Document:

Officers' Certificate

 Exhibit 4.1 

QEP RESOURCES, INC. 

OFFICERS’ CERTIFICATE 

PURSUANT TO SECTIONS 301 AND 303 OF THE INDENTURE 

August 16, 2010 

The undersigned officers of QEP Resources, Inc., a Delaware corporation (the “Company”), hereby certify on behalf of the
Company pursuant to Sections 301 and 303 of the Indenture, dated as of March 1, 2001 (the “Indenture”), between the Company and Wells Fargo Bank, National Association, as successor trustee (the “Trustee”), as follows:

 1. There is hereby established, pursuant to the resolutions of the Board of Directors of the Company adopted
on March 29, 2010 and August 9, 2010, together with the resolutions of the Pricing Committee of the Board of Directors of the Company adopted on August 11, 2010 (the “Resolutions”), a series of Securities to be issued under
the Indenture, which have the following terms: 
 a. The title of the series of Securities shall be 6.875% Senior
Notes due 2021 (the “Notes”). 
 b. The aggregate principal amount of the Notes to be offered and
issued under the Indenture shall be $625,000,000. 
 c. The Notes shall mature on March 1, 2021, and shall
bear interest from the date of original issue at the rate of 6.875% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, to Holders of record at the close of business on the immediately preceding
February 15 or August 15, as the case may be, commencing March 1, 2011. 
 d. The Notes shall be
redeemable at the option of the Company, in whole or in part, at any time or from time to time upon not less than 30 nor more than 60 days’ notice at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes
to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted
to the redemption date on a semi-annual basis (assuming a 360-day year consisting of 12 months with 30 days each) at the Treasury Rate (as defined in the Note) plus 50 basis points, plus accrued and unpaid interest on the principal amount of the
Notes being redeemed to the redemption date (provided that interest payments due on or prior to the redemption date will be paid to the record Holders of such Notes on the relevant record date). 

Payment of principal of (and premium, if any) and interest on the Notes will be made at the office or agency of the
Company in Denver, Colorado or, in the event that certificated Notes are issued or if required by The Depository Trust Company (“DTC”), in New York City, New York, maintained for such purpose, or, at the option of the Company, may be made
by check mailed to the address of the person entitled to such payments at the address specified in the Security Register. All payments shall be made in currency and coins of the United States of America recognized as legal tender at the time of
payment for payment of public and private debts. 

 e. The Company has no sinking fund or mandatory redemption obligations
applicable to the Notes. 
 f. The Notes are issuable only in registered form without coupons in minimum
denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 g. If an event of default with
respect to the Notes shall occur and be continuing, the principal amount of the Notes may be declared due and payable in the manner and subject to the conditions provided in the Indenture. 

h. There are no deletions from, modifications of or additions to the Events of Default set forth in Section 501 of
the Indenture or covenants of the Company set forth in Article Ten of the Indenture pertaining to the Notes, except as set forth below. 

i. The forms of the Notes are attached as Exhibit A-1 and A-2 and the Notes shall have such other terms and provisions as
are set forth in the form of Notes, all of which terms and provisions are incorporated by reference in and made a part of this Certificate and the Indenture as if set forth in full herein and therein. 

j. The Notes shall be issued in global form with DTC as depositary. The Notes represented by the global notes will be
exchangeable for Notes in the definitive form, known as certificated notes, only if (i) DTC or its nominee notifies the Company that it is unwilling or unable to continue as depositary for the global notes or the Company becomes aware that DTC
has ceased to be a clearing agency registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Company has not appointed a successor depositary within 90 days after the Company receives such notice or
becomes aware of such ineligibility or (ii) the Company, in its sole discretion, determines to discontinue use of the system of book-entry transfer and to exchange the global notes for certificated debt securities. 

k. Section 403 of the Indenture does apply to the Notes. 

l. Section 1007 of the Indenture does not apply to the Notes. 

m. If a Change of Control (defined below) occurs and is accompanied by a Rating Decline (defined below, and together with
a Change of Control, a “Change of Control Triggering Event”), each Holder of the Notes will have the right to require the Company to offer to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof)
of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to the date of purchase. 

 

 -2- 

 Within 30 days following any Change of Control Triggering Event, the Company
will mail a notice (the “Change of Control Offer”) to each Holder of Notes with a copy to the Trustee stating: 

(1) that a Change of Control Triggering Event has occurred and that such Holder has the right to require the Company to
purchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Payment”); 

(2) the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is
mailed and which may be up to five days after the expiration of the Change of Control Offer) (the “Change of Control Payment Date”); and 

(3) the procedures determined by the Company, consistent with the Indenture, that a Holder must follow in order to have
its Notes repurchased. 
 On the Change of Control Payment Date the Company will, to the extent lawful:

 (1) accept for payment all Notes or portions thereof (in integral multiples of $2,000 or an integral multiple
of $1,000 in excess thereof) properly tendered and not withdrawn under the Change of Control Offer; 
 (2)
deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions thereof so tendered; and 

(3) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate
stating the aggregate principal amount of such Notes or portions thereof being purchased by the Company. 
 The
Paying Agent will promptly mail or otherwise deliver to each Holder of Notes so tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a
new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 

 

 -3- 

 If the Change of Control Payment Date is on or after an interest record date
and on or before the related interest payment date, any accrued and unpaid interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to
Holders who tender pursuant to the Change of Control Offer. 
 Prior to mailing a Change of Control Offer, and as
a condition to such mailing (i) the requisite Holders of each issue of Indebtedness issued under any indenture or other agreement that may be violated by such payment shall have consented to such Change of Control Offer being made and waived
the event of default, if any, caused by the Change of Control Triggering Event or (ii) the Company will repay all outstanding Indebtedness issued under any indenture or other agreement that may be violated by a payment to the Holders of Notes
under a Change of Control Offer or the Company must offer to repay all such Indebtedness, and make payment to the holders of such Indebtedness that accept such offer and obtain waivers of any event of default from the remaining holders of such
Indebtedness. The Company covenants to effect such repayment or obtain such consent and waiver within 30 days following any Change of Control Triggering Event, it being an Event of Default under the Indenture if the Company fails to comply with such
covenant within 30 days after receipt of written notice from the Trustee or the Holders of at least 25% in principal amount of the Notes. 

