Document:

Employment Agreement of a Managing Director, dated July 1, 1995

 Exhibit 10.17 
  
 Translation from the German Language 
  
 Employment Agreement of a Managing Director 
  
 between 
  
 Sengewald Klinikprodukte GmbH, Adlerstraße 2, 83101 Rohrdorf/Thansau, 
 Germany, 
  
 - on the one hand - 
  
 and 
  
 Mr. Dieter EBERLE, 83026 Rosenheim, 
  
 - on the other - 
  

	1.	Scope of Responsibilities and Obligations 

  

	1.1	Mr. EBERLE is Managing Director of Sengewald Klinikprodukte GmbH and as such only entitled to represent Sengewald Klinikprodukte GmbH jointly with another Managing Director of
Sengewald Klinikprodukte GmbH. 

  

	1.2	In the framework of the tasks assigned to him, Mr. EBERLE shall see to it that the business of Sengewald Klinikprodukte GmbH is conducted in compliance with the legal
regulations, the Statutes of Sengewald Klinikprodukte GmbH, this Agreement as well as the Standing Order of this enterprise which may be established by the Meeting of the Shareholders and be subject to change without prior notice (enclosure no. 1).
Mr. EBERLE shall observe the instructions and directives given the Meeting of Shareholders of Sengewald Klinikprodukte GmbH. 

  

	1.3	When taking decisions Mr. EBERLE shall be guided at all times by the corporate well-being of Sengewald Klinikprodukte GmbH while – at the same time – taking the fact
into account that this Company is a member of a group. Moreover Mr. EBERLE shall ensure that all legal transactions between Sengewald Klinikprodukte GmbH on the one hand, and other companies belonging to the KNP BT group are conducted in the
same way as with third parties not belonging to the group. 

  

	1.4	Mr. EBERLE shall place his entire working-time at the Sengewald Klinikprodukte GmbH’s disposal. The assumption of gratuitous responsibilities or of responsibilities
against payment, in the professional or industrial field, is admissible only after prior written assent of the Share-holders’ Meeting of Sengewald Klinikprodukte GmbH. 

  

 -1- 
 (initialled) 

	1.5	Sengewald Klinikprodukte GmbH reserves the right to entrust Mr. EBERLE – after consultations between the Board of Directors, the Chairman of the Board of Managers, and
Mr. EBERLE, and - without any variation in remuneration – with other reasonable tasks and functions which are consistent with Mr. EBERLE’S professional qualifications, if those tasks mentioned under nos. 1.1 and 1.2 cease, or
decrease to such an extent that additional tasks can be described as reasonable. 

  

	1.6	Mr. EBERLE shall discharge his duties with the care of a prudent and conscientious businessman while having due regard to the protection of the interests of the company.

  

	1.7	Mr. EBERLE shall not be exempted from the restrictions mentioned in section 181 of the German Civil Code. 

  

	1.8	Mr. EBERLE shall be in charge of the Production and Technology Division. 

  

	1.9	Should the property in all the Sengewald Klinikprodukte GmbH shares pass on to Karl H. Sengewald GmbH & Co. KG, Halle, Mr. EBERLE’S powers shall be integrated
into the KNP BT-structure. 

  

	2.	Remuneration; Supplementary Payments and Fringe Benefits 

  

	2.1	As compensation for his activities Mr. EBERLE shall receive from Sengewald Klinikprodukte GmbH an annual total gross salary (TFI = Total Fixed Gross Annual Income including a
holiday grant) amounting to DM 200,000.00 (say: two hundred thousand deutschmarks), payable in 12 equal instalments at the end of each month. Such payment shall represent total compensation for services rendered by Mr. EBERLE for Sengewald
Klinikprodukte GmbH. Mr. EBERLE does not qualify for any Christmas bonus or similar additional payments. 

  

	2.2	The Shareholders’ Meeting of Sengewald Klinikprodukte GmbH shall annually review as to whether and to what extent the salary range and the Total Fixed Gross Annual Income (TFI)
should be adjusted. In this context the salary developments in the market shall be taken into consideration. 

