Document:

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Exhibit 10.12

                                 LOAN AGREEMENT

This Loan Agreement is made between Jerry T. McDowell (the "Executive") and
Alltrista Corporation (the "Company").

WHEREAS, the Executive has been and continues to be a valued key executive of
the Company;

WHEREAS, the Executive and the Company have entered into an Agreement to Forego
Compensation (the "Agreement") under which the Executive has agreed to forego
certain compensation; and

WHEREAS, in consideration for the Executive entering into the Agreement, the
Company has agreed, pursuant to this Loan Agreement, to make a loan to the
Executive.

NOW THEREFORE, in consideration for the aforementioned promises, and for other
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows, intending to be legally bound.

1.   The Company agrees to loan $1,815,439.56 to the Executive with interest at
     the Applicable Federal Rate (AFR) provided for in Internal Revenue Code
     (S)7872(f)(2)(A) in effect at the time the loan is made, with a portion of
     the loan principal in an amount to be determined by the Company to be used
     by the Executive to pay a premium on a life insurance policy on the lives
     of the Executive and his spouse.

2.   The terms of the loan shall be documented by a Promissory Note (the "Note")
     to be executed by the Company and the Executive.

IN WITNESS WHEREOF, the parties hereby execute this Agreement, intending to be
legally bound,

                                           Alltrista Corporation

 /s/ Jerry T. McDowell                     By: /s/ Thomas B. Clark
------------------------------------      --------------------------------------
  Jerry T. McDowell

  May 29, 2001                             May 29, 2001
------------------------------------      --------------------------------------
  Date                                     Date<PAGE>

Exhibit 10.13

                                PROMISSORY NOTE

Principal Sum: $ 1,815,439.56

Date:          May 31, 2001

Maker:         Jerry T. McDowell and Gaylean M. McDowell, or the survivor of
               them

Holder:        Alltrista Corporation

FOR VALUE RECEIVED, the undersigned Maker promises to pay to the order of the
Holder the Principal Sum, plus interest from the date hereof until the date paid
at the rate of 5.36% per annum, compounded semi-annually. The Maker agrees that
a portion of the Principal Sum shall be used to pay a premium on a life
insurance policy insuring the lives of Jerry T. McDowell and Gaylean M. McDowell
(the "Policy"). The date of this note shall be the date on which the Holder pays
the Principal Sum to the Maker.

The entire Principal Sum, plus accrued interest thereon, shall be due and
payable within ninety (90) days following the death of the last surviving Maker.
All payments hereon shall be made in lawful money of the United States of
America to the order of the Holder at Suite 440, 5875 Castle Creek Parkway,
North Drive, Indianapolis, IN 46250-4330 or at such other place as the Holder
may designate in writing to the Maker from time to time. This Note may be
prepaid by the Maker in whole or in part at any time without penalty or premium.
If any payment due is not paid within ten (10) business days of the due date,
such overdue amount shall bear interest from and after the due date until paid
in full at the rate of 10% per annum, compounded annually, or at the maximum
rate permitted by law, whichever is less.

The Maker agrees that the Policy shall be owned solely by the Maker (or the last
survivor of them), that the estate of the last surviving Maker shall be
designated as beneficiary to receive the Policy death benefit or any benefit
paid at policy maturity, and that no other person or entity will have any
interest in the policy, except as otherwise provided herein. Also, Maker shall
not surrender the Policy, in whole or in part, withdraw cash value from or
borrow from the Policy, or otherwise pledge or encumber the Policy, except as
expressly permitted by the Terms of the Note. Maker further agrees that the
entire Principal Sum and accrued interest shall become immediately due and
payable, without any further demand or notice, all of which are expressly
waived, upon the occurrence of any of the following events:

(1) The Policy is not issued and the entire premium paid within ninety (90) days
    of the date of this Promissory Note, except that this period can be extended
    up to an additional sixty (60) days upon written agreement of the Holder and
    Maker.

                                      -1-
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(2)  The Maker attempts to transfer all or any part of its interest in the
     Policy to any other party without the prior written consent of the Holder.

(3)  The Maker surrenders the Policy in whole or in part, or borrows from or
     withdraws cash value from the Policy without the prior written consent of
     the Holder.

(4)  The Maker reduces the face amount of the Policy without the consent of the
     Holder, but only if the face amount reduction results in a distribution of
     policy cash values.

The Maker shall not be responsible for paying any additional amounts as Policy
premiums, even if it becomes necessary to do so to prevent the Policy from
lapsing.  However, the Maker, or any other party acting on behalf of the Maker,
may pay additional Policy premiums as it elects.

