Document:

Employment Agreement, dated November 7, 1990

 Exhibit 10.19 
  
 DATED 7th NOVEMBER 1990 
  
 JIFFY PACKAGING COMPANY LIMITED 
  
 and 
  
 P. LEWIS 
  
 CONTRACT OF EMPLOYMENT 

 THIS CONTRACT OF EMPLOYMENT made the 7th day of November 1990 
  
 between 
  
 JIFFY PACKAGING COMPANY LIMITED 
  
 whose registered office is situate at Road Two, Industrial Estate, 
  
 Winsford, Cheshire CW7 3QJ, England (hereinafter called “the Company”) of the one part 
  
 and 
  
 PETER LEWIS 
  
 of Cuffs Orchard, Isle Abbotts, Taunton, Somerset TA3 6RR, England, 
  
 (hereinafter called “the Appointee”) of the other part. 
  
 Appointment 
  
 1. (A) The
Company hereby appoints, proviso that the medical examination at a BUPE health care centre has a positive result, the Appointee and the Appointee hereby agrees to act as Managing Director of the Company (“the Appointment”) for the period
stipulated in sub-clause (B) hereof. 
  
 (B) The Appointment
shall commence and be deemed to have commenced on January l, 1991 or at any date after this previous date that the Company and the Appointee agree upon but not later than May 1st 1991 and shall subject as provided in Clauses 19 and 20
hereof continue unless and until terminated by either party giving to the other party not less than twelve calendar months’ previous notice in writing. 
  
 Definition 
  
 2. In this Contract of Employment unless the context otherwise requires: 
  
 (i) “the Company” shall mean JIFFY PACKAGING COMPANY LTD or any subsidiary associated company thereof; 
  
 (ii) “the Board” shall mean the Board of Directors
of JIFFY PACKAGING COMPANY LTD. and/or the Chairman of the Board of Directors of JIFFY PACKAGING COMPANY LTD. i.e. Mr. Ir. A.E. Nientker. 
  

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 (iii) “subsidiary” shall have the meaning attributed to it in Section 154
of the Companies Act 1948. 
  
 Full Time Duties 
  
 3. (A) The Appointee shall devote to the duties of the Appointment the whole of his
time and attention and skill and shall use his best edeavours to promote the business and interests of the Company shall faithfully and diligently perform such duties and exercise such powers in relation to the Company as may from time to time be
assigned to or vested in him by or under the authority of the Board alone or jointly with any other person appointed for such purpose by the Board and shall obey all lawful directions given to him by or under the authority of the Board and shall
give such explanations, information and assistance as are properly required by or under the authority of the Board. 
  
 The Appointee shall obey all policies of the Company and applicable policies of its associated companies that are being laid down in the so called “authority
limits” of the Managing Directors within the Bührmann-Tetterode Group. 
  
 (B) The Appointee shall not during the continuance of the Appointment except with the prior written consent of the Company be directly or indirectly engaged or concerned or interested in any other business whatsoever
except that he may be interested in securities of a class listed or dealt in on any recognised stock exchange so long as the total interest of him and/or members of his family (spouse and children) is less than 5%. 
  
 (C) The Company requires that the Appointee shall maintain a telephone at the
Appointee’s home address and the Company will reimburse the Appointee for the cost of the annual rental charge and all charges relating thereto. 
  
 Confidential Information 
  
 4. The Appointee shall not during the continuance of his employment under this Contract of Employment or at any time after the determination thereof or of this Contract
of Agreement or any reason (except as authorised or required by his duties hereunder or under legal process) divulge or disclose to any person whatsoever or use for his own benefit or for his benefit of any other person or to the detriment or
possible detriment of the Company any secret or confidential 

  

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information coming to his knowledge in the course of his employement or otherwise relating to the business dealings or transactions of or the working of any
process or invention which is for the time being carried on or used by or the property of the Company or its customers or suppliers and he will upon the determination of this employement hereunder or of this Contract of Employment for whatever
reason or on earlier request immediately deliver up to the Company all or any documents minutes records lists files papers books or other properties of the Company then in his possession or under his control and any notes and memoranda relating to
the business of the Company or any other such company made or received by the Appointee during the course of his employment by the Company. 
  
