Document:

Form of Management Option Unit Exchange Agreement

 Exhibit 10.41 
 FORM OF GRAHAM PACKAGING HOLDINGS COMPANY 
 MANAGEMENT OPTION UNIT 
 EXCHANGE AGREEMENT 
 This MANAGEMENT LIMITED PARTNERSHIP UNIT EXCHANGE AGREEMENT (this “Agreement”) is made and entered into as of January
    , 2010, by and between GRAHAM PACKAGING HOLDINGS COMPANY, a Pennsylvania limited partnership (the “Holdings”), GRAHAM PACKAGING COMPANY INC., a Delaware corporation (“Issuer”),
and                      (the “Management Holder”). 
 WHEREAS, The Management Holder owns certain limited partnership interests in the Company (the “Option Units”) which were purchased pursuant to the exercise of option award(s) granted to
the Management Holder pursuant to either the 2008 Graham Packaging Holdings Company Management Option Plan (the “2008 Plan”) or the 2004 Graham Packaging Holdings Company Management Option Plan (the “2004 Plan” and
when collective with the 2004 Plan, the “Option Plans”). 
 WHEREAS, on January     , 2010,
(the “IPO Effective Date”) Graham Packaging Holding Company, Inc., a corporation organized under the laws of the state of Delaware (“Graham”), completed an initial public offering and sale (the
“IPO”) of shares of common stock, $0.01 par value (“Common Stock”) of the Company pursuant to a registration statement (file number 333-163956) on Form S-1 for registration under the Securities Act of 1933, as
amended (the “Act”). 
 WHEREAS, effective January     , 2010, the Company amended and
restated its limited partnership agreement as the Sixth Amended and Restated Limited Partnership Agreement (the “Partnership Agreement”) and Graham amended and restated its certificate of incorporation to, among other things,
increase the number of shares of Common Stock authorized and effect a stock split for shares of Common Stock prior to the IPO (the “Reorganization”). 
 WHEREAS, in connection with the Reorganization, the Company and Management Holder desire to enter into this Exchange Agreement pursuant to which the Management Holder will exchange the Units received
pursuant to the Option Plans on a one for one basis for shares of Common Stock. 

 NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein
and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Definitions. 
 The following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary, applied to the terms of this Agreement. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Common Stock” has the meaning set forth in the preamble to this Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. 

“Exchange Date” has the meaning set forth in Section 2.1(b) of the Agreement. 
 “Exchange Rate” means the number of shares of Common Stock for which a Option Unit is entitled to be exchanged. On the date
of this Agreement, the Exchange Rate shall be 1 for 1, which Exchange Rate shall be subject to modification as provided in Section 2.4. 
 “General Partner” means BCP/Graham Holdings, L.L.C., the general partner of Holdings. 
 “Holdings” has the meaning set forth in the preamble to this Agreement. 
 “Issuer” has the meaning set forth in the preamble to this Agreement. 
 “Partnership
Agreement” has the meaning set forth in the preamble to this Agreement. 
 ARTICLE II 
 EXCHANGE OF OPTION UNITS 
 Section 2.1 Exchange of Option Units. 
 (a) Subject to adjustment as
provided in this Article II, to the provisions of the Partnership Agreement and to the provisions of Section 2.2 hereof, the Management Holder shall be entitled to exchange Option Units held by the Management Holder at any time and from time to
time. The Management Holder may surrender Option Units to Holdings in exchange for the delivery by the Issuer of a number of shares of Common Stock equal to the product of such number of Option Units surrendered multiplied by the Exchange Rate (an
“Exchange”). 
 (b) On the date Option Units are surrendered for exchange (the “Exchange
Date”), all rights of the Management Holder as holder of such Option Units, included any rights accruing under the Management Stockholders’ Agreement dated as of February 3, 1998, shall cease and such Option Units shall
automatically be extinguished, and the Management Holder shall be treated for all purposes as having become the record holder of such shares of Common Stock. 
 Section 2.2 Exchange Procedures. 
 (a) As promptly as practicable
following the surrender for exchange of Option Units in the manner provided in this Article II, the Issuer shall deliver or cause to be delivered at the principal executive offices of the Issuer or at the office of the Transfer Agent the number of
shares of Common Stock issuable upon such exchange, issued in the name of the Management Holder. 
  

