue in the employ of the Company or shall
interfere in any way with the right of the Company to terminate the Optionee at
any time.

     By the Optionee's signature and the signature of the Company's
representative below, the Optionee and the Company agree that this Option is
granted under and governed by the terms and conditions of the Plan and this
Award Agreement. The Optionee has reviewed the Plan and this Award Agreement in
their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Award Agreement and fully understands all provisions of the Plan
and Award Agreement. The Optionee further agrees to notify the Company upon any
change in the residence address indicated below.

9.   SECURITIES LAWS REQUIREMENTS; LEGEND ON CERTIFICATES; STOCKHOLDERS'
     AGREEMENT.

     The certificates representing the Option Stock shall be subject to such
stop transfer orders and other restrictions as the Committee may deem reasonably
advisable under the Plan or the rules, regulations, and other requirements of
the Securities and Exchange Commission, any stock exchange upon which such
Option Stock may be or are listed, any applicable federal or state laws and the
Company's Articles of Incorporation and Bylaws, and the Committee may cause a
legend or

                                       10
<Page>

legends to be put on any such certificates to make appropriate
reference to such restrictions. Upon the acquisition of any Option Stock, the
Optionee will make or enter into such written representations, warranties and
agreements as the Committee may reasonably request in order to comply with
applicable securities laws or with this Award Agreement.

     By entering into this Award Agreement, the Optionee agrees and acknowledges
that the Optionee has received and read a copy of the Plan and the Stockholders'
Agreement. The Option and the Option Stock received upon exercise of the Options
are subject to the Plan and the Stockholders' Agreement. The terms and
provisions of the Plan and the Stockholders' Agreement as it may be amended from
time to time are hereby incorporated by reference.

10.  WITHHOLDING OF TAXES.

     The Company may require the Optionee to tender the amount of any such taxes
to the Company prior to the issuance of Option Stock to the Participant upon
exercise or payment of other amounts due under this Award Agreement. In the
alternative the Company may, but shall not be required to withhold a portion of
the Common Shares otherwise to be issued upon the exercise or other settlement
of the Option equal in value to the minimum amount required to be withheld under
applicable law in respect of any income, employment or other taxes required to
be paid by virtue of the Optionee receiving an Option under this Award
Agreement. In no event shall the Company be liable for any of a Optionee's
income tax obligations.

11.  COUNTERPARTS.

     This Award Agreement may be executed in any number of counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Any counterpart or other
signature hereupon delivered by facsimile shall be deemed for all purposes as
constituting good and valid execution and delivery of this Award Agreement by
such party.

12.  CERTAIN DEFINITIONS.

     For purposes of this Award Agreement following definitions shall apply:

     (i)   "Cause" shall have the meaning assigned to such term in the
Optionee's Employment Agreement, or, if not defined therein or if there is no
such agreement, "Cause" means (a) Optionee's willful failure to perform
Optionee's duties (other than as a result of total or partial incapacity due to
physical or mental illness) which is not cured following written notice, (b)
Optionee's conviction of, or plea of NOLO CONTENDERE to, a crime constituting
(I) a felony under the laws of the United States or any state thereof or (II) a
misdemeanor involving moral turpitude, (c) Optionee's willful malfeasance or
willful misconduct in connection with

                                       11
<Page>

Optionee's duties which is materially injurious to the financial condition or
business reputation of the Company or any of its affiliates, (d) Optionee's
breach of any non-competition, non-solicitation or confidentiality provisions to
which the Optionee is subject (other than disclosure of confidential information
made by the Optionee in the ordinary course of business so long as the Optionee
reasonably believes that such disclosure is in furtherance of the Company's
business), or (e) any material breach by the Optionee of the Employment
Agreement; PROVIDED that the Company provides written notice to the Optionee
within 60 days of its knowledge that such a breach has occurred; and PROVIDED
FURTHER that the Optionee shall have 10 business days following actual receipt
of such notice to cure such breach.