 Place of Work 
  
 5. The Appointee shall during his employment hereunder be obliged to travel to and work at such places or locations in such manner and on such occasions as the Board may from time to time reasonably require provided
that the Appointees principal place of work will be at Winsford, Cheshire. 
  
 Hours of work 
  
 6. As Managing Director, the Appointee
is expected to work such hours as are necessary effectives to fulfil the responsibilities including the general duties and any specific targets which have been set. 
  
 Remuneration 
  
 7. (A) The remuneration of the Appointee shall be a base salary (Total Fixed Income) at the rate of £ 55,000 gross per annum (or at such higher rate as may be
agreed between the Company and the Appointee). Such base salary shall be inclusive of holidaypay and of all fees to which the Appointee may become entitled as Managing Director of the Company and shall accrue from day to day and shall be payable in
arrear by equal monthly instalments in accordance with the Companies then prevailing payroll practices. 
  
 (B) In addition, the Appointee shall be eligible to receive an annual bonus following each full year of employment under this Contract of Employment. The
amount of the bonus 

  

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shall range from 0 till maximum 30% of the base salary (Total Fixed Income) and will be determined in the discretion of the President of the Flexible and
Protective Division of the Bührmann-Tetterode Group. The amount of the annual bonus will be based on the Companies operating results (return on investment), the Appointees special targets and the operating results of the Flexible and Protective
Division. For the year 1991 the Appointees bonus will be sett at a minimum of 10% of the base salary (Total Fixed Income) whilst the remaining bonus amounting to a maximum of 20% of the base salary (Total Fixed Income) will be mainly based on
special targets. 
  
 (C) The base salary (Total Fixed Income)
payable hereunder shall be reviewed annually. 
  
 (D) The
Appointee shall be reimbursed by the Company all hotel travelling and other business expenses reasonably and properly incurred by him in carrying out his duties hereunder and vouched for to the satisfaction of the Company. 
  
 Stock-option scheme 
  
 8. The Appointee shall be eligible to take part in the stock-option scheme that will be
inforce as from January 1, 1991 at the Bührmann-Tetterode Group. The terms and conditions thereof are yet to be determined by the Board of Managing Directors of the Bührmann-Tetterode Group. 
  
 Pension Scheme 
  
 9. The Appointee shall be entitled to become as from the date of appointment a non-contributory member of the Pension Scheme upon the terms
and conditions thereof from time to time in force (or other such scheme from time to time substituted by the Company for the Scheme in respect of the Appointment) provided always that such revised or substitute Scheme shall provide pension rights no
less beneficial than those currently enjoyed by the Appointee based on the remuneration provided in this Contract of Employment. A contracting-out certificate is currently in force. At the date of this Contract of Employment the Pension Scheme is
insured to Crown Life Assurance 

  

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Group. In contrary to section 3 - joining the scheme - the Appointee shall be eligible to join the scheme as from the date of appointment. 
  
 The Pension Scheme includes Death in Service benefits and Disability benefits. An outline of
the Pension Scheme Policy Manual has been handed out to the Appointee. 
  
 Private Health Insurance 
  
 10. The Company will pay a
premium on behalf of the Appointee to the Western Provident Association (WPA) (or to such other similar organisation as the Company may decide) to provide the Appointee personaly with insurance for private medical treatment. The Appointee may also
take advantage of the reduced rates available to the Companies employees to pay the premiums to cover the Appointees spouse and/or children. Terms and provision of the cover provided by the WPA are laid down in the WPA policy manual that has been
handed out to the Appointee. 
  
 The Company will pay for the Appointee to have a
complete health check once every two years at a centre to be decided by the Company. This is a benefit which is distinct from the provision that you must agree, if so required, to be examined by a medical practitioner appointed by the Company.

  
 Holidays 
  
 11. (A) The Appointee shall be entitled in addition to public holidays to take 25
working days holiday in each year (or such longer periods in any year as the Board may decide) such holidays to be taken at times convenient to the Company. 
  
 (B) The days usually observed as public holidays are: New Year’s Day, Good Friday, Easter Monday, May Day, Spring Bank Holiday, Monday Late Summer,
Bank Holiday Monday, Christmas Day and Boxing Day. 
  
