Document:

EMPLOYMENT AGREEMENT

    THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into effective May 1,
2004 by and between Spartech Corporation, a Delaware corporation ("Employer"),
and Steven J Ploeger ("Employee").

    WHEREAS, Employer desires to employ Employee, and Employee is willing to
accept such employment on the terms hereinafter set forth,

    NOW, THEREFORE, the parties agree as follows:

    1.  Employment.  Employer hereby agrees to employ Employee, and Employee
agrees to accept such employment, on the terms and conditions hereinafter set
forth.  This Agreement supersedes in its entirety the Employment Agreement dated
January 1, 2003 between Employee and Spartech Plastics, Inc., and Employee's
employment under this Agreement shall be deemed to be a continuation of his
employment with Spartech.

    2.  Term.  The term of this Agreement shall commence May 1, 2004 and, unless
earlier terminated as provided herein, shall expire April 30, 2007.  However,
should Employer and Employee continue Employee's employment thereafter, Employee
will thereupon become an at-will employee with no fixed term of employment upon
the terms stated in the following Sections of this Agreement, to the extent
their terms permit, unless and until Employer and Employee either enter into a
new written employment agreement or agree otherwise in writing.

    3.  Duties.  Employer employs Employee to act in an executive capacity, with
the initial title of Executive Vice President - Custom Sheet and Rollstock, on
behalf of Employer and Employer's subsidiaries (Employer and its subsidiaries
being herein referred to collectively as "Spartech"), on all aspects of
Spartech's business, as and when requested, and at such times and places as
Employer shall reasonably request, subject always to the control and direction
of Employer's Chief Executive Officer.  Employee also agrees to serve as an
officer and/or director of any Spartech-affiliated entity.  During the term of
this Agreement, Employee (a) will serve Employer faithfully, diligently and to
the best of his ability, and (b) will devote his best efforts and his entire
working time, attention and skill to the performance of his duties hereunder and
to promoting and furthering the interests of Spartech.  While he is so employed,
Employee will not, without the prior written consent of Employer, render any
services to any business concern other than Spartech; provided, however, that
nothing herein shall prevent Employee from (i) engaging in additional activities
in connection with personal investments which do not interfere or conflict with
his duties hereunder, or (ii) making any investment in any publicly traded
company so long as such investment does not exceed one percent of the
outstanding securities of any class.

    4.  Compensation.

    (a) Subject to periodic review for cost of living and/or merit and other
increases, Employer agrees to pay Employee a base salary of $275,000 annually.

    (b) Employee shall be eligible for an annual discretionary bonus based upon
his performance, the overall results of the Employer's operations, and the
results of the operations of Employer's Custom Sheet & Rollstock business group,
to be determined and paid in accordance with the terms and conditions of
Employer's executive bonus program as in effect from time to time.  Any such
bonus shall be subject to approval by Employer's Chief Executive Officer and/or
the Compensation Committee of Employer's Board of Directors.

    (c) Employee may also participate in all stock option and stock purchase
plans, insurance, medical and other employee benefit programs currently
established and hereafter instituted by Employer which are generally available
to other employees of comparable position and responsibility. For the term of
this Agreement, Employer shall maintain term life insurance for Employee's
designated beneficiaries in the amount of at least $250,000.

    (d) Employer shall advance or reimburse to Employee the expenses reasonably
incurred by Employee in the discharge of Employee's duties hereunder, consistent
with the necessities of the operation of the business and Employer's expense
reimbursement policies.

    (e) Employee shall be entitled to indemnification under Employer's
Certificate of Incorporation, Bylaws and insurance policies and other contracts
to the same extent as the other executive officers of Employer.  The parties
acknowledge having entered into an Indemnification Agreement in the current
standard form for Employer's executive officers, effective May 1, 2004.

    5.  Transition and Non-Disclosure Covenants.

    (a) Employee acknowledges that as a result of his employment by Employer he
has acquired, and in the future will use and acquire, knowledge and information
utilized by Spartech in its business which may not be generally available to the
public or to other persons in the plastics business ("Confidential
Information"), including, without limitation, Spartech's systems, procedures,
formulas, processes, confidential reports, business plans, customer lists,
pricing and margin information, production or processing information or
instructions, data applicable to methods of manufacture, types, suppliers and
costs of raw materials, and all other information of a confidential or secret
nature applicable to Spartech, its customers and the manner of conducting its
business.  As a material inducement to Employer to enter into this Agreement and
to pay Employee the compensation set forth herein, Employee agrees that he will
not, at any time, directly or indirectly, divulge or disclose to any person, for
any purpose, any Confidential Information, except to those persons authorized by
Spartech to receive Confidential Information and except for information which
becomes publicly available through no fault of Employee.

