Document:

Amendment of Option Grant Agreement

 Exhibit 10.2 
 CPG Finance, Inc. 
 3070 Southport Road 

Spartanburg, SC 29302 

August 10, 2011 
 Jack Knott 

73 Brinker Road 
 Barrington, IL 60010

  

	Re:      Amendment	of Option Grant Agreement 

 Dear Jack:

 As you know, on December 12, 2005, you were granted nonqualified options to purchase 30,000 shares, of non-voting common stock of
CPG Finance, Inc. (the “Company”) at $72.00 per share, as amended by a letter agreement on April 13, 2007 (such grant, the “Option Grant” and such agreement, the “Option Grant Agreement”). The shares underlying the
Option Grant vested 20% on each July 14th following the date of grant and, therefore, as of the date hereof, all shares have vested under the Option Grant. By the terms of the Option Grant Agreement, your Option Grant would expire upon a
voluntary termination of employment with the Company. 
 This letter evidences an amendment to the Option Grant Agreement as follows. In
consideration for your acceptance of employment with Sun Capital Advisors, Inc. (“Sun”), the Option Grant Agreement is hereby amended to provide that the Option Grant can be exercised only on the earliest of the following dates:

  

	 	a.	July 14, 2015; 

  

	 	b.	the date of the consummation of a Change in Control (as such term is defined in the Option Grant Agreement); or 

 

	 	c.	the date on which your employment with Sun terminates; provided that if such termination of employment is not voluntary or due to death or Disability (as defined in the
Company’s 2005 Stock Option Plan), then any portion of the Option Grant may also be exercised on any date within 30 days following the date on which your employment with Sun terminates. 

Except for the above items, the terms of the Option Grant Agreement remain unchanged (including without limitation the exercise price and expiration
dates) and remain subject in all respects to the terms and provisions of the Company’s 2005 Stock Option Plan. Please acknowledge your receipt and acceptance of the terms of this amendment to the Option Grant Agreement by signing below and
returning a copy to the undersigned. 
  

			
	 Sincerely,
  
 CPG FINANCE, INC.
  
 By: /s/
Eric M.
Lynch                                       
             
 Name: Eric M. Lynch

Title: Chief Financial Officer
	 	 Acknowledged and accepted

as of this 10th day of August, 2011:
  

/s/ Jack
Knott                                       
                         
 Jack KnottAmendment of Offer Agreement

 Exhibit 10.3 
 Exopack Holding Corp. 
 3070 Southport Road 

Spartanburg, SC 29302 

August 10, 2011 
 Jack Knott 

73 Brinker Road 
 Barrington, IL 60010

  

	Re:	Amendment of Offer Agreement 

 Dear Jack:

 As you know, on January 10, 2006, you were awarded the attached Change-in-Control Bonus Opportunity (the “Bonus”) pursuant to
an offer letter agreement (the “Offer Agreement”) between you and Exopack Holding Corp. (the “Company”). By its terms, the Bonus is conditioned, among other things, on you being employed by the Company on a Change in Control (as
defined therein). In consideration for your acceptance of employment with Sun Capital Advisors, Inc. (“Sun”), the Company hereby waives the requirement that you be an employee of the Company through the date of a Change in Control as a
condition to being eligible to receive the Bonus. This waiver is specific only to the condition of employment, does not waive, alter or otherwise change the other conditions set forth in the Bonus, including without limitation how any Bonus payment
is to be calculated, and shall be null and void and of no further force or effect in the event that you are not employed by Sun on the effective date of a Change in Control. 
 Further, it is hereby agreed that your Separation Benefit Agreement, dated as of January 10, 2006 and as amended to date, by and among the Company, CPG Finance, Inc. (“CPG”) and you, is
hereby terminated and neither you, on the one hand, nor the Company, CPG or any of their respective affiliates, on the other hand, have any continuing rights or obligations thereunder. 
 Please acknowledge your receipt and acceptance of the terms of this amendment to the Offer Agreement by signing below and returning a copy to the undersigned. 

