Document:

Second Amended and Restated Consolidated Container Holdings LLC 1999 Unit Option

 Exhibit 10.10(a) 
  
 SECOND AMENDED AND RESTATED 
 CONSOLIDATED CONTAINER HOLDINGS LLC 
 1999 UNIT OPTION PLAN 
  
 This Second Amended and Restated Consolidated Container Holdings LLC 1999
Unit Option Plan (the “Plan”), adopted by the Management Committee of Consolidated Container Holdings LLC (the “Company”) in part on July 20, 2004, and in part on February 11, 2005, shall amend and restate, in its entirety, the
Amended and Restated Consolidated Container Holdings LLC 1999 Unit Option Plan adopted by the Management Committee of the Company as of April 29, 2003 (the “Amended Plan”) 
  
 1. Purpose of the Plan. This Plan shall be known as the Consolidated Container Holdings LLC 1999 Unit Option Plan.
The purposes of the Plan are (i) to attract and retain the best available personnel for positions of substantial responsibility and (ii) to provide incentives to such personnel to promote the success of the business of Consolidated Container
Holdings LLC and its subsidiaries. 
  
 2. Definitions. As
used herein, the following definitions shall apply: 
  
 “Amended Plan” means the Amended and Restated Consolidated Container Holdings LLC 1999 Unit Option Plan adopted by the Management Committee of the Company as of April 29, 2003 
  
 “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
  
 “Committee” means the committee described in Section 17 that administers the Plan. 
  
 “Company” means Consolidated Container Holdings LLC, a Delaware limited liability company. 
  
 “Consultant” means any individual who
renders services to the Company or any of its Subsidiaries as a consultant or other type of independent contractor. 
  
 “Date of Grant” means the date on which an Option is granted pursuant to this Plan or, if the Committee so determines,
the date specified by the Committee as the date the award is to be effective. 
  
 “Employee” means any officer or other key employee of the Company or one of its Subsidiaries. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Fair Market Value” means, with respect to a
Unit, the fair market value of such Unit as determined by the Committee, in its sole discretion. In making such determination, the Committee may, but shall not be obligated to, commission and rely upon an independent appraisal of Units. 

 
 “Initial Plan” means the Consolidated
Container Holdings LLC 1999 Unit Option Plan effective as of July 1, 1999. 
  
 “LLC Agreement” means that certain Amended and Restated Limited Liability Company Agreement of the Company, dated as of May 20, 2004, by and among Franklin Plastics, Inc., Franklin Holdings, Inc.,
Reid Plastics Holdings, Inc., Vestar Packaging LLC, Vestar CCH LLC, Vestar CCH Preferred LLC and other parties, as such agreement may be amended from time to time. 

 “Option” means an option to purchase Units granted pursuant to Section 6 of this
Plan. 
  
 “Optionee” means any Employee who
receives an Option. 
  
 “Participant” means any
Employee or Consultant who receives an Option pursuant to this Plan. 
  
 “Plan” means the Second Amended and Restated Consolidated Container Holdings LLC 1999 Unit Option Plan, as amended from time to time. 
  

“Redemption Agreement” means a Special Unit Acquisition, Ownership and Redemption Agreement, the form of which is attached hereto as
Exhibit A. 
  
 “Rule 16b-3” means Rule
16b-3 of the rules and regulations under the Exchange Act, as Rule 16b-3 may be amended from time to time, and any successor provisions to Rule 16b-3 under the Exchange Act. 
  
 “Subsidiary” means any now existing or hereinafter organized or acquired entity of which more than fifty
percent (50%) of the ownership interests therein are owned or controlled directly or indirectly by the Company or through one or more Subsidiaries of the Company. 
  
 “Unit” means an interest of a member of the Company, as such term is defined in the LLC Agreement.

  
 3. Term of Plan. The Management Committee of the
Company adopted the Initial Plan effective as of July 1, 1999. The Management Committee adopted amendments to the Initial Plan effective as of April 23, 2002, and February 11, 2003. The Management Committee adopted the Amended Plan to amend and
restate the Initial Plan in its entirety, effective as of April 29, 2003. The Management Committee adopted this Plan to amend and restate the Amended Plan in its entirety to incorporate amendments adopted as of July 20, 2004, and February 11, 2005.
The Plan shall continue in effect until terminated pursuant to Section 15. The Management Committee of the Company adopted the foregoing amendments and this Plan to reflect changes in the number of Units subject to the Plan, as reflected in
paragraph 4 below. 
  
 4. Units Subject to the Plan. Except
as otherwise provided in Section 16 hereof, the aggregate number of Units issuable upon the exercise of Options pursuant to this Plan shall be 27,690,000. If an Option should expire or become unexercisable for any reason without having been
exercised in full, then the Units that were subject thereto shall, unless the Plan shall have terminated, become immediately available for the grant of additional Options under this Plan, subject to the limitations and adjustments set forth above.
In addition, for purposes of calculating the aggregate number of Units that may be issued under this Plan, only the net Units issued (including the Units, if any, withheld for tax withholding requirements) shall be counted when Units are used as
full or partial payment for Units issued upon exercise of an Option. Units tendered by a Participant as payment for Units issued upon such exercise shall be available for reissuance under the Plan. 
  

