Document:

Amendment No. 1 to the Third Amended and Restated Employment Agreement

 Exhibit 10.3 
 FIRST AMENDMENT TO 
 THIRD AMENDED AND RESTATED
EMPLOYMENT AGREEMENT 
 THIS FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED EMPLOYMENT
AGREEMENT (the “Amendment”) is entered into as of the 16th day of December, 2009, by and between Jarden Corporation, a Delaware corporation (the “Company”) and Ian G.H. Ashken (“Executive”). 
 WHEREAS, the Company and the Executive are parties to a Third Amended and Restated Employment Agreement dated as of May 24, 2007
(the “Employment Agreement”); and 
 WHEREAS, the term of the Employment Agreement expires on
December 31, 2009, and the Company and the Executive desire to extend the term of the Employment Agreement and amend certain terms and provisions of the Employment Agreement as set forth herein. 
 NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as
follows: 
 1. Defined Terms; Section References. Any capitalized term used but not defined herein shall have the meaning
given thereto in the Employment Agreement. All section references herein refer to the applicable section of the Employment Agreement. 
 2. Amendments to Employment Agreement. 
  

	 	a.	Section 1 of the Employment Agreement is hereby amended by amending and restating the first sentence thereof in its entirety as follows:

 “Upon the terms and subject to the conditions of this Agreement, the Company hereby continues to employ
Executive as Vice Chairman and Chief Financial Officer of the Company through December 31, 2012, and Executive hereby agrees to such employment, upon the terms and subject to the conditions set forth in this Agreement.” 
  

	 	b.	Section 3(b) of the Employment Agreement is hereby amended by deleting the words “110% of the Company’s earnings per share target” in clause
(i) of the third sentence thereof and inserting in their place the following: 

 “earnings per share
equal to the performance target set by the Compensation Committee for payment of maximum bonus to the Company’s employees generally”, 
  

	 	c.	Section 3(c) of the Employment Agreement is hereby amended by (i) deleting all references to “May” in such section and replacing each such
reference with “January” and (ii) adding the following immediately prior to the second paragraph thereof: 

 “In addition, the Executive shall be entitled to receive the following grant of Restricted Stock with respect to the final year of the Employment Period on the grant date indicated, provided the Executive is employed on the specified
grant date: 
  

						
	 Grant
	  	 Date
	  	Maximum Target Stock Price
Appreciation (%) over Closing Price on
Last
Trading Day of Prior Year	 
	 135,000
	  	January 1, 2012	  	12	%” 

 3. Effect on Employment Agreement. Except as expressly amended by this Amendment, the
Employment Agreement shall remain in full force and effect. 
 4. Governing Law. This Amendment shall be governed by, and
construed in accordance with the laws of the state of New York applicable to contracts executed, and to be fully performed, in such state. 
 5. Counterparts. This Amendment may be executed in any number of counterparts and via facsimile, but all such counterparts will together constitute one and the same agreement. 
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 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment Agreement
as of the day and year first written above. 
  

			
	JARDEN CORPORATION
	
	 /s/ Martin E. Franklin

	Name: Martin E. Franklin
	Title: Chairman and Chief Executive Officer
	
	 /s/ Ian G.H. Ashken

	 Ian G.H. AshkenAmendment No. 1 to the Second Amended and Restated Employment Agreement

 Exhibit 10.4 
 FIRST AMENDMENT TO 
 SECOND AMENDED AND RESTATED
EMPLOYMENT AGREEMENT 
 THIS FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the
“Amendment”) is entered into as of the 16th day of December, 2009, by and between Jarden Corporation, a Delaware corporation (the “Company”) and James E. Lillie (“Employee”). 
 WHEREAS, the Company and the Employee are parties to a Second Amended and Restated Employment Agreement dated as of May 24, 2007
(the “Employment Agreement”); and 
 WHEREAS, the Initial Term of the Employment Agreement expires on
December 31, 2009, and the Company and the Employee desire to extend the term of the Employment Agreement and amend certain terms and provisions of the Employment Agreement as set forth herein. 
 NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as
follows: 
 1. Defined Terms; Section References. Any capitalized term used but not defined herein shall have the meaning
given thereto in the Employment Agreement. All section references herein refer to the applicable section of the Employment Agreement. 
 2. Amendments to Employment Agreement. 
  