    (b) Employee shall, upon termination of his employment hereunder and as a
prior condition to receiving final wages, return to Employer all property of
Spartech and all other tangible embodiments of Confidential Information,
including, without limitation, books, records and notes, duplicate invoices,
correspondence, schedules and calendars, formulas, code books, price lists,
samples, manuals, equipment, files, software and storage media.  As a prior
condition to his receiving final wages, Employee, if requested, shall also
execute an affidavit to the effect that he has complied with the provisions of
this paragraph 5(b).

    (c) Employee acknowledges that he is being employed in a position of
authority and responsibility; that as part of the normal and necessary scope of
such authority and responsibility Spartech will impart to Employee, or Employee
will otherwise acquire, knowledge specifically applicable to Spartech's business
which may be known uniquely to Employee or which may be difficult to compile
from other employees in a timely manner; and that Spartech's willingness to
employ Employee is expressly conditioned on Employee's agreement to assist
Spartech with any necessary post-termination transition of such specialized
knowledge.  By way of example and without limitation, such knowledge may include
passwords or access codes, work procedures, hardware and software operating
information, customer or supplier contact information, the status of pending
matters, and actions required to be taken by Spartech within a short time after
termination.  Employee therefore agrees that upon termination of Employee's
employment, whether by Employee or Employer and for whatever reason, Employee
will, without additional consideration, and if, as and when reasonably and
specifically requested by Spartech, impart such knowledge to such person or
persons as may be designated by Spartech; provided that to the extent
practicable, Employee may impart such knowledge orally rather than in writing
and at times and in a manner that will not interfere with any subsequent
employment; and Spartech will reimburse Employee for any actual and reasonable
expenses incurred by Employee in imparting such knowledge.

    (d) If and as reasonably requested by Spartech, Employee will make himself
available after both during and after the termination of his employment for
interviews, depositions and/or testimony relating to, and will otherwise
cooperate with and assist Spartech in the resolution and/or defense of, any
claims arising out of the business of Spartech or out of Employee's acts or
omissions while employed by Spartech, provided that Spartech will reimburse
Employee for his actual and reasonable expenses, and any lost wages, incurred as
a result of such cooperation and assistance.

    (e) In consideration of the salary and other benefits to be paid to Employee
under this Agreement, Employee expressly agrees that the covenants in Sections
5, 6, 7 and 8 shall remain in effect not only during Employee's entire term of
employment under this Agreement but also thereafter according to their terms,
notwithstanding the expiration of the term stated in Section 2, unless and until
Employer and Employee either (i) enter into a new written employment agreement
without such covenants, or (ii) agree in writing to terminate such covenants, or
(iii) otherwise expressly agree in writing.

    6.  Non-Competition and Non-Solicitation Covenants.

    (a) During his employment by Employer, and thereafter for the period
described in paragraph 6(c), Employee will not, directly or indirectly, except
as a passive investor in publicly held companies in which he has less than a one
percent interest, engage in, own or control any interest in or act as director,
officer or employee of, or consultant to, any firm or corporation, directly or
indirectly engaged, as these terms may be reasonably construed, in a business
substantially similar to that operated by Employer or Spartech on the date of
termination, in the territories where Employer or Spartech manufacture or
distribute their products.

    (b) During his employment by Employer, and thereafter for the period
described in paragraph 6(c), Employee will not, directly or indirectly, induce
or attempt to induce any employee of Employer or Spartech to leave the
employment of Employer or Spartech, or employ or attempt to employ any of such
employees within 90 days after any termination of their employment with Employer
or Spartech.

    (c) If Employee's employment is terminated for Cause or because of
Employee's resignation or disability, then the restrictions described in
paragraphs 6(a) and 6(b) will continue for a period of one year after the
effective termination date.  If Employee's employment is terminated for any
reason other than Cause or Employee's resignation or disability, then the
restrictions described in paragraphs 6(a) and 6(b) will continue for the period,
if any, during which Employer continues to pay Employee his final base salary
pursuant to paragraph 10(a), whether more or less than one year, provided that
if at the time of such termination the remaining term of this Agreement is less
than one year, Employer may, at its sole option, extend such restrictions for a
total period of up to one year after the termination of Employee's employment by
continuing to pay Employee his final base salary during the extended period plus
a bonus equal to a pro rata portion of the average bonus paid to him over the
previous two years based on the number of days by which the extended period
exceeds the remaining term of this Agreement, paid at the same times as
Spartech's normal bonus payments for continuing employees.

