Document:

EX-10.11

 Confidential Treatment Requested by Reynolds Consumer Products Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 10.11 
 

 
 July 8, 2019 
 Michael
Graham 
 CFO, Reynolds Consumer Products 
 Dear Michael: 

As we have discussed, a critical component of our ongoing business strategy for Reynolds Consumer Products will be to explore opportunities for the business
that could lead to an Initial Public Offering (IPO) of the business or potentially a divestiture of the associated business entities. Your assistance is needed by Reynolds as we work through this process to help prepare the business for a successful
transaction. In light of this, we are offering you a special Transaction Success bonus (“Bonus”) that will become payable if a successful IPO is concluded or if there is a sale of the business by June 30, 2020. 

If an IPO transaction is completed, your potential bonus will be $798,716. Fifty percent (50%) of this bonus ($399,358) will be paid to you 30 days after the
effective date of an IPO, so long as you do not voluntarily leave your employment with the succeeding entity during that time. You will be paid the remaining fifty percent (50%) of this bonus six (6) months after the effective date of an IPO,
so long as you do not voluntarily leave your employment with the succeeding entity during that time. This bonus is a gross amount and is subject to all applicable tax withholding requirements. This bonus will not be treated as compensation for any
purpose under any benefit plans or programs, unless statutorily required. 
 If a sales transaction is completed, your potential bonus will be $1,198,074.
Fifty percent (50%) of this bonus ($599,037) will be paid to you 30 days after the effective closing date of a sale, so long as you do not voluntarily leave your employment with the succeeding entity during that time. You will be paid the remaining
fifty percent (50%) of this bonus six (6) months after the closing date, so long as you do not voluntarily leave your employment with the succeeding entity during that time. This bonus is a gross amount and is subject to all applicable tax
withholding requirements. This bonus will not be treated as compensation for any purpose under any benefit plans or programs, unless statutorily required. 

Because of the significance of this strategic effort, and given that you are one of a select group of employees to be offered this opportunity, it is of
utmost importance that you keep this offer and all its terms entirely confidential. 
 Thank you for your willingness to assist the team during this
endeavor and for your help in ensuring the success of this very important process for Reynolds Consumer Products. 
 Sincerely, 

 

	
	//s// Lance Mitchell
	Lance Mitchell
	Chief Executive Officer
	Reynolds Consumer ProductsEX-10.12

 Confidential Treatment Requested by Reynolds Consumer Products Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 10.12 
  

 
 July 8, 2019 
 Craig
Cappel 
 President, Reynolds Foil & Cooking 
 Dear
Craig: 
 As we have discussed, a critical component of our ongoing business strategy for Reynolds Consumer Products will be to explore opportunities for the
business that could lead to an Initial Public Offering (IPO) of the business or potentially a divestiture of the associated business entities. Your assistance is needed by Reynolds as we work through this process to help prepare the business for a
successful transaction. In light of this, we are offering you a special Transaction Success bonus (“Bonus”) that will become payable if a successful IPO is concluded or if there is a sale of the business by June 30, 2020. 

If an IPO transaction is completed, your potential bonus will be $463,500. Fifty percent (50%) of this bonus ($231,750) will be paid to you 30 days after the
effective date of an IPO, so long as you do not voluntarily leave your employment with the succeeding entity during that time. You will be paid the remaining fifty percent (50%) of this bonus six (6) months after the effective date of an IPO,
so long as you do not voluntarily leave your employment with the succeeding entity during that time. This bonus is a gross amount and is subject to all applicable tax withholding requirements. This bonus will not be treated as compensation for any
purpose under any benefit plans or programs, unless statutorily required. 
 If a sales transaction is completed, your potential bonus will be $695,250.
Fifty percent (50%) of this bonus ($347,625) will be paid to you 30 days after the effective closing date of a sale, so long as you do not voluntarily leave your employment with the succeeding entity during that time. You will be paid the remaining
fifty percent (50%) of this bonus six (6) months after the closing date, so long as you do not voluntarily leave your employment with the succeeding entity during that time. This bonus is a gross amount and is subject to all applicable tax
withholding requirements. This bonus will not be treated as compensation for any purpose under any benefit plans or programs, unless statutorily required. 