 (C) The
Company is allowed to stipulate maximum 5 working days holiday each year. 
  
 (D) The Appointees entitlement to holiday pay (and a payment in lieu of holiday on the cessation of the Appointees employment hereunder for whatsoever reason) accrue pro rata through this year of his employment
hereunder but unused holiday time in each year cannot be carried forward without the prior written consent of the Company. 
  

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 Car 
  
 12. During the continuance of the Appointment the Appointee shall so long as he is legally entitled to drive have the use of a motor car, including the use of a car
phone, of a type to be determined by the Company as being reasonable for the purpose of his duties hereunder. At the date of this contract of employment the type of motor car is on the level of a purchase price amounting to £ 28,000. The motor
car will be purchased or leased by the Company for a period of maximum 3 years. The Company shall pay such running expenses maintenance and outgoings in respect of use of such car for the purpose aforesaid as shall be proper and reasonable. The
Appointee shall be at liberty to use the car for his private purposes. The Appointee shall ensure that at all times when such car is driven it is in the state and condition required by law and that if so required a current test certificate is in
force in respect of it. The provisions and terms of the Company car policy are applicable to the use of the motor car by the Appointee. 
  
 Grievance Procedure 
  
 13. (A) The Appointee shall be bound to observe the Disciplinary Rules from time to time laid down by the Board for employees generally so far as consistent with the
status of the Appointee. 
  
 (B) The Appointee reports to the
officer of the Board stipulated in sub-paragraph (C) of this paragraph 13. The Appointee should refer any grievance about his employment hereunder or any dissatisfaction with any disciplinary decision relating to his employment to such officer.
Such referral should be made in writing or verbally at an interview arranged for the purpose. If any such referral is made that officer will make such enquiries as may seem to him appropriate and either make or obtain from the Board a finding upon
such referral and notify the Appointee of such finding and of the action being taken to redress any justifiable grievance found to exist. 
  
 (C) The officer referred to in sub-paragraph (B) of this paragraph 13 shall be the Chairman of the Board of Directors of the Company i.e.
Mr. Ir. A.E. Nientker. 
  

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 Housing and decoration expenses 
  
 14. (A) The Appointee shall use his best endeavours to be housed with his spouse/family in the vicinity of Winsford, Cheshire, within a
period of nine calendar months after the date of appointment. 
  
 (B) The Company shall reimburse all the reallocation expenses actually incurred concerning the disposal and the purchase of the Appointees previous and new housing, including the fee of an estate agency, included stamp duties. The Appointee
will present to the Company an appropriate documentation of such actual expenses. 
  
 (C) The Company shall reimburse to the Appointee an amount for decoration expenses amounting to 10% of the base salary (total fixed income) being £ 5,500. 
  
 Traveling expenses and transportation of personal effects 
  
 15. (A) The Company shall refund to the Appointee the transportation of household
effects, including packing expenses and insurance. 
  
 The Appointee shall present
to the Company an appropriate documentation of the actual costs, in applying for at least two offers from two removers. 
  
 Temporary housing 
  
 16. The Appointee shall be entitled to reimbursement of the costs of temporary housing (rental of appartment/house/hotel/lodgings) including the payment of utilities for
a maximum period of the first nine months after the date of Appointment. 
  
 Inventions 
  
 17. The Appointee will forthwith
communicate to the Company all inventions discoveries processes techniques materials working methods or designs which he may make discover or conceive during the continuance of the Appointment relating to or capable of use in connection with any
activity of the Company and the Appointee will give full information as to the exact mode of working producing using and exploiting the same and also all such explanations and instructions to the Company as may be necessary or useful to enable the
Company to obtain the full benefit thereof and will at the expense of the Company furnish it with all necessary plans 

  

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drawings formulae and models thereof and shall at the cost and expense of the Company or its nominee to apply for and obtain protection therefore throughout
the world and for vesting the ownership and exclusive benefit thereof in the Company or its nominee provided always that this clause shall take effect subject to any statutory rights of the Appointee. 
  