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 5. Eligibility. Options may be granted under Section 6 of the Plan to such Employees or
Consultants as the Committee may determine. Subject to the limitations and qualifications set forth in this Plan, the Committee shall also determine the number of Options to be granted, the number of Units subject to each Option grant, the exercise
price or prices of Units subject to each Option, the vesting and exercise period of each Option, whether an Option may be exercised as to less than all of the Units subject thereto, and such other terms and conditions of each Option as are
consistent with the provisions of this Plan. 
  
 6. Grant of
Options. The Committee shall determine the number of Units to be offered from time to time pursuant to Options granted hereunder and shall grant Options under the Plan. The grant of Options shall be evidenced by Option agreements containing such
terms and provisions as are approved by the Committee and executed on behalf of the Company by an appropriate officer. 
  
 7. Time of Grant of Options. The date of grant of an Option under the Plan shall be the date on which the Committee awards the Option or, if the
Committee so determines, the date specified by the Committee as the date the award is to be effective. Notice of the grant shall be given to each Participant to whom an Option is granted promptly after the date of such grant. 
  
 8. Price. The Committee shall determine, at the Date of Grant, the
exercise price for each Unit subject to an Option (the “Exercise Price”) granted pursuant to Section 6 of the Plan. 
  
 9. Vesting. Each Option award under the Plan shall vest or be subject to forfeiture in accordance with the provisions set forth in the applicable
Option agreement. The Committee may, but shall not be required to, permit acceleration of vesting or termination of forfeiture provisions upon any sale of the Company or similar transaction. 
  
 10. Exercise. A Participant may pay the Exercise Price of the Units as
to which an Option is being exercised by the delivery of (a) cash, (b) check or (c) at the Committee’s option, any other consideration that the Committee determines is consistent with the Plan’s purpose and applicable law. 
  
 11. Withholding of Taxes. The Committee shall make such provisions and
take such steps as it may deem necessary or appropriate for the withholding of any taxes that the Company is required by any law or regulation of any governmental authority to withhold in connection with any Option including, but not limited to,
requiring the Optionee to pay to the Company, in cash, an amount sufficient to cover the Company’s withholding obligations. 
  
 12. Conditions Upon Issuance of Units. 
  
 (a) The Company shall not be obligated to sell or issue any Units upon the exercise of any Option granted under the Plan unless the issuance and delivery
of Units comply with all provisions of applicable federal and state securities laws. 
  
 (b) As a condition to the exercise of an Option, the Company may require the person exercising the Option to make such representations and warranties as may be necessary to assure the availability of an exemption from
the registration requirements of applicable federal and state securities laws. 
  
 (c) The Company shall not be liable for refusing to sell or issue any Units covered by any Option if the Company cannot obtain authority from the appropriate regulatory bodies deemed by the Company to be necessary to
sell or issue such Units in compliance with all applicable federal and state securities laws. In addition, the Company shall have no obligation to any Participant, express or implied, to list, register or otherwise qualify the Units covered by any
Option. 
  

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 (d) No Participant will be, or will be deemed to be, a holder of any Units subject to an Option unless
and until such Participant has exercised his or her Option and paid the purchase price for the subject Units. 
  
 13. Restrictions on Transfer. 
  
 (a) Options issued pursuant to the Plan shall be nontransferable except by will or the laws of descent and distribution, and may only be exercisable
during the Participant’s lifetime only by the Participant. 
  
 (b) Subject to Sections 11.5 and 11.6 of the LLC Agreement, and notwithstanding any provision of the LLC Agreement (except for Section 11.2 of the LLC Agreement), Units issued pursuant to the Plan shall be nontransferable except by will or
the laws of descent and distribution. 
  
 14. Company Purchase
Option. No Units shall be issued with respect to the exercise of any Option unless the Optionee has executed and delivered to the Company a Redemption Agreement and become a party to the LLC Agreement. 
  
 15. Modification of Plan and Options. 
  
 (a) The Committee or the Company may from time to time and at any time
alter, amend, suspend, discontinue or terminate this Plan. 
  
 (b)
At any time and from time to time, the Committee may execute an instrument providing for modification, extension or renewal of any outstanding Option, provided that no such modification, extension or renewal shall impair the Option without the
consent of the holder of the Option. 
  
 16. Effect of Change
in Units Subject to the Plan. In the event that each of the Units shall be changed into or exchanged for a different number or kind of equity interest of the Company or of another entity (whether by reason of merger, consolidation,
recapitalization, reclassification, split-up, combination or otherwise), or in the event a Unit split or a dividend (other than a dividend paid in respect of federal, state or other taxes) payment occurs, then the Committee may take any action it
deems advisable, including without limitation, deciding to (a) substitute for each Unit then subject to Options or available for Options the number and kind of units or shares of interest into which each outstanding Unit shall be so changed or
exchanged, or the number of Units as is equitably required in the event of a Unit split, together with an appropriate adjustment of the Exercise Price, or (b) cancel all such Options as of the effective date of any merger, consolidation,
recapitalization, reclassification, split-up or combination by giving written notice to each holder thereof or his personal representatives of its intention to do so and (i) by permitting the exercise of all such Options, without regard to
determinations of periods or installments of exercisability during the fifteen (15) day period immediately preceding such effective date or (ii) making a cash payment equal to the excess of the Fair Market Value over the Exercise Price, multiplied
by the number of Units subject to all such Options. 
  