	 	a.	Section 2 of the Employment Agreement is hereby amended by amending and restating the first sentence thereof in its entirety as follows:

 “The term of this Agreement shall commence on the date hereof and shall end on December 31, 2012 (the
“Initial Term”), subject to earlier termination pursuant to the provisions of Section 10.” 
  

	 	b.	Section 4 of the Employment Agreement is hereby amended as follows: 

 (i) The first sentence thereof is hereby amended and restated in its entirety as follows: 
 “Effective as of January 1, 2010 and during the term of this Agreement, the Company shall pay to the Employee, and the Employee
shall accept from the Company, as compensation for the performance of services under this Agreement and the Employee’s observance and performance of all of the provisions hereof, a salary of $750,000 per year (the “Base
Compensation”).” 
 (ii) In the fifth sentence thereof the words “50% of Base Compensation each year for
achieving the Company’s EBITDA and earnings per share budget and up to 100% of Base Compensation for achieving EBITDA 10% higher than budget and EPS 10% higher than budget” are hereby deleted and in their place the following shall be
inserted: 
 “50% of Base Compensation in each year if the Company achieves the Company’s budgeted earnings per share
target for such year as approved by the Board of Directors and up to 100% of Base Compensation in each year if the Company achieves earnings per share equal to the performance target set by the Compensation Committee for payment of maximum bonus to
the Company’s employees generally.” 

 (iii) The sixth sentence thereof is hereby deleted in its entirety. 
 (iv) The last sentence of the second paragraph thereof is hereby amended and restated in its entirety as follows: 
 “During the Initial Term and any Renewal Terms, the Company will reimburse Employee up to $25,000 per year for the cost of premiums for
life insurance for the benefit of the Employee.” 
 (v) All references to “May” in such section are hereby
deleted and replaced with “January.” 
 (vi) The following is hereby added immediately prior to the fourth paragraph
thereof: 
 “In addition, the Employee shall be entitled to receive the following grant of Restricted Stock with respect to
the final year of the Employment Period on the grant date indicated, provided the Employee is employed on the specified grant date: 
  

						
	 Grant
	  	 Date
	  	Maximum Target Stock Price
Appreciation (%) over Closing Price on
Last Trading Day of Prior Year	 
	 65,000
	  	January 1, 2012	  	12	%” 

 3. Effect on Employment Agreement. Except as expressly amended by this
Amendment, the Employment Agreement shall remain in full force and effect. 
 4. Governing Law. This Amendment shall be
governed by, and construed in accordance with the laws of the state of New York applicable to contracts executed, and to be fully performed, in such state. 
 5. Counterparts. This Amendment may be executed in any number of counterparts and via facsimile, but all such counterparts will together constitute one and the same agreement. 
 [the remainder of this page intentionally left blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment Agreement
as of the day and year first written above. 
  