 - 2 - 

 (b) The Issuer may adopt reasonable procedures for the implementation of the exchange
provisions set forth in this Article II, including, without limitation, procedures for the giving of notice of exchange and the surrender of the Option Units in the event that the Option Units are uncertificated. 
 Section 2.3 Exchange Restrictions. Notwithstanding anything to the contrary contained herein, the Management Holder shall not be
entitled to exchange Option Units, and the Issuer and Holdings shall have the right to refuse to honor any request for exchange of Option Units, (i) if such exchange would be prohibited under applicable law or regulation or (ii) if such
exchange would cause Holdings to be classified as a “publicly traded partnership” as such term is defined in Section 7704 of the Code and the regulations promulgated thereunder. 
 (b) Prior to the Issuers obligation to deliver shares of Common Stock pursuant to Section 2.2 above, the Management Holder shall
execute and agree to be bound by a Registration Rights Agreement in a form acceptable to the Issuer and the Company. 
 Section 2.4 Splits, Distributions and Reclassifications. The Exchange Rate shall be adjusted accordingly and equitably if there is: (1) any subdivision (by split, distribution, reclassification, recapitalization or
otherwise) or combination (by reverse split, reclassification, recapitalization or otherwise) of the Option Units that is not accompanied by an identical subdivision or combination of the shares of Common Stock; or (2) any subdivision (by
split, distribution, reclassification, recapitalization or otherwise) or combination (by reverse split, reclassification, recapitalization or otherwise) of the shares of Common Stock that is not accompanied by an identical subdivision or combination
of the Option Units. In the event of a reclassification or other similar transaction as a result of which the shares of Common Stock are converted into another security, then the Management Holder shall be entitled to receive upon exchange the
amount of such security that the Management Holder would have received if such exchange had occurred immediately prior to the effective date of such reclassification or other similar transaction. Except as may be required in the immediately
preceding sentence, no adjustments in respect of distributions shall be made upon the exchange of any Option Unit. 
 Section 2.5 Taxes. The delivery of shares of Common Stock upon exchange of Option Units shall be made without charge to the Management Holder for any stamp or other similar tax in respect of such issuance. 
 Section 2.6 Lock-Up. The Management Holder will not, without the prior written consent of the Issuer offer, sell, contract to
sell, pledge or otherwise dispose of, (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or
otherwise) of any shares of Common Stock directly or indirectly, including establishing or increasing a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with
respect to, any shares of Common Stock; or publicly announce an intention to effect any such transaction, for a period of 180 days after the IPO Effective Date. 
 Section 2.7 Common Stock Issued. For the avoidance of doubt, the shares of Common Stock issued in exchange for Option Units will not be registered under the Securities Act of 1933, as amended,
and will become registered securities only pursuant to a Registration Rights Agreement as described in Section 2.3(b) above. 
  

 - 3 - 

 Section 2.8 Reserves. At all times, Issuer shall maintain a minimum number of
unencumbered shares of Common Stock reserved for issuance equal to the product of the aggregate number of Option Units held by the Management Holder multiplied by the Exchange Rate. 
 ARTICLE III 
 GENERAL PROVISIONS

 Section 3.1 Representations and Warranties. 
 (a) The Issuer, Holdings and the Management Holder hereby represents and warrants to the respective other Parties as follows: 
 (i) it has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated
hereby; this Agreement has been duly executed and delivered by it and constitutes a valid and binding obligation of it, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; and 
 (ii) the execution, delivery and performance of this Agreement by it will not result in any material breach or violation of
or default or right of termination or acceleration under any statute, law, regulation, ordinance, rule, permit, concession, grant, franchise, license or other authorization or approval of any governmental authority, judgment, order or decree or any
mortgage, agreement, deed of trust, indenture or any other instrument to which it is a party or by which it or any of its properties or assets are bound or which is otherwise applicable to it. 
 (b) Each of Issuer and Holdings hereby represents and warrants to the Management Holder that, upon the valid surrender of Option Units
pursuant to an Exchange pursuant to the terms of this Agreement, the Common Stock delivered to the Management Holder pursuant to such Exchange shall be duly and validly authorized, fully paid and nonassessable, and shall be issued in the name of the
Management Holder or such other party as the Management Holder may designate in writing, without charge for any stamp or other similar tax in respect of such issuance, and will pass to the Management Holder or their designee, free and clear of any
liens, security interests and other encumbrances other than any such liens, security interests or other encumbrances imposed by the Management Holder or this Agreement. 
 (c) The Management Holder hereby represents that it hold of record and owns beneficially all of the Option Units, free and clear of any restrictions on transfer (other than any restrictions under the
Partnership Agreement), liens, options, warrants and purchase rights. The Management Holder is not a party to any option, warrant, purchase right or other contract or commitment (other than this Agreement or the Partnership Agreement) that requires
a the Management Holder to sell, transfer or otherwise dispose of Option Units. 
 Section 3.2 Amendment. The
provisions of this Agreement may be amended by the affirmative vote or written consent of each of the Issuer and Holdings and the holders of at least seventy-five percent (75%) of the Percentage Interests (as such term is defined in the
Partnership Agreement) of the Option Units. Without limiting the foregoing, any change, amendment, supplement or waiver which would have the effect of altering, supplementing or amending the Exchange Rate as adjusted from time to time pursuant to
Section 2.4 hereof or the adjustments thereto provided in Section 2.4 shall be approved by the Management Holder. 
  

 - 4 - 

 Section 3.3 Address and Notices. All notices, requests, claims, demands and
other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by courier service, by fax, by electronic mail (delivery receipt requested) or by registered or
certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be as specified in a notice given in accordance with this Section 3.3): 

 

	 	(a)	If to the Issuer or Holdings, to: 

 Graham Packaging Company Inc. 
 2401 Pleasant Valley Road 
 York, Pennsylvania 17402 
 Attention: Chief Legal Officer 
 Facsimile:
(717)         -         
 With a required copy to: 
 Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue 
 New York, New York 10017-3954 
 Attention: Wilson S. Neely 
 Facsimile: (212) 455-2502 
  

	 	(b)	If to the Management Holder, to Management Holder’s address on file with Graham. 

