Document:

Separation and General Release Agreement

 Exhibit 10.15 
 [On Solo Cup Letterhead] 
  

							
		 	November 2, 2006	 		  	Via Email

 Mr. Anil Shah 
 309 Camelot Lane 
 Libertyville, IL 60048 
 Re:
Separation and General Release Agreement 
 Dear Anil, 
 This letter sets forth the terms of your separation from the Company. 
  

	1.	You, Solo Cup Operating Corporation (the “Company”) and Solo Cup investment Corporation (“SCIC”) acknowledge and agree that (i) your employment with the
Company ceased as of April 1, 2006 (“Termination Date”), (ii) effective as of the Termination Date, you no longer held any positions as an officer or employee of the Company, SCIC or any of their respective parents, subsidiaries
and affiliates, and (iii) no compensation shall be paid to you in connection with the termination of your employment except as set forth in this agreement. 

  

	2.	The Employment Agreement entered into by you, the Company and SCIC dated as of April 14, 2004, (the “Employment Agreement”) terminated as of the Termination Date and
is no longer of any force or effect, except that Sections 7.1, 7.2, 7.3 and 7.4 of the Employment Agreement shall remain in full force and effect in accordance with their terms and are incorporated herein in full by reference including any related
definitions. Any amounts payable under item 3 under the heading of “other” on Exhibit A will be subject to reduction or termination as the result of your employment by another employer or self-employment. 

  

	3.	Subject to your compliance with the terms of this agreement, including those incorporated by reference, and provided that you consent to the release set forth in paragraph 6 below
and do not revoke such release within the time frame provided therein for such revocation, as contemplated by the terms of the Employment Agreement, you shall be entitled to receive from the Company the payments and benefits set forth in Exhibit A
hereto, at the times set forth in Exhibit A. The specific dollar amount of such payments, the timing of such payments and all other monetary or in kind obligations of the Company and SCIC to you are set forth in Exhibit A hereto. Except as provided
in item 3 under the heading of “cash payment and item 3 under the heading of “other” on Exhibit A, payment of the amounts set forth on Exhibit A shall be less all applicable federal, state and local withholding taxes and shall in no
event commence prior to the Effective Date of this agreement, as defined below in paragraph 13. Your eligibility to participate in the Company’s benefit plans, programs and perquisites terminated as of the Termination Date, except as expressly
provided in Exhibit A. 

	4.	You acknowledge and agree that you are party to the Solo Cup Investment Corporation Stock Option Award Agreements under the 2004 Management Investment and Incentive Compensation
Plan entered into by you and SCIC dated as of April 14, 2004 and dated as of March 10, 2005 (collectively, the “Award Agreements”). You and SCIC hereby agree that your rights under the Award Agreements shall be as set forth under
item 2 under the heading of “other” on Exhibit A. Effective as of the Effective Date, as defined below in paragraph 13, the Award Agreements shall terminate and shall thereafter be of no force or effect. 

  

	5.	You acknowledge and agree that you are party to the Convertible Preferred Unit Award Agreement entered into by you and SCIC dated as of April 14, 2004, (the “CPU
Agreement”). You and SCIC hereby agree that your rights under the CPU Agreement shall be as set forth under item 3 under the heading of “other” on Exhibit A. Effective as of the Effective Date, as defined below in paragraph 13, the
CPU Agreement shall terminate and shall thereafter be of no force and effect. 

  

	6.	You acknowledge and agree that you are the current holder of 200 shares of Convertible Participating Preferred Stock of SCIC (“CPPS”). You further acknowledge and agree
that you own no other equity interest in SCIC, other than as set forth in paragraphs 4 and 5 above. You hereby agree to sell your 200 shares of CPPS to SCIC for the amount set forth under item 3 under the heading of “cash payment” on
Exhibit A. In connection with this agreement, upon payment of such amounts you agree that you are no longer a stockholder of SCIC and agree that you no longer have any rights under the Stockholders’ Agreement by and among SCIC, Solo Cup
Company, a Delaware corporation, SCC Holding Company LLC, Vestar Capital Partners IV, L.P. and certain other parties dated as of February 27, 2004 (the “Stockholders’ Agreement”) or the Registration Rights Agreement by and among
SCIC and certain other parties dated as of February 27, 2004 (the “Registration Rights Agreement”). Your only right shall be to receive the cash payment upon the terms set forth herein and following payment you shall not be entitled
to exercise any rights as a stockholder. 

 Concurrently with the execution of this agreement, you shall deliver the stock
certificate for the 200 shares of CPPS and a stock transfer power duly executed in blank for such CPPS which shall be held in escrow by Stahl Cowen Crowley LLC pending cash payment from SCIC in the amount set forth under item 3 under the heading of
“cash payment” on Exhibit A. Upon your receipt of such cash payment, such stock certificate and stock transfer power shall be immediately and automatically released to SCIC. 
  

