Document:

EX-10.30

 Exhibit 10.30 
 RESTRICTED STOCK UNIT AGREEMENT 
 (Stock Leverage Opportunity Award)

 AGREEMENT dated as of March 9, 2012 between SEALED AIR CORPORATION, a Delaware corporation (the
“Corporation”), and                              (the “Employee”). 

The Employee is now in the employ of the Corporation or one of its Subsidiaries and was selected by the Organization and Compensation
Committee (the “Committee”) of the Board of Directors of the Corporation to be given a leveraged opportunity to receive an award of Restricted Stock or Restricted Stock Units under the 2005 Contingent Stock Plan of Sealed Air Corporation
pursuant to the Stock Leverage Opportunity (SLO) provision of the Corporation’s Annual Incentive Plan for the 2011 calendar year. This award of Restricted Stock Units is made based on the portion of the Employee’s annual bonus award for
2011 elected by the Employee to be received as such under the SLO provision of the Annual Incentive Plan, the amount of the Employee’s annual bonus award for 2011 as approved by the Committee, and the 25% premium applicable to such award that
was approved by the Committee. 
 NOW, THEREFORE, the Corporation and the Employee mutually agree as follows: 

Section 1. Grant of Restricted Stock Units 
 Subject to the terms, conditions and restrictions set forth elsewhere in this Agreement, the Corporation hereby grants to the Employee a grant of *
             * Restricted Stock Units. The Restricted Stock Units are granted under the 2005 Contingent Stock Plan of Sealed Air Corporation (as amended and in effect from time to time, the
“Plan”), and the grant is subject to the provisions of the Plan, which is made a part of this Agreement, as well as to the provisions of this Agreement. All capitalized terms have the meanings set forth in the Plan unless otherwise
specifically provided in this Agreement. 

 Section 2. Period of Restriction and Forfeiture of Restricted Stock Units 

The Period of Restriction applicable to the Restricted Stock Units granted under this Agreement begins on the date of this Agreement and
ends on the second anniversary of that date, except that the Period of Restriction shall end earlier upon termination of employment following a Change in Control in the circumstances described in Section 7 (iii) of the Plan. During the
Period of Restriction, the Restricted Stock Units granted under this Agreement shall be forfeited on the Date of Termination of the Employee with the Corporation or any of its Subsidiaries other than as a result of the Employee’s death,
Disability or Retirement. No later than 90 days following the Date of Termination, the Committee may determine not to seek forfeiture of all or part of the Restricted Stock Units and to permit the Restricted Stock Units to vest immediately (in whole
or in part) or to continue to vest during the remainder of the original Period of Restriction subject to satisfaction of conditions specified by the Committee. Until the end of the applicable Period of Restriction or the earlier occurrence of the
Employee’s death, Disability or Retirement, neither the Restricted Stock Units nor any interest in this Agreement or the shares of Common Stock to be issued upon vesting of the Restricted Stock Units shall be sold, transferred, pledged or
encumbered. “Retirement” for the purpose of this Agreement shall mean termination of Employee status after five or more years of employment with the Corporation and its Subsidiaries and as of the Retirement date the number of years of
employment plus the age of the Employee equals 70 or more, provided that Retirement shall not include termination of employment by the Corporation or any of its Subsidiaries for Cause. 
 Section 3. Effect of Forfeiture 
 The Employee shall have no
further rights with respect to Restricted Stock Units that are forfeited from and after the date of forfeiture, including no further right to have shares of Common Stock issued or to receive dividend equivalents with respect to such Restricted Stock
Units. 

  
 2 

 Section 4. Issuance of Shares of Common Stock Upon Vesting 

At the end of the Period of Restriction or at the earlier occurrence of the Employee’s death, Disability or Retirement, provided that
the Restricted Stock Units have not been forfeited previously, the Corporation shall issue and deliver to the Employee (or to the Employee’s estate, in the event of the Employee’s death) either a certificate or certificates or a statement
in book entry form representing one share of Common Stock for each Restricted Stock Unit that has vested. Shares will be issued as soon as administratively practicable after the Period of Restriction has ended, generally within 30 days. 

Section 5. Ownership Rights 
 During the Period of Restriction, the Employee shall not be entitled to voting rights with respect to the Restricted Stock Units covered by this Agreement, nor to the right to receive cash dividends. The
Committee has agreed that, on or about the date that shares of Common Stock are issued to the Employee under Section 4 above, the Corporation shall make a payment of dividend equivalents to the Employee in cash equal to the aggregate amount of
cash dividends (without interest) that would have been paid to the Employee prior to the date of issuance if such shares had been issued to the Employee on the date of this Agreement, provided that the amount of the dividend equivalents
payment will be adjusted appropriately if any of the transactions noted in Section 9 have occurred prior to issuance of the shares. 