 Section 3.4 Further Assurances. The parties shall execute and deliver all documents, provide all information and take or refrain
from taking action as may be necessary or appropriate to achieve the purposes of this Agreement. 
 Section 3.5
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each of the parties hereto including, without limitation and without the need for an express assignment,
subsequent holders of option Units; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Option Units in violation of the terms of the Partnership Agreement or applicable law. Any Option Units
acquired from the Management (or a permitted assignee thereof) shall be entitled to all of the rights and be held subject to all of the obligations of this Agreement, and by taking and holding such Option Units, such assignee shall be conclusively
deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement. 
 Section 3.6
Third Party. Nothing in this Agreement, express or implied, is intended to or shall confer upon anyone other than the Parties and their respective successors and permitted assigns any right, benefit or remedy of any nature whatsoever under or
by reason of this Agreement. 
 Section 3.7 Section Headings. Headings contained in this Agreement are inserted only
as a matter of convenience and in no way define, limit or extend the scope or intent of this Agreement or any provisions thereof. 
 Section 3.8 Severability. If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement
shall nevertheless remain in full force and effect so

  

 - 5 - 

 
long as the economic or legal substance of the transactions is not affected in any manner materially adverse to any party. Upon a determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the
transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 
 Section 3.9
Integration. This Agreement constitutes the entire agreement among the Parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. 
 Section 3.10 Waiver. No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition
of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach of any other covenant, duty, agreement or condition. 
 Section 3.11 No Employment Contract. Nothing in this Agreement shall be construed as conferring upon the Management Holder any
right to continue in the employment of Holdings or any affiliate, nor shall it interfere with the rights of the Management Holder’s employer to terminate the employment of the Management Holder and/or to take any personnel action affecting the
Management Holder without regard to the effect which such action may have upon the Management Holder as a recipient or prospective recipient of benefits under this Agreement. Any amounts payable hereunder shall not be deemed salary or other
compensation to the Management Holder for the purposes of computing benefits to which the Management may be entitled under any other arrangement established pursuant to his employment. 
 Section 3.12 Submission to Jurisdiction; Waiver of Jury Trial. 
 (a) Any and all disputes which cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in
connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement (including the validity, scope and enforceability of this arbitration provision) shall be finally settled by arbitration conducted
by a single arbitrator in Delaware in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce. If the parties to the dispute fail to agree on the selection of an arbitrator within thirty (30) days of the
receipt of the request for arbitration, the International Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in the English language. Performance under this Agreement shall continue if
reasonably possible during any arbitration proceedings. 
 (b) Notwithstanding the provisions of paragraph (a), in the case of
matters relating to an Exchange, the Issuer may bring, on behalf of the Issuer or Holdings or on behalf of the Management Holder, an action or special proceeding in any court of competent jurisdiction for the purpose of compelling a party to
arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes of this paragraph (b), the Management Holder (i) expressly consents to the application of
sub-paragraphs (i) and (ii) below of this paragraph to any such action or proceeding, (ii) agrees that proof shall not be required that monetary damages for breach of the provisions of this Agreement would be difficult to calculate
and that remedies at law would be inadequate, and (iii) irrevocably appoints the Issuer, as the Management Holder’s agents for service of process in connection with any such action or proceeding and agrees that service of process upon such
agent, who shall promptly advise the Management Holder of any such service of process, shall be deemed in every respect effective service of process upon the Management Holder in any such action or proceeding. 
  

 - 6 - 

 (i) THE MANAGEMENT HOLDER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF
COURTS LOCATED IN WILMINGTON, DELAWARE FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION 3.11, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR
RELATING TO OR CONCERNING THIS AGREEMENT. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration award.
The parties acknowledge that the fora designated by this sub-paragraph (i) have a reasonable relation to this Agreement, and to the parties’ relationship with one another. 
 (ii) The parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter
may have to personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in the preceding sub-paragraph above and such parties agree not to plead or claim the same. 
 (c) Notwithstanding any provision of this Agreement to the contrary, this Section 3.12 shall be construed to the maximum extent possible
to comply with the laws of the State of Delaware, including the Delaware Uniform Arbitration Act (10 Del. C. § 5701 et seq.) (the “Delaware Arbitration Act”). If, nevertheless, it shall be determined by a court of competent
jurisdiction that any provision or wording of this Section 3.12, including any rules of the International Chamber of Commerce, shall be invalid or unenforceable under the Delaware Arbitration Act, or other applicable law, such invalidity shall
not invalidate all of this Section 3.12. In that case, this Section 3.12 shall be construed so as to limit any term or provision so as to make it valid or enforceable within the requirements of the Delaware Arbitration Act or other
applicable law, and, in the event such term or provision cannot be so limited, this Section 3.12 shall be construed to omit such invalid or unenforceable provision. 
 Section 3.13 Counterparts. This Agreement may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties hereto in separate
counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Copies of executed counterparts transmitted by telecopy or other electronic
transmission service shall be considered original executed counterparts for purposes of this Section 3.13. 
 Section 3.14 Tax Treatment. To the extent this Agreement imposes obligations upon Holdings or the General Partner, this Agreement shall be treated as part of the Partnership Agreement as described in Section 761(c) of the
Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations. 
 Section 3.15 Applicable Law.
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware. 
 [Remainder of
Page Intentionally Left Blank] 
  