			
	JARDEN CORPORATION
	
	 /s/ Ian G.H. Ashken

	Name: Ian G.H. Ashken
	Title: Vice Chairman and Chief Financial Officer
	
	 /s/ James E. Lillie

	 James E. LillieRestricted Stock Agreement

 Exhibit 10.5 
 JARDEN CORPORATION 
 RESTRICTED STOCK AGREEMENT 

 This RESTRICTED STOCK AGREEMENT, dated as of the 15th day of December, 2009 (the “Agreement”), by and
between Jarden Corporation, a Delaware corporation (the “Corporation”), and Martin E. Franklin (the “Restricted Stockholder”). Capitalized terms not defined herein shall have the meanings assigned to them in the
Corporation’s 2009 Stock Incentive Plan. 
 W I T N E S S E T H : 
 WHEREAS, the Restricted Stockholder is an employee of the Corporation; 
 WHEREAS, the Corporation has heretofore adopted the Jarden Corporation 2009 Stock Incentive Plan (the “Stock Incentive
Plan”) for the benefit of certain employees, officers, directors, consultants, independent contractors and advisors of the Corporation or any parent, Affiliate or Subsidiary of the Corporation, which Stock Incentive Plan has been approved
by the Corporation’s stockholders; and 
 WHEREAS, after consideration and consultation with the Corporation’s outside
advisors and consultants the Committee has sought to devise a compensation framework to (i) secure the future services of the Restricted Stockholder and encourage the Restricted Stockholder’s long-term performance for the Corporation and
its stockholders, (ii) align the Restricted Stockholder’s long-term interests with those of the Corporation’s stockholders, (iii) motivate the Restricted Stockholder to focus on creating stockholder value and maximizing the
growth in the Corporation’s stock price over time, (iv) create a pay-for-performance, ownership culture that encourages long-term performance by the Corporation’s executive officers, and (v) maintain overall compensation within
the guidelines established by the Committee in consultation with its outside consultants and past practices; and 
 WHEREAS, in
recognition of the unique nature of the Corporation’s business strategy, entrepreneurial spirit and compensation objectives, the Committee has determined that it can best achieve the objectives set out by the Committee by promoting share
ownership by the Restricted Stockholder through a grant of shares of common stock (the “Common Stock”), par value $.01 per share, of the Corporation to the Restricted Stockholder and requiring the Restricted Stockholder to hold such
Common Stock long-term; and 
 WHEREAS, the parties hereto desire to enter into this Agreement on the terms hereinafter set
forth. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement, the Corporation
and the Restricted Stockholder hereby agree as follows: 
 1. Granting of Shares. Pursuant to the provisions of
the Stock Incentive Plan, the Corporation hereby agrees to grant to the Restricted Stockholder, effective as of the date hereof (the “Date of Grant”), 330,000 restricted shares of Common Stock (the “Shares”),
subject to all of the terms and conditions of this Agreement. 

 2. Vesting. Subject to the terms and conditions of this Agreement, the Shares
shall be immediately vested, and shall not be subject to restrictions, as of the date hereof, except as set forth in Section 3 below. It is the intent and expectation of the Committee that the holding period set forth below will reflect the
goals set forth above and further the compensation objectives outlined by the Committee. 
 3. Restrictions on
Transfer. 
 (a) In exchange for the Shares granted hereunder, the Restricted Stockholder agrees that, notwithstanding
anything to the contrary in this Agreement, until December 31, 2012, the Restricted Stockholder will not, without the prior written consent of the Corporation, offer, sell, transfer, contract to sell, or otherwise dispose of (or enter into any
transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the Restricted Stockholder or any person in
privity with the Restricted Stockholder), directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and the rules and regulations of the Securities and Exchange Commission promulgated thereunder, with respect to any of the Shares, or publicly announce an intention to effect any such transaction,
except as permitted by paragraphs (b), (c) and/or (d) below. 
 (b) The restrictions on transfer of the Shares in
paragraph (a) above shall not apply to the transfer of any shares either during the Restricted Stockholder’s lifetime or by gift, will or intestate succession, to an immediate family of the Restricted Stockholder or to transfers to a trust
the beneficiaries of which are exclusively the Restricted Stockholder and/or a member or members of the Restricted Stockholder’s immediate family; provided, however, that in any transfer pursuant to this clause it shall be a condition to
such transfer that (i) the transferee executes and delivers to the Corporation an agreement in form satisfactory to the Corporation in its sole discretion stating that the transferee is receiving and holding the Shares subject to the provisions
of this Agreement, and there shall be no further transfer of such Shares except in accordance with this Agreement, (ii) no filing by any party (donor, donee, transferor or transferee) under the Exchange Act, shall be required or shall be
voluntarily made in connection with such transfer or distribution (other than a filing on a Form 5, Schedule 13D or Schedule 13G (or 13D-A or 13G-A) made after the expiration period referred to in paragraph (a) above)
and (iii) each party (donor, donee, transferor or transferee) shall not be required by law (including without limitation the disclosure requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the
Exchange Act) to make, and shall agree not to make voluntarily, any public announcement of the transfer or disposition. 
  