The Company will not be required to make a Change of Control Offer upon a Change of Control Triggering Event if a third
party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in the Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and
not withdrawn under such Change of Control Offer. 
 The Company will comply with the requirements of Rule 14e-1
under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent
that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company will comply with those securities laws and regulations and will not be deemed to have breached its
obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 
 For
purposes of the Notes: 
 “Change of Control” means: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act,
but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined
in Rules 13d-3 and 13d-5 under the Exchange Act except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable
immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 50% or more of the equity securities of the Company entitled to vote for members of the Board of Directors or equivalent governing
body of the Company on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or 

 

 -4- 

 (b) a majority of the members of the Board of Directors or equivalent
governing body of the Company ceases to be composed of individuals (i) who were members of that Board of Directors or equivalent governing body on the date the Notes were issued, (ii) whose election or nomination to that Board of Directors
or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that Board of Directors or equivalent governing body or (iii) whose
election or nomination to that Board of Directors or equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that Board
of Directors or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that Board of Directors or equivalent governing body
occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the
Board of Directors). 
 “Moody’s” means Moody’s Investors Service, Inc. or, if Moody’s
Investors Service, Inc. shall cease rating debt securities having a maturity at original issue of at least one year and such ratings business shall have been transferred to a successor Person, such successor Person; provided, however, that if there
is no successor Person, then “Moody’s” shall mean any other national recognized rating agency, other than S&P, that rates debt securities having a maturity at original issuance of at least one year and that shall have been
designated by the Company. 
 “Rating Agencies” means Moody’s and S&P. 

“Rating Date” means the earlier of the date of public notice of (i) the occurrence of a Change of Control
or (ii) the Company’s intention to effect a Change of Control. 
 “Rating Decline” shall be
deemed to have occurred if, no later than 30 days after the Rating Date (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies), either of
the Rating Agencies decreases its rating of the Notes to a rating that is below its rating of the Notes on the day immediately prior to the earlier of (i) the date of the first public announcement of the possibility of a proposed transaction
which would result in a Change of Control or (ii) the date that the possibility of such transaction is disclosed to either of the Rating Agencies. 
  

 -5- 

 “S&P” means Standard & Poor’s Ratings Service
or, if Standard & Poor’s Ratings Service shall cease rating debt securities having a maturity at original issue of at least one year and such ratings business shall have been transferred to a successor Person, such successor Person;
provided, however, that if there is no successor Person, then “S&P” shall mean any other national recognized rating agency, other than Moody’s, that rates debt securities having a maturity at original issuance of at least one year
and that shall have been designated by the Company. 
 n. No Notes are to be issuable upon the exercise of
warrants. 
 o. The Trustee is the only trustee for the Notes; the Trustee shall also serve as the Security
Registrar, Paying Agent and Authenticating Agent for the Notes unless it is necessary to also maintain such agents in New York City. 

2. Each of the undersigned has read the Indenture, including the applicable provisions of the Indenture and the
definitions therein relating thereto with respect to the matters covered by this Certificate. In the opinion of each of the undersigned, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to
whether or not all conditions precedent to the authentication and delivery of the Notes by the Trustee under the Indenture have been complied with and as to whether, to the best knowledge of each of the undersigned, no event which is, or after
notice or lapse of time would become, an Event of Default with respect to any of the Notes has occurred and is continuing. In the opinion of each of the undersigned, all such conditions precedent have been complied with and, to the best of each of
the undersigned’s knowledge, no such event has occurred and is continuing. 
 Capitalized terms used herein and not
otherwise defined shall have the meanings ascribed to them in the Indenture. 
  

 -6- 

 IN WITNESS WHEREOF, the undersigned have caused this certificate to be executed as of the
date first written above. 
  

			
	QEP RESOURCES, INC.
		
	By:	 	 /s/ Richard J. Doleshek

	Name:	 	Richard J. Doleshek
	Title:	 	 Executive Vice President, 

Chief Financial Officer and Treasurer

		
	By:	 	 /s/ Abigail L. Jones

	Name:	 	Abigail L. Jones
	Title:	 	 Vice President, Compliance,

Corporate Secretary and
 Assistant General
Counsel

 Signature Page to Indenture Officers’ CertificateEmployment Agreement with Nigel A. Vinecombe

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

BETWEEN 

MULTI-COLOR CORPORATION 

AND 
 NIGEL A.
VINECOMBE 
 Effective as of June 16, 2010 

 TABLE OF CONTENTS 

 

			
	 	  	Page
	 1. EMPLOYMENT.
	  	1
		
	 2. TERM OF AGREEMENT.
	  	1
		
	 3. SCOPE OF EMPLOYMENT; LOCATION. .
	  	1
		
	 4. COMPENSATION.
	  	2
		
	 4.1 Base Salary
	  	2
		
	 4.2 Bonus.
	  	2
		
	 4.3 Restricted Stock Grant; Stock Option and Restricted Stock Awards.
	  	2
		
	 4.4 Retirement Plan.
	  	2
		
	 4.5 Welfare and Other Benefit Plans.
	  	2
		
	 4.6 Expenses.
	  	2
		
	 4.7 Automobile Allowance.
	  	3
		
	 4.8 Vacation.
	  	3
		
	 4.9 Indemnity.
	  	3
		
	 5. CONFIDENTIALITY, NON-COMPETITION AND OTHER
COVENANTS.
	  	3
		
	 5.1 Non-Disclosure of Confidential Materials, Information and Intellectual Property.
	  	3
		
	 5.2 Non-Solicitation of the Company’s Employees.
	  	4
		
	 5.3 Covenant Against Unfair Competition.
	  	4
		
	 5.4 Return of Confidential Materials and Information.
	  	4
		
	 5.5 Irreparable Harm.
	  	4
		
	 5.6 Cumulative Remedies; Enforceability.
	  	4
		
	 5.7 Reasonableness of Scope and Duration.
	  	5
		
	 5.8 Future Employer.
	  	5
		
	 5.9 Time Periods.
	  	5
		
	 6. TERMINATION OF EMPLOYMENT
	  	5
		
	 6.1 Termination.
	  	5
		
	 6.2 Date of Termination.
	  	8
		
	 6.3 Notice of Termination.
	  	8
		
	 7. OBLIGATIONS OF THE COMPANY UPON
TERMINATION.
	  	9

  

 -i- 

 TABLE OF CONTENTS 

(continued) 
  

			
	 	  	Page
	 7.1 Termination for Other Than Cause, Non-Renewal, and Executive’s Death or Disability; and for Good Reason.
	  	9
		
	 7.2 Termination for Cause; Non-Renewal Under Section 2; or Other Than for Good Reason.
	  	10
		
	 7.3 Termination Due to Executive’s Death.
	  	11
		
	 7.4 Termination Due to Executive’s Disability.
	  	12
		
	 8. ARBITRATION.
	  	12
		
	 9. MISCELLANEOUS PROVISIONS.
	  	13
		
	 9.1 Binding Effect; Delegation of Duties Prohibited; Survival.
	  	13
		
	 9.2 Amendment; Waiver.
	  	13
		
	 9.3 Entire Agreement.
	  	13
		
	 9.4 Exemption from, or Compliance with, Section 409A.
	  	14
		
	 9.5 Governing Law.
	  	14
		
	 9.6 Headings; Section References; Construction.
	  	14
		
	 9.7 Notices.
	  	14
		
	 9.8 Policies, Regulations and Guidelines for Executives.
	  	15
		
	 9.9 Severability and Reformation of Provisions.
	  	15
		
	 9.10 Taxes.
	  	15
		
	 9.11 Full Settlement.
	  	16

  