Sincerely, 
  

									
		 		 		 		 	Acknowledged and accepted
	EXOPACK HOLDING CORP.	 		 		 	as of this 10th day of August, 2011:
					
	By:	 	 /s/ Eric M. Lynch
	 		 		 	 /s/ Jack Knott

	Name:	 	Eric M. Lynch	 		 		 	Jack Knott
	Title:	 	Chief Financial Officer	 		 		 	
				
	CPG FINANCE, INC.	 		 		 	

  

			
	By:	 	 /s/ Eric M. Lynch

	Name:	 	Eric M. Lynch
	Title:	 	Chief Financial OfficerAmendment to the Amended and Restated Officer Deferred Compensation Plan

 EXHIBIT 10.1 
 RESOLUTIONS OF THE COMPENSATION COMMITTEE 
 OF THE BOARD OF DIRECTORS OF
PSS WORLD MEDICAL, INC. 
 Amendments to Deferred Compensation Plans 

WHEREAS, PSS World Medical, Inc. (the “Company”) maintains the PSS World Medical, Inc. Amended and Restated Officer Deferred
Compensation Plan (the “Officer Plan”), the PSS World Medical, Inc. Amended and Restated ELITe Deferred Compensation Plan (the “ELITe Plan”) and the PSS World Medical, Inc. Amended and Restated Leader’s Deferral Plan (the
“Leader’s Plan,” and together with the Officer Plan and the ELITe Plan, the “Plans”); and 
 WHEREAS,
the Committee desires to amend the Plans to provide that the Committee may, in its sole and absolute discretion, accelerate the time and form of payment under any of the Plans in certain circumstances as permitted by Treas. Reg.
Section 1.409A-3(j)(4) (including, without limitation, pursuant to a domestic relations order), or to delay the time of a distribution as permitted by Treas. Reg. Section 1.409A-2(b)(7); and 

WHEREAS, the Committee desires to amend the Officer Plan to provide for Company Matching Contributions for Tier 5 Officers, Tier 6
Officers and Tier 7 Officers; and 
 WHEREAS, the Committee desires to amend the Leader’s Plan to reduce the Company
Matching Contribution for individuals designated as the top 50 Leaders for a Plan Year; 
 NOW, THEREFORE, BE IT RESOLVED, that
the Committee hereby approves and adopts amendments to the Plans in substantially the forms attached hereto as Exhibits A through C, with such changes thereto as the Chair of the Committee deems to be appropriate and consistent with the
presentation made to the Committee or otherwise based upon the advice of the Company’s legal counsel or independent accountants which changes do not alter materially the substance of the Approved Amendments as approved by the Committee; and

 FURTHER RESOLVED, that the officers of the Company be, and they hereby are, authorized and directed to do any and all things
deemed by them necessary or desirable to effect the foregoing resolutions. 

 EXHIBIT A 
 AMENDMENT TO THE PSS WORLD MEDICAL, INC. 
 AMENDED AND RESTATED OFFICER
DEFERRED COMPENSATION PLAN 
 THIS AMENDMENT (this “Amendment”) to the PSS World Medical, Inc. Amended and
Restated Officer Deferred Compensation Plan (the “Plan”), is made this 9th day of December, 2010. 
 The
Compensation Committee (the “Committee”) of the Board of Directors of PSS World Medical, Inc. (the “Company”) has determined that it is in the best interests of the Company and its stockholders to amend the Plan to provide that
the Committee, or its designee, may use its discretion to accelerate the time and form of payments under the Plan in certain circumstances, as permitted by Treas. Reg. Section 1.409A-3(j)(4), or to delay the time for payment of a benefit as
permitted by Treas. Reg. Section 1.409A-2(b)(7). 
 The Committee has further determined that it is in the best interests
of the Company and its stockholders to amend the Plan to provide for Company Matching Contributions for Tier 5 Officers, Tier 6 Officers and Tier 7 Officers. 
  

	 	1.	The Plan is hereby amended by deleting the definition of the term “Officer” in Section 2.01 and replacing it with the following definition:

 “A person who is a Tier 1 Officer, Tier 2 Officer, Tier 3 Officer, Tier 4 Officer, Tier 5 Officer, Tier 6
Officer or Tier 7 Officer of the Company.” 
  