 - 7 - 

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

					
	GRAHAM PACKAGING COMPANY INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	GRAHAM PACKAGING HOLDINGS COMPANY
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	MANAGEMENT HOLDER
	
	  

	Print Name:

  

 - 8 -Form of 2010 Equity Compensation Plan

 Exhibit 10.42 
 FORM OF GRAHAM PACKAGING COMPANY, INC. 
 2010 EQUITY
COMPENSATION PLAN 
 1. PURPOSE OF THE PLAN 
 The purpose of the Plan is to aid the Company and its Affiliates in recruiting and retaining key employees, directors, consultants and other service providers of outstanding ability and to motivate such
employees, directors, consultants and other service providers to exert their best efforts on behalf of the Company and its Affiliates by providing incentives through the granting of Awards. The Company expects that it will benefit from the added
interest which such key employees, directors, consultants and other service providers will have in the welfare of the Company as a result of their proprietary interest in the Company’s success. 
 2. DEFINITIONS 
 The following capitalized terms
used in the Plan have the respective meanings set forth in this Section: 
 (a) Act: The Securities Exchange Act of 1934,
as amended, or any successor thereto. 
 (b) Affiliate: With respect to the Company, any entity directly or indirectly
controlling, controlled by, or under common control with, the Company or any other entity designated by the Board in which the Company or an Affiliate has an interest. 
 (c) Award: An Option, Stock Appreciation Right or Other Stock-Based Award granted pursuant to the Plan. 
 (d) Beneficial Owner: A “beneficial owner”, as such term is defined in Rule 13d-3 under the Act (or any successor rule thereto). 
 (e) Board: The Board of Directors of the Company. 
 (f) Change of Control: 
 The occurrence of any of the following events: 
 (i) the sale or disposition, in one or a series of related transactions, of all or substantially all, of the assets of the Company to any
“person” or “group” (as such terms are defined in Sections 13(d)(3) or 14(d)(2) of the Act) other than the Permitted Holders; 
 (ii) any person or group, other than the Permitted Holders, is or becomes the Beneficial Owner (except that a person shall be deemed to have “beneficial ownership” of all shares that any such
person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 30% of the total voting power of the voting stock of the Company (or any entity which controls
the

 
Company), including by way of merger, consolidation, tender or exchange offer or otherwise, provided that, in no event shall this subsection 2(f)(ii) result in a Change of Control if a Permitted
Holder is the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the voting stock of the Company (or any entity which controls the Company); 
 (iii) a reorganization, recapitalization, merger or consolidation (a “Corporate Transaction”) involving the Company, unless
securities representing 50% or more of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the Company or the corporation resulting from such Corporate Transaction (or the
parent of such corporation) are held subsequent to such transaction by the person or persons who were the Beneficial Owners of the outstanding voting securities entitled to vote generally in the election of directors of the Company immediately prior
to such Corporate Transaction, in substantially the same proportions as their ownership immediately prior to such Corporate Transaction; or 
 (iv) during any period of two consecutive years, individuals who at the beginning of such period constituted the Board (together with any new directors whose election by such Board or whose nomination for
election by the shareholders of the Company was approved by a vote of a majority of the directors of the Company, then still in office, who were either directors at the beginning of such period or whose election or nomination for election was
previously so approved) cease for any reason to constitute a majority of the Board, then in office. 
 (g) Code: The
Internal Revenue Code of 1986, as amended, or any successor thereto. 
 (h) Committee: The Compensation Committee of the
Board (or a subcommittee thereof as provided under Section 4), or such other committee of the Board (including, without limitation, the full Board) to which the Board has delegated power to act under or pursuant to the provisions of the Plan.

 (i) Company: Graham Packaging Company, Inc., a Delaware corporation. 
 (j) Disability: Inability of a Participant to perform in all material respects his duties and responsibilities to the Company, or any
Subsidiary of the Company, by reason of a physical or mental disability or infirmity which inability is reasonably expected to be permanent and has continued (i) for a period of six consecutive months or (ii) such shorter period as the
Committee may reasonably determine in good faith. The Disability determination shall be in the sole discretion of the Committee and a Participant (or his representative) shall furnish the Committee with medical evidence documenting the
Participant’s disability or infirmity which is satisfactory to the Committee. 
 (k) Effective Date: The date the
Board approves the Plan, or such later date as is designated by the Board. 
 (l) Employment: The term
“Employment” as used herein shall be deemed to refer to (i) a Participant’s employment if the Participant is an employee of the Company or any of its Affiliates, (ii) a Participant’s services as a consultant or other
service provider, if the Participant is a consultant or other service provider to the Company or its Affiliates and (iii) a Participant’s services as an non-employee director, if the Participant is a non-employee member of the Board.