 Incapacity 
  
 18. (A) If the Appointee shall be incapacitated by ill health or accident or other cause from performing his duties hereunder he shall
as soon as possible (and in any event within 24 hours of commencement of the incapacity) notify or ensure that the Company is notified of the fact and nature of the incapacity and so long as the incapacity continues shall keep the Company informed
of the reason for his continued absence and its expected duration and shall produce medical certificates to the Company as often as the Company shall reasonable require. 
  
 (B) So long as the Company shall continue to pay the remuneration of the Appointee during the period of such incapacity the
Company shall be at liberty to deduct form such remuneration the amount of any state sickness benefit payable to the Appointee and the amount of any benefit payable under any disability or permanent health insurance scheme. 
  
 (C) If the Appointee is incapacitated by reason of ill health or accident or
other cause from performing his duties hereunder for a period of six months or periods aggregating six months in any period of twelve months, then the Company may by notice in writing given to the Appointee at any time during the continuance of the
incapacity: 
  
 (i) discontinue payment in whole
or in part of the Appointees remuneration on and from such date as may be specified in the notice until the incapacity shall cease; or 
  
 (ii) (whether or not payment of the Appointees remuneration shall have been discontinued as aforesaid) determine the Appointment
forthwith. 
  
 (D) For the purpose of assisting the Company to
make a judgement regarding the Appointees capacity for work the Appointee will if and whenever reasonably requested by the Company undergo a medical examination by a doctor nominated by the Company. 
  

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 Summary Termination 
  
 19. The Company may at any time determine the Appointment by summary notice in writing if the Appointee shall have committed any serious
breach or repeated or continued (after warning) any remediable breach of the terms of this Contract of Employment or shall been guilty of gross misconduct or of an arrestable offence, excluded any minor traffic offence, or other conduct tending to
bring himself or the Company into disrepute or otherwise to affect prejudicially the interests of the Company or shall have committed an act of bankruptcy or compount with his creditors generally. 
  
 Restrictive Covenants 
  
 20. (A) Upon the termination of the Appointment (for whatever reason) the Appointee
shall not (without the prior written approval of the Company) whether as principal servant or agent (directly or indirectly): 
  
 (i) for a period of six months thereafter be directly or indirectly interested or concerned (whether as shareholder Managing Director
employee sub-contractor partner consultant proprietor agent or otherwise) in any business company or firm which is in competition with any business carried on at such date by the Company; 
  
 (ii) For a period of twelve months from the date of such
termination sollicit the custom of any person firm or company who at any time during the twelve months ending upon the date of such termination shall have been a customer of the Company with which the Appointee was actively concerned at any time
during the period of twelve months ending upon the date of such termination. 
  
 (B) The Appointee hereby agrees that he will not at any time after the termination of the Appointment either personnaly or by his agent directly or indirectly: 
  
 (i) Represent himself or hold himself out as being in any
way connected with or interested in the business of the Company; 
  
 (ii) Use or disclose to any person firm or company any confidential information directly relating to the affairs of the Company or any customer of both which may have been acquired by him in the course of or
incidental to his employment by the Company or to the detriment or possible detriment of the Company or any such customer as aforesaid; 
  

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 (iii) For a period of twelve months after the termination of his employment hereunder
either on his own account or for any other person firm or company sollicit interfere with or endeavour to entice away from the Company any person employed by any of them at the date of such termination. 
  
 Continuing Employment 
  
 21. In the event of the Appointees employment with the Company being terminated by reason of
the liquidation of the Company for the purpose of amalgamation or reconstruction or by reason of the transfer of the business of the Company or the goodwill thereof and the Appointee being offered employment with such reconstructed or amalgamated
company or the transferee person firm or company on terms not less favourable than the terms of this Contract of Employment the Appointee shall have no claim against the Company in respect of the termination of this appointment. 
  
 Continuing Provisions 
  
 22. The expiration or termination of this Contract of Employment howsoever arising (and
notwithstanding that such termination may be held to be illegal or improper) shall not affect such of the provisions hereof as expressly or impliedly operate or have effect thereafter. 
  
 Notices 
  
 23. Notices given hereunder shall be in writing and may be given by either party to the other by delivery by hand or by first class letter posted to the other part at (in
the case of the Company) its registered office for the time being and (in the case of the Appointee) his address last known to the Company and any such notice given by letter shall be deemed to have been given at the time at which the letter would
be delivered in the ordinary course of first class post. 
  