    7.  Inventions.  Employee acknowledges that all inventions, production
processes, techniques, programs, patents, discoveries, formulas and improvements
invented, discovered or learned by Employee during employment hereunder, and
relating to Spartech's business, will be disclosed to Employer and will be the
sole property of Employer, and Employee will assign all rights to such
inventions and other intellectual property to Spartech upon Employer's request
without further consideration.  The restraints on Employee, as set forth in this
Section 7, however, shall not apply to those inventions for which no equipment,
supplies, facility or trade secret information of Spartech was used and which
was developed entirely on Employee's own time and which does not relate to
Spartech's business or to Spartech's actual or demonstrably anticipated research
or development, or which did not result from any work performed by Employee for
Spartech.

    8.  Remedies.  By reason of the fact that irreparable harm would be
sustained by Employer if there is any breach by Employee of the provisions of
Sections 5, 6 and 7 hereof, it is agreed that, in addition to any other rights
which Employer may have under this Agreement or at law or in equity, Employer
shall be entitled to apply to any court of competent jurisdiction for, and
obtain, injunctive relief against Employee or against any third party, in order
to prevent any breach or threatened breach of such provisions.

    9.  Death During Employment.  If Employee should die during the term of this
Agreement, Employer's only obligation shall be to pay Employee's spouse, or his
estate if he has no spouse, his base salary to the date of his death, plus any
accrued and unpaid bonus for the previous year, plus a bonus for the current
year equal to a pro rata portion of the average bonus paid to him over the
previous two years, based on the number of days in the current year to and
including the Employee's death, plus any vacation and fringe benefits accrued to
the date of death in accordance with Employer's vacation and fringe benefit
policies.

    10. Termination.  Notwithstanding anything herein to the contrary, Employer
shall have the right to terminate Employee's employment as follows:

    (a) Employer may terminate Employee's employment without Cause upon written
notice to Employee. In the event of such termination, Employer shall have no
obligation to pay Employee any further compensation except to pay Employee's
final base salary for the remaining term of this Agreement, paid when such
salary would have been payable if Employee had remained employed, plus any
accrued and unpaid bonus for the previous year, plus a bonus equal to the
average bonus paid to him over the previous two years, paid at the same times as
Spartech's normal bonus payments for continuing employees, plus any vacation and
fringe benefits accrued to the effective date of termination in accordance with
Employer's vacation and fringe benefit policies.

    (b) Employer may terminate Employee's employment at any time for Cause.
"Cause" as used herein means any of the following:

    (i) Conviction of a misdemeanor involving physical harm, moral turpitude,
        fraud or misappropriation, or conviction of any felony; or

    (ii)    Dishonesty or theft materially adversely affecting Employer's or
        Spartech's assets, business reputation or standing in the community; or

    (iii)   Drunkenness or drug abuse in violation of Employer's or Spartech's
        policies or affecting Employee's performance of Employee's usual and
        customary employment or materially adversely affecting Employer's or
        Spartech's assets, business reputation or standing in the community; or

    (iv)    The failure of Employee, within ten days after receipt of written
        notice thereof from Employer's or Spartech's Chief Executive Officer, to
        correct, cease or otherwise alter any failure to use best efforts to
        comply with Employer's or Spartech's lawful policies or reasonable
        instructions concerning Employee's employment; or

    (v) Any violation of Company policy or any other act or circumstance
        constituting "cause" at common law if the violation, act or circumstance
        is determined by Employer's or Spartech's Chief Executive Officer or
        Board of Directors to have a substantial likelihood of materially
        adversely affecting Employer's or Spartech's assets or business, or, if
        it is or were to become publicly known, Employer's or Spartech's
        business reputation or standing in the community.

In the event of termination for Cause, Employer shall have no obligation to pay
Employee any further compensation except to pay Employee's base salary accrued
to the effective date of termination, plus any accrued and unpaid bonus for the
previous year, and to pay any vacation and fringe benefits accrued to the
effective date of termination in accordance with Employer's vacation and fringe
benefit policies.

    (c) Employer may terminate Employee's employment by reason of disability
upon written notice to Employee if the Employee, because of physical or mental
incapacity, illness or disability, fails in any material respect to perform the
services required of him hereunder for a continuous period of 120 days, or for
shorter periods aggregating 180 days or more in any consecutive period of 240
days, or for such lesser period as constitutes the waiting period for benefits
under any disability insurance policy maintained for Employee.  In the event of
termination by reason of disability, Employer shall have no obligation to pay
Employee any further compensation except to pay Employee's base salary for the
waiting period under any long-term disability insurance policy under which
Employee is insured, or if there is no such policy then for a period of 90 days
after the effective date of termination, to pay any accrued and unpaid bonus for
the previous year, plus a bonus for the current year equal to a pro rata portion
of the average bonus paid to him over the previous two years, based on the
number of days in the current year to and including the effective date of
termination, and to pay any vacation and fringe benefits accrued to the
effective date of termination in accordance with Employer's vacation and fringe
benefit policies.