     (ii)  "Good Reason" shall have the meaning assigned to such term in the
Employment Agreement, or, if not defined therein or if there is no such
agreement, "Good Reason" shall mean (a) a substantial diminution in Optionee's
position or duties or assignment of duties materially inconsistent with the
Optionee's position, (b) any reduction in Optionee's base salary, except if such
reduction is part of an across-the-board reduction similarly affecting other
executives, or (c) any material breach by the Company of the Employment
Agreement; provided that the Company shall have 30 business days following
receipt of written notice of the existence of Good Reason to cure such breach;
provided, further, that in each case, "Good Reason" will cease to exist for an
event on the 60th day following the later of its occurrence or the Optionee's
knowledge thereof, unless the Optionee has given the Company written notice
thereof prior to such date.

     (iii) "Registration Rights Agreement" shall mean the Registration Rights
Agreement, dated as of February 27, 2004, among the Company and each of the
stockholders of the Company whose name appears on the signature pages thereof
(as the same may amended from time to time).

13.  GENDER

All pronouns and references to gender contained in this Award Agreement shall be
deemed to refer to the masculine, feminine or neuter, as the context may
require.

                                       12
<Page>

          IN WITNESS WHEREOF, Optionee and the Company have executed this
Agreement as of the date first above written

                                        SOLO CUP INVESTMENT CORPORATION

                                        By:
                                           ----------------------------

                                        Title:
                                              -------------------------

     The undersigned hereby acknowledges having read this Stock Option Award
Agreement and the Plan and hereby agrees to be bound by all provisions set forth
herein and in the Plan.

     ----------------------------------------
     [EXECUTIVE]

<Page>

                                    EXHIBIT A

                      PERFORMANCE OPTIONS VESTING CRITERIA

<Table>
<Caption>
           Performance                 Cumulative EBITDA(1)         Cumulative Debt
           Period                      Target Level                 Paydown
--------   --------                    ------------                 -------
<S>        <C>                         <C>                          <C>
Series A   2004 fiscal year. . . . .   $   205.5 million            $   63.0 million
Series B   2005 fiscal year. . . . .   $   442.3 million            $  145.5 million
Series C   2006 fiscal year. . . . .   $   706.7 million            $  250.8 million
Series D   2007 fiscal year. . . . .   $   984.0 million            $  367.5 million
Series E   2008 fiscal year. . . . .   $ 1,274.3 million            $  495.5 million
</Table>

----------
(1)  EBITDA shall have the meaning set forth in the "Consolidated
     EBITDA" definition set forth in the Company's revolving credit agreement.
     Note also that all EBITDA target numbers shall be calculated after payment
     of bonuses.

<Page>

                                    EXHIBIT B

                                SOLO CUP COMPANY

                           2004 MANAGEMENT INVESTMENT

                         AND INCENTIVE COMPENSATION PLAN

                                 EXERCISE NOTICE

[Insert Address]

Attention [ ]:

     I hereby elect to exercise the Option granted to me on March [ ], 2004,
under the Solo Cup Investment Corporation 2004 Management Investment and
Incentive Compensation Plan, with respect to _____ Common Shares at the exercise
price of $47.32 per share for a total purchase price of $___________.

     I wish to make payment of the exercise price as indicated below (check one
or more boxes):
           ______  cash;

           ______  certified check; or

           ______  other (subject to approval by the Company), please specify:
                   _____ ___________ ________ __________ _________ _________.

     I understand that I may suffer adverse tax consequences as a result of my
purchase of the Common Shares. I have consulted with any tax consultants I deem
advisable in connection with my purchase of the Common Shares and I am not
relying on Solo Cup Investment Corporation for any tax advice. I authorize the
Company to deduct all amount necessary to satisfies any withholding obligations
the Company may incur in connection with this exercise. If requested by the
Company, I agree to tender the amount of any required withholdings to the
Company prior to the payment of any amounts due under this Award Agreement.

                                        Signature:
                                                     ------------------------

                                        Printed Name:
                                                     ------------------------

                                        Address:
                                                     ------------------------

                                                     ------------------------

                                                     ------------------------

                                        Dated:
                                                     ------------------------<Page>

                                                                    EXHIBIT 10.3

                           CONVERTIBLE PREFERRED UNIT
                                 AWARD AGREEMENT

     THIS CONVERTIBLE PREFERRED UNIT AWARD AGREEMENT dated as of March [ ], 2004
is entered into by and between Solo Cup Investment Corporation, a Delaware
corporation (the "Company"), and [EXECUTIVE] (the "Executive"). Any capitalized
terms that are used but not defined herein shall have the meaning ascribed to
such terms in the Plan or in the Stockholders' Agreement, as the context may
require.

