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                                                                    Exhibit 10.2

                               SEVERANCE AGREEMENT

      THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into this
February 17, 2003, by and between IESI Corporation, a Delaware corporation, on
behalf of itself, its parent, subsidiaries and affiliates ("IESI"), and Thomas
J. Fowler ("Employee").

      WHEREAS, IESI is engaged in the solid waste management business;

      WHEREAS, IESI employs Employee in an executive capacity as its Vice
President, Secretary, and General Counsel;

      WHERAS, in consideration of such employment Employee is willing to provide
to IESI certain assurances regarding protection of IESI's interests in and to
confidential and proprietary business information, which IESI has disclosed to
Employee or which Employee will obtain by virtue of such employment with IESI,
and IESI is willing to provide a severance payment to Employee;

      NOW, THEREFORE, in consideration of the premises and mutual promises
contained herein, and for other good and valuable consideration not otherwise
due, the receipt and sufficiency of which is hereby acknowledged by each of the
parties to this Agreement, and each of the parties to this Agreement intending
to be legally bound, it is agreed as follows:

            1. SEVERANCE PAYMENT. In the event of a Change of Control (as
hereinafter defined) of IESI Corporation, you will be entitled to a severance
payment equal to twelve (12) months' base salary, plus one hundred percent
(100%) of the most recent annual cash bonus paid (or if Change occurs in 2003,
the $20,000 promised in your offer letter) to you by IESI Corporation (the
"Severance Payment"). The Severance Payment will be payable in full no later
than sixty (60) days following the occurrence of such Change in Control.

            For purposes of this Agreement, "Change of Control" means the direct
or indirect merger, sale, lease, transfer, conveyance or other disposition of
all or substantially all of the capital stock, properties or assets of IESI
Corporation and its subsidiaries taken as a whole, as a result of which, within
six (6) months following such transaction, any of the following occurs (1) your
employment is terminated, (2) there is a material reduction of the level of your
compensation, or (3) the location of your employment is moved by more than fifty
(50) miles.

            2. NON-COMPETITION; NON-SOLICITATION. Employee hereby agrees that
during the period of his employment with IESI and for twelve (12) months
following the payment of the Severance Payment (the "Severance Period"), he will
not, directly or indirectly, as a stockholder (except for the purpose of passive
investment in an amount equal to less than 2% of any class of securities of any
publicly held corporation), officer, director, employee, principal, member,
manager, agent, trustee, partner, joint venturer, financing source, consultant,
advisor or in any other capacity whatsoever, be associated with any entity
engaged in, or engage in, or facilitate in any manner (including, without
limitation, by the sale or transfer of any assets) the engagement by any other
person in, any solid waste management business activities or services, anywhere
within a radius of 50 miles from any IESI location in the continental United
States (the "Restricted Area") that results in competition with IESI.

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            Employee further agrees that during the Severance Period he will
not, directly or indirectly, solicit or hire any employee of IESI or otherwise
interfere with or disrupt the employment relationship between IESI and any of
its employees. Employee further agrees that during the Severance Period he will
not, directly or indirectly, solicit or do business with any customers of IESI
(with whom IESI does business or did business during the period of Employee's
employment) or with any individuals or entities whom he met by virtue of his
employment with IESI, which solicitation or doing business results in
competition with IESI within the Restricted Area.