    11. Severability.  If any part of this Agreement is found to be void or
unenforceable for any reason, the remainder of this Agreement shall be severable
and may be enforced according to its terms.

    12. Benefit; Assignment.  This Agreement shall inure to the benefit of and
be binding upon Employee, his heirs, executors and administrators, and upon
Employer and its successors; but this Agreement may not be assigned by either
party except (i) by operation of law upon a merger or consolidation of Employer
into or with another corporation, or (ii) by Employer in connection with a sale
of its business or any part thereof.  Employee hereby expressly consents to any
such assignment and agrees to render his services hereunder to any such
assignee.

    13. Headings.  The headings have been inserted in this Agreement for
convenience only and shall not affect the interpretation hereof.

    14. Entire Agreement.  This Agreement contains the entire understanding of
the parties and may not be amended or changed except by an agreement in writing
signed by the parties.

    15. Notices.  Any notices required or permitted hereunder shall be addressed
to Employer at its principal office and to Employee at his address as it appears
in the records of the Employer, or at such other address as either party may
have furnished to the other for such purpose in writing.

    16. Applicable Law.  This Agreement has been entered into in, and shall be
construed under the laws of, the State of Missouri.

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

                        Employer:   SPARTECH CORPORATION

                                By: s/BRADLEY B. BUECHLER
                                    Bradley B. Buechler
                                    Chairman of the Board, President
                                        and Chief Executive Officer

                        Employee:   s/STEVEN J. PLOEGER
                                    Steven J. PloegerFIRST AMENDMENT AND RESTATEMENT
                                     OF THE
                              SPARTECH CORPORATION
                    NON-QUALIFIED DEFERRED COMPENSATION PLAN

    WHEREAS, Spartech adopted its Non-Qualified Deferred Compensation Plan
effective January 1, 1994, to provide certain employees with additional
retirement benefits through the Plan, in order to encourage their continued
employment with Spartech; and

    WHEREAS, this amendment and restatement of the Plan has been approved by the
Board;

    NOW, THEREFORE, the Plan is amended and restated to read as follows,
effective January 1, 2000:

    Article 1.  Definitions.

    "Account" or "Deferred Compensation Account" means an account established
for a Participant pursuant to Section 4.1, or the balance thereof, according to
the context.

    "Affiliated Company" means any corporation which is a member of the
controlled group of corporations of which Spartech is a member, as determined by
Section 1563(a) of the Code, without regard to Sections 1563(a)(4) and (4)(3)(C)
of the Code.

    "Beneficiary" means any person, corporation or trust last designated by a
Participant in writing to receive benefits provided under the Plan.  Provided,
that if a designation is not made or cannot be located by the time the payment
of Benefits commences, or if the named Beneficiary predeceases the Participant
and no contingent Beneficiary has been named, the Beneficiary shall be the
Participant's Spouse, if such Spouse survives the Participant; or if the Spouse
does not survive the Participant, the Beneficiaries shall be the Participant's
descendants (including adopted children), per stirpes; or if no descendants
survive the Participant, the Beneficiary shall be the Participant's estate.

    "Benefits" has the meaning given in Section 5.4.

    "Board" means the board of directors of Spartech.

    "Cause" means proven dishonesty or theft, conviction of a felony, habitual
drunkenness or drug abuse or material breach of the Participant's employment
contract with Spartech or an Affiliated Company; a determination of whether
Cause exists in any given situation shall be in the sole discretion of the
Board.  In addition, termination of the Participant's employment for "cause"
either under applicable law or as defined in the Participant's employment
contract shall be "Cause" under this Plan.

    "Code" means the Internal Revenue Code of 1986, as amended.

    "Compensation" means, with respect to any Active Participant, the total
amount shown on Internal Revenue Service Form W-2 for a calendar year as
compensation for FICA and Medicare tax purposes.

    "Eligible Employee" means a person who serves as a managerial employee of
Spartech or any of its Affiliated Companies.

    "Participant" means an Eligible Employee who has been designated to
participate in the Plan and who has executed a Participation Agreement pursuant
to Section 2.1.  A Participant will be either an "Active Participant" or an
"Inactive Participant" as described in Article 2.

    "Permanent Disability" means a physical or mental condition of a Participant
resulting from injury, disease, or mental disorder which renders the Participant
incapable of continuing his usual and customary employment with Spartech or an
Affiliated Company.  The disability of a Participant shall be determined by a
licensed physician chosen by Spartech.  The criteria for such determination
shall be applied uniformly to all Participants.