	7.	 In consideration of the payments and benefits to be provided to you pursuant to Exhibit A of this agreement, and as contemplated by Section 4.2 of the
Employment Agreement, you voluntarily, knowingly and willingly release and forever discharge the Company, Solo Cup Company, a Delaware corporation, SCIC and any of their respective parents, subsidiaries and affiliates, at any level, together with
all of their respective past and present directors, managers, officers, shareholders, partners, 

	 	 
employees, agents, attorneys, servants and clients and each of their predecessors, successors and assigns (collectively referred to in this agreement as the
“Releasees”), from any and all charges, complaints, claims, promises, agreements, obligations, damages, liabilities, controversies, causes of action and demands of any nature whatsoever, known or unknown, suspected or unsuspected, which
against them, you or your executors, administrators, successors or assigns ever had, now have or hereafter can, shall or may have by reason of any matter, cause or thing whatsoever arising to the time you sign this agreement. This release includes,
but is not limited to, any rights or claims relating in any way to your employment relationship with the Company or SCIC or the termination thereof, or under any statute, including the federal Age Discrimination in Employment Act of 1967, Title VII
of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974, the Family Medical Leave Act of 1993, and the Illinois Human Rights Act, the City of
Chicago Human Rights Ordinance or the Cook County Human Rights Ordinance, each as amended, or any other federal, state or local law, regulation, ordinance, or common law, or under any policy, agreement, understanding or promise, written or oral,
formal or informal, between you and the Company or any of the Releasees, except that the foregoing shall not preclude you from pursuing your rights to payment pursuant to this agreement or enforcing your rights under this agreement. Further, and by
way of example, this waiver and release includes all claims for wrongful employment termination or breach of contract and any other claim whatsoever, including, but not limited to, claims relating to public policy or tort claims, retaliatory
discharge claims, defamation claims, intentional infliction of emotional distress claims, invasion of privacy claims, personal injury claims, claims for back pay, claims for compensatory and/or punitive damages, claims for costs and/or
attorneys’ fees, claims relating to legal restrictions on the Company’s right to terminate employees or pursuant to any other claims whatsoever, arising out of or relating to your employment with and/or separation of employment from the
Company and/or any other occurrence to the date of this agreement or the Employment Agreement. 

  

	8.	You represent that you have not filed against the Company, the Releasees and/or the their respective owners, stockholders, predecessors, successors, assigns, agents, directors,
officers, employees, representatives, divisions and subsidiaries (collectively referred to in this agreement as the “Related Persons”), any complaints, charges or Lawsuits arising out of your employment by the Company, , or any other
matter arising on or prior to the date you sign this agreement or if you have filed any such complaint, charge or lawsuit, you agree that the same shall be voluntarily dismissed, with prejudice, no later than Effective Date. You covenant and agree
that you will not seek recovery against the Company, the Releasees or any of their respective Related Persons arising out of any of the matters set forth in this or the preceding paragraph of this agreement; provided, however, that in no event shall
this limit you from commencing a proceeding for the sole purpose of enforcing your rights under this agreement. The Releasees and Related Persons that are not party hereto are intended third party beneficiaries of Sections 7 and 8 of this agreement
and are entitled to enforce the provisions set forth in Sections 7 and 8 of this agreement. 

	9.	You represent that you have returned or will immediately return to the Company all “Company Information,” including without limitation, mailing lists, reports, files,
memoranda, records and software, credit cards, door and file keys, computer access codes or disks and instructional manuals, and other physical or personal property which you received or prepared or helped prepare in connection with your employment
with the Company, and you will not retain any copies, duplicates, reproductions or excerpts thereof in any form whatsoever. The term “Company Information” as used in this agreement means (a) confidential information of the Company,
SCIC or their respective affiliates, including without limitation information received from third parties under confidential conditions, and (b) other technical or non-technical information, business or marketing plans, personnel or telephone
directories, computer programs, procedures, technology or records, operating procedures manuals, financial information, leases, budgets, rent rolls or customer lists, pricing information, intellectual property or trade secrets, or any other
proprietary information related to the business of the Company, SCIC or their respective affiliates, the use or disclosure of which might reasonably be construed to be contrary to the interests of the Company, SCIC or their respective affiliates.

  

	10.	You acknowledge that in the course of your employment with the Company you have acquired Company Information as defined above in paragraph 9. You understand and agree that such
Company Information has been disclosed to you in confidence and for the use of only the Company. You acknowledge that you have no ownership right or interest in any Company Information used or developed during the course of your employment. You
understand and agree that (i) you will keep such Company Information confidential at all times after your employment with the Company, and (ii) you will not make use of Company Information on your own behalf, or on behalf of any third
party. 

  

	11.	You agree that at all times hereafter you will not make, or cause to be made, any public statement, observation or opinion that (a) accuses or implies that the Company or any
of the Releasees engaged in any wrongful, unlawful or improper conduct, whether relating to your employment with the Company or the termination thereof, the business or operations of the Company or any of the Releasees or otherwise; or
(b) disparages, impugns or in any way reflects adversely upon the business or reputation of the Company or any of the Releasees. The Company agrees that it will not make any public statement, observation or opinion with the intention of
disparaging you or in any way impugning you reputation. Nothing in this paragraph 11 shall prevent either party from truthfully responding in connection with governmental inquiries or as required by subpoena, court order or legal process.

  

	12.	The Company advises you to consult with an attorney of your choosing prior to signing this agreement. You understand and agree that you have the right and have been given the
opportunity to review this agreement and, specifically, the release in paragraph 7, with an attorney of your choice should you so desire. 