                                    RECITALS

     WHEREAS, the Company has entered into the Convertible Participating
Preferred Stock Purchase Agreement by and among the Company, Vestar Capital
Partners IV, L.P., Vestar Cup Investment, LLC and Vestar Cup Investment II, LLC,
dated February 27, 2004; and

     WHEREAS, the Solo Cup Company and the Executive have previously entered
into an employment agreement, dated [ ], pursuant to which Solo Cup Company is
obligated to maintain a deferred compensation account for the Executive (the
"Prior Agreement"); and

     WHEREAS, the Company and the Executive have agreed to enter into a new
employment agreement which will supercede the Prior Agreement in its entirety;
and

     WHEREAS, the Company has adopted the Solo Cup Investment Corporation 2004
Management Investment and Incentive Plan (the "Plan"), the terms of which shall
be deemed to be incorporated herein; and

     WHEREAS, the Company and the Executive agree that, as of the date hereof,
the balance of the Executive's deferred compensation account shall be converted
into a number of Convertible Preferred Units under the Plan (equal to the number
of shares of Convertible Participating Preferred Stock that could have been
purchased with such balance at a purchase price of $1,000.00 per share) and
credited to the Executive's Account under the Plan;

     WHEREAS, the Company and the Executive agree that the value of the
Executive's Account shall be paid to the Executive in accordance with the terms
and conditions set forth in this Convertible Preferred Unit Award Agreement and
in the Plan; and,

     WHEREAS, the Executive is a party to the Stockholders' Agreement and has
agreed to be bound by its terms;

<Page>

     NOW, THEREFORE, the Company and Executive hereby agree as follows:

     1.  COMPANY'S AGREEMENT. In consideration of the services to be rendered
for the Company by the Executive, the Company hereby agrees that it shall pay to
the Executive, as deferred compensation, the Executive's Plan Amount at the
time, in the manner, and subject to the terms and conditions hereinafter set
forth. The Executive's Account shall be credited with [ ] Convertible Preferred
Units as of the date hereof.

     2.  NATURE OF PLAN AMOUNT. The Company's agreement pursuant to Section 1 is
solely a deferred obligation to distribute shares of Convertible Participating
Preferred Stock to the Executive (together with any rights or amounts awarded or
paid in connection with such deferred obligation) and confers upon the Executive
no rights of ownership with respect to the Company's Convertible Participating
Preferred Stock or other voting equity interests, except as expressly provided
herein. Notwithstanding the foregoing, the Convertible Preferred Units
(hereinafter, "CPUs") credited to the Executive's Account shall, on a
one-for-one basis, entitle the Executive to participate in distributions, sales
proceeds, redemption events, preferences and priorities and conversion rights to
the same extent as the underlying Convertible Participating Preferred Shares, as
provided by the Stockholders' Agreement and Certificate of Designations.

     3.  FORM OF PAYMENT WITH RESPECT TO CONVERTIBLE PREFERRED UNITS. The
payment of the Executive's Plan Amount shall be made in shares of Convertible
Participating Preferred Stock equal to the number of CPUs credited to the
Executive's Account immediately prior to the Distribution Date (as defined
below). In the event that the Convertible Participating Preferred Stock of the
Company is to be converted into the right to receive cash or marketable
securities of another corporation or entity in connection with a transaction
constituting a Liquidity Event, or is to be converted into Common Stock of the
Company in connection with an IPO, each CPU held by the Executive shall also be
converted into such right, without the intervening need to distribute the
underlying Convertible Participating Preferred Stock to the Executive.

     4.  DISTRIBUTION EVENTS.

          (a)  The Executive's Plan Amount shall promptly be distributed to the
Executive by the Company (or any successor) upon the occurrence of a Liquidity
Event, or as soon as practicable thereafter.