    "Plan" means this Spartech Corporation Non-Qualified Deferred Compensation
Plan, as heretofore or hereafter amended and/or restated.

    "Qualifying Period" means a twelve-month period which (i) begins on the date
the Participant is employed by Spartech or an Affiliated Company on a permanent,
full-time basis or any anniversary thereof, and (ii) ends on or after January 1,
1994.

    "Spartech" means Spartech Corporation, a Delaware corporation, which has
adopted the Plan.

    "Spouse" means the person, if any, to whom the Participant is legally
married at the time of his death.

    "Termination" has the meaning given in Section 5.3.

    "Trustee" means the person or entity named as trustee under the Trust.

    "Trust" means the Spartech Corporation Non Qualified Deferred Compensation
Trust.

    "Vested Percentage" means a percentage determined as set out in Section 5.4.

    "Years of Service" means a whole number determined as set out in Section
5.1.

    Article 2.  Participation In The Plan.

    2.1 Any Eligible Employee may be designated by the Board to become a
Participant in the Plan, effective as of the date the Participant becomes an
Eligible Employee or such later date as the Board may determine.  As a condition
of his participation in the Plan, an Eligible Employee so designated must
complete and execute a Participation Agreement in the form attached hereto or in
such other form as the Board may approve.

    2.2 A Participant will be an Active Participant so long as the Participant
is an Eligible Employee or until the Board determines that the Participant shall
become an Inactive Participant.

    2.3 A Participant will become an Inactive Participant if and when the
Participant ceases to be an Eligible Employee, or upon the Board's determination
that the Participant shall become an Inactive Participant.  The Board may also
determine to redesignate an Inactive Participant as an Active Participant, but
such a Participant shall not be entitled to any Benefits which would have
accrued during the time he was an Inactive Participant.

    2.4 Upon the Termination of a Participant, the Participant will
automatically cease to be a Participant unless the Board determines that he may
continue as an Inactive Participant for such period of time as the Board may
determine in its sole discretion.  No person may be an Active Participant after
his Termination.

    2.5 Each Participant shall advise Spartech of his current mailing address
and the address of his Beneficiary, and shall notify Spartech promptly of any
change of address.  In the absence of such notice, Spartech shall be entitled,
for all purposes, to rely on the last known address of the Participant or
Beneficiary.

    Article 3.  Contributions and Funding.

    3.1 Spartech shall contribute to the Deferred Compensation Account of each
Active Participant no later than December 31 of each calendar year an amount
equal to 10% of the Participant's Compensation for the immediately preceding
calendar year (e.g. contributions for 2004 shall be based on 2003 Compensation
and shall be made no later than December 31, 2004).  For purposes of this
paragraph, a Participant's Compensation for any such year in excess of $150,000
shall be disregarded.  However, beginning with the contributions to be made by
December 31, 2004 based on compensation for calendar year 2003, the number in
the preceding sentence shall be increased to $300,000.

    3.2 Forfeitures of funded Accounts arising under Section 5.5 or Section 6.2
shall be credited to the Accounts of the remaining Active Participants in
proportion to their respective balances.  Spartech's obligation to make
contributions to a Participant's Account in a calendar year shall be reduced by
the amount of any allocations to the Participant's Account in that year as a
result of such forfeitures.

    3.3 Unless otherwise approved by the Board, Spartech shall not be required
to make any contribution to the Deferred Compensation Account of an Inactive
Participant, including contributions for years ended while the person was an
Active Participant which are not yet due at the time the person becomes an
Inactive participant.  Unless otherwise approved by the Board, Spartech shall
not be required to make any contribution to the Deferred Compensation Account of
a Participant after his Termination, including contributions for years ended
before the Termination which are not yet due at the time of the Termination.

    3.4 Contributions by Participants are neither required nor permitted under
the Plan.

    3.5 Unless otherwise expressly directed by the Board, Spartech shall
contribute any funding under the Plan to the Trust.

    3.6 The determination of the Board as whether to fund the Plan in advance or
as benefits are due, and if in advance, the amount thereof, shall be conclusive
and binding upon all parties in interest.

    Article 4.  Participant Accounts.

    4.1 The Board shall establish a Deferred Compensation Account for each
Participant.

    4.2 A Participant's Account shall be invested in such investments as
Spartech shall determine in its discretion.  Spartech may, but shall not be
required to, permit Participants to determine in full or in part how the
Participant's Account shall be invested, but only to the extent deemed
appropriate by Spartech in its sole discretion and from among such investment
alternatives as are deemed appropriate by Spartech in its sole discretion.
Spartech shall have no liability whatsoever to any Participant for the
investment results of the Participant's Account.