  

	13.	 You have at least twenty-one (21) days to consider the terms of this agreement, although you may choose to sign this agreement and return it to the Company
sooner if you so desire. Furthermore, once you have signed this agreement and returned it to the 

	 	 
Company, you have seven (7) additional days from the date you sign it to revoke your consent, in which case this agreement shall become null and void.
In order to revoke your consent, you must inform the Company by written notice addressed to Solo Cup Company, 1700 Old Deerfield Road, Highland Park, IL 60035, Attn: General Counsel, no later than the close of business of the seventh (7th) day
following the date that you sign this agreement. If no such revocation occurs, this agreement shall become effective on the eighth (8th) day following the day you sign the agreement (referred to in this agreement as the “Effective
Date”), when the right to make acceptance shall have expired. This agreement is of no legal force or effect, and the Company shall have no obligation to make the payments indicated in paragraph 3 above and set forth on Exhibit A, until the
Effective Date. 

  

	14.	The Company’s offer to you of this agreement and the payments set forth herein are not intended to, and shall not be construed as, an admission of liability by the Company or
SCIC or any of their respective affiliates to you or of any improper conduct on the Company’s SCIC’s or any of their respective affiliates’ part, all of which the Company and SCIC specifically deny. 

  

	15.	You agree that this agreement shall remain confidential and shall not be disclosed to any person, except (a) to your immediate family and as may be required for obtaining legal
or tax advice; (b) for the filing of income tax returns or required financial disclosures; or (c) as may be required by law, governmental regulations or in any proceeding to enforce this agreement. In the event of any disclosure to
immediate family or a legal or tax advisor, you shall require any person receiving such information to maintain its confidentiality. 

  

	16.	You represent that in executing this agreement you have not relied upon any representation or statement not set forth herein with regard to the subject matter, basis or effect of
this agreement or otherwise. The terms described in this letter including Exhibit A hereto constitute the entire agreement between us relating to the subject matter hereof and may not be altered or modified in any way other than in a writing signed
by you and the Company. This agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. The agreement will be governed by the law of Illinois, without
reference to its choice of law rules. 

 If the above sets forth our agreement as you understand it and consent to it, please so signify by executing the enclosed
copy of this letter and returning it to the undersigned. 
  

			
	 SOLO CUP INVESTMENT CORPORATION

		
	 By:
	 	 /s/ Robert M. Korzenski

	 Name:
	 	Robert M. Korzenski
	 Title:
	 	President/CEO
	
	 SOLO CUP OPERATING CORPORATION

		
	 By:
	 	 /s/ Robert M. Korzenski

	 Name:
	 	Robert M. Korzenski
	 Title:
	 	President/CEO

 Agreed to and Accepted: 
  

			
	
	
	/s/ Anil Shah
		
	Dated:	 	Nov. 3rd, 2006

 EXHIBIT A 
 The items listed below are subject to the terms and conditions of this agreement. 
 Cash Payments: 
  

	1.	$513,000.00, to be paid in cash in a single lump-sum, on the Effective Date, provided that you have voluntarily dismissed, with prejudice, any complaint, charge or lawsuit
filed by you prior to the Effective Date (and have furnished the Company with evidence of the same), less all applicable federal, state and local withholding taxes (the “Lump Sum Payment”). You acknowledge that in addition to the
foregoing, you have also already been paid $68,750.00 as severance following your Termination Date. You acknowledge and agree that the payment(s) and other benefits contemplated and provided pursuant to this agreement are in full discharge of any
and all liabilities and obligations to you, monetarily or with respect to severance, vacation entitlement, employee benefits or otherwise, including but not limited to any and all obligations arising under any alleged written or oral employment
arrangement, policy, plan or procedure of the Company and/or any alleged understanding or arrangement between you and the Company. 

  

	2.	$26,000, less all applicable federal, state and local withholding taxes, as contemplated by Section 10 of the CPU Agreement, in full satisfaction of your rights under the CPU
Agreement under which 26 Convertible Preferred Units are credited to your account, to be paid as soon as a practicable following the Effective Date (A) so long as permitted (as determined by the board of directors of SCIC) by (x) the
Credit Agreement dated as of February 27, 2004, as amended, among Solo Cup Company, a Delaware corporation, Solo Cup Investment Corporation, Bank of America, N.A., as Administrative Agent and Swing Line Lender and as an L/C Issuer, Banc of
America Securities LLC and Citigroup Global Markets Inc., as Joint Lead Arrangers and Joint Book Running Managers, Citicorp North America, Inc., as Syndication Agent, Harris Trust and Savings Bank, as Documentation Agent and as an L/C Issuer, and
various lending parties named therein (the “First Lien Credit Agreement”), (y) the Second Lien Credit Agreement, dated as of March 31, 2006, among Solo Cup Company, a Delaware corporation, Solo Cup Investment Corporation, and
Bank of America, N.A., as Administrative Agent, Banc of America Securities LLC, as Sole Lead Arranger and Sole Bookrunning Manager and other lending parties therein (the “Second Lien Credit Agreement”) and (z) the Indenture, dated as
of February 27, 2004, by and among Solo Cup Company, a Delaware corporation, certain guarantors of Solo Cup Company and U.S. Bank National Association, as Trustee (the “Indenture”), and (B) provided that you have
voluntarily dismissed, with prejudice, any complaint, charge or lawsuit filed by you prior to the Effective Date (and have furnished the Company with evidence of the same). As of the date hereof, the Company is not in default under its First Lien
Credit Agreement, Second Lien Credit Agreement or the Indenture. 