  

 - 2 - 

 (m) Fair Market Value: On a given date, (i) if there should be a public market
for the Shares on such date, the closing price of the Shares as reported on such date on the composite tape of the principal national securities exchange on which such Shares are listed or admitted to trading, or, if no composite tape exists for
such national securities exchange on such date, then the closing price on the principal national securities exchange on which such Shares are listed or admitted to trading, or, (ii) if the Shares are not listed or admitted on a national
securities exchange, the arithmetic mean of the per Share closing bid price and per Share closing asked price on such date as quoted on the National Association of Securities Dealers Automated Quotation System (or such market in which such prices
are regularly quoted), or, (iii) if there is no market on which the Shares are regularly quoted, the Fair Market Value shall be the value established by the Committee in good faith; provided, however that in determining the Fair
Market value, the Committee shall not apply a discount for any minority interest. With respect to (i) and (ii) above, if no sale of Shares shall have been reported on such composite tape or such national securities exchange on such date or
quoted on the National Association of Securities Dealer Automated Quotation System on such date, then the immediately preceding date on which sales of the Shares have been so reported or quoted shall be used. 
 (n) ISO: An Option that is also an incentive stock option granted pursuant to Section 6(d) of the Plan. 
 (o) Option: A stock option granted pursuant to Section 6 of the Plan. 
 (p) Option Price: The purchase price per Share of an Option, as determined pursuant to Section 6(a) of the Plan. 
 (q) Other Stock-Based Awards: Awards granted pursuant to Section 8 of the Plan. 
 (r) Participant: An employee, director, consultant or other service provider of the Company or any of its Affiliates who is selected
by the Committee to participate in the Plan. 
 (s) Performance-Based Awards: Certain Other Stock-Based Awards granted
pursuant to Section 8(b) of the Plan. 
 (t) Permitted Holders: “Permitted Holder” means, as of the date
of determination, any and all of (i) an employee benefit plan (or trust forming a part thereof) maintained by (A) the Company, or (B) any corporation or other Person of which a majority of its voting power of its voting equity
securities or equity interest is owned, directly or indirectly, by the Company, or (ii) any stockholder of the Company who, together with its affiliates, owns 50% or more of the total voting power of all classes of voting stock of the Company
as of the Effective Date, or any affiliate(s) of such stockholder. 
 (u) Person: A “person”, as such term is
used for purposes of Section 13(d) or 14(d) of the Act (or any successor section thereto). 
 (v) Plan: The Graham
Packaging Company, Inc. 2010 Equity Compensation Plan. 
 (w) Shares: Shares of common stock of the Company. 

 

 - 3 - 

 (x) Stock Appreciation Right: A stock appreciation right granted pursuant to
Section 7 of the Plan. 
 (y) Subsidiary: A subsidiary corporation, as defined in Section 424(f) of the Code
(or any successor section thereto). 
 3. SHARES SUBJECT TO THE PLAN 
 Subject to Section 9 of the Plan, the total number of Shares which may be issued under the Plan is
                     and the maximum number of Shares for which ISOs may be granted is
                    . The Shares may consist, in whole or in part, of unissued Shares or treasury Shares. The issuance of Shares or the payment of
cash upon the exercise of an Award or in consideration of the cancellation or termination of an Award shall reduce the total number of Shares available under the Plan, as applicable. Shares which are subject to Awards which terminate or lapse
without the payment of consideration may be granted again under the Plan. 
 4. ADMINISTRATION 
 The Plan shall be administered by the Committee. The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations
relating to the Plan, and to make any other determinations that it deems necessary or advisable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner
and to the extent the Committee deems necessary or advisable. Any decision of the Committee in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive
and binding on all parties concerned (including, but not limited to, Participants and their beneficiaries or successors). The Committee shall have the full power and authority to establish the terms and conditions of any Award consistent with the
provisions of the Plan and to waive any such terms and conditions at any time (including, without limitation, accelerating or waiving any vesting conditions). Determinations made by the Committee under the Plan need not be uniform and may be made
selectively among Participants, whether or not such Participants are similarly situated. Awards may, in the discretion of the Committee, be made under the Plan in assumption of, or in substitution for, outstanding awards previously granted by the
Company, any of its Affiliates or any of their respective predecessors, or any entity acquired by the Company or with which the Company combines. The number of Shares underlying such substitute awards shall be counted against the aggregate number of
Shares available for Awards under the Plan. The Committee shall require payment of any minimum amount it may determine to be necessary to withhold for federal, state, local or other, taxes as a result of the exercise, vesting or grant of an Award.
Unless the Committee specifies otherwise, the Participant may elect to pay a portion or all of such minimum withholding taxes by (a) delivery in Shares, or (b) having Shares withheld by the Company from any Shares that would have otherwise
been received by the Participant. The number of Shares so delivered or withheld shall have an aggregate Fair Market Value sufficient to satisfy the applicable minimum withholding taxes. 
  