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 Statutory Terms 
  

24. The information contained in the Contract of Employment constitutes a written statement of the terms of employment of the Appointee in compliance with the
Employment Protection (Consolidation) Act 1978 (as amended). 
  
 Law

  
 25. This Contract of Employment shall (save in any case where the
contrary shall be expressly agreed) be governed by and construed in accordance with English law and the parties irrevocably submit to the jurisdiction of the Courts of England. 
  

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 AS WITNESS the hands of and on behalf of the parties hereto the day and year first before written. 
  

					
	 Signed by
	 	 	 	 
			
	 Mr. Ir. A.E. Nientker
	 	 	 	 
			
	 Chairman of the Board of Directors of
	 	 	 	 
			
	 JIFFY PACKAGING COMPANY LTD.
	 	 	 	 /s/ Ir. A. E. Nientker 

			
	 in the presence of
	 	 	 	 
			
	 Mr. H.P. Heinen
	 	 	 	 
			
	 Member of the Board of
	 	 	 	 
			
	 Managing Directors of the
	 	 	 	 
			
	 Bührmann-Tetterode Group
	 	 	 	 /s/ H. P. Heinen

			
	 Signed by
	 	 	 	  
			
	 Mr. P. Lewis 
	 	 	 	 /s/ P. Lewis

			
	 in the presence of
	 	 	 	/s/ S. Davenport name
			
	  	 	 	 	 16 Quayside address

			
	  	 	 	 	 Bridgwater

			
	  	 	 	 	 Secretary occupation

  

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	 	  	 	  	 Pactiv Corporation
 Europe
B.V.

			
	 Mr. Peter Lewis
 The Beeches
 West Layton, Richmond
 North Yorkshire, DL11 7PS
 United Kingdom
	  	 	  	 Van Heuven
 Goedhartlaan 9
 1181 LE Amstelveen
 P.O. Box 380, 1180 AJ
 Amstelveen
 The Netherlands
  
 Tel 31 (0)20 545 53 00
 Fax 31 (0)20 545 53 99
 www.pactiv.com

  
 3 July 2000 
  
 Appointment 
  
 Dear Peter, 
  
 This is to confirm your recent discussions with Jim Morris. I am pleased to confirm your appointment as Vice President Protective Packaging Business with effect from
1 July 2000. 
  
 Your salary will be increased to £ 120,000 and
variable bonus increased from 35% to 37,5%. You have elected to receive a company car allowance in lieu of a fully expensed company car. An allowance of £ 18,000 per annum on your total salary will therefore be paid to you. 
  
 It is recognised that there is a shortfall in pension contributions on your total salary
between the company’s contributions into the Jiffy Pension scheme and the present Inland Revenue “cap”. The company will therefore contribute to your existing FURBS a sum equivalent to that necessary to “bridge the gap”
between your total earnings of £ 120,000 and your variable bonus and the present inland revenue “cap”. I have had discussions with William Mercer’s and calculate this amount to be approximately 30% of gross payment. 

 
 Your new appointment will necessitate more extensive travel that your current role and
therefore accompanied travel within U.K. for long journeys is available to you at your discretion. 

 All other terms and conditions of Employment remain as before and as detailed in your Contract of Employment dated
7 November 1990 subsequently amended. 
  
 I hope this covers all outstanding
matters but if you have any questions or require further information please contact me anytime. On a personal note may I wish you every success in your new appointment. 
  

	
	 Yours sincerely,

	
	 /s/ Calvin Russell

	 Calvin Russell

	 Director Human Resources EuropeEmployment Agreement, dated January 23, 2006

 Exhibit 10.20 
  
 Execution Copy 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT is made effective as of October 12, 2005, by and among Pregis Holding I Corporation, a Delaware Corporation (“Pregis
I”), and its wholly owned subsidiaries, Pregis Holding II Corporation, a Delaware corporation (“Pregis II”), and Pregis Corporation, a Delaware corporation (“Pregis”) (Pregis I,
Pregis II and Pregis, collectively, the “Employers” and individually an “Employer”), and C. William McBee (“Executive”). 
  