	3.	$200,000.00, which represents the agreed redemption price of $1,000.00 per share of CPPS multiplied by 200 shares of CPPS purchased by you under the Subscription Agreement entered
into by you and Solo Investment dated as of April 14, 2004, to be paid as soon a practicable following the Effective Date (A) so long as permitted (as determined by the board of directors of SCIC) by the First Lien Credit Agreement, the
Second Lien Credit Agreement and the Indenture, and (B) provided that you have voluntarily dismissed, with prejudice, any complaint, charge or lawsuit filed by you prior to the Effective Date (and have furnished the Company with evidence
of the same). Please note that no taxes will be withheld by the Company in connection with the redemption of the CPPSs and you shall be solely responsible for the payment of any such taxes. 

 Other: 
  

	1.	There are no unpaid amounts of salary previously accrued to your benefit as of the Termination Date. You did not earn an annual bonus for fiscal year 2005, as the Company did not
meet the reduction of indebtedness or performance criteria set forth in Article III, Section 3.3(b) of the Employment Agreement. You are not eligible to earn an annual bonus for fiscal year 2006 as you are no longer employed by the Company as
of the Termination Date. 

  

	2.	Pursuant to the terms of the Award Agreements, 14,136 options were vested and remained outstanding as of the Termination Date (the “Outstanding Options”) and all other
options expired exercised as of the Termination Date. The Outstanding Options shall be subject to the terms and conditions of the Award Agreements and the 2004 Management Investment and Incentive Compensation Plan (the “2004 Plan”),
including, without limitation, Section 3.9(b) of the Stockholders’ Agreement, as defined in the 2004 Plan. The parties agree that the current Fair Market Value (as defined in the Stockholders’ Agreement) of the Common Stock of the
Company is equal to or less than the exercise price applicable to the Outstanding Options as of the Termination Date. Accordingly, you and the Company agree that (i) the Company shall have exercised its call right under Section 3.9(b) of
the Stockholders’ Agreement to purchase the Outstanding Options for a purchase price of $0.00, equal to the excess of the per share Fair Market Value of the Common Stock over the exercise price and (ii) you shall have no further rights in
respect of the Outstanding Options as of the Termination Date. 

  

	3.	You will continue to receive coverage under the Company’s group health, vision and dental plans until the earlier to occur of (i) the 18-month anniversary of the
Termination Date or (ii) the date you are provided similar coverage by a new employer. Coverage for the period will be maintained under the Company benefit plan through COBRA, the premiums for which will be paid by the Company; it being
understood that after the date hereof the Company may change its group health plan insurer with respect to your COBRA coverage to the same extent such changes apply to other participants in the group health plan. 

	4.	You will be contacted separately regarding your available options under the Company’s Profit Sharing 401(k) plan.Settlement Agreement and General Release

 Exhibit 10.16 
 SETTLEMENT AGREEMENT AND GENERAL RELEASE 
 This Settlement Agreement and General Release (the
“Agreement”) is entered into as of February 9, 2007 by and among Ronald L. Whaley (“Whaley”) on the one hand and Solo Cup Company and Solo Cup Investment Corporation (collectively the “Company”) on the other hand.

 SECTION 1 
 TERMINATION DATE

 The effective date of Whaley’s separation from all positions and employment with the Company and its Affiliates (as defined in
subsection 6.2) is April 17, 2006 (“Termination Date”). The parties agree that as of the Termination Date, Whaley resigned from all elected positions (including all directorships) with the Company and its Affiliates. Following the
Termination Date, Whaley had no authority to bind the Company or its Affiliates and shall have no such authority hence forth. 
 SECTION 2

 PAYMENTS AND BENEFITS 
 Whaley’s rights to compensation, benefits, payments, and distributions from the Company and its Affiliates shall be determined exclusively in accordance with the following provisions of this Section 2. 
 2.1. Welfare Benefits. For a period extending from the date of this Agreement through February 28, 2007, the Company shall continue to
provide the same medical, prescription, dental, and vision coverage that has been provided since the Termination Date with no premium contribution required from Whaley or his dependents. From March 1, 2007 through April 16, 2008 and with
no premium contribution required from Whaley or his dependents, the Company will provide Whaley and any dependents covered prior to the Termination Date with coverage under the following welfare benefit plans of the Company applicable to senior
executives, according to the terms of such benefit plans in effect as of March 1, 2007 and as summarized in the documents attached as Exhibit A hereto: medical, prescription, PPO dental, and vision (“Listed Welfare Benefit Programs”).
To the extent that a covered dependent becomes ineligible for medical coverage under the terms of the benefit plan then in effect before April 16, 2008, coverage for such dependent will cease as of the time such dependent becomes ineligible.
The period of coverage provided since the Termination Date will be counted toward satisfaction of the period of coverage to which Whaley is entitled under Section 4980B of the Internal Revenue Code and Section 601 of the Employee
Retirement Income Security Act (sometimes referred to as “COBRA coverage”). In the event Whaley is offered similar coverage to any of the Listed Welfare Benefit Programs by an employer prior to April 16, 2008, the Company’s
obligation to provide coverage to Whaley or his dependents under that welfare benefit program shall immediately terminate. 
 2.2.
Indemnification. The provisions of Article IX of the employment agreement entered into between Whaley and the Company dated February 27, 2004 (“Employment Agreement”) shall continue to apply, notwithstanding anything contained
in this Agreement. 
  