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 (c) The Restricted Stockholder further agrees that any subsequent resale or distribution of
the Shares by the Restricted Stockholder shall be made only in accordance with the Securities Act, the Exchange Act, and any other applicable law. 
 (d) The restrictions on transfer of the Shares in paragraph (a) of this Section 3 shall lapse upon the first to occur of (i) a termination of the Restricted Stockholder’s employment
with the Corporation due to a “Termination Without Cause” or “Non-Renewal” (as such terms are defined in the Third Amended and Restated Employment Agreement, dated as of May 24, 2007, by and between the Restricted
Stockholder and the Corporation (as amended, the “Employment Agreement”)), (ii) a termination due to Restricted Stockholder’s employment on account of the Restricted Stockholder’s death or Disability (as defined in
the Employment Agreement), or (iii) a Change of Control of the Corporation (as defined in the Employment Agreement). 
 4.
No Right to Continued Employment. Nothing in this Agreement shall confer upon the Restricted Stockholder any right with respect to continuance of employment by the Corporation, nor shall it interfere in any way with the right of
Corporation to terminate the Restricted Stockholder’s employment at any time. This Agreement does not constitute an employment contract.  
 5. Restricted Stockholder Bound by Stock Incentive Plan. The Restricted Stockholder hereby acknowledges receipt of a copy of the Stock Incentive Plan and agrees to be bound by all the terms
and provisions thereof. In the event of any conflict between the provisions of this Agreement and the provisions of the Stock Incentive Plan, the provisions of this Agreement shall control. The Restricted Stockholder agrees to accept as binding,
conclusive, and final all decisions or interpretations of the Committee upon any questions arising under the Stock Incentive Plan. 
 6. Withholding Taxes. The Shares will be subject to any federal, state, or local taxes of any kind required by law. By accepting the Shares, the Restricted Stockholder agrees to promptly satisfy federal, state and local
withholding requirements, when and if applicable, for such Shares by making a cash payment to the Corporation equal to the required withholding amount or by electing to have the Corporation withhold from the Shares that number of shares having a
Fair Market Value (as defined in the Stock Incentive Plan) equal to the minimum amount required to be withheld (or such greater withholding amount as the Compensation Committee of the Board of Directors may approve), determined on the date that the
amount of tax to be withheld is to be determined. 
 7. Notices. Any notice required to be given or delivered to
the Corporation under the terms of this Agreement shall be in writing and addressed to the Corporate Secretary of the Corporation at its principal corporate offices at 555 Theodore Fremd Avenue, Suite B-302, Rye, New York 10580. Any notice required
to be given or delivered to the Restricted Stockholder shall be in writing and addressed to the Restricted Stockholder at the address set forth on the signature page hereto or to such other address as such party may designate in writing from time to
time to the Corporation. All notices shall be deemed to have been given or delivered upon: personal delivery; three (3) days after deposit in the United States mail by certified or registered mail (return receipt

  

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requested); one (1) business day after deposit with any return receipt express courier (prepaid); or one (1) business day after transmission by facsimile. 
 8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware,
applicable to agreements made and to be performed entirely within such state, other than conflict of laws principles thereof directing the application of any law other than that of Delaware. 
 9. Assignment. Neither this Agreement nor any of the rights or obligations hereunder shall be assigned or delegated by any
party hereto without the prior written consent of the other party. 
 10. Counterparts. This Agreement may be
executed in counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. 
 [signature page follows] 
  

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 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be
executed by a duly authorized officer and the Restricted Stockholder has executed this Agreement as of the date first set forth above. 
  

					
	JARDEN CORPORATION
		
	By:	 	 /s/ Ian G.H. Ashken

		 	Name:	 	Ian G.H. Ashken
		 	Title:	 	Vice Chairman and Chief Financial Officer
	
	RESTRICTED STOCKHOLDER
		
		 	 /s/ Martin E. Franklin

		 	Name:	 	Martin E. Franklin
		
		 	Address:

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