 -ii- 

 GLOSSARY OF DEFINED TERMS 

 

			
	Defined Term	  	Section
		
	 Additional Term
	  	2
	 Annual Base Salary
	  	4.1
	 Board
	  	3
	 Bonus
	  	4.2
	 Cause
	  	6.1(c)
	 Change in Control
	  	6.1(c)(6)
	 Company
	  	Preamble
	 Company Document
	  	9.3
	 Confidential Materials and Information
	  	5.1
	 Customer
	  	5.4
	 Date of Termination
	  	6.2
	 Disability
	  	6.1(b)
	 Disability Commencement Date
	  	6.1(b)
	 Executive
	  	Preamble
	 Good Reason
	  	6.1(d)
	 Initial Term
	  	2
	 Notice of Termination
	  	6.3
	 Prospect
	  	5.4
	 Separation Pay Exemption Amount
	  	7.1(c)
	 Term
	  	2

  

 -iii- 

 EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”) is effective this
16th day of June, 2010, by and between Multi-Color
Corporation, an Ohio corporation (“Company”), and Nigel A. Vinecombe, an individual residing at 400 Riverboat Row, #701, Newport, KY 41071, (“Executive”). 

RECITALS: 

A. Company desires to retain the services of Executive as its President and Chief Executive Officer, and Executive desires to render such
services to the Company. 
 B. The parties hereto desire to set forth the terms and conditions of the employment relationship
between the Executive and the Company. 
 AGREEMENT: 

NOW, THEREFORE, the parties hereby agree as follows: 

1. EMPLOYMENT. The Company hereby employs Executive for the “Term” (as defined in
Section 2), and Executive accepts employment by the Company and agrees to serve the Company during the Term, upon the terms and conditions hereinafter set forth. 

2. TERM OF AGREEMENT. The Initial Term of this Agreement shall
commence on June 16, 2010 and continue in effect until June 15, 2013 (“Initial Term”), unless sooner terminated as provided in Section 6. At the end of the Initial Term, if the Executive is still employed by the Company,
this Agreement shall be renewed automatically for subsequent terms of one (1) year each until the employment of Executive is terminated by the Company or Executive by giving notice as provided in Section 9.7 at least twelve
(12) months prior to the end of the Initial Term or any extension thereof (each such extension period being an “Additional Term” and the Additional Terms and the Initial Term being collectively the “Term”). 

3. SCOPE OF EMPLOYMENT; LOCATION. During the
Term of this Agreement, Executive shall serve as President and Chief Executive Officer of the Company and agrees to devote his full attention and time to the business and affairs of the Company as may be assigned by the Company’s Board of
Directors (“Board”) and to use the Executive’s best efforts to perform such responsibilities in a professional manner. Executive shall have all authorities, duties and responsibilities customarily exercised by an individual serving as
President and Chief Executive Officer in a corporation of the size and nature of the Company. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, trade association, civic or charitable boards or
committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions, or (C) manage personal investments and affairs, so long as such activities do not significantly interfere with the performance of the
Executive’s responsibilities as an employee of the Company in accordance with this Agreement. During the Term of this Agreement, Executive shall principally perform his duties at the Company’s headquarters’ office located in Batavia,
Ohio, except in the event Executive agrees in writing to another location. Executive shall also serve as a Member of the Board during the Term of this Agreement, subject to election by the shareholders. 

 4. COMPENSATION. 

4.1 Base Salary. During the Term of this Agreement, the Executive shall receive an Annual Base Salary.
Executive’s beginning Annual Base Salary shall be Five Hundred Thousand and 00/100 Dollars ($500,000.00). The Annual Base Salary shall be evaluated and reviewed by the Compensation Committee of the Board annually each July 1, beginning
July 1, 2011. Based upon Executive’s performance, pertinent salary survey information and such other information as the Compensation Committee, in its sole discretion deems appropriate, Executive’s Annual Base Salary may remain the
same or be increased by the Compensation Committee, but may not be decreased without the Executive’s written consent. After any such adjustment, the term “Annual Base Salary” as used in this Agreement shall thereafter refer to such
amount as adjusted. The Annual Base Salary shall be paid no less frequently than in equal bi-weekly installments. 

4.2 Bonus. Beginning April 1, 2011 and during the Term of this Agreement, Executive may receive an
annual bonus (the “Bonus”) at the sole discretion of the Compensation Committee. The Bonus, if any, shall be based upon the Executive Incentive Compensation Plan adopted by the Compensation Committee of the Board in April 1998, as amended.
Executive’s target Bonus opportunity will be based on achievement of target performance goals and will not be less than seventy-five percent (75%) of Executive’s then current Annual Base Salary. Executive shall be paid his Bonus when
other executives of the Company are paid their annual bonuses, but in no event beyond the last day on which such payment would qualify as a short-term deferral under Treasury Regulation § 1.409A-1(b)(4). 

4.3 Restricted Stock Grant; Stock Option and Restricted Stock Awards. During the Term of this Agreement, Executive may
receive restricted stock or stock option awards, as determined by the Board or its committees from time to time. 

4.4 Retirement Plan. During the Term of this Agreement, the Company shall contribute Ten Percent
(10%) of the Executive’s Annual Base Salary to the Australia Superannuation Fund. Any Fringe Benefits Taxes due to the continued funding of the Superannuation Fund will be paid for by the Company. 

4.5 Welfare and Other Benefit Plans. During the Term of this Agreement, the Executive and/or the
Executive’s family, as the case may be, shall be eligible for participation in and shall receive all other benefits (except for those benefits which have otherwise been provided to Executive herein) under welfare, fringe, incentive and other
similar benefit plans, practices, policies and programs provided by the Company (including, without limitation, medical, prescription drug, dental, disability, employee life, group life, accidental death and travel accident insurance plans and
programs) to the extent applicable generally to other executives of the Company; except that Executive shall not be eligible to participate in any savings and retirement plans, practices, policies and programs to the extent applicable generally to
other executives of the Company, including, without limitation, 401(k) profit sharing retirement savings, supplemental retirement and deferred compensation plans due to the Company’s contribution to the Australia Superannuation Fund on behalf
of Executive as described in Section 4.4. 
 4.6 Expenses. During the Term of this Agreement,
the Executive shall be entitled to receive prompt reimbursement for all reasonable business expenses incurred by the Executive 

 

 2 

 
and documented as required by regulations of the Internal Revenue Service and policies of the Company. 

4.7 Automobile Allowance. During the Term of this Agreement, the Executive shall be paid each month an
automobile allowance of Seven Hundred Fifty and 00/100 Dollars ($750.00). 
 4.8 Vacation. During
the Term of this Agreement, the Executive shall be entitled to paid vacation in accordance with the vacation policy of the Company, but in no event less than four (4) weeks per year. 