 -1- 

 2.3. Stock Options. The option(s) on 113,086 shares granted to Whaley pursuant to the award
agreement(s) dated February 27, 2004 under the 2004 Management Investment and Incentive Compensation Plan will be canceled without separate payment therefor, and Whaley will have no further rights with respect to such agreement(s) or option(s)
or any other outstanding options, whether vested or not. 
 2.4. CPU Awards. The Convertible Preferred Unit Award Agreement entered
into by Whaley and Solo Cup Investment Corporation dated as of April 14, 2004 will be canceled for good and valuable consideration, and Whaley will have no rights with respect to such agreement or award or any other convertible preferred unit
award or convertible preferred stock. 
 2.5. Lump-Sum Payment. The Company shall pay Whaley within ten (10) days following the
date of this Agreement, a lump-sum cash payment of $3 million ($3,000,000), less withholding for income, payroll and other taxes required in connection with this Agreement, amounting to a net lump-sum cash payment to Whaley of $2,110,455.00. 

 2.6. Forgiveness of Certain Amounts. The Company hereby forgives repayment by Whaley of the following amounts that are or may be
due and owing to the Company and its Affiliates: (i) $639,000, which is the outstanding principal amount of the interest-free loan that was granted to Whaley pursuant to Amendment One of the Employment, Confidentiality and Non-Competition
Agreement dated August 4, 1999, by and between Solo Cup Company and Whaley; and (ii) director fees in the amount of $21,270 (which represents the prorated portion of the $30,000 total payment) that Whaley was paid for services to be
rendered during 2006 that were not performed. 
 2.7. Attorneys’ Fees, Costs and Expenses. Each of Company and Whaley shall be
solely responsible for their own attorneys’ fees, expenses, and costs. 
 2.8. Other Payments. Except as expressly provided in
the Agreement, Whaley shall be entitled to no compensation, benefits or other payments or distributions. Whaley has previously received a distribution of all earned and/or vested benefits to which Whaley was entitled following the termination of his
employment under any benefit plan of the Company or under applicable law. 
 SECTION 3 
 REPRESENTATIONS AND COVENANTS 
 3.1. Assistance with Claims. In light of
Whaley’s long association with the Company and the positions that he held with the Company and its Affiliates, Whaley may have knowledge that would be important to the Company and its Affiliates in addressing claims or disputes that may arise.
Whaley agrees that he will provide reasonable assistance by sharing his knowledge with the Company and its Affiliates at their reasonable request. The Company will consult with Whaley, and make reasonable efforts to schedule such assistance so as
not to materially disrupt his business and personal affairs. The Company agrees to pay Whaley a per diem in the amount of $5,600 per day spent providing assistance at the Company’s request pursuant to this provision, such amount to be
pro-rated at $700 per hour for any portion of a day. In addition, the Company agrees to reimburse Whaley for all of his reasonable out-of-pocket expenses associated with such 

  

 -2- 

 
assistance, including travel expenses. Whaley’s obligation to provide assistance under this provision shall terminate on April 17, 2008. Nothing in
this subsection 3.1 is intended to affect in any manner Whaley’s testimony at a legal proceeding in response to a lawful and properly served subpoena or to affect Whaley’s cooperation with any governmental investigation, and no per diem
or other amount will be paid to Whaley in connection with such testimony or cooperation. 
 3.2. Restrictions. Whaley agrees he
will remain subject to the restrictions of Article VIII of the Employment Agreement (which relates to confidentiality, competition, and certain other restrictions). Provided, however, that in the event that Whaley wishes to provide services to a
company that would otherwise not be permitted under Article VIII of the Employment Agreement, Whaley may provide advance written notice to the Company, informing the Company as to the entity for which he proposes to perform services and the general
nature of the services to be performed, and the Company may waive the application of Article VIII, which waiver may not be unreasonably withheld by the Company and which waiver will be confirmed or refused by the Company within five
(5) business days of receipt of written notice from Whaley as provided for herein. Notwithstanding anything else contained in this Agreement, Whaley shall be permitted, during the time that Article VIII of the Employment Agreement remains in
effect, to disclose the language of this section 3.2 in the form provided in Exhibit B to this Agreement, to a company for which he proposes to perform services. 
 3.3. Confidentiality of the Agreement. Whaley and the Company agree to keep the Agreement strictly confidential and not to inform any person of the Agreement or its terms except that the Company may inform
Company officials with a need to know, Whaley may inform his spouse, the Company and Whaley may disclose the Agreement where required to do so by law or requested to do so by a government agency, and the Company and Whaley may inform their attorneys
and accountants for purposes of complying with accounting and legal obligations. Whaley and the Company will instruct any person to whom information is permitted to be disclosed pursuant to this provision to keep such information strictly
confidential. The Company agrees that, if the Company discloses the contents of the Agreement in documents filed with the SEC and regularly made available to the public, the information so disclosed shall no longer be confidential. In the event the
Company has not disclosed the contents of the Agreement in documents filed with the SEC and regularly made available to the public and Whaley is asked about the terms of the Agreement or the manner of resolution of his dispute with the Company in
the context of future employment, he will say only that “the matter has been resolved to the Parties’ satisfaction”. 
 3.4.
Return of Company Property. Whaley hereby agrees that he will return to the Company one (1) laptop computer and two (2) cellular telephones that the Company or its Affiliates provided for his use while he was an employee and
executive officer of the Company within five (5) business days of the date of this Agreement. Whaley hereby represents and warrants that he has returned all writings, files, data, records, correspondence, notebooks, notes and other documents
and things (including any copies thereof) containing any confidential information relating to the Company or its Affiliates. 
 3.5.
Settlement of Current Litigation. In consideration of the above-referenced payments and benefits provided to Whaley and the mutual promises contained herein, Whaley hereby 