    4.3 To the extent the Plan is funded either through investments owned by
Spartech which are reserved for funding of the Plan or through the Trust,
Deferred Compensation Accounts shall be adjusted as of each December 31 to
reflect increases or decreases as a result of the investment experience of the
Plan for that year.  Any increase or decrease shall be allocated among the
Deferred Compensation Accounts based upon the value of each such Account in
proportion to the value of all Deferred Compensation Accounts, appropriately
adjusted to reflect additions to, charges against or distributions from the
Account.

    4.4 If a life insurance contract is purchased on the life of a Participant
for purposes of funding his Benefits under the Plan, such contract shall be
credited directly to the Deferred Compensation Account of the insured
Participant.  In that event, the value of the Participant's Deferred
Compensation Account shall be reduced by the value of the life insurance
contract for purposes of the annual increases or decreases under Section 4.3.
Death benefits paid pursuant to a life insurance contract shall be credited
directly to the Deferred Compensation Account of the Participant whose life is
insured under such contract.

    4.5 Spartech may deduct from a Participant's Account any taxes required to
be withheld as a result of contributions, Benefits, vesting increases or other
events under the Plan.

    4.6 The annual accounting period for the Plan shall be the calendar year.

    Article 5.  Accrual and Payment of Benefits.

    5.1 A Participant will accrue one Year of Service for each Qualifying Period
during which the Participant (i) is employed by Spartech or an Affiliated
Company on a permanent, full-time basis for at least six months and (ii) is a
Participant for at least six months.  Years of Service need not be accrued in
consecutive Qualifying Periods.  The Board may also credit a Participant with
additional Years of Service in its sole discretion which need not be uniformly
exercised.  A Termination will not cause the loss of accrued Years of Service
but the re-employment of the Participant after a Termination will reset the
beginning date of the Participant's Qualifying Period for future Years of
Service.

    5.2 In specific cases, the Board may authorize the accrual of Years of
Service for Participants who are no longer employed by Spartech but for whom a
Termination has not yet occurred.

    5.3 The "Termination" of a Participant will occur when the Participant
ceases to be employed by Spartech or any of its Affiliated Companies; except
that in specific cases, the Board may defer Termination for a Participant who
continues to provide services to Spartech or an Affiliated Company under a
consulting or other non-employee service relationship, but in no event may the
Participant's Termination occur later than the end of such consulting or other
non-employee service relationship.

    5.4 Upon the Termination of a Participant, the value of the Participant's
Account (net of any surrender or termination charges) multiplied by the Vested
Percentage set out in the following table ("Benefits") will be distributed to
the Participant as set out in the following table, unless otherwise expressly
agreed to by Spartech and the Participant:

   Reason for     Age At        Vested        When Distributions
  Termination    Terminat     Percentage          Will Commence
                    ion
Cause            Any age   None (0%)         N/A
Death            Any age   100%              Upon collection of
                                             insurance proceeds
Permanent        Any age   100%              As promptly as
Disability                                   practicable after
                                             Termination
Any other        65 or     100%              As promptly as
reason           older                       practicable after
                                             Termination
                 Under 65  10% times Years   As promptly as
                           of Service        practicable after
                           (minimum 10%,     Termination
                           maximum 100%)

    5.5 Upon the Termination of a Participant, any portion of the Participant's
Deferred Compensation Account in excess of the Vested Percentage thereof shall
be forfeited.  If such person is subsequently re-employed and again becomes a
Participant, the forfeited amounts will not be restored to the Participant's
Deferred Compensation Account, and the Participant will not be permitted to make
any payment to Spartech in order to have forfeited or previously paid amounts
restored to his Deferred Compensation Account.

    5.6 Except to the extent a Participant's Account is invested in a life
insurance policy Spartech may elect to pay the Benefits either by distributing
Account investments to the Participant in kind, by liquidating the Account and
distributing cash, or partly in each manner.

    5.7 To the extent a Participant's Account is invested in an unmatured life
insurance policy, Spartech may elect either to distribute the policy in kind or
to surrender the policy and distribute the cash surrender value in cash.  Except
in the event of the Participant's death, life insurance policies held in a
Participant's Account will be valued at their cash surrender value, interpolated
terminal reserve value or similar valuation method and not face value, and the
Participant will have no right to receive the face amount of the death benefits
thereunder.