            3. CONFIDENTIALITY/NON-DISPARAGEMENT. In consideration for the
execution by IESI of this Agreement, the Severance Payment, and other good and
valuable consideration, Employee agrees to keep this Agreement, and each of its
terms, strictly confidential. Employee specifically agrees not to discuss this
Agreement, its existence, nor any of its terms, with any other person
(including, but not limited to, other employees of IESI, and others with whom
IESI has a business or professional relationship) except the Employee's
attorney, accountant, financial advisor and members of his immediate family,
governmental tax authorities or as required by law or regulation. Employee
further agrees that he will advise any individual to whom the terms, conditions
or existence of this Agreement have been disclosed of the confidentiality
requirements of this paragraph. Moreover, both parties agree that they will not
disparage or criticize either IESI or the Employee, or IESI's current, future or
former employees, officers, or directors, to others, and will not communicate
with others (except as may be required by law) in a manner which does or might
portray either the Employee or IESI its current, future or former employees,
officers, or directors in a negative light. In the event that the Employee
breaches this paragraph governing confidentiality and non-disparagement, or any
part of it, the parties agree that all severance payments shall immediately
cease, and Employee shall forfeit the right to any and all payments under this
Agreement. Further, in the event of such a breach, unless otherwise prohibited
by law, Employee agrees to reimburse IESI for all payments received by him from
IESI under this Agreement to date, including all severance payments. This remedy
shall not, however, be considered the exclusive remedy of IESI for a breach of
any provision of this Agreement. In the event that IESI breaches its
non-disparagement obligation as set forth herein, the Employee may seek
injunctive relief in a court of law.

            4. NON-DISCLOSURE. Employee agrees that he will not disclose or
divulge to any person or entity or use for his own benefit or for the benefit of
any other person or entity, any confidential or proprietary business information
concerning the business and affairs of IESI, which information is developed or
obtained by Employee during the course of his employment with IESI, unless he is
legally compelled to do so; PROVIDED, HOWEVER, that in such event Employee shall
provide IESI with immediate written notice so that IESI may seek a protective
order or other appropriate remedy. Furthermore, Employee acknowledges that such
confidential or proprietary business information is unique, valuable, considered
trade secrets, is proprietary to IESI and is and will remain the property of
IESI. As used in this Agreement, "confidential or proprietary business
information" shall include, but not be limited to, IESI's customer lists,
prospective customer lists, individual names of customers and prospective
customers, the needs and requirements of any such actual or prospective
customers, sales volumes of individual customers, financial records, pricing
procedures, marketing policies and strategies, improvements, processes, products
in development, and techniques. Employee also agrees that concurrently with the
termination of his employment or at any other time upon request of IESI,

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Employee shall deliver to IESI all confidential or proprietary business
information and all property of IESI in the control or possession of Employee,
including cellular telephones, computer hardware or software, business cards and
other documents, information, material or equipment relating to any of the
foregoing confidential or proprietary business information or belonging to IESI
which he has in his control or possession.

            Furthermore, Employee agrees that all memoranda, notes, records,
customer lists or other documents made or compiled by him or otherwise made
available to him concerning the business of IESI or its subsidiaries or
affiliates is the property of IESI and he shall deliver the same to IESI upon
the expiration or termination of his employment with IESI or at any other time
upon request by IESI, and he shall retain no copies of those documents and shall
never at any time have or claim any right, title or interest in any material or
matter of any sort prepared for or used in connection with the business or
promotion of IESI. Employee agrees that to the extent any confidential or
proprietary business information of IESI may constitute a "trade secret" as
defined by applicable law, then, in addition to the remedies set forth in this
Agreement, IESI may elect to bring an action against Employee in the case of any
actual or threatened misappropriation of any such trade secret by Employee.

            5. REASONABLE RESTRAINTS. Employee expressly recognizes and agrees
that the restraints imposed in this Agreement are (i) reasonable as to time,
geographic limitation and scope of activity to be restrained; (ii) reasonably
necessary to the enjoyment by IESI of the value of its assets and to protect its
legitimate interests; (iii) represent a reasonable and necessary restriction for
the protection of the legitimate interests of IESI; and (iv) not oppressive.
Employee further expressly acknowledges that the failure by Employee to observe
and comply with the covenants and agreements in this Agreement will cause
irreparable harm to IESI, and that it is and will continue to be difficult to
ascertain the extent of the harm and damages to IESI that such a failure by
Employee would cause. Employee agrees that the consideration received by him for
entering into these covenants and agreements is fair, that the covenants and
agreements and their enforcement will not deprive Employee of his ability to
earn a reasonable living in the solid waste management business or otherwise,
and that Employee has acquired knowledge and skills in his field that will allow
him to obtain employment without violating these covenants and agreements. In
the event that any court having jurisdiction should find that the restraints set
forth in this Agreement are unreasonable as to time, geographic area or scope of
activity as to constitute an undue hardship on Employee, then, in such event
only, such restraints shall be deemed reduced to the extent necessary in the
opinion of such court to make their application reasonable.