 17.
Administration. A committee appointed by the Company (the “Committee”) shall administer the Plan. Option agreements, in the form as approved by the Committee, and containing such terms and conditions consistent with the
provisions of this Plan as are determined by the Committee, may 

  

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be executed on behalf of the Company by any person designated by the Committee. The Committee shall have complete authority to construe, interpret and
administer the provisions of this Plan and the provisions of the Option agreements granted hereunder; to prescribe, amend and rescind rules and regulations pertaining to this Plan; to suspend, discontinue or terminate this Plan; and to make all
other determinations necessary or deemed advisable in the administration of the Plan. The determinations, interpretations and constructions made by the Committee shall be final and conclusive. No member of the Committee shall be liable for any
action taken, or failed to be taken, made in good faith relating to the Plan or any award thereunder, and the members of the Committee shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or
expense (including attorneys’ fees) arising therefrom to the fullest extent permitted by law. 
  
 18. Continued Employment Not Presumed. Nothing in this Plan or any document describing it nor the grant of any Option shall give any Participant
the right to continue in the employment of the Company or affect the right of the Company to terminate the employment of any such person with or without cause. 
  

19. Governing Law. THE PLAN SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAWS OF THE STATE
OF DELAWARE APPLICABLE TO CONTRACTS ENTERED INTO AND TO BE PERFORMED IN THE STATE OF DELAWARE. 
  
 20. Severability of Provisions. If any provision of this Plan is determined to be invalid, illegal or unenforceable, such invalidity, illegality or
unenforceability shall not affect the remaining provisions of the Plan, but such invalid, illegal or unenforceable provision shall be fully severable, and the Plan shall be construed and enforced as if such provision had never been inserted herein.

  
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 EXHIBIT A 
 TO 
 AMENDED AND RESTATED 
 CONSOLIDATED CONTAINER HOLDINGS LLC 
 1999 UNIT OPTION PLAN 
  
 THE UNITS DISCUSSED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF CERTAIN STATES AND ARE BEING ISSUED IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND SUCH LAWS. NEITHER THE UNITS NOR ANY INTEREST THEREIN MAY BE
SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER THE ACT AND UNDER ANY APPLICABLE STATE SECURITIES LAWS UNLESS PURSUANT TO EXEMPTIONS THEREFROM. ADDITIONAL RESTRICTIONS ON TRANSFER OF THE UNITS ARE SET FORTH
IN THE LIMITED LIABILITY COMPANY AGREEMENT. THE UNITS HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED
UPON OR ENDORSED THE MERITS OF THE COMPANY. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. 
  
 Special Unit Acquisition, Ownership and Redemption Agreement 
  
 This Special Unit Acquisition, Ownership and Redemption Agreement (this “Agreement”) is entered into as of the date set forth on the
signature page to this Agreement by and between Consolidated Container Holdings LLC, a Delaware limited liability company (the “LLC”), and the individual identified on the signature page to this Agreement (“Service
Provider”). Capitalized terms not otherwise defined herein shall have the meanings accorded to such terms in the Amended and Restated Limited Liability Company Agreement of Consolidated Container Holdings LLC, dated as of May 20, 2004 (the
“LLC Agreement”) or, if not defined in the LLC Agreement, the Plan (defined below). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the LLC was formed pursuant to the Limited Liability Company Agreement of Consolidated Container Holdings LLC dated as of July 1, 1999; 
  
 WHEREAS, Service Provider provides (or will provide) services, as an employee, to the LLC; 
  
 WHEREAS, the LLC desires to sell to Service Provider the interest in
the LLC (the “Units”) pursuant to the exercise of an option held by Service Provider under the Second Amended and Restated Consolidated Container Holdings LLC 1999 Unit Option Plan (the “Plan”), subject to the terms
and conditions of this Agreement; and 
  
 WHEREAS, Service
Provider desires to acquire the Units specified in connection with Service Provider’s exercise of an option under the Plan, subject to the terms and conditions of this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual promises, representations, warranties, covenants and conditions set
forth in this Agreement, the receipt and adequacy of which all the parties to this Agreement acknowledge, the parties mutually agree as follows: 
  

 A-1 

 Grant of Interest 
  

1. Subject to the terms and conditions of this Agreement, the LLC hereby sells to Service Provider as of the Effective Date the Units, including Units
subject to an option (an “Option”), identified as being owned by Service Provider pursuant to the Service Provider’s Option agreement (collectively, the “Interest”). 
  
 Redemption of the Interest 
  
 2. Service Provider hereby agrees and acknowledges that his or her Interest
shall be subject to the following terms and conditions: 
  
 (a)
Termination for Cause. At any time after a Termination for Cause (as hereinafter defined) has occurred, the LLC may purchase the Units for the lesser of (i) Service Provider’s Capital Account with respect to the Units as of the Election
Date (as hereinafter defined) and (ii) the Fair Market Value (as hereinafter defined) of the Units on the Election Date. In addition, all of the Service Provider’s outstanding Options, whether vested or unvested, shall terminate immediately
without payment therefor. 
  
 (b) Termination Other than for
Cause. At any time after a Termination Event (as hereinafter defined) has occurred, the LLC may purchase (i) the Units for a price equal to the Fair Market Value of the Units on the Election Date and (ii) all vested Options whose exercise price
is less than the Fair Market Value of the Units on the Election Date for a price equal to (A) the Fair Market Value of the Units on the Election Date less (B) the exercise price of such Options. In addition, all of the Service Provider’s
outstanding Options that are unvested or whose exercise price is greater than the Fair Market Value of the Units on the Election Date shall terminate without payment therefor. 
  