  

	2.3	In addition Mr. EBERLE shall be entitled every year to a variable Management Bonus to be paid by Sengewald Klinikprodukte GmbH, which shall be based on the plans and methods
laid down by the Board of Directors of the Sengewald Klinikprodukte GmbH. The amount of such Management Bonus shall depend on to what extent the targets laid down in advance by the Board of Directors of Sengewald Klinikprodukte GmbH have been
achieved in the respective year. Such Bonus shall amount to 0 p.c. to 30 p.c. of the Total Fixed Gross Annual Income (TFI) paid to Mr. EBERLE for the respective year. 

  
 The Management Bonus shall be due and payable after approval of the year-end Financial Statements. 
  

	2.4	The variable supplementary payments mentioned under no. 2.3 shall not be taken into account when other supplementary benefits are calculated. 

  

 -2- 
 (initialled) 

	2.5	For the time of his activity, Sengewald Klinikprodukte GmbH shall provide Mr. EBERLE with a reasonable company car, which he may also use for private purposes.

  

	2.6	As of 1st January 1996 Mr. EBERLE
shall qualify for a company pension. Mr. EBERLE shall make arrangements for the medical examination necessary for the company-pension reassurance procedure being carried out. 

  

	2.7	For the period of his Employment Agreement Mr. EBERLE shall be a member of the existing accident insurance scheme of the company. 

  

					
	 Amounts insured:
	 	assurance payable at death:	  	199,00.00 deutschmarks
	 	 	assurance when disabled:	  	398,000.00 deutschmarks.

  
 The premiums due shall
be paid by Sengewald Klinikprodukte GmbH. 
  

	2.8	On presentation of the relative monthly invoice, Sengewald Klinikprodukte GmbH shall fully compensate Mr. EBERLE for telephone calls made from his private telephone, on behalf
of the company. 

  

	2.9	On production of the respective documentary evidence, Mr. EBERLE shall be entitled to claim reimbursement of travelling, accommodation and other expenses made within the range
of the maximum amounts deductible from tax liability, which he has made in connection with activities in compliance with this Employment Agreement. 

  

	2.10	Taxes that may accrue in connection with those benefits according to nos. 2.1 – 2.5 shall be borne by Mr. EBERLE. 

  

	3.	Working Time; Vacation 

  

	3.1	Mr. EBERLE shall not be bound by any definite working time. Mr. EBERLE shall work overtime if that is necessary or desirable in the interest of Sengewald Klinikprodukte
GmbH without claiming any additional remuneration. 

  

	3.2	Mr. EBERLE shall be entitled to an annual holiday of 30 business days. The holiday period shall be fixed in compliance with the corporate interests of Sengewald Klinikprodukte
GmbH. In urgent cases which bear no delay, Mr. EBERLE shall also be prepared to give Sengewald Klinikprodukte GmbH information or advice, even during his holidays. 

  

 -3- 
 (initialled) 

	4.	Remuneration in the Case of Illness or Death 

  

	4.1	In the case of a temporary inability to work due to illness or another reason beyond his control, Mr. EBERLE shall be entitled to payments and benefits in compliance with no. 2
of this Agreement for the period of 6 weeks. Should his inability to work continue for more than 6 weeks, Mr. EBERLE shall continue qualifying for payments and benefits in compliance with no. 2 of this Agreement for a period of another 4.5 months.
In such a case, benefits Mr. EBERLE has received from government or private health, accident, or pension insurance schemes shall be deducted. Should his inability to work be due to circumstances for which a third party is liable, Mr. EBERLE
shall assign such claims to the amount of the payments and benefits to be made in accordance with sentences 1 and 2, to Sengewald Klinikprodukte GmbH. 

  

	4.2	Should Mr. EBERLE die during the period of this Agreement, his widow, and his children who haven’t completed their school and vocational training yet, in their capacity as
joint and several debtors (sic!), shall be entitled to the salary in accordance with no. 2.1 for the period of 2 months, beginning on conclusion of the month in which Mr. EBERLE died. 

  

	4.3	Should this Employment Agreement be a fixed-term agreement or should notice to terminate this Agreement have been given when the inability to work occurred, payments and benefits
under nos. 4.1 and 4.2 shall be granted for not longer than the fixed term, or the day when the notice to terminate this Agreement becomes effective. 

  

	5.	Inventions 

  
 Mr. EBERLE shall assign to Sengewald Klinikprodukte GmbH, all the rights, free of charge, which refer to inventions Mr. EBERLE has made in
connection with his activities based on this Agreement. 
  
 Sengewald Klinikprodukte GmbH shall accept such assignment. 
  