    5.8 With respect to Benefits other than life insurance proceeds, Spartech
may elect to pay the Benefits in either a single payment or in substantially
equal monthly, quarterly or annual installments over a period not to exceed five
years from the first payment date, but if a Participant dies, whether before
payment of such Benefits commences or while he is receiving Benefits, any such
remaining Benefits will be paid in a lump sum to the Participant's Beneficiary.

    5.9 In the event of the Participant's death, life insurance proceeds will be
payable according to the terms of the policy, and any Benefits represented by
collected life insurance proceeds will be payable in a lump sum to the
Participant's Beneficiary.

    5.10    Spartech has no obligation to maintain any policy of insurance on
the life of a Participant for any period of time either before or after the
Participant's Termination; nor shall Spartech have any liability for
reimbursement of premiums due to any delay in canceling or surrendering any
policy of insurance after a Termination.

    5.11    If, after a Termination, a Participant is re-employed and again is
designated to participate in the Plan, any payment of Benefits may be suspended
while the person is participating in the Plan and recommence on his subsequent
Termination.

    5.12    Any amount payable to or for the benefit of a minor, an incompetent
person or other person incapable of receipting therefor shall be deemed paid
when paid to such person's guardian or to the party providing or reasonably
appearing to provide for the care of such person, and such payment shall fully
discharge Spartech and the Board with respect thereto.

    5.13    Neither a Participant nor any other person shall acquire any right,
title, expectancy or other interest in or to any amount outstanding to the
Participant's credit under the Plan other than upon the actual payment of such
portions thereof in accordance with the terms of the Plan.  The Plan shall not
be deemed to constitute or create a trust, or an escrow agreement or any type of
fiduciary relationship between Spartech and a Participant and his Spouse; nor
shall the benefits provided herein be deemed in any way to be secured by any
particular assets of Spartech.  The Participant's interest and that of his
Spouse shall be only the unsecured contractual right to receive the benefits
provided for herein.

    5.14    No right or benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance or change, and any attempt to
anticipate, alienate, sell, assign, pledge encumber or change the same shall be
void.  No right or benefit hereunder shall in any manner be liable for or
subject to the debts, contracts, liabilities or torts of the person entitled to
such benefit.  If a Participant or Spouse shall become bankrupt or attempt to
anticipate, alienate, sell, assign, pledge, encumber or change any right or
benefit hereunder, then such right or benefit shall, in the discretion of the
Board, cease and terminate; and in such event, Spartech may hold or apply the
same or any part thereof for the benefit of such Participant or his Spouse at
any time and in such proportion as the Board may deem proper.

    5.15    Notwithstanding anything in the Plan apparently to the contrary,
assets reserved for the Plan are subject to market risk, and nothing in the Plan
constitutes a guarantee that said assets will not lose market value causing the
Deferred Compensation Accounts of Participants or Beneficiaries to be reduced.

    Article 6.  Restrictive Covenants.

    6.1 By accepting participation in the Plan, and as a condition of his right
to participate in the Plan, each Participant agrees that during the continuance
of the Participant's employment relationship with Spartech or an Affiliated
Company and for two years following the termination of the Participant's
employment with Spartech or an Affiliated Company, regardless of who initiates
the termination and regardless of whether the termination is with or without
Cause, the Participant will not:

    (i) Directly or indirectly, on his own behalf, or on behalf of any other
        person, firm, partnership or corporation, transact any business which is
        the same as or similar to the business then being conducted by Spartech
        or any Affiliated Company, within a 200 mile radius of any facility
        owned and/or operated by Spartech or any Affiliated Company, or divert
        or solicit any of the business of Spartech or any Affiliated Company
        away from Spartech or the Affiliated Company; or

    (ii)    Divulge to others or use for his own benefit or for the benefit of
        others any confidential information, including correspondence and other
        records, whether or not reduced to writing, which he may have acquired
        from Spartech, an Affiliated Company or others by reason of his
        employment with Spartech or an Affiliated Company; it being expressly
        understood that all such information, lists, correspondence and other
        writings are confidential and shall remain the sole property of Spartech
        or the Affiliated Company, as the case may be, and shall not be removed
        or transcribed for removal by the Participant upon termination of
        employment; or

    (iii)   Enter into any agreement with or solicit the employment of any
        employee of Spartech or any Affiliated Company, or directly or
        indirectly attempt to induce any employee of Spartech or any Affiliated
        Company to leave Spartech or the Affiliated Company or to take
        employment with a competitor of Spartech or any Affiliated Company; or

    (iv)    Solicit any clients or customers of Spartech or any Affiliated
        Company or induce or attempt to induce any such clients or customers to
        terminate or alter their relationship with Spartech or any Affiliated
        Company.