 (c) Method of Exercise of Redemption Right. The Partnership may make an election pursuant to this Section 2 to
purchase the Interest by delivering written notice of such election to Service Provider. Delivery may be made by courier, regular U.S. mail, overnight delivery, or telecopy, and shall be effective on the date of delivery to Service Provider.

  
 (d) Definitions. The “Election Date”
shall mean the date the LLC elects to purchase all or any portion of the Interest. The “Fair Market Value” of the Interest as of any date (the “Valuation Date”) shall be equal to, prior to a Public Offering, the
fair market value thereof, disregarding any discount for minority interest or marketability of the Interest and assuming the prior conversion, exercise or exchange of all outstanding securities convertible into Units (“Unit
Equivalents”) as determined within six (6) months of the Valuation Date by the Board of Directors in its sole discretion (the “Board Determination”); provided, that if the Board Determination is in excess of $250,000
in the aggregate for all Units being valued and if the Service Provider disagrees, in good faith, with the Board Determination, the Service Provider shall promptly notify the LLC of such disagreement, in which event an independent appraiser,
accountant or investment banking firm (the “Appraiser”) selected by mutual agreement of the Service Provider and the Board of Directors of the LLC shall make a determination of the fair market value thereof, disregarding any
discount for minority interest or marketability of the Interest and assuming the prior conversion, exercise or exchange of all outstanding Unit Equivalents (the “Appraiser Determination”), and if the Appraiser Determination is (i)
not at least 110% of the Board Determination, “Fair Market Value” shall be the Board Determination and the Service Provider shall pay the cost of such Appraiser Determination or (ii) 110% of the Board Determination or greater,
“Fair Market Value” shall be the Appraiser Determination and the LLC shall pay the cost of such Appraiser Determination. Subsequent to an Initial Public Offering (as defined in the LLC Agreement), the term “Fair Market
Value” shall mean the price per share equal to the average of 

  

 A-2 

 
the last sales price of the Class A Common Stock, par value $.01 per share (“Common Stock”), of Reid Plastics Holdings, Inc., or any
successor thereto (the “Company”) on the last thirty trading days prior to the Valuation Date (the “Repurchase Calculation Period”) on each exchange on which the Common Stock may at the time be listed or, if there
shall have been no sales on any of such exchanges during the Repurchase Calculation Period, the average of the closing bid and asked prices on each such exchange on each day during the Repurchase Calculation Period or, if there are no such bid and
asked prices during the Repurchase Calculation Period on the next preceding date when such bid and asked prices occurred or, if the Common Stock shall not be so listed, the average of the closing sales prices as reported by NASDAQ during the
Repurchase Calculation Period in the over-the-counter market. A “Termination for Cause” means a circumstance with respect to which the LLC or any Subsidiary terminates the Service Provider’s employment for
“Cause”, as such term is defined in the Service Provider’s employment agreement or, if no such agreement exists, or such term is not defined in the employment agreement, “Cause” shall mean the following the Service
Provider’s (i) willful and intentional misconduct or gross negligence in the performance of, or willful neglect of, the Service Provider’s duties, which has caused demonstrable and serious injury (monetary or otherwise) to the LLC or (ii)
conviction of, or plea of nolo contendere to, a felony. A “Termination Event” means a circumstance with respect to which Service Provider is no longer an employee of or consultant to the LLC or any Subsidiary for any reason
(other than a Termination for Cause), including, without limitation, voluntary retirement by the Service Provider, termination by the LLC without Cause, termination due to disability or voluntary termination by the Service Provider. 
  
 Cooperation in Effecting Transfer to Partnership 
  
 3. Service Provider acknowledges and agrees that upon the transfer of the
Interest, Service Provider shall promptly execute, perform and deliver any and all documents, forms and agreements requested by the LLC to reflect the assignment, transfer and redemption of the Interest by the Service Provider to the LLC.

  
 Service Provider Representations and Warranties 
  
 4. Service Provider hereby represents and warrants to the LLC as follows:

  
 (a) (i) Service Provider has been furnished prior to the date
hereof a copy of the LLC Agreement or a photocopy counterpart thereof, (ii) the LLC has made available to the Service Provider the opportunity to ask questions of, receive answers and to obtain any additional information necessary to verify the
accuracy of the information set forth in the LLC Agreement and all attachments and amendments thereto, and Service Provider has received all such requested information from the LLC concerning the terms and conditions of the LLC Agreement, and (iii)
Service Provider has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of owning the Interest. 
  
 (b) Service Provider has received no representations or warranties from LLC, any member of the LLC or their employees or
agents, or any other person and, in accepting the Interest, Service Provider is relying solely on the information contained in the LLC Agreement. 
  
 (c) Service Provider recognizes that the potential reward from owning the Interest is speculative and that any obtaining of money pursuant to the Interest
involves a high degree of uncertainty. 
  
 (d) Service Provider
has adequate net worth and means of providing for his current needs and possible personal contingencies, and has no need, and anticipates no need in the foreseeable future, to sell the Interest which he hereby acquires. 
  

 A-3 

 (e) Service Provider acknowledges that it has been advised that the interests in the LLC have not been
registered under the Securities Act of 1933, as amended, or under any state securities law or regulation. 
  
 (f) The Interest which Service Provider hereby accepts will be acquired for his own account for investment and not for the benefit of any other person or
with a view toward resale or redistribution, and Service Provider does not now have any reason to anticipate any change in his circumstances or other particular occasion or event which would cause him to sell his Interest. 
  