4.9 Indemnity. The Executive shall be indemnified and held harmless by the Company against claims arising in
connection with the Executive’s status as an employee, officer, director or agent of the Company or any of its subsidiaries or affiliates. Such indemnification shall be established to the level of the greatest indemnification permitted by Ohio
law for corporate employees, officers or directors, and such indemnification shall continue as to the Executive even if he has ceased to be an employee, officer, director or agent of the Company or other entity and shall inure to the benefit of the
Executive’s heirs and legal representatives. In furtherance of this protection, during the Executive’s employment and for a period of at least six years thereafter, the Company shall continue to provide officers’ and directors’
liability insurance covering Executive in at least the amount of coverage in fiscal 2010 for such purposes and in any event provide at least as much coverage for the Executive as the Company provides for its other executives or directors of the
Company. Nothing in this Agreement shall operate to limit or extinguish any right to indemnification, advancement of expenses or contribution that the Executive (or his heirs and legal representatives) would otherwise have (including, without
limitation, by agreement or under applicable law). 
 5. CONFIDENTIALITY,
NON-COMPETITION AND OTHER COVENANTS. In consideration of Company’s employment of Executive, Executive does
covenant and agree with the Company as follows: 
 5.1 Non-Disclosure of Confidential Materials, Information
and Intellectual Property. The Executive acknowledges that as a leader in the highly-competitive businesses of printing labels, including but not limited to, inmold, pressure sensitive, heat transfer, cut and stack and shrink sleeve label
technologies, the Company has developed, acquired and implemented confidential intellectual property, materials and information, proprietary strategies and programs, which it has taken steps to protect as trade secrets (as defined in Ohio’s
Uniform Trade Secrets Act, OHIO REV. CODE §§ 1333.61—1333.69) and which include copyrighted materials, patent materials, expansion plans, market research, sales systems, marketing programs,
product development strategies, budgets, pricing and cost strategies, identity and requirements of accounts, and other non-public proprietary information regarding customers and the employees of the Company or of its customers or non public
proprietary information regarding the Company’s business or the business of the Company’s customers (collectively “Confidential Materials and Information”). In performing duties for the Company, the Executive regularly will be
exposed to and work with the Company’s Confidential Materials and Information. The Executive acknowledges that such Confidential Materials and Information are critical to the Company’s success and that the Company has invested substantial
money in developing the Company’s Confidential Materials and Information. While the Executive is employed by the 

 

 3 

 
Company, and after such employment ends for any reason, the Executive will not reproduce, publish, disclose, use, reveal, show, or otherwise communicate to any person or entity any Confidential
Materials and Information of the Company unless specifically assigned or directed by the Company to do so or unless it shall have become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this
Agreement). The covenant in this Section 5.1 has no temporal, geographical or territorial restriction or limitation, and it applies wherever the Executive may be located. 

5.2 Non-Solicitation of the Company’s Employees. For a period of twenty-four (24) months after the
termination of his employment, the Executive will not actively solicit, either directly or indirectly through any third person, any other employee of the Company to terminate his or her employment with the Company without the written consent of the
Chairman of the Board. 
 5.3 Covenant Against Unfair Competition. While the Executive is employed
by the Company, and for twelve (12) months after Executive’s employment is terminated by the Company for non-renewal under Section 2 or for twenty-four (24) months after such employment ends for any other reason, the Executive
will not, either directly or indirectly: (a) work for any individual or entity, or own, control, or invest in any entity, that provides similar services as the Company or is a competitor of the Company and its businesses; or (b) call on,
solicit or communicate with any of the Company’s customers or prospects for the purpose of obtaining such customer’s or prospect’s business in violation of the restrictions on competition contained in clause (a) of this Section,
other than for the benefit of the Company. As used in this Agreement, the term “customer” means a business entity (including representatives of such business entity) to which the Company provided goods or services at any time in the prior
twenty-four (24) months before the termination or expiration of this Agreement, and the term “prospect” means a business entity (including representatives of such business entity) to which, at any time in the previous twenty-four
(24) months before the termination or expiration of this Agreement, the Company made a written proposal for providing goods or services. Ownership, for personal investment purposes only, of not in excess of two percent (2%) of the voting
stock of any publicly held corporation, shall not constitute a violation hereof. 
 5.4 Return of
Confidential Materials and Information. The Executive agrees that whenever the Executive’s employment with the Company ends for any reason, all documents, including information stored in electronic format, containing or referring to the
Company’s Confidential Materials and Information that may be in the Executive’s possession, or over which the Executive may have control, will be delivered by the Executive to the Company immediately, with no request being required.

 5.5 Irreparable Harm. The Executive agrees that a breach of any covenant in this Section 5
will cause the Company irreparable injury and damage for which the Company has no adequate monetary remedy, and the Executive further agrees that if the Company claims a breach of any such covenant, the Company will be entitled to seek an immediate
restraining order and injunction to prevent such violation or continued violation. 
 5.6 Cumulative Remedies;
Enforceability. 
  

 4 

 (a) In the event of Executive’s breach or threatened
breach of the covenants set forth in this Section 5, the parties acknowledge that the Company will suffer irreparable harm and the Company will be entitled to an injunction restraining Executive from committing such breach. Executive
affirmatively waives any requirement that the Company post any bond, demonstrate the likelihood of irreparable harm to the Company, or demonstrate that any actual damages will be suffered by the Company or any other entity seeking enforcement hereof
as a result of Executive’s breach of any of the covenants set forth in this Section 5. 

(b) The covenants and agreements contained in this Section 5 will be construed as independent of each
other, and the existence of any claim or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, will not constitute a defense to the Company’s enforcement of such covenants, and they shall be
construed as separate covenants and agreements. If any court shall finally determine that the restraints provided for in any such covenants and agreements exceed the maximum area, activity or time such court deems reasonable and enforceable, said
area, activity or time shall be deemed to become and thereafter shall be the maximum area, activity or time which such court deems reasonable and enforceable, and such covenants and agreements shall be enforced as to such reduced area, activity or
time. 
 (c) Nothing herein contained will be construed as prohibiting the Company from pursuing
any other remedies available to it at law or in equity for such breach or threatened breach, including the recovery of money damages. 

5.7 Reasonableness of Scope and Duration. Executive acknowledges that the restrictions contained in this Section 5 are
reasonable and necessary to protect the legitimate interests of the Company and that the Company would not have entered into this Agreement in the absence of such restrictions. Executive understands and agrees that the covenants and agreements
contained in this Section 5 are, taken as a whole, reasonable in connection with the activities covered, their geographic scope and duration. Executive understands that the provisions of this Agreement have been carefully designed to restrict
Executive’s activities to the minimum extent which is consistent with the Company’s requirements. Executive has carefully considered these restrictions, and Executive confirms that they will not unduly restrict Executive’s ability to
obtain a livelihood. 
 5.8 Future Employer. If applicable, Executive shall inform any prospective or future
employer of all of the restrictive covenants and agreements contained in this Agreement, and provide such employer with a copy of such provisions, prior to the commencement of that employment. 