 - 4 - 

 5. LIMITATIONS 
 No Award may be granted under the Plan after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond that date. 
 6. TERMS AND CONDITIONS OF OPTIONS 
 Options
granted under the Plan shall be, as determined by the Committee, non-qualified or incentive stock options for federal income tax purposes, as evidenced by the related Award agreements, and shall be subject to the foregoing and the following terms
and conditions and to such other terms and conditions, not inconsistent therewith, as the Committee shall determine: 
 (a)
Option Price. The Option Price per Share shall be determined by the Committee, but shall not be less than 100% of the Fair Market Value of a Share on the date an Option is granted (other than in the case of Options granted in substitution of
previously granted awards, as described in Section 4). 
 (b) Exercisability. Options granted under the Plan shall
be exercisable at such time and upon such terms and conditions as may be determined by the Committee, but in no event shall an Option be exercisable more than ten years after the date it is granted. Each Award agreement shall set forth the extent to
which the Participant shall have the right to exercise the Option following termination of the Participant’s employment or service with the Company or its Affiliates. Such provisions shall be determined in the sole discretion of the Committee,
shall be included in the Award agreements, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination. 
 (c) Exercise of Options. Except as otherwise provided in the Plan or in an Award agreement, an Option may be exercised for all, or
from time to time any part, of the Shares for which it is then exercisable. For purposes of Section 6 of the Plan, the exercise date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable,
the date payment is received by the Company pursuant to clauses (i), (ii), (iii) or (iv) in the following sentence. The purchase price for the Shares as to which an Option is exercised shall be paid to the Company to the extent permitted
by law, (i) in cash or its equivalent (e.g., by personal check) at the time the Option is exercised, (ii) in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and satisfying such other
requirements as may be imposed by the Committee; provided, that such Shares have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee in order to avoid adverse
accounting treatment applying generally accepted accounting principles), (iii) partly in cash and partly in Shares (as described in (ii) above), (iv) if there is a public market for the Shares at such time, through the delivery of
irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such Sale equal to the aggregate Option Price for the Shares being purchased, or
(v) to the extent the Committee shall approve in the Award agreement or otherwise, through “net settlement” in Shares. In the case of a “net settlement” of an Option, the Company will not require a cash payment of the Option
Price of the Option set forth in the Award agreement, but will reduce the number of Shares issued upon the exercise by the largest number of whole Shares that have a Fair Market Value that does not

  

 - 5 - 

 
exceed the aggregate Option Price set forth in the Award agreement. With respect to any remaining balance of the aggregate Option Price, the Company shall accept a cash payment. No Participant
shall have any rights to dividends or other rights of a shareholder with respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option, paid in full for such Shares and, if applicable, has satisfied
any other conditions imposed by the Committee pursuant to the Plan. 
 (d) ISOs. The Committee may grant Options under
the Plan that are intended to be ISOs. Such ISOs shall comply with the requirements of Section 422 of the Code (or any successor section thereto). No ISO may be granted to any Participant who at the time of such grant, owns more than 10% of the
total combined voting power of all classes of stock of the Company or of any Subsidiary, unless (i) the Option Price for such ISO is at least 110% of the Fair Market Value of a Share on the date the ISO is granted and (ii) the date on
which such ISO terminates is a date not later than the day preceding the fifth anniversary of the date on which the ISO is granted. Any Participant who disposes of Shares acquired upon the exercise of an ISO either (i) within two years after
the date of grant of such ISO or (ii) within one year after the transfer of such Shares to the Participant, shall notify the Company of such disposition and of the amount realized upon such disposition. All Options granted under the Plan are
intended to be nonqualified stock options, unless the applicable Award agreement expressly states that the Option is intended to be an ISO. If an Option is intended to be an ISO, and if for any reason such Option (or portion thereof) shall not
qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a nonqualified stock option granted under the Plan; provided that such Option (or portion thereof) otherwise complies with
the Plan’s requirements relating to nonqualified stock options. In no event shall any member of the Committee, the Company or any of its Affiliates (or their respective employees, officers or directors) have any liability to any Participant (or
any other Person) due to the failure of an Option to qualify for any reason as an ISO. 
 (e) Attestation. Wherever in
this Plan or any agreement evidencing an Award a Participant is permitted to pay the exercise price of an Option or taxes relating to the exercise of an Option by delivering Shares, the Participant may, subject to procedures satisfactory to the
Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company shall treat the Option as exercised without further payment and/or shall withhold such number of Shares from the
Shares acquired by the exercise of the Option, as appropriate. 
 7. TERMS AND CONDITIONS OF STOCK APPRECIATION RIGHTS 
 (a) Grants. The Committee may also grant (i) a Stock Appreciation Right independent of an Option or (ii) a Stock
Appreciation Right in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option is granted or at any time prior
to the exercise or cancellation of the related Option, (B) shall cover the same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine), and (C) shall be subject to the same terms and
conditions as such Option except for such additional limitations as are contemplated by this Section 7 (or such additional limitations as may be included in an Award agreement). 
  