 (g) Service Provider acknowledges that there are substantial restrictions on
the transferability of the Interest. Since the Interest is not, will not be, and Service Provider has no right to require that it be, registered under the Securities Act of 1933, as amended, or any other applicable state securities laws, the
Interest may not be, and Service Provider agrees that it shall not be, sold unless such sale is exempt from such registration under the Securities Act of 1933, as amended, and any other applicable state securities laws or regulations and unless the
other requirements set forth in the LLC Agreement are met, and the Service Provider recognizes that the Interest must otherwise be held indefinitely and the Service Provider must continue to bear the economic risk of the investment in the Interest.
Service Provider further acknowledges that the LLC is under no obligation to aid him or her in obtaining any exemption from any registration requirements and that the Interest is completely non-transferable. The Service Provider acknowledges that
there is not an existing public or other market for the Interest and there can be no assurance that he will be able to sell or dispose of his Interest, even if the transfer of such interest is otherwise allowed pursuant to this Agreement or the LLC
Agreement. 
  
 (h) In the event that Service Provider resides in a
jurisdiction which requires any legend to be placed on the LLC Agreement in addition to the legend existing thereon, Service Provider consents to the placement of such legend on such document. 
  
 (i) The Service Provider is competent to and has sufficient capacity to enter
into and perform his obligations under this Agreement. This Agreement has been duly executed and delivered by the Service Provider. Assuming the due execution and delivery hereof by the other parties thereto, this Agreement is enforceable against
the Service Provider in accordance with its terms. 
  
 (j) Service
Provider understands the meaning and legal consequences of the representations and warranties of Service Provider contained in this Section 4. Service Provider further understands that the LLC and its respective members, principals and
officers will rely upon such representations and warranties in connection with their execution and performance of this Agreement. In this connection, Service Provider hereby agrees to indemnify and hold the LLC and their respective principals,
officers, affiliates, employees and agents harmless from and against all losses, claims, damages, expenses or liabilities resulting or arising from the inaccuracy, the incompleteness or a breach by Service Provider of any such representation or
warranty. All representations and warranties of Service Provider contained in this Agreement shall survive the execution of this Agreement. 
  
 (k) Service Provider acknowledges that he will not be deemed to have made any capital contributions to the LLC by virtue of his services to the LLC.

  
 (l) Service Provider acknowledges that, as an entity formed
(for federal income tax purposes) as a partnership, the LLC will not pay federal income taxes, but each member (including Service Provider) of the LLC will be required to report his share (whether or not distributed) of the income, gains, 

  

 A-4 

 
losses, deductions and credits of the character specified in Section 702 of the Internal Revenue Code of 1986, as amended (“Code”). Service
Provider acknowledges that he understands that the LLC may not be able to distribute cash to provide for such taxes. Thus, it is possible that Service Provider as a member of the LLC could incur income tax liabilities attributable to the LLC without
receiving from the LLC sufficient cash distributions with which to pay such tax liabilities. 
  
 (m) In addition to the federal income tax consequences described above, Service Provider acknowledges that certain states in which the LLC may own property will impose an income tax on that portion of an individual
member’s distributive share of LLC net income, as adjusted, attributable to that state in excess of certain allowable pro-rated deductions and/or personal exemptions (or credits). Service Provider acknowledges that both the substantive features
of state and local taxes, income taxes and the filing requirements will vary and that the LLC may also be required to withhold state taxes from distributions to Service Provider in some instances. 
  
 5. Intentionally deleted. 
  
 Covenants of Service Provider 
  
 6. Service Provider hereby acknowledges and agrees that Service Provider, as
the owner of the Interest, has executed a counterpart of the LLC Agreement and therefore is bound by and subject to the terms of the LLC Agreement. Service Provider covenants and agrees to abide by the terms of the LLC Agreement as in effect from
time to time. 
  
 Power of Attorney 
  
 7. Service Provider does hereby irrevocably constitute and appoint the Chief
Financial Officer of the LLC with full power of substitution as his true and lawful agent and attorney-in-fact, in Service Provider’s name and stead to execute, acknowledge, deliver, swear to and/or file the LLC Agreement and all such other
instruments as are described in the LLC Agreement. The power of attorney granted hereby shall be deemed to be coupled with an interest and shall be irrevocable and survive the death, dissolution, disability, bankruptcy or legal incapacity of Service
Provider and shall extend to Service Provider’s heirs, successors and assigns. 
  
 Miscellaneous 
  
 8. The address of
Service Provider for all purposes shall be the address set forth on the signature page of this Agreement or such other address of which the LLC has received written notice. 
  
 9. All article or section titles or captions in this Agreement are for convenience only. They shall not be deemed part of
this Agreement and in no way define, limit, extend or describe the scope or intent of any provisions of this Agreement. 
  
 10. The parties shall execute and deliver all documents, provide all information and take or refrain from taking action as may be necessary or appropriate
to achieve the purpose of this Agreement. 
  

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 11. This Agreement shall be binding upon and inure to the benefit of the parties and their heirs,
executors, administrators, successors, legal representatives and permitted assigns. 
  
 12. This Agreement constitutes the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. 
  
 13. No failure by any party to insist upon the strict performance of any
covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. 
  
 14. This Agreement may be executed in counterparts, all of which together
shall constitute one agreement binding on all the parties, notwithstanding that all the parties are not signatories to the original or the same counterpart. 
  