5.9 Time Periods. All time periods set forth in this Section 5 shall be extended by the duration of any period during
which Executive is in violation of any provision of this Section 5. 
 6. TERMINATION
OF EMPLOYMENT  
 6.1 Termination. Executive’s employment with the Company
shall terminate prior to the expiration of the Term upon the occurrence of the first of the following events: 
  

 5 

 (a) Death. Upon the death of Executive. 

(b) Disability. If the Disability of the Executive has occurred during the
Executive’s employment, the Company may give written notice to the Executive in accordance with this Agreement of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall
terminate effective on the Disability Commencement Date. As used in this Agreement, “Disability” shall mean that the Executive, (i) in the opinion of a physician, is unable to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan
covering employees of the Company, or (iii) is determined to be totally disabled by the Social Security Administration, or (iv) is determined to be disabled in accordance with a disability insurance program, provided that the definition of
disability applied under such disability insurance program complies with the requirements of (i) or (ii) above. Additionally, as used in this Agreement, “Disability Commencement Date” shall be the thirtieth
(30th) day after notice is received by Executive
pursuant to this Section 6.1(b) that he is under a Disability, provided that, within the thirty (30) days after such receipt, the Executive shall not have returned to perform his duties hereunder. 

(c) Cause. The Company terminates the Executive for Cause or for any reason other than for Cause. As used in
this Agreement, “Cause” with respect to Executive’s termination from employment, shall mean any of the following: 

(1) the Executive’s failure to cure the Executive’s material breach of this Agreement or any
Company policy, regulation or guideline; 
 (2) the Executive’s appropriation of a material
business opportunity of the Company, including securing any material personal profit in connection with any transaction entered into on behalf of the Company. This provision shall not include opportunities communicated by the Executive to the
Company which were rejected or on which the Company took no timely action; 
 (3) the
Executive’s misappropriation of any of the Company’s funds or property; 
 (4) the
Executive’s conviction of or entering of a guilty plea or a plea of no contest with respect to, a felony, or any other crime which materially and adversely affects the business of the Company or Executive’s ability to carry out his duties
hereunder and with respect to which imprisonment for a term in excess of six (6) months is a possible punishment; 

(5) the Executive’s conduct, or lack thereof, which results in material economic damage to the Company
or its reputation. It is expressly understood that if Executive’s good faith belief was that his conduct or lack thereof was in, or not opposed to, the best interest of the Company, then “Cause” shall not be satisfied hereunder; or

  

 6 

 (6) in the event there is a Change in Control (as used in this
Agreement, a “Change in Control” shall have the meaning ascribed thereto in the Company’s 2003 Stock Incentive Plan as in effect on the date this Agreement becomes effective), for a period of twelve (12) months following the date
of such Change in Control, the term “Cause” shall not include items (1) through (5) above and shall only mean the following: 

(A) the Executive materially violates any Company policy, regulation or guideline which Executive fails to
cure within sixty (60) days following written notice of such violation by the Company to the Executive; or 

(B) the Executive’s conviction or entering of a guilty plea or a plea of no contest with respect to
fraudulent or illegal activities which are materially injurious to the Company, monetarily or otherwise. 
 No termination of
the Executive’s employment hereunder by the Company for Cause shall be effective as a termination for Cause unless the provisions of this paragraph shall first have been complied with. The Executive shall be given a Notice of Termination by the
Board. The Executive shall have sixty (60) days after receipt of such notice to cure such alleged violation. If he fails to cure such alleged violation within such sixty (60)-day period, the Executive shall then be entitled to a hearing before
the Board. If after such hearing, the Board gives a second Notice of Termination to the Executive confirming that a majority of the members of the Board that are not then employed as employees of the Company voted after the hearing to terminate him
for Cause, the Executive’s employment shall thereupon be terminated for Cause. 
 (d)
Good Reason. The Executive terminates employment for Good Reason within two (2) years following the initial existence of the condition constituting Good Reason or for any other reason (including without Good Reason). As used in
this Agreement, “Good Reason” with respect to the termination from employment of Executive shall mean any of the following: 

(1) the Company’s material breach of this Agreement; 

(2) any purported termination by the Company of the Executive’s employment otherwise than as expressly
permitted by this Agreement; 
 (3) the Company materially altering or materially impairing the
Executive’s authority, duties or responsibilities without his written consent; 
 (4) the
failure of Executive to be reelected to the Board; 
 (5) any reduction in Executive’s then
current Annual Base Salary, reduction in Executive’s target Bonus opportunity to a level below seventy-five percent (75%) of the then current Annual Base Salary, or material diminution of benefits provided under Company plans which are
applicable to Executive without his written consent; 
  

 7 

 (6) the Company requiring the Executive to be based at any
office or location other than Batavia, Ohio (or other agreed upon location) without the Executive’s prior written consent; or 

(7) in the event there is a Change in Control, for a period of twelve (12) months following the date of
such Change in Control, the term “Good Reason” shall include, in addition to items (1) through (6) above, the following: 

(A) (i) the assignment to the Executive of any duties inconsistent in any material adverse respect
with the Executive’s position, authority or responsibilities, or (ii) any other material adverse change in such position, including title, authority or responsibilities in each case without the prior written consent of Executive; or

 (B) failure of the Company to obtain the assumption in writing of its obligations under this
Agreement by any successor to all or substantially all of the business or assets of the Company no later than the closing of such transaction, unless such assumption occurs by operation of law. 

No termination of the Executive’s employment hereunder by the Executive for Good Reason shall be effective as a termination for
Good Reason unless the provisions of this paragraph shall first have been complied with. The Board shall be given a Notice of Termination by the Executive within ninety (90) days of the initial existence of the violation. The Company shall have
sixty (60) days after receipt of the Notice of Termination to fully cure such alleged violation. 
 6.2
Date of Termination. As used in this Agreement, “Date of Termination” means: (i) if the Executive’s employment is terminated by the Company for Cause, the Date of Termination shall be the date on which the Executive
receives the Notice of Termination described in Section 6.1(c) that a majority of the members of the Board that are not then employees of the Company voted after the hearing to terminate him for Cause; (ii) if the Executive’s
employment is terminated by the Executive for Good Reason, the Date of Termination shall be the date on which the Notice of Termination is received by the Company, or such later date as may be specified therein, unless the Company has fully cured
all grounds for such termination within sixty (60) days after the Executive gives such notice; (iii) if the Executive’s employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the
date on which the Company notifies the Executive of such termination; (vi) if the Executive’s employment is terminated by the Executive for other than Good Reason, the Date of Termination shall be the date on which the Company receives the
Notice of Termination; (v) if the Company notifies the Executive of non-renewal under Section 2, the Date of Termination shall be the end of the Term then in effect; (vi) if the Executive notifies the Company of non-renewal under
Section 2, the Date of Termination shall be the end of the Term then in effect; and (vii) if the Executive’s employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the
Executive or the Disability Commencement Date. 
 6.3 Notice of Termination. As used in this
Agreement, “Notice of Termination” shall mean a written notice which: (i) indicates the specific termination provision in this Agreement relied upon; (ii) to the extent applicable, sets forth in reasonable detail the facts and

  

 8 

 
circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated; and (iii) if the Date of Termination is other than the date of
receipt of such notice, specifies the termination date (which date shall be not more than thirty (30) days after the giving of such notice). 