 RECITALS 
  
 WHEREAS, Executive desires to be employed by Employers; and 
  
 WHEREAS, Employers desire to employ the Executive and to utilize his
management services as indicated herein, and Executive has agreed to provide such management services to Employers; and 
  
 WHEREAS, as a condition precedent and a material inducement for Employers to employ and pay Executive, Executive has agreed to execute this Agreement and
the Noncompetition Agreement, dated as of October 12, 2005, between Pregis I and Executive (the “Noncompetition Agreement”), and be bound by the provisions herein and therein. 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties hereto agree as follows: 
  
 PROVISIONS

  
 1. Term and Duties. Employers hereby agree to
employ Executive as President, Hexacomb, commencing on October 12, 2005 (the “Start Date”) and continuing for a period of three (3) years (the “Initial Term”) or until terminated in
accordance with this Section 1 or Section 4. Unless terminated by either Executive or Employers by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, Executive’s employment shall
continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a “Subsequent Term” and, together with the Initial Term, the “Term”) until terminated by written
notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term. Subject to the provisions of this Agreement, during the Term, Executive shall devote his best efforts and abilities to the performance of
Executive’s duties on behalf of Employers, and to the promotion of their interests consistent with and subject to the direction and control of the Board of Directors of each Employer (the “Board”). Executive shall devote
substantially all of his business time, energies, attention and abilities to the operation of the business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. 

 2. Compensation During Term. 
  
 (a) Base Compensation. In consideration of the services to be rendered by Executive during the Term,
Employers shall pay to Executive as base salary $200,000 per year (“Base Compensation”), payable bi-weekly and prorated for any partial employment period. 
  
 (b) Bonus. Subject to the limitations set forth in this Agreement, commencing with the fiscal year
beginning January 1, 2006, Executive shall be entitled to receive an annual incentive bonus (the “Incentive Bonus”) based upon the achievement of one or more performance goals as determined by the Board in its sole
discretion. 
  
 3. Benefits. 
  
 (a) Executive shall be eligible to participate in such
benefit programs offered by each Employer (other than bonus plans), such as health, dental, life insurance, vision, vacations and pension, as are offered to similarly-situated employees (except in the case of equity-based incentive plans where
awards are subject to Board (or committee thereof) approval) and in each case no more favorable than the terms of benefits generally available to the employees of Employers (based on seniority and salary level), subject in each case to the generally
applicable terms and conditions of the plan, benefit or program in question. 
  
 (b) Employers shall reimburse Executive for all reasonable expenses incurred by him in the course of performing his duties under this Agreement which are consistent with the Employers’ policies in effect from
time to time with respect to travel, entertainment and other business expenses, subject to the Employers’ requirements with respect to reporting, documentation and approval of such expenses. 
  
 4. Termination. Executive’s employment shall terminate upon the
first to occur of the following (each, a “Termination Date”): 
  
 (a) The expiration of the Term; 
  
 (b) Executive’s death or disability (mentally, physically or emotionally), so that Executive cannot substantially perform his duties
hereunder for a period of ninety (90) consecutive days or for one hundred eighty (180) days during any 365 day period during the Term; 
  
 (c) Executive’s voluntary termination of his employment for any reason, upon not less than ten (10) business days’ written
notice to Employers; or 
  

 2 

 (d) Employers’ termination of Executive’s employment for Cause (as hereinafter
defined). 
  
 5. Termination Payments. 
  
 (a) Except as otherwise provided herein, if Executive’s
employment is terminated pursuant to Section 1 by thirty (30) days’ prior written notice or pursuant to Section 4, Executive’s Base Compensation and other benefits, if any, shall terminate at the end of the month during
which such termination occurs. 
  