 - 6 - 

 (b) Terms. The exercise price per Share of a Stock Appreciation Right shall be an
amount determined by the Committee but in no event shall such amount be less than the Fair Market Value of a Share on the date the Stock Appreciation Right is granted (other than in the case of a Stock Appreciation Right granted in substitution of
previously granted awards, as described in Section 4); provided, however, that, in the case of a Stock Appreciation Right granted in conjunction with an Option, or a portion thereof, the exercise price may not be less than the
Option Price of the related Option. Each Stock Appreciation Right granted independent of an Option shall entitle a Participant upon exercise to an amount equal to (i) the excess of (A) the Fair Market Value on the exercise date of one
Share over (B) the exercise price per Share, times (ii) the number of Shares covered by the Stock Appreciation Right. Each Stock Appreciation Right granted in conjunction with an Option, or a portion thereof, shall entitle a Participant to
surrender to the Company the unexercised Option, or any portion thereof, and to receive from the Company in exchange therefor an amount equal to the product of (i) the excess of (A) the Fair Market Value on the exercise date of one Share
over (B) the Option Price per Share, times (ii) the number of Shares covered by the Option, or portion thereof, which is surrendered. The date on which a notice of exercise is received by the Company shall be the exercise date. Payment
shall be made in Shares or in cash, or partly in Shares and partly in cash (any such Shares valued at such Fair Market Value), as set forth in the Award agreement or as otherwise permitted by the Committee. Stock Appreciation Rights may be exercised
from time to time upon actual receipt by the Company of written notice of exercise stating the number of Shares with respect to which the Stock Appreciation Right is being exercised. No fractional Shares will be issued in payment for Stock
Appreciation Rights, but instead cash will be paid for a fraction or, if the Committee should so determine, the number of Shares will be rounded downward to the next whole Share. 
 (c) Limitations. The Committee may impose, in its discretion, such conditions upon the exercisability or transferability of Stock
Appreciation Rights as it may deem fit, but in no event shall a Stock Appreciation Right be exercisable more than ten years after the date it is granted. 
 OTHER STOCK-BASED AWARDS 
 (d) Generally. The Committee, in its sole
discretion, may grant or sell Awards of Shares, Awards of restricted Shares and Awards that are valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares (“Other Stock-Based Awards”).
Such Other Stock-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the
completion of a specified period of service, the occurrence of an event and/or the attainment of performance objectives. Other Stock-Based Awards may be granted alone or in addition to any other Awards granted under the Plan. Subject to the
provisions of the Plan, the Committee shall determine to whom and when Other Stock-Based Awards will be made, the number of Shares to be awarded under (or otherwise related to) such Other Stock-Based Awards; whether such Other Stock-Based Awards
shall be settled in cash, Shares or a combination of cash and Shares; and all other terms and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions ensuring that all Shares so awarded and issued
shall be fully paid and non-assessable). 
  

 - 7 - 

 (e) Performance-Based Awards. Notwithstanding anything to the contrary herein,
certain Other Stock-Based Awards granted under this Section 8 may be based on the attainment of written performance goals approved by the Committee for a performance period established by the Committee (“Performance-Based
Awards”). The Committee shall determine whether, with respect to a performance period, the applicable performance goals have been met with respect to a given Participant and, if they have, shall so certify. In connection with such
certification, the Committee, or its delegate, may decide that the amount of the Performance-Based Award actually paid to a given Participant may be less than the amount determined by the applicable performance goal formula; provided that the
Committee shall have the authority to waive any applicable performance goals. In the event the applicable performance goals are not waived by the Committee, payment of a Performance-Based Award will occur only after certification and will be made as
determined by the Committee in its sole discretion after the end of the applicable performance period. 
 8. ADJUSTMENTS UPON CERTAIN EVENTS

 Notwithstanding any other provisions in the Plan to the contrary, the following provisions shall apply to all Awards granted under the Plan:

 (a) Generally. In the event of any change in the outstanding Shares after the Effective Date by reason of any Share
dividend or split, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of Shares or other corporate exchange or change in capital structure, any distribution to shareholders of Shares (other than regular cash
dividends) or any similar event, the Committee without liability to any person shall make such substitution or adjustment, if any, as it deems to be equitable (subject to Section 17), as to the number or kind of Shares or other securities
issued or reserved for issuance as set forth in Section 3 of the Plan or pursuant to outstanding Awards; provided that the Committee shall determine in its sole discretion the manner in which such substitution or adjustment shall be
made. 
 (b) Change of Control. In the event of a Change of Control (or similar corporate transaction, whether or not
including any Permitted Holder) after the Effective Date, the Committee shall accelerate, vest or cause the restrictions to lapse with respect to all or any portion of an Award. With respect to any awards that are vested pursuant to the preceding
sentence, the Committee may (A) cancel such Awards for fair value (as determined in the sole discretion of the Committee) which, in the case of Options and Stock Appreciation Rights, may equal the excess, if any, of value of the consideration
to be paid in the Change of Control transaction to holders of the same number of Shares subject to such Options or Stock Appreciation Rights (or, if no consideration is paid in any such transaction, the Fair Market Value of the Shares subject to
such Options or Stock Appreciation Rights) over the aggregate exercise price of such Options or Stock Appreciation Rights, (B) provide for the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any
affected Awards previously granted hereunder as determined by the Committee in its sole discretion or (C) provide that for a period of at least 10 days prior to the Change of Control, such Options shall be exercisable as to all shares subject
thereto and that upon the occurrence of the Change of Control, such Options shall terminate and be of no further force or effect. For the avoidance of doubt, pursuant to (A) above, the Committee may cancel Options and Stock Appreciation Rights