7. OBLIGATIONS OF THE COMPANY UPON
TERMINATION. 
 7.1 Termination for Other Than Cause, Non-Renewal, and Executive’s
Death or Disability; and for Good Reason. If the Executive’s employment is terminated (i) by Company for any reason other than for Cause; (ii) other than due to non-renewal under Section 2, or Executive’s death or
Disability; or (iii) by the Executive for Good Reason: 
 (a) The Company shall pay, or
commence to be paid, as applicable, to the Executive within thirty (30) days after the Date of Termination: 

(1) Executive’s Annual Base Salary through the Date of Termination to the extent not previously paid,
in a single lump sum in cash; and 
 (2) a Bonus, in a single lump sum in cash, equal to the Bonus,
if any, that the Compensation Committee projects, reasonably and in good faith, that he would have received for the then-current fiscal year, computed by using the average of the Executive’s last five (5) years of bonus payments (which
shall include those years in which no bonus was earned or for which bonuses may have been suspended), prorated through the Date of Termination; 

(b) The Company shall pay, or commence to be paid, as applicable, to the Executive any compensation
previously deferred by the Executive and any other non-qualified benefit plan balances to the extent not previously paid, in accordance with the terms of deferral or the other non-qualified plan, as applicable; 

(c) The Company shall pay an amount, paid in twelve (12) equal monthly installments commencing on the
next payroll date after the Executive’s Date of Termination, equal to one (1) times the sum of the Executive’s Annual Base Salary and the Bonus, if any, that the Compensation Committee projects, reasonably and in good faith, that he
would have received for the then-current fiscal year, computed by using the average of the Executive’s last five (5) years of bonus payments (which shall include those years in which no bonus was earned or for which bonuses may have been
suspended). Notwithstanding the foregoing provisions of this Subsection (c), to the extent the amounts payable under this Subsection do not exceed the Separation Pay Exemption Amount (defined below), such amounts shall be paid in accordance with the
foregoing provisions of this Subsection (c). The amount payable that is in excess of the Separation Pay Exemption Amount shall be paid as follows: (i) no portion of the excess amount may be paid, or commence to be paid, earlier than six
(6) months after the date the Executive separates from service, and (ii) the monthly installment payments that would have otherwise been paid during such six (6) month period shall be accumulated and paid on the first day of the
seventh month following the date the Employee separates from service and the remaining monthly installments shall be paid in accordance with the foregoing provisions of this Subsection (c). For purposes of this Subsection (c), the term
“Separation Pay Exemption Amount” means an amount equal to two (2) times the lesser of (x) the sum of 
  

 9 

 
the Executive’s annualized compensation based upon the annual rate of pay for services provided to the Company for the Executive’s taxable year preceding the taxable year in which the
Executive separates from service (adjusted for any increase during that year that was expected to continue indefinitely if the Executive had not separated from service); or (y) the maximum amount that may be taken into account under a qualified
plan pursuant to Section 401(a)(17) of the Internal Revenue Code for the year in which the Executive separates from service; 

(d) Except as otherwise prohibited in the applicable option/incentive plans, all stock option and restricted
stock awards that were outstanding immediately prior to the Date of Termination shall become fully and immediately exercisable and/or vested, as the case may be, with no further restrictions on sale or transferability other than those mandated by
law, and each nonqualified stock option (including already vested nonqualified stock options) shall remain exercisable through the latest date upon which the nonqualified stock option could have expired by its original terms, and each incentive
stock option (including already vested incentive stock options) shall remain exercisable for 90 days following the Date of Termination unless such stock option no longer qualifies as an incentive stock option as a result of such accelerated vesting
and exercisability, in which case the portion of the such stock option that no longer qualifies shall remain exercisable through the latest date upon which the stock option could have expired by its original terms; 

(e) For one (1) year after the Date of Termination, or such longer period as may be provided by the
terms of the appropriate plan, program, practice or policy, the Company shall continue to provide those benefits to the Executive and/or the Executive’s family that would have been provided to them in accordance with the welfare plans,
programs, practices and policies described in Section 4.5 of this Agreement if the Executive’s employment had not been terminated; provided, however, that the benefits shall be offset by any benefits provided by any subsequent employment
of Executive (determined on a benefit-by-benefit basis). Executive agrees to describe all benefits which his subsequent employer has agreed to provide him, including any changes to such benefits during the one (1) year period described in this
Subsection 7.1(e). To the extent any of the foregoing benefits are not exempt from the requirements of Section 409A of the Internal Revenue Code, the amount of expenses eligible for reimbursement (other than the reimbursement of expenses
referred to in Section 105(b) of the Internal Revenue Code (relating to medical reimbursement arrangements)), or in-kind benefits provided, during the Executive’s taxable year may not affect the expenses eligible for reimbursement, or the
in-kind benefits to be provided, in any other taxable year; 
 (f) To the extent not previously
paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is entitled to receive under any plan, program, policy, contract or agreement of the
Company. 
 7.2 Termination for Cause; Non-Renewal Under Section 2; or Other Than for Good
Reason. If the Executive’s employment is terminated (i) by the Company for Cause; (ii) by either the Executive or the Company for non-renewal of the Agreement under Section 2; or (iii) by the Executive without Good
Reason, this Agreement shall terminate without further obligations to the Executive other than all of the following: 
  

 10 

 (a) The Company shall pay to the Executive in a lump sum in
cash within 30 days after the Date of Termination the Executive’s Annual Base Salary through the Date of Termination to the extent not previously paid. 

(b) The Company shall pay, or commence to be paid, as applicable, to the Executive any compensation
previously deferred by the Executive and any other non-qualified benefit plan balances to the extent not previously paid, in accordance with the terms of deferral or the other non-qualified plan, as applicable. 