The Holder may transfer or assign its rights under this Note to any individual
or entity without the consent of the Maker.  However, notice of any such
transfer or assignment shall be given to the Maker by the Holder.

At any time while this Promissory Note is outstanding, the Holder may require
the Maker to designate the Holder as beneficiary of the entire Policy death
benefit, or, if less, the outstanding balance due under this Promissory Note,
including any accrued and unpaid interest.  Upon the Maker's receipt of a
written request from the Holder that the Holder be so designated, the Maker
shall, by policy endorsement filed with and recorded by the insurer that issues
the Policy, provide for the Holder to receive such portion of the Policy death
Benefit from the insurer when such amount becomes payable under the Policy.

The Maker hereby waives presentment, demand for payment, notice of default and
notice of protest.  The Maker agrees to pay on demand all losses, costs and
expenses incurred by the Holder in connection with the enforcement of this Note.

This Note shall be governed by and construed in accordance with the laws of the
state of Indiana.

IN WITNESS WHEREOF, the undersigned parties have caused this Note to be duly
executed under seal as of the date first above written.

 Holder                                      Maker

 By: /s/ Thomas B. Clark                     /s/ Jerry T. McDowell
------------------------------------        ------------------------------------
 Alltrista Corporation                        Jerry T. McDowell

                                             /s/ Gaylean M. McDowell
                                            ------------------------------------
                                              Gaylean M. McDowell

                                      -2-<PAGE>

Exhibit 10.14

                   Amendment to Change in Control Agreement
                   ----------------------------------------

     AGREEMENT, dated as of June 21, 2001 by and between Alltrista Corporation
(the "Company") and one ________________ (the "Executive").

     WHEREAS, the Company and the Executive had entered into that certain letter
agreement dated as of February 17, 1997 (the "Prior Agreement").

     WHEREAS, the Company and the Executive desire to amend the Prior Agreement.

     NOW, THEREFORE, the Company and Executive hereby agree as follows:

     1.   Section 1 of the Prior Agreement is amended by adding to the end of
such section the following provision, and provided further, that notwithstanding
the foregoing (including any notice by the Corporation that it does not wish to
extend this Agreement), the provisions of Section 6 of this Agreement (and the
sections of the Agreement referenced therein, to the extent necessary to carry
out the provisions of said Section 6) shall continue in effect indefinitely
unless terminated by the mutual agreement of you and the Corporation."

     2.   Section 2(ii) of the Prior Agreement is amendment by deleting the
parenthetical phrase therein and substituting therefore the following:

     "(other than a director whose initial assumption of office is in connection
     with an actual or threatened election contest, including but not limited to
     a consent solicitation, relating to the election of directors of the
     Company, including but not limited too Messrs. Martin E. Franklin and Ian
     G.H. Ashken)."

     3.   Section 4(iv)(e) and (f) of the Prior Agreement are amended by adding
the phrase "as the same may be increased from time to time" after the phrase
"Change in Control of the Corporation" in each place such latter phrase appears
in such sections.

     4.   The Prior Agreement is hereby amended by adding a new Section 6
thereto to read as follows, and by changing all Section references in the Prior
Agreement accordingly:

     "6. Compensation Upon Termination Prior to a Change in Control. Prior to a
     Change in Control of the Corporation, you shall be entitled to the
     following benefits upon termination of your employment, provided that such
     termination occurs during the term of this agreement:

          (i) if your employment by the Corporation shall be terminated by you
          on account of Constructive Termination (as defined in Section 4(iv)
          above and as modified below) or by the Corporation other than for
          Cause (as defined in Section 4(iii) above), then you shall be
          entitled to the benefits described in Section 5(iii) above, provided
                                                                       --------
          however, that for this Section 6 (a) the definition of Constructive
          -------
          Termination shall be modified by deleting all references therein to "a
          Change in Control of the Corporation," "the Change in Control of the
          Corporation" and all similar references and replacing them with "June
          21, 2001" and (b) Section 5(iii) shall be deemed to be modified by (x)
          substituting the number 1 for the number 3 each time the latter
          appears therein and substituting the number 12 for the number 36 each
          time the latter appears therein and (y) disregarding all references
          therein to "Change in Control of the Corporation."

     IN WITNESS WHEREOF, the Company and the Executive have caused this
Agreement to be executed this _____ day of ______, 2001.

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                                           ALLTRISTA CORPORATION

_______________________________            _______________________
(Alltrista Corporation Officer             Patrick W. Rooney
                                           Chairman, Executive Compensation
                                            Committee

                                           _______________________
                                           (Executive)

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