  

 -3- 

 
agrees that this Agreement constitutes a final and full settlement of all claims and actions currently pending against Company by Whaley, including Whaley
v. Solo Cup Investment Corp. and Solo Cup Company, Case No. 06 L 811 (filed in the Circuit Court for the Nineteenth Judicial District, Lake County, Illinois). Further, Whaley agrees to file within eight (8) days of the date of this
Agreement a dismissal of his complaint in the above-referenced action. That dismissal shall be without prejudice with leave to reinstate for thirty (30) days, and shall provide that the dismissal is converted to a dismissal with prejudice in
the event that the action is not reinstated by Whaley. Whaley shall be permitted to reinstate the action only in the event that the Company does not perform its obligations under Section 2.5 of this Agreement. 
 SECTION 4 
 WHALEY RELEASE AND WAIVER

 4.1. Release and Waiver; Definitions. Whaley, on behalf of himself and the other Executive Releasors, releases and forever
discharges the Company and the other Company Releasees from any and all Claims which Whaley now has or claims, or might hereafter have or claim (or the other Executive Releasors may have, to the extent that it is derived from a Claim which Whaley
may have), against the Company Releasees based upon or arising out of any matter or thing whatsoever, occurring or arising on or before the date of this Agreement, including but not limited to, Claims arising out of or related to Whaley’s
employment by the Company and its Affiliates (including, without limitation, his employment as President and Chief Operating Officer) and/or his service as a director of the Company or its Affiliates and/or Whaley’s termination or resignation
from such employment or service. However, nothing in this Release and Waiver shall constitute a release of any Claims of Whaley (or other Executive Releasors) that may arise under this Agreement; or purport to release any claims which may not
lawfully be released. 
 For purposes of this Release and Waiver, the terms set forth below shall have the following meanings: 
  

	(a)	The term “Claims” shall include any and all rights, claims, demands, debts, dues, sums of money, accounts, attorneys’ fees, complaints, judgments, executions, actions
and causes of action of any nature whatsoever, cognizable at law or equity (except for claims for breach of the Agreement), and Claims arising under (or alleged to have arisen under) (i) the Age Discrimination in Employment Act of 1967, as
amended; (ii) Title VII of the Civil Rights Act of 1964, as amended; (iii) The Civil Rights Act of 1991; (iv) Section 1981 through 1988 of Title 42 of the United States Code, as amended; (v) the Employee Retirement Income
Security Act of 1974, as amended; (vi) The Immigration Reform Control Act, as amended; (vii) The Americans with Disabilities Act of 1990, as amended; (viii) The National Labor Relations Act, as amended; (ix) The Fair Labor
Standards Act, as amended; (x) The Occupational Safety and Health Act, as amended; (xi) The Family and Medical Leave Act of 1993; (xii) any state antidiscrimination law; (xiii) any state wage and hour law; (xiv) any other
local, state or federal law, regulation or ordinance; (xv) any public policy, contract, tort, or common law; or (xvi) any allegation for costs, fees, or other expenses including attorneys’ fees incurred in these matters.

  

	(b)	The term “Company Releasees” shall include the Company and its Affiliates. 

  

 -4- 

	(c)	The term “Executive Releasors” shall include Whaley and his family, heirs, executors, representatives, agents, insurers, administrators, successors, assigns, and any other
person claiming through Whaley. 

 4.2. Conditions. The following provisions are applicable to and made a part of the
Agreement and this Release and Waiver: 
  

	(a)	By this Release and Waiver, the Executive Releasors do not release or waive any right or claim which they may have under the Age Discrimination in Employment Act, as amended by the
Older Workers Benefit Protection Act, which arises after the date of execution of this Release and Waiver. 

  

	(b)	In exchange for this Release and Waiver, Whaley hereby acknowledges that he has received separate consideration beyond that to which he is otherwise entitled.

  

	(c)	The Executive acknowledges that he (i) has been represented by counsel of his choosing throughout any proceedings against the Solo Cup Investment Corp. and Solo Cup Company;
(ii) has carefully read the Agreement and this Release and Waiver in their entirety; (iii) understands their terms and conditions; (iv) has been advised by the Company to consult with his attorneys prior to executing the Agreement and
this Release and Waiver and has done so; (v) has been offered a reasonable and sufficient time in which to decide whether to execute the Agreement; (vi) executes the Agreement free from undue influence, duress or coercion from any party;
(vii) enters into the Agreement and this Release and Waiver voluntarily and of his own volition and free will; and (viii) agrees to be bound by the terms of the Agreement and this Release and Waiver. 