(c) If the Executive’s employment shall be terminated by either the Company or the Executive for
non-renewal under Section 2 or the Executive terminates employment without Good Reason through a plan of retirement acceptable to the Company, which will not be unreasonably withheld, except as otherwise prohibited in the applicable
option/incentive plans, all stock option and restricted stock awards that were outstanding immediately prior to the Date of Termination shall become fully and immediately exercisable and/or vested, as the case may be, with no further restrictions on
sale or transferability other than those mandated by law, and each nonqualified stock option (including already vested nonqualified stock options) shall remain exercisable through the latest date upon which the nonqualified stock option could have
expired by its original terms, and each incentive stock option (including already vested incentive stock options) shall remain exercisable for 90 days following the Date of Termination unless such stock option no longer qualifies as an incentive
stock option as a result of such accelerated vesting and exercisability, in which case the portion of the such stock option that no longer qualifies shall remain exercisable through the latest date upon which the stock option could have expired by
its original terms; and 
 (d) To the extent not previously paid or provided, the Company shall
timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is entitled to receive under any plan, program, policy or practice or contract or agreement of the Company. 

7.3 Termination Due to Executive’s Death. If the Executive’s employment is terminated by reason of
the Executive’s death, this Agreement shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than all of the following: 

(a) The Company shall pay to the Executive’s legal representative in a lump sum in cash within 30 days
after the Date of Termination the aggregate of: 
 (1) Executive’s Annual Base Salary through
the Date of Termination to the extent not previously paid; and 
 (2) a Bonus, in a single lump sum
in cash, equal to the Bonus, if any, that the Compensation Committee projects, reasonably and in good faith, that Executive would have received for the then-current fiscal year, computed by using the average of the Executive’s last five
(5) years of bonus payments (which shall include those years in which no bonus was earned or for which bonuses may have been suspended), prorated through the Date of Termination. 

 

 11 

 (b) The Company shall pay, or commence to be paid, as
applicable, to the Executive’s legal representative any compensation previously deferred by the Executive and any other non-qualified benefit plan balances to the extent not previously paid, in accordance with the terms of deferral or the other
non-qualified plan, as applicable. 
 (c) Except as otherwise prohibited in the applicable
option/incentive plans, all stock option and restricted stock awards that were outstanding immediately prior to the Date of Termination shall become fully and immediately exercisable and/or vested, as the case may be, with no further restrictions on
sale or transferability other than those mandated by law, and each stock option (including already vested stock options) shall remain exercisable by Executive’s legal representative for 12 months following the Date of Termination (but in no
event beyond the latest date upon which the stock option could have expired by its original terms); 

(d) For one year after the Date of Termination, or such longer period as may be provided by the terms of the
appropriate plan, program, practice or policy, the Company shall continue to provide those benefits to the Executive’s family that would have been provided to them in accordance with the welfare plans, programs, practices and policies described
in Section 4.5 of this Agreement if the Executive’s employment had not been terminated. To the extent any of the foregoing benefits are not exempt from the requirements of Section 409A of the Internal Revenue Code, the amount of
expenses eligible for reimbursement (other than the reimbursement of expenses referred to in Section 105(b) of the Internal Revenue Code (relating to medical reimbursement arrangements)), or in-kind benefits provided, during the
Executive’s taxable year may not affect the expenses eligible for reimbursement, or the in-kind benefits to be provided, in any other taxable year; 

(e) To the extent not previously paid or provided, the Company shall timely pay or provide to the
Executive’s applicable beneficiaries any other amounts or benefits required to be paid or provided or which the Executive is entitled to receive under any plan, program, policy or practice or contract or agreement of the Company; and

 (f) Any other death benefits then in effect for Company employees or executives and their
beneficiaries. 
 7.4 Termination Due to Executive’s Disability. If the Executive’s
employment is terminated by reason of the Executive’s Disability, the Company shall have all of the obligations set forth in the preceding Section 7.3 except that (i) any reference in Section 7.3(a), (b) and (c) to the
“Executive’s legal representative” shall refer to the “Executive,” (ii) the reference in Section 7.3(d) to the “Executive’s family” shall refer to the “Executive and/or the Executive’s
family,” (iii) the reference in Section 7.3(e) to the “Executive’s applicable beneficiary” shall refer to the “Executive” and (iv) Section 7.3(f) shall read: “Any other long-term disability
benefits then in effect for Company employees or executives and their beneficiaries.” 
 8.
ARBITRATION. Except as provided in Section 5 or a party’s right to seek injunctive or other equitable relief, if any dispute shall arise between the Executive and the Company in any way connected to or
arising from this Agreement, the dispute shall be exclusively determined, and the dispute shall be settled, by arbitration in accordance with the CPR Rules for Non-Administered Arbitration (or such other independent dispute resolution body to which
the parties 
  

 12 

 
shall mutually agree) (“Arbitration Forum”). The arbitration shall be held in Cincinnati, Ohio before a single arbitrator, who shall be chosen from a panel of arbitrators
selected by the Arbitration Forum. The decision of the arbitrator shall be final and binding upon the Executive and the Company and judgment upon such award may be entered in any court of competent jurisdiction. The costs of the arbitrator and of
the arbitration shall be borne equally by each of the parties. The costs of each party’s counsel, accountants, etc., as well as any costs solely for their benefit, shall be borne separately by each party. EACH
OF THE PARTIES HEREBY ACKNOWLEDGES THAT THIS PROVISION CONSTITUTES A WAIVER
OF THEIR RIGHT TO COMMENCE A LAWSUIT IN ANY JURISDICTION WITH RESPECT
TO THE MATTERS WHICH ARE REQUIRED TO BE SETTLED BY ARBITRATION AS
PROVIDED IN THIS SECTION 8. 
 9.
MISCELLANEOUS PROVISIONS. 
 9.1 Binding Effect; Delegation of Duties Prohibited;
Survival. This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their respective successors, assigns, heirs and legal representatives, including any entity with which the Company may merge or
consolidate, or to which all or substantially all of its assets may be transferred, provided, the Company may assign this Agreement to any affiliate, but no such assignment shall relieve the Company of its obligations hereunder. The Company will
require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner
and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or
assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. The duties and covenants of Executive under this Agreement, being personal, may not be delegated, but the Executive’s rights to
compensation and benefits provided hereunder may be transferred only by will or operation of law. Except as otherwise set forth in this Agreement, to the extent necessary to carry out the intentions of the parties hereunder the respective rights and
obligations of the parties hereunder shall survive any termination of the Executive’s employment. 
 9.2 Amendment;
Waiver. This Agreement may be amended, modified or superseded only by a written instrument that expressly refers to this Agreement and that is signed by all of the parties to this Agreement. No party shall be deemed to have waived compliance
by another party of any provision of this Agreement unless such waiver is contained in a written instrument signed by the waiving party and no waiver that may be given by a party will be applicable except in the specific instance for which it is
given. The failure of any party to enforce at any time any of the provisions of this Agreement or to exercise any right or option contained in this Agreement or to require at any time performance of any of the provisions of this Agreement, by any of
the other parties shall not be construed to be a waiver of such provisions and shall not affect the validity of this Agreement or any of its provisions or the right of such party thereafter to enforce each provision of this Agreement. No course of
dealing shall operate as a waiver or modification of any provision of this Agreement or otherwise prejudice such party’s rights, powers and remedies. 