            6. VOLUNTARY AND KNOWING WAIVER. By signing this Agreement, Employee
acknowledges and agrees that:

                  (a) he has been afforded a reasonable and sufficient period of
time to review, for deliberation thereon and for negotiation of the terms
thereof;

                  (b) he has carefully read and understands the terms of this
Agreement;

                  (c) he has had the opportunity to seek the advice of an
attorney of his choice prior to signing this Agreement;

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                  (d) IESI provided him with a period of ten (10) days after his
receipt of the Agreement to review and consider it;

                  (e) he has signed the Agreement freely and voluntarily and
without duress or coercion and with full knowledge of its significance and
consequences and of the rights relinquished, surrendered, released and
discharged hereunder.

            7. ENFORCEMENT. Employee further recognizes that Employee's services
to IESI and the agreements and covenants hereunder are special, unique and of
extraordinary character. Accordingly, Employee acknowledges that, in addition to
any other rights and remedies which IESI may have in the event of any breach of
this Agreement, IESI shall be entitled, and hereby is expressly and irrevocably
authorized by Employee, INTER ALIA, to demand and obtain specific performance,
including, without limitation, temporary and permanent injunctive relief, and
all other appropriate equitable relief against Employee in order to enforce
against Employee, or in order to prevent any breach or any threatened breach by
Employee of, the covenants and agreements contained herein. In case of any
breach of this Agreement, nothing herein contained shall be construed to prevent
IESI from seeking such other remedy in the courts as it may elect or invoke.

            8. GOVERNING LAW. This Agreement is made and entered into in the
State of Texas, and shall in all respects be interpreted, construed, enforced
and governed in accordance with the laws of the State of Texas without regard to
any conflict or choice of laws, rules or principals. The parties submit to the
exclusive jurisdiction and venue of the federal or state courts located in the
County of Tarrant to resolve any issues that may arise out of or relate to this
agreement.

            9. SEVERABILITY. If any term or provision of this Agreement is held
or deemed to be invalid or unenforceable in whole or in part, by a court of
competent jurisdiction, such term or provision shall be ineffective to the
extent of such invalidity or unenforceability without rendering invalid or
unenforceable the remaining terms and provisions of this Agreement.

            10. ENTIRE AGREEMENT. This Agreement contains the entire
understanding and agreement between the parties, and fully supersedes any and
all prior agreements or understandings between the parties relating to the
subject matter hereof. This Agreement may be modified only by a subsequent
written agreement, executed by the parties.

            11. BINDING EFFECT. All covenants, representations, and agreements
made by or on behalf of Employee and IESI contained in this Agreement shall be
binding upon the parties and their respective spouse, successors,
representatives, assigns, legatees, heirs and estates.

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      IN WITNESS WHEREOF, the parties hereto have executed this Severance
Agreement on the ________________, 2003.

                                         IESI CORPORATION

                                         By: /s/ Charles F. Flood
                                            -----------------------------
                                         Name: Charles F. Flood
                                         Title: President and CEO

                                         EMPLOYEE

                                         By: /s/ Thomas J. Fowler
                                            -----------------------------
                                         Name: Thomas J. Fowler

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Exhibit 10.1    
    

 
 