 (b) Upon
termination of Executive’s employment without Cause, Employers shall be obligated, in lieu of any other remedies available to Executive, to pay Executive (A) an amount equal to his then current Base Compensation (the
“Termination Payment”); (B) (i) if the Termination Date occurs during the months of January-June of the fiscal year, a pro rata Incentive Bonus for the fiscal year in which the termination occurs (the
“Target Pro Rata Incentive Payment”), based on Executive’s target Incentive Bonus for such fiscal year; or (ii) if the Termination Date occurs during the months of July-December of the fiscal year, a pro rata
Incentive Bonus for the fiscal year in which the termination occurs (the “Actual Pro Rata Incentive Payment”), based on Employers’ actual performance through the end of such fiscal year; and (C) all accrued but
unpaid amounts payable to Executive under this Agreement and under any employee benefit plan (the “Accrued Payment”). The Target Pro Rata Incentive Payment and the Actual Pro Rata Incentive Payment shall, in each case, be
determined based on the number of days elapsed from the beginning of the fiscal year in which the termination occurs through and including the Termination Date. For purposes of clarity, Executive will be eligible to receive only one Termination
Payment, one Accrued Payment and either one Target Pro Rata Incentive Payment or one Actual Pro Rata Incentive Payment (depending on when the Termination Date occurs) from Employers under this Section 5(b). Employers’ obligation to make
the Termination Payment and either the Target Pro Rata Incentive Payment or Actual Pro Rata Incentive Payment shall be conditioned upon: (i) Executive’s continued compliance with his obligations under the Noncompetition Agreement; and
(ii) Executive’s execution, delivery and non-revocation of a valid and enforceable general release of claims in a form reasonably acceptable to Employers (the “Release”). In the event that Executive breaches any of
the covenants set forth in the Noncompetition Agreement, Executive shall immediately return to Employers any portion of the Termination Payment and either the Target Pro Rata Incentive Payment or Actual Pro Rata Incentive Payment that have been paid
to Executive pursuant to this Section 5(b). Subject to this Section 5(b) and Section 5(e), the Termination Payment and the Target Pro Rata Incentive Payment, if applicable, shall be paid in installments on Employers’ regular
payroll dates occurring during the 12-month period immediately following the effectiveness of the Release. Subject to Section 5(e), the Actual Pro Rata Incentive Payment, if applicable, shall be paid at the time Employers ordinarily pay
incentive bonuses to its executives with respect to the fiscal year in which the termination occurs. Subject to Section 5(e), the Accrued Payment shall be paid within thirty (30) days following the Termination Date. 
  

 3 

 (c) In the event of a termination of Executive’s employment pursuant to
Section 4(b) as a result of his death or disability, Employers shall pay to Executive, his estate or legal representative, as the case may be, all amounts accrued to the date of termination and payable to Executive hereunder and under any other
bonus, incentive or other plan. 
  
 (d) Any
termination of the Term shall not adversely affect or alter Executive’s rights under any employee benefit plan of any Employer in which Executive, at the date of termination, has a vested interest, unless otherwise provided in such employee
benefit plan or any agreement or other instrument attendant thereto. 
  
 (e) If Executive is a “specified employee” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, any payments required to be made pursuant to this Section 5 which are
subject to Section 409A shall not commence until six months from the Termination Date, with the first payment to be equal to the aggregate amount that would have been paid to Executive under Section 5 during the first six months
immediately following the Termination Date had this Section 5(e) not been applicable. 
  
 6. Definitions. “Cause” as used herein shall mean Executive’s: (i) commission of an act which constitutes common law fraud, embezzlement (other than occasional, customary and
de minimis use of Employers’ property for personal purposes) or a felony, an act of moral turpitude, or of any tortious or unlawful act causing material harm to any Employer’s business, standing or reputation; (ii) gross negligence on
the part of Executive in the performance of his duties hereunder; (iii) breach of his duty of loyalty or care to any Employer; (iv) other misconduct that is materially detrimental to any Employer; (v) ongoing refusal or failure to
perform Executive’s duties or the deliberate and consistent refusal to conform to or follow any reasonable policy adopted by the Board, in each case after receiving written notice describing his noncompliance and being given a five
(5) business days opportunity to cure (to the extent curable) such non-compliance; or (vi) material breach by Executive of this Agreement, the Noncompetition Agreement or any other agreement with or for the benefit of Employers to which
Executive is a party or by which Executive is bound, which is not cured (to the extent curable) within five (5) business days following written notice from Employers. 
  
 7. Consideration. Executive acknowledges and agrees that the consideration set forth in the recitals to this
Agreement and the rights and benefits hereunder are all and singularly valuable consideration which are sufficient for any or all of Executive’s covenants set forth herein or in the Noncompetition Agreement. 
  