          (b)  In the event that the Executive's employment is terminated for
any reason prior to the occurrence of a Liquidity Event, the Executive shall be
entitled to receive a distribution of the Executive's Plan Amount in (i) cash
equal to the Fair Market Value of the CPUs credited to the Executive's Account
(which shall be equal to the Fair Market Value of the same number of Convertible
Participating Preferred Shares) on the date of such termination unless otherwise
mutually agreed or (ii) a number of Convertible Participating Preferred Shares
equal to the number of CPUs credited to the Executive's Account on the date of
such termination, in the discretion of the Company. No dividend equivalents paid
or accrued with respect to the Convertible Preferred Units credited to the

                                        2
<Page>

Executive's Account shall be credited to the Executive during the period
following his termination of employment with the Company.

          (c)  In order to effectuate the intent of Section 2, the Executive and
the Company further agree that the CPUs credited to the Executive's Account
shall be distributed to him in the form of cash upon or coincident with any of
the occurrences set forth in Sections 6(a), 6(b), 6(c), 6(d) and Section 6(f) of
the Certificate of Designations in an amount calculated based upon the
percentage of outstanding Convertible Participating Preferred Shares being
redeemed pursuant to any of the foregoing subsections to Section 6 of the
Certificate of Designations and the applicable redemption price. For purposes of
this Convertible Preferred Unit Award Agreement, the date as of which the
Executive becomes entitled to a distribution of the Convertible Participating
Preferred Shares underlying the CPUs credited to his Account shall be referred
to as the "Distribution Date". In order to effectuate the intent of Section 2,
the Executive and the Company further agree that the CPUs credited to the
Executive's Account shall be distributed to him in the same type and amount as
would be distributed on account of the underlying Convertible Preferred Shares
upon or coincident with a "Liquidation" (as such term is used in the Certificate
of Designations).

          (d)  In the event of Transfer by a Transferring VCP Stockholder or
Transferring LLC Stockholder (each as defined pursuant to the Stockholders'
Agreement) which gives rise to tag along rights pursuant to either Section
3.5(a) or Section 3.5(b) of the Stockholders' Agreement, the Executive shall
receive a distribution of Convertible Participating Preferred Shares (or, if
applicable, Common Stock) equal to the maximum number of Convertible
Participating Preferred Shares (or, if applicable shares, of Common Stock) which
Executive would be entitled to sell pursuant thereto in excess of the number of
shares of Purchased Equity Shares (as defined in the Stockholders' Agreement)
then owned by Executive.

          (e)  In the event that pursuant to Section 3.1(b) of the Stockholders'
Agreement the Executive is entitled to require SCC Holdings LLC to purchase any
Equity Securities (as defined in the Stockholders' Agreement), the Executive
shall receive a distribution of Convertible Participating Preferred Shares (or,
if applicable, Common Stock) equal to the maximum number of Convertible
Participating Preferred Shares (or, if applicable, shares of Common Stock) which
Executive would be entitled to sell pursuant thereto in excess of the number of
shares of Purchased Equity Shares then owned by Executive.

          (f)  In the event that, pursuant to the Registration Rights Agreement
(as defined in the Stockholders' Agreement), the Executive has the right to
require that the Company include Common Stock held by such Executive in a
registration statement filed in accordance therewith, the Executive shall
receive a distribution of Convertible Participating Preferred Stock in the
amount necessary to result in such Executive, upon conversion thereof, owning
that number of shares of Common Stock permitted to be included in such
registration statement pursuant to the Registration Rights Agreement.

                                        3
<Page>

     5.  DIVIDEND EQUIVALENTS. The Executive shall be entitled to receive
dividend equivalents with respect to each CPU credited to his Account with
respect to any dividends that are paid or accrued or would be paid or accrued if
the shares were then outstanding on shares of Convertible Participating
Preferred Stock or any other securities underlying the Award to the extent set
forth in this Section 5. If and when cash dividends are paid on the Convertible
Participating Preferred Stock or any other securities which are then underlying
the award, the Executive shall receive a current cash payment equal in amount to
such cash dividend with respect to each CPU then credited to the Executive's
Account. In the event that there are accrued and unpaid dividends at the time
that the Convertible Participating Preferred Shares or any other securities are
distributed to the Executive in respect of the CPUs credited to his Account,
such Convertible Participating Preferred Shares or other securities shall be
deemed to have accrued and unpaid dividends with respect thereto in the
aggregate amount of such accrued and unpaid dividends. The Company will report
any such dividend equivalents paid on the CPUs as income to the Executive when
paid.