	 	2.	The Plan is hereby amended by adding the following new terms and definitions to Section 2.01: 

“Tier 1 Officer. An Officer role that has been assigned a MARST score of 35, 34 or 33.” 

“Tier 2 Officer. An Officer role that has been assigned a MARST score of 32, 31, 30 or 29.” 

“Tier 3 Officer. An Officer role that has been assigned a MARST score of 28, 27, 26, 25, 24 or 23.” 

“Tier 4 Officer. An Officer role that has been assigned a MARST score of 22, 21, 20, 19 or 18.” 

“Tier 5 Officer. An Officer role that has been assigned a MARST score of 17, 16, 15 or 14.” 

  
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 “Tier 6 Officer. An Officer role that has been assigned a MARST score of 13, 12,
11 or 10.” 
 “Tier 7 Officer. An Officer role that has been assigned a MARST score of 9, 8, 7, 6 or 5.”

  

	 	3.	The Plan is hereby amended by deleting the first sentence of Section 4.01 (“Election to Participate”) and replacing it with the following sentence:

 “Each Tier 1 Officer, Tier 2 Officer, Tier 3 Officer, Tier 4 Officer, Tier 5 Officer, Tier 6 Officer and
Tier 7 Officer is automatically eligible to participate in the Plan.” 
  

	 	4.	The Plan is hereby amended by deleting the first sentence of Section 5.01 (“Deferred Compensation”) and replacing it with the following sentence:

 “A Participant may elect to defer up to 100% of his or her Compensation in accordance with the terms of the
Plan and the Deferral Election Form; provided, however, that the Company Matching Contribution shall apply only with respect to deferrals of up to 15% of Compensation for Tier 1 Officers and Tier 2 Officers and up to 10% of Compensation for Tier 3
Officers, Tier 4 Officers, Tier 5 Officers, Tier 6 Officers and Tier 7 Officers.” 
  

	 	5.	The Plan is hereby amended by deleting the fifth sentence of Section 5.05 (“Company Matching Contributions”) and replacing it with the following
sentences: 

 “For each dollar ($1.00) that a Tier 5 Officer defers into an Account (up to 10% of Compensation
in the aggregate for all of the Participant’s Accounts), the Company will make a matching contribution of forty-five cents ($.45). For each dollar ($1.00) that a Tier 6 Officer defers into an Account (up to 10% of Compensation in the aggregate
for all of the Participant’s Accounts), the Company will make a matching contribution of forty cents ($.40). For each dollar ($1.00) that a Tier 7 Officer defers into an Account (up to 10% of Compensation in the aggregate for all of the
Participant’s Accounts), the Company will make a matching contribution of thirty-five cents ($.35).” 
  

	 	6.	The Plan is hereby amended by adding the following new Section 5.13: 

 “5.13 Acceleration of or Delay in Payments. The Committee, or its designee, in its sole and absolute discretion, may elect to accelerate the time or form of payment of a benefit owed to the
Participant hereunder, provided such acceleration is permitted under Treas. Reg. Section 1.409A-3(j)(4). The Committee, or its designee, may also, in its sole and absolute 

  
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discretion, delay the time for payment of a benefit owed to the Participant hereunder, to the extent permitted under Treas. Reg. Section 1.409A-2(b)(7). If the Plan receives a domestic
relations order (within the meaning of Code Section 414(p)(1)(B)) directing that all or a portion of a Participant’s Accounts be paid to an “alternate payee,” any amounts to be paid to the alternate payee(s) shall be paid in a
single lump sum.” 
  

	 	7.	The Plan is hereby amended by adding the following sentence to the end of Section 9.02 (“Spendthrift Clause”): 

“Notwithstanding anything to the contrary herein, however, the Committee, or its designee, has the discretion to make payments to an
alternate payee in accordance with the terms of a domestic relations order (as defined in Code Section 414(p)(1)(B)).” 
 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized representative on the day and year first above written. 

 

			
	 PSS WORLD MEDICAL, INC

		
	 By:
	 	 /s/ David D. Klarner

		 	 Its: Vice President and Treasurer

  
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