 4 

 8. No Prior Agreements. Executive represents and warrants that his performance of all the terms of
this Agreement does not and shall not breach any fiduciary or other duty or any covenant, agreement or understanding (including, without limitation, any agreement relating to any proprietary information, knowledge or data acquired in confidence,
trust or otherwise) to which he is a party or by the terms of which he may be bound. Executive further covenants and agrees not to enter into any agreement or understanding, either written or oral, in conflict with the provisions of this Agreement.

  
 9. Miscellaneous. 
  
 (a) Notices. All notices, requests, consents and
demands by the parties hereto shall be delivered by hand, by confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States mail, postage prepaid, by registered or certified mail, return receipt
requested, addressed to the party to be notified at the addresses set forth below: 
  
 if to Executive: 
  
 C. William
McBee 
 610 Wharton Drive 
 Lake
Forest, IL 60045 
  
 if to Employers: 
  
 c/o AEA Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York,
NY 10022 
 Attn: Sanford Krieger 
  
 with copy to: 
  
 Fried, Frank, Harris, Shriver & Jacobson LLP 
 One New York Plaza 
 New York, NY 10004-1980 
 Attn: Christopher Ewan 
  
 Notices shall be
effective immediately upon personal delivery or facsimile transmission, one (1) business day after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given
on the date of receipt. Any party hereto may change the address specified herein by written notice to the other parties hereto. 
  

 5 

 10. Entire Agreement. This Agreement cancels and supersedes any and all prior agreements and
understandings between the parties hereto with respect to the obligations of Executive, whether oral or written. Executive hereby agrees that, as of the date hereof, this Agreement shall take effect and no further obligations of any kind whatsoever
shall be owed by Employers. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modifications or waiver of any provision hereof shall be effective unless in writing and signed by
each Employer and Executive. Executive acknowledges and agrees that any obligations set forth in the letter from Henry M. Wells III, Vice President and Chief Human Resources Officer of Pactiv Corporation to Executive, dated October 29, 2004,
shall not apply to Employers, and no Employer shall have any liability to Executive thereunder. 
  
 11. Binding Effect. All of the terms and provisions of this Agreement shall be binding upon the parties hereto and its or his heirs, executors,
administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable by each Employer and its successors and assigns, except that the duties and responsibilities of Executive hereunder are of a personal
nature and shall not be assignable or delegable in whole or in part. 
  
 12. Severability. In the event that any provision of this Agreement or application thereof to anyone or under any circumstance is found to be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity
or unenforceability shall not affect any other provision or application of this Agreement which can be given effect without the invalid or unenforceable provision or application and shall not invalidate or render unenforceable such provision or
application in any other jurisdiction. 
  
 13. Remedies;
Waiver. No remedy conferred upon any Employer by this Agreement is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter
existing at law or in equity. No delay or omission by any Employer in exercising any right, remedy or power hereunder or existing at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the
party possessing the same from time to time and as often as may be deemed expedient or necessary by such party in its sole discretion. 
  
 14. Counterparts. This Agreement may be executed in several counterparts, each of which is an original and all of which shall constitute one
instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 
  

 6 

 15. Governing Law. The validity, interpretation, construction, performance and enforcement of this
Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  
 16. Headings. The captions and headings contained in this Agreement are for convenience only and shall not be construed as a part of the Agreement.

  

 7 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above written. 
  

					
	EMPLOYERS:
	
	PREGIS HOLDING I CORPORATION
		
	By:	 	/s/ Thomas J. Pryma
	 	 	 Name:
	 	 Thomas J. Pryma

	 	 	 Title:
	 	 President

	
	 PREGIS HOLDING II CORPORATION

		
	By:	 	/s/ Thomas J. Pryma
	 	 	 Name:
	 	 Thomas J. Pryma

	 	 	 Title:
	 	 President

	
	PREGIS CORPORATION
		
	By:	 	/s/ Thomas J. Pryma
	 	 	 Name:
	 	 Thomas J. Pryma

	 	 	 Title:
	 	 President

	
	 EXECUTIVE:

	
	/s/ C. William McBee
	 Name:
	 	 C. William McBee

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