SIXTH AMENDMENT

        This
SIXTH AMENDMENT (this "Amendment"), dated as of April 9, 2003, is entered into by and among Huntsman International LLC (f/k/a
Huntsman ICI Chemicals LLC), a Delaware limited liability company (the "Borrower"), Huntsman International Holdings LLC (f/k/a Huntsman ICI Holdings
LLC), a Delaware limited liability company ("Holdings"), the undersigned financial institutions, including Deutsche Bank Trust Company Americas
(formerly named Bankers Trust Company), in their capacities as lenders hereunder (collectively, the "Lenders," and each individually, a
"Lender"), Deutsche Bank Trust Company Americas (formerly named Bankers Trust Company), as Lead Arranger, Administrative Agent
("Administrative Agent") for the Lenders and Sole Book Manager, Goldman Sachs Credit Partners L.P., as Syndication Agent and Co-Arranger and
The Chase Manhattan Bank and UBS Warburg LLC (as successor to Warburg Dillon Read), as Co-Arrangers and as Co-Documentation Agents (collectively, the
"Agents" and each individually, an "Agent"). Terms used herein and not otherwise defined herein shall
have the same meanings as specified in the Credit Agreement (as defined below). 

RECITALS:

        A.
The Borrower, Holdings, the Lenders, the Agents and the Administrative Agent have heretofore entered into that certain Credit Agreement dated as of June 30, 1999, as amended by
that certain First Amendment dated as of December 21, 2000, that certain Second Amendment dated as of March 5, 2001, that certain Third Amendment dated as of November 30, 2001,
that certain Fourth Amendment dated as of March 15, 2002 and that certain Fifth Amendment dated as of February 7, 2003 (as amended, restated, supplemented or otherwise modified from time
to time, the "Credit Agreement"). 

        B.
The Borrower and Holdings wish, and the Lenders signatory hereto and the Agents and Administrative Agent are willing, to amend the Credit Agreement subject to the terms and conditions
of this Agreement. 

        C.
This Agreement constitutes a Loan Document and these Recitals shall be construed as part of this Agreement. 

        NOW,
THEREFORE, in consideration of the recitals herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereto agree as follows: 

SECTION 1. Amendment of Credit Agreement.

        The
Credit Agreement is hereby amended as of the Sixth Amendment Effective Date as follows: 

        (a) Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in their
proper alphabetical order:

        "Sixth Amendment" means that certain Sixth Amendment to this Agreement dated as of April 9, 2003. 

        "Sixth Amendment Effective Date" has the meaning set forth in Section 2 of the Sixth Amendment. 

        (b) Section 4.5(e)(ii) of the Credit Agreement is hereby amended by adding the following new
sentence immediately at the end of such section:

        "Notwithstanding
anything else in this Section 4.5(e)(ii) to the contrary, any prepayment of principal required to be made
by the Borrower pursuant to Section 4.4(m)(ii) during the period beginning on the Sixth Amendment Effective Date and ending on
May 15, 2003 in an amount not exceeding $200 million, shall be applied, first, in an amount equal to 17% of the Net Offering Proceeds thereof, to reduce pro rata the outstanding balance
of the Domestic Revolving Loans and 

 

Multicurrency
Revolving Loans (in each case without any permanent reduction in the applicable Commitment), second shall be applied, subject to  Section 4.5(c), to the Scheduled Term A Dollar Repayments, the
Dollar Equivalent amount of the Scheduled Term A Euro Repayments, the Scheduled
Term B Repayments and the Scheduled Term C Repayments due within the 16 month period following the date of such prepayment in direct order of maturity and thereafter, subject to  Section 4.5(c),
 shall be applied in proportional amounts equal to the Term A Dollar Percentage, the Term A Euro Percentage, Term B Percentage and
Term C Percentage (in each case, after giving effect to the prepayments made to the Scheduled Term A Dollar Repayments, the Scheduled Term A Euro Repayments, Scheduled Term B Repayments and Scheduled
Term C Repayments due within such 16 month period as specified above), as the case may be, of such remaining prepayment, if any, and within each Term Loan, shall be applied to reduce the
remaining Scheduled Term A Repayments, Scheduled Term B Repayments and Scheduled Term C Repayments on a pro rata basis (based upon the then remaining principal amount of such Scheduled Term A Dollar
Repayments, Scheduled Term A Euro Repayments, Scheduled Term B Repayments and Scheduled Term C Repayments, respectively)." 