9.3 Entire Agreement. This Agreement embodies the entire agreement and understanding of the parties related to the subject
matter and supersedes all prior proposals, 
  

 13 

 
understandings, agreements (including the employment agreement dated February 29, 2008, as amended), correspondence, arrangements and contemporaneous oral agreements relating to subject
matter of this Agreement. No representation, promise, inducement or statement of intention has been made by any party which has not been embodied in this Agreement. In the event of any inconsistency between any provision of this Agreement and any
provision of any plan, employee handbook, personnel manual, program, policy, arrangement or agreement of the Company or any of its affiliates (“Company Documents”), the provisions of this Agreement shall control; provided, however, to the
extent any Company Document provides for additional benefits to be afforded the Executive, such additional benefits will also be provided to the Executive in accordance with the terms of such Company Document. 

9.4 Exemption from, or Compliance with, Section 409A. The payment of amounts and the provision of
benefits under this Agreement are intended to be exempt from, or compliant with, Section 409A of the Internal Revenue Code. Accordingly, the payment of any amount under this Agreement subject to Section 409A shall be made in strict
compliance with the provisions hereof, and no such amounts payable hereunder may be accelerated or deferred beyond the periods provided herein. This Agreement shall be performed and construed in a manner that is consistent with the foregoing
intention. 
 9.5 Governing Law. This Agreement shall be governed by, and shall be construed, performed and
enforced in accordance with, its express terms, and otherwise in accordance with the laws of State of Ohio, applicable to contracts to be wholly performed within such state without giving effect to any conflict of law, rule or principle of such
state. 
 9.6 Headings; Section References; Construction. Section headings or captions contained in this Agreement
are inserted only as a matter of convenience and reference and in no way define, limit, extend or describe the scope of this Agreement, or the intent of any provision hereof. All references herein to Sections shall refer to Sections of this
Agreement unless the context clearly otherwise requires. Unless the context clearly states otherwise, the use of the singular or plural in this Agreement shall include the other and the use of any gender shall include all others. The parties have
participated jointly in the negotiation and drafting of this Agreement. If any ambiguity or question of intent or interpretation arises, no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of
any of the provisions of this Agreement. 
 9.7 Notices. All notices, requests, consents, approvals, waivers,
demands and other communications required or permitted to be given or made under this Agreement shall be in writing and shall be deemed delivered to the parties (a) on the date of personal delivery against a written receipt, or (b) on the
first business day following the date of delivery to a nationally recognized overnight courier service, or (c) on the third business day following the date of deposit in the United States Mail, postage prepaid, by certified mail, in each case
addressed as follows, or to such other address, person or entity as any party may designate by notice to the others in accordance herewith: 
  

 14 

 To Executive: 

Nigel A. Vinecombe 

400 Riverboat Row, #701 

Newport, KY 41071 

To Company: 

Lorrance T. Kellar 

Chairman of the Board 

Multi-Color Corporation 

4053 Clough Woods Drive 

Batavia, OH 45103 

with a copy to: 

(which shall not constitute notice) 

Dinsmore & Shohl 

255 East Fifth Street 

1900 Chemed Center 

Cincinnati, OH 45202 

Attn: C. Christopher Muth 

9.8 Policies, Regulations and Guidelines for Executives. The Company may, from time to time, issue policies, rules,
regulations, guidelines, procedures or other informational material, whether in the form of handbooks, memoranda or otherwise, relating to the Company’s Executives. Executive acknowledges and agrees that such materials are general guidelines
for Executive’s information and shall not be construed to alter, modify or amend this Agreement for any purpose whatsoever. 

9.9 Severability and Reformation of Provisions. If a court in any final, unappealable proceeding holds any provision of
this Agreement or its application to any person or circumstance invalid, illegal or unenforceable, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those to which it was held to be invalid,
illegal or unenforceable, shall not be affected, and shall be valid, legal and enforceable to the fullest extent permitted by law, but only if and to the extent such enforcement would not materially and adversely frustrate the parties’
essential objectives as expressed in this Agreement. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties intend that the court add to this Agreement a provision as similar in terms to such invalid or
unenforceable provision as may be valid and enforceable, so as to effect the original intent of the parties to the greatest extent possible. 

9.10 Taxes. The Company may withhold from any amounts payable under this Agreement such Federal, state, local
or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
  

 15 

 9.11 Full Settlement. In no event shall the Executive be
obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced whether or not the Executive obtains other
employment, except for the offset described in Section 7.1(e). 
 THIS AGREEMENT CONTAINS VERY IMPORTANT TERMS GOVERNING EXECUTIVE’S
EMPLOYMENT WITH THE COMPANY. SECTION 5 CONTAINS PROVISIONS WHICH AFFECT EXECUTIVE’S ABILITY TO TAKE CERTAIN ACTIONS FOLLOWING THE TERMINATION OF EXECUTIVE’S EMPLOYMENT. EXECUTIVE SHOULD FEEL FREE TO SEEK ADVICE FROM HIS ATTORNEY REGARDING
ANY MATTER RELATING TO THIS AGREEMENT. BY EXECUTING THIS AGREEMENT, EXECUTIVE IS AFFIRMING THAT THE EXECUTIVE HAD THE OPPORTUNITY TO REVIEW THIS AGREEMENT AND TO CONSULT WITH HIS ATTORNEY, THAT EXECUTIVE UNDERSTANDS THE MEANING AND SIGNIFICANCE OF
ALL OF ITS PROVISIONS, THAT NO REPRESENTATIONS OR PROMISES HAVE BEEN MADE TO EXECUTIVE REGARDING HIS EMPLOYMENT WHICH ARE NOT SET FORTH IN THIS AGREEMENT, AND THAT EXECUTIVE IS FREELY SIGNING THIS AGREEMENT TO CONTINUE HIS EMPLOYMENT WITH THE
COMPANY. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK - SIGNATURE PAGE TO FOLLOW] 
  

 16 

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

					
	MULTI-COLOR CORPORATION
			
	By:	 	/s/ Lorrence T. Kellar	 	  

	  
	 	

					
			
	Title:	 	Chairman of the Board	 	  

	  
	 	

					
			
	Date:	 	August 12, 2010	 	  

	  
	 	

					
	
	WITNESS: /S/ LESHA SPAHR
	
	(“Company”)
	
	 /s/ Nigel A. Vinecombe

	NIGEL A. VINECOMBE

					
		
	Date:	 	 August 12, 2010

		 	(“Executive”)	 	
	
	WITNESS: /S/ LESHA SPAHR

[Signature Page to Vinecombe Employment Agreement] 

 

 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]