 15. This Agreement shall be construed in accordance with, and the rights of the parties shall be governed by, the laws of the State of Delaware
applicable to contracts entered into and to be performed in the State of Delaware. 
  
 16. If any provision of this Agreement is or becomes invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected
thereby. 
  
 17. For purposes of this Agreement, the terms
“Controlling” and “Control” with respect to an entity means the power, directly or indirectly, either to direct or cause the direction of the management policies of such entity, whether through the ownership of
voting securities or equity interest, by contract or otherwise. 
  
 18. Any provision of this Agreement to the contrary notwithstanding, the LLC may take such steps as it may deem necessary or desirable for the withholding of any taxes which it is required by law or regulation of any governmental authority,
federal, state or local, domestic or foreign, to withhold in connection with the Interest granted hereto. 
  
 19. If Service Provider shall ever become legally divorced, then in connection with the property settlement that occurs with respect to such divorce,
Service Provider and his spouse (“Spouse”) shall each use his or her best efforts to convince the court to award 100% of the Interest to Service Provider. If the court awards any portion of the Interest to Spouse, Service Provider
shall purchase and/or otherwise acquire from Spouse, for Liquidation Value (defined below), all of Spouse’s interest (if any) in the Interest, and Spouse agrees to cooperate in transferring to Service Provider such legal, economic and other
rights in the Interest. If Service Provider fails to purchase and/or otherwise acquire such rights, then the LLC shall have the right to acquire from Spouse, for Liquidation Value, all of Spouse’s interest in the Interest. If the LLC does not
acquire Spouse’s interest in the Interest, Spouse shall be treated only as an assignee of an interest in the LLC, and shall not be treated as a substitute member, and shall merely have a right to receive allocations of, profit, loss and other
items of income, gain or deduction and credit, and the rights to distributions. Spouse is executing this Agreement solely to evidence her consent and agreement to take such actions as may be necessary to comply with this Section 19. If
Service Provider should ever become divorced and then remarry during the term of this Agreement, Service Provider covenants and agrees that Service Provider will cause his spouse to execute a counterpart to this Agreement solely to evidence such
spouse’s consent and agreement to take such actions as may be necessary to comply with this Section 19. The term “Liquidation Value” with respect to the Interest (or an economic interest in any portion of the 

  

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Interest) means the amount the owner would receive under the terms of the LLC Agreement if the LLC sold its assets for Fair Market Value, discharged all of
its liabilities, and distributed the remaining proceeds to the Partners pursuant to Article XII of the LLC Agreement. 
  
 20. Nothing contained in this Agreement shall be deemed to obligate the LLC or any subsidiary of the LLC to employ the Service Provider in any capacity
whatsoever or to prohibit or restrict the Company (or any such subsidiary) from terminating the employment, if any, of the Service Provider at any time or for any reason whatsoever, with or without cause. 
  
 [Signature lines to be added at time of issuance of Units.] 
  

 A-7Form of Consolidated Container Holdings LLC 2004 Unit Option Agreement

 Exbihit 10.10(b) 
  
 2004 Unit Option Agreement 
  
 CONSOLIDATED CONTAINER HOLDINGS LLC 
 2004 UNIT OPTION AGREEMENT 
  
 THIS AGREEMENT (the
“Agreement”), which shall be effective as of the Award Date (defined in paragraph 1 below), is made and entered into by and between Consolidated Container Holdings LLC, a Delaware limited liability company (the
“Company”), and the individual named in Exhibit A attached hereto (the “Participant”). 
  
 WHEREAS, the Company has implemented the Second Amended and Restated Consolidated Container Holdings LLC 1999 Unit Option Plan (the
“Plan”), which provides for the grant of options to selected officers, key employees, and consultants of the Company or its Subsidiaries to purchase Units of the Company; 
  
 WHEREAS, the committee that administers the Plan (the “Committee”) has selected the Participant to
participate in the Plan and has awarded the Unit option herein described (the “Option”) to the Participant; and 
  
 WHEREAS, the parties desire to evidence in writing the terms and conditions of the Option, which the parties intend to supersede all prior option
grants from the Company to the Participant; 
  
 NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to the Participant to continue as an employee of the Company or its Subsidiary and/or to promote the success of the
business of the Company and its Subsidiaries, the parties hereby agree as follows: 
  
 1. Grant of Option. The Company hereby grants to the Participant, upon the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, the Option to acquire
the number of Units set forth in Exhibit A (the “Number of Units”), at an exercise price of five cents ($0.05) to acquire each Unit (the “Exercise Price”), effective as of July 1, 2004 (the “Award
Date”). The Participant hereby accepts the Option from the Company. 
  
 2. Vesting. 
  
 (a)
Exhibit A sets forth the percentage of the Units subject to the Option that will be vested as of the Award Date. Thereafter, the Units subject to the Option shall vest ratably on a daily basis (over a 365-day year) at a rate of twenty percent (20%)
per year while the Participant is employed; provided, however, the Option shall immediately vest in full as to all Units subject hereto upon any Sale of the Company (as defined in section (b) below); provided, further,
that the Option shall also vest up to such number of Units subject hereto as are necessary to permit the Participant to participate in any sale of Units in which the Participant is permitted or required to sell pursuant to Section 11.5 or 11.6 of
the LLC Agreement. 