     6.  CERTAIN RIGHTS IN CONNECTION WITH AN INITIAL PUBLIC OFFERING. Following
an IPO, the Executive shall, on the first anniversary of the IPO, receive a
distribution of Common Shares with respect to one-eighth (1/8th) of the CPUs
credited to his Account, and with respect to an additional one-eighth (1/8th) of
such CPUs at the beginning of each calendar quarter thereafter. The Executive
shall have the rights to Transfer (as defined in the Stockholders' Agreement)
the Common Shares so distributed to him as provided in the Stockholders'
Agreement.

     7.  EQUITABLE ADJUSTMENTS. Notwithstanding anything to the contrary
contained herein, the Committee may, in order to prevent the dilution or
enlargement of rights underlying the CPUs and to maintain their direct relation
with the economic rights associated with the Convertible Participating Preferred
Shares or other securities that underlie the CPUs, make such adjustments to CPUs
and in the number of Convertible Participating Preferred Shares or other
securities underlying the CPUs due upon conversions or distribution as the
Committee in its sole discretion may determine to maintain such rights.

     8.  CONFORMITY WITH THE PLAN. This Convertible Preferred Unit Award Unit
Agreement is intended to conform in all respects with, and are subject to all
applicable provisions of, the Plan (which is incorporated herein by reference).
To the extent that there are inconsistencies between this Convertible Preferred
Unit Award Agreement and the Plan, the provisions of the Plan shall govern. By
executing and returning the enclosed copy of this Convertible Preferred Unit
Award Agreement, the Executive hereby acknowledges his receipt of this agreement
and the Plan, acknowledges that he has read and understands this agreement and
the Plan and acknowledges his agreement to be bound by all of the terms of this
Convertible Preferred Unit Award Agreement and the Plan. Capitalized terms that
are used, but are not defined herein, shall have the meaning ascribed to such
terms in the Plan.

                                        4
<Page>

     9.  STOCKHOLDERS' AGREEMENT. The CPUs and any related Convertible
Participating Preferred Stock shall be subject to the Stockholders' Agreement
including, without limitation, Sections 3.5, 3.6, 3.7 and 3.8 thereof. In this
connection, the Executive would be entitled to participate with respect to the
same proportion of CPUs credited to his Account as Vestar participates with
respect to its Convertible Participating Preferred Shares held by such entity.

     10. WITHHOLDING. The Company may require the Executive to tender the amount
of any taxes to the Company prior to the issuance of Convertible Participating
Preferred Stock or Common Stock in connection with a distribution event
described in this Agreement.

     11. COVENANT. The Executive agrees to vote all of the shares of (i)
Convertible Participating Preferred Stock underlying the CPUs or (ii) other
securities that underlie (a) the CPUs or (b) the shares of Convertible
Participating Preferred Stock received upon the distribution of the CPUs
(including any Common Stock obtained upon the conversion of such stock), in each
case, to the extent that such securities are entitled to vote, in favor of any
proposal submitted to the Company's stockholders for approval for the purpose of
exempting certain Change in Control payments from the definition of "parachute
payments" under Section 280G of the Code, in accordance with the shareholder
approval requirements of section 280G(b)(5)(B) of the Code and the regulations
promulgated thereunder.

     12. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. Any
counterpart or other signature hereupon delivered by facsimile shall be deemed
for all purposes as constituting good and valid execution and delivery of this
Agreement by such party.

                                        5
<Page>

IN WITNESS WHEREOF, Executive and the Company have executed this Agreement as of
the date first above written

                                        SOLO CUP INVESTMENT CORPORATION

                                        By:
                                           -----------------------------
                                        Title:
                                              --------------------------

          The undersigned hereby acknowledges having read this Convertible
Preferred Unit Award Agreement and the Plan and hereby agrees to be bound by all
provisions set forth herein and in the Plan.

                                              -------------------------
                                              [EXECUTIVE]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]