    6.2 Any violation of the provisions of Section 6.1 by a Participant shall
cause a total forfeiture of all rights and payments of Benefits payable under
the Plan and the balance of such Participant's Deferred Compensation Account
shall be forfeited.

    6.3 Each Participant also agrees that Spartech shall, without prejudice to
any other remedies, be entitled to injunctive relief for any breach of Section
6.1.

    Article 7   Administration.

    7.1 The Board shall administer the Plan, and shall have full power and
authority to compute the benefits payable to Participants or their Beneficiaries
under the Plan and to resolve all questions and issues interpreting the terms
and conditions of the Plan.  The Board may adopt uniform and nondiscriminatory
regulations for the administration of the Plan.

    7.2 The Board shall maintain or cause to be maintained all books of
accounts, records or other data as may be necessary or advisable in the Board's
judgment for the proper administration of the Plan.

    7.3 The Board may determine the facts required in the administration of the
Plan from information certified to the Board by the Secretary of Spartech.

    7.4 Any denial, in whole or in part, by the Board of a claim for benefits
under the Plan by a Participant or a Beneficiary shall be by written notice,
stating the specific reasons for the denial which must be referable to a
particular provision of the Plan, said notice to be delivered or mailed to the
Participant or, if no Participant is living, to his Beneficiary.  The Board
shall afford a reasonable opportunity to any Participant or Beneficiary whose
claim for benefits has been denied, in whole or in part, for a hearing
concerning any decision denying the claim.

    7.5 The Board may delegate any of its duties or responsibilities under the
Plan to other individuals, and unless otherwise directed by the Board, the Chief
Executive Officer of Spartech shall be the Board's delegate for all purposes
hereunder; provided that only the Board may amend or terminate the Plan.

    7.6 If a member of the Board is also a Participant or other Eligible
Employee, such Board member shall not participate in any determination reserved
to the Board under the Plan to the extent it relates to or would affect such
Board member in such capacity.

    Article 8.  Miscellaneous Provisions.

    8.1 The Board reserves the right to amend or terminate the Plan; however, no
amendment or termination of the Plan may reduce or cancel the Deferred
Compensation Account of a Participant (or the vested interest in such account)
existing as of the date of such amendment or termination, nor change the manner
or timing of payment of Benefits adversely to a Participant, without the consent
of the affected Participant.

    8.2 Construction of the Plan shall be governed by the laws of Missouri.

    8.3 Nothing in the Plan, or any amendment thereto, shall give a Participant,
Eligible Employee, Beneficiary, Spouse, employee or other person, a right unless
it is specifically provided or is accorded by Spartech pursuant to the Plan.
Nothing in the Plan or any amendment thereto shall be construed as giving a
Participant the right to remain employed in any capacity by Spartech or an
Affiliated Company and all persons shall remain subject to discharge or to
changes in status at any time to the same extent as if the Plan had not been
adopted.

    8.4 The terms of the Plan shall be binding upon the heirs, executors,
administrators, successors, assigns and Beneficiaries of all parties in
interest.

    8.5 Terms in the masculine shall be deemed to include the feminine, and
terms in the singular shall be deemed to include the plural, and vice versa,
wherever the context so admits or requires.

    8.6 The cost of administering the Plan shall be paid by Spartech.

    8.7 The Plan became operative and in effect as of January 1, 1994, and any
amendment shall become effective when duly approved by the Board or at such
other date as the Board may determine.

    8.8 Headings herein have been inserted for convenience only and shall not
affect the meaning or interpretation of the Plan.

    8.9 If any provision of the Plan is found to be invalid, it will not render
the remainder of the Plan invalid.

                             PARTICIPATION AGREEMENT

                              SPARTECH CORPORATION
                    NON-QUALIFIED DEFERRED COMPENSATION PLAN

                            , an employee of Spartech Corporation or one of its
subsidiaries, has been selected and is hereby designated as a Participant in the
Spartech Corporation Non-Qualified Deferred Compensation Plan, as heretofore or
hereafter amended.

    The effective date of the Participant's participation in the Plan is
___________, 20___.

    If you wish to accept the benefits of the Plan and are willing to be bound
by its provisions, please execute a copy of this Participation Agreement at the
place indicated below.

                                SPARTECH CORPORATION

                                By:

    I hereby accept my designation as a Participant in the Spartech Corporation
Non-Qualified Deferred Compensation Plan.  I have read the Plan and agree to all
of the provisions of the Plan, including (without limitation) the restrictive
provisions of Article 6 of the Plan.

    I hereby designate the following person as my Beneficiary under the Plan:

               __________________________________________________
                          (Print Name and Relationship)

    Dated this ____ day of _____________, 20___.

                                        Signature of Participant

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