 2004 Unit Option Agreement 
  
 (b) A “Sale of the Company” shall occur if the Company engages in a merger, consolidation,
recapitalization, reorganization or sale, lease or transfer of all or substantially all of the Company’s assets and (i) the Company and its members and affiliates immediately before such transaction beneficially own, immediately after or as a
result of such transaction, equity securities of the surviving or acquiring entity or such entity’s parent entity (the “Acquiror”) possessing less of the voting power of the Acquiror or such entity’s parent entity than
another shareholder or member and (ii) the Company and its members and affiliates immediately before such transaction have fewer representatives on the Board of the Acquiror than another shareholder or member, provided that a Sale of the Company
shall not be deemed to occur upon any public offering or series of such offerings of securities of the Company or its affiliates that results in any such change in beneficial ownership. 
  
 3. Exercise. In order to exercise the Option with respect to any vested Units hereunder, the Participant shall
provide written notice to the Company at its principal executive office. At the time of exercise, the Participant shall pay to the Company the Option price per Unit set forth in Section 1 times the number of vested Units as to which the
Option is being exercised. The Participant shall make such payment by delivering (a) cash or (b) a check or (c) at the Committee’s option any other consideration that the Committee determines is consistent with the Plan and applicable law. If
the Option is exercised in full, the Participant shall surrender this Agreement to the Company for cancellation. If the Option is exercised in part, the Participant shall surrender this Agreement to the Company so that the Company may make
appropriate notation hereon or cancel this Agreement and issue a new agreement representing the unexercised portion of the Option. Prior to acquiring any of the Units pursuant to the Option, the Participant shall execute and deliver the Special Unit
Acquisition, Ownership and Redemption Agreement attached as Exhibit A to the Plan and the LLC Agreement. 
  
 4. Who May Exercise. The Option shall be exercisable during the lifetime of the Participant only by the Participant. To the extent exercisable
after the Participant’s death, only by the Participant’s representatives, executors, successors or beneficiaries may exercise the Option. 
  
 5. Expiration of Option. 
  
 (a) Vested Options. Subject to paragraph (b) below, the Option shall expire, and shall not be exercisable with respect to any vested Units
hereunder as to which the Option has not been exercised, on the first to occur of (a) the 10th anniversary of the Award Date or (b) one year after the Participant ceases to be an Employee or consultant of the Company for any reason. 
  
 (b) Early Termination of Option. Participant’s Option will
terminate prior to the time period specified in paragraph (a) above under any of the following circumstances: 
  
 i. Resignation without Good Reason. If the Participant ceases to be an Employee or consultant of the Company without Good Reason (as defined
below), 50% of any vested Option shall terminate immediately upon termination of employment or termination of his engagement as a consultant with the Company. 
  

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 2004 Unit Option Agreement 
  
 ii. Termination for Cause. The Committee may, by written notice to the Participant, immediately terminate the Option
if the Participant (a) is terminated for dishonesty or other acts detrimental to the interests of the Company or its Subsidiaries, or for willful misconduct or gross negligence in the performance of, or willful neglect of, his or her duties, or (b)
Competes (as defined below) with the Company or its Subsidiaries, or (c) is convicted or, or enters a plea of nolo contendere to, a felony. 
  
 (c) Unvested Options. The Option shall expire, and shall not be exercisable, with respect to any unvested Units hereunder and with respect
to any Units as to which the Exercise Price exceeds the Fair Market Value (determined as of the date of such termination), immediately upon (i) the termination of the Participant’s employment with the Company if Participant was awarded the
Option for his services as an employee, or (ii) when the Participant ceases to be a member of the management committee of the Company if Participant was awarded the Option for his services as a member of the management committee of the Company, or
(iii) when Participant’s engagement as a consultant terminates if Participant was awarded the Option for his services as a consultant of the Company. 
  
 (d) Definitions. For purposes of this Section 5, the following terms shall be defined as follows: 
  
 i. The term “Compete” shall mean, directly or indirectly (i) to
be engaged in or have financial interest (other than an ownership position of less than 5% in any company whose share are publicly traded or any non-voting non-convertible debt securities in any company) in any business which directly competes with
the business of the Company or any of its Subsidiaries or (ii) to solicit or offer employment to any person who has been employed by the Company or any of its Subsidiaries at any time during the 12 months immediately preceding such solicitation.

  
 ii. The term “Good Reason” shall mean (a) voluntary
retirement, (b) a substantial, involuntary, adverse change in job requirements, base salary or incentive opportunity, (c) involuntary relocation, (d) death or (e) disability rendering Participant unable to continue his employment or consulting
arrangement with the Company or any of its Subsidiaries. 
  
 6.
Tax Withholding. Any provision of this Agreement to the contrary notwithstanding, the Company may take such steps as it deems necessary or desirable for the withholding of any taxes that it is required by law or regulation of any governmental
authority, federal, state or local, domestic or foreign, to withhold in connection with any of the Units subject hereto. 
  
 7. Transfer of Option. The Participant shall not, directly or indirectly, sell, transfer, pledge, encumber or hypothecate
(“Transfer”) the Option or the rights and privileges pertaining 

  

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2004 Unit Option Agreement 
  
 thereto other than by will or the laws of descent and distribution. Any permitted transferee to whom the Participant shall Transfer the Option pursuant to this Section 7
shall agree to be bound by this Agreement. The Option is not liable for or subject to, in whole or in part, the debts, contracts, liabilities or torts of the Participant, nor shall it be subject to garnishment, attachment, execution, levy or other
legal or equitable process. 
  