	6.	Non-Disclosure; Prohibition to Compete Clause 

  

	6.1	Mr. EBERLE shall keep all business matters of a confidential nature as well as the business and trade secrets he has become acquainted with in connection with his activities
under this Agreement as top secret. Such obligation shall also apply to the time after expiry of this Employment Agreement. 

  

	6.2	Upon request Mr. EBERLE shall deliver to Sengewald Klinikprodukte GmbH, at any time, all business brochures and documents, including copies and private notes and records, which
refer to business transactions of Sengewald Klinikprodukte GmbH. After expiry of this Employment Agreement such obligation shall also apply without any request being made. Mr. EBERLE shall have no lien on such brochures and documents.

  

 -4- 
 (initialled) 

	6.3	During the term of this Employment Agreement and for 1 year after expiry of this Employment Agreement Mr. EBERLE shall act, neither directly nor indirectly, for any enterprise
that operates in the field in which Sengewald Klinikprodukte GmbH is engaged. During such period Mr. EBERLE shall effect no competitive transactions for his own account or the account of a third party. Nor shall he establish a competing enterprise
or take an interest in such an enterprise. Nor shall he, in any way, neither directly nor indirectly, support any other competitors. This Company shall pay to Mr. EBERLE the minimum compensation for the period of Prohibition to Compete as
defined by sections 74 et sqq. of the German Commercial Code. 

  

	6.4	Should Mr. EBERLE violate the obligations under sections no. 6.1 or no. 6.2, he shall pay a penalty of 30,000.00 deutschmarks for each individual case of violation, and, in the
case of continuing violation, the sum of 30,000.00 deutschmarks for each month of violation, without any prejudice to the rights of Sengewald Klinikprodukte GmbH to put forward further claims. 

  

	7.	Life of this Agreement 

  

	7.1	This Agreement shall commence on 1st July
1995 and shall run for an indefinite period of time. It may be terminated by either Party to this Agreement with 12 months’ notice to the end of any month. 

  

	7.2	The Sengewald Klinikprodukte GmbH may terminate this Agreement prematurely with 6 weeks’ notice to the end of any quarter of the year, if Mr. EBERLE has been unable to
work for more than 6 (six) months during a period of 12 months, and if restoration of Mr. EBERLE’S full ability to work cannot be expected within 12 months after commencement of his inability to work. 

  

	7.3	The right to terminate this Agreement for cause with immediate effect shall remain unaffected. 

  

	7.4	To become legally valid such Notice of Termination shall be resolved on by the Meeting of Shareholders, and confirmed in writing. 

  

	7.5	After notice has been given to terminate this Agreement, Sengewald Klinikprodukte GmbH may release Mr. EBERLE from rendering services as required by this Agreement. In such a
case the following rules shall apply: 

  

	 	a)	Sengewald Klinikprodukte GmbH shall continue to pay Mr. EBERLE the payments and benefits under no. 2 until expiry of this Employment Agreement; and 

  

	 	b)	Mr. EBERLE shall return his company car (cf. no. 2.5) to Sengewald Klinikprodukte GmbH within one month after Sengewald Klinikprodukte GmbH has made use of their right to
release Mr. EBERLE from work. 

  

	7.6	This Employment Agreement shall expire on the first day of the month in which Mr. EBERLE turns 65, and does not require any special Notice of Termination.

  

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 (initialled) 

	8.	Final Provisions 

  

	8.1	Should any provisions of this Agreement be or become ineffective or invalid, the validity of the other provisions shall remain unaffected. The same shall apply insofar as there are
loopholes in this Agreement. Instead of the invalid or ineffective provision or in order to close the loophole, an adequate and reasonable provision shall apply which comes as closely as legally possible to the regulation that the Contracting
Parties had intended or might have intended if, on conclusion of 

 this Agreement, they had taken that particular point into
consideration. 
  

	8.2	To be legally effective and valid, any modifications of or amendments to this Agreement (including this clause) shall be in writing and confirmed by the Shareholders’ Meeting
of the Sengewald Klinikprodukte GmbH. 

  

	8.3	This Agreement contains all agreements and stipulations made by the Contracting Parties, which refer to this Employment Agreement. All former agreements and stipulations made by Mr.
EBERLE with Sengewald Klinikprodukte GmbH are hereby cancelled. 