  

 - 8 - 

 
for no consideration if the aggregate Fair Market Value of the Shares subject to such Options or Stock Appreciation Rights is less than or equal to the aggregate Option Price of such Options or
exercise price of such Stock Appreciation Rights. 
 9. NO RIGHT TO EMPLOYMENT OR AWARDS 
 The granting of an Award under the Plan shall impose no obligation on the Company or any of its Affiliate to continue the Employment of a
Participant and shall not lessen or affect the Company’s or any of its Affiliate’s right to terminate the Employment of such Participant. No Participant or other Person shall have any claim to be granted any Award, and there is no
obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to
each Participant (whether or not such Participants are similarly situated). 
 10. SUCCESSORS AND ASSIGNS 
 The Plan shall be binding on all successors and assigns of the Company and the Participants, including, without limitation, the estate of
each such Participant and the executor, administrator or trustee of such estate, and any receiver or trustee in bankruptcy or any other representative of the Participant’s creditors. 
 11. NONTRANSFERABILITY OF AWARDS 
 Unless otherwise determined by the Committee, an Award shall not be transferable or assignable by the Participant otherwise than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may
be exercised by the legatees, personal representatives or distributees of the Participant. 
 12. AMENDMENTS OR TERMINATION 
 The Committee may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which, (a) without the approval of
the shareholders of the Company, would (except as is provided in Section 9 of the Plan), increase the total number of Shares reserved for the purposes of the Plan or change the maximum number of Shares for which Awards may be granted to any
Participant, or (b) without the consent of a Participant, would materially adversely impair any of the rights under any Award theretofore granted to such Participant under the Plan; provided, however, that the Committee may amend
the Plan in such manner as it deems necessary to permit the granting of Awards meeting the requirements of the Code or other applicable laws (including, without limitation, to avoid adverse tax consequences to the Company or any Participant).

 Without limiting the generality of the foregoing, to the extent applicable, notwithstanding anything herein to the contrary, this Plan and
Awards issued hereunder shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulations or other
guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that the Committee determines that any amounts payable hereunder will be taxable to a Participant under Section 409A
of the Code and related

  

 - 9 - 

 
Department of Treasury guidance prior to payment to such Participant of such amount, the Company may (a) adopt such amendments to the Plan and Awards and appropriate policies and procedures,
including amendments and policies with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Plan and Awards hereunder, and/or (b) take such other
actions as the Committee determines necessary or appropriate to avoid the imposition of an additional tax under Section 409A of the Code. 
 13.
INTERNATIONAL PARTICIPANTS 
 With respect to Participants who reside or work outside the United States of America and who are not (and who are
not expected to be) “covered employees” within the meaning of Section 162(m) of the Code, the Committee may, in its sole discretion, amend the terms of the Plan or Awards with respect to such Participants in order to conform such
terms with the requirements of local law or to obtain more favorable tax or other treatment for a Participant, the Company or an Affiliate. 
 14. CHOICE OF LAW 
 The Plan shall be governed by and construed in accordance with the laws of the State of [Delaware] without regard
to conflicts of laws. 
 15. EFFECTIVENESS OF THE PLAN 
 The Plan shall be effective as of the Effective Date, subject to the approval of the Company’s shareholders. 
 16. SECTION 409A 
 Notwithstanding other provisions of the Plan or any Award agreements thereunder,
no Award shall be granted, deferred, accelerated, extended, paid out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant. In the event that it is
reasonably determined by the Committee that, as a result of Section 409A of the Code, any payment or delivery of Shares in respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant
Award agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A of the Code, the Company will make such payment or delivery of Shares on the first day that would not result in
the Participant incurring any tax liability under Section 409A of the Code. In the case of a Participant who is a “specified employee” (within the meaning of Section 409A(a)(2)(B)(i) of the Code), any payment and/or delivery of
Shares in respect of any Award subject to Section 409A of the Code that are linked to the date of the Participant’s separation from service shall not be made prior to the date which is six (6) months after the date of such
Participant’s separation from service from the Company and its affiliates, determined in accordance with Section 409A of the Code and the regulations promulgated thereunder. The Company shall use commercially reasonable efforts to
implement the provisions of this Section 17 in good faith; provided that neither the Company, the Committee nor any of the Company’s employees, directors or representatives shall have any liability to Participants with
respect to this Section 17. 
  

 - 10 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]