 8. Certain Legal
Restrictions. The Company shall not be obligated to sell or issue any Units upon the exercise of the Option or otherwise unless the issuance and delivery of such Units shall comply with all relevant provisions of law and other legal requirements
including, without limitation, any applicable federal or state securities laws. As a condition to the exercise of the Option or the sale by the Company of any additional Units to the Participant, the Company may require the Participant to make such
representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of applicable federal or state securities laws. The Company shall not be liable for refusing to sell or issue any Units
if the Company cannot obtain authority from the appropriate regulatory bodies deemed by the Company to be necessary to lawfully sell or issue such Units. In addition, the Company shall have no obligation to the Participant, express or implied, to
list, register or otherwise qualify any of the Participant’s Units. The Units issued upon the exercise of the Option may not be transferred except in accordance with applicable federal or state securities laws. At the Company’s option, the
certificate evidencing Units issued to the Participant may be legended as follows: 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND MAY NOT BE SOLD,
ASSIGNED, TRANSFERRED OR PLEDGED EXCEPT IN COMPLIANCE WITH THE REQUIREMENTS OF SUCH ACT AND THE APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. 
  

9. Plan Incorporated. The Participant accepts the Option herein subject to all the provisions of the Plan, which are incorporated herein,
including the provisions that authorize the Committee to administer and interpret and make adjustments pursuant to the Plan and that provide that the Committee’s decisions, determinations and interpretations with respect to the Plan are final
and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 
  
 10. Miscellaneous. 
  
 (a) The granting of the Option herein shall impose no obligation upon the Participant to exercise the Option or any part thereof. Nothing herein contained
shall affect the right of the Company to terminate the Participant at any time, with or without cause, or shall be deemed to create any rights to employment on the part of the Participant. 
  

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 2004 Unit Option Agreement 
  
 (b) The rights and obligations arising under this Agreement are not intended to and do not affect the employment
relationship or other relationship that otherwise exists between the Company and the Participant, whether such employment relationship is at will or defined by an employment contract, or otherwise. 
  
 (c) Neither the Participant nor any person claiming under or through the
Participant shall be or shall have any of the rights or privileges of a member of the Company in respect of any of the Units issuable upon the exercise of the Option herein unless and until such Units shall have been issued and delivered to the
Participant or such Participant’s agent. 
  
 (d) Any notice
to be given to the Company under the terms of this Agreement or any delivery of the Option herein to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to the Participant shall be addressed
to the Participant at the address set forth beneath his or her signature hereto, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed,
postage prepaid, addressed as aforesaid. (e) Subject to the limitations herein on the transferability by the Participant of the Option and any Units, this Agreement shall be binding upon and inure to the benefit of the representatives, executors,
successors or beneficiaries of the parties hereto. 
  
 (f) This
Agreement shall be construed in accordance with, and the rights of the parties shall be governed by, the laws of the State of Delaware applicable to contracts entered into and to be performed in the State of Delaware. 
  
 (g) If any provision of this Agreement is declared or found to be illegal,
unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that
this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and
enforceable and achieves the same objectives. 
  
 (h) All section
titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. 
  
 (i) The parties shall execute all documents, provide all information, and
take or refrain from taking all actions as may be necessary or appropriate to achieve the purpose of this Agreement. 
  

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 2004 Unit Option Agreement 
  
 (j) This Agreement, including Exhibit A, which is attached hereto and incorporated herein, constitutes the entire
agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto including, without limitation, any prior Consolidated Container Holdings LLC Unit Option Agreements
between Company and Participant. In this regard, Participant acknowledges the following: (i) that Company is hereby canceling any and all options Company may have granted to Participant pursuant to any previous Consolidated Container Holdings LLC
Unit Option Agreement between Participant and Company or pursuant to any other written or oral promise from Company to grant options to Participant and (ii) that the Options granted to Participant hereunder represent the sole Company options in
which Participant will have any interest following Participant’s execution hereof . 
  
 (k) No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute
waiver of any such breach or any other covenant, duty, agreement or condition. 
  
 (l) This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or
the same counterpart.(m) At any time and from time to time the Committee may execute an instrument providing for modification, extension, or renewal of any outstanding option, provided that no such modification, extension or renewal shall impair the
option in any respect without the consent of the holder of the option. Except as provided in the preceding sentence, no supplement, modification or amendment of this Agreement or waiver of any provision of this Agreement shall be binding unless
executed in writing by all parties to this Agreement. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision of this Agreement (regardless of whether similar), nor shall any such
waiver constitute a continuing waiver unless otherwise expressly provided. 
  
 (n) In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this
Agreement. 
  
 (o) The Participant’s spouse joins this
Agreement for the purpose of agreeing to and accepting the terms of this Agreement and to bind any community property interest he or she has or may have in the Option, any vested portion or any unvested portion of the Option, any Units acquired upon
exercise of the Option and any other Units held by the Participant. 
  
 Signatures appear on next page. 
  

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 2004 Unit Option Agreement 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Award Date. 
  

			
	COMPANY:
	
	Consolidated Container Holdings LLC
		
	By:	 	  

	 	 	Stephen E. Macadam
	 	 	President & Chief Executive Officer

  

							
	PARTICIPANT:	 	PARTICIPANT’S SPOUSE:
				
	Signature:	 	  

	 	Signature:	 	  

	Print Name:	 	  

	 	Print Name:	 	  

	Address:	 	  

	 	Address:	 	  

	 	 	  

	 	 	 	  

	Date:	 	  

	 	Date:	 	  

  

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