  

	8.4	This Agreement shall be governed by the Law of the Federal Republic of Germany. 

  

	8.5	Captions used in this Agreement are irrelevant when constructing or interpreting this Agreement. 

  
 Rohrdorf, this 1st day of July 1995 
  

									
					
	 	 	(signed)	 	 	 	 	 	(signed)
					
	 	 	 Sengewald Klinikprodukte GmbH
 Chairman of the Board of Directors
	 	 	 	 	 	Dieter Eberle

  

 -6- 
 (initialled)Employment Agreement, dated January 23, 2006

 Exhibit 10.18 
  
 EXECUTION COPY 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT is made effective as of December 1, 2005, by and among Pregis Holding I Corporation, a Delaware Corporation (“Pregis
I”), and its wholly owned subsidiaries, Pregis Holding II Corporation, a Delaware corporation (“Pregis II”), and Pregis Corporation, a Delaware corporation (“Pregis”) (Pregis I,
Pregis II and Pregis, collectively, the “Employers” and individually an “Employer”), and Steven C. Huston (“Executive”). 
  
 RECITALS 
  
 WHEREAS, Executive desires to be employed by Employers; and 
  
 WHEREAS, Employers desire to employ the Executive and to utilize his
management services as indicated herein, and Executive has agreed to provide such management services to Employers; and 
  
 WHEREAS, as a condition precedent and a material inducement for Employers to employ and pay Executive, Executive has agreed to execute this Agreement and
the Noncompetition Agreement, dated as of December 1, 2005, between Pregis I and Executive (the “Noncompetition Agreement”), and be bound by the provisions herein and therein. 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties hereto agree as follows: 
  
 PROVISIONS

  
 1. Term and Duties. Employers hereby agree to
employ Executive as Vice President, Secretary and General Counsel, commencing on December 1, 2005 (the “Start Date”) and continuing for a period of three (3) years (the “Initial Term”) or
until terminated in accordance with this Section 1 or Section 4. Unless terminated by either Executive or Employers by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, Executive’s
employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a “Subsequent Term” and, together with the Initial Term, the “Term”) until
terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term. Subject to the provisions of this Agreement, during the Term, Executive shall devote his best efforts and abilities to the
performance of Executive’s duties on behalf of Employers, and to the promotion of their interests consistent with and subject to the direction and control of the Board of Directors of each Employer (the “Board”).
Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of 

 
the business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. 
  
 2. Compensation During Term. 
  
 (a) Base Compensation. In consideration of the
services to be rendered by Executive during the Term, Employers shall pay to Executive as base salary $225,000 per year (“Base Compensation”), payable bi-weekly and prorated for any partial employment period. 
  
 (b) Bonus. Subject to the limitations set forth in
this Agreement, commencing with the fiscal year beginning January 1, 2006, Executive shall be entitled to receive an annual incentive bonus (the “Incentive Bonus”) based upon the achievement of one or more performance
goals as determined by the Board in its sole discretion. 
  
 3.
Benefits. 
  
 (a) Executive shall be
eligible to participate in such benefit programs offered by each Employer (other than bonus plans), such as health, dental, life insurance, vision, vacations and pension, as are offered to similarly-situated employees (except in the case of
equity-based incentive plans where awards are subject to Board (or committee thereof) approval) and in each case no more favorable than the terms of benefits generally available to the employees of Employers (based on seniority and salary level),
subject in each case to the generally applicable terms and conditions of the plan, benefit or program in question. 
  
 (b) Employers shall reimburse Executive for all reasonable expenses incurred by him in the course of performing his duties under this
Agreement which are consistent with the Employers’ policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Employers’ requirements with respect to reporting, documentation and
approval of such expenses. 
  
 4. Termination.
Executive’s employment shall terminate upon the first to occur of the following (each, a “Termination Date”): 
  
 (a) The expiration of the Term; 
  
 (b) Executive’s death or disability (mentally, physically or emotionally), so that Executive cannot substantially perform his duties
hereunder for a period of ninety (90) consecutive days or for one hundred eighty (180) days during any 365 day period during the Term; 
  
 (c) Executive’s voluntary termination of his employment for any reason, upon not less than ten (10) business days’ written
notice to Employers; or 
  

 2 

 (d) Employers’ termination of Executive’s employment for Cause (as hereinafter
defined). 
  