  

	(d)	Whaley understands that he may revoke this Agreement by hand-delivering his written intention to revoke to the General Counsel of the Company within seven (7) days after he
executes this Agreement. 

 4.3. Covenant Not to Sue. Whaley agrees and warrants that he will not commence or maintain
any action on any Claim released herein, nor will he allow or authorize any such action to be brought on his behalf. 
 4.4. Effective Date. This Agreement (including this Release and Waiver), shall become final
and binding on the eighth (8th) day after the execution by all parties of the Agreement; provided that Whaley
does not revoke his acceptance of the Agreement. 
 SECTION 5 
 COMPANY RELEASE AND WAIVER 
 5.1. Release and Waiver; Definitions. Except for a claim based on
Whaley’s willful misconduct, a claim based on Whaley’s willful violation of a state or federal law, or a claim for a breach of this Agreement, the Company, for and on behalf of itself and the other Company Releasors, releases and forever
discharges Whaley and the other Executive Releasees from any and all Claims based upon or arising out of any matter or thing whatsoever alleged to cause damage to the Company, occurring or arising on or before the date of this Agreement, including
but not limited to, Claims arising out of or relating to Whaley’s employment by the Company 

  

 -5- 

 
and its Affiliates (including, without limitation, his employment as President and Chief Operating Officer) and/or his service as a director of the Company
or its Affiliates and/or Whaley’s termination or resignation from such employment or service, and shall include, without limitation, Claims arising out of or relating to expense reimbursements to Whaley and Claims arising out of or relating to
repayment of amounts forgiven in Section 2.6 of this Agreement. 
 For purposes of this Release and Waiver, the terms set forth below shall have the
following meanings: 
  

	(a)	The term “Claims” shall include any and all rights, claims, demands, debts, dues, sums of money, accounts, attorneys’ fees, complaints, judgments, executions, actions
and causes of action of any nature whatsoever, cognizable at law or equity. 

  

	(b)	The term “Company Releasors” shall include the Company and its Affiliates. 

  

	(c)	The term “Executive Releasees” shall include Whaley and his family, heirs, executors, representatives, agents, insurers, administrators, successors, and assigns.

 5.2. Covenant Not to Sue. Company agrees that it will not commence or maintain any action on any Claim released
herein, nor will Company allow any such action to be brought on its behalf. 
 5.3.
Effective Date. This Agreement (including this Release and Waiver) shall become final and binding on the eighth (8th) day after the execution by all parties of the Agreement, provided that Whaley does not revoke his acceptance of the Agreement. 
 SECTION 6 
 MISCELLANEOUS 
 6.1. Amendment. This Agreement may be amended or canceled only by mutual agreement of the parties in writing without the consent of any other
person. Except as otherwise specified herein, no person, other than the parties hereto, shall have any rights under or interest in this Agreement or the subject matter hereof. 
 6.2. Successors and Affiliates. This Agreement shall be binding on, and inure to the benefit of, the Company and its successors and assigns and
any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. For purposes of this Agreement, the term “Affiliate” means (a) any
corporation, partnership, joint venture or other entity which, as of the Termination Date, owned, directly or indirectly, at least fifty percent of the voting power of all classes of stock of the Company (or any successor to the Company) entitled to
vote; and (b) any corporation, partnership, joint venture or other entity in which, as of the Termination Date, at least a fifty percent voting interest was owned, directly or indirectly, by the Company, by any entity that is a successor to the
Company, or by any entity that is an Affiliate by reason of clause (a) next above. 
 6.3. Effect of Breach. Whaley acknowledges
that the Company would be irreparably injured by his violation of subsections 3.2, 3.3, 3.4, and 3.5, and he agrees that the Company and its Affiliates, in addition to any other remedies available to it for such breach or threatened breach, shall be
entitled to a preliminary injunction, temporary restraining order, or other equivalent relief, restraining Whaley from any actual or threatened breach of such subsections. 
  

 -6- 

 6.4. Waiver of Breach. The waiver by either Whaley or the Company (or its Affiliates) of a breach
of any provision of this Agreement shall not operate as or be deemed a waiver of any subsequent breach by either Whaley or the Company. Continuation of benefits hereunder by the Company following a breach by Whaley of any provision of this Agreement
shall not preclude the Company from thereafter exercising any right that it may otherwise independently have to terminate said benefits based upon the same violation. 
 6.5. Severability. The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any other provision of this Agreement, and this Agreement will be
construed as if such invalid or unenforceable provision were omitted (but only to the extent that such provision cannot be appropriately reformed or modified). Provided, however, that Whaley understands and agrees that the obligations undertaken by
Whaley in Sections 3.5 and Section 4 of this Agreement are material and that the Company would not have reached this Agreement without those provisions. 
 6.6. No Admission. Neither the Company nor Whaley admits any fault, wrongdoing, or liability. Nothing contained in this Agreement, nor any action taken in connection with this Agreement shall constitute an
admission or evidence of fault, wrongdoing or liability by the Company or Whaley. 
 6.7. Other Agreements. Except as otherwise
specifically provided in this Agreement, this instrument constitutes the entire agreement between Whaley and the Company and supersedes all prior agreements and understandings, written or oral, including, without limitation, the Employment Agreement
and any other employment agreements that may have been made by and between Whaley and the Company or its predecessors or Affiliates. Except as otherwise specifically provided in this Agreement, or as independently imposed by law, as of the
Termination Date, all rights, duties and obligations of both Whaley and the Company pursuant to the Employment Agreement shall terminate. 
 6.8. Notices. Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid, or sent by
facsimile or prepaid overnight courier to the parties at the addresses set forth below (or such other addresses as shall be specified by the parties by like notice). Such notices, demands, claims and other communications shall be deemed given:

  

	(a)	in the case of delivery by overnight service with guaranteed next day delivery, the next day or the day designated for delivery; 

  

	(b)	in the case of certified or registered U.S. mail, five days after deposit in the U.S. mail; or 

  

	(c)	in the case of facsimile, the date upon which the transmitting party received confirmation of receipt by facsimile, telephone or otherwise; 

  

 -7- 

 provided, however, that in no event shall any such communications be deemed to be given later than the date they are
actually received. Communications that are to be delivered by the U.S. mail or by overnight service are to be delivered to the addresses set forth below: 
 to the Company: 
 Solo Cup Company 
 1700 Old Deerfield Road 
 Highland Park, IL. 60035 
 or to Whaley at the most recent home address shown in the records of the Company, with a copy to his counsel as follows: 
 Leslie A. Klein 
 Greenberg Traurig, LLP

 77 West Wacker Drive, Suite 2500 
 Chicago, IL 60601 
 Fax: (312) 899-0345 
 All notices to the Company shall be directed to the attention of the General Counsel of the Company, with a copy to the Secretary of the Company. Each party, by written notice furnished to the other party, may modify the applicable delivery
address, except that notice of change of address shall be effective only upon receipt. 
 6.9. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of Illinois, without regard to the conflict of law provisions of any state. Any disputes between Whaley and the Company with respect to matters covered by the Agreement that cannot be resolved by
the parties will be litigated in federal court in Illinois if the prerequisites for diversity jurisdiction are met. If the federal court does not have jurisdiction over the dispute, the controversy will be resolved through the Illinois state court
system. 
 6.10. Presumption. This Agreement and any provisions thereof shall not be construed against Whaley or the Company due to
the fact that said Agreement or provision was drafted by Whaley or the Company. 
 6.11. Release and Waiver is Knowing and Voluntary.
Whaley intends the Release and Waiver he gives in this Agreement to be fully enforceable. To that end, Whaley confirms that (a) he has read and understood the provisions of this Agreement; (b) he has been represented by counsel of his
choosing throughout the negotiation of this Agreement; (c) he finds the Agreement to be understandable or has received explanation from his counsel that has enabled him to understand the Agreement; (d) he understands that the Release and
Waiver refers to rights under the Age Discrimination in Employment Act, among others; (e) this Agreement does not waive rights that arise after the date of this Agreement; (f) he has been permitted up to twenty-one (21) days to
consider the terms of this Agreement and decide whether or not to enter into this Agreement; (g) he understands that he may revoke this Agreement within seven (7) days after he signs this Agreement by delivering written notice of his
revocation to Marcia Goodman, Mayer, Brown, Rowe & Maw LLP, 71 S. Wacker Drive, Chicago, IL 60606 and that, unless he delivers such revocation, this Agreement will remain final and binding. 
  

 -8- 

 6.12. Counterparts. This Agreement may be executed in more than one counterpart, but all of which
together will constitute one and the same agreement. 
  

					
	Accepted and agreed to:	 		 	
		
	 /s/ Ronald L. Whaley
	 	Solo Cup Company
	Ronald L. Whaley	 		 	
		 	By:	 	 /s/ Robert M. Korzenski

	Date: 2-9-2007	 	Its:	 	CEO
		 	Date:	 	2-11-07
		
		 	Solo Cup Investment Corporation
			
		 	By:	 	 /s/ Robert M. Korzenski

		 	Its:	 	CEO
		 	Date:	 	2-11-07

  

 -9- 

 EXHIBIT A 
 [Schedule of Benefits] 
  

 -10- 

 EXHIBIT B 
 Restrictions. Whaley agrees he will remain subject to the restrictions of Article VIII of the Employment Agreement (which relates to confidentiality, competition, and certain other restrictions). Provided, however, that in the event
that Whaley wishes to provide services to a company that would otherwise not be permitted under Article VIII of the Employment Agreement, Whaley may provide advance written notice to the Company, informing the Company as to the entity for which he
proposes to perform services and the general nature of the services to be performed, and the Company may waive the application of Article VIII, which waiver may not be unreasonably withheld by the Company and which waiver will be confirmed or
refused by the Company within five (5) business days of receipt of written notice from Whaley as provided for herein. Notwithstanding anything else contained in this Agreement, Whaley shall be permitted, during the time that Article VIII of the
Employment Agreement remains in effect, to disclose the language of this section 3.2 in the form provided in Exhibit B to this Agreement, to a company for which he proposes to perform services. 
  

 -11-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]