        (c) Section 8.2(o) of the Credit Agreement is hereby amended by (i) adding the parenthetical
"(including intraday cash management lines relating thereto)" immediately following the word "Indebtedness" where such word first appears in such Section; and (ii) adding the parenthetical
"(other than intraday cash management lines relating thereto)" immediately following the word "Indebtedness" in each other place where such word appears in such Section.

        SECTION 2.    Conditions to Effectiveness of the
Amendment. The provisions of this Amendment shall become effective upon the date of the satisfaction of all of the conditions set forth in this  Section 2 (the
"Sixth Amendment Effective Date"): 

         2.1  Proper Execution and Delivery of Amendment. Borrower, Holdings, the Administrative Agent and the Required Lenders shall
have duly executed and delivered to Administrative Agent this Amendment. 

         2.2  Delivery of Credit Party Documents. On or before the date hereof, Borrower shall deliver or cause to be delivered to
Administrative Agent the following with respect to each of Borrower and Holdings, each, unless otherwise noted, dated the Sixth Amendment Effective Date: 

        (a)
Certified copies of its Certificate of Formation, together with a good standing certificate from the Secretary of State of the jurisdiction of its incorporation and each other state
in which it is qualified as a foreign corporation to do business and where failure to be so qualified would have a Material Adverse Effect and, to the extent generally available, a certificate or
other evidence of good standing as to payment of any applicable franchise or similar taxes from the appropriate taxing authority of each of such states, each dated a recent date prior to the Sixth
Amendment Effective Date or, in the event that any such document has been previously delivered by the Borrower to the Administrative Agent, a certificate executed by a Responsible Officer of the
Borrower indicating that no change has occurred with respect to such document; 

        (b)
Copies of its operating agreement or limited liability company agreement, certified by its corporate secretary or an assistant secretary or a certificate of the lack of any change
thereto since the Initial Borrowing Date or, in the event that any such document has been previously delivered by the Borrower to the Administrative Agent, a certificate executed by a Responsible
Officer of the Borrower indicating that no change has occurred with respect to such document; 

        (c)
Resolutions of its members, manager or board of managers (i) approving and authorizing the execution, delivery and performance of this Amendment, and (ii) approving and
authorizing the execution, delivery and performance of the other Loan Documents to which it is a party and all transactions related thereto, in each case certified as of the Sixth Amendment Effective
Date by its 

2

 

corporate
secretary or an assistant secretary as being in full force and effect without modification or amendments; 

        (d)
Signature and incumbency certificates of its officers executing this Amendment; and 

        (e)
Such other instruments and documents in respect of such matters as Administrative Agent shall reasonably request. 

         2.3  Representations and Warranties; Default; Officer's Certificate. After giving effect to this Amendment, the
representations and warranties set forth in Article VI of the Agreement shall be true and correct, except to the extent such representations and
warranties are expressly made as of a specified date in which event such representations and warranties shall be true and correct as of such specified date, and no Event of Default or Unmatured Event
of Default shall have occurred or be continuing and Administrative Agent shall have received a certificate executed by a Responsible Officer on behalf of Borrower, dated the Sixth Amendment Effective
Date stating that, after giving effect to this Amendment, the representations and warranties set forth in Article VI of the Agreement are true
and correct as of the date of the certificate, except to the extent such representations and warranties are expressly made as of a specified date in which event such representations and warranties
shall be true and correct as of such specified date, that no Event of Default or Unmatured Event of Default has occurred and is continuing, and that the conditions of this  Section 2 hereof have
been fully satisfied or waived. 

         2.4  Fees. Borrower shall have paid to Administrative Agent and the Lenders all costs, fees and expenses (including, without
limitation, reasonable legal fees and expenses) payable to Administrative Agent and the Lenders to the extent then due, including, without limitation, pursuant to  Section 4 of this Amendment.

         2.5  Corporate Proceedings. All corporate and legal proceedings and all instruments and agreements in connection with the
execution and delivery of this Amendment shall be satisfactory in form and substance to Administrative Agent and the Required Lenders and Administrative Agent and all Lenders shall have received all
information and copies of all documents and papers, including records of corporate proceedings, governmental approvals, good standing certificates and bring-down telegrams or certificates,
if any, which Administrative Agent or such Lender reasonably may have requested in connection therewith, such documents and papers where appropriate to be certified by proper corporate or Governmental
Authorities. 

        Each
Lender and the Administrative Agent hereby agrees that by its execution and delivery of its signature page hereto, such Person approves of and consents to each of the matters
set forth in Section 2 which must be approved by, or which must be satisfactory to, the Required Lenders or such Person, as the case may be;  provided
that, in the case of any agreement or document which must be approved by, or which must be satisfactory to, the Required Lenders,
Administrative Agent or Borrower shall have delivered a copy of such agreement or document to such Person if so requested on or prior to the Sixth Amendment Effective Date. 

        SECTION 3. References to and Effect on the Credit Agreement.    On and after the date hereof each
reference in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein," or words of like import, and each reference to the Credit Agreement, as the case may be, in the Loan Documents
and all other documents (the "Ancillary Documents") delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. 

        Except
as specifically amended above, the Credit Agreement, and the other Loan Documents and all other Ancillary Documents shall remain in full force and effect and are hereby ratified
and confirmed. 

3

 

        The
execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders or
Administrative Agent under the Credit Agreement, the Loan Documents or the Ancillary Documents. 

        SECTION 4. Fees, Costs and Expenses.    (a) Borrower agrees to pay a fee to the Administrative
Agent on or prior to the Sixth Amendment Effective Date on behalf of each Lender which has executed and delivered this Amendment on or prior to 5:00 p.m. E.S.T. on April 9, 2003 equal to
..05% times the sum of the Domestic Revolving Commitment, Multicurrency Revolving Commitment and outstanding Term Loans of such Lender as in effect under the Credit Agreement on the Sixth Amendment
Effective Date, such fee to be due and payable on the Sixth Amendment Effective Date; and (b) Borrower also agrees to pay all reasonable costs and expenses of the Administrative Agent in
connection with the
negotiation, preparation, printing, typing, reproduction, execution and delivery of this Amendment and all other documents furnished pursuant hereto or in connection herewith, including without
limitation, the reasonable fees and out-of-pocket expenses of Winston & Strawn, special counsel to Administrative Agent and any local counsel retained by Administrative
Agent relative thereto or the reasonable allocated costs of staff counsel as well as the fees and out-of-pocket expenses of counsel, independent public accountants and other
outside experts retained by Administrative Agent in connection with the administration of this Amendment. 

SECTION 5. Miscellaneous.  

         5.1  Execution in Counterparts. This Amendment may be executed in one or more counterparts, each of which, when executed and
delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same document with the same force and effect as if the signatures of all of
the parties were on a single counterpart, and it shall not be necessary in making proof of this Amendment to produce more than one (1) such counterpart. Delivery of an executed signature
page to this Amendment by telecopy shall be deemed to constitute delivery of an originally executed signature page hereto. 

         5.2  Governing Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL
PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF SAID STATE WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 

         5.3  Headings. Headings used in this Amendment are for convenience of reference only and shall not affect the construction of
this Amendment. 

         5.4  Integration. This Amendment, the other agreements and documents executed and delivered pursuant to this Amendment and the
Credit Agreement constitute the entire agreement among the parties hereto with respect to the subject matter hereof. 

         5.5  Binding Effect. This Amendment shall be binding upon and inure to the benefit of and be enforceable by the Borrower, the
Administrative Agent and the Lenders and their respective successors and assigns. Except as expressly set forth to the contrary herein, this Agreement shall not be construed so as to confer any right
or benefit upon any Person other than the Borrower, the Administrative Agent and the Lenders and their respective successors and permitted assigns. 

[signature page follows]

4

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their duly authorized officers as of the day and year first above written. 

5

QuickLinks

Exhibit 10.1

SIXTH AMENDMENT

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