Because of the significance of this strategic effort, and given that you are one of a select group of employees to be offered this opportunity, it is of
utmost importance that you keep this offer and all its terms entirely confidential. 
 Thank you for your willingness to assist the team during this
endeavor and for your help in ensuring the success of this very important process for Reynolds Consumer Products. 
 Sincerely, 

 

	
	 //s// Lance Mitchell

	 Lance Mitchell

	 Chief Executive Officer

	 Reynolds Consumer ProductsEX-10.13

 Confidential Treatment Requested by Reynolds Consumer Products Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 10.13 
  

 
 July 8, 2019 
 Stephan
Pace 
 President, Walmart Global 
 Dear Steve: 

As we have discussed, a critical component of our ongoing business strategy for Reynolds Consumer Products will be to explore opportunities for the business
that could lead to an Initial Public Offering (IPO) of the business or potentially a divestiture of the associated business entities. Your assistance is needed by Reynolds as we work through this process to help prepare the business for a successful
transaction. In light of this, we are offering you a special Transaction Success bonus (“Bonus”) that will become payable if a successful IPO is concluded or if there is a sale of the business by June 30, 2020. 

If the transaction is completed, your potential bonus will be $450,204. Fifty percent (50%) of this bonus ($225,102) will be paid to you 30 days after the
effective date of an IPO or the closing date of a sale, so long as you do not voluntarily leave your employment with the succeeding entity during that time. You will be paid the remaining fifty percent (50%) of this bonus six (6) months after
the effective date of an IPO or the closing date, so long as you do not voluntarily leave your employment with the succeeding entity during that time. This bonus is a gross amount and is subject to all applicable tax withholding requirements. This
bonus will not be treated as compensation for any purpose under any benefit plans or programs, unless statutorily required. 
 Because of the significance
of this strategic effort, and given that you are one of a select group of employees to be offered this opportunity, it is of utmost importance that you keep this offer and all its terms entirely confidential. 

Thank you for your willingness to assist the team during this endeavor and for your help in ensuring the success of this very important process for Reynolds
Consumer Products. 
 Sincerely, 
  

	
	 //s// Lance Mitchell

	 Lance Mitchell

	 Chief Executive Officer

	 Reynolds Consumer ProductsEX-10.14

 Confidential Treatment Requested by Reynolds Consumer Products Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 10.14 
 

 
  

			
	TO:	  	LANCE MITCHELL
		
	FROM:	  	STEVE ESTES
		
	DATE:	  	JULY 8, 2019
		
	SUBJECT:	  	PLANNED ISSUANCE OF RESTRICTED STOCK

  
  

As we have discussed, a critical component of our ongoing business strategy for Reynolds Consumer Products LLC will be to explore opportunities for the
business that could lead to an Initial Public Offering (IPO) of the business or potentially a divestiture of the associated business entities. Your assistance is needed by Reynolds as we work through this process to help prepare the business for a
successful transaction. 
 If the IPO is successful, the company whose shares are registered in the IPO will issue you Restricted Stock at the completion of
the IPO. The number of shares in this grant equals $1,550,000 divided by the IPO price as of the date of the grant, rounded to the nearest whole share. Vesting for the restricted stock will occur over a 3-year
period with 1/3 vesting after 12-months from the successful IPO; 1/3 vesting after 24-months from the successful IPO; and, 1/3 vesting after 36-months from the successful IPO. You must be an employee of the Company or one of its affiliates on the applicable vesting date to receive such shares. 

Should there be a business sale instead of an IPO, you will receive $1,550,000 in cash in lieu of Restricted Stock. For purposes hereof, a business sale means
a sale of all or substantially all of the assets of the Company or a sale of more than 50% of the equity of the Company or such entity. This cash payment will be made in the following manner: 

1⁄2 Payable
30-days post-closing of the sale 
 1⁄2 Payable 180-days post-closing of the sale 
 This memo does not change your
status as an “at-will” employee and does not guarantee your employment for any specific period of time. The Company reserves the right to terminate you at any time and for any or no reason. Any
Restricted Stock issued or cash payment made pursuant to this memo shall be subject to regular tax withholdings and other authorized deductions and will not be treated as compensation for any purpose under any benefit plans or programs, unless
statutorily required. 
 This memo is provided to summarize the agreement that has been reached in this regard between the Company and the employee. Should
an IPO be completed, a formal grant letter for the Restricted Stock will be provided to the employee that documents all terms and conditions related to the grant. 

//s// Steve Estes

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