Section 6. Securities and Other Regulations 
 The Corporation shall not be required to deliver any shares of Common Stock upon vesting of any Restricted Stock Units or to take any other action until the requirements of any federal, state or foreign
securities law, rules or regulations or other applicable laws or rules (including the rules of any securities exchange) as may be determined by the Corporation to be applicable are satisfied. 

  
 3 

 Section 7. Registration of Shares 

The Corporation shall be under no obligation to register any shares of Common Stock issued or to be issued with respect to the Restricted
Stock Units covered by this Agreement under the Securities Act of 1933. 
 Section 8. No Rights in Common Stock 

Following vesting and except as provided in Section 5, the Employee shall not have any interest in or be entitled to any voting
rights or dividends or other rights or privileges of stockholders of the Corporation with respect to any shares of Common Stock to be issued with respect to the Restricted Stock Units granted under this Agreement until such shares of Common Stock
are actually issued to the Employee and then only from the date the Employee becomes the record owner thereof. 
 Section 9.
Adjustments 
 In the event of changes in corporate capitalization, such as a stock dividend, split-up, combination of
shares, or reclassification, or a corporate transaction, such as a merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Corporation, any reorganization, or any partial or complete liquidation of
the Corporation after the date of this Agreement and before shares of Common Stock are issued with respect to the Restricted Stock Units covered by this Agreement, appropriate adjustments shall be made by the Committee as to the number and class of
shares that may be issued under the Plan and in the number and class of and/or price of shares subject to outstanding grants made under the Plan, including the Restricted Stock Units covered by this Agreement, as may be determined to be appropriate
and equitable by the Committee, in its sole discretion, to prevent dilution or enlargement of rights. 

  
 4 

 Section 10. Action by Corporation 

Neither the existence of this Agreement nor the grant of Restricted Stock Units under this Agreement shall impair the right of the
Corporation or its stockholders to make or effect any of the adjustments, recapitalizations or other changes in the Common Stock referred to in Section 9, any change in the Corporation’s business, any issuance of debt obligations or stock
by the Corporation or any grant of options with respect to stock of the Corporation. 
 Section 11. Corporation’s Right to
Terminate Employment 
 Nothing contained in this Agreement shall confer upon the Employee a right to continue in the employ
of the Corporation or any of its Subsidiaries or interfere in any way with the right of the Corporation or any of its Subsidiaries to terminate the employment of the Employee at any time, whether with or without cause. 

Section 12. Not a Contract of Employment; No Acquired Rights 
 Neither the Plan nor this Agreement shall be deemed to be a contract of employment between the Corporation or any of its Subsidiaries and the Employee. The grant of Restricted Stock Units and the right to
acquire shares of Common Stock under the Plan upon vesting does not create any obligation on the part of the Corporation or the Employee’s employer to make additional grants in the future and shall not constitute an acquired labor right for
purposes of any foreign law. The Employee recognizes the absolute right of his or her employer and of the Corporation to amend or cancel the Plan at any time subject to the terms of the Plan without thereby incurring any liability to the Employee.

 Section 13. Effect on Compensation 
 The grant of Restricted Stock Units under this Agreement shall not be deemed to be a part of the Employee’s salary or compensation for purposes of determining the Employee’s payments or benefits
under any benefit plan, severance program or severance pay law of the Corporation, any Subsidiary or any country. Neither the Plan nor the grant of Restricted Stock 

  
 5 

 
Units under the Agreement shall afford the Employee any additional right to severance payments or other termination awards or compensation under any foreign law as a result of the termination of
the Employee’s employment for any reason whatsoever. 
 Section 14. Tax-Related Items 

Regardless of any action the Corporation or the Employee’s employer takes with respect to any or all income tax, payroll tax or other
tax-related withholding (Tax-Related Items), the Employee acknowledges that the ultimate liability for all Tax-Related Items owed by the Employee is and remains the Employee’s responsibility and that the Corporation and/or the Employee’s
employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the grant of Restricted Stock Units, including the grant and vesting of the Restricted Stock Units, the
subsequent sale of shares of Common Stock issued following the end of the Period of Restriction and the receipt of any dividends or dividend equivalents; and (ii) do not commit to structure the terms of the grant or any aspect of the Restricted
Stock Units to reduce or eliminate the Employee’s liability for Tax-Related Items. If the Corporation determines that it and/or the Employee’s employer must withhold any Tax-Related Items as a result of the Employee’s participation in
the Plan, the Employee agrees as a condition of the grant of the Restricted Stock Units to make arrangements satisfactory to the Corporation and/or the Employee’s employer to enable it to satisfy all withholding requirements, including, but not
limited to, withholding any applicable Tax-Related Items from the pay-out of the Restricted Stock Units. In addition, the Employee authorizes the Corporation and/or the Employee’s employer to fulfill its withholding obligations by all legal
means, including, but not limited to: withholding Tax-Related Items from the Employee’s wages, salary or other cash compensation the Employee’s employer pays to the Employee; withholding Tax-Related Items from the cash proceeds, if any,
received upon sale of any shares of Common Stock received in payment for the Restricted Stock Units; and at the time of payment, 

  
 6 

 
withholding shares of Common Stock sufficient to meet minimum withholding obligations for Tax-Related Items. The Corporation may refuse to issue and deliver shares of Common Stock in payment of
any earned Restricted Stock Units if the Employee fails to comply with any withholding obligation. 
 Section 15. Foreign
Indemnity 
 The Employee agrees to indemnify the Corporation and each of its Subsidiaries for the Employee’s portion of
any social insurance obligations or taxes arising under any foreign law with respect to the grant of Restricted Stock Units under this Agreement, the end of the Period of Restriction, the issuance of Common Stock with respect to the Restricted Stock
Units, or the sale or other disposition of such Common Stock. 
 Section 16. Injunctive Relief 

In addition to any other rights or remedies available to the Corporation as a result of the breach of the Employee’s obligations
hereunder, the Corporation shall be entitled to enforcement of such obligations by an injunction or a decree of specific performance from a court with appropriate jurisdiction and, in the event that the Corporation is successful in any suit or
proceeding brought or instituted by the Corporation to enforce any of the provisions of this Agreement or on account of any damages sustained by the Corporation by reason of the violation by the Employee of any of the terms and conditions of this
Agreement to be performed by the Employee, the Employee agrees to pay to the Corporation all costs and expenses including attorneys’ fees reasonably incurred by the Corporation. 
 Section 17. Interpretation 
 The Employee agrees that all
questions of interpretation and administration of this Agreement shall be determined by the Committee in its sole discretion and such determination shall be final, binding and conclusive upon him or her. If the Committee is not acting, its functions
may be performed by the Board of Directors of the Corporation, and each reference in this Agreement to the Committee shall, in that event, be deemed to refer to the Board of Directors. 

  
 7 

 Section 18. Severability 

If any provision of this Agreement shall be held illegal, invalid or unenforceable for any reason, such provision shall be fully
severable, but shall not affect the remaining provisions of this Agreement, and this Agreement shall be construed and enforced as if the illegal, invalid, or unenforceable provision had never been included. 

Section 19. Notices 
 Any notice which either party hereto may be required or permitted to give to the other shall be in writing and, except as otherwise required herein, may be delivered personally or by mail to the
Corporation at 200 Riverfront Boulevard, Elmwood Park, New Jersey 07407, attention of the Secretary of the Corporation, or to the Employee at the address set forth below or at such other address as either party may designate by notice to the other.

 Section 20. Successors 
 The provisions of this Agreement shall be binding upon and inure to the benefit of all successors of the Employee, including, without limitation, his or her estate and the executors, administrators or
trustees thereof, his or her heirs and legatees and any receiver, trustee in bankruptcy or representative of his or her creditors. 

Section 21. Applicable Law 
 The Plan and this Agreement shall be construed, administered, regulated and governed in all respects under and by the laws of the United States to the extent applicable, and to the extent such laws are
not applicable, by the laws of the State of Delaware. 
 Section 22. Recoupment Policy 

This award of Restricted Stock Units is subject to the Corporation’s Policy on Recoupment of Incentive Compensation, a current copy
of which is attached. 

  
 8 

 Section 23. Section 409A 

As provided by Section 24 of the Plan, to the extent that Code Section 409A applies to this award, the Plan and this Agreement
are intended to comply with Code Section 409A, and official guidance issued thereunder. Notwithstanding any provision of this Agreement or the Plan to the contrary, this Agreement and the Plan shall be interpreted, operated and administered
consistent with this intent. In that regard, and notwithstanding any provision of this Agreement or the Plan to the contrary, the Corporation reserves the right to amend this Agreement, by action of the Committee, without the consent of the
Employee, to the extent deemed necessary or appropriate for purposes of maintaining compliance with Code Section 409A and the regulations promulgated thereunder. In addition, any payments under this Agreement in connection with the
Employee’s termination of employment shall not be made earlier than six (6) months after the Date of Termination to the extent required by Code Section 409A(a)(2)(B)(i). For purposes of this Agreement, the “Date of
Termination” shall be determined in accordance with the requirements of Code Section 409A, the regulations promulgated thereunder, and any related administrative policies of the Corporation. 

IN WITNESS WHEREOF, the parties have entered into this Restricted Stock Unit Agreement as of the day and year first above written.

  

			
	SEALED AIR CORPORATION
		
	By	 	  

		
		 	Interim Chief Financial Officer

  

	
	[Corporate Seal]
	
	Attest:
	
	  

	Secretary

  
 9 

 
			
	  
	 	[L.S.]
	 Employee
	 	
		
	Address of Employee:	 	
	
	  

	
	  

			
		
	Home Telephone No.	 	  

  
 10 

 SEALED AIR CORPORATION 

POLICY ON RECOUPMENT OF INCENTIVE COMPENSATION 
 FROM EXECUTIVES IN THE EVENT OF CERTAIN RESTATEMENTS 
 As amended for performance
periods beginning on or after January 1, 2010 
 The Organization and Compensation Committee of the Board of Directors has approved the
policy that the Company will, to the extent permitted by governing law, require reimbursement to the Company of all or a portion of any annual incentive compensation (whether payable in cash or by an award under the 2005 Contingent Stock Plan) and
any Performance Share Units awards under the 2005 Contingent Stock Plan awarded to any executive officer of the Company or to the leader of any business unit or function of the Company for performance periods beginning on or after January 1,
2010, where: 
  

	 	(a)	the payment or award was predicated upon the achievement of certain financial results that were subsequently the subject of a restatement due to error or misconduct
(regardless of the executive officer’s or leader’s responsibility for such error or misconduct), and 

  

	 	(b)	either no payment or award, or a lower payment or award, would have been made to the officer or leader based upon the restated results. 

In each case, upon a determination to seek recovery by the Board of Directors, the Company will, to the extent practicable, seek to recover the amount by
which the officer’s or leader’s annual incentive compensation and/or Performance Share Units award for the relevant period exceeded the lower amount that would have been paid or awarded (or the entire amount, if nothing would have been
paid or awarded). This may include the cancellation of all or a portion of unvested awards or unpaid awards (or a delay in payment of any such awards while financial results are under review by the Company). 

In addition, any person who is subject to forfeiture of compensation or profits from the sale of the Company’s securities under Section 304 of
the Sarbanes-Oxley Act of 2002 shall reimburse the Company the amount of such compensation and profits. 
 In addition to these reimbursements,
the Company may take any other actions that it deems appropriate to remedy any fraud or misconduct related to the restatement based on a consideration of the relevant facts and circumstances. These remedies would be in addition to any actions
imposed by law enforcement agencies, regulators, or other authorities. 
 2/18/2010 

  
 11EX-10.43

 Exhibit 10.43 
 [Sealed Air Corporation letterhead] 
 August 28, 2012 

Jerome A. Peribere 
 [intentionally omitted] 
 Dear Jerome, 

On behalf of Sealed Air Corporation (the “Company,” “we” or “us”), I am pleased to confirm with you the
terms of our offer of employment. 
  

	1.	Start Date, Position and Duties. Your start date will be September 1, 2012. You will have the title of President and Chief Operating Officer of
the Company. In that position, you will report to the Chairman and Chief Executive Officer of the Company. You will have such duties and responsibilities as may be assigned to you from time to time by the Chairman and Chief Executive
Officer, including without limitation oversight of strategy and operations for all lines of business as well as supply chain and research and development. In addition, you will co-chair the senior management steering committee for the Diversey
Integration. 

 You will also be appointed to the Board of Directors of the Company (the “Board”)
effective with your start date. We will use our best efforts to cause your nomination for election to the Board for future years while you serve as President and Chief Operating Officer or Chief Executive Officer. 

You will be transitioned to the position of President and Chief Executive Officer of the Company, reporting to the Board, beginning
effective March 1, 2013. In that position, the Chief Financial Officer, General Counsel and all other functional leaders will also report to you. 
 The location of your position will be at the Company’s headquarters in Elmwood Park, NJ. You will be expected to relocate and establish a primary residence in proximity to the Company’s
headquarters as soon as practicable after your start date, but not later than one year after the start date. You will be eligible for standard benefits under the Company’s relocation policy. 

 During your employment, you (i) will devote substantially all your working time and
attention to the business and affairs of the Company (excluding any vacation and sick leave to which you are entitled), render such services to the best of your ability, and use your reasonable best efforts to promote the interests of the Company,
(ii) will not engage in any other employment, consulting or other business activity that would create a conflict of interest with your services to the Company, (iii) will not assist any person or entity in competing with the Company or in
preparing to compete with the Company and (iv) will comply with the Company’s policies and rules, as they may be in effect from time to time. Notwithstanding the foregoing, you will be entitled to (A) serve on the boards of such
organizations (both for profit or non-profit) on which you currently serve as previously communicated to us, (B) serve on civic or charitable boards or committees, (C) deliver lectures or fulfill speaking engagements, or (D) manage
personal investments, so long as, in each such case, such activities do not (a) significantly interfere with the performance of your responsibilities as an employee of the Company, or (b) create a conflict of interest with your services to
the Company. 
  

	2.	Term. The initial term of your employment will be for a period of four years, commencing on your start date (the “Initial Term”). Your
employment will then be renewed automatically for additional one year periods commencing on the last date of the Initial Term, and on each one year anniversary date thereafter (each subsequent one year period together with the Initial Term,
hereinafter collectively the “Term”), unless either the Company or you provides the other party with written notice at least 90 days prior to the last date of the Initial Term or any subsequent Term stating that your employment will not be
renewed.

 The Term of your employment may be ended earlier as follows: (i) the Term will end automatically
upon your death or permanent and total disability; (ii) the Term will end upon your voluntary termination of employment and you agree in that circumstance to provide the Company with prior written notice at least 90 days in advance of your
termination date; (iii) the Term will end immediately upon the Company’s termination of your employment for cause; and (iv) the Term will end upon the Company’s termination of your employment without cause provided that
(A) the Company provides you with at least 90 days prior written notice and (B) if such termination of employment without cause occurs during the Initial Term, the Company provides you with cash severance payments described in
Section 4 below. For purposes of this letter, “cause” means any of the following as determined by the Company: (i) an act of gross negligence or willful misconduct significantly injurious to the Company or any subsidiary,
(ii) gross dereliction of duties after notice to you and failure to correct the deficiencies within a thirty (30) day period thereafter, or (iii) fraud in your capacity as an employee. 

 

	3.	Initial Equity Awards. We will provide you with the following equity awards under the Company’s 2005 Contingent Stock Plan (or any successor plan) (the
“Stock Plan”) in connection with your acceptance of this offer. These awards have been approved by the Organization and Compensation Committee of the Board (the “OCC”), subject to your accepting this offer and commencing
employment. These awards will be evidenced by formal award agreements, which will be the governing documents for your awards. 

	 	•	 	 Performance Share Units. You will receive two awards of Performance Share Units under which you may earn up to 350,000 shares of our common
stock based on our performance. The following summarizes the key features of the awards: 

  

	 	•	 	 Performance will be based on our total stockholder return (“TSR”) relative to our peer group, determined in a manner consistent with the
relative TSR metric in our 2012-2014 Performance Share Units awarded earlier this year. 

  

	 	•	 	 Under the first award, there will be four separate tranches of 25,000 shares each (for a total of 100,000 shares) that become earned based on our
relative TSR for the four consecutive 12-month performance periods ending on August 31 in each of 2013, 2014, 2015 and 2016. The shares for a tranche are earned if our relative TSR for the applicable 12-month performance period is at or
above median of the peer group. Any shares that become earned based on TSR performance for a performance period will be vested and settled by delivery of shares on August 31, 2016 (or earlier in case of death or disability before that
date), provided that any such shares will be forfeited if, following the performance period but before August 31, 2016, your employment is terminated by the Company for cause (as defined below) or you breach any of the covenants in
Section 5 below, including covenants in any Company agreements regarding protection of confidential information and ownership of trade secrets and inventions referenced in Section 5 below. Such shares (to the extent earned based on
TSR performance) shall not be forfeited for any other termination of employment after the applicable performance period. If your employment terminates during one of the 12-month performance periods due to death or disability, you will vest in a
pro rata portion of the shares for that tranche subject to TSR performance during that performance period, to be settled immediately following the determination of TSR performance. For any other termination of employment during one of the
12-month performance periods, you will forfeit the shares for that tranche and the tranche for any remaining 12-month performance period commencing after that date. 

 

	 	•	 	 Under the second award, you will be eligible to receive up to an additional 250,000 shares based on cumulative TSR through August 31, 2016 and our
stock price, as follows: (i) if cumulative TSR on August 31, 2016 is in the top 40% of peers and the stock price is at or above $30 per share on that date, an additional 150,000 shares will be earned; (ii) if cumulative TSR on
August 31, 2016 is in the top 40% of peers and the stock price is at or above $35 per share on that date, an additional 200,000 shares will be earned; or (iii) if cumulative TSR on August 31, 2016 is in the top 33% of peers and
the stock price is at or above $40 per share on that date, an additional 250,000 shares will be earned. This award will be subject to our standard employment termination provisions. Under these provisions, if your employment terminates for any
reason other than death or disability before August 31, 2016, you will forfeit the award. In case of death or disability, you will be eligible to receive a pro rata portion of the award subject to the applicable performance requirements.

	 	•	 	 Time-Based Restricted Stock. You will receive awards of Restricted Stock under the Stock Plan, as follows: 

 

	 	•	 	 To compensate you for reduced pension benefits as a result of accepting our offer, you will receive a Restricted Stock award for 50,000 shares
effective as of your start date. In addition, you will receive a Restricted Stock award for 25,000 shares on the first anniversary of your start date. 

 

	 	•	 	 Each Restricted Stock award will vest in full (i.e., cliff vest) on the third anniversary of the applicable grant date provided you remain employed
with us through the applicable vesting date. These awards will be subject to our standard employment termination provisions in effect at the time of grant. Under these provisions currently, if your employment terminates for any reason
other than death or disability before the vesting date, you will forfeit the award. In case of death or disability, you will vest in full. For the award described above to be granted on the first anniversary of your start date, you must be
employed with us on the applicable grant date to receive the award, and you will not be compensated for such award if your employment terminates for any reason before the applicable grant date (including in case of death or disability).

  

	4.	Ongoing Compensation and Benefits. We will provide you with the following compensation and benefits during your employment: 

 

	 	•	 	 Base Salary: You will receive base salary at the annual rate of $950,000, payable in accordance with the Company’s regular payroll
practices. At least annually, the OCC will consider whether, in its discretion, to increase, but not decrease, your rate of base salary, based on market trends, internal considerations, performance or such other factors as the OCC may
determine. 

  

	 	•	 	 Annual Bonus. Each year you will be eligible for consideration for an annual bonus in a target amount equal to 110% of your base salary and
a maximum amount of 200% of your target. Your 2012 bonus opportunity will be based on your full annual rate of base salary (i.e., not pro rated). Your actual bonus amount will be determined by the OCC based on its review of your
performance in accordance with the Company’s annual bonus program for senior executives as in effect from time to time, provided that for 2012 your annual bonus will not be less than 50% of your target. 

	 	•	 	 Long-Term Incentives. You will receive long-term incentives in accordance with the Company’s long-term incentive program for senior
executives as in effect from time to time as determined by the OCC in its discretion, taking into account factors such as market practice, cost, performance and such other factors as determined appropriate by the OCC. For 2012, you will receive
an award of 2012-2014 Performance Share Units under the Stock Plan as soon as practicable after your start date with a target grant date value of $2.0 million (based on a $4.0 million full year target pro rated by 50%). Notwithstanding any
other provision of any such award to the contrary, the following special retirement provisions shall apply to your long-term incentive awards: if you retire from the Company upon the completion of the Initial Term or any time thereafter in
accordance with the provisions of Section 2 above (including any required notice of retirement by you), then any outstanding long-term incentive awards will continue to vest in accordance with their original vesting schedule without any pro
rata adjustment for the period of service completed but subject to any applicable performance conditions. Such special retirement provisions shall not apply if the Company terminates your employment for cause or determines that your employment
could have been terminated for cause. In addition, payment per the original vesting schedule following retirement is conditioned on your compliance with the covenants set forth in Section 5 below, including covenants in any Company agreements
regarding protection of confidential information and ownership of trade secrets and inventions referenced in Section 5 below.

  

	 	•	 	 Benefits. During the Term, you will be entitled to participate in all retirement, health and welfare, vacation and other benefit plans and
arrangements generally available to other senior executives of the Company in accordance with the terms and provisions of such plans. In that regard, for purposes of the Company’s applicable vacation program you will be treated as having
thirty-five years of service as of your start date. In addition, the Company will work with you to develop as soon as practicable a deferral program for your salary and annual cash bonus awards, subject to the requirements of Section 409A
of the Internal Revenue Code (“Section 409A”).

  

	 	•	 	 Severance and Change in Control Benefits. You will be eligible to participate in any severance or change in control programs generally available
to senior executives, although currently no such programs are offered other than change in control provisions for equity awards under the Stock Plan.

 Notwithstanding the foregoing, if your employment is terminated by the Company without cause during the Initial Term as set forth in Section 2, you will be entitled to receive (A) a pro rata
annual bonus for the year of termination subject to actual performance, payable at the same time bonuses are normally paid, plus (B) cash severance equal to one year of salary and target annual bonus as in effect at the date of termination,
payable in equal installments over 12 months in accordance with the Company’s regular payroll practices. Each payment will be treated as a separate payment for purposes of determining whether such payments are considered

 
nonqualified deferred compensation within the meaning of Section 409A. In the event any such payment is determined to constitute nonqualified deferred compensation subject to
Section 409A, then to the extent necessary to comply with Section 409A, such payment shall not be made, provided or commenced until six months after your termination date. Payment of such amounts are conditioned upon (i) your
providing the Company within 60 days after your termination of employment with a release of claims on such form as customarily used by the Company and (ii) your compliance with the covenants set forth in Section 5 and in any agreements you
have entered into regarding protection of confidential information and ownership of trade secrets and inventions. 
  

	 	•	 	 Business Expenses. We will reimburse you for reasonable and necessary travel and accommodation costs, entertainment and other business
expenses incurred as a necessary part of discharging your duties hereunder, subject to our standard expense reimbursement policies.

  

	5.	Covenants. You will protect the Company’s confidential and proprietary information, and in that regard you agree to enter into standard Company
agreements regarding protection of confidential information and ownership of trade secrets and inventions. In addition, the following covenants will apply: 

 

	 	•	 	 Non-Competition. For 18 months following your termination of employment with us, you shall not, without the prior written consent of the
Board, (i) either directly or indirectly compete with or in any way engage your talents for the benefit of a competitor of the Company or any of its affiliates (collectively, “Sealed Air”) in any capacity related directly or
indirectly to any aspect of your past employment with us in any location where Sealed Air engages in business or (ii) act as an officer, director, employee, consultant, partner or stockholder owning more than five percent of a corporation,
business or enterprise that is in the business of designing, developing, manufacturing, selling, servicing or promoting a product or service that competes with any of the products or services manufactured, sold or under development by Sealed Air
during your employment by us. You acknowledge and represent that your background and experience adequately qualifies you to engage in other profitable lines of endeavor and that you will not be subject to undue hardship by reason of this
non-competition commitment. 

  

	 	•	 	 Non-Solicitation of Customers. For a period of 18 months following your termination of employment with us, you shall not solicit, entice,
persuade, or induce any of Sealed Air’s clients or customers at any time during your employment with us to purchase products or services that are the same or similar to any product or service manufactured or sold by Sealed Air.

  

	 	•	 	 Non-Solicitation of Employees. For a period of 18 months following your termination of employment with us, you shall not without the
Board’s prior written consent, cause or attempt to 

	 	 
cause any employee, agent or contractor of Sealed Air to terminate his or her employment, agency or contractor relationship with Sealed Air; or interfere or attempt to interfere with the
relationship between Sealed Air and any employee, agent or contractor; or hire or attempt to hire any employee, agent or contractor of Sealed Air. 

  

	 	•	 	 Non-Disparagement. Following your termination of employment with us, you agree that you will not make any disparaging or derogatory remarks
or statements about the Company, or the Company’s current and former officers, directors, shareholders, principals, attorneys, agents or employees. The Company agrees that it will not make any disparaging or derogatory remarks or
statements about you or your employment with Company. Remarks or statements made by any officer, director, shareholder, principal or employee of the Company to any other officer, director, shareholder, principal, or employee of the Company shall not
be covered by this covenant. In the event a prospective employer contacts the Company by any means to verify your employment, the only information that the Company, and its agents or employees will provide will be your hire date, date of
resignation, last position held and, upon your request, relevant compensation information. Notwithstanding the foregoing, nothing in this letter shall preclude you or us from making truthful statements that are required by applicable law, regulation
or legal process. 

  

	 	•	 	 Survival. Any termination of your employment with us shall have no effect on the continuing operation of this Section 5.

  

	 	•	 	 Validity; Remedies. You acknowledge that the potential restrictions on your future employment imposed by this Section 5 are reasonable
in both duration and geographic scope and in all other respects. If for any reason any court of competent jurisdiction shall find any provisions of this Section 5 unreasonable in duration or geographic scope or otherwise, you hereby agree that
the restrictions and prohibitions contained herein shall be effective to the fullest extent allowed under applicable law in such jurisdiction. You expressly understand and agree that the remedy at law for any breach by you of the provisions of this
Section 5 will be inadequate and that the Company shall be entitled to injunctive relief if permitted by law. Nothing contained in this Section 5 shall be deemed to limit the Company’s remedies at law or in equity for any such
breach of said provisions hereof. Any covenant that may not be specifically enforceable shall, nevertheless, if breached, give rise to a cause of action for money damages.

6. Miscellaneous. 
  

	 	•	 	 No Conflicts. By signing this letter, you represent to the Company that your acceptance of this offer and agreement to accept employment
with the Company under these terms will not conflict with, violate or constitute a breach of any employment or other agreement to which you are a party and that you are not required to obtain the consent of any person, firm, corporation or other
entity in order to accept this offer of employment. 

	 	•	 	 Successors and Assigns. This letter shall inure to the benefit of and be binding upon (i) the Company and its successors and assigns
and (ii) you and your heirs and legal representatives, except that your duties and responsibilities under this letter that are of a personal nature and will not be assignable or delegable in whole or in part without our prior written consent.

  

	 	•	 	 Entire Agreement. This letter sets forth the entire present agreement of the parties concerning the subjects covered herein. There are
no promises, representations, or warranties of any kind concerning those subjects except as expressly set forth herein or therein. Any modification of this letter must be in writing and signed upon the express consent of all parties. Any attempt to
modify this letter, orally or in writing, not executed by all parties will be void. 

  

	 	•	 	 Enforceability. If any provision of this letter, or its application to anyone or under any circumstances, is adjudicated to be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability will not affect any other provision or application of this letter which can be given effect without the invalid or unenforceable provision or application and will not invalidate
or render unenforceable such provision or application in any other jurisdiction. 

  

	 	•	 	 Governing Law. This letter shall be governed and conformed in accordance with the laws of the State of New Jersey without regard to the
State’s conflict of laws provision. 

  

	 	•	 	 Waivers. No failure on the part of any party to enforce any provisions of this letter will act as a waiver of the right to enforce that
provision. 

  

	 	•	 	 Withholding. All payments of compensation to you by the Company shall be net of any tax or other amounts required to be withheld by the
Company under applicable law. 

  

	 	•	 	 Dispute Resolution. Except with respect to enforcement of any covenants under or referenced in Section 5 above, the following
provisions apply to any disputes that may arise regarding this letter, your employment with the Company or your termination of employment with the Company: 

 

	 	•	 	 In the event of any dispute, claim, question or disagreement arising out of or relating to this letter or the breach hereof, the parties hereto shall
use their best efforts to settle such dispute, claim, question or disagreement. To this effect, they shall consult and negotiate with each other, in good faith, and, recognizing their mutual interests, attempt to reach a just and equitable
resolution satisfactory to both parties. 

	 	•	 	 If the parties do not reach such a resolution within a period of 30 days, then any such unresolved dispute or claim, upon notice by any party to the
other, shall be submitted to and finally settled by arbitration in accordance with the Commercial Arbitration Rules (the “Rules”) of the AAA in effect at the time demand for arbitration is made by any such party. The parties shall
mutually agree upon a single arbitrator within 30 days of such demand. In the event that the parties are unable to so agree within such 30 day period, then within the following 30 day period, one arbitrator shall be named by each
party. A third arbitrator shall be named by the two arbitrators so chosen within ten 10 days after the appointment of the first two arbitrators. In the event that the third arbitrator is not agreed upon, he or she shall be named by the
AAA. Arbitration shall occur in the State of New Jersey or such other location as may be mutually agreed to by the parties. 

  

	 	•	 	 The award made by all or a majority of the panel of arbitrators shall be final and binding, and judgment may be entered based upon such award in any
court of law having competent jurisdiction. The award is subject to confirmation, modification, correction or vacation only as explicitly provided in Title 9 of the United States Code. The parties acknowledge that this letter evidences a
transaction involving interstate commerce. The United States Arbitration Act and the Rules shall govern the interpretation, enforcement, and proceedings pursuant to this section. Any provisional remedy which would be available from a court of
law shall be available from the arbitrators to the parties to this letter pending arbitration. Either party may make an application to the arbitrators seeking injunctive relief to maintain the status quo, or may seek from a court of competent
jurisdiction any interim or provisional relief that may be necessary to protect the rights and property of that party, until such times as the arbitration award is rendered or the controversy otherwise resolved. 

 

	 	•	 	 To the full extent permitted by law and upon presentation of appropriate documentation, all reasonable legal fees and expenses incurred by you as a
result of any dispute involving the validity or enforceability of, or liability under, any provision of this letter (including as a result of any dispute involving the amount of any payment or other benefit due pursuant to this letter) shall be paid
by the Company provided that you prevail on at least one material issue. 

 You acknowledge and understand that
by agreeing to binding arbitration, you are waiving a right to a jury trial. The claims covered by this provision include any statutory claims regarding your employment or the termination of your employment, including without limitation claims
regarding workplace discrimination.

	 	•	 	 Reimbursement for Legal Fees. The Company will reimburse you for your legal fees incurred in connection with entering into this letter and
accepting this offer, up to a maximum amount of $35,000. 

 You acknowledge that you have received and read
copies of the Company’s Stock Ownership Guidelines for Executive Officers and Other Key Executives and its Policy on Recoupment of Incentive Compensation From Executives in the Event of Certain Restatements. 

Jerome, we are most enthusiastic about your joining the team. If these provisions are agreeable to you, please sign one copy of this
letter and return it to me as soon possible. 
 Sincerely, 

Agreed and Accepted on August 28, 2012 
  

							
	 /s/ William V. Hickey
	 		 		 	
				
	 William V. Hickey
	 		 		 	 /s/ Jerome A. Peribere

	 President and Chief Executive Officer
	 		 		 	Jerome A. Peribere

 Supplemental Compensation for Jerome A. Peribere 

On October 11, 2012, the Organization & Compensation Committee of the Board of Directors approved supplemental compensation for Jerome A.
Peribere, our President and Chief Executive Officer, in connection with Mr. Peribere’s relocation to New Jersey. Mr. Peribere will receive additional compensation for temporary living accommodations, utilities and additional storage
costs, with an additional estimated benefit of approximately $40,000.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]