 5. Termination Payments. 
  
 (a) Except as otherwise provided herein, if Executive’s
employment is terminated pursuant to Section 1 by thirty (30) days’ prior written notice or pursuant to Section 4, Executive’s Base Compensation and other benefits, if any, shall terminate at the end of the month during
which such termination occurs. 
  
 (b) Upon
termination of Executive’s employment without Cause, Employers shall be obligated, in lieu of any other remedies available to Executive, to pay Executive (A) an amount equal to his then current Base Compensation (the
“Termination Payment”); (B) (i) if the Termination Date occurs during the months of January-June of the fiscal year, a pro rata Incentive Bonus for the fiscal year in which the termination occurs (the
“Target Pro Rata Incentive Payment”), based on Executive’s target Incentive Bonus for such fiscal year; or (ii) if the Termination Date occurs during the months of July-December of the fiscal year, a pro rata
Incentive Bonus for the fiscal year in which the termination occurs (the “Actual Pro Rata Incentive Payment”), based on Employers’ actual performance through the end of such fiscal year; and (C) all accrued but
unpaid amounts payable to Executive under this Agreement and under any employee benefit plan (the “Accrued Payment”). The Target Pro Rata Incentive Payment and the Actual Pro Rata Incentive Payment shall, in each case, be
determined based on the number of days elapsed from the beginning of the fiscal year in which the termination occurs through and including the Termination Date. For purposes of clarity, Executive will be eligible to receive only one Termination
Payment, one Accrued Payment and either one Target Pro Rata Incentive Payment or one Actual Pro Rata Incentive Payment (depending on when the Termination Date occurs) from Employers under this Section 5(b). Employers’ obligation to make
the Termination Payment and either the Target Pro Rata Incentive Payment or Actual Pro Rata Incentive Payment shall be conditioned upon: (i) Executive’s continued compliance with his obligations under the Noncompetition Agreement; and
(ii) Executive’s execution, delivery and non-revocation of a valid and enforceable general release of claims in a form reasonably acceptable to Employers (the “Release”). In the event that Executive breaches any of
the covenants set forth in the Noncompetition Agreement, Executive shall immediately return to Employers any portion of the Termination Payment and either the Target Pro Rata Incentive Payment or Actual Pro Rata Incentive Payment that have been paid
to Executive pursuant to this Section 5(b). Subject to this Section 5(b) and Section 5(e), the Termination Payment and the Target Pro Rata Incentive Payment, if applicable, shall be paid in installments on Employers’ regular
payroll dates occurring during the twelve (12) month period immediately following the effectiveness of the Release. Subject to Section 5(e), the Actual Pro Rata Incentive Payment, if applicable, shall be paid at the time Employers
ordinarily pay incentive bonuses to its executives with respect to the fiscal year in which 

  

 3 

 
the termination occurs. Subject to Section 5(e), the Accrued Payment shall be paid within thirty (30) days following the Termination Date.

  
 (c) In the event of a termination of
Executive’s employment pursuant to Section 4(b) as a result of his death or disability, Employers shall pay to Executive, his estate or legal representative, as the case may be, all amounts accrued to the date of termination and payable to
Executive hereunder and under any other bonus, incentive or other plan. 
  
 (d) Any termination of the Term shall not adversely affect or alter Executive’s rights under any employee benefit plan of any Employer in which Executive, at the date of termination, has a vested interest, unless
otherwise provided in such employee benefit plan or any agreement or other instrument attendant thereto. 
  
 (e) If Executive is a “specified employee” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended,
any payments required to be made pursuant to this Section 5 which are subject to Section 409A shall not commence until six months from the Termination Date, with the first payment to be equal to the aggregate amount that would have been
paid to Executive under Section 5 during the first six months immediately following the Termination Date had this Section 5(e) not been applicable. 
  
 6. Definitions. “Cause” as used herein shall mean Executive’s: (i) commission of an act which constitutes common
law fraud, embezzlement (other than occasional, customary and de minimis use of Employers’ property for personal purposes) or a felony, an act of moral turpitude, or of any tortious or unlawful act causing material harm to any Employer’s
business, standing or reputation; (ii) gross negligence on the part of Executive in the performance of his duties hereunder; (iii) breach of his duty of loyalty or care to any Employer; (iv) other misconduct that is materially
detrimental to any Employer; (v) ongoing refusal or failure to perform Executive’s duties or the deliberate and consistent refusal to conform to or follow any reasonable policy adopted by the Board, in each case after receiving written
notice describing his noncompliance and being given a five (5) business days opportunity to cure (to the extent curable) such non-compliance; or (vi) material breach by Executive of this Agreement, the Noncompetition Agreement or any other
agreement with or for the benefit of Employers to which Executive is a party or by which Executive is bound, which is not cured (to the extent curable) within five (5) business days following written notice from Employers. 
  
 7. Consideration. Executive acknowledges and agrees that the
consideration set forth in the recitals to this Agreement and the rights and benefits hereunder are all and singularly valuable consideration which are sufficient for any or all of Executive’s covenants set forth herein or in the Noncompetition
Agreement. 
  

 4 

 8. No Prior Agreements. Executive represents and warrants that his performance of all the terms of
this Agreement does not and shall not breach any fiduciary or other duty or any covenant, agreement or understanding (including, without limitation, any agreement relating to any proprietary information, knowledge or data acquired in confidence,
trust or otherwise) to which he is a party or by the terms of which he may be bound. Executive further covenants and agrees not to enter into any agreement or understanding, either written or oral, in conflict with the provisions of this Agreement.

  
 9. Miscellaneous. 
  
 (a) Notices. All notices, requests, consents and
demands by the parties hereto shall be delivered by hand, by confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States mail, postage prepaid, by registered or certified mail, return receipt
requested, addressed to the party to be notified at the addresses set forth below: 
  
 if to Executive: 
  
 Steven C.
Huston 
 2209 W. Erie Street 
 Chicago, IL 60612 
  
 if to Employers: 
  
 c/o AEA Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York,
NY 10022 
 Attn: Sanford Krieger 
  
 with copy to: 
  
 Fried, Frank, Harris, Shriver & Jacobson LLP 
 One New York Plaza 
 New York, NY 10004-1980 
 Attn: Christopher Ewan 
  
 Notices shall be
effective immediately upon personal delivery or facsimile transmission, one (1) business day after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given
on the date of receipt. Any party hereto may change the address specified herein by written notice to the other parties hereto. 
  

 5 

 10. Entire Agreement. This Agreement cancels and supersedes any and all prior agreements and
understandings between the parties hereto with respect to the obligations of Executive, whether oral or written. Executive hereby agrees that, as of the date hereof, this Agreement shall take effect and no further obligations of any kind whatsoever
shall be owed by Employers. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modifications or waiver of any provision hereof shall be effective unless in writing and signed by
each Employer and Executive. 
  
 11. Binding Effect. All of
the terms and provisions of this Agreement shall be binding upon the parties hereto and its or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable by each Employer and
its successors and assigns, except that the duties and responsibilities of Executive hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 12. Severability. In the event that any provision of this Agreement or application thereof to anyone or under any
circumstance is found to be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given effect without the
invalid or unenforceable provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 13. Remedies; Waiver. No remedy conferred upon any Employer by this Agreement is intended to be exclusive of any other remedy, and each and every
such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or omission by any Employer in exercising any right, remedy or power hereunder or existing at law
or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from time to time and as often as may be deemed expedient or necessary by such party in its sole discretion.

  
 14. Counterparts. This Agreement may be executed in
several counterparts, each of which is an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts.

  
 15. Governing Law. The validity, interpretation,
construction, performance and enforcement of this Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  

 6 

 16. Headings. The captions and headings contained in this Agreement are for convenience only and
shall not be construed as a part of the Agreement. 
  
 [signature
page follows] 
  

 7 

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

			
	 EMPLOYERS:
  
 PREGIS HOLDING I CORPORATION

		
	 By:
	 	 /s/ Thomas J. Pryma

	 	 	 Name: Thomas J. Pryma

	 	 	 Title:   President

	
	 PREGIS HOLDING II CORPORATION

		
	 By:
	 	 /s/ Thomas J. Pryma

	 	 	 Name: Thomas J. Pryma

	 	 	 Title:   President

	
	 PREGIS CORPORATION

		
	 By:
	 	 /s/ Thomas J. Pryma

	 	 	 Name: Thomas J. Pryma

	 	 	 Title:   President

	
	 EXECUTIVE:

	
	 /s/ Steven C. Huston

	 